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Refinancing How does it work? your When is the best time to do it? See pages 6 and 7. EP 2 Friday june 19, 2020

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to your contact hilltop Genting casino OR LD G EN TI N list as EdgeProp News. Or scan this QR code. resume operations R ES ORT S W 2. Send us a WhatsApp with "NEWS" and your full Genting Bhd’s hilltop casino members. Public entry into the casino name in the message. in has resumed will resume as soon as possible. operations today (June 19) after being The Awana Skyway cable car shut for three months since March 18 and Genting express buses will also due to the Covid-19 Movement Control resume operations, it said. Order. Moreover, RWG has implemented Resorts World Genting (RWG) said MySejahtera Check-In at all its The Edge Property Sdn Bhd in a statement that it will reopen primary entrances and outlets (1091814-P) Level 3, Menara KLK, at 10am with enhanced safety throughout the resort. Thus, guests are No. 1 Jalan PJU 7/6, Mutiara measures in place to ensure the encouraged to download and register Damansara, 47810 , health and safety of all its guests the MySejahtera application prior , Malaysia and employees. to their visit to RWG for convenient However, due to limited capacity, access to the resort’s premises. EdgeProp.my entry to SkyCasino in SkyAvenue and Resorts World Kijal and Resorts Genting Club in Genting Grand Hotel World Langkawi have also reopened Managing Director/Editor-in-chief Au Foong Yee will only be for Genting Rewards on Thursday June 18.

Editorial Executive Editor Sharon Kam Assistant Editor Tan Ai Leng “We are encouraging developers tion,” he told Bernama on Tuesday. Deputy Chief Copy Editor Zuraida to discuss James Chong to clear up their () stocks He added that the TTPM has re- Copy Editor foreign property and, if there’s any development for HOTLINES ceived two claims so far, including Arion Yeow sale price with state new , let’s concentrate on af- one on the extraordinary spike of Senior Writer For COVID-19 screening Rachel Chew fordable homes that are RM500,000 electricity bill, filed on June 5. Writers governments or tests, contact the Health Housing and Local Government Min- and below because there is a need Natalie Khoo, Chin Wai Lun, Ministry’s Crisis Preparedness Chelsey Poh ister Zuraida Kamaruddin plans to for them,” she said after the launch and Response Centre (CPRC) Art Director Sharon Khoh discuss with all state governments of Grand Maris Suite and cheque Preschools, Senior Designer Jun Kit Tel: 03-8881 0200, regarding the property sales price presentation of land premium for kindergartens to 03-8881 0600 For New Launches/Events/ and terms for foreign buyers in order the Rawang Transit Belia project on Press Releases/News Tips and 03-8881 0700 reopen on July 1 to get overhang units sold. Tuesday. The government has agreed to re- email: [email protected] from 8.30am to 5pm daily Tel: (03) 7721 8211 Fax: (03) 7721 8280 She said open preschools and kindergartens Or Email: [email protected] Advertising & Marketing while property from July 1, said Senior Minister (Se- Associate Account Director, developers are April unemploy- curity Cluster) Datuk Seri Ismail Sabri For more information, go to Advertising & Marketing encouraged to ment rate rises Yaakob. Heidee Ahmad (019) 388 1880 CPRC Telegram channel at Senior Account Managers concentrate to 5% He said the opening as well as Ian Leong (012) 359 1668 https://t.me/cprckkm Cecilia Too (012) 319 7666 more on devel- Malaysia’s unemployment rate in the related standard operating pro- oping afforda- April 2020 spiked to 5% — the high- cedure (SOP) were tabled by the Ed- For queries on the Restricted Marketing Support & Ad Traffic ble housing est since 1990 — as unemployed ucation Ministry (KPM) at the special Madeline Tan (03) 7721 8218 Movement Control Order, projects priced persons went up 48.8% year-on-year ministerial meeting on Monday. email: [email protected] call 03-8888 2010. at RM500,000 (y-o-y) to 778,800 persons. He added that the move involved Business Development Manager and below, de- Chief Statistician Malaysia Da- 6,216 preschools under KPM and Nimalen Parimalam (014) 324 3193 velopers would tuk Seri Dr Mohd Uzir Mahidin said The most affected employed per- 7,887 private preschools as well as

AGENCY SALES need to clear up the closure of operations for most sons were in the manufacturing and 1,781 kindergartens under the Na- Sales Manager their property overhang first, espe- businesses during the Movement services sectors, namely accommo- tional Unity Ministry and another Stannly Tan (012) 538 1687 cially the high-end ones, as more Control Order (MCO) has impacted dation and food & beverage; arts, 8,530 kindergartens under the Rural Product Development than 80% of unoccupied units were employment and job seekers could entertainment & recreation and oth- Development Ministry. & Customer Advisory from the premium sector. hardly find jobs. er services such as beauty centres However, the detailed SOP on Associates Omar Nawawi (012) 537 1687 and salons. the opening would be announced by Nazrin Hakimin (017) 368 6061 KPM soon.

