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 Residential vs Commercial Title, Everything about it

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kenji1903
post Jan 6 2012, 11:19 AM

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QUOTE(Kokwm @ Jan 6 2012, 11:12 AM)
Residential titled developments have at most one/two shops only, whereas the commercial titled developments have the entire lower levels filled with retail shops.
I found this on TNB website.

http://www.tnb.com.my/business/for-commercial.html

http://www.tnb.com.my/residential/pricing-...riff-rates.html
Personally, I was told by serviced apartment Management Manager (Endah Promenade) that the serviced apartments are charged commercial rates.
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electricity wise, mine's residential rate, they made it clear upon purchase smile.gif
Kokwm
post Jan 6 2012, 11:23 AM

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QUOTE(kenji1903 @ Jan 6 2012, 11:19 AM)
electricity wise, mine's residential rate, they made it clear upon purchase smile.gif
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Good to know that this can happen on a case by case basis. Guess this needs to be clarified upfront before committing to purchase. Thanks for sharing thumbup.gif
katijar
post Jan 6 2012, 11:25 AM

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QUOTE(kenji1903 @ Jan 6 2012, 11:19 AM)
electricity wise, mine's residential rate, they made it clear upon purchase smile.gif
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who told u? got confirmed with TnB?
kenji1903
post Jan 6 2012, 11:42 AM

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QUOTE(katijar @ Jan 6 2012, 11:25 AM)
who told u? got confirmed with TnB?
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developer and condo management...
my tenant compared with another friend whose living in a residential condo, rates are the same smile.gif
katijar
post Jan 6 2012, 03:34 PM

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QUOTE(kenji1903 @ Jan 6 2012, 11:42 AM)
developer and condo management...
my tenant compared with another friend whose living in a residential condo, rates are the same smile.gif
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so no b&w... one day they realise and charge u back with interest ...
kenji1903
post Jan 6 2012, 06:22 PM

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QUOTE(katijar @ Jan 6 2012, 03:34 PM)
so no b&w... one day they realise and charge u back with interest ...
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not sure if its stated in S&P or any formal doc, should bother me much since i'm not staying there...
but good point... i'd better find the docs for reference smile.gif
benlaw
post Jul 1 2013, 05:15 PM

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hi want check is service aparment
is the rate for commercial higher or can convert to residential for the following?
•utilities – TNB, JBA, Indah Water and telephone
•Assessment (twice a year)
•Quit rent (annually)
anyone have some info to share?

instruder
post Dec 3 2013, 11:55 AM

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QUOTE(benlaw @ Jul 1 2013, 05:15 PM)
hi want check is service aparment
is the rate for commercial higher or can convert to residential for the following?
•utilities – TNB, JBA, Indah Water and telephone
•Assessment (twice a year)
•Quit rent (annually)
anyone have some info to share?
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The rate is damn high... Next year hike will make it worse...
Anyone know if the commercial rate can convert to residential...since most of the apartment is under commercial title these days....
kevyeoh
post Jan 16 2014, 04:20 PM

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hi all,

can anyone help me on how to identify commercial title vs residential title? how do I check and ensure my property is residential title before I buy it?
thanks.

ethan chong
post Feb 15 2014, 06:46 PM

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I just read this:
"Commercial Title is not covered by housing Act. You can't sue the developer if anything goes wrong. "
i read it from this blog

Is this true? Can someone clarify?
twincharger07
post Feb 15 2014, 07:42 PM

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QUOTE(ethan chong @ Feb 15 2014, 06:46 PM)
I just read this:
"Commercial Title is not covered by housing Act. You can't sue the developer if anything goes wrong. "
i read it from this blog

Is this true? Can someone clarify?
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This is what I call "know abit only but he think he know it all"
silent_stalker
post Feb 15 2014, 10:48 PM

