Thomas Sim PEA2066

Q.

How does title to property affect its dealings?

A.

When a property is without title (under construction) or the title has not been issued from the land office, the developer is the party who shall make the […]

Q.

What do you mean by “No gain No Loss”? And, “Disposal deemed at market value?”

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If you study taxation, you would have heard “No gain No loss”. For property which is given as gift from Grandparent […]

Q.

Why having title is better than no title? Why title is so important?

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A title is not that important most of the time. Most of us are staying in properties without a title. Most development would only hand […]

Q.

What is “Expatriate” or “Diplomatic” Clause in a tenancy agreement? This was asked in 2017 Q1 in D11 Real Estate Agency Practice.

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The name can give us some clues. It has to be something about foreign […]

Q.

Why are there so many brokers? Yet, the estate agency service never really meet the expectation?

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From the level of estate agency practice, it is matching the right purchaser to the right seller, the good […]

Q.
There market is packed with launches of various products. Is there any difference between a condominium and a service suite? Why cannot use only one name?

A.

The two terms are used because of a major […]

Q.

What happens when the option contract to purchase is breached by the seller?

In the case of Johnny and Betty, Johnny has agreed Betty to an option to purchase his condo with the terms and time stated in the […]

Q.
How is GST imposed on properties, especially Commercial Property in Malaysia?

A.
There are two parts to this.

One is the GST on the service.
Another is the GST on the Goods Sold.

One is service and the […]

Q.
Why do I have to pay for GST to the Agency which I appointed to sell/rent my house?

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Little known fact about GST in Estate Agency Practice. Some people try to save on commission when dealing with agents and […]

Q.

What is new about the VAEP Act 1981 on Property Management?

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Some areas of changes have been made to estate agency practice. Please see my earlier post here for VAEP Act amended 2017.

There is a totally […]

Q.

What are the main CHANGES in Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (amended 2017) that affect Estate Agency Practice?

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Summary:

There are some interesting things in the amended […]

Extract from Bank Negara Malaysia at

Views on property cooling measures
Posted on 14 March 2017 – 10:07am
Last updated on 15 March 2017 – 01:15pm

VARIOUS cooling measures introduced by the Malaysian government and Bank Negara Malaysia (BNM) to help […]

Q.
How to calculate the premium on renewal of lease?

A.
There are two types of premium on lease.

Premium on conversion of category of land use during alienation or at a later date.
Premium on extension of […]

Q. (Also posted in justLetak!)
How to get rid of my errant tenant who owes me 10 months rental?

A.

FOR COMPLETE READING ON TENANCY MATTERS, read the slides of Mr Lee Siew Seng “Issues of tenancy matters in […]

Q.
What are the regulation imposed on business card for REA and REN?

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Rule 118 Business cards
A registered valuer, appraiser or estate agent may use business cards which contain the registered valuer’s, […]

Q. (Also posted in justLetak!)Can we really earn money (from your point of view) by taking up the course in near future and its prospects since it takes 4 years of work to make it done. Thanks!How would you answer […]

Q. (Also posted in justLetak!)
What if an illegal broker is found cheating on people with fake housing projects and disappearing with money put as deposit?

A.
The laws are Penal Code and VAEA Act 1981.

Penal […]

Q.What is “Slip & Fall” tort claim? Can all slip & fall be claimable?A.Read article by The Star Malaysia on 14 Dec 2010, written by Bhag Singh, verbatim below.Watch your stepAny right arising from an injury […]

Q.
Give a summary of the comparison of Timber, Concrete and Steel as construction material.

A.
ADVANTAGES AND DISADVANTAGES OF STEEL AS A STRUCTURAL DESIGN MATERIAL

The following advantages in general may be […]