Liberalisation & New Scale of Fees for Property Professionals - Seminar by BOVAEA

Dear All,

This blog post is for the information of Malaysian real estate professionals.

You may want to know that the Board of Valuers, Appraisers & Estate Agents of Malaysia (a.k.a BOVAEA / Lembaga Penilai, Pentafsir & Ejen Hartanah Malaysia / Lembaga) will be holding a talk on "Amendments to The Scale of Fees & Liberalization of The Property Sector" as follows:

* Date: Oct 6, 2009 (Tues.)

* Time: 8:30am - 12 noon

* Venue: Istana Hotel, Ballroom Level, Bilik Mahkota 1

* CPD Hours: 3 CPD hours

* Fee Payable: RM150.00

* Payee: Board of Valuers, Appraisers & Estate Agents of Malaysia

All registrants (i.e. registered estate agents (REAs), registered valuers & appraisers; probationary estate agent (PEAs), probationary valuers & appaisers) are encouraged to attend by the Lembaga through a circular sent out recently.

You may also visit the official website of the BOVAEA for its registration details.

Regards,
Douglas GT Tan

Costs-Saving for Malaysian REAs Who Run 1-Man or Small Agencies

Hi Malaysian REAs (Who Operate 1-Man or Small Estate Agencies),

Greetings to you.

To run a small or 1-man estate agencies, a REA or realtor probably incurs RM3,500 to RM5,000 per month just to pay office rental and admin. salary - not to mention minimum charges for tele-communication, electricity, etc. Annually, he/she pays about RM50,000 - RM80,000 to run a small set-up.

If his/her annual revenue is less than RM250,000, this means he/she gets less than 80% for every deal he/she or his/her Negotiators closes! When times (or luck?) are bad, he/she still has to pay that RM5,000 pm even though the income was ZERO for that month! This is certainly no good for any REA!

So, what if there is a "win-win" costs-saving cooperative package:
* that can relieve you from paying monthly office rentals and admin salaries totally;
* that can earn you more % commission than you currently do for every deal closed by you - i.e. after deducting overheads;
* that can help you to recruit & train your quota of Negotiators - a constant problem for small or 1-man agency;
* that can pays your quota of Negotiators their basic salaries, EPF & Socso - you'll be amazed how this is possible;
* that can earn you over-riding leadership fee over the deals closed by the Negotiators supervised by you?

Wouldn't that be an interesting business model that you would want to know more? If so, pick up the phone, sms or call me immediately. Even those with differences of opinions previously may respond: Afterall, it's business! No historical differences is ever kept in my heart!

To recap, the package will benefit you IF:
* you are currently operating a real estate agency firm with no or few performing Negotiators;
* your firm's current overheads are, on average, eating up more than 20% of your revenue;
* after deducting the overheads, you are on average left with less than 80% of the commission for every deal closed;
* your monthly overheads are quite a nuisance to you;
* you do not see yourself recruiting more than 5 performing Negotiators for your firm in the foreseeable future;
* you do not mind teaming up with other REAs on a cooperative package:
# that relieves you from paying major monthly operational overheads;
# that earns you more % commission than your current firm is getting on average for every deal closed.

You lose nothing by holding the discussion with me - in fact, you have everything to gain. There were enquiries from as far as Kota Kinabalu in response to my first invitation. My 2nd invitation has resulted in promising discussions with some in Klang Valley who will follow up on the discussions with visits to my office next week.

There is no deadline to this invitation.

Bear this invitation in mind: You don't have to stop practising and/or start working for other REAs as a Negotiator when times are bad (or Negotiators are hard to recruit after law-breaking agencies offer them as high as 90%)! Always bear this in mind - that there is another platform available for you to continue practising estate agency profitably and honourably as a REA with minimal financial burden and no longer in a 1-man set-up.

Call me for a discussion when you are ready as some have already done. Let's gang-up to do business together lawfully!

I can be reached at 012-288 6993; or email: tanhalim1@... (yahoo dot co dot uk). All appointments and discussion will be in strict confidence (Currently, REAs in Klang Valley are most welcome).

Thank you.

