I apologize for using the word jail term. I agree is too heavy for this. Anyway.....my advice is the same. Careful when choosing one strata title property (landed). Keep an eye of the developer. Last time, condos have lots of issues. For landed, you will have more rights owning an individual title than owning strata title. But if choose the one with strata title, becareful.
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Best Property for Investment in JB 2014/15
- Thread starter cslong
- Start date
I apologize for using the word jail term. I agree is too heavy for this. Anyway.....my advice is the same. Careful when choosing one strata title property (landed). Keep an eye of the developer. Last time, condos have lots of issues. For landed, you will have more rights owning an individual title than owning strata title. But if choose the one with strata title, becareful.
I don't think many buyers actually care until they sell their houses. To me they are the same, and it is probably just some extra work for the lawyer to settle any problem for me. Location and aspects of the physical house are more important considerations for me. Stata or non-strata is the least worry unless I'm buying with the aim to tear down or do major modification to the house.
If your house is big and spacious,definitely you dont need to renovated to make more space. However, for those who are buying EcoSummer, which such a small built up 1700sqft, owner will be frustrated later for not able to fully use the 20x80ft land. Cant even put up an awning.... That is reality check.
the point is moot anyway since summer is mostly sold out.
Smaller unit of summer are sold out but there are still many units left for bigger unit. around 2300sqft with the price tag around RM778K. correct me if i am wrong. At the current trend...any terrace houses in tebrau below RM700K will sell like hot cake. Any above RM700K will be slow moving.
Currently as we are entering end period of 2014, we can see an enormous oversupply of condo units and with increase in BLR, impending toll hikes and VEP wars between two govts, it seems buying condo units is a very, very bad choice. With the heavy advertising of Rn F condos in Singapore media, it is giving sg people false impression this is a worthy investment. but if you read the latest announcement in their poorly crafted website http://rftanjungputeri.com/, it seems that this China developer with dubious reputation is borderlining False Selling.. Buy if you must at your own peril.. However, there are still many unscrupulous salesman outside there who keep telling potential buyers to part away with their hard earned money to buy this property which reeks of poor reputation and now that even if you have money, you cannot buy the property cos they are not allowed to sell you.
When can you buy? Nobody knows.. When will your condo unit be completed? They too cannot tell you.. Buy at your own peril..Pls do your own research before investing your hard earned money on foreign developer without proven track records in malaysia.
When can you buy? Nobody knows.. When will your condo unit be completed? They too cannot tell you.. Buy at your own peril..Pls do your own research before investing your hard earned money on foreign developer without proven track records in malaysia.
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Hi is that "poorly crafted website" their official website??? I was surprised and cant believe that a 5-star giant developer from China has such a low-class website.
I believe it might be the works of trolls
I believe it might be the works of trolls
Malaysia's economy growth is quite strong. 2015 will have GST led inflation.
I think for landed strata, the developer would only form the management committee and help run the property initially.
They would subsequently organize the residents to form their own committee to take over.
Landed strata (of Gated Community) has exclusive facilities but individual title (Guarded Neighbourhood) typically do not have. If they have, it is not exclusive to residents.
IMHO, Landed Strata GC would have more security than individual title. Because, by law, GN do not have the right to fence up the whole project nor to prevent anyone from entering the premises.
See attached FAQ I found sometime back.
IMHO, Landed Strata GC would have more security than individual title. Because, by law, GN do not have the right to fence up the whole project nor to prevent anyone from entering the premises.
See attached FAQ I found sometime back.
landed strata is a residential product of the future. you'll see this kind of housing become more and more popular in the years ahead (it is the situation in KL now, JB will catch up in a few years). this scheme is needed in malaysia due to generally poor maintenance provided by town councils, and also security issue. Once JMB is formed and all the units have been sold to private buyers, the strata precinct is handed over to the rsidents to take over and manage ourselves.
morever, strata titled precinct also means that proper private facilities can be built on the common grounds itself, and the whole parcel of land where your house sits on is held privately in share between all the owners of the individual lots. if one doesn't mind paying a few hundred a month for a clean, better maintained and secured grounds, coupled with private facilities, then strata landed is the way to go.
strata title act (318). clause 34.1 (a) and (b). strata title owner own the parcel, as well as are co owners of common property.
http://www.hba.org.my/laws/Strata/2007/ACT318 (2007).htm#34.**Rights of proprietor in his parcel and common property.
34. Rights of proprietor in his parcel and common property.
(1) Subject to this section and other provisions of this Act, a proprietor shall have-
(a) in relation to his parcel (in the case of a parcel proprietor) the powers conferred by the National Land Code on a proprietor in relation to his land; and
(b) in relation to the common property, the right of user which he would have if he and the other proprietors were co-proprietors thereof.
http://www.hba.org.my/laws/Strata/2007/ACT318 (2007).htm#34.**Rights of proprietor in his parcel and common property.
34. Rights of proprietor in his parcel and common property.
(1) Subject to this section and other provisions of this Act, a proprietor shall have-
(a) in relation to his parcel (in the case of a parcel proprietor) the powers conferred by the National Land Code on a proprietor in relation to his land; and
(b) in relation to the common property, the right of user which he would have if he and the other proprietors were co-proprietors thereof.
i think you're a traditional guy who cannot accept new scheme. of course in every community there is a common understanding among owners that certain law is set up to maintain peace and order. i can tell you i don't really like those who any how renovate their house until looks so ugly and spoil the look of the whole row by painting the house pink or maroon. however, as a community, all of us owners can sit down and decide (once we take over the precinct) to make changes to the bylaw, including allowing renovation. also, already many time i mention to you, it's not that we are not allowed to make extension, we can. We have to apply to the JMB and submit plan for the renovation (ie subject to approval). of course in the first few year before developer hand over the precinct to owners, they will likely not allow, especially for major renovation that change the facade of the building. this is for development and marketing reason.
the word co owner is exactly that. you and hundred others own all the common property. it means other than all the co owners , others (outsider) have no rights to come in or use the common property or facilities (unless invited by residents, of course). unless i am a billionaire and can afford to buy 50 acre of land and build my own ranch and swimming pool, strata landed is the only option open to me.
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Hello
I am out of Singapore and want to buy property here... can anyone guide me about some good locations which are attractive for tourists. Because I planned to rent out the property, in other words it will be a investment. Currently I have no information about Singapore market and prices. Please if anyone can guide. Thanks in advance for any helpful suggestions.
I am out of Singapore and want to buy property here... can anyone guide me about some good locations which are attractive for tourists. Because I planned to rent out the property, in other words it will be a investment. Currently I have no information about Singapore market and prices. Please if anyone can guide. Thanks in advance for any helpful suggestions.
