Malaysia will experience a prolonged period of inflation.
Inflation say 5% per year vs RPGT 5% per transaction, no-brainer here.
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Malaysia will experience a prolonged period of inflation.
Inflation say 5% per year vs RPGT 5% per transaction, no-brainer here.
southkey mega mall starting. if it manage to hit it off with shoppers, then will be good for surrounding properties? plan sounds good.
http://www.starproperty.my/index.ph...m6bil-mid-valley-southkey-taking-shape-in-jb/
direct access to EDL, widening of tebrau / bakar batu access.
http://www.starproperty.my/index.ph...m6bil-mid-valley-southkey-taking-shape-in-jb/
direct access to EDL, widening of tebrau / bakar batu access.
I believe GST is not applicable to the property sale price itself. But the building materials and related transaction services will incur higher costs. That means price hike of new property from developer will be higher than resale units. Is this reasoning sound?
Similarly fuel subsidy cut should not affect resale price as bad as new launches. So that means ... Lock in the launch now or buy a resale after GST/fuel subsidy cut. : )
Similarly fuel subsidy cut should not affect resale price as bad as new launches. So that means ... Lock in the launch now or buy a resale after GST/fuel subsidy cut. : )
bro , assuming you are property owner of a 1million house. After all the gst, new taxes.....inflation. new launch for your type of house is 1.3million, will you still sell me your resale house at 1 million since you are not affected by the new hike in price.?
so ppty prices will also inflate
From the article, your worry should be how to hedge RM from further devaluation.
Hi bro, a rising tide lifts all boats.
Eat into your profit, why not?
Anyw, good enough for those who eventually spend their MYR in MY.
Actually property is one of the best hedge against RM devaluation isnt it ? Example , if you buy 1M property with 80% loan for 20years . You will pay much less if say RM devalue 50% against SGD in a period of 20yrs . Extra profit gain if your 1M property become 2M in 20yrs time . I think people will dump RM , in favor of assets .
Iskandar denies bribery probe of any of its CEOs
Malay daily reports that the bribe asked for was more than RM400,000 from an IIB contractor
By pauline ng in Kuala Lumpur
Published October 23, 2013
THE master planner for Iskandar Malaysia has denied that any of the chief executives of its units is under probe by Malaysia's Anti-Corruption Commission (MACC).
The statement by Iskandar Investment Bhd (IIB), issued through a public relations firm in Singapore, was in response to a report in Berita Harian on Monday that the chief executive officer (CEO) of one of its subsidiaries was being investigated for bribery.
The Malay daily, citing unnamed sources, said the executive in his 40s had asked for a bribe of more than RM400,000 (S$156,890) from an IIB contractor in 2011 for the development of an alternative road in the economic development zone worth RM2.7 million.
The sources said investigations had identified three individuals concerned, including the CEO, and that the money paid into an account was later transferred into another account.
IIB said in the statement: "Contrary to recent news reports in Malaysia which have been re-reported in Singapore today, IIB can confirm that none of the current CEOs of its subsidiaries is involved in a MACC investigation."
However, it acknowledged that it had previously made a police report on possible "fiduciary lapses".
The statement added: "For the record, on April 4, 2011, the Board of IIB made a police report on the possibility of fiduciary lapses among certain members of the previous senior management of the company. The Board has fully supported the authorities in seeking a thorough and just conclusion to this matter. IIB is not privy to the details of the ongoing investigation or its potential outcome."
In late November 2011, the MACC had charged Mohd Amin Suhaimi on three counts of graft over a tender project awarded by IIB in the economic zone. He had allegedly asked for and received RM1.6 million from an engineering firm in return for helping the firm land an IIB tender to build a RM41 million board school in Pulai.
Amin, the husband of former IIB president and chief executive Arlida Ariff, pleaded not guilty; Ms Arlida left in 2010 when her contract was not renewed.
