Change of Guards - The Real Estate and Housing Developers ...
Change of Guards - The Real Estate and Housing Developers ...
Change of Guards - The Real Estate and Housing Developers ...
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President<br />
Dato’ Michael Yam Kong Choy<br />
Serai Saujana Development Sdn Bhd<br />
Immediate Past President<br />
Datuk Ng Seing Liong<br />
Kota Kelang Development Sdn Bhd<br />
Most Recent Past President<br />
Dato’ Jeffrey Ng Tiong Lip<br />
Urban Hallmark Properties Sdn Bhd<br />
Deputy President<br />
Dato’ Fateh Isk<strong>and</strong>ar bin<br />
Tan Sri Dato’ Mohamed Mansor<br />
Glomac Enterprise Sdn Bhd<br />
Vice-President/<br />
Perak Branch Chairman<br />
Dato’ Francis Lee Yew Hean<br />
Antap Enterprises Sdn Bhd<br />
Vice-President<br />
Tn Hj Muztaza Mohamad<br />
Fairview Development Sdn Bhd<br />
Vice-President<br />
Dato’ Soam Heng Choon<br />
RB L<strong>and</strong> Sdn Bhd<br />
Secretary-General/<br />
Kedah/Perlis Branch Chairman<br />
Dato’ Ricque Liew Yin Chew<br />
Paramount Property (Utara) Sdn Bhd<br />
Deputy Secretary-General<br />
Dato’ Jamaludin Osman<br />
Isl<strong>and</strong> & Peninsular Bhd<br />
towards sustainable development<br />
<strong>Change</strong> <strong>of</strong> <strong>Guards</strong><br />
the top property developers around the country convened at<br />
REHDA’s Annual Delegates' Conference 2010 on 19 June 2010 to<br />
review the term period <strong>of</strong> 2009/2010, <strong>and</strong> this time with the<br />
additional agenda <strong>of</strong> electing a new National Council lineup.<br />
Delegates were hosted to a specially arranged dinner on<br />
18 June 2010, where outgoing President Datuk Ng Seing Liong<br />
addressed the delegates, thanking them for their support <strong>and</strong><br />
cooperation throughout his years <strong>of</strong> presidency. Having served<br />
the maximum tenure <strong>of</strong> two terms, it was time to pass the baton.<br />
National Council members for the term 2010/2012 were<br />
elected <strong>and</strong> announced at the ADC, <strong>and</strong> a new lineup <strong>of</strong> <strong>of</strong>fice<br />
bearers were formed, headed by the new REHDA President Dato’<br />
Michael KC Yam. <strong>The</strong> new National Council lineup is as follows:<br />
National Treasurer<br />
Mr Teh Boon Ghee<br />
IGB Corporation Bhd<br />
EXCO Members<br />
Datuk Eddy Chen Lok Loi<br />
Cekap Corporation Bhd<br />
Penang Branch Chairman<br />
Dato’ Jerry Chan Fook Sing<br />
Asas Mutiara Sdn Bhd<br />
Mr Anthony Cho Tian Han<br />
Kamra Jaya Sdn Bhd<br />
Johor Branch Chairman<br />
Mr Simon Heng Kwang Hock<br />
Property Village Berhad<br />
Kelantan Branch Chairman<br />
Dato’ Sekarnor Che Omar<br />
Strata Merge (M) Sdn Bhd<br />
Melaka Branch Chairman<br />
Datuk Gwee Yew Kiat<br />
Naga Jaguh Development Sdn Bhd<br />
Negeri Sembilan Branch Chairman<br />
Mr S. Sivanyanam<br />
Mega 3 <strong>Housing</strong> Sdn Bhd<br />
Pahang Branch Chairman<br />
Mr Cheoh Chee Guan<br />
Brilliant Foresight Sdn Bhd<br />
Selangor Branch Chairman<br />
Mr Ngian Siew Siong<br />
Sunway City Berhad<br />
Terengganu Branch Chairman<br />
Mr Woo Mun Kit<br />
Citiraya Development Sdn Bhd<br />
Wilayah Persekutuan (KL)<br />
Chairman<br />
Mr Tong Nguen Khoong<br />
Bukit Kiara Properties Sdn Bhd<br />
Council Members<br />
Tan Sri Datuk Chan Sau Lai<br />
Beneton Properties Sdn Bhd<br />
Dato’ Johan Ariffin<br />
Mitral<strong>and</strong> Properties Sdn Bhd<br />
Mr Che King Tow<br />
Rimau Properties Sdn Bhd<br />
Mr Albert Lai Tuck Yew<br />
Comfort Enterprises Sdn Bhd<br />
Mr Ng Lip Chong<br />
Nee Yan & Co Sdn Bhd<br />
june 2010<br />
pp9309/12/2010 (026294)<br />
Mr Poh Pai Kong<br />
Tradewinds Corporation Bhd<br />
Mr Soh Hong<br />
Chin Pek Soo & Sons Sdn Bhd<br />
Mr Tiah Oon Ling<br />
Integrated Development Sdn Bhd<br />
En Wan Hashimi Albakri<br />
Sime Darby Property Bhd
2 | editorial<br />
Greetings,<br />
REHDA congratulates <strong>and</strong> warmly welcomes the<br />
new National Council lineup for the term 2010/2012,<br />
where some new faces are expected to add<br />
vibrancy <strong>and</strong> progressiveness to the Association.<br />
Whilst they may be new members to the Council,<br />
they have already actively participated in the<br />
Association’s activities prior to their election into<br />
the National Council.<br />
Throughout the month <strong>of</strong> May, the respective<br />
REHDA Branch members sat at their Annual General<br />
Meetings (AGM) to elect their new committee<br />
members. REHDA also welcomes the four newly<br />
elected Branch Chairmen <strong>and</strong> forward to them our<br />
best wishes – Mr Tong Nguen Khoong <strong>of</strong> Bukit Kiara<br />
Properties (Wilayah Persekutuan (KL) Branch), Mr<br />
Ngian Siew Siong <strong>of</strong> Sunway City Berhad (Selangor<br />
Branch), Mr Simon Heng Kwang Hock <strong>of</strong> Property<br />
Village Berhad (Johor Branch), Mr S. Sivanyanam <strong>of</strong><br />
Mega 3 <strong>Housing</strong> Sdn Bhd (Negeri Sembilan<br />
Branch).<br />
REHDA also congratulates the Branch Chairmen<br />
who have retained their seats, thanking them for<br />
years <strong>of</strong> faithful service – Dato’ Francis Lee Yew<br />
Hean <strong>of</strong> Antap Enterprises Sdn Bhd (Perak Branch),<br />
Datuk Gwee Yew Kiat <strong>of</strong> Naga Jaguh Development<br />
Sdn Bhd (Melaka Branch), Dato’ Jerry Chan Fook<br />
Sing <strong>of</strong> Asas Mutiara Sdn Bhd (Penang Branch), Mr<br />
Cheoh Chee Guan <strong>of</strong> Brilliant Foresight Sdn Bhd<br />
(Pahang Branch), Mr Woo Mun Kit <strong>of</strong> Citiraya<br />
Development Sdn Bhd (Terengganu Branch), Dato’<br />
Ricque Liew Yin Chew <strong>of</strong> Paramount Property<br />
(Utara) Bhd (Kedah/Perlis Branch), Dato’ Sekarnor<br />
Che Omar <strong>of</strong> Strata Merge.<br />
<strong>The</strong> Association looks forward to new<br />
beginnings, new aspirations <strong>and</strong> new achievements<br />
in the days to come.<br />
This issue <strong>of</strong> REHDA Bulletin will also delineate<br />
the details <strong>of</strong> Selangor’s definition <strong>of</strong> Bumiputera<br />
released recently (Page 3 <strong>and</strong> 10), as well as<br />
include main points on the Draft Guidelines for GST<br />
on Property (Page 4, 5 <strong>and</strong> 8).<br />
We wish you happy reading.<br />
contents<br />
cover story<br />
> <strong>Change</strong> <strong>of</strong> <strong>Guards</strong> 1<br />
announcement<br />
> SELANGOR: Bumiputera Defined 3 & 10<br />
industry matters<br />
> Goods <strong>and</strong> Services Tax (GST) for<br />
Property Development 4, 5 & 8<br />
branch news<br />
> REHDA Branches Elect <strong>The</strong>ir Leaders 6 & 7<br />
> Discussion with Datuk B<strong>and</strong>ar Kuala Lumpur 9<br />
rehda institute<br />
> REHDA Property Leader Forum 2010 10<br />
> Green Solutions for Property Development<br />
Conference 2010 (GSPD 2010) 10<br />
> REHDA Institute <strong>and</strong> Danajamin Talk 10<br />
diary<br />
> May 2010 9<br />
editorial<br />
committee<br />
chairman<br />
Dato’ Michael KC Yam<br />
members<br />
Datuk Eddy Chen<br />
Pn Rusnani Abd Rahman<br />
Ms Debbie Loh<br />
rehda bulletin is published by<br />
<strong>Real</strong> <strong>Estate</strong> & <strong>Housing</strong> <strong>Developers</strong>’<br />
Association Malaysia<br />
No. 50G-3, 50H-3, 50I-3, Kelana Mall<br />
Jalan SS6/14, Kelana Jaya,<br />
47301 Petaling Jaya, Selangor<br />
Tel: 03-7803 2978<br />
Fax: 03-7803 5285 03-7805 1206<br />
E-mail: secretariat@rehda.com<br />
Website: www.rehda.com<br />
producer<br />
Trix Sdn Bhd (267962-p)<br />
77c, Jalan ss22/23, Damansara Jaya<br />
47400 Petaling Jaya, Selangor Darul Ehsan<br />
Tel: 03-7729 5066 Fax: 03-7729 5077<br />
printer<br />
Pencetak Weng Fatt Sdn Bhd (19847-w)<br />
Lot 6, Lorong Kilang A, Off Jalan Kilang<br />
46050 Petaling Jaya, Selangor Darul Ehsan<br />
Tel: 03-7783 9231 Fax: 03-7783 9250<br />
Whilst every effort is made to ensure the accuracy <strong>of</strong> the<br />
contents published, REHDA Malaysia shall not be held<br />
liable for any reproduction, omission, error or inaccuracy<br />
<strong>of</strong> this publication.