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QUOTE(ethan chong @ Feb 15 2014, 06:46 PM)
I just read this:
"Commercial Title is not covered by housing Act. You can't sue the developer if anything goes wrong. "
i read it from this blog

Is this true? Can someone clarify?
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if im mistaken, service apartment is covered by hda since 2009 I think. SOHO, SOFO and all those other SO im not sure
silent_stalker
post Feb 15 2014, 10:55 PM

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QUOTE(benlaw @ Jul 1 2013, 05:15 PM)
hi want check is service aparment
is the rate for commercial higher or can convert to residential for the following?
•utilities – TNB, JBA, Indah Water and telephone
•Assessment (twice a year)
•Quit rent (annually)
anyone have some info to share?
*
^^^^

Any1 have any answer to this? I have been searching for any info on this for over a week. As the property is under construction, how to know this rates? My SA said its based on residential, but I dont want to rely on his word only without b/w. I dont think these stuff are stated in snp. Do pejabat tanah, TNB, syabas/indah water have info on this for properties under construction?
xl2778
post Feb 15 2014, 11:13 PM

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QUOTE(silent_stalker @ Feb 15 2014, 10:48 PM)
if im mistaken, service apartment is covered by hda since 2009 I think. SOHO, SOFO and all those other SO im not sure
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Depends on the developer. When you buy a SOHO, if u sign SPA with Schedule G / Schedule H. They are protected under HDA smile.gif

https://forum.lowyat.net/topic/1403625/+120
twincharger07
post Feb 15 2014, 11:23 PM

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QUOTE(silent_stalker @ Feb 15 2014, 10:48 PM)
if im mistaken, service apartment is covered by hda since 2009 I think. SOHO, SOFO and all those other SO im not sure
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its 2007.. SOHO yes.. other than that (SOXO) no..
eddiez_zz
post Feb 18 2014, 10:59 PM

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Hi,

Anyone could share with me in terms of the different in loan for commercial title property?

What are the major difference between the residential title property loan? Any specific things that I need to take note on the loan for commercial property?

Hope to get more feedback on this. Thank you in advance.
OldKidz
post May 11 2015, 04:28 PM

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QUOTE(benlaw @ Jul 1 2013, 05:15 PM)
hi want check is service aparment
is the rate for commercial higher or can convert to residential for the following?
•utilities – TNB, JBA, Indah Water and telephone
•Assessment (twice a year)
•Quit rent (annually)
anyone have some info to share?
*
Have anyone get answer for above question? Would be good if can share it out...
kabyss87
post Mar 28 2016, 12:12 PM

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QUOTE(OldKidz @ May 11 2015, 04:28 PM)
Have anyone get answer for above question? Would be good if can share it out...
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I once remember a LYN forumer did mentioned that as long as the project is under HDA Schedule H, it is confirmed that residential rate will apply despite the commercial title. However, he did not specify what are the reason so.

The Schedule H does not provide much clue that support his statement thou. A Gray area perhaps?

Come and share your thought on this interesting topic biggrin.gif
kabyss87
post Apr 11 2016, 08:40 AM

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Spoken with a Property Sales Team Leader for Kepong 5/ Kepong Square..

She mentioned that as long as the high rise are under HDA protection, utilities rate will be under residential automatically despite the commercial title.

She suggest that i check with TNB and Syabas to confirm her statement which she confidently vouch that it is true.


jinsailoo
post Apr 11 2016, 09:53 AM

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QUOTE(kabyss87 @ Apr 11 2016, 08:40 AM)
Spoken with a Property Sales Team Leader for Kepong 5/ Kepong Square..

She mentioned that as long as the high rise are under HDA protection, utilities rate will be under residential automatically despite the commercial title.

She suggest that i check with TNB and Syabas to confirm her statement which she confidently vouch that it is true.
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if i remember correct,

The utility bill can convert to residence,
but all residence have to sign a letter to apply for that,
content like verify that the unit is for residence use.
then TNB and syabas will convert to residence rate.



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