Reasons Why You MUST Buy Landed Property in the next 5 Years!
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- čas přidán 9. 08. 2022
- This video sharing in based on my own professional opinion based on the research and finding as a real estate negotiator. Of course over time things may change and will effect the end results but at the moment based on the current trends, I believe this would be the most likely outcome for the next 5 years time.
Watch the video and find out the reasons why I come to this conclusion. Cheers!
#landedproperty #electriccars #ev
Condo plusses include good maintenance; it is a feature, not a bug.
Also often stunning aerial views, security, constant cooling breeze, free from mosquitoes.
I agree EVSE will be a rising concern but good condo MO’s will be able to tackle it reasonably well
No denying some condos has great view and excellent security. Merely stating the reasons why landed will be even more desirable in the next 5 years. The only way the condo can fix the EVSE issues is MO has to allow installation for each individual owners. Common condo EVSE sharing won't be practical once EV adoption becomes mass scale for high-rise due to much higher population density.
@@chestercheng.realestate what could be the maintenance cost for condominium of 1m RM or for a 1000sft
What is the current valuation of secondary market in USJ 18, as it appears you are walking in that neighbourhood.
Yes, I am walking at USJ18 during this video recording. Price very much subject to the renovation and condition. Typically ranging from RM850-950k
Will it make a difference when buying a landed leasehold or should it be landed freehold property pls?
Of course, the perception of freehold has higher weight but then again if you look at certain part of the country like in e.g Tropicana, Ara Damansara. Those ares leasehold has high value too.
Do you have video on how to buy below market value house ?
As to date not yet, will try to compile one soon
Can foriegner buy landed freehold property in any promising profit making areas in federal territory. Petrol price less than RM3 will this make much expensive than electric cars?
Yes, foreigners can buy properties in federal territories. But depending on type of properties and also there is a minimum price. Example, if residential property must be above RM1 million. No restriction for foreigners buying commercial properties except for agricultural land.
@@chestercheng.realestate thankyou.
Can a foriegner sell the land to native or foriegner after a five years without building a house or after building a house. Will there be a tax on selling a residence constructed by a foriegner on his freehold land if he sell it within a year or two or even three years after he purchased this land. Hope my query is clear. Kindly reply because many of the foriegners interested in building a home but try to sell it after a few months and invest in different locations in Malaysia itself. One more question, is the tax paid is calculated based on the extra cash he earned while this process of buying and selling or is it calculated based on the selling price alone.
@@green_curve Yes you can but property "gain tax" still applies to foreigners even after 6th years. Gain tax are calculated based on profits gains deducting renovation cost, stamping, professionals lawyer and agents fees etc
Kindly explain how much the rate of property gain tax for foriegner against the year of holding.
This question to chatgpt(2021) I got the answers below.
Explain the rules of property gain tax payable by a foriegner in malaysia
ChatGPT
In Malaysia, non-residents are subject to a property gain tax (PGT) when they dispose of their Malaysian properties. The PGT is a tax on the gain made from the sale of property and is levied on the net chargeable gain at the following rates:
30% for gains realised within the first five years of ownership
20% for gains realised in the sixth year of ownership
15% for gains realised in the seventh year of ownership
5% for gains realised in the eighth year and subsequent years of ownership.
The net chargeable gain is calculated as follows:
Sale price - Purchase price - Expenses related to the sale
Expenses related to the sale include legal fees, real estate agent commission, and other related cost.
This is from chatgpt 2021. Kindly explain if any changes in these rules after 2023.
@@green_curve Yes, the gain tax has changed. Now for local Malaysian its 6th year to eligible for 9% gain tax
cannot charge EV in condo?? I think your knowledge is bad. Very bad, need to upgrade yourself.
7:30 - I said "most" management don't allow. Maybe you didn't hear correctly
this old uncle is a typical jocker its like a frog in the well, the way he think it's all just about car porch Ev charger, omg~ for the person so stingy like you of coz is not welcome by any single condo of JMB. For us we are willing to pay for the maintenance to enjoy the security and facilities and to stay in township area instead of far away from working place just because of "landed". FYI UNCLE nowadays lot of condo equipped with EV charger as well since you are so particular on the Car porch , come on please upgrade yourself before any statement la. Lastly for your personal prospect of view, i would suggest you to just rent a house so xpayah bayar maintennece fees , cukai pintu cukai tanah also xpayah bayar, you can also drag the landlord rental also lari if you are smart enough it suit you the most, you re welcome no need thanks.