{"url": "https://therooftalks.com/2016/06/21/guide-buying-first-home-kl/", "title": "Guide to buying your first home in KL", "body": "\n\nIt\u2019s finally \nthat\n time in your life where you start looking for your own home. Even before you begin, you\u2019re already thinking who to invite for your housewarming party. You\u2019re looking forward to the trips to IKEA. You\u2019re excited to meet your soon-to-be neighbors. You can\u2019t wait to finally have your own home.\n\n\n\u00a0\n\n\nBut\n where in the world do you begin\n?\n\n\n\n\nGoogle directs you to a list of websites which match your query \u201chomes in Kuala Lumpur\u201d. You spend an entire afternoon browsing through the pages of listings on these websites, feeling drained at the end of the whole process when you are still unable to find a property which fits your requirements. Your brain is cluttered with questions: \nHow do mortgages work? Are there government schemes to help me buy my first home? Are there additional fees I need to pay? For my salary, what kind of prices should I be looking at?\n\n\nIn this blog post, we help you answer some of these questions and walk you through the process of buying your very first home.\n\n\n___\n\n\nPRICES\u00a0\u2013 the big scary number which dwarfs your monthly income and makes you feel a little uneasy about your decision to buy a home. For most of us, this would be the most important factor in purchasing a home. However, the prices of homes are usually 6 or 7-digits, making it very difficult to estimate without prior research. You really need to do an extensive market research to assess wheter or not a property is correctly valued or not.\n\n\nFurthermore, banks only offer mortgages of up to 90% which still leaves a significant 10% to be paid as a down-payment. For an average property in Kuala Lumpur, a prospective buyer has to fork out over RM80,000 in cash to purchase the house. Luckily, the Malaysian government has introduced certain schemes to make this process easier on prospective buyers. The \u2018First House Scheme\u2019 known as \nSkim Rumah Pertamaku (SRP)\n allows mortgages up to 100% whilst maintaining the interest rate which needs to be paid.\n\n\nHowever, there are many tight eligibility rules for participating in this scheme. This scheme only permits mortgages for homes between the prices of RM100,000 and RM500,000. It is only open to Malaysian citizens below the age of 40 with a gross income of not more than RM5,000 a month. It is also limited to employees in the private sectors or government sectors which do not provide housing financing. Meaning that if you are self-employed, make more than RM5,000 a month, are above the age of 40, or want a property which costs more than RM500,000, you are not eligible for this scheme.\n\n\nLet\u2019s assume you \ndon\u2019t\n qualify for this loan because you want to purchase an average non-landed property in Kuala Lumpur, which would cost approximately RM650,000. On average, banks charge an interest rate between 4.5%-5.0% which has to be paid off in 30-35 years. Assuming you take a 90% loan on your RM650,000 property at a 4.5% interest rate with a maximum tenure of 30 years (yes, it\u2019s a \nvery\n specific loan), it would cost you RM2,950 monthly for the next 30 years.\n\n\nAs a rule of thumb, your mortgage should not constitute more than 25% of your income. Hence, your monthly household income should exceed RM11,800 to be looking for a RM650,000 home in Kuala Lumpur. Here are some other benchmarks to help you estimate the price range of your prospective home:\n\n\nAt a 90% loan for 30 years:\n\n\n \n\n\n \n Information obtained from: \nhttps://loanstreet.com.my/home-loan\n\n\nWe\u2019re still not done here. There is still the 10% down-payment which has to be paid as well as various other miscellaneous fees. These fees include: \nSales & Purchase Agreement fees, Loan Agreement fees, Real Estate Agent\u2019s Fees\n. That\u2019s \na lot\n of fees. Assuming the cost of the Real Estate Agent\u2019s Fees are borne by the sellers (common practice), the entry costs of buying a home are as follows:\n\n\n\n\n \nCalculated using: \n//1-million-dollar-blog.com/calculators/legal-fees-and-stamp-duty-calculator/\n\n\nYes, that\u2019s how much you have to pay up-front to buy a home in Malaysia. With the monthly mortgage, it\u2019s a really hefty sum of money. Because of this, you\u2019d want your home to be \nas perfect as possible\n \u2013 which means other qualitative factors are super important as well. Here are some non-price considerations you may want to have when choosing a home:\n\n\n 1. Quite obviously, \nsize\n.\n\n\nShowcase interior\n\n\nIf you and your spouse are looking for your first home together, probably a home like this wouldn\u2019t be the best idea. One of the most important things you should consider when buying a home is how big it\u2019s going to be. However, being a first-time home buyer you may be unsure of the dimensions of a \nhome. Here\u2019s a rough guide of how you can estimate the size of your home:\n\n\nStudio apartments ~ 500 sqft (1 bedrooms 1 bathrooms)\n\n\n Flats/Apartments ~ 700-1000 sqft (3 bedrooms 2 bathrooms)\n\n\n Condo ~ 1200-1600 sqft (3 bedrooms 2 bathrooms)\n\n\n Terrace ~ 1500-3000 sqft (3/4 bedrooms 2/3 bathrooms)\n\n\n Semi-D ~ 2200-4000 sqft (4/5 bedrooms 4/5 bathrooms)\n\n\n Bungalow ~ 4000 sqft upwards\n\n\n2. Location\n\n\n\n\nOther than the size of your home, one thing you \nhave\n to make sure you take into careful consideration is its location. Your home should be reasonably close to your workplace, near train stations or bus stops, or even near shopping malls for extra convenience. Sometimes, purchasing a home near a good school could even increase its value!\n\n\n3. Design and condition\n\n\n\n\nLastly, before you go ahead and purchase that dream home of yours, don\u2019t forget to consider the design of your home. If it\u2019s already designed to your liking, that\u2019s a big plus point \u2013 for your wallet. On the other hand, you should also consider the condition of your home. Poor piping systems which results in leaks and consequently mold could pose serious health threats to you or your children.\n\n\n\u00a0\n\n\nAll in all, buying your first home is definitely a daunting task \u2013 but trust me, that feeling of holding your house keys for the first time is magical.\u00a0You\u2019ve finally entered a new phase of your life.\n\n\n___\n\n\nBumbung is a technology startup in the Real Estate marketplace. The team behind it are people who believe that things can be done better for both Real Estate agents and users. We\u2019re all about connecting the right people with the right homes, through shortlisting and curating the best that the property market has to offer. By enabling ratings and reviews, we\u2019re enabling users with trust and transparency while keeping agents on their toes to deliver the best results.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \u00a0\n \n\n\n\n\n\n Next Article \n\n\n\n\nNew vs. Old homes? Decide which to buy\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/07/01/new-vs-old-decide-which-to-buy/", "title": "New vs. Old homes? Decide which to buy", "body": "\n\nShould you purchase a new house or an old house? Is it better to buy a house under construction or one that has been completed or occupied? Here are some factors that may help you decide which to buy.\n\n\n\n\nIn all, it should fulfil your needs and the situation at hand whether or not you choose to buy a new house or an existing ones. If you need a house real quick, then finding a house would make more sense. However, for those who can wait, you should lookout for the best deals from the newly launched housing projects. \n\n\nThis post was brought to you by Bumbung.\u00a0\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nGuide to buying your first home in KL\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n6 Tips to negotiate with an agent\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/07/28/6-tips-to-negotiate-with-an-agent/", "title": "6 Tips to negotiate with an agent", "body": "\n\nMalaysia and especially Kuala Lumpur is a buyer\u2019s market. According to \n//www.investopedia.com/\n ,\u00a0\u00a0 a buyer\u2019s market is a situation in which supply exceeds demand, giving purchasers an advantage over\u00a0sellers\u00a0in price negotiations.\n\n\n1. Negotiate the price but don\u2019t forget that the point of negotiation is seeking mutual benefit\n\n\nDon\u2019t try to make a ridiculous offer to try to \u201csteal\u201d the property. Agents know the true value of theirs properties so don\u2019t waste both of your and their time with an inappropriate offer. If you are not sure what the property is worth, then continue to research and compare with similar existing offers.\n\n\n\n\n2. Don\u2019t let pride making you giving up the negotiation\n\n\nEven if you consider that you already moved your price much more than\u00a0the agent did, don\u2019t let pride making you giving up the negotiation. Remember that negotiation is a win-win process. Your initial offer might be too far away from the agent\u2019s expectations. This is why he might not consider to move.\n\n\n3. Move a small amount\n\n\nDon\u2019t hesitate to make small amounts moves. Buying a house happens only a few times in your life. Always try to keep a negotiation moving. You are not wasting your time moving a small amount.\n\n\n4. Try to negotiate more than the price\n\n\nYou can also try to negotiate booking fee, spa legal fees or loan agreement fee.\n\n\n5. It\u2019s not always all about the money\n\n\nCulture, habits, customs, personalities, circumstances, time, and ego often play important and sometimes dominant roles in negotiations. Take them into consideration !\n\n\n6. Be patient and wait for the response\n\n\nOnce you\u2019ve made your offer, wait for the response. No need to make further concessions until you know what the agent might accept. Especially on a buyer\u2019s market such as Malaysia.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\nSources :\n\n\n //www.paragon-re.com/Real_Estate_Negotiation_Tips\n\n\n //www.zerinproperties.com/residential-why-use-agent.shtml\n\n\n //hoa.org.uk/advice/guides-for-homeowners/i-am-buying/top-tips-clever-questions-to-ask-the-estate-agent/\n\n\n //blog.andrewduncan.co.nz/how-to-negotiate-like-a-pro-what-most-agents-dont-want-you-to-know/\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nNew vs. Old homes? Decide which to buy\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow Pokemon GO can help property agents\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/08/03/how-pokemon-go-can-help-property-agents/", "title": "How Pokemon GO can help property agents", "body": "\n\n\u00a0\n\n\nPokemon GO has already been launched in several countries worldwide and the statistics about the game are crazy:\n\n\n\n\nOn July 8th, only 2 days after Pok\u00e9mon Go\u2019s release, Pok\u00e9mon Go was already installed on 5.16% of all Android devices in the US.\n\n\nPokemon GO was already installed on more US Android phones than Tinder.\n\n\nPok\u00e9mon GO attracted just under 21 million daily active users in the United States (12th July, 2016)\n\n\nPok\u00e9mon GO surpassed Candy Crush saga\u2019s peak US smartphone audience of 20 million and making it the biggest mobile game in US history.\n\n\nPok\u00e9mon GO was being used for an average of 43 minutes, 23 seconds a day, higher than Whatsapp, Instagram, Snapchat, and Messenger.\n\n\n6% of Australian Android users use Pok\u00e9mon Go daily (13th Jul, 2016). 15.13% of Android users in New Zealand have installed Pok\u00e9mon Go (13th Jul, 2016)\n\n\n\n\n\u00a0\n\n\nThe game should be released in Malaysia really soon and more than 50\u00a0000 fans already gathered on the \nPokemon GO Malaysia\n Facebook page.\n\n\nBut Pokemon GO is more than just a game. It appears to be a fantastic marketing tool. Shops, restaurants but also property\u00a0agents can use it to take advantages on their competitors.\n\n\nHow Pokemon GO can help estate agents:\n\n\nOne of the most interesting feature in the game is called \nlure modules\n. This object will attract the Pokemons hiding in the area to a specific location for 30 minutes. You can buy lure modules in game with real money. More Pokemons in the area means more players or more potential customers.\n\n\nWhere & when to use my lure modules?\n\n\n\n\nOpen House\n\n\n\n\nIf you are holding an open-house event, it is the best moment to use your modules. It will attract many Pokemon GO players. Even thought they might not be interested at first in buying or renting your property, they might change their mind. If they don\u2019t, their presence will appear as other potential buyers and will create a competitive atmosphere among buyers.\n\n\n\n\nProperty fairs\n\n\n\n\nIf you are at a property fair, you can also activate lure modules in order to attract players into the fair and specifically to your stand.\n\n\n\n\nAdditional benefits\n\n\nThe presence of rare Pokemons around properties to rent or to sale can also be a selling point. Indeed, if the buyer can choose between 300 identical units, the presence of Pikachu might help him to make his decision. \u00a0Therefore, property ads should mention the presence of rare Pokemons in the area.\n\n\nIf you have any more tips to share with us, please comment this article !\n\n\nThis post is brought to you by Bumbung.\n\n\nGet genuine leads today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n6 Tips to negotiate with an agent\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to find the best property agent\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/08/04/how-find-best-property-agent/", "title": "How to find the best property agent", "body": "\n\nIf you want to buy, sell or rent a property, you will have to deal with a property agent. However, more than 17\u00a0000 property agents are currently working in Kuala Lumpur and Selangor. Its understandable if feel lost and wonder how to find the best agent to help you.\n\n\n\u00a0\n\n\nHere are 5\u00a0tips to help you find the perfect agent:\n\n\nGet Referrals\n\n\nFirst step, make sure to know who you are dealing with. More and more fake agents are trying\u00a0to scam potential buyers nowadays. You can check if the agent you are in contact with has a Real Estate Negotiator (REN) number on \nwww.lppeh.gov.my\n. This service is free and might avoid you serious troubles.\n\n\nSecond step, ask around you! Talk to your friends, family, or co-workers and ask them if they can recommend you someone.\n\n\nThird step, use the internet. Many people are writing reviews about estate agents, especially when they are not satisfied, on social networks. It will indicate who you should avoid.\n\n\nOn \nBumbung.co\n, all the agents have verified REN and are subject to ratings by the users.\n\n\nDeal with a Local Expert\n\n\nA local agent will be more familiar with particular neighbourhoods, the local scene, schools, or the facilities in the area. In addition, he\u00a0will be able to evaluate more accurately the property market of the area.\n\n\nGet online\n\n\nTech Estate companies are growing and technology is becoming a vital part of modern real estate, both for buyers or sellers and agents.\n\n\nRather than going through thousands of listings, using the appropriate platform can save you a lot of time and energy. On \nBumbung.co\n, users key-in their requirements and receive personalized offers from the agents.\n\n\nDon\u2019t decide under pressure\n\n\nIn Malaysia many properties are available, therefore, there is no need to hurry. Many agents will try to make you sign the contract as fast as possible but hold your horses, we believe building a \ntrustable relationship\n is essential. The best agents will be the one who let you compare several offers and will avoid putting pressure on you.\n\n\nLook for Experience and awards\n\n\nPeer-given awards can also indicate an earnest agent. The rewards are usually given based on other agents\u2019 judgement, which is a good indicator to find the best agent.\n\n\nHave you found a home through Bumbung? \nHere\n are 6 tips you should know when you meet an agent.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow Pokemon GO can help property agents\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nTime to consider a home in Johor Bahru\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/11/23/consider-a-home-in-johor-bahru/", "title": "Time to consider a home in Johor Bahru", "body": "\n\nUrban slickers looking to expand their resume of impressive city homes can now look to southern Malaysia for assuring prospects.\u00a0\nCountry Garden\n, a Guangdong-based property developer, is currently setting up \nForest City\n, a utopian homeland set to take Johor Bahru\u2019s Iskandar Malaysia zone by storm in the near future.\n\n\n\n\n\n\n\n\nThe emerging smart-eco city rests atop four man-made islands. Its perimeter is said to be \nfour times the size of Central Park, New York\n, and\u00a0\nthree times that of the neighbouring Singapore\n. Not a surprising feat, given that it needs\u00a0to hold\u00a0a whopping 500,000 apartment units!\n\n\nBut beyond its surefire capacity to hold a big\u00a0population, Forest City is first and foremost a lush\u00a0environment to live in.\u00a0Recalling to mind the sci-fi\u00a0blockbuster\u00a0\nElysium\n, the city looks heaven-sent a vista of greenery, examplified by the\u00a0parks and activity spaces scattered across it.\n\n\nAnother feature to note is the city\u2019s railway system, which hints of the hyper-connectivity to come for future residents. The urban planning concept behind it also ensures that\u00a0pedestrians are safe to walk on the grounds away from speeding vehicles.\n\n\nForest City will cater to the career-driven urbanites also looking to rear other\u00a0focuses in life such as family, education, and community. On top of hosting office towers, the expansive site will also include hotels, shopping malls, and an international school.\n\n\n\n\nPhoto: \nForest City\n\n\nThis article has been brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nforest city\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to find the best property agent\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHome improvement: 3 decluttering hacks for the weekend\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/11/25/home-improvement-3-decluttering-hacks-for-weekend/", "title": "Home improvement: 3 decluttering hacks for the weekend", "body": "\n\n\n\nNo weekends are enjoyable in\u00a0a messy home. Often, we ignore the sight of clutter throughout the week to reserve our energy for work and other daily routines. But as the weekend arrives, we realise\u00a0our space is haunted by the chaos we have created, instead of free for\u00a0quality pursuits. If you find yourself stuck with\u00a0this dilemma, fret not! Below are some quick home improvement tips\u00a0to help you enhance\u00a0your home life.\n\n\n\n\n1. Box them up\n\n\nIt\u2019s inevitable that, in our daily rush,\u00a0things get strewn all over the place. Want to sort them out,\u00a0but too little time and patience to do so? Get yourself some moving boxes, and categorise them into three rationales:\u00a0\u201cyes\u201d, \u201cno\u201d and \u201cmaybe\u201d. Then, use them\u00a0to thematically organise the piles of clothes, books, or kitchenware causing the clutter. This might not clear your space in one\u00a0go, but it will definitely make future efforts of upkeep easier to handle, while buying you time to enjoy your weekend.\n\n\n2. Clear all surfaces\n\n\n\n\nRecognise every flat surface\u00a0you have in your home, be them counters, table tops or\u00a0shelves. Then, make it a priority to declutter them. Keep clean and clear, leaving on only what\u2019s necessary and functional.\u00a0To keep things interesting, you can enliven them with a couple of decorative items such as a candle or a photo frame, but nothing more. When the clutter dissipates, \u00a0your entire space will automatically look cosier. Definitely a step that plays to your advantage, especially if you\u2019re thinking of throwing an indoor gathering.\n\n\n3. Isolate all\u00a0papers\n\n\nThis step may seem useless, until you lose an important document. When that happens, you would be best hoping it\u2019s not your tenancy agreement or settlement\u00a0paperwork. To prevent such from happening and ruining your weekend, make the effort to gather all papers that are lying around and organise them. You can do this by filing them or placing them in a designated corner that you can return to one you have some extra time to go through them.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nTime to consider a home in Johor Bahru\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe best infinity pools in Kuala Lumpur\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/11/30/best-infinity-pools-in-kuala-lumpur/", "title": "The best infinity pools in Kuala Lumpur", "body": "\n\nTypically, you would associate the Kuala Lumpur skyline with corporate dreams and city rush. But do you know that it can be a source of inspiration for personal relaxation, too? Indeed it can, when serving as the scenic backdrops to the best infinity pools in town. Whether for a quick dip or a prolonged swimming session, there is no denying that infinity pools just go together with such high-rise view. So where are these giant baths located? We select the best\u00a0pools for your contemplation, so you don\u2019t have to.\n\n\n\n\nThe infinity pool at Somerset Residences\n\n\n\n\nLocated in on Jalan Ampang, \nSomerset Residences\n\u00a0jumpstarts our list with its glistening blue infinity pool. Made to look endless, the landscape\u00a0is located on the building\u2019s rooftop. It is the perfect spot to marvel the breathtaking panorama of the iconic \nPetronas Twin Towers\n. Of course, to use the pool, you need to be a staying guest. Why not visit\u00a0this place for a weekend retreat?\n\n\nThe infinity pool at\u00a0Aloft Kuala Lumpur Sentral\n\n\n\n\nWe can all agree that the Splash Pool on top of \nAloft Kuala Lumpur Sentral\n\u00a0is the best spot for weekend parties. Overlooking the skyscrapers of the infinity pool is adjoined to the perimeters of \nMai Bar\n, the nightlife mecca famous for their signature Mai Tai cocktails. The hotel building is located close to\u00a0KL Sentral train station and Nu Sentral shopping mall. So when you are not splashing around, you can always head down to\u00a0walk around or do some shopping.\n\n\nThe infinity pool at Park Royal Serviced Suites\n\n\n\n\nBlindingly turquoise, the infinity pool atop \nPark Royal Serviced Suites\n is your best bet after a hardcore night or partying in the adjacent Changkat Bukit Bintang. While it doesn\u2019t come with\u00a0a view as scenic as that at Somerset Residences, the infinity pool does promise you a\u00a0good time with friends. While you\u2019re at it, why not lie down on those cushy poolside chairs and enjoy the night sky together?\n\n\nThe infinity pool at Regalia Residences\n\n\n\n\nWe saved the best\u00a0choice for last in our list!\u00a0The infinity pool at \nRegalia Residences\n is the perfect spot to enjoy an extra close view of the KL skyscrapers. Unlike the other pools previously mentioned, this one features a man-made waterfall!\u00a0Indeed, it\u2019s very idea for injecting some extra fun into your splashy\u00a0time basking the panorama. Regalia sits on Jalan Sultan Ismail, making it the easier for your to access the\u00a0city\u2019s more cultural side, when not relaxing.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\ninfinity pools\nKuala Lumpur\nliving the city\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHome improvement: 3 decluttering hacks for the weekend\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nLessons to learn from Taipei, the World Design Capital 2016\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/02/world-design-capital-2016-taipei/", "title": "Lessons to learn from Taipei, the World Design Capital 2016", "body": "\n\nThere are wonderful\u00a0lessons we can learn from Taipei\u2019s reign as the \nWorld Design Capital 2016\n. As part of a year-long event\u00a0themed \u2018Adaptive City \u2014 City in Motion\u2019, various\u00a0projects and exhibitions had taken place in the city to spark local\u00a0interest in urban\u00a0development and spatial reinvention.\u00a0Not only that, the\u00a0discourse also helped shine the spotlight on the city\u2019s most creative talents in this field. So what lessons can we take\u00a0from Taipei, to\u00a0help\u00a0make our own Kuala Lumpur\u00a0a better home?\n\n\n\n\n\u00a01. Art motivates communication.\n\n\nArtistic sensibility appears to be the building blocks of Taipei\u2019s urban reinvention. The year has culminated in an exhibition series called \u2018International Design House\u2019. Taking place at the Songsan Cultural and Creative Park, the events not only honoured the city\u2019s cultural heritage and design prowess, but also gathered thinkers and creatives alike to communicate and exchange ideas of innovation. From this, we learn that art, whether as a way to communicate a\u00a0present\u00a0success\u00a0or to scribe\u00a0future ideas, is what brings people together. Because art is also an emotive channel, it is the perfect tool\u00a0to\u00a0instil in people\u00a0ideas of economic and social revolutions.\n\n\nSongshan Cultural and Creative Park. Photo: \nWorld Design Capital Taipei 2016\n.\n\n\n2. Form facilitates\u00a0function.\n\n\nUp until now, Taiwan was only known for being a lead in the technology manufacturing sector. But recent years have bore witness to \na steady climb in local crafts production\n.\u00a0Materials the likes of leather, ceramic, wood, textiles, and metal have starred in many creations shown the \u2018International Design House\u2019. One can argue that function precedes form, and in many ways, it is true. But think about it. Design is what makes us feel connected to our homes, determines our geographical preferences, and reasons our \nchoices\n of homeware. It is in the aesthetics\u00a0that cultural assurances are symbolised and reflected. After all, when it comes to spatial reinvention, there is no greater pull than the emotional need for it. And what is civilisation without social conventions to reason its blueprint?\n\n\nThe International Design House exhibition at Songshan. Photo credit: \nWorld Design Capital Taipei 2016\n.\n\n\n3. Care\u00a0designs effort.\n\n\nTaipei\u2019s status as a Design Capital reflects the thinking minds of its population. We learn that we shouldn\u2019t leave it to just the\u00a0architects, property developers and authority figures to inspire ideas or solutions for our urban environment. As inhabitants\u00a0of our city, we all have a say on its future, from the way its spaces should look to the kind of proprietary\u00a0functions we want exist. Perhaps our influence won\u2019t be scientific, technical or literal.\u00a0But nevertheless we are involved in our city\u2019s development processes, in\u00a0the way that we operate as its people. The daily decisions we choose to\u00a0make\u00a0and the\u00a0materials we choose to use\u00a0affect our place in\u00a0society, which then affects our environment\u2019s \u201csupply and demand\u201d chains. Our\u00a0living plans and choices reflect our the virtue of our social convictions. And to be heard, we just need to care.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\narchitecture\ntaipei\nurban development\nWorld Design Capital\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe best infinity pools in Kuala Lumpur\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to build a good relationship with your agent\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/06/good-relationship-with-your-agent/", "title": "How to build a good relationship with your agent", "body": "\n\nA good relationship with your agent is vital to ensure a smooth home buying or selling experience. A property agent is someone you hire to represent you, so it makes sense that you and the person should always be in sync. But much like in personal areas, perfect chemistry in business does not come without effort and maintenance. So what can you do to ensure that your new business relationship is on that right track? Here are some tips to have a good client-agent relationship.\n\n\n\n\n1. Prioritise trust above all else.\n\n\nIt\u2019s only too easy to question your agent\u2019s trustworthiness as you go further into the business relationship, and forget that trust is a two-way street. Remember: agents are here to help you, because in helping you, they are also helping themselves become better solicitors. A good way to cement trust from the start is to treat your agent like anyone else you just got to know. Have casual conversations with him over coffee or lunch, and be sure to let him know what you personally expect out of your forthcoming transaction.\n\n\n2. Let go of your need for constant control.\n\n\nAn agent is an agent for a good reason: they\u2019re professionally trained middlemen with incredible insight into perceived value. As part of their ethics, a good agent is always open to his client\u2019s selling suggestions. But we should also know when to draw the line from going overboard, especially with little things such as advertising copies and photographs. Agents know what they are doing and how it\u2019s done. It is thus important that we get off their backs so they can do what they do best: help.\n\n\n3. Be punctual in your meetings.\n\n\nAn agent can be your new best friend, but he is first and foremost a working professional. At any given moment in your relationship, you\u2019re not the only client that he\u2019s attending to. And chances are, he has to meet several clients a day. So be punctual for every meeting. Make sure you arrive on time, or well before he does. After all, what\u2019s in it for you is a big-scaled treasure at the end of the partnership, be it a new home or a big check from selling a current one. So don\u2019t jeopardize it. Be early!\n\n\n\n\n4. Learn to use the phone better.\n\n\nWhen your agent rings you, it\u2019s often due to a pressing issue or urgent matter that needs immediate attending. Find a way to take it immediately, and if you\u2019re busy, tell them you will call them back in a scheduled time. It\u2019s crucial to maintain good communication. Also, make sure you make the effort to call your agent, from time to time, in the course of your business partnership. Emails can often be taken the wrong way as they lack the tone that a voice can give, so use them only to address simple matters.\n\n\n5. Don\u2019t be stingy.\n\n\nIt\u2019s important that you reward your agent accordingly, and not try to discount their commissions, every chance you get. Less commission will result in lesser commitment, exemplified by rushing sales and making unacceptable offers. Remember: your agent is working for free, until a property is sold and a monetary transaction is successfully made. So if he has been doing a good job serving you, then he serves to be paid accordingly and not have to feel flushed from all talks of discount.\n\n\n6. Be a good listener.\n\n\nEvery time your agent comes back to you with feedback, know that it\u2019s a goldmine of current insights that you should always consider and not shut off to. Show your agent that you\u2019re keen to learn more knowledge. Stop resorting to emotions when digesting new information. The mindfulness will definitely help optimise the business partnership between you.