Penang waives premium for leasehold title change


GEORGE TOWN: Some 20,000 owners of low and medium-cost flats developed on state land need not pay a premium to convert their leasehold titles to freehold status.

The exemption was made ''to give hope'' to low-income homeowners for the coming new year, Chief Minister Lim Guan Eng said after presenting aid to the underprivileged in Komtar.

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