Is it the end for partition units?, Anyone heard more?
Is it the end for partition units?, Anyone heard more?
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Aug 9 2023, 11:52 PM
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#1
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It's a matter of time especially since it competes with hotels and also it runs contrary to the Madani government's aim of a more equitable housing market. Also, potentially, taxes are being evaded by these owners who don't declare their income properly. Thasmita, contagiouseddie, and 4 others liked this post
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Aug 10 2023, 03:03 PM
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#2
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QUOTE(Yveatel @ Aug 10 2023, 11:14 AM) Because it's never been enforced so often or reported as often until recently. Plenty of times "shoebox rooms" only become a problem if it's reported, or a tragedy occurs like a fire: https://www.malaysiapropertynews.com/2012/1...kajang-too.htmlWith the new government pledging to protect the rakyat more, citizens and enforcement both have a lot more boldness to actually take action. People are also pushing for more laws to protect tenant interests: https://www.freemalaysiatoday.com/category/...ords-govt-told/ |
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Aug 10 2023, 03:17 PM
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#3
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Aug 11 2023, 12:36 PM
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#4
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QUOTE(Kopi5263 @ Aug 11 2023, 12:05 PM) Nice strawman. Obviously if you put flammable materials next to fire hazards then is asking for trouble and invalid insurance 😅If the partitions prevent a clear escape route and is made of materials that accelerate fire spread, and cause smoke and carbon monoxide to accumulate much faster in the property than usual, then yes, it is a fire hazard. This is the major concern of having such illegal partitions because of the route of escape and the accumulation of smoke/CO that causes death by suffocation. Fire victims usually suffocate first before they actually get burnt. This post has been edited by DragonReine: Aug 11 2023, 12:39 PM painkillerz liked this post
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Aug 15 2023, 04:25 PM
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#5
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QUOTE(Kopi5263 @ Aug 15 2023, 08:47 AM) Hacking is subject to1) whether you've obtained permit to change building/unit structure 2) the walls you hack doesn't affect structural integrity of building/unit You go and cincai hack wall without permit, obviously can get into trouble. Same situation with illegally adding storey/extend balcony space/extend back kitchen etc. Get your paperwork in order with local council 1st. Adding partitions is disallowed by DBKL if it affects fire escape and/or it's used to sublet the unit out by rooms. This post has been edited by DragonReine: Aug 15 2023, 04:26 PM jojolicia liked this post
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Aug 15 2023, 04:40 PM
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#6
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QUOTE(Cavatzu @ Aug 15 2023, 08:56 AM) Where there were explicit hackable walls put in by developers then it isn’t as most likely it means you’re expanding a room rather than partitioning it. For anything else, it could be structural or having live wiring inside and you need to apply to management board with architect drawings. No point la unless you got some super prize of a unit. Don’t think this exists in Malaysia. Certain Msian developers do actually put in hackable walls for high rise (quite a number of Exsim projects for example) but IIRC such amendments still need approval for the change in layout with JMB/local council because not all walls can be hacked and sometimes not obvious. |
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Aug 16 2023, 05:27 PM
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#7
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It's rather telling that many posts are accusing the new rules as "elitists destroying livelihood" instead of acknowledging that such properties are 1) overpriced/future priced because of the bullish sentiment artificially inflated by partitioning and 2) young people are in fact struggling to rent rooms BECAUSE of poor wages, not "lack of cheap rooms" per se 😴
This post has been edited by DragonReine: Aug 16 2023, 05:28 PM |
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Aug 17 2023, 10:54 AM
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#8
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Aiya, Wetopia/Utopia etc. which are "organised" partitioned room managers would obviously have a biased view on things la
Rulings like these will severely eat their slice of the market share pie since they're middlemen charging management fees etc to profit off homeowners and tenants alike. |
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Aug 17 2023, 11:13 AM
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#9
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QUOTE(emino @ Aug 17 2023, 10:54 AM) My problem is dia guna the word downgrade, as if paying double the amount I pay for a house to live in master bedroom is such a premium lifestyle. Of course la, they want to maintain that "atas" image of renting out cheap units in prime location with 4 star facilities.Orang macam dia like to merendah2kan PPR and RumaWip, as if their exploitative alternative are way more attractive lol. Their schtick looks down on RumaWIP/PPR owners while at the same time encouraging RumaWIP eligible people to buy for investment to rent, instead of buying for genuine own stay or for traditional rent by room/house method. |
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Aug 17 2023, 03:13 PM
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#10
