Wednesday, October 17, 2012
Wednesday, October 10, 2012
Friday, September 7, 2012
AIRPORT MALL UNITS FOR RENT
Aaryan - 8812301/8838013
aaryan.property.investor@gmail.com
2 units available at Airport Mall for rent. Contact 8812301/8838013
Exclusive Brand New house for rent in Tungku Gadong
Email us for pictorial view of house
House Status: Brand New ( You shall be 1st tenant)
Type of Rooms:
1 Master Bedroom with Large Closet Area and Master Toilet
2 Guest Rooms with Sharing Toilet (Upstairs)
1 Guest Room- Downstairs ( can be transformed into Dining Room)
3 Toilets available
TV Area available
Large Living Room available
House elegantly curtained
Elegant Kitchen,marble fixture topping
Car space fits 2 cars
Water tank available and house fully conditioned in every rooms
Location : Tungku next to Main Jerudong-Bandar Highway and 5 mins away from Jerudong International School
Rental: Unfurnished @ BND 2500
Furnished @ BND 3500 (furnished upon request)
Deposit : 1 month rental
Please contact Mr Tajudeen 7112750 / 8854415 for house viewing
info@nollybook.com
House Status: Brand New ( You shall be 1st tenant)
Type of Rooms:
1 Master Bedroom with Large Closet Area and Master Toilet
2 Guest Rooms with Sharing Toilet (Upstairs)
1 Guest Room- Downstairs ( can be transformed into Dining Room)
3 Toilets available
TV Area available
Large Living Room available
House elegantly curtained
Elegant Kitchen,marble fixture topping
Car space fits 2 cars
Water tank available and house fully conditioned in every rooms
Location : Tungku next to Main Jerudong-Bandar Highway and 5 mins away from Jerudong International School
Rental: Unfurnished @ BND 2500
Furnished @ BND 3500 (furnished upon request)
Deposit : 1 month rental
Please contact Mr Tajudeen 7112750 / 8854415 for house viewing
info@nollybook.com
Sunday, July 1, 2012
Property Sale
Proposed 6units Located Kg Lumut next to LNG,
Proposed 4units Sutera1 residence Kg Lambak(A),
Proposed 3units Sutera2 residence Kg Lambak Kanan,
Proposed 5units Panca residence Located Kg Pulaie to sg Akar,
Proposed 6units residence Kg Terunjing Residence.
LET'S SHARE WITH US IF YOU NEED - consultation for your future,join our beautiful architectural drawing,to Develop your Land and to Contra/exchange our property
Arash Group Company
Contact numbers: 2341299/ 7198099/ 7133899/ 8738099
Arashzimra@hotmail.com
Proposed 4units Sutera1 residence Kg Lambak(A),
Proposed 3units Sutera2 residence Kg Lambak Kanan,
Proposed 5units Panca residence Located Kg Pulaie to sg Akar,
Proposed 6units residence Kg Terunjing Residence.
LET'S SHARE WITH US IF YOU NEED - consultation for your future,join our beautiful architectural drawing,to Develop your Land and to Contra/exchange our property
Arash Group Company
Contact numbers: 2341299/ 7198099/ 7133899/ 8738099
Arashzimra@hotmail.com
Friday, May 11, 2012
Law Society makes firm stand on PA
BANDAR SERI BEGAWAN
Friday, May 11, 2012
BRUNEI'S Law Society yesterday issued a strongly-worded statement condemning the potential passing of any law that would have a retrospective effect on property owned through power of attorney (PA).
The Law Society, in a statement signed by its President Hj Muhammad Zainidi Hj Abdul Hamid, expressed deep concern over the recent government move to invalidate all property owned through PA or trust deeds, and convert them into 60-year leases.
"This type of action would ignore any accepted standards of the rule of law; and would set a very grave precedent which would not foster confidence both locally and internationally," the society stated.
The new policy, which effectively ends the only means for permanent residents and foreigners to own land or housing in Brunei, has caused an outcry among certain sectors.
The government says the move will increase transparency in land ownership - as the 47,000 property deeds issued through PA are not registered with the Land Department - but critics say it deprives property owners of assets they bought in good faith, and could lead to legal disputes between buyers and the lawyers and agents who issued the PAs.
"The Law Society believes that as far as possible, changes in the law should not create uncertainty, lead to disputes and unduly cause unfairness or hardship."
The society said it hoped authorities "would consider with care" any proposed amendments or changes to the law, adding that any draft proposals should be circulated for the purpose of public consultation.
The Minister of Development Yang Berhormat Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Hj Suyoi Hj Osman made the controversial announcement last March during the eighth session of the Legislative Council, saying all property purchased through PA or trust deeds would be converted into temporary leases "effective immediately". He also said amendments to the Land Code were being drafted to enforce the policy.
However, both property owners and realtors remain in limbo, unclear whether they can still buy or sell property to "ineligible persons" without black and white laws to sanction such transactions.
