Please do sign up & join the BASRA Guarded Scheme. Let us be good neighbors & make our Burhanuddin-Athinahapan Area a safer & more secure neighborhood. Contact your STREET REPRESENTATIVES now. FYI - these Streets Reps are volunteering their time & energy for us all. Please email ttdisecure@yahoo.com for more details.

Thursday, March 4, 2010

Gated & Guarded Community - Malaysia

by Stanley Gabriel
The author is the Head of the Conveyancing Department in Messrs Jayadeep Hari & Jamil. Having been in legal practice for over 12 years, he has vast experience in matters concerning real estate and probate.

The development of gated and guarded community schemes in Malaysia now seems to be part of the features of the housing industry. It is undoubtful that most of these schemes are of the high cost residential types that will be attractive to developers due to higher returns and the increasing demand from the market, especially in the urban areas like Kuala Lumpur, Shah Alam, Penang and Johore Bahru.

Finally, it must be understood and appreciated that all purchasers of houses in a gated and guarded community will have to pay considerably higher charges for the maintenance, sinking fund, security fees, electricity and water and other services because the cost of all facilities within the boundary of gated and guarded community will have to be borne by them in addition to the usual quit rent and assessment rates levied by the local authorities.


To read the entire article, click http://www.hg.org/article.asp?id=6220