Archive for the ‘Penang local government’ Category

6 websites that property investors need to know in Malaysia

Wednesday, July 1st, 2009

Izrin & Tan Properties Sdn Bhd compiles a list of Malaysia’s official portals providing property information and guidelines that property buyers and foreign property investors need to know in Malaysia.

1. Relaxation of FIC guidelines- The Prime Minister of Malaysia has announced that, effective 30/6/2009, all property transactions, including those between foreigners and non-bumiputeras, will no longer require Foreign Investment Committee (FIC) approval. The NEW FIC guidelines on acquisition of properties can be downloaded from the website of Economic Planning Unit of the Prime Minister’s Department.

However, foreign investors cannot acquire properties below specified threshold limits, with the threshold amount for commercial properties at RM500,000. For the purchase of residential properties, the present threshold of RM250,000 is maintained until the end of 2009, with the threshold increased to RM500,000 effective of Jan 1, 2010. More latest related information on deregulation of FIC guidelines at here and here.

2. Pemudah– A special taskforce set up by the government of Malaysia in 2007 to facilitate easier business dealings and improving public services delivery system. Pemudah has come out with a guidebook on land registration in Malaysia. The guidebook provides a brief information on land ownership registration in Malaysia. It also provides the stages and processes involved in land administration and complete with relevant forms required when transferring ownership for both local and foreign investors as well as list of registration fees for ownership transfer of each states.

The guidebook can be downloaded free from Pemudah’s website-here;

3.JPPHValuation and property services department, ministry of finance Malaysia. The JPPH’s website has shown much improvements over the years. The website not only posted the department’s up-to-date information but incorporates various NAPIC (National Property Information Centre)’s publications as well which was previously available on printed copy at a fee.

It is commendable that JPPH has posted NAPIC’s publication online on regular basis providing free quarterly property information such as Property Stock Report, Property Market Status Report, Property Sales Data etc. In addition, the portal now comes with new added online services such as stamp duties calculator for ownership transfer of real estate and MySMS services for property purchasers on stamp duty valuation cases. Though JPPH has uploaded the property information online, layman and property beginners somehow find that these quarterly reports are not easily comprehensible as there is little explanation or commentary and comparative findings on these tabulated statistics and data. The information is catered more for macro analysis on the suppy and demand of the various sub-sectors of the property market.

4. Department of Director General of Land and mines – this website posted general information (in Malaysian Language only) and a list of Malaysia Laws and application guidelines of various land dealings such as application for state alienated lands, subdivision and amalgamation, land conversion and guidelines on the approval process of land ownership (residential units) by foreign interests. Under Malaysia’s Federal Constitution, Land is under the jurisdiction of the respective state administration and each state has its own set of land enactments. Related link : Penang’s new policy on land conversion.

The website has also posted a paper written by Mohd Shukri Bin Ismail providing some insights into the latest amendments of the National Land Code 1965. The National Land Code is the primary land law of the states of Malaysia.

5.MM2H – Malaysia, My Second Home Programme, an international residency scheme being promoted by the Ministry of Tourism Malaysia to allow foreigners to live in the country on a long-stay visa of up to 10 years. The portal, MM2H, has been enhanced several times and is now accessible in various languages and provided with all the one-stop information including guidelines on purchase of residential homes by foreigners/expatriates.

6. Guidelines for house buyers issued by Ministry of Housing and Local Government Malaysia- The guidelines has been posted on the ministry’s website for many years which are still relevant and provides  helpful tips to FIRST-TIME house buyers who wish to purchase new housing units (off-the-plan or under construction units) from primary market ie from housing developers.

The website also provides information of housing legal clinic and tribunal for homebuyer claims set up by the ministry to provide advice and help solve the problems faced by home buyers against housing developers.

For advisory on property investments in Penang and Kuala Lumpur, email to us at Izrin & Tan Properties Sdn. Bhd or call us at +604 6588333 (Penang Office) or +603 92839782 (Kuala Lumpur Office) and we would be pleased to assist.

