• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.
Status
Not open for further replies.

cathylmg

Alfrescian
Loyal
Since Temasek is involved with RM3 billion worth of developments in Medini(their money is at stake if crime rates are high), I think getting them to voice out to Malaysia's government would be a thousand times more powerful than 1000 signatures from us common folks. What do you guys think?

Doable! :smile:
 

cathylmg

Alfrescian
Loyal
I'm just wondering if there is anything like an "Investors' Association" over here. Although not everyone considers himself an "investor", as long as you purchase a property here you can be considered an investor. If we have an Investors' Association with 1000 members holding property amounting to a total of RM1 billion then that can be quite a voice. But even with just 10% of that magnitude, it is probably substantial enough to represent a voice to speak to IRDA. The significance is, IRDA would feel some threat of publicity.

If there is anything that can be achieved, it will have to be via IRDA as main stakeholder since their masterplan need to succeed. But this needs to be done carefully as we don't want PAP to be clapping hands and glorifying themselves there.

How about via Singapre Commission in City Square? Better?
 

Analytical Professor

Alfrescian
Loyal
These are the kind of methods i am thinking of as well via MFA, High Commission, Investors Association/Singapore Residents in JB association, etc.

However Wuqi suggests people who wanna complain must leave it at the Causeway.

To me i dun think i am complaining. I would do this even if i was a Malaysian. Just cause i am living in a third world country or am a third world citizen does it mean i have to put up with crime?

The very fact that traffic lights were installed at SETIA TROPIKA muslim food junction AFTER i spoke to Setia Tropika RC and MBJB means action will be taken provided we do something about it. Not leave our ideas at the Causeway

Lets look at it positively. How we can band together and do something for ourselves... Not just criticise every idea that may sprout up. That would make us PAP forum.

Look at Skippy. He is working so hard on trying to form a group of like minded people. Its a start...

So we need to start somewhere somehow.... I dun think i wan anyone of us to be the next victim.


How about via Singapre Commission in City Square? Better?
 

Analytical Professor

Alfrescian
Loyal
There you go.... What i have been saying all along.......

By Bill Tarrant
PUTRAJAYA, Malaysia | Thu Jul 7, 2011 10:31am IST
SPECIAL REPORT - Malaysia's dilemma: Can it reform and discriminate?

(Reuters) - Dr. Mahathir Mohamad sits at a vast desk cluttered with work, hands clasped before him and looking at his visitors with a slight smile.

Dr. M, as he is popularly known, was prime minister of Malaysia from 1981 to 2003, the first commoner to ever hold the post in a land with nine sultans. His demeanor suggests the country physician he once was, ready with a frank diagnosis -- and in his first interview with the foreign media in five years, he doles out prescriptions for what ails his nation.

The man who made Malaysia part of the "East Asia Miracle" with a massive inflow of foreign direct investment doesn't think much of it today. The former miracle economy, now a muddle needs a new policy direction, he says in his office in Putrajaya, the administrative capital he built on old plantation land in the 1990s.

"We should not be too dependent on FDI anymore," says Mahathir. "We've come to the stage when locals can invest. They have now the capital. They have the technology. They know the market. And I think they can manage big industries."

His thinking is at odds with government policy. But it gets to the heart of a debate over the future of Malaysia, a former emerging market star now in danger of becoming an also-ran, stuck in the dreaded "middle income trap."

Foreign investment has been dwindling since the onset of the 1997-1998 Asian financial crises. Capital outflows have even exceeded inflows in four of the past five years. This has been accompanied by an alarming "brain drain" of emigres voting with their feet against Malaysia's prospects.

Malaysia is counting on foreign investment to provide a quarter of the investments needed to fund projects under its "Economic Transformation Programme," which aims to turn the country of 28 million into a fully developed nation by 2020.

That comes to an average of more than $11 billion a year, compared with an average of $3.1 billion since 1997 -- by any measure an ambitious target.

The challenge is vastly more complicated by the exodus of talent that hits directly at Malaysia's aspiration to become a high-income nation focused on knowledge-based industries.

"For Malaysia to stand success in its journey to high income, it will need to develop, attract and retain talent," the World Bank said in a March report. "Brain drain does not appear to square with this objective: Malaysia needs talent, but talent seems to be leaving."

The rise of China and India in the region has overshadowed the export-dependent "Tiger Cub" economies of Southeast Asia, all struggling with their own reforms. Thailand has been at a dangerous political impasse for six years. Indonesia is consistently ranked as among the world's most corrupt countries. The Philippines is battling long-running insurgencies.

