Documente Academic
Documente Profesional
Documente Cultură
2009
pp9309/12/2009(023009)
2. Sustainable Development
Property development, be it residential or commercial, is necessary for socio-economic health of the country and should continue to be encouraged. Housing development is an important engine of growth for the country and generates domestic demand, which in turn reflects a conducive environment for both local and foreign investments. In addition, the housing industry should continue to accommodate the countrys population, which is growing at a rate of about 2 percent per annum, requiring at least 185,000
continued on page 5
2 | division announcement
contents
cover story
> Industry Submits Views on Proposed Hillside Development Guideline 1 & 5 2 2 4 7 67
announcement
> Build Then Sell Status Quo! > Enforcement on the Use of New Stamp Duty Design for Stamp Duty Payment > Malaysia My Second Home (MM2H) Programme Reviewed Guidelines > New Pahang Branch Commitee Members
special report
> PEMUDAHs 1st Year Report Card
event
> Real Estate Developers Association of Singapore (REDAS) Spring Festival Lunch 2009 5
rehda institute
> Seminar on Trends and Property Market Outlook 2009 8 10 10 11
branch news
> Meeting with Datuk Bandar Kuala Lumpur > Official Working Visit to Singapore and Hong Kong
rehda diary
> February 2009
editorial committee
chairman
Dato Michael KC Yam
members
Datuk Eddy Chen, Pn Rusnani Abdul Rahman, Pn Aslinda Mohd Noor, Cik Noorliza Abd Latiff
registered address
No. 2c, Jalan SS5D/6, Kelana Jaya 47301 Petaling Jaya, Selangor
Enforcement on the Use of New Stamp Duty Design for Stamp Duty Payment
lembaga Hasil Dalam Negeri (LHDN) has advised that effective 1 February
2009, the use of new stamp duty design will be enforced to replace the current stamp duty design which is valid only until 31 July 2009.n
producer
Trix Sdn Bhd (267962-p) 77c, Jalan ss22/23, Damansara Jaya 47400 Petaling Jaya, Selangor Darul Ehsan Tel: 03-7729 5066 Fax: 03-7729 5077
printer
Pencetak Weng Fatt Sdn Bhd (19847-w) Lot 6, Lorong Kilang A, Off Jalan Kilang 46050 Petaling Jaya, Selangor Darul Ehsan Tel: 03-7783 9231 Fax: 03-7783 9250
division | 3
4 | announcement
Eligibility
New Guidelines
n Foreign spouses of Malaysian nationals are eligible to apply for MM2H, subject to the terms and conditions of the MM2H programme. Alternatively, they have the option to apply for the Spouse Programme. n The ten-year Social Visit Pass is extended to all Silver Hair and MM2H participants who were previously approved under the five-year Social Visit Pass, subject to the validity of passports. n Age limit of unmarried dependent children is raised from 18 years to 21 years. A declaration stating that the child is unmarried and all expenses during the stay is required.
Previous Guideline
n Open to all citizens of countries recognized by Malaysia regardless of race, religion, gender and age. Applicants are allowed to bring along their spouse and children (below 18 years who are not married)
Business Restrictions
New Guidelines
n Qualified MM2H participants aged 50 and above with specialized skills and expertise that are required in the critical sectors of the economy are allowed to work not more than 20 hours per week. n MM2H participants are allowed to invest and actively participate in business, subject to existing Government policies, regulations and guidelines which are in force for the relevant sectors.
Previous Guideline
n Participants under Malaysia My Second Home Programme are not allowed to work nor do business while staying in Malaysia.
STEP 1
Pre-Submission
STEP 2
State Authority (Evaluation and Approval)
STEP 3
Land Office (Evaluation and Approval)
House Purchase
New Guidelines
Participants are allowed to purchase residential properties priced above rm250,000 per unit. 1. Above rm300,000 per unit for certain areas in the state of Sarawak (Kuching, Miri/Sibu); 2. Above rm250,000 per unit for the other states.
