3 Things to Remember When Selling Your First Home

Selling your first place is the kind of milestone that calls for celebration once the papers are signed, the keys are handed over to the new owners, and you’re ready to start a new life in a new place. However, before all that can happen, there are a few important things that any first-time home seller should know.
Don’t know where to start? We’ve compiled a list of five things for you to keep in mind to make the home selling process happy and stress-free.
1. Get the help you need
Selling your house can be a long and trying process. It can feel like a lot of work really quickly without professional help. Don’t make things complicated for yourself just to save some money – as they say, you have to spend money to make money .
Why hire a real estate agent?
You’ll have peace of mind when you’re working with an agent you trust, where communicating with about selling your house comes easily. The agent you decide to employ should be reputable and experienced. You’ll need to do your research and interview potential candidates, which can be time-consuming.
Why not go for a smarter, simpler, and time-saving route? Find the perfect real estate agent for you through Ohmyhome’s agent service. Our knowledgeable agents will provide you with insight into the current property market in your area and advise you based on current and accurate data regarding the current housing climate. Friendly and approachable, our agents take care of all the necessary and often complicated documents that need to be filed while keeping you in the loop.
2. Invest in improving your home’s appearance
Depending on the market at the point of time you decide to put your house up for sale, the demand and supply can change. This is why it’s important to make sure you create an appealing look and feel before any house viewings if you want to sell it for top dollar.
The importance of decluttering
If you haven’t moved out of the home you’re selling, it’s important to make sure that you declutter all the bedrooms and shared spaces such as the bathrooms, living room, dining room, and kitchen. Don’t forget those junk rooms and closets. Decluttering also means cleaning the spaces.
During a house showing, potential buyers would often like to see all the nooks and crannies of your house. Nothing is off-limits, so a clean home is a must. Plus, it will make it easier for potential buyers to see the amount of space they will have once the home is theirs. You should also remove personal items, such as family photos, to help potential buyers imagine themselves living there.
Looking for a way to show your property during the Movement Control Order? Consider
virtual tour
, which you can do on your own. You can also upload your video home viewing on the Ohmyhome platform.
Repairs and improvements
Have you been ignoring the chipped paint in the living room, rusty gates that should have been oiled months ago, and the doorknobs that don’t lock? Before you invite potential buyers into your home, take a walk through and make note of everything that needs some TLC. You don’t have to do any major remodeling, just change old light bulbs, fix anything damaged, and make sure the plumbing is all good. You should also note that any problems should always be disclosed to potential buyers.
An extra step you can take is repainting the house in a neutral tone, getting the grass cut, and planting some flowers if you have a yard. Again, remember you have to create curb appeal, showing the potential new owner that this is a beautiful and clean space to live in. You should keep in mind that even after the contract is signed, you’ll still be spending money fixing a few things here and there until you walk away for the last time.
3. Prepare your exit ahead of time
It’s important to remember that once you’re sure that you want to sell, every decision you make regarding the house or apartment is a business decision. You have to keep in mind that you’re about to sell property, not a home. So, it’s best to minimise any emotional attachment and avoid having it influence your decisions.
Specify what you’re leaving behind
Some things are specific to the house like furnishings and fixtures. It can be very tempting to take a light fixture that came with the house because of the memories associated with it. However, anything that is affixed to the walls, floors, or ceilings of the house is considered part of it. Consider leaving it behind because it could be a selling point. But if there is something that you do want to take with you, something you put into the house, make sure you put it in writing that you’ll be taking that with you.
Estimate the potential profit and loss
Your heart will surely start to race as all the offers start to come in. But before reviewing any of them, you should have a firm understanding of the cost that you’ve spent or will continue to spend on selling this house.
The acceptable selling price should range somewhere on the line of your evaluated gains and losses. Keep in mind the legal fees and Real Property Gain Tax (RPGT), as well as the additional settlement charges on top of the repairs and landscaping you’ve already done. If your mortgage is still going on, the payment will have to cover it.
Curious about our
agent services
? Be sure to give our friendly customer care team a call at +60 16-299 1366 for more information. In the meantime, you can download our app from
Play Store
 or
App Store
 now!


4 Aspects of Sentul That Attract Property Buyers

Visit Sentul five years ago, and you will be met with the relics of history – old colonial buildings within a highly matured neighbourhood. Once upon a time, Sentul was the home and workplace of thousands of railway workers, housing one of the biggest industrial undertakings in Malaya.
However, visiting Sentul today is a different story. You will be met with soaring skyscrapers, architectural landmarks, and modern districts that still retain their cultural and historical roots, such as the well-known Kuala Lumpur Performing Arts Centre.
Almost two decades ago, Sentul received a multi-billion ringgit urban renewal project to upgrade or replace the old infrastructure and buildings left over from the colonial era. The 294-acre land was divided into Sentul East, which is comprised of commercial districts, and Sentul West, which consists of residential buildings.
Now, Sentul is home to multiple new luxurious condominiums and tall office buildings, forever changing the city’s skyline. Despite Sentul’s rapid development, there are more residential building projects in the pipeline.
Would you like your new home to be part of the ebb and flow of a changing city?
Why You Should Invest in Property in Sentul
1. Easy Access
Nestled between Setapak and Segambut, Sentul is easily accessible to both Kuala Lumpur and Petaling Jaya. Throughout the years, Sentul has improved on its accessibility to various parts of Klang Valley, namely through major roads such as Duta-Segambut Highway, Damansara-Ulu Kelang Expressway (DUKE), and the Sentul Link.
In addition to that, Sentul is also well equipped with public transportation systems such as the Sentul LRT station serving the Ampang line. In fact, Sentul LRT station bears a similar name to the Sentul Komuter station, which serves the KTM Commuter line.
2. Variety
There is no such thing as a perfect property; only the right property for the right homeowner. But in Sentul, buyers are spoilt for choice.
Towards Bandar Baru Sentul, there is a blended mixture of affordable housing and modern high-rise apartments for those who value being close to the Kuala Lumpur City Centre.
Living at Taman Sentul Jaya, or Sentul Garden, brings residents close to the DUKE highway, providing easy access to Segambut and further down to Petaling Jaya.
Living near the North brings residents close to the greenery and serenity of Metropolitan Batu Park, where residents can exercise or host picnics and weekend family getaways.
Not to mention, there is also the Sentul Raya Boulevard with its picturesque modern skyline. An iconic building – The Fennel – is the landmark of the entire district. There is a home for everyone in Sentul, regardless of your economic background, race, or culture.
3. New Projects
It pays to be reminded that transformation within Sentul is still on-going, with many new residential projects propping up within the area.
Enter iconic projects like
M Arisa
 and M Centura from one of Malaysia’s top developers – Mahsing. Each property has a heavy emphasis on greenery and affordability, respectively. M Arisa is equipped with a rainwater harvesting system, which is automatically filtered and supplied to each unit within the Building, along with EV charging stations for electric vehicles.
Parallel to that is M Centura’s affordability, starting at a mere RM350,000 for a prestigious address within Kuala Lumpur. Despite its price, it still delivers in value, sporting an Olympic-length swimming pool, vertical planting and tree preservation, and even a co-working space as well.
High-rise condominiums are not the only name of the game in the area. Impiana Sentul Bahagia 2 is also a newly completed low-density development consisting of three-storeyed linked houses.
4. Affordability
According to data retrieved from Brickz.my, residential properties within Sentul have consistently been below the median average of properties within Kuala Lumpur for the past half-decade.
Properties within this district are priced at a median average of RM380,000, or about RM372 per square feet. However, looking at the graph reveals that prices have stabilised in recent years with less volatility, and have steadily caught up to the median average of property prices of Kuala Lumpur.
Assuming that you are looking at buying a RM380,000 property in Sentul, here’s what you can expect to pay. Homebuyers considering obtaining a 35-year mortgage at the current low-interest rate of 3.75%, with a 10% down payment, are looking at a monthly commitment of about RM1,500.
This amount is definitely within reach of an average university fresh graduate or a young couple planning to start a family.
Sentul is the ideal home destination for bachelors, young couples and established families. Sentul’s unique inclusiveness also reflects its diverse community of residents. If you appreciate its distinctive qualities that’s unlike anywhere else, be sure to check out the residential projects in Sentul.
Looking for a brand-new home? Talk to our real estate consultants and get VIP agent service!
With Ohmyhome’s
trusted agent services
, we are able to help you buy, sell, rent and lease out properties according to your needs and requirements. As part of the Ohmyhome ecosystem, not only would you have the support of an individual agent, but the company as a whole.
Call +6016-299 1366 today.