For enquiries and listings email: [email protected] Tel: (03) 7733 9000 CIDB inspected EdgeProp.my e-Publication is published by The Edge Property 7,699 construction Sdn Bhd. Download it for free at sites from April 20 www.EdgeProp.my – June 14 The Construction Industry Devel- The Edge Malaysia TNB bill: Consumers opment Board (CIDB) has carried out inspections on 7,699 construc- Publisher and Group CEO can lodge claims Ho Kay Tat tion sites nationwide from April 20 with TTPM to June 14. Editorial Consumers who are not satisfied with Works Minister Datuk Seri Fa- Editor-in-chief Azam Aris the increase in their electricity bill dillah Yusof said of the total, 370 Corporate Chief Operating Officer during the Movement Control Order construction sites were found not in Lim Shiew Yuin Public approval of Malaysia’s Covid-19 (MCO) period can file their claims at compliance and given a warning, while Advertising & Marketing actions among the highest globally the Tribunal for Consumer Claims another 17 were ordered to close or Chief Commercial Officer Sharon Teh (012) 313 9056 Malaysia has been recognised as among the five nations in the world to Malaysia (TTPM). stop operations for the time being. General Manager have succeeded in controlling the spread of Covid-19, said Senior Minister Deputy Domestic Trade and Con- “Among the offences committed Fong Lai Kuan (012) 386 2831 (Security Cluster) Datuk Seri Ismail Sabri Yaakob. sumer Affairs Minister Datuk Rosol by construction companies were not Senior Sales Manager He said Malaysia, was one of the countries where the government’s Wahid said besides lodging com- conducting body temperature checks Gregory Thu (012) 376 0614 Head of Marketing actions in controlling the spread of the virus was well-accepted by the plaints to Tenaga Nasional Berhad or providing hand sanitizers, [not Support & Ad Traffic people. “People’s acceptance of the government’s actions received (TNB) and the Energy Commission, practising] social distancing and fail- Lorraine Chan (03) 7721 8001 recognition in a global survey where Malaysia was ranked among the top consumers can also file their case ure to obtain approval from the state five countries in the world, with the highest public approval,” he said in a with TTPM for a fee of only RM5. government,” he told reporters after daily press conference. “The issue of high electricity bill visiting the construction site of Bukit The prime minister introduced the Movement Control Order (MCO) during the MCO has come to our Bintang City Centre to monitor com- on March 18, which was followed by the Enhanced MCO in several areas. attention. We noticed that many con- pliance with the SOPs of the recovery The good cooperation of all Malaysians who had complied with every sumers have expressed dissatisfac- movement control order (RMCO). directive issued, led to the flattening of the COVID-19 curve in the country, he added. How do I get past issues of this weekly e-Publication? Go to www.EdgeProp.my to download for free! Friday june 19, 2020 EP 3

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Developer clears unsold units by adapting products to customers’ needs

Low Yen Yeing | EdgeProp.my By Tan Ai Leng homebuyers have a better under- the developer create products at standing of their financial strengths. a suitable price. PETALING JAYA: Its personalised “If the CCRIS report shows that Myra currently has four town- service and social media engage- the interested buyer is heavily in ships under its belt – Myra Sau- ment with customers have helped debt, instead of selling our prop- jana in , Myra Meranti in property developer Oriental Inter- erty, we would advise him/her to along with Myra Alam est Bhd clear off some unsold units reduce certain debts before trying in and Myra Putra in from its projects in the current mar- to submit their loan application or Desa Pinggiran Putra, with more ket downturn. place a booking with us,” noted Lim. projects on the way including Myra As the property development Myra also gathers feedback by Gardens in Rawang and Myra Vista industry became more competitive talking to buyers or interested pur- in Bandar Baru . and as more young staff joined the chasers personally to understand In February this year, the compa- company, the developer had decid- their concerns. ny unveiled the third phase in Myra ed in 2018 to create a new brand This approach has helped OIB Alam offering 52 units of terraced approach called Myra focusing on clear some unsold units in certain with selling prices starting new homebuyers. projects that are completed such from RM480,000. Unfortunately, the Myra takes a personalised ap- Lim (left) and Goh see the need for developers to educate first time as Seroja Hills in Covid-19 outbreak and the ensuing proach in serving its customers in homebuyers on the actual cost of owning a property. Salak Tinggi, Selangor which has Movement Control Order kicked in order to best know and meet their seen the remaining 50 units sold March 18, disrupting the launch. needs, said Myra head of marketing pay to own a property. They have To achieve the objective, instead when the sales team came up with “It was a bit tough initially. For- and branding Ken Goh. no idea about the calculation of of offering product information, the a new homeownership package tunately, we had moved our oper- “As we build a relationship with interest rate for the housing loan, sales personnel would instead ask after talking to prospective buyers. ations online two years ago. Even the customer, we get to know more legal fees, stamp duty for the strata buyers more personal questions “The moving-in cost was their working remotely, we were still able about them. This helps us develop title transfer and the maintenance such as whether he or she is mar- main concern as most of them do to shift our marketing focus from the right product for them,” he added. fees that they will need to pay in the ried; how many children and where not have the budget for renovations physical to online. One could step into a sales future. We hope to educate them are the children studying; where and necessary electrical appliances. “Social media and messag- gallery and be interested in buy- even before they sign on the dotted they shop for groceries and others. Hence, we repackaged the product ing application engagement with ing a high-end product that has line,” explained Goh. Their responses can help gauge their into ready move-in units with no customers is a must. We also use everything he or she desires without “We want to know more about financial capabilities and the kind of extra cost needed to own the , other ways to introduce our prod- knowing that they could ill-afford our customers and hope to make property they need, not want. and it worked,” Lim said. ucts such as videos. These actu- such an expensive property. the process of owning a property a The Central Credit Reference The company also used the same ally helped to maintain our sales. “We have encountered some happy one and not land them in ag- Information System (CCRIS) en- method to understand customers’ We actually received 89 bookings homebuyers who thought the sell- ony,” added Myra general manager quiry service is also available for budgets and space utilisation. The through virtual engagement in April ing price is only what they need to of sales and marketing Wendy Lim. interested buyers. It serves to help information collated has helped and May,” said Goh.

