Cheras Pre-Launch Apartment [Early Bird Promotion]

Strategy location at Cheras (near Bandar Sungai Long, but NOT inside Sungai Long) 

* Very Functional Space and Built up Area ~ 1,000 sq.ft.
* All 3-Bedrooms type
* All units included 2 Carpark
* price from RM393k

Booking Fee Only RM2,000

Early Bird Promotion

>> ONLY 1% Downpayment <<
>> FREE SPA Legal Fee <<
>> FREE Financial Health Check <<

Show Unit is Ready. Contact us for viewing.

Please call/ whatsapp 012-669 2726.

Follow us at facebook.com/KL-iHome
http://kl-ihome.com/cheras-pre-launch-apartment-early-bird-promotion/

 

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11 Attractions in District 21 @ IOI CITY MALL

Been to IOI City Mall and still wondering what is District 21?? District 21 is an Active Leisure Park located in a 70,000 sq.ft. indoor atrium inside IOI City Mall Putrajaya. Not only District 21 is a themed family entertainment centre (FEC) where all attractions are based on active participation you can definitely be the guardian or join the adventure together and engage more with your childrens.

Space-ship themed entrance to District 21 Theme Park @ IOI City Mall

District 21 has this recycled and repaired environment where the deconstructed interior has intestinally exposed all M&E works visible. Material that was not recycled had been been rendered to appear weather and aged. The walls of the lobby are graffiti bombed provided a stark contrast to the clean new finishings of the mall concourse. The resulting look gives the impression of a once abandoned building that’s been left in a ruin.

After looking at the recent photos people posting up, it seems like District 21 will be a fun place to hang out with friends and definitely good for team building. Below are the eleven attractions mentioned in the video and hopefully there are some things that attracted you. If your children are interested to play but you just wanna look at the side, you don't need to pay full price to be around your children. Now lets see what's available inside District 21 @ IOI City Mall first before I share bout ticketing info:

Incorporating 11 adventure attractions, many of which have never been seen in Asia. District21 offers activities for all visitors to get you climbing, jumping, riding, sliding and flying. The 11 adventure attractions including Wall climbing, Roller glider, Go Pedal, Pump Track, Low Ropes, Trampoline, The Maze, Free fall ( buggy jumping), Sky Trail, Tubby Ride and Carousel. 

Before accessing the park, all visitors must pass through a decontamination chamber. This 2-stage process is aimed to provide all park users a safety briefing and glimpse the story behind District21. You will be given a pair of District 21 socks and glove to protect yourself during the adventure.

District 21 Attraction Overview:

The 11 attractions available in District 21 @ IOI City Mall range from established products such as the High Ropes course, interactive climbing (Power Station), Launch Pad (Trampoline), Tubby Ride, Free Fall, to unique bespoke attractions like the Floating Maze, Pump track, Go Pedal and the world’s first – The Roller Glider.

Wall Climbing/Power Station @ District 21

1. Wall Climbing/Power Station @ District 21

There will be seven types of wall for you to climb and each of them has different level of difficulty. All climbing walls are equipped with auto belays for increased safety. Many of the wall are interactive and require problem solving skill as part of the challenge. Safety flooring is provided throughout the climbing area for additional safety.

Good if you want to train your leg and shoulder muscle. Do note that it is more important to climb the wall using your leg energy instead of just forelimbs. This can safe you lots of energy.

Roller Glider @ District 21

2. Roller Glider @ District 21

The Roller Glider is a world first attraction, a mix of zip line and coaster. Instead of zipping down a cable thetrolley runs along a pipe allowing the closed loop course to take curves. This way the riders enjoy additional G-Forces of a coaster with the thrill of a zip line.

Below is a video of people playing the Roller Glider. Seems fun and I really wanna try this!!

Video credit to Deivanai Thayagarajan‎

Go Pedal @ District 21

3. Go Pedal @ District 21

Human-powered karts that add fun elements to the Go Kart Experience. The 100m track offers you chance to test your speed and skill. With different size of pedal carts race can be divided by group

4. Pump Track @ District 21

A pump track is an undulating ourse of bumps, jumps, and berms designed to allow you to ride continuously without pedalling. Riders can choose their preference including bike, scooter or skateboard. Helmets, knee and elbow pads will be worn by all riders to ensure safety.