The MACC website said that Amin was fined RM50,000 by the Johor sessions court in April this year in another case; he pleaded guilty to abetting Mohd Iskandar Fahmi Abdullah to cheat a contractor.
Malaysia's sovereign wealth fund Khazanah Nasional owns 60 per cent of IIB. The Employees Provident Fund and state government, through Kumpulan Prasarana Rakyat Johor, hold 20 per cent each.
http://www.businesstimes.com.sg/premium/malaysia/iskandar-denies-bribery-probe-any-its-ceos-20131023
Malay daily reports that the bribe asked for was more than RM400,000 from an IIB contractor
By pauline ng in Kuala Lumpur
Published October 23, 2013
THE master planner for Iskandar Malaysia has denied that any of the chief executives of its units is under probe by Malaysia's Anti-Corruption Commission (MACC).
The statement by Iskandar Investment Bhd (IIB), issued through a public relations firm in Singapore, was in response to a report in Berita Harian on Monday that the chief executive officer (CEO) of one of its subsidiaries was being investigated for bribery.
The Malay daily, citing unnamed sources, said the executive in his 40s had asked for a bribe of more than RM400,000 (S$156,890) from an IIB contractor in 2011 for the development of an alternative road in the economic development zone worth RM2.7 million.
The sources said investigations had identified three individuals concerned, including the CEO, and that the money paid into an account was later transferred into another account.
IIB said in the statement: "Contrary to recent news reports in Malaysia which have been re-reported in Singapore today, IIB can confirm that none of the current CEOs of its subsidiaries is involved in a MACC investigation."
However, it acknowledged that it had previously made a police report on possible "fiduciary lapses".
The statement added: "For the record, on April 4, 2011, the Board of IIB made a police report on the possibility of fiduciary lapses among certain members of the previous senior management of the company. The Board has fully supported the authorities in seeking a thorough and just conclusion to this matter. IIB is not privy to the details of the ongoing investigation or its potential outcome."
In late November 2011, the MACC had charged Mohd Amin Suhaimi on three counts of graft over a tender project awarded by IIB in the economic zone. He had allegedly asked for and received RM1.6 million from an engineering firm in return for helping the firm land an IIB tender to build a RM41 million board school in Pulai.
Amin, the husband of former IIB president and chief executive Arlida Ariff, pleaded not guilty; Ms Arlida left in 2010 when her contract was not renewed.
The MACC website said that Amin was fined RM50,000 by the Johor sessions court in April this year in another case; he pleaded guilty to abetting Mohd Iskandar Fahmi Abdullah to cheat a contractor.
Malaysia's sovereign wealth fund Khazanah Nasional owns 60 per cent of IIB. The Employees Provident Fund and state government, through Kumpulan Prasarana Rakyat Johor, hold 20 per cent each.
http://www.businesstimes.com.sg/premium/malaysia/iskandar-denies-bribery-probe-any-its-ceos-20131023
Depend if you intend to sell & convert to SGD eventually, then need to manage the devaluation part.
Any suggestion how to manage the RM devaluation against SGD ?
Loan to the maximum.
Covert to MYR only when needed to service mortgage.
Note: It only work if Ringgit weaken against Singapore dollar. If your view is wrong and Ringgit appreciate against Singapore dollar; you will need more Singapore dollar to buy the same amount of Ringgit.
Covert to MYR only when needed to service mortgage.
Note: It only work if Ringgit weaken against Singapore dollar. If your view is wrong and Ringgit appreciate against Singapore dollar; you will need more Singapore dollar to buy the same amount of Ringgit.
What if interest rate goes up and ringitt strengthens against SGD?
Should not be a issue as most loan in MY are flexible , meaning you can choose to pay off sooner . Ringit strengthens against SGD , unless they managed to show suplus sooner.
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Prof, by flushing to reduce the principle loan, is it another way of saving?
Boz i beri not happy bank bank is earning my $.
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