5 Different Ways to Invest in Real Estate

For an investment asset class as old as humanity itself, real estate has witnessed countless evolutionary changes. From brick and mortar to glass and steel; low-lying mud huts to giant structures that literally “scrape the skies”, change is imminent. As investors, we should always be prepared for what comes next.
Property ownership has also undergone significant changes as well, with new and complicated ways of investing in property outside of conventionally owning a piece of real estate. Today, we will explore alternative real estate investment options that are accessible to retail investors like you and me.
1. Real Estate Investment Trusts (REITs)
Buying property poses a high barrier of entry for most retail investors, especially for fresh graduates and low-income groups that have difficulty applying and servicing a mortgage loan.
A single piece of real estate will take a huge chunk out of any buyer’s savings, effectively binding the investor financially from other asset classes like stocks and bonds. The inflexibility in choices might dissuade investors from investing in property, as is evident from millennials who would rather rent for life instead.
REITs might be the solution to the conundrum. REITs are companies that own and typically operate multiple real estates, which generates rental income that is distributed back to investors.
Similar to a property’s rental yield and capital appreciation, investors are keen on the REIT’s stock prices, but more importantly, the dividend or distribution yield, which is higher than most fixed deposit accounts on average. As of early 2020, investors can expect a distribution yield of about 5-7% on average.
REITs are also a great way to diversify your risks, as investors are exposed to multiple properties across different locations. Some REITs might even focus on a particular sector, giving investors some degree of control when crafting their investment portfolios.
An example is Al-‘Aqar Healthcare REIT, which primarily invests in hospitals.
What makes REITs so attractive is that they have a significantly lower barrier of entry relative to buying physical real estate. A single share can go as low as RM0.50, and a lot (x100 shares) costs only RM50. This is in stark comparison to real estate that has a starting price in the six figures.
2. Investment Holding Companies (IHC)
Most property investors invest in properties under their own personal capacity. Some married couples may even decide to buy properties individually without joint ownership or loans in order to take advantage of several of Malaysia’s tax laws and lending guidelines.
Investment holding companies (IHCs) are an extension of that concept. IHCs are companies that are set up solely for investment purposes and have the capacity to borrow loans and pay taxes. More importantly, the IHC is considered a separate legal entity from its owner, meaning that shareholders are not liable for the IHC’s debt.
Take the example of Mei Lin, an avid property investor with five properties under her portfolio that were bought using loans. In this scenario, it is difficult for her to obtain future financing because the bank will classify her as a high-risk individual and would probably offer her a loan-to-value ratio of below 50%.
Mei Lin could choose to set up an IHC and refinance her properties to the IHC. This will automatically reduce her risk levels, freeing up her “quota,” and allowing her to obtain better financing options for future property purchases.
However, due to how IHCs are structured, it is not effective at managing a portfolio that primarily consists of residential properties. The upkeep required to maintain an IHC is significant as well; hence, investors are discouraged from establishing an IHC unless they have a sizable property portfolio – in the millions.
3. Syndicates
One spin-off from IHC is the idea of syndicates. It is not uncommon to find property experts or gurus establishing VIP clubs or exclusive premium memberships where only a select few wealthy individuals are able to join.
With the leverage of multiple investors behind their backs, these experts are able to approach the property developers directly to secure better deals that are not available to most public homebuyers. It is not uncommon to find these groups securing an entire residential block, or even entire building projects as a whole.
While syndicates might not necessarily use IHCs to conduct their operations, most of them generally do, considering the liability issues involving millions of ringgit. Note that there is an element of trust when investing via a syndicate because the risk levels are significantly higher. On the plus side, there’s an equally significant payoff.
4. Land
A piece of land is not entirely worthless, even without a building perched on top of it. Similar to physical properties, land prices can range wildly as well. Agricultural land in the city outskirts can have prices as low as RM10 per square feet, but a residential lot within an urban city centre could fetch millions.
Investing in land is slightly different from property. You will most likely eventually sell the land to a property developer or large corporation, which changes the buyer-seller dynamic significantly.
There are many benefits to investing in land, with one of the biggest pull factors being the minimised risk. As mentioned by financial expert KC Lau, even if a bomb exploded on your land and obliterated everything, it is still effectively land. In fact, you might even save contractors a bit of trouble in excavating the ground.
Land also does not require maintenance. While a developer can build and rebuild properties on the same piece of land perpetually, land is a truly limited resource.
The biggest downside, however, is the inability to collect rent on what is effectively barren land, unless you put some work into it. Several property developers have temporarily converted their land into parking lots to collect rental income until they have figured out what to do with it. Some may buy land with the intention of converting it into a parking lot.
Regardless, just because there aren’t any buildings erected on the piece of land, there are still opportunities to profit, both on and underneath the land you own.
5. Physical Property
Physical properties are still the tried and tested way for most investors. According to the Knight Frank Wealth Report, properties make up the second-highest allocation in most ultra-high net worth individuals, right behind equities.
Looking at the Forbes lists all across the globe, you will be hard-pressed to find an investor that has yet to significantly invest in real estate. Many of them have built their entire fortunes on physical real estate alone.
The key advantage of investing in physical properties is control. While many may argue that the property is effectively “owned” by the bank until the mortgage loan is fully served, investors have the sole discretion of what to do with the property however they please – within the boundaries of the law, of course.
Property owners may choose to rent the property to whomever they please, decorate and renovate the property to their liking, or even choose to reside in it as their “forever home.” While the investment risk may fall solely onto a single property, real estate has proven to be stable across different economic cycles and market conditions. Time and time again, real estate has outperformed other investment classes.
Physical property is also the most likely to generate the most returns, with many stories of young investors controlling an empire of real estate through effective rent control, debt control, and smart exits via the selling of property.
All investments, regardless of the asset class, hold different degrees of risks in exchange for various forms and levels of returns. There are no perfect investment asset classes, only the right ones specific to your unique needs.
We would like to clarify that we do not endorse one investment method over another, and readers are advised to conduct their own extensive research before committing to an investment asset class.
Looking to invest in real estate in Malaysia? Ohmyhome specialises in facilitating the selling, buying, renting or tenanting of physical properties.
Through our
agent services
 and
property listing platforms
, our users are confident that they are able to secure the best deals available on the market. For new property launches, we source deals directly from the property developers, giving customers the best bang for their buck.
Let us join you in your property journey today! Contact +6016-299 1366 or visit
Ohmyhome
 today!


6 Things to Check Before Signing the Sales and Purchase Agreement

For most
homebuyers in Malaysia
, the sales and purchase agreement (SPA) is one of the most important documents ever to be signed, marking a significant milestone in their lifetime.
This is especially true when you consider that Malaysia adopts a
“caveat emptor” ruling
, a Latin term that means “let the buyers beware.”
What it means is that the buyer assumes all the risks when it comes to the purchase of the property. After the SPA is signed, the homebuyer cannot request any compensation from the seller for any faults or repairs after the fact, unless it is stated otherwise in the SPA.
Hence, the SPA is not just a document that signifies the ownership transfer of a property (along with several other documents); it also ensures your rights to the property as well.
5 Key Details Within a SPA
1. Property type
The SPA should clearly state the property type: residential, commercial, or industrial.
It is important to understand the differences, as it will directly affect many aspects of homeownership: utility bills, loan-to-value ratio, property taxes, quit rent, land valuation, and so on.
With the rise of mixed development properties, the line between residential and commercial property has been blurred. Hence, it is important to pay attention to the legal classification written in the SPA.
2. Land title and tenure
The SPA will also clearly state if your property is a freehold or leasehold property. Also, pay attention to the land title indicated in the contract.
Freehold vs. leasehold property
Simply put, a freehold property means that the home buyer will have the rights to the property in perpetuity (forever).
A leasehold property means that the home buyer effectively “leases” the land from the government for a period of time. This means that the lease has to be renewed every few decades to ensure that you have continued rights to the land.
Land titles
A master title is typically given to property developers and landowners at the time of property developments.
A strata title, in extremely simplified terms, is where individual properties form a collective larger shared development and is usually given to property owners of high-rise buildings.
An individual title is typically given to landed properties, where the owner is the only sole party responsible for the land the property is built on.
3. Vacant possession
Vacant possession is a term that refers to the seller’s obligation to ensure that the property is suitable for occupation.
When can you expect vacant possession and the key handover?
For landed properties under construction: within 24 months after signing the SPA
For high-rise properties: 36-48 months after signing the SPA
However, a common misconception is that the homebuyer becomes the official owner of the property the moment they receive the keys.
That is not necessarily true. The homebuyer will officially become the owner of the property the moment they have received the property title mentioned earlier, i.e. strata title or individual title.
4. Liquidated damages
What happens if the property developer has yet to pass you the keys to the property, or even complete the construction of the property after the stipulated vacant possession date?
This is where liquidated damages (LAD) comes into play, where the developer has to compensate the homebuyer for the late delivery of vacant possession. This section of the SPA will clearly detail the terms of the compensation. It is a key part of ensuring the rights of the buyer of a property under construction.
5. Defect liability period
Essentially a “warranty period” for newly developed properties, the developer would have to repair any faults in a property free of charge throughout the defect liability period (DLP).
The SPA will clearly state the duration of the DLP, which usually lasts for 6-12 months, and the defects covered by the DLP.
Bonus: Lock-in period
The lock-in period determines the duration where you must maintain the loan with the bank, which usually lasts for three years. Paying the loan back fully within this time period will usually incur penalty charges.
The lock-in period is usually found within the loan documents rather than the SPA. However, it is still an important element to pay attention to if you plan on selling the property quickly for a quick profit after purchasing it.
Don’t let the huge stack of paperwork and the legal jargon intimidate you. Make sure you scrutinise the SPA before signing. In most cases, going through all the nitty-gritty details will save you a lot of trouble later on.
Here is the best tip of all: why not let a trusted property agent guide you through the entire process of buying a home?
Looking to buy property in Malaysia?
Here at Ohmyhome, our team of trusted agents will take care of your home buying journey from search, mortgage advisory, deal closing and all the way through to legal conveyancing.
Visit
Ohmyhome
 today to find out more! Or call +60 16-299 1366


Additional RM10b for SMEs Under the Prihatin Package and Wage Subsidy Programme

Malaysia has implemented a nationwide Movement Control Order from 18 March, this order is enforced under the Control and Prevention of Infectious Diseases Act 1988 and the Police Act 1967.
On March 27, the RM250 billion Prihatin Rakyat Economic Stimulus Package (Prihatin) was announced. The government has allocated an additional RM10 billion for Small and Medium Enterprises (SMEs) under this stimulus.
Wage Subsidy Programme
The wage subsidy would benefit 4.8 million workers with a monthly income of RM4,000 and below.
*Companies with 75 workers and less would receive a RM1,200 wage subsidy for each local worker.
Companies with 76 to 200 workers would get a wage subsidy of RM800 for each local employee.
Companies with more than 200 workers would get RM600 for each local worker.
An additional RM7.9 billion has been allocated to the Wage Subsidy programme, an increase from the original RM5.9 billion allocation to RM13.8 billion. This includes Additional allocation included a total of RM2.1 billion in grants that would be channelled to micro-businesses registered with the Inland Revenue Board (IRB) as of January this year.
This special stimulus package aims to ease the burden of Malaysian SMEs amid the COVID-19 pandemic. Prihatin is expected to
contribute an estimated 2.8%
 to the country’s Gross Domestic Product (GDP) this year.
—
If you are thinking of buying, selling, or renting property while the Movement Control Order is in effect, don’t worry! You can do property transactions from the comfort and safety of your home? Download the Ohmyhome mobile app from the
Play Store
 or
App Store
.
Call +60 16-299 1366 to find out more.
Source:
New Straits Times


