property

Diving into the minds of Malaysia’s future designers

By Gunaprasath Bupalan (YouTube – Emjay Communications / www.newshubasia.com / www.ihaus.com.my / www.property360digest.com / www.malaysiaglobalbusinessforum.com Launched in 2008, the Asia Young Designer Awards (AYDA) was a vision by Nippon Paint to nurture the next generation of design talents in the country. The significance of this vision is for the betterment of the architectural industry. Architectural design values strongly influences an architect and designer’s when they make their design decisions. However, architects and designers are not always influenced by the same values and intentions. Having said that, introducing new talents to the industry on a yearly basis could and would be crucial to the betterment and growth of the industry. AYDA has now, 11 years later, establis...Read More

Dulux Art Jam Adds a Splash of Colours for Raya Home Decorations

Dulux, one of Malaysia’s leading decorative paint brands organises an art jam workshop to help complete your home makeover this Raya. By Gunaprasath Bupalan (Emjay Communications / The Malaysian Global Busines Forum / News Hub Asia / iHaus / Property360Digest) Kuala Lumpur, April 2019 – Hari Raya is a time for renewal, whereby family and friends reaffirm bonds by catching up at each other’s open houses, over home-cooked food. It is because of this celebration that many families choose to spruce up their homes with a fresh coat of paint. Riding on the spirit of fostering bonds, Dulux – the leading decorative paint brand of AkzoNobel – and Dr Eric Leong, Malaysian renowned designer and also the Head of Interior Architecture & Design School of One Academy, have partnered to host a worksho...Read More

Villamas enhances the Seri Kembangan skyline with meta_city

By Gunaprasath Bupalan (Emjay Communications / The Malaysian Global Busines Forum / News Hub Asia / iHaus / Property360Digest) Located near the northern end of the PLUS Expressway Southern Route, Seri Kembangan needs little introduction to property enthusiasts. History would tell us that Seri Kembangan was established as the Serdang New Village in 1950 when the British moved Malaysian Chinese villagers living around Sungai Besi to a centralised location due to the Communist threat during the Malayan Emergency as part of the Briggs Plan. In its early days, the village had 50 houses and all were built from scratch because the British only provided empty plots of land. The area was close to rubber estates and the jungle posed dangers of a different kind. Most of the 15,000 inhabitants earned ...Read More

Lendlease ‘Projek Komuniti Kita’ makes a difference in Perumahan Awam Sri Selangor

  By Gunaprasath Bupalan – Emjay Communications / Property360Digest / ihaus.com.my / NewsHubAsia / Malaysia Global Business Forum Kuala Lumpur, March 2019 – Two (2) local public housing communities in Kuala Lumpur received support from Lendlease through ‘Projek Komuniti Kita’- a community partnership project in collaboration with local social enterprise, Surprise Ventures. The project aims to support local community growth and development through infrastructure enhancements and upgrades, arts, culture and sports. Perumahan Awam (PA) Sri Selangor and PA Hang Tuah were the first beneficiaries of the program which received refurbishments to their futsal courts, breathing new life into the community’s common gathering space for recreation and sports. Opportunities for children livin...Read More

Industrial Building System (IBS) – what is it actually? Best understood visually

By Gunaprasath Bupalan – Emjay Communications / Malaysia Global Business Forum / News Hub Asia / iHaus / Property360Digest / Facebook – Property360digest / Linked-in – Gunaprasath Bupalan / Instagram – Property360Digest https://youtu.be/GltVoqNaXCs – Snippet of IBS (watch how quick construction actually is and the savings one could benefit from using IBS The year 2019 marks ICW’s 21st edition bringing together construction industry players to showcase, learn, build partnerships and share innovative ideas in this region’s biggest construction event. The event began on 18 March 2019 and will end on 21 March 2019, held at MITEC, Kuala Lumpur, Malaysia. In line with ICW 2019, we found it appropriate to share our knowledge on one of the most intriguing inclusions i...Read More

Gamuda IBS replicates its successful RSKU projects constructed by Digital IBS – Idaman Residensi

By Gunaprasath Bupalan – Emjay Communications / Property360Digest / MalaysiaGlobalBusinessForum / NewsHubAsia SELANGOR CYBER VALLEY, 4 March 2019 – For the first time ever, Yang Amat Berhormat Tuan Amirudin Shari, Dato’ Menteri Besar Selangor officiated a digital Industrialised Building System (IBS) project under the Rumah Selangorku initiative at the Idaman Residensi apartment at Seksyen 6, Selangor Cyber Valley on 2 March. At the event, Perbadanan Kemajuan Negeri Selangor (PKNS) Corporate Communications Manager Ishak Bin Hashim said that their commitment to develop Idaman Residensi was in line with the Ministry of Housing and Local Government’s goal to build one million affordable homes over the course of the coming 10 years. PKNS Property,  a subsidiary of PKNS seems to be confide...Read More

