The Star Online: Business
The Star Online: Business |
- SPK Homes Explores New Development Possibility With 50 Residensi
- Cautious start for KLCI on Ukraine tension
- US, Singapore agreement on tax evasion
| SPK Homes Explores New Development Possibility With 50 Residensi Posted: 05 May 2014 06:47 PM PDT SHAH ALAM: SPK Homes is a recognized and respected name in Malaysian property development for their visionary outlook in embracing new challenges. With over 15 years of experience, their collective projects have spanned over 3,128 acres of land, encompassing Ambangan Heights in Sungai Petani, Sunway SPK Damansara and Bandar Sri Manjalara. One of their latest endeavours, Cahaya SPK, is a distinguished resort township sprawled over 500 acres of natural topography. As seen on Propwall, the upcoming township with 12-year development plan will have over 4,000 residential and commercial properties once completed. Cahaya SPK is designed to embody the concept of Tropical Resort Living environment, with unspoilt natural terrain that caters to modern and healthy living. One of these defining features is the unparalleled 78 acres of beautiful lake and parks. A generous 3.2-kilometre long jogging path winds around the township's lake and through scenic garden parks. Residents have both the laid-back choice to use this path to enjoy a healthier lifestyle and to soak in the delightful views during leisure strolls. Cahaya SPK Resort Club, a full-fledged 38,000 sf clubhouse, offers a variety of dining, wellness and recreational activities to interested individuals. This includes a an Olympic-length swimming pool, fully-equipped gym, children's fun pool, multipurpose hall, tennis courts, squash courts and more. In addition to the all-natural greenery and leisure amenities, an 11-acre commercial centre is planned to cater to the daily necessities of the residents. Cahaya SPK is well connected to urban conveniences, such as Plaza Jelutong, Giant Shah Alam, Tesco Shah Alam while golf clubs such as Monterez golf club and KGSAAS is just short drive away. A dedicated direct flyover, which is connected toward Cahaya SPK from the Batu Arang Highway, has seen the ease of traffic flow for its residents and visitors. Nearby townships and cities are accessible via the Guthrie Corridor Expressway (GCE), Shah Alam-Batu Arang Highway, Federal Highway and NKVE (via Batu Tiga). The proposed and upcoming Damansara-Shah Alam Elevated Expressway (DASH) will further interconnect Cahaya SPK to more places such as Subang Airport, Mutiara Damansara and even Mont' Kiara in only 17 minutes. 50 Residensi, the highly anticipated and latest phase developed in Cahaya SPK, is poised to meet the popular demand for quiet city neighbourhoods. Perched atop an undulating terrain with scenic views of the entire township and beyond, 50 Residensi offers exclusivity and privacy with low-density living totalling only 50 residences. As concerns for personal safety have gone through the roof in this generation, 50 Residensi views its security seriously. This is fulfilled with the multi-tiered Security Features that include perimeter fencing with CCTV, intercom and Central Monitoring System (CMS) linked to the guardhouse, barrier gates with card access at the main entrance, and more. Three ultra-modern home designs with minimum built up area of 2,476sq.ft. are offered to the potential home owners of 50 Residensi: 2-Storey Superlink, 3-Storey Superlink or 3-Storey Semi-Detached. A luxury rooftop garden and double volume ceiling is exclusively available to selected units. All in all, 50 Residensi offers a daily breather for its home owners - a much-needed break from the surrounding hustle and bustle of city and work life in a natural sanctuary. Raising families in a private environment -safe from heavy traffic and other manmade dangers- while preserving the community aspect of the neighbourhood are the aspiration of many, and this can be assuredly realised within the embrace of 50 Residensi. 50 Residensi units are selling from RM 909,000 onwards, with an expected date of completion by 2016. |
| Cautious start for KLCI on Ukraine tension Posted: 05 May 2014 06:37 PM PDT KUALA LUMPUR: The FBM KLCI opened Tuesday in the red before rising more than three points, as investors were cautious on Ukraine's uncertain political crisis. At 9.16am, the KLCI was up 3.61 points to 1,864.15. Turnover was 187.25 million shares valued at RM74.28mil. There 197 gainers, 103 down and 213 counters unchanged. Reuters reported US stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since late 2012. It said limiting the day's gains, however, were concerns over an escalation of tensions between Ukraine and pro-Russia separatists. Ukrainian forces were ambushed by separatists, triggering heavy fighting on the outskirts of the rebel stronghold of Slaviansk, a day after a Ukrainian police station in Odessa was stormed. At Bursa Malaysia, United Plantations rose 20 sen to RM25.70, TimeCom 15 sen to RM4.20 and Nestle 12 sen to RM69.10. Pestech rose eight sen to RM4.67 and PetDag six sen to RM30.28. Decliners were PetGas, down 18 sen to RM23.34, HLFG eight sen to RM15.02 and Amway four sen to RM11.86. PresBhd fell five sen to RM1.95. |
| US, Singapore agreement on tax evasion Posted: 05 May 2014 06:05 PM PDT WASHINGTON: Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, a U.S. Treasury Department spokeswoman said on Monday. Set to take effect on July 1, the Foreign Account Tax Compliance Act of 2010 (FATCA) will require foreign banks, investment funds and insurers to hand over information about Americans' accounts that have more than $50,000 to the U.S. Internal Revenue Service. Foreign firms that do not comply face a 30 percent withholding tax on their U.S. investment income and could effectively be frozen out of U.S. capital markets. The Singapore deal, known as an intergovernmental agreement, was expected for more than a year and is significant because it broadens FATCA's dragnet to a major Asian financial center, sources have said. Like most of the other FATCA deals, the Singapore agreement will allow Singapore firms to report U.S. account-holder information to their local tax authority, which will send it along to the IRS. The Singapore deal was agreed "in substance" and must be finalized by the end of the year. Financial firms in countries that have not reached a FATCA pact must report directly to the IRS and risk violating local privacy laws. More than 60 IGAs have been negotiated to date, including deals with Indonesia, Peru and Kuwait announced in recent days, according to the Treasury Department's website. FATCA was enacted after a scandal involving Americans hiding money in Swiss bank accounts.- Reuters |
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