If you have any property would like to sell,buy or rent in Penang Island,Malaysia please contact me at +6 019-4198198. Thanks

2S Terraced Corner, Taman Perwira, Bukit Mertajam for Sale!

Land area :app. app. 2,889sf
Room : 3
Bathroom : 2
Remarks : Renovated
Selling : RM370k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Website : https://penangmalaysia-property.blogspot.com/

2S S-D house, Taman Bukit Minyak Indah, Bukit Mertajam for Sale!

Land-up :app. app. 3,035sf
Room : 4
Bathroom : 3
Remarks : Renovated
Selling : RM650k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Website : https://penangmalaysia-property.blogspot.com/

2S S-D house, Taman Tokun Jaya, Bukit Mertajam for Sale!

Land-up :app. app. 40'X50'
Build-up area :app. 20'X30'
Room : 4
Bathroom : 2
Remarks : Renovated
Selling : RM510k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Website : https://penangmalaysia-property.blogspot.com/

RM9psf, Palm Oil Land, Jalan Mengkuang, Bukit Mertajam for Sale!

Selling price:RM9/psf

For more information pls contact:
Shinju Tang+60 19-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Website : https://penangmalaysia-property.blogspot.com/

Single Storey S-D, Taman Alma, Bukit Mertajam for Sale!

Land-up :app. app. 2,940sf
Room : 3
Bathroom : 1
Remarks : Renovated
Selling : RM460k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Website : https://penangmalaysia-property.blogspot.com/

Single Storey Terraced Corner, Taman Markisah, Bukit Mertajam for Sale!

Land-up :app. app. 2,600sf
Build-up area :app. 1,300sf
Room : 3
Bathroom : 2
Remarks : Large side compound
Selling : RM349k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Website : https://penangmalaysia-property.blogspot.com/

Single Storey S-D Corner, Taman Impian Ria, Alma, Bukit Mertajam for Sale! Land-up :app. 3,165sf

Land-up :app. 3,165sf
Room : 4+1
Bathroom : 2
Remarks : Renovated,Near Tesco, Alma
Selling : RM408k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 Dencity Realty E(3)1461
E-mail/FB:shinjutang@gmail.com
Blog:https://penangmalaysia-property.blogspot.com/

Desa Green Apt, Jelutong, Georgetown, Penang for Sale!

Build-up :700sf
Room : 3
Bathroom : 2
Remarks : High floor & renovated
Selling : RM260k

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 (Dencity Realty)
E-mail/FB:shinjutang@gmail.com
Blog:https://penangmalaysia-property.blogspot.com/

Corner unit, Wellesley Residence Condo, Harbour Place, Butterworth for Rent!

Build-up :650sf
Room : 1
Bathroom : 1
Remarks : High floor, Fully furnished
Rental : RM1, 400/month

Pls contact:
Shinju Tang 019-4198 198
PEA 2130 (Dencity Realty)
E-mail/FB:shinjutang@gmail.com
Blog:https://penangmalaysia-property.blogspot.com/

Dencity Realty, Penang, Malaysia

Dencity Realty, Penang, Malaysia
Our Office located at No.46 Argyll Road, Georgetown,10050 Penang, Malaysia.

About Us

We are a licensed Real Estate Company who registered with the Board of Valuer Appraiser, Estate Agent & Property Manager under the purview of the Ministry of Finance, Malaysia. We are operating property services about 45 years in Penang Island, Malaysia

Our Professional services are as follows :

1) BUY/SELL/RENT all type of property included Residential, Commercial, Industrial & Land(买/卖租各类产业)
2) Property Investment (地产投资)
3) Bank Loan Assistance (银行贷款助理)
4) Real Estate Legal Assistance (律师程序)
5) Property Consultant (房地产顾问)
6) Property Law (房地产法律顾问)

About Me !

Hi! I'm Shinju with 9 years experienced in real estate field & had finised my study in Real Estate Management Course in Imperial Institute of Technology, Selangor, Malaysia. I'm currently registered under Probationary Estate Agent(PEA) with The Board of Valuer, Appraiser, Estate Agent & Property Manager in Malaysia for my professional services with writing 2 years Log Book to become an Estate Agent ( Licensed Holder ).

