MASPEX 2016 | Malaysian Secondary Property Exhibition | The Fourth Edition

The MASPEX since its inception has been annually event for secondary properties exhibition. Due to good response on the turnout crowd at Queensbay Mall, Penang MALAYSIA for last year MASPEX2015 | Penang Edition , this year for its fourth instalment will again be held at Queensbay Mall.

After Penang Star Property Fair 2016 which is mainly targets on primary market with new launches, MASPEX2016 (Penang edition) event will be held at Queensbay Mall from 22 Sep 2016 to 25 Sep 2016. Previous two MASPEXes namely #MASPEX2013 and #MASPEX2014 were at Penang Times Square.

This is the 4th edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 5,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties in 20 booths. There will be property talks' sessions to cater for buyers to educate and enhance their knowledge.

It will covers various type of property such as houses, condominiums, apartments, SOHO, offices, factories, warehouses during this four-day event.

Link to MASPEX 2015 [Part 1]: Malaysia | Penang MASPEX 2015 Reboot In Queensbay Mall | Sub-sale properties

Link to MASPEX 2015 [Part 2]: Penang Property News And Talk | Maspex 2015 | Queensbay Mall | List Of Speakers Time Table And Agenda With Pictography

Link to MASPEX 2014: Malaysia | MASPEX Penang 2014 | The Pictography

Link to MASPEX 2013: MASPEX Malaysia 2013 | Penang Property | MIEA | Facts and figures about Malaysian Secondary Property Exhibition

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute https://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club https://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang | Teluk Kumbar | Platinum III By TPPT For Sale / Rent

Teluk Kumbar township has been enjoying rapid transformation in development with recently completed Bayan Lepas Expressway (BLE Flyover) that connects Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge and currently widening of an existing road from Jalan Permatang Damar Laut to Kampung Seronok from two to four lanes, as well as currently work-in-progress of building an elevated highway from Pekan Bayan Lepas to Teluk Kumbar using four-lane. The project is to upgrade the Federal road from Teluk Kumbar to the Penang International Airport and to be completed by August 2017.

Platinum III @ Teluk Kumbar, Penang.

With the infrastructure in place there are mushroom of condominiums coming up. Recent completion of Platinum 3 @ Teluk Kumbar by TPPT nearby Pavilion Resort @ Teluk Kumbar with units for sale and rent. It has three tower as the Platinum III name implied with 6 units per floor serving by 3 lifts. 

We've unit with build up of 1,230 sq ft to rent and for sale.

Platinum III's swimming pool and workout gym equipments (background).

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | http://vulcaninternational.blogspot.com 

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

3 Benefits When You Are In Secure Site | HTTPS | Now You Are In Secured Website

If you going to read one article about secured website, read this one.

You are in secured website. At VULCAN INTERNATIONAL Real Estate Investors Club, we value your security as you're our valued reader and customer. The level of security is similar to the banking transactions encryption that you used to.

https denotes hyper text transfer protocol secure

With the secured website you will notice that there's a lock image on URL locator after a website is fully loaded. In the event if you encounter any unsupported images in https (denotes as hyper text transfer protocol secure) , please email: Vulcan.Lau@gmail.com. We'll get it rectify.

You can access this website as usual by typing:

http://vulcaninternational.blogspot.com and it will redirect to https:// (secured website), there is a lock image at URL locator. Existing links and bookmarks to this blog will continue to work.

Benefits of https:There are three main benefits to using HTTPS over HTTP to access your blog:

1. It helps check that your visitors open the correct website and aren’t being redirected to a malicious site.
2. It helps detect if an attacker tries to change any data sent from Blogger to the visitor.
3. It adds security measures that make it harder for other people to listen to your visitors’ conversations, track their activities, or steal their information.

When you enable HTTPS, visitors can access the encrypted version of your blog by typing https://<your-blog>.blogspot.com.

What is HTTPS and how does it work?

HTTPS (Hypertext Transfer Protocol Secure) is an internet communication protocol that protects the integrity and confidentiality of your users' data between the user's computer and the site. For example, when a user enters data into a form on your site in order to subscribe to updates or purchase a product, HTTPS protects that user's personal information between the user and the site. Users expect a secure online experience when providing data via a website. We encourage you to adopt HTTPS in order to protect your users' connection to your website.