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nagent\nbuying\nproperty\nrenting\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nLessons to learn from Taipei, the World Design Capital 2016\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWarning signs to consider before buying your dream house\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/09/warning-signs-before-buying-dream-house/", "title": "Warning signs to consider before buying your dream house", "body": "\n\nSo you believe you had just discovered your dream house. First off\u2014congratulations! Through recognising a property that resonates with your individuality, you have just taken the first step into your home buying journey. In your excitement, you might have already congratulated your agent for finding \u201cthe right one\u201d, because the photographs in your last email exchange looked promising. Then, there\u2019s the positive tone to the seller\u2019s voice when you agreed to meet on the phone. But hold on! Before you go further, you need to look out for warning signs that could potentially ruin it all.\n\n\n\n\nThat\u2019s right, you need to inspect the house you\u2019re intending to buy! And by inspecting, we mean scanning the every nook and corner and looking into every detail, inside and out. There\u2019s always more than meets the eye, and you would want to make sure that the huge amount of money you\u2019re about to spend is worth it. No one likes to make a big purchase only to find out it doesn\u2019t live up to his expectations. So when you\u2019re going for the site visit, remember to look out for the following warning signs before signing your name onto the property.\n\n\n1. A damaged roof\n\n\nThe roof is the first indicator of a personal property\u2019s ability to shelter. A dream house is nothing but a mere case of smokes and mirrors if it cannot fulfil this simple requirement. Depending on the extent of the damage, a leaking, crack roof indicates material fatigue, not to mention, negligence on the owner\u2019s part if he can allow the damage to linger. If you spot this, be prepared to point it out, or risk forking a lot of money for later repairs. Even if the roof doesn\u2019t seem to show signs of wear, you should still ask the owner how old it is. A well-installed roof should last for decades.\n\n\n2. A funky odour\n\n\nThink of plumbing as the digestive system of a house. When not taken care of, malfunction happens, resulting in mould, build-ups, mildew, or worst, water contamination. While these damages might not immediate to the eyes, they are not hard to smell. It is important that you take note of any musky odours, when inspecting a potential house. Some owners might get sneaky and try to conceal it with the smell of air fresheners or fresh-baked pastries, so if the perimeters smell too good as well during the visit, it\u2019s a sign to keep checking! If you suspect bad plumbing is at hand, it\u2019s always a good idea to schedule another tour. Bring along a third party such as a friend or a family member to help you identify.\n\n\n\n\n3. Pest infestations\n\n\nTake a hard look at the house\u2019s flooring, panelling, and everything with wood in them. Do they look well maintained? Or are there holes, ugly marks, or signs of decay? These are all signs of a pest infestation. Also check for possible traces of ants, especially around the kitchen area. An infestation might seem small a factor, but trust us, it will become a big headache once you have to be the one dealing with it later. It\u2019s best to be sure of any bug problems now. Also, always ask your agent for a termite check report.\n\n\n4. Lopsided additions\n\n\nThis warning sign is especially important when considering a landed property. Does the house look well designed, or does it look like a series of disjointed additions and parts pieced together? It could be that some rooms are not aligned well, or their ceiling is poorly made, showing various building materials. Done well, renovated additions can add a lot of value to a property. But when they are not, the result will eventually show in the future in the form of cracks, badly wired circuits, or worse, material fatigue. Therefore, always make it a point to ask your agent about the detailed history of the house.\n\n\n5. Bad neighbourhood\n\n\nNow the area where a house might be in, might not seem like the most important thing\u2014 as long as your dream house is foolproof, right? Wrong. It\u2019s crucial that your future living environment facilitates safety and a sense of community. Do not let the dreaminess of a house blindside you from researching the area you\u2019re considering to live in. Take note of any crime rates. Make the effort of screening your neighbours. Drive by at the neighbourhood on different days, and if possible, have a chat with a community member to gauge how they feel about living there. You do not want to purchase a home only to find out later that it sits in a hostile environment.\n\n\nIf you are looking for that dream house, you might want to use \nBumbung.co\n and our network of trusted agents and verified listings to avoid surprises\n.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nDream house\nWarning signs\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to build a good relationship with your agent\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n8 unique housewarming gift ideas for Christmas\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/15/housewarming-gift-ideas-christmas/", "title": "8 unique housewarming gift ideas for Christmas", "body": "\n\nIf you have a friend who has just moved into a new home, this Christmas is the perfect opportunity to present them with a thoughtful housewarming gift or two. Perhaps you couldn\u2019t quite figure out what it would be earlier. But with the festive season on the horizon, inspirations are everywhere! So don\u2019t worry about not having an idea of what to get for your loved one. The greater challenge to enjoy is actually getting something that they would find uniquely useful for their personal space. Below are some great housewarming gift ideas to help get you started.\n\n\n1. An artistic fire extinguisher \n\n\n\n\nThe most practical thing homeowner should keep in their perimeters is a fire extinguisher. But the funny thing is almost no one has it on standby! Since we can never predict when and how fire can occur, an extinguisher would definitely make a great gift. What could make it desirable is when it doubles as pi\u00e8ce de r\u00e9sistance for the house, much like in the case of these extinguishers from French brand \nSafe T\n. With their eye-catching designs ranging from a shiny copper body to that covered in animal print, your friend probably won\u2019t want to hide them from sight!\n\n\n2. Quirky typography\u00a0art\n\n\n\n\nPaintings are wonderful, but they are highly personal when it comes to taste.\u00a0So why not gift your friend some typography art? Not only are they quirky and fun, they are also easily digested. The one pictured above is a\u00a0great example of letting\u00a0your friend know how much you mean to them. You can find more like this on this\n\u00a0Etsy store\n.\n\n\n3. Crystal\u00a0bookends\n\n\n\n\nThe great thing about natural crystals is that they\u2019re not only great to recharge and rewire the energy particles\u00a0in a given atmosphere, they are also very beautiful to look at. This is particularly the reason why they make great\u00a0interior decors. If your friend is a bookworm, then this \nsliced howlite crystal bookend\n\u00a0from \nKindred Black\n\u00a0would be of great use.\n\n\n4. Architecture-inspired candle holders\n\n\n\n\nWhat better way to celebrate a new home than a gift inspired by one of the greatest architects to have ever lived? These \nZaha Hadid tealight candle holders\n are as artistically opulent as they are functional in illuminating\u00a0a\u00a0candlelit feel for Christmas. They come in three colours: gold, silver, and black.\n\n\n5. QR code for Wi-Fi\n\n\n\n\nNow this present doesn\u2019t come with any price-tag, as it\u00a0only takes your own effort to make! Convenience has been an asset ever since humans have realised that time is the most important commodity in the universe. Find out how to create your own Wi-Fi code\u00a0\nhere\n. Once done, be sure to get it framed for an artistic effect.\n\n\n6. Chocolate soaps\n\n\n\n\nThis is a great entry for chocolate addicts. By gifting your friends\u00a0\nthis box of chocolate soaps\n, you are not only helping them\u00a0appreciate their\u00a0home life, but you would also increase the possibility of future invites beyond Christmas. Nothing screams \u201csolidified\u201d quite like a chocolate-laced friendship.\n\n\n7. Smart locks\n\n\n\n\nThis\u00a0\nsmart lock from August\n\u00a0is probably the one gift that needs your friend\u2019s approval first, but it\u2019s worth the sacrificing the surprise factor\u00a0for! Created to function digitally, it transforms your Android or Apple phone into a keyless entry system. Other distinctive\u00a0features come in the form of exceptional\u00a0battery power, backup key access, and customisable shared access.\n\n\n8. Incense set\n\n\n\n\nLast but not least\u2014some incense to help your friend clear the new space! Even if he isn\u2019t into the metaphysical stuff of life, it\u2019s always great to relax and unwind to deliciously zen\u00a0scents, at the end of every day. It\u2019s a good way to bond with one\u2019s home, which he will thank you for. Pictured here is a \nbalsam fir variety\n for your Christmas-centric consideration.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nChristmas\ngift\nhousewarming\ninspiration\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWarning signs to consider before buying your dream house\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nNew home: How to rush your move before Christmas\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/16/rush-your-move-before-christmas/", "title": "New home: How to rush your move before Christmas", "body": "\n\nChristmas is literally around the corner. If you\u2019re moving into a new home this week, we get it: you must be feeling overwhelmed right now!\u00a0There\u2019s still so much to do and oversee in your transition that you\u2019re not sure if you can make settle in time for the special day. But know that all hope is not lost! Here are ways to\u00a0help rush\u00a0your move before Christmas, so there\u2019s room for\u00a0a well-deserved celebration. You know what they say: when you feel better, you do better!\n\n\n\n\nBox immediate necessities together.\n\n\nThis method\u00a0is\u00a0useful for for immediate\u00a0retrieval upon arriving at your new home. Since Christmas is almost here, perhaps\u00a0some candles would be useful to quickly create a festive atmosphere as you settle in. Or maybe it\u2019s a precious set of china plates hat you always use for the holidays. Whatever your urgent\u00a0items maybe be, ensure they are packed together\u00a0for combined retrieval later.\n\n\nGet acquainted\u00a0with your new kitchen.\n\n\nThe heart of Christmas is always the time we enjoy with our loved ones at the dinner table. If your new house is not feast-ready, worry not! The most important thing to do about this is to familiarise yourself with your new kitchen. Make the effort to tackle basic arrangements such as kitchenware and grocery storage. This is also the perfect time to get to know your new oven and stove; once you know how to work them, cooking for Christmas while settling in\u00a0won\u2019t seem so daunting.\n\n\n\n\nAssemble the most important furnitures first.\n\n\nIt\u2019s impossible to get all furnishings done before the festive weekend, so the best thing to do, to rush your move before Christmas, do is improvise.\u00a0Whether you\u2019re a visual person motivated by visuals or one\u00a0who prioritises\u00a0comfort, ensure that your best furnitures get assembled, first thing upon entering your new home. It\u2019s always\u00a0helpful to have each piece labeled based on priority, to avoid confusion\u00a0between you and the movers.\n\n\nSchedule your greetings in advance.\u00a0\n\n\nWhat\u2019s Christmas without sending love to your loved ones outside of home? No matter what the situation we are in, this has to be done. In\u00a0light of your move, it helps to\u00a0template your emails and messages, before scheduling for broadcast. This way, you can save time and energy, and still be in festive\u00a0shape.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nChristmas\nMoving\nNew home\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n8 unique housewarming gift ideas for Christmas\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nCoffee table books to buy for your home renovation\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/20/coffee-table-books-for-home-renovation/", "title": "Coffee table books to buy for your home renovation", "body": "\n\nCoffee table books are a great source of redesign inspiration. Made for display, they typically feature inspiring photographs and narratives. For this reason, many architecture and design representatives use them to showcase their works and ideas. Those of you drying of\u00a0home renovation ideas can definitely look to\u00a0these\u00a0vibrant manifestos! Below are five brilliant\u00a0interior coffee table books for you to get it going.\n\n\n1. 1000 Interiors Around the World\n\n\n\n\nPublished by \nTaschen\n, this tome comes in two volumes and\u00a0is a renovation staple.\u00a0Be ready to feast your eyes upon gorgeous, colourful spaces photographed by some of the world\u2019s most revered interiors photographers. What we love about this series is versatility of its content. From South America to Australia, there\u2019s always a dream home in every continent\u00a0to admire.\u00a0\nUSD59.99, \nTaschen\n.\n\n\n\nThe world\u2019s perception of colours has never been the same since \nPantone\n came along. From midnight navy to pale gold to\u00a0kale, there\u2019s always a colour that personally resonates.\u00a0In\u00a0coffee table book published by \nChronicle Books Publishing\n, longtime Pantone visionaries Leatrice Eiseman and Keith Recker explore colour trends influencing art, design, and fashion over the last 100 years. \u00a0Indulge in the book\u2019s rich spectrum to revitalise your spaces.\u00a0\nRM201.03, \nKinokuniya\n.\n\n\n3. Kinfolk Home\n\n\n\n\nHome owners who prefer a\u00a0minimalistic approach to life\u00a0should get a copy of\u00a0\nKinfolk Home\n. Published by Artisan Publishing, this book\u00a0allows you to look inside the mind of Kinfolk founder Nathan Williams. As you may already know, Williams is known for\u00a0advocating slow living, mindfulness, and simplicity. Inspire yourself with over\u00a035 accounts of smartly designed homes located all over the world. \nUSD35.79,\u00a0\nAmazon.com.\n\n\n4. Oriental Art\n\n\n\n\nIf\u00a0you find yourself attracted to nuances of\u00a0mystical\u00a0artistry, then this heavy tome is definitely for you.\u00a0\nOriental Art\n by Taschen unveils famed French Orientalist \u00c9mile Prisse d\u2019Avennes\u2019s rich observation of the Arabic, Persian and Ottoman heritage. Not only that, it also\u00a0vividly documents the artistic relationships between Europe and the Middle East.\u00a0This coffee table book is definitely a great source of inspiration\u00a0if you\u2019re looking to marry tradition and modernity.\u00a0\nUSD19.99, \nTaschen\n.\n\n\n5. The Perfect Bath\n\n\n\n\nPublished by Rizzoli USA, \nThe Perfect Bath\n by Barbara Sallick is a chic, polished documentation of dreamy bathrooms the world over. Apart from containing advices for home owners, it also includes interviews with top interior designers. With this coffee table book, you are stepping closer to the bathroom of your best imagination. \nRM233.75, \nKinokuniya\n.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nBooks\nCoffee table books\ninspiration\nRenovation\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nNew home: How to rush your move before Christmas\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhy you should live in Mont Kiara\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/22/why-you-should-live-in-mont-kiara/", "title": "Why you should live in Mont Kiara", "body": "\n\nSitting on\u00a0what used to be a rubber plantation estate,\u00a0Mont Kiara is one of the best addresses to have in Kuala Lumpur. The town is perfect for urban dwellers\u00a0who prefer to live in calmness, without disconnecting to the city centre. For this very reason, it is also a haven of expatriates. From its lush environment to its bevy of places to eat, we explore the\u00a0reasons why you should live in Mont Kiara.\u00a0\n\n\n1. To live in Mont Kiara is to embrace nature.\n\n\nWhen in\u00a0Mont Kiara, the sight of lush trees greets you everywhere you go. The greenery truly adds to environment\u2019s quiet sense of\u00a0luxury. We\u2019re not sure if the\u00a0fact that the \nForestry Assets\n office is based there has anything to do with this! But one thing\u2019s for sure: no one can deny the utopian feel that a green\u00a0environment gives to its inhabitants.\n\n\n2. It is highly connected to other major districts.\n\n\nMont Kiara is a strategic location to live in as a resident\u00a0is never disconnected from the rest of Malaysia. The town links to the heart of Kuala Lumpur\u00a0and other major cities\u00a0via the North Klang Valley Expressway (NKVE), the Penchala Link, the Sprint Highway and the Duta-Ulu Kelang Expressway (DUKE). It is also 7 minutes\u2019s drive away from KL Sentral, the hub of public transports such as LRT, Monorail and \nthe MRT\n. Living in this neighbourhood only means that one can tune in and out of the city bustle at will!\n\n\n\n\n3. The area has\u00a0a great network of schools.\n\n\nLocated in Mont Kiara are three renowned international schools: \nMont\u2019Kiara International School\n, \nGarden International School\n and \nthe French School of Kuala Lumpur\n. For this reason, the area is a popular destination among expatriates. This area is a great place to settle in if you love the idea of learning and exchanging cultures.\n\n\n4. Great places to eat and drink are plenty.\n\n\nThere are so many restaurants, cafes, and bars to try out in the vicinity. Whether an alfresco cafe at Plaza Damas,\u00a0an Italian restaurant at \nSolaris Mont Kiara\n or a speakeasy bar at Publika, there are\u00a0always an options to consider. Feeling a little more adventurous: check out the restaurants lining Jalan Kiara.\n\n\n5. Great shopping destinations are a drive away.\n\n\nWhether looking to restock your groceries or get new home decorations, there are many shopping stops to visit in Mont Kiara. Both 1 Mont Kiara and Plaza Mont Kiara are located opposite each other on Jalan Kiara. Publika, Solaris Dutamas and Hartamas Shopping Centre, meanwhile, are only\u00a0a stone\u2019s throw from each other.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nFacilities\nliving the city\nMont Kiara\nMoving\nShopping\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nCoffee table books to buy for your home renovation\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n10 quotes on the importance of home\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2016/12/29/quotes-on-importance-of-home/", "title": "10 quotes on the importance of home", "body": "\n\nWe all know the importance of\u00a0home: it\u2019s about having a sacred space to go back to at the end of every day. From its definition to its purposes, there\u2019s always a quote on home that everyone can relate to! We reveal ten that resonate most with us, to inspire you.\n\n\n1. A home is about\u00a0starting from inside out:\n\n\n\u201cLove begins at home, and it is not how much we do\u2026 but how much love we put in that action.\u201d \u2013 \nMother Theresa\n\n\n2. On why having a home is important in a society:\n\n\n\u201cThe strength of a nation derives from the integrity of the home.\u201d \n\u2013 Confucius\n\n\n3. A home doesn\u2019t have to be an old memory:\n\n\n\u201cAt the end of the day, it isn\u2019t where I came from. Maybe home is somewhere I\u2019m going and never have been before.\u201d\u00a0\n\u2013 Warsan Shire\n\n\n4.\u00a0Why all of us want to have a home:\n\n\n\u201cThe ache for home lives in all of us. The safe place where we can go as we are and not be questioned.\u201d \n\u2013 Mary Angelou\n\n\n5. On the definition of home:blog.bumbung.co\n\n\n\u201cWhat is home? My favorite definition is \u2018a safe place,\u2019 a place where one is free from attack, a place where one experiences secure relationships and affirmation. It\u2019s a place where people share and understand each other. Its relationships are nurturing. The people in it do not need to be perfect; instead, they need to be honest, loving, supportive, recognising a common humanity that makes all of us vulnerable.\u201d \n\u2013 Gladys M. Hunt\n\n\n6. How your home is the perfect playground for gatherings:\n\n\n\u201cGoing home and spending time with your family and your real friends keeps you grounded.\u201d \n\u2013 Jennifer Ellison\n\n\n7. Your home is an extension of you:\n\n\n\u201cHome is where somebody notices when you are no longer there.\u201d \n\u2013 Aleksandar Hemon\n\n\n8. On the importance of having books at home:\n\n\n\u201cA house without books is like a room without windows.\u201d \n\u2013 Horace Mann\n\n\n9. Why your friends should always come over:\n\n\n\u201cThe ornament of a house is the friends who frequent it.\u201d \n\u2013 Ralph Waldo Emerson\n\n\n10. The size of your home doesn\u2019t really matter:\n\n\n\u201cIt didn\u2019t matter how big our house was; it mattered that there was love in it.\u201d \n\u2013 Peter Buffet\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome\nImportance of home\nQuotes\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhy you should live in Mont Kiara\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBumbung in 2017: New year, new blog!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/05/bumbung-new-blog/", "title": "Bumbung in 2017: New year, new blog!", "body": "\n\nWith 2017 officially here, we at Bumbung\u00a0would like to wish you a happy new year of course but also formally introduce our new blog. After much contemplation, we\u2019ve decided to call this space\u00a0\nRoof Talks.\u00a0\nWhy \nRoof Talks\n? There is no characteristic more defining of a home\u00a0than its roof. For a roof is the symbol of shelter, which is what having a house is literally about. It is through this element of shelter that we, metaphorically speaking, aim to offer our Bumbung followers the best home and property tips in a click.\u00a0\n\n\nWhat\u00a0to expect\u00a0\n\n\nThere are six main reading categories on our new blog to choose from. Click on \nBuying \u2013 Renting\n\u00a0and you find yourself equipped with comprehensive guides on buying, selling and renting properties. All agent and move-related queries can be answered by posts under\u00a0\nTips\n. In \nCity Living\n, meanwhile, we publish\u00a0discussions and news relating to all happenings within Kuala Lumpur. Dying to know market insights?\u00a0Any post tagged under \nMarket News\n would be of great service and help you know more about the complexity of the real estate market!\n\n\nThen, when not too busy dwelling in your city, you can always read our \nHome Sweet Home \nentries for interior and home decoration tips. And whenever the Bumbung team has news to release, it goes right under \nInside Bumbung\n (you\u2019re looking at our first ever tagged post!).\n\n\nWhat to love\n\n\nOn \nRoof Talks\n, we aspire to feed you the best curation of home and property news, insights and ideas. Don\u2019t hesitate to leave us a comment after each post! We would love to read what you have to say about topics related to our cause. After all, \nRoof Talks\n was built on the belief that everyone knows a thing or two about home.\n\n\nAnd if you are in the midst of finding a new home, whether you want to buy or rent, simply key\u00a0your request on \nBumbung.co\n and we\u2019ll match you with the best property listings we have.\n\n\nHappy home hunting and happy reading.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nInside Bumbung\n \n\n\n\n\nTagged\n\n\nBlog\nBumbung\nHome\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n10 quotes on the importance of home\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHome improvement: How to practice the Wabi-sabi philosophy\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJohn\n \non 17 April, 2019 at 22:39 \n\n\n\n\nReply\n \n\n\n\n\n\n\nAppreciating the time and energy you put into your blog and detailed information you offer. It\u2019s awesome to come across a blog every once in a while that isn\u2019t the same unwanted rehashed material. Great read!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/10/how-to-practice-wabi-sabi-philosophy/", "title": "Home improvement: How to practice the Wabi-sabi philosophy", "body": "\n\n\n\nIf you\u2019re looking to go minimal this year, look no further than \nthe Wabi-sabi philosophy\n. Originating from Buddhist influences in ancient China, Wabi-sabi is a\u00a0Japanese way of living that embraces the beauty in imperfection and impermanence. In interior design, the Wabi-sabi style\u00a0connotes simplicity interspersed with asymmetry and rough textures to keep things interesting. Think rugged walls, rustic\u00a0finishings, and minimal arrangements.\u00a0Often, the Wabi-sabi philosophy justifies the penchant for unique beauty developed with\u00a0time.\u00a0Want to know how you can bring it into your own home?\u00a0Here are a few ideas to get you\u00a0started.\n\n\n\n\n\n\nClean aesthetics\n\n\n\n\n\n\nThe first and most immediate indication of the Wabi-sabi style is a clean and minimal look. To maintain this,\u00a0the most important thing to do is to adhere to an earth toned colour template for your home. Also, keep clutter at bay to upkeep the barrenness. When there are nothing to distract, the real beauty of your home, carried in details, can shine.\n\n\nTextured walls\n\n\n\n\n\n\nIn honouring the beauty in imperfections, the Wabi-sabi philosophy embraces textures and rough edges. A good way to experience\u00a0this approach is to\u00a0engage in exposed bricks around your house. This can be interpreted as a wall in your living room or outside on your patio. The irregularity of the exposed bricks not only comes with their unpainted state but also their arrangements. Highlight this trait with furnitures of opposing colours to contrast.\n\n\nTouches of zen\n\n\n\n\n\n\nThe great thing about the Wabi-sabi philosophy is that it also addresses mindfulness. Through its lens, the meaning of beauty is more than meets the eye. The Wabi-sabi touch is more than artistry; it is the celebration of life\u2019s impermanence and incompletion. So why not accentuate your home\u2019s industrial identity with some reminders of nature? We think indoor plants work best to incorporate outdoor elements. While you\u2019re at it, throw in a couple of bronze or brass statues into the view\u2014nothing whispers \u2018zen\u2019 quite like these beautiful decors.\n\n\nTokens of life\n\n\n\n\n\n\nEveryone loves a good story, and the thing about the Wabi-sabi style is that it advocates the idea of history. Imagine your home the museum of all your achievements, pitstops and emotions, which make great home decorations! Maybe you owe your career success to a motivational book, so why not make it a table centrepiece? Perhaps some friends or loved ones have\u00a0been the reason for your happiest times\u2014a good reason to use up beautiful photo frames! Whatever it is that inspires you, display it. The use of your life\u2019s hallmarks as ornaments around the home translates into mindful living, which is what Wabi-sabi is all about.\n\n\nRustic furnishing\n\n\n\n\nNothing does the undone, lived-in look quite like vintage or rustic-looking items for the home. If your furniture pieces aren\u2019t already a little frayed around the edges, you can always DIY some marks to achieve the aesthetics. Too scared to\u00a0take the risk? You can always opt for the safe route of using rustic homewares to add on the raw touch.\n\n\nArt collection\n\n\n\n\n\n\nAn art form that, like Wabi-sabi, celebrates imperfection and asymmetry is contemporary art. Why not let them bring live into your house? Think post-modern pieces that use a lot of collage or mixed media art. Your bricolages, if you have some, can also make the cut, adding a personalised feel.\u00a0Not a big fan of paintings? You can always opt for thought-provoking sculptures to colour up unused corners and areas.\n\n\n\nPhotos: Pinterest\n\n\n\n\nThis post is brought to you by Bumbung.\n\n\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nDesign\nHome improvement\nInterior\nWabi-sabi\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBumbung in 2017: New year, new blog!\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe best Malaysian architects to know\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/13/the-best-malaysian-architects-to-know/", "title": "The best Malaysian architects to know", "body": "\n\nMalaysia is home to some of Asia\u2019s best architects today. It\u2019s hardly surprising, considering how far we have come along (our majestic Twin Towers, for one, are evident of this). These six\u00a0profiles\u00a0in particular\u00a0are known for\u00a0creating\u00a0sustainable works that elegantly marry heritage and function. We take a look at who they are and what they do as architects.\n\n\n\n\nEleena Jamil\n\n\nA glimpse of Desa Mahkota Secondary School. Photo credit: Eleena Jamil Architect (EJA)\n\n\nEleena Jamil is one of Malaysia\u2019s best female architects to date. She\u00a0has, via her company \nEleena Jamil Architect (EJA)\n,\u00a0worked on a diverse range of sustainable\u00a0projects, best of all the\u00a0award-winning \nDesa Mahkota Secondary School\n. Jamil\u2019s works always illustrate\u00a0strong, modern shapes that\u00a0fit practical functions for society. If there\u2019s one thing she\u2019s known for, it\u2019s her ability to\u00a0reuse spaces in manners highly unexpected.\n\n\nChe Wee Boon\n\n\nOne of the best designs Boon\u2019s company had produced is the headquarter of Wawasan Open University in Penang. Photo credit: Post Graduate Asia\n\n\nBeing President of\u00a0\nPertubuhan Arkitek Malaysia\n, Che Wee Boon of GRA Architects\u00a0lead the architectural body in Malaysia. But we think the most remarkable thing about him is that he advocates\u00a0green architecture. Boon\u00a0is vocal about\u00a0supports\u00a0buildings that are \u201cresponsible and sustainable\u201d. The best designs, according to him, provide for society\u2019s contemporary needs without jeopardising\u00a0requirements of\u00a0future generations.\n\n\nNg Sek San\n\n\nA look at\u00a0Sekeping Serendah in Janda Baik. Photo credit: Sekeping.com\n\n\nPerhaps the most artistic one in this list, Ng Sek San is responsible for bringing\u00a0public recognition towards landscape architecture. In his 20-year-old reign as director of \nSeksan Design\n, the architect has created\u00a0works that compliment the organic environments around them. A city planner in his own rights, Ng has created\u00a0cohesive solutions for KL, from bicycle lanes to beautiful parkland offices. His most popular creation: the \nSekeping urban retreats\n.