Property News: Bank Negara Grants Grace Period for Loans

Bank Negara Grants Grace Period for Loans
Starting 1 April 2020 for six months, Bank Negara is granting an automatic moratorium on all loan or financing payments for individuals and small and medium-sized enterprise (SME) borrowers. This is part of the bank’s new measures to assist borrowers experiencing temporary financial constraints due to the
COVID-19 outbreak
.
Bank Negara is also working on measures to help households and businesses. On top of that, the bank will continue to provide daily ringgit liquidity to banking institutions through its open market operations – this includes requirements on lending to the broad property sector, which will be uplifted with immediate effect.
Source:
The Star
Learn more about how to
take advantage of the Overnight Policy Rate (OPR) Reduction
. Looking to buy a property?
Buy your dream home seamlessly
 with Ohmyhome.
Call +6016-299 1366 to learn more now!


Buyers Seek Bigger, More Functional Homes After MCO

Written by:
 Guo Zhenhao
Desiring to live closer to work used to be a given. Who wouldn’t love shorter commute hours and more downtime?
Gardening Spaces Now a Sought-After Feature
A UK survey revealed that 63% of potential home-movers want access to gardening spaces within their homes. When viewing new property, buyers used to look at kitchen photographs to judge if they wish to buy homes. But recently, property agents have been receiving more requests to view pictures of gardens and outdoor spaces.
Buyers Demand More Functional Space In and Out of the Home
The 43% of prospective buyers wish to live in bigger property, and 36% of respondents cited better working space as a major criteria in their home hunt.
Other space related issues included living closer to parks and green spaces (31%), and living in pet-friendly homes (22%). Surprisingly, only 8% of home-movers wish to live closer to work. Proximity to work has been replaced by other coveted features, such as a good internet and a spare room.
A New Norm That Will Influence Property Price Bargaining
An implication that may arise is that sellers living closer to transportation might fetch less of a premium compared to before, while space and home functionality are set to become major bargaining chips in the property market for years to come.
Looking to sell your property but don’t know where to start? Let our trusted agent service
secure buyers
 quickly!


Buying and Selling: What Are The Documents You Need in a Property Transaction?

It’s no secret that the legal documents you need are important to seal the deal on the purchase of residential property whether you’re a buyer or a seller. It is equally important for both parties to have a basic understanding of the documents that they will eventually sign. So, strap in for an easy to follow guide on the legal documents you need to know during the buying and selling process.
1. Letter Of Offer/ Intent To Purchase
The Letter of Intent to Purchase is also referred to as the Letter Of Offer. This document basically states that the buyer has intentions to purchase the property, and is written up by the appointed realtor.
There are several important details to take note of within the document, such as the selling price of the property with the included fixtures and furnishings, and the set date by which the Sales And Purchase Agreement (SPA) should be signed by, usually within the next couple of weeks. The document will also set forth the initial conditions of the offer and purchase that are put in place to protect both the buyer and the seller. Examples of the conditions of offer and purchase include the return of an earnest deposit if for some reason the sale does not go through.
During this stage of the buying and selling property process, an earnest deposit will be made by the buyer in a show of good faith and to secure the property. This deposit is only two to three percent of the selling price and counts towards the ten percent of the legal down payment required by law.
2. Sales And Purchase Agreement (SPA)
The SPA is the legal document that seals the deal between the seller and buyer of the said property. Hiring a lawyer is always suggested for both parties when it comes time to write up and sign the SPA. This is because the document details the agreed-upon terms and conditions of the sale. Lawyers will know what to look out for in the best interest of their client, as the document doubles as a safety net that protects both parties if anything goes wrong.
The SPA will set forth the agreed-upon manner of payment, how long the defect liability period is, in the case of a new property by a developer, and property plans with details of materials and measurements. The document will also state when and how the buyer will receive the keys, and what would happen if the seller fails to vacate the property and possession of the keys by the set date specified in the SPA.
Once the SPA is signed, no further negotiations on the conditions of the sale can be entertained, and so the seller and the buyer must both respect and acknowledge the terms that have been laid out. This protects the buyer by making sure that the seller cannot change anything stated in the agreement to their benefit, and visa versa. Buyers will need to note that they will be responsible for having to pay stamp duty on the SPA.
In the case of purchasing a new home from a property developer, one of the perks given to buyers is often the free drafting of a SPA, however, be sure to have your lawyer look over it. In the case of inheritance, a SPA is usually not involved as it is just a transfer of names.
3. Memorandum Of Transfer
The Memorandum of Transfer is a legal document that signals both parties to start celebrating as the transfer of ownership has legally been completed. This document exists be it a transfer of ownership of a property from a developer to the buyer, or seller to a buyer in the case of secondary market purchase.
Similar to the SPA, there is a stamp duty charge so be sure to include it under your additional expenses that come with buying a house. However, buyers will receive a 100% exemption from having to pay the stamp duty on the Memorandum of Transfer in the case of spouse transfer. A 50% exemption will be given when a parent transfers the property to the child or vice versa.
4. The Facility Agreement
The Facility Agreement is commonly known as a loan agreement and details the terms and conditions of the housing loan taken by the buyer. The agreement is drawn up by the bank’s lawyer as it’s designed more or less to protect the bank’s interest. The buyer, also referred to as the borrower in this situation, has to pay the legal fees for the facility agreement.
Now that you have a good grasp on the importance of each legal document that plays an essential role in the buying and selling process of a residential property, you’ll be able to keep up with your lawyer and agent with ease.
With Ohmyhome’s
trusted agent services
, we are able to help you buy, sell, rent and lease out properties according to your needs and requirements. As part of the Ohmyhome ecosystem, not only would you have the support of an individual agent, but the company as a whole.
Call +60 16-299 1366 now!


Buying a Home: 4 Types of Home Loan in Malaysia

Once you reach the housing loan step of the property buying process there’s a set of mixed feelings that will surely fill you. There’s the excitement that you’ll get when realizing how close you are to owning your dream home. Then there’s the anxiousness that sets in while you’re trying to find a loan for your dream home, and the feeling will definitely linger on until you find out if your loan has been approved.
Your search for the right mortgage package can be a rollercoaster of emotions, especially without the guidance of a mortgage specialist. There are several options offered by the bank, but all stem from four basic housing loan options at different interest rates and payment specifications that fit a wide variety of customer concerns and needs.
The key is to make things a lot simpler and that’s exactly how you’ll be approaching the housing loan step in your property journey after understanding how these four housing loans work.
4 Types of Home Loan
1. Basic Term Loan
Simplicity at its best, the basic term loan charges a fixed amount of monthly installments for the entire loan term. By applying for this loan, there’s no flexibility to reduce the loan interest. While this means that you’ll always have peace of mind knowing your interest rate won’t fluctuate, it could also come as a disadvantage if you were to suddenly come into extra money and you want to use it to pay off a portion of the loan. Alternatively, you can set some money aside but it will be classified as early payments for the upcoming monthly installments and the amount of interest charged will stay the same. Also, bear in mind that banks have a penalty clause if you settle the loan within the first two to five years.
2. Semi-Flexi Loan
So, after learning all about the basic term loan, you’re probably wondering what are the types of loans that you can apply that provide flexibility regarding interest. The semi-flexi loan is one of those loans. If you get a promotion or win the lottery, you’re going to want to use that money to pay off a portion of the loan, and doing so will result in you reducing your housing loan’s interest rate.
For example, if the housing loan you took was for RM900,000 and you’ve decided that you wanted to pay off RM400,000 you would have a balance of RM500,000. This will make your new loan interest to be charged on the remaining amount of RM500,000 and not the original RM900,000, thus helping you save money in the long run. You won’t need to inform the bank in advance for any additional payments made on top of the monthly installments.
Another added benefit to this loan type is that borrowers can even withdraw the additional payments they’ve made after making a request. There are a few restrictions, mainly on the frequency and the amount that can be withdrawn. Do note that you will incur charges during the process depending on your bank’s policy for withdrawing the additional payments. For those of you with a salary that includes commission, this loan type is a great option to consider.
3. Full-Flexi Loan
The full-flexi loan is similar to the semi-Flexi loan in almost every way. You can pay a large amount of the loan off and the interest will then only be charged on the remaining about. You will also be able to withdraw the additional payments that you’ve made on top of the original monthly ones without having to request to do so beforehand with the bank without penalties. This is done by linking your current account with the loan, making it easy to deposit and withdraw as you wish.
4. Islamic Loan
Rounding out the four different types of loans offered by the majority of banks in Malaysia is the Islamic loan. You might be wondering, how is this possible when the sharia law, the very law that governs Islamic banking, believes that any form of interest-based gains known as Riba, is regarded as unlawful? This loan type approaches it in a more conventional way of issuing loans through the concept of a fixed-rate loan.
Islamic banking shifts the ordinary relationship of lender and borrower to seller and buyer, in terms of a housing loan. The idea here is that the bank has purchased the property and is selling it back to you, the buyer, at a higher price to be paid through fixed installments. By pre-determining the profits of re-selling the home to you, the bank makes a profit without having to charge interest.
If you’re a
non-muslim interested in applying
 for an Islamic housing loan, you can. The concept of a housing loan is shaped by sharia law but it does not mean that you must be practicing the religion in order to apply for financial benefit from it.
Now that you’re aware of the different types of housing loans and how they can work for you and your financial commitments, you should find out more about the different variations of these loans from your bank. Apply what you’ve learned here as you scour through the seas of housing loan options available in Malaysia to focus on the ones that best work for you and your financial profile.
Ready to start searching for your dream home? Browse listings posted by direct homeowners and top developers on
Ohmyhome
! You can also download Ohmyhome from
Play Store
 or
App Store
!


