Congratulations France! Champions of World Cup 2018!

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It has been a roller-coaster ride for the participating 32 international teams over a 1 month period of exhilarating and unpredictable football. For those who followed, this proved to be one of the more erratic football competition than what we previously experienced. Greater teams faltered and lesser outfits prevailed. No doubt it was a tad disappointing to see most of those ‘giant’ teams went out one after another during the early stages but witnessing a new dawn for the Davids is equally exciting!

The likes of Messi, Ronaldo, Suarez, Salah and Neymar is sorely missed for the finals but seeing the new list of superstar footballers strut their stuff such as Mbappe, Greizmann, Lovren Mandžukić and co certainly a breathe of fresh air this year. Croatia reaching the finals is no small feat and nearly created the nation’s football record had they won it. And with a 6 goals finals, who could’ve asked for more?

And with England’s belief of the World Cup ‘coming home’ but instead going home, this is one highly anticipated Word Cup for the English eh… Egypt with their very own ‘Messi’ in Salah, the scrappy Argentinians, the Toni Kroos freekick, Iran’s comical failed throw, Japan with Belgium’s epic duel, and of course, Neymar’s theatrics along the way, this will be remembered as one of the most eventful World Cup ever.

Personally, I’ve only followed a handful of games but realized that more and more people around me are beginning to catch the this football fever every 4 years. It has been a good run and another few weeks till the BPL is back. Can’t wait for the new season to start!

 

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Ask Me Anything: Who is responsible for IWK bills, wiring and piping issues in a rented property?

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This week, Low & Partners managing partner Datuk Andy Low Hann Yong deals with readers’ questions regarding critical issues revolving around IWK bills, wiring and piping issues in a rented property.

Q1: If a tenant complains regarding issues such as wiring and piping which are clearly stated in the tenancy agreement to be the responsibility of the owner but the owner ignores, what is the recourse for the tenant?

A1: The tenant can terminate this tenancy or carry out the repair and reimburse from the landlord if it is provided in the tenancy agreement.

Q2: Who would be liable for the IWK bill if the unit is rented out since Day 1 and the owner does not pay for it throughout the duration of the tenancy?

A2: Subject to the tenancy agreement between the landlord and the tenant, if the agreement is drafted such that the tenant has to be liable for the IWK bill, then the tenant shall be liable for it throughout the duration of the tenancy. The usual norm is for this responsibility to fall into the hands of the tenants as they are the occupiers of the property. Nevertheless at the end of the day, the freedom to contract stands.


Compiled by Tharmini Kenas of TheStarPropoerty.my | tharmini@thestar.com.my

The magic is still present – Why KLCC will continue to thrive in an increasingly competitive landscape

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Designed to be a “city within a city”, Kuala Lumpur City Center (KLCC) is a 100-acre site that hosts the tallest twin towers in the world, a shopping mall, office buildings and several hotels. It is also home to a public park and mosque which is open to the public.

The site, which is much larger in size in contrast to the Tun Razak Exchange (TRX) is a brilliant example of developing a master plan for a modern central business district.

It has acted as the catalyst for the surrounding land with excellent office architecture, five-star hotels and apartment buildings mushrooming since.

Anchoring KLCC is the Petronas Twin Towers. According to the Council on Tall Buildings and Urban Habitat official definition and ranking, the Petronas Twin Towers were the tallest buildings in the world from 1998 to 2004 and remains the tallest twin towers in the world.

They define Kuala Lumpur’s skyline along with the nearby Kuala Lumpur Tower which has attracted tourists from around the globe.

Argentine architect Cesar Pelli designed the towers using a distinctive postmodern style which reflects a 21st-century icon for Kuala Lumpur. The construction of the superstructure commenced on April 1, 1994. On New Year’s of 1996 interiors with furniture were fitted into the building, while the spires of Tower 1 and Tower 2 were completed on Mar 1, 1996.

