Introduction Perak Property Times recently visited an on-going development project by Syarikat Pembinaan Amazy Sdn Bhd which is managed by ...
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Introduction to Sanctuary Gardens Malaysia Property Times took the opportunity to visit one of P.K LEE SDN. BHD.’s latest development ...
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Sanctuary Gardens Perak Property Times took the opportunity to visit one of P.K LEE SDN. BHD.’s latest development project, known ...
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Located at Golf Garden (Taman Golf), an upscale affluent residential neighborhood in Ipoh City behind Royal Perak Golf Club, near ...
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Perak Property Times recently visited an on-going development project by Syarikat Pembinaan Amazy Sdn Bhd which is managed by Kemajuan ...
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Pangkor Island is a well-known resort island located in Manjung District of Perak State, Malaysia. Having a local population of ...
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Introduction Business valuation is a process involving technical procedures used to estimate the economic value of an owner’s interest in a business. Business valuation is used by financial market participants to determine the value they are willing to pay or receive to affect a sale of a business. In addition to estimating the sale value of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, ...
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Introduction Despite speculation of a property market crash, Malaysian banks had been performing well in the KLSE market recently. There had been many rumours, speculations and insights on our current economic conditions. Malaysia Property Times took the opportunity to visit Dr Sr Rosli Said, a prominent Land Economist and Property Expert in Kuala Lumpur who is also currently the senior lecturer at the University of Malaya to find out more about the Real Estate Market Conditions of Malaysia. This will ultimately help our readers, investors, developers and the nation as a whole to understand and obtain insights on how the ...
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Growth of Strata Properties in Ipoh City Land is known to be scarce and limited. With its limited supply and increase in demand over time, Ipoh is not exempted from the effects of urbanization and city growth. As land costs increases periodically overtime, Ipoh witnessed a growth of strata residential properties which had been growing like mushrooms throughout the city. We can see there are both premium and luxurious condominiums being developed in Ipoh city center, and then the Walk Up apartments in Menglembu, Bercham and Tambun followed by another generation of strata properties at Taman Botani, Pengkalan, Pasir Puteh ...
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Q 1): What should a home buyer do when they have a complaint regarding the defects, shrinkage and other defective materials of the properties being completed? Cr Chang: If you find any defects in the property after receiving vacant possession, make sure you submit the defects list in writing to the developer within 18 or 24 months (whichever is applicable) from the date of vacant possession. The developer will have 30 days from the date of receipt of your list to rectify the defects. If the developer fails to rectify within the stated time, you can then engage someone else ...
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Feng Shui had become a well-known field around the world. It had strong roots and influence in the Chinese culture. However, how exactly do Feng Shui affect individuals and professionals at the international scale? Despite the strong influence in Asian countries, what are the impacts of Feng Shui in the Western world? Read on to explore on Feng Shui on the International Arena. Li Ka Shing, the wealthiest Asian in the world – have his house, skyscrapers and offices done with Feng Shui remedies. These do not extend to himself, but his entire family and relatives believe in Feng Shui ...
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Introduction In many developed nations where real estate prices had spiked high, many had turned to renting instead of purchasing real estate. This can be observed in countries like the UK and Germany where property prices are exorbitant to own. This is also true for new startups where renting helps to ease cashflows and provide higher working capital compared to purchasing a property. Besides, renting does appear to have an edge when the economy is poor. While the number of foreclosure cases in Malaysia had been increasing substantially for the previous year 2016 as compared to 2015, the shaky Malaysian ...
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Vintage Bungalow in an Affluent Neighbourhood Property Times had the opportunity to visit one of Ipoh’s reviving neighborhoods – Taman Golf. Taman Golf is notable in Perak as one of the earliest upscale residential neighborhood in Ipoh City. The neighborhood boasts of having all units in the surrounding as custom built bungalows, until a new development features Semi-Detached Houses in the vicinity. It was home to many professionals, doctors, accountants, developers and the rich alike. Due to the passage of time, many of these bungalows had faced serious deterioration, and yet there are those who invest in them – and ...
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In Malaysia there is no capital gains tax until the introduction of Land Speculation Tax Act. 1974 on 6th December 1973. This tax was introduced to curb property speculation and the soaring prices of immovable property especially residential houses during the years 1973 and 1974. The Land speculation Tax was replaced on 6th November 1975 by the introduction of Real Property Gains Tax Act, which is effective from 7th November 1975. By Section 3 (1) of the Act, a tax called Real Property Gains Tax is charged onchargeable gains accruing on the disposal of any real property. Chargeable gain = ...
