Real estate Malaysia / TH Lim Property Malaysia

1) Accessory parcel — not a decorative  patch of land, but any parcel shown in a  strata plan that is used exclusively by the  homeowner. A common example is the  car park bay. 2) Assessment tax — or “cukai pintu” as  it is known in Bahasa Malaysia. It is payable twice a year to the respective local  authorities to finance the maintenance  cost of the city such as waste transportation, landscaping and street lights. It  is payable on or before every 28th FEB and  on or before every 31st AUG . 3) Base rate (BR) — a floating interest  rate determined by financial institutions  in Malaysia, based on their benchmark  cost of funds and the Statutory Reserve  Requirement. The reserve funds banks are  required to maintain under Bank Negara  Malaysia guideline. Different banks offer different BRs, with current rates hovering between 3% and 3.95%. Depending on their own efficacy in contro...