MBPJ to absorb GST on rental

The difference: (Left) the old council premises’ rental bill and (right) the new bill. In the new bill, the CBP is known as Value Added tax number will be listed. the bill is called ‘Invois Cukai’ (Invois Cukai)/Bill Pelbagai (Various Billing).

THE Petaling Jaya City Council (MBPJ) will absorb the Government Service Tax (GST) imposed on petty traders operating from rented council premises.

However, bigger commercial business that operates from the council premises will have to pay GST.
MBPJ public relations officer Zainun Zakariah said the council has decided to absorb the GST imposed on the rental of premises for smaller business operators for now.

“We do not want to burden the small traders such as those who run food business at the council food court. As a temporary measure, their GST will be bourne by the council. We are uncertain if this measure will be implemented for a long term,” she said.

The bigger scale business such as those operating at MBPJ commercial premises are not GST exempted.

“Bigger scale business operational from council assets such as the 8th Avenue, Subang Square and Kelana Square will be imposed with the 6% GST when they pay their monthly rental,” Zainun said.
She added the council is ready to notify each of the bigger business operators that are renting space from the council about the GST charge.

“The council’s Valuation Department will soon start calling them and provide them with clarification if required. However the bigger business operators are mostly well aware of the GST and they are prepared,” she said.

The council highlighted that council summons and assessment will not be imposed with GST .
“For example if the council dog licence is RM10 per year, we will not impose 6% on top of it,” she said.

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Red-carpet treatment

Developer of new Semenyih township launches bridge link to toll plaza.

Warm welcome: The red Carpet Bridge is aptly named for its red interlocking concrete pavers. It measures 118m in length.

 THE new township of Eco Majestic, a project of Eco World Development Group Berhad, has just seen the completion of its Red Carpet Bridge that is set to improve accessibility for residents and guests.

Aptly named for its red interlocking concrete pavers, the 118m-bridge is an integral part of a link road that connects the township’s north entrance to the Semenyih Toll at Exit 2102.

“The link road will shorten travelling time for those coming to Eco Majestic, as it will help motorists avoid much of the heavy traffic on Jalan Semenyih,” said EcoWorld president and chief executive officer Datuk Chang Khim Wah, adding that the link road would be ready by June this year.

According to Chang, the bridge was built at a cost of RM24mil and took about eight months to complete.

Joyous occasion: (From left) EcoWorld executive director Datuk Voon Tin Yow, Liew, Abdul Rahman, EcoWorld executive director Liew Tian Xiong and Chang at the launch of the Red Carpet Bridge in Eco Majestic, Semenyih.

He added that it was completed well ahead of time.

Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan and Eco World chairman Tan Sri Liew Kee Sin were present at the launch of the bridge.

Abdul Rahman said he observed Eco Majestic’s significant progress since it launched the project last year.

“I’m impressed with the scale and speed of the construction; the bridge is a clear indicator of that,” he said in his speech. He also commended the developer for living up to its timeless elegance theme.

He noted that the Kajang-Semenyih corridor was growing fast, making the area a sound choice for development plans.

As such, he advised developers to continue creating peaceful and harmonious communities as well as to focus on quality housing and commercial projects.

It’s official: Abdul Rahman (centre) signing the plaque to officiate the opening of the Eco Majestic red Carpet Bridge. With him are (from left) EcoWorld executive director Datuk Voon Tin Yow, Liew, Chang and EcoWorld executive director Liew Tian Xiong.

During his welcoming address, Liew said Eco World was making great strides despite having been established for about only two years.

In addition to Klang Valley, Iskandar region and Penang, the company will be making its foray overseas.

“With projects set to take place in London and Sydney, Eco World will become a world brand,” he remarked.

Following the launch of Red Carpet Bridge, Chang said the company was now working toward opening the dedicated Lekas-Eco Majestic Interchange.

“It will be open by mid-2016 and those in the vicinity of Semenyih will also be able to use it.

“It is about 5km from the Semenyih Toll and will lead vehicles straight into the township’s commercial precinct,” he added.

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11th – 12th April 2015, Kuala Lumpur – Leading Malaysia estate agency, Hartamas Real Estate launches a collection of luxury apartments in Finsbury Park, North London which have a predicted annual yield of 4.5 – 5%.

The first phase of Aqua, a new build development by Fairview New Homes, will comprise 32 one, two and three bedroom apartments ranging from 458 sq. ft. to 948 sq ft with prices starting from £437,750.

In the heart of Finsbury Park, in North London, the development will benefit from excellent transport connections and picturesque surroundings.

Multi-million plans to enhance nearby Finsbury Park’s retail offering and public transportation will add further value to the development.

Robert Fraser, Managing Director of Fraser & Co, comments: “Finsbury Park is certainly on the up as investment from the council and independent developers demonstrates. Offering the best of both worlds with easy access to central London and beautiful green surroundings found at Finsbury Park, the area appeals to young families who work in the city. Regeneration plans for Finsbury’s commercial spaces are also creating more residential opportunities with a number of exciting new build developments already taking shape.”

Apartments which will complete from Q4 2015 onwards feature contemporary, stylish interiors with open plan design.

Oak flooring has been used throughout the living and dining areas while plush carpets give the bedrooms a luxurious feel. Kitchens come with high gloss units, stainless steel Zanussi ovens and fully integrated washer dryers and fridge freezers.

A three minute walk from Manor House tube station, Aqua residents will be able to reach central London in a matter of minutes as Piccadilly line services to Kings Cross and Oxford Street take just eight and 12 minutes respectively.

A little further on, Finsbury Park has both overground and underground trains across London with direct trains to Heathrow airport. With excellent connectivity, London’s top attractions and world-class universities will be on Aqua’s doorstep.

UCL, which placed 5th in the QS World University Rankings this year, and King’s College, one of England’s oldest and most prestigious university institutions, can both be reached in less than half an hour.

Prices for a one bedroom apartment start from £437,750, while two bedrooms are available from £514,999 and three bedrooms from £586,585.

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