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 Residential vs Commercial Title, Everything about it

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davkong
post Apr 9 2017, 12:25 PM

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QUOTE(propertymart @ Apr 9 2017, 12:11 PM)
I m looking to buy a service apartment ,
I will take residential loan , but the developer staff say is under a commercial land, but is under service apartment,

Can I know will I able to convert my TNB bill to residential rate?
Or water bill residential rate? Or quit rent / assessment ?
Anyone own a service apartment here could give some advice?

Strata title, under residential or commercial?
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Serviced apartment, commercial title under HDA.
TNB - Domestic tariff (A-013)
Water - as charged by the management. Initially we were charged minimum RM30 per month, later on reduced to RM15.
Assessment rate - 5% of nilai tahunan, not sure this is residential or commercial rate. Mine amounts to RM261 per year.

Hope this helps.

This post has been edited by davkong: Apr 9 2017, 12:26 PM
davkong
post Apr 9 2017, 12:54 PM

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QUOTE(propertymart @ Apr 9 2017, 12:45 PM)
Wow  notworthy.gif thanks for the information,

Assessment - 5% of NILAI tahunan ? Hmmmmm how u count your rm261?

How much is the difference Residential rate vs commercial rate for TNB? I m more concern about this

Btw how much is your usage for TNB?  hmm.gif  laugh.gif
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The amount is from the bill sent. RM130.50 every half yearly.

My TNB bill is around RM70 per month.
davkong
post Apr 9 2017, 01:21 PM

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QUOTE(propertymart @ Apr 9 2017, 01:17 PM)
Ada air conditioner tak? I assume tak Ada?

Is assessment count with property market value or? Area?
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With AC, daily AC usage 1HP about 4-5 hours only. Mine is 1100sqft apartment under MPSJ.
davkong
post Apr 9 2017, 10:17 PM

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QUOTE(noblebaby @ Apr 9 2017, 10:05 PM)
For this case, the loan is residential or commercial?
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95% loan as under DIBS 5/95 back then.
davkong
post Aug 16 2017, 09:52 AM

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QUOTE(harrie @ Aug 10 2017, 04:19 PM)
Hi Dav,

Can you tell the developer of your service apartment?

I'm looking to buy KLTS service apartment, its land is commercial title, under HDA. I'm kinda worry about water bill, electric bill, quit rent and assessment that might charge in commercial rate...

Or maybe any advice you can provide?

First time home buyer here.....
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It's SP Setia project.
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