Documents Required
1. Detail of property that is desired 2. Attach copy of S & P (Sales & Purchase) or master title/strata title, passport or I/C or relevant documents deemed necessary 3. Cover letter
STEP 4
IRB (Stamping Agreement)
Previous Guideline
Each participant is allowed to purchase up to two units of residential houses above rm150,000 each, depending on the location of the property. Minimum price for the purchase up to two units of residential houses in Malaysia are: 1. Above rm350,000 each for certain areas in the state of Sarawak; 2. Above rm250,000 each for the state of Pulau Pinang, Melaka and Johor; and 3. Above rm150,000 for other states.
STEP 5 Conditions
1. Value > rm250,000 (other states) 2. Value > rm300,000 (Sarawak) Acquisition of Property
a. Identify the property which the participant intends to acquire. b. Buy properties that have been issued the Certificate of Fitness for Occupation (CFO). c. Seek information on the property from relevant authorities (land office, local authorities). d. Assign a lawyer and get the S & P Agreement signed. 5. Disposal of Properties a. Identify interested local buyer. If buyer is a foreigner, prior approval from FIC is required. b. Sign the S & P Agreement with the interested buyer. c. Notify relevant authorities (FIC, Ministry of Tourism, Inland Revenue Board) of the disposal of the property.
Real Estate Developers Association of Singapore (REDAS) Spring Festival Lunch 2009
rehda was invited by the Real Estate Developers Association of Singapore
(REDAS) to its Annual Spring Festival Lunch on 2 February 2009 held at the Ritz Carlton Millenia Singapore Hotel. During the festival lunch, developers raised their concerns on supply-side measures given to the property market by the Singapore government which is not adequate to help stimulate the property market in Singapore. They have urged their government to take more proactive measures in reviewing the stamp duty payment and bringing back the deferred payment scheme (DPS) to attract house buyers interest. REDAS President, Mr Simon Cheong highlighted that REDAS will continue to maintain dialogues with the government on various proposals and measures in order to stimulate the property market.n
From left to right: REHDA President, Datuk Ng Seing Liong, PJN, JP, REDAS President, Mr Simon Cheong, Mr Gan Kim Yong, Acting Minister of Manpower, Mr Liew Mun Leong, CEO of CapitaLand Ltd and Mr Daniel Teo, REDAS Past President.
6 | special report
Planning Permission Building Plan CFO Planning Permission Building Plan CFO
Property Registration
a. Registration of freehold property from 144 days to: n 41 days via e-STPH and Valuation Information System (VIS); n 61 days through manual processing.
On going initiatives
n To publish Guidebooks on Registering Leasehold and Strata-title Property in Malaysia; and n Working towards standard procedures for transfer of properties via consultation with States.
Foreign Workers
a. Encouraging the use of technology and automation e.g Industrialised Building System (IBS) in the construction industry by: n Freezing the issuance of any new approvals for frontline posts such as cashiers and customers service operators; and n Not renewing the current licenses of contractors/outsourcing companies.
Building Approvals
a. 120 days to process development project approvals; and b. CFO replaced with CCC issued by industry professionals.
On going initiatives
n Setting up of Task Force to resolve policy and implementation issues pertaining to the Malaysia My Second Home (MM2H) programme.
One-Stop Centre (OSC) and Issuance of Certificate of Completion and Compliance (CCC)
a. Approvals for high impact projects, Government projects and projects under the Build Then Sell (BTS) concept are done within 120 days. Other projects will be approved in 6 months; and b. Since the implementation of OSC in 2007, 49,202 applications have been received which included planning permissions (17,783), building plans (26,952), Certificate of Fitness for Occupation (CFO) (4,166) while 301 were incomplete applications.
Business Licensing
a. Development of Business Licensing Electronic Support System (BLESS) n Electronic Information Centre for information regarding name of licences, agencies involved, licence fees and application forms; n One submission centre for submission of application for manufacturing licence, planning permission, building plan and land matters approval and operational licence approval;
On going initiatives
n Reviewing the processes and procedures for bringing in foreign workers; n Priority are given to local workers by reviewing the wage structure; and n Reviewing the Employment Act to allow part-time employment to reduce dependence on foreign workers.
n Electronic Composite Form where information is automatically stored in BLESS; company profiles from SSM are automatically transferred to BLESS whenever required for a minimum fee of rm15 without companies having to submit Forms 9, 24, 44 & 49; n E-payment, E-communication, E-tracking of application, E-approval by agencies and E-notification of approval.