\n\n\nHijjas Kasturi\n\n\nRimbun Dahan is all about contemporary aesthetics. Photo credit: Rimbun Dahan.\n\n\nA celebrated veteran, Hijjas Kasturi is known for his postmodern and deconstructive-styled creations. His most revered building to date\u00a0is\u00a0the\u00a0Telekom Tower, designed to resemble a sprouting bamboo shoot. Kasturi has accumulated many awards over the years, including the PAM Gold Medal by Pertubuhan Arkitek Malaysia. A lover of industrial aesthetics, the architect extends an architecture, art and nature conservation centre\u00a0called\u00a0\nRimbun Dahan\n.\n\n\nKen Yeang\n\n\nThe National Library of Singapore is a majestic view.\n\n\nThis architect has always maintained that he is an ecologist before he is an architect. His unbridled commitment\u00a0to environmentalism and sustainability\u00a0earn him a reputation as an influential\u00a0ecodesigner. His best creation to date: the National Library of\u00a0Singapore, which\u00a0consists\u00a0of a system built to interact with its surroundings.\u00a0This project has\u00a0catapulted him into \nThe Guardian\n\u2018s list of \u201c50 people who could save the planet.\u201d\n\n\nDavid Mizan Hashim\n\n\nRedesigning Penang\u2019s Sinkeh Hotel had won Hashim and his team at Veritas the \u201cBuilding of the Year\u201d award from Persatuan Arkitek Malaysia (PAM). Photo credit: Paul Gadd.\n\n\nThe life of \nVERITAS Design Group\n\u00a0brainchild\u00a0David Mizan Hashim is nothing short of admirable.\u00a0Not one to follow the rules, this Malaysian launched his firm at merely 25 years old after graduating from Harvard. Today, VERITAS\u00a0operates in seven international locations: Dubai, Ho Chi Minh City, Melbourne, Mumbai, Portland, Al-Khobar, and of course, KL. Some of the firm\u2019s notable\u00a0clients include \nAmerican International Group\n and \nthe British government\n.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nArchitects\narchitecture\nBuildings\nMalaysian architects\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHome improvement: How to practice the Wabi-sabi philosophy\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 reasons why Bangsar is a unique neighbourhood\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/20/make-your-house-pantone-perfect/", "title": "Quick tips to make your house Pantone perfect", "body": "\n\nAs announced late last year, \nPantone\u2019s colour of 2017 is Greenery\n. So what encompasses the colour? Representing new beginnings, prosperity and calmness, the colour green invites us to take a step back and enjoy our surroundings.Think inspiring shades of green and your fondest associations with nature. From tropical imageries to rustic accents, there are various ways to incorporate greenery indoors and make your house Pantone perfect.\n\n\nKeep it neat and simple\n\n\n\n\nThe trick to making green accents pop is to keep the rest of your space neutral, both in palette and in style. Just focus on a few key elements to work with. If you like taking risks, then consider bouncing the colour around the room\u00a0by pairing\u00a0blank surfaces with textures, statement furniture pieces or patterns\u00a0in complimentary shades. Remember to keep it understated, as green can attract too much attention when overdone.\n\n\nZen up the kitchen\n\n\n\n\nGreen represents health. Studies show that green-coloured food are rich in vitamins, minerals and antioxidants vital to maintain one\u2019s wellbeing.\u00a0In the same vein, green works wonders\u00a0for the psyche, so why not extend the interpretation into your kitchen, where your relationship with food reigns supreme? Try introducing green stools into the space or replace your old kitchenwares with new ones\u00a0in green hues. Not a fan of too many changes? Then\u00a0occupy your windowsills with pots of green herbs and plants to induce a visual\u00a0sense of the wilderness.\n\n\nWork your green thumb\n\n\n\n\nGreenery shouldn\u2019t be limited to just your garden (if you have one). To breathe life into your home, introduce indoor plants into your inner space.\u00a0Not sure where to start? The good news is that there are various guides online you can look up to for inspiration! Since its boom recently, the horticulture trend has been inspired people to be their own gardeners and environmental caretakers. Our suggestion: start small with\u00a0the cactus, the jade plant or the aloe, before moving on to bigger entries such as the rubber plant\u00a0or the fiddle leaf fig (our favourite!).\n\n\nBring it to the floor\n\n\n\n\nWalk on green pastures literally by\u00a0bringing in green carpeting for your home. A decorated floor makes all the difference when it comes to the spatial perception of a space. To make sure that it doesn\u2019t get too much for the eyes,\u00a0your green carpets or rugs should come in shapes and sizes that still allow for the sight of your wooden panelings.\n\n\nPhotos: Pinterest\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nColour of 2017\nGreen interior\nGreenery\nHouse\nInterior design\nPantone\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 reasons why Bangsar is a unique neighbourhood\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n10 decors that easily elevate your rented space\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/20/why-bangsar-is-a-unique-neighbourhood/", "title": "5 reasons why Bangsar is a unique neighbourhood", "body": "\n\nA warm gush of emotions awash us when we think of Bangsar. The area first existed as an estate for rubber plantations, but achieve residential status since 1969. Since then, Bangsar\u00a0has gone through many phases of identity. Nightlife, art and coffee are just some of many characteristics that make it a sought-after address in Kuala Lumpur. We round up the best reasons why Bangsar is a unique neighbourhood for the modern heart.\n\n\nBangsar\u00a0hosts many places to eat\n\n\nTry out the saag paneer curry dish served at Indian Kitchen on Jalan Telawi.\n\n\nThe most noticeable thing about the neighbourhood is that there restaurants, cafes, and pubs everywhere you look. You will never run short of inspiration when it comes to choosing your meal. From\u00a0belly-filling Asian cuisines to savoury Western delights,\u00a0there are plenty of gastronomic options to choose from when in Bangsar. Our\u00a0favourite: \nIndian Kitchen\n on 64, Jalan Maarof.\n\n\nBangsar is a mix of\u00a0nostalgia and novelty\n\n\nOne of the zen corners in the Sekeping Tenggiri property. Photo credit: Sekeping.com\n\n\nFrom a design perspective, Bangsar exudes 70s finesse, yet the spatial functions that it promotes\u00a0is as modern as it gets. \u00a0For instance, take a look at the houses around the more laidback Jalan Bangkung and Jalan Limau Purut. Marvel at the shop lots on Jalan Kurau. Or better yet, visit \nSekeping Tenggiri\n (designed by Malaysian architect Ng Sek San) for some staycation inspiration. If there\u2019s one thing that the buildings in Bangsar share in common, it\u2019s the fact that their functions may be evolving, but their colonial facades remain.\n\n\nBangsar is a hub for holistic activities\n\n\nThe Violet Flame operates in a glass house located on Jalan Riong, off Jalan Maarof. Photo credit: The Violet Flame\n\n\nLooking to optimise your health and wellness? Bangsar is the perfect lair in which to explore this purpose. Presently there are many yoga studios to check out, some of the best choices\u00a0being\u00a0\nSwarupa Iyengar Yoga Studio\n, \nMAVI Yoga Academy\n, and\u00a0\nYoga Dynamics\n. Seekers of alternative lifestyle regiments such as acupuncture\u00a0can give\u00a0\nThe Violet Flame\n\u00a0on Jalan Riong a go. Still not convinced of Bangsar\u2019s reputation as the grounds for holistic pursuits? Then consider this fact:\u00a0it is home to the main headquarters of world-known spiritual development company \nMindvalley\n.\n\n\nBangsar embraces\u00a0the artist in you\n\n\nL.Inc, the creative space located on Bangsar\u2019s Jalan Kemuja. Photo credit: DR.Inc.\n\n\nIn Bangsar, there are many avenues available to develop your artistic talents. Dying to learn up the ropes of\u00a0silkscreen printing? One can visit \nDR.Inc Cafe\n\u2018s creative learning extension \nL.Inc\n to attend workshops for that. Want to collaborate your art prowess with others? Consider the Art Jamming classes conducted at \nThe Studio at KL\n. Desiring to socialise with like-minded creatives? Look no further than aspiring creative campus \nAPW Bangsar\n (short for A Place Where) on Jalan Riong, where artistically inclined professionals come together and meet for coffee and collaborations.\n\n\nIt is the best location to make new friends\n\n\nEnjoy nighlight at speakeasy bars and pubs in Telawi.\n\n\nGiven Bangsar\u2019s\u00a0credibility for being one of the best nightlife destinations in Kuala Lumpur, it\u2019s not farfetched to say that you get to enjoy new rapports and relationships. With many bustling bars and pubs peppering the streets of Telawi, one can be sure that no happy hours and nights there go unspent without making new connections with new people.\n\n\nConsidering a new home in Bangsar?\n\n\nFind yourself falling in love with the neighbourhood? Whether for renting or buying, know that you can\u00a0put a request for the best Bangsar listings on \nbumbung.co\n. Just list all\u00a0your desired criteria, and you will receive the list in no time!\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nBangsar\nCity living\nKuala Lumpur\nNeighbourhood\nUnique\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe best Malaysian architects to know\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nQuick tips to make your house Pantone perfect\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/21/10-decors-that-elevate-your-rented-space/", "title": "10 decors that easily elevate your rented space", "body": "\n\nWhen renting a space, we are bound by the rules our landlord has set. We might not be able to paint the walls or fix built-in cabinets, and understandably so. That said, while we as renters cannot do as we please, we can always personalise your living environment with\u00a0easy, non-committal fixtures. The\u00a0trick is to utilise decors that elevate your rented space without causing\u00a0permanent change to it. The best thing about them? You can easily take them with you\u00a0once it\u2019s time to move out and move on later.\n\n\n\n\n1. Metallic\u00a0furniture\n\n\n\n\nIf there\u2019s one thing that could instantly glamourise a space, it\u2019s metallic furnishings and decors. Whether in gold, copper, or brass, they take a\u00a0room\u00a0from drab to\u00a0fab. With their rustic sheen, metallic pieces are bold statements on their own. So be sure not to overdo them by keeping their numbers limited in a given room.\n\n\n2. Mixed beddings\n\n\n\n\nNothing makes your home life more interesting than an eye-pleasing\u00a0rest in bed.\u00a0A good way to keep things interesting is to mix the colours and textures of your beddings. There\u2019s no rule that says everything has to be matchy-matchy in the bedroom, so have fun exploring themes and palettes. The visual complements that mixed beddings provide are a good way to enjoy\u00a0the unchangeable\u00a0colour of your bedroom walls.\n\n\n3. Displayed accessories\n\n\n\n\nInstead of letting coat hangers take up space, why not hang your hats and other accessories on the wall? They make a great statement that informs\u00a0your guests of your humour and zest for life. Also, doubling\u00a0your clothing pieces as home decors is a beautiful way to save\u00a0space. Think about the unused corners you could maximise with this idea!\n\n\n4.\u00a0Elegant pots\n\n\n\n\nIf you\u2019re a fan of keeping\u00a0plants in the house, why not go above and beyond with beautiful, out-of-the-norm potting for them? While we are in love with the minimalist weave basket pictured above, you can always opt for more colourful options, such as\u00a0\nthese terracotta pots mused about on Brit + Co\n.\u00a0Beautiful plant pots are one of the easiest decors that elevate your rented space instantly.\n\n\n5. Lines and curves\n\n\nPlaying with lines and proportions is a good way to artistically refresh your perception of space.\n\n\nLines and proportions are a good way\u00a0to refresh your spatial understanding. Treat\u00a0your possessions\u00a0as if they are actual artworks. Find new and creative ways to reuse them. Let\u00a0that striped vase of yours (like the one pictured above) to double as a coffee table centrepiece. Better yet, position a\u00a0strikingly coloured chair in an unmissable corner. There\u2019s no better way to repurpose unused spaces than this approach!\n\n\n6. Good lighting\n\n\n\n\nA good lighting system ensures a good atmosphere in your sanctuary. In a\u00a0city where fluorescent lights are a default option,\u00a0beautiful lamps emitting soft incandescence are\u00a0always a great alternative. The best ones come with a dimming option, which lets you control the degree of lighting you want for your home.\n\n\n7. Wall organisers\n\n\n\n\nMuch like the concept of the hanged hats earlier, you can use your walls to organise miscellaneous items and knick-knacks. We think wire wall organisers are always the best bet not only to group things together and but to let them hang for display.\n\n\n8. Quirky chairs\n\n\n\n\nGone are the days of rigid wooden stools!\u00a0Tracing their four-legged origins in ancient Egyptian times, the chair has seen countless updates over the years that redefine its function. Today,\u00a0there are many designs\u00a0and shapes that not only let you sit down comfortably but also inspire your\u00a0home life with its elegant aesthetics.\u00a0Think sculptures that you can sit on!\n\n\n9. Cool mood boards\n\n\n\n\nWhat\u2019s a\u00a0beautiful home without some mood boards to provoke thoughts and\u00a0suspend otherwise fleeting inspirations? A board with visual memorabilia is always\u00a0great to inspire a study or a meditative corner hosting\u00a0your intellectual pursuits, ambitious tasks and mindful activities.\n\n\n10. Mobile closet\n\n\n\n\nIf your rented space does not already come with built-in cabinets, fret not. There\u2019s no need to waste money buying big, wooden cupboards or storage system, when you can score a beautiful mobile closet (like \nthis one from Jesse Visser\n). Not only does it cultivate a mindful life of only keeping what you need, but it also ensures a smooth transition\u00a0if you ever decide to move out of your rented space one day.\n\n\nPhotos: Pinterest\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nDecors\nHome and living\nHome improvement\nHome staging\nRented space\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nQuick tips to make your house Pantone perfect\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nOld photos of Kuala Lumpur that make you want to time travel\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/23/old-photos-of-kuala-lumpur/", "title": "Old photos of Kuala Lumpur that make you want to time travel", "body": "\n\nThere\u2019s no doubt about it: \nKuala Lumpur\n is a cultural melting pot. A deeper probe into the thought suggests the following question, \u201cWhy is it so?\u201d Well think about it: we continuously search the past to make sense of the present, in order to map a better tomorrow. In this vein, we believe that\u00a0the present KL represents the union of people from various\u00a0backgrounds and beliefs, burgeoned after the independence of our nation (dated 31 August 1957, \ncommonly known as \u201cHari Merdeka\u201d\n). To look back\u00a0into the past is to trace\u00a0where our melting pot culture started. Here are old photos of Kuala Lumpur\u00a0that will make wish you can travel back in time!\n\n\n\n\nBukit Bintang\n\n\n\n\nFormally known as Tong Shin Road, Bukit Bintang was the place where Malaysia\u2019s\u00a0deadly \n13 May riots\n\u00a0had taken place. Today, this area sees the lighter side of life. Influenced by old China aesthetics, Bukit Bintang is now peppered with\u00a0countless bars and pubs, and is the go-to hub for nightlife lovers.\n\n\nCentral Market overlooking the Klang River\n\n\n\n\nThis was Central Market prior to the development of its now bustling surroundings. Imagine having artistic exchanges overlooking the Klang River!\n\n\nDataran Merdeka\n\n\n\n\nSo Tunku Abdul Rahman, the Father of Independence and our first ever Prime Minister, did not unleash the iconic chants of \u201cMerdeka! Merdeka!\u201d at this field; he did so at Stadium Merdeka. But the historical event fuelled\u00a0many patriotic congregations at Dataran Merdeka. Today, the square is the default place for national gatherings and protests.\n\n\nRoundabout\u00a0near Kuala Lumpur Railway Station\n\n\n\n\nHere, we see\u00a0the connecting point between Jalan Damansara and Jalan Sultan Hishamuddin in all of its vintage glory.\n\n\nKuala Lumpur Railway Station\n\n\n\n\nBuilt in 1910, the railway station was the holy hub to offer\u00a0travel across the city. Today, it sits second to the KL Sentral connecting\u00a0hub, but it still serves as an important pitstop\u00a0for the Keretapi Tanah Melayu (KTM) train services. The railway station is also a tourist attraction.\n\n\nJalan Tun Perak\n\n\n\n\nBack in the day,\u00a0Jalan Tun Perak was known as Mountbatten Road. It is one of Kuala Lumpur\u2019s\u00a0oldest roads\u2014so bask in that long overdue nostalgia every time you are here!\n\n\nMedan Pasar\n\n\n\n\nLocated right behind Central Market, Dataran Medan Pasar hosts not only\u00a0many heritage buildings but street musicians and artists, who would often\u00a0honour their exquisite beauty in their impromptu performances. Imagine the lyrics that they would sing or the colours they would paint, if they could somehow jump across time and see the square in the 60s!\n\n\nUniversity Malaya\n\n\n\n\nUniversity Malaya is Malaysia\u2019s answer to Oxford. The oldest university in the country, it is also the most prestigious. Here, we take a look at how the institution looked like, back in the 70s.\n\n\nA train station in Ampang\n\n\n\u00a0\n\n\n\n\nWith a quality worthy of cinema, this photo is a glimpse into what was an old train station located in Ampang.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nKuala Lumpur\nOld photos\nRetrospective\nVintage\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n10 decors that easily elevate your rented space\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nEttiquettes 101: How to break up with a bad agent\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/01/27/break-up-with-a-bad-agent/", "title": "Ettiquettes 101: How to break up with a bad agent", "body": "\n\nBuying or renting a new home is never an easy experience.\u00a0Because of this, we would all expect to experience smooth business transactions with our agents. But sometimes, things are not as great as they\u00a0should be, and the professionals we hire\u00a0end up falling short of our expectations. Some warning signs include lack of communication, commission issues, and conflict of interest.\n\n\nBy now, you might already be thinking to end your ties and find another match to help you. But much like in a personal relationship, parting ways with your agent is not as easy as it sounds. If you find yourself\u00a0in this sticky situation, then\u00a0read on to find out how best to break up with a bad agent.\n\n\nBe honest and upfront about your reasons\n\n\nThere are many reasons why your business partnership did not go as planned. You might feel frayed from your agent\u2019s lack of follow-ups or prioritisation towards your needs as a client. Perhaps they lack focus. Maybe you\u00a0both had recently came to a disagreement about the final amount of commission to be paid. Whatever the reason may be, do not try to cover up the truths behind a\u00a0professional breakup. If anything, being honest with your agent will provide great feedback, which serves as valuable\u00a0lessons inspiring them to shape up for future endeavours.\n\n\nEnd the relationship face-to-face\n\n\nNo one likes to\u00a0go through tough situations,\u00a0not even for professional integrity. The code of conduct for breaking up in person exists in life for a reason, and your relationship with your agent shouldn\u2019t be exempted from the rule. Always nip things in the bud by scheduling\u00a0time to meet\u00a0in person, and certainly never fire your agent over the phone or in instant messages.\u00a0It\u2019s always important to ensure that\u00a0you actively minimise all chances of further misunderstanding, which could happen with the lack of tone in virtual communication processes.\n\n\nBe sure to communicate honestly with your agent about your reasons, before letting them go.\n\n\nAlways proceed your talk with caution\n\n\nSometimes, we forget that property agents are human beings too. Just like us, they live personal lives and feel personal emotions. Therefore, it\u2019s always best to plan your \u2018breakup\u2019 talk in advance, preferably on a\u00a0day when your agent isn\u2019t\u00a0occupied or stressed out. Be sure to pick a nice location that isn\u2019t too public, so they don\u2019t have to deal with the unnecessary emotion\u00a0of shame. Also, remember to keep calm throughout your discussion. Never talk to your agent in a condescending tone, loud volume or any manner that could cause them to turn defensive. Such will only make the situation more personal than it should be!\n\n\nMove forward\u00a0internally and gracefully\n\n\nJust because you are to break up with a bad agent, it\u00a0doesn\u2019t mean that you should justify the situation\u00a0to the whole world. If there\u2019s a noble move to honour on your part, it\u2019s keeping your reviews to yourself. There\u2019s no need to offer unsolicited advises about the same agent to anyone, not even a family\u00a0member or friend, unless they are\u00a0currently using their services. As someone who should wise up from a bad experience,\u00a0you shouldn\u2019t even\u00a0regard the bad agent\u2019s\u00a0existence in the first place.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nAgents\nBusiness\nEtiquettes\nRelationships\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nOld photos of Kuala Lumpur that make you want to time travel\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 important home factors that influence creativity\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/02/05/home-factors-that-influence-creativity/", "title": "5 important home factors that influence creativity", "body": "\n\nAs humans, we are born with the need to create, and therefore, be creative. From an existential point of view, that\u2019s the only reason we are motivated to do anything\u00a0at all in life. For this reason, having a home that facilitates our creative nature is important. With this in mind, how do we know for sure the house that we have been wanting truly caters to\u00a0our most imaginative personal pursuits? Consider these\u00a0important home factors that influence creativity to ensure you are making the right choice.\n\n\n1. A good\u00a0entry way\n\n\n\n\nThe\u00a0first point past your main doorway\u00a0is the first thing that you will see upon entering the\u00a0house. As such, the area should look outstanding to your eyes. This helps reset your mood and establish a sense of awe and personal wonder as you indulge in homely activities, especially after a long day outside.\n\n\n2. A sensible\u00a0layout\n\n\n\nA good floor plan is extremely vital, as it ensures the fulfilment of other home factors that influence creativity. No beautiful home office, reading corner or painting studio could be installed and put to good use if you live in a house that has a nonsensical layout or\u00a0irreparable architecture.\n\n\n3.\u00a0Big, bright windows\n\n\n\n\nThe most profound things you could do in your life involves making things with your\u00a0hands, such as baking, rearranging furnitures and arranging flowers. While the best\u00a0home lighting systems could illuminate them, nothing works and inspires quite like natural lighting. Big windows with good glass panes are thus important to ensure that sunlight goes in and refracts beautiful inside the\u00a0house.\n\n\n4. Expansive\u00a0corners\n\n\n\n\nThe thing about usable nooks is that you can always repurpose them from time to time. Taking up knitting? Enhance your skills with a well-placed armchair for comfort and focus. Taking up piano lessons? Ensure that the corner you have in mind could fit a large upright instrument, if not the grand version. Embarking on a spiritual journey? Reimagine the area with a console table solidifying a beautiful altar to house your most sacred possessions.\n\n\n5. An extra room or two\n\n\n\n\nWithout a doubt, an extra perimeter of space is always helpful\u00a0to inspire a home office, library, dark room or creative studio.\u00a0Since your most personal thoughts processes would occur in the designated room, it is important that\u00a0it provides\u00a0good floor paneling, big window, and ventilation system.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nCreativity\nHome and living\nHome factors\nInterior\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nEttiquettes 101: How to break up with a bad agent\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe best speakeasy bars in KL to check out\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/02/08/best-speakeasy-bars-in-kl/", "title": "The best speakeasy bars in KL to check out", "body": "\n\nIn Kuala Lumpur, new bars open every week faster than you can\u00a0say Jack Robinson.\u00a0Oftentimes, this means a variety of options to choose from. But sometimes, too\u00a0many choices can lead to\u00a0confusion. In this event, you would want to bet your money on speakeasy bars. Usually\u00a0hidden from public knowledge, a speakeasy bar is\u00a0not known to those who don\u2019t have prior knowledge of their location. Little crowd, massive alcohol-fuelled conversations \u00a0\u2014 isn\u2019t that what dreams are made of? We sniff out\u00a0the best speakeasy bars in KL so you don\u2019t have to.\n\n\n\n\nSparrow Bar\n\n\nPhoto source: EatDrinkKL\n\n\nFounded by bartending sensations Shawn Chong and Karl Too, Sparrow Bar takes pride in being the best cocktail bar in town. When the two are not there, look out for talents Shirmy Chan and Joel John Timis to fix your favourite cocktails for you.\n\n\n15 Jalan PJU 5/13, BU 2, 41870 Petaling Jaya.\u00a0\n\n\nOmakase + Appreciate\n\n\nPhoto credit: Omakase + Appreciate\n\n\nOmakase + Appreciate\n\u00a0 resides in the basement of an office building. To get there, one needs to get pass a locked entrance. \u00a0This bar is number 1 on our list for a reason:\u00a0it is among the top 10 entries in Drinks International\u2019s Asia\u2019s Best Bars\u00a0list.\n\n\nBangunan Ming Annexe, Jalan Ampang, Kuala Lumpur.\n\n\nThe Locker and Loft\n\n\nPhoto credit: The Locker and Loft\n\n\nLocated in\u00a0Damansara Kim, The Locker and Loft\u00a0is all about cultivating an open mind. Decorated to impress, the speakeasy bar boasts a\u00a0great menu of Asian-inspired\u00a0bites and whimsical cocktails.\n\n\n40A, Jalan SS 20/10, Jalan Damansara, Damansara Kim, 47400 Petaling Jaya.\n\n\n61 Monarchy\n\n\nPhoto credit: 61 Monarchy\n\n\nFans of whisky should definitely check out \n61 Monarchy.\n The bar is set to become Petaling Jaya\u2019s top whisky bar. Here, you find yourself amazed with every whisky offering. Whether it\u2019s\u00a0Scotch, Irish, Canadian, or Welsh, your liquor of choice will never disappoint.\u00a0Need one to suit your unique taste? Don\u2019t hesitate to ask bar manager Chris for help.\n\n\n61, Jalan SS 21/1A, Damansara Utama, 47400 Petaling Jaya.\n\n\nPrivate Room\n\n\nPhoto credit: Private Room\n\n\nPrivate Room\n is the first speakeasy bar dedicated for wine lovers, both veterans and novice. Founded by\u00a0an interesting team of bankers, entrepreneurs and sommeliers, the bar takes pride in serving the best wines from Africa, Spain, France and more at affordable prices.\n\n\n48A-2, First Floor, Persiaran Zaaba, Taman Tun Dr Ismail,\u00a0\nKuala Lumpur.\n\n\nBlue Elephant\n\n\nPhoto credit: Blue Elephant\n\n\nThis silver screen-themed speakeasy nest\u00a0emerged unannounced, making it a chic underground destination for night life patrons. Adding to the mystery, \nBlue Elephant\n does not have a signage, so one has to solely follow\u00a0its address to figure out its location. But once its found, the bar disappoints not. Rest assured, you are in for a good time here.\n\n\n15 Plaza Damansara, Medan Setia 1, Bukit Damansara, 50490 Kuala Lumpur.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nKL\nKuala Lumpur\nnight life\nSpeakeasy bars\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 important home factors that influence creativity\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to bring the spirit of the Rooster into your home\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/02/15/bring-the-rooster-into-your-home/", "title": "How to bring the spirit of the Rooster into your home", "body": "\n\nSo 2017 is the year of the Rooster, and \na Fire one at that\n. As those who observing the recent Chinese New Year might have told you already, the earthly zodiac is all about\u00a0steady efforts and achievements. Here, we bring you quick tips on how to channel the Rooster in your city life, because nothing is as good\u00a0as a life fool-proofed.\n\n\n\n\nBombard your home with all things\u00a0Rooster\n\n\n\n\nThis is the easiest, most direct way to incorporate the Rooster in your city life. Whether it\u2019s a vase with cockerel motif or a knitted pillow cover bedecked with the animal\u2019s face, there\u2019s always a decor item that fits the theme! Our favourite piece:\u00a0\nthis decorative decoupage from John Derian Inc\n.\n\n\nCreate a corner for meaningful\u00a0activities\n\n\n\n\nThe year of the\u00a0Rooster is all about mindful observations. You can bring in this particular attribute into your life by recreating a sacred space in your home. This could be in the form of a\u00a0painting room, a reading nook, or simply an updated home office. When the space in which you carry out your meaningful activities looks good, you will eventually feel your best and, \nvoila\n, perform your best.\n\n\nTime to embrace the golden spectrum\n\n\n\n\nEvery year has its own set of lucky colours. The year of the Rooster is all about embracing shades of gold, yellow and brown.\u00a0The earthy colours, when done right, can warm up your space.\u00a0Incorporate them in slices and accents, instead of repainting an entire room in them. According to the feng shui masters, one must avoid white and green at all cost this year. We know, we know that\u00a0\nPantone had just told us to embrace green\n! But if you\u2019re feeling really serious about your luck, then you know what to do.\n\n\nIncorporate fitness into your space\n\n\n\n\nExperts have revealed that the year of the\u00a0Rooster emphasises the importance of\u00a0nurturing one\u2019s health. Honestly, there is no better way to do this than to up our fitness game. Instead of spending our free time at the gym, why not take your routine home? Free up an unused yet cluttered\u00a0area to make room for easy yoga or\u00a0body-toning sessions. Use this opportunity to finally inspire yourself to getting into action\u00a0within your comfort zone, literally.