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By tan ai leng wning a property can be property more than a home or an in- vestment. For former res- taurateur who only wants to be known as Adam, the double- terraced refinancing house he had owned came to his rescue when he was in financial trouble. ONow a Grab driver, Adam revealed he was heavily in debt after his business took a turn for for cash the worse and had to be shut down two years ago. The income as a Grab driver was rather lucrative but after repaying the monthly instal- ment of his personal loan which he had taken for his business, he only has enough to pay for his and his wife’s monthly expenses. “My wife then suggested we sell off our only property to clear my debts. It was a hard deci- sion, but now I am relieved I made that deci- sion,” he says.

Refinancing a home loan means replacing the current one with a new one and it only makes sense to do so if the new one offers greater benefits than the existing one such as lower interest rates, shorter mortgage terms or is more flexible.

The double-storey leasehold in , which he bought at RM230,000 around 15 years ago was sold at RM800,000 in 2019 slightly below his asking Ethan Soon price of RM850,000. After using around 60% of 2019, we have noticed a rising number of However, owning a property worth over a the proceeds to clear his debts, he still has some enquiries on property refinancing as more million ringgit for instance, doesn’t mean we savings left for future rainy days. people experience tight cash flows,” Ng tells could acquire a loan of a similar amount as “I can’t imagine how I would have coped EdgeProp.my. repayment ability is still the banks’ main con- otherwise. Now at least with everything settled, On average, Ng used to have around 15 ap- sideration, say the mortgage loan consultants. I do not have to worry and just focus on my job,” pointments a month, mostly referral cases. But If we refinance our only property, there is a said Adam. since early 2020, enquiries and appointments higher chance we could get a 90% refinancing Although selling your one and only property have surged by around 50% to 70% a month. loan based on the bank’s valuation of the prop- can save you when you are cash-strapped, you Mortgage agent Ethan Soon has also ob- erty, meaning, for a property that has a bank val- may not need to resort to that. One could first served a rise in the number of people looking uation of RM1 million, we could get RM900,000, try to ease cash flow by refinancing the property. to refinance their properties for cash especial- explains Soon. Refinancing a home loan means replac- ly since the Covid-19 outbreak earlier this year However, for the second or third property, ing the current one with a new one and it only which has affected businesses through the en- the refinancing loan could probably only reach makes sense to do so if the new one offers great- tire value chain. around 70% or 80% of the property value, based er benefits than the existing one such as low- “Unlike two years ago, people refinance to on the bank valuation. er interest rates, shorter mortgage terms or is get funds for businesses, to reinvest in anoth- Citing the same example, Soon says for a more flexible. er property, or for children’s education. Now, RM900,000 refinance loan (repayment period Top Mortgage Solution Sdn Bhd senior mort- more people are actually looking for refinance of 30 years with an interest rate of 4.25% for in- gage consultant Ken Ng Teck Ken says refinanc- because they are just short of cash,” says Soon, stance), the monthly repayment will be around ing is one common way for businessmen to who is a former mortgage banker. Soon: There has RM4,500. conserve cash for future investments. been a rise in the “A bank would only approve the refinanc- Generally, people refinance their properties ing application if the borrower could ‘afford’ either to get more cash for personal or business Be prepared for less number of people the monthly repayment after deducting other use, or to save on loan interest when Bank Ne- than what you expect commitments such as hire purchase and credit gara Malaysia lowers the Overnight Policy Rate, Indeed, refinancing is a good way to cash out as looking to refinance card loan, or other mortgage loans, if any,” he subsequently leading to banks reducing the it saves one the hassle of moving out and look- their properties points out. base rate for loans. ing for buyers, but more importantly, it is a way Besides refinancing, property owners could “The current economic downturn has im- to obtain funds without having to dispose of a for cash since the also consider a top-up loan — an additional pacted local businesses. Since the end of property we intend to keep. Covid-19 outbreak. loan on top of the current mortgage outstand- ing balance where the loan amount is based on the appreciated market value of the borrower’s collateral. • Easy way to obtain • Longer repayment period The application and approval of a top-up Pros and cons funds than personal loan loan is easier and quicker than a refinancing loan. For the former, it will probably take one of property • Can continue to own • Not suitable for week to approve the application and money refinance the property emergencies as the will be disbursed within a month or two, as it’s process takes at least a transaction within the same lending bank. • Mortgage loan has three months Similarly, the amount of top-up loan we lower interest rate could obtain also depends on our income and compared with • May not get the desired personal commitments. After all, banks will not personal loan loan amount lend what we could not afford to repay. Friday june 19, 2020 EP 7 cover story

When is the right time to refinance?

