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 need some opinion, and advice

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aaronpang
post Jul 1 2008, 02:42 PM

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From: Kuala Lumpur
Material costs already rise so there isn't much you can do about it... if you wanted to save on building materials cost you should have started construction earlier (at least a year back).

Or you could build a traditional wooden house without steel or cement... brows.gif (silly idea I know sorry).

Take the article with a pinch of salt, as a general rule of thumb it's true but you'll need to evaluate each property on a case by case basis.

The location of the property is important just because the article says apartment has better rental doesn't always ring true.

Also the smaller hill side plot could make it difficult to start construction, if the land is angled too steep the ground needs to be leveled. moneyflies.gif moneyflies.gif

There is also the risk the hill side might not be suitable for building construction and you can't get permission to build.

In addition because it's going to be rental for vacation etc the income stream might not be constant but fluctuating shakehead.gif

My money is with the larger plot hmm.gif or should I say your money teehee.

This post has been edited by aaronpang: Jul 1 2008, 02:45 PM
aaronpang
post Jul 1 2008, 06:51 PM

Cat Exterminator
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Senior Member
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Joined: Jan 2003
From: Kuala Lumpur
QUOTE(tinkerbel @ Jul 1 2008, 04:58 PM)
U also need to check with the authorities on license and permit to build a 2nd property on that same land.
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You're right it could be agriculture land... or something else... hmm.gif

QUOTE(ah_suknat @ Jul 1 2008, 05:46 PM)
do we need permission to build houses in own private land? rclxub.gif its a "geran besar" land, I don't know what it means. sweat.gif but my father says it can be sold to chinese as well that's why its expensive.
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First time I'm hearing of "geran besar", you sure it's an actual geran for the land and not TOL?

I remember long ago some folks in my kampong (JB) got scammed into buying TOL land thinking it will later be converted to POL laugh.gif laugh.gif

If you're in a city, town, or anywhere that has a Majilis Perbandaran you'll need permission to build a house.

Unless the land your land is deep in the jungle no roads, running water or electricity then by all means go ahead and build whatever you want tongue.gif

Better yet hire a lawyer to oversee the sale and perform due diligence before committing to purchase.

 

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