\n\n\nFill\u00a0up your vases with gladiolas\n\n\n\n\nAccording to the experts, the luck of this year would bloom forth with the \nthe gladiola flower\n around. Belonging to the iris family, the flower is also known as sword lily. Another good way of incorporating the flower is to fill in empty vases and station them around your house. The stems of the gladiola are soothingly green to look at, so why not use translucent housings to showcase the plants? If you can\u2019t find any gladiolas, then your best bet would then be the cockscomb flower which is predicted to be just as luck-giving.\n\n\nBring in more clocks to keep track of time\n\n\n\n\nThe Fire Rooster is said to be all about responsibility via time management. Keep better track of your time by putting up more clocks around the house! Since we are being auspicious, we might as well keep things interesting by looking out for beautiful clock designs to bring home, like \nthis beautiful agate clock on Etsy\n.\n\n\nPhotos: Pinterest\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nChinese new year\nChinese zodiac\nCity living\nFeng shui\nHome and living\nRooster\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe best speakeasy bars in KL to check out\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n10 tips to make your home Instagram-worthy\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/02/26/design-principles-from-cheong-fatt-tze-mansion/", "title": "Home inspiration: Design principles to learn from Penang\u2019s Cheong Fatt Tze Mansion", "body": "\n\nIf you are traveling to Penang for a getaway from the city, do not miss the chance to visit the \nCheong Fatt Tze Mansion\n. Built in 1880 as a private home for\u00a0famed Chinese merchant \nCheong Fatt Tze\n, the building now serves as a\u00a0museum-cum-hotel. The mansion is not only perfect for history lovers. Being a heritage site, it\u00a0is also a great reference for design enthusiasts. If you are one, take note! We walk you through some of the best design principles to learn from the Cheong Fatt Tze Mansion.\n\n\n\n\nYour city can be your best decor inspiration.\n\n\n\n\nPenang is very big on\u00a0preserving its \nperanakan\n culture. Evidently, the Baba and Nnonya touch is a theme consistent with the designs of many UNESCO-listed heritage buildings\u00a0here, including the\u00a0Cheong Fatt Tze Mansion. This shows that the environment we live in is always the best source of home inspiration. Where our city\u2019s identity is personally interpreted,\u00a0what we ultimately reflect is\u00a0our peaceful relationship\u00a0with our\u00a0cultural history.\n\n\n\u00a0Blue is the warmest colour.\n\n\n\n\nWhat makes the mansion recognisable is its distinctive blue colour. Sitting somewhere between indigo and dove blue, the colour was assigned to the mansion\u2019s walls to replace their original white colour which, according to the Chinese, represents\u00a0death. The choice isn\u2019t surprising, since blue associates with calmness, trust, peace and order. It is thus always a good idea to incorporate this colour into your home\u2019s\u00a0most intimate areas such as the bedroom, bathroom or home office.\n\n\nFeng Shui is always a good idea.\n\n\n\n\nThough some changes have been made to its design over the years, the Cheong Fatt Tze Mansion was originally built to strictly adhere to Feng Shui principles. Feng Shui, literally translating into the \u201cwind and water\u201d, refers to the art of placement; it examines\u00a0energy flow and promotes balance throughout the home. If you are not too keen on superstitions, you can interpret Feng Shui into your space through the play of proportions. Either that or you can balance colours and textures when you\u00a0attempt redecoration.\n\n\nGeometric patterns exude finesse.\n\n\n\n\nA good look around this blue mansion and you\u2019ll realise the presence of many geometric\u00a0motifs and patterns everywhere. They can be found on wooden doors, staircases and walls. Want to inject a bit of the Asian take on geometry\u00a0into your home? Why not look to these Oriental patterns as inspiration. Think cushion covers, dinnerware sets and lush curtains.\n\n\nA little visual surprise goes a long way.\n\n\n\n\nNothing conjures\u00a0design awe more than the cross between tradition and modernity. While most of the rooms in the Cheong Fatt Tze Mansion promotes\u00a0old-school aesthetics,\u00a0its bathrooms\u00a0are quite the opposite (as pictured above). This visual play proves that when it comes to design, there\u2019s no such thing as limitations\u2014only inspirations.\n\n\nPhoto source: Cheong Fatt Tze Mansion\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nDecors\nHeritage\nHome inspiration\nInterior design\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n10 tips to make your home Instagram-worthy\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat is in store for Malaysia's property market in 2017\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/02/26/tips-to-make-your-home-instagram-worthy/", "title": "10 tips to make your home Instagram-worthy", "body": "\n\n\u00a0\n\n\nFace it. Who doesn\u2019t want a beautiful home? Not only does a good-looking abode facilitate an owner\u2019s overall sense of living, shelter and storage, it also reflects on its\u00a0their characteristics. In a digital age wherein \nInstagram\n is one of the most important social media tools\u00a0to showcase one\u2019s taste in life, nothing\u00a0displays identity better than a well-curated home. Want to improve your home life, and be the talk of the town at the same time? Here are 10 easy tips on making your home Instagram-worthy.\n\n\n\n\n1. Let there be light\n\n\n\n\nThe first rule of taking good photographs, even on Instagram, is good lighting, which natural light never fails to ensure. This means inviting, window-adjacent corners in which one can read, make crafts or reflect on good memories. Whether with plush armchairs, wooden Valencias or \nMoroccan pouffes\n, it\u2019s always great to personalise your sacred spaces.\n\n\n2. Play up the brass factor\n\n\n\n\nAs many Pinterest boards would testify, brass is the trend \ndu jour \nthat\u2019s unlikely to fade anytime soon. Slice them in accents to spruce up your living room, entertainment areas, and bedrooms. Can you blame us for waxing lyrical about this?\n\n\n3. Create pet-friendly nooks and crannies\n\n\n\n\nIf there\u2019s one thing that keeps followers hooked on your Instagram journey, it\u2019s the cute animals you call family. Take your game up a notch by rethinking the playing pans and lazing areas for your pets. Punch in the fun with colours, textures, and patterns. Since pets take one\u2019s social media\u00a0game up a notch, you can rest assured that they will help make your home Instagram-worthy too.\n\n\n4. Chalk up your walls to a\u00a0good board\n\n\n\n\nWho says you can\u2019t make a mark on the wall? The trick to making it a photogenic cause is to make it elegant. Paint a wall dark forest green and write your inspirations with chalks. Isn\u2019t it a dream to find out that your childhood rule does not apply in adulthood, that you can in fact splash, sketch and scribble on the planes of your home?\n\n\n5. Your house, your museum\n\n\n\n\nAnother good way to make your home Instagram-worthy is to treat your house like a museum. Again, your walls are your best medium. Hang beautiful paintings and arty photographs. If possible, curate them based on a preferred theme, to show your friends and loved ones what your passions in life are all about. Pro tip: Matisse, Van Gogh prints are great to inject drama into a modern space.\n\n\n6. Embrace your stripes\n\n\n\n\nA photogenic home is all about proportion. To make your home Instagram-worthy, you have to master the art of balancing shapes and lines. Incorporating stripes, for instance, allows a viewer\u2019s gaze to dance around a given space. Imagine the beautiful photos you could take, with a striped carpet, a lined vase or wallpaper in view.\n\n\n7. Make statements with indoor lighting\n\n\n\n\nStatement decors are always the best conversation starter, and lighting devices shouldn\u2019t be exempted from this idea. When it comes to this, no instalment can convey a dramatic effect better than a beautiful, swooping chandelier.\n\n\n8. Let your bathrooms speak\n\n\n\n\nLike it or not, people do take photos and selfies in the bathroom! Whether for you or your guests, ensure that this hidden part of your home is fit for the occasion by injecting visual spice into it. Hang artworks on the walls or freshen up the space with some fresh flowers and incense. Our favourite reference of all time: \nEnglish singer Florence Welch\u2019s Frida Kahlo-themed bathroom\n.\n\n\n9.\u00a0Let your garden paint a scene\n\n\n\n\nIf your current property comes with a surrounding yard, consider yourself lucky! Not only do you have more space to play with, you also get to enjoy the gift of Nature via your sowing efforts. Imagine the beautiful photos that you can take featuring your flowers and plants.\n\n\n10. Decorate with your memorabilia\n\n\n\n\nThe best thing about Instagram is that you share your memories, and what better way to reflect this dynamic than to have your house decorated with tokens of good times past? Bring out the old records, the old Polaroids and film photos, the old books or anything in your keepsake that you have let buried. The fun part is in the creative ways in which you can use them to add warmth and beauty to your home.\n\n\nIf you are looking for the perfect place to turn it into an Instagram-worthy home, just key in your request on \nBumbung.co\n.\n\n\nPhoto source: Pinterest\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nDecors\nHome and living\nInstagram\nInterior design\nSocial media\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to bring the spirit of the Rooster into your home\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHome inspiration: Design principles to learn from Penang's Cheong Fatt Tze Mansion\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/02/27/property-market-2017/", "title": "What is in store for Malaysia\u2019s property market in 2017", "body": "\n\nThe property market basically function like all the other business trades \u2014 simple fundamentals of demand and supply. However, a country\u2019s economy against the global\u2019s economy\u00a0as well as its political scene will affect the property market.\n\n\nMalaysia\u00a0is still going\u00a0through political instability and the global economy still\u00a0isn\u2019t looking too bullish from last year. What can be expected of the property market in Malaysia? There have been a couple of reports earlier this year and we intend to sum it up here.\n\n\nAccording to \nMalay Mail\u00a0Online\n, the local property market in 2017 will continue to be subdued this year. Research arm of property consulting firm Rahim & Co. said,\u00a0\u201cThe property market is expected to remain subdued for a period of 12 to 18 months\u201d.\n\n\nThe Malaysian property\u00a0market saw a decrease in sales\u00a0last year and will continue as such this year. It will be a buyer\u2019s markets as there will be a period of adjustment and price consolidation to bridge the gap\u00a0between prices demanded by the sellers and home seekers.\n\n\nGlobal property consultancy\u00a0\nKnight Frank Malaysia\n\u2018s\u00a0managing director Sarkunan Subramaniam told \nMalay Mail Online\n that he is optimistic\u00a0that\u00a0the property\u00a0market will bounce back at the end of 2017 despite the market\u2019s falling demands to purchase properties amid sluggish economy.\n\n\nPutrajaya has also intended to\u00a0increase the stamp duty rates for real estate worth more than RM1million, which will come into effect in 2018. This action could be a double-edged sword for the market. It may help boost sales of properties this year and force developers to build cheaper in the future.\n\n\n\u201cWhilst this announcement is expected to further dampen the high end condominium segment in 2018, it may boost sales of million ringgit homes before 2018.\n\n\n\u201cPost 2018, more developers may price their products below the RM1million threshold, offering smaller built-up and lesser furnishing,\u201d he says.\n\n\nOn the up side, it may be a positive year for\u00a0Klang Valley according to\u00a0WTW 2017 Malaysia Real Estate Market Outlook. This area might\u00a0benefit\u00a0from new\u00a0infrastructures \u2013 HSR, MRT and LRT additional lines and stations, new highways and expressways.\n\n\nHowever, Rahim & Co.\u00a0did expressed concerns that there may be an oversupply in the commercial sector. This is backed by the latest Malaysia Commercial Real Estate Investment Sentiment Survey (CREISS) 2017\u00a0conducted by Knight Frank Malaysia. The survey is based on the sentiments of industry players.\n\n\nAccording to \nThe Star\n, this oversupply\u00a0will continue to apply pressure on occupancy rates and rental yields. However,\u00a0over half of those polled said they intend to continue investment in the retail and office sectors this year.\n\n\n\u201cDespite the challenging operating environment, the respondents have expressed their interest in exploring investment opportunities in various regions.\n\n\n\u201cSabah and Penang were voted as the highly attractive regions for hotel and leisure investment, likely attributed to their strong tourism market,\u201d says Subramaniam in the statement.\n\n\nFrom the survey, the interest\u00a0in investing in the hotel and leisure sectors is very apparent with its leap\u00a0from 65% last year to 93% in 2017.\n\n\nIn the coming months leading to 2018 will be interesting to watch. While some might find their prospects\u00a0bleak but\u00a0there is hope.\u00a0All we can do is hope and invest when the timing is right.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nbuying\ninvestment\nKuala Lumpur\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHome inspiration: Design principles to learn from Penang's Cheong Fatt Tze Mansion\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMah Sing Group unveils new logo\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/01/mah-sing-unveils-new-logo/", "title": "Mah Sing Group unveils new logo", "body": "\n\nMah Sing Group Bhd\n\u00a0introduced its new corporate logo and tagline during the company\u2019s annual dinner recently.\u00a0The new logo\u00a0was designed by award-winning\u00a0Australian brand consultant \nTraffic\n. It\u00a0is the company\u2019s third revamp to reflect the company\u2019s identity \u2014\u00a0\u00a0a company that strives for excellence in product delivery, quality, customer service and customer care.\n\n\n\n\n\n\n\u201cOur first logo was designed by my late father in the 1960s which was a horse,\u00a0\nMah\n, inside a star,\u00a0\nSing\n. It symbolised his determination to expand his business across Malaysia and Singapore. Our second logo took shape in 1982, and was the work of my friend who drew Mah Sing\u2019s logo on a napkin. Those few minutes in the most informal of environments lead to the creation of our logo, which is now recognised by millions,\u201d said Tan Sri Dato\u2019 Sri Leong in a statement.\n\n\nThe concept behind the new logo is timely and in-line with Mah Sing\u2019s group-wide transformation.\n\n\nWHAT ELSE IS NEW BESIDE THE LOGO?\n\n\nTo go along with the new logo, the new tagline reads :\u00a0Reinvent Spaces. Enhance Life.\n\n\n\u201cWe want to be a meaningful corporation for now and the future. Now, in everything we do, we want to firstly, enhance life. We want to ensure all live well; our customers, our people and our stakeholders.\u201d he explained.\n\n\nTo truly embrace its new vision, it is renovating its headquaters in Wisma Mah Sing located at Jalan Sungai Besi. It will be known as MS@Work. It will feature various modern layouts that appeal to millennials such as open space concept, collaborative break areas and colourful pantries. Renovations are expected to be completed in mid 2017.\n\n\nThe company also introduced its POWER statement, which stands for Performance First, Ownership, Well-Being, Empowerment and Resourcefulness. It is\u00a0a continuous learning programme to train staff and uphold the company\u2019s values.\n\n\n\u201cWe understand the importance of our staffs\u2019 well-being in the company. Having\u00a0a high percentage of millennials in our workforce and we believe that addressing their needs is important. We are transforming our company so that both new and experienced staff will be able to achieve a better personal and career growth.\n\n\n\u201cWith the launch of our new logo, tagline and vision, we are instilling a new mind set that will permeate everything we do,\u201d Leong added.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\ndevelopers\nKuala Lumpur\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat is in store for Malaysia's property market in 2017\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMust-visit art galleries in Kuala Lumpur\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/02/malaysia-eco-living-house/", "title": "Malaysia\u2019s first zero-energy, carbon neutral and eco-living house", "body": "\n\nMake way for the latest eco-living concept in Malaysia.\u00a0\nGreenMan Tin\ny Home\n\u00a0is\u00a0Malaysia\u2019s first ever extreme zero energy, completely off-grid, carbon neutral and affordable house. It\u2019s a \nkampung\n-inspired home that\u00a0only the size of a parking lot.\n\n\nHowever, don\u2019t let that deceive you! It\u2019s capable of producing its own electricity, harvests rainwater for the occupants and even recycles its own waste. Super awesome!\n\n\n\n\nMalaysia has been facing all sorts of pollutions for the longest time and the causes are many\u00a0\u2014 from\u00a0large number of cars to forrest fires.\u00a0According to a \nrecent US study\n, as many as 6,500\u00a0Malaysians may have died\u00a0from health complications in 2015\u00a0as a result of\u00a0the prolonged haze from Indonesian forest fires. Therefore, it\u2019s always good news that\u00a0that there are people out there doing something about our environment.\n\n\nThe Tiny Home is fully functional on its own and doesn\u2019t need any external power supply, water or sewage treatment.\u00a0Sustainable advocate\u00a0Matthias Gelber\u00a0(Internationally known as \u201cThe Green Man\u201d) champions this project.\n\n\n\u201cIt has bothered me that modern homes are hot like saunas and that the use of air-conditioning has become the norm. We went back to the original structure of \nkampung\n houses and made urban living comfortable without the need for an external electricity source and water supply.\n\n\n\u201cMost people think eco-living is expensive but I want to prove that using natural resources like solar power can be cost effective, provided items that consume a lot of electricity are completely avoided. The GreenMan Tiny Home project is an educational experiment. I hope that many Malaysians will learn from it and be inspired,\u201d explained Matthias.\n\n\nA lot of effort has gone into the mindful selection of construction materials. \u201cWe have chosen recycled, upcycled, locally manufactured and sustainable materials whenever possible in an effort to provide a carbon neutral structure,\u201d said Dr. Paul D\u2019Arcy, GreenMan Tiny Home\u2019s architect and engineer.\n\n\n\n\nEco-living GreenMan Tiny home embodies the seven components of circular architecture :\n\n\n\n\nResident\n \u2013 The provision of space and furnishings are\u00a0carefully selected to satisfy the lifestyle requirements of the occupant\n\n\nRegion\n \u2013 Construction materials and methods are\u00a0chosen to address local climatic requirements.\n\n\nReduction\n \u2013 Elimination the use of high energy consuming climate control systems and wasted space.\n\n\nRecovery\n \u2013 The use of rainwater harvesting and solar power removes the need for electrical and water connections. Grey and black water treatment systems provide nutrients for fruit and vegetables.\n\n\nRecycle\n \u2013 Discarded items and materials used to manufacture the furniture, air diffusers, light fixtures and accessories are\u00a0collected by\u00a0local and international students.\n\n\nRepair \u2013\n Discarded computer fans and even a car water pump are\u00a0collected and repaired. These items make up the components of the Tiny Home\u2019s ventilation and water distribution systems.\n\n\nReplenish\n \u2013 The GreenMan Tiny home is carbon neutral in its construction and zero-carbon footprint in its daily use. This unique combination contributes to the replenishment and repair of Mother Earth.\n\n\n\n\nIn addition, each Tiny Home is fully portable due to it\u2019s compact size. Hence, it can be a suitable means of housing victims of floods and other natural disasters as well. However, this compact size takes into account the minimum space required for unhindered movement and daily activities.\n\n\nFinally, the GreenMan Tiny Home\u00a0comes at an affordable price of RM60,000 to RM65,000 only.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\narchitecture\nBuildings\neco-property\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMust-visit art galleries in Kuala Lumpur\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBumbung For Agents new app\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/02/must-visit-art-galleries-in-kuala-lumpur/", "title": "Must-visit art galleries in Kuala Lumpur", "body": "\n\nKuala Lumpur is not only a booming financial hub, it is also a platform for artistic pursuits.\u00a0Besides beautiful malls and historical landmarks, the city also hosts a series of galleries and museums. Curious to\u00a0find out what inspires Malaysians?\u00a0Just visit\u00a0these\u00a0art galleries in Kuala Lumpur\u00a0to find out.\n\n\n\n\nGaleri Petronas\n\n\n\n\nEstablished in 1993 by \nPETRONAS\n, \nGaleri Petronas\n\u00a0aims to discover and promote hidden Malaysian talents.\u00a0Arty highlights include\u00a0standout works by high-ranking artists Abdul Latiff Mohidin and Syed Ahmad Jamal. From time to time, Galeri Petronas hosts workshops and competitions, in hopes to\u00a0improve public\u00a0awareness on the local art landscape.\n\n\nGround Floor, Petronas Towers, Suria KLCC, Jalan Ampang, Kuala Lumpur\u00a0\n\n\nTAKSU KL\n\n\n\n\nCreated in 1989, \nTAKSU\n is the first gallery to promote the contemporary art movement in Malaysia. They\u00a0have since expanded their wings to Bali and Singapore to reach out to highlight more Southeast Asian artists. The KL gallery is not only an exhibition space, it is also\u00a0a\u00a0consulting firm wherein collectors and dealers can seek advise. Their best pillar to date: the TARP (Artist Residency Program), an exhibition-centric program that promotes collaborative efforts between young talents.\n\n\nJalan Pawang, Kuala Lumpur\n\n\nWei Ling Gallery\n\n\n\n\nFounded by art enthusiast Lim Wei Ling, \nWei Ling Gallery\n is definitely a labor of love. Located on Brickfield\u2019s Jalan Scott,\u00a0the gallery tirelessly showcases both local and international contemporary art every month.\u00a0Wei Ling\u2019s portfolio covers all aspects of art including paintings, architecture models, sculptures, photography and mixed media installations. The\u00a0gallery also doubles as a publishing house; here,\u00a0you can\u00a0find many books profiling contemporary artists and their approaches.\n\n\n8 Jalan Scott, Brickfields, Kuala Lumpur\n\n\nNational Visual Arts Gallery\n\n\n\n\nLocated in a complex next to the National Library Theatre, the National Visual Arts Gallery sits for art lovers and knowledge seekers\u00a0to come together. Starting with only four artworks in 1958, the gallery has grown in leaps and bounds. Today, it boasts over 4,000 Malaysian artworks, making it one of the best art galleries in Kuala Lumpur to date.\n\n\nNational Visual Arts Gallery, 23B Jalan Bachang, Kuala Lumpur\n\n\nGaleri Chandan\n\n\n\n\nOwning its name to Perak\u2019s Bukit Chandan, \nGaleri Chandan\n promotes\u00a0cultural exchanges, art and craftsmanship.\u00a0On top of promoting urban installations,\u00a0the hip gallery also highlights contemporary indigenous art via\u00a0three in-house programs: The Future of Malaysian Art Project, Malaysian Emerging Artist Award, and the Kembara Jiwa\u00a0(Travelling Soul) Award.\n\n\nPublika, 1 Jalan Dutamas 1, Solaris Dutamas, Kuala Lumpur\n\n\nMap @ Publika\n\n\n\n\nPublika\u2019s \nMap\n splits into two divisions: the White Box and the Black Box. Due to its open-plan perimeter, the White Box is more apt for showcasing art exhibitions and grand installations. The Black Box, meanwhile, serves as a 250-seat theatre hosting music\u00a0events, video installations, and stand-up comedy events.\n\n\n1, Jalan Dutamas 1, Solaris Dutamas, Kuala Lumpur\n\n\nAlliance Fran\u00e7aise KL\n\n\n\n\nAlliance Fran\u00e7aise is\u00a0first and foremost a language centre,\u00a0so one would not typically know them to be\u00a0an\u00a0exhibition space. Well, they are one! Following this, Alliance Fran\u00e7aise hosts the annual French Film Festival, which\u00a0explores not only summer films but also contemporary French art.\n\n\n15 Lorong Gurney, Kuala Lumpur\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nArt\nCity living\ngalleries\nKuala Lumpur\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMah Sing Group unveils new logo\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMalaysia\u2019s first zero-energy, carbon neutral and eco-living house\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/03/bumbung-for-agents-new-app/", "title": "Bumbung For Agents new app", "body": "\n\nHaving some experience as a real estate agent\u00a0in the past, we know that\u00a0life as an agent is always on the move. Understanding this, Bumbung has just recently launched a new app,\u00a0\nBumbung for Agents\n.\n\n\nThe app includes\u00a0functions such as uploading listings and managing credits within the app. It is absolutely free for agents to list properties as well as to start a Bumbung\u00a0account.\n\n\nThe sign up is very simple. All they need to do is to key in\u00a0their basic profile along with a valid contact number and REN / EA / PEA identification (registered license under\u00a0\nBOVAEA\n\u00a0\u2013 Board of Valuers Appraisers and Estate Agents).\n\n\nSince Bumbung\u2019s\u00a0launch in May 2016, it\n\u00a0\nhas connected many home seekers and agents via their platform Bumbung.co. It has generated over 1,000 matches for the current existing agents in the short eight months of operating.\n\n\nA\u00a0match is only generated when the home seeker requirements and a listing has an 80% compatibility match. This is based on the budget, location, timeliness, required property date and the rating of the agent.\n\n\n\u201cWe\u2019re happy to know that our product is serving a larger purpose to bring transparency into the property marketplace. Especially with many other platforms offering only classified ads.\u00a0\u00a0The\u00a0agents using us have been supportive of our work because we were able to justify their marketing cost with us through the results that they have seen,\u201d says\u00a0Gadiy\u00a0Lim, Bumbung\u2019s co-founder.\n\n\nWe know that there are agents who will\u00a0spend an average of\u00a0over RM2,000 and above per month on advertisements. However, as the space is very saturated with many agents offering the same thing,\u00a0these advertisements don\u2019t necessarily reflect the actual results.\n\n\nSo that\u2019s why Bumbung exist to do what it does. Plus, we made this app as a value added service for Bumbung\u2019s\u00a0go-getter agents.\n\n\nDOWNLOAD BUMBUNG FOR AGENTS :\n\n\nThe app is now available to download for free from the\u00a0\nApple appstore\n\u00a0and\u00a0\nGoogle playstore\n.\n\n\nFor more information on how to sign up as an agent, visit our website.\n\n\nGet genuine leads today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nInside Bumbung\n \n\n\n\n\nTagged\n\n\nagent\napp\nklang valley\nKuala Lumpur\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMalaysia\u2019s first zero-energy, carbon neutral and eco-living house\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nKota Kinabalu goes green with new eco-friendly building requirements\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/05/kota-kinabalu-new-eco-friendly-building-requirements/", "title": "Kota Kinabalu goes green with new eco-friendly building requirements", "body": "\n\nGoing green is a concept still in its infancy stage in Malaysia, but it\u2019s growing. Kota Kinabalu for one has recently announced all buildings to send in their Overall Transfer Thermal Value (OTTV) and Roof Insulation submissions,\u00a0effective August. Following this, the \nKota Kinabalu City Hall (DBKK)\n will seek the counsel of the \nMalaysian Green Building Confederation (MGBC)\n to set up necessary policies and guidelines\u00a0to facilitate this. Soon,\u00a0all buildings, both residential and non-residential, will have to comply.\n\n\nThe KK government owes\u00a0their inspiration to\u00a0Singapore.\u00a0There, OTTV submission\u00a0has been\u00a0compulsory for all non-residential buildings, and roof insulation, for all buildings, for more than 10 years. Their compliance comes as no surprise, as\u00a0on the\u00a0global front, OTTV submission\u00a0has long been an effective metric to measure and curb carbon footprints.\n\n\nMoving forward\n\n\n\u00a0\n\n\nThe announcement could not have come at a better time.\u00a0However small, Malaysia\u2019s efforts in developing sustainability in present policies\u00a0are evident. \nThe\u00a0Green Building Index (GBI)\n meanwhile has been educating developers and contractors on eco-friendliness since 2008. And the year of 2015 saw Bursa Malaysia mandating reports of environmental, social and governance (ESG) from all listed companies.\n\n\nSo it isn\u2019t too much to say that we foresee Malaysia walking \nalongside Sweden\n one day in the green arena.\u00a0Perhaps the appreciation for Nature\u00a0would become so strong among Malaysians that our future generations could comprehend\u00a0eco-friendly building requirements as early as in school. For now it is all a dream, but now that\u00a0the intention is set,\u00a0it\u2019s much easier to get there. And get there, we will.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\narchitecture\nEast Malaysia\neco-friendly\ngreen\nKota Kinabalu\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBumbung For Agents new app\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMaking your home more \"hygge\"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/07/making-your-home-more-hygge/", "title": "Making your home more \u201chygge\u201d", "body": "\n\n\n\n\n\nEach time we think we have mastered a lifestyle trend, another one comes along.\u00a0Marie Kondo\u2019s decluttering theory probably has to scoot over to make room for\u00a0hygge, the latest lifestyle\u00a0craze. Hygge is so\u00a0\nen vogue\n\u00a0that there are more than\u00a01.6 million #hygge posts on Instagram and it was shortlisted for the 2016\u00a0Oxford Dictionary \nWord of the Year\n.\n\n\nHygge (pronounced as hoo-gah)\u00a0\u2014\u00a0a Danish word\u00a0\u2014\u00a0is\u00a0basically a characteristic of Danish culture that is associated to indulgence, relaxation and gratitude.