Tiram Realty - E(3)0077

Registered Estate Agency, Johor Bahru, Johor, Malaysia

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Tiram Realty - Registered Real Estate Agency, Johor Bahru, Johor, Malaysia
Fire insurance - notification on change of tenants

By Lim Boon Ping, on 18-01-2010 13:42

Views : 456    

Favoured : 38

Published in : Tips & Advices, Rental & Lease


This has always being neglected by property owners. Under the fire insurance terms and condition, you as the property owners are obliged to submit changes to the tenancies to your insurers promptly

That is to say that you will be paying different premium for the fire insurance. For example, if you have a carpentry as your tenant, you will be paying tariff at approximately 0.7% whereas a storeroom carries a tariff of approximately 0.2%. Yes, higher risk's tenant will cost you as a owner to pay higher premium. By paying the sufficient premium to your insurers, then only you will be able to avoid any disputes in the case of claims against fire. 

From now onwards, do inform your insurers whenever there is a change in your tenants.

Last update: 18-01-2010 13:42

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Are you bidding on Standard & Chartered Bank's properties?

By Lim Boon Ping, on 15-11-2009 09:42

Views : 4201    

Favoured : 113

Published in : Tips & Advices, Auction


If you are planning to bid for Standard & Chartered Bank's property (Laca case), always remember to register yourself with their panel agent few days in advanced. The purpose is for the agent to apply for you to waive the maintenance fees, quit rent and assessment owed by the previous owner.

If you do not perform the above, I'm sorry to inform you that you yourself have to bear those costs. In many instances, these figures can amount to more than RM10,000!

This only applies to Laca cases, i.e. properties without individual titles being issued. As for non-laca cases, this is not really an issue as the bank will automatically absorb the sum.

The beauty of auction properties with most overseas banks is they will pay up the owing sum directly to the management corporation. As compared with the local banks, they will normally ask the buyer to fork out the money first, then claim back the money from the local banks at later stage, which sometime takes up to one year! Therefore, if you are buying properties through auction with local banks, please get ready the owing sum first as part of your initial outlay.

Last update: 15-11-2009 09:46

Keywords : auction
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"The Bank cancelled the deal!"

By Lim Boon Ping, on 08-11-2009 03:46

Views : 4474    

Favoured : 114

Published in : Tips & Advices, Auction

 "I've bought a house at an auction fair by the bank, but they cancelled the deal two months later! Can they do that?"

 This was the question posted to us by one of our client who bought a single storey terrace house at Taman Desa Jaya, during a property auction fair conducted by the bank. For those of you who have read my previous articles on property auction before, you all knew this is what we called a Laca case, i.e. properties without individual titles issued. 


After two months signing the contract of sale, and he has signed the loan agreement,and he has started doing the renovation (i would not advise this though) he suddenly got a call from the bank saying that the case need to be withdrawn. Apparently, the lawyer who's incharged of this property for the bank has made a blunder, i.e. this should be a non-laca case, simply because the individual titles has already being issued and registered under previous owner. As a result, the "correct" and "legal" way of disposing this property has to be done through Highcourt , and not by the bank themself. Therefore, the bank has to withdraw this case and re-auction the property through highcourt procedure. 

So, in the end of the day, not only this purchaser will lose all his legal fees, he's also going to lose his renovation. 

Two lessons we've learnt from this case:
(1) Never start renovating the house before the completion of the conveyancing procedure of your property
(2) When you want to bid for a laca property, and you already knew the titles have been issued, please do a land title search on it. If you find the previous owner's name has already being registered , then voice your doubt to the auctioneer, because this should be a non-laca case instead of a laca ones.

Last update: 08-11-2009 03:46

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Iskandar is growing, says MIEA

By Administrator, on 03-11-2009 04:45

Views : 3148    

Favoured : 131

Published in : Annoucement, Announcement


 SOURCE: The Star, 2 November 2009

JOHOR BARU: It is a misconception that there is little progress taking place in Iskandar Malaysia, said Malaysian Institute of Estate Agents (MIEA) Johor chairman Lim Boon Ping. 

He said land transactions had increased since the project started in 2007.

