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 2019 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.”
Most wall conditions with hairline cracks can be repaired with a good repainting system if the wall plaster is well bonded without signs of hollowness or water seepage.
The industry, the market and the people may have had their doubts when they first heard of the multi-billion pound Battersea Power Station (BPS) development in London by a Malaysian consortium, but the BPS team has not let naysayers distract them from their work, which is targeted for completion next year.
Operating conditions have remained challenging in recent times, hence fund-raising activities of this nature are increasingly common among property players.