Buying a Home: How to Get Your Finances in Order

Planning for a big purchase takes a lot of effort and a good amount of time in advance before you can write that cheque. The largest financial purchase you’ll ever make in your life is buying a home. This is why you should do yourself and your bank account a favour by reading up about all the ways to successfully plan for your future dream home.
1. Income
The word income in the financial planning handbook does not necessarily refer to how much money you make. Income here refers to the stability of your career and the industry in which you work in as it directly affects your cash flow.
It is highly recommended that you invest time in reading up about the industry that you work in as it will help you develop an understanding of the possible direction your industry is heading in the next three to six years. This way you’ll be able to manage your expenses and savings easily.
2. Expenses
It is important that in the early stages of financial planning that you sit down and go through your daily, monthly and yearly finances. Typically, you would separate your expenses into two groups, making it easier for you to pinpoint exactly what you need and what you can save.
Monthly Needs
Your monthly expenditure needs should only include your basics. The keywords here to remember as you make your list, are your basic needs, because in today’s day and age individuals are accustomed to different variations of basic needs on top of the traditional ones.
For example, the traditional basic needs that you have to buy and pay for in order to survive are your utility bills such as water and electricity, rent, and groceries. The additional monthly expenditure needs include paying your phone bill, petrol for your car, the internet, cable television or Netflix subscription. Don’t forget, you also need to pay for your insurance, medical checkups, medication, and servicing your car. These are necessary expenses that you need to consider in your financial planning.
There are other monthly expenditure needs that aren’t often considered as needs such as going to the gym, socialising or going on a holiday as it can be expensive and unnecessary to some. However, if you are someone that needs to socialise, you should try to limit the number of times you go out, from once a week to once every two weeks, instead of cutting it out completely. Another example of individual-specific needs would be
going to the gym
, this might be something you look forward to and is part of your self-care routine to stay healthy. Thus, that can also be considered a need for you.
Look closely at your lifestyle and identify what are your needs and wants, because cutting costs down to the bare necessities is surviving, and not living. So figure out what you think falls into the monthly expenditure needs, and what falls into your monthly disposable income category.
Monthly Disposable Income
The idea of a disposable income is that you can use it for anything you want. Often enough, the majority of us are guilty of spending our disposable income till there isn’t much left by the end of the month.
How does this happen? Well, there are the unnecessary shopping sprees we all go on, where we impulse to buy something we don’t need or already have five of, and then there are the ever-popular concepts of splurging and treating yourself knowing exactly how that story goes. Decide early on what your disposable income can be used for, such as movie tickets and popcorn twice a month, a monthly mani-pedi session, or a new game for your console.
It’s not a bad thing to want something or to buy yourself one or two things you’ve had an eye on, especially since you’ve been working hard for your money. That being said, you should not treat your disposable income as something that can easily be disposed of. Instead try to develop healthy cost-cutting habits. For example, if the weekly brunches are getting a tad too expensive, a monthly brunch works too. By being more mindful of your spending and adopting these cost-cutting habits, you can save a bigger portion of your disposable income for your deposit.
4. Emergency Funds
Keep in mind that financial planning means you are saving for more than one thing at a time. You should be saving for a deposit, while also putting aside money for emergencies in case bad luck strikes. Your emergency fund should amount to six months of your monthly need expenditures. This way, your emergency funds will be able to support you for some time while you find a new job to get back on your feet.
5. Determine Your Budget
When you’re planning to make a big purchase you need to roughly know what the price range looks like in order to know how much to save up for it. By determining your budget you can set a goal to reach every few months leading up to the full amount.
Know the property price
So how do you determine your budget? Easy, all you have to do is research the estimated price of the property type you might want to buy in the areas that you’re interested in and you’ll then have a rough price range to go off on.
Keep in mind though, that unless you’re planning to buy a house in the next two years, you will have to refresh your price range data every year or so. This is due to the real estate market being unstable as it depends on the economic state of the country, thus resulting in property prices fluctuating.
Deposit and Housing Loan Payment
Saving up for a deposit is the quintessential part of financial planning for a home. This is because all you need to secure a property is a deposit. The majority of us will be taking out a housing loan in order to finance the rest of the payment to the seller. The deposit you’re saving up for must be 10% of the property’s selling price, which is why it’s important to do your research beforehand for a rough estimate. You should also make sure that your budget includes the additional cost of buying a house, such as lawyer fees, stamp duty, and loan agreement fees.
Once the loan is approved, you can breathe a little easier as you’ve now successfully bought a house, but the financial planning doesn’t stop there. You now have to take into account the monthly loan payments. As a rule of thumb, your financial commitments should not exceed 60% of your monthly income.
6. Good Credit Score
Having and maintaining a good credit score is vital to obtaining a housing loan. A credit score is a detailed tell-tale of your payment habits that your bank will use as one part of the determination process to approve your loan.
If your commitments include a car loan and/or a student loan, make sure to pay them on time every month. Consistency is key as it demonstrates that you’re a responsible pay master. A monthly credit card bill will work just the same. A pro tip is to place all recurring payments on the card, such as utility, phone, and internet bills. If you don’t have a loan or a credit card, get one at least six months before you apply for a housing loan.
It might seem like a tedious endeavour to plan your finances in order to buy a house, but the truth is unless you win the lottery or you’ve inherited a gold mine, you’re going to have to put in some hard work and save smart.
Ready to buy your first home? Learn more about our trusted
agent services
 by contacting our friendly customer care team at +60 16-299 1366 for more information. In the meantime, you can download our app from
Play Store
 or
App Store
 now!


Calls for Housing Projects To Be Priced At RM500,000 and Below

Written by
: Guo Zhenhao
Redefining affordability could be the next step in providing tax rebates for Malaysians.
Perumahan Penjawat Awan Malaysia (PPAM)
 is an affordable housing scheme launched in early 2013 to enable low and medium income civil servants to afford homes in major towns. Since then, a slew of initiatives to make housing more accessible in Malaysia has been rolled out. Recently, a Valuation and Property Service Department (JPPH) report revealed that many of Malaysia’s Bottom 40 (B40) income earners experience difficulty buying homes priced between RM200,000 and RM300,000.
These homes consist of up to 43% of the property overhang in the first half of 2019.
Affordability Standards Vary Between States
Property consultants have weighed in, stating that the standard for affordability is subjective to each state. Land scarcity, population growth, and an ageing population are all factors that can cause housing prices to fluctuate.
Redefining Affordability Standards for Wider Housing Loan Accessibility
On the ground, Malaysians bemoan that buying a home is unfeasible even after working for years on end. Some Malaysians cite difficulty and shortage of aid when it comes to down payment.
The good news is, there’s better classifications to redirect tax dollars.
Some ministers have suggested classifying housing submarkets based on affordability. Arranging property in terms of value, and subsequently planning taxes, incentives, and income distribution could be the way forward for making homeownership accessible to Malaysians.
Looking to buy your dream home in Malaysia?
Find a home for free using
Ohmyhome’s DIY listings page
!
Source:
Free Malaysia Today


Debunking The Top 5 Property Myths About Buying A Home

Growing up, we’ve come across myths about almost every aspect of our lives. Property is no exception. Buying a house is one of those milestones that is often filled with misinformation. It is important now more than ever that property buyers have all the information they need to make the best decision for themselves.
Here at
Ohmyhome
 we believe in making things as simple as possible with accurate information to assist you on your housing journey whether it be to buy a house to live in or to invest.
We’ve compiled a list of the most common myths and debunked them so that you will make smart and informed decisions when you decide to buy a house.
1. When buying a house, nothing less than a 20% downpayment is required
By far this is one of the most popular myths out there that deter potential buyers from even taking that first step to becoming a homeowner. This myth is false. By law, only 10% of the buying price is required.
For example, if the property you’re interested in is priced at RM 700,000, you would only need to pay 10% of the amount (RM70,000) for the downpayment required to secure the property.
The reason that this myth is so prevalent is that buyers aren’t aware of the additional cost that they are required to pay, such as the stamp duty, application fees, valuation fees, legal fees, and insurance mortgage. Some of these costs are usually covered if it is a newly launched property – developers will absorb the cost as a means to attract buyers.
2. Putting down a larger downpayment is better in the long run
Unlike other myths on this list, this one entirely depends on the financial circumstances of the buyer. It is true that putting down a larger down payment then what is required would result in lower monthly mortgage repayments.
However, if you aren’t in a financial situation that permits a larger than needed sum of money to be tied up, then you should definitely not ‘pay’ by the rules of this myth. Exercise prudence and put down the 10% required amount, and apply for a loan with monthly installments you can comfortably afford.
3. It is cheaper to rent than to own
If you’ve just started to work at an entry-level position and don’t have enough funds for a hefty downpayment, then this myth is a fact, especially in the current property landscape of Malaysia. The truth is it’s only cheaper to own than to rent if your monthly home loan payments are the same amount as it would be to rent a place, and that is usually not the case for most Malaysians.
But don’t fret, there are property schemes options currently put in place by the Malaysian government out there for first time home buyers.
However, if you need to move or you’re looking to move, and buying a house isn’t a feasible option yet, then browse our non-duplicated listings to find your perfect home/ room to rent.
4. Waiting for the right age to buy a house
Like many things in life, it is never the right time because you have to make it the right time. If you are financially independent and can afford the downpayment and monthly loan payments then this myth is false.
The younger you are means you can apply for loans with a longer payback period, instead of a shorter loan tenure that will usually mean higher repayments. This way you won’t be putting a strain on yourself or your financial status.
5. Being ‘debt-free’ means I shouldn’t get a credit card
Many Malaysians are taught from a young age to only ever use cash for purchases, avoid getting a credit card, and to stick to a debit card. This way you will be debt-free, and applying for a home loan will be easier in the long run.
This is by far one of the most common false myths out there, not just for purchasing a house, but also for anything you may want to buy with the help of a loan. Banks will only be able to approve a loan if they know the candidate can and will pay them the monthly payments on time. Think of a credit card as a financial track record – it doesn’t matter what you use it for, it only matters if you pay the amount back.
A good tip to keep a spotless financial track record is by using the card to pay for utilities, such as your monthly water, electricity and phone bills. You can also put monthly membership payments for the gym, along with fitness and language classes on the card. This will demonstrate to the bank that you are consistent in monthly payments, however small the amount may be.
If you don’t have a credit card yet, be sure to sign up for one at least six months before applying for a loan.
Now that these myths have been debunked, why not take the next step and find your dream home with Ohmyhome?
Talk to our real estate consultants and get VIP agent service!
With Ohmyhome’s
trusted agent services
, we are able to help you buy, sell, rent and lease out properties according to your needs and requirements. As part of the Ohmyhome ecosystem, not only would you have the support of an individual agent, but the company as a whole.
Call +6016-299 1366 today.


