Wishing You A Happy Chinese New Year Of The Horse (2014)

May the year of wooden horse brings you prosperity.

Malaysia | Penang Properties | MAPEX 2014 | Hottest Property Deal In Town

Despite various property controls been implemented this year http://www.vulcaninternational.blogspot.com/2013/12/20142015-penang-property-my-musings-on.html there will be three-day Malaysia Property Exhibition 2014(Mapex 2014) to be held at G Hotel in Penang starting 2-Feb-2014. The event is been organised by Real Estate & Housing Developers' Association Malaysia(#Redha). It's expected to generate more than 20,000 people turnout during this three-day event. 

It will showcase projects from more than 15 Kuala Lumpur and Penang-based developers. Among major participating developers are IJM Land Bhd, Sunway Grand Sdn Bhd, Chong & Co Sdn Bhd, Boon Siew Group, Airmas Group, UDA Land, DK-MY Properties Sdn Bhd, Tropicana Corp Berhad, Plenitude Bhd, New Bob Realty Sdn Bhd, Bertam Properties Sdn Bhd and East West One Marketing Sdn Bhd.

The event will showcase residential property priced from RM372,000 to RM16mil located in northeast and southwest districts on the Penang Island and on the mainland. Participating developers are targeting Penangites living overseas and other Malaysians who are coming back home to celebrate the Chinese New Year as well as tourists from Singapore, Indonesia, Hong Kong, China and the United Kingdom.

Concurrently with Mapex 2014 there will be talks about legal, taxation, and loan aspects of buying property at the same venue.

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Light Industry Malaysia | Penang Warehouse/Factory/Light Industrial Building For Sale | New Launching

NEW launching! Opportunity to own a Warehouse/Factories/Light Industrial Building With Green Building Index(#GBI) Rating At Jalan Bukit Mlnyak, Seberang Prai Tengah, Penang MALAYSIA

FACT SHEET
Location: Jalan Bukit Minyak, Seberang Prai Tengah ( Main Road )

Project Type: 3 storey Superlink & Semi Detached Industrial Building With Green Building Index(GBI) Rating
Land Size: 6.7 acres
Total No. Of Units: Superlink 10 units / Semi Detached 9 units
Tenure: Freehold
Built Up: approx 12,000 sq ft 
Land Area: approx.. 6,000 sq ft to 15,000 sq ft
Level 1 & 2 - Height: 20ft /6m
High Working Floor Loading:

Level 1: 7.5 tons/m2

Level 2: 5 tons /m2

Level 3: 3.5 tons /m2

Lift: 2 Tons Goods Lift
Electric Supply: 3 phase 200A Electrical Infrastructure
Building Flooring: Power Floated Hardened Concrete Flooring
Security: Private Front Compounds with Individual Guard House
Safety: Fire Fighting Hose Reel and Fire Alarm System
Emergency Exit: 2nd Fire Staircase to broaden commercial options
IT System: Fibre ready telecommunications
Access Road: Main streets 60 feet wide and back lanes 30 feet wide
Building design: Individual Service Tower to house services separately
Completion date: 3 years from signing SPA
Booking Fee: RM 20,000 payable to lawyer or developer. ( Refundable )
SPA Legal Fee: Free
Loan Legal Fee: Purchaser pay
Price: 

Super Linked RM 3.663 Million - RM 4.148 Million

Semi-Detached RM 4.303 Million - RM 5.125 Million

For further enquiry or booking, please contact : Vulcan Lau +6 016-4511321

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Question: What is Green Building Index? by Greenbuildingindex Sdn Bhd

Answer: The Green Building Index (GBI) is Malaysia's industry recognised green rating tool for buildings to promote sustainability in the built environment and raise awareness among Developers, Architects, Engineers, Planners, Designers, Contractors and the Public about environmental issues and our responsibility to the future generations.

The GBI rating tool provides an opportunity for developers and building owners to design and construct green, sustainable buildings that can provide energy savings, water savings, a healthier indoor environment, better connectivity to public transport and the adoption of recycling and greenery for their projects and reduce our Impact on the environment.

GBI is developed specifically for the Malaysian-tropical climate, environmental and developmental context, cultural and social needs and is created to:
• Define green buildings by establishing a common language and standard of measurement;
• Promote Integrated, whole-building designs that provides a better environment for all;
• Recognise and reward environmental leadership;
• Transform the built environment to reduce its negative environmental Impact; and
• Ensure new buildings remain relevant in the future and existing buildings are refurbished and upgraded to improve the overall quality of our building stock.

For further enquiry or booking, please contact : Vulcan Lau +6 016-4511321

Malaysia Banking Info | A Cheque Too Costly

21 March 2014: Latest news update...The Bank Negara Malaysia(BNM) mentioned that the exercise of imposing 50 sen per cheque will be deferred to 2 Jan 2015. This is to ensure that the required hardware to facilitate such e-payments would be in place in all states and federal government agencies.

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Effective 1 April 2014, banks will charge a cheque processing fee of 50 sen on the issuer of the cheque in addition to the current 15 sen for stamp duty. Therefore total cost will then be 65 sen per cheque leaf versus the current of 15 sen. An increase of 333%. 

The Association of Banks Malaysia(ABM) clarified that there has been no processing fee imposed on cheque issuers all this while. It's said to be in line with directive by Bank Negara Malaysia(BNM) issued on 20 March 2013. A checked on BNM's website under A New Pricing Strategy to Promote Greater Efficiency mentioned that increase is in tandem with incease usage of Interbank GIRO or IBG transactions that is performed online via internet banking and mobile banking. In 2 May 2013 Interbank #GIRO or #IBG transactions fee has been reduced to 10 sen. #BNM wants consumers to adopt the more cost effective electronic payment methods while charges will be levied on cheques to reflect its higher cost.

To me the Interbank GIRO or IBG transactions fee should be totally abolish and as part of banking system it should be provided free to their customers.

 

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | Penang Property | Commercial Properties | Shop Office Lot For Sale/Rent In Penang

Shop Office lot for sale or rent in Penang. Located along Jalan Perak, Penang and facing main road. Nearby established residential buildings are Harmony View, Harmony Square, Taman Perak and Symphony Park. Building comes with lift and per floor is four(4) units shop office lot.

Property: Superfield Plaza

Property type: Shop Office

Units available for sale or rent: 4

Build-up area(sq ft): Range from 1,400 sq ft to 8,300 sq ft

Price per sq ft(psf): Range from 175 psf to 230 psf

Interested please contact Vulcan Lau, mobile: +6 016 451 1321 for purchase or rental.