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Property News

gooddebt

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Let's wait for it to get built first, which may take several more years. I suspect Angry Birds may close down in 1-2 years and there could be cannibalisation of Legoland's visitors if the new theme park is started. 2nd link simply cannot take the traffic to sustain the growth rate required.

Perhaps this is where the ferry service from Harbourfront to PH comes in ? Tourists from Sentosa can hop onto the ferry as what is happening in HK/ Macau. These tourists will ensure the success of the all the theme parks.

In fact, I am more concerned about the causeway not being able to handle all human traffic coming into the new units ( R&F, Country Gardens) coming up at Zone A...
 

Frodo

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Perhaps this is where the ferry service from Harbourfront to PH comes in ? Tourists from Sentosa can hop onto the ferry as what is happening in HK/ Macau. These tourists will ensure the success of the all the theme parks.

In fact, I am more concerned about the causeway not being able to handle all human traffic coming into the new units ( R&F, Country Gardens) coming up at Zone A...

If they can upsize the PIE, they can upsize the causeway. But bilateral relations and negotiations always tricky and dicey.
 

Funniman

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NUSAJAYA: Pinewood Iskandar Malaysia Studios (Pinewood Studios) is capable in offering up to 11,300 jobs between 2013 to 2020.

State Tourism, Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said during the same seven-year period, Pinewood Studios also targets to achieve about RM1.9 billion in foreign investment.

“This follows interest in Pinewood Studios by foreign film-making production companies due to the many facilities offered there,” he said, adding that it includes equipment rental, media production networks, distribution and also marketing activities.

Tee said this in reply to a question by Datuk Dr Adham Baba (BN-Pasir Raja) 13th state assembly in Kota Iskandar here today.

“With that, the establishment of Pinewood Studios not only allows a transfer of technology and specialty skills, but also other economic benefits to the hospitality industry, logistics and also food within the Nusajaya area.
 

PuteriWorld

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I don't think there are dorms in Pinewood itself. More staff and jobs for Pinewoods means more demand for rental of condos in Medini,, Sunway and PH.

Indeed, its quite exciting to think of all these when Pinewood sprawling building is just a big tract of bare land and naysayers were giving all sorts of negative comments about it just 3-5 years ago
 

Funniman

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I don't think there are dorms in Pinewood itself. More staff and jobs for Pinewoods means more demand for rental of condos in Medini,, Sunway and PH.

Indeed, its quite exciting to think of all these when Pinewood sprawling building is just a big tract of bare land and naysayers were giving all sorts of negative comments about it just 3-5 years ago

People in the entertainment industry would flock together.
Exciting times for PH and Medini. Not so much for landed but definitely the condos would be in demand. In the end of the day, winners for all. Yes, only those procrastinators loses out.
 

FHBH12

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Bumi-released lot is not equal to a non-bumi lot: "A purchaser should also keep in mind that a “released” Bumi Lot does not make it a non-Bumi Lot. Meaning that once the non-Bumi owner of the Bumi Lot chooses to sell to a non-Bumi, he will have to reapply for the Land Office’s consent for transfer of ownership."

4 Bumi Attributes You Should Know About Malaysian Properties
http://loanstreet.com.my/learning-centre/Bumi-Land-Jargons-Explained

(based on a link someone sent to me)
 

FHBH12

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House price hike only temporary
Nov 17, 2014

Any increase in home prices after the implementation of the Goods and Services Tax in April will only be temporary, said Deputy Finance Minister Datuk Ahmad Maslan.

This is because various measures have already been put in place to curb the rise.

Among the measures are increasing home prices for foreigners from RM500,000 to RM1 million, raising real property gains tax from 15 percent to 30 percent and prohibiting developers from undertaking projects based on the Development Interest Bearing Scheme, said Ahmad after officiating the closing of a GST information session as well as a briefing on current issues at the Masjid Tanah Parliamentary constituency yesterday.

Based on a study conducted by the Real Estate Housing Developers Association of Malaysia (REHDA), house prices are expected to increase by three percent post GST.

However, Ahmad noted that the figure could only be one to two percent based on the Finance Ministry and the Customs Department’s calculations.

Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]

http://www.propertyguru.com.my/property-news/2014/11/72815/house-price-hike-only-temporary
 

UsernameX

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Malaysia property show again at MBS by property guru. 6th - 7th Dec 10-7

Anyone is going? Dont think will be much sales there, last malaysia property show same location quiet, no announcement on property guru on sales achieved. (means poor sales IMHO)
 

PuteriWorld

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We have to understand that in the property industry and market, ups and downs are normal.