For many, property refinancing funds to accumulate wealth. Why refinance means another mountain of debt to “The good thing about proper- scale. Thus, it is typically viewed as ty refinancing is the lower interest the final resort when in trouble. rate compared to a personal loan, However, Ng from Top Mortgage and we could opt for early settlement Lower interest rate Solution says refinancing could be when we have the financial capabil- which means lower considered as a tool to accumulate ity,” says Ng. wealth and not merely when one He adds that property refinancing monthly instalments needs cash. After all, banks always also offers an opportunity for us to prefer borrowers with stable in- restructure our borrowings through comes and good credit scores. debt consolidation. “Many people would only turn This means we could “bundle up” to refinancing when they have the personal loans and hire purchase Shorter loan tenure cash flow problems or have already planning is crucial to determine the loans by using our property as col- missed their monthly loan repay- right timing. lateral to refinance. By doing so, we which could mean ments. This actually lowers their “When we foresee a potential could leverage the low interest rate savings on total chances of getting a better deal,” he cash flow problem, we could opt advantage of mortgage loans to re- explains. for property refinance to strength- pay other bank loans. interest The best timing to refinance our en our financial position. For those However, the opportunity cost will property is therefore when we are fi- looking for investment opportuni- be time as it takes over 10 years to re- nancially stable and proper financial ties, refinance could be a source of pay the mortgage loan, notes Ng. To get some cash for other needs depending on how much the value Only for long-term owners of the property has Top Mortgage Solution Although property refinancing could cation for property refinancing — from appreciated be a good way to generate cash, Soon submission, approval and settlement reminds us that only property owners to loan disbursement, normally takes who have held the property for over 10 around three to six months. For individ- years could enjoy the benefits of refi- uals who are in urgent need, they might To change from a flexi nance. need to rethink refinancing. loan to a fixed rate loan Based on his observation, capital ap- “Three months is when the house preciation rates of properties generally is fully redeemed [with no mortgage or vice versa depending double every 10 years hence he adds, it loan]. For a property with a mortgage on the interest rate will not be wise to refinance properties loan, normally it will take around six owned for fewer than 10 years, unless months to conclude the deal,” Ng adds. environment the property is in high demand and is Although property refinancing has seeing high capital appreciation. its complications, mortgage loan con- One must also consider the borrow- sultants still see property as a good in- ing costs for refinance, such as prop- vestment asset. erty valuation fees and legal fees for “It’s a cliche, but property invest- loan agreements which have to be paid ment is a long-term game. As long as by borrowers. This will cost around we could purchase the property at a How to RM10,000 to RM20,000 depending on reasonable price — of course the low- the loan amount. It will cost you less er the better — and hold it for over 10 refinance than RM10,000 for a top-up loan with years, it could serve as an investment Ng: Enquiries and the same lending bank. tool,” notes Ng. “These are all the costs that we need For Adam, who is now living in a appointments Make sure you are no longer 1 to consider if we are looking at refi- rented house, he is keen at looking for for property nancing. It’s not advisable to take up a good bargain in a slow market despite bound by the existing mortgage refinancing if we couldn’t get at least the uncertainties ahead. refinancing have lock-in period RM100,000 cash, after deducting all the “As long as it’s not for speculation, I surged 50% to cost and mortgage loan settlement, as a think it’s fine. To me, buying property new loan [refinancing] means a longer has multiple purposes — for savings, 70% a month Look for the best refinancing 2 repayment period,” Soon explains. for shelter and yes, for cash when you package including the bank where Meanwhile, Ng adds that the appli- need it,” he says. since January. the current mortgage is

Prepare the documents: 3 Example of Mr A has been paying RM2,000 a month a. Six months salary slips to service an existing housing loan. (some banks request for property He still has RM180,000 outstanding only three months) refinancing to be paid. The property’s value b. Latest Employees’ Provident is now RM700,000. Fund (EPF) statement for cash He decides to refinance and c. Documents related to property the new mortgage amount is ownership (sale and purchase RM560,000. After settling the existing agreement or the property title) loan outstanding sum of RM180,000, Mr A will get a cash-out of RM380,000*. Prepare funds for the fees involved 4 in the processing of the new loan *The calculation does not include borrowing costs. EP 8 Friday june 19, 2020 • THEEDGE Financial Daily property chat Know the Types of Resolution(s) under SMA