SELANGOR: Bumiputera Defined<br />
the Director <strong>of</strong> the L<strong>and</strong> <strong>and</strong> Mines Office <strong>of</strong> the State <strong>of</strong> Selangor has issued the circular<br />
No. 5/2010 to specify the guidelines on eligibility for purchasing property allocated for the<br />
bumiputera. <strong>The</strong> article below is a reproduction <strong>of</strong> the circular.<br />
Garis P<strong>and</strong>uan Berhubung Kriteria Individu dan Syarikat bagi Permohonan Kebenaran<br />
untuk Memiliki Hartanah di bawah Kuota Bumiputera di Negeri Selangor<br />
1. Tujuan<br />
Pekeliling ini disediakan sebagai garis p<strong>and</strong>uan kepada Pentadbir Tanah Daerah<br />
dan Jabatan-jabatan Kerajaan dalam Negeri Selangor berhubung criteria<br />
individu dan syarikat Bumiputera bagi permohonan kebenaran untuk memiliki<br />
hartanah di bawah kuota Bumiputera di Negeri Selangor.<br />
2. Latar Belakang<br />
2.1 Selaras dengan perwakilan kuasa oleh Majlis Mesyuarat Kerajaan Negeri<br />
melalui keputusan Mesyuarat MMKN ke 12/2008 pada 28hb Mei 2008 dan<br />
30hb Mei 2008 dan Warta Kerajaan Negeri Selangor No. 3378 bertarikh 4hb<br />
Disember 2008, permohonan untuk mendapatkan pengesahan status<br />
Bumiputera bagi individu/syarikat untuk pembelian hartanah di Negeri<br />
Selangor diputuskan di peringkat Pengarah Tanah dan Galian Selangor.<br />
2.2 Berdasarkan permohonan yang diterima, didapati terdapat keperluan untuk<br />
satu dasar dirangka bagi mentakrifkan istilah Bumiputera dalam<br />
mengendalikan permohonan kebenaran untuk memiliki hartanah di bawah<br />
kuota Bumiputera di Negeri Selangor, tanpa seseorang individu atau<br />
syarikat membuat permohonan untuk pengesahan status Bumiputera.<br />
2.3 Sehubungan itu, kertas dasar berhubung perkara ini telah dibentangkan<br />
dalam Mesyuarat Jawatankuasa Tetap Pembangunan Tanah dan Sumber<br />
Alam pada 24 November 2009 dan selanjutnya diluluskan oleh Majlis<br />
Mesyuarat Kerajaan Negeri yang disahkan melalui keputusan Mesyuarat<br />
MMKN ke 6/2010 pada 10hb Februari 2010.<br />
3. Kriteria Kelayakan Individu dan Syarikat bagi Permohonan Kebenaran untuk<br />
Memiliki Hartanah di bawah Kuota Bumiputera di Negeri Selangor<br />
3.1 Kelayakan seseorang individu atau sesebuah syarikat untuk memiliki<br />
hartanah di bawah kuota Bumiputera di Negeri Selangor adalah<br />
berdasarkan Perlembagaan Persekutuan Malaysia dan peruntukan undangundang<br />
berikut:<br />
3.1.1 Orang “Melayu” di bawah Perkara 160 (2), Perlembagaan<br />
Persekutuan;<br />
3.1.2 “Anak negeri” Sabah di bawah Perkara 161A (6) (b) Perlembagaan<br />
Persekutuan dan Seksyen 2 (1) Interpretation (Definition <strong>of</strong><br />
Native) Ordinance Sabah (Sabah Cap. 64);<br />
3.1.3 “Anak negeri” Sarawak di bawah Perkara 161A (6) (a) dan 161A (7)<br />
Perlembagaan Persekutuan;<br />
3.1.4 Orang Asli Semenanjung Malaysia di bawah Perkara 160 (2)<br />
Perlembagaan Persekutuan dan Seksyen 3 Akta Orang Asli 1954<br />
(Akta 134);<br />
3.2 Bagi mempertimbangkan permohonan kebenaran untuk memiliki hartanah<br />
di bawah kuota Bumiputera di Negeri Selangor, kelayakan sebagai<br />
Bumiputera adalah berdasarkan keturunan dan fakta berikut:<br />
3.2.1 Melayu iaitu:<br />
3.2.1.1 Seseorang yang menganut agama Islam;<br />
3.2.1.2 Lazim bertutur bahasa Melayu;<br />
3.2.1.3 Mengamalkan adat istiadat Melayu; dan<br />
3.2.1.4 Lahir sebelum Hari Merdeka di Persekutuan atau<br />
Singapura/ibu atau bapanya; atau<br />
3.2.1.5 Berdomisil di Persekutuan atau Singapura pada Hari<br />
Merdeka; atau<br />
3.2.1.6 Seseorang anak yang ibu atau bapanya lahir sebelum Hari<br />
Merdeka di Persekutuan atau Singapura/datuk neneknya,<br />
atau ibu atau bapanya yang berdomisil di Persekutuan atau<br />
Singapura pada Hari Merdeka; dan<br />
3.2.1.7 Dapat mengemukakan sijil kelahiran berkaitan.<br />
announcement<br />
| 3<br />
3.2.2 Anak negeri Sabah iaitu:<br />
3.2.2.1 Seseorang warganegara Malaysia yang merupakan anak<br />
atau cucu kepada seorang daripada suatu ras asli bagi<br />
Sabah, dan telah lahir (sama ada atau tidak pada atau<br />
selepas Hari Malaysia) sama ada di Sabah atau dengan<br />
bapanya berdomisil di Sabah pada masa kelahiran itu;<br />
atau<br />
3.2.2.2 Seseorang yang menetap di Sabah dan telah tinggal di<br />
Sabah di kalangan anak negeri Sabah, yang mana ibu atau<br />
bapa atau datuknya adalah negeri Sabah, atau<br />
3.2.2.3 Seseorang yang menetap di Sabah terdiri daripada<br />
kalangan orang Suluk, Kagayan, Simonol, Sibutu atau<br />
Ubian atau penduduk asli Negeri Sarawak atau Negeri<br />
Brunei yang telah tinggal berterusan selama tiga (3) tahun<br />
sebelum dari tarikh beliau mengisytiharkan dirinya<br />
sebagai anak negeri, mempunyai kelakuan yang baik<br />
semasa tinggal di Sabah dan tidak tertakluk oleh<br />
Immigaration Act 1959/63. Kecuali salah seorang ibu<br />
bapanya terdiri daripada kalangan anak negeri yang<br />
tinggal dan diketahui dikebumikan di Sabah, masa<br />
kelayakan mesti dikurangkan kepada dua (2) tahun; atau<br />
3.2.2.4 Seseorang yang menetap di Sabah yang merupakan<br />
penduduk asli Republik Indonesia atau Sulu dari<br />
kepulauan Filipina atau Malaya atau Singapura telah<br />
tinggal dan menjadi penduduk selama lima (5) tahun dari<br />
tarikh beliau mengisytiharkan dirinya sebagai anak negeri,<br />
berkelakuan baik semasa tinggal di Sabah dan tidak<br />
tertakluk kepada Immigration Act 1959/63; dan sekiranya<br />
dikehendaki,<br />
3.2.2.5 dapat mengemukakan sijil atau dokumen daripada<br />
Mahkamah Anak Negeri yang mengisytiharkan beliau atau<br />
ibu atau bapa atau datuk moyangnya sebagai anak negeri<br />
Sabah.<br />
3.2.3 Anak negeri Sarawak iaitu:<br />
3.2.3.1 seseorang warganegara Malaysia yang tergolong dalam<br />
salah satu daripada ras Bukitan, Bisayah, Dusun, Dayak<br />
Laut, Dayak Darat, Kadayan, Kalabit, Kayan, Kenyah<br />
(termasuk Sabup dan Sipeng), Kajang (termasuk Sekapan,<br />
Kejaman, Lahanan, Punan, Tanjong dan Kanowit), Lugat,<br />
Lisum, Melayu, Melano, Murut, Penan, Sian, Tagal, Tabun<br />
dan Ukit; dan sekiranya dikehendaki,<br />
3.2.3.2 dapat mengemukakan salinan warta daripada Mahkamah<br />
Bumiputera yang mengisytiharkan beliau atau ibu atau<br />
bapa atau datuk moyangnya sebagai anak Negeri<br />
Sarawak.<br />
3.2.4 Orang Asli Semenanjung Malaysia iaitu:<br />
3.2.4.1 Mana-mana orang yang bapanya ialah anggota kumpulan<br />
etnik orang asli, yang bercakap bahasa orang asli dan<br />
lazimnya mengikut cara hidup orang asli dan adat dan<br />
kepercayaan orang asli, dan termasuk seorang keturunan<br />
melalui jurai lelaki orang itu;<br />
3.2.4.2 Mana-mana orang daripada mana-mana kaum yang<br />
diambil sebagai anak angkat semasa bayi oleh orang asli<br />
yang telah dibesarkan sebagai orang asli, lazimnya<br />
bercakap bahasa orang asli, lazimnya mengikut cara hidup<br />
orang asli dan adat dan kepercayaan orang asli dan ialah<br />
anggota suatu masyarakat orang asli; atau<br />
more on page 10,
4 | industry matters<br />
Goods <strong>and</strong> Services Tax (GST)<br />
for Property Development<br />
the goods <strong>and</strong> services tax (GST) is scheduled to be<br />
implemented in Malaysia by mid-2011, taking over the<br />
current sales tax system. <strong>The</strong> Royal Malaysian Customs<br />
has taken the initiative to provide a set <strong>of</strong> draft<br />
guidelines for REHDA’s feedback. <strong>The</strong> main points <strong>of</strong> the<br />
draft guidelines are reproduced below.<br />
A. INTRODUCTION<br />
1. This Industry Guide provides information on how<br />
the Goods <strong>and</strong> Services Tax (GST) works for<br />
property developers. It will address the GST<br />
treatment on activities <strong>of</strong> property developers,<br />
including housing developers licensed under<br />
<strong>Housing</strong> <strong>Developers</strong> (Control <strong>and</strong> Licensing) Act<br />
1966, <strong>and</strong> any person engaged in or undertaking a<br />
property development.<br />
B. GENERAL OPERATION OF GST<br />
1. <strong>The</strong> Goods <strong>and</strong> Services Tax (GST) is a tax on the<br />
final consumption <strong>of</strong> goods <strong>and</strong> services. Unlike<br />
the existing consumption tax i.e. Sales Tax system,<br />
which is a single stage tax at manufacturers level,<br />
the GST is a multi stage tax. Payment <strong>of</strong> tax is<br />
made in stages on the value added by the<br />
intermediaries in the production <strong>and</strong> distribution<br />
