Overview of The Troika, Kuala Lumpur

Posted by on Feb 6, 2014 in Kuala Lumpur Properties, Real Estate News

Overview of The Troika, Kuala Lumpur

Luxury and sophistication are the two words that most accurately describe The Troika in Kuala Lumpur. This 3 tower development by famed architects Foster + Partners is a stunning work of architectural beauty providing a wide range of living options for those interested in living in this influential district. Take a closer look at The Troika here, and you’ll find out lots more information about this stunning development. This development offers three different types of floor plans, but a wealth of variations and options within each plan. Designed as a luxurious home with a vast array of amenities, residents will have swimming and wading pools available as well as a gym, playground, BBQ area, sauna and more available to them. In addition, the beauty of the towers is brought to life with The Sky Lobby. This sky bridge that spans all three towers provides some of the best and most spectacular views of the city.             The Necklace is part of The Troika that houses some retail shops and restaurants. Dine on fine Japanese cuisine, or stop by the Acme Bar & Coffee for a quick bite or cup of coffee, and some of the finest dining is right at your doorstep. Kuala Lumpur is one of the finest cultural cities in the world and The Troika development brings luxurious living like never before.       Indeed, Kuala Lumpur has grown rapidly and become a booming city in just a few decades. With a population of 1.8 million people, it has become a major business and economic center for the region. Developments like The Troika give people the conveniences they most desire, while surrounded by absolute beauty and architectural perfection. Residents of The Troika understand that they have the most amazing modern home advantage available to them each and every day. The first tower is 38 floors tall, while the second tower is 44 floors. Finally, the third tower stands at an impressive 50 floors. This remarkable three-tier complex fits within the Kuala Lumpur skyline as a remarkable addition. With residential, office, retail and restaurant space, The Troika is a twisting building, with each floor rotating with height. This amazing development by Bandar Raya Developments Berhad (BRDB) brings style and sophistication to residential development. There’s no doubt that The Troika is one of the best and most desirable developments in Kuala Lumpur.   [gmap addr=”The Troika, Jalan Binjai, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia”]The Troika Kuala Lumpur[/gmap]          ...

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How to Set Up A Business in Malaysia

Posted by on Oct 1, 2013 in Company Incorporation, Real Estate News

How to Set Up A Business in Malaysia

There are two types of organizations that can carry out business in Malaysia : Registered Companies (Companies Act, 1965) Firms (Registrar of Business Act, 1956) Firms need to register with the Registrar of Business, create a partnership agreement and the fee is less than RM100.00.   The following are a few steps that need to be undertaken for Malaysian incorporations: 1. Choose a Name and Request for Company Name Availability – For this, form 13A has to be submitted to SSM for requesting a company name. A search fee also needs to be paid to confirm whether the proposed/chosen name would be available for the incorporation of the said company.   2. Obtain Letter of Approval from SSM – All the documents of incorporation can be filed once the letter of approval is issued by SSM. The validity of the company lasts only 3 months from the DOA (date of approval).   3. File Documents Necessary for Incorporation of the Company – The following documents need to be prepared and submitted to SSM for the company’s incorporation: Form 6 – This is a declaration of compliance and its requirement is statutory. Form 48A – Every director needs to file one Form 48A as it is a statutory declaration necessary to be filed by a person before they are appointed as the company’s director. M&A – The MOA (Memorandum of Association) and AOA (Articles of Association) must be filed after being duly stamped. MOA and Its Contents – The MOA contains the following: The company’s name The company’s situation and place of registered office (for example, to set up an office in Kuala Lumpur, the company needs to mention it in this clause) Company’s objects including nature of business (maximum 3) Limited liability of members Amount of authorized share capital, division into number of shares of a set amount Association clause(s) AOA and Its Contents They define the company’s internal regulations and table A of the 4th Schedule of The Companies Act, 1965 can be adopted. Stamping Authority and Fee Malaysia Inland Revenue Board is the stamping authority and RM200.00 is the standard fee for stamping one M&A. Letter of Approval From SSM Authorized Share Capital Fee Paid to SSM   4. Certificate of Incorporation – After submitting all the above documents, SSM will issue FORM 9 which is the certificate of incorporation of the company. The operations of the company will begin from the date of the certificate’s issuance.   5. Other Forms – These forms must be submitted to SSM within 30 days: Form 24 – Return of Shares Allotment Form 44 – Notice of the place of the company’s registered office and the office hours Form 49 – Return giving details and particulars in register of secretaries, managers and directors.   The first director meeting must be called after incorporation and the following things should be confirmed:...