Please Contact:
Shinju Tang Guat Eng
HP/Whatsapp : +60 19-4198 198
Email/FB:shinjutang@gmail.com
Blog:https://penangmalaysia-property.blogspot.com/

Real Property Gain Tax ( Malaysia )

Real Property Gains Tax (RPGT) is a form of Capital Gains Tax that homeowners and businesses have to pay when disposing of their property in Malaysia. Which means that if one day you decide to sell your house, you have to pay taxes on the profit (gains) if you have any. 

If you sell your house with a loss you don’t have to pay any RPGT because you didn’t make any profit. If you made a profit you need to make sure you pay the RPGT within 60 days of the sale. You can pay the RPGT by paying a fee for the solicitors of the sale. Paying yourself is also possible if you prefer that instead of dealing with a lawyer you can fill in the necessary forms for the Inland Revenue Board. Further in the article, we will talk about handy tools, how it is calculated, exemptions and the budget of 2019.

Now, here is some history about the RPGT. RPGT was suspended temporarily in April 2007 to December 2009, and reintroduced in 2010. In 2014, the RPGT was increased for the fifth straight year since 2009. Now, there's about to be a revision to the RPGT for 2019. But first… 

How is it calculated, and what kind of impact does it have on you?

Based on the Real Property Gains Tax Act 1976, RPGT is a tax on chargeable gains derived from the disposal of property. A chargeable gain is a profit when the disposal price is more than the purchase price of the property. What most people don’t know is that RPGT is also applicable in the procurement and disposal of shares in companies where 75% of their tangible assets are in properties, a.k.a. Real Property Companies (RPC). RPGT applies to both residents and non-residents.

You will be only be taxed on the positive net capital gains which are disposal price less the purchased price less the miscellaneous charges such as stamp duty, legal fees, advertisement charges, etc. Additionally, a waiver on the taxable amount is granted to individuals (but not companies). The holding period is from the date on the Sales and Purchase Agreement (S&P) until the disposal date. For a quick calculation, the formula is:

Chargeable Gain = Disposal Price - Purchased Price - Miscellaneous Costs
Net Chargeable Gain = Chargeable Gain - Exemption Waiver (RM10,000 or 10% of Chargeable Gain, whichever is higher)
Tax payable = RPGT Rate (based on holding period) * Net Chargeable Gain

If you'd like for a simpler way to compute your RPGT, why not check out this handy calculator which will save you the hassle!

If you want to see a real example here you go:

Let’s say you purchased a house 12 year ago for RM500,000 now you want to sell it. The market price of the house is now RM700,000. To calculate the chargeable gain we minus the price RM700,000 by the original purchase price RM500,000 and any miscellaneous cost, let's say we incurred a miscellaneous cost of RM10,000 from lawyer fees. The calculation goes as follows:

Chargeable Gain = Disposal Price - Purchased Price - Miscellaneous Costs
RM190,000 = RM700,000 - RM500,000 - RM10,000

Now we move onto the net chargeable gain. As mentioned above we can deduct the exemption waiver.

Net Chargeable Gain = Chargeable Gain - Exemption Waiver (RM10,000 or 10% of Chargeable Gain, whichever is higher)
RM171,000 = RM190,000 - RM19,000*

*10% of RM190,000 = an exemption waiver of RM19,000. 

Tax payable = RPGT Rate (based on holding period) * Net Chargeable Gain
RM8,550 = 5% * RM171,000

You’ll pay the RPTG over the net chargeable gain. If you owned the property for 12 years,so you’ll need to pay RPGT of 5%. 

RPGT Exemptions

Good news! There are some exemptions allowed for RPGT. Among the exemptions are:

1. Exemption on gains from the disposal of one private residential property once-in-a-lifetime to an individual (please utilise this once in lifetime opportunity wisely).
2. Exemption on gains arising from the disposal of real property between family members (e.g. husband and wife; parents and children; grandparents and grandchildren).
3. 10% of profits OR RM10,000 per transaction (whichever is higher) is not taxable.