fire insurance policy as stated in By datuk Chang section 93 of the SMA. The Special Resolu- Kim Loong tion is also applicable to Sub MCs. On the other hand, a Unanimous Resolution requires every valid vote cast he Strata Management Act at the general meeting by a show of hands, 2013 (SMA) came into force or by every valid vote cast if a poll is con- in June 2015. It is a convoluted ducted (section 2 of the SMA), for it to be and intricate legislation with carried. The notice period requires at least a lot of untested areas. Here, 21 days. This type of resolution is relevant we discuss the various types of when an MC pursuant to section 74 of the resolutions under the SMA which is one SMA wishes to acquire land outside the lot of the management corporation. It is also to avoid submission of contentious Tof the more common queries the National or to grant or accept the burden or benefit (2) Upon receipt of the notice under motions in hopes that they will be carried House Buyers Association (HBA) has been of an easement on the lot. Hence, it is only subparagraph (1), the management without the knowledge of non-attending inundated with. applicable to an MC. committee shall include the motion in owners. Property owners are often confused Comprehensive Resolution re- the agenda of next general meeting, Until our Parliament amends the law or with the various types of resolutions. It is quires a longer notice period of at least 30 and the notice of the motion shall be the Courts of Law further clarifies on this important to appreciate that, pursuant to days before the general meeting which the displayed on the notice board of the issue, HBA will take the view that no new the SMA, there are four types of resolu- resolution will be considered. The votes management corporation.” fresh motion will be allowed unless there is tions namely Ordinary Resolution, Special will be cast by poll over a period of 60 at least 14-day notification to every owner. Resolution, Comprehensive Resolution days (section 2 of the SMA). At the end of The words ‘next general meeting’ in this Of note is that, the SMA does not prohibit and Unanimous Resolution. These reso- 60 days, the votes will be counted and the provision appears to render the provision owners from submitting fresh motions at lutions require different threshold of votes Comprehensive Resolution is only carried ambiguous. However, it will not be so am- any time of the year even in the absence of in order for it to be carried. This is because if the valid votes cast for the resolution is biguous if it is read in conjunction with any notice convening a general meeting. certain matters have long lasting effect to at least two-thirds of the aggregate share paragraph 12, Second Schedule of the a stratified development and therefore re- units of all the parcels in the stratified devel- SMA, as shown below:- quire a clearer mandate. opment. This type of resolution is applicable Rejection of motion An Ordinary Resolution general- when a decision is needed to create a Sub Notice of general meeting ly requires at least 14 days’ notice and is MC and limited common property pursuant (1) At least fourteen days’ notice of any submitted by owners carried if supported by a simple majori- to section 17A of the Strata Titles Act 1985. general meeting shall be given to every Can the management body refuse to include ty of votes cast. This is the most common Hence, it is only applicable to an MC only. proprietor. a motion submitted by owners, into the method whereby a decision can be made (2) Every notice for a general meeting agenda of the next general meeting? during a general meeting and is applicable shall include but not be limited to the Paragraph 13(2) of the Second to Joint Management Body (JMB), Man- Requisition for motion following: Schedule shows that it is mandatory for agement Corporation (MC) and subsidi- Another popular query is about when is it a. the place, date and time for the the management body to include a motion ary Management Corporation (Sub MCs). a suitable time to submit a motion to be meeting; submitted by the owners into the agenda of A Special Resolution requires a proposed, discussed and voted upon during b. each proposed resolution to be the next general meeting. This also applies longer notice period of at least 21 days a general meeting. Paragraph 13, Second considered at the meeting; and to a motion to amend any existing motions and is considered passed if it receives at Schedule of the SMA, reads as follows:- c. a notification to each proprietor of as set out in the agenda of the notice for the least three-quarters of valid votes cast in a his voting rights and that he may upcoming general meeting. general meeting by a show of hands, or, if Requisition for motions to be vote in person or by proxy at the a poll is taken, by a majority consisting of included on agenda for general meeting. not less than three-quarters in number of meeting (3) In the case of an annual general Deciding matters at the valid votes cast (section 2 of the SMA). (1) Any proprietor may, by notice in meeting, the notice in subparagraph A Special Resolution is required when writing deposit at the registered office (2) shall also— general meeting by poll a management body wishes to make or of the management corporation not a. be accompanied by a copy of the There are also queries whether a demand amend a by-law pursuant to section 70 of less than seven days before the time for minutes of the last annual general for a poll in deciding matters during general the SMA, or when a JMB or MC pursuant holding the meeting, require inclusion meeting; meeting needs to be agreed by the majority to section 98 of the SMA wishes to insure of a motion as set out in such notice in b. be accompanied by a copy of the of the persons entitled to vote. Paragraph against other risks other than those in a the agenda of the next general meeting audited accounts together with the 17(1), Second Schedule of the SMA provides auditor’s report on the accounts of that it is sufficient for one owner to demand Types of Requirements Purpose the management corporation; and for a poll hence there is no requirement for Resolutions c. specify any other matters to be the majority to agree. considered at the meeting. Similarly, pursuant to paragraph 17(4), Ordinary • notice period of at least 14 days • All matters other than those (4) No motion shall be submitted at a Second Schedule of the SMA, the demand Resolution • simple majority by show of hands required to be carried by Special, general meeting unless— for poll can only be withdrawn by the person or by poll Comprehensive and Unanimous a. notice of the motion has been given in who makes the demand. resolutions accordance with this paragraph; or It is expected more uncertainties or lacuna Special notice period of at least 21 days make or amend additional by-law b. the motion is a motion to amend a in the SMA and its Regulations will arise, be • • motion of which notice has been so argued, tested and clarified by the Courts Resolution • if by a show of hands, at least • to insure against risks other three-quarters of valid votes cast than those in a building fire given.” of Law. HBA has made proposals for the amendments to the SMA and Regulations • if by poll, not less than three- insurance policy as stated in quarters of the valid votes cast section 93 of the SMA Any property owner who requires inclusion in view of the many existing uncertainties. in the agenda of the MC’s next general Hopefully, the ambiguities in the strata Comprehensive • notice period of at least 30 days • to create Sub MC and limited meeting may serve a notice in writing to the management legislations can be resolved Resolution • votes will be cast by poll over a common property MC and if at the time of the submission of shortly. period of 60 days after general the written request, notices have been given meeting; and in respect of an upcoming general meeting, Datuk Chang Kim Loong is • carried if the total valid votes for the said motion shall only be included in the the Hon. Secretary-General the resolution is at least two-thirds agenda of the following general meeting. of the National House of the aggregate share unit. The rationale is that if new inclusions into Buyers Association (HBA). an agenda are allowed after the notices of HBA can be contacted at: Unanimous • notice period of at least 21 days • to acquire land outside the lot general meeting have been served, owners Email: [email protected] Resolution • every valid vote cast at the general • to grant or accept the burden or meeting by show of hands or by poll benefit of an easement on the lot who did not attend the meeting may not be Website: www.hba.org.my aware of the additional motion requested. Tel: +6012 334 5676 FridayEp 14 june 19, 2020 Friday june 12, EP2020 9