Structure of PEMUDAH
Special Task Force to Facilitate Business (PEMUDAH)
On going initiatives
n Streamlining and reduction of the number of licences and fees required by Government Agencies.
E-Payment
a. As of 31 December 2008, 89 Government agencies have started accepting on-line payments for a total of 148 services; b. Payment can be made via agencys portal, My Government portal or banks portal; and c. Payment can be made via direct debit or credit card.
Office-Bearers
Chairman Immediate Past Branch Chairman Recent Past Branch Chairman Deputy Chairman Secretary Assistant Secretary Treasurer Mr Cheoh Chee Guan Brilliant Foresight Sdn Bhd Mr Jonathan Kok Keng Fai Macinda Sdn Bhd Mr Chin Yoke Kan, AAP Tunas Manja Development & Construction Sdn Bhd Mr Chua Say Chai Ming Hooi Development Sdn Bhd Mr Darren Pang Kwei Seen Perumahan Satelit Jaya Sdn Bhd Ir Samsudin bin Ishak PASDEC Corporation Sdn Bhd Y Bhg Dato Ng Leong Hai Special Selection Sdn Bhd
Committee Members
Mr Ong Thian Yew Mr Liew Kin Hong Mr Loo Chin Yew Mr Chong Chee Seng Mr Simon Sim Chee Keong Mr David Choi Beng Kuan Mr Wong Kok Loon Greenlast Housing Sdn Bhd Liew Sing Development Sdn Bhd Eastern Fame Sdn Bhd Hui Tat Builders Sdn Bhd Kean Fatt Development Sdn Bhd C.K.C Development Sdn Bhd Wong Fook Construction Sdn Bhd
8 | rehda institute
Mr Christopher Boyd started his presentation by giving a broad sectorial outlook of the property market in the Klang Valley. For the retail sector, he noted that incoming supply will shrink by more than half from 2010, though occupancy rate for major KL and suburban shopping centers are reported to be still high on an overall average of 90.5% and 93.3% respectively. Based on a survey conducted by Regroup, overall sales turnover has dropped in 2008, with luxury brands having the highest drop. For the office sector, Mr Boyd highlighted that the prime average rental rates of high grade office space in the Golden Triangle area has increased steadily since 2002, and in the last quarter of 2008 recorded a rental rate of more than rm7 per sq ft. As for the residential sector, from the first to third quarter of 2008, the mass market housing proved to be the popular category. Properties priced between rm50,001 100,000 and rm150,001 200,000 recorded the highest sales rate of 75.3% and 69.7% respectively. According to Mr Eric Ooi, 2007 was the boom year for the luxury property market. With the waiver of the real property gains tax (RPGT) and FIC relaxation for foreign buyers, foreign purchasers dominated the luxury market and sales take-up increased significantly to average overall at approximately 70%. In the first half of 2008, new luxury properties were setting new benchmark, with asking prices exceeding rm2,500 per sq ft. The luxury property sector, however, experienced a slowdown in the second half of 2008 with the softening of the global economy, which translated into less launches and decline in asking prices and rentals. With the global economy slowdown, buyers are less reluctant to commit to big ticket items, such as in properties. There are also wide-spread expectations of a depressed property market resulting in falling prices and cheaper rents. However, as shown in the table below in Mr Hos presentation, based on the price index of property prices in Selangor, WP (KL), Johor and Penang, Mr Ho concluded that there is no property bubble in Malaysian real estate market, and as such there should be no concern of a depressed real estate market ala the Asian financial crisis in 1998.
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source : Ho Chin Soon Research Sdn Bhd
In her presentation, Datin Adila @ Lim Lay Ying, highlighted that there has been a population explosion in the recent years, with Asia accounting for 57% of world population in 2007. Malaysia is expected to grow at a rate of 2.3%, reaching 31.5 million by 2020. Datin Adila also observed the six demographic megatrends which will influence the real estate performance and prospects, namely population explosion, population shifts and migration, rising income and affluence, rising life expectancy and aging, shrinking family as well as urbanization. These megatrends have significant impacts on types of products developers can focus on in their product offerings. These megatrends help create opportunities for replacement/ redevelopment/conversion in slower growth markets whilst those experiencing higher growth rates will see increased demand for housing, commercial and retail spaces.