The first batch of Petronas personnel moved into the building on Jan 1, 1997. It was inaugurated by the Prime Minister of Malaysia, Tun Dr Mahathir bin Mohamad on Aug 31, 1999.

Adjacent to the Petronas Twin Towers is Suria KLCC which opened their doors in May 1998. It is a shopping centre that comprises of a six-storey building at the foot of the Petronas Twin Towers.

Created in 1999, it was soon the talk of the town because it introduced a new level of style to the city with its vast array of haute couture stores.

Likened to Manhattan’s Barney’s and Saks Fifth Avenue, the mall is famous not only for its strategic location and upscale stores but also because of its tourist attractions such as Aquaria KLCC, Petrosains; a science discovery centre and Aquaria, an oceanarium targeted at kids located beneath the Kuala Lumpur Convention Centre.

Besides that, the mall is also home to the Dewan Filharmonik Orkestra (Malaysia’s first concert hall) and the Petronas Art Gallery.

With its light rail transit (LRT) station set adjacent to the KLCC Park and the KL Convention Centre, the mall is easily accessible to the public.

Despite its modern design, Suria KLCC features little touches reminiscent of classic European malls, including plenty of greenery, white geometric-patterned marble floors with exposed glass panels that let in natural light.

What makes KLCC becoming an attraction is the fact that it has the Kuala Lumpur Convention Centre as part of its planning. It is Asia’s only AIPC (International Association of Congress Centres) Gold Standard venue.

Since opening in June 2005 through to Mar 31, 2017, the Centre has hosted over 12,276 events, bringing into Kuala Lumpur over 20.9 million delegates and visitors.

The Twin towers have become a magnet for some brilliant new architectural wonders that have sprung up around the KLCC site.

The new Prestigious Four Seasons Private Residences built next to the Twin Towers is a landmark in its own right and underlines how developers and occupiers view the importance of this iconic KLCC landmark.

Also, another development around the KLCC site; the Platinum Park has provided KLCC with some impressive architectural marvels, not to mention Norman Fosters Troika residences- his firm’s first foray into Malaysia.

KLCC brings together a fantastic concentration of the best hotels, restaurants, a prime convention centre, entertainment venues and shopping experiences with two of Malaysia top shopping destinations – Suria KLCC and the Pavilion in its footprint.

What makes this even more remarkable is that all the buildings are appropriately maintained and updated. It debunks the myth that Malaysia is good at building expensive projects and not managing them. The Twin Towers look as good now as they did 25 years ago.

However, KLCC’s iconic status was under threat recently with the sprouting of other projects such as KL118, TRX Signature Tower, Bukit Bintang City Centre (BBCC) Signature Tower and Bandar Malaysia in Klang Valley.

It is going to change when the proposed development at Lot L, M, N (Lot 164, 165 and 166) is finalised as KLCC Property Sdn Bhd is planning to build the tallest tower in Malaysia at 145-storeys (taller than KL118) with a six-storey retail podium and access to an MRT station.

Despite all the hype surrounding these new developments, KLCC has a competitive advantage over the rest because much of it existed before the land prices started to skyrocket in KL.

Its high occupancy levels in today’s challenging leasing market are a testimony to this.

Our Prime Minister then (who is also today the country’s newly elected Leader) had the vision to spearhead the building of this iconic development and its resounding and enduring success.

He has given the Malaysian people a skyline in their capital city to challenge any of the

great cities in the world.

About the Contributor

dato_stewart_labrooy-273x300Dato’ Stewart is an engineer by training and a member of the Institute of Engineers, Malaysia. He earned a Bachelor of Engineering (Hons) degree in 1973 and a Post Graduate Diploma in Business Studies in 1974 from the University of Sheffield.

Dato’ Stewart is the Chief Executive Office of AXIS REIT, the first Shariah compliant industry REIT in the world and one of the first REITs to be listed on Bursa Malaysia. He is also the Chairman of the Malaysian REIT Managers Association and a Board Member of the Asia Pacific Real Estate Association.

