99-Year Lease or 99-Year Risk? What Singaporean Property Investors Must Know About the Private Lease Scheme (PLS) in Malaysia
- Fireplace, Library, News and Update, Property
- December 25, 2024
By Boo Kok Chuon When the Johor Bahru to Singapore Rapid Transit System Link announced a five minute crossing, commentary rushed to a single conclusion. A faster train, the argument went, would drain Singapore’s northern rental market. Tenants would flee to Johor Bahru, Woodlands rents would collapse, and the RTS Link would do to the
READ MOREBy Boo Kok Chuon I read with interest The Straits Times article, “My second crib: They own homes in Singapore. So why are they renting abroad?“ The appeal is immediately obvious because one couple rents out a 68 sq m flat in Admiralty for $3,200 while renting a 250 sq m landed home in Malaysia
READ MOREBy Boo Kok Chuon Why DIY Estate Planning and Implied Trusts Make for Expensive Regrets What you have created is valid on its face. What you have not asked is a far more dangerous question: Did you actually have the right to give away what you just gave? Picture this. You’re doing up your will.
READ MOREBy Nancy Thio and Boo Kok Chuon A poorly drafted will can lead to costly disputes, emotional stress for loved ones, and unintended outcomes for the estate. This became painfully evident in a recent case reported by The Straits Times titled “When a ‘mysterious’ new will is used to claim a million-dollar inheritance.” The case
READ MOREBy Boo Kok Chuon The Private Lease Scheme (PLS) in Malaysia has become a polarising topic, especially after recent disputes involving Singaporean investors. While concerns about lower liquidity, resale limitations, and developer control are valid, PLS properties can still offer strategic advantages for certain types of investors. This article provides a balanced analysis of PLS,
READ MOREBy Boo Kok Chuon The recent legal dispute involving 100 Singaporeans and their investments in 99-year Private Lease Scheme (PLS) properties in Johor Bahru has shed light on the complexities of cross-border property transactions. Many buyers were attracted by the promise of affordable luxury living close to Singapore, only to find themselves entangled in disputes
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