With best regards,
Douglas GT Tan (E 1579)
CEO/Proprietor

GT REALTY
22-B (2nd Floor), Jalan 19/36,
46300 Petaling Jaya,
Selangor.

Tel: 03-7958 8821 / 012-288 6993
Fax: 03-7958 7821

Top Property Agent Hit by Woman with High Heel Shoe

Dear Readers,

A Malaysian daily has reported that a video clip of a top property agent being hit repeatedly at the groin by a young woman is in hot circulation in the blogosphere -- this should be news-worthy to readers of any blog on real estate agency or property marketing such as this blog.

To watch the youtube video, click this:


To read about the news in the Malaysian daily, click this link.

You will note from the "p/s" note below that the man was said to be a top property agent in Singapore and the young woman was working as an admin assistant in the same firm not too long ago.

Leave some comments, if you wish.

Regards,
Douglas GT Tan

(P/s: The man was reported in some Singapore blogs (http://agnestansingapore.blogspot.com) to be a successful property agent in Singapore with about 100 sales assistant under his supervision and the young girl was a former administrative assistant of his firm.)

Invitation to Malaysian Registered Real Estate Agents (REAs)

To: ALL Malaysian REAs (Who Operate 1-Man or Small-Size Estate Agencies)

(KL, 1.9.2009): If you are currently running a one-man or small-size real estate agency firm, this invitation is for you.

It is an invitation for a discussion on a "win-win" cooperative package:
* that would relieve you from paying monthly overhead expenses - office rentals, admin salaries, etc.;
* that would earn you more % commission than you currently do for every deal closed by you - i.e. after deducting overheads;
* that would help you to recruit & train your quota of Negotiators - a constant problem for 1-man agency;
* that would pay your quota of Negotiators their basic salaries, EPF & Socso - you'll be amazed how this is possible;
* that would earn you over-riding leadership fee over the deals closed by the Negotiators supervised by you!

The discussion will benefit you IF:
* you are currently operating a real estate agency firm with no or few performing Negotiators;
* your firm's current overheads are, on average, eating up more than 20% of your revenue;
* after deducting the overheads, you are on average left with less than 80% of the commission for every deal closed;
* your monthly overheads are quite a nuisance to you;
* you do not see yourself recruiting more than 5 performing Negotiators for your firm in the foreseeable future;
* you do not mind teaming up with other REAs on a "win-win" cooperative package:
# that relieves you from paying any operational overheads;
# that earns you more % commission than your current firm is getting on average for every deal closed.

There is no deadline to this invitation. You lose nothing by holding the "P&C" discussion - in fact, you have everything to gain. There were enquiries from as far as Kota Kinabalu in response to my first invitation. This is the 2nd invitation.

As Dec. approaches and, more and more financial results are known, bear this invitation in mind - you don't have to stop practising and/or start working for other REAs as a Negotiator. No, you are a REA - bear in mind: that there is another platform available for you to continue practising estate agency profitably and honourably with minimal financial burden and no longer in a 1-man set-up.

When you are ready for the discussion, I can be reached at 012-288 6993; or email: tanhalim1@... (yahoo dot co dot uk). All appointments and discussion will be in strict confidence (REAs in Klang Valley are most welcome currently).

Thank you.

With best regards,
Douglas GT Tan (E 1579)
CEO/Proprietor

GT REALTY
22-B (2nd Floor), Jalan 19/36,
46300 Petaling Jaya,
Selangor.

Tel: 03-7958 8821 / 012-288 6993
Fax: 03-7958 7821

Blog: http://PropertyMarketingMsia.blogspot.com

..................................................................................................................................................
1st Invitation (now superceded by 2nd. Invitation):

"Dear Respectable Malaysian Registered Estate Agents (REAs),

As part my firm's expansion plan, I'm looking forward to meeting up with Malaysian REAs who meet the following criteria for 'Private & Confidential' ('P&C') discussions on a cooperative package:
* that no longer requires you to shoulder any overhead expenses;
* that earns you more % commission than currently for every deal closed by you or the Negotiators under your supervision;
* that helps you to recruit & train your quota of Negotiators;
* that pays the Negotiators recruited and trained for you their basic salaries, EPF & Socso;
* that earns you over-riding leadership fee over the deals closed by the Negotiators under you.