He has over 40 years of experience in manufacturing, operations management, property development and REIT management. He is a prominent speaker on the subject of real estate investment and has presented numerous papers at conferences globally.


Contributed by AREA Management Sdn Bhd chairman Datuk Stewart Labrooy

Introducing MAISONLEAF Collection

Introducing MAISONLEAF to all new homeowners! This is a very interesting little online boutique for home decor of the highest quality. Every items are carefully selected and not only it is limited in availability, some are almost a rarity. Please drop by it’s online site at Maisonleaf or it’s Facebook page at https://www.facebook.com/maisonleaf/ for more information about what they offers.

Thank you to my friend and owner of Maisonleaf – Ms.Sandy Felix for connecting me with this. If you want something different and exquisite that comes with affordability, do visit Maisonleaf and pick your favorite!

WhatsApp Image 2018-04-11 at 16.59.36


 

Understanding Feng Shui when buying a house

Since Malaysians like anything Feng Shui, this article may feed your appetite a little. These are just tips, not a sure-fire to solve your problems though…

Feng Shui, an ancient Chinese art is not only a trend in Asia but also in the western world. Although feng shui might not be on your list, do note that as a homeowner, you can get a better bargaining value when selling or renting your property. Since the appreciation of your property is sometimes tied to feng shui, these basic tips should get you started on the way.

Landscape:

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The structure and design of the house aren’t the only concern when it comes to dealing with feng shui. Contours, hills, rivers and roads all determine the flow of positive or negative energy.

For starters, avoid buying homes that are situated at junctions or those at the dead end of the road. Sharp angles or “poison arrows” form in these areas, affecting the property either directly or indirectly.

When it comes to the shape of the land, the property should be located in an area that is either rectangular or square and is neither too long nor too wide. You can easily observe this via Google maps or by looking through every window of the home. There should be no sloping land behind the property or a house situated on the low side of a hill, or at the top of it.

A house located in the lower region of the hill lacks support. Take note that the road should also bend towards the house, not away from it.

Atmosphere:

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The prospective buyer should not feel a sense of dread when entering the house that he or she is interested in buying. This environment is extended towards the surrounding neighbourhood as well.

An area that is too quiet, with many vacant unsold homes is a sign of inactive energy. People subconsciously avoid places that give an uneasy vibe, and that makes it difficult to sell or rent out your future home.

A good neighbourhood is filled with activities. There should be children playing, pets around and people tending to their yards. Observe the condition of the streets. Tidy neighbours and clean streets are a bonus advantage. Ideally, the backyard of the house should be slightly larger than the front yard.

Main door:

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The main entrance represents the mouth of the house which receives most of the energy. Hence, it is essential to consider the design that complements the property’s feng shui flow. The open area in front of the main entrance accommodates the collection of energy. Therefore, the bigger the area, the easier it is for power to stay. Note that the steps leading to the front door shouldn’t be too near.

When opening the main door, it is important that we should not see the toilet or the door to the backyard immediately. Avoid the main entrance that overlooks the ocean. Door alignments are also to be avoided as it creates a fast flowing current of energy. The energy flow should be softened, where it slowly nourishes all the areas of the house. The ratio of the main door to the size of the house should be proportionate as well.

Another factor is the presence of a staircase facing the main door. A construction such as this will lead the energy flow directly to the top of the house, leaving the ground area without good energy.

Living room:

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A strategically placed living room is ideally located in the centre of the house. To retain positive energy, the shape of the area should be rectangular or square, not an irregular polygon. Note the ambience of the surrounding, the availability of windows and openings that allow the entry of light. The living room should also be visible the very moment you enter through the main door.

Consider if the ceiling is filled with spanning beams which are believed to create bad luck for the occupant. However, it can be softened by adding decorations.

Kitchen:

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It is auspicious to have the kitchen situated at the back door of the house. Avoid having a kitchen near the front door or at the centre of the home. It should not be directly underneath a bedroom or toilet. Windows should ideally be located at either the eastern or western region of the kitchen while the sink at the north.