Data sent using HTTPS is secured via Transport Layer Security protocol (TLS), which provides three key layers of protection:

1. Encryption—encrypting the exchanged data to keep it secure from eavesdroppers. That means that while the user is browsing a website, nobody can "listen" to their conversations, track their activities across multiple pages, or steal their information.
2. Data integrity—data cannot be modified or corrupted during transfer, intentionally or otherwise, without being detected.
3. Authentication—proves that your users communicate with the intended website. It protects against man-in-the-middle attacks and builds user trust, which translates into other business benefits.

Source | Google

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.

Malaysia | Penang MASPEX 2015 Reboot In Queensbay Mall | Sub-sale properties

After Penang Star Property Fair 2015 which is mainly targets on primary market with new launches, #MASPEX2015 (Penang edition) will be kicking of at Queensbay Mall on 13 Aug 2015 to 16 Aug 2015. Previous two MASPEXes namely #MASPEX2013 and #MASPEX2014 be held at Penang Times Square. 

This is the 3rd edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 6,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties. There will be property talks' sessions to cater for buyers to enhance their knowledge on status updates for Affordable Housing in Penang and Penang's infrastructure projects with their impacts on Penang Property Hotspots.

It will covers various type of property such as houses, condominiums, apartments, SOHO, offices, factories, warehouses during this four-day event.

Link to MASPEX 2014: Malaysia | MASPEX Penang 2014 | The Pictography

Link to MASPEX 2013: MASPEX Malaysia 2013 | Penang Property | MIEA | Facts and figures about Malaysian Secondary Property Exhibition

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Apartment Penang | MM2H | BayStar Condominium For Sale/Rent

BayStar Condominium is a luxury condo and currently the only one in Bayan Indah, Bayan Bay area that is of freehold in tenure as compared to Summerton Condominium, Gold Coast Resort Condominium, Putra Place and Putra Marine Condominium. It was built by CP Lands, a subsidiary of CP Group developer in Penang. CP Mall Sdn. Bhd. is 'the white knight' for Queensbay Mall mega project. In 2010, CapitaMalls Asia acquired Queensbay Mall in Penang for about RM658.3 million (S$275.6 million).

The BayStar Condominium comprises two blocks namely Block A and Block B which is 11-storey each on a piece of freehold land with land area of 3.69 acres. Total density is 160 units which facing sea view and Queensbay Mall's view.

Facilities included 24-hour security surveillance, intercom system and key card access, infinity swimming pool and wading pool (refer to picture attached), children's playground, fully equipped gymnasium, all-purpose hall, visitor's lounge with free wifi access (refer to picture attached). 

For Sale: BayStar Condominium (High floor)

Bedroom: 3

Bathroom: 3

Build Up: 1560 sq ft

Parking Bay: 2

Condition: Renovated and fully furnished

Remark: The BayStar Condo is walking distance (of 5 minutes) to Queensbay Mall, Penang.

BayStar Condominium is a luxury condo

Visitor's lounge with free wifi access

Infinity swimming pool and wading pool

Home For Sale Video: Vulcan International REIC's Video: BayStar Condo For Sale

The pictures in this video is been intended for "Home For Sale." If you're interested with the home please do contact: Mr Vulcan Lau, mobile: +6 016 451 1321 to further your intention. Alternatively this home will be available for rent subject to owner's consent.

Boldly go. LLAP

Interested buyer please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factories/warehouses/lands/commercial buildings/condominiums/apartments/houses/homes to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Penang | MM2H | Heritage Building Under Thread To Be Saved

A NON-GOVERNMENTAL organisation (NGO) has expressed concern about the possible demolition of a heritage building in Anson Road to make way for a high-rise condominium tower.

Penang Citizens Chant Group (Chant) adviser Yan Lee said an application for planning permission to the Penang Island City Council (MBPP) submitted on Oct 16, last year, had been delayed since May 12.

The local council’s One-Stop Centre (OSC) portal states that the developer has submitted the application for the construction of a proposed 43-storey condominium block.

It comprises a lobby on the first and second floor, car park space from the first to 11th floor, recreational facilities from the 11th, and 40th to 43rd floor, and 75 condominium units from the sixth to 39th floor.

The application, the portal states, also includes a proposal to demolish a part of the annex at the back of the building and to restore the existing two-storey heritage building on Lot 1146, 19 Anson Road.