chain. <strong>The</strong> tax is ultimately passed to the final<br />
consumer. <strong>The</strong>refore, the tax itself is not a cost to<br />
the intermediaries <strong>and</strong> does not appear as an<br />
expense item in their financial statements.<br />
2. A person who is registered under the Malaysian<br />
GST is required to charge the GST on his output <strong>of</strong><br />
taxable supply <strong>of</strong> goods <strong>and</strong> services made to his<br />
customers. He is allowed to claim as credit any GST<br />
incurred on his purchases which are inputs to his<br />
business <strong>of</strong> making taxable supply <strong>of</strong> goods <strong>and</strong><br />
services. Thus, double taxation will be avoided as<br />
only the value added at each stage is taxed.<br />
C. OVERVIEW OF INDUSTRY<br />
1. Property developers buy l<strong>and</strong>, plan, create,<br />
develop, design <strong>and</strong> market real property.<br />
<strong>Developers</strong> work with many different people along<br />
each step <strong>of</strong> the development <strong>of</strong> property.<br />
<strong>Developers</strong> work with financiers, federal <strong>and</strong> state<br />
authorities, local authorities, contractors, <strong>and</strong><br />
lawyers, engineers, surveyors, architects <strong>and</strong><br />
others.<br />
2. <strong>Real</strong> estate refers to l<strong>and</strong> <strong>and</strong> everything attached<br />
to it, whether on or below the surface. L<strong>and</strong><br />
includes buildings, trees, vegetation <strong>and</strong> other<br />
structures <strong>and</strong> objects in, under or over it. <strong>Real</strong><br />
property is the rights to use real estate <strong>and</strong><br />
includes activities concerned with ownership, use<br />
<strong>and</strong> transfers <strong>of</strong> immovable property.<br />
D. OVERVIEW OF GST TREATMENT<br />
ON INDUSTRY<br />
1. <strong>The</strong> supply <strong>of</strong> l<strong>and</strong> <strong>and</strong> building for commercial,<br />
administrative <strong>and</strong> industrial purpose is subject to<br />
GST, while for agriculture <strong>and</strong> residential property<br />
including residential house the supply is exempted.<br />
<strong>The</strong> classification <strong>of</strong> l<strong>and</strong> is based on the conditions<br />
<strong>of</strong> use stated in the l<strong>and</strong> title.<br />
2. <strong>The</strong> sale <strong>and</strong> disposal <strong>of</strong> property involving a<br />
transfer <strong>of</strong> ownership or title is regarded as a supply<br />
<strong>of</strong> goods. In the case <strong>of</strong> taxable supply <strong>of</strong> completed<br />
unit, GST is charged on the whole value <strong>of</strong> the<br />
property when the l<strong>and</strong> is made available to the<br />
purchaser, that is on the date <strong>of</strong> conveyance. In the<br />
case <strong>of</strong> taxable supply <strong>of</strong> real property under<br />
construction, GST is charged on each <strong>and</strong><br />
successive interim or periodic payment. A<br />
transaction which involves a transfer <strong>of</strong> possession<br />
such as a lease <strong>and</strong> rental <strong>of</strong> property is regarded as<br />
a supply <strong>of</strong> services. GST is imposed on each<br />
successive lease or rental payment.<br />
3. Where a developer charges his title to the lender to<br />
get a loan (whether mortgage or lien) such action is<br />
not regarded as a supply <strong>and</strong> is not subject to GST.<br />
<strong>The</strong> act <strong>of</strong> entering or lifting <strong>of</strong> caveat is not a supply<br />
by the lender or borrower.<br />
4. Where the lender sells l<strong>and</strong> under power <strong>of</strong> sale in<br />
satisfaction <strong>of</strong> debt or foreclosures on the l<strong>and</strong> <strong>of</strong><br />
the developer, the developer is regarded as making<br />
a supply but the tax will be accounted by the lender.<br />
5. All supplies are regarded as out <strong>of</strong> scope in relation<br />
to charges <strong>and</strong> fees imposed by the Government to<br />
real estate such as quit rent, premium, survey fees<br />
(conducted) by Survey Department), registration <strong>of</strong><br />
titles <strong>and</strong> other payment. <strong>The</strong> assessment rates<br />
imposed by the local authorities are also out <strong>of</strong><br />
scope <strong>of</strong> GST.<br />
FREQUENTLY ASKED QUESTIONS<br />
1. Registration<br />
Q1: As a developer, I supply both commercial<br />
<strong>and</strong> residential properties. Am I liable to be<br />
registered?<br />
A1: All developers engaged in or undertaking<br />
property development, whether they are<br />
companies, statutory bodies, societies,<br />
partnerships or individuals are liable to be<br />
registered if their annual turnover involving<br />
taxable supplies in the past 12 months or<br />
within future 12 months exceeds the<br />
threshold. Taxable supplies include the sale,<br />
lease <strong>and</strong> rental <strong>of</strong> non-residential property<br />
(exempt supplies), <strong>and</strong> the value <strong>of</strong> property<br />
put to private or non-business use.<br />
Q2: If my annual turnover <strong>of</strong> taxable supplies does<br />
not exceed the threshold, can I apply to be<br />
registered?<br />
A2: You may apply for voluntary registration, but<br />
once you registered you must remain registered<br />
for a minimum <strong>of</strong> two years.<br />
2. Supplies<br />
Q3: What are the supplies which are subjected to<br />
GST in the real estate industry?<br />
A3: <strong>The</strong> supplies which are subjected to GST include<br />
the supplies <strong>of</strong> all buildings except residential<br />
housing/building.<br />
Q4: In the course <strong>of</strong> undertaking a property<br />
development project, I have to surrender part<br />
<strong>of</strong> my l<strong>and</strong>/property back to the State<br />
Authority without monetary considerations to<br />
be used for educational, religious, charitable<br />
or public purpose. <strong>The</strong>se supplies include<br />
roads, police station, schools, recreational<br />
areas <strong>and</strong> other public amenities. Are these<br />
supplies subject to GST?<br />
A4: No, these are non supplies <strong>and</strong> hence are not<br />
subject to GST. <strong>The</strong>y are provided to the<br />
authorities without monetary consideration in<br />
the course <strong>of</strong> undertaking the property<br />
development to supplement the main<br />
development. <strong>The</strong>y form part <strong>of</strong> the cost <strong>of</strong><br />
business <strong>and</strong> is costed into the price <strong>of</strong> the main<br />
development.<br />
Q5: I also have to transfer the infrastructure <strong>of</strong><br />
utility services such as substations, sewerage<br />
treatment plant <strong>and</strong> water tank to the<br />
respective utilities provider for a purely<br />
nominal charge. Are these transfers/supplies<br />
subject to GST?<br />
A5: No, these are non supplies <strong>and</strong> hence are not<br />
subject to GST. <strong>The</strong>y are transferred to the<br />
utilities providers at a purely nominal charge.<br />
<strong>The</strong> utility providers are henceforth required to<br />
maintain those infrastructure.<br />
Q6: In relation to the question above, what<br />
constitutes my taxable <strong>and</strong> exempt supplies?<br />
A6: Your supply consist <strong>of</strong> supplies <strong>of</strong> the main<br />
development that you charge your purchasers.<br />
Your taxable supply is the sale <strong>of</strong> the commercial<br />
buildings. Your exempt supply is the sale <strong>of</strong> your<br />
residential housing.<br />
Q7: I provide administrative services such as<br />
providing endorsement <strong>of</strong> deed <strong>of</strong> assignment.<br />
Are such administrative fees subject to GST?<br />
A7: Yes, administrative fees incurred such as<br />
endorsing the deed <strong>of</strong> assignment are subject to<br />
GST because administrative fees are st<strong>and</strong>ard<br />
rated supplies.<br />
Q8: I charge interest for late payment. Is this<br />
interest payment subject to GST?<br />
A8: Interest payment related to late payment is<br />
regarded as a penalty <strong>and</strong> is considered to be<br />
out <strong>of</strong> scope. <strong>The</strong>refore, it is not subject to GST.