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There are recent debates on the online auction that is to be implemented by the High Court of Malaya to replace the manual public auction process. I agree with the High Court of Malaya that the auction process should evolve and I embrace the new concept of bidding for property at auctions online. Online auctions can reduce transport costs for bidders, save time, increase transparency and ease the process for auctioneers. However, there are certain concerns that it would crucial for the public to note. a) There is a huge difference between a service provider and user when it comes ...
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It takes a networth of RM32 million in Monaco to be in the top 1% locally, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows. Source: Bloomberg Wealth ...
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IPOH can now enjoy a new RM425 million Ipoh International Convention Centre (IICC), which will be fully operational from next month. It is expected to attract more business travelers to the city and in turn benefit its residents ...
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Prelude After Malaysia was hit with the Great Lockdown recession in 2019/2020, the real estate industry was hit tremendously, with some property developers declining over 70% in the local bourse, and had yet to recover. In November 2020, ...
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The lawyer for FGV Holdings Bhd’s former chairman Tan Sri Mohd Isa Abdul Samad today disputed the credibility of the surveyor who valued two luxury condominiums at the centre of the company’s lawsuit against Mohd Isa. Lawyer Mavinthra ...
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Kuala Lumpur, May 4th, 2020: Aimed at public safety, the Movement Control Order (MCO) has nonetheless caused hardships especially within the B40 community. To alleviate the difficulty faced by members from the low income community, Tago (M) Sdn ...
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The Council of Auctioneers Malaysia has been given the nod to challenge the High Court registrar’s decision to implement the electronic bidding system or e-Lelong in all courts in West Malaysia. The group’s lawyer, Haniff Khatri Abdulla, told ...
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November 2018:- A new boutique lodging known as Lodge 163 had opened in Ipoh, Perak. The property, a pre-war historic Shop offers boutique accomodation with different themed rooms. Its owner, Mr Tham explained “Lodge 163 is located at ...
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November 2018 :- Following the abolishment of the Goods and Services Tax (GST), the Sales and Service Tax (SST) kicked off on Sept 1 promptly, but without a complete list of chargeable items, surprising many business operators and ...
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KUALA LUMPUR, 25 July 2018 – The Smart Living and Innovation Caucus 2018 (SLIC 2018) will see local and global speakers sharing their insights on environmental stability, sustainability, design and architecture, ideas and inventions; and livability and mobility ...
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MIEA anticipates a ‘confidence’ gaining property market through 2018 Association refocuses industry training programmes on skill development for real estate fraternity Petaling Jaya, August 9, 2018: Malaysian Institute of Estate Agents (MIEA) Mr Lim today said that the Malaysian ...
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June 2018 – All Federal housing projects in the state will be overseen by the Penang government, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. He said among the projects are affordable housing, low ...
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The Malaysian Association of Hotels has urged the government to scrap the tourism tax and regulate the Airbnb service. It’s president Cheah Swee Hee said that the two issues were among the things discussed in a meeting with ...
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EcoWorld Berhad’s net profit surged 461% to RM116.16mil in the first quarter ended Jan 31, 2017 compared with RM20.67mil in the same period last year, due to gain on dilution of its equity interest in Paragon Pinnacle. The ...
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We refer to the Article dated 18th March 2018 by the Chief Registrar of Federal Court of Malaya concerning the E-Lelong published by the Sun Daily . 1) According to Federal Court Datuk Seri Latifah Mohd Tahar,  he ...
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KUALA LUMPUR, March 17 — The Auctioneers Council of Malaysia (ACM), also known as Majlis Pelelong Malaysia urged the government today to include them in discussions on the implementation of the e-lelong system. The High Court of Malaya ...
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KUALA LUMPUR: Auction company, Ng Chan Mau and Co Sdn Bhd today launched the first ever hybrid auction in the country. Its business director Low Chee Hian said the new system would allow the public to have an ...
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Introduction Despite speculation of a property market crash, Malaysian banks had been performing well in the KLSE market recently. There had been many rumours, speculations and insights on our current economic conditions. Malaysia Property Times took the opportunity ...
