The Selangor state government is cheating residents of their right to full home ownership by charging exorbitant premiums, the Selangor MCA is claiming.<br /><br />Selangor MCA's public services and complaints department chief Theng Book accused state executive councillors - especially those from the DAP - of misleading the public on the state's RM1,000 one-off payment scheme to secure a 99-year lease for residential land titles.<br /><br />Citing a circular issued by the state Land and Mines Department on June 1 this year, Theng said the RM1,000 payment will be rendered worthless as homeowners will have to pay commercial-scale premiums if they intended to use the title as collateral or transfer it to a third party.<br /><br />This is because, he said, the RM1,000 lease scheme does not accord full ownership of the property to the resident and the title is no different from a temporary occupation licence (TOL).<br /><br />Full story: http://www.malaysiakini.com/news/177294<br /><br />Camera: Amir Abdullah<br /><br />Editing: Tan Jiun Wuu