\u00a0Deriving from a 16th century Norwegian term,\u00a0\nhugga\n\u00a0that\u00a0means \u2018to comfort\u2019 or \u2018to console\u2019. It is related to the English word \u2018hug\u2019 as well.\u00a0In the\u00a0\nOxford Dictionary\n,\u00a0the\u00a0word\u00a0hygge has been defined as a quality of cosiness and comfortable conviviality that kindles a feeling of contentment or well-being.\n\n\nHygge is\u00a0described\u00a0by \nThe\n\u00a0\nNew York Times\n\u00a0as \u201ca national manifesto, nay, an obsession expressed in the constant pursuit of homespun pleasures involving candlelight, fires, fuzzy knitted socks, porridge, coffee, cake, and other people.\u201d\n\n\nSome refer to hygge as an art of creating intimacy either with yourself, friends and your home.\u00a0The latter is especially true for the Danes since they spend a lot of time in their homes due to the country\u2019s weather, and the interior design aspect of a home has become a branch of hygge although the lifestyle is anti-materialistic.\n\n\nGiven that Denmark frequently tops lists of the happiest countries in the world in\u00a0surveys conducted by the United Nations\u00a0\u2014\u00a0consistently beating Sweden and Norway\u00a0\u2014 there must be some truth to practising hygge.\n\n\nThe Scandinavian lifestyle\u00a0trend has taken the UK by storm and there are signs that it is going to do the same to\u00a0the US.\u00a0\nThe New Yorker\n\u00a0\nreports that at least six new books on the subject of\u00a0hygge\u00a0were published in the US alone last year,\u00a0with more to come in 2017.\n\n\nIt\u2019s no surprise that this relaxed and soothing concept would soon rise in popularity around the globe during these high stress and high\u00a0anxiety times. Based on the report about families in the UK by\u00a0market research company Mintel shows that 57% of parents agree that families are not as close as they used to be because busy lifestyles have taken a toll on family time.\n\n\n\u201cThe UK\u2019s adoption of the Danish concept of hygge poses opportunities for brands to help stressed-out Brits relax and bring busy families back together,\u201d says Jack Duckett,\u00a0Mintel\u2019s\u00a0Senior Consumer Lifestyles Analyst.\n\n\nWhile\u00a0hygge is more of a lifestyle than a product,\u00a0but it hasn\u2019t stopped\u00a0major retailers from\u00a0using the buzzword as a mean to make a buck. Recently,\u00a0Swedish furniture giant IKEA\u00a0compiled a list of things people can do to get the\u00a0hygge feeling at home.\n\n\nWe agree that hygge is more of a lifestyle\u00a0but a cosy house is still a home that exudes some form of\u00a0warmth.\u00a0Here\u2019s our list of five\u00a0things that will make your home feel more homey:\n\n\nSCENTED\u00a0CANDLES\n\n\n\n\nCreate a sensual surrounding in\u00a0your\u00a0home with\u00a0this beautifully designed limited edition\u00a0\nRosa Mundi scented candle\n\u00a0by\u00a0\nDiptyque\n.\u00a0The exclusive floral motif expresses the duality of the two roses\u00a0\u2014\u00a0Damascena, the Damask rose, and Centifolia, the May rose\u00a0\u2014\u00a0used in this scented candle. It has fruity and fresh notes like\u00a0currant, bergamot,\u00a0lychee and\u00a0geranium. RM175 for 70g and RM295 for 190g, \nKENS Apothecary\n.\n\n\nFURRY THROWS/BLANKETS\n\n\nNothing spells cosy more than furry blanket you can wrap yourself with. Or even better, if you can cuddle up with a loved one. This\u00a0throw comes in only white but its neutral colour will go very well with any other coloured furniture in your home. RM139, \nIKEA\n.\n\n\nESSENTIAL OILS\n\n\nCreate the perfect surrounding with lavender scents that will keep you\u00a0calm and relax anytime during the day. While it can be used for\u00a0aromatherapy, it can even\u00a0be used\u00a0moisturise any irritation and roughness on the skin. The benefit are abundant, from relieving\u00a0insomnia and many forms of headaches to\u00a0repelling\u00a0insects.\u00a0RM62, \nSephora Malaysia\n.\n\n\nPATTERNED CARPETS\n\n\nPerhaps furry and fluff is too much for some people. How about a patterned carpet to go along with other colourful and patterned furnitures? It will definitely add a touch of hygge in your home too. This could be ideally placed in the living room or under the dining table with its\u00a0flat-woven surface.\u00a0RM399, \nIKEA\n.\n\n\nKNITTED CUSHION COVERS\n\n\nInstead of furry stuff, all things knitted also have a warm-cosy effect for your home. This simple and beautiful cushion cover that just radiates a balmy\u00a0feeling although it\u2019s in a shade of dark blue.\u00a0It also comes in two other colours \u2014 grey and beige.\u00a0RM89.90, \nH&M\n.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nDecors\nHome\nHome and living\nHome improvement\nHygge\ninspiration\nInterior\nInterior design\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nKota Kinabalu goes green with new eco-friendly building requirements\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nAlert! Protect yourself from fraud cases involving illegal real estate agents\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/10/fraud-cases-illegal-real-estate-agents/", "title": "Alert! Protect yourself from fraud cases involving illegal real estate agents", "body": "\n\nHomebuyers and sellers should be wary when enlisting the services of illegal real estate agents and negotiators. Last year,\u00a0105 fraud cases related to illegal real estate agents were reported.\n\n\nCompared to the 180 reported cases in 2015, it has decrease but it still causes problems for BOVEA\u00a0and the government. These numbers\u00a0were announced at the \nMalaysia\u2019s Annual Real Estate Convention 2017\n (MAREC) last week.\n\n\n\u201cThe greatest challenge faced by the board is when members of the public use the services of the illegal real estate agents. Even though we have repeatedly advised against it.\n\n\n\u201cThis has also resulted in the government losing out on revenues as these illegal agents do not pay taxes,\u2019\u2019\u00a0said Deputy Finance Minister Datuk Lee Chee Leong.\n\n\nLee\u00a0warns the public that\u00a0very little could be done to help those who have been cheated by unregistered real estate agents and negotiators.\n\n\nHowever, if they suspect they are dealing with an illegal broker, they can make a police report. They can also inform\u00a0the\u00a0\nBoard of Valuers, Appraisers and Estate Agents Malaysia\n (BOVEA) on top of that. These illegal real estate agents can face quite severe penalties if found guilty after investigations. They have to pay a RM300,000 fine or/and serve 3 years jail term.\n\n\nAlthough there were laws to bring the illegal agents to book, it\u2019s not effective. The\u00a0\nMalaysian Institute of Estate Agents\n\u00a0(MIEA) immediate past-president Siva Shanker said\u00a0enforcement is lacking.\n\n\n\u201cIf the enforcement starts and you make an example of a few of them, the rest will disappear or will try to get themselves registered,\u2019\u2019 added Siva.\n\n\nHow to identify\u00a0illegal real estate agents?\n\n\nThere are 22,000 active registered real estate negotiators (REN) in the market, according to MIEA president Erick Kho.\n\n\nThere are ways to identify a\u00a0registered real estate agent (REA) and REN. A REA\u00a0will carry a four-digit REA number, while a REN will have a five-digit REN number. That is the first step in spotting\u00a0the slightest irregularity.\n\n\nThen, they can\u00a0use the BOVAEA website to verify the agent\u2019s status before entering into any transactions to protect themselves. Or, alternatively homebuyers can head over to Bumbung where all the agents there have been verified.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nMarket News\n \n\n\n\n\nTagged\n\n\nagent\nbuying\nNew home\nNews\nproperty\nreal estate\nrenting\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMaking your home more \"hygge\"\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to keep fit during your move into a new home\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/10/how-to-keep-fit-during-your-move-into-a-new-home/", "title": "How to keep fit during your move into a new home", "body": "\n\nMoving into a new home can be extremely exhausting. Many people feel stressed out because they experience a perceived shortage of time for themselves. So whether\u00a0you\u2019re a fitness enthusiast or just a regular\u00a0Joe, it\u2019s important that you take care of yourself during this transition. Below are thus quick tips on how to keep fit during your move.\u00a0\n\n\nEat as healthily as possible.\n\n\nNow is not the time to indulge in those cheeseburgers or chips. You need to use a lot of mental and physical energy to ensure your life is eased into the new house\u00a0and nothing gets lost. There will be times when you need to even carry those heavy boxes yourself when your movers are busy handling your furnitures. So supply yourself with cleaner energy by increasing your\u00a0vegetable, fibre and water intake.\n\n\nFind time to do mini workouts.\n\n\nIt might be impossible to schedule hour-long gym sessions, but who says you can\u2019t keep your routine? The trick steal in some exercise in between moving tasks. Spending ten\u00a0to fifteen minutes on yoga, weight-lifting or brisk walking can do wonders for the mind and body. Just be sure that your previous task is completed\u00a0before you disconnect and work a sweat.\n\n\nKeep your organisations simple.\n\n\nIt\u2019s important to organise your possessions well, but it\u2019s even more crucial to keep the process as simple as you possibly can. Plan\u00a0your boxing categories in advance (e.g. by colour, by item type, by are of storage), so that when you know where everything goes, there\u2019s more time to plan your fitness moments during your move.\n\n\n\n\nSchedule your\u00a0phone calls and emails.\n\n\nA fit body starts\u00a0with a fit\u00a0mind.\u00a0Curb stress by planning\u00a0out your emails in advance. Whenever possible, divert unimportant phone calls. The most important thing to do during this transitional period is to stay focused on the things you have to do and your feelings are you execute them.\n\n\nHave an exercise buddy.\n\n\nWhether a partner, your children or a friend, it\u2019s always good to take a break and work out with company. The conviviality of it takes your mind off things.\u00a0You can also use this personal moment as an opportunity to let them know how you feel during this transition, and how they can help. Nothing, after all, is as hard as you make it!\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nfitness\nMoving\nNew home\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nAlert! Protect yourself from fraud cases involving illegal real estate agents\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhy buying a second-hand home is a good idea\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/11/buying-a-second-hand-home-good-idea/", "title": "Why buying a second-hand home is a good idea", "body": "\n\nAccording to reports, the Malaysian real estate market is currently stagnant, with volumes falling and property values crashing here and there. It is thus best for\u00a0home buyers, particularly first-timers, to consider second-hand homes.\nAt least that\u2019s what Dr. Rahah Ismail of the Ministry of Finance contended\u00a0the recent\u00a0Malaysian Property Summit. In a presentation, she mentioned that the secondary market is currently responsible for 82 percent of purchase transactions this year. Out of this percentage, about 69.6 percent refers to purchases of properties under RM300,000.\n\n\nSo there has never been a lack of interest in home-buying; it\u2019s all a matter of pricing.\u00a0In other words: \u201cbrand new\u201d doesn\u2019t seem appealing anymore, what with unchangingly high price tags. The strong evident in second-hand purchases\u00a0should thus console new home buyers.\n\n\nThe lacklustre of Malaysia\u2019s real estate also owes itself to\u00a0the fact that many loan applications are rejected, no doubt due to an overall hike in pricing. According to Dr. Ismail, the approval rate had dropped from 50.3 percent to 41.8 percent between 2015 and 2016 alone.\n\n\nNow what?\n\n\n\n\nAmidst all this information, what can potential home buyers do for themselves? First, they would have to actually know what their desires, expectations and budget are when choosing\u00a0a home. Such surety dictates the type of property they would eventually get, which then narrows the choice of locations and available to them.\n\n\nFrom here on, it\u2019s apparent that having a good agent will definitely make a difference to the process. If\u00a0reading this, you feel convinced to navigate through the secondary market, you can send in a request on Bumbung\u00a0and take it from there!\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nbuying\nKuala Lumpur\nMarket news\nProperties\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to keep fit during your move into a new home\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n6 mistakes to avoid when house hunting\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/13/6-mistakes-to-avoid-when-house-hunting/", "title": "6 mistakes to avoid when house hunting", "body": "\n\nHouse hunting is a serious affair, as it requires time, energy and money for everyone involved. No seller or agent want their time wasted, and we are pretty sure you feel the same about your time, too. It is thus imperative that you plan your home-buying process\u00a0well! To ensure that you are on track, check for mistakes\u00a0to avoid when house hunting\u00a0in the following check list.\n\n\n\n\n1. Planning visits\u00a0on your own.\n\n\nFor the purpose of safety, it\u2019s always best to go with your agent. Secondly, you save a lot of time leaving the criteria-based search for potential properties to your agent (that\u2019s what they are hired for). Also, going alone might take away credibility. Sellers might have the impression that you\u2019re unrepresented,\u00a0making it easier for them to leverage\n\n\n2. Cramping multiple visits in short durations.\n\n\nIt\u2019s important to take time with finding your dream home. Don\u2019t try to cram multiple sessions in one day. Home buying is a major investment; you would not want to rush this process!\u00a0A thorough search ensures that you can take time finding a house that feels like home. Nothing like an impulse purchase to risk later regret, which shouldn\u2019t be the case.\n\n\n3.\u00a0Traveling separately.\n\n\nAlways ensure that you and your agent are on the go together. If you drive, schedule a meet and then carpool for a house visit. This method not only saves petrol and money, you also save time by ensuring no one gets lost. When you stick to the schedule and minimise damage along the way, you get to spend more time to inspect the house and discuss feedbacks\u00a0with your agent.\n\n\n4. Wearing difficult footwear.\n\n\nBeing in Malaysia, you would be required to remove your shoes before entering a home, especially if the seller is still living there. While we wouldn\u2019t advise you to wear flip flops for formality\u2019s sake, it\u2019s best to wear easy slip-ons instead of laced up, complicated shoes. Many well-prepared homes will have new carpet, and often the listing agent will have posted a \u201cplease remove shoes\u201d sign to help keep the flooring clean.\n\n\n5. Forgetting to check the details.\n\n\nIf a house gives you a good impression, you should always remind yourself to open every door and check every cabinet drawer there is. You would not want to miss storage areas by thinking it\u2019s impolite to do so. This is not about being nosy; it\u2019s about gathering sufficient information for an important decision-making.\n\n\n6.\u00a0Keeping up the small talks.\n\n\nWhatever feedbacks you would have, positive or negative, it\u2019s really best to keep it to yourself. Keep all communications about the house\u00a0between you and your agent only. The privacy ensures maximum buying power on your part and allows you to freely explore your thoughts on the house without bias.\u00a0And always be honest with your agent about\u00a0your observations.\u00a0If you like something, express it.\u00a0If\u00a0you\u00a0find something you dislike, don\u2019t hesitate to bring it up. If you keep things to yourself, you would risk seeing the same property options, which will waste everybody\u2019s time.\n\n\nWant\u00a0a new home but don\u2019t know where to start? Visit Bumbung\u00a0now to secure you the best house hunting experience! This post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nAgents\nbuying\nHouse hunting\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhy buying a second-hand home is a good idea\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe best KL neighbourhoods for modern families\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/14/best-kl-neighbourhoods-for-modern-families/", "title": "The best KL neighbourhoods for modern families", "body": "\n\nFamilies today consider work and school to be the\u00a0most crucial factors influencing their home location. It used to be impossible for the average Malaysian family to stay in KL. But given\u00a0the rise of adaptation efforts and increased expansions, raising a family in the city is now possible. The key is to choose a well-connected settlement that minimises our daily loss of time. Here we list down some of the best KL neighbourhoods fitting for modern families to live in.\n\n\nKelana Jaya\n\n\n\n\nEver the epicentre of 80s cool,\u00a0\nKelana Jaya\n is a great location to settle in if you have a big family. Landed properties come spacious while recreational facilities are aplenty.\u00a0This suburban area\u00a0connects to other districts surrounding the\u00a0city centre\u00a0via Damansara-Puchong Highway (LDP), Federal Highway and\u00a0\nKelana Jaya LRT Station\n.\n\n\nTaman Tun Dr. Ismail (TTDI)\n\n\n\n\nInformally referred to as \u201cTaman Tun\u201d, \nTTDI\n was named after Tun Dr. Ismail Abdul Rahman, a former Malaysian minister and United Nations (UN) representative. So naturally, the entire neighbourhood exudes a quiet sense of intellectual opulence. Aesthetically, the are many\u00a0terrace houses around,\u00a0but the recent years have seen the arrival of low-rise apartments throughout the area. Key landmarks in TTDI include the family-friendly \nLembah Kiara Park\n and \nan upcoming MRT Station\n.\n\n\nBandar Utama\n\n\n\n\nNot a fan of TTDI\u2019s old-school\u00a0qualities? Then consider the more modern upkeeps of its next-door neighbour, \nBandar Utama\n. Broken down into different sections (BU1, BU2, and so on), the neighbourhood is a treasure trove of\u00a0terrace houses\u00a0and high-rise condominiums.\u00a0There are three community malls and eight schools in Bandar Utama alone, proving\u00a0its status as a childhood-friendly\u00a0place to live and grow up in.\n\n\nMont Kiara\n\n\nIf you\u2019re working a strict career path in KL and have school-aged kids at the same time,\u00a0then a central location such as \nMont Kiara\n is best. Being a hub for expatriate families, the neighbourhood\u00a0has a multicultural community that cultivates a global mentality particularly in young inhabitants. There are many perks to this chic township, \nas you may have already known\n!\n\n\nBangsar\n\n\n\n\nThis district\u2019s bohemian outlook makes it one of the best KL neighbourhoods for modern families. A\u00a0rubber plantation set in early 20th century, \nBangsar\n\u00a0gradually transformed into a residential neighbourhood in 1969. Today, the area\u00a0still ranks high on the list of admirable postcodes. Not only are properties\u00a0surrounded by lush, serene nature, \nthere also many unique activities to partake in \nhere.\n\n\nBangsar South\n\n\nIts name may derive from its adjacency to Bangsar, but\u00a0\nBangsar South\n is the antithesis of nostalgia. In fact, its buildings are so modern and reflective, the entire city looks almost futuristic. Besides its belts of high-rise, well-secured condominiums, Bangsar South is also connected to surrounding areas via the Kerinchi LRT Station. While this district is not an option for those preferring landed homes, it most certainly serves small families who are\u00a0constantly on the go.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nCity living\nKuala Lumpur\nModern\nneighbourhoods\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n6 mistakes to avoid when house hunting\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nUEM Sunrise to redevelop the MCOBA\u2019s 2.65-acre land\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/22/uem-sunrise-redevelop-mcoba-land/", "title": "UEM Sunrise to redevelop the MCOBA\u2019s 2.65-acre land", "body": "\n\n\n\nUEM Sunrise Bhd, through Sunrise Innovation Sdn Bhd (SISB) to undertake a mixed development project on Malay College Old Boys Association\u2019s (MCOBA). It is located along Jalan Syed Putra in Seputeh, Kuala Lumpur.\u00a0The total initial estimated Gross Development Value (GDV) for the project is in excess of RM750 million.\n\n\nSISB will be redeveloping the 2.65-acre land where the existing \nMCOBA\n Building is located. The \ngroup\n\u2018s subsidiary\u00a0will build\u00a0a new office building and a banquet hall with a capacity for 1,200 people. Furthermore, SISB will also develop two blocks of service apartments together with other supporting facilities on the land.\n\n\nThe service apartments offer\u00a0unit sizes ranging from 1,100 sqft to 1,500 sqft, which target\u00a0mostly owner occupiers. In addition, the demographic of these occupiers are mostly families and upgraders from the surrounding areas.\n\n\n\n\nAnwar Syahrin Abdul Ajib, managing director and CEO of UEM Sunrise says the project will help expand UEM Sunrise\u2019s existing property portfolio in the Central Region. It is also an opportunity for the company to leverage on the next property market upcycle.\n\n\n\u201cMCOBA land\u2019s strategic location would appeal to city dwellers due to its proximity to amenities and commercial hubs such as Mid Valley City and KL Sentral. Being centrally located with easy access to surrounding hotspots, the development will become a new land mark for the locality.\u201d\u00a0he adds.\n\n\nMCOBA President YM Tunku Dato\u2019 Ahmad Burhanuddin Tunku Dato\u2019 Seri Adnan says this collaboration that would unlock the value of our asset and generate sustainable income for MCOBA.\n\n\n\u201cThis development is for our future, as we continue our tradition and commitment to be part of the stakeholder support system to produce Malaysia\u2019s leaders and captains of industries.\u201d\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nBuildings\nKL\nKuala Lumpur\nNews\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe best KL neighbourhoods for modern families\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nTop 3 must have home gadgets\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/24/top-3-must-home-gadgets/", "title": "Top 3 must have home gadgets", "body": "\n\nIn the near future\u00a0we will be able to control most things in our house from our phones.\u00a0With the internet gradually making its way into everything, all the appliances in our homes will also\u00a0be upgraded soon. From things such as\u00a0lights, doors, windows, speakers, clocks, cooking utensils, you name it!\n\n\nIt sounds like scenes from\u00a0science-fiction movies but it\u2019s not; it is the Internet of Things (IoT). IoT is the key component of home automation and smart homes.\n\n\nThere are a lot of smart home gadgets on the market but some can be a little\u00a0pointless. So,\u00a0we have cherrypicked some of the latest and\u00a0very interesting gadgets for your home.\n\n\nSAMSUNG\u2019S THE FRAME\n\n\n\n\nSamsung recently announced its \nnew lifestyle tv\n, that is made with wooden borders that camouflages as a photo frame \u2014 more homely feel. When you are done watching tv, The Frame can display over 100 different art pieces\u00a0in 10 different categories when it is in \u2018Art Mode\u2019. Oh! good news, the wooden borders are\u00a0interchangeable with other designs to match a wide range of homeowners\u2019 decor taste. The Frame will be available for purchase soon.\n\n\nLOGITECH HARMONY ELITE\n\n\n\n\nThe \nultimate universal remote control\n is now just within your grasp.\u00a0Did we mentioned that it\u2019s the most advanced remote control you can buy without a custom installation?\u00a0It\u2019s extensively programmable \u2014 can control both home entertainment and\u00a0smart home\u00a0devices.\u00a0It\u00a0connects with the included Harmony Home Hub to control other Bluetooth, Wi-Fi, ZigBee, Z-Wave, or infrared devices in your house. However, it comes with a hefty price tag of\u00a0US$349.99 for the whole package, \nAmazon\n.\n\n\nIROBOT BRAAVA JET 240\n\n\n\n\nLet\u2019s face it, nobody likes cleaning, so let someone or \u2018something\u2019 else do it for you when you go to work. As much as we have a variety vacuuming robots, it still doesn\u2019t quite get the job done 100%. This \nsmart bot\n here has multiple cleaning modes\u00a0including wet mopping, damp sweeping, and dry sweeping. It\u2019s square shape and compact size allows it to clean very effectively at\u00a0hard-to-reach places. Not only does it know how to avoid stairs, it can also avoid riding up on rugs. Priced at US$199.99.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome\nHome and living\nHome improvement\nsmart home\nTech\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nUEM Sunrise to redevelop the MCOBA\u2019s 2.65-acre land\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBentukBentuk : Malaysian trendy handmade concrete d\u00e9cor for your home\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/28/bentukbentuk-handmade-concrete-decor/", "title": "BentukBentuk : Malaysian trendy handmade concrete d\u00e9cor for your home", "body": "\n\nWhy go a distance to get beautiful artisanal home decors when we have such talented makers back home?\u00a0BentukBentuk is a \nhandmade concrete home d\u00e9cor brand\n that specialises in artisanal geometrical concrete home d\u00e9cor such as pot planters,\u00a0coasters, soap dishes,\u00a0tea-light\u00a0candle holders and more.\n\n\n\n\n \n\n\nAdesh Zaini,\u00a0founder of\u00a0BentukBentuk is an IT analyst by day but\u00a0she spends most of her free time during the weekends or at night tapping into her artistic side.\n\n\nWhen Adesh made her first cement planter for herself, she\u00a0says it didn\u2019t look as polished as it does today. However, she received really good unexpected responses. She told\u00a0\nRoof Talks\n\u00a0that was\u00a0sort of what encouraged the birth of BentukBentuk.\n\n\n\u201cI posted a picture of it on my personal Instagram and my friends went crazy about it and they asked me to make a few for them\u201d.\n\n\nFrom that moment onwards, Adesh ventured into it with her husband Shahfiq Manap. The duo experiment and tweak the recipe to perfection for a few months, before beginning BentukBentuk in April 2016.\n\n\n\u00a0\n\n\nThe general perception of how it is made : mixing a certain ratio of cement with water.\n\n\nActual methods :\n\n\nThe first step being the mixing process of the right ratio of water, cement, sand and hardener. Then it is casted into a mould for at least 24 hours for its shape to form. After that, each piece is taken out from the mould to undergo the curing process.\n\n\nThe curing process involves submerging the concrete in water for 24 to 48 hours to give it more durability. Once it is out of the water, it is air dried in room temperature. Then each piece is sanded down for a smooth exterior before waterproof sealers are applied.\n\n\n\n\n\n\nUnlike their refined and smooth concrete products, the early stage of their business was not. Back then, there were not many local suppliers that sell the things and ingredients they needed. For example, Malaysia do not have coloured cement, so items such as the colour pigment powder\u00a0had to be sourced overseas.\n\n\n\u201cWhen we tried to follow the DIY blog\u2019s recipe, they used for example chemical xyz, and we couldn\u2019t find here at all. So it was really a bit frustrating at first but we managed to find other alternative ways to do it,\u201d she says.\n\n\nLast year, BentukBentuk launched eight designs\u00a0\u2014 conventional and contemporary. Having higher demands for their contemporary designs, they plan to focus more on those kind of designs this year, launching\u00a0every four months.\n\n\nThe four new designs this year includes:\n\n\nFaceted geo dish\n\n\n\n\n\n\nPointy pot\n\n\n\n\nTrisquare\n\n\n\n\nMr Tall\n\n\n\n\n\n\nBentukBentuk\u2019s products may seem very gardening-centric but Adesh says they are planning on\u00a0expanding the range of concrete products. Do expect new products such as\u00a0lighting features, side tables and other mini\u00a0furniture.\n\n\n\u201cOn top of the home furniture and d\u00e9cor, we plan to venture into concrete jewellery as well,\u201d she says excitingly.\u00a0It does not stop there. The duo\u2019s future plans for the year includes looking into organising DIY workshops for concrete pot-making.\n\n\nMost of their customers\u00a0are people who likes arts and design, and really cares what they put in their homes. Adesh shares that they also receive a number of customers who are interior designers.\n\n\nBentukBentuk\u2019s products can be bought at several places. \nISETAN The Japan Store\n in Lot 10,\u00a0\nOhsummosum\n HQ Bangsar,\u00a0\nEntrep\u00f4t\n in Publika and\u00a0Sunway Velocity,\u00a0and\u00a0\nKONCENT Malaysia\n.\u00a0Alternatively, their products are also available online through \nEsty\n and their social media \npage\n.\n\n\nStand a chance to win a BentukBentuk product! A\u00a0contest is currently running on Bumbung\u2019s Facebook page, \nclick here\n to join.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nDecors\nDesign\nHome and living\nHome improvement\ninspiration\nInterior\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nTop 3 must have home gadgets\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n3 interesting caf\u00e9s in KL to get your caffeine fix\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/03/30/3-cafes-in-kl-for-coffee/", "title": "3 interesting caf\u00e9s in KL to get your caffeine fix", "body": "\n\nOver the past few years, the cafe scene in Kuala Lumpur has grown exponentially \u2014 coffee joints have been sprouting like crazy. Spoilt for choice, we have narrowed it down these three best caf\u00e9s in KL that you must at least go once in your life.\n\n\nWe picked these three based on overall ambience and speciality coffee beans.\n\n\nX Coffee The Japan Store\n\n\n\n\n\n\n\n\nIf you are looking for a minimalistic caf\u00e9, look no further than \nX Coffee The Japan Store\n. The multi-roaster coffee bar\u2019s original outlet is in Q Sentral but has an outpost in Isetan The Japan Store. They specialises in beans from cult Japanese roasters \u2014 Maruyama, Fuglen and Nozy. Do expect prices to be a wee bit pricier because of that, but be rest assured that it is high quality brewed coffee.\n\n\nThe space itself is very well designed, it has mood lighting to accentuate the overall area\u00a0and wooden\u00a0seating pods to add some cosiness. As it is located right next to the bookstore, it has a very quiet and soothing ambiance. Coffee and books are always a good match.