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Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM600,000 RM730,000 RM3,500,000 RM790,000 , Maxwell Towers, Petaling Jaya, , Selangor Damansara Foresta, Bandar Sri Cheras, Selangor Selangor Type: Semidee house Tenure: Freehold Damansara, Selangor Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 5,118 sq ft Land size: 6,097 sq ft Type: Condominium Tenure: Freehold Built-up: 1,080 sq ft Land size: 2,196 sq ft Built-up: 1,861 sq ft Land size: NA : 6 : 7 Built-up: 1,425 sq ft Land size: NA Bedroom: 4 Bathroom: 3 Bedroom: 3 Bathroom: 3 Bedroom: 4 Bathroom: 3

Zuraidah (REN 17983) Yoong Shiun Yan (PEA 1320) Winny Su (REN 00355) Wenda Tee (REN 31380) LEGACY REAL PROPERTY SDN BHD (E (1) 1925) HARTAMAS (MALAYSIA) (E(1) 1439) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) Reapfield Properties (HQ) Sdn Bhd (E (1) 0452) +6019 221 5106 +6019 288 2356 +6017 298 1800 +6013 348 9163

RENTED foR

RM68,000/mth (RM0.57 psf) DONE Factory, Port , DEAL Selangor Concluded by: Norman Soo (REN 20639) of CID Realtors Sdn Bhd (+6017 309 0128) When: January 2020 RM7,500,000 RM1,100,000 Temasya Alpine, Glenmarie, As the largest port in Malaysia, the terminals will help to save The Mews, KLCC, Selangor Noteworthy there is always good demand transportation cost for the Type: Condominium Tenure: Freehold Type: Factory Tenure: Freehold Built-up: 925 sq ft Land size: NA Leasehold for warehouses or factories company,” offered Soo. Built-up: 8,458 sq ft Land size: 14,717 sq ft • Bedroom: 1 Bathroom: 1 near which is There were 83 industrial • Detached unit only 6km away from Klang unit rental listings in Port • Land : (REN 09135) town and 38km from Kuala Klang on EdgeProp.my (REN 34954) Victor Lim 117,518 sq ft; Viannie Chua CBD PROPERTIES SDN BHD (E (1) 1197) built-up: 9,999 sq ft Lumpur, according to Norman asking for an average rental CBD PROPERTIES (USJ) SDN BHD (E (1) 1197/8) +6019 280 2788 Soo from CID Realtors Sdn of RM127,197 per month or +6012 851 1491 • Easy access to the Bhd who concluded the rental RM0.91 psf as at June 2020. New North Klang Straits Bypass of this factory unit in the Selat There were also 59 sale listings (Shapadu); 5km to Klang Utara industrial area. of industrial units in Port North Port; 7km to The area is about six Klang with an average asking Port Klang minutes’ drive to the North price of RM16.98 million or Port Terminal. The owner RM189 psf. had purchased the property In 2019, 19 factory units in 10 years ago and has been Port Klang were sold at an leasing out the space for average transacted price of rental returns. RM5.71 million or RM284 psf. “The return on investment (ROI) of this factory is around Planning to buy or sell a home? 7% a year,” said Soo. With EdgeProp’s FREE transacted RM35,000,000 price tool, you can check past RM55,000,000 The new tenant is a foreign transaction prices for any property Klang, Selangor firm in the manufacturing by name or area and make an Plaza 63, Sungai Besi, Type: Factory Tenure: NA and exporting business. It informed decision. Kuala Lumpur 90,000 sq ft 130,680 sq Built-up: Land size: chose this unit as it offers two Type: Commercial complex Tenure: Leasehold ft Built-up: 172,544 sq ft Land size: 20,480 sq ft entrances and exits as well as ample storage space. Tay Yen Sing (REN 29659) “Renting an industrial unit SP Lee (REN 40386) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) as factory and warehouse near REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6012 335 0520 +6018 382 9338

RM550,000 RM1,980,000 RM59,000/mth RM1,300,000 D’Aman Crimson, , Taman Tun Dr Ismail, Bandar Sultan Sulaiman Tanjung Hijauan Residence, Batu 9, Selangor Kuala Lumpur Harapan,Port Klang, Selangor Cheras, Selangor Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Factory Tenure: Leasehold Type: Semidee house Tenure: Freehold Built-up: 1,155 sq ft Land size: NA Built-up: 2,000 sq ft Land size: 2,000 sq ft Built-up: 56,000 sq ft Land size: 87,120 sq ft Built-up: 3,300 sq ft Land size: 2,800 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 5 Bathroom: 3 Bedroom: 5 Bathroom: 5

Siew Lee Tan (REN 01666) Sharifah (REN 05245) Norman Soo (REN 20639) Mohd Hazli Aziz (REN 35744) TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) KIM REALTY (E (3) 0211) CID REALTORS SDN BHD (E (1) 1855) IW PROPERTIES (E (3) 1334/1) +6012 458 3016 +6012 627 9011 +6017 309 0128 +6012 666 0984 Friday june 19, 2020 EP 11

