Malaysia Real Estate | Budget 2014 Malaysia Conundrum | What is there for real estate?

Scenario: Number of my investors are asking me on whether should they proceed with purchase of new development or sub-sale properties at the moment? 

My answer to them is why not wait for the budget 2014 to be announced first before you take any action(afterall is only one week to go) so that you've a clearer pictures on how property market going on then.

By next Friday, 25-Oct-2013 Malaysian will again vis-a-vis the 2014 budget (you can follow via #Bajet2014) that will be tabled. It has been quite a number for speculations of what are going to announce then. As from the perspective of Malaysia's real estate sector the following might be affected:

(1) #DIBS (Developer Interest Bearing Scheme): As we're awared our neighbour(Singapore) has banned on DIBS since 2009. The Malaysian government might follow the same path.

(2) #RPGT (Real Property Gains Tax): There has been talked around that RPGT will be increased from current of 15%(for first two year upon signing of SPA) and 10%(from 3rd to 5th-year upon signing of SPA) to 30% and 15% respectively. Reason behind this move is that the RPGT can be effectively use to curb speculation on property by flipper or investor that looking for short term gains.

(3) #Stamp Duty: As been mentioned the current scale of Stamp Duty for property transaction will be increased from the current of 1%(up to RM100,000.00 purchase price) and 2%(from between RM100,000.00 and RM500,000.00 purchase price) and 3%(RM500,000.00 and above). The quantum of increase will be reveal then.

(4) #GST (Goods and Services Tax): Currently real estate agents are charging 6% GST for their services. It has not been implemented in all sector of industries. With this budget there might be a chance to implement across other industries. At present, we're paying a sales tax of 10% and 6% in service tax(as charge by McDonald Restaurant outlets).

(5) #LTV(Loan-To-Value): Reducing loan-to-value cap for a second property would affect genuine upgraders, who may find it challenging to pay a higher downpayment while waiting to sell their existing properties. This could reduce supply to the secondary market.

PS: Rising #RPGT and #Stamp Duty could risk pushing house prices higher as sellers would tend to pass the increemental costs to buyers and also delay disposal leading to even tighter supply. Developers will also hold back launches in view of weaker sentiment. This could reduce supply to the primary market.

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 | Space Rental Box | Secure Self Storage(3S) Concept

Secure Self Storage(3S) concept offers you extension of space for your personal and business storage beyond your living room and business premises. 3S concept is the first of its kind in Penang and offers such flexible storage space service. 

Strategically located in high demand area in Penang Island and Prai, Penang MALAYSIA, 3S offers you the space while let you take care your business with peace of mind as self storage been secured with CCTVed.

Affordable rates and flexible access time of 7:00am to 7:00pm through out the year been offered at your convenience to access your goods.

Future expansion: For wine seller and wine collector, 3S is going to provide temperature controlled room to enable you to store your goods.

PS: Foreign businessman that would like to setup his business present in Penang, Malaysia and would like to engage temporary storage for their goods or machinery are encourage to discuss with Vulcan Lau, mobile: +6 016 451 1321

Interested in Secure Self Storage(3S) space, please contact Vulcan Lau, mobile: +6 016 451 1321 for details.

MASPEX Malaysia 2013 | Penang Property | MIEA | Facts and figures about Malaysian Secondary Property Exhibition

MASPEX is the brainchild of MIEA(Malaysian Institue of Estate Agents). Penang Edition of the Malaysian Secondary Property Exhibition(MASPEX) is the 2nd in the series of nationwide establishment. 

Fundamental analysis from JPPH data are showing that 70% transaction of residential property is made up of secondary market with the balance contributed by primary market(new project).

At this point of writing the MASPEX 2013(Penang Edition) is currently underway at:

Location: Penang Times Square

Time: 10am to 10pm

Date: 27-29 Sept 2013

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 .

PS: Pictures of MASPEX(Penang Edition) been contributioned by VulcanInternational while Facts and Figures been contributed by MIEA/JPPH.

