CMW boss, need your expertise, are the Soho of BlkJ and BlkH which are covered by HDA, considered as residential or commercial?
(understand that sovo / sofo are commercial
https://forum.lowyat.net/topic/2409418/+298)

Residential but the Custom guideline says SOHO subject to GST. Click below, go to 32) Property Developer and refer point 7 on Page 2.

http://gst.customs.gov.my/en/rg/Pages/rg_ig.aspx

Understand REHDA has appeal to Custom to waive all residential project from GST but have not see new black n white from Custom yet

This post has been edited by CMW123: Aug 18 2014, 04:41 PM

which also means Blocks J & H owners maybe subject to GST...

This post has been edited by soon9913: Aug 18 2014, 04:56 PM

Very unlikely. I didnt see any clauses in the agreement, it is silent on this.

http://www.thestar.com.my/News/Nation/2014...ion-by-April-1/

"Mok said if there was no provision in the agreement for such a tax to be passed on to the buyer, the developer would have to absorb it."

How many lifts at block E? Same as H n J?..

4 lifts at BlkE

http://propcafe.net/ekocheras-nanyang-prop...ocke_floorplan/

http://www.thestar.com.my/News/Nation/2014...MRT-CEO-Resigns
MRT Corp CEO resigns over accident....
Will the delivery schedule be impacted??

This post has been edited by Jagalat: Aug 19 2014, 05:40 PM

His resignation does not solve the problem.
He should stay and improve the control on compliance and security.

Off topic abit..I think mrt corp's ceo did the right thing.. as compared to mas' s.. but yeahh ekc huat ah !!!!!

I received a call from my lawyer to ask for Loan stamp duty.They provided a list of items totaled to RM2.7k

haha, suzana chasing everyone to pay legal fees. keep calling also

why keep calling? i thou all legal fees supposed to be absorbed by developer.

loan stamp duty

Yes. Legal fees of both SnP and Loan, are absorbed by developer (if using a panel lawyer).
Stamp duty and/or MOT(this one really "gau") are paid by buyers

This post has been edited by Jagalat: Aug 20 2014, 03:13 PM

Sounds like I am not alone.
Last Dec, during signing of loan agreement, I asked the lawyer on duty pertaining when to collect the Stamp duty fee.

She said the lawyer firm will call and inform. I guess the time has come for our batch.

This lawyer not so experience one...they should collect the stamp duty when signing loan agreement, right? It is already fixed at 05.% of loan amount...

If they are rushing to stamp the loan agreement means first loan drawdown soon?

http://www.focusmalaysia.my/Assets/Young-b...n-studios-SoHos


Young buyers not keen on studios, SoHos
By Joseph Wong
Friday, 15 Aug 2014, 12:11 AM



While property developers have become more innovative in creating purportedly affordable studio apartments, small office/home offices (SoHos) and other small residential units, first-home buyers or middle-income earners appear to shun such offerings.

Young buyers, it appears, are more discerning than is usually thought, though some put the blame on Bank Negara Malaysia (BNM) and the raising of the real property gains tax (RPGT).

Figures from the National Property Information Centre (Napic) show the number of property transactions has declined since 2012, roughly when developers began pushing for more smaller units.

In fact, last year’s drop of 10.9% (see table) has not been matched since 1998’s massive 32.3% fall due to the 1997 financial crisis. And industry observers expect this year’s sales to be lower too.

“Transaction numbers have dropped because of a tightening in loans [criteria] by the central bank as well as the higher RPGT. These have contributed to more unsold units,” says Malaysia Property Incorporated general manager Veena Loh.

Banks are quick to confirm that many loans that would previously have been accepted are now rejected due to BNM’s stringent new criteria, but they cannot explain why buyers are less inclined towards smaller units even though they can afford them.

“Some loans were given a lower margin of finance, so instead of 90-100%, some loans are 80% and below; and many first-home buyers are unable to come up with funds to cover the difference,” says a loan officer.

Another interesting info...
According to Napic, the number of property transactions has declined since 2012, roughly when developers began pushing for more smaller units....

Does this imply over supply in SOHO and smaller units to the market?

Depend on location and price...IMHO

http://www.starproperty.my/index.php/artic...for-dbkl-staff/

Picked from the article:
“So far, 144 units at Warisan City View, Batu 2 ½ Cheras and nine units at Abdullah Hukum Apartment at
Jalan Bangsar will be sold to DBKL staff,” Tengku Adnan said, adding that an additional 630 units
had been identified at PPR Pinggiran Bukit Jalil.
:

The units, which have a build-up area of 750sq m or 770sq m, will be offered at RM140,000 and RM145,000 respectively,
with the market price at RM235,000 and RM239,000.




Just curious....
Nowadays, can we still get (RM235,000 and RM239,000 for 750sq or 770sq) or (RM305psf to RM320psf) in areas like Warisan City View, Batu 2 ½ Cheras, Jalan Bangsar, Pinggiran Bukit Jalil??

If so, mind to share the project? (After telan, leave some bones for me-la)
[Non-bumi units, non-auction units]

Sorry for the offtrack...

This post has been edited by Jagalat: Aug 20 2014, 06:30 PM