Q9: Is the conversion premium imposed by the<br />
Federal <strong>and</strong> State Authority subject to GST?<br />
A9: No, the conversion premium <strong>and</strong> all other<br />
premium <strong>and</strong> fees imposed by the Federal<br />
<strong>and</strong> State Authority related to real estate is<br />
regarded as out <strong>of</strong> scope <strong>and</strong> is not subject to<br />
GST.<br />
3. Time <strong>of</strong> Supply <strong>and</strong> Accounting Period<br />
Q10: When <strong>and</strong> how do I account for GST for<br />
supplies <strong>of</strong> uncompleted non-residential<br />
property under progressive payment<br />
contracts?<br />
A10: You have to account for GST at the various<br />
stages <strong>of</strong> the progressive/scheduled payment<br />
based on the earlier <strong>of</strong> the following:<br />
a. When tax invoice is issued; or<br />
b. When payment is received.<br />
Example 1:<br />
A purchaser enters into an agreement to buy<br />
a commercial building which is under<br />
construction. <strong>The</strong> sales price <strong>of</strong> the building is<br />
RM300,000.00. <strong>The</strong> payment is scheduled<br />
for 4 successive interval payments <strong>and</strong> the<br />
respective amounts to be paid is as follows:<br />
Scheduled Payment Period Amount<br />
1st payment (1 April) RM40,000.00<br />
2nd payment (1 July) RM60,000.00<br />
3rd payment (1 October 2006) RM80,000.00<br />
4th payment (1 Jan) RM120,000.00<br />
<strong>The</strong> developer subsequently issues a tax<br />
invoice at each successive period. <strong>The</strong> GST<br />
chargeability is as follows:<br />
1st interval (April 1st)<br />
Tax invoice = RM40,000.00<br />
GST (40,000 X 4%) = RM1,600.00<br />
2nd interval<br />
Tax invoice = RM60,000.00<br />
GST (60,000 X 4%) = RM2,400.00<br />
3rd interval<br />
Tax invoice = RM80,000.00<br />
GST (80,000 X 4%) = RM3,200.00<br />
4th interval<br />
Tax invoice = RM120,000.00<br />
GST (120,000 X 4%) = RM4,800.00<br />
<strong>The</strong> developer accounts for GST based on the<br />
date the tax invoice is issued. Assuming you<br />
are on a monthly taxable period, if you issue<br />
a tax invoice on 1st April, you have to account<br />
for GST in your April GST return.<br />
Q11: Do I have to account for GST on receipt <strong>of</strong><br />
payment for a booking fee?<br />
A11: You do not have to account for GST on receipt<br />
<strong>of</strong> payment <strong>of</strong> booking fee because it is not<br />
regarded as part payment for the supply <strong>of</strong><br />
real property. However, if you receive<br />
payment upon signing <strong>of</strong> Sales <strong>and</strong> Purchase<br />
Agreement, that payment will form part<br />
payment for the sale <strong>of</strong> real property <strong>and</strong> will<br />
be subject to GST.<br />
Q12: When do I have to account for GST on the sale<br />
<strong>of</strong> a completed non-residential property?<br />
A12: If the contract requires a purchaser to pay upon<br />
signing <strong>of</strong> Sales <strong>and</strong> Purchase (S&P) Agreement<br />
<strong>and</strong> a final payment, you have to account for<br />
GST:<br />
At the stage when S&P is signed<br />
GST should be accounted at the earlier <strong>of</strong> the<br />
following:<br />
a. When a tax invoice is issued; or<br />
b. When the payment is received.<br />
At the transfer stage<br />
GST should be accounted at the earliest <strong>of</strong> the<br />
following:<br />
a. When a tax invoice is issued;<br />
b. When payment <strong>of</strong> the balance <strong>of</strong> the<br />
purchase price is received;<br />
c. When the property is made available to the<br />
purchaser; or<br />
d. When the transfer is effected.<br />
4. Place <strong>of</strong> Supply<br />
Q13: If I am a developer registered in Malaysia <strong>and</strong><br />
sells non-residential properties in Malaysia,<br />
do I have to account for GST on my supplies?<br />
A13: Yes, all non-residential properties disposed in<br />
Malaysia by property developer registered in<br />
Malaysia will be subjected to GST.<br />
Q14: If I am registered in Langkawi <strong>and</strong> supply nonresidential<br />
property in Langkawi, do I have to<br />
account for GST?<br />
A14: Langkawi is regarded as a Designated Area (DA).<br />
Supplies within DA are disregarded. Hence they<br />
are not subject to GST.<br />
Q15: If I am registered in Langkawi <strong>and</strong> supply nonresidential<br />
property outside Langkawi<br />
(outside DA), do I have to account for GST?<br />
A15: Yes, these supplies are subject to GST.<br />
Q16: If a developer outside Designated Area in<br />
Malaysia supply non-residential property in<br />
the Designated Area, is the supply subject to<br />
GST?<br />
A16: No, the supply is not subject to GST. <strong>The</strong> supply<br />
is disregarded. However, if the developer makes<br />
a supply <strong>of</strong> residential property in the<br />
Designated Area, he is regarded as making an<br />
exempt supply.<br />
5. Input Tax Credit<br />
Q17: Is the input tax incurred for the entire property<br />
development incorporating residential,<br />
commercial <strong>and</strong> industrial units recoverable?<br />
A17: No, only the input tax on goods <strong>and</strong> services<br />
which are used or will be used wholly on making<br />
taxable supplies is recoverable. You should<br />
identify the inputs that are directly attributable<br />
to making taxable supplies <strong>and</strong> claim that<br />
portion. In this case, only the input tax for inputs<br />
used wholly in making commercial <strong>and</strong><br />
industrial buildings is recoverable. Other<br />
residual input tax is apportioned between the<br />
taxable <strong>and</strong> exempt supplies.<br />
industry matters<br />
| 5<br />
Q18: Can I claim input tax for the supplies<br />
incidental to the supply <strong>of</strong> the main<br />
development project? For example,<br />
l<strong>and</strong>scaping, roads, school, police station<br />
<strong>and</strong> other public amenities?<br />
A18: Yes, you can claim input tax incurred on<br />
such works which is attributable to the<br />
supply <strong>of</strong> the main development (making<br />
commercial, industrial buildings <strong>and</strong><br />
residential houses). However, you can only<br />
recover the input tax acclaim which is<br />
attributable to taxable supplies <strong>of</strong><br />
commercial <strong>and</strong> industrial buildings. You<br />
cannot recover input tax attributable to the<br />
supply <strong>of</strong> residential house because it is an<br />
exempt supply.<br />
Q19: Is the entire residual input tax incurred<br />
on goods <strong>and</strong> services recoverable?<br />
A19: No, only the portion <strong>of</strong> residual input tax<br />
which is attributable to making taxable<br />
supplies is recoverable.<br />
Q20: In relation to the answer above, how<br />
should I claim my residual input tax?<br />
A20: <strong>The</strong> residual input tax that relates to both<br />
taxable <strong>and</strong> exempt supplies should be<br />
apportioned to ascertain the portion <strong>of</strong><br />
input tax that is recoverable.<br />
Example 2:<br />
DEF Developer Sdn Bhd carries out a<br />
development project consisting <strong>of</strong> 200 units<br />
<strong>of</strong> residential houses, 20 units <strong>of</strong><br />
commercial building <strong>and</strong> 10 units <strong>of</strong><br />
industrial building. (<strong>The</strong>se units are<br />
regarded as the main development). For the<br />
relevant taxable period, the value <strong>of</strong> the<br />
residential houses is RM5,000,000 <strong>and</strong> the<br />
value <strong>of</strong> the commercial <strong>and</strong> industrial<br />
buildings is RM3,000,000. In the course <strong>of</strong><br />
carrying out this project, the developer also<br />
supply basic amenities such as roads,<br />
footpaths, drains <strong>and</strong> communal parking.<br />
<strong>The</strong> residual input tax incurred in supplying<br />
these residual inputs is RM4,000 in that<br />
taxable period. <strong>The</strong> residual input tax<br />
recoverable in that taxable period (using the<br />