Inspect the tap water or faucets and make sure that they are not leaking. The constant flow of water signifies the draining of one’s wealth from the house. If possible, have them repaired.

Toilet:

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Consider painting the walls of the bathroom with the right colours. Most bathrooms are painted white by default which is acceptable. Consider the colour blue as it signifies purity and the cleansing effects of water. While green, on the other hand, represents growth and life. The bathroom and bedroom should be visually separated due to their differences in energy. You can use a screen or either a curtain for that measure.

Bedroom:

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Overhead beams should be avoided due to the pointy edges of the beam because it creates unease due to the effect of the beam pointing downwards.

Rooms that are located at the top of the house are less than ideal if the ceiling is slanted or sloped. Besides the lack of space, it would also be an uncomfortable area to sleep in, especially when you are sleeping on the side of the slant.


Article written by Viktor Chong for http://www.starproperty.my

Yes, property prices may be lower without GST. Buying decisions to change?

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Anyone here delayed signing their Sales & Purchase agreement after they heard about the GST becoming zero in less than 2 weeks’ time? Actually, GST does not affect only the property market. There are chatters that car prices may inch upwards when the Sales & Service Tax (SST) returns. Here’s an article in paultan.org  The reason is because the SST is likely to be in a higher percentage than the GST which is 6 percent and will become zero from1st June 2018. Anyway, many car brands have stepped up their promotions to entice buyers to make their decisions sooner rather than later. What are your thoughts for the property market then? My earlier thoughts here: Will the market get better? Does it even matter? The below would be the thoughts from the Real Estate and Housing Developers’ Association (REHDA) president Datuk Seri FD Iskandar in Edgeprop.my 

FD Iskandar commented, “Construction material prices and costs should go down. But we expect big-ticket shopping to be delayed until June, [when the new rate takes effect].” He also shared that some developers had already lowered their prices in response to the new GST rate and hopes more will follow suit. He added, “GST is about 2% to 4% of our cost… it is good that some have reduced prices. In the long run, the savings should be passed on to consumers. Hopefully, there will then be a higher number of people looking at properties.” He shared something which has to be improved; effective implementation and enforcement so that unscrupulous vendors could not profit from the move. As for permanently removing the GST, FD Iskandar said, “GST is an act of Parliament, so they will need to go through Parliament, if they wish to repeal it? Give a waiver? We shall see.” This is the article in TheEdgeMarkets.com

If it’s just about the GST, actually the rebates that some developers are giving today is already higher than the 2-4 percent mentioned by FD Iskandar. We should already be savvy to this fact. In fact, some developers are giving renovation packages which are sometimes already higher than the 2-4 percent as mentioned earlier. However, if the developer is giving an additional 2-4 percent discount on top of what they are already offering, then perhaps that’s really an additional sweetener. Anyway, GST has never been directly involved in the residential property pricing. It’s only a direct tax on the commercial properties. That’s why FD Iskandar said that GST is 2-4 percent of the cost (which came from the material costs). GST is not the main reason to buy yeah. Evaluate as usual and buy if it meets our expectations. On a long term basis, that 2-4 percent or even 6 percent will not be significant. Happy investing.


Article written on 20 May 2018 by kopiandproperty.com

The one of a kind bungalow in Bukit Pantai

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The most innovative and flexible bungalow in Bukit Pantai is back in the list! We had this a year ago when it was still in the refurbishing state. Now, with it fully furnished and touched up, the unit is finally ready to meet its tenant. with a whopping RM 28k rental price, many would ask how it weighs-in. Let’s take  closer look.

 

Located in Bukit Pantai which is also very close to Bangsar, this unique bungalow is a 3 storey building with multiple rooms not only to accommodate family living but also can be converted to air-bnb kind of living concept to offer a different feel altogether. What struck me was it’s layout and allocation of spaces around the house. Once inside, you can’t help but feel you’re ‘transported’ to a personified commercial building with eclectic furnishing of contemporary living fittings. Everything seems modular but yet having the synergistic feel of a homely residence.

