really? insider source or official? din hear anything lei.
It cannot be canned unilaterally by MY. SG has not officially said anything. Likely to be in e midst of discussions.
Spore ABSD and SSD are applied only on properties that are bought on and after the implementation date i.e properties that are bought earlier than the implementation date are not affected by SSD when selling. So no impact on prior purchases. As for new purchases, investors have a choice before buying whether to proceed base on the ABSD/SSD rate and holding duration.
Msia RPGT and Rm1m for foreigner rule are applied on all properties whether bought before or after the implementation date. There is impact on prior purchases and investors who have bought earlier have no choice but to accept.
Spore method is thus better for investors who have a choice before buying whether to proceed and after buying they have the peace of mind that prior purchases are not affected.
I read this from an article somewhere, maybe from PropertyGuru. Gimme sometime to dig that out.
It's not the RTS from Tg Puteri (in JB) to Woodlands. I was referring to the "proposed" MRT network within Johor.
You have so many 'brothers', they will never stop lah....please share with your forumer brothers as well. Maybe can also indicate price range , I think many are keen at 'just above 500K'.
I read this from an article somewhere, maybe from PropertyGuru. Gimme sometime to dig that out.
It's not the RTS from Tg Puteri (in JB) to Woodlands. I was referring to the "proposed" MRT network within Johor.
Thank you for sharing the link.
May I copy and paste here for easy reference, and further discussion:
Note: Pls consult yr lawyer for confirmation. Not sure if there is any changes after the latest budget announcement.
I am going to City Sq to meet a top JB lawyer for company matters. Will take the opportunity to ask him then, FOC. Haha....
Oh TQ so very much!
Btw, it seems the foreign property investors in JB are quite 'cool' to the new announcement. How come har? Very few small fly like me, I guess all must be super rich investing in high-end properties, so not affected at all! Or issit angry until cannot talk? Hahaha! Lucky didn't commit another unit at HH although left a cheque with them to show interest, they no hue me, so didn't call me at all. Wondering whether must take back the cheque from them; it was issued to their lawyer name something like Omar something....for RM30K, but w/o the date.
Oh TQ so very much!
Btw, it seems the foreign property investors in JB are quite 'cool' to the new announcement. How come har? Very few small fly like me, I guess all must be super rich investing in high-end properties, so not affected at all! Or issit angry until cannot talk? Hahaha! Lucky didn't commit another unit at HH although left a cheque with them to show interest, they no hue me, so didn't call me at all. Wondering whether must take back the cheque from them; it was issued to their lawyer name something like Omar something....for RM30K, but w/o the date.
as for me, I am hot! this 1m MYR requirement is appraised by the state. so even if someone is willing to pay 1m for my apartment but if the state govt doesn't value it as such, I cant sell it to a foreigner. and this is the sickening thing. market value is not equal to state appraised value. this is screwed up IMO.
I have a rare reversed case. The bank valuation is $100 to 150k from 2 different banks below what the State valued. Is there a back door approach?
I am waiting to see what the 3rd bank valuation is like.
Why must there be bank valuation and state valuation and why they differ? Both employ professional valuers, right?
I have a rare reversed case. The bank valuation is $100 to 150k from 2 different banks below what the State valued. Is there a back door approach?
I am waiting to see what the 3rd bank valuation is like.
I have a rare reversed case. The bank valuation is $100 to 150k from 2 different banks below what the State valued. Is there a back door approach?
I am waiting to see what the 3rd bank valuation is like.
Most of the forummers are cool cos they bought properties that are more than 1m... unlike me who bought a under 1m. so since it doesn't affect them, they dun have anything to say.
as for me, I am hot! this 1m MYR requirement is appraised by the state. so even if someone is willing to pay 1m for my apartment but if the state govt doesn't value it as such, I cant sell it to a foreigner. and this is the sickening thing. market value is not equal to state appraised value. this is screwed up IMO.
But oh well. I already knew the MY govt changes their policy every so often so it was a lucky thing it is only a small investment. anyway my problem is 3 years down the road so I will worry abt it later. meanwhile, there are more mei meis waiting for me.
I am equally as curious. Sharing so ppl are make aware.
Ok, wait a minute.. I am abit confused.
This bank valuation and state appraisal thing, is it done at time of buying ( buyer pay, for purpose of borrow loan) or is it done at time of selling (seller pay so that he knows he is not overpaying, and also for loan application).