turnover method) is as follows:<br />
Value <strong>of</strong> Supplies Amount<br />
Value <strong>of</strong> residential input RM80,000.00<br />
Total value <strong>of</strong> taxable<br />
supplies<br />
RM5,000,000.00<br />
Total value <strong>of</strong> exempt<br />
supplies<br />
RM3,000,000.00<br />
Residual input tax incurred RM3,200.00<br />
Residual input tax recoverable:<br />
Total Value <strong>of</strong> Taxable Supplies Total<br />
= Input Tax X<br />
Value <strong>of</strong> Taxable <strong>and</strong> Exempt Supplies<br />
= RM3,200 X (RM5,000,000)<br />
RM8,000,000<br />
= RM2,000.00<br />
<strong>The</strong> residual input tax recoverable is RM2,000.00.<br />
more on page 8,
6 | branch news<br />
REHDA Branches Elect <strong>The</strong>ir Leaders<br />
New Branch Committee Members 2010–2012<br />
SELANGOR BRANCH<br />
Branch Chairman<br />
Mr Ngian Siew Siong<br />
Sunway City Berhad<br />
Immediate Past<br />
Branch Chairman<br />
Dato’ Fateh Isk<strong>and</strong>ar bin<br />
Tan Sri Dato’ Mohamed Mansor<br />
Glomac Enterprise Sdn Bhd<br />
Most Recent Past<br />
Branch Chairman<br />
Tn Hj Muztaza bin Hj Mohamad<br />
Fairview Development Sdn Bhd<br />
Deputy Branch Chairman<br />
Mr Che King Tow<br />
Rimau Properties Sdn Bhd<br />
Branch Secretary<br />
Mr Ng Boon Chan<br />
B<strong>and</strong>ar Sepadu Sdn Bhd<br />
Assistant Branch Secretary<br />
Puan Hajjah Junaidah<br />
bte Mohd Shazilli<br />
Central Spectrum (M) Sdn Bhd<br />
Branch Treasurer<br />
Ir Tiah Oon Ling<br />
Integrated Development Sdn Bhd<br />
Branch Committee Members<br />
Datuk Eddy Chen Lok Loi<br />
Cekap Corporation Bhd<br />
Datuk Ng Seing Liong<br />
Kota Kelang Development Sdn Bhd<br />
Mr Stanley Teh Guan Kok<br />
Chuan Aik Development Sdn Bhd<br />
Mr Vincent Khoo Peng Keong<br />
Klang Development Sdn Bhd<br />
Dato’ David Tan <strong>The</strong>an Thye<br />
Malayapine <strong>Estate</strong>s Sdn Bhd<br />
Encik Mohd Saleh Kailany<br />
Sime UEP Development Sdn Bhd<br />
Mr Khor Chap Jen<br />
B<strong>and</strong>ar Setia Alam Sdn Bhd<br />
JOHOR BRANCH<br />
Branch Chairman<br />
Mr Simon Heng Kwang Hock<br />
Property Village Berhad<br />
Immediate Past<br />
Branch Chairman<br />
Mr Lee Kim Chai<br />
Panoramic <strong>Housing</strong> Devt. Sdn Bhd<br />
Selangor Branch AGM<br />
Past Branch Chairman<br />
Mr Steven Shum Wing On<br />
Tanah Sutera Development Sdn Bhd<br />
Deputy Branch Chairman<br />
Mr Koh Moo Hing<br />
Tanah Sutera Development Sdn Bhd<br />
Branch Secretary<br />
Mr Siew Fook Wah<br />
Leisure Farm Corporation Sdn Bhd<br />
Assistant Branch Secretary<br />
Ms Hoe Mee Ling<br />
Bukit Indah (J) Sdn Bhd<br />
Branch Treasurer<br />
Mr Vincent Chong Kin Meng<br />
Keck Seng (M) Berhad<br />
Branch Committee Members<br />
Dato’ Steve Chong Yoon On<br />
Austin Heights Sdn Bhd<br />
Mr Choo Hock Sing<br />
Daiman Development Berhad<br />
Mr Wong Boon Lang<br />
Bazar Ria Sdn Bhd<br />
Mr Wong Kuen Kong<br />
Dynasty View Sdn Bhd<br />
Branch Committee Members<br />
Mr Tan Ban Meng<br />
Himpunan Kurnia Sdn Bhd<br />
En Mustaza bin Musa<br />
Matrix Concepts Sdn Bhd<br />
Branch Honorary Advisors<br />
Dato’ A. Ponniah<br />
Property Mart Sdn Bhd<br />
Dato’ Hj Mohd Khalid bin Harun<br />
Housec<strong>of</strong>f Sdn Bhd<br />
Tn Hj Yaacob bin Hj Hussin<br />
Bagan Pinang Development Sdn Bhd<br />
Mr T Yogeswaran<br />
United Properties Co-Operation<br />
Sdn Bhd<br />
NEGERI SEMBILAN BRANCH<br />
PERAK BRANCH<br />
Branch Chairman<br />
Dato’ Francis Lee Yew Hean<br />
Antap Enterprises Sdn Bhd<br />
Immediate Past<br />
Branch Chairman<br />
Mr MK Rajah<br />
Perak <strong>Real</strong> <strong>Estate</strong>s Sdn Bhd<br />
Deputy Branch Chairman<br />
Mr Raymond Chan Chee Keong<br />
Syarikat Larut Jaya Sdn Bhd<br />
Branch Chairman<br />
Branch Secretary<br />
Mr S. Sivanyanam<br />
Mega 3 <strong>Housing</strong> Sdn Bhd<br />
Mr San Chak Chun<br />
Jebong <strong>Housing</strong> Development<br />
Most Recent Past<br />
Sdn Bhd<br />
Branch Chairman<br />
Assistant Branch Secretary<br />
Dato’ Soam Heng Choon<br />
RB L<strong>and</strong> Sdn Bhd<br />
Mr Soh Hong<br />
Chin Pek Soo & Sons Sdn Bhd<br />
Past Branch Chairman<br />
Branch Treasurer<br />
Mr Ng Lip Chong<br />
Nee Yan & Co Sdn Bhd<br />
Dato’ Hj Mohamed Razali<br />
bin Khalid<br />
Deputy Chairman<br />
Buntong Maju Sdn Bhd<br />
Ms Jenny Wang Lee Peng<br />
Branch Patrons<br />
Wingress Sdn Bhd<br />
Mr Moses Tay Moh Seh<br />
Honorary Branch Secretary Dilim Builders Sdn Bhd<br />
En Mohd Sabri Ismail<br />
Branch Committee Members<br />
Bagan Pinang Development Sdn Bhd Mr Ng Poh Heng<br />
Assistant Branch<br />
CNT Builders Sdn Bhd<br />
Honorary Secretary<br />
Mr Yeow Boo Teik<br />
Mr Alan Lai Chien Kong<br />
Kemajuan Perbakti Sdn Bhd<br />
Prosperity Development Sdn Bhd Mr Danny Chong Khong Shoong<br />
Branch Treasurer<br />
Mr Desmond Yap Poh Seng<br />
Prestajaya Sdn Bhd<br />
Kejutaan L<strong>and</strong> Sdn Bhd<br />
Mr Bernard Tan Chor Hwa<br />
Meru Valley Resort Bhd<br />
Mr Chan Nam<br />
Namcom Development Sdn Bhd<br />
Melaka Branch Committee<br />
Mr Chan Hoong Mun<br />
Peng Yong Properties Sdn Bhd<br />
Mr Looi Teik Aun<br />
Rimawar Sdn Bhd<br />
Mr Wani Choong Moh Guan<br />
Sri Kancil Development Sdn Bhd<br />
Mr Lau Eng Pun<br />
Taiko Properties Sdn Bhd<br />
Mr Tony Khoo Boon Chuan<br />
Tumbuh Merata Sdn Bhd<br />
MELAKA BRANCH<br />
Branch Chairman<br />
Datuk Gwee Yew Kiat<br />
Naga Jaguh Development Sdn Bhd<br />
Immediate Past<br />
Branch Chairman<br />
Datuk Peter Lim Cheow Seng<br />
Yonsen Construction Sdn Bhd<br />
Deputy Branch Chairman<br />
Mr Tay Sin Wah<br />
Salient Development Sdn Bhd<br />
Branch Secretary<br />
Mr Anthony Cho Tian Han<br />
Kamra Jaya Sdn Bhd<br />
Assistant Branch Secretary<br />
Datuk Ngoh King Hua<br />
Gr<strong>and</strong> City Development Sdn Bhd<br />
Branch Treasurer<br />
Dato’ Ng Choon Koon<br />
Wawasan Intact Development<br />
Sdn Bhd<br />
Branch Committee Members<br />
Mr Ngoh Chun How<br />
NKS Development Sdn Bhd<br />
Mr Poh Geok Seng<br />
PB <strong>Real</strong>ty Sdn Bhd<br />
Datuk Peter Lim Cheow Seng<br />
Yonsen Construction Sdn Bhd<br />
PENANG BRANCH<br />
Branch Chairman<br />
Dato’ Jerry Chan Fook Sing<br />
Asas Mutiara Sdn Bhd<br />
Immediate Past<br />
Branch Chairman<br />
Dato’ Eddy Choong Ewe Beng<br />
Hock Hin Bros. Sdn Bhd<br />
Recent Past Branch Chairman<br />
Dato’ Ong Gim Huat<br />
Kim Mansions Sdn Bhd
Throughout the month <strong>of</strong> May, the respective REHDA Branch members sat at their<br />
Annual General Meetings (AGM) to elect their new committee members.<br />
Deputy Branch Chairman<br />
Mr Albert Lai Tuck Yew<br />
Comfort Enterprise Sdn Bhd<br />
Honorary Branch Secretary<br />
Mr Teh Kiak Seng<br />
Tambun Indah Sdn Bhd<br />
Assistant Honorary<br />
Branch Secretary<br />
Mr Toh Chin Leong<br />
IJM Properties Sdn Bhd<br />
Honorary Treasurer<br />
Mr Lau Eng Sim<br />
MWE Properties Sdn Bhd<br />
Branch Committee Members<br />
Mr Ron Loh Chin Chuen<br />
Ivory Square Sdn Bhd<br />
Dr Lee Ville<br />
Konturjaya Sdn Bhd<br />
Mr Cheah Kheng Hooi<br />
Sin Chor Chit Construction Sdn Bhd<br />
Mr Chan Fock Seng<br />
Chong Co & Hwa Sing Development<br />
Sdn Bhd<br />
Mr Ooi Wei Chong<br />
Tanjung Park Development Sdn Bhd<br />
Mr David Fong Chin Chong<br />
Heavenly Heritage Sdn Bhd<br />
WILAYAH PERSEKUTUAN (KL)<br />
BRANCH<br />
Branch Chairman<br />
Mr Tong Nguen Khoong<br />
Bukit Kiara Properties Sdn Bhd<br />
Immediate Past<br />
Branch Chairman<br />
Dato’ Michael Yam Kong Choy<br />
Serai Saujana Development Sdn Bhd<br />
Most Recent Past<br />
Branch Chairman<br />
Mr Teh Boon Ghee<br />
IGB Corporation Sdn Bhd<br />
Deputy Branch Chairman<br />
Mr Tan Ching Meng<br />
MSL Properties Sdn Bhd<br />
Branch Secretary<br />
En Wan Hashimi Albakri<br />
Sime Darby Properties Sdn Bhd<br />
Assistant Branch Secretary<br />
En Nazarudin Ab Rahim<br />
KIP L<strong>and</strong> Sdn Bhd<br />
Branch Treasurer<br />
Dato’ Lawrence Low Wui Keong<br />
CRSC Property Sdn Bhd<br />
Branch Committee Members<br />
Tan Sri Dato’ Hj M. Ariffin Yusuf<br />
Primabina Development Sdn Bhd<br />
Mr Poh Pai Kong<br />
Tradewinds Corporation Bhd<br />
Mr Chan Wing Kwong<br />
Bolton Berhad<br />
Mr Lum Tuck Ming<br />
Sunrise Berhad<br />
Pn Myrzela Sabtu<br />
Naza TTDI Sdn Bhd<br />
