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JOHOR BAHARU: Iskandar Malaysia is set to get its third theme park after Puteri Harbour Family Theme Park and Legoland Malaysia, says Iskandar Investment Bhd (IIB).
2013-01-08

IIB President and Chief Executive Officer Datuk Syed Mohamed Syed Ibrahim said the park's investors will make an announcement in three to six months.

 
"The third theme park is oriented towards young adults and children," he told reporters at the Raffles American School groundbreaking at Educity, Nusajaya here today, without disclosing the park's location, construction cost or investors.  
 
On Dec 27 last year, Bernama reported from Jakarta that Indonesian theme park developer PT Pembangunan Jaya Ancol was planning to expand to Iskandar Malaysia.
 
According to its director Winarto, the company had been invited by the Malaysian government to open a theme park in Iskandar Malaysia and was scouting a suitable location.
 
The project would be in collaboration with the local authority with Khazanah Nasional as the intermediary, Winarto said, adding the park would be on a 50 ha. piece of land with construction expected to begin in 2013.
 
The RM750 million Legoland Malaysia, which opened on Sept 15, 2012, has attracted 250,000 visitors, and targets one million visitors in its first year of operations.
 
The RM110 million Puteri Harbour opened to the public in December last year and has attracted 55,000 visitors. -- BERNAMA


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New theme parks, outlet to boost Johor tourism
2012-12-13

The opening of two theme parks and an international shopping outlet has given the state's tourism industry a huge boost with foreign tourist arrivals recording 29% increase this year.

For the first eight month of this year, tourist arrivals touched 14.4 million compared to 11.1 million for the same period last year, said state tourism, domestic trade and consumer affairs committee chairman Datuk Hoo Seong Chang.

On the total number of tourists arrivals in the state annually, Hoo added that in 2011, the state received 16.73 million visitors compared with 16.58 million in 2010.

Hoo attributed the drastic increase in tourist arrivals to the opening of the Johor Premium Outlets (JPO) in Kulai; Legoland Malaysia and the Puteri Habour family theme park, both in Nusajaya.

“These attractions will also help ensure tourists spend more time in the state from 1.8 days in 2010 to three days by 2021,” he said in his speech at the state assembly in Nusajaya.

He added that tourism was also expected to generate more income as the spending power of a tourist here was also expected to increase from RM450 in 2009 to RM1,030 in 2020.

Hoo added that the state government was aware of the potential from the tourism sector and was committed to developing the support facilities and also ensure the proper management and maintenance of these international class destinations.

“We are also encouraging and motivating our industry players especially through the Johor Tourism Awards which has been held at least two times,” he added.

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PNB continues buying shares in SP Setia
2011-10-22

PETALING JAYA: Permodalan Nasional Bhd (PNB) has acquired a total of 104.38 million shares, or a 5.76% stake, in SP Setia Bhd as at Oct 20 as well as 67.04 million warrants since announcing its takeover bid of the property developer on Sept 28.


In filings with Bursa Malaysia, Maybank Investment Bank Bhd, acting on behalf of PNB, said the shares were bought in open and off-market transactions for RM3.8346 to RM3.8928 per share, while the warrants were bought for 87 to 90 sen each.

PNB is offering to acquire SP Setia shares at RM3.90 per share and 91 sen per warrant.

The mandatory general offer (MGO) was triggered last month when PNB and parties acting in concert (PACs) with it raised their collective stakes to 33.17%, slightly above the 33% threshold for triggering MGOs.

According to the notice of takeover offer from Maybank Investment Bank, PNB intends to maintain the listing status of SP Setia.

It said that if the offer was accepted by the holders of not less than nine-tenths in the value of the offer shares (excluding those shares held by the offeror and PACs), then PNB did not intend to invoke provisions to compulsorily acquire any remaining offer shares.

By The Star

 

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25萬購屋‧律師費印花稅多少?
2011-10-07

25萬購屋‧律師費印花稅多少?

顏先生以25萬令吉購買一間位於巴生的雙層排屋,請問:需要支付多少的律師費與印花稅?

 

答:林若輝律師說,關於買賣合約的律師費:首15萬令吉1%、接下來85萬令吉0.7%、再接下來的20萬令吉是0.6%。

 

以這位讀者的情況,首15萬令吉1%:1千500令吉、接下來的10萬令吉收0.7%:700令吉,律師費總共2千200令吉。

 

假設顏先生貸款80%即20萬令吉,貸款合約的律師費是1千500令吉、接下來的5萬令吉收350令吉,總共是1千850令吉。

 

至於政府的印花稅:買賣合約首10萬令吉1%:1千令吉、接下來的15萬令吉2%:3千令吉、貸款合約印花稅是貸款額x0.5%,假設以貸款80%即20萬令吉計算是1千令吉,印花稅的支付總共是4千令吉。

(星洲日報/投資致富‧產業問診室)

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Partial Payment - Big Savings for House Owner
2011-08-17

Big Savings for House Owner

Everyone who has signup the mortgage loan for their house or property would definitely want to settle or finish off their repayment as soon as possible. They can shorten the repayment period and save a lot of mortgage interest of the total payments by making Partial Prepayment on the principal. However, if the Partial Prepayment are done correctly, then you can save the mortgage interest and shorten your repayment period depends on how much of Partial Prepayment you have done. If you have done the Partial Prepayment wrongly, you can only save some of your mortgage interest and only cut short some repayment period. For worse case, you will never save a single cent of your mortgage interest and never cut short any of your repayment periods.