Tropicana Waives Rental for Tropicana Gardens Mall Tenants During the MCO

On 26 March 2020, property developer Tropicana Corporation Berhad announced that the Group will waive the rental fees to the tenants at Tropicana Gardens Mall throughout the duration of the Movement Control Order (MCO), in support of its tenants “affected or unable to operate during this period of uncertainties”.
In light of the COVID-19 outbreak and wave of drastic safety measures to contain the chain of infection, malls are struggling to cope during the MCO, especially since the announcement that the MCO will be extended by two weeks until 14 April 2020. Under the order, Malaysians are urged to stay at home and non-essential businesses to remain closed.
According to the Group, waiving the rental for longer than two weeks for tenants of the one million sqft mall makes them the first landlord to do so, adding that “these are unprecedented times experienced by all Malaysians”.
Sources: Tropicana Press Release,
TodayOnline
,
CNA


D’Sara Sentral: Mixed-Use Development Near KL

Feature Photo Source: Mah Sing Properties, D’sara Sentral
Written By
: Syasya Nur
D’sara Sentral takes work, play, and relaxation to the next level. This mixed development spans a grand 6.55 acres of land comprising Small Office Versatile Offices (SoVo), serviced residences, and lifestyle shops. Need some retail therapy? Take the lift and explore the 105 retail outlets in D’sara Sentral.
This luxurious gem is nestled in the growing township of Sungai Buloh in Selangor, within close proximity of established towns and shopping centres. With every need within reach, can it get any better than this?
3 Aspects of D’sara Sentral That Makes It A Worthy Investment
1. Premium-grade residential facilities
Complete with four residential blocks with a whopping 938 units, there is a home for everyone at D’sara Sentral. The towers are split into groups (SA1 and SA2, followed by SB1 and SB2), with each group enjoying the same exquisitely designed layout and facilities.
Residents are in for a treat, thanks to the condo’s lap pool, floating lounge, bubble pool, and sky spa. The mixed development features an extensive range of amenities for much-needed rejuvenation. From the reflexology path, fragrance garden, to the gym and yoga room, this is the perfect setting for those who crave tranquility.
Source: Mah Sing Properties, D’sara Sentral
Towers SB1 & SB2 feature a different poolside look, with a 50m infinity pool, wading pool, floating gym, aqua gym, and a sunken lounge. Unique to these towers is a treasure play centre complete with an outdoor gym, kindergarten, rope-climbing section, and even an alphabet park. With these amenities, recreation and rejuvenation are the order of the day.
2. Small Offices Versatile Offices Aplenty
Home? Check. Play? Check. Work? Check. Next in line would be the convenient SoVos located within the multi-functional development. Professionals can choose from 322 suites in a 32-storey tower. A Zen garden and abundant green spaces complete the interior of the building.
3. Unrivalled Accessibility
Travelling to D’sara Sentral? This opulent complex is easily accessible from the north and south via several major highways: Guthrie Corridor Expressway (GUTHRIE), New Klang Valley Expressway (NKVE), North-South Expressway (NSE), Damansara-Puchong highway (LDP), Sprint highway (SPRINT), and Duta-Ulu Kelang Expressway (DUKE). Residents are just a 30-minute drive from Kuala Lumpur or Kelana Jaya and a 15-minute drive from Kepong or Rawang. Soon, a covered sky bridge will connect the condo to the upcoming Kampung Baru Sungai Buloh MRT station. Enjoy the best of contemporary retail therapy and an opulent living experience you can only dream of!
Want to get a direct developer price for D’Sara Sentral?
Talk to our
experienced property consultants.
Call +60 16-299 1366 to learn more!


East Residence: The Best of Kuala Lumpur Right at Your Doorstep

Written by:
 Henny Maherah
East Residence offers you the best of Kuala Lumpur, all from the comfort of your home. Located in Bukit Kiara, East Residence boasts of a selection of 126 exclusive landed units, ranging from 4-storey courtyard villas to 2-storey and 3-storey townhouses. These units are as big as 2,400 sqft to 5,488 sqft. With such a wide variety of units, you can be sure to find one that satisfies your needs.
3 Reasons why East Residence is a Perfect Home
1. Bringing Your Ideal Holiday Destination to You
Leisure and relaxation have never been easier with East Residence’s own private clubhouse, fully equipped with a lap pool, jacuzzi, home theatre room, and gym. With a complimentary lifetime membership to Tournament Player’s Club (TPC) Kuala Lumpur, tee time is now unlimited at Malaysia’s most exclusive golf course.
2. A Nature Lover’s Paradise
Situated just 2.6km away, Rimba Kiara Park provides a convenient way for you and your family to be in touch with nature. Gather the children at the end of a long work week and enjoy a tranquil afternoon at the park.
Looking for an alternative way to relax? There are seven themed courtyard gardens within the property, perfect for a morning stroll with your family.
3. Accessibility and Convenience
Looking for quality education nearby? East Residence is located within the proximity of international and local educational institutions such as the British International School (BIS) and the University of Malaya (UM).
Need some retail therapy? Fret not, East Residence is in the midst of the best shopping destinations like Mid Valley Megamall, Bangsar Village, and One Utama.
East Residence is the perfect haven for you and your family to be one with nature without missing out on the exciting city lifestyle. With such a great location, close-knit community, and superb amenities, what more can you look for in a dream home?
Is East Residence the perfect home you and your family have always dreamt of? Contact our
in-house agents
 to find out more!
Call +60 16-299 1366 now!


Gamuda Land Sells Properties on e-Commerce Platform

Is selling houses online through an e-commerce platform happening right now?
Apparently it is for Gamuda Land, the property development arm of Gamuda Berhad, which is an engineering, property and infrastructure company.
The COVID-19 pandemic is the main reason for this push. Gamuda Land has partnered with Shopee to reach out to a wider group of potential consumers, acknowledging that consumer patterns are rapidly shifting towards online platforms.
Customers can browse from serviced apartments to landed homes and purchase through the shopping platform or speak to Gamuda Land’s representatives if they have any enquiries on the property and terms and conditions of any promotion before finalising their purchase.
Looking for a brand-new home? Talk to our real estate consultants and get VIP agent service!
With
Ohmyhome’s trusted agent services
, we can help you buy, sell, rent and lease out properties according to your needs and requirements.
Call +60 16-299 1366 today.
Source:
New Straits Times


Greener and Cleaner Malacca River During the Movement Control Order (MCO)

Sungai Melaka, located in the historical city of Malacca, is now so clear that people can see schools of fish swimming around. The river has not achieved this level of cleanliness for a long time.
Sungai Melaka water has been cleaner during the Movement Control Order (MCO) due to the lack of human activities. Previously, it was very busy with boats plying the river, causing its water to be murky.
The Department of Environment (DOE) took
158 enforcement actions
 against premises and individuals for polluting the environment, especially rivers.
Not just fishes, but sightings of various animals such as monitor lizards have also been reported. This development excites a lot of Malaysians, most of whom agree that they need to keep the river clean for future generations.
Our team has put together a convenient pack for you and your family. Check out tips for maintaining your family’s health, working remotely, facilitating home-based learning, and so much more.
Download for free!
For now, stay safe by
boosting your body’s natural defences
. If you’re working from home, here are some handy tips to
maintain productivity
 or
remain focused even with kids around
.
Sources:
The Straits Times
,
The New Straits Times