If property prices remain high and never dip, I will worry
 

malpaso

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http://www.theedgemarkets.com/en/node/169798

"KUALA LUMPUR: The property market will not see a downturn in 2015, despite the slowdown over the past three quarters, said Malaysia Institute of Estate Agents (MIEA) president Siva Shanker.

He also expects the property market to pick up in 2016 and 2017. Siva was giving a talk at the Annual Malaysian Market Outlook — Rounding Up 2014 on Tuesday.

“The favourable outlook is due to a healthy national economy and low foreign investment exposure of 5% compared with Singapore’s 40%. We believe the property market will be consolidated in 2015 before peaking again in 2016 and 2017 based on the property cycle over the years,” said Siva.

siva_theedgemarketsBesides Siva, the property outlook on the three major property segments of the Klang Valley, Johor and Penang was presented by other MIEA representatives and Y Y Lau from JLL Property Services (Malaysia) Sdn Bhd.

In Penang, increased activity is expected in Simpang Ampat, Juru and Tambun on the mainland stemming from the second bridge which created additional access to and from the island, Penang airport and industrial areas.

MIEA Penang state branch chairman Mark Saw said investors will capitalise on the improved infrastructure.

MIEA Johor state branch chairman S Vadeveloo said the Johor property market will be healthy going into 2015 as investments are supported by positive economic growth in Malaysia and Singapore.

“This will help sustain demand. Although the slowdown is expected, it will be short term,” said Vadeveloo.

However, Vadeveloo is cautious about the sustainability of property prices in Iskandar Malaysia, especially for high rise-apartments and retail space.

“Ample supply and whether demand can keep pace with incoming supply is causing concern [over prices] of condominiums and retail spaces,” said Vadeveloo.

Meanwhile, landed homes will continue to be popular and should prices in the primary market continue to trend upwards, Vadeveloo expects buyers to veer towards the secondary market where prices are between 20% and 30% cheaper compared with similar products in the primary market.
 

snowbird

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The Johor government will seize Malay reserve land which had fallen into the hands of non-Malays.

Menteri Besar Datuk Seri Khaled Nordin said several action plans would be enforced to seize land which rightfully belonged to Malays.

“This shows that we did not neglect our responsibility in defending or increasing the size of Malay reserve land,” he said to questions from Datuk Maulizan Bujang
(BN-Tiram), Ayub Jamil (BN-Rengit) and A. Aziz Ismail (BN-Senggarang) at the Johor state assembly sitting here yesterday.

However, he did not elaborate on what the action plans were nor the size of Malay reserve land which had changed hands.

Khaled said Johor had 432,157ha of Malay reserve land as of last September, compared with 87,536ha in 1957.

“In the Iskandar Malaysia economic region, the size of Malay reserve land is 23,517ha, compared to 1,921ha in 1957.

These include land in Johor Baru and in Kulaijaya.

“This clearly shows that the acreage of Malay reserve land in the economic region has grown in size, and not the other way round.

“In fact, the size of Malay reserve land has grown by 12 times as compared to 1957,” he said.

https://sg.news.yahoo.com/johor-seize-malay-land-non-001539205.html



Make double sure that your house you purchased or considering to purchase is not former "Reserved Land" otherwise be prepared for BIG PROBLEMS!!!
Remember someone had said something earlier like "everything can be gone with a stroke of a pen".
 
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RedsYNWA

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The Johor government will seize Malay reserve land which had fallen into the hands of non-Malays.

Menteri Besar Datuk Seri Khaled Nordin said several action plans would be enforced to seize land which rightfully belonged to Malays.

“This shows that we did not neglect our responsibility in defending or increasing the size of Malay reserve land,” he said to questions from Datuk Maulizan Bujang
(BN-Tiram), Ayub Jamil (BN-Rengit) and A. Aziz Ismail (BN-Senggarang) at the Johor state assembly sitting here yesterday.

However, he did not elaborate on what the action plans were nor the size of Malay reserve land which had changed hands.

Khaled said Johor had 432,157ha of Malay reserve land as of last September, compared with 87,536ha in 1957.

“In the Iskandar Malaysia economic region, the size of Malay reserve land is 23,517ha, compared to 1,921ha in 1957.

These include land in Johor Baru and in Kulaijaya.

“This clearly shows that the acreage of Malay reserve land in the economic region has grown in size, and not the other way round.

“In fact, the size of Malay reserve land has grown by 12 times as compared to 1957,” he said.

https://sg.news.yahoo.com/johor-seize-malay-land-non-001539205.html



Make double sure that your house you purchased or considering to purchase is not former "Reserved Land" otherwise be prepared for BIG PROBLEMS!!!
Remember someone had said something earlier like "everything can be gone with a stroke of a pen".