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QUOTE(gks @ Aug 17 2023, 01:58 PM) They cannot sell/get fat commission from rumahwip/ppr. There's actually no restriction against renting out for RumaWIP to local tenants, which opens up the system to abuse by prospective investors/buyers who haven't bought their first house. Most if not all of these gurus are pitching sublet with partitioned to enhance the yield with renovation and property management support to attract purchasers to purchase properties. if conventional rental, no way the yield and cashflow of these properties will make sense. Usually are unsold high end apartments that perhaps cannot attract own stayers. Quite a number of investors/room rental platforms mark some RumaWIP like J.Satine as "good investment" due to location. |
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Aug 18 2023, 05:22 PM
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#11
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QUOTE(Gadget_Freak @ Aug 18 2023, 03:44 PM) so means this management will not check for the existing units that partitioned which approved by them previously? The MO added the clause "previous approval is null and void" at end of letter in bold lah...and they will only check if they received complaints by other owners? Means any prior approved partition plans by MO is considered no longer valid. If the existing units get reported, the MO wash hands and won't take action to protect the owners or reimburse owners for any orders given by authorities like being forced to tear down the illegal partitions. The MO likely won't report directly but if questioned they'll probably just hand over prior info as proof. The MO also likely liable for approving such partitions to begin with. This post has been edited by DragonReine: Aug 18 2023, 05:25 PM |
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Aug 29 2023, 07:04 PM
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#12
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QUOTE(mroys@lyn @ Aug 29 2023, 03:22 PM) Capsules like these are hideously expensive to do unless you do in bulk to reduce material costs (like actual capsule hotels).I have seen some studio units that make a "duplex" concept to force extra floor space, sleeping on the bed means your nose/stomach touch ceiling dy. |
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Sep 12 2023, 10:44 PM
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#13
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QUOTE(Aldo-Kirosu @ Sep 12 2023, 07:55 PM) A semi-joke about how many of these room rental investors do not actually declare their rental income when filing taxes This post has been edited by DragonReine: Sep 12 2023, 10:44 PM jojolicia liked this post
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Sep 13 2023, 10:57 PM
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#14
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QUOTE(Aldo-Kirosu @ Sep 13 2023, 08:07 AM) Most of the time, owner was delgate to rental company for rental stuff. So both party need to declare tax else? For onwer I think they are not ready in huge profit because the cost is huge and new vped condo most of the time not profitable. The owner who owns the property and is renting out the property must still declare any rental income, even if they hired a third party to do the maintenance and management. The huge cost is the interest cost + maintenance sinking + assessment + renovation cost + repair cost etc. At first 5 year the interest cost of installment is around 70%+-. For those who hired a property management solutions company to actively and comprehensively manage their property, it'll be classified as Section 4(a) Business Income of Income Tax Act 1967. If they just passively let it out (collect money direct from tenant) without engaging property managers and without doing any maintenance services or support services (like cleaning services), it'll be under Section 4(d) Non-Business Income of the Income Tax Act 1967. Rental loss if it's business income can be used to deduct from Personal Income Tax or carry forward to absorb in the following year. If non-biz IIRC no need declare la Can read in depth here: https://www.iproperty.com.my/guides/rental-...ty-owners-46565 http://lampiran1.hasil.gov.my/pdf/pdfam/PR_12_2018.pdf But this is ultimately a complicated thing (as taxes are) and better to hire a tax expert. I'm just a dog on the internet barking about what I think I know Many investors think hiring a 3rd party to manage = no need declare, or if they collect money without providing services = no need declare. But their name is on the title deed, so as far as LHDN is concerned, they're involved 乁( •_• )ㄏ This post has been edited by DragonReine: Sep 14 2023, 11:05 AM |
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Oct 20 2023, 09:51 AM
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#15
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Shoplot in KL with 78 shoebox rooms raided
QUOTE These rooms were so narrow that one could only crawl in instead of walking in. They lacked windows, with a mere small hole in the wall in each room for ventilation. Each room was sparsely furnished, consisting only of a mattress, a pillow, a lightbulb and a power point. There was also a padlock on the door of each room. |
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Oct 20 2023, 09:53 AM
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#16
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Local Govt Ministry continues crackdown on 'bird's nest' rooms for rent
QUOTE The Local Government Development Ministry said checks found that some residential unit owners carried out renovations on their properties without seeking approval from the authorities. Premises owners must comply with the guidelines and specifications set by the Malaysian Fire and Rescue Department as well as the relevant local authorities to avoid the risks of fire hazards, he said, adding that action will be imposed to enforce legal provisions and protect the safety of lives and property. |
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