Evening Scene of Butterworth-Penang Skyline

KLCC skyline

Penang and Local Agenda 21

Monday, January 21st, 2008

The local council for mainland Penang, MPSP has recently launched its website on Local Agenda 21 (LA 21) as part of the council’s efforts to further promote awareness on various LA21 initiated activities and encourage more participations and inputs from local communities to implement various plans and programmes for sustainability at the local level. The event was officially launched by the council President, Encik Farizan Darus. Various community-based programmes on environmental, cultural, safety etc were being organized and implemented by various working groups of MPSP LA21. Intproperties.com blogged for more insights on the activities and programmes of LA21.

The MPSP Council President, Encik Farizan Darus officiating the launching of MPSP LA21 website…

What is LA21 ?
In a nutshell, Local Agenda 21 (LA 21) is a program that provides a framework for implementing sustainable development at the local level. LA21 aims to build upon existing local government strategies and resources (such as corporate plans, vegetation management plans, and transport strategies) to better integrate environmental, economic and social goals.

LA21 was first described in Agenda 21 - the global blueprint for sustainability that was agreed at the United Nations Conference on Environment and Development in 1992 (the Rio Earth Summit). Chapter 28 of Agenda 21 identifies local authorities as the sphere of governance closest to the people, and calls upon all local authorities to consult with their communities and develop and implement a local plan for sustainability - a ‘Local Agenda 21′.

The national LA21 is under the leadership of Ministry of Housing and Local Government, with the assistance of the UNDP in Malaysia. According to Malaysia’s Ministry of Housing and Local Government website, Local Agenda 21 (LA21) is a programme to forge partnerships between local authorities (such as District Councils, Municipal Councils, City Councils and City Halls) and the communities they serve to work together to plan and care for their surroundings towards sustainable development. LA21 adopts a “bottom up” approach. That is to say the local community themselves are involved from the very initial planning stage.

As an individual or Malaysians, you could benefit from LA21 by:

Your views being taken into account in the planning and implementation of LA21 programs to improve the quality of life in your area ;

Your local authority will be more sensitive and effective to your needs;

A more conducive environment and a higher quality of life ;

Having more pride and ownership over your surroundings ;

More related information about LA 21 as well as its benefits.

Although there has not been any national implementation of LA21 activities to date, there are several local councils in Malaysia which have already undertaken activities relating to LA21, namely Penang local councils of MPSP and MPPP, and Selangor’s MBPJ. Selangor is the first state in Malaysia which have commenced E-agenda 21 since 2006.

If you wish to know more about upcoming MPSP LA21 activities, email to its secretariat or contact +6012 4779330 (Mr Chew).

MPSP LA21 has recently organized a seminar on “E-Waste” in Dewan MPSP on 19.1.2008. Datuk Dr Ong Hean Tee, former Penang State Executive Council Member and Chairman of PEWOG(Penang Environment Working Group) was invited to present his paper on “E-Waste” and its impacts on Penang environment. According to Dr Ong, uncontrol recycles from electronic and electronic (E-Waste) can cause environmental hazard and contamination to river /sea water and affecting food chain system and human health whilst issues threatening the environment include over population, over-development, deforestation, biodiversity loss, air pollution, chemical pollution, ozone layer thinning, global warming and climate change. PEWOG hopes to assist Penang State Government and Malaysia Federal Government to achieve a clean and safe living environment for the people of Penang and Malaysia though forging a partnership with the local and state authorities under LA21.

Datuk Dr Ong Hean Tee presenting his paper on “E-Waste” and its impact on Penang environment at the recent LA21 initiated programme held at Dewan MPSP, Bukit Mertajam..

YB Datuk Dr Teng Hock Nan, Penang State Executive Council Member in charge of Local Government, Traffic Management, Information and Community Relations Committee officiating another LA 21 initiated program at Dewan MPSP in Bukit Mertajam on 20.1.2008.