Low Ropes @ District 21

5. Low Ropes @ District 21

Low Ropes is a scaled down version of the Sky Trail, they are designed specifically for younger park visitors. The continuous belay system allow kids to navigate the 7 element course without need to detach from the safety equipments.

Trampoline/Launch Pad @ District 21

6. Trampoline/Launch Pad @ District 21

Launch Pad is the right place for you to play, jump and practice your slam dunk skill on the large trampoline field. It is suitable for all ages and this is very fun to do when you jumping around and do the ninja moves

The Maze @ District 21

7. The Maze @ District 21

The maze is a series of place where you need to navigate through a vertical labyrinth of tunnels, cages and funky challenges. The maze is located 10m above ground so it will be challenging and fun. This maze is completely enclosed thus removing the hardness will be required. A scaled down ersion is also available for younger kids.

8. Free Fall @ District 21

A free fall jump platform that provides you a simulation experience comparable to a parachute jump out of an airplane. Based on the video footage I saw, it is not as fast as bungy jump so you can definitely start form here if you are scare of height. Just imagine you are the ninja warriors in Hong Kong TV dramas jumping on the rooftop.

Sky Trail @ District 21

9. Sky Trail @ District 21

Sky Trail is by far the largest indoor rope challenge course in Malaysia. This challenge offers 23 elements of varying difficulty in a layer course enabling patrons to choose their level of challenge. This is much challenging that Free Fall I guess.

Tubby Ride @ District 21

10. Tubby Ride @ District 21

Tubby Ride has a special surface that patrons will able to experience the same sensation like sliding down a snow bank on an inner tube. The tubes can be used individually, double or in a convoy. So far I saw quite a lot videos on Instagram. Seems fun.

Carousel @ District 21

11. Carousel @ District 21

This 24 seaters carousel is built with wide array of animal figures. Not only horses, but also wild animals like tiger, deer, sled and many more. According to a visitor it is RM5 per ride.

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Interesting structure inside District 21 @ IOI City Mall, Putrajaya

District 21 Indoor Theme Park Admission Fees & Price:

Entry price for adult to District 21 is RM75/entry. If you’re parents or guardian who just want to look at children playing, the price is RM15/entry. Like Icescape Ice Rink, there will be different prices during peak/off-peak hours. For kids that are not higher than 90cm, they will able to play for free.

District 21 opening hour: 
10am to 10pm daily

For latest information about District 21 Adventurous Indoor Theme Park, do visit District 21 Facebook Page. It seems like they are having a "Name and Brag" contest giving away District 21 premiums and ticket passes by giving name to a Cyborg. Go ahead and join to win passes for two. YOu can easily save RM150 if you win their contest.

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Low- and Low-medium Cost Apartment Residents Have to Pay GST for Maintenance Despite Exemption

Residents living in low-and low-medium-cost apartments will have to fork out more for management fees due to a loophole in the GST Act, say property groups. – The Malaysian Insider filepic, December 11, 2014.

Low- and low-medium-cost apartment residents will still be burdened with higher maintenance costs when the goods and services tax (GST) kicks in, a registered property manager said today.

is contrary to the tax exempt supply list in which management fees for these apartments is listed.

Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS) advisor Wong Kok Soo said that these residents would still be exposed to GST passed on to them from the services provided by the likes of technicians and repairmen.

Only goods and services on the zero-rated supply list can claim from Customs the GST incurred through payments to service providers, known as input tax.

"So the net effect is (low- and low-medium cost housing) residents will be paying 6% of their maintenance charges to the government as tax," Wong said at a press conference in Petaling Jaya today.

This meant that there would be no relief to the lower income group, despite their residential developments being listed under the exempt supply list.

"The government thinks that they have relieved those living in low- and low-medium-cost stratified units and therefore they should be happy.

"But the reality is they are now forced to increase their maintenance collection by 6% because they have to pay higher bills to the service providers for maintenance," he said. 