Mr Chan Kin Meng<br />
Beneton Properties Sdn Bhd<br />
Mr Ter Leong Yap<br />
Sunsuria Development Sdn Bhd<br />
PAHANG BRANCH<br />
Branch Chairman<br />
Mr Cheoh Chee Guan<br />
Brilliant Foresight Sdn Bhd<br />
Immediate Past<br />
Branch Chairman<br />
Mr Jonathan Kok Keng Fai<br />
Macinda Sdn Bhd<br />
Recent Past Branch Chairman<br />
Mr Chin Yoke Kan<br />
Tunas Manja Development &<br />
Construction Sdn Bhd<br />
Deputy Branch Chairman<br />
Mr Chua Say Chai<br />
Ming Hooi Development Sdn Bhd<br />
Branch Secretary<br />
Mr Wong Kok Loon<br />
Wong Fook Construction Sdn Bhd<br />
Assistant Branch Secretary<br />
En Mohd Asri bin Mohamad Ripin<br />
PASDEC Corporation Sdn Bhd<br />
Branch Treasurer<br />
Mr Darren Pang Kwei Seen<br />
Perumahan Satelit Jaya Sdn Bhd<br />
Branch Committee Members<br />
Dato’ Ng Leong Hai<br />
Special Selection Sdn Bhd<br />
Mr Ong Thian Yew<br />
Greenlast <strong>Housing</strong> Devt. Sdn Bhd<br />
Mr Loo Chin Yew<br />
Eastern Fame Sdn Bhd<br />
Mr Hiew Yun Fong<br />
Elephant Engineering Sdn Bhd<br />
Wilayah Persekutuan (KL) Branch Committee<br />
Mr David Choi Beng Kuan<br />
CKC Developments Sdn Bhd<br />
Ms Chong Yen Ni<br />
Hui Tat Builders Sdn Bhd<br />
TERENGGANU BRANCH<br />
Branch Chairman<br />
Mr Woo Mun Kit<br />
Citiraya Development Sdn Bhd<br />
Deputy Branch Chairman<br />
En Rashidi bin Dato’ Hj Abd Wahab<br />
Tanjong Development Sdn Bhd<br />
Branch Secretary<br />
Tn Hj Zainuddin bin Abu Bakar<br />
Pembinaan ANZ Sdn Bhd<br />
Assistant Branch Secretary<br />
Puan Wan Siti Hajar<br />
bt Wan Embong<br />
Konsortium Perumahan Rakyat<br />
Terengganu<br />
Branch Treasurer<br />
Mr Chong Fah Ming<br />
Trek Development Sdn Bhd<br />
branch division news<br />
Branch Committee Members<br />
Mr Loh Wai Keat<br />
Keatyew Development Sdn Bhd<br />
Dato’ Syed Zulkiflee<br />
bin Syed Abdullah<br />
Syarikat Sakan Sdn Bhd<br />
Ms Lee Suan Mooi<br />
Kubang Pasu Development Sdn Bhd<br />
Mr Tey Hock Seng<br />
Kota Setar L<strong>and</strong> Sdn Bhd<br />
En Zuber bin Ahmad<br />
Aima Development Sdn Bhd<br />
En Zawawi bin Wahab<br />
Plenitude Heights Sdn Bhd<br />
Mr Ooi Cheng Soon<br />
Eternal Development Sdn Bhd<br />
Mr Khow Meng Hooi<br />
Unikor Enterprise (K) Sdn Bhd<br />
Ms Angie Ng Mooi Choo<br />
OSK Properties Sdn Bhd<br />
Mr Lim Chang Chow<br />
Sri Awona Sdn Bhd<br />
KEDAH/PERLIS BRANCH<br />
KELANTAN BRANCH<br />
Branch Chairman<br />
Dato’ Sekarnor Che Omar<br />
Branch Chairman<br />
Strata Merge (M) Sdn Bhd<br />
Dato’ Ricque Liew Yin Chew Deputy Branch Chairman<br />
Paramount Property (Utara) Sdn Bhd Mr Ong Thim Kuang<br />
Immediate Past<br />
Vimaco Enterprise Sdn Bhd<br />
Branch Chairman<br />
Branch Secretary<br />
Dato’ Wira Hj Tajudin<br />
Tn Hj Mohd Basir bin Junoh<br />
bin Hj Hashim<br />
Berkat Makmur Jaya Development<br />
Eupe Kemajuan Sdn Bhd<br />
Sdn Bhd<br />
Most Recent Past<br />
Assistant Branch Secretary<br />
Branch Chairman<br />
Mr Oie Poh Choon<br />
Dato’ Haji Abdul Halim<br />
Df Prima Build & Development<br />
bin Haji Che Din<br />
Sdn Bhd<br />
Aima Development Sdn Bhd<br />
Branch Treasurer<br />
Deputy Branch Chairman En Mohd Adib Abd Satar<br />
Mr Rick Cheng Wooi Seong<br />
Nusajaza Development Sdn Bhd<br />
Encomas Sdn Bhd<br />
Branch Committee Members<br />
Branch Secretary<br />
Dato’ Samsuri bin Awang Mat<br />
Mr Yeoh Su Guan<br />
Dataran Fajar Development<br />
Jesin Development Sdn Bhd<br />
Sdn Bhd<br />
Branch Treasurer<br />
Mr Lee Hor Yin<br />
Nepta Development Sdn Bhd<br />
Mr Khor Pho Juan<br />
KPJ Development Sdn Bhd<br />
En Zulkarnain bin Mohamed<br />
Daxmaster Sdn Bhd<br />
Assistant Branch Secretary En Mohd Radzi bin Mohd Zain<br />
Ms Beh Suan Sim<br />
SPP Development Sdn Bhd<br />
Ambangan Heights Sdn Bhd<br />
Mr Alan Teng<br />
Pembinaan Medan Megah Sdn Bhd<br />
Kelantan Branch Committee<br />
| 7
8 | industry matters<br />
, continued from page 5 Goods <strong>and</strong> Services Tax (GST) for Property Development<br />
Q21: Instead <strong>of</strong> the turnover method, can I claim<br />
my input tax using alternative method such<br />
as floor space or input method?<br />
A21: To use an alternative method, you have to<br />
apply to the Customs Department.<br />
Q22: Can the Director-General <strong>of</strong> Customs direct<br />
me to use an alternative method <strong>of</strong><br />
apportionment other than the st<strong>and</strong>ard<br />
method (turnover method)? Can the direction<br />
be backdated?<br />
A22: Yes, the Director-General <strong>of</strong> Customs can direct<br />
you to use an alternative method <strong>of</strong> apportion<br />
such as gross floor area or quantities <strong>of</strong> output.<br />
However, such direction becomes effective<br />
from the date it is given or later, but cannot be<br />
backdated.<br />
Q23: Can I claim input tax on speculative supplies<br />
which are incurred in the course <strong>of</strong><br />
investigating potential projects?<br />
A23: Where the l<strong>and</strong> has not been acquired, the<br />
input tax incurred on speculative supplies such<br />
as consultant/pr<strong>of</strong>essional fees, finders fees,<br />
feasibility studies should be regarded as<br />
residual input tax, <strong>and</strong> input tax can be<br />
claimed accordingly. In the later stage, where<br />
l<strong>and</strong> is acquired <strong>and</strong> you are making a supply,<br />
you can attribute the input tax to either taxable<br />
(if making non residential supplies) or exempt<br />
supplies (if making residential supplies), or<br />
apportion the input tax (if making mixed<br />
supplies).<br />
6. Retention Amount<br />
Q24: When the customer pays a deposit to a<br />
lawyer who acts as the developer’s agent,<br />
does the deposit trigger a tax point?<br />
A24: Yes, the tax point is triggered when the deposit<br />
amount is received.<br />
Q25: When the customer pays a deposit to a<br />
lawyer acting the capacity <strong>of</strong> stakeholder,<br />
does the deposit trigger a tax point?<br />
A25: No, the tax point is not triggered until the<br />
money is released by the stakeholder to the<br />
developer.<br />
Q26: When can your client claim input tax on<br />
retention sum?<br />
A26: When the retention sum is released to you <strong>and</strong><br />
you issue him a tax invoice.<br />
7. Liquidated Damages<br />
Q27: Do liquidated damages involving late<br />
delivery charges have any GST implication?<br />
A27: No, liquidated damages involving late delivery<br />
charges do not have GST implications because<br />
they are not payment for a supply.<br />
Q28: If I have to pay liquidated damages <strong>and</strong> at<br />
the same time charge the client for another<br />
supply, can I set the amount <strong>of</strong>f each other?<br />
A28: No, you cannot reduce the value <strong>of</strong> your taxable<br />
supplies by setting the amounts <strong>of</strong>f each other<br />
because they are in respect <strong>of</strong> two different<br />
supplies. You have to account separately. In<br />
case the supply to the client is taxable, you<br />
have to charge GST in respect <strong>of</strong> the supply.<br />
8. Transitional Issues<br />
Q29: Are contracts signed before the GST<br />
implementation liable for GST?<br />
A29: Taxable property completed <strong>and</strong> delivered<br />
after the GST implementation date is subject<br />
to GST even though the contracts were<br />
signed before the GST implementation date.<br />
Q30 In the case <strong>of</strong> property are contracts signed<br />
which span the transitional period (pre<strong>and</strong><br />
post-GST implementation date) liable<br />
for GST?<br />
A30: <strong>The</strong> value <strong>of</strong> the portion <strong>of</strong> property made<br />
available before GST implementation is not<br />
subject to GST. However the value <strong>of</strong> the<br />
property on the portion to be delivered after<br />
GST implementation date will be subjected to<br />
GST. In other words, for semi completed<br />
property (those under construction subject to<br />
periodic payment), GST is applicable only on<br />
the value <strong>of</strong> the portion made available after<br />
GST implementation date.<br />
Example 3:<br />
(Assumption: GST to be implemented on<br />