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RM980,000 RM2,180,000 RM3,700,000 RM710,000 Bangi Avenue, Bangi, Selangor Medan Damansara, Damansara, Damansara Heights, Damansara, D’Demang @ , Type: Terraced house Tenure: Freehold Kuala Lumpur Kuala Lumpur Puchong South, Selangor Built-up: 2,200 sq ft Land size: 4,479 sq ft Type: Terraced house Tenure: Freehold Type: Bungalow Tenure: NA Type: Terraced house Tenure: Leasehold Bedroom: 4 Bathroom: 4 Built-up: 3,046 sq ft Land size: NA Built-up: 3,700 sq ft Land size: 6,800 sq ft Built-up: 1,840 sq ft Land size: 1,300 sq ft Bedroom: 6 Bathroom: 4 Bedroom: 4 Bathroom: NA Bedroom: 4 Bathroom: 3

Mohd Syam (REN 15084) May Leong (E 2769) May Leong (E 2769) Lue (REN 18679) JUSTE LAND BHD (E (3) 0205) JUBILEE REALTY (E (3) 1853) JUBILEE REALTY (E (3) 1853) HARTAMAS REAL ESTATE (MALAYSIA) SDN BHD +6013 639 6454 +6012 779 0798 +6012 779 0798 (E (1) 1439) +6014 626 4929

Sold foR

RM2.6 million (RM525.15 psf) DONE D’Villa Botany, 2-storey semidee DEAL house, Kota Damansara, Selangor Concluded by: Ann Soh (REN 03232) of Metro Rec Sdn Bhd (+6018 369 8650) When: December 2019 RM35,000,000 RM500,000 , Kuala Langat, Selangor D’Villa Botany is located more spacious. However, he Subang Bestari, Selangor Type: Factory Tenure: Freehold Noteworthy at Jalan Kenyalang in has retired and the children Type: Terraced house Tenure: Leasehold Built-up: 80,000 sq ft Land size: 174,240 sq ft Built-up: 2,224 sq ft Land size: 2,445 sq ft Leasehold Kota Damansara behind have moved out so, he • Bedroom: 5 Bathroom: 5 the popular grocery and decided to sell the house • Land area: 4,951 sq ft; built-up: household goods retail store and live in a condominium,” Kheng Fatt (REN 04422) 5,151 sq ft NSK Trade City. said Soh. Kalthum Samad REN 25404 CHESTER PROPERTIES SDN BHD (E (1) 1321/15) Developed by Sunway Considering the NILAI HARTA CONSULTANT SDN BHD (VE (1) 0134/7) • Five ; five +6012 329 6931 Integrated Properties Sdn renovations and extension 6019 351 6257 Bhd, it is one of the earliest carried out, Soh reckoned • Fully furnished unit gated and guarded residential this is a good deal. “The buyer Walking distance • developments in Kota Daman- was happy not only because to NSK Trade City (around 750m), sara. Landed homes at D’Villa no renovations were required 2.5km to Dataran Botany offer large land areas. but also because it is well- Sunway, Giant According to Ann Soh maintained,” she said. Hypermarket, from Metro Rec Sdn Bhd EdgeProp.my data Sunway Giza who concluded the deal, showed that there were Mall, 4km to Segi Kota Damansara has become four transactions of semidee University Kota one of the most sought- homes in Kota Damansara in Damansara and after addresses in Petaling 2019, sold at an average price Thompson Hospital Jaya for its proximity to of RM2.42 million or RM467 Kota Damansara RM1,200,000 various amenities and major psf. From 2015 to 2018, there RM22,000/mth • Easy access to the business hubs such as Mutiara were 25 semidees that were New , , Selangor Damansara, Damansara sold here for between RM261 Section 51, Petaling Jaya, Selangor Expressway (NKVE) Type: Semidee house Tenure: Freehold Uptown and . and RM551 psf. Type: Factory Tenure: Leasehold and Persiaran Surian Built-up: 3,300 sq ft Land size: 3,375 sq ft “The seller of this semidee As at early June 2020, there Built-up: 20,000 sq ft Land size: 9,300 sq ft Bedroom: 5 Bathroom: 6 home had fully renovated were six semidee homes listed and extended the house by for sale on EdgeProp.my with Justin Lee (REN 32527) another 951 sq ft in built-up the average asking price at Josephine Tan (REN 05324) FULL HOMES REALTY SDN BHD (E (1) 1501/8) size making the house even RM2.74 million or RM563 psf. CBD PROPERTIES Sdn Bhd (E (1) 1197/12) +6016 618 9568 +6012 390 9498

RM450,000,000 RM2,888,000 RM25,068,000 RM1,550,000 Jalan Loke Yew, Cheras, Tanarimba, Janda Baik,Pahang Puchong, Selangor Bukit Rahman Putra, Selangor Kuala Lumpur Type: Bungalow Tenure: Leasehold Type: Land Tenure: Freehold Type: Bungalow Tenure: Freehold Type: Commercial Complex Tenure: NA Built-up: 6,485 sq ft Land size: 44,793 sq ft Built-up: NA Land size: 126,590 sq ft Built-up: 3,600 sq ft Land size: 7,007 sq ft Built-up: 560,000 sq ft Bedroom: 3 Bathroom: 4 Bedroom: 7 Bathroom: 8 Land size: 704,915 sq ft

