Real estate Malaysia / TH Lim Property Malaysia

SINKING FUND: The call for accountability After eight years of living in his condominium, Hisham was suddenly informed that he had to pay a sinking fund contribution. But the contribution was supposed to come from the maintenance fees that he had been paying promptly, and now Hisham is confused. His condominium developer collected sinking fund contributions, but the swimming pool, gymnasium, security system and common areas remained in a neglected state of disrepair. Another group of buyers were upset that the sinking fund was used to off set “current liabilities” by their Joint Management Body (JMB). John Cheah tells us that his sinking fund is “zero”, his Management Corporation (MC) having utilised it for purposes he is not aware of. Yet another group of owners complained that their developer allegedly passed the sinking fund to a now defunct managing agent. The name “sinking fund” is not meant to be taken literally, but in some stratified developments, there are sinking funds

For SALE - Amadesa Resort Condo, KL City view Location   - Taman Desa Petaling, K.L Call LIM @ O16 - 2O1 5998 for personal assistance 1) Built up - 1029 sqft 2) Leasehold 3) Fully Furnished (except sofa) - 3 air conds, 2 water heaters, full set kitchen cabinets, dining table, wardrobe, bedroom fully furnished and so on 4) 3 bedrooms & 2 bathrooms 5) with balcony and facing KLCC view 6) very nice landscape 7) excellent management. 8) maintenance fees RM218 Block B is the main block where management office/swimming pool/kindergarten/mini market and many other facilities located. - Easy acccess to KL Seremban highway; MRR 2; KESAS; NPE - About 2.5km to the future Kuchai MRT 2 station (date of completion 2022) - About 5KM to TBS (Terminal Bus Station) which link together with KLIA express  Call LIM @ O16 - 2O1 5998 for personal assistance Call LIM @ O16 - 2O1 5998 for personal assistance

What Is Real Property Gains Tax (RPGT)?  In Malaysia, Real Property Gains Tax (RPGT) is one of the most important property-related taxes and is  chargeable on the profit gained from selling a property . Whether you’re a property investor or an owner just simply looking to sell your current home to purchase your dream home, it’s important to be aware of all costs associated with a real estate transaction. It’s not always easy though! Our Government likes to keep things relevant and current. RPGT rates in Malaysia were  most recently adjusted in Budget 2019 , with new changes announced as part of Budget 2020. Earlier this year, the government once again revised RPGT rates, giving  tax exemptions to low-cost and budget homes below RM200,000 , while increasing the tax rate to 5% for properties held by Malaysian citizens for more than five years. Budget 2019 also increased the rate for foreigners and companies selling a property after more than 5 years of ownership from 5% to 1

For SALE - Menara Belfield condo unit Location   -  Jalan Talaila, Kampung Atap K.L. Call LIM @ O16 - 2O1 5998 for private showing arrangement. 1) Freehold 2) Size : 1076 sqft 3) 3 bedrooms 2 baths 4) 1 car park space The Menara Belfield condominium is an exclusive condominium tucked away amongst lush verdure along quiet Jalan Tallala in the Kampung Atap area in downtown Kuala Lumpur. There are 84 units in the 15-storey tower block measuring approximately 1000 sq ft in size. Facilities at Menara Belfield include ample parking bays, sauna, tennis court, a gymnasium, swimming pool and security surveillance. Menara Belfield is surrounded by some other exclusive developments that ooze old world charm with trendy conveniences. Within the neighbouhood area are the famous Choo Cheng Kay Apartments, Wisma Mirama, Merdeka View Apartment and the Fire and Rescue Services HQ.  There is a bunch of amenities in the area which include reputable schools, government administrat

For RENT - 2 sty house Location    - Bandar Tun Hussein Onn, Jalan Suakasih call LIM @ O16 - 2O1 5998 for viewing arrangement - size 22x70 sq ft - 4 bedrooms 3 bathrooms - newly painted - equipped with lighting, fans and grills - 24 hours security LOCATION: ==== 5 mins to AEON Cheras Selatan 5 mins to Columbia Asia Hospital 5 mins to Econsave, CIMB, Maybank, HSBC, restaurants 10 mins to Sekolah Menengah BTHO, SMKCP, SKBTHO, SKBTHO II 10 mins to MRT Bandar Tun Hussein Onn  30 mins to KL city call LIM @ O16 - 2O1 5998 for viewing arrangement