   Budget 2019

   Budget 2019 is the latest update we have on the RPGT. In accordance with the Budget 2019 announcement, rates for RPGT will be revised. Low cost, low-medium cost and affordable housing priced below RM200,000 will be exempted from RPGT. The Government’s reason for the revision is mainly to reduce speculative activities on housing prices and the real estate market.
   However, in the long-term, this revision in RPGT rates will not only slow down the sales of the secondary market (sub-sales), it may also cause sellers to transfer the additional costs over to buyers. In addition, we can also expect to see the effect of reducing property investments by local and foreign property investors.
   
   

   The following is the RPGT rates effective from 1 January 2019:
   DISPOSAL	Citizens / PR	Non-Citizens	Companies
   1) LESS OR EQUAL TO 3 YEARS	30%	30%	30%
   2) LESS OR EQUAL TO 4 YEARS	20%	30%	20%
   3) LESS OR EQUAL TO 5 YEARS	15%	30%	15%
   4) MORE THAN 5 YEARS	5%	10%	10%

Property Information

MM2H PROGRAMME IN MALAYSIA

Malaysia My Second Home (MM2H) Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass.Eligibility

üIt is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age.

üApplicants are allowed to bring their spouses and unmarried children below the age of 21 as dependants.

üThe Social Visit Pass is initially for a period of ten (10) years, and is renewable.

FINANCIAL REQUIREMENTS

                      

Applicants are expected to be financially capable of supporting themselves on this programme in Malaysia.

Upon application:

•Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month. For certified copy(s) of Current Account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 500,000.

•Applicants aged 50 and above may comply with the financial proof of RM350,000 in liquid assets and off shore income of RM10,000 per month.  For certified copy(s) of Current Account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 350,000. For government pensioners, they can show proof of receiving pension of at least RM 10,000 per month.

WITHDRAWAL REQUIREMENTS

MM2H participants are allowed to withdraw partial of the required Fixed Deposit from the second year onwards (RM50,000 for aged 50 years and above) / (RM150,000 for aged 50 years and below) for approved expenses related to house purchase, car purchase, education for children in Malaysia and medical purposes. They have to maintain the balanced RM100,000 (for aged 50 years and above) / RM150,000 (for aged 50 years and below) of Fixed Deposit until they terminate from MM2H Programme.

The documents required for Fixed Deposit Withdrawal are:

•Letter of intention to withdraw Fixed Deposit account

•Copy of MM2H visa

•Copy of front page passport

•Copy of Fixed Deposit certificate

•Copy proof of payment for Residential property purchase (to submit of all pages of Sales & Purchase Agreement & receipt), Car purchase (to submit car grant title & receipt), Children’s education in Malaysia (to submit receipt), Medical expenses (to submit receipt)

•Copy of Conditional Approval Letter

Please be advised that the withdrawal is on a reimbursement basis and release of money will be made based on the amount paid.

Withdrawal can be made after the first year, effective from date of MM2H social visit pass endorsement in the passport.

If applicant wishes to withdraw the interest accrued on savings, please indicate in the letter of intention

** The processing and approval process will take three (3) working days from the date of
submission of the application (provided the documentation is complete )

马来西亚-我的第二家园计划 (MM2H)

马来西亚- 我的第二家园计划是由马来西亚政府推动的一项计划，让符合特定条件的外籍人士获得多次入境社交签证，以便长期居留在马来西亚。

多次入境社交签证有效期限为10年并可以更新。

申请资格
这项计划公开给马来西亚所承认的国家的公民申请，并无分种族、宗教、性别或年龄。这项计划允许申请者携带配偶，父母及孩子。马来西亚公民的外籍配偶和外籍人士在其工作签证期满后，可以申请此计划以在马来西亚退休生活。

