Real estate Malaysia / TH Lim Property Malaysia

Purchasing properties in Malaysia can be a little more complex at times. You may have run into terms like bumi lots, bumi discounts, bumi quotas and Malay reserved lands. Here we talk about what they are and their implications on the property market. Bumi Quota What is it? Under the New Economic Policy (NEP), the Bumiputera Lot Quota Regulation was introduced as a means to increase Bumiputera shares in real estate up to at least 30%. This means that, as of 1971, developers have had to allocate at least 30% of all property units (be it residential or commercial) to Bumiputeras. Inside Scoop: According to Malaysian law, State Authorities are given full control over land matters and as such, Bumi Quota regulations fall under the State Government’s jurisdiction causing them to differ from state to state. Bumi Lot What is it? Bumi Lots are units of land or property, which can only be purchased and owned by Bumiputeras. These lots are not to be confused with Malay Res

For SALE - 2.5 Storey Bungalow with basement parking Location - Mahkota Cheras, Sg Long Call LIM @ O16 - 2O1 5998 Land area : 94 x 52 sq ft Build up : 11957 sq ft Freehold 10 roooms , 10 baths Huge space of parking Gated n guarded short distance to AEON, banks, school, shops, restaurants etc Asking RM2.6M negotiable for keen buyer only https://youtu.be/OthYJEyW88U

For SALE - Ivory Residences condominium Location : Mutiara Heights, Kajang Call LIM @ O16 - 2O1 5998 -Freehold -1288 sf + 400 sf (Garden) -2 Carpark -Partly Furnished including 4 units Aircond,Built-in kitchen cabinet with Hood & Hob -Maitenance fee only Rm0.18 psf for Full Condo Facilities. 5 tiered security system is provided: - Gated, Smart Card access for all vehicles - 24-hours Guarded - CCTV at single Entry Point into compound - Smart Card access to Lobby Area - Private Floor Access Lift System Facilities & Amenities: -State of Art Indoor Gymnasium -Outdoor Gymnasium -Designer Gardening -Swimming Pool & Wading Pool -Jogging Track -Management Office -Multi-Purpose Hall / Badminton Hall -Children's Play Area and Decking -BBQ Spot -Function Lawn with Water Feature -Piazza and Strip Garden -2 covered Carparks Easy access from highways a) SILK b) Besraya c) SKVE d) Grand Saga e) LEKAS f) PLUS 18 KM to KL(Jalan Loke Yew) Near to