Some major developers have started selling land in non-prime locations over past few months, while some are exiting local markets amidst Malaysia’s soft property sector and the uncertainty caused by the upcoming general election this year. For instance, Sime Darby Property recently revealed that it intends to sell 768.9ha of land in Sabah and Kedah,…
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An expert has highlighted a sad reality that not everyone can afford to purchase a residential property across the world, including in Malaysia. “Homeownership is not for everyone. There’s not a single country in the world that has 100 percent homeownership,” said World Bank Director of Urban Development Dr Sameh Naguib Wahba Tadros. “Usually, you…
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It is probably safe to say that student rental, or student accommodation, has always been a good choice for property investment. This is even more apparent in recent years, as higher education becomes available to people from all walks of life. Rental accommodation for students is thus considered a fairly stable investment for rental yield, as residential…
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Whether as a newbie or seasoned investor, buying an investment property should be a decision based on sound financial sense. Numbers never lie and with the right calculations, you can quickly decide whether a property fits your investment goals or portfolio. Here are a few simple ways that will let you quickly ascertain if a…
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Contributed by Alfred Chong (Lawyer) Buying your first house may be a daunting process with attention required for the following during the pre-purchase stage:- Determining whether to purchase a house under construction or a duly constructed by the Developer or in the alternative purchasing available houses from property owners directly or through auction in the secondary…
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Sunny skies, tasty food and cheap hip replacements – the Southeast Asian country is a haven for elderly expats. But for many Chinese, the financial climate is as important as the favourable weather. Iggy Ignatius needs little time to chew it over when asked what his favourite thing about Malaysia is. “We like the food here,”…
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Government proposes to cut housing loan interest rates A proposal which would reduce housing loan interest across banks nationwide is expected to be presented to the Cabinet soon, announced Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, today. The proposal which will ease the financial burden of those applying for house loans, he said,…
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Economic statistics show that there is no looming real estate bubble in Malaysia this year, assured CBRE-WTW Managing Director Foo Gee Jen. “We will not have a ‘bubble situation’ as we strongly believe that the fundamentals are still there,” he said after presenting his firm’s 2018 Asia Pacific Real Estate Market Outlook on Wednesday (17…
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Before they decide to buy a property – whether it is a house, condominium, apartment or shop – Malaysians tend to consider many factors that may be considered to be ‘non-scientific’ or even ‘superstitious’. Within the Malaysian property context, factors like the property’s feng shui – its location at a ‘T’ junction, its location below the road…
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A market review on building materials within the construction sector showed that prices of the four-most utilised materials – namely, cement, steel, sand and ready-mixed concrete – are not the main cause of the rising housing cost in Malaysia. Conducted by the Malaysia Competition Commission (MyCC), the review was made amid the concerns raised by…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.