QUOTE(chewlee @ Apr 28 2014, 04:35 PM)
yes because of commercial title.Is SOHO Worth to Invest?, Is SOHO Worth to Invest?
Is SOHO Worth to Invest?, Is SOHO Worth to Invest?
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Feb 27 2015, 10:09 AM
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Sep 29 2015, 11:38 PM
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NOT all soho with HDA.
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Oct 1 2015, 05:20 PM
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QUOTE(xin @ Sep 30 2015, 10:10 AM) Im banker, i'm dealing with many type of SOHO is without HDA wording. There's no link i could provide, but i can specific out one of two soho that's consider as commercial max loan margin 85% and loan tenure max 25-30 depends with bank, one of the example is Cyberjaya The Place their SPA is without HDA wording, and not entitle for 95% loan margin 35 years tenure, Another one is COVA Square SOHO in Kota damansara also without HDA wording, So there's info in this discussion thread all SOHO is with HDA is mislead info which is not accurate. This post has been edited by ims2628: Oct 1 2015, 05:22 PM |
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Oct 1 2015, 05:24 PM
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Oct 1 2015, 05:51 PM
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QUOTE(xin @ Oct 1 2015, 05:41 PM) i took the liberty to find it out for you. Just look at the Housing Development (Control and Licensing) Act 2007 section 3A and then you will understand why. SOHO can be used for accommodation yes correct, but it doesn't means all SOHO is fall into HDA, it's depends with project and developer, even The place cyberjaya mainly all is used for accommodation but not office, yet it's still without HDA in their SPA.SOHOs are properties with commercial titles, but are also afforded legal protection from the Housing Development (Control and Licensing) (Amendment) Act 2007 (HDA). The Housing Development (Control and Licensing) Act 1966 Section 3A basically states that the minister may “from time to time, by order published in the Gazette, prescribe any type of accommodation to be a housing accommodation. In the event of any doubt as to whether a housing accommodation falls within the meaning of this Act, the Minister’s decision shall be final and shall not be questioned in any court”. In addition to this, according to Section 3 of the Act ‘housing accommodation,’ “includes any building, tenement or messuage which is wholly or principally constructed, adapted or intended for human habitation, or partly for human habitation and partly for business premises and such other type of accommodation as may be prescribed by the Minister from time to time to be a housing accommodation pursuant to section 3A.” This means that should the SOHO is used for accommodation then it will indeed fall into HDA, the examples that you mentioned is meant for the SOHO to use as office premises and workplace more than a full fledge residential hence these SOHO are not entitled to be included in HDA. |
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Oct 1 2015, 06:12 PM
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Apr 11 2016, 01:20 PM
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