Pinetree Marina Resort

Pinetree Project Details

 

Property Category:	High-end Residential	Estimated TOP:	2015
Property Name:	Pinetree Marina Yacht Resort	Developer:	Tiong Nam Properties Sdn Bhd
Address:	Puteri Harbour, Nusajaya, Iskandar	Tenure/Status:	Freehold
Plot Size.:	Approx. 140,696 sqft	Facilities:	Business Centre, Cafeteria, Covered Parking, Gymnasium, Jogging Track, Playground, Sauna, Swimming Pool, 24hr Security
Total Units:	265

Puteri Harbour sits on 1,083.48 acres of land, which forms part of the 24,000 acres proposed Nusajaya regional city. It is located in between the The Singapore-Malaysia Causeway and Second-Link. New CIQ (custom immigration and quarantine) allowed people to take water taxis and ferries across from neighbouring countries. Puteri Harbour is one of the signature developments to catalyze the growth of Nusajaya. The other catalysts in the vicinity include the Kota Iskandar, Southern Industrial and Logistics Clusters (“SILC”), Medical City, Edu-city, International Destination Resort and Nusajaya Residences

Positioned for investors who are looking for the luxury development located on the land RIGHT BESIDE THE MARINA@ Puteri Harbour.
The development in its surrounding context with the marina in the foreground, The position and orientation of two towers, one of tower will be five star hotel while another tower will be the low density 264 units service apartment.

It is now open for interested buyer to make offer to purchase. Due to the overwhelming response there are only very limited units are left.

The lowest quantum starts from RM7xxK onwards for 1 Bedroom (between 6xx sqft to 9xx sqft), RM1.1M onwards for the 2 Bedroom (between 9xx sqft to 13xx sqft), and RM2.3M onwards for the 3 Bedroom (bewteen 16xx sqft to 17xx sqft). Each unit carries a different pricing.

Package:
1) 5% Rebate (This 5% cannot be use to offset the downpayment, it will be refund to you after the developer received the second 10% from you/or your financial institution.
2) DIBS (Interest during construction period to be borne by developer (panel banker only))
3) Legal fee on SPA to be borne by the developer (Panel lawyer only).
4) Full kitchen
5) Built in wardrobe
6) Aircond
7) Marble flooring
8) Timber wood @ bedrooms
* Various type available
* Limited seaview unit available

Earnest Money RM50k or SGD 20k

Please call/Whats app  Valen / Wilson at +60167091205 /+60177383624  end_of_the_skype_highlighting or email valenhar@hotmail.com /wilsonchia85@yahoo.com for details on the sale of new launched units as well as marina view available units.

Location of Site in Puteri Harbour

Positioned for investors who are looking for the luxury development located on the land RIGHT BESIDE THE MARINA@ Puteri Harbour.
The development in its surrounding context with the marina in the foreground, The position and orientation of two towers, one of tower will be five star hotel while another tower will be the low density 264 units service apartment.

 Pinetree Marina Resort

Pinetree Marina Yacht Resort comprises two towers – one housing a five star hotel while the other is a low density 264-unit freehold luxury condominium with quality finishes and full condo facilities.
Located in Puteri Harbour in Nusajaya, Iskandar Malaysia, Pinetree Marina Yacht Resort is served by its own private marina and enjoys enhanced connectivity to Singapore via the Puteri Harbour CIQ that will ply the route from Harbour Front to Puteri Harbour by April 2013.

Puteri Harbour is one of the signature developments to catalyse the growth of Nusajaya. Pinetree Marina Yacht Resort will be supported by leisure and tourism industries like the Puteri Harbour Family Theme Park, Traders Hotel and Somerset Puteri Harbour Iskandar. The other catalysts in the vicinity include the Kota Iskandar, Southern Industrial and Logistics Clusters (“SILC”), Medical City, Edu-city, International Destination Resort and Nusajaya Residences.

Pinetree Marina Yacht Resort is now open for interested buyer to make offer to purchase. The lowest quantum starts from RM7xxK onwards for 1 Bedroom (between 6xx sq ft to 9xx sq ft), RM1.2M onwards for the 2 Bedroom (between 9xx sq ft to 13xx sq ft), and RM2.3M onwards for the 3 Bedroom (between 16xx sq ft to 17xx sq ft). Investors have a choice of marina, sea and city views.

Malaysia - Singapore Curbs Will Benefit Johor Developers

Located just minutes away, Malaysia's southernmost state Johor will benefit from Singapore's latest cooling measures, said RHB Research.

Property developers with large landbanks in Johor – including Mulpha International Bhd, KSL Holdings Bhd, Eastern & Oriental Bhd and Sunway Bhd – stand to benefit from the latest round of cooling measures introduced in neighbouring Singapore.