Guide for First-Time Renters in Malaysia

Moving out to your own place is a big step and a life decision that should not be made lightly. Once you’ve made the decision to rent, how can you make the process as smooth and stress-free as possible?
Here are some tips for finding the perfect rental home in Malaysia and securing a tenancy agreement that suits your needs.
1. List down your needs and wants
Know exactly what you need and want in a rental unit. What factors are not negotiable, and what can you compromise on? By determining the particular features you seek will make it easier to narrow down options.
Here are some questions you need to address:
How long do you plan to stay in the area?
How far is the rental property from your office?
What public transportation options are available?
Is it near grocery stores, a hospital, and other amenities?
Is the area safe or are there issues with crime?
How many people will occupy the rental unit?
Your list of needs can include the number of bedrooms and bathrooms, the layout of the home, and fixtures like closet space. If you own a car, you’ll need to ask if the unit comes with a parking spot. Would it be more cost-effective for you to buy your own furniture, or go for a semi-furnished or fully furnished place to rent?
Before you move in, take pictures and list down the property’s contents and existing damages, regardless of how insignificant you may think it is at the time. This is so when your lease is up, you’ll avoid paying extra for things you were not responsible for.
2. Understand the Tenancy Agreement
You might be wondering if a tenancy agreement and a lease are the same, and if the terms are interchangeable. Though both are legal agreements, a tenancy refers to the rental of a property for three years or under and does not need to be registered. A lease requires registration as the agreement rental period is longer than three years.
Before you sign
The tenancy agreement is a legally binding contract between yourself and the landlord. Throughout your leasing period, you will surely need to refer to the agreement, which is why asking for a copy of the signed agreement is advised.
Understand the agreement by reading it carefully, and get a lawyer or someone with rental experience to read it too. If you have a verbal agreement with the landlord, make sure you write it down and include these terms in the official agreement.
Your leasing agreement will usually detail important information such as when is the rent due, what the late penalties fee would look like, and how to submit a concern about the property or a maintenance request. The agreement will also include details of your responsibilities as a tenant.
Pay the deposit
You will be required to put down a security deposit before moving in, usually amounting to two or three months of the monthly leasing fee. The deposit will be returned to you at the end of your tenancy agreement or may be used to pay for any possible damages that may have occurred when you were leasing the place.
At the end of the lease
Most landlords will look for a tenant who can stay for a minimum of one to two years. This is so they won’t have to worry for a long period that the house will just be sitting there with no rental income. They may also have plans for the property that may interfere with your timeline plans. So, plan and be honest about how long you see yourself living there.
Towards the end of your leasing period, your landlord may offer you a renewal on the lease, usually with the same or similar points as the previous tenancy agreement. However, if you decide that it’s time to move, you are required to provide a minimum of two month’s notice in writing.
3. Know your rights and responsibilities as a tenant
Tenant rights
In Malaysia, there isn’t a specific act in place to govern landlords and tenants. However, the Malaysian Bar does note that there are several provisions under Part 15: Leases & Tenancies of the National Land Code 1965, that are usually implemented to solve any disputes related to tenancy.
A heads up if you ever find yourself in the situation of not having paid your due rental, it is unlawful for property owners to evict tenants or recover possession of the house or room without a court order under Section 7(2) of the Specific Relief Act 1950. Any extreme measures such as changing the locks or kicking out tenants without necessary court documents to show will result in landlords being sued for trespassing by their tenants.
Tenant responsibilities
The responsibilities of a tenant will often be detailed within the tenancy agreement and can vary from agreement to agreement. Nevertheless, most will fall along the lines of avoiding damages to the property and paying for repairs if you or your guest cause damages to the place. You will also have to report problems, like mold or water damage to your landlord promptly so that they can have it fixed.
You also need to allow your landlord to conduct inspections and necessary maintenance work, provided they give you notice ahead of time. Other responsibilities include paying rent on time and following the rules outlined in the agreement, such as no sub-letting unless stated differently in the agreement.
Make sure to follow the list of rules and responsibilities if you want to renew your lease or get your deposit back.
Looking for listings to lease? Download Ohmyhome from
Play Store
 or
App Store
 now! or website will easily match you to your dream home.


Why You Should Buy A Property In Kuchai Lama

Just as you would research the features and the benefits of purchasing a car to see if it will fit in with your needs and lifestyle, buying a home in a new neighborhood is no different. We’ve listed down four key reasons why Kuchai Lama is an up and coming neighborhood that everyone should want to move to.
Kuchai Lama is similar to the other surrounding areas that make up the federal territory of Kuala Lumpur (KL) as it was once merely a housing suburb with rows of shops run by residents. Fast forward to today, through the efforts of the government, property developers and the large tight-knit community, the district’s development is thriving both commercially and residentially with so much to offer.
4 reasons why you should call Kuchai Lama home
1. The Convenience of KL
Kuchai Lama has become sought after in recent years as developments have attracted many new and potential residents. This is a direct result of the scarcity of land and rising property prices in KL’s city center. Kuchai Lama offers residents new and old a taste of KL whenever their hearts desire while doubling as an escape from the noise and traffic that is often associated with city life.
Residents have unlimited access to the best food and retail that KL has to offer. Shopping haven Midvalley and The Gardens, two of Malaysia’s largest malls are only a 15-minute drive away. You’ll also find popular eateries, food courts, cultural and historical sites, and nightlife hotspots just a stone’s throw away.
Those working in the city but reside in Kuchai Lama will surely find the convenience of living in close proximity as an added bonus to the growing list of convenient reasons to live here. Say goodbye to the hours spent in traffic jams during morning and evening rush hour.
2. The Neighborhood
Kuchai Lama residential neighborhoods are a perfect mix of the old and the new. There are low-cost flats and apartments, along with single and double-story houses that have been around for decades, while new developments consist of mainly landed homes in gated communities and high-rise condominiums in different price ranges.
M Oscar
 is a freehold high-rise condominium by one of Malaysia’s top property developers MahSing, that is currently in construction and set to be completed in the year 2023. The property was designed with three key features in mind to create an inviting home for its residents, and is incorporated in every part of the building, from the lobby, to the units, and including the facilities.
Situated strategically just off Kuchai Lama, residents of M Oscar will be left in awe every night with breathtaking views of KL’s skyline from the comfort of their homes. Buyers will have four unit types to choose from, ranging from two to four bedroom options (780 sq ft to 1,198 sq ft) from a starting price of RM428, 000.
M Oscar comes fully equipped with a 2.7-acre facility podium for its residents to relax, re-energise and to create memories with their families in social spaces such as the pool and playground. The facility podium is made up of 12 different facilities, including a multipurpose hall and a gymnasium.
3. The Developing Commercial Sector
The ever-evolving neighbourhood of Kuchai Lama’s commercial sector provides residents with an array of options that don’t always mean they have to drive into the city when they don’t want to. The area holds its own against the KL food scene, with popular and new exciting eateries that will surely please the taste buds of any
Malaysian foodie
.
The NSK Trade City is located right opposite M Oscar, only a 1.5 km drive away. Residents will have their pick of fresh ingredients at an affordable wholesale price. You’ll be able to shop for all your household needs at any time in this sprawling store that is open 24/7 and stocked with both popular and household name brands.
4. Accessibility
Kuchai Lama is located in a sought-after location, and it’s not just because of its close proximity to KL, but also because it’s only a 20-minute drive into Petaling Jaya. The developments and improvements made to the transport infrastructures in the area have provided residents with links to several highways, such as the Shah Alam Expressway (KESAS), Kuala Lumpur-Putrajaya Maju Expressway (MEX), Sungai Besi Expressway, New Pantai Expressway (NPE), SMART Tunnel and Federal Highway.
Getting around the area or to other parts of KL is easier than ever, and even possible without a car. There are new projects currently in works for upgrading the public transport options in Kuchai Lama, among them are the long-awaited MRT2 stations. The stations will be located in Kuchai Lama and Taman Naga Emas, in connection with the upcoming Sungai Buloh-Serdang-Putrajaya Line.
Looking for a brand-new home? Talk to our real estate consultants and get VIP agent service!
With Ohmyhome’s
trusted agent services
, we are able to help you buy, sell, rent and lease out properties according to your needs and requirements. As part of the Ohmyhome ecosystem, not only would you have the support of an individual agent, but the company as a whole.
Call +6016-299 1366 today.


Housing Loans: Factors That Affect Your Eligibility

According to a report,
 one out of two housing loans are rejected in Malaysia,
 which is no doubt a shocking statistic. It implies that half the loan applicants in Malaysia are denied the chance of owning property and may have to continue renting for an extended period of time.
Many have pointed their fingers towards the banks for not approving many of these loans. However, these strict loan approval guidelines are set in place to protect both the banks and you, the future homeowner.
While it may be disheartening to be denied a home loan, it also means that you are not taking on more debt than you are supposed to. This helps you avoid more systemic problems with your personal finance down the road.
But if you are confident that you are ready to take on the responsibility of being a homeowner, here are some factors that play an essential role in determining your loan eligibility.
4 Factors That Affect Housing Loan Eligibility
1. Loan-to-value (LTV) ratio
The LTV ratio is a risk assessment tool used to determine how much the bank is willing to finance on the homebuyer’s behalf. This ratio is based on the property value.
Since 2010, Bank Negara Malaysia has regulated the LTV ratio for residential properties. For homebuyers looking to purchase their first or second property, you can typically expect a maximum LTV ratio of 90% for your mortgage.
For property worth RM500,000, you could expect to borrow a maximum amount of RM450,000 or 90% of the property’s total value.
For the third property onwards, you can only borrow a maximum of 70% of the value of the property to minimise the risk of overleveraging. The only way for you to re-unlock the 90% LTV ratio again is for you to pay off the remaining debt from your previous loan fully.
However, homebuyers can gain a slight advantage over this ruling policy by not purchasing the property under a joint name account.
First-time homebuyers typically purchase a property under a joint account with their spouses. While there are several advantages of doing so, by opting for a joint loan account, you would be taking up two “quotas” instead of one.
If both spouses decide to purchase properties separately, they could potentially finance up to four properties under the 90% LTV ratio, provided that both spouses have decent income capabilities.
2. Debt-to-service ratio (DSR)
The DSR is simply a measurement of your available cash flow. This allows lenders to gauge how likely it is for you to pay off current debt obligations.
For example, both Mr Tan and Mr Lim earn a monthly gross income of RM6,000, and both of them would like to buy a new home. Mr Tan does not have any debt obligations, but Mr Lim is servicing a hire purchase loan of RM500 per month for a car that he recently bought.
From the bank’s perspective, Mr Tan is a much more attractive loan applicant compared to Mr Lim because he has a better ability to service his loan due to his lower debt obligation despite having the same exact income.
In Mr Lim’s case, provided that he has no additional debt obligation, his DSR is calculated as follows:
RM500 debt / RM6000 income x 100% = 8.33% DSR
That said, 8.33% is an extremely low DSR and Mr Lim should not have any issues getting his loan application accepted. DSRs are not highly regulated, and all banks have internally determined their respective DSR. The more you fall within the range, the higher the chance that you will be able to get approved for the loan.
In fact, the DSR is also not unique to property finance, as the terminology is also used in corporate and government finance to gauge how likely it is that these entities can finance their debt.
3. Credit score
Without a doubt, your creditworthiness is an important, if not the most important element when it comes to determining your loan eligibility.
If you have been diligently paying off your water and electricity bills, diligent in paying off your car loan, it shows that you are responsible with your personal finance. This will, in turn, build trust amongst banks that you have the capacity to take on a significant amount of debt.
There are multiple ways to obtain your credit score, but by far the most direct way of doing so is through a local credit reporting agency.
CTOS
 is, by far, the most popular private agency in Malaysia right now, but you can also obtain your credit score from the
Central Credit Reference Information (CCRIS)
 managed by the Credit Bureau of Bank Negara Malaysia.
Obtaining a report is not that expensive – under RM30. However, credit agencies usually offer free personal reports during sign-ups or free report promotions within a limited time. It pays to have a copy of your personal credit report to determine your creditworthiness. It’s useful to find out how you can improve your credit score based on the debts you have on hand.
For fresh graduates looking to buy a property, one easy way to build your credit score would be to apply for a credit card as soon as possible, use it, and pay it all in full diligently. Doing so as early as possible will give you an edge compared to your peers if you plan on investing in real estate at an early age.
4. Your bank’s risk profile

