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 New Property Update: Sabah, what you say? Review here

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TSkk81
post May 23 2019, 11:03 AM, updated 7y ago

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Many new projects in KK. From condos to landed, from KK to Tuaran.
Listdown and review it here for all..
TSkk81
post May 23 2019, 11:09 AM

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1. What is Home Ownership Campaign (HOC) 2019?

HOC 2019 is an initiative by the Government to address the property overhang issue in the country, and to further stimulate the housing sector. As such, the Government offers stamp duties exemptions on Instrument of Transfer and Instrument on Loan Agreement.
The Campaign is open to ALL Malaysian individuals.

2. What is the duration of the Campaign period?

The Home Ownership Campaign 2019 period is from 1 January 2019 to 30 June 2019.

3. What are the eligibility criteria for exemption?

The Sale and Purchase Agreement (SPA) must be signed within the Campaign period.
Exemptions are applicable only for residential properties (including serviced apartments) that are completed or under construction, and governed by the Housing Development Act with valid developer’s license (DL) and advertisement and sales permit (AP) and/or Certificate of Completion and Compliance (CCC).
Only residential properties in the primary market are eligible for the stamp duties exemptions, thus sale must be from a developer to a purchaser.
A minimum 10% discount must be given by the developer, provided that the residential units are not subject to Government price control.
The discount is given based on approved APDL pricing and must be reflected in the SPA.Eligible properties in Peninsular Malaysia must be registered with the Real Estate and Housing Developers’ Association (REHDA) Malaysia, while eligible properties in Sabah and Sarawak must be registered with Sabah Housing and Real Estate Developers Association (SHAREDA) and Sarawak Housing and Real Estate Developers’ Association (SHEDA) respectively.

4. What is the amount of the exemption on Instrument of Loan Agreement? Is it based on house price or loan amount?

The amount of exemption on Instrument of Loan Agreement is 0.5% of the loan amount.

This post has been edited by kk81: May 23 2019, 11:12 AM
TSkk81
post May 23 2019, 11:23 AM

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Jesselton Twin Towers

Nearby City mall, KPJ, Damai, Tshung Tsin Secondary School

I think is good to stay/invest

What you guys think?

user posted image
yeddy7 P
post May 23 2019, 11:23 AM

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QUOTE(kk81 @ May 23 2019, 11:03 AM)
Many new projects in KK. From condos to landed, from KK to Tuaran.
Listdown and review it here for all..
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Hi KK81, are you Sabahan? what is your thought on Sabah Properties? any good one to look at?? biggrin.gif biggrin.gif
lollipopkan
post May 23 2019, 11:31 AM

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QUOTE(kk81 @ May 23 2019, 12:23 PM)
Jesselton Twin Towers

Nearby City mall, KPJ, Damai, Tshung Tsin Secondary School

I think is good to stay/invest

What you guys think?

user posted image
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Very expensive, don't think it's worth it to invest.
TSkk81
post May 23 2019, 11:37 AM

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QUOTE(yeddy7 @ May 23 2019, 11:23 AM)
Hi KK81, are you Sabahan? what is your thought on Sabah Properties? any good one to look at?? biggrin.gif  biggrin.gif
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Yes, original Sabahan..hehe..Prices keep going up, yay..Depends on what you looking for..buy for investment/own stay/Airbnb. Let me know what's ur thinking, so that I can throw some opinions..help everyone can see more clearer pic
TSkk81
post May 23 2019, 11:39 AM

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QUOTE(lollipopkan @ May 23 2019, 11:31 AM)
Very expensive, don't think it's worth it to invest.
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Yeah, is kinda expensive. but depends how you think of it.
Bjorn1688
post May 23 2019, 12:06 PM

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KK properties are crazy expensive especially taking into account income levels there and the vast amounts of land still available.
doggmeister
post May 23 2019, 12:07 PM

