Many fake listing boss

What if I tell you I really have owners selling at 440k - 450k? Will you believe? 

Visited the place this morning and saw a very pretty european lady working out in the gym =)

Wonder where I can also get a tenant like that

When you purchase a commercial property from DEVELOPER, you are subject to GST because:
- The Developer is in the "business" of supplying Commercial Property units, and
- The Developer is a GST registered entity supplying a product that is subject to GST 

The 6% GST is charged on the purchase price, not the loan amount, and has nothing to do with the loan. The tax collected based on the amount collect on progressive payments made to the developer.

When you purchase a commercial property from the secondary market, the sale may or may not be subject to GST. The sale will be subject to GST only If the seller is:
- A property trader in the business of buying and selling properties 
- A GST registered entity

Please seek the advise of a professional tax consultant before making any decision. However after attending a few GST Seminars relating to real estate, the professional speakers have advised that Commercial Property transactions in the secondary market will only be subject to GST if the Seller is a "Property Trader" and a GST registered entity.

Summer suites came out with a 'wash hand' letter ...

No residential purpose... can anyone actually come after the owner of they actually decide to use it as residential...

Please la, what is illegal? As far as I know there is no law that prohibits people from staying overnight. Technically, hotel is also a commercial prop and not a residential one, also lots of people staying. Same with most shophouses. By the way, the whole of Malaysia full of the SOVOs and whatnots now...nobody really cares what its called, as long as it serves the investors intended purpose. No point arguing and picking on SS, btw I never see other similar props receive such comments.

yep.. i don't see the harm...
i also don't think the authorities will put out the time / effort to go through every single unit.

actually does this mean that all soho, sovo, or other types of small office cannot be used for residential?

Read this:

http://www.propertymalaysiainvestment.com/...al-development/

Basically, there won't be authorities coming in and making trouble? Why? It isn't illegal. Only downside is paying utilities and assessment at commercial rates. Other than that you can do what you want. If it was illegal then shophouses and whatnot would be raided for breaking the law since eons ago.

I hope we can move on from here on because its very tiring to see the same topic harped on again and again.

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50350 Kuala Lumpur, MALAYSIA

General Line: 03 2617 9000

Call Centre: 1 800 88 3255

Hi, Roy,

I am not harping on SS but the discussion happen to be here.

Service apartment- Sevice apartment is a different issue altogether. Service apartment is  property built on commercial land ,approved for residential use by the local authority, MBPJ, for example. Housing Ministry include this under HDA to protect home buyer's interest in 2007, as this is for "housing accommodation".

Office - when a project is approved as " office" by local authority, MBPJ, DBKL, for that matters, is not for residential use. There are different sets of requirements under the building by laws, or guidelines.

SOHO - Is another official hybrid, approved for commercial cum residential use. But, there are not many so called "SOHO" are officially approved as " SOHO" , especially those built some 10 years ago. As there is an element of residential in "SOHO", Housing Ministry has also include it in HDA.

There are also developer who intend to sell hotel rooms and managed to get APDL, but, again, whether it is legal? there are loopholes and local authority can only use the existing law to take action, or, create new one, if necessary , or only if they care to take action. We all know the sale of hotel rooms has been withdrawn. No guarantee that we won't have other similar case. Different issues, again.

I think we must know the difference between the role played and authority vested in Housing Ministry and local authority separately. I am not surprised Housing Ministry approved APDL for, hotel room, for example, but that doesn't mean that MPBJ / DBKL cannot take action, if they want to.

But then again, in reality, we are used to a situation where, " Didn't mention means can lor." Or "No action taken means can lor.". It doesn't matters really, we have lots of things happening without actions taken. It is up to the investor.

Just my 2 cents, for discussion sake.

Is it OK to rent out as residential when it is an office unit?
Are they any issues / problem so far ?