The Penang Government will temporarily put on hold applications by owners of units in multi-storey buildings to obtain freehold rights.
Chief Minister Lim Guan Eng said strata holders who sought freehold status should exercise patience until the state government resolved legal matters with the Federal Government.
“There are legal problems when changing strata ownership to freehold status which have to be referred to the Federal (Government) and it is expected to take time to resolve,” Bernama reported that he told reporters at his office yesterday.
He, however, hoped the matter could be resolved within four years and the state government would announce when the people could forward applications.
Industrial and commercial land owners could increase their leaseholds to 99 years while residential land owners could apply to change the status of their land from leasehold to freehold, he added.
He said the application process could be done from today at district land offices and each applicant should have the completed forms and specific payment.
“According to the National Land Code, owners should surrender their land to the state government. Once its status is processed, (the land) will be awarded back to them,” he added. - By The Star
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