Yet Malaysia does not compare well with its peers in the eyes of investors. A March report by Bank of America Merrill Lynch ranked Malaysia the second least popular market after Colombia among global emerging market fund managers and tied with India for least favourite among Asia-Pacific managers.

A chief difficulty is the nation's balky affirmative action programme.

Ethnic Chinese account for most of the brain drain. The reason 60 percent of them gave for why they moved out of the motherland was "social injustice", a World Bank survey says.

They are referring to the "Bumiputra" (sons of the soil) policy that discriminates against Chinese and Indians, who account for a third of the population, in favour of majority Malays for all kinds of things -- places in universities, jobs, shares in companies, home mortgages, and government contracts.

The government acknowledges the policy has been widely abused, with Malay front men offering their names to Chinese businesses to obtain government contracts, an arrangement known as "Ali Baba", after the character in Arabian Nights who gains entrance to the treasure cave of the 40 thieves with the magic words "Open Sesame".

Prime Minister Najib Razak has launched a new edition of the policy called the New Economic Model that is meant to correct the inequities, mainly by making preferences need-based and not race-based. But as the World Bank report noted, "limited headway has been made on this front."

It is certainly not popular with the rank and file Malays in Najib's UMNO party.

Making significant reforms to the system is crucial to Malaysia's aspirations, but any rollback of privileges for the majority is a big political risk for any government that tries it.

It is the Malaysian dilemma.

THE IMPOSSIBLE GAME

Idris Jala, the minister in charge of greatly boosting investment and wooing back emigres under the Economic Transformation Programme (ETP), calls it the impossible game.

He is an unlikely character in the Malaysian Cabinet, a Christian from the Kelabit tribe in Sarawak on Malaysian Borneo who spent most of his career running companies, including the Malaysian unit of Royal Dutch Shell and Malaysia Airlines.

"I am a true believer that real transformation goes hand in hand with the game of the impossible," Idris says in an e-mail interview. He sets impossible targets, is "very directive" and pushes his team constantly "to do the right things, but differently" until they are finally "one step ahead of you".

"When you do transformation, you cannot achieve big results by democracy," he notes.

The ETP aims to attract 1.4 trillion ringgit ($466 billion) by 2020 in a dozen broad industries. Only 8 percent of that will come from the government, which has long dominated the economy, either directly or through government-linked firms. Idris disclosed to Reuters that foreign investment will account for 27 percent of the total.

He wants to climb the value ladder in the targeted industries.

Take birds' nests, for example. Nests made with the saliva of swifts have been collected for centuries from huge limestone caves in Idris' home state of Sarawak to make the most expensive soup on earth. Processing them would give Malaysia a bigger chunk of a global market worth $3.3 billion, he said.

Foreign investment will also provide many of the 3.3 million jobs that will be created under the ETP, whose over-arching goal is to raise per capita income to $15,000 from $6,700 in 2009.

A challenge will be to upgrade skills in a labour force long geared to basic manufacturing and plantations, attract foreign talent, and try to reverse some of the "brain drain." About 700,000 Malaysians work abroad.

A new agency called "Talent Corporation" has been given this task, offering tax breaks for Malaysians to return home and easing visa restrictions for foreigners.

But the shift from low-cost manufacturing and plantations to more knowledge intensive work needs to take place in an environment where creativity and freedom of inquiry can flourish to draw talent and investment. The Malaysian model of ethnic preferences has not been conducive to that.

MEGA-PROJECTS

Mahathir remains a towering figure. In public forums and in his blog, he is a scourge to the government of the day, influential, for instance, in forcing the early retirement of his anointed successor, Abdullah Badawi. But while he's a critic of his successors, he is a strong defender of the Malaysian system he built.

Mahathir came to office as the foremost champion of Malay privileges. Under his administration, the "Bumiputra rules" led to a mingling of politics and business that largely benefited a coterie of Malay and Chinese businessmen.

Huge government building projects kept the contracts flowing and the political machine running. Mahathir says as much in the interview, citing the slowdown in big projects as the reason for the steady attrition of Chinese support for his successors in office.

"What is happening is the Chinese feel that in the economic area, the business area, they are not receiving the kind of benefits they got during previous times," he said. "The moment I stepped down, all the projects were stopped ... When you stop big government projects, a lot of people -- well, their businesses will go down."

In March, Mahathir published an 809-page autobiography, "A Doctor in the House." His main motivation in writing it was "to make corrections of the opinions and the accusations that were leveled at me" -- especially that he systematically undermined the judiciary.