The Malaysian REAs I'm looking to meet up with should meet the following criteria:
* That you are currently operating a real estate agency firm with no or few performing Negotiators;
* That your firm's current overheads are, on average, eating up more than 20% of your revenue;
* That after deducting the overheads, you are on average left with less than 80% of the commission for every deal closed;
* That the monthly overheads are quite a nuisance to you;
* That you do not see yourself recruiting more than 5 performing Negotiators for your firm in the foreseeable future;
* That you do not mind teaming up with other REAs on a "win-win" cooperative package:
# that relieves you from paying any operational overheads;
# that earns you more % commission than your current firm is getting on average for every deal closed.

If you meet the above-stated criteria, you won't lose anything - in fact, you have everything to gain by setting aside 1 hr or so to meet me next week on P&C basis.

I can be reached at 012-288 6993; or email: tanhalim1@.... All appointments and discussion will be done in strict confidence - so, be assured. This scheme is only for REAs who meet the above criteria.

Thank you & best wishes.

Regards,
Douglas GT Tan (E 1579)
CEO/Proprietor

GT REALTY
22-B (2nd Floor), Jalan 19/36,
46300 Petaling Jaya,
Selangor.

Tel: 03-7958 8821 / 012-288 6993
Fax: 03-7958 7821"

To Let: Nicely Furnished Windsor 3-Roomed Apt at Up Market Sri Hartamas

Dear Readers,

If you or or friends are looking to rent a 3-bedroomed plus 1 utility/maid's room apartment at upmarket Sri Hartamas or Mont Kiara area, consider this one:

* Location: Windsor, Sri Hartamas;

* Size: 1220 sf (we have unfurnished units for sale too)

* No. of Rooms/Bathrooms: 3+1r/2 baths

* View: Clear Mont Kiara View

* Condominium Facilities: Swimming pool; reflexilogy wading pool; squash court; children playground (indoor and out door); aerobic cum exercise room; well-equipped gymnasium;
barbeque area; snooker room; karaoke room; movie room; jacuzzi; massaging jets; 24-hour tight security; security access cards; connected at 5th level to Plaza Damas where you have access to a wide array of amenities - banking, healthcare, enterntainment, foods of all cuisines and nationalities, spas, skin care and beauty, groceries, bakeries and you name them...

* Rental: RM4000 per month onwards (depending on additional items requested - plasma TV, etc.)

*For more info & enquiries, please call: 012-288 6993

Regards,
Douglas GT Tan (E 1579)

For Sale: 2-Storey Bungalow at Sec 19, Petaling Jaya

Dear Readers,

Petaling Jaya (8.8.2009, 4:15pm):

If you are familiar with Sec. 19 Petaling Jaya, you will probably know that there have quite a bit of development activities going on in the locality in the last 1 or 2 years.

What about in the next 1 or 2 years to come? What will be the other development activities in the pipeline? How will all these impact on the values of real estate there?

Now, if you are serious investor looking for some good investments or lawyers or accountants currently in leased offices, I would like to invite you to take a closer look at some real estate in Sec 19, Petaling Jaya, particularly those which are currently residential but has commercial potential and/or may be turned into, say, home-offices of professionals such as lawyers, accountants, etc.

What about this real estate along Jalan 19/22, Section 19 Petaling Jaya?

* A 2-Storey Bungalow

* Land Area: 6960 sf (646.61 sq. m)

* Built-up Area: 3,410 sf (316.80 sq. m)

* Plot Dimension: 60 ft x 116ft (rectangular and flat)

*Tenure: Freehold

* No. of Rooms/Baths: 6 + 2r/4b

* Facing: South, Open Field / Playground

* Car-parking: Spacious car-porch (can park 4 or 5 cars); no "no-parking single or double line(s)" for the road in front of this property

* Conditions: With approved extensions; building surrounded by well-kept lawn; interiors are well maintained; even the roof tiles have been changed before - absolutely no leakage!

* Convenience: Located in the intellectual centre of the country with ample banking, medical, entertainment and a wide array of public amenities; some of the best schools in the country as well as shopping centres such as Tropicana City Shopping Mall and the vibrant SS2 shooping hub is just a few minutes away...

