It's the name of the commercial development at the small plot of land located at the southeast of Mellowood and northeast of Silver Square. There will be 102 units of shoplots.
This post has been edited by Jasoncat: Jan 15 2015, 05:08 PM
Boss, is it 2storeys shop lot, indicate price 1.4 mil above ?
Boss, if based on my conversation with them many weeks ago, it is 2-storey shop lot with high ceiling at the ground floor. Starting price should be near RM1.5M.
Just passby eco site today,really impressed with the entrance statement,feel wanna grab an unit bfore gst,may i know how much is the cheapest unit now?
Hehe... hard to be not impressed Currently "cheapest" available unit would be the DSL type 8A (20'×70'; 2173sf) in Merrydale precint. Price is RM7xxk. Go and grab it!
A lot ppl quite impressed inclusive myself. But also a few macam overly impressed but I keep it until upon 1 year after VP.
Friends visited Rimbayu sales gallery today to enquire more about Wisteria, the new stratified homes going to launch this Sunday.
When most of the buyers were told by sA that back of the house is a 10" garden, they heard most ppl there asking whther got as nice as Eco Majestic or not.
People start benchmarking against EM? I think this is somewhat not unexpected as EM was one of the most successful launch last year and the fact that it is the largest stratified township in Malaysia
I believe the market is also quite impressive with the masterplan and the landscape design of the township.
When the township has formed and matured, hope EM will be one of the benchmarks people will think about other than DPC
GST-exempt status for all residential strata units, but groups pushing for zero rating
Source: Malaysian Insider
All categories of residential strata property will be placed under the exempt supply list of the goods and services tax (GST), which means their joint management boards (JMBs) and management committees (MCs) need not register as GST-paying entities, property groups said today.
This recent decision by the Finance Ministry, however, also means that Putrajaya has rejected an appeal to classify maintenance fees and sinking funds paid by low- and medium-cost apartment residents as zero rated.
The ministry replied that it could not consider the appeal to be categorised as zero rated because JMBs and MCs of residential strata properties were regarded as entities engaged in conducting a form of business under the GST Act. The ministry, however, said that all categories of residential strata property would be placed under the exempt supply list.
Previously, only low- and medium-cost apartments were placed under the exempt supply list.
Being on the exempt supply list means that while JMBs and MCs did not have to register as GST-paying entities, residents cannot claim back the 6% they pay as GST for the services of their contractors, technicians and repairmen for the upkeep of their flats.
But the extension of the exempt supply list classification to all residential strata properties was a positive step and a "foot in the door" in pushing their case further for all types of strata units to be zero rated, said National House Buyers Association (NHBA) honorary secretary Chang Kim Loong.
Prior to this, all joint management boards and management committees of residential strata properties were placed under the standard rated supply list if their annual billing of maintenance and sinking funds exceeded RM500,000.
Being on the standard rated supply list meant that they had to register as GST-paying entities.
Chang said the property bodies were looking forward to a meeting with the ministry, expected to take place soon, to discuss the issues further.
Among these would be the plight of the low- and medium-cost strata unit dwellers who largely comprise of the working and lower-income class already struggling with the rising cost of living.
They would also be asking for all strata units – whether residential or commercial – to be classified under the zero-rated supply list.
This is because under the exempt supply list, although they do not have to register as a GST-paying entity, residents would not get a refund for the 6% input tax they would have to pay their contractors, technicians and repairmen for the upkeep of their projects.
This in effect, would mean that JMBs and MCs would have to increase maintenance charges in these developments by 6% in order to pay suppliers in the form of input tax.
Only goods under the zero-rated supply list can claim from the Customs Department the GST incurred through payments to service providers.
Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) adviser Wong Kok Soo said for the government, there was actually no difference between the GST-exempt supply and GST standard-rated supply because in the end, the government would still get to collect the 6% GST.
The only difference was whether this was though output tax or input tax.
Good news, i got the call from SA that the mgmt agreed to have 2 options for Tenderfield 2D buyers, u can retain the original layout or opts for larger living room with full 25ft width from front to the end . They ask us to sign the consent letter regardless of your choices. The SA said they need to guide us face to face in the show house to let us fully understand the modify layout. I'm so glad that EcoWorld take the flavourable move to the buyers. Thumbs up
Great! Hope this will be the win-win situation to all
Went to EM sales gallery to collect the gift box today. Saw quite a number of young couples and families there and the SA were all busy serving them. Seems that the public response to EM products still encouraging.
The BIG bear deco still there but has since been changed to CNY stuff. Nice
How to collect? Just walk in & mentioned your unit no. Or invitation card necessary ?
Purchasers will receive the post card and take that to redeem the gift box from EM sales gallery. If you have not received the post card, better check with the SA. You are purchaser right?