Gain insight into vacant possession this weekend

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BY NUR IHSAN FADHLINA

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BEFORE receiving vacant possession, it is important for the buyer to conduct a building inspection of the property.

This will help ensure that the property is safe to be occupied while saving cost where unnecessary defects or shoddy workmanship is concerned.

At the StarProperty.my Roadshow this weekend, Canaan Building Inspection Sdn Bhd director Joshua Kang will deliver a talk titled “Is Building Defects Inspection Essential for Your New House?”. The talk will focus on issues such as the process of getting vacant possession, the industry’s acceptable quality standards, ways to perform a defect inspection as well as quality assessment systems used by developers.

“Without proper inspections, there may be disputes over defects or workmanship in the later stages. Don’t ever rush into renovations after receiving vacant possession,” said Kang.

 He advised homebuyers not to just accept the work delivered, regardless of quality. In fact, the developer or contractor should honour the buyer’s right to know about the acceptable quality standards.

“By understanding the Conquas and Qlassic rating, we can identify which developers or contractors have better workmanship or offer quality products.

“It is important to know about vacant possession because it can help prevent disputes. We should also know our rights as homebuyers to avoid problems in future,” Kang stressed.

Meanwhile, Syarikat Ong Group of Companies managing partner Agnes Wong will be talking about stamp duty, goods and services tax, income tax, and Real Property Gains Tax in her talk “How to Maxi-mise Returns on Your Property Investment through Tax Optimisa-tion”.

As these taxes affect one’s return on investment (ROI) in property investment, knowing about them and how they work will help investors in calculating their property gains and making sounds investment decisions.

Among the exhibitors at the roadshow are GS Realty Sdn Bhd, Cicet Asia Development Sdn Bhd and CB Land Sdn Bhd.

Other topics by speakers will include “The Upcoming Booming Hospitality Industry – Real Estate + Tourism”, “Why You Need to Stay on the Transit System” and “Market Outlook 2017 – What’s Hot & What’s Not”.

Those interested in gaining tips on real estate can visit the roadshow and catch talks such as “7 Killer Ways that would Increase your Commercial Property Value”, “Feng Shui Tips for Selecting the Right Home” and “5 Tips on How to Sell Your Property Fast By Choosing the Right Real Estate Agent”.

Visitors can also join the Win A Home (WAH) crossword puzzle and then proceed to register at wah.starproperty.my for a chance to win attractive prizes worth up to RM50, besides a chance to win the PJ Midtown serviced suite.

For details, go to fair.starproperty.my

Want to contribute articles to StarProperty.my? Email: editor@starproperty.my
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