Us WOTP a BBB project?

Just realised any rental income for overseas buyer (i.e. non-residents) will be taxed at 26% flat rate... any tai kor can advice? Not sure if it's an attractive investment anymore given the high tax rate..

Really? I heard the lawyer muttered something about mall plan is going to affect Block E lower floor the other day while I was in SO. Bad news for those level 2 buyers huh..

The exchnage deal is either to swap with an available unit at upper floor or to book a bumi unit(as mentioned by Restful Boss for other bloks). No block exhange is allowed. Of course, one can walk away too.

It is recommended to give the EkoChera SA a call should you need their clarification/further details.

If you read Chinese, here is a reference article for you to choose which "apple"
http://property.sinchew.com.my/node/2340

Hope to see you deciding to join us.
Good luck.

This post has been edited by Jagalat: Dec 16 2013, 10:14 AM

I have no knowledge on tax for overseas buyer, can't offer any input.
Waiting for other taikors to advise...

You may refer to these links.
1) IRB
http://www.hasil.gov.my/goindex.php?kump=5...2&unit=1&sequ=1

2) Article dated Feb-2013
http://www.globalpropertyguide.com/Asia/ma...Taxes-and-Costs
RENTAL INCOME
Malaysia Kuala Lumpur taxesRental income is taxed at a flat rate of 26%. Income-generating expenses are deductible from the gross rent such as interest expense, cost of repairs, assessment tax, quit rent, and agent’s commission. Depreciation does not qualify for tax deductions against income, and capital allowances are not available for residential and commercial buildings.

Wow!
except point #4, ekocheras covers all other points wo...hurray!!

correction, ekocheras have klcc view too. thou my unit tak ada only......

Dont b overwhelm with feng sui..the mrt n mall will over ride it..

Thanks bro. That's pretty much what I've read so far but was hoping there's a way around it.. But thanks for your input

Captain Kor, point #4 is saying "with a nice and relax environment " wo...ekocheras...hmm...is a kinda urban lifestyle wo...

Analyst: GST, property bubble point to recession by 2016

English: http://www.malaysiakini.com/news/249473
BM: http://www.malaysiakini.com/news/249444

Any comment from all taikors here?

Signed SPA today, some sharing:
1. Only units on level 2 for block J, H and E are recalled
2. The re-designed mall contains air-con covered mall and non aircon street mall ( I like this concept a lot)
3. cineplex located in between tower H and E, above the 2-level shopping mall
4. 48 months contruction period is calculated from the date of signing SPA, not building plan approval date.
5. Liability period is 24 months after VP
6. still pending whether convert Tower N to hotel
7. the fund drawdown is upon "Completion" but not "commencement" of stages, it is a very good news for those who go for non-DIBS,
the 2nd 10% will be drawdown upon the completion of the fundamental and the 3rd 15% is the COMPLETION upon the structure construction of your parcel,
means 2nd 10% should be somewhere end of next year and 3rd 15% even somewhere in year 2015 coz they need to complete the mall first...very good...

Thanks for sharing.

3 malls (leisure mall, ekomall, cheras central) within such close vicinity... :rolleye:

If the latter two manage to pull the crowd, this area will be super duper ong

I personally pay very high expectation in Ekocheras, it contains all components and easier access compared with other 2 ..
Cheras central...hmm...feng sui problem...

Thank you for the great sharing, Superpigchan boss!!

Thanks for sharing

Wowwww.. so shiok lehh thank u for the info !!!!

EkoCheras indeed hit the jack pot! Bingo!