10 | branch news
Wilayah Persekutuan (KL) Branch
Datuk Bandar Kuala Lumpur, Y Bhg Dato Ahmad Fuad bin Ismail chairing the meeting.
n Proposed formula for share unit calculation for mixed developments; n Setting-up of One-Stop Centre (OSC) Online System to monitor all submission of planning applications; n Dialogues/Workshops on One-Stop Centre (OSC) System between DBKL and related industry players; n Expedite gazetting of the Draft Kuala Lumpur City Plan 2020; n Expedite issuance of the Certificate of Fitness for Occupation (CFO);
n Enhance work quality, enforcement and delivery service system in Kuala Lumpur; and n Revival of Joint Dewan Bandaraya and Professional Institutes Consultative (JOBPIC) Committee meetings. The Branch will be holding regular dialogues with DBKL to continuously enhance the delivery service system within DBKL.n
WPKL Branch Chairman, Dato Michael Yam (front row, 3rd from right) with the Ministries delegates.
diary | 11
February 2009
date events date events
2 3 4
REDAS Spring Festival Lunch 2009. Attended by Datuk and Datin Ng Seing Liong, JP. Construction, Technology & Labour Committee Meeting. KTAK Bengkel Pembangunan Pelan Induk Kecekapan Tenaga Negara. Attended by Ir Ng Lip Khong and Pn Marini Abd Wahab. CIDB Mesyuarat Jawatankuasa Pembangunan Integriti dalam Industri Pembinaan 1/2009. Attended by Datuk Ng Seing Liong, JP and Dato Michael Yam Kong Choy. MBAM Open House 2009. Attended by Datuk Ng Seing Liong, JP.
18
MPC Registering Property Focus Group Meeting. Attended by Mr Ricque Liew Yin Chew. CIDB Technical Committee Meeting on Construction Practices No. 1/2009. Attended by Pn Aslinda Mohd Noor. MAPEX Meeting. Attended by Ms Jessie Ting and Ms Karen Seow. REHDA Institute Trends and Property Market Outlook & Opportunities 2009. Attended by Ms Karen Seow, Pn Aslinda Mohd Noor and Ms Jessie Ting.
19
5 10 11
MAPEX Luncheon Meeting with NST Property Times. Attended by Dato Michael Yam Kong Choy, Mr Teh Boon Ghee, Mr Che King Tow, Mr Soon Teck Giap, Ms Jessie Ting, Ms Karen Seow and Pn Noorliza Abdul Latiff. Property Council of Malaysia Committee Meeting. Attended by Pn Rusnani Abd Rahman. MoF Public Consultation on Goods & Service Tax (GST). Attended by Mr Ng Lip Chong, Mr Che King Tow, En Sekarnor Che Wan, En Nik Akmar Yusfee, En Zainal Lajis, Pn Rusnani Abd Rahman, Ms Ong Hui Tse, Pn Aslinda Mohd Noor, Ms Yee Chew Ping and Pn Marini Abd Wahab. CIDB Mesyuarat Jawatankuasa OSH bagi Occupational Safety & Health Bil 3. Attended by En Ruslan Anwar of Sime Darby Properties Sdn Bhd. MAPEX Luncheon Meeting with NST Property Times. Attended by Dato Michael Yam Kong Choy, Mr Teh Boon Ghee, Mr Che King Tow, Pn Rusnani Abd Rahman, Mr Soon Teck Giap, Ms Jessie Ting, Ms Karen Seow and Pn Noorliza Abdul Latiff. PAM Lunch meeting on Green Building Index Malaysia. Attended by Datuk Chan Sau Lai. FIABCI Malaysia Property Management Meeting No. 1/2009. Attended by Dato Michael Yam Kong Choy and Pn Aslinda Mohd Noor. Infrastructure, Utilities and Environment Committee Meeting. Mesyuarat Status dan Prospek Sektor Hartanah Negara. Attended by Datuk Ng Seing Liong, JP, Datuk Eddy Chen Lok Loi and Pn Rusnani Abd Rahman.