The Law Society noted that since the policy was announced, there have been no amendments to the laws relating to land ownership, and that the government has yet to clarify the issue.
It added: "Brunei courts have on the basis of the laws of contract and equity given effect to the unregistered interests in land in Brunei ... There have been no published laws that specifically prohibit non-citizens from holding interests in landed property."
"In the recent past there has also been implicit acceptance of ownership of beneficial interests in land, in relation to applications for permanent residency by temporary residents, and the requirement for proof of investment in Brunei."
The minister has rebuffed suggestions that the policy would deter foreign investment in Brunei, saying authorities were still reviewing conditions that would allow PA to be used for commercial land development.
"For the purpose of development it will still be allowed on a case-to-case basis, that will be no problem ...
"But for the purpose of ownership, that's something that we want to control," he said in an interview last March. - Quratul-Ain Bandial The Brunei Times
BRUNEI'S Law Society yesterday issued a strongly-worded statement condemning the potential passing of any law that would have a retrospective effect on property owned through power of attorney (PA).
The Law Society, in a statement signed by its President Hj Muhammad Zainidi Hj Abdul Hamid, expressed deep concern over the recent government move to invalidate all property owned through PA or trust deeds, and convert them into 60-year leases.
"This type of action would ignore any accepted standards of the rule of law; and would set a very grave precedent which would not foster confidence both locally and internationally," the society stated.
The new policy, which effectively ends the only means for permanent residents and foreigners to own land or housing in Brunei, has caused an outcry among certain sectors.
The government says the move will increase transparency in land ownership - as the 47,000 property deeds issued through PA are not registered with the Land Department - but critics say it deprives property owners of assets they bought in good faith, and could lead to legal disputes between buyers and the lawyers and agents who issued the PAs.
"The Law Society believes that as far as possible, changes in the law should not create uncertainty, lead to disputes and unduly cause unfairness or hardship."
The society said it hoped authorities "would consider with care" any proposed amendments or changes to the law, adding that any draft proposals should be circulated for the purpose of public consultation.
The Minister of Development Yang Berhormat Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Hj Suyoi Hj Osman made the controversial announcement last March during the eighth session of the Legislative Council, saying all property purchased through PA or trust deeds would be converted into temporary leases "effective immediately". He also said amendments to the Land Code were being drafted to enforce the policy.
However, both property owners and realtors remain in limbo, unclear whether they can still buy or sell property to "ineligible persons" without black and white laws to sanction such transactions.
The Law Society noted that since the policy was announced, there have been no amendments to the laws relating to land ownership, and that the government has yet to clarify the issue.
It added: "Brunei courts have on the basis of the laws of contract and equity given effect to the unregistered interests in land in Brunei ... There have been no published laws that specifically prohibit non-citizens from holding interests in landed property."
"In the recent past there has also been implicit acceptance of ownership of beneficial interests in land, in relation to applications for permanent residency by temporary residents, and the requirement for proof of investment in Brunei."
The minister has rebuffed suggestions that the policy would deter foreign investment in Brunei, saying authorities were still reviewing conditions that would allow PA to be used for commercial land development.
"For the purpose of development it will still be allowed on a case-to-case basis, that will be no problem ...
"But for the purpose of ownership, that's something that we want to control," he said in an interview last March. - Quratul-Ain Bandial The Brunei Times
Sunday, March 25, 2012
Woes of a worried Bruneian developer
Monday, March 19, 2012
Dear Editor,I AM a local Bruneian property developer, desperately in need of help.
Following recent news reports on the use of Power of Attorney (PA) in purchase of property, I have been facing challenges as the announcement has left many property developers like me in a lurch. I hold a PA from a landowner for property development.
Last week, I tried to apply for water supply for my project in Mumong, Kuala Belait. However, due to the new norm my application was not considered as the authorities felt my PA was invalid.But how can I explain this to my clients (buyers), who have paid for their houses? It is very unfair to them.
And not only this, a Bruneian buyer was unable to purchase the home from me because my PA was invalid.
I am extremely worried now as I am unable to honour my responsibilities and obligations to my buyers and landowners as a result of the new norm.
If I can't sell the houses, I won't be been able to pay my contractors, suppliers and complete the project for my local landowner.
This would adversely effects to my financial position, making it difficult for me to fulfil my obligations to my bankers.
I have consulted several lawyers, officials, bankers and other authorities for a solution but nobody could help me.
I am a Bruneian single mother, looking after my five children .
I highly appreciate if someone can advise me on the following matters:
1) Is my PA from my landowner invalid? Can't I sell any of my houses , apply for any water, electric or occupational permit for my home buyers?
2) Will I have to cease all my Mot appointment with my buyers who has paid me and signed agreement? 3) What do I do now with my the projects in projects?
4) Are all kinds of PAs now invalid, resulting in a freeze of all operations?
Please, help me find a solution!
Worried Bruneian Developer
BSB
Source: http://www.bt.com.bn/letters-editor/2012/03/19/woes-worried-bruneian-developer
Subscribe to:
Posts (Atom)