While many of our readers may aspire to become one of the best investors in the world, none can come close to beating banks in their own game.
Breaking down investments into its fundamentals, it is ultimately the balance between risks and profitability. And banks have built their entire business models around these two factors, employing world-class mathematicians and sophisticated algorithms to determine the amount of risk they are willing to accept in exchange for profit.
It pays to view banks with this perspective. At this point, property owners are the investment products and the banks are the investors themselves. And just like any prominent investor, banks come with a variety of risk profiles as well.
You can gauge the personality of banks easily based on the mortgage rates that they employ. Banks who offer mortgage terms that provide lower interest rates are generally much more selective in offering mortgages.
Conversely, you are more likely to have an easier time obtaining loans from banks that offer higher interest rates or banks that heavily push for upsells such as mortgage insurances to make up the profits.
While there are other prominent factors at play, it is hard to deny that the bank’s brand, “personality,” and risk profile all play a role in determining whether you will obtain your loan.
By understanding the factors listed above, you should have a clear understanding of whether you are eligible for certain loans.
All of this information further highlights the importance of managing your personal finances well. As long as you are responsible with your money as well as cash flow, you can take advantage of investment opportunities. In turn, you can leverage these real estate investments to build even more wealth in the future.
Investing in real estate should be accessible to anyone and everyone.
Don’t be intimidated by this seemingly complicated process.
Ohmyhome
 can help you with your property investment journey. We provide top-tier services by trusted real estate professionals from start to finish.
Call +60 16-299 1366 today!


Housing Mismatch: A Key Issue in the Malaysian Property Market

Written by:
 Henny Maherah
The Malaysian housing market has been bombarded by persistent challenges in recent years. The mismatch between housing demands and property developments is a key issue that needs to be targeted for a better outlook in the Malaysian housing market.
Mismatch of Housing Affordability and Availability
Property prices have consistently increased since 2009, resulting in overhang housing units. A total of
50,008 units worth RM34 million
 were left unsold in 2019.
The majority of these unsold units include SoHo units and serviced apartments. Despite the high volume of overhang units, property developers continue to embark on projects without regard for the target population’s purchasing patterns.
Possible Solutions From Public and Private Sectors
To counter this issue, developers are urged to conduct sufficient research of their targeted buyers, particularly in understanding the purchasing power of the population. Past efforts include the Housing Ownership Campaign (HOC) issued in 2019 to enhance sales of overhang units. From this campaign, 31,415 housing units worth RM23.3 billion were sold as reported by Housing and Local Government Minister, Zuraida Kamarrudin. The repeat of such state initiatives this year could further encourage the sale of the remaining overhang units available.
Through government efforts and more focused property development projects, the housing market in Malaysia could be improved, providing affordable homes for all.
Curious about new launches or government housing initiatives? Talk to our
in-house agents
 to find out more!
Contact us at +60 16-299 1366 today!
Source:
New Straits Times


How Are Malaysian Property Developers Responding to the Economic Downturn Caused By COVID-19?

Written By:
 Henny Maherah
How is the Malaysian property sector responding to the economic downturn caused by
COVID-19
? In a surprising turn of events, property developers in Malaysia are engaging more clients from Hong Kong.
Hong Kong Buyers Puts Property Investment in Malaysia On Hold
Interest in the Malaysian housing market reached a strong peak in 2019 as many Hong Kong residents attempted to flee from social unrest in their home country. Despite this promising start, property investment from Hong Kong has retreated by one-third ever since the COVID-19 pandemic in Malaysia. Investors and potential buyers are taking a longer time to decide on property investment due to the lockdown measures in Malaysia.
Efficient Response from Property Developers and Government
Nonetheless, Malaysian property developers have learnt to adapt to the turbulent times quickly and are introducing more attractive prices and packages to entice hesitant foreign buyers. With such enhancements, property developers are working with 20 to 30% more clients from Hong Kong in the first quarter of 2020.
Furthermore, government efforts such as the
Malaysia My Second Home (MM2H)
 scheme further encourages buyers to settle on their property plans. Through this scheme, long-term residency visas are offered when foreigners invest in homes priced above RM1 million. The scheme proved to be effective in securing more foreign investors in the Malaysian market when application for MM2H increased by 20% in the second half of 2019.
Adaptability is crucial within the property market to respond quickly and be flexible to global changes. This efficient response together with timely and relevant government initiatives, could result in a better outlook in the slow housing market in the near future.
Source:
SCMP
Wish to invest in the Malaysian property market? Talk to our
in-house agents
 to find out more!
Call us at +60 16-299 1366 today!


How Does Ohmyhome’s Property Agent Service Work?

Whether you’re a buyer, seller, landlord or tenant, your experience with our tech-first agent services will be a seamless breath of fresh air.
When you engage our agent service, you will have the best customer support team to answer any of your inquiries. This way, you’ll get the help you need when you need it.
Let us take you through the steps you’ll experience when you engage our trusted property agent service.
1. Contact our customer service
It starts from the minute you contact them via our hotline, app or website. The friendly and personalised service begins with speaking to our customer service that will assign an agent that specialises in your type of property and territory before setting up a face-to-face meeting to discuss your needs, property’s data, research and best market price.
2. Meet up with the agent
The comprehensive research will then be conducted by the agent, and findings will be compiled to form a report that is sectioned out into two categories, price and activity level regarding a location. This report is given to you, the client, so that you will have a clear understanding as to why the Ohmyhome agent would suggest an offer price quote if you’re a buyer, or a specific selling price, and marketing approach if you’re a seller.
3. Take photos and videos of the property
For sellers and landlords, when it comes to marketing your property no one takes the time and effort like the dedicated agents from Ohmyhome do. A picture can tell a thousand words, which is why our agents take it upon themselves to arrange a date and time to take realistic, accurate, and marketable photos of your property, instead of asking you to do it yourself.
Even better,
shoot a video tour
 of your home so that potential buyers or renters can get a better appreciation of the space.
Once you’ve taken great photos and videos, it’s time to advertise your property! Unlike other services, there is no cost-cutting when advertising your property on the first web page of our app and website. Your property advertisement will also be regularly refreshed so that it stays front and center until it’s sold.
For renters and buyers, you’re assured that the platform offers unique listings and high-quality photos that help you find your dream home.
4. Use our ShoutOut feature
The in-app ShoutOut feature will let you find and connect with our database of ready buyers.
For those looking to buy or lease a home, agent services will search through our extensive database to match your dream home.
5. Close the deal
Our agents will handle all price negotiations and conditions of sale on your behalf while keeping in mind your needs. The completion of the offer to purchase, along with the deposit collection, and the submission of documents will all be handled by our trusted agents, thus making the experience memorable and stress-free.
Want to learn more about our trusted
agent services
? Be sure to give our friendly customer care team a call at +60 16-299 1366 for more information. In the meantime, you can download our app from
Play Store
 or
App Store
 now!


