so when a developer says they give discount on a certain property, how much they mark up to cover that? and what is the margin like for a developer when selling a new property?

it is like investment. depend on the market price. not rely on their profit margin. if profit margin too low when follow market price, they rather not start the project.

Hi i am doing progress videos at langat 2 a few packages. Also prev did pahang selangor trasfer as well. Karak kelau etc. Which package ade you involved in?

orait, thanks, now having prob with approval from mbsa

lol 3 years ago post weh. im involved in design only haha

Hi all, I am planning to buy a sub-sale house (new but not lived in yet for 5 years) but upon viewing the home the first time, we found cracks that run in between ceiling and wall, what seems like roof truss uplift, and a damp spot on a wall. I am not good at inspecting or judging the severity. It's a 5 year old house anyway so I don't expect it stayed new.

My question is should I get a home inspector to look at the house before putting in booking fees? Any recommendation for home inspector in Melaka?

Perhaps you can check out Architect Centre for their services...not sure if they do have service Melaka though

Hi, heard that some contractors couldn't collect their final payment, is it true? If yes, how to prevent this to happen? Any steps to mitigate the risk? Thank you.

reason?

How much does a part-time project manager for just a terrace house pay ? This is just for renovation of a 24 x 75 house - extend the back portion - kitchen n back room. Vacant house - need to install iron grill, certain railings, install 6 fans n 39 lights, polish timber strips upstairs.

hey i have a piece of land (agricultural title if that matters for 60 years).

planning to build a ds detached on it.

Q1: do you know how much is the financing banks provide for construction loan? note: i already own the land. inherit from father.

Q2: how do we charge the house blue print plan? by sf size? im planning for a 3k sf house... how much per plan usually?

Q3: is it long for city council to approve my plan?

Q4. the land is 100 points. should i sub divide it after i build or build and subdivide? not planning to split the lane in 10 years to come...

Q5: how much is the construction cost for house 3k sf? per sf how much at current rate?

I don't think U can build houses on an agricultural lot; u need to apply to convert the land usage to residential. Else every developer will buy cheap agricultural and build houses and earn tons of money. residential land is so much more expensive vs agricultural land.

thanks for your response. the land is from my grandfather which is shared between 2 uncles and my father. just send the land to land surveyor to subdivide the land.. land surveyor says about 6 months. so after 6 months need to start plotting the house already. so i got 6 months to ask around for financing and things to be aware of before i proceed... my budget for the house excluding land is 450 to 490k.. below 500k. so i guess im looking at 40 50k design fees? plus another 10% dp on total cost of 500k.. so i need ready abut 100k am i right?

if not mistaken.. for commercial purpose the land has to be residential... but for agricultural land. u can have one house for dwelling purpose. i could be wrong tho. this is my understanding last time.. but im also thinking to convert agricultural to residential title. just now sure how much is the premium for the conversion of the title... i will have to clarify this with the land dept later

Don't think, look for the relevant regulations. According to National Land Code 1965, yes you can build.
Developer, on the other hand is bound by Housing Development Act, for any construction of more than 4 units of residential unit meant for selling.
Building only 20% of the entire plot or maximum 43,000 sf for a developer is hardly a profitable venture, assuming compliance to National Land Code.

http://www.kptg.gov.my/sites/default/files...IGITAL-VER1.pdf

Are you doing subdivision or partition?
When you do subdivision, a piece of land held under 1 title by 1 or more owners is separated into 2 or more pieces held under separate titles by the same original owners.
When you do partition, a piece of land held under 1 title by 2 or more owners is separated into 2 or more pieces held under separate titles by each owners proportionate to their share under the original title.

When you do either, you need to clearly demarcate on site plan the extend of the site boundary after the subdivision/partition. Then from that point on, will need to allow setback from boundary before deciding where to put your house.

Fees wise, 50k is consider very low, good luck on finding someone/a team to do all the works over 2 years or so and assuming lifetime liability. This is just not profitable for any architect and designer. That being said, probably there are people willing to do that. For works under 500k, the cheapest would be 10% from cost for architect. Then there are engineers too.

Since this is your own construction, there will be no down payment, but probably your bank which you take loan from might require you to deposit a certain % with them before granting you the loan.

Payment to contractor is based on architect's certificate for valuation of works done on site, and similarly they will need to deposit retention fund and performance bond with you upon award of project.

This post has been edited by 2387581: Dec 29 2017, 02:51 PM

When you do partition, a piece of land held under 1 title by 2 or more owners is separated into 2 or more pieces held under separate titles by each owners proportionate to their share under the original title. - im doing this. each owners take their fair share of the land i.e. 1/3 of the land... understand that once the surveyor has completed this, some land will be surrendered to govt as road and furnitures...

Rm50K architect fee to design a RM500K, possibly a double storey house ? Isn't that day light robbery ? Surely an experience architect has designed hundreds of houses B4, so can I choose from all the houses he has designed B4, and thus he has 0 design work to do - so can the fee be say RM200, as no work was done by him ?

This post has been edited by topearn: Dec 29 2017, 08:13 PM

Agricultural land is dirt cheap vs residential land, so if the developer can develop 4 grand bangalows and sell each for RM5m, with total sales of RM20m, surely the developer will make a tidy profit ? And he can buy say 10 plots of agricultural land and thus build 40 bangalows selling RM200m ?