Jimmy Ng (REN 02015) Jennifer Yap (REN 01757) James Lee (PEA2496) Irene Wan (REN 15703) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452/1) REAPFIELD PROPERTIES (HQ) SDN BHD (E(1)0452) LEADERS REAL ESTATE (E (3) 1204) PROPNEX REALTY SDN BHD (E (1) 1800) +6016 257 0886 +6012 324 0238 +6010 773 0073 +6016 233 9488 EP 12 Friday june 19, 2020

Friday august 30, 2019 Click/tap on spotlight each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM1,150,000 RM2,700/mth RM850,000 RM2,800/mth , Selangor The Fennel, Sentul, Kuala Lumpur USJ, Selangor SkyLuxe On The Park , Bukit Jalil, Type: Terraced house Tenure: Freehold Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Kuala Lumpur Built-up: 3,300 sq ft Land size: 2,960 sq ft Built-up: 1,186 sq ft Land size: NA Built-up: 1,800 sq ft Land size: 1,800 sq ft Type: Condominium Tenure: Freehold Bedroom: 5 Bathroom: 5 Bedroom: 3 Bathroom: 3 Bedroom: 4 Bathroom: 3 Built-up: 1,087 sq ft Land size: NA Bedroom: 3 Bathroom: 2

Hanif Kasmani (REN 38092) Fong Tan (REN 38422) Eugene Koo (REN 00311) Chris Chiam (REN 27288) MAXXAN REALTY SDN BHD (E (1) 1766) REAL ESTATE FINDERS (MY) SDN BHD (E (1) 1516) I-Prop Realty (Usj) Sdn Bhd (E (1) 0452/2) REAPFIELD PROPERTIES (SJ) SDN BHD +6010 404 0345 +6012 370 9874 +6017 212 3948 (E (1) 0452/2) +6019 317 7060

RM1,320,000 RM525,000 RM923,510 RM3,200,000 Residensi Sefina, Mont’Kiara, Taman Putra Prima, Puchong, Bangi Golf Resort, Bangi, Selangor Casabella, Kota Damansara, Kuala Lumpur Selangor Type: Residential land Tenure: Leasehold Selangor Type: Condominium Tenure: NA Type: Terraced house Tenure: Freehold Built-up: NA Land size: 11,890 sq ft Type: Bungalow Tenure: Leasehold Built-up: 1,333 sq ft Land size: NA Built-up: 1,274 sq ft Land size: NA Built-up: 5,000 sq ft Land size: 4,000 sq ft Bedroom: 3 Bathroom: 2 Bedroom: 4 Bathroom: 3 Bedroom: 6 Bathroom: 6

Carmen Teoh (REN 27223) Carmen Teoh (REN 27223) Asyran Laidin (PEA 2350) Ann Soh (REN 03232) IQI REALTY SDN BHD (E (1) 1584) IQI REALTY SDN BHD (E (1) 1584) IREAL PROPERTY SDN BHD (E (1) 1747) METRO REC SDN BHD (VE (1) 0376/1) +6012 303 3133 +6012 303 3133 +6012 429 9573 +6018 369 8650

RM4,900/mth RM20,924/mth RM6,500/mth RM4,600,000 Kiaramas Ayuria, Mont’Kiara, Top Glove Tower, , Tijani 2 North, Kenny Hills, One KL, KLCC, Kuala Lumpur Kuala Lumpur Selangor Kuala Lumpur Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Type: Office space Tenure: NA Type: Condominium Tenure: Freehold Built-up: 3,285 sq ft Land size: NA Built-up: 1,605 sq ft Land size: NA Built-up: 4,452 sq ft Land size: NA Built-up: 2,943 sq ft Land size: NA Bedroom: 3 Bathroom: 4 Bedroom: 4 Bathroom: 4 Bedroom: 4 Bathroom: 4

Angelia Kong (REN 03495) Amy Wong (REN 30799) Ain Nabila (REN 39738) Ian Tang (REN 22803) FIRST REALTORS AGENCY (E (3) 0788) IQI REALTY SDN BHD (E (1) 1584) CBD PROPERTIES SDN BHD (E (1) 1197) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6017 292 3977 +6018 354 0010 6011 26477114 +6018 278 3154

RM11,888,888 RM1,500/mth RM7,000,000 RM850,000 Jalan Klang Lama, Kuala Lumpur Eco Majestic, , Jelebu, Negeri Sembilan Elmina East @ Denai Alam, Type: Land Tenure: Freehold Selangor Type: Industrial land Tenure: Freehold Shah Alam, Selangor Built-up: NA Land size: 30,268 sq ft Type: Shop Tenure: NA Built-up: NA Land size: 4 acres Type: Terraced house Tenure: Freehold Built-up: 1,560 sq ft Built-up: 2,399 sq ft Land size: 2,063 sq ft Bedroom: 5 Bathroom: 4

James Lee (PEA2496) Jessica Tung (REN 05827) Joanne Soh (REN 13124) Juzri (REN 35407) LEADERS REAL ESTATE (E (3) 1204) PROPNEX REALTY SDN BHD (E (1) 1800) CBD PROPERTIES SDN BHD (E (1) 1197) HUNT PROPERTIES (BANGI) SDN BHD (E (1) 1498/3) +6010 773 0073 +6012 381 7783 +6012 297 6506 +6016 220 6104