“I think with the latest incentives offered to people in Iskandar in terms of income tax, more people will opt to move to Johor and this will create a demand for properties,” he told reporters yesterday at the MIEA convention here on Saturday.

Some 300 local and Singaporean agents attended the two-day event.

Meanwhile Johor Mentri Besar Datuk Abdul Ghani Othman said Iskandar was poised to be a “world-class metropolis” that would be able to compete on a global scale.

In his speech read out by state Local Government, Housing, Arts, Culture and Heritage Committee chairman Datuk Ahmad Zahri Jamil, he added that Iskandar’s development was important not only to the people of Johor, but also had national significance as a key growth driver for the country’s economy.

“Despite the global economic slowdown, development of Iskandar Malaysia is progressing rapidly,” he said.

 

SOURCE: China Press 中国报 (31 October 2009)

 

 
大馬依斯干達特區研習會
林文彬:土地交易增加
特區高檔房產增值
(新山31日訊)馬來西亞產業代理協會柔州分會主席林文彬透露,隨著大馬依斯干達特區發展,州內土地交易明顯增加,土地價值增高,特區的土地及高檔房產出現增值趨勢!

他透露,市場上40萬令吉以上的高檔住宅不多,物以稀為貴的定律使高檔住宅深受投資者喜愛,價格水漲船高。

“相反地,25萬令吉以下房屋由于數量較多,市場流動較慢而出現過剩情況。”

他今早在馬來西亞依斯干達特區“一個大都會的崛起”研習會場外,受媒體訪問時,這么說。

林文彬說,特區發展計劃有如“催化劑”,將讓當地房地產活躍,特區制造的新機會將制造“滾球效應”,消化過剩房產。

此外,他透露,柔州房產市價穩定,在金融危機時期所受的沖擊也不大,不像吉隆坡房產受猛挫。

“自1997年金融危機的教訓后,新山房產已趨向穩定發展。”

他也說,在特區發展洪流下,市中心人流將逐步往週邊地區遷移,這將使當地產業發展。

另外,林文彬說,對于政府在新預算案重施征收5%房地產盈利稅的措施,公會會員的反應顯示,他們當可接受此項措施。

“惟對于超過5年者,在售賣房地產后,仍需繳交5%盈利稅的設限,會員們認為此設限仍有探討空間。”

另一方面,他透露,此全國性研習會是分會首次舉辦的大型活動,辦此活動的目的除了讓各商團或企業代表交流,也讓大家了解特區計劃及政府其他大型發展計劃的進展。

大臣:料吸引30萬人遷入
特區將呈獨特面貌

大馬依斯干達特區計劃預計在未來,將吸引30萬名全球各地的人士遷入,遷移效應將使特區擁有與別不同的城市面貌!

柔州行政議員拿督阿末查利代表柔州務大臣拿督阿都干尼,出席馬來西亞依斯干達特區研習會,並代讀阿都干尼致詞稿。

阿都干尼說,全球各地人口的遷入,將連帶引進各類高技能、文化、生活方式到特區內,使特區呈現獨特的城市面貌。

他指出,要留住這些人才或投資者,就必須改變生活形態,提供能與全球接軌的居住與職場環境。

另一方面,馬來西亞產業代理協會主席黃寶玉說,公會將設立網絡資料庫,以更全面收集產業資料。

她指出,做為產業代理,要時刻提高競爭力,通過网絡彼此交流。

她透露,此研習會吸引280人參與,與會者來自全馬各地,包括東馬及新加坡人士。

此外,馬來西亞產業代理協會將與Realty Technologies有限公司合作,通過該公司設立產業網絡資料庫。

 

 

(SOURCE: 联合日报在线, 31 October 2009 ) 

林文彬:尚可接受 内容尚有探讨空间

 (新山31日讯)“大马依斯干达特区:一个大都会的崛起”研讨会今明一共两天在新山公主太平洋酒店举行,主办单位是马来西亚产业代理协会柔佛州分会。该研讨会是首次移师新山举办,宗旨是汇报有关特区的最新发展进度与特区计划真正内容。