* Unbelievable Price: RM 1.38 million (< RM200 psf)

* My Comments:
If you check on the adverts of other comparable landed properties in the locality and the neighbouring, you will know that the price of this piece of real estate is the most value for money which you must not overlooked - more so, in view of the ongoing and upcoming development activites in Sec 19, Petaling Jaya which can impact positively on the capital value of this and other properties in the locality.

What more if you are lawyers and accountants buying for home-office use: What you would have paid as rentals with no ownership value for offices will now be payments towards full ownership of a piece of real estate which you can now occupied as home as well as home-office - with great capital gain potential in years to come!

Hurry, for more info or viewing, call me at: 012-288 6993

With warmest regards,
Douglas GT Tan
CEO/Proprietor

GT Realty [E (3) 0698]
22-B (2nd Floor), Jalan 19/36
46300 Petaling Jaya
Selangor

Tel: 03-7958 8821 / 012-288 6993
Fax: 03-7958 7821

Email: tanhalim1@gmail.com; tanhalim1@yahoo.co.uk

Windsor Apartments Wanted by Buyers!

Dear Readers,

If you happen to know of any owners of Windsor apartments wanting to sell theirs, we have quite a number of buyers looking to buy them as follows:

* 640 sf, 1-roomed with car park, any facing - wanted by a lady buyer with a budget up to RM320,000.00;

* 1230sf, corner unit with car park , facing KLCC or Palace view - wanted by an expat with a budget around RM500,000.00;

* 500 sf, studio with car park, any facing - wanted by an investor willing to pay up to RM280,000.00;

* 1230sf, on low floors, facing swimming pool, with car park - wanted by a lady buyer willing to pay RM500,000.00;

* 1230sf, corner unit, facing Mont Kiara, 20th floor and above, with car park - wanted by 2 separate lady buyers with budget up to RM550,000.00;

* 1220sf, facing pool on 8th to 10th floor, with car park - wanted by a buyer willing to pay up to RM488,000.00;

* Any tenanted units at Windsor or Wardolf with gross rental return of 7.5% or more with a price tag of about RM600,000.00

For price comparisons, recent sub-sales (since May 2009) at Windsor by GT and others were:

1) 500sf, studio, nicely furnished, on the 8th floor, best pool view and nice KLCC view from the balcony, with 1 car park lot: sold by GT with Jynet of RF, RM308,000.00 (RM616psf);

2) 640sf, vacant and unfurnished, on the 11th floor, facing Dorchester or Sri Hartamas housing estate, with 1 car park lot: sold by GT for Indonesian Owners, RM280,000.00 (RM437.5psf);

3) 1230sf, vacant and unfurnished, corner unit, on the 8th floor, great pool view and KLCC view from balcony, all rooms well-lit by natural lighting, with 1 car park: sold by GT with Ng of JV, RM500,000.00 (RM406.5psf);

4) 1220sf, vacant and unfurnished, on 8th floor, great pool view and KLCC view from the balcony, with 1 car park: sold by a competitor, RM485,000.00 (RM397.5psf) - GT's offer of RM488,000.00 came 3 hours late!

5) 1230sf, vacant and unfurnished, on 11th floor, good pool and KLCC view from balcony, no car park, sold by another: RM495,000.00 (RM402.4psf) ;

6) 1230sf, vacant and unfurnished, on 19th floor, pool and KLCC view from balcony, no car park, sold by another: RM500,000.00 (RM406.5psf);

7) 1230sf, vacant and unfurnished, on 18th floor, good pool and KLCC view from balcony, with 1 car park lot, sold by GT: RM540,000.00 (RM439psf)

Owners from Malaysia, Indonesia, Hong Kong, Singapore, China, Europe, Britain, America and everywhere else are welcome to list your Windsor, Wardolf & Dorchester apartments for sale with us.

Regards,
Douglas GT Tan
GT REALTY
22-B (2nd Floor), Jalan 19/36
46300 Petaling Jaya
Selangor
Malaysia

Tel: 603-7958 8821 / 6012-288 6993
Fax: 603-7958 7821
Emails: tanhalim1@gmail.com; tanhalim1@yahoo.co.uk