National House Buyers Association (HBA) honorary secretary Chang Kim Loong said that the scenario has turned out to be unfortunate for low- and low-medium-cost apartment dwellers.

"There is obviously lack of thought in the planning of GST and some were very ill-advised and didn't understand the entire concept of giving exemptions," he said.

Chang said that HBA, PEPS, the Royal Institution of Surveyors Malaysia (RISM) and the Malaysian Institute of Professional Property Managers (MIPPM) had sent a petition to Prime Minister and Finance Minister Datuk Seri Najib Razak earlier this month pointing out the problems with the low- and low-medium-cost stratified apartments.

These property industry groups want the government to exempt all categories of stratified properties from GST on management fees.

In the petition, they said it was unfair for other categories of stratified developments to be subjected to GST under the standard rated tax supply.

Other than low- and low-medium-cost stratified developments, those living in other categories of strata property would have to pay GST on their maintenance fees.

Under this standard-rated scheme, one can claim refund of GST input tax (imposed by service providers) from Customs.

But Wong said it was unfair to have to pay GST on their maintenance fees as they were contributing their own monies to maintain, upkeep, refurbish, upgrade and safeguard their own common property.

Wong pointed out that the Joint Management Body (JMB) or the Management Corporation (MC) is formed as a voluntary body by owners to maintain and upkeep common property with monies collected from property owners.

He added that the Income Tax Department recognised maintenance collection in strata developments as mutual income and not subject to income tax.

"So why are they subject to GST," he asked.

According to Wong, the GST Act lists JMB and MC as carrying out a business, despite it was not for pecuniary profit.

Wong said the effect of higher maintenance costs would mean that levels of maintenance, especially for the lower category of strata developments, would decline due to lack of funds.

He added that for strata developments, there is always insufficient collection of maintenance fees, giving the example of medium-cost apartments where the collection rate is only 40% to 60%.

However, GST needs to be paid based on 100% billing and not actual collection.

In their petition to the prime minister, the coalition wants all categories of strata properties to be put under the zero-rated list, noting that this would require an amendment to the GST Act, as the law currently states that only essential goods are categorised under zero-rated tax supply. – December 11, 2014.

- See more at: http://www.themalaysianinsider.com/malaysia/article/flat-residents-have-to-pay-gst-for-maintenance-despite-exemption#sthash.d1tnEWL6.dpuf

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Payment Schedule for Under Construction Property

All properties under construction have to be subjected to the provision of Housing Development Act. 

This is Act being enforced to protect all Malaysian buyers as well as foreigners.

A typical payment installment schedule for purchase the under construction property in Malaysia as following:-

1.	Immediately upon the signing the Purchase Agreement – 1st payment balance 10% after deducting the booking fee.	10%
2.	Within 21 working days after receipt by the Purchaser of the Vendor’s written notice of the completion of:-
	a.) The work below ground level including piling and foundation of the said Building comprising the said parcel.	10%
	b.) The reinforced concreate framework and floor slab of the said Parcel.	15%
	c.) The walls of the said Parcel with door and window frames placed in position.	10%
	d.) The roofing / ceiling, electrical wiring and internal telephone trunking and cabling to the said Parcel.	10%
	e.) The internal and external plastering of the said Parcel.	10%
	f .) The sewerage works serving the said Building.	5%
	g.) The drains serving the said Building.	5%
	h.) The road serving the said Building.	5%
3.	On the date Purchaser takes vacant possession with water and electricity supply ready for connection.	12.5%
4.	Within 21 working days, Authority of the application for subdivision of the said Building.	2.5%
5.	On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be  held by the Vendor’s solicitor as stakeholder for payment to the Vendor as follow:-
	a.) At the expiry of 6 months after the date the purchaser takes vacant possession of the said Parcel.	2.5%
	b.) At the expiry of 18 months after the date the Purchaser takes vacant possession of the said Parcel.	2.5%
Under the Housing Development Act of Malaysia, the construction schedule is 36 months from the date of signing Purchase Agreement.

