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6% levy is looming on the horizon
Buyers Beware - By Chang Kim Loong
THERE have been recent public outcry and protests against the imposition of the goods and services tax (GST) on the maintenance charges and sinking fund for all stratified developments in Malaysia save for low- and medium-cost stratified development areas which were recently “exempted” from GST under the gazetted GST Exempt Supply Order dated Oct 13, 2014.
Maintenance fees may go up over 10% with GST, residents warned
Owners of high-rise dwellings may have to pay up to 10% more in maintenance charges from April although such fees have been exempted from the Goods and Services Tax (GST). Building managers are blaming the impending rise on the shortfalls in collection caused by payment defaulters and the 6% in GST that they still have to pay to service providers like electricians and plumbers.
Value from good property manager
Property management takes on new perspective under revised Act
Property managers propose progressive loan repayment plan
KUALA LUMPUR: The Malaysian Institute of Professional Property Managers (MIPPM) is proposing a progressive loan-repayment system to ease property financing for house buyers.
Budget needs to address affordable housing issue
KUALA LUMPUR: The Malaysian Institute of Professional Property Managers (MIPPM) is hopeful that affordable housing issues will be addressed when Budget 2017 is tabled tomorrow.
Raising the bar on property management
A COUPLE of years ago, a child waded from the baby to the adult pool in a condominium.
Grey areas of joint management control
TWO of the four car park lifts were demarcated as belonging to the developer. But the joint management body (JMB) insists the maintenance charges be paid from the common maintenance fund.
Advent of PropTech changing the real estate sector
FIRST, it was FinTech which challenged how things were being done in the financial and lending services. Now there is PropTech, which is altering the entire spectrum of the real estate industry.
