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Puteri Harbour Community
- Thread starter Qube3
- Start date
I must say that I am very impressed with all the gurus here and your willingness to share knowledge. Thanks 
Thinking if I should get a second unit at teega. Leftover choices are limited. Looking at tower a very high floor s4. Facing straits and second link. Have some west sun. My aim is for capital gains. Or should I wait to get a small marina facing unit.. Dilemma is psf for teega is too gd to ignore.
Teega as i understand correctly is temporary closed for sale pending price revision. it will be relaunched sometime next year. those who bought it earlier sets to gain
Great! HSBC is also a panel now. Do I have to get loan approval within 14days or XXdays to be eligible for DIBS?
KL is interesting with all the MRT routes taking place. Definitely exciting times ahead.
Yes, there are 2 stamp duties + legal fee to be paid. First on the S&P Agreement & MOT based on the purchase price. Second one, if you take a loan there is another legal fee and stamp duty based on the loan amount.
For TEEGA, as I understand:
1) The Stamp Duty on S&P Agreement & MOT is to be paid by Purchaser. This will need to be paid around completion. However, UEM will cover the related Legal Fee.
2) The will also cover the Stamp Duty + Legal Fee on loan documentation (in addition to the interest during progressive payment) ONLY if you opt for the DIBS.
I dont think there is a deadline, as long as you have signed a form electing the DIBS and returned to UEM. However, please check with Sales or your assigned lawyer just to make sure.
Already alot of Japanese and Korean construction firms are making their way to KL and waiting to embark on mega projects like the Tun Razak Exchange.
"KUALA LUMPUR: Mega projects under the Economic Transformation Programme (ETP) are expected to boost the construction sector to record 11.5 per cent growth year-on-year in 2013.
Alliance Research Sdn Bhd said a total of 149 projects had been announced with a total committed investment of RM212 billion and were expected to generate gross national income of RM137.6 billion in 2020 and create 410,892 jobs.
"The construction sector will likely benefit the most from the ETP investments, with an expected growth rate of 11.5 per cent in 2013.
"While the construction sector itself constitutes a relatively small 3.6 per cent of total gross domestic product compared to services and manufacturing, the multiplier effects from this sector are high given its linkages to other major sub-sectors of the economy," it said in a research note.
Master Builders Association Malaysia (MBAM) said the construction jobs will continue to come from projects under the 10th Malaysia Plan, ETP, Entry Point Projects, Greater Kuala Lumpur, Rural Transformation Programme and Urban Tranformation Programme.
MBAM said to ensure the completion of the projects according to schedule, the government and the private sector must work closely together to ensure they were implemented in a timely manner as the costs will increase if they were delayed.
The association also urged the private and public sectors to work closely to remove bottlenecks on the supply side, in particular foreign skilled labour, in order for the sector to remain robust and continue drive the local economy.
It said for the local contractors to stay competitive against the foreign contractors, it was important for them to undertake continuous efforts to upgrade skills and knowledge, which included internationally-recognised accreditation schemes and meeting world class standards.
"As part of a broader capacity-building process, where builders or contractors are concerned, there is a need to comprehensively integrate and more efficiently utilise new construction methods, practices and technologies in delivering high quality work on par or better than the foreign contractors.
"Equally important, our businesses and organisations need to adhere to the highest standards of accountability and integrity which are critical success factors in enhancing confidence of the global markets in their quality, integrity and productivity," it said.
It said the government could encourage more contractors to go for 'green' buildings by considering grants for the development of 'green' products and technology in Malaysia apart from concentrating on tax incentives.
Going forward, it said, the problems of the shortage of skilled and unskilled workers would weigh on the construction industry.
"At present, there is a critical need to replenish the pool of skilled construction manpower, as the majority of the workers are already ageing.
"It is estimated that 35.1 per cent of local construction personnel would reach the age of 50 and above five years from now.
"The government needs to prepare a long-term strategic plan to address this problem," it said.
MBAM hoped the government would allow the importation of foreign workers from more source countries in Asean, China and India to meet the increased and sustained demand for construction workers especially for the mass rapid transit and other mega projects.
"The government should also need to seriously consider extending the working permit of skilled foreign workers for more than 10 years.
"Although there is a need to limit the number of foreign workers, the gradual limitation of foreign workers in this country must be balanced with the need to provide sufficient numbers of skilled construction workers so that they can contribute towards the economy," it said.
- BERNAMA"
I would defer to the learned ones here but i would think likely in March to be fully operational.
Checked with my lawyer and there is no deadline. Might have to opt for the rebate option for one of my units.
Sorry the file got corrupted, I put a new one up and tested it. https://skydrive.live.com/redir?resid=C4CD3DF08072BEA!398&authkey=!AISLy2afWyf3YJ8
I have bought S4 unit as well on top of the office tower.. i think it's a real good deal for the price.. view definitely unblocked and the quantum after rebate is around 1.1M.. also my assessment, not many units available in puteri harbour area with 1600+ sft, so competition in the future for rental will be lesser..
Hi there, I'm a S4 purchaser as well.. future neighbour!
which floor did you buy? I opt DIBS, even if you have cash, you put it in bank fixed deposit, it will generate 3% per year.. so the 10psf rebate from UEM will not cover..So you are the one who beat me out for the top floor.... we are just below the top floor I think 33rd (is it 39 including parking and commercial floors? 39 sounds better)Hi there, I'm a S4 purchaser as well.. future neighbour!
What you are saying with the cash term deposit earing interest while my loan is interest free is what I was wondering about. I have to run the numbers again this weekend, can I leave the lump sum in and handle the principle payments, or do I need to draw down my cash as I go, and what impact that will have on interest earned
I agree on the rental prospects, 1600 sqft and being above the office wing appears to be a positive. My intention is to live there but I may be shipped off somewhere else and have to rent this out. 4 bathrooms though, seems overkill, I was thinking of extending the livingroom or bedroom 2 in place of the bathroom between them?
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