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang iProperty | Beverly Hills Bungalow At Tanjung Bungah For Sale, Penang Malaysia

Beverly Hills bungalows are situated at Tanjung Bungah, Penang Malaysia for sale. It's ideally located in midway between Georgetown and Batu Feringghi. This is the hotspot for expatriates to stay for their retirement or under MM2H programme to eligible to purchase land property with investment value of RM2,000,000.00 and above.

All the bungalows and some units of terraces and semi-Ds command great panoramic view of the sea. The other houses boast the greenery view of the surrounding forest of the hills. Beverly Hills is a low density development with just a handful of houses within the site. Hence, you will definitely feel the exclusivity and privacy residing in Beverly Hills.

Fact sheet: 

Type of building: 2-storey bungalow

Title: Freehold

Built-up area: 5,600 sq ft

Land area: 8,200 sq ft

Bedroom: 7 

Bathroom: 7

Remark: Bungalow for sale is renovated with large garden area for landscaping. It is fitted with Jacuzzi in the master bathroom.

Asking price: RM4,200,000.00

Interested please contact Vulcan Lau, mobile: +6 016 451 1321

Surrounding Property Mix & Amenities:

Tanjung Bungah is an established and fast growing area with abundance of amenities. Several schools can be found nearby are SJKC Pai Chai, SK Tanjung Bunga, SK Pendidikan Khas Persekutuan, Dalat International School and Tenby International School.

Besides schools, Beverly Hills is approximately 1 km away to Apple Tree Education Kindergarten, Air Force Professional School (SITU) and TAR College Penang. Furthermore, the neighborhood is within walking distance to Kuan Yim See Temple Mount Erskine. Other amenities are mosque, hotels and shopping malls – Straits Quay, Island Plaza,Gurney Plaza and Gurney Paragon within 10 minutes drive away.

Interested please contact Vulcan Lau, mobile: +6 016 451 1321 for details.

Bukit Minyak Industrial Park | Single Storey Warehouse/Factory BuildingFor Rental @ Bukit Minyak Industrial Park, Prai, Penang Malaysia

Warehouse/Factory Rental Malaysia | Penang Single Storey Warehouse/Factory Building For Rental: Prime location with attractive factory corporate office inclusive of warehouse/production floor for rent. Total lettable area is 93,535 sq ft. Fact sheet: (1) Easy accessibility & connectivity to Batu Kawan, Bukit Tengah, Butterworth sea port, dual highway inlet/exits(Juru/Tambun), 12km to Penang Bridge & 2nd Penang Bridge. (2) Floor loading: 2.5 ton per m2, 1000A power supply, sprinkle system installed. (3) loading/unloading capabilities with 3 dock levelers to cater for 1 toner to 40 footer container. (4) ceiling height min/max is 25 ft/33 ft. (5) ample car park. Asking rental RM1.30 psf nego. Suitable for: warehouse, logistic transporter, factory. Interested please contact Vulcan Lau, mobile: +6 016 451 1321 Surrounding Property Mix & Amenities: Bukit Minyak Industrial Park was developed by Penang Development Corporation (PDC) in the late 90's comprising over an acreage of approximately 1000 acres. This Industrial Park is segmented into Industrial Plots, Single-Storey Terraced Factories and Single Storey Semi-Detached Factories for Small and Medium-Scale industries. Among reputable Local & Multinational Industrial players to name a few are; Flextronics, High Ace Industry, Maxonic Marketing, Eagle & Pagoda Brand Medical Industry and Teik Senn Malaysia. Opposite this Industrial Park, across the Butterworth - Ipoh trunk road is the Small and Medium-Scale Industrial(SMEs) Region which was developed by Penang Regional Development Authority or commonly known as IKS Bukit Minyak Perda. Residential Housing Estates located nearby includes Taman Pulasan, Taman Markisah, Taman Sukun, Taman Bukit Minyak and Taman Sentul Jaya. Shopping, Marketing, Educational, Recreational Amenities and Public Facilities are readily available in the Town of Bukit Mertajam which is located approximately 8 kilometers to the North West of the Bukit Minyak Industrial Park. Interested please contact Vulcan Lau, mobile: +6 016 451 1321

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