The group has lined up about RM1.7 billion worth of launches from May to December 2019, concentrating on landed residential properties within the affordable to medium price range (RM500,000 to RM700,000).
Pursuant to Subparagraph 27 (1) in the Third Schedule of the Strata Management (Maintenance and Management) Regulations 2015, a proprietor shall not carry out any renovation works to his or her parcel without obtaining prior written approval from the MC and where necessary, from the appropriate authorities.
When you can’t afford to buy a property on your own, sharing with someone else could be a good idea but do you know the risks involved in joint ownership? Indeed, joint ownerships could lead to nightmares in the unforeseen future, especially when relationships turn sour.
The projects being sold during VPEX are located in prime or up-and-coming areas in the Klang Valley and Greater Kuala Lumpur including Seremban that have easy access to highways and are close to amenities.
Based on our industry checks, we have estimated that the total value of ECRL civil works to be between RM22 billion and RM26 billion, being 50-60% of total project cost of RM44 billion.
Unfortunately, the GST collections were not deposited directly into the Fund for GST Refunds, and this had caused delays in GST refund payments for more than a year. Instead, the GST collections that were deposited directly in the Consolidated Revenue Account were used for other purposes by the previous government. The delays in GST refunds had caused severe financial complications for the taxpayers.
“We are now looking at how we can do some capacity building to make sure our members are able to truly be professional property managers. At the end of the day, the most important thing is to make sure that all practitioners understand their responsibilities.”