\n\n\nMerchant\u2019s Lane \u7f8e\u771f\u6797\n\n\n\n\n\n\nBlending into its natural habitat, this caf\u00e9\u00a0embraces its location\u00a0very old school charm. It has textured walls, natural greenery,\u00a0wooden traditional furnishings and a mash-up of colourful ornamentation. The building was a brothel once upon a time before it was abandoned, but look how good this place has cleaned up.\n\n\nThis \nhidden gem caf\u00e9\n\u00a0is the perfect relaxation spot to be\u00a0sipping on an iced latte on\u00a0a balmy Sunday afternoon. Did we mentioned that the outdoor area with its beautiful natural lighting is purely Instagram-worthy?\n\n\nPULP by Papa Palheta\n\n\n\n\nHave you been to\u00a0this popular cafe located within a historic printing plant in Bangsar? If you haven\u2019t, you are missing out! It is helmed by\u00a0Singaporean coffee boutique \nPapa Palheta\n who also runs Chye Seng Huat Hardware and Loysel\u2019s Toy caf\u00e9s.\u00a0Actually it is more of a coffee supplier and retailer than a caf\u00e9. However, they do have stellar coffee and desserts, which encourages people\u00a0to linger.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\ncafes\nCity living\ncoffee\nKuala Lumpur\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBentukBentuk : Malaysian trendy handmade concrete d\u00e9cor for your home\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nProperty Photography 101 : Camera equipments\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/04/property-photography-camera-equipments/", "title": "Property Photography 101 : Camera equipments", "body": "\n\nIn the modern world as we know it, photography has never been more important to selling real estate. In fact, good photographs can make all the difference when it comes to the time spent trying to sell a property. Like wise men say, a picture speaks a thousand words.\n\n\nSo let\u2019s\u00a0start taking good\u00a0photos that will sell homes and commercial lots! First things first, for property photography you need the right camera equipments. We won\u2019t get too technical but only point out the general guideline to choosing the right equipments.\n\n\nAvoid using fisheye or other tricks\n\n\n\n\nYes, we know that there is a trend right now in real estate photography to shoot properties with poor quality fisheye lenses. Not only does the photos\u00a0look ridiculous and ugly, it\u2019s also deceiving\u00a0the potential buyer. Why? Because making a space look larger than it is by using a lense that distorts the area is not going to increase a buyer\u2019s interest.\n\n\nYou will be over-promising them and\u00a0they are going to arrive to the viewing with high expectations. Best to use honest photos of the space.\n\n\nInvest in a wide angle camera lens to emphasise space and create a sense of depth\n\n\n\n\n\n\nDoesn\u2019t mean you can\u2019t make a space look bigger without using fisheye lens, a wide angle camera lense can capture the full essence of a space. It allows for a wider shot which gives a true sense of both depth and detail.\n\n\nOn a side note,\u00a0\nHDR photography\n is highly recommended as it\u00a0allows you to stand out from the crowd. HDR takes several exposures of the same photo and combines them giving you professional photographs that look rich and full of dynamic shades.\n\n\n\n\nForget Megapixels and Buy a Full Frame Camera\n\n\nAt the end of the day, it\u2019s about the sensor size and\u00a0not megapixels. It is the most important criteria to consider when purchasing a new digital camera. Larger sensors mean better image quality, better low light performance, but more importantly, a wider field of view that allows you to capture more of the room in your picture.\n\n\nUse a Tripod\n\n\n\n\n\n\nMost homes look much more appealing when shot in natural light. However, if you don\u2019t have professional flash equipment or a very steady hand, photographs taken without a tripod will look dark and blurry.\u00a0Tripods will\u00a0allow you to shoot at slower shutter speeds to take advantage of natural light while still keeping images sharp.\n\n\nThis post is brought to you by Bumbung.\n\n\nGet genuine leads now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nagent\nAgents\nphotography\nproperty\nrenting\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n3 interesting caf\u00e9s in KL to get your caffeine fix\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nTo buy or rent a property?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/07/buy-rent-property/", "title": "To buy or rent a property?", "body": "\n\nThere has been a lot of talk in the industry whether people should buy or rent a property now.\n\n\nThe Malay Mail Online\n\u00a0reported\u00a0Finance Minister II Datuk Seri Johari Abdul Ghani recently\u00a0said during\u00a0a dialogue session for the Transformasi Nasional (TN50) vision, that\u00a0Malaysians should change their mindset when it comes to buying properties at a young age (especially those who just started working with their first job). Most of the time, it results to a huge long-term debt.\n\n\n\u201cIt is our culture \u2014 we don\u2019t believe in renting. We have to change our mindset. When you go to the UK \u2014 they just rent until they have the money to make a long term commitment,\u201d Johari said.\n\n\nEven\u00a0chartered surveyor Ernest Cheong said during an interview with \nFree Malaysia Today\n\u00a0that renting might now be a better and\u00a0more viable option. Why? The given\u00a0high prices of properties on top of the rising cost of living, is not a good equation.\n\n\nHowever, in another interview with\u00a0Henry Butcher Malaysia director Lim Eng Chong, there was a different opinion to this \ntopic\n. He says that the property market has softened enough with fewer property development launches in 2017 compared to 2016. On top of that, prices are dropping, so he advise\u00a0people to\u00a0start considering to make a purchase.\n\n\n\u201cWhen you buy a property and pay the instalments over 30 years, at the end of it you will have an asset but if you rent you have nothing, and the ringgit you may have saved in the bank from renting instead of buying would have lost much of its value over the years.\u201d said Lim.\n\n\nHe acknowledges that there is an oversupply of properties in the market now but predicts it would stabilise in one or two years.\n\n\nFurthermore, in addition to the new stamp duty fees that will be implemented on 1 January 2018, the Stamp (Amendment) Bill 2016 was introduced and tabled for its first reading in the\u00a0\u00a0Lower House of the Malaysian Parliament (\nDewan Rakyat\n) end of last year.\n\n\nThe \nproposed amendments\n under the Stamp Bill\u00a0to the current Stamp Act 1949\u00a0will see more strict requirements imposed onto home buyers as reported by \nPersonal Wealth,\u00a0The Edge Malaysia\n. One of it being, having to pay ad valorem duty before the sales and purchase agreement is signed.\n\n\nThat itself will increase the barrier of entry for home buyers.\u00a0Under the current Act,\u00a0the duty is paid in the later stages of the property-buying process.\n\n\nVerdict?\n\n\nWe think it depends on each\u00a0individual\u2019s\u00a0prerogative and their own financial capabilities. Whether they should buy or rent a property at this point of time or not. While it may seem to be a good time to do so, a person shouldn\u2019t force themselves into buying a property if they really can\u2019t afford to. What do you think?\n\n\nIf you are really thinking to purchase a property,\u00a0\nread\n\u00a0the pros and cons of buying a second-hand home. If you need more information on the real estate outlook, here\u2019s another \narticle\n.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nMarket News\n \n\n\n\n\nTagged\n\n\nHome\nNew home\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nProperty Photography 101 : Camera equipments\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nCreate your own personal home theatre\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/11/create-personal-home-theatre/", "title": "Create your own personal home theatre", "body": "\n\nMovie buffs are always on the search for the best visual and sensory experience. While the advent of technology has made this possible, no amount of big chairs, beanbags or blanket could provide the same level of comfort when we enjoy a movie at home.\n\n\nAccording to a HOMEDEC poll, 4 out of 10 movie-goers prefer watching films at home over going to the theatre. Even big screen lovers admit that there\u2019s nothing quite as heavenly as kicking back on your sofa and watching all the best shows from the comfort of\u00a0your living room.\n\n\nWe have compiled a list of gadgets and fixtures that will turn your regular home into the best home\u00a0theatre. Best part? All these items are on a promotional price at the upcoming HOMEDEC event happening at the\u00a0end of this month.\n\n\nSharp\u00a0LE380X Series Smart TV\n\n\n\n\nIf you are a voracious movie-goer, investing in the best projector and a decent sound system will ultimately save you a lot of money on cinema tickets. Plus, if you really like the movie, you can watch it again and again.\n\n\nThe Sharp LE380X Series Smart TV is equipped with automatic noise reduction function, which means it autocorrects colour and contrast. It also turns standard dynamic range pictures into HDR. It is designed to enable you to enjoy your movie with greater detail. You can enjoy smoother Full HD visual when watching YouTube videos, browsing for music or going on a weekend Netflix binge.\n\n\nEnjoy RM1,210 savings with HOMEDEC exclusive deal at only RM3,988 for a special package deal of\u00a0\u00a0Sharp 60\u201d TV & Wide Sound Bar (N.P: RM5,198).* Package also comes with 5 years warranty and free TV bracket.\u00a0Available at booth no. 7F248 & 7P271.\n\n\nShiori pleated blind\n\n\n\n\nRecreate the dark and immersive atmosphere of a movie theatre hall by installing these curtain and blind from DTM Curtain Culture. The Shiori pleated blind offers an attractive combination of high fashion and functionality. On top of that, it gives you full control of your lighting needs.\n\n\nWith just one blind, you can adjust between day or night mode to suit your preference. You can also add a day curtain to give an element of mystery and soften the overall look of your private cinema. The curtain\u2019s netting design is ideal for those who enjoy having an outdoor view, yet want to minimize visibility from the outside.\n\n\nEnjoy RM348 savings with HOMEDEC exclusive deal at only RM3,132 for a set of DTM Blind (N.P: RM3,480).*\u00a0Available at booth no. 5K493.\n\n\nEtano Line Blue lights\n\n\n\n\nChoosing the right lighting can drastically change the mood of a room. Pair the Etano Line Blue lights from \nDeng Lighting\n with your pleated blind to create a seamless combination between natural lighting and man-made lighting to transform your room. Striking the right balance can add to the perceived visual space of you room and brings out its colour. It can also provide right ambient for your movie night.\n\n\nEnjoy RM201 savings with HOMEDEC exclusive deal at only RM201 (N.P: RM402).*\u00a0Available at booth no. 4P611.\n\n\nAdditionally, all we got to do is throw in some beanbags and we are set! Grab the popcorn and start binging!\n\n\nThis post is brought to you by Bumbung in collaboration with HOMEDEC.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome\nHome and living\nHome improvement\nHOMEDEC\ninspiration\nInterior\nInterior design\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nTo buy or rent a property?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Tips to reduce your household energy usage\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/14/reduce-household-energy-usage/", "title": "5 Tips to reduce your household energy usage", "body": "\n\nEarth Hour, No Plastic campaign and recycling are amongst other eco-green \nactivities\n that have been increasing in popularity. It shows that the rising awareness of the community towards the environment is on the rise.\n\n\nYou don\u2019t need to be billionaire or \ncelebrity\n to contribute in the protection of the environment. Anyone can and should do their part in helping the environment. Here are \n5 tips\n\u00a0we saw on PropSocial that we think is really good for you to go green at home and start saving money on the electricity bill.\n\n\n1. Electrical Appliances\n\n\n\n\nMost of the electrical appliances in your home have a standby mode, which means they\u2019re still using energy even when they\u2019re not in use. Thus, the best way to prevent this is to unplug all your electrical appliances when they\u2019re not in use.\n\n\nBesides that, choosing the right electrical appliances is just as important. Nowadays there are electrical appliances with the latest technology, which is able to increase the efficiency. In turn, this will reduce the energy usage.\n\n\nFor example, the fridge is one of the most energy-consuming appliances in a home. Therefore, you should choose a fridge that has the best energy star rating as this means it would consume less energy. On top of that, always remember to close the fridge door so that the cold air within can\u2019t escape. Otherwise, it will require more energy to maintain the fridge\u2019s temperature.\n\n\n2. Switch to energy saving LED light bulbs\n\n\n\n\nPer Energy Star, the light emitting diode (LED) consumes 75% less energy and last 25 times longer than traditional light bulbs. Hence, replacing the traditional light bulbs in your home with LED will not only help the environment but it also can save you hundreds of ringgits in the long run.\n\n\nHowever, the best practice to go green is still to switch off the lights when they\u2019re not in use.\n\n\n3. Install solar panels\n\n\n\n\nBeing near the equator, Malaysia can get between 4 to 8 hours of the sunshine per day. Therefore, it is a huge advantage that Malaysian can tap into. Malaysian should make use of all the sunlight by installing solar panels to fully utilise the renewable resource.\n\n\nMoreover, thanks to \nSustainable Energy Development Authority\n\u2018s (SEDA) Feed-In-Tariff (FiT) \nprogramme\n, electricity produced from renewable clean energy resources can be sold back to the utility companies. This means that individuals can install solar panels on rooftops of residential dwellings to produce electricity and sell it back to utility companies such as Tenaga National Berhad.\n\n\nThere are even banks that can provide financing options for individuals who want to install solar panels on their rooftops.\n\n\n4. Remember to service your air-conditioners\n\n\n\n\nIf you don\u2019t service your air-conditioners regularly, the air filters will be full of dust and dirt. Dirty filters can and will restrict airflow, which in turn will require the air conditioner system to run longer to cool the room. This also means higher\u00a0energy usage, hence a more expensive utility bill. Try to schedule monthly servicing to make sure your air-conditioner works efficiently.\n\n\n5. Change the way you do laundry\n\n\n\n\nBy just changing the way you do laundry, you can save a lot of energy. Best to collect a full load of clothes to do your laundry. It is wasteful for the washing machine to operate if it is just to wash few clothes.\n\n\nAdditionally, wash clothes at a lower temperature. With the right detergent, you can do your laundry at a lower temperature and still get them clean. The energy used to heat up the water is quite significant.\n\n\nConclusion\n\n\nYou might think that these tasks are small and won\u2019t affect much. However, when these tasks add up, it can be quite a noticeable savings. The most important part is these tasks don\u2019t require much time or money, all they need is your dedication. Start doing your part today by unplugging the electrical appliances when they are not in use. You can save the earth and reduce your household utility fees at the same time. Cheers!\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\neco-friendly\ngreen\nHome\nHome and living\nHome improvement\nNew home\nproperty\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nCreate your own personal home theatre\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nParamount's first hotel venture\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/17/paramounts-first-hotel-venture/", "title": "Paramount\u2019s first hotel venture", "body": "\n\n\n\nParamount Corporation Berhad recently\u00a0put in place the final piece of its integrated offering at Utropolis Glenmarie, Shah Alam. Mercure Hotel, Paramount\u2019s first hotel venture,\u00a0will\u00a0open its doors at the successful university metropolis township in 2019.\n\n\n\n\nParamount\n and Singapore-listed \nLasseters International Holdings Limited\n established Super Ace Resources Sdn Bhd (SARSB), a joint venture company\u00a0in August 2016.\u00a0SARSB\u00a0signed an agreement with French multinational hotel group AccorHotels earlier this month\u00a0to operate the 230-key hotel. The hotel will be equipped for both business and leisure stays.\u00a0AccorHotels are\u00a0the\u00a0owners of the Mercure brand.\n\n\n\n\n\n\n\n\n\n\nParamount\u2019s\u00a0Group Chief Executive Officer Jeffrey Chew said, \u201cThis deal marks two major milestones for Paramount. The first is the impending completion of our first university metropolis, Utropolis Glenmarie. This integrated development already has residential, commercial and retail components. The hotel management agreement we finalised today will truly bring to life the Utropolis promise. A\u00a0self-contained, energised, urban address to meet the complete needs of its community and those of surrounding areas.\n\n\n\u201cThe second milestone is our entry into hotel development and ownership.It extends our portfolio as a broad-based property development company. We\u2019ve been working very hard to find the right partners. I believe we have found them in both Lasseters and AccorHotels,\u201d added Chew.\n\n\n\n\n\n\n\n\nHe said the hotel would be ideally suited to meet the growing need for a 4-star accommodation in Glenmarie and Shah Alam. It will also act as a catalyst for growth in the area.\n\n\nPaul Wong, Chief Executive Officer of Lasseters commented, \u201cThe partnership with Paramount presents us with an excellent opportunity to expand our hospitality expertise. At the same time, it enables the Group to diversify into a more defined geographical market. It will broaden our revenue streams and deliver long-term value to our shareholders. This is further enhanced by the collaboration with AccorHotels, world-renowned hoteliers with a deep understanding of the needs of the global business and leisure traveller.\u201d\n\n\nAccorHotels representative Kondo added, \u201cMercure Hotel at Utropolis offers an international standard of hospitality and a strong commitment to quality. The locally- inspired brand perfectly complements the urban energy of Utropolis. We look forward to working together to create a new destination for residents and visitors to Glenmarie and the greater Shah Alam area.\u201d\n\n\nThe establishment of Mercure Hotel at Utropolis will be unique opportunity for Paramount\u00a0to have further synergies between its property and education businesses. Why so?\u00a0\nUtropolis\n Glenmarie is anchored by Paramount\u2019s \nKDU University College\n (KDUUC). The proximity of the hotel will provide KDUUC\u2019s renowned School of Hospitality, Tourism and Culinary Arts a real-world training ground.\n\n\n\u201cWe are gearing ourselves to diversify beyond our traditional businesses, while staying true to our cornerstones of quality and value. As a result, we\u2019re upping the ante on innovation, offering more interesting lifestyle themes, and harnessing the synergies our property and education businesses offer. Therefore, this unique differentiator will give our businesses the impetus for growth, underpinning our performance in coming years,\u201d concluded Chew.\n\n\n\n\n\n\n\n\n\n\nThis post is brought to you by Bumbung.\n\n\n\n\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nBuildings\nNews\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Tips to reduce your household energy usage\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nShould property owners appoint real estate agents?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/20/appoint-real-estate-agents/", "title": "Should property owners appoint real estate agents?", "body": "\n\n\u201cShould I appoint an real estate agent to sell or rent out my property?\u201d\n\n\nThis is a question that almost every house owner has probably wondered before. Selling your house on your own is not an easy process. Owners have to look for the buyers themselves, communicate with the buyers and do all the administration paperwork. Renting out the property is not easy as well. The owners will need to screen through potential renters and make sure they pay the rental on time.\n\n\nSome owners prefer to do all the work themselves to save big bucks \u2013 commission that usually goes to the real estate agents as payment. There are also some owners that prefer to appoint agents to do all the dirty work for them.\n\n\nIs the commission paid to the agents worth it? Of course it is but it is up to you to decide whether the benefits of appointing agents outweigh the money you can save. To help you make your decision, here\u2019s a rundown of the pros and cons of appointing an agent.\n\n\nYes, why?\n\n\nKnowledgeable\n\n\n\n\nReal estate agents can be considered the experts in the property market. They know the market and they are familiar with the selling or renting process. An experienced agent can help owners fetch a better price and a higher rental income. Besides that, they can assist owners with the relevant paperwork. It will be disastrous if the contracts were wrong or missing out some paperwork.\n\n\nHandling prospects\n\n\n\n\nReal estate agents are responsible for advertising the property to attract tenants or buyers. Here, agents will help owners to vet through the pool of interested parties for the right buyers and tenants who fit the owners\u2019 requirements.\n\n\nThe agent will then arrange appointments with potential prospects for viewing. The owner does not need to liaise with the prospects at all. Agents will settle time-consuming tasks, from the appointment time to price negotiation and etc.\n\n\nMore exposure for the property\n\n\nHouse owners normally have very limited channels to market their properties but that\u2019s not the case for agents. Others than advertising the property on the property platforms, the agents might have a pool of clients and leads who might be interested in the listed property. This will speed up the property disposal time.\n\n\nNo, why?\n\n\nSave money\n\n\n\n\nThe good thing about selling and renting the property without appointing an agent is the landlord can save a lot. The agents will charge around 1% to 3% commission based on the property selling price. It depends on the agreement between owners and agents. As for rental, one-month rent is charged as commission for every closed deal.\n\n\n1% to 3% may sound small and insignificant but it isn\u2019t. Here\u2019s an illustration: If an apartment is sold at RM550,000. The real estate agent will get from RM5,000 to RM15,000.\n\n\nPossible Better Offer\n\n\n\n\nIf the owners are not in a hurry to dispose of their property, they can wait till the right offer comes along. However for agents, they rather close a deal as soon as possible so that they can get the commission faster. Please note that not every agent is the same, however, there are agents who are desperately in need of fast cash fast that will convince owners to lower their price below market value, just so they are able to sell the property quicker.\n\n\nVerdict?\n\n\nAt the end of the day, it comes down to whether the owners are willing to pay what\u2019s needed to obtain the professional service from a real estate agent. Selling and renting the property on your own might be a cheaper option but it\u2019s not a realistic option for everyone. Some owners just don\u2019t have enough time and energy to handle all the back and forth liaising and paperwork.\n\n\nIf you\u2019re someone who likes to do the work yourself, stay tune. Bumbung will be launching a platform for the house owners to list their property very soon. Subscribe to us for the latest updates!\n\n\nThis post is brought to you by Bumbung.\n\n\nSell or rent out my house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nagent\nAgents\nproperty\nreal estate\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nParamount's first hotel venture\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBumbung launches new marketplace segment for homeowners\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/26/bumbung-marketplace-segment-homeowners/", "title": "Bumbung launches new marketplace segment for homeowners", "body": "\n\nThere are less than a handful of platforms online that homeowners can list their property, whether it is to sell or to rent out. So far in our journey, we have encountered many homeowners asking us if they could list their property on Bumbung because they rather sell or rent it out themselves.\n\n\nToday, we are proud to launch the latest feature on our website that is specifically tailored for homeowners.\n\n\nFast and convenient\n\n\nUpload your house onto our marketplace in less than 5 minutes. Then leave the tedious searching work to us.\n\n\nAlgorithm matching\n\n\nBumbung algorithm sends you exactly the right homebuyers or tenants for the properties you currently have.\n\n\nVerified homebuyers and tenants\n\n\nA dedicated team verifies each homebuyers and tenants to guarantee they are 100% authentic.\n\n\nCheck the latest feature now if you have a property you wish to cash out on or to yield some profits off rental.\n\n\nSell or rent out my house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nInside Bumbung\n \n\n\n\n\nTagged\n\n\nDream house\nHome\nKL\nKuala Lumpur\nproperty\nreal estate\nrenting\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nShould property owners appoint real estate agents?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat to look out for during a house viewing\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/04/28/house-viewing-checklist/", "title": "What to look out for during a house viewing", "body": "\n\nIt doesn\u2019t matter if you\u2019re looking for a condominium facing KLCC, an apartment that is near to your kids\u2019 school or a bungalow at a suburban area, a house is probably one of the most significant investments you will ever make.\n\n\nWe know it\u2019s exciting to finally have your own house. However, the actual process of buying your own house can be very stressful and not exactly hassle-free. It all begins with the house viewings.\n\n\nWhen you have decided to buy your own house, you will begin your search for your dream house in the marketplace. Then you will contact the representative agents to set up viewing appointments.\n\n\nThere are cases where some owners didn\u2019t thorough check during the viewing process; hence sometimes they end up having to spend extra cost on maintenance after moving in.\n\n\nWhat do we mean by doing a thorough check? There are so many aspects that you need to inspect and sometimes you might miss out some things. This is especially true if it is your first time buying a house.\n\n\nAs we know of hassle that you might face during a house viewing, we crafted a \u201cHouse Viewing Checklist\u201d for you to use as a guideline. Bring this checklist with you when you go a house viewing appointment to avoid any \u201csurprises\u201d.\n\n\n\n\nBumbung_Home Viewing Checklist\n\n\nThis post is brought to you by Bumbung. Now that you have what it takes when you go for your next house viewing, start looking your dream home today.\n\n\nFind my dream home now\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nCity living\nliving the city\nproperty\nRenovation\nrenting\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBumbung launches new marketplace segment for homeowners\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nProperty Photography 101 : Composition, angles and lighting\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/03/property-photography-101-composition/", "title": "Property Photography 101 : Composition, angles and lighting", "body": "\n\nThe last time we spoke about property photography, we focused on \nchoosing the right kind of camera equipment\n. This time around, we will be talking about composition, angles and good lighting to capture awesome and\u00a0appealing property photographs.\n\n\n//therooftalks.com/2017/03/29/property-photography-camera-equipment/As we all know a picture is worth a thousand words, and in the property industry, a photograph can make or break your potential deal.\n\n\nEffective compositions\n\n\n\n\nPhoto by Brittany Stiles Design\n \u2013 \nSearch midcentury family room design ideas\n\n\nWalk around the room and identify the best view points. Often these are aiming from one corner of the room into the other, or from a perspective which conveys space or the flow from one room in to another.\n\n\nAlways shoot your photographs in the horizontal or landscape orientation whenever possible. The human eye sees the world in a roughly a 4:3 aspect ratio, though the standard ratio is moving to 16:9. Our brain finds the horizontal/landscape views more pleasing.\n\n\nThe two qualities that home buyers are always looking for are space and natural light. That\u2019s why it is very important to keep space and natural light in mind when composing your photographs. If you don\u2019t have professional equipment or a very steady hand, pictures taken without a tripod in natural light will look dark and blurry. So it\u2019s best to invest in at least\u00a0a tripod, it allows you\u00a0to shoot at slower shutter speeds to take advantage of natural light while still keeping images sharp.\n\n\nKnow the proper angles\n\n\n\n\nPhoto by HA Architecture\n \u2013 \nLook for transitional kitchen pictures\n\n\nThe angle at which you are showcasing the various rooms in a home is extremely essential. Before worrying about angles, the key rule in\u00a0real-estate photography is that\u00a0all your vertical lines should be vertical.\u00a0This is achieved by aiming your camera perfectly horizontal\u00a0\u2014 no slanting the camera one sided.\n\n\nMoving on to angles. When shooting in a kitchen, it is best to\u00a0shoot from chest height (often midway between the floor and ceiling). This is because most of the cupboards run from the floor up to the ceiling and this will showcase\u00a0the top of the work surfaces. As for the living room and bathroom, where most objects like the furnitures are beneath hip height, it makes more sense to shoot from\u00a0just below the hip.\n\n\nLast but not least, always photograph a room from more than one view point. This ensures that you can review your images later and make a more confident decision on which perspective\u00a0works best.\n\n\nSo are you ready enough to dive and improve your\u00a0property photography skills?