RM20 VEP fee for foreign-registered vehicles from Singapore

Malaysia will implement the charge of RM20 (S$7.60) in vehicle entry permits (VEP) for foreign-registered vehicles coming in from Singapore from around the middle of next year.

Deputy Transport Minister Abdul Aziz Kaprawi said the imposition of the fee was approved by Prime Minister Najib Razak in July and was planned to take place in January.However, the VEP’s implementation has been postponed due to te needs for detailed preparations to be done, especially the installation of special devices at the two entry-points in the state.

“The Transport Ministry is working out details of the VEP’s implementation at the two entry-points in Johor, which is the Causeway and the Second Link, before it is enforced,” said Abdul Aziz Kaprawi.

A round trip to Malaysia using the Causeway now costs about $13.10 – more than five times the cost before changes of toll charge by the Singapore and Johor government on Oct 1. The cost of a similar trip using the Second Link in Tuas remains unchanged at $12.40.

Singapore charges $35 VEP a day for four-wheel vehicles, up from $20 before Aug 1.

Drivers of goods vehicles will pay $40 for a monthly permit, four times the $10 previously.

Currently Johor implementation of foreigner VEP is response to Singapore revision of VEP from Malaysia into Singapore which is take effect August 1, 2014.

Mr Abdul Aziz said yesterday that Malaysia is also mulling over charging VEP on foreign-registered vehicles coming in from Thailand and Brunei. He did not say whether vehicles coming in from Indonesia’s Kalimantan in Sabah and Sarawak would be similarly charged.

The VEP rates at entry points from Thailand and Brunei will be announced once Johor’s system is up and running smoothly, he added.

Singapore’s Ministry of Transport is studying Malaysia’s move to impose a Vehicle Entry Permit (VEP) fee of RM20 (S$7.55) for foreign vehicles from the middle of next year and will respond “in due course”, reported Channel NewsAsia.

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UEM set for busy 2015 in Johor

UEM Sunrise Bhd, the principal developer of Iskandar Malaysia, will be busy in Johor next year with the groundbreaking ceremony of Motorsports City in Gerbang Nusajaya and other catalytic developments in Nusajaya.

The massive 1,800ha Gerbang Nusajaya has a gross development value (GDV) of RM40 billion. Its components include lifestyle and retail parks, campus offices, industrial parks and residential precincts, which will be developed in five phases over 25 years.

Motorsports City was launched in December 2012. UEM Sunrise sealed a deal with FASTrack Autosports Pte Ltd, which is controlled by Singapore billionaire Peter Lim, to build it over 118ha in Gerbang Nusajaya.

The RM3.5 billion project will feature a 4.5km race track to host GT (grand touring), go-kart and motorcycle races, and other kinds of racing.

It will also be a model automotive hub, comprising 4S (sales, services, spare parts and systems) centres, car showrooms, bonded warehouses, and retail and al fresco spaces with food and beverage outlets.

UEM Sunrise had also inked a joint-venture agreement in 2012, with Singapore’s Ascendas Group to develop a 207.6ha integrated eco-friendly technology park with an estimated GDV of RM3.7 billion.

The fully landscaped park will focus on a built environment suitable for a wide range of industries such as electronics, pharmaceuticals and medical devices, food processing, precision engineering, fast-moving consumer goods, logistics and warehousing.

UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib said the groundbreaking for the technology park will be held next year.

“It is going to be another exciting year for us in Johor. The other exciting development is the Asian Trade Centre (ATC) – China Mall, which is akin to Dragon Mart in Dubai. ATC will be developed over 48ha and we are in the midst of getting approvals from the relevant authorities.

“We are building the trade centre because we believe Malaysian products are not being marketed properly. We want international and local manufacturers to showcase their products and do trade shows at the ATC. We are tying up with Chinamall Holdings Pte Ltd from China,” Anwar said, here, recently.

The 1.4 million sq ft mall worth over RM600 million will house more than 3,000 merchants, offering products such as textile, gifts, souvenirs, electrical and household appliances, furniture, toys and jewellery.

UEM Sunrise is also undertaking the development of Nusajaya, one of the five flagship zones and key drivers of Iskandar Malaysia.

Key landmarks at Nusajaya are Kota Iskandar, Puteri Harbour, EduCity@Iskandar, Afiat Healthpark, Legoland Malaysia, Southern Industrial Logistics and Clusters and Nusajaya residences.

According to Anwar, Nusajaya has yet to reach critical mass but, he anticipates Gerbang Nusajaya will help to address this concern soon.

The gross development value (GDV) for Nusajaya is RM24 billion. So far, around 10,000 properties worth about RM10 billion have been constructed or are in the process of being developed.

“We are developing activities and lifestyle and not just building homes at Gerbang Nusajaya. These developments, worth billions of ringgit, will create job opportunities and economic activities which will spur demand for new housing in Nusajaya. At a mature stage, Nusajaya is envisaged to be a self-sustained city and a choice location to live, work and play for both locals and the international community,” Anwar said.

Anwar said UEM Sunrise is planning new developments at Puteri Harbour. It wants to expand the number of wet berths from 76 to 148 for yachts up to 40m high, build a yacht club marina, a mega yacht marina/fuel tank/fuel dock, yacht centre and a new marina management office.

The company is also planning for a convention centre and is in the process of getting approvals, Anwar said.

“We are planning to open a route to Singapore Harbour Front from the Puteri Harbour International Ferry Terminal this month, which will take about one hour and 15 minutes journey.

