Real estate Malaysia / TH Lim Property Malaysia

  In Malaysia, there are mainly 3 types of land titles: 1) Freehold 2) Leasehold 3) Malay Reserve. However purchasers must be aware of other titles like Master Title, Individual or Strata Title. 1) Freehold Property It means ownership in perpetuity. It is easy to transfer from one person to another as no consent is required from state or federal government authorities for the transfer and charge of the property. However, in certain states or some places in Klang Valley, freehold properties may have “restriction in interest” and which required state authorities or land office consent. The time taken to complete the transaction is usually 3 to 4 months. The government has the right to acquire the freehold properties for Public Projects. You will be compensated at the market rate for the forced acquisition of your entire property or part of your land. Freehold properties are the most preferred types of properties as they command better resale value and they tend to appreciate faster. 2) L

  Announced during PENJANA 2020, under the Exemption Order, gains arising from the disposal of residential properties after 1 June 2020 until 31 December 2021 will be exempted from RPGT . Such exemption is granted for up to three residential properties per individual if the following conditions are fulfilled: 1. the disposer must be an individual who is a Malaysian citizen and is the sole or joint owner of the property to be disposed; 2. the property disposed must be a ‘residential property’, namely a house, a condominium unit, an apartment or flat in Malaysia, and includes a service apartment and a small office home office (SOHO) which is used only as a dwelling house; 3. the residential property which is being disposed of is not acquired by way of: transfer between spouses; or a gift between spouses, parent and child, or grandparent and grandchild where the donor is a citizen; and 4. the SPA for the disposal of the residential property is executed on or after 1 June 2020 but not late

For SALE  -  Suria   Tropika  Apartment

 4 advantages if property owner(s) has registered his/her name in the strata titles:- Property owner(s) rights are protected Expedite the process of transfer, charge and distribution of inheritance Join the management corporation Able to refinance What happens if property owner(s) not register his/her name in the strata titles?? Delay the process of transfer, charge and distribution of inheritance Face difficulties in getting loan approval. 转移分层地契到您的名下的四大好处:- 1） 您的物业所有权得以保障! 2） 简化转让，抵押，以及财产分配的过程 3）加 入 管 理 机 构 (management corporation) 4）再融资 (Refinancing) 如果没有转移的话，会发生什么事？ 1）延迟转让，抵押，以及财产分配的过程 2）面临贷款审批问题

Beginning January 2021; EPF  contributors are allow to withdraw money up to RM60,000 from Account 1 via the i-Sinar facility Purpose of i-Sinar - to help those who have been impacted by the prolonged pandemic to make ends meet. The Pros of Withdrawing  "Helping" cash - With the i-Sinar facility, contributors will be able to lesser the financial constrain for up to six months (can be used as a top-up for the daily expenses such as food, house rent and  transportation etc) Help boost the economy - i t can help to further accelerate the economic recovery because as people have more cash in hand, they will spend to maintain their basic needs. This will then accelerate business activities as the will be demand for goods and services. The Cons of Withdrawing   Reduced retirement fund  take this situation as an example: Mr. Y currently has RM20,000 in his EPF savings account His monthly EPF contributions: 9% (new contribution rate in 2021) x RM1,680 = RM151.20. In a year, he’ll get

Covid-19 pandemic, some states / district in Malaysia is having MCO 2.0;  what are the SOP for residents and JMB of condo / service residences ??? call LIM @ O16 - 2O1 5998 for buy / sell / rent of any type of properties.