This was according to a statement by RHB Research, which further highlighted UEM Land Holdings Bhd as being particularly suitable to capture “Singapore money”. UEM Land has a large landbank of 9,000 acres and enjoy strong support from national investment holding arm Khazanah Nasional Bhd.

The research house also listed other factors that will encourage firms to relocate or expand in Johor, stating that Malaysia offers lower interest rates and business costs, while noting Singapore's strong currency.

The Iskandar region will also further boost Johor's prospects, given reports of strong interest levels among Singaporean investors aiming to participate in the development of Johor's upcoming central business district. The proposed project is expected to contribute significantly to Iskandar's property market.

The successful development of Nusajaya into a new residential hub will also bring economic benefits to the state, especially with announcements of cross-border projects at Gerbang Nusajaya.

Among these is the integrated tech park at Gerbang Nusajaya that has been confirmed to start construction by the end of 2013 or in early 2014. Besides increasing population and economic activity, the project is expected to raise UEM Land's future earnings.

Tags: Malaysia, Office for lease, Shop for rent, Income properties

Permas City food bazaar project in Permas Jaya by Interasia Group

 

Permas City

Group director Jonathan Tok Beng Tong said the project which is being developed on a 12ha plot is divided in two phases, with a third phase under discussion.

The first phase, which started early this year, involves the construction of a supermarket in a 7,432sq m area, with completion expected by next May.

Tok said the second phase, which includes an integrated food bazaar for local and international delicacies, an exhibition room, retail stores and a hotel in a 37,000sq m area, is to be completed by 2014.

“The third phase may be carried out in collaboration with a company from China for the development of a shopping mall, commercial complex and serviced apartments,” he said.

Tok said the first and second phases were located strategically near the city centre and Pasir Gudang port, and had a good transport network.

He was speaking at the groundbreaking ceremony of the second phase at Permas Jaya, officiated by Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.

Ismail said the food bazaar was an entry point project under the National Key Economic Areas.

“The first food bazaar was opened in September at Medini Mall, Nusajaya.

“This is the second bazaar to be developed,” he said, adding that the government was planning to open a third food bazaar in Nilai 3, Negri Sembilan.

Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob. being shown an overview of the Permas City project by company officials. Pic by Mohamad Shahril Badri Saali.

SiLC 7 Nusajaya

Project Information TENTURE : Freehold (Foreigners Eligible) LAND TITLE : Commercial title DEVELOPER : Dragon 2012 Sdn Bhd (subsidiary of Tiong Nam) Types: 3 storeys and 4 storeys (4 storeys comes lift) TOTAL UNITS : 117 Units Tiong Nam SILC7 is located within the SiLC (Southern Industrial And Logistics Clusters) at Iskandar Zone, Johor Bahru, Malaysia. Proposed as Mixed Commercial development consist of shop lots, Serviced Apartment and Hotel. Located on the Nusajaya with full of vibrant development around such as JB State Admin. HQ, Educity, Medical Hub, Theme parks, Marina bay lifestyle & more.

Location - where is silc7?

is strategically situated within SiLC Nusajaya – The Southern Industrial & Logistics Clusters – which is envisioned to be a world-class managed; clean and green industrial park designed and planned to meet the current demand for environmentally sustainable development.

As the only managed industrial park in the regional city of Nusajaya and a key driver of Iskandar Malaysia, SiLC is located in the centre of the Asian consumer market of more than 3 billion people, bringing you closer to new growth markets.

Unit available

“CapitalLand’s Danga Bay deal a steal”

The CapitaLand-led consortium’s acquisition of 28ha of freehold man-made island A2 at Danga Bay has been hailed as an attractive deal by analysts.

The price of RM811 million, which will work out to RM262 psf, is 30 percent lower than the RM376 psf or RM900 million paid by Hong Kong listed Chinese developer Country Garden Holdings two months ago, for a 22ha track located nearby, said Singapore based Maybank Kim Eng Research.
TA Securities’ Wendy Tham said the attractive price could probably be due to consideration given to the additional expenses necessary for development on reclaimed land.

CapitaLand Malaysia, a wholly-owned subsidiary of CapitLand Limited of Singapore, controls 51 percent of the consortium which will develop the land. Other consortium shareholders are Iskandar Waterfront Holdings (IWH) with a 40 percent stake and Singapore government investment arm Temasek Holdings Pte Ltd which has a nine percent stake.

CapitaLand Limited, is one of Asia’s largest real estate companies, involved in development, hospitality and real estate financial services. It is 40 percent owned by Temasek.

