Property advice

Reply

Old Aug 16th 2017, 6:13 am
  #1  
Forum Regular
Thread Starter
 
Joined: Jul 2017
Location: Here, there & everywhere
Posts: 68
Macsta is an unknown quantity at this point
Default Property advice

Dear all,

A recent thread mentioned "strata properties" which was a term I was unfamiliar with.

I have also seen mention of "link" properties which I assume are beachfront properties.

As someone with my MM2H visa but not yet residing in Malaysia I would request any kind members, with free time, please enlighten me on the types of properties available in Malaysia and possible pitfalls to watch out for when renting or purchasing.

Thanks in advance.
Macsta is offline  
Reply With Quote
Old Aug 16th 2017, 6:57 am
  #2  
Hostage Negotiator
 
InVinoVeritas's Avatar
 
Joined: Jun 2013
Posts: 5,158
InVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond reputeInVinoVeritas has a reputation beyond repute
Default Re: Property advice

Originally Posted by Macsta View Post
Dear all,

A recent thread mentioned "strata properties" which was a term I was unfamiliar with.

I have also seen mention of "link" properties which I assume are beachfront properties.

As someone with my MM2H visa but not yet residing in Malaysia I would request any kind members, with free time, please enlighten me on the types of properties available in Malaysia and possible pitfalls to watch out for when renting or purchasing.

Thanks in advance.
Yes, the terms are a bit confusing. Strata (or stratified) properties are apartments, of all types, where you are sharing the land on which the block sits. Landed properties are houses of all types, where the land belongs to the house. Linked is where the houses are joined together.

I seem to remember a very good post (by JC3, I think) on pitfalls, try using the search function to see what it comes up with.
InVinoVeritas is offline  
Reply With Quote
Old Aug 16th 2017, 1:12 pm
  #3  
Forum Regular
Thread Starter
 
Joined: Jul 2017
Location: Here, there & everywhere
Posts: 68
Macsta is an unknown quantity at this point
Default Re: Property advice

Many thanks InVinoVeritas,

See I associated "linked" with golf = on the beach!

Shows how little I know.

Thanks for the advice and I will search for any previous information.

One question is anyone can reply.

For the minimum purchase price, is it the the final buying price agreed or can it include stamp duty and any other associated purchase costs of the property?

For example if the purchase price was negotiated to 485,000 but stamp duty and any other taxes took it over 500,000 does it mean its reached the required threshold?
Macsta is offline  
Reply With Quote
Old Aug 16th 2017, 2:36 pm
  #4  
Forum Regular
 
Joined: Dec 2016
Posts: 120
stepen is on a distinguished road
Default Re: Property advice

Originally Posted by Macsta View Post
For example if the purchase price was negotiated to 485,000 but stamp duty and any other taxes took it over 500,000 does it mean its reached the required threshold?
No.
But I heard some people might make the official amount 500K while only paying 485K.
stepen is offline  
Reply With Quote
Old Aug 16th 2017, 2:49 pm
  #5  
Forum Regular
Thread Starter
 
Joined: Jul 2017
Location: Here, there & everywhere
Posts: 68
Macsta is an unknown quantity at this point
Default Re: Property advice

Thanks Stepen,

Yes that thought did cross my mind as a possibility as a seller would not want to lose a potential sale if its mutually beneficial for both parties.
Macsta is offline  
Reply With Quote

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement