VACANT POSSESSION

Well the developer has finally issue letter to purchasers to take Vacant Possession (VP) of the Apartment, i.e. collect keys to the Apartment in layman terms.

For all issues and discussions on VP, please go to: -

SIERRA RESIDENCY FORUM

Recreational Area Update

The featured wall behind the Guardhouse shown in this photo of the scaled model is currently being constructed.


To see more go to: -

SIERRA RESIDENCY FORUM

Site Photos 23 January 2010

For latest site progress photos please go to: -

http://sierraresidency.forumup.com/about48-sierraresidency.html

&

http://sierraresidency.forumup.com/about49-sierraresidency.html

Sierra Residency Forum

Dear All,

I have set up a forum so as to allow better interactions among Sierrians now that the project is nearing completion. Please go to: -

http://sierraresidency.forumup.com/


I have also uploaded some photos taken yesterday. Please click to here to view.

You can even upload your photos there, as well for all to see.

Hope that we can all contribute to make our future home, Sierra Residency, THE place in Bandar Kinrara.

Cheers

Last Set Of Photos For 2009

Another year has passed by again ... our hope of collecting our keys to Sierra Residency were dashed due to works delay by the developer/contractor.

Now we can definitely look ahead to a brand new year and taking vacant possession of our long awaited units, renovate and move in or cash in on our investment :)

Overall View From Southwest

Tower 1

Tower 1 With The Plastered Perimeter Fence

Construction Of The Guardhouse in Progress

Another View Of The Guardhouse

Tower 2 With The Stepped & Staggered Perimeter Fencing In Progress

Another View Of Tower 2, Notice The Signboard Put Up By The Estate Agent

Tower 2 Showing The Parking Levels Of B1 & B2

Overall View From Southeast

Let me take this opportunity to wish all Sierrians, that have been following this blog closely, a very Happy New Year 2010 !!!

Site Photos 23 December 2009

There seems to be more urgency on the sites works as there are more activities on site in the pass few days. The guard house and perimeter fencing are currently being constructed. I suspect they are starting to worry as LAD has commenced for some of the fellow purchasers.

Incidentally, I also received a letter from the Developer today stating that SR is nearing completion and that they had appointed a real estate agent to, and I quote "provide expert advise while assisting fellow owners to sell or lease out their apartments on the soonest basis with the highest return".

Well, let us all hope that this agent will help to stabilize and maximize the sales price and apartment rentals of SR.

General View Of The Site With External Works In Progress

View Of The Guardhouse Being Constructed

View Of The Guardhouse And Perimeter Fencing Being Constructed, Like The Stepped And Staggered Fencing Design :)

Real Estate Property Gain Tax

Latest on Real Estate Property Gain Tax

Thursday December 24, 2009

Property tax only for sales within five years of purchase

PUTRAJAYA: The real property gains tax (RPGT) announced during the 2010 Budget will now only apply to property sold less than five years from its purchase, Datuk Seri Najib Tun Razak said.

The Prime Minister said the 5% tax would now only be imposed on property sold within five years of the date of purchase.

He said the decision would cause the Government to lose about RM200mil in revenue, adding the move was made following appeals from the Federation of Chinese Associations of Malaysia (Hua Zong) and the business sector.

“This was also decided upon as the Government wants to see a stronger growth in the property sector next year. We are willing to forgo a substantial amount of revenue so that the sector can expand and grow.

“The property sector has shown signs of improvement but we feel that it requires further impetus so that it can continue to grow from strength to strength.

“We have met one of Hua Zong’s request and we hope they will respond accordingly by working even closer with the Government in the future,” he said at the swearing-in ceremony of Hua Zong’s office bearers for the 2009-2011 term at a hotel here last night.

Also present were MCA president Datuk Seri Ong Tee Keat, vice-president Datuk Seri Liow Tiong Lai and Hua Zong president Tan Sri Pheng Yin Huah.

Najib also announced that hotels undertaking additional investments to renovate, refurbish and expand their property would enjoy 60% re-investment allowance extended to 15 years, adding that the incentive was for a period of 10 years.

Najib said he also wanted to see a more active private sector, which he noted had been rather “lethargic” and had been more interested in investing abroad compared to domestically.

He also said that the country needed leaders who were moderate and pragmatic in fighting for the interest of the people.

“The Chinese can fight for the rights of the Chinese while the Malays can fight for the Malays. Likewise with other races. But it does not have to be at the expense of others,” he stressed.

Source: The Star