“Currently, the routes are to Tanjung Balai and Batam. We expect all these new developments to boost the vibrancy in Nusajaya as a whole,” Anwar said.

Anwar said more than 70 per cent of UEM Sunrise’s remaining landbank (including joint ventures) is located in Johor, hence its focus on property projects in the state will be long term.

In terms of revenue, Johor accounts for close to 60 per cent of yearly contribution over the last two years.

Anwar, meanwhile, said that UEM Sunrise has revisited some of its development plans to cater to current market demand and trends.

“It is key to price new launches competitively and to offer the ‘right’ products, especially in a softening market, to ensure good take-up rates. Until and unless there is on-the-ground clarity, near-term outlook remains challenging.”

It is a lot more challenging to sell in Iskandar Malaysia presently relative to other states in Malaysia due to rising competition and concerns of potential oversupply, especially in the high-rise segment.

“To mitigate a slowdown, we think it is best for us to selectively acquire land in other key property states (based on transaction volume) and upcoming areas in Malaysia. With a more diversified landbank portfolio, UEM Sunrise will have greater flexibility in terms of product offerings. This will allow us to better manage any policy and industry changes or risks in a particular state or location.

“Moving forward, we have just started development planning for a new mid-market residential project within our Gerbang Nusajaya project, which we hope to launch towards the end of 2015 or in early 2016.

“In addition, we also envision that the residential components in our Fraser Metropolis development, which we are undertaking via our joint venture with Kuala Lumpur Kepong Land, will also have a large percentage of mid-market housing which targets local buyers,” Anwar said.

 

Source: http://www.nst.com.my/node/59279

Property Management and Property Consultancy, One Stop Renovation services, Mortgage, Housing Loan Insurance MLTA

 

Alvin Mah
016 – 888 4292
Property consultant
Website: http://mproperty.asia
Property Consultancy and Property Management services, Renovation and Refurbishment Services, Mortgage and Housing Loan Insurance services

Your service delivery and trustworthy partner.

 

 

Property Management and Consultancy

Welcome to MProperty Consultancy. We are a company providing consultancy and management services related to property management, renovation and refurbishment services, and housing loan and housing insurance services.

Owner are welcome to look for us if you need our services for  managing your property in long term basis, require information related to property and development in Iskandar Malaysia and Johor, use our system to sell/rent your property, or buyer looking for property. We are dedicated to provide the central panel/match-maker to match the needs of each individual no matter you are buyer, seller, owner, tenant or property investors.

We do have specialist team in renovation and refurbishment services. Welcome to reach us for your new home renovation or renovation and refurbishment for your house. It covers one stop renovation from painting, wiring, ceiling plaster, partition to kitchen,  cabinet (kitchen, room), mosaic, iron gate.

For the housing insurance, we do provide the consultancy of MLTA and MRTA which is essential to secure a housing loan. Basically, both Mortgage Reducing Term Assurance (MRTA) which is offered by bank and Mortgage Level Term Assurance (MLTA) which is offered by insurance company are functioning as a protection for borrower by helping them to settle their outstanding mortgage loan in the event of something happens and unable to repay the mortgage loan installments.

Hereby, we are thank you for your entrust and support. We hope through the above mentioned one stop services provided, from buy/sell property to renovation, or/and again to rent/sell or/and long term property management services to servicing your needs in your real estate investments.

We sincerely welcome owners who are unable to manage their own property due to working in Singapore or other countries/places entrust their property for us for management in long term basis.

Please feel free to email us at mproperty.consultancy88@gmail.com or contact me at 016-888 4292. We will contact you or reply your email the soonest.

欢迎你们到来MProperty Consultancy产业咨询与管理公司。

我们公司提供专业的产业咨询与管理服务。如果你是屋主,欢迎你委托我们代你管理你的产业,不管是出租还是出售。如果你是买主或是想租屋子,欢迎你留下你的资料与要求,我们会尽快帮你找到你要的地点与产业。我们与当地的房地产公司有着密切的合作,以便能在最短的时间解决你的要求与委托。如果你是位房产投资家或长期不在这里,欢迎你委托我们代你长期管理你的产业。

我们公司也提供一站式装修服务。我们提供装修服务,包括拉电,油漆,石膏,隔板partition, 厨房灶头,地砖,壁厨(厨房与睡房)与铁花。我们与专业的装修商合作,诚信与责任是长期伙伴关系的基础,与永续经营的唯一方法。

除此之外,我们也提供房屋贷款咨询与房屋贷款保险咨询。房屋贷款保险是银行贷款的必需要求。这是对银行的保障。当屋主发生意外无法供还贷款时,房屋贷款保险将会为屋主清还贷款数额。

在这里,我们感谢你们的信任与委托。我们公司希望能透过上述的服务,能从你们买卖房产到装修屋子,或再到出租与出售和长期产业管理中提供的服务中提供一站式服务。

我们希望长期在外地工作的屋主能委托我们产业管理公司代为管理你的产业。

欢迎你们电邮至mproperty.consultancy88@gmail.com或打电话至 016-888 4292查询更多详情。

Property Management and Property Consultancy, One Stop Renovation services,  Mortgage, Housing Loan Insurance MLTA

Alvin Mah
016 – 888 4292
Property Consultant
Website: mproperty.asia
Email Address: alvin-ma@live.com
Property Consultancy and Management, One Stop Renovation services, Mortgage and Housing Loan Insurance services

Your service delivery and trustworthy partner.