1 July 2011)<br />
KL Sdn Bhd signs a contract with JK Sdn Bhd<br />
to buy a commercial building. <strong>The</strong> contract is<br />
scheduled to begin on 16 July 2010 <strong>and</strong><br />
completed by 30 July 2011. Under the<br />
contract <strong>of</strong> agreement, KL Sdn Bhd will<br />
receive an amount as provided under the<br />
progress payment schedule. KL Sdn Bhd will<br />
invoice JK Sdn Bhd middle <strong>of</strong> each month. On<br />
15 July 2011, KL Sdn Bhd lodges a claim<br />
amounting to RM200,000.00 for value added<br />
to the building between 15 June to 14 July<br />
2011.<br />
<strong>The</strong> GST due for value added <strong>of</strong> building after<br />
GST implementation is as follows:<br />
GST = RM200,000.00 X 15/30 X 4% = RM4,000.00<br />
Total period involved in valuation = 30 days<br />
Period after GST implementation = 15 days<br />
For the period from 15 July till 30 July, that is<br />
the period during GST implementation, the<br />
total value <strong>of</strong> the remaining portion <strong>of</strong> the<br />
building delivered is subject to GST.<br />
Assuming the value is RM120,000, the GST =<br />
RM120,000 X 4% = RM4,800.00.<br />
Q31: What are the consequences if I do not make<br />
a provision to include the element <strong>of</strong> GST in<br />
my contract?<br />
A31: Failure to include the GST provision may<br />
make the developer unable to recover the<br />
GST from the client.<br />
Q32: Do I have to account for GST on property<br />
completed before GST era but sold only<br />
after GST era?<br />
A32: Property completed before GST<br />
implementation but sold only after GST<br />
implementation period will be subject to GST.<br />
Completed property refers to property issued<br />
with a Certificate <strong>of</strong> Practical Completion or a<br />
Certificate <strong>of</strong> Completion <strong>and</strong> Compliance.<br />
9. Other Issues<br />
Q33: Do I have to account for GST if my project is<br />
ab<strong>and</strong>oned?<br />
A33: During the period the project is ab<strong>and</strong>oned,<br />
you may not be making a taxable supply in<br />
respect <strong>of</strong> the ab<strong>and</strong>oned property <strong>and</strong><br />
therefore you do not have to account for GST.<br />
However, if you received any payment or<br />
issued any invoice during this period, you<br />
have to account for it. If you had issued a tax<br />
invoice <strong>and</strong> accounted for it but did not<br />
receive payment within 6 months, you can<br />
recover the GST as bad debt relief.<br />
Q34: I make payment to my contractor to<br />
compensate him for losses due to<br />
temporary suspension <strong>of</strong> work. Is the<br />
payment paid for temporary suspension <strong>of</strong><br />
work requested by me subject to GST?<br />
A34: Payment for compensation for losses to<br />
contractor due to temporary suspension <strong>of</strong><br />
work requested by you is not subject to GST.<br />
Q35: I supply materials <strong>and</strong> utilities <strong>and</strong> loan<br />
workers to contractors for use in my<br />
project. Can I contra the value <strong>of</strong> the<br />
materials, utilities <strong>and</strong> workers I supply to<br />
the contractor from value <strong>of</strong> the<br />
construction services supplied to me?<br />
A35: No. <strong>The</strong>se two are regarded as two different<br />
supplies. You have to charge GST for the full<br />
value <strong>of</strong> the materials, utilities, workers<br />
service you supply to the contractor. Similarly<br />
the contractor will have to charge you the full<br />
value <strong>of</strong> the construction services supplied to<br />
you.<br />
10. Further Assistance <strong>and</strong> Information<br />
For further assistance <strong>and</strong> information, please contact<br />
our <strong>of</strong>ficers at our GST <strong>of</strong>fice.<br />
ROYAL MALAYSIAN CUSTOMS<br />
GST Unit, Level 9 South<br />
Ministry <strong>of</strong> Finance Complexes<br />
Precinct 2<br />
62592 Wilayah Persekutuan Putrajaya<br />
Tel: 03-8882 2420<br />
Fax: 03-8882 2132<br />
THIS IS A DRAFT COPY AND IS SUBJECT TO<br />
FURTHER AMENDMENTS
Wilayah Persekutuan (KL) Branch<br />
REHDA Wilayah Persekutuan (KL) Branch<br />
held a discussion with Datuk B<strong>and</strong>ar Kuala<br />
Lumpur on 7th May 2010 at DBKL<br />
Headquarters, Kuala Lumpur to discuss<br />
current industry issues pertaining to the<br />
property sector. Y Bhg Datuk Seri Ahmad Fuad<br />
bin Ismail, Datuk B<strong>and</strong>ar Kuala Lumpur chaired<br />
the meeting which was attended by senior<br />
<strong>of</strong>ficials from the Ministry <strong>of</strong> Federal<br />
Territories & Urban Wellbeing, Pejabat<br />
Pengarah Tanah dan Galian Wilayah<br />
Persekutuan (PPTGWP), DBKL <strong>and</strong> REHDA WP.<br />
Some <strong>of</strong> the main areas <strong>of</strong> discussion include:<br />
• Improvement in DBKL OSC implementation<br />
<strong>and</strong> introducing OSC Online;<br />
• Improvement in the Planning Approval<br />
Applications process including hillslope<br />
development guideline, new Development<br />
Charge <strong>and</strong> procedures, new Kaedah 5 <strong>and</strong><br />
carpark requirements for developments<br />
near transit stations;<br />
May 2010<br />
date events date events<br />
4<br />
7<br />
10–11<br />
11<br />
12<br />
14<br />
18<br />
19<br />
MHLG – Meeting to Discuss “Projek Perintis Pelaksanaan<br />
Sistem Pengumpulan & Penggunaan Semula Air Hujan<br />
(SPAH)”. Attended by Ir Ng Lip Khong <strong>and</strong> En Muhammad<br />
Hanafi.<br />
Attorney-General’s Chambers – Workshop on Drafting <strong>of</strong><br />
Subsidiary Legislation. Attended by Datuk Ng Seing Liong, JP<br />
as panelist.<br />
KeTTHA – Bengkel Pelan Induk Kecekapan Tenaga Negara.<br />
Attended by Dato’ Ricque Liew Yin Chew <strong>and</strong> Ir Ng Lip Khong.<br />
Ministry <strong>of</strong> Foreign Affairs – Briefing with<br />
Non-Government Organisations <strong>and</strong> Civil Society<br />
Organisations on Civil Rights. Attended by<br />
En Muhammad Hanafi.<br />
PEMANDU – National Key Economic Activities (NKEA)<br />
Workshop. Attended by Dato’ Fateh Isk<strong>and</strong>ar, Pn Rusnani<br />
Abd Rahman <strong>and</strong> Ms Debbie Loh.<br />
EXCO Meeting.<br />
National Hydraulics Research Institute <strong>of</strong> Malaysia <strong>of</strong> the<br />
Ministry <strong>of</strong> Natural Resources <strong>and</strong> Environment – Workshop<br />
on River Reserve Zones in Malaysia. Attended by Mr Tiah<br />
Oon Ling.<br />
Building Management Association <strong>of</strong> Malaysia – Meeting <strong>of</strong><br />
the Protem Executive Committee. Attended by Datuk Eddy<br />
Chen Lok Loi.<br />
MHLG – SPAH Site Visit to B<strong>and</strong>ar Utama. Attended by<br />
Dato’ Ricque Liew, Mr Ng Lip Chong <strong>and</strong> Ir Ng Lip Khong.<br />
Discussion with Datuk B<strong>and</strong>ar Kuala Lumpur<br />
• Quality <strong>of</strong> building architecture in Kuala<br />
Lumpur including encouraging ‘Green<br />
Building’, ‘Connectivity’ between<br />
buildings, promoting Solid Waste<br />
Management System <strong>and</strong> beautifying<br />
‘River Corridors’;<br />
• Promote new development concept for<br />
shophouses;<br />
• Construction site operation hours;<br />
• Draft Kuala Lumpur City Plan 2020;<br />
• Review <strong>of</strong> Bumiputra quota policy <strong>and</strong><br />
release <strong>of</strong> unsold Bumiputra quota units;<br />
• Proposed equitable formula for share unit<br />
allocation for strata developments;<br />
• Proposed legislation for En-Bloc<br />
(Collective Sale)<br />
developments;<br />
• Application for<br />
Subdivision <strong>of</strong><br />
Interaction between Datuk<br />
B<strong>and</strong>ar Kuala Lumpur <strong>and</strong><br />
REHDA WP.<br />
19<br />
20<br />
21<br />
22<br />
24<br />
24–26<br />
25<br />
diary / branch news<br />
| 9<br />
Meeting with MASB <strong>and</strong> Malaysia Institute <strong>of</strong> Accountants on<br />
IFRIC 15. Attended by Mr Soo Chan Fai, Datuk Ng Seing Liong,<br />
Ms Wong Sheue Yann, Mr Shivan<strong>and</strong>ha Chellapah, Mr Soo<br />
Kok Wong, Ms Karen Seow, Mr Tang Kin Kheong, Mr Pascal<br />