It is the biggest stain on his record. He authorised the arrest of his deputy and heir apparent, Anwar Ibrahim, on sodomy and corruption charges after the two men fell out over how to handle the Asian financial crisis. The trial was denounced in and out of Malaysia as a farce that called into question the rule of law.

The financial crisis and Anwar's conviction marked a watershed. Foreign investors became wary about Malaysia and a country once a haven for foreign investment was shunned.

"Ten-twenty years ago, Malaysia was it," said a regional president of a European-based distribution company. "But then came 1997 and the rule of law was exposed for what it was. We once looked at Malaysia for a regional headquarters but rule of law and the bumi policy made us choose Singapore instead."

Mahathir retired in 2003, but Malaysia has yet to inspire confidence again. Economic growth has fallen along with investment, averaging 4.6 percent in the decade that ended in 2010 from an average 7.2 percent in the 1990s.

FIELD OF CYBER DREAMS

Putrajaya is a monument to Muslim Malay culture. Graceful minarets and gleaming blue domes dominate the skyline and a bridge across an artificial lake was inspired by the famous one in Isfahan, Iran. More than 90 percent of the residents are Bumiputras.

Across Putrajaya lake from Mahathir's office is a curious community of knowledge workers called Cyberjaya. The town is a place where the contentious "bum rules" do not apply.

Cyberjaya (cyber success) is home to about 500 IT companies and two universities. It has a daytime population of 41,000 but only 14,000 fulltime residents sleep there overnight. This town is filled with futuristic-looking buildings but has few residential neighbourhoods and little in the way of amenities, not yet anyway.

Cyberjaya was one of Mahathir's last big projects. It was to be Malaysia's answer to California's Silicon Valley, the key difference being this one would be a ready-made town, built on old plantation land, in hopes technology innovators would come.

Cyberjaya offers foreign investors a waiver of the "Bumiputra" rules that require equity stakes and employment for ethnic Malays. It also guaranteed the Internet would not be censored, in a country that kept the media on a tight leash.

Cyberjaya was part of a grand plan to avoid the emerging market middle income trap Malaysia was falling into because it could no longer compete for manufacturing jobs, especially with China.

Then the financial crisis hit and Mahathir's response spooked potential investors. Blaming Jewish conspirators for the crisis, he imposed capital controls to stop short-selling of the ringgit. Anwar was arrested the day after that.

Some $30 billion in portfolio investment fled Malaysia in 1997; most of it has yet to return. Key foreign investors scrapped plans for Cyberjaya and for years Malaysia struggled to woo them back. The effort now appears to be bearing fruit.

Last October, Hewlett Packard (HPQ.N) launched a multi-purpose client servicing center in Cyberjaya, the single biggest investment by a technology multinational in Malaysia. HP said it would provide 4,000 jobs. It joins Dell, DHL, IBM, Fujitsu, Nokia and DoCoMo among others in the 29-square-kilometre town.

Since 2009, Cyberjaya has attracted 7.12 billion ringgit ($2.37 billion) in investment, compared with a total of 4.62 billion ringgit in the previous 11 years.

Success has given Hafidz Hashim, managing director of Cyberview Sdn Bhd, the town's developer, a new problem.

"Entertainment," Hafiz said when asked what his "citizens" want the most. He is known as "the mayor of Cyberjaya because his company acts as both builder and city manager.

More than half the projected investment over the next three years will be for residential property, Hafidz said in an interview. Cyberview has already built a community center and clubhouse and plans to build a huge entertainment complex, along with more shops and restaurants.

It is far from Malaysia's answer to Silicon Valley, though. Cyberjaya is home to server farms, data storage facilities and client service centers, the low end of the Internet economy. There is little in the way of R&D underway.

Arvin Singh, 22, has just quit his job at the HP plant because he was "constantly doing the same thing over and over again" and not growing on the job. Most of his co-workers were content to remain in this "comfort zone," he said.

"But one must constantly work to expand one's knowledge," Singh says, adding he plans to study overseas to get further qualified.

Hafidz said one of his biggest challenges is meeting the skills companies in Cyberjaya need, and which Malaysia's education system is not providing. He has set up a "Knowledge Workers Development Institute" where companies can send workers for training and on-the-job training programmes.

Cyberjaya's success after a sputtering start has inspired similar projects in the country.