申请者可携带配偶，年龄21岁以下的未婚孩子及60岁以上的父母。

        财务需求

            申请者必须拥有足够的财务能力来维持在马来西亚期间的生活。

            申请时：

•年龄低于50岁的申请者必须证明拥有至少RM500,000的流动资产，同时证明拥有海外收入每月RM10,000。

•年龄50岁和以上的申请者必须证明拥有至少RM350,000的流动资产，同时证明拥有海外收入每月RM10,000。对于退休人士，则必须出示获得政府认可退休金的证明，数额为每月RM10,000。

•购买价值至少RM1,000,000房地产的全新申请者，在申请时将获准存入数额较低的定期存款。

申请获批时

                    

当收到马来西亚移民局发出的“附带条件批准函”后，成功申请者必须符合下列财务条件。

申请获批：年龄低于50岁

•必须开设RM300, 000的定期存款户口。

•一年期限之后，可以提领高达RM150,000作为购买房屋及汽车，还有子女在马来西亚教育及医药费相关开销。

•从第二年开始至终止参与此项计划为止，必须保存至少RM150,000。

成功申请者，一旦购买价值RM1,000,000或以上的房地产，只需符合存入RM150,000定期存款的基本需求，惟条件是有关的房地产必须已经缴清，同时已经取得地契和土地拥有权文件。除非有意终止参与“马来西亚-我的第二家园”计划，否则申请者不能擅自提领有关定存数额。

申请获批：年龄50岁和以上

•可以选择：

•开设一个RM150,000的定期存款户口；或

•出示获得政府认可退休金的证明，数额为每月RM10,000。

•一年期限之后，可以提领高达RM50,000作为购买房屋及汽车，还有子女在马来西亚教育费及医药费相关开销。

•从第二年开始至终止参与此项计划为止，必须保存至少RM100,000。

成功申请者，一旦购买价值RM1,000,000或以上的房地产，只需符合存入RM100,000定期存款的基本需求，惟条件是有关的房地产必须已经缴清，同时已经取得地契和土地拥有权文件。除非有意终止参与“马来西亚-我的第二家园”计划，否则申请者不能擅自提领有关定存数额。

体检报告

                             

所有的申请者和他的家属（配偶和孩子），必须呈交由马来西亚任何一所私人医院，或注册诊疗的体检报告。

医疗保险

  成功申请者及家属（配偶和孩子），必须拥有受马来西亚认可的任何保险公司所提供医药保险。不过，因年龄或健康状况而无法签购保单的申请者，则可豁免遵守是项条例。

保证金 (直接申请)

                    

个人直接申请者需要支付保证金。请参阅马来西亚移民局按照国籍规定的保证金列表，数额从RM200至RM2,000。

个人保证金 (通过代理申请)

 合法代理需要为他们的顾客（成功申请者及家属）支付个人保证金。

Penang Property, Malaysia: Sunway Cassia, Batu Maung, Penang, Malaysia for Sa...

Penang Property, Malaysia: Sunway Cassia, Batu Maung, Penang, Malaysia for Sa...: Sunway Cassia, Batu Maung, Penang, Malaysia for Sale! Type: 3 Storey Terraced house Tenure:Freehold Room:5 Bathroom :5 Land area:app.2...

Penang Property, Malaysia: Agriculture Land, Sg Ara, Bayan Lepas, Penang, Mal...

Penang Property, Malaysia: Agriculture Land, Sg Ara, Bayan Lepas, Penang, Mal...: Land Size:app.44,000sq feet Tenure:Freehold Near SP Setia housing project Selling price:RM1,672,000.00 (RM38/sq feet) Pls Contact: Shi...

Penang Property, Malaysia: Seavilla Langkawi Lagoon Resort, Kedah, Malaysia f...

Penang Property, Malaysia: Seavilla Langkawi Lagoon Resort, Kedah, Malaysia f...: Type: Studio Ground floor unit Tenure:Leasehold Expiry on 27 June 2098 ( Bal 79 years ) Room:1 Bathroom :1 Living Hall : 1 Balcony : 1 ...

Penang Property, Malaysia: Single Storey Semi- D house, Tingkat Lembah Ria, A...