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Buying & Selling Property & Real Estate

Posted by on Dec 13, 2011 in Buying Property, Property Guides, Real Estate News, Selling Property

Despite the housing market trend, real estate transactions continue along. Individuals with a house for sale can do several things to make the home more marketable. The major consideration for most buyers is pricing. People have been conditioned by economic times to demand, in some cases, more than they are paying for. Subsequently, a buyers and sellers market at the same time can be a contradiction. For property to sell there must be a demand. Inventories are up, and the demand for various reasons, is down. An ocean front condominium is still in demand, but financing, asking price and a possible return on the investment, are all considerations. The supply is not in line with demand because of bank foreclosures. The market is overwhelmed with vacant homes. There is a ripple effect of course; foreclosed homes bring down the market value of surrounding houses. Buyers are looking for desperate sellers, ones trying to stay ahead of repossession. The market value and the property’s actual value are far apart. Sellers finding themselves in this predicament have several options. Owners can negotiate a short sale or a deed in lieu of foreclosure. To get the market back on track the desperation factor must be removed. Property, such as a bungalow for sale close to the ocean a few years ago was sold well above actual value. The price was established by desperation. Buyers bought into the “location, location, location” mantra. Families and individuals had to have the property, causing an auction like frenzy. Price bidding drove the sale price up but not the value. Individuals with property for sale today, regardless of the value, have to price the home based on market value. This means many houses will sell for less than the debt owed. This reality must be considered. Attempting to sell a property for more than the market value will end in failure in today’s market. The financial institutions are setting the value because of the massive inventory of foreclosed homes. Today, new buyers want all the amenities. Many are buying with the intention of actually making the property their home. A few years ago, that same property was purchased with resale value in mind. Sell to the buyer not the markets. People more than ever want a home today not just a piece of real estate. Buyers now in some cases are expected to have down payments to purchase. Banks are now requiring individuals have a stake in the game. Location is still important, but having to put 20 percent down has lessened the demand for location, and increased the demand for a...

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Mont Kiara Condominiums

Posted by on Nov 12, 2011 in Real Estate News

Most of the condominiums that I have seen in Mont Kiara leave little space for complaint.  They look modern from the outside as well as from the inside.  The fact is they are pretty new and the fittings, and interiors look polished and fresh.  Space by far has been well used and if you are looking to rent an apartment, you will be happy with the fittings, wardrobes that are provided.  Of course the corner apartments have an added advantage of some sunshine pouring in to the rooms. Although construction was hectic a few years ago, that has eased down in considerable parts of Mont Kiara.  So within the apartment it can be nice and relaxing!  Most of the builders are taking maintainance seriously in order to keep the prices from falling and that is quite an advantage for those who have invested in property here.  The fact is the presence of international schools in the neighbourhood and shopping plazas within walking distance of each other have made this a pretty attractive destination for foreigners who are come here on a posting.  All in all I think Mont Kiara is a good place to consider if you are moving to KL with kids and it is easy to search for a condominium or an apartment for sale here through real estate...