The most ambitious is one emerging just north of Singapore called Iskandar Malaysia. It will eventually be a metropolis three times the size of Singapore with theme parks, international schools and colleges, hotels and hospitals, a movie studio, a financial centre and luxury homes. It has attracted $23 billion in promised investments, nearly half from overseas.

Iskandar is one of five "economic growth corridors" Malaysia is developing with incentives to foreign investors. They are, in effect, investment zones ring-fenced from the mainstream economy where business and politics have long entwined.

FEAR FOR FUTURE

Months after Mahathir took power in 1981, a Malaysian Chinese banker packed up his family in the southern city of Johor Bahru and moved to Singapore. He had grown uneasy about the future as Mahathir took an increasingly interventionist approach to the economy and ramped up the affirmative action policy.

Those uncertainties have only increased for a Chinese community that abandoned the ruling National Front coalition in the 2008 general election and are now deserting the country in ever mounting numbers. The World Bank said the Malaysian diaspora has quadrupled over the past three decades.

"People are unhappy about the way the (policy) has been exploited, the way it has degenerated into some kind of apartheid policy," said the banker, who requested only his surname, Lee, be used.

"They say come back, we'll give you tax breaks. But when you move back, you're not talking just about your career, but your children's future. And it's this perception of uncertainty that holds them back. They feel the society they have moved to is more assuring that the one they came from."

Lee's son, a medical doctor, said the overseas Malaysian Chinese community has now become anxious about the growing force of political Islam. Last year, 10 churches and two mosques were desecrated after a Malaysian high court ruled Christians could use the word Allah for God in their literature.

"A lot of people are now worried about a hyper-religious government taking power, and then all that they worked so hard for goes up in smoke."

Kalimullah Hassan, former Group Editor of Malaysia's pro-government New Straits Times publications, understands their anxiety.

A Bumiputra himself, Kalimullah worries about the emergence of right-wing politicians trying to win back Malays, nearly half of whom voted for a multi-ethnic opposition coalition headed by Anwar Ibrahim in 2008.

"To unite the Malays, they raise the bogeyman - other races, specifically the Chinese and foreigners who are supposedly out to displace the Malays in their own homeland - and in doing so, they've upped the ante in race relations," Kalimullah says.

The politics of patronage is no longer working because there isn't enough largesse to spread around in a country whose population has nearly tripled since 1970 and with capital inflows and growth slowing, Kalimullah says. What Malaysia needs now more than ever is the meritocracy Prime Minister Najib has proposed in his New Economic Model. Otherwise its human capital will be stunted, he says.

"In the mid-to-long term, Malaysia is going to be left further behind by a world which has already realised that human capital is its greatest asset."

(Additional reporting by Razak Ahmad; Editing by Mike Williams and Neil Fullick)
 

Analytical Professor

Alfrescian
Loyal
Buying residential property in Malaysia — Aileen Han
July 08, 2011
JULY 8 — There is growing interest among Singaporeans in investing in residential properties outside the country following the fourth round of property market cooling measures announced in January.

The measures include increasing the holding period for the imposition of seller’s stamp duty to four years and lowering the loan-to-value-limit to 60 per cent on second and subsequent mortgages.

With a bullish Singapore dollar, favourable financing terms, geographical proximity, similar culture and background and, most importantly, family ties, Malaysia remains one of the top favourite property investment destinations for Singaporeans.

To help first-time investors, here are some things you should know about buying a residential property in Malaysia.

Know the type of property you can own

Malaysia allows foreigners to own an unlimited number of leasehold and freehold properties, subject to state consent. However, some are prohibited:

• Properties valued below RM500,000 (S$203,760)

• Land or properties with “Malay Reserved” status

• Agricultural land (unless above five acres and for commercial purposes)

• Properties assigned under Bumiputera quota

Market research

The Internet is a boon. So start your journey by finding out about the developer. Is the developer reputable, in strong financial standing and regulated by the government? Established developers are more likely to see through the progress of a project successfully, financial crisis or not.

If you find the price too good to be true, chances are the Internet will tell you why. Sieve through the clutter and learn from those who have gone through the pain.

Determine your budget and know yourself

While market research helps in making informed investment decisions, it is also crucial that investors know themselves.

Ask yourself the following questions:

• What is my budget and what are the financing options available to me? Malaysian banks offer as high as 90 per cent financing, so with a minimum 10 per cent outlay, you will be able to own a property quite easily. The question is: when do you start servicing your loan?

At property launches, developers often offer the Developer Interest Bearing Scheme (DIBS), which means it will bear the interest payable to the bank. So, besides the 10 per cent upfront downpayment, you would not have to pay anything until the date of completion.