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QUOTE(kk81 @ May 23 2019, 11:37 AM)
Yes, original Sabahan..hehe..Prices keep going up, yay..Depends on what you looking for..buy for investment/own stay/Airbnb. Let me know what's ur thinking, so that I can throw some opinions..help everyone can see more clearer pic
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where is the best location to buy for investment? i am thinking near mall, LRT or transport hub? what is typical cost for 2 bed condo and 4 bed landed house? whats the rental for each of these types

thanks!
TSkk81
post May 23 2019, 12:09 PM

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QUOTE(Bjorn1688 @ May 23 2019, 12:06 PM)
KK properties are crazy expensive especially taking into account income levels there and the vast amounts of land still available.
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very true..imbalance
TSkk81
post May 23 2019, 12:11 PM

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QUOTE(doggmeister @ May 23 2019, 12:07 PM)
where is the best location to buy for investment? i am thinking near mall, LRT or transport hub? what is typical cost for 2 bed condo and 4 bed landed house? whats the rental for each of these types

thanks!
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Do you want to do Airbnb? what's ur target group to rent? I can suggest u few hot cakes..
yeddy7 P
post May 23 2019, 12:22 PM

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QUOTE(kk81 @ May 23 2019, 11:39 AM)
Yeah, is kinda expensive. but depends how you think of it.
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In view of the kinda expensive price tag, how can we work around it for investment??
Any good recommendation for invest purpose?? biggrin.gif biggrin.gif
yeddy7 P
post May 23 2019, 12:23 PM

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QUOTE(kk81 @ May 23 2019, 12:11 PM)
Do you want to do Airbnb? what's ur target group to rent? I can suggest u few hot cakes..
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Airbnb is working well there?? biggrin.gif biggrin.gif
TSkk81
post May 23 2019, 12:39 PM

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QUOTE(yeddy7 @ May 23 2019, 12:22 PM)
In view of the kinda expensive price tag, how can we work around it for investment??
Any good recommendation for invest purpose?? biggrin.gif  biggrin.gif
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Find and invest low cost property nearby schools, hospitals.. U know their occupation, easy to get rental..
TSkk81
post May 23 2019, 12:42 PM

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QUOTE(yeddy7 @ May 23 2019, 12:23 PM)
Airbnb is working well there?? biggrin.gif  biggrin.gif
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Yes, they r doin good here.. Even got operator, looking for owner and rent jz for Airbnb

If u interested, let me know, I suggest u what condo good for it.. Near kk capital, sea view etc
icemanfx
post May 23 2019, 02:17 PM

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QUOTE(Bjorn1688 @ May 23 2019, 12:06 PM)
KK properties are crazy expensive especially taking into account income levels there and the vast amounts of land still available.
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There are many palm oil plantation owners in sabah, flooded with cash every month; they buy by floor or block even in HK. Thanks to these buyers and subsale vendors, price remain high.
Bjorn1688
post May 23 2019, 02:30 PM

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QUOTE(icemanfx @ May 23 2019, 02:17 PM)
There are many palm oil plantation owners in sabah, flooded with cash every month; they buy by floor or block even in HK. Thanks to these buyers and subsale vendors, price remain high.
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Wonder why they buy properties rather than forex/stocks/money games??
TSkk81
post May 23 2019, 02:34 PM

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QUOTE(icemanfx @ May 23 2019, 02:17 PM)
There are many palm oil plantation owners in sabah, flooded with cash every month; they buy by floor or block even in HK. Thanks to these buyers and subsale vendors, price remain high.
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Nowadays not so good price.. For those have own land still ok, but those rent, not so optimistic
Harry_Bobinski
post May 23 2019, 02:38 PM

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QUOTE(edyek @ May 17 2011, 02:52 PM)
Sabah property escalating price is geared by those oil palm estate owners and foreigners.

Not forgetting those Sabah Native selling their ancestor land to the developer over price, thus contributing high land cost to new development.

Apartments development are getting more and more these days due to rural people coming in to reside in Kota Kinabalu, and other than buying low cost house their only choice is apartment.

If one intends to go for cash flow, buy apartments. Medium cost apartment gives good cash flow.

For appreciation purpose, buy terrace house with good or potential locality.
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Think this still applies. But I am unsure if this still is true.
TSkk81
post May 23 2019, 02:40 PM

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QUOTE(Bjorn1688 @ May 23 2019, 02:30 PM)
Wonder why they buy properties rather than forex/stocks/money games??
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Different school of though, property see profits in long run.. Insurance cover if anything happen.. Why nothryt?

They r investor nit trader
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