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The Star
19 hours ago
- Business
- The Star
Tanjung Puteri apartment owner ordered to return deposit
Tavaseelan says many issues cropped up at the Tanjung Puteri apartment, prompting him and his brother to leave. A HOTEL manager in Singapore filed a case with Johor Consumer Claims Tribunal after the owner of his tenanted unit refused to refund part of his deposit. Claimant A. Tavaseelan said they had left the unit on April 17 and handed over the keys of the apartment located at Jalan Bukit Meldrum in Tanjung Puteri, Johor Baru, to the respondent on April 30. Tavaseelan and his brother A. Rueben Raj, who works as an engineer in Singapore, were co-tenants. They moved into the unit on April 30, 2023, and the monthly rental was set at RM2,200 for the first year. 'The rental was increased to RM2,700 when we renewed the tenancy agreement on April 30, 2024. 'However, our unit was located above the swimming pool and the foul smell which emanated from the toilets there permeated our unit,' said the claimant, adding the owner did not disclose this prior to renting out the unit. Tavaseelan also said fungus started to appear on the walls of the unit in the second year. 'We were away for three weeks and only discovered this when we returned from abroad,' he said, adding that the owner did not do anything when informed of the situation. Tavaseelan and Rueben Raj decided to move out and the owner agreed to return their deposit of RM7,017 after determining the unit was left in a good condition. Tavaseelan said the respondent delayed refunding the deposit. 'The respondent only refunded RM1,585.70 on May 30, after she received a notice from the Tribunal to attend the hearing,'' he said when met outside the tribunal in Menara Ansar. Tribunal president Hafez Zalkapli ordered the respondent to refund RM5,471 to the claimant within two weeks. Those who need assistance can call 07-227 1755 or 07-227 1766 or visit the Tribunal office at Level 17, Menara Ansar, Jalan Trus, Johor Baru.
Express Tribune
a day ago
- Business
- Express Tribune
Gold price drops locally amid global decline
Listen to article Gold prices fell in both international and domestic markets on Tuesday, driven by a notable decline in global bullion rates. According to market reports, the price of gold in the international bullion market dropped by $16 per ounce, settling at $3,320. In response to the global dip, domestic prices in Pakistan also fell. The price of gold per tola declined by Rs1,600, bringing it down to Rs354,700. Similarly, the price of 10 grams of gold decreased by Rs1,372, now standing at Rs304,098. Analysts attribute the decline to global market adjustments and currency fluctuations, with investors awaiting key economic indicators from major economies.
Business Recorder
a day ago
- Business
- Business Recorder
Gold price per tola decreases Rs1,600 in Pakistan
Gold prices in Pakistan declined on Tuesday in line with their decrease in the international market. In the local market, gold price per tola reached Rs354,700 after a loss of Rs1,600 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs304,098 after it shed Rs1,372. On Monday, gold price per tola reached Rs356,300 after a loss of Rs100 during the day. The international rate of gold decreased on Tuesday. As per APGJSA, the rate was at $3,320 per ounce (with a premium of $20), a loss of $16. Meanwhile, silver price per tola remained stable at Rs3,963.
Rakyat Post
a day ago
- Business
- Rakyat Post
From RM37K To RM1.8M – Bangsar Uncle's 55-Year Property Investment Pays Off Big Time
Subscribe to our FREE A Malaysian uncle who bought a double-storey terrace house in Bangsar for RM37,000 back in 1970 is now sitting on a property worth RM1.8 million. That's nearly 50 times his original investment over a 55-year period. The story has gone viral on What made this investment so successful wasn't luck. The uncle had a strong emotional goal from the start – he wanted to leave a house for his children. This meant he never considered selling, regardless of how much the property's value increased. Even when prices doubled, tripled, or increased tenfold, he remained steadfast in his original plan. Contrarian Timing and Long-Term Vision Timing also played a crucial role. He bought the property in 1970, during a period when few people dared to purchase a house. While others hesitated due to economic uncertainty, he took the plunge and made his purchase in what would later become one of Kuala Lumpur's most sought-after neighbourhoods. Unlike modern property flippers who typically sell after 3-5 years for 200% returns, this uncle chose a completely different strategy. He held onto his Bangsar property for decades, allowing compound appreciation to work its magic. Location vs. Reality: The Great Property Debate The story has sharply divided public opinion between supporters who argue location is everything and sceptics who question the actual market value. Supporters emphasise that 'it's Bangsar – the land is valuable, not just the house,' highlighting this as prime landed property completely different from apartments in less desirable areas. However, critics argue that RM1.8 million is merely a bank valuation with no guarantee of actual buyers willing to pay that price for a small, old house that needs renovation. They point out that the same money could buy much better, newer properties elsewhere. The debate intensifies when comparing economic conditions – the minimum wage was under RM50 monthly in 1970 versus over RM1,700 today. Critics argue this makes direct price comparisons meaningless. The Ultimate Test: Paper Wealth vs. Real Returns Despite the debates about actual sellability, the uncle's story highlights the power of long-term property investment in prime locations. His patient approach and refusal to sell during various market cycles allowed him to capture decades of appreciation in one of Malaysia's most prestigious neighbourhoods. Whether he can actually find a buyer willing to pay RM1.8 million for his 55-year-old house remains the ultimate test of his investment success. However, on paper at least, his decision to buy and hold has created substantial wealth that he can pass on to his children—exactly as he originally planned. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Time of India
2 days ago
- Time of India
Accountant robbed of cash & valuables worth 28k
Pune: An autorickshaw driver and his two accomplices robbed a 24-year-old Navi Mumbai-based accountant of cash, a cellphone and ornaments, collectively worth Rs28,700, after threatening him with a sharp weapon on the pretext of ferrying him to Shivajinagar. The incident occurred between the Pune railway station and Royal Western India Turf Club on the Pune-Solapur highway around 3.15am on Sunday. Sub-inspector Ashish Jadhav of the Wanowrie police on Monday said the accountant, Avdhut Mane, a resident of Belapur in Navi Mumbai, reached the Pune railway station by train from Panvel. Mane boarded the auto rickshaw with two men present inside to reach the Shivajinagar bus terminus for boarding a bus to Bhimashankar temple. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Jadhav said the auto driver drove the victim to various places and stopped near the Turf Club, where he and his two accomplices robbed him of cash Rs 1,700, a cellphone, and two silver rings. The trio sped away towards Pune station. A police team has identified the vehicle registration number of the rickshaw, and the driver and his accomplices will be arrested soon, he said, adding that an FIR relating to the robbery was registered on Sunday.