MHLG Mesyuarat Mengenai Liberalisasi Sektor Perkhidmatan Awam di Malaysia. Attended by Ms Yee Chew Ping. CIDB Mesyuarat CIMP Technical Working Group 2 (ER) 1/2009 Redefine the Structure and Role of CIDB. Attended by En Wan Hashimi Albakri. INTAN Jemputan Sebagai Ahli Panel Diskusi Seminar Pengurusan Berkesan Tanah Tinggi bagi Pembuat Keputusan. Attended by Datuk Eddy Chen Lok Loi.
20
Mesyuarat Jawatankuasa Penyelarasan Draf Garis Panduan Gated Community No. 1/2009. Attended by Mr Ngian Siew Siong, Mr Kelvin Choo, Mr Chan Yew Chong and Pn Marini Abd Wahab. REHDA Building Renovation Client-Consultant Meeting. Attended by Datuk Chan Sau Lai, Ir Ng Lip Khong, Mr Che King Tow, Ms Karen Seow, Mr Liew Kek Min and consultants. EAROPH Malaysia Council Meeting No. 1/2009. Attended by Datuk Ng Seing Liong JP.
12
23
Mesyuarat Kementerian Perumahan & Kerajaan Tempatan Bersama Para Professional dan Industry Players No. 1/2009. Attended by Datuk Ng Seing Liong, JP, Datuk Eddy Chen Lok Loi, Mr Cheah Wing Choong, Mr Teh Boon Ghee, Pn Rusnani Abd Rahman and Pn Aslinda Mohd Noor. Jabatan Keselamatan & Kesihatan Pekerjaan Malaysia Perbincangan Kumpulan Fokus Kajian Impak Peraturan-Peraturan Keselamatan & Kesihatan Pekerjaan. Attended by En Zarul Anwar of Sime Darby Properties Sdn Bhd.
24
Construction Technology and Labour Committee Meeting. Jabatan Alam Sekitar Mesyuarat Pindaan Perintah Kualiti dalam Alam Sekeliling (Aktiviti yang di tetapkan) Penilaian Kesan kepada Alam Sekeliling 1987 Bersama Stakeholders. Attended by Ms Yee Chew Ping. Malaysian Timber Industry Board Tea Talk with the Industry on Industrialized Building System (IBS) Application for Timber in Housing & Construction Industry. Attended by Mr Lee Yit Fah, Mr Chong Koon Leong and Ms Ong Hui Tse.
13
SIRIM Technical Committee Meeting on Bricks and Blocks No. 2/2009. Attended by Mr Tiah Toh Twin. Jabatan Perumahan Negara Mesyuarat Membincangkan Kajian Keberkesanan Pelaksanaan Konsep Bina Kemudian Jual (BKP) Pemajuan Perumahan. Attended by Datuk Ng Seing Liong, JP, Datuk Eddy Chen Lok Loi, Pn Rusnani Abd Rahman and Pn Aslinda Mohd Noor. BMDAM Members New Year Gathering. Attended by Datuk Ng Seing Liong, JP.
25 26 27
PEMUDAH Annual Report 2008 Launching. Attended by Pn Noorliza Abdul Latiff. EXCO Meeting Jabatan Alam Sekitar Mesyuarat Jawatankuasa Pemandu Program Bandar Lestari Anugerah Alam Sekitar 2008/09. Attended by Mr Tiah Oon Ling. CIDB JV Seminar on Quality Assessment System in Construction (QLASSIC). Attended by Pn Aslinda Mohd Noor. Briefing on Green Building Index by Ir Chen Thiam Leong and Ar Chan Seong Aun. Attended by Ir Ng Lip Khong, Ms Karen Seow and Mr Liew Kek Min.
14 17
Board of Engineers Seminar on Safe Hillside Development. Attended by Datuk Eddy Chen Lok Loi, Ms Yee Chew Ping and Pn Marini Abd Wahab. Majlis Pelancaran Dasar Perindustrian Kayu Negara (NATIP). Attended by Pn Marini Abd Wahab. Property Management Council Meeting. Attended by Datuk Eddy Chen Lok Loi.
28