Category Archives: Properties & Cars

Verticas Residensi @ Bukit Ceylon Kuala Lumpur (Another prestigeous development by Wing Tai Asia)

Where The Modern Class of Kuala Lumpur Resides

Capturing the best of two distinct yet complementary worlds, Verticas stands tall, blending sleek urbanity with the serenity of the tropical rainforest.

Tucked away in tranquil Bukit Ceylon,  near the bustling heart of cosmopolitan Kuala Lumpur, this 43-storey condominium offers a highly exclusive residence that espouses a fashionable and modern lifestyle.

Situated in the prime location of the city’s Golden Triangle, Verticas Residensi marches to the pulsing beat of Malaysia’s capital, surrounded by shopping malls such as Pavilion Kuala Lumpur, Star Hill, Lot 10, restaurants and cafes, bars and clubs, as well as social and cultural hubs galore.

Verticas Residensi promises a life of convenience, but finding solitude can be just as easy at one of the most charming locales in Kuala Lumpur. Towering leafy trees line the road that leads to this luxury residence near the peaceful serenity of the 11ha Bukit Nanas Forest Reserve, transforming windows into frames for the organic works of art in soothing hues of green.

Amidst the glittering lights of the city, Verticas Residensi invites you to escape into this rainforest of lush greenery to find your peace and tranquility.

 

 

We believe this prime real estate will meet your appetite with the following :-

Located in the Bukit Bintang residential enclave with good upside potential

Malaysian government & Ministry of Tourism are working hand-in-hand to transform Bukit Bintang to be on par with Orchard Road

Walking distance to the new underground MRT station (Bukit Bintang Central station ready by 2016 / 2017)

5 minutes stroll to countless amenities (Eateries, Banking facilities, Groceries, Shopping Malls)

The opening of KL International Financial District (KLIFD)

The completion of Warisan Merdeka – a new 100-storey iconic landmark for KL CBD

 

Limited Sales Campaign For Verticas Residensi

8% discounts off all types of units

Guaranteed Rental Return of 6% per annum for two years

Fully Fitted and Furnished

Free Legal Fees and Stamping Charges on SPA and Loan Agreements

Free DIBS (Developer Interest Bearing Scheme)

 

Dual-Key Units

2-in-1 condo; only pays the price of one condo

Can live in one and lease the other out for rental income

Can lease both to different tenants

 

Property Investment in Malaysia

Property industry is regulated and very similar to Singapore; legal documents are standard and written in English

Foreigners are allowed to purchase freehold properties

Property financing up to 70% (Higher margin allowed if purchaser is a Malaysia My 2nd Home – MM2H Participant)

No property gains tax after 5 years

No inheritance tax

Wing Tai is a leading property development and lifestyle group reputed for excellence in quality and design. The Wing Tai Asia network of companies have an expansive presence across key Asian cities in Malaysia, Singapore, Hong Kong and China.

The Wing Tai brand is synonymous with innovation in architecture and designs, with keen attention to detail and quality. Over the years, the group has received numerous recognitions and awards.

A key player in Kuala Lumpur and Penang’s high-end property segment, Wing Tai has developed prime properties namely The Meritz, Sering Ukay, Kondo 8 and Lanson Place Serviced Residences, and its latest Verticas Residensi in Bukit Bintang. In Singapore, projects include The Light at Cairnhill, Draycott 8, Belle Vue, Helios and many more.

* Content and images courtesy of Wing Tai Asia.

As promoters of Malaysia My Second Home Programme, TwinHomes International (MM2H) Sdn. Bhd. is collaborating with the property developer to market its product to all our clients and acquaintances. Should the above property fits your investment appetite and objectives, do not hesitate to Contact Us.

We will be glad to make all necessary arrangements to view the property units. On top of that we will also provide detailed information on property pricing and their availability for all your investment consideration.

TwinHomes International are licensed MM2H Visa Agency under the purview of Ministry of Tourism Malaysia. We have been providing support and information to foreigners intending to make Malaysia the ideal second country to live in. We pride ourselves as the most comprehensive one stop centre for all our clients’ migration needs, simply by creating synergies with the widest business network in and around the country.

Settle down to the most sustainable lifestyle in a second country and benefit from the best of both worlds!mm2h@twin-homes.com

Purchasing a Property – What You Need To Know – Legal Fees

Buying a house could be the largest single investment you will ever make, but one may be entering into it with little or no experience on real estate or mortgage finance.

Unfortunately, it is not as simple as obtain a mortgage, grab the keys and bish bash bosh, you’re in. Purchasing a property is almost guaranteed to cost more than you think.

The main inherent costs are legal fees, mortgage arrangement fees, stamp duty and valuation fees. Make sure you keep some cash aside from your deposit to cover them.

