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In Malaysia, a condominium or “condo” is defined as a residential building where individual units are owned by separate individuals, while common property such as hallways, lifts, and facilities like swimming pools and gyms, are shared. With the rise of urban living, condos have become increasingly popular, particularly in cities like Kuala Lumpur, where space…
How to Renovate Your Bungalows in Malaysia
Understanding Local Regulations Before embarking on a bungalows renovation in Malaysia, it is essential to understand the local building codes and regulations. In Malaysia, these are often governed by the local councils or municipalities known as Majlis Perbandaran or Majlis Bandaraya. Secure the necessary permits and understanding the Dos and Don’ts are critical to prevent…
Strategizing Property Tax Planning in Malaysia
In Malaysia, property tax is an annual financial charge imposed upon a property owner, and strategic planning in this area can lead to substantial cost savings. It is assessed based on the value of the property, and it is a vital contributor to the local government’s revenue, used to fund public services and infrastructure. This…
Understanding Condo Taxes in Malaysia
Overview of Condo Taxes in Malaysia In Malaysia, taxes related to condominium ownership primarily fall under two categories: Quit Rent (Cukai Tanah) and Assessment Tax (Cukai Taksiran). Both are compulsory levies imposed by the local authorities and are crucial aspects for condo owners to consider. These taxes are generally used to fund local amenities, infrastructure,…
Exciting Property Promotions for New Homes in Malaysia
Property Promotions for New Homes in Malaysia Malaysia’s real estate market has seen a surge in innovative and enticing promotions aimed at new homebuyers. To stimulate the property market, developers are rolling out unique and attractive offers. Buyers today can leverage a variety of promotional strategies that developers have implemented to make property investment more…