Lee said the building’s heritage classification could not be determined as the George Town World Heritage Incorporated (GTWHI) inventory of heritage buildings had yet to be made available.

“The preparation of inventory of heritage buildings is under the GTWHI and heritage buildings are expected to be classified under two categories.

“Category One is for buildings of high architectural and historical values which are not to be demolished, altered and extended except for restoration.

“Under Category Two are buildings with architectural values which are allowed to be renovated for adaptive reuse,” he said.

Calls made to GTWHI general manager Lim Chooi Ping to ascertain which category the building on 19 Anson Road falls under were futile as of press time.

Meanwhile, a photo of the building and a statement that read: “19 Anson Road is a heritage building? I heard the owner (is) going to tear down the heritage building for a high-rise building development.

“Please help to stop and preserve it!!!” was posted on the Facebook page of Penang Heritage Trust (PHT) president Khoo Salma on Wednesday.

Salma commented: “Another endangered heritage building outside the George Town World Heritage Site.

“This one is 19 Anson Road. MBPP, GTWHI, where is your inventory? Penang state, where is the state heritage enactment and policy?”

Under the same post, she also commented “If the Pykett illegal demolition is not appropriately penalised, the present or future owner of 19 Anson Road could just knock it down illegally and wait to get an approval for new high-rise in five years’ time”.

Lee had reportedly said in 2010 that the then Penang Municipal Council (MPPP) had issued a rebuild order to a developer who had demolished a colonial era double-storey bungalow in Pykett Avenue.

The bungalow was demolished before the council’s technical heritage review panel could arrange for an inspection of the heritage building.

When contacted, Salma said it appeared that the application by the developer was for planning permission for “40+ storeys and part demolition”.

State exco member Chow Kon Yeow, when contacted, said the application for planning permission had been tabled on May 12 but not approved.

He said the decision had been put on hold as the application was subjected to compliance with technical requirements.

Source: STARMETRO | NEWS

Related Story: Exclusive Focus: The Last And Oldest Siamese Settlement In Penang On The Verge Of Demolish

Cause for concern: Heritage enthusiasts fear that the heritage building in Anson Road, George Town, may make way for a high-rise condominium. What's your fear or rather opinion?

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Why Penang Pulau Tikus Bungalow For Sale Will Make You Question Everything?

Pulau Tikus used to be suburb in George Town city in Penang Island, Malaysia and since with the expansion of Georgetown city limit it falls under urban district/zoning. 

It housed "upper class residential" and prominent neighbourhoods with vicinity such as Penang Gurney Drive | Gurney Paragon, Gurney Plaza and stretch of condominiums which is a stone's throw away. It's also famous for its food heaven like delicious Lok Lok steamboat, Pulau Tikus market, Pulau Tikus homestay.

It has its fair share of bungalows, mansions and colonial buildings besides its famous temples Wat Chaiyamangalaram Thai Buddhist Temple and Dhammikarama Burmese Buddhist Temple at Burmah Lane, Penang.

Currently available for sale is a scarcity of a rare opportunity to own single storey bungalow with large compound within Pulau Tikus precinct and the specification as stated below:

Built-up : approx. 6,000 sq ft

Land area : 13,500 sq ft

Tenure : Freehold

Parking space: 8 cars

Location : Upper class residential in Pulau Tikus, Penang MALAYSIA

P.S.: Real estate property especially landed property in Penang is synonymous with capital appreciation by virtue of scarcity of land in the Penang island.

Boldly go. LLAP

Interested buyer please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Malaysia | Why Penang FREE Wi-Fi Hotspot Of 1Mbps Is By No Means Catchpenny?

When talking about freebies nowadays it's hard to come by. However Penang government provides her people with free upgraded broadband WIFI (wireless fidelity). It was reported that the infrastructure of WIFI provider has upgraded their backbone topology bandwidth from 75Mbps to 375Mbps (five times faster) which means those selected hotspots have been upgraded or booster from 512kbps to 1Mbps speed test for end user. Having upgrade done without catchpenny is laudable.

