发展商新关仔角加盖超级公寓单位 套现发展密度料多赚千万

槟城21日讯）承建引起争议的“槟州地下国际会展中心计划”（sPICE）发展公司初尝“甜头”，获槟岛市政局提供的额外发展密度已套现在新关仔角一项5亿令吉计的超级公寓发展项目上，发展商在计划下“加盖”上百个公寓单位，从计划中料额外赚取上千万令吉。

天 下没有白吃的午餐，知名产业发展商实达集团有限公司（SP Setia）为槟岛市政局打造槟州地下国际会展中心，而市政局作为回馈，为对方提供额外的1500个额外发展密度，而实达集团也已将其变现在新关仔角的V Residence公寓计划，成为该集团因承建地下国际会展中心下，首个受惠的高档房屋项目。

实达北马区（产业组）总经理邱德忠接受本报记者访问时指出，在新关仔角的V Residence计划原本发展密度为56个单位，唯公司已将其承建地下国际会展中心所享有的1500额外发展密度下的优惠套现在该计划下。

“我 们已将密度从56个增至166个，即增加了110单位，估计公司将从单位获利至少30万令吉”。他说，公司在承建地下国际会展中心耗资3亿令吉，若以市政 局提供的1500单位计，那公司须从每个单位获取至少20万令吉，而在V Residence以每单位获利30万令吉计，获利并非很高。- 光华

PKR leaders speak out against excessive development in Balik Pulau

BALIK PULAU: Two state PKR leaders have lent their voices to a growing chorus of people here objecting against excessive development in Balik Pulau.

Penang PKR vice-chairman Datuk Abdul Halim Hussein said development of luxurious houses in the green lung area of Balik Pulau should be stopped.

“The conversion of agriculture land to housing in Balik Pulau should also be stopped. I feel the development here is excessive.

“Whatever plans that have been approved, it should just stop now. We should look at how to cater to the low-income group by constructing low-cost and low medium-cost housing here,” said Abdul Halim, who is also the State Speaker, during his Hari Raya open house at the Balik Pulau Sports Complex yesterday.

Another state PKR leader, Balik Pulau MP Yusmadi Yusof, lauded the call, saying that Balik Pulau development must take the environment into consideration.

“Development must be environmentally-friendly in which we must preserve our living heritage and the rustic lifestyle of the people here — for example, the Malay villages, the Chinese fishing settlements as well as the mangroves and hills.

“The real challenge is to introduce a relevant urban planning model for Balik Pulau,” he said.

Tanjung Bungah assemblyman Teh Yee Cheu, who is from DAP, had previously spoken out against hillslope development, especially the proposed 49-storey “super-condo” in Batu Ferringhi.

Many Barisan Nasional leaders had also demanded that the state review its development policies, particularly those related to hillslope in view of the dangers to the environment. - The Star

SPNB boss: Foreign buyers pushing up house prices

IPOH: More foreigners are investing in property in the country and this is pushing up the price of houses, making it unaffordable to the average Malaysian.

Syarikat Perumahan Negara Bhd (SPNB) managing director Datuk Dr Kamarul Rashdan Salleh said foreigners had purchasing power and were able to fork out RM500,000 to buy a property, causing developers to mark up prices.

“This creates a kind of false alarm and impression that there is demand for these houses. The middle-income group, especially young adults who need houses to start a family, is facing problems because of this,” he told reporters at his Hari Raya open house here yesterday.

Dr Kamarul noted that many foreigners had invested in property in the Klang Valley, Johor and Penang, resulting in escalating prices.

“The current trend also shows that foreigners are starting to buy property in Malacca and Negri Sembilan.

“However, there should be a balance between offering such high-end property and houses that are affordable to the people,” he stressed.

On the idea of setting a higher minimum price for foreigners, Dr Kamarul said this would be unfair.

“It could also upset the market, and make them lose confidence in the country,” he said.

Dr Kamarul said the Federal, state and local governments should work together to build quality and inexpensive homes, while controlling property prices.

“They can also consider re-developing idle land or increasing the number of areas for building affordable homes.

“They can do it as a joint venture or with SPNB or under Projek Perumahan Rakyat 1Malaysia which are more social-oriented,” he said. - The Star

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槟城产业出售或出租

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Property groups want real property gain tax to remain status quo

PETALING JAYA: The real property gain tax (RPGT) revision which had been one of the highlights of Budget 2012, should be either reverted or adjusted based on proper understanding of the market situation, according to property sector associations.

Real Estate and Housing Developers Association Malaysia (Rehda) revealed in its Budget 2013 wish list that the Government should not review taxation or policies which were beneficial for the industry and recommended the previous RPGT regime be reinstated.

“Under the current market conditions such as the softening market and early signs of better growth of the economy ahead and the uncertainties of the United States and eurozone economy, we urge the Government not to interfere with the existing policies which are business friendly,” Rehda told StarBiz.

With the local Gross Domestic Product announced recently at 5.4%, Rehda believed that Government should grab the opportunity to facilitate market growth by introducing punitive and restrictive measures and suggested the new budget included reverting to the previous RPGT regime of 5% tax if a property is disposed before five years and no RPGT if disposed after five years.