The development will include a waterfront residential community (high-rise and landed), with a marina, shopping mall, F&B offerings, serviced residences, offices and recreational facilities, to be developed in phases over 10-12 years. It is expected to generate a gross development value of RM8.1 billion.
Maybank Kim Eng Research said though details for the project are rather sketchy, it believes that CapitaLand would to be able to reap some economies of scale, given that it is the project manager for the Afiniti Urban Wellness project in Medini North, which is within the Nusajaya part of Iskandar Malaysia.
The Afiniti project, part of the Medini Integrated Wellness Capital in Iskandar, is developed by Pulau Indah Ventures Sdn Bhd, a 50:50 joint venture between Temasek Holdings and Khazanah Nasional. Among the key offerings are wellness, hospitality, retail and corporate training facilities. Afiniti and the Avira Resort Wellness Centre, a 50:50 joint venture between Pulau Indah Ventures and Eastern & Oriental Berhad, are said to have a combined gross development value of RM3 billion.
The research house added that despite CapitaLand’s unprecedented investment into Malaysia, it does not expect the real estate giant to scale up its exposure in Malaysia.
IWH, the master developer of a waterfront city at the southern tip of Johor Baru, fronting Singapore, has a total land-bank of about 1,620ha in that area. It has so far sold a total of 242.81 ha. Other investors, include Dijaya Corp Bhd, Australia’s Walker Corp and Brunsfield Group.

Tham agreed with popular belief that investment by a company as large as CapitaLand would further enhance investor confidence in the Iskandar region. Though, some may claim that the Singaporeans have an upper hand in this deal – given the lower price and a controlling stake – this deal is actually a win-win situation for both countries, she added. Investments such as this would draw in more foreign investments into Iskandar.

“Additionally, with this project we can not only expect spill-over effect for other developments in the area but also a positive outcome on property prices in Iskandar, as well as the surrounding areas, including Johor Baru, which has been lagging behind Klang Valley and Penang for the last 10 years,” she said.

Johor Baru and Iskandar have been touted as the country’s hottest property markets for 2013 by analysts and property consultants. Iskandar Malaysia formerly known as Iskandar Development Region and South Johor Economic Region covers 2,217 sq km – reported to be, three times bigger than Singapore and twice the size of Hong Kong.

The area which was once viewed as greenfield land started picking up after 2009 and beyond with developments like Legoland, Educity and Puteri Habour Theme Park.

- See more at: http://www.kinibiz.com/story/corporate/4688/capitalland%e2%80%99s-danga-bay-deal-a-steal.html#sthash.UxNo3p54.dpuf

Property and Land Taxes in Malaysia

Property and Land Taxes in Malaysia
If you are wondering what the property and land taxes are related to a house here in Malaysia, they are low compared to the US and many other places.
There are two types of property ownership in Malaysia Leasehold and Freehold. Leasehold is when you lease the land for a period of time often 99 years and then it is renewable [or not] at the end of the lease. The other is Freehold where you own the property outright. We prefer Freehold and were lucky to find a freehold property we like and could afford. For more info on freehold/leasehold check here. By the way, most properties available in KL are leasehold. Foreigners can own either Freehold or Leasehold.
There are two main costs associated with property and land ownership in Malaysia. One is called the Assessment Tax which is a tax generated twice a year by the local Majlis Perbandaran where the property is located. Assessment tax is collected by the local authorities for the ‘provision of services to the residents’. The amount and classification of properties varies from state to state and within the state. In most states the amount of the assessment tax a house owner pays is calculated on the annual value of the of the property and the annual value of the property is the total value of rents if the house is rented out in the open market. If this sounds confusing, I agree. If you want more info. you better do some googling.
The other payment is for the Quit Rent (rent is a deceiving word here) which is generated in our case by the Kerajaan Negeri Sembilan Darul Khusus. This is a once a year payment. From what I understand, Quit Rent is a form of land tax collected by the Malaysian State Governments. It is imposed on owners of all land. The amount of the quit rent varies from state to state and even within each state. For more info. check here.
1). Assessment Tax on Residential Property
The assessment tax is a local tax based on the annual rental value of the property, as assessed by the local authorities. It is generally levied at a flat rate of 6% for residential properties and payable in two installments.
2). Quit Rent
The quit rent is a local tax levied on all landed properties, payable annually at a rate of 1 sen to 2 sen per square foot, wherein RM1 is equal to 100 sen (cents). The quit rent liability is generally estimated to be less than RM100 per year.
http://www.pdtjasin.gov.my/en/online-services/e-calculator/computation-of-yearly-land-tax-rate.html
For Examole, the bungalow( has a Quit Rent cost of 218 RM per year and a Assessment cost of 780 RM total per year. therefore, you may have rough idea about your property.
Real Property Gains Tax
Disposals of Malaysian real property held for less than two years are subject to real property gains tax (RPGT) at a flat rate of 10%. Disposals of Malaysian real property held for less than five years but more than two years are subject to real property gains tax (RPGT) at a flat rate of 5%. No real property gains tax (RPGT) is levied on disposals of properties held for more than five years.
REAL PROPERTY GAINS 2012
OWNERSHIP PERIOD
TAX RATE
Up to 2 years 10%
2 years – 5 years 5%
Over 5% 0%
Source: Global Property Guide
Stamp Duty
When purchasing a property, stamp duty must be paid on the Memorandum of Transfer. Stamp duty is based on the purchase price:
•For the first RM 100,000, stamp duty is one percent
•For the next RM 400,000, stamp duty is two percent
•Anything over RM 500,000, stamp duty is three percent
There are penalties for the late payment of stamp duty.