Jauffret <strong>and</strong> Ms Sar Sau Yee.<br />
CIDB – Task Force Meeting on Green Technology for<br />
Construction Industry. Attended by En Wan Hashimi Albakri.<br />
JPBD – Expert Talk on Low Carbon Society for Built<br />
Environment <strong>and</strong> Green Technology. Attended by<br />
Mr Tan Ching Meng.<br />
National Council Meeting at Rehda Secretariat.<br />
Friendly Golf Dinner at Klang Seafood Restaurant,<br />
P<strong>and</strong>amaran, Klang.<br />
SPAN Meeting. Attended by Mr Ng Lip Chong, Mr S.<br />
Sivanyanam, Mr Tiah Oon Ling, Pn Rusnani Abd Rahman <strong>and</strong><br />
En Muhammad Hanafi.<br />
JPBD – NKRA Safe City: Committee Meeting <strong>and</strong> Workshop on<br />
House Security Features <strong>and</strong> Crime Prevention Checklist<br />
Through Environmental Design (CPTED). Attended by<br />
En Shahar Mohd Shah from Sime Darby Properties Sdn Bhd,<br />
Pn Rusnani Abd Rahman <strong>and</strong> Mr Soon Teck Giap from REHDA<br />
Wilayah Persekutuan (KL).<br />
MPC – Focus Group Meeting on Registering Property.<br />
Attended by Dato’ Ricque Liew Yin Chew.<br />
Building (Strata Application) prior to<br />
Building Plan approval <strong>and</strong> upfront<br />
payment <strong>of</strong> strata application fees to<br />
Board <strong>of</strong> L<strong>and</strong> Surveyors;<br />
• Proposed Briefing <strong>and</strong> Site Visits to<br />
Development Projects in Kuala Lumpur;<br />
<strong>and</strong><br />
• Proposed Official Study Visit between<br />
DBKL <strong>and</strong> REHDA WP.<br />
<strong>The</strong> Branch continues to hold regular<br />
dialogues with the Ministry <strong>and</strong> its Agencies to<br />
enhance their public delivery service system<br />
towards its vision <strong>of</strong> becoming a World-Class<br />
nation by the year 2020.n
10 | announcement / rehda institute<br />
, continued from page 3<br />
SELANGOR: Bumiputera Defined<br />
3.2.4.3 Anak daripada mana-mana penyatuan antara<br />
seorang perempuan orang asli dengan seorang<br />
lelaki daripada suatu kaum lain, dengan syarat<br />
bahawa anak itu lazimnya bercakap bahasa orang<br />
asli, lazimnya mengikut cara hidup orang asli dan<br />
adat dan kepercayaan orang asli dan masih lagi<br />
menjadi anggota suatu masyarakat orang asli.<br />
3.3 Sehubungan itu, criteria bagi individu yang boleh dipertimbangkan<br />
ialah:<br />
3.3.1 Sekiranya pembelian secara tunggal, pemohon adalah<br />
berketurunan Melayu, anak Negeri Sabah/Sarawak atau<br />
orang Asli Semenanjung Malaysia;<br />
3.3.2 Sekiranya pemohon tidak memenuhi kelayakan sebagai<br />
Bumiputera, ibu atau bapa pemohon atau sekiranya perlu,<br />
datuk atau nenek atau moyang pemohon, adalah<br />
berketurunan Melayu, anak Negeri Sabah/Sarawak atau<br />
orang Asli Semenanjung Malaysia;<br />
3.3.3 Sekiranya pembelian secara bersama, suami/isteri adalah<br />
berketurunan Melayu, anak Negeri Sabah/Sarawak atau<br />
orang Asli Semenanjung Malaysia;<br />
3.3.4 Sekiranya pemohon lahir di luar Negara, pemohon adalah<br />
warganegara Malaysia dan ibu atau bapa atau suami/isteri<br />
adalah berketurunan Melayu, anak Negeri Sabah/Sarawak<br />
atau orang Asli Semenanjung Malaysia.<br />
3.4 Kriteria bagi syarikat yang boleh dipertimbangkan selaras dengan<br />
Surat Pekeliling Perbendaharaan Bil. 4 Tahun 1995 ialah dengan<br />
memenuhi kesemua syarat-syarat berikut:<br />
3.4.1 Majoriti atau sekurang-kurangnya 51% daripada pemilik<br />
saham syarikat dimiliki oleh Bumiputera di mana pemilikan<br />
saham individu Bumiputera hendaklah melebihi saham<br />
individu bukan Bumiputera;<br />
3.4.2 Majoriti atau sekurang-kurangnya 51% daripada ahli<br />
Lembaga Pengarah syarikat terdiri daripada individu<br />
Bumiputera;<br />
3.4.3 Majoriti atau sekurang-kurangnya 51% daripada pekerja<br />
syarikat hendaklah terdiri daripada individu Bumiputera;<br />
3.4.4 Jawatan Ketua Eksekutif, Pengarah Urusan atau Pengurus<br />
Besar dan jawatan-jawatan penting lain (key post)<br />
hendaklah dipegang oleh individu Bumiputera;<br />
3.4.5 Pengurusan Kewangannya hendaklah dikuasai oleh majoriti<br />
Bumiputera; dan<br />
3.4.6 Carta organisasi dan fungsi pengurusan syarikat hendaklah<br />
menunjukkan penguasaan sepenuhnya oleh Bumiputera;<br />
3.5 Bagi tujuan permohonan, senarai semak adalah seperti di<br />
LAMPIRAN A dan B.<br />
3.6 Sekiranya permohonan diluluskan, pemohon adalah layak<br />
memiliki hartanah di bawah kuota Bumiputera di Negeri Selangor<br />
dan kelulusan tersebut tidak dengan sendirinya mengiktiraf<br />
pemohon sebagai Bumiputera.<br />
4. Tarikh Kuatkuasa dan Pemakaian<br />
4.1 Pekeliling ini berkuat kuasa pada tarikh ia dikeluarkan.<br />
(DATO’ ABD NASIR BIN HASSAN)<br />
Pengarah Tanah dan Galian<br />
Negeri Selangor Darul Ehsan<br />
Bertarikh: 22 Mac 2010<br />
Nota:<br />
* Lampiran A dan B boleh diperolehi dari Pejabat Pengarah Tanah dan<br />
Galian, Negeri Selangor Darul Ehsan.<br />
REHDA Property Leader Forum 2010<br />
rehda Property Leader Forum was held on 23 to 24 April 2010 at Sunway<br />
Resort <strong>and</strong> Spa, Subang Jaya. <strong>The</strong> forum was <strong>of</strong>ficiated by the then Minister<br />
<strong>of</strong> <strong>Housing</strong> <strong>and</strong> Local Government, YB Dato’ Sri Kong Cho Ha.<br />
<strong>The</strong> forum was well attended by 110 delegates from various developer<br />
companies <strong>and</strong> featured several prominent speakers such as Matthias<br />
Gelber, Dato’ Dr Ken Yeang,<br />
Senator Dato’ Abdul Rahim Abdul<br />
Rahman among others.<br />
Several papers pertaining to<br />
property market including green<br />
<strong>and</strong> sustainable building, impact<br />
<strong>of</strong> high income economy on<br />
property industry trends <strong>and</strong> the<br />
property market outlook were<br />
presented during the forum.<br />
Green Solutions for Property Development<br />
Conference 2010 (GSPD 2010)<br />
the Green Solution for Property Development Conference was organised on<br />
17 May 2010 at Sime Darby Convention Centre by Earoph Malaysia <strong>and</strong> REHDA<br />
Institute; <strong>and</strong> co-organised by Sime Darby Property Bhd. <strong>The</strong> conference was<br />
<strong>of</strong>ficially launched by YB Dato’ Seri Kong Cho Ha, the then Minister <strong>of</strong><br />
<strong>Housing</strong> <strong>and</strong> Local Government.<br />
<strong>The</strong> conference attracted a total <strong>of</strong> 328 participants <strong>and</strong> exhibitors. <strong>The</strong><br />
conference started with the multimedia presentation to raise awareness <strong>of</strong><br />
the effect <strong>of</strong> climate change due to the release <strong>of</strong> green house gas. A number<br />
<strong>of</strong> prominent speakers presented their papers including Matthias Gelber: the<br />
greenest man <strong>of</strong> the planet (2008), Ar Jason Pomeroy, Ar Dr Tan Loke Mun<br />
<strong>and</strong> several other industry consultants.<br />
<strong>The</strong> conference was Malaysia's first carbon neutral property development<br />
conference <strong>and</strong> the organisers had taken steps to ensure the conference<br />
achieve its carbon neutral target. <strong>The</strong>se included carpooling by delegates,<br />
paperless conference notes, a bulb-exchange program to replace inefficient<br />
energy bulbs at participants’ homes <strong>and</strong> several other related activities.<br />
<strong>The</strong> conference also recorded its own history with a live webcast to<br />
participants from Penang, Malacca, Indonesia, Japan <strong>and</strong> middle East, thanks<br />
to technology providers, Cisco <strong>and</strong> Sime Darby IT.<br />
REHDA Institute <strong>and</strong> Danajamin Talk<br />
rehda Institute <strong>and</strong> Danajamin Nasional Berhad (Malaysia’s first Financial<br />
Gurantee Insurer) hosted a luncheon talk on 24 May 2010 at Sime Darby<br />
Convention Centre.<br />
<strong>The</strong> talk themed, “Danajamin: Your Source to Alternative Financial”, was<br />
attended by 22 participants to register for the talk. Danajamin’s Chief Executive,<br />
Mr Khoo Boon Hock, had briefed participants on how to qualify for<br />
Danajamin’s guarantee to raise bond to finance property development<br />
projects.n