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Legal Fee

Everyone would like to buy a property, either for own stay or for an investment. However, do you know that on top of the property price, you have to pay a substantial amount of money for legal or lawyer fees and stamp duty?

Legal fees is payable to the appointed lawyer who will prepare Sale & Purchase Agreement between purchaser and vendor. On other hand, Stamp Duty which also known as Memorandum Of Transfer (MOT) is payable to the government & collected by Lawyer on behalf of the government.

On top of that, there are 5% government tax and approximately between RM500 to RM1,000 disbursement cost.

Disbursement cost covers the following:-

1. Stamping of SPA (RM10 per copy x 4)
2. Bankruptcy/ Winding up search
3. Company search (if applicable)
4. Land search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)
5. Registration of Transfer at Land Office
6. Affirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment.
7. Stamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment
8. Transportation
9. Printing/ Facsimile/ Telephone/ Photocopy charges
10. Miscellaneous charges

=> Please click here for Online Computation of Legal Fee

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Base Rate to replace BLR from Jan 2: Bank Negara

KUALA LUMPUR: Bank Negara Malaysia will replace the Base Lending Rate with the Base Rate from Jan 2, 2015 as the main reference rate for new retail floating rates.

The central bank said on Wednesday the new reference rate framework would provide a more transparent reference rate so consumers could make better decisions when choosing the many loan products offered by financial institutions.

“The new reference rate will also better reflect changes in cost arising from monetary policy and market funding conditions, while encouraging greater discipline and efficiency among financial institutions in the pricing of retail financing products,” it said.

BNM said the Base Rate would be determined by the financial institutions’ benchmark cost of funds and the Statutory Reserve Requirement (SRR).

Other factors in the loan pricing are borrower credit risk, liquidity risk premium, operating costs and profit margin which will be reflected in a spread above the Base Rate.

The Base Rate will be used for new retail floating rate loans and the refinancing of existing loans extended from Jan 2, 2015 onwards.

BNM pointed out the shift towards the new reference rate framework should not have an impact on the effective lending rates charging to retail borrowers.

“It is also important to note that the changes do not represent a change in the bank’s (BNM) monetary policy stance,” it said.

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River of Life project on track

KUALA LUMPUR: SOME 53 per cent of cleaning and 14 per cent of beautification works on the River of Life (RoL) project has been completed.

Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor, who visited the site yesterday, said it was not far behind the original schedule of 54 per cent for cleaning and 17 per cent for beautification works.

“Of the total RM2.98 billion allocated for the cleaning work, about RM713.45 million has been spent and of the RM1 billion allocated for the beautification work, RM67,853 has been spent.

“We are focusing on Precinct 7, which is the heritage area that includes Masjid Jamek, China Town and Dataran Merdeka.

“Of the 60 packages in the RoL project, one has been completed — the Heritage Trail, from Lebuh Pasar, Jalan Tun HS Lee to Jalan Kasturi. The other five packages are ongoing, while 10 others are still being designed.

“It is hoped that this project spurs real estate development along the river and attracts new investments in the city,” he said.

Besides initiatives carried out by government agencies to achieve cleaner rivers, Tengku Adnan said the public could do its part by not littering.

“All must be committed and refrain from treating our rivers as a dumping ground.”

The visit also included Wisma Karangkraf, which will be converted into an open air public square, as well as the area behind Bangunan Sultan Abdul Samad, which is being developed into a Guiding Gallery, comprising three galleries with a deck overlooking the Klang river.

The visit included a view of the restoration works for the supporting waterway structures alongside St Mary’s Cathedral near Dataran Merdeka.

As part of the project, river cleaning initiatives are ongoing along a 110km stretch of the Klang river to improve water quality standards from Class III, which is not suitable for body contact and consumption, to Class IIb for recreational activities by 2020.

Among the efforts undertaken for the cleaning process were the installation of communal grease traps to reduce oil and grease levels, pollutant traps to tackle floating items in the rivers, as well as the establishment of waste water and river water treatment plants at selected sites.