MM2H Programme Application Services by Metro Homes Sdn Bhd

Malaysia My Second Home Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass. The Social Visit Pass is initially for a period of ten (10) years, and is renewable.

It is open to citizens of countries recognised by Malaysia, regardless of race, religion, gender or age. The programme allows applicants to bring with them their spouses, parents and children. Foreign spouses of Malaysians and expatriates who wish to retire in Malaysia after expiry of their Employment Passes are also eligible to apply to stay in Malaysia on this programme. Applicants are allowed to bring their spouses, unmarried children below the age of 21 and parents above the age of 60 as dependants.

Governmental support This programme is initiated, organised and launched by the Malaysian Government and is thus one that the Government will continuously seek to improve, to ensure its success. Culture and language The Malay language (Bahasa Melayu) is the national language of the country; English is the second language but other languages can be freely used and practised. Similarly the Malay culture is dominant in the country because the Malays are the dominant race in Malaysia and in the region. But other cultures can be practiced very freely and there is a free intermingling of different cultures. Recreation/Entertainment The country has everything for the family,-theme parks, jungle trails,sports, water sports and one of the highest numbers of golf courses. Weather The weather is pleasant, warm and balmy with moderate rain throughout the year, There are also highland residential areas and resorts with permanent spring-like weather throughout the country. Food and Fruit International cuisine is available here at very reasonable cost. With so many races and cultures living together in harmony, it is understandable that each race has picked up the best of each other's food and made Malaysia into Asia'fs Food Paradise. Similarly the tropical fruits of Malaysia are unique, exotic and available in abundance practically throughout the year. It should be a real joy to savour these fruits. Shopping From high-end couture to ethnic handicrafts and the internationally acclaimed pewter ware, Malaysia has it all. Enjoy the comforts and convenience of shopping in air-conditioned malls and hypermarkets. Besides shopping, families have a choice of watching a movie, having fun at the bowling alley or enjoying the spread at the food court. Shoppers can also browse for interesting curios on display at the weekly flea markets. Join in the excitement of haggling at the night markets or pasar malam, an interesting feature of local life. The best time to enjoy fantastic discounts and special offers is during the annual Mega Sales. Safety Statistics can proof that Malaysia is one of the safest countries in the world; its crime rate is relatively low. Standard of living Malaysia has one of the highest standards of living in the region with all the modern infrastructure and facilities in place. Cost of living Cost of living is relatively low. This is due to the Government's effort in to ensure that inflation is kept low at all times and thereby also the prices of goods and services. Infrastructure The entire country is very well connected with up-to-date, modern road, rail, air and sea transportation systems. Public transport by buses, taxis and trains are comfortable, efficient and very affordable. People Here, you will discover a delightful fusion of three of Asia's oldest civilisations – Malay, Chinese and Indian. A potpourri enriched with indigenous traditions of the Kadazans, Ibans and other ethnic communities of Sabah and Sarawak on the island of Borneo. Added with the influence of the British, Portuguese, Dutch and Thais, Malaysians are indeed a blend of diverse cultures. Health and Wellness The fine range of spas in the country provides the ideal setting for complete rejuvenation and relaxation. Malaysia has some of the finest spas in the world be it on a pristine island or right in the middle of the city centre. From traditional Malay massages, India Ayurvedic treatments and Oriental acupressure practices there is a vast backdrop of health rituals in Malaysia. Education Malaysia is also a place for quality education, from nursery to university. Fees are reasonable. There are international schools of repute in all major towns with English and other foreign languages as the media instruction. There are also private colleges and universities which offer twinning programmes with other internationally-recognised universities and colleges. The country is fast becoming an educational centre of excellence for the region. Residence There are quality residences – terrace and semidetached houses, bungalows, apartments and condominiums throughout the country. Some of the finest residences are available in tourism zones – on beaches, near jungles and near theme parks, recreational places and city centres. Metro Homes Shn Bhd Do provide the application services. therefore you save up your time to visit those Government office. Do contact Valen/ Wilson at +6016 7091205 /+6597940550 for enquries. Or visit this website: http://www.mm2hnet.com/