That's Good News! For Malaysia that is. More is to come because since 3-5 years ago I have been stressing how overpriced Singapore's 30 year lease at Tuas ( when u really move in its left 25 years ) cost S$5 million for a detached. Those FREEHOLD LANDED DETACHED at Gelang Patah are selling for just S$1.5 million and you can park 20-30 cars easily.
I had been using the bonded warehouse in Port Klang for simple repacking before sending them out without paying duties.
Slowly the reality of cost impacts will surface between both countries in all these business decisions.
I always tell my business associates this: Singapore housing and properties prices in general will not rise ( its going down ) for the next few years. At least till 2020. Even if it rises after 2020, gone are the days of buy one get one free purchase ( Sell at double the purchase price ) In Malaysia its not that likely too in the near future.
You can even change the packaging too. Print your own boxes.
If you need to proper documentations for Customs purposes especially to claim for duty exemptions under Free Trade Agreements or any bilateral agreements, you need certificate of origins. I do import from Korea and repack them for distribution to Thailand customers, all done at bonded warehouses. No duties nor GST to be paid. Just pay services of bonded warehouses and the forwarding fees.
The big incentive is you pay in RM and in Malaysian costs.
Any updates on the VEP on Malaysia side?
No news is good news.
For those who need to cross over the border from Singapore to Honor Bahru and vice versa, can consider booking with www.sgjbcab.com
I am a small shareholder in the firm and would appreciate if anyone can consider using them. Thanks everyone.
Book your ride online at: SGJBCAB - www.sgjbcab.com
Pre-Schools (Montessori & Academic) in Mount Austin and Bukit Indah
Redwoods Montessori Pre-School - www.redwoods.my
Filigree & Paper quilling https://www.facebook.com/kellysquilling/
It should be working now. www.sgjbcab.com
Last edited by wuqi256; 08-12-2016 at 07:07 AM.
Motorsports: Design of Johor's Fastrackcity unveiled, to feature Formula One-grade circuit
PUBLISHED DEC 6, 2016, 2:08 PM SGT
UPDATED DEC 6, 2016, 3:18 PM
SINGAPORE - Motorsports hub Fastrack Iskandar unveiled the design of its motorsports city on Tuesday (Dec 6), which features a top-grade track suitable for Formula One racing.
The ceremony to unveil the design, held in Johor's Pinewood Iskandar Malaysia Studios, was officiated by Malaysian Prime Minister Najib Razak.
The facility has a targeted completion date of 2019.
At the heart of the motorsports city, a 10-minute drive from the Tuas Second Link, is the 4.45km track. It has received a Grade 1 rating from the Federation Internationale Automobile (FIA), motor sport's world governing body. That is the highest grading, meaning the track can stage F1 races.
The track takes advantage of the natural undulating terrain, with a 60m elevation differential, to give racers an extra challenge. The circuit also features lighting so that races can also be held at night, like at the Singapore Grand Prix, which is currently the sport's only full night race.
The FIA Grade 1 track was designed by Hermann Tilke, whose body of work includes Malaysia's Sepang, Germany's Nurburgring and Hockenheimring circuits as well as Singapore's Marina Bay Street Circuit.
The German said: "This is one of the most exciting motorsports concepts I have ever been invited to work with.
"I truly believe we can build a unique track for motorsports entertainment."
Apart from hosting the pinnacle of motorsports, Fastrackcity will be promoted as a motorsports hub. A 1.5km Commission Internationale De Karting (CIK) kart circuit, a hill climb track, a 4x4 park with obstacles for off-road, four-wheel drive vehicles, an advanced handling park for road-safety training ensures that a wide spectrum of motorsports is catered for.
The well-heeled can also park their supercars in the high-security premises. Food and beverage outlets, a cluster of garage and hospitality facilities, a four-star hotel, family recreational facilities and a park with a lake aim to make Fastrackcity a self-sustaining automotive eco-system that will complement the Singapore-Kuala Lumpur High-Speed Rail and Johor's Iskandar Malaysia vision to become a bustling metropolis.
The motorsports city is a joint venture between FASTrack Autosports, majority-owned by Singaporean billionaire Peter Lim with the Johor royal family as partner, and Malaysia's state-owned UEM Land. The joint venture, costing RM3.5 billion (S$1.1 billion) was first announced in 2012.
Barry Kan, director of FASTrack Iskandar, said: "It has taken FASTrack Iskandar much time and effort to arrive at the finalised design and concept of this lifestyle development.
"We are excited that we are one step closer to developing Asia's premier fully-integrated motorsports facility which will be the go-to destination for the region's motorsports enthusiasts."
Just cleared JB customs about 25min ago and got on the EDL when shortly after a few hundred metres I saw on the other side of the highway a small car with two men driving against the flow of traffic heading towards the checkpoint. What in the world is happening that within a couple of days we see people driving against the flow of traffic on the highway?
This type of drivers likely high on drugs.
Just to share. For those who are looking for wheel alignment in JB.
Can try: No.1 Jln Medan Nusa Perintis 6, Taman Nusa Perintis 11, Gelang Patah.
Just changed 4 tyres and they did the wheel alignment FOC.
Quite fast (5 mins) and rides fine.
Wheel alignment 3.jpg
Don't buy the house. Buy the neighborhood.
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