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How many Johor Properties are under the PLS Scheme ?
- Thread starter Rabbit7
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There is a news report about 100 buyers have a legal dispute with the developer in Johor about a property that they bought which as under PLS (private lease scheme). They thought that it was a normal leasehold in Singapore.
The name of the development was not mentioned in the news report.
I searched for the developments that are sold under a PLS in Johor. I got this answer.
In Johor, particularly within the Medini region of Iskandar Puteri, several condominium developments have been sold under Private Lease Schemes (PLS). Notable examples include:
Afiniti Residences: Developed as a joint venture between Khazanah Nasional and Temasek Holdings, Afiniti Residences operates under the Medini Lease Structure (MLS), a form of PLS. Buyers hold long-term leases—initially 99 years, with an extension option—without actual ownership of the property.
Iskandar Residences: This development has been at the center of legal disputes due to its PLS arrangement. Buyers allege they were misled into believing they were purchasing ownership, only to later discover they held long-term leases without ownership rights.
The Meridin@Medini: In 2018, buyers of this development successfully sued the developer over misrepresentation and breach of housing development legislation related to the PLS structure. The court awarded damages to the plaintiffs, underscoring the complexities associated with such schemes.
The name of the development was not mentioned in the news report.
I searched for the developments that are sold under a PLS in Johor. I got this answer.
In Johor, particularly within the Medini region of Iskandar Puteri, several condominium developments have been sold under Private Lease Schemes (PLS). Notable examples include:
Afiniti Residences: Developed as a joint venture between Khazanah Nasional and Temasek Holdings, Afiniti Residences operates under the Medini Lease Structure (MLS), a form of PLS. Buyers hold long-term leases—initially 99 years, with an extension option—without actual ownership of the property.
Iskandar Residences: This development has been at the center of legal disputes due to its PLS arrangement. Buyers allege they were misled into believing they were purchasing ownership, only to later discover they held long-term leases without ownership rights.
The Meridin@Medini: In 2018, buyers of this development successfully sued the developer over misrepresentation and breach of housing development legislation related to the PLS structure. The court awarded damages to the plaintiffs, underscoring the complexities associated with such schemes.
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