Exclusive – Datuk Chang Kim Loong gets awarded

The National House Buyers Association Gunaprasath Bupalan – www.property360digest / www.malaysiaglobalbusinessforum.com / www.newshubasia.com In conjunction with the 80th birthday of the TYT Tun Dato Seri Utama (Dr) Haji Abdul Rahman b Hj Abbas, the Governor of Penang, the honorary secretary-general of the National House Buyers Association (HBA), Chang Kim Loong AMN, was conferred the Award of Darjah Setia Pangkuan Negeri (D.S.P.N.) (The Order of Chivalry) for extraordinary and meritorious service rendered to the State and Country. The Award was officially bestowed to him on Wednesday, 18 July 2018 at Wisma Sri Pinang, Penang Island and the honorific carries the title of ‘Datuk’. We managed to interview Datuk Chang Kim Loong DSPN, AMN with some pertinent questions that relates to the...Read More

RPGT won’t hurt genuine buyers

Banning DIBS is the right move FOR many years, the National House Buyers Association (HBA) has been urging the Government to take measures to stem the steep rise in property prices to avoid a “homeless generation” as current property prices are far beyond the reach of many low and middle-income families in urban and suburban areas. This is a ticking time bomb that will result in many social problems if left unchecked. Real Property Gains Tax (RPGT) The announcement of the revised rate of tax on gains made in the disposal of properties, namely, the Real Property Gains Tax (RPGT), formerly known as the Anti Speculation Act, under Budget 2014 is far more superior to what had been proposed under Budget 2013 (See table above) This is because, typically, if the property is purchased directly fro...Read More

Rising assessment rates and your rights

Zero engagement, public relations exercise non-existent THE simple, routine exercise of a property revaluation in the city of Kuala Lumpur has somehow turned controversial due to the lack of apparent justification, given the magnitude of the increase and scarcity of explanation. Perhaps, the people in Government think there is no need for some form of elementary public relations and that having power is enough. There was practically no public engagement, consultation or attempt to seek feedback from stakeholders. If such a simple task as revaluing the properties in Kuala Lumpur cannot be carried out diligently and in a responsible manner, I am concerned with the impending introduction of the more complex goods and services tax (GST). Will the levy and collection of the GST be properly hand...Read More

Rent or buy houses: The HBA’s guide to finding the right time

KUALA LUMPUR, April 5 ― Stumped on when is the right time to stop renting? Not sure if you should defer buying a house? The National House Buyers Association (HBA) has some tips. HBA honorary secretary-general Chang Kim Loong explained that since rental does not build personal equity, renters should consider both market conditions and their financial standing. “In our opinion, it is only worth renting if the monthly rentals are approximately 50 per cent or less than the monthly loan installments required to take a housing loan of the same value,” he said. Chang gave an example of a prospective buyers eyeing a 30-year RM300,000 housing loan at a 4.6 per cent interest rate, which results in a monthly installment of RM1,538. “If the buyer has not saved enough money to buy the property and has...Read More

Purchasers’ risk in progressive payment

THE National House Buyers Association (HBA) has complained to the Minister and those under his charge about purchasers becoming victims when they lose their homes as a result of foreclosure proceedings taken against them by banks to recover loans taken by developers secured by purchasers’ houses bought from the same developers, because the said developers did not settle the loans taken by them. The crux of the problem is that the Housing Ministry-prescribed sale and purchase agreement (SPA) allows the developer to build the purchaser’s house with the instalments of the purchase price paid by the purchaser from the day the SPA is signed. On top of this, and even more seriously, the developer is allowed to borrow from the developer’s banks on the security of the purchaser’s property. The pur...Read More

Pre-requisite condition for licensing of a housing developer

It is noteworthy that the Housing and Local Government is providing further protection to house buyers against the antics of irresponsible developers. The recent amendments to the Housing Development Act comes to mind. One of the most pertinent clause that was amended is Section 6(1)(b) of the Housing Development (Control & Licensing) Act, 1966. The matter refers to the amendment to the requisite deposit, which is refundable, from the current RM200,000 to 3% of the construction cost. Small developers who build small number of houses in the smaller towns and where total construction cost is RM2mil or less, the RM200,000 that they are currently forking out actually represents over 10%. Therefore, for them the new 3% is actually a vast reduction! To a big project developer whose construct...Read More

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