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In a bid to curb property-related frauds, the Urban Wellbeing, Housing and Local Government Ministry (KPKT) created a special committee that will investigate affordable housing scams while new conditions have been introduced to the Advertisement and Sale Permit ...
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KUALA LUMPUR, 16 AUGUST 2017: Real estate industry leaders and experts gathered at the inaugural PropertyGuru Malaysia Real Estate Summit held today at the InterContinental Kuala Lumpur. Themed, “Shaping the Future of Malaysian Real Estate”, it assembled more ...
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Real estate construction or investment requires a high level of technical expertise in building and using financial models if the building is to be profitable for its builder or owner. This has not always been available, with the ...
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CYBERJAYA – 11 August 2017 – Cyberview Sdn Bhd has today confirmed the appointment of Gadang Engineering (M) Sdn Bhd, a subsidiary of Gadang Holdings Bhd as the principal contractor for the Cyberjaya Hospital. The appointment concludes a ...
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The 9th edition of the ‘INTERNATIONAL CONFERENCE ON WORLD CLASS SUSTAINABLE CITIES 2017’ (WCSC 2017) will be held on 10 August 2017 (Thursday) at the Royale Chulan Kuala Lumpur Hotel, Kuala Lumpur, Malaysia. Themed ‘TRANSFORMING CITIES: DESIGN, NATURE & HUMAN LIVES’, this ...
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Real estate valuers are also professionally qualified property managers, and these two functions of the real estate valuer are stated in the Valuers Appraisers and Estate Agents Act 1981 (Act 242), said the Royal Institution of Surveyors Malaysia ...
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Johor Bahru/Singapore, 26 July 2017 – One Bukit Senyum, Johor’s upcoming RM5.4 billion administrative and commercial hub, has been granted node status – an area where the developer and promoted businesses can enjoy tax incentives – by Malaysia’s ...
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SINGAPORE / MELAKA, MALAYSIA, 21 July 2017 – Melaka Chief Minister Datuk Seri Utama Ir. Haji Idris bin Haji Haron unveiled today SATORI, the state’s first wellness-themed mixed development in a ground-breaking ceremony that drew over 200 guests ...
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PETALING JAYA: Stringent lending rules is a major factor contributing to the rise in unsold stocks in the property market, according to Real Estate and Housing Developers Association (Rehda). Its president Datuk Seri FD Iskandar, who was revealing ...
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PETALING JAYA: More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda). However, stringent lending rules continue to be a major ...
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PETALING JAYA: Despite the less-than-stellar performance of many listed property companies during the recent corporate earnings season, investor confidence in local property stocks has actually been steadily increasing this year. Year-to-date, the KL Property Index (made up of ...
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By BUSINESS TIMES THE Klang Valley is the fastest-growing area in Malaysia, but the population boom has brought a surge in housing costs, which have become an increasing worry for all stakeholders, said experts. Bank Negara Malaysia deputy ...
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KUALA LUMPUR: PublicInvest Research maintains that the property market will remain challenging in 2017 due to the difficult trading environment currently, driven by weak sentiment, low affordability, stricter bank lending and rising incoming supply. “The sector is also ...
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Hotel and industrial sectors saw biggest rise in investment According to the latest JLL’s Global Capital Flows data, China has hit a record of $33 billion in overseas commercial and residential property investment in 2016, an increase of nearly 53 ...
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One of the highest recorded property transactions (as of 2014) with its price per sq ft in other nations for residential property (ranked from top to bottom):- 1. Hong Kong, China Average price per square foot: 7,200 pounds ...
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Property Times Magazine is now available on all major book stores including MPH, Borders, Popular and over 1,000 retail book stores nationwide. Get your copy now! Peninsula Malaysia: RM 7.50 East Malaysia: RM 8.50 For free articles, updates ...
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“Ever since the 1997 Asian financial crisis, property markets have greatly developed through the years. Asian governments have improved the financial stance associated with the structure of housing finance, allowing more access to a diverse range of mortgages ...
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Twinning Efforts by Macau and the Perak State Government Lately, Macau Media Group, a Macau Firm paid a visit to Ipoh during Chinese New Year to seek out co-operation deals for various purposes. It was reported that the ...
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Malaysian prominent real estate economist Tham Kuen Wei warns of a potential property bubble in Malaysia, but the government must take correct and prompt procedures to intervene while allow for market forces to coordinate supply and demand. In an interview with MPT, Worldwide Properties ...
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