21-May-2013
With the current pre-launch by developers after GE13, the property market is expected to pick up. Concentration of bulk development will be in Penang, Selangor and Johor states.
Most developers start selling their properties even without APDL. It's at this stage purchaser will be having up front investment gain once the project start up. There're few loopholes that a purchaser might want to be aware of:
(1) Deposit payment is not suppose to paid to developer. Reason being they're yet to receive APDL. The way to go around to secure deposit from purchaser is going through developer's lawyer as stakeholder. At this stage till signing of SPA purchaser still could cancel the purchase.
(2) There might be soft launch by developer. The reason of doing these activities are to accomplish two things, (a) to break even by developer , (b) to gauge the reponse of purchasers on their projects.
(3) Since no APDL been issue yet, feedback from 2(b) developer might maximize its gain. To accomplish this developer might increase number of units per floor and/or increase few more floors. Caveat: This doesn't apply to all developers.
(4) Subsale before MOT might not be allowed depending on developers.
(5) Take note that RPGT for property that been sold less than 2 years is 15% and more than 2 years but less than 5 years is 10%.
This article been written by VULCAN INT'L Real Estate Research Institute(Penang iProperty) for VULCAN INTERNATIONAL Real Estate Investors Club.
VulcanInternational could be contacted at +6 016 451 1321 .
You're welcome to write your constructive comment below.
Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com
With the current pre-launch by developers after GE13, the property market is expected to pick up. Concentration of bulk development will be in Penang, Selangor and Johor states.
Most developers start selling their properties even without APDL. It's at this stage purchaser will be having up front investment gain once the project start up. There're few loopholes that a purchaser might want to be aware of:
(1) Deposit payment is not suppose to paid to developer. Reason being they're yet to receive APDL. The way to go around to secure deposit from purchaser is going through developer's lawyer as stakeholder. At this stage till signing of SPA purchaser still could cancel the purchase.
(2) There might be soft launch by developer. The reason of doing these activities are to accomplish two things, (a) to break even by developer , (b) to gauge the reponse of purchasers on their projects.
(3) Since no APDL been issue yet, feedback from 2(b) developer might maximize its gain. To accomplish this developer might increase number of units per floor and/or increase few more floors. Caveat: This doesn't apply to all developers.
(4) Subsale before MOT might not be allowed depending on developers.
(5) Take note that RPGT for property that been sold less than 2 years is 15% and more than 2 years but less than 5 years is 10%.
This article been written by VULCAN INT'L Real Estate Research Institute(Penang iProperty) for VULCAN INTERNATIONAL Real Estate Investors Club.
VulcanInternational could be contacted at +6 016 451 1321 .
You're welcome to write your constructive comment below.
Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com
We can do other things for our business. I can say that in order to succeed, we should always think of a way that we can add up in our business. Something that might be helpful in attracting our customer for our real estate business.
ReplyDeleteProperty Investment
Property Investment, thank you for dropping your comment. We appreciated it.
DeleteI do agreed with you on your suggestion as "Malaysia has one of the most liberal foreign property ownerships in the region and foreign buyers will continue to looking to buy properties in Malaysia." Likewise we could promote your real estate business here.
This is for the benefit of buyers as they've wider choice to chose [to expand their investment].
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ReplyDeleteHi Mohammad Bilal, we appreciated your feedback and subscribed to our blog. Thank you.
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