There are instances when ill informed purchasers failed to allocate funds for the completion of property transactions, thus resulting in forfeiture of deposits paid. The importance of proper financial planning is paramount to avoid such losses.

Our legal advisor, Mr Marcus Hwang, Partner in Kwong & Hwang (Advocates & Solicitors) has been kind enough to provide us with the following schedule of legal fees involved in property dealings :-

SALE AND TRANSFER

Consideration or Adjudicated Value Scale of Fees
For the first RM150,000 1.0% (subject to a minimum fee of RM300)
For the next RM850,000 0.7%
For the next RM2,000,000 0.6%
For the next RM2,000,000 0.5%
For the next RM2,500,000 0.4%
Where the consideration or Negotiable on the excess (but shall
adjudicated value is in excess not exceed 0.4% of such excess)
of RM7,500,000

LEASE AND TENANCY

Lease
Monthly Rent Scale of Fees
For the first RM10,000 50% (subject to a minimum fee of RM600)
For the next RM90,000 20%
Where the rent is in excess of Negotiable on the excess (but shall
RM100,000 not exceed 20% of such excess)
Tenancy
Monthly Rent Scale of Fees
For the first RM10,000 25% (subject to a minimum fee of RM300)
For the next RM90,000 10%
Where the rent is in excess of Negotiable on the excess (but shall
RM100,000 not exceed 10% of such excess)

CHARGES, DEBENTURES AND OTHER SECURITY OR FINANCING DOCUMENTS

Amount secured or financed Scale of Fees
For the first RM150,000 1.0% (subject to a minimum fee of RM300)
For the next RM850,000 0.7%
For the next RM2,000,000 0.6%
For the next RM2,000,000 0.5%
For the next RM2,500,000 0.4%
Where the amount secured or Negotiable on the excess (but shall
financed is in excess of RM7,500,000 not exceed 0.4% of such excess)
For the principal instrument Full scale fee
For each subsidiary instrument 10% of scale fee (subject to a
within the meaning of subsection minimum fee of RM200 and a
4(3) of the Stamp Act 1949 [Act 398] maximum fee of RM1,000)

 

DISCHARGE OF CHARGE AND DEED OF REASSIGNMENT

Discharge of Charge
First title RM300
Each additional title in the same instrument RM50
Deed of Reassignment
First title RM300
Each additional title in the same instrument RM50
If the Deed of Reassignment includes a Revocation of Power of Attorney, an additional
fee of RM100 shall be payable to the solicitor.

PREPARING, FILING OR WITNESSING MISCELLANEOUS DOCUMENTS

For witnessing execution of a document RM50 for first and RM10 for each
subsequent copy
For witnessing execution of a document, RM100 for first and RM10 for each
and giving an attestation certificate subsequent copy
Forms under section 108-113, of the RM300 per set
Companies Act 1965 [Act 125]
Real Property Gains Tax form 1 (CKHT 1) RM300 per form
Real Property Gains Tax form 2 (CKHT 2) RM200 per form
Application to State Authority/Statutory Body for consent to transfer/lease/charge :-
for properties where the consideration RM200 per application
or the loan sum, as the case may be,
is RM45,000 or below
for properties where the consideration RM300 per application
or the loan sum, as the case may be,
is in excess of RM45,000
Filing of any other form with an RM100 per form
appropriate Authority
Entry of caveat pursuant to an option RM200 for first title and RM50 for
to purchase, sale and purchase each subsequent title
agreement or loan transaction
Withdrawal of caveat RM150 for first title and RM50 for
each subsequent title

Click here to download the full Solicitor’s Remuneration Order 2005

Buying a house is not only a huge financial decision, but likely one that will affect the day-to-day lives of you and your family for years to come. If you ever feel that emotion is taking over, or that the process is moving too fast for you to understand, then stop everything. Take the time to make a well-reasoned decision, and you’ll find buying a house to be a much more enjoyable and successful process.

Kwong & Hwang (Advocates & Solicitors) are legal practitioners with more than 16 years of experience in conveyancing and law of property in Malaysia. For any enquiries, please contact them via email –  mh@kh.my

TwinHomes International are promoters of the Malaysia My 2nd Home (MM2H) Programme. We are licensed MM2H Visa Agency under the purview of Ministry of Tourism Malaysia. TwinHomes International have been providing support and information to foreigners intending to make Malaysia the ideal second country to live in. We pride ourselves as the most comprehensive one stop centre for all our clients’ migration needs, simply by creating synergies with the widest business network in and around the country.

Settle down to the most sustainable lifestyle in a second country and benefit from the best of both worlds!mm2h@twin-homes.com