Once you’re upstairs, the rooms of a complete residential house greets you with its simplicity yet flexible as to how one would want the rooms to turn out. The industrial feel to its wiring, gate grills and fans does imply a more artful and imaginative space to it’s owner/tenant. One small issue for those not familiar with the house would be the ‘maze-like’ feature. You need to see it.

As you make your way to the kitchen, for those aspiring chefs or anyone within the industry will definitely feel at home with its aluminium and metal filled cabinets, hoods and hobs that comes with it. This is not your typical home kitchen concept but more on the heavy cooking side.

The surprise is at the basement of the unit. With a pillar-filled but spacious room on one corner, this is a dream-like layout for anyone who would like to have a special space/spot in the house to put together a class/meeting/gaming/exercise session away from the living quarters. Wait, there is even an alternative entrance to this part of the house at the basement which like we mentioned earlier, you can avoid going through the main area of the house to get to this place. It’s like a totally separated unit by itself. There are 3 rooms that one can rent out to potential tenants yet having their privacy intact.

Although the pool is not your average house pool one would hope for, it does do its job perfectly. Just chillin’ in the pool with your favorite book or music. Relaxing with a sheer view of the blue sky. I think it’ll work just fine.

Overall, this is a very uniquely constructed house. But the different perspectives it provides to its tenant is a very special one too. You either love it for it’s innovative and flexibility-ness or find it too abhorrent for it’s lackadaisical nature. To me, this is simply something fresh and purposeful, not to everyone but to those who simply love something on the flipside of what the market offers. It’s definitely a gem!

 Find this gem @ https://www.iproperty.com.my/property/bangsar/rent-6375877/


Thank you Louise for these amazing pics and listing.

May I present to you, Malaysia’s 7th Prime Minister – Tun Dr. Mahathir Mohamad

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How do you pull a country deep in turmoil, smash the corrupted government and bring  it back to the summit? Bring back the ‘Tunminator’ of course! LOL!

Yes, that’s what us Malaysian did on the 9th May 2018 General Election. We literally pulled ourselves together, stronger than before, even better than in 2013 to make our voices and votes count. With emotions and intention running high to replace the then current government, the ‘rakyat’ – the Malaysians made an unanimous decision to vote them out!

After 5 years of feeling aggrieved and cheated during the 2013 election (the well known blackout strategy), the people just could not wait to cast their vote this time round knowing exactly only the strongest support from everyone everywhere is able to bring down this tyranny of a despicable government to their demise. And that’s exactly what happened.

Yesterday, Tun Dr. Mahathir Mohamad was officially sworn in as Malaysia 7th Prime Minister after several delays, which is still quite a mystery to all why it is so. Nevertheless, the nation waited and when it’s finally over, the whole of Malaysia released one of it’s greatest sigh of relief after years of injustice and sorrow under the Barisan Nasional regime.

Although it still remain unclear whether the new ruling government is able to carry out whatever they’ve preached leading to it’s victory, but what we know, or felt now, things already feeling fresher and the black veil lifted from the peoples head. It will take time for things to change and taking into consideration the damages done previously, it is not as easy as it seems. But we trust that our new and pretty ‘aged’ Prime Minister (yeah, he is 93 in two months time) and it’s heroes will do all they can to at least stabilize the country and revert it to be the Tiger of SEA once again!

For one, I am especially proud of this achievements like many of us and eagerly anticipating the changes that will be brought forward to the nation. Its a fresh dawn and new beninging to everyone.

Hidup Malaysia! Merdeka! Merdeka! Merdeka! is once again relevant as the people of Malaysia is given a new lease of freedom and chance to move forward. We have shown the world what patience, perseverance, fighting spirit and relentless effort can do to salvage back our beloved country without violence and chaos.

Voting time!!

