Thomas Sim PEA2066

Q.
Developer Management Period (DMP) and formation of Joint Management Body (JMB) for strata properties not yet issued with parcel title. What are laws which is stated in Strata Management Ordinance in Sarawak […]

When purchasing or refinancing a property in Malaysia, there are many different attributes (E.g. Lease, Subdivision, Land Type) the property can have. Each requires different treatment differently during th […]

Q.

What is “POT” and “POC”?

A.

“POT” = Perfection of Transfer; and “POC” = Perfection of Charge.

See below extract from PropertyGuru on this issues in a transaction of property.

Your Simple Guide […]

In the 2020 Edition of MEAS, Standard 6, it was omitted the below statement:”Person responding to this flyer are not required to pay any estate agency fee whatsoever for properties referred to in this flyer as […]

In brief: real estate acquisitions and leases in Malaysia

SKRINE

Malaysia November 28 2022

Acquisitions and leasesOwnership and occupancy

Describe the various categories of legal ownership, l […]

Q. HOW TO CALCULATE THE COMPENSATION ON DELAYED DELIVERY OF VACANT POSSESSION?

A.

The remedies which are provided for under the SPA come in the form of monetary value and remedial work. For the sake of this […]

Q.
Could you give a general introduction to International Arbitration in Malaysia?

A.
Extracted from

Rahmat Lim & Partners, Malaysia, July 15 2022

Introduction

Malaysia is widely recognised as an […]

This is verbatim from Saiful Nizam Hj Ali available at the link below:

GUIDELINES ON PROPERTY DEVELOPMENT IN MALAYSIA

Tenure of Land and Development Permission

Saiful Nizam Hj Ali

At -Tamyeel Real Estate […]

Q.
What are the differences between Premium, Charge and more specific Development Charge?

A.
PREMIUM

Land premium or additional premium is the tax payable to the State for the below few common dealings with […]

Q.

How does a sales agent create value and achieve customer satisfaction in a developer project sale?

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Generally, there are two types of sales agents in a developer project sale, namely developer own sales […]

Q.

Illustrate how Product Life Cycle (PLC) is seen in real estate product. You are encourage to use a project sample to illustrate how PLC affects the strategies of project marketing.

A.

Product Life Cycle is […]

Q.

Is there any difference between Easement and Right of Way?

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The main difference between Easement and Right of Way is that easement is a broader concept that covers more parts and areas of the private p […]

Q.

What do you mean by “Modern Living”?

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Product research and development in property usually is tagged to the concept of “modern living”. For instance, we say a developer is introducing a new form of luxury […]

Q.

Jual-janji and Harta Sepencarian, how are they interacting with indefeasibility of title? Are they exceptions to indefeasibility?

A.

As we all know indefeasibility of title is a commonly asked question in […]

Q.

S.4 of NLC – What is it? What is so important about this S.4?

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If you read NLC and familiar with indefeasibility of title, you will understand that there are exceptional cases where the Land Registration […]

Q.

There is some confusion as of NLC about Classification of Land and Category of Land Use. There are also confusion over if Category of Land is similar to Class of Land. Let us discuss about this using NLC and […]

Q.

We have many instances been confused with the categories of land and categories of use of land. In the same context, there is also classification of land and class of land. What are these terms referring […]

Q.

I am confused with Bumi Discount, Bumi Lot and MRL. Can you explain further?

A.

Please read earlier post on this matter on:

What is about Bumi Lot and Bumi Discount?

Here, most of the time, we would be […]

Q.

What is about Bumi Lot and Bumi Discount? In Task 2, TPC usually you are advised to avoid issue of discount, rebate and cash bonus. In HDR – Housing Development (Control & Licensing) Regulations, it is an […]

Q.

Should LAD be counted from Booking Date or SPA Date?

A.

SHEDA (Sarawak Housing and Estate Developer’s Association) Augustine Wong said:

“Paying booking fees more beneficial to house buyers than paying 10 […]