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Buying a property with tips and guides (Updated 3.9.2007)

Must read for first time home buyers and investors
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How to get refund of property assessment

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Issues on high rise strata buildings / impact of new legislation on stratified property owners

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Refund of Assessment Rates For Vacant Premises

In accordance to Section 162, Local Government Act 1976, the owner of new houses/shops with certificate of fitness obtained but remain unoccupied can apply for refund of a portion of assessment rates paid for his/her premises which has been vacant of not less than one calendar month of the relevant half year. However, he/she is required to notify the local municipal council namely Majlis Perbandaran Pulau Pinang (MPPP) for Penang Island and Majlis Perbandaran Seberang Perai (MPSP) for Seberang Perai and submit application form with attached documents and receipts that fulfill the requirements for refund of assessment rates.

Assessment rates must be paid twice in a year ie in January and July. Refund/Remission of assessment rates are being processed as follows:-

First Half of the calendar year (1 Jan - 30 June )
Second Half of the calendar year (1 July - 31 December )

Conditions for the Application of Refund/Remission of assessment rates for vacant premises

Notice in writing to notify valuation department of local municipal council within 7 days of the commencement of vacancy.

The building is vacant and no rent is payable for a period exceeding one month.

You are required to show proof that the building is in good condition and fit for occupation and reasonable efforts have been made :-

  1. put up a " To Let" poster on the vacant premises concerned (with photograph as proof);
  2. advertise in the local newspaper to attract prospective tenant (with paper cuttings and payment invoice as proof );
  3. appoint a Licenced Real Estate Agent to secure a tenant with a copy of appointment/confirmation letter obtained from the Real Estate Company as proof )
Dear vacant house/shop owners, as a Licenced Real Estate Agency In Penang, we are pleased to assist you to market your premises in order to secure a tenant or a buyer. We can help you to get rid of the hassle or trouble of doing those things as mentioned above as required by the Council for purposes of applying for rebate of assessment. Upon receiving your instructions, an appointment or confirmation letter can be issued to you to comply with the Council's requirement. Call us now at 04-6588333.

To vacant house/shop owners in Penang Island
Now, you can get the following form and info relating to refund of assessment rates through I & T website;

  • Download application form
  • Check house assessment
  • More info about property assessment

To vacant house/shop owners in Seberang Perai
Now, you can get the following form and info relating to refund of assessment rates through I & T website;

  • Download application form
  • Check house assessment
  • More info about property assessment
FEATURED PROPERTY
Penang Properties
For Sale / To Let
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Tanjung Beach Condo
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Rental -RM4,500 pm
Sale - RM1,200,000


Bayswater
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Rental - RM3,000 pm
Sale - RM450,000


Marina Bay
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Rental -RM2,000 pm
Sale - RM350,000


Seri Tanjung Pinang
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Rental - RM4,500 pm
Sale - RM950,000


Park View @ Harbour Place
Best Condo In Butterworth
Rental - RM700 pm Vacant
Rental - RM1,500 pm Fully Furnished


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Webcam - avoid traffic jam on penang bridge

Realtime Image

By PBSB/Uembuilders
(req. high speed internet connection)

Browse aerial view of Penang

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Mainland (Seberang Perai)

Penang Properties
PRIME SHOP/OFFICE AT BUTTERWORTH TOWN FOR SALE
· 6 units of 4/S shopoffices
· L/A 7,660 sf
· B/U 32,780 sf
· Easy access to BORR / NS highways
Suitable for corporate office/Showroom etc
Price RM3.5 Mil
Contact +6012-4285453

More details... click here

Taman Kristal
Penang Properties
2.5 storey Luxury SD
House at Bukit Tengah
near North-South Highway
Juru Interchange
Free hold
gated community with security
more details