According to Mutiara Buletin source, there will be 600,000 registered users that be going to benefit by this upgrade (FREE internet). That is about 40% of Penang's population. It's been understood that since 2009 the Penang State government has facilitated 1,550 hotspots in stages (Phase One and Two) with the expenses of RM154,200 per month under the state's coffer! (no pun intended)

List of Penang free wifi hotspot locations. There's also a 24-hour Penang Free Wifi hotline (Toll Free) that you could call (1800 87 7790) for assistance in case you need to connect to internet without buying any data line from telcos or just arrive in Penang. Do bookmark the wifi hotspot locations page for your conveniences.

PS: Penang is one of the few cities in the world that provides FREE internet for public domain.

Source: Mutiara Buletin

Penang Free WiFi login/sign-up page.

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute for VULCAN INTERNATIONAL Real Estate Investors Club .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

MM2H | Penang | Moving Forwards | Sky Cab Conceptualization And Conceivable

What a better way to across a channel? In this case, the Penang Channel that separated Penang Island from its mainland besides the three existing solutions of First Penang Bridge, Penang New Landmark | Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge and its decades old Penang Ferry Service.

The answer (my friend) is Penang Cable Car or aptly called Penang Sky Cab conceptualization and conceive to be in operational mode in 2018. This will enhance the transportation connectivity between Penang Island(Georgetown) and mainland Butterworth. It'll also ease the current traffic congestion at the current Raja Tun Uda ferry terminal(island side) at Weld Quay in George Town in Penang Island during peak hours.

Penang Chief Minister Lim Guan Eng, who announced the project, said the proposal would link Penang Sentral Transportation Hub in Butterworth to Nordin Street Ghaut (outside of UNESCO Penang Heritage Zone) in George Town along 3km cable car route. The Penang Sentral Cable Car Station would be located next to Penang Sentral Transportation Hub which will become five-in-one traveling hub. The link is said to take a ride of 15 minutes each way. The estimated cost for the implementation of cable car system/sky cab is between RM250 million to RM300 million.

It's expected to conceive in three years time (2018) if everything goes according to technical specifications. The Penang Sky Cab is said to be in advanced exploratory stage as of now. This could also be the precursor of Penang state tourism industry and Malaysia/Penang my second home.

Will the Penang Sky Cab see the daylight? With relative low construction cost, decrease dependency on automobiles, shorter time (15 minutes) to travel to mainland/Penang island (vice-versa) and the site station land in Nordin Street Ghaut that reported to belong to Penang State government, the feasibility seems possible...but only time will tell.

The integration across Penang Transportation's structures will further be enhanced in future with The Tunnel Link: Malaysia | Penang 2013 Blueprint Development | One Penang, Two halves, Three links...what is it for me as investor/developer?)

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | Penang Property | Tanjung Bungah | Botany Bay | Luxury Residence | Open For Booking

Nested within Tanjung Bungah precinct this upcoming exclusive resort luxury residence is a desire to be owned. The Botany Bay Super Condominium is set at the hills of Tanjung Bungah and commands pristine view. It consists of 47 homes within a green oasis of 3.3 acres and open for sale.

It's a free hold property and consists of 2 blocks with low density units: block A has 6 units per floor whilst block B has 4 units per floor. Number of storeys is 5. Build up ranges from 2,760 sq ft to 6,246 sq ft and it has 3-tier security equips with CCTV.

Features include (1)A desirable address in Tanjung Bungah, (2)Hill-backed sea view homes, (3)A gated and guarded community, (4)Private lift lobbies opening to sea views, (5)Lifestyle facilities at your doorstep, (6)Eco-friendly homes with Green Building Index(GBI) status. To know more refer to: What is Green Building Index? section

Within proximity of travel is 10 minutes to Batu Ferringhi with its famous beaches and Shangri-La's Rasa Sayang Resort, 15 minutes to Gurney Drive where you'll be enticed by its famous hawker stalls that operate in the evening, Gurney Paragon, and 20 minutes to Georgetown. It's only 6 minutes drive to Dalat International School.

Booking fees is RM20,000 for Standard units, RM30,000 for Garden units and RM40,000 for Penthouse units. With favourable Exchange Rates | Malaysian Ringgit versus US Dollar, this is definitely good investment for Malaysia My 2nd Home(MM2H) expatriate.

There is an exclusive preview on 4th and 5th April 2015(this coming weekend) at G Hotel, Gurney. (Level 1, Salon II) Time: 1pm to 5pm.

Interested please contact Mr Vulcan Lau , mobile no.: +6 016 451 1321 for the exclusive preview by invitation.