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Selangor Properties

Posted by on Nov 21, 2010 in Real Estate News

Selangor or Darul Ehsan, or “Abode of Sincerity,” is the most populous among the 13 states of Malaysia. Its state capital, Shah Alam is the first city in Selangor. In terms of GDP or Gross Domestic Product, it is the richest state in Malaysia; thus, it is known as the most progressive state among the 13 states of Malaysia. Its industry focuses on commerce and agriculture and its growth and progress has opened up opportunities for the international factories to open in the area. Among these factories, that are now counted among Selangor Properties are Subang Jaya, Shah Alam, Klang, Kajang, Rawang, Selayang, and Ampayang Jaya. A lot of foreigners from nearby countries like Indonesia, China, Vietnam and Bangladesh have migrated to Selangor to work. Although tourism has not been the focus of Selangor’s progressive economy it has been also becoming popular because of the Sepang International Circuit, Sunway Lagoon and Kuala Selangor. There are also a number of shopping malls that are visited by both tourists and local residents. Some of these Selangor Properties are The Curve, Ikano Power Centre, IKEA, Damansara Utama, Sunway Pyramid in Bandar Sunway, Mines Wonderland, Subang Parade, Empire Shopping Gallery and Summit USJ in Subang Jaya. There is also IOI Mall in Puchong, Bukit Tinggi and Bukit Raja Shopping Centre in Klang, Plaza Alam Sentral and SACC Mall in Shal Alam. The industrial and economic progress of Selangor Malaysia has paved the way for the population to swell, as such, the demand for housing properties has also increased. Investors have also been lured to invest in Selangor due to its rapid technological growth. If you are looking to buy or rent Selangor Properties, there is a standard procedure that you should study that applies in all of Malaysia. Some of the clauses of this SOP are: • Pay 3% of purchase prices as initial deposit • 7% of purchase price to be paid 14 days later • 90% of the purchase price 3+1 month later. Foreigners who are keen to purchase a property in Malaysia are subject to approval by the Foreign Investment Committee. You can visit their website, www.eju.jpm.my for more inquiries or call their hotline at (603) 8888...

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Selangor Properties Targets New Launches This Year

Posted by on Oct 31, 2010 in Real Estate News

KUALA LUMPUR: Selangor Properties Bhd has lined up several property launches in Damansara Heights, Gombak and Selayang this year. Among these is a high-end condominium on Jalan Batai in Damansara Heights, group financial controller Lee Boon Kian told the media after the company’s annual general meeting here on April 28. The company has received the development order for the two-acre freehold project, which is awaiting planning approvals. The single 20-storey tower will offer 107 units with an estimated gross development value of more than RM300 million. Selangor Properties hopes to start work on the project this year. On Jalan Semantan, also in Damansara Heights, a freehold tract of 9.3 acres has been earmarked for redevelopment. Currently, the 39-year-old office block Wisma Damansara stands on the site. Lee said plans for a mixed-development project on the land had been scrapped because of height restrictions. Instead, Wisma Damansara will be refurbished and joined by three new condominium blocks. The entire redevelopment will have an estimated GDV of RM1 billion. In Gombak, 200 units of link houses under Phase Two of the Bukit Permata freehold development will be launched by this year. Over in Selayang, the developer is awaiting approval of building plans for its Selayang Mulia project. Selangor Properties hopes to launch, in stages, 700 link houses there by year-end at indicative prices of RM250,000 onwards. The project sits on a 59.1-acre leasehold tract. Plans are also afoot for a mixed development of some 3,000 link houses and shopoffices on 140 acres in Ulu Langat. The layout approval is pending and the project launch has been targeted for end-2011. On its project in Claremont, Perth, Australia, Selangor Properties is starting construction of Phase Two, an 8-storey residential tower of 40 units atop the Claremont Shopping Centre. This is a carbon copy of the first tower, which was completed recently. The mall, owned by Selangor Properties, has a 93% occupancy rate. Lee said the group has no plans to expand its presence in Perth. Meanwhile, Lee said their commercial properties in Damansara Heights continue to record an average occupancy rate of 96%. In the portfolio is Menara Milenium, which is currently 98% occupied with a 7% to 8% yield per annum. For the year ended Oct 31, 2009, the group posted a profit after tax and minority interests of RM33 million on a turnover of RM321.7 million. Source from...

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