\n\n\nGive me genuine leads now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nagent\nAgents\nphotography\nproperty\nreal estate\nrenting\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat to look out for during a house viewing\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMust Know Terms of the Tenancy agreement in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/05/tenancy-agreements-need-major-terms/", "title": "Must Know Terms of the Tenancy agreement in Malaysia", "body": "\n\nDue to the uncertainties of property prices in Malaysia, many choose to rent a place instead of buying one. Renting of properties has been made easier for both property owners and potential tenants with the accessibility of property renting websites online like bumbung.co. Gone were the days where one has to physically step into a real estate agency to advertise their properties and to look for properties to rent. With the increasing rental transactions each day, the likelihood of tenancy disputes has also increased. So, here are some useful information that you as a landlord or a tenant should know beforehand.\n\n\nWhy there is a need for Tenancy Agreements\n\n\nCurrently, there is no Tenancy Act in place which governs the legal framework of tenancies in Malaysia. Therefore, the one and only document which governs the relationship between the landlord and the tenant is the tenancy agreement which the terms and clauses can be freely negotiated and customised to suit the individual requirements of both parties. It is a common misconception amongst the public that all tenancy agreements contain standard terms and conditions. However, it is important to note that a tenancy is an agreement for a rental period of less than three years and anything more than that will constitute a lease.\n\n\nAs I have mentioned above which I would like to reiterate, the only binding document in a tenancy is a tenancy agreement which will contain terms and conditions agreed by the landlord and the tenant. It is the only document which protects the rights of the landlords and the tenants. A tenancy agreement falls under the Contracts Act 1950 which assumes that the parties, when signing the tenancy agreement would have entered into the agreement at their own free will on mutually agreed terms.\n\n\nHowever, due to the legal language that is used in the drafting of a tenancy agreement, many would not fully understand what the terms and conditions means and what it entails. Many would have gone ahead with signing the agreement without fully knowing what they have signed up for. To make it easier, below are the major terms to discuss, negotiate, confirm and verify in a tenancy agreement before you sign it.\n\n\nMajor Terms in a Tenancy Agreement\n\n\n\n\n1. Details of landlord and tenant\n\u00a0\n\n\nThe tenant must verify that the landlord is the legal owner of the property by having a sight of either a duly signed and stamped Sales and Purchase Agreement in which the landlord had acquired the property OR a copy of the individual/strata title stating the landlord as the registered owner (if title has been issued).\n\n\nConfirm and check all the details of both the landlord and tenant i.e. full name and NRIC number, name of company and registration number as per SSM registration details (if party is a company) to ensure that it is accurate.\n\n\n2. Details of the property (\u201cDemised Premises\u201d)\n\n\nTo ensure that the address of the property is accurate and to specify the exact portion being rented (if applicable) e.g. ground floor, first floor, front portion, back portion, etc.\n\n\n3. Tenancy period and option to renew\n\n\nThe parties will have to agree on the period of the tenancy e.g. two years which at the end of the tenancy period, the tenancy agreement would be deemed expired.\n\n\nTenancy agreements usually includes an option to renew clause whereby at the end of the tenancy period, the tenant has the option, by giving a written notice to the landlord prior to the end of the tenancy period, to continue with the tenancy for an additional time period e.g. one year.\n\n\n4. Deposit and rental amount (including any GST if applicable)\n\n\n\n\nThe parties to agree on the monthly rental amount and including GST if the landlord is a GST registrant.\n\n\nThere are two deposits\u00a0\u2014\u00a0security deposit and utility deposit \u2014\u00a0which shall be payable by the tenant and to be kept by the landlord and shall be refunded to the tenant free of interest at the end of the tenancy. These are subjected to any lawful deductions as provided for in the agreement. Do note that the clause is usually drafted in such a way that the landlord shall not be entitled to use the deposits to set off any rental arrears during the term of the tenancy.\n\n\n5. Payment mode and payment due date\n\n\n\n\nThis clause would specify how the landlord wishes to be paid i.e. direct transfer to the landlord\u2019s bank account or its nominated bank account, by cheque, etc.\n\n\nIt also specifies when is the latest date of every month for the payment of rental e.g. by the 7\nth\n day of each month.\n\n\n\u00a06.\u00a0Purpose of the tenancy\n\n\nParties would need to state what the demised premises is used for i.e. commercial, residential, warehouse, etc. The demised premises shall strictly only be used for the purpose that is stated and nothing else.\n\n\n7. Parties obligations and covenants\n\n\nThe agreement will outline the responsibilities of the landlord and the tenant respectively for the entire duration of the tenancy. Any non-compliance will result to a breach of the tenancy.\n\n\n8.\u00a0Fixtures, fittings list (if any)\n\n\n\n\nSometimes, properties are rented out together with fixtures and fittings e.g. air-conditioning, built-in cabinets and etc. Therefore the landlord shall provide a list of it all\u00a0and the tenant shall be responsible to ensure that the fixtures and fittings are in good condition at the end of the tenancy period.\n\n\n9.\u00a0Termination\n\n\nThis clause is one of the most important clauses in the tenancy agreement as it will be the only exit for both parties. Parties may agree to insert into the tenancy agreement on the methods to terminate the tenancy agreement prior to the end of the tenancy period. E.g. \u201cThe parties may terminate this tenancy during the term of this Agreement or any renewed term thereof by giving to the other party a two months written notice in writing\u201d.\n\n\n10. Special conditions (if any)\n\n\nAny other special conditions that the parties wish to include e.g. one month rental-free period for the tenant to carry out renovation works in the demised premises, reinstatement clause whereby the tenant shall reinstate the demised premises to its original condition if approved renovation works have been done to the demised premises.\n\n\nConclusion\n\n\nAlways bear in mind that it is your right, be it as a landlord or a tenant, to negotiate the terms and conditions with the aim to come to an agreement between both parties prior to signing the tenancy agreement. There is a major need for the parties to enter into a tenancy agreement to set out clearly the parties intentions to prevent any future disputes.\n\n\nCarmen Tham is a lawyer and she is actively involved in real estate legal work.\n She is the managing partner of Messrs. KEAY & CO.,\u00a0\na boutique firm located in Publika @ Solaris Dutamas with one of their major specialisations in property development, sales and purchase of property, tenancies and real estate disputes\n.\n\n\nIf you have questions that you would like to ask Carmen, please feel\u00a0free to drop her an email at\u00a0\nenquiry@keayandco.com\n.\n\n\nDisclaimer: The information here does not constitute legal advice, please seek professional help for your specific needs.\n\n\nfind my dream home today!\n\n\nSell or rent out my house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\ncontracts\nHome\nNew home\nrenting\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nProperty Photography 101 : Composition, angles and lighting\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Arty crafty workshops in KL\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/09/5-arty-crafty-workshops-kl/", "title": "5 Arty crafty workshops in KL", "body": "\n\nLooking to start a new hobby or pick up a new skill, workshops are perfect ways to test the waters. Be it photography, calligraphy, painting, pottery making, or silkscreen making. Best part about attending these workshops, you get to bring your masterpiece home and put it on display as a home decor.\n\n\nCalligraphy for beginners at \nDC Calligraphy\n\n\n\n\n\n\nHave you been thinking of picking up this trendy penmanship skill that has been making its round all over the internet? A part from providing custom hand lettering and calligraphy services, self-taught calligrapher Denise Chin also offers workshops to those interested. Her style leans more towards modern, whimsical and slightly quirky as oppose to the traditional copperplate lettering. Get your hands ready for a three and a half hours of fun! Just show up, you will receive a starter kit \u2014 a straight holder, an oblique holder, a jar of black ink, \u00a02 nibs, handout notes with practice sheets and alphabet guides.\n\n\nPrice : RM298\n\n\n\n\nFloral watercolour painting at \nGladys\u2019 Stories\n\n\n\n\n\n\nThere was a sudden surge of peoples\u2019 interest in watercolour that peaked over the past few months. More often than not, it always involves some form of florals. If you think you have what it takes to create beautiful art that will be totally Instagramable and you just need to refine your raw talents, here is a workshop for you. As per usual, you just need to bring is yourself because all the tools will be provided, even the refreshments. Gladys\u2019 Stories also offers calligraphy workshops from time to time\n\n\nPrice : RM220\n\n\n\n\nSilkscreen painting at \nRaksasa Print Studio\n\n\n\n\n\n\nLearn the processes behind the making of the prints on your favourite t-shirt or tote bag at Raksasa Print Studio. The workshop is a 1-day (3 hours) group class that is held on a monthly basis. It covers the basic of silkscreen painting \u2014 drawing the image, exposing the screen and printing the image. If you miss the monthly workshop, there is a 2-days (6 hours in total) course which you can choose. It is more comprehensive as it covers more techniques. \u00a0The course is inclusive of basic supplies but you can bring your own fabrics and etc or buy Raksasa Print\u2019s tote bags, shirts or fabrics. Best part about their course is that they offer private classes by topping up just RM50 during their \u2018open studio\u2019 schedule.\n\n\nPrice for workshop : RM180\n\n\nPrice for course : RM300\n\n\n\n\nMossionary Terrarium Workshop with\u00a0\nOhsum Mossum\n\n\n\n\n\n\nIf you have a steady hand and would like to build a world on your own, make a moss terraium with a little eco-system within it. The founder, Ronnie Khoo will provide hands on guidance on how to create one as well as the tips and trick on miniscapiing your miniature world. The 2 hours class is inclusive of all materials such as the terrarium, moss, tropical plants, stones, gravel and figurines, which you get to bring home when you have made your one moss terrarium. The price varies based on the type of terrarium you desire. Bring your creativity and patience!\n\n\nPrice :\u00a0From RM150 to RM600\n\n\n\n\nPhotography at\u00a0\nThe Print Room\n\n\n\n\n\n\nPerhaps you want to start taking photography a little more seriously after mastering the art of Instagram, why not try out film photography. The 1-day introduction class will be almost an whole day affair from 11am to 6pm. However, it will cover camera basics, shooting, basic processing and basic printing. The class fee is inclusive of film, chemicals and paper.\n\n\nPrice : RM800\n\n\n\n\nThis post is brought to you by Bumbung.co.\n\n\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nArt\nCity living\nDecors\nHome\nHome and living\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMust Know Terms of the Tenancy agreement in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat is to become of TTDI's beloved public park?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/11/become-ttdi-beloved-public-park/", "title": "What is to become of TTDI\u2019s beloved public park?", "body": "\n\nMany TTDI-ians go to Taman Rimba Kiara to carry out outdoor daily activities such as jogging, picnic and even line dancing. While the public park is located in the heart of\u00a0Taman Tun Dr. Ismail (TTDI), many neighbouring residents from Bandar Utama and Damansara also gather there in the mornings and evenings for a stroll.\n\n\nSince early 2016, there has been countless protests to protect and preserve Taman Rimba Kiara. This took place ever since the announcement of the proposed 4.86ha development.\u00a0The project has a 29-storey block of affordable housing and eight blocks of serviced apartments ranging from 42 to 54 storeys.\n\n\nAccording to \nThe Star\n, the development also includes the construction of a six-lane highway and a flyover into the suburb to accommodate the big increase in population density. This linkage of Penchala Link to Jalan\u00a0Datuk Sulaiman will require extensive expansion works. In doing so, will indirectly narrow existing\u00a0monsoon drains and reduce the number of canopy trees in the area.\n\n\nTaman Rimba Kiara used to be a rubber estate and the ex-plantation workers who lived there before the development took place in the 1980s were relocated to the present longhouses.\u00a0The ex- plantation workers were promised affordable housing 35 years ago and are still waiting.\n\n\nThe Federal Territories Minister said the 180 free units will also be offered to the families of ex-plantation workers living in longhouses within the area,\u00a0hence there are \u00a0some mixed reactions from the public regarding this issue.\n\n\nMalay Mail Online\n\u00a0reported Kuala Lumpur Mayor Datuk Seri Mhd Amin Abd Aziz saying that the project was still under Rule 5.\u00a0Rule 5 is a provision that requires the mayor to reach out to registered owners of adjacent land, through advertisements to invite objections to the application for development that involves the conversion of land use, zoning or increase in residential density.\n\n\nAccording to him, the project has not been approved due to the objection process so people will just have to wait patiently for the outcome of it.\n\n\n\u201cPeople must know, when a land is already owned by an organisation or an individual, it/he is entitled to build development,\u201d\u00a0Mhd Amin was quoted saying.\n\n\nOn the other hand, national newswire \nBernama\n reported Federal Territories Minister Datuk Seri Tengku Adnan Mansor saying that the major property project at the Rimba Kiara park in TTDI would still go ahead, despite the residents\u2019 threat to take legal action.\n\n\n\u201cWe hope the residents will not be easily manipulated that they take legal action against DBKL when we have already explained that the development will not disturb the Rimba Kiara recreational area,\u201d he stressed.\n\n\nBoth sides have some valid points on the project development but we truly hope it will be a win-win situation for all.\n\n\nThis post is brought to you by Bumbung.co\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nDBKL\nKL\nKuala Lumpur\nMarket news\nNews\npark\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Arty crafty workshops in KL\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n3 Types of property that are difficult to sell\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/16/3-types-property-difficult-sell/", "title": "3 Types of property that are difficult to sell", "body": "\n\nWith the current economic situation in Malaysia, it is definitely the buyer\u2019s market. Therefore, selling a property can be tough enough as it is. However, if your real estate suffers from certain conditions, it can be even more difficult to dispose of it. Here are a few types of property that will most likely give you a bigger headache this year.\n\n\nProperties next to a cemetery\n\n\n\n\n\n\nPerhaps it\u2019s something that happens more often in Asian countries because we have all these superstitious beliefs due to our very diverse cultures. Things associated to death is never a good thing but in Asian countries, it\u2019s a bigger taboo. In fact, having a property located near a graveyard may even decrease your property value. Be prepared to lower the prices if you really want to sell it away as there will always be people who are less\u00a0superstitious enough\u00a0to purchase.\n\n\nProperties with a stink\n\n\n\n\nThere is also a general preconception that a home in close proximity to a landfill, an oxidation pond or an aerated lagoon will get your property value dinged. Even if you are not exactly located right next to it, just being 1km away can affect your property. Windows have to kept close most of the time just incase there is a breeze that might blow in your property\u2019s direction. \u00a0 \u201cI like foul smelling things\u201d \u2013 said no one ever.\n\n\nProperties that are ground floor units of high-rise condominiums or apartments\n\n\n\n\nThere is a saying, what\u2019s the point of staying in a high-rise condo or apartment if you are not able to enjoy the view. It rings true to many people. Therefore, not many people are too keen on units that are located on the ground floor. Most of the time the downside of these ground floor units is that it doesn\u2019t get\u00a0much natural lighting. Worse, if the block is surrounded by other taller buildings. However, with this being said, many are willing to give up the view if the price matches the property value.\n\n\nThis post is brought to you by Bumbung.co\n\n\n\n\nSell or rent out my property today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nKL\nKuala Lumpur\nproperty\nreal estate\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat is to become of TTDI's beloved public park?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nUEM Sunrise in partnership with Foster + Partners presents Arcoris Mont Kiara\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/19/uem-sunrise-partnership-foster-partners-presents-arcoris-mont-kiara/", "title": "UEM Sunrise in partnership with Foster + Partners presents Arcoris Mont Kiara", "body": "\n\n\n\n\n\n\n\nArcoris Mont Kiara\n is a multi-award winning mixed-use commercial high-rise development. It is located at the exclusive global cosmopolitan enclave of Mont Kiara, Kuala Lumpur.\n\n\nIt comprises five integrated components and a Gross Development Value of RM1.2 billion. The design of this revolutionary development project was undertaken by \nFoster + Partners\n, an internationally-acclaimed London-based global architecture and design firm, which has a solid track record of designing various architectural masterpieces in 75 different countries.\n\n\nThe partnership between \nUEM Sunrise Berhad\n and Foster + Partners marks the two companies\u2019 commitment to uphold a global standard of excellence for developing projects the likes of Arcoris Mont\u2019Kiara.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u201cThe success of Arcoris Mont Kiara is made possible, thanks to Foster + Partners. They have lent invaluable experience and knowledge to help create Arcoris Mont Kiara that is set to change the landscape of Mont Kiara. Their contribution will go a long way in enhancing the living environment for the various communities in the area,\u201d says\u00a0 Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise.\n\n\n\u201cWe are also excited to have collaborated with UEM Sunrise, a company that shares our values and vision of sustainability in design. As an architecture and design firm with a strong sustainability practice, we wanted to integrate nature into the design of Arcoris Mont Kiara through the preservation of the natural contours of the site and the creation of public green terraces and green spaces,\u201d says Jonathan Parr, Partner/Deputy Head of Studio for Foster + Partners.\n\n\n\n\nThe project handover started commencing from mid May 2017 in batches.\n\n\n\n\n\n\n\n\n\n\n\n\nThe design of Arcoris Mont\u2019Kiara is unique to itself. It is fundamentally different to the established models of development in Kuala Lumpur. In addition to public green terraces which follow the natural contours of the site from east to west, Arcoris Mont\u2019Kiara offers a low-rise tower block to maintain a closer connection with the natural surroundings. The apartments boast spatial variety, offering generous private and communal terraces. Each home has also been designed to allow residents to fully customise their respective interiors according to their preferences.\n\n\nResidents will also enjoy a full suite of amenities at Arcoris Mont Kiara. It is an integrated development comprising five unique components spanning across business and home office suites, serviced residences as well as retail spaces.\n\n\nArcoris Suites\n \u2013 Designed to house business ventures, it offers 262 commercial office spaces from 700 sq ft to 850 sq ft each. All units were sold out within two weeks when it was first launched in October 2011.\n\n\nArcoris Soho\n \u2013 Targeted at budding families as well as individuals who have the flexibility to work from home. The development component is made up of 366 residential units with sizes ranging from 500 sq ft to 1,000 sq ft. To date, it has been fully taken up.\n\n\nArcoris Residences\n \u2013 Targeted at larger families, it comprises 331 residential units with sizes ranging from 850 sq ft to 2,000 sq ft. It was first launched in 2012 and 99% has been sold to date.\n\n\nHyatt House\n \u2013 A viable option for business travellers seeking accommodation for their mid to long term stay at Mont Kiara. It will also be Mont Kiara\u2019s first international hotel and will be operated by the internationally renowned Hyatt brand.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArcoris Plaza\n \u2013 Residents and visitors can enjoy a wide array of retail operations throughout the plaza boulevard, ranging from F&B outlets to alfresco restaurants, wellness centres and convenience stores.\n\n\nFurther announcements for Arcoris Plaza and Hyatt House will be made within the next several months.\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\narchitecture\ngreen\nInterior design\nKuala Lumpur\nMarket news\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n3 Types of property that are difficult to sell\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Tips to sell your house fast\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/23/5-tips-to-sell-your-house-fast/", "title": "5 Tips to sell your house fast", "body": "\n\nThere is no correct formula to sell your house but these five criteria should at least be met when you put your property up for sale.\n\n\n1. Price it competitively\n\n\nPricing is very important. However, pricing it lower than the market rate is definitely not workable because it will cut your profit, but pricing it too high is a no-no too. A lot of house owners tend to price their property higher because they think that potential buyers will always try to negotiate the price down. However, that is not entirely true and it will affect the house owner\u2019s chances. A higher price will receive fewer offers and therefore the property will more likely get stale in the market. That might lead the buyers to become suspicious on why the property has been in the market for so long. In the end, house owners would have spent more time and resources to sell a property and even with a lower price than intended.\n\n\n\u00a02. Convenient to view\n\n\nNo one likes to beat around the bush. Most potential buyers would like to set a viewing appointment with house owners as soon as possible. If the house owner is always not available for viewing, it will be a turn off for most buyers and they might just check off the property from their list even before viewing it.\n\n\n3. Good photos\n\n\nNowadays, people usually go online to search for potential properties. So, house owners need to put up good photographs that accentuate their house\u2019s best features and selling points to attract high potential buyers. With these great photos, it will attract more potential buyers to ultimately close the deal after the viewing appointment.\n\n\n4. Exterior and interior\n\n\nThe first impression is the only impression that matters. If your house\u2019s interior is filled with dust bunnies and/or broken furniture and fixtures, there is a very good chance you won\u2019t get interested buyers. Looking from a buyer\u2019s perspective, it will cost them extra to clean up the house if they were to purchase the house. Thus, clean your house first before you list them on the market. Give potential buyers a good first impression, as there is no such thing as a second chance to make a first impression.\n\n\n5. Promote your property everywhere\n\n\nMake sure your property is listed on every major property portal such as Bumbung.co. You can even share it on your social media accounts to reach as many people as possible. Doing so will increase the chances of selling it. Talk to your neighbourhood community as well because most of the time they will know of people who are interested in moving into the area.\n\n\nThis post is brought to you by Bumbung.co\n\n\nSell or rent out my house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nHome\nproperty\nreal estate\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nUEM Sunrise in partnership with Foster + Partners presents Arcoris Mont Kiara\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhen supply don't meet the high demand for affordable housing\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/25/high-demand-affordable-housing/", "title": "When supply don\u2019t meet the high demand for affordable housing", "body": "\n\nAffordable housing is a segment with clamouring buyers, but it is also the one that developers are not outwardly interested in supplying.\n\n\nIn 2013, Datuk Abdul Rahman Dahlan who was then urban wellbeing, housing and local government minister said there was a 40-per cent shortfall between the availability and demand for such homes.\n\n\nProperty prices climbing beyond the affordability of buyers is not a phenomenon unique to Malaysia, but the problem becomes more pervasive when the median household income was RM4,585 in 2014.\n\n\nAt that level, the families are limited to homes costing RM300,000. Comparatively, the average house price in Kuala Lumpur was RM772,116 in 2016.\n\n\nPutrajaya has attempted to address this issue by launching schemes such as the \n1Malaysia People\u2019s Housing Programme\n (PR1MA), while urging property developers to offer more homes in the affordable category.\n\n\nA recent survey by \nReal Estate Housing Developers\u2019 Association Malaysia\n found that 73 per cent of some 1,655 respondents were willing to pay between RM300,000 and RM750,000 for a residential property.\n\n\nBut despite the unfilled demand for affordable homes and a slowing luxury market, developers continue to favour the latter.\n\n\nAccording to property industry experts, the aversion is motivated by simple economics: Rising material costs, expensive labour and policies make it unsustainable for developers to focus on affordable housing without government intervention.\n\n\n\u201cLand is getting expensive, manpower is also increasing in the same pace, and if we don\u2019t come up with a long-term solution, then it will become difficult for developers to build affordable homes,\u201d \nKnight Frank\n managing director Sarkunan Subramaniam told \nMalay Mail Online\n.\n\n\n\u201cIn some cases, local authorities have delayed in approving projects and this has gone up to a year, which, after that period, the value of the land is more expensive\u2026 this is just an additional cost simply incurred by the developer,\u201d he added.\n\n\nHe also said the government sometimes introduced policies that are counterproductive to the push for affordable housing, citing the example of the International Trade and Industry Ministry\u2019s decision to impose definitive safeguard duties for three years on imported steel products.\n\n\nPrompted by the local steelmakers\u2019 complaints, the ministry last month decided on provisional duties on imported steel concrete reinforcing bar, steel wire rods and deformed bar in coils.\n\n\nSarkunan said it was \u201cnot the smartest move\u201d considering its inevitable effects on the cost of building homes, affordable or otherwise..\n\n\n\u201cI understand it is to protect the domestic industry, but by imposing such a policy in this current economic climate, it will require more capital to purchase steel bars and developers will have no choice but to increase property prices,\u201d he said.\n\n\nWhen contacted, Malaysian Industrial Development Finance chief economist Kamaruddin Mohd Nor also said that current costs made it infeasible to market homes that would qualify as \u201caffordable\u201d.\n\n\nWhile there is no uniform price for what qualifies as \u201caffordable housing\u201d, this is generally around the RM300,000 to RM500,000 mark.\n\n\nKamaruddin explained that acquisition costs alone would make it challenging to build and sell homes at that price point.\n\n\n\u201cThe land cost and building materials have risen in tandem over the years. Thus, in some cases it does not make a business sense to build house that fall within the affordable housing price bracket due to high entry cost that is associated with the development,\u201d he said.\n\n\nIn a survey done last year, several developers had cited high costs of materials, labour, standards compliance, and the Goods and Services Tax for a 10 per cent overall increase to operating costs.\n\n\nTo ensure the sustainability of affordable homes in the long run, Sarkunan suggested introducting shell homes in the country.\n\n\nAs the name suggests, shell homes are bare-bones units without rooms and partitions, but with basic plumbing and wiring.\n\n\nCurrently, these are prohibited by law, but he said the savings that could be had would allow developers to offer these for much cheaper than regular homes.\n\n\nAccording to some construction firms in the Klang Valley, a shell condominium unit could be tens of thousands cheaper than a fully built version, while this could be hundreds of thousands less for landed property.\n\n\n\u201cIn the name of renovation, I have seen many people tearing down their whole place only to rebuild something completely different to what was given to them.\n\n\n\u201cSo, why not just give them a shell and let them do what they want to do? This way, developers get to sell the property for a cheaper price and consumers do not need to spend a lot to tear down the whole place,\u201d Sarkunan said.\n\n\nAn executive director at an international property management firm here said an effective solution will only be available if the government and developers address the problem together.\n\n\n\u201cPR1MA and \nRumah Selangorku\n are good but there need to be something more conclusive like how do we tackle with rising building materials, compliance cost, labour and the relevant policies?\u201d said the chartered surveyor who declined to be named.\n\n\nWhen asked if developers compromised on materials just so they could build affordable homes, all three experts said it was a serious offence and that developers would not take such a risk.\n\n\nThis story originally appeared on \nMalay Mail Online\n\u00a0on 8 May 2017.