If buying from established developers, their lawyers will ensure that it's not Malay Reserved Land..... The established developers are not stupid too. If it's small developer, then there may be a problem......
 

potter

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Loyal
The Johor government will seize Malay reserve land which had fallen into the hands of non-Malays.

Menteri Besar Datuk Seri Khaled Nordin said several action plans would be enforced to seize land which rightfully belonged to Malays.

“This shows that we did not neglect our responsibility in defending or increasing the size of Malay reserve land,” he said to questions from Datuk Maulizan Bujang
(BN-Tiram), Ayub Jamil (BN-Rengit) and A. Aziz Ismail (BN-Senggarang) at the Johor state assembly sitting here yesterday.

However, he did not elaborate on what the action plans were nor the size of Malay reserve land which had changed hands.

Khaled said Johor had 432,157ha of Malay reserve land as of last September, compared with 87,536ha in 1957.

“In the Iskandar Malaysia economic region, the size of Malay reserve land is 23,517ha, compared to 1,921ha in 1957.

These include land in Johor Baru and in Kulaijaya.

“This clearly shows that the acreage of Malay reserve land in the economic region has grown in size, and not the other way round.

“In fact, the size of Malay reserve land has grown by 12 times as compared to 1957,” he said.

https://sg.news.yahoo.com/johor-seize-malay-land-non-001539205.html



Make double sure that your house you purchased or considering to purchase is not former "Reserved Land" otherwise be prepared for BIG PROBLEMS!!!
Remember someone had said something earlier like "everything can be gone with a stroke of a pen".

Kulaijaya is only small dot on Johor Bahru map..:p

Talk abt kulai, ioi bot lots of land there..:rolleyes:
 
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malpaso

Alfrescian
Loyal
The Johor government will seize Malay reserve land which had fallen into the hands of non-Malays.

Menteri Besar Datuk Seri Khaled Nordin said several action plans would be enforced to seize land which rightfully belonged to Malays.

“This shows that we did not neglect our responsibility in defending or increasing the size of Malay reserve land,” he said to questions from Datuk Maulizan Bujang
(BN-Tiram), Ayub Jamil (BN-Rengit) and A. Aziz Ismail (BN-Senggarang) at the Johor state assembly sitting here yesterday.

However, he did not elaborate on what the action plans were nor the size of Malay reserve land which had changed hands.

Khaled said Johor had 432,157ha of Malay reserve land as of last September, compared with 87,536ha in 1957.

“In the Iskandar Malaysia economic region, the size of Malay reserve land is 23,517ha, compared to 1,921ha in 1957.

These include land in Johor Baru and in Kulaijaya.

“This clearly shows that the acreage of Malay reserve land in the economic region has grown in size, and not the other way round.

“In fact, the size of Malay reserve land has grown by 12 times as compared to 1957,” he said.

https://sg.news.yahoo.com/johor-seize-malay-land-non-001539205.html



Make double sure that your house you purchased or considering to purchase is not former "Reserved Land" otherwise be prepared for BIG PROBLEMS!!!
Remember someone had said something earlier like "everything can be gone with a stroke of a pen".

the question is how the hell did Malay reserved land get into the hands of a non-malay.
in fact, we malaysians know all about MRL. there are fantastically located condos in KL that are on MRL, so only malay buyers are entitled. they aren't that great investments actually - they don't appreciate much.

other than MRL, there are also orang asli (indigenous folk) reserved lands. normally these special reserve lands have some history so I am really curious how these lands were somehow sold to non malays such that the MB is now taking retrospective action to seize back these lands. pening kepala!!
 

snowbird

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the question is how the hell did Malay reserved land get into the hands of a non-malay.
in fact, we malaysians know all about MRL. there are fantastically located condos in KL that are on MRL, so only malay buyers are entitled. they aren't that great investments actually - they don't appreciate much.

other than MRL, there are also orang asli (indigenous folk) reserved lands. normally these special reserve lands have some history so I am really curious how these lands were somehow sold to non malays such that the MB is now taking retrospective action to seize back these lands. pening kepala!!


Its all about MONEY!
Projects reserved and awarded to bumis but were in turn were sold by them to non-bumi for a profit (commonly known as Alibaba contract) has been happening for ages!
Perhaps now, some people are making noises about the rapid development in Johor that's disadvantaging certain group of people and probably it was also discovered that plots and plots of "Reserved Land" were indeed sold to non Malays........
 