Please refer to the samples illustrated below for better understanding of wrongly done Partial Prepayment. (Mortgage Expert are charging for this information and instructions while you can get it here free)

Scenario 1
Assumed that Mr. John Chong has signed up a mortgage loan for an amount of RM100,000.00 for 25 years repayment with 7% interest rate monthly compounding, the monthly payment is RM706.78. Mr. John Chong has deposited RM20,000.00 as Partial Prepayment together with his first repayment. Most of us assumed that the extra RM20,000.00 deposited will be as Partial Prepayment for principal reduction. In fact, it never happen such way, the extra RM20,000.00 will be treated as Advance Payment for the monthly repayment by the bank or mortgage lender if Mr. John Chong never provide any Partial Prepayment notice to the bank or mortgage lender upon the deposited of the RM20,000.00. Any amount that "park in" as Advance Payment will have no effect to the principal and never save a single cent nor shorten any repayment period. The Advance Payment of RM20,000.00 will "park" there until repayment No 271 where his Advance Payment has enough to covered the rest of repayment. If efficient, bank will noticed Mr. John Chong that he can stop serving the repayment as his Advance Payment has enough to serve the rest of repayment. Table A below illustrated on why Mr. John Chong never benefit from the Partial Prepayment that he has done.

No

Payment

Interest

Principal

Advance Payment

Balance

1

706.78

583.33

123.45

N/A

99,876.55

 

20,000.00

 

 

20,000.00

99,876.55

2

706.78

582.61

124.17

N/A

99,752.38

271

706.78

113.16

593.62

N/A

18,805.62

Summary, Mr. John Chong are never save single cent of interest on this case as his deposited RM20,000.00 will be used as monthly repayment start from repayment No 271 until the end of loan tenure.

Scenario 2

If Mr. John Chong has provided a Partial Prepayment notice to the bank or mortgage lender upon deposited of his RM20,000.00, there will be a Partial Prepayment on the principal and save some mortgage interest and shorten some of his repayment period. Table B below illustrated on how much of interest and loan tenure that Mr. John Chong has save if compared to case happened in Scenario 1.

No

Payment

Interest

Principal

Advance Payment

Balance

1

706.78

583.33

123.45

20,000.00*

79,876.55

2

706.78

465.95

99.30

141.53**

79,635.72

3

706.78

465.37

99.88

283.06**

79,677.37

* Mr John Chong has notified the bank for the RM20,000.00 Partial Prepayment and it has reduced the principal.

 


** By default, the extra amount will accumulated as Advance Payment and will never deduct from principal if Mr. John Chong never notified the bank for Partial Prepayment. The Advance Payment will keep on accumulated until enough to covered the rest of repayment where similar to Scenario 1.

Summary, Mr. John Chong will save around 20% of mortgage interest and loan tenure along serving his loan by notified the bank of his deposited of RM20,000.00 as Partial Prepayment.



Scenario 3
To effectively and correctly perform the Partial Prepayment with maximum save around 55% on the mortgage interest and shorten the repayment period. Mr. John Chong need to request to the bank or mortgage lender to revised his monthly repayment amount after he has deposited the RM20,000.00. As refer to Table 2, Mr. John Chong monthly repayment is RM706.78. After deposited the RM20,000.00 as Partial Prepayment, Mr. John Chong monthly repayment should be reduced to RM565.25, a surplus of RM141.53 from the current repayment. Some of us might assume that the surplus amount is for Partial Prepayment to the principal amount. The answer is NO, the surplus will (again) treat as Advance Payment by the bank or mortgage lender and will be "park in" without any effect to the principal amount. For this case, Mr. John Chong can either keep the surplus amount into his saving account or noticed the bank or mortgage lender that the surplus amount is for Partial Prepayment. Check with the bank or mortgage lender for the condition apply as some bank may have some term and condition for Partial Prepayment, such as minimum of a thousand and its multiply of thousand on the subsequence.

Table C below illustrated on the different of monthly repayment that Mr. John Chong has save if compared to case happened in Scenario 2.

No

Payment

Interest

Principal

Advance Payment

Balance

1

706.78

583.33

123.45

20,000.00*

79,876.55

2

565.25**

465.95

99.30

N/A

79,777.25

3

565.25

465.37

99.88

N/A

79,677.37

4

565.25

 

 

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BLR rate in Malaysia
2011-08-17

The Overnight Policy Rate (OPR) from Bank Negara Malaysia is reference for banks in BLR adjustments, but there might differ from bank to others bank. At the global money market down turn, BLR will get lower and if the money market on uptrend, it will correlation upward. It is wisely and timely to consider take up mortgage loan and start to own your property at the lower BLR as current.

From the record, it shows that the highest BLR Malaysia ever has is 12.27% in year 1998 and the lowest BLR is 5.55% in year 2009. The average is 8.1%. Probably you can use this to justify whether it is better to take the fixed rate loan or floating mortgage loan (BLR +/- x% ). Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2011.

Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2011.
 

    Year BLR (%) Remark
 
 
    2011 6.60 Adjusted May 2011
    2010 6.30 Adjusted July 2010
    2010 6.05 Adjusted May 2010
    2010 5.80 Adjusted March 2010
    2009 5.55  
    2008 6.75 Adjusted March 2009
    2007 6.75  
    2006 6.00  
    2005 6.00  
    2004 6.00  
    2003 6.50  
    2002 6.50  
    2001 6.75  
    2000 6.75  
    1999 8.00  
    1998 10.50  
    1997 9.25  
    1996 8.50  
    1995 6.60  
    1994 8.25  
    1993 9.50  
    1992 9.00  
    1991 7.50  
    1990 7.00  
    1989 7.00

source: http://www.blr.my/

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