Penang Property, Malaysia: Single Storey Semi- D house, Tingkat Lembah Ria, A...: Tenure:Freehold Room:3 Bathroom :2 Land area:app.4,150sf Build up area:app.2,580sf Remarks: Fully Renovated & near to Kek Lok Si Te...

Penang Property, Malaysia: Single Storey Semi- D Corner house, Jalan Gajah, T...

Penang Property, Malaysia: Single Storey Semi- D Corner house, Jalan Gajah, T...: Tenure:Freehold Room:4 Bathroom :4 Land area:app.6,500sf Front land size:app.27feet Side land size:app.12feet Back land size:app.50fee...

Single Storey Semi- D Corner house, Jalan Gajah, Tanjung Bungah,,Penang, Malaysia for Sale!

Tenure:Freehold
Room:4
Bathroom :4
Land area:app.6,500sf
Front land size:app.27feet
Side land size:app.12feet
Back land size:app.50feet
Selling Price:RM2,500,000.00

Pls Contact:
Shinju Tang
PEA 2130 ( Dencity Realty )
HP / Whatsapp : +6 019-4198 198
E-mail : shinjutang@gmail.com

Dear Property Owner,
If u have any property would like to sell can contact me.Thks

Single Storey Semi- D house, Tingkat Lembah Ria, Ayer Itam,Penang, Malaysia for Sale!

Tenure:Freehold
Room:3
Bathroom :2
Land area:app.4,150sf
Build up area:app.2,580sf
Remarks: Fully Renovated & near to Kek Lok Si Temple, Penang Hill and Ayer Itam Dam
Selling Price:RM1,800,000.00

Pls Contact:
Shinju Tang
PEA 2130 ( Dencity Realty )
HP / Whatsapp : +6 019-4198 198
E-mail : shinjutang@gmail.com

Dear Property Owner,
If u have any property would like to sell can contact me.Thks

Seavilla Langkawi Lagoon Resort, Kedah, Malaysia for Sale!

Type: Studio Ground floor unit
Tenure:Leasehold Expiry on 27 June 2098 ( Bal 79 years )
Room:1
Bathroom :1
Living Hall : 1
Balcony : 1
Build up area:app.505sf
Maintenance fee: RM0.80/sf
Remarks: 1 Open Car Park, Fully Renovated, Furnished & Lake View
Others information :
Option 1:
(i) For own home stay purpose
(ii) Room rate for public : normal rate RM350-RM400/night
Option 2:
(i) Rent out to Operator Agency for monhtly basic for about RM2,000/month. They will handle everything included find customer, keep track customer booking, cleaning services, pay electricity & water bill.
(ii) Return of investment(ROI) :app 9.6%
Selling Price:RM253,000.00

Pls Contact:
Shinju Tang
PEA 2130 ( Dencity Realty )
HP / Whatsapp : +6 019-4198 198
E-mail : shinjutang@gmail.com

Dear Property Owner,
If u have any property would like to sell can contact me.Thks

Agriculture Land, Sg Ara, Bayan Lepas, Penang, Malaysia for Sale!( Durian Farm )

Land Size:app.44,000sq feet
Tenure:Freehold
Near SP Setia housing project
Selling price:RM1,672,000.00 (RM38/sq feet)

Pls Contact:
Shinju Tang
PEA 2130 ( Dencity Realty )
HP / Whatsapp : +6 019-4198 198
E-mail : shinjutang@gmail.com

Dear Property Owner,
If u have any property would like to sell can contact me.Thks

Sunway Cassia, Batu Maung, Penang, Malaysia for Sale!

Sunway Cassia, Batu Maung, Penang, Malaysia for Sale!

Type: 3 Storey Terraced house
Tenure:Freehold
Room:5
Bathroom :5
Land area:app.20'X65'
Build up area:app.3,028sf
Remarks: Original
Selling Price:RM1,100,000.00

Pls Contact:
Shinju Tang
PEA 2130 ( Dencity Realty )
HP / Whatsapp : +6 019-4198 198
E-mail : shinjutang@gmail.com

Dear Property Owner,
If u have any property would like to sell can contact me.Thks