Icon City at Petaling Jaya: Mixed Development with Seamless Fluidity

Written By:
 Henny Maherah
Located at the core of Petaling Jaya, Selangor, Icon City truly lives up to its name. Against the natural backdrop of the Kuala Lumpur skyline, this highly-sought after development is the perfect urban sanctuary.
Endorsed by the Malaysia Super Corridor (MSC) for its groundbreaking tech-savvy features, Icon City provides a seamless and convenient lifestyle for its residents.
3 Features of Icon Residence: City of the Future
1. Integrated living and seamless transitions
Icon City is a mixed integrated lifestyle development with your everyday lifestyle needs right at your fingertips. Icon City comprises both residential, office, and commercial spaces. There are 30 units of shop offices, 46 units of retail shops, a hotel, and a shopping mall.
Unique to Icon City is its small office virtual office (SoVo) tower, which was developed to cater to businessmen who are constantly on the go. SoVos are an all encompassing sanctuary where business meets leisure. All SoVo units are equipped with high-speed broadband features and a secretarial centre with video conference facilities. A sky garden and upcoming executive lounge are also available, along with a sauna, gym, and jacuzzi facilities.
Located in Icon Residenz 1, a 2-acre central park provides conducive space for an afternoon of relaxation. A Gourmet Street is also nearby to satisfy your gastronomic cravings. Over at Icon Residenz 2, a hotel and shopping mall the size of Mid Valley Mega Mall offers high-end retail brands. Luxury amenities such as a pool, gym, and sauna are also available for residents to retreat into tranquility.
2. Prime location near major highways
Located at the intersection between Federal and Lebuhraya Damansara Puchong (LDP) Highway, accessibility won’t be an issue at Icon City. It is also well connected to other highways such as the New Klang Valley Expressway (NKVE), ELITE Highway, New Pantai Expressway (NPE), and Shah Alam Expressway (KESAS).
For a fuss-free commute, Icon City is in close proximity to Seri Jaya KTM, Seri Setia KTM, and Kelana Jaya LRT stations.
Located at the core of Petaling Jaya, Selangor, Icon City truly lives up to its name. Against the natural backdrop of the Kuala Lumpur skyline, this highly-sought after development is the perfect urban sanctuary.
Endorsed by the Malaysia Super Corridor (MSC) for its groundbreaking tech-savvy features, Icon City provides a seamless and convenient lifestyle for its residents.
3. Function and fashion under one roof
Apart from the smorgasbord of retail amenities and recreational facilities, Icon City does not skimp on architectural aesthetics and functionality. The interior design at Icon Residenz 1 and 2 balances practical utility and comfort, all optimised to fit within one sophisticated space.
Icon City caters to residents of varying needs. For the businessman who needs a conducive home and office, 2- and 3-bedroom units are available with sizes ranging from 675 sqft to 1,405 sqft. Dual-key units are also available, with studio attachment units that make rental and space allocation easy. This floorplan is also ideal for multi-generational families who would prefer some privacy while living under the same roof.
The city from the future is here! With tech-savvy connectivity and seamless accessibility to all your everyday needs, Icon City is the perfect home for the urban family.
Grab this opportunity and make Icon City your home! Get in touch with our
in-house agents
 to secure your dream home!
Call +60 16-299 1366 today!


Impact of Movement Control Order On Malaysia Property Market

The implementation of the Movement Control Order (MCO) 2020 by the Malaysian government due to the COVID-19 crisis has caused many home buyers, sellers, tenants and landlords to press pause in their property transaction journey. Ohmyhome’s Property Agent, Vince Lai, shared his thoughts on the MCO impact on Malaysia’s property market.
According to Vince, the restriction of movement would see a halt in all businesses tied to the industry. All developer sales galleries would be closed, and there would be no viewings during the two weeks (18-31 March 2020) of the MCO. This means no buyer or seller activities can take place. Services such as construction, renovation, and legal conveyancing matters would also be unavailable.
If you prefer expert guidance, reach out to our friendly customer care team and start planning out the best ways to market their property once the order is lifted. Buyers and tenants can get matched with
readily available listings in our database
.
Once the MCO is lifted, you’ll have a headstart on your property journey!
Give us a call at +60 16-299 1366 now
The uncertain property market might have you feeling stuck, but that isn’t necessarily the case with Ohmyhome’s one-stop housing solution. Whether you’re a buyer, seller, landlord or tenant, head to the
Ohmyhome blog
 to answer some of your most pressing property-related questions, or to stay informed on the latest real estate news to make smart and informed decisions.


M Arisa at Sentul, KL City: Exclusive Multi-Level Sky Gardens

Featured Photo Source: Mah Sing Properties, M Arisa
Written by
: Syasya Nur
M Arisa, a serviced residences complex at Sentul, KL City. This 55-storey development grants visitors a prime address envied by many. Mah Sing Group once more launches a condo that seamlessly integrates nature into its building design and architecture, giving residents the perfect urban sanctuary in the outskirts of the city.
3 Reasons Why M Arisa Is the Ideal Urban Sanctuary
1. A Vertical Urban Forest
A garden in the city is a luxury that you can indulge in at M Arisa, thanks to a multi-level sky garden that covers ten levels. Plants cascade over the edge, breaking up the monotony of the concrete jungle. The blue tones of the sky and green hues of the forestry form a harmonious whole at the sky garden and the rooftop sky garden. Bask in the breathtaking view of the city skyline while surrounded by lush greenery.
Source: Mah Sing Propeties, M Arisa
2. Unit Sizes for Every Family
Ranging from 1-bedroom to 4-bedroom apartments, you can choose the unit size that best fits your needs. Each unit is oriented to face either the north or the south to maximise the warm natural light in your home. M Arisa takes care of every detail to integrate nature into your living experience, ensuring that your future sanctuary is apt, suitable, and cosy for you and your family.
3. The Perfect Balance of Privacy and Convenience
Given that M Arisa is interwoven between 4 matured neighbourhoods namely Batu Caves, Gombak, Kepong, Segambut, and Setapak, residents can look forward to convenient access to amenities. The condo is located a mere 5km from the KL city centre (KLCC), 7km from the Malaysia External Trade Development Corp Exhibition and Convention Centre, and 8km from Mont Kiara.
Residents can enjoy being near enough to the city centre to benefit from convenient access to essential amenities, yet far enough for to enjoy the peace and quiet. M Arisa charters a direct shuttle to the Sentul Timur LRT for its residents. The condo is also accessible via the Duta-Ulu Klang Expressway (DUKE).
Want to get a direct developer price for M Arisa?
Talk to our
experienced real estate consultants
Call +60 16-299 1366 to learn more!


M Arisa at Sentul: Smart Living for The Contemporary Family

Written By:
 Henny Maherah
M Arisa by Mah Sing is located in the newly revamped neighbourhood of Sentul, Kuala Lumpur. This sustainable development interweaves energy-efficient features into the urban architecture, bringing the tranquility of nature into your home. With optimistic prospects of the surrounding neighbourhood, M Arisa in Sentul is a home to look out for.
M Arisa at Sentul: Modern Living in the Heart of Kuala Lumpur
Smart Living For The Urban Family
With units ranging from a one-bedder to four-bedder apartments, M Arisa has a place for every family, regardless of size, to call home.
Unique to M Arisa is its energy-efficient features that are seamlessly integrated into the vicinity. A rain harvesting system supplements water usage of the development, placing less strain on water wastage. An urban farm is also available in the compound, providing opportunities for families to harvest their own edible plants.
With nature running seamlessly through the development, M Arisa specially curates not one, but three sky gardens. These sky gardens are easily accessible from all levels.
Low Density, High Vibrancy
While a wide variety and magnitude of units are available, this does not translate to an overwhelming volume of residents that could be a concern for certain families.
Over 50% of units are mostly built for single individuals and smaller families, effectively controlling the density of residents in the vicinity. Towering at 49 levels, M Arisa remains spacious and peaceful for families to roam around effortlessly.
Optimistic Investment Opportunity
With an affordable starting price from RM299,000, M Arisa is an ideal start for first-time buyers with plans to settle down. This would also be ideal for buyers seeking to rightsize in the heart of Kuala Lumpur.
More importantly, promising developments in the Sentul district would definitely make it the up and coming neighbourhood to look out for, with M Arisa at the core of it all.
Future changes in Sentul includes the
 YTL Land’s Sentul Masterplan
 that plans to expand the neighbourhood into Sentul East and Sentul West, creating specialised spaces for the thriving arts and nature scene in Sentul.
Be one with nature without losing touch of the city! M Arisa provides the best of Kuala Lumpur all from the comforts of your home. Learn more about
 M Arisa
 and why it is the perfect home for you!
Ready to invest in the home of your dreams? Talk to our trusted
 in-house agents
 to kickstart your home buyer journey!
Call us at +60 16-299 1366


M Aruna at Rawang: A Serene and Secure Township

Featured Photo Source: Mah Sing Properties, M Aruna
Written by
: Syasya Nur
Do you want to escape the frenzy of city life and cacophony of traffic? Bask in serene and picturesque rows of two-storey terraced houses in M Aruna. This mature and thriving suburbia nestled in Rawang brings you an exclusive residential lifestyle like no other. Beautifully landscaped with facilities that seamlessly integrate nature’s best traits, your family can look forward to a luxurious living experience.
3 Reasons Why M Aruna Is Perfect For Your Family
1. Top-Notch Design and Construction
M Aruna is the first pilot project to adopt the Industrialised Building System (IBS) using precast technology, which reduces workmanship faults. Each part of the structure is constructed with a high attention to detail in a controlled environment. As a result, the homes in this development are durable and ready to withstand long-term wear and tear.
On top of that, the meticulous north-south orientation of all houses minimises direct glare from the heat of the sun. Calming breezes are intended to ventilate and cool the interior of houses. Residents can enjoy the natural light from the sun throughout the day.
2. Premium Outdoor Facilities
Facilities at M Aruna are designed with nature in mind. In this community, you can take in the fresh morning breeze that’s free of the pollution of the city. Step outside for a refreshing morning jog on the jogging track or cycle around the bicycle park. Let your kids get their healthy and much-needed playtime at the fun treehouse-themed playground.
With many more facilities like the outdoor gym, reflexology path, hammocks, and more, you won’t run out of outdoor fun at M Aruna.
Source: Mah Sing Proprties, M Aruna
3. Accessible Shopping Centres and Schools
Life at M Aruna is like living in your private sanctuary with the freedom to step out whenever you desire – minus the hustle of the city. The Moga Jaya Mini market is conveniently located an 11-minute walk away from this opulent township.The nearest shopping mall, AEON Rawang, is also only 5 km away.
This secure community is surrounded by schools, making commuting easy for your children. The nearest schools, SK Taman Desa 1 & 2, are a mere 2 km away. Other options within a 9-km radius of the residence include:
SJK ¬© Kota Emerald
SJK ¬© Kundang
SK Sinaran Budi
SK Rawang
Want to get a direct developer price for M Aruna?
Talk to our
experienced real estate consultants.
Call +60 16-299 1366 to learn more!