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Puteri Harbour Community
- Thread starter Qube3
- Start date
No need reclassifying . Freehold that you can only sell to locals is worst off than a 99 leasehold lor.
Let say you buy a freehold at a 30% premium . You only stay for say 25yrs ~ 30yrs and need to sell away to locals as it cant be transfer to your children . Typically , locals will compare you premium freehold to those ABC houses and shave off 50% from you asking price !
Get rid off my freehold cluster 7 mths ago . Buy at FH with 2009 terms and conditions . After that things change , need to wait for 5yrs , need to be above 1 million to sell to foreigners , need to paid capital gain tax . Finally sell to a reasonable local at 15% discount , and pay 5% capital gain tax . Anyway I am lucky , still managed to gain quite bit , sell when market was still quite positive and shortage of FH landed . But I think those that go in recently wont be so lucky lor !
My point is this in Malaysia , a new policy will supersede what you sign in 2009 ! Remember LKY : " at the stoke of a pen , anything can change !"
No need reclassifying . Freehold that you can only sell to locals is worst off than a 99 leasehold lor.
Let say you buy a freehold at a 30% premium . You only stay for say 25yrs ~ 30yrs and need to sell away to locals as it cant be transfer to your children . Typically , locals will compare you premium freehold to those ABC houses and shave off 50% from you asking price !
Get rid off my freehold cluster 7 mths ago . Buy at FH with 2009 terms and conditions . After that things change , need to wait for 5yrs , need to be above 1 million to sell to foreigners , need to paid capital gain tax . Finally sell to a reasonable local at 15% discount , and pay 5% capital gain tax . Anyway I am lucky , still managed to gain quite bit , sell when market was still quite positive and shortage of FH landed . But I think those that go in recently wont be so lucky lor !
My point is this in Malaysia , a new policy will supersede what you sign in 2009 ! Remember LKY : " at the stoke of a pen , anything can change !"
It is not cast in stone yet. The cleanest approach is allow existing owners to hold on to their freehold properties but allow subsale to locals as freehold, but to foreigners as leasehold. Current pricing with recent negative news (including this one) are likely to drive demand and valuation down. Beyond a valuation limit, the banks may do a margin call on owners if they are desperate for cash and sentiments sour further.
- Joined
- Oct 3, 2012
- Messages
- 2,705
- Points
- 48
Basically, almost the whole of iskandar. Jia kia liao..wahaha..
my bets are still safe at this pt of time..:p
Wow , freehold become leasehold = cleanest approach ? Heng Ah , I just get rid of my FH landed , otherwise it might become leasehold sooner or later.
Well, for those who still got some meat better eat now than got nothing to eat later.
What I wish for is existing approved projects remain that way regardless of whom they transfer on to later. All as per title. New projects before they get their approval will be subject to new changes.
The only way the authorities can control you is when the names are transferred / registered on a leasehold title as leasehold need approval before the transaction is completed. As for freehold, there's no requirement to ask for state approvals and even if there is, one can use a locally incorporated company to buy it. This proposal has plenty of loopholes. No worries.
ka ki kong, ka ki song....
As long as you don't turn this place into your playground, anybody can give their view here.
ka ki kong ka ki song....sound like the CSL Porn King style....hahaha...
Porn King? no la, is the infamous ctsxxx "Vulgarity King". Lol...
- Joined
- Aug 12, 2011
- Messages
- 701
- Points
- 18
Imperia VP Letters??
Hi Imperia owners - any update when VP letters are being issued?
Hi Imperia owners - any update when VP letters are being issued?
Re: Imperia VP Letters??
i wonder any forumer who owns a imperia unit plans to stay there?
i wonder any forumer who owns a imperia unit plans to stay there?
Re: Imperia VP Letters??
Imperia have started sending out VP letters in batches since end July. If you are anxious about your unit(s), you can go to UEM office at East Ledang to enquire.
Do note that the calculations for Liquidated Damage are based on date of VP letter.
Imperia have started sending out VP letters in batches since end July. If you are anxious about your unit(s), you can go to UEM office at East Ledang to enquire.
Do note that the calculations for Liquidated Damage are based on date of VP letter.
Re: Imperia VP Letters??
Sorry IR to hijack this post, but curious to know if anyone's received the Supplementary Agreement.....
Sorry IR to hijack this post, but curious to know if anyone's received the Supplementary Agreement.....
- Joined
- Aug 12, 2011
- Messages
- 701
- Points
- 18
Re: Imperia VP Letters??
No worries. Relevant question. I have not received any stamped copy back ....
No worries. Relevant question. I have not received any stamped copy back ....
Re: Imperia VP Letters??
Heard should be these few days. Their timing so good ....during 7th mth! Haha!
Heard should be these few days. Their timing so good ....during 7th mth! Haha!
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