But once the property is at an advanced stage of construction, DIBS is no longer offered and you will have to start servicing your loan. Some developers also absorb legal fees for the sales and purchase agreement, loan agreement and stamp duty. Combined, these can be great savings for many, so be sure to ask.

• How much do I have as buffer? The property price aside, you need to set aside some money for legal fees, documentation, monthly maintenance fees, renovation/furnishing costs, annual taxes, etc. In some cases, you may even need to start servicing your bank loan interest.

• What is the purpose of this purchase? Is it a short-term flip or part of a long-term plan that may see it becoming your home during retirement?

• Where am I right now? While risk tolerance is a key factor in an investor profile, so too are an individual’s personal circumstances.

Where an individual is at different stages of one’s life greatly influences the risk/return decisions that are made.

If you are young, chances are you will be in the accumulation cycle (building a home, starting a family, saving for an emergency fund, etc), you should focus on relatively high-risk, high-return and capital-gain oriented assets. However, if you are in your mid to late stages of your career (consolidation cycle), your priorities will change.

By knowing who you are and what you can afford, you are taking a calculated risk to arrive at a better decision.

What are the hidden costs?

Taxes are always a concern for foreign property buyers and the situation in Malaysia is no different than anywhere else.

There is a real property gains tax of five per cent imposed on capital gains of a property that is sold within five years from the date of purchase (the date of the sales and purchase agreement). Property owners are also required to pay the annual minimal quit rent (“Cukai Tanah” in Malay) and the twice-yearly assessment tax (“Cukai Pintu” in Malay) on their properties. The non-resident individual tax rate is 26 per cent and rental income is subject to the same tax rate.

Site visit

Once you have shortlisted your choices, a site visit is key to making the final decision. If the property is yet to be built, walk the streets, speak to locals and find out about the prospects of the area. If the property is in the process of being built, you are in a better position to assess the quality of the building materials, furnishings, specifications, etc.

Update yourself on developments to fully understand the upside potential of the investment. With the Economic Transformation Programme (ETP) in motion to transform Malaysia into a high-income nation by 2020, some areas may be gazetted for future developments (such as railway systems) so it is a good time to ensure the property of your choice withstands the sands of time. — Today

* Aileen Han is country manager for E&O Property (Singapore), part of Malaysia-listed real estate developer E&O Group.
 

Investor

Alfrescian (Inf)
Asset
How about via Singapre Commission in City Square? Better?

I'm just wondering if there is anything like an "Investors' Association" over here. Although not everyone considers himself an "investor", as long as you purchase a property here you can be considered an investor. If we have an Investors' Association with 1000 members holding property amounting to a total of RM1 billion then that can be quite a voice. But even with just 10% of that magnitude, it is probably substantial enough to represent a voice to speak to IRDA. The significance is, IRDA would feel some threat of publicity.

If there is anything that can be achieved, it will have to be via IRDA as main stakeholder since their masterplan need to succeed. But this needs to be done carefully as we don't want PAP to be clapping hands and glorifying themselves there.

1) Eg Get a letter signed with signatures of Singaporeans and make a representation to the King/Menteri Besar/Police Chief whoever can make a difference. Notice the king stepped in for the Bersih 2.0 rally? If they also sat and did nothing Najib would not have changed. But now the king had to intervene and Najib had to give in. Similarly if we do nothing then crime just wont disappear.

Bro AP, please do something about it since you feel so strongly,i think petition to IRDA would be a good first step followed by what you suggested.

Since Temasek is involved with RM3 billion worth of developments in Medini(their money is at stake if crime rates are high), I think getting them to voice out to Malaysia's government would be a thousand times more powerful than 1000 signatures from us common folks. What do you guys think?

Everybody's ideas are good and valid, we can actually combine the ideas. Our ultimate aim is to create some pressure on the Malaysian government, no matter how small(at least we tried), to improve the safety of Iskandar region.