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It’s the 14th Malaysia General Election (GE14 or PRU14) tomorrow 9th May 2018. This is the moment where all us Malaysian stand up and do our part for a better future for generations to come!

Malaysia has had a fair share of criticism and jokes coming from all corners of the world for the past few years due to some major flailing in terms of administration and scandals involving high-ranked officials.

As a true Malaysian, I would love to see my beloved country returned to its former glory and be envied thru its success and achievements, not else-ways. I am sure most of us know what had happened and what is happening to the country. If you want to make a change for the better, there no time like this time!

Vote with intelligence, not by convenience!

Cast your vote. Make the change. Live with hope!

Saya anak Malaysia! A MALAYSIAN!

Should we inform the house owners to de-clutter and tidy up the place before a viewing?

The answer is definitely YES! Not to the extent of staging but tidying up the place and make sure the house or apartment unit is easy on the eyes for buyers and tenants alike. No one likes to view a messy, stinky and cluttered space where they would call ‘home’ eventually.

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It is fair to say that some of these owners are first time ‘offenders’ as they are not familiar with the selling and tenancy do & don’ts. Since it is their first time, these are probably the things that they may overlook. Not that it is a must to do so, but imagine yourself, as a tenant or buyer, viewing the house for the first time. A good impression is always the lasting image for these prospects. More often than not, you were greeted with a disorganized place where dirty clothes are scattered across the hall and bathrooms, books and glasses are everywhere, coffee stains and out of place sofa etc. to name a few. Would you even want to view on? Can you even begin to visualize that this is going to be your next home? I doubt it.

When I first started the real estate business, I wasn’t too concerned about such trivial request. Well, not that I practiced, informing my clients to begin with. To me, it is understood that they would try to get their units as presentable as possible to impress the potential tenants or buyers. I would. But it happened one time that me and my tenant ended up in messy, unkempt and musty house that the tenant, after less than 2 minutes of viewing, had to apologized to the owner and leave. She couldn’t take the stench and the state of the unit any longer. Embarrass I was.

After awhile, I tend to missed getting some landlords or house-owners to prepare the place for viewing. And a week ago, it happened. I was out the whole day bringing one of my prospect buyer looking for a house around Bangsar. I’ve arranged a few units and unfortunately, there was one that made the whole episode unpleasant.

I’ve never did a preview of the house before that and from the pictures that were sent to me by the owner, looked pretty decent. But when we got there.. oh, what horror! The moment we entered the house, the stench of cigarette smell is all over the place. It smelt like a pub than a house. Since the place is not exactly airy, made it worse. There were newspapers everywhere and also dirty mugs with coffee stains lying around the house. Dirty clothes are on the floor of the master bathroom. Can’t recall if there were underwear too. Sigh. Though there were not much he can do to some of those broken wooden doors, but at least clean it up a little to make it look more decent. Although the owner is a chatty and friendly chap, the impression of the house wasn’t that pleasing anymore. True enough, my tenant hurriedly viewed the house and we left without mentioning about it for the whole time.

But how do we do it? Would it offend the owners/landlords?

Well, if we are tactful and professional enough in our request, they are more than welcome to our suggestion about getting the place spruce up. Just inform them when is the viewing, a little background of the tenant/buyer, what are they expecting from the place and some guidelines form us agents about getting the place ready. Usually, if the place is frequently well managed, there isn’t much to do. However, most would need to clear the air of bad odors, de-clutter books, papers, boxes, electronic items and utensils, tidy up dirty linens, make the bed, and re-arrange the  furniture so that it looked neat. All these are to help the tenant/buyer to be able to visualize the place better and make them feel at home.

Explain to these landlords/owners that you would do the same to all your clients just to make sure you are able to position the property better and able to help them dispose the unit in the shortest time possible. Who wouldn’t agree to that eh?

So, the next time you arrange for viewings, do remember to give the landlord/owner a call 2 days earlier to prepare the place. The result of such simple gesture, sometimes, do make a lot of difference! Cheers!