The revised RPGT in Budget 2012 meant that gains from property held for less than two years were subjected to a 10% tax while a 2% was imposed for properties held between two and five years, and those who kept it for more than five years are exempted from tax.

National House Buyers Association secretary-general Chang Kim Loongsided Rehda's recommendation, noting that the current RPGT was not effective in reducing market speculation.

“Developers typically need two years to complete landed properties and three years to complete stratified properties. This would mean that speculators could buy properties from developers, flip on completion and in effect pay the same 5% RPGT rate that was before Budget 2012,” he explained.

The Master Builders Association Malaysia (MBAM) opined that more focus should be put on affordable housing which will benefit more stakeholders and purchasers.

In addition, MBAM wished for the Government to release more land for affordable housing especially in the Klang Valley to meet the demand from first time time housebuyers as well as to sustain the housing and construction sectors.

On MBAM's Budget wish list was also lower coporate tax rate to be on par with Singapore and Hong Kong.

On construction, MBAM pointed out a shortage of skilled workers for heavy engineering like the My Rapid Transit (MRT) project.

“We wish to appeal for skilled workers from China to be allowed to work on these projects as many Chinese workers are now available after completing MRT and high speed rail projects in China,” it said, noting that MBAM would like to source foreign workers from Asean and India too.

With the announcement of the Budget 2013 inching closer, the property sector associations have again reiterated the need for more measures to be taken to supply the market with affordable property.

For the coming Budget, Rehda recommended a closer look into the capital contribution charges on developers that is eventually passed on to housebuyers.

It said that currently developers are required to pay various capital contributions such as sewerage, electricity, water, telecommunications, Construction Industry Development Board levy and surrender of land, construction of facilities and infrastructure as well as compliance of other planning requirements.

Through Rehda's own research, it found that all these compliance costs payable to various authorities could be as high as 30% of the selling price of the housing units.

What Rehda recommended is for private utility companies to not impose capital contribution charges on developers as developers are already required to lay infrastructures in their development projects and bring in new customers to the utility companies.

“These utility companies should revise their own capital and collect revenue via tariff based on consumption,” the association said. -  The Star

Demand for houses and real estate in Klang Valley continues despite high prices

PETALING JAYA: Despite high land prices, interest in real estate in and around the Klang Valley is expected to continue from foreign and local buyers, according to property consultants.

Henry Butcher Marketing Sdn Bhd chief operating officer Tang Chee Meng said he had been receiving enquiries from developers from China seeking out land for development. Local interest was also very strong.

“The demand for land for development continues to be buoyant,” he said, adding that the recent sale by tender of a 28,000 sq ft piece of property in Jalan Ampang was a good indication.

On the recent tender of Wisma Char Yong and adjacent plots, he said there had been enquiries from developers, companies and individuals. Wisma Char Yong, which was formerly occupied by Citibank, is for sale together with three pieces of vacant land and three pieces of land currently occupied by pre-war shophouses near the Jalan Ampang-Jalan Munshi Abdullah junction.

Drawing interest: There are enquiries from dev elopers, companies and in divi duals for Wisma Char Yong and adjacent plots in Jalan Ampang. The indicative price is between RM40mil and RM50mil.

Wisma Char Yong has a 60-year lease which will expire in October 2071 while the three pieces of vacant plots and pre-war shophouses are on freehold land.

The 16-storey building sits on a 16,000 sq ft site and has a net lettable area of 150,000 sq ft and a three-level car park and a basement, while the other six plots sit on 12,000 sq ft. The indicative price is between RM40mil and RM50mil for the entire entity. Tang said land prices in that vicinity are between RM800 and RM1,000 per sq ft.

Although the property was not located in an upmarket part of town, Tang said the development of Cap Square had given the place a lift.

“That part of Jalan Ampang used to be Kuala Lumpur's banking district. As the city grew, attention moved to the other end of Jalan Ampang.”

The other recent sale by tender was the British High Commission land, also in Jalan Ampang.

At three acres, with a reserved price of about RM200mil, the land is considered by property professionals to be located in a more vibrant part of Jalan Ampang.

SavillsRahim & Co in a statement said: “There has been significant interest from developers as this is a high-profile, landmark property. It is also more than three acres a good size for a comprehensive urban development. It is rare for a piece of land this size in the city.”

“Its encouraging to note that mid-size developers that are less well known but who nonetheless have ambitions for a flagship project in the city have also shown keen interest in the property. ,” the statement said.

The statement said some form of mixed development for the land would be most likely, with commercial, retail/F&B, residential and maybe even some hotel/service apartment elements.

“The site borders the exclusive U-Thant residential enclaveenjoying excellent frontage and accessibility along bustling Jalan Ampang. The Ampang park LRT station is nearby. One of the best things about this property is its size, which allows it to accommodate nicely a well-planned project.”

On its pricing at RM1,525 per sq ft, the statement said the guide price for the property was “in excess of RM200mil”, and this was arrived at after several valuation exercises.

“It is only a guide price', and one of the main reasons the property is being sold by way of open tender is that this is the fairest way of determining and achieving the property's true and optimum value.”

On land around the Klang Valley, the statement said “development land in prime urban and suburban locations will always be in demand as developers have to adopt a strategic, long-term view in expanding their land banks. - The Star