Attracting mega foreign investments into Iskandar Region is Malaysian Government's big ambition. (Let's call the Malaysian Government 'ABC company')
IRDA is a Malaysian Federal Government Statutory body tasked with the objective of developing Iskandar Region. (Let's call it the 'employee' of ABC company)
Mega foreign investors like Temasek, Mubadala, Kuwait Finance House and Saraya have big investments in Iskandar Region. (Big customers and stakeholders of ABC company)
All the rest of us. (Retail investors)

1) We can start with AP's and Lemans's suggestion of gathering the retail investors, anyone who bought a house in Iskandar Region is an investor.
2) Instead of submitting our "customers' feedback"(Not 'complain' but valuable feedback) directly to ABC Company, we submit our feedback to their big customers and stakeholders. Our voices will be very much Amplified if it were to be submitted to ABC Company thru the Big Boys. The Big Boys will submit it because our concern is their concern, since they have committed big investments in Iskandar Region.
3) We also submit our feedback to employees of ABC Company like IRDA(as suggested by Wuqi and Lemans), Khazanah, UEM Holdings etc. Plus other foreign authorities like Embassies etc(as suggessted by Cathy). Anyway, we just submit the feedback to whoever we think can amplify our voices.
 
Last edited:

congo9

Alfrescian
Loyal
Old timers , just like to find out.

I like to go for a treatment for my eyes. Is there any reputable eye specalist around the Johore area ? In singapore , i would need to pay around $5K for sugery (not counting the medicine, before/after care and consultation) to get the eyes condition fix.

If you guys come across , please let me or drop me the info :

[email protected]
 

ginfreely

Alfrescian
Loyal
Years back we moved in to stay with our in laws in SG... there were lots of centipedes. I recall Costa Del Sol was also full of centipedes when it first TOP. At my in laws house, we basically killed 30 to 50 centipedes everyday for a few months. Finally they stopped to appear :smile:

Hmm Costa Del Sol is highrise also got centipede...is your in-laws unit on the ground floor? I went to view their actual unit showflat when they first TOP and many vacant units. The sea view is very lovely but can't open the window as the noise from expressway is high.
 

ginfreely

Alfrescian
Loyal
Yeah I agree with the shoot to kill policy if the criminal is holding guns or very aggressive towards the law enforcers. Somehow in KL, local police have been alleged to be trigger-happy.. even shooting teenagers in cars dead at one time. It cause a big hoo haa in KL and I think the policeman involved was sacked and charged.

Yeah must shoot to kill any criminal who holds hostage straight away, this is the lesson learnt from HK tourist in Philippine case.
 
Last edited:

ginfreely

Alfrescian
Loyal
Bring receipt to the TESCO customer service counter for redemption (located on the right hand side of the main entrance, next to the trolley station).

I do not know if this redemption will go on indefinitely or just for promo period.

My last redemption was last week. :smile:

Thanks for the info, will try out the next time i visit. Yeah could be a promo only since the Tesco KSL is just opened not long ago.
 

ginfreely

Alfrescian
Loyal
Long back i said that we must gather together and do something as one team even it it means just a representation.

Some agreed with my idea.

But many thumbed down the idea.

So when we do nothing.... i guess "Crime will disappear":rolleyes::rolleyes::rolleyes::rolleyes:

Yee this time round where are the dissenting voices? Hehe you have 100% go!
 

arsenal

Alfrescian
Loyal
Buying residential property in Malaysia — Aileen Han



Taxes are always a concern for foreign property buyers and the situation in Malaysia is no different than anywhere else.

There is a real property gains tax of five per cent imposed on capital gains of a property that is sold within five years from the date of purchase (the date of the sales and purchase agreement). Property owners are also required to pay the annual minimal quit rent (“Cukai Tanah” in Malay) and the twice-yearly assessment tax (“Cukai Pintu” in Malay) on their properties. The non-resident individual tax rate is 26 per cent and rental income is subject to the same tax rate.

ifications, etc.

* Aileen Han is country manager for E&O Property (Singapore), part of Malaysia-listed real estate developer E&O Group.

Hi the context here mentioned property tax is 26 per cent.. Can anyone advise?
 

LeMans2011

Alfrescian
Loyal
Hmm Costa Del Sol is highrise also got centipede...is your in-laws unit on the ground floor? I went to view their actual unit showflat when they first TOP and many vacant units. The sea view is very lovely but can't open the window as the noise from expressway is high.

The centipedes were all over the gardens at Costa del Sol. My in laws were landed, hence the creepy crawlies were quite a turn-off especially the granite flooring camouflage them!
 

Analytical Professor

Alfrescian
Loyal
I wanna bring my mum for cataract surgery as well.

Any reputed surgeon in spore?

Old timers , just like to find out.

I like to go for a treatment for my eyes. Is there any reputable eye specalist around the Johore area ? In singapore , i would need to pay around $5K for sugery (not counting the medicine, before/after care and consultation) to get the eyes condition fix.

If you guys come across , please let me or drop me the info :

[email protected]
 
Status
Not open for further replies.
Top