MKM Gambit - Chester Properties by Justin Tan

MKM Gambit - Chester Properties by Justin Tan Updates regarding the property scene in Malaysia and Pre-Launch New Property Projects. Contact me for more info.

The failure to secure loans and difficulty in managing monthly cash flow have proven to be the main stumbling block in m...
17/06/2021

The failure to secure loans and difficulty in managing monthly cash flow have proven to be the main stumbling block in many Malaysians’ ability to own property.

PETALING JAYA: The failure to secure loans and difficulty in managing monthly cash flow have proven to be the main stumbling block in many Malaysians’...

PETALING JAYA: In spite of many issues surrounding the development of serviced apartments, there is a boom in such prope...
19/05/2021

PETALING JAYA: In spite of many issues surrounding the development of serviced apartments, there is a boom in such property projects, with state and local authorities seemingly just rubber-stamping their approval.

The authorities hold a powerful role in the development of their respective states and they need to take this mandate and authority in a responsible manner.

While there isn’t a magical solution to fix the housing market, economists and developers say that both public and priva...
07/04/2021

While there isn’t a magical solution to fix the housing market, economists and developers say that both public and private sector measures could contribute towards a more equitable environment for buyers.

In Part 2 of the series, we examine what can be done, as property prices consistently keep rising.

According to the Malaysian House Price Index from the National Property Information Centre, the average property price i...
07/04/2021

According to the Malaysian House Price Index from the National Property Information Centre, the average property price in Malaysia has nearly doubled since 2010, increasing by 99.3%.

In Part 1 of a two-part series, we see how property prices increased two-fold, why that happened and the 'impossible dream' of the working public.

UEM Sunrise unit buys Dutch Lady’s PJ factory land for RM200m, plans RM1.3b project.
11/03/2021

UEM Sunrise unit buys Dutch Lady’s PJ factory land for RM200m, plans RM1.3b project.

KUALA LUMPUR (March 10): UEM Land Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd, has entered into a conditional sale and purchase agreement (SPA) to buy a 9.93-acre leasehold piece of factory land and the buildings thereon from Dutch Lady Milk Industries Bhd at Section 13, Petaling Jaya for RM20...

A law to stop landowners from evicting tenants or raising rentals indiscriminately will be tabled next year, says housin...
31/01/2021

A law to stop landowners from evicting tenants or raising rentals indiscriminately will be tabled next year, says housing and local government minister Zuraida Kamaruddin.

The Act will be tabled early next year, says housing and local government minister Zuraida Kamaruddin.

IN a landmark decision on Jan 19, the Federal Court has delivered its grounds of judgement in respect of the case of PJD...
26/01/2021

IN a landmark decision on Jan 19, the Federal Court has delivered its grounds of judgement in respect of the case of PJD Regency Sdn Bhd v Tribunal Tuntutan Pembeli Rumah & Another & 6 Other Appeals. It has finally clarified the legal position as to when time starts to run, in respect of (vacant possession) VP of the property.

By Wong Renn Xin and Datuk Chang Kim Loong   IN a landmark decision on Jan 19, the Federal Court has delivered its grounds of judgement in respect of the case of PJD Regency Sdn Bhd v Tribunal Tuntutan Pembeli Rumah & Another & 6 Other Appeals. It has finally clarified the legal position as […]

The Federal Court held in a recent landmark decision that where there is late delivery of vacant possession by housing d...
22/01/2021

The Federal Court held in a recent landmark decision that where there is late delivery of vacant possession by housing developers, Liquidated Agreed Damages (LAD) would be calculated from the date of the payment of the booking fee.

The Federal Court ruled recently that late delivery compensation starts from the date a booking fee is paid.

“First-time homebuyers should inspect their property carefully upon getting their keys, so that any defects are properly...
21/12/2020

“First-time homebuyers should inspect their property carefully upon getting their keys, so that any defects are properly recorded and rectified by the developer as soon as possible, prior to the commencement of any renovation work.”

Congratulations! After waiting for three to four years, you finally get the keys to your brand-new house. You are excited and brimming with ideas on how to decorate your new home. If you are a first-time homebuyer, the emotions will be 100 times more intense and you cannot wait to get things done an...

He said the 100% exemption in stamp duty was only for transfer of assets between husband and wife.“The government has an...
17/12/2020

He said the 100% exemption in stamp duty was only for transfer of assets between husband and wife.

“The government has announced a remission of 50% in stamp duty for transfer of property based on love between parents and children.

100% exemption only for transfer between husband and wife, but children get 50% off.

The research house’s analyst Lim Ken Wern said in a note today that with the Home Ownership Campaign (HOC) ending on May...
17/12/2020

The research house’s analyst Lim Ken Wern said in a note today that with the Home Ownership Campaign (HOC) ending on May 31 next year, developers will need to continue providing goodies in order to attract bookings.

Hong Leong Investment Bank (HLIB) Research expects property developers to continue facing a tough operating environment in 2021, with developers cautiously carrying out launches and offering discounts on their products.

This article illustrates four ways you can own multiple or maybe even an unlimited number of properties in Malaysia with...
16/12/2020

This article illustrates four ways you can own multiple or maybe even an unlimited number of properties in Malaysia without busting up your personal debt service ratio (DSR).

There are different types of home ownership, which could explain how individuals afford multiple properties. Here are four.

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