The Star again successfully organized it's 12th property fair in G hotel and Gurney Plaza. I was looking forward towards the event as I thought it would develop much of my insight on new housing developments in Penang. However, it was more towards property for the investors as well as for the high end home seekers. Fortunately, there were many talks on various topics on property which really attracted my interest.
I was fortunate to be able to learn about Green Architecture in Feng Shui presented by Master David Koh. The talk was about how to utilise space and live with nature while at the same time developing housing areas which are nature friendly. For instance, what are the best angles of the slope that a house can be built, how do we do town planning with regards to the river flow, how the wind direction determines the structure of a high rise buiding etc. In this picture above, he was illustrating about space and designs of a house. You could read more on green buildings here.
The golden proportion on how to design one's house.
Application of the golden rule on the floor plan
I also had to chance to learn about the effects of GST on property prices. The talk was delivered by accountant Richard Oon who spoke about the GST registered and non GST registered companies.
The slide which portrays the simple concept of GST in business
To sum it up, developers would have to increase the prices of the properties once GST is implemented since they cannot collect GST from the raw materials. As a result, the person at the end of the line, which would be the customer, has to absorb the increased cost of materials by paying more for the required property. (Raw materials would be taxed 5%).
As the fair progresses into it's third day today, I will be certainly looking forward to more of the talks that will surely benefit me in the future. The talks are FOC anyway, so why should I miss them =)
yikping
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