Funniman

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Its all about MONEY!
Projects reserved and awarded to bumis but were in turn were sold by them to non-bumi for a profit (commonly known as Alibaba contract) has been happening for ages!
Perhaps now, some people are making noises about the rapid development in Johor that's disadvantaging certain group of people and probably it was also discovered that plots and plots of "Reserved Land" were indeed sold to non Malays........

Yes. It is all about money. And it is all about greedy yet naive buyers who try to go around the system.
Do not buy Bumi lots or "released Bumi lots" or "Assigned" Malay reserved land. Do not believe these agents who say these are converted international lots or whatever. Even lawyers will tell you buying through assignment basis is perfectly ok.
It is not OK as someone's name in the title deed. You will have big time problems when you try to sell the property which is registered in someone's name and that guy gone missing or deceased. Then his next of kins come claiming through the legal system.
 

malpaso

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Talking about that, just read this earlier. Even a seemingly ordinary land title with your name on it can cock up! This is the kind of stuff that happens in malaysia! pening kepala!

http://www.themalaysianinsider.com/...ses-home-due-to-gombak-land-office-negligence

""A man who had his land acquired without his knowledge today lost all legal recourse to get justice when the Federal Court yesterday refused to grant leave for his appeal.

Ishmael Lim Abdullah, 53, will now have to vacate the 5,000 sqm land in Templer’s Park which he had been occupying for 40 years and get a miserly compensation of just RM6,000 – the amount that the government deposited to the courts in 1974 to acquire the property for a military school.

In a unanimous decision, the five-man panel – Tan Sri Ahmad Maarop, Tan Sri Hassan Lah, Datuk Zainun Ali, Datuk Seri Abu Samah Nordin and Datuk Ramly Ali – said Ishmael’s application did not make the threshold for leave to be granted.



The court also awarded cost of RM5,000 each to respondents the Federal Land Commissioner and the Gombak Land Office which failed to register the acquisition in the first place.
The ruling sends alarm bells to all land owners as it means land titles are not safe anymore and land owners will pay the price for negligence by the land office.

In Ishmael’s case, as the acquisition was not registered by the Gombak Land Office, his father did not realise he was buying encumbered property from a Singaporean in 1975. Even when the title was passed to Lim in 1992, the acquisition was not registered.

Lim was hoping that he would be paid compensation equivalent to the current market value of RM1.5 million.

But, as the appeal was dismissed, this means the offer in 1974 still stands.

This also means Ishmael who has spent close to RM100,000 in legal bills will only get RM6,000.

The Federal Court did not address the issue of the military college now moved to Putrajaya, hence the original intention for the acquisition is not valid.

There are fears that the land where Ishmael used to run a nursery will now be converted for commercial reasons.

Ishmael’s lawyer Trevor George De Silva pleaded that his client had been paying his quit rent diligently.

Prior to the appeal, the lower courts had heard that Singaporean Lim Cheng Kim did not know that the land had been acquired when she sold the land to Ishmael’s father.

When buying the land, Ishmael’s father made checks with the land office then which indicated it was without any encumbrances. Ishmael inherited the land in 1992 and the transfers were done at the Gombak Land Office.

He even charged the property to a bank for a loan in 1993.

On March 9, 2005, the Gombak Land Office issued him an eviction notice saying his land and 12 other plots have been acquired for the military college. Between 1993 and 2005, five land searches confirmed Ishmael as the registered owner of the property.

Ishmael took the Federal Land Commissioner and the Gombak Land Office to court on April 7, 2005, to challenge the eviction notice.

The High Court then ruled to keep things at status quo until Ishmael and the land administrators sort out the land issues.

In spite of this order, the Land Office proceeded to cancel Ishmael’s ownership of the land. But his name was reinstated after he filed contempt proceedings.

He eventually lost the High Court case and later at the Court of Appeal which held that the land acquisition process began in 1973 and was completed in 1974, hence the land belonged to the state.

The Court of Appeal ruled the previous owner, no longer has good title of the land. Therefore, the transfer of the land to Ishmael's father was null and void.

Notably, the Court of Appeal held that the enforcement of "Form K" to register the acquisition – a requirement under the National Land Code – was merely a formality and not fatal to the acquisition process.

The Court of Appeal also held that although Ishmael has been paying quit rent, assessment fee and was able to charge the land for a bank loan, it "does not prove that his title is indefeasible".

Speaking to The Edge Financial Daily, Ishmael said he had lost everything fighting for his rights.

“I did everything by the book.

“I have lost my home and incurred more debts. How is this right?” said a teary Ishmael. – The Edge Financial Daily, November 19, 2014.

- See more at: http://www.themalaysianinsider.com/malaysia/article/man-loses-home-due-to-gombak-land-office-negligence#sthash.6JLkCiC5.dpuf"
 
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