Boldly go. LLAP #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

It was reported recently that Penang State recorded RM8.16 billion in investments last year which is more than double as compared to 2013. The investments contribution mainly from its electrical and electronics(E&E) sector as well as biomedical sector.

Of the total RM8.16 billion in capital investments, RM5.11 billion are said from foreign direct investments (FDIs) last year which domestic investments contributed RM3.05 billion. For comparison, the state’s FDI only totalled RM1.79 billion as recorded in 2013.

Refering to figures released by Malaysian Industrial Development Authority (#Mida), Penang’s ranking position in bringing in investments went up to third place last year as compared to fourth placing in 2013 among all other states in Malaysia.

In 2014, Penang is ranked right behind Johor and Sarawak, which recorded RM21 billion and RM9.6 billion in total investments respectively.

The infographic shows the flow of total capital investment for Penang for year 2010, 2011, 2012, 2013, 2014 (quinquennial snapshot) is RM36.78 billion.

The negative percentage indicates that relatively to a year before, the total capital investment value is lower as compare to its previous year. Vice-versa, positive percentage indicates that year is better in total capital investment performance versus the immediate previous year.

The crux of the matter is that every year there's investment(in billion) done by Penang State.

PS: For year 2012, the figure RM2.47 billion is without the inclusion of RM2.90 billion from Northern Corridor Investment Authority(NCIA). If included it was then be RM5.37 billion.

It's good to see that Penang has its mid term and long term investments been pursued as whatever investment by Penang State will normally take 3-5 years before been implemented or might not come to fruition. Example, the result of Penang's Total Capital Investments for 2015 might come to reality in 2018.

As for long term, Penang's Information Technology Business Process Outsourcing(IT-BPO) is under framework of 10 years to materialize: http://vulcanresearch.blogspot.com/2014/10/malaysia-investment-investpenang-psdc_18.html

Sources from the following reports:

http://www.malaysia-today.net/penang-no-1-in-malaysia-in-manufacturing-investment-for-the-2nd-consecutive-year-in-2011/

http://penangcatcentre.my/whats-up-details.s7f.aspx

http://www.themalaysianinsider.com/malaysia/article/guan-eng-penang-2011-investment-at-rm10b-beats-target

http://www.thestar.com.my/News/Nation/2013/03/26/Penang-received-RM54bil-last-year-says-state-investment-body/

http://penangmonthly.com/penangs-manufacturing-future/

http://www.themalaymailonline.com/money/article/penang-records-rm8b-in-investments-last-year-more-than-double-2013

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | 2014/2015 Penang Property | My Musings On Penang Properties - 9 reasons for Penang real estate in gloomy and doomy

9 reasons for Penang real estate market in gloomy and doomy

We're coming towards the end of year 2013. As for year 2014, ever since the #Budget2014 annoucement the real estate market will be placed into regulated control. As with #Penang State government, she has taken additional steps towards damage control to curb property speculation. Below are the chronology of events that expect to take place:

1. 1-Jan-2014: [Malaysia] Stricter bank loan(effect with net purchase price instead of gross purchase price, example if gross purchase is RM1,000,000 with 5% discount then net purchase is RM950,000). The #SPA will be registered as RM950,000 instead of RM1,000,000 . 
2. 1-Jan-2014: [Malaysia] Increase in #RPGT. Check out http://www.vulcaninternational.blogspot.com/2013/10/penang-property-malaysia-real-estate.html for more details. Refer to table below: 
3. 1-Jan-2014: [Malaysia] No #DIBS(Developer Interest Bearing Scheme)
4. 1-Feb-2014: [Penang State] 5-year rule. Owners of affordable homes bought for below RM400,000 on the island and RM250,000 on the mainland would be barred from reselling their properties in the first five years of ownership. Chief Minister Lim Guan Eng said affordable and public housing owners who wished to sell their units during the moratorium RM400,000(only can dispose after 6th year), for mainland RM250,000 would have to appeal to the state government, and if given the green light, could only sell to qualified “listed buyers from middle-income group” who were registered with the state housing department. Lim said in a statement that the new rulings would cover future and past purchases.
5. 1-Feb-2014: [Penang State] 10-year rule. Future and past purchases of up to RM72,500 only can dispose after 10 years. That is to say that owners of public housing low and low-medium cost units bought for RM42,000 and RM72,500 respectively or less cannot sell their units for 10 years. Effective date should be based on SPA. 
6. 1-Feb-2014: [Penang State] “A two per cent levy will be imposed on the seller, for all properties(including land) sold within three years from the date of the Sales & Purchase Agree­ment(SPA) signed from Feb 1, 2014. Property bought with the SPA signed before Feb 1, 2014, will not be subject to this levy. This two per cent levy is not applicable to affordable housing. All levies will be collected by land office.
7. 1-Feb-2014: [Penang State] The new regulations also stipulate that foreigners(non-citizens) can only buy property valued at RM1mil or more, and the threshold is increased to RM2mil if it is a landed property on the island.
8. 1-Feb-2014: [Penang State] A three per cent levy would be imposed on properties bought by foreigners, but an exemption would be made if the property is for industrial use, or “promotes employment, education and human talent”, said Lim.
9. 1-April-2015: [Malaysia] #GST(Goods and Services Tax) of 6% to replace SST(Sales and Services Tax) which is 15 months to go.