今日研讨会首日共有280名来自新加坡与大马的产业代理出席盛会。

出席嘉宾包括开幕人柔佛州务大臣代表阿末惹里州行政议员、依斯干达投资公司执行长阿丽妲阿丽夫、马来西亚产业代理协会主席黄宝玉、新加坡产业代理协会主席符志强和新山中华工商总会会长罗烈贤等人。 稍早前,阿末惹里致词时强调,大马依斯干达特区完成后,将吸引来30万名来自全球各地的商人、专业人员、劳工入驻当地,他们也带来本身的财富、技能、不同的生活方式、文化与价值观,为这个未来大都会入注不同的风貌。

另一方面,马来西亚产业代理协会与Realty Technologies私人有限公司正式合作,在后者的技术支援下,已建立了一个完善的网络资料库。双方也在研讨会现场完成了有关合作协议书的签署仪式。

据悉,该资料库收录了马来西亚产业代理协会完整的会员公司资料,及全马房地产买卖交易资讯,方便房地产领域买卖双方与同业之间的联系。

*******************
“一个大都会的崛起”研讨会
280产业代理出席


(新山31日讯)针对我国明年1月1日重新落实5%产业盈利税的措施,马来西亚产业代理协会柔佛州分会主席林文彬表示,该措施内容其实尚有探讨的空间。

政府在2010年财政预算案中,决定明年1月1日开始,向脱售房地产的人士徵收5%产业盈利税,对此,林文彬指出,他本身还可接受政府的有关决定,该措施对新山的市场来说也不会有太大的影响,只是他与同业认为该措施内容还尚有讨论的空间。

林氏今日出席“大马依斯干达特区:一个大都会的崛起”研讨会开幕仪式后,在场外受访时如是说到。

柔南特区带动新山房地产

他还透露,大马依斯干达特区发展计划的推出,确实带动了新山地区的房地产市场,不仅促使当地土地地价增值及增加高尚住宅的交易量,也提高了柔佛州房地产的交易量。

他指出,在上述发展计划中,发展商依斯干达投资公司扮演催化剂的角色,制造许多工作机会,吸引资金与人口入驻当地,间中引起的滚雪球效应,是活络新山地区房地产市场的原因。

他提到,有关特区发展计划带来的另一个益处,就是消化新山地区之前过剩的房地产,不过,这需要一些时间。

此外,林文彬认为,他看好新山西北区未来的房地产市场,因为相较于新山市中心与新山东北区的发展已趋向饱和状态,新山西北区拥有1至2万亩的土地尚待开发,具有良好条件成为新兴的房地产市场。

他也透露,自97年金融风暴后,新山房地产价格变得稳定,近来的全球经济危机中,当地房地产价格也没受到明显影响,不像首都吉隆坡房地产价格波动幅度剧烈。


Last update: 03-11-2009 05:39

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My tenant didn't pay utility bills!

By Lim Boon Ping, on 01-11-2009 14:53

Views : 4606    

Favoured : 121

Published in : Tips & Advices, Rental & Lease


I've rented a firstfloor office in Taman Molek to a tenant, after a almost a year, the landlord came back to me and inform me that the tenant has owed electricity bills over RM2000, which has way exceeded the utility deposit paid to the owner. Tenaga Nasional Berhad has also sent out warning letter few times indicating that they are going to disconnect the electricity supply. 

Later i found out, the tenant didn't really owe anything. What happened here was that, the TNB meter is inside the building, not visible to the TNB people whenever they came to inspect the meter reading, and the tenant is hardly around. As a result, TNB put in an estimated figures every month, which comes to about RM500 usage per month.

I've gone to the tenant's office, and took down the actualy meter reading, then verify the figures with TNB. TNB officers immediately re-adjusted the bills according to the actual readings. 

Few tips for those of you having the same scenario, i.e. where your TNB meter is not visible to the TNB people, just write down the current meter reading for say every 2 weeks on a piece of paper plus the date, and paste it on the front door. It's simple, isn't it?

One word of advice for all landlords, please always collect the paid utility bills from your tenant at least every two months, and keep track on your tenant's payment to avoid any unnecessary arguments later. 

For your information, one of my client's tenant owed over RM80,000 of water bills over a period of 6 months!

Last update: 01-11-2009 14:53

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