Present were mayor Datuk Seri Ahmad Phesal Talib, Federal Territories deputy secretary-general (planning and development) Datuk Mohd Sani Mistam and Malaysia’s Performance Management and Delivery Unit (Pemandu) director of Greater Kuala Lumpur Mohd Azharuddin Mat Sah.

RoL is one of nine Entry Point Projects under the government’s National Key Economic Areas to transform Greater Kuala Lumpur/Klang Valley into a world-class urban conurbation with excellent economic growth.

The project is carried out in three phases — cleaning, beautification and development along the 10.7km stretch of the Klang and Gombak rivers.

The project starts at the first precinct in the north of KL, in Kampung Puah, and ends in Brickfields, covering 11 precincts in total.

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LDP Users, Take Note Of These Changes Starting Monday Dec 8

Image credit: Wikipedia

In an effort to ease traffic congestion along the Damansara-Puchong Highway (LDP), Lingkaran Trans Kota Holdings Bhd, has announced that a contra-flow traffic system will be implemented on a three month trial beginning December 8 (next Monday) until February 27 next year.

According to The Star, the concessionaire of the LDP said with a contra-flow traffic system, highway users from Puchong, Putrajaya and Shah Alam heading towards Kelana Jaya will be able to bypass the heavy traffic between Puchong Jaya and the Petaling Jaya Toll Plaza during the morning peak traffic flow.

A contra-flow lane will start at KM21 (Kelana Jaya-bound) on the LDP, opposite UOB and HSBC banks, after the IOI Mall) with the exit at KM18.

The contra-flow lane is only for light vehicles and Touch ‘n Go users, and will run on weekdays from 6.30am to 9.30am, excluding public holidays. Users should also keep the rightmost lane to enter the contra-flow lane.

Also, Plaza A Toll at the Petaling Jaya Toll Plaza in the opposite direction from Sunway will be closed to facilitate the contra flow.

If you’re coming from Sunway and headed to Puchong or KESAS, please use Plaza B during the contra-flow.

Litrak chief executive officer Sazally Saidi said two trial runs held in April and June last year aimed to identify the potential problems with the current traffic flow and the contra-flow system is expected to benefit some 5,000 motorist daily at the northbound Petaling Jaya toll plaza during the usual morning peak hours.

He added, “Litrak has already added bunting and signages along the highway to inform and guide highway users about the contra-flow.” The Highway Ronda team will be stationed at strategic locations and motorists are advised to follow the signages for guidance.

For more information, please contact the LDP Helpline at 03-7494 7333 for further details. Alternatively, you can visit the Litrak website here.

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What is Stamp Duty and How to Calculate?

A purchaser of a property has to stamp duty to the government when he buys a property.

How to calculate the Stamp Duty Payable?

The stamp duty chargeable on the Sale and Purchase Agreement is RM10 each.

The stamp duty chargeable on the Memorandum of Transfer is calculated based on the purchase price as follow:-

1. For the first RM100,000, the stamp duty payable is 1%
2. For the next RM400,000, the stamp duty payable is 2%
3. For any sum exceeding RM500,000, the stamp duty payable if 3%

Penalty on document not stamped within time

If a document is not stamped within the timeframe, the purchaser will have to pay, in additional to the stamp duty payable, a penalty and the rates of the penalty are as follow:-

1. RM25 or 5% of the duty, whichever shall be greater, if the same is stamped within three months after the time of stamping.
2. RM50 or 10% of the duty, whichever shall be greater, if the same is stamped later than three months but not later than six months after the time of stamping;
3. RM100 or 20% of the duty, whichever shall be greater, if the same is stamped later than six months after the time of stamping.

* The purchaser may appeal to the Collector of Stamp Duties for the reduction of penalty.

Consequences of a document not duty stamped
A document which is not stamped or insufficiently stamped is not void or unenforceable for that reason alone. However, such document may be rejected as evidence if it is required to be produced before the Court. In that event, the party who wishes to produce the unstamped or insufficiently stamped document will have to pay the stamp duty payable and penalty before such document can be received as evidence.

=> Please click here for Online Computation of Stamp Duty.

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How the MRT Sungai Buloh-Kajang Line Underground Stations look like after Completion?

Check it out..!!

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