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Back to Main Page: www.VulcanInternational.blogspot.com

Penang Property | Stable office rentals in KL

Penang Property | Thursday July 19, 2012

By THOMAS HUONG
huong@thestar.com.my

KUALA LUMPUR: Rental rates for purpose-built offices in Kuala Lumpur were generally stable in the last three years, except for certain suburban and city centre areas which showed an upward trend, according to the 2011 Purpose Built Office Rent Index (PBO-RI) for Federal Territory of Kuala Lumpur.

“Looking at the data... the market is still good,” National Property Information Centre (Napic) director Dr Zailan Mohd Isa said at a pre-launch briefing of the 2011 PBO-RI which will be launched today.

The rent index has four regions, namely Kuala Lumpur City Centre-Golden Triangle (KLCC-GT), Centre Business District (CBD), within city centre (WCC) and suburban.


According to the rent index, average monthly rentals for purpose-built offices in the WCC region had increased gradually from RM2.92 per sq ft in the first quarter of 2009 to RM3.46 per sq ft in the fourth quarter of 2011.

This meant that average monthly office rentals in the WCC region had increased 18.5% over a three-year period.

It was also noted that average monthly office rentals in the suburban region had appreciated by 13.2% over a three-year period, rising from RM3.10 per sq ft in the first quarter of 2009 to RM3.51 per sq ft in the fourth quarter of 2011.

The suburban region includes Bangsar, Bukit Kiara, Damansara Heights, Jalan Pantai Baru, Jalan Istana and Jalan Syed Putra.

“Companies may be relocating to the suburban areas,” said Zailan.

Meanwhile, although the KLCC-GT region is the most sought after location in the city, average monthly office rentals were stable (a slight rise from RM4.60 per sq ft in the first quarter of 2009 to RM4.66 per sq ft in the fourth quarter of 2011).

However, the CBD region suffered a drop in average monthly office rentals, from RM3.46 per sq ft in the first quarter of 2009 to RM3.27 per sq ft in the fourth quarter of 2011.

For the entire Kuala Lumpur region under review, average monthly office rentals had increased sightly over a three-year period, from RM3.91 per sq ft in the first quarter of 2009 to RM4.04 per sq ft in the fourth quarter of 2011.

The rent index, which will be produced on a quarterly basis, is developed by Valuation and Property Services Department (JPPH), with assistance from Universiti Teknologi Mara (UiTM) and University of Malaya.

Zailan said it was the first rent index of its kind in the Asean region.

“It is based on data from actual rental agreements, and not asking rates.”

The rent index defines purpose-built offices as buildings with office use of not less than 75% of net lettable area, and has compiled rental data from 6,831 tenancy leases from 167 buildings.

Zailan said the rent index's aim was to provide a guide on current market rentals for investors, and a benchmark for the financial stability of the country.

“We also want to attract multinational corporations to set up regional headquarters in Kuala Lumpur,” she said.

Zailan also said the PBO-RI would be expanded eventually to cover all the major cities and towns in Selangor, followed by Penang and Johor.

“Getting data is the most dificult part. We urge all property managers and owners to co-operate with us in providing data.”

Source reference link: http://biz.thestar.com.my/news/story.asp?file=/2012/7/19/business/11687866&sec=business

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