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nbuying\nKuala Lumpur\nNews\nproperty\nreal estate\nrenting\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Tips to sell your house fast\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe place where artisanal shopping gets personal\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/05/29/place-artisanal-shopping-gets-personal/", "title": "The place where artisanal shopping gets personal", "body": "\n\nCommune\n at Sunway Velocity Mall finally officially launched last week. It is a space to give shoppers in Malaysia a whole new artistic retail experience. It also\u00a0encourages the development of creativity and cultures, where artisans come together as a community by supporting each other.\n\n\nCommune is located on the fifth floor of \nSunway Velocity Mall\n, Cheras. The 15,000-square-foot area features 13 stores and 43 independent brands. It ranges from single-origin specialty coffee, beautifully designed hand-carved furniture, and mind-provoking books, to the latest in fashion, amazing eco-friendly beauty products and more.\n\n\n\n\nIn addition, shoppers can get personal with each brand. The people behind Commune\u00a0encourages them to actively engage with the entrepreneurial artisans to learn the story behind every product they purchase.\n\n\nTo further strengthen the engagement, some brands in Commune also organize workshops for shoppers. This will elevate their shopping experience, by understanding certain skills or knowledge that are closely associated to the products or services they appreciate.\n\n\nFurthermore, visitors can also participate in the diverse range of special events in the Events Foyer. It is located at the heart of this unique retail space.\n\n\nPatrons can come together to enjoy a host of experiences tailored to provide enrichment for attendees. Some past events that were held here include the Chinese Opera showcase, independent film screenings, curated flea markets & specialty bazaars.\n\n\n\n\nSenior General Manager of Sunway Velocity Mall, Mr. KS Wong said, \u201cThe concept behind Commune is to create a community of artisans and their patrons. We encourage the development of originality and cultures. Therefore, we are also determined to provide a platform for artisans to grow by supporting one another. We even match-make some brands with a smaller portfolio of products to collaborate with existing stores in order to diversify the offerings.\u201d\n\n\n\u201cIt is an incubator for aspiring lifestyle entrepreneurs and provides them an environment that is responsive to the style and trends of their craft, while being accessible to the public,\u201d Wong added.\n\n\nTo discover the complete list of indulgences and offerings, visit Commune at Sunway Velocity Mall. It is open daily from 10AM to 10PM. The space is also available for private events and functions.\n\n\nThis post is brought to you by Bumbung.co\n\n\nFind my dream house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nCity living\nDesign\ninspiration\nNews\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhen supply don't meet the high demand for affordable housing\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nDoes decluttering your house really help?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/02/decluttering-house-really-help/", "title": "Does decluttering your house really help?", "body": "\n\nEver since the launch of Marie Kondo\u2019s international bestseller, \nThe Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing\n, and its sequel, \nSpark Joy: An Illustrated Master Class on the Art of Organizing and Tidying Up\n, people have been raving about how decluttering have brought joy to their lives.\n\n\n\n\nThe KonMari method that the Tokyo-based author has created may seem perfectly tailored for tiny Japanese apartments. However, her pointers have become very popular in places such as the US, where people typically have more space to spread their belongings.\n\n\n\n\nBut as fulfilling as it can be to throw out things that do not spark joy, and to keep everything neatly folded away in a drawer. It may not be for everyone.\n\n\n\n\n\n\n\n\nTim Harford, who wrote the 2005 bestseller \nThe Undercover Economist\n, says there\u2019s no intrinsic value in being neat. \u201cA pile of papers on a desk isn\u2019t a random mess; it\u2019s a logical one. The papers you touch the most end up on top. They\u2019re full of clues about recent patterns of working,\u201d he tells \nBloomberg\n.\n\n\n\n\nHarford cited a University of Exeter study which found that employees show greater productivity in workspaces that have more, rather than less stuff. However, most productivity was seen when they had the most control over an environment.\n\n\n\n\nThe study also found that people who had no control over their surroundings not only hated their job, office and company, but also complained of physical discomfort.\n\n\n\n\nTherefore, what matters is that you get to choose what to surround yourself with because that leads to more happiness. So if spring-cleaning your closet is your cup of tea, by all means do it. But it still does not address the cause of the clutter problem \u2014 overconsumption.\n\n\n\n\nAn article in \nThe Guardian\n says there has been an increase in donations of pre-loved items to charity shop chains, which resell them for money. That\u2019s wonderful. But what happens to those items that cannot be sold?\n\n\n\n\nFast-fashion purchases are prevalent today, but the quality of garments shows they are usually not made to last. These often end up being downcycled into items such as mattress stuffing or rags. What cannot be used at all goes to the landfill.\n\n\n\n\nResearch conducted by \nWrap \n(the Waste and Resources Action Programme) found that an estimated 350,000 tonnes (worth \u00a3140 million or RM748 million) of used clothing goes to landfills in the UK alone annually.\n\n\n\n\nTo root out overconsumption, we have to start by changing our relationship with things. According to James Wallman, author of \nStuffocation: Living More With Less\n, society is still using mental tools honed through millennia of scarcity.\n\n\n\n\n\u201cIt\u2019s very hard to switch our mental tools, which is why lots of people, once they\u2019ve done that clearing up and feel good about it, think, \u2018I\u2019ve got all this space on my shelves. What do I do?\u2019 And they go and buy more,\u201d Wallman tells \nThe Guardian\n.\n\n\n\n\nPurging our possessions using the KonMari method is the first step towards unlearning this mindset. It is also the most difficult, because it is normal for human beings to have attachments. But if that can be accomplished, it will mean a huge step forward.\n\n\n\n\nThis should be followed by a marked effort to not repeat the vicious cycle of replenishing what has been thrown out.\u00a0It helps to consciously choose to use the money we would normally spend on more material things on having more memorable and enriching experiences instead.\n\n\n\n\nThis post was brought to you by Bumbung.co\n\n\n\n\nSell or rent out my house now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome and living\nHome improvement\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe place where artisanal shopping gets personal\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nLiving large in the integrated township by IJM Land\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/07/living-large-intergrated-township/", "title": "Living large in the integrated township by IJM Land", "body": "\n\n\n\nImagine soaking in some vitamin D on a sundeck, next to an infinity pool with a gorgeous view of lush green forest reserve, knowing that home is only a few floors away.\u00a0 Or looking out of your apartment, enjoying the glittering night lights the city has to offer.\n\n\nWith an array of finest amenities and award winning architecture, \nInwood Residences\n brings a fresh\u00a0perspective to the property industry in Kuala Lumpur.\u00a0It\u00a0is part of \nIJM Land\n\u2019s Pantai Sentral Park, a visionary township consisting of a mixed-use development with seven residential phases and six commercial phases.\n\n\nLocated within the 200-acre forest in Bukit Kerinchi, it is\u00a0expected to be completed within 10 to 15 years. Upon completion, Pantai Sentral Park will boast modern facilities and conveniences, with some 15,000 residents calling it home.\u00a0Adjacent to the Bukit Gasing forest reserve, Inwood Residences is the first of the 58 acre Pantai Sentral Park developments that will be ready in 2018.\n\n\nInwood\u2019s residential tower built over 3.02 acres of prime real estate has 211 luxurious units spread over 38 floors. On each level, there are eight versatile layouts measuring from 1125 sqft to 1965 sqft to choose from.\u00a0Each Inwood unit is oriented either in the north, with city or garden views or the south, in the direction of the forest and pool. \u00a0There will be a blissful view no matter which unit is chosen. Each and every living space is designed with a shallow floor plate to boost natural lighting into its living space, in addition to good ventilation in the spacious apartments.\n\n\n\n\nFocusing on Pantai Sentral Park\u2019s core values of People, Planet & Priority, IJM Land has ensured residents are equipped with first-class facilities and modern amenities, including 24-hour security, children\u2019s playground, infinity pool, a sunken sundeck and jacuzzi.\n\n\nInwood Residences is the ideal choice of property for those looking for a comfortable, contemporary home or for those looking to invest in a property which boasts a strategic location, good rental prospects and a high property value. Inspired by the idea of giving residents a chance to live amidst a natural ambience, Inwood Residences\u2019 premium amenities are sure to inspire future residents to work, play and live within Pantai Sentral Park.\n\n\nWith thoughtful design and inspiring concepts, Inwood Residences is home to the Enchanted Garden, winner of \nAsia Pacific Property Awards in 2014\n for best Residential Landscape Architecture in Malaysia. It features a pathwalk with trellis, maze path, totem plaza, children\u2019s playground, tree houses, rock water fountain, topiary garden and more.\n\n\nThe creatively designed garden gives residents a chance to be refreshed and rejuvenated in lush grounds. The Sky Gardens on the 16th and 25th floors, give the best of both worlds \u2013 the glamourous cityscape on one side and the lush forest on the other.\n\n\nBreathtaking views and thoughtful designs aside, the residence has a take up rate of 90% with prices starting from RM731,000.\u00a0Located at the doorstep of the up-and-coming MSC Malaysia Cybercentre at Bangsar South, it is also easily accessible to and from education centres like Universiti Malaya and \nSri Dasmesh International School\n.\n\n\nAdditionally, it is positioned within a 5km radius of major hotspots such as Petaling Jaya, Mid Valley and KL Sentral. Pantai Sental Park is also well-connected to public transportation networks like the LRT and KTM lines.\n\n\n\u201cWhen completed, Pantai Sentral Park will feature a mix of residential, commercial and recreational touch-points. Inwood Residences will give an opportunity to home owners to lead a relaxed, fulfilling lifestyle by being close to nature yet having easy access to city life.\n\n\n\u201cWith the upcoming Pantai Sentral Park interchange, residents will have the added advantage of being close to popular leisure, business and educational hubs, making it an ideal property for those looking for an investment,\u201d said Grace Foo, Sales & Marketing Manager of Pantai\u00a0Sentral Park.\n\n\n\n\nSituated in the heart of Kuala Lumpur\u2019s New Golden Triangle, Pantai Sentral Park is the midpoint to KL Sentral, MidValley City, Bangsar and Petaling Jaya.\n\n\nThe 2.8km interchange is completed in the second quarter of 2018. When that happens, residents and commuters will have direct access to and from the New Pantai Express Way (NPE).\u00a0This will also\u00a0encourage smooth traffic flow when entering\u00a0and exiting\u00a0the new generation township and its surrounding areas.\n\n\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nKL\nKuala Lumpur\nMarket news\nNews\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nDoes decluttering your house really help?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nLeases vs tenancies - which wins?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/10/leases_vs_tenancies/", "title": "Leases vs tenancies \u2013 which wins?", "body": "\n\nAs I have mentioned in my previous article entitled \u201c\nTenancy Agreements: The Need For One and Its Major Terms to Look Out For\n\u201d, renting of a property which exceeds a rental period of 3 years will constitute a lease. A lease can be granted by the proprietor of the land (\u201clessor\u201d) to another person (\u201clessee\u201d) and such can be done either orally or by way of a written instrument in any form whatsoever.\n\n\nUnder the National Land Code (\u201cNLC\u201d), all leases must be registered with the land office. Tenancies on the other hand need not be registered as it is exempted from registration (\nsection 213(2)(b) of the NLC\n). Any lease that is not registered is considered to be void. The lease will then be reflected with an endorsement on the title deed of the property. Such is done to protect the interest of the lessee as it gives notice to the public.\n\n\nFor example, in the event the landlord wishes to sell the property, the lease will be stated in the land search whereas a tenancy would not when the new buyer\u2019s solicitors conduct a land search. The lease will bind any subsequent owner of the property. This would mean that the lessee cannot be denied the rights to occupy the property during the term of the lease and cannot be asked to vacate the property as the lessee enjoys a right of exclusive possession.\n\n\nLease is often described as a \u201clong-term\u201d tenancy which can go up to a maximum of 99 years. However, do note that in order to create a 99 years lease, the lease has to be for the property as a whole (\nsection 221(3)\n(a) of the NLC). In the event that you are only leasing part of your land/property, you will only be able to create a lease of a maximum of 30 years (\nsection 221(3)\n(b) of the NLC).\n\n\nA lease can be registered with the relevant land office by submitting a duly completed and executed Form 15A by the lessor and the lessee which can be done through appointing a solicitor. A plan and description of the property needs to be attached together if the lease is only for part of the land. The registration fee for the lease at land office varies according to the state where the property in question is located.\n\n\nLike tenancies, it is also important for the lessor and the lessee to enter into a lease agreement specifying the lease period and other important terms similar to that of a tenancy to protect the interest of both the lessor and the lessee. Leases are suitable for landlords who want to \u201clock-in\u201d a tenant for a set period of time to ensure that for the set period of time, the landlord will have a secured rental income.\n\n\nA tenancy although exempted from registration, a tenancy may also protect his interest against subsequent property dealings by the landlord e.g. sale of the property, by means of an endorsement of the tenancy in the register of the document of title to the property (\nsection 316 of the NLC\n). It is stated under \nsection 213(3) of the NLC\n and in the case of Than Kok Leong v Low Kim Hai that any tenancies that had not been endorsed on the register is not binding on a subsequent buyer. The endorsement can only be cancelled by the registrar of the land office if it was ordered to do so by the court or by application of the proprietor or tenant when the tenancy has expired.\n\n\nSo, before you decide to rent a property, do consider if you will be taking up the tenancy for a period longer than 3 years as it will determine whether it would constitute a lease or a tenancy.\n\n\n\u201cCarmen Tham is a lawyer and she is actively involved in real estate legal work. She is the managing partner of Messrs. KEAY & CO.\n,\u00a0\na boutique firm located in Publika @ Solaris Dutamas with one of their major specialisations in property development, sales and purchase of property, tenancies and real estate disputes\n.\n\n\nIf you have questions that you would like to ask Carmen, please feel\u00a0free to drop her an email at\u00a0\nenquiry@keayandco.com\n.\n\n\nDisclaimer: The information here does not constitute legal advice, please seek professional help for your specific needs.\u201d\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nMoving\nNew home\nproperty\nreal estate\nrenting\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nLiving large in the integrated township by IJM Land\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat is home loan refinancing?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/13/home-loan-refinancing/", "title": "What is home loan refinancing?", "body": "\n\nMany of us have heard this term when we purchase our first home but do you know what it really means?\n\n\nAccording to \niMoney\n, home loan refinancing involves taking a new home loan to replace the existing home loan. This means the first loan is paid off and a second loan is created.\n\n\nThere are many \nreasons\n\u00a0for homeowners to refinance:\n\n\n\n\nthe opportunity to obtain a lower interest rate\n\n\nthe chance to shorten the term of their mortgage\n\n\nto convert from adjustable-rate mortgage to a fixed-rate mortgage or vice-versa\n\n\nthe opportunity to tap a home\u2019s equity in order to finance a large purchase or getting the cash flow\n\n\nthe desire to consolidate debt\n\n\n\n\nAdvantages of Refinancing\n\n\nLow interest to obtain cash flow\n\n\nRefinancing is a way that allows an individual to obtain cash for large purchases such as cars or to reduce other debts. This is known as a cash-out refinance because the borrower refinances for more than the amount they still owe the bank and takes the difference in cash. How is it that they are able to refinance for a high amount of loan? Over the years, if times are bullish, the property\u2019s value will appraise. The bank will evaluate the current value of the property and determine how much\u00a0they are willing to loan. Then the some of the total sum of the loan is used to pay off the original loan, while the remaining money can be cashed out.\n\n\nHere\u2019s a simple example to illustrate the idea. If you bought a property at RM250,000 a few years ago and you still owe the bank RM175,000 today. However, the property now is worth RM400,000. So, if you were to refinance and apply for an 80% loan at the property\u2019s market value, you will get a loan of RM320,000. After paying off the original loan, the remaining RM145,000 can be\u00a0cash out. This is just an example to illustrate the idea, the actual number might be different depending on the interest rate and loan packages.\n\n\nLower interest loan packages or shorter term\n\n\nAnother reason people choose to refinance their home loan is to get lower interest loan packages. The housing loan interest rate is not fixed. So there might be a time when the market interest rate is lower than your mortgage\u2019s interest rate. A lower interest translates to lower monthly payments, which means you\u2019ll pay less for your home overall. With that said, it will allow you to have extra cash in your budget for your investment or saving purpose. Often you can get a better package with promotion or cash back rewards while refinancing your loan package with another bank.\n\n\nBesides that, you can also choose to shorten your loan term by refinancing. From the time you bought the home, you might have been promoted in your career and might more cash flow each month. So you will definitely want to shorten your loan term and pay off it faster. By refinancing, you are able to get better loan packages with a shorter term and better loan interest as compared with your previous one.\n\n\nWhat to avoid when refinancing your home loan\n\n\nPrepayment penalty\n\n\nOne thing that you need to take note before proceeding to refinance a home loan, is the prepayment penalty. Some banks may have a lock-in period for the loan. If the borrowers wanted to pay off the loan before the lock-in period, there will be a prepayment penalty. Thus, before you decide to refinance your home loan, check the clauses in the loan contract first. If there is a lock-in period and prepayment penalty, calculate first to ensure that even after you pay off the penalty, it will still be worthwhile.\n\n\nExtra cost and processing fees\n\n\nAnother thing to take note is the extra cost and processing fees. Those costs include the bank processing fees, stamp duty, legal fees and property valuation fees. Thus, those who want to refinance their home loan need to take those costs into consideration first to determine whether it is worth it or not.\n\n\nConclusion\n\n\nRefinancing a home loan can be a great financial move. However, only if it can reduce your mortgage payment, shorten the terms of your loan or help you build equity more quickly. However, you have to understand your financial situation and what the results you want to achieve with refinancing. If you don\u2019t understand or are confused about home loan refinancing, you should seek a consultant for professional advice. It might cost you some fees upfront but it will always save you from making bad decisions.\n\n\nSell or rent out my property today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nfinance\nHome\ninvestment\nproperty\nreal estate\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nLeases vs tenancies - which wins?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nLooking for adventurous seekers in the city\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGood Will\n \non 16 November, 2019 at 19:16 \n\n\n\n\nReply\n \n\n\n\n\n\n\nHi,\n\n\nvery nice article\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/16/adventurous-seekers-in-the-city/", "title": "Looking for adventurous seekers in the city", "body": "\n\nPantai Sentral Park will be hosting a thrilling forest run for adventurous runners next month. This event is in-conjunction with their new launch. They are embracing the epitome of an integrated township, \nIJM Land Pantai Sentral Park\n. It will give residents a chance to live, work and play in a one-stop city with modern amenities, excellent facilities as well as a chance to pursue healthier lifestyles.\n\n\nHolding strong to its core values of People, Planet & Priority, Pantai Sentral Park will be bringing a rush of adrenaline to runners and adventure seekers with the PSP King of Forest 2017 \u2013 in partnership with organiser \nCentrisoh\n on July 16, 2017.\n\n\nIn support of \nNational Cancer Society Malaysia\n, the PSP King of Forest 2017 is sure to give runners a sense of achievement as they compete in a tough 7.2km forest run with the aim to be the first at the finishing line. Besides the 7.2km forest run, those looking for a less competitive run, the 5km Fun Run is one to join. The flag-off will be in the early morning\u00a0at the ICE Gallery. Hence, runners will have a chance to relax and participate in fun activities after finishing their exhilarating Sunday race.\n\n\nFrom 9am to 4pm, runners and their supporters will be able to discover elements of modern living at the Live with Style fair. Participants will also have the chance to win lucky draw prizes, see cool cars and motorcycles and catch appearances from \nHitz\n, \nEra\n and \nMY fm\n\u00a0road cruisers.\n\n\nThere are four categories for the 7.2km, which is open to 800 participants\u00a0:\n\n\n\n\nMen Open (39 years old and below)\n\n\nWomen Open (34 years old and below)\n\n\nMen Veteran (40 years old and above)\n\n\nWomen Veteran (35 years old and above)\n\n\n\n\nAs for the 5km, there are two categories that is available for 700 participants :\n\n\n\n\nMen Fun Run (7 years old and above)\n\n\nWomen Fun Run (7 years old and above)\n\n\n\n\nThe PSP King of Forest run is for serious and casual runners. Upon registration with payment of RM60 (7.2km) and RM40 (5km), participants will receive a dry fit Ultron t-shirt and personalised Bib Number. 7.2km Trail Run runners will also get a timing chip.\n\n\nAt the end, all runners who complete the run will receive a finisher medal. As for those who opt for the forest run will also get an online certificate of participation with timing.\n\n\nFor more information and to register for the adventurous run visit\u00a0this website :\n\u00a0PSP King of Forest\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nforest city\nKL\nKuala Lumpur\nlifestyle\nliving the city\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat is home loan refinancing?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to check your credit report with CTOS?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/20/check-credit-report-ctos/", "title": "How to check your credit report with CTOS?", "body": "\n\nWhat is a credit report?\n\n\nBasically not everyone has a big pile of cash sitting in the bank for when they need to make big purchases such as buying a car or a house. According to Cambridge English Dictionary, a credit report is a document that contains a person\u2019s or company\u2019s record of debt and payment of debt over a period of time.\n\n\nWhen you apply for credit facilities, banks and financial institutions will often verify your status with credit\u00a0reporting agencies such as CTOS. These agencies will provide them with your credit history to help them evaluate your application. Likewise, individuals and businesses can turn to CTOS to check and monitor their own credit profiles and that of others before committing to important financial decisions.\n\n\nCTOS is Malaysia\u2019s leading Credit Reporting Agency (CRA) that provides credits information to businesses and individuals. CTOS collects information from various public sources that include:\n\n\n\n\nNational Registration Department (NRD)\n\n\nRegistrar of Societies\n\n\nPublications of legal proceedings and notices in newspapers and government gazettes\n\n\nCompanies Commission of Malaysia (CCM)\n\n\nMalaysia Insolvency Department\n\n\nSubscribers\u2019 contribution of litigation records\n\n\n\n\nYou can get a CTOS Self-Check Report (MyCTOS Report) online at their website. The self-check report is comprehensive, detailing identity verification, business exposure, directorships and business ownerships. It also contains details of legal actions, case statuses as well as bankruptcy information.\n\n\nGet MyCTOS Report from CTOS\n\n\nTo get the MyCTOS report, first, you need to register at \nCTOS\u2019s website\n. You will have to key in your new IC number, email, your language preference and click Next.\n\n\n\n\nThen, an email will be sent to your email to confirm your identity. You will have to open up that email and activate your account. Upon activation of your CTOS account, one FREE copy of the report will be sent to you. Besides that, all verified users will also receive a FREE MyCTOS report in January and July. The free report only shows basic credit information and the paid report will contain more detailed credit information, which includes Banking Payment History (CCRIS & DCHEQs) and the CTOS score. If you want to use the paid services, it is RM26.50 including GST.\n\n\n\n\n*CTOS score is the credit score for individuals that provides an evaluation of a consumer\u2019s credit risk. The score is presented in the form of a 3-digit number ranging from 300 to 850. The higher the score, the lower the credit risk.\n\n\nBenefits of Having A Credit Score\n\n\nA good CTOS credit score can benefit you in few ways:\n\n\n\n\nIncrease your chances of getting a loan\n\n\nSpeedier loan approval\n\n\nFacilitate personal financial planning\n\n\nMonitor the status of your credit health\n\n\nMore credit is available\n\n\nGet fairer credit decisions\n\n\n\n\nBy knowing your CTOS credit\u00a0score, you will always be on top of your\u00a0financial status, which in turn makes it easier for you to maintain or improve it. Having a good record will help you a lot when you are applying for certain credit products such as credit cards and loans.\u00a0For more information, you can go to \nCTOS website\n.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nfinance\nHome\nproperty\nreal estate\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nLooking for adventurous seekers in the city\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nTips on childproofing your home\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/25/tips-on-childproofing-your-home/", "title": "Tips on childproofing your home", "body": "\n\nWe may have the most elegant-designed home but when the time comes to start a family, some things just have to go. It\u2019s all about compromising to make way for the new family member\u00a0in the house.\n\n\nChildproofing your home is essential to keeping your toddler safe. This can be any area in your house \u2014 bathroom, nursery, kitchen, anywhere that poses a threat to your toddler.\n\n\nIn the bathroom :\n\n\n\n\n1.\u00a0Safeguard from slips by using nonslip mats in and out of the tub as well as on any hard-surface floors near the bathroom \u2014 chances are you\u2019ll be chasing a naked, wet toddler through the house at some point.\n\n\n2.\u00a0Install a toilet lock so little fingers don\u2019t get smashed, to protect from accidental drowning and to prevent any unsanitary exposure.\n\n\n3.\u00a0Keep looking like a hot mama, but always move the flat-iron cord (or any other appliance cord) out of the toddler\u2019s reach to avoid burns or strangulation.\n\n\nIn the nursery :\n\n\n\n\n1.\u00a0While it\u2019s really adorable to have super-cute bumpers, blankets, pillows and stuffed animals in the baby\u2019s crib, remove them. They can actually suffocate your child. Mobiles with small hanging parts should also come out as soon as baby can pull himself or herself upright.\n\n\n2.\u00a0Store toys in an open toy box so there\u2019s no lid to slam toddler\u2019s fingers.\n\n\nIn the kitchen :\n\n\n\n\n1.\u00a0Stove knobs are fun to twist, baby toys often have knobs on them to help with developing dexterity. Kids might think the ones in the kitchen are toys as well, so keep them turned off with stove knob covers. Reduces the risk of toddlers being able to grip, much less turn these knobs.\n\n\n2. An appliance lock ensures your child won\u2019t pull the oven door down on top of himself or herself. This can also be added to the refrigerator, which has shelves your little one can climb.\n\n\n3. Other times when you got something bubbling and simmering on the stove? Keep baby safe from splatters and from pulling on pot handles with a stove guard.\n\n\n4.\u00a0Under-sink cabinets are a typical place to store cleaning products, but with child in residence, you need to move them out of reach. If they must stay in low cabinets, invest in latches and locks to always keep the cabinet doors securely shut.\n\n\nIn the living room :\n\n\n\n\n1.\u00a0Cordless shades or cord cleats are the way to keep curtain blinds safe for children.\n\n\n2.\u00a0Coffee tables, TV stands, even window ledges offer plenty of sharp corners at eye level for someone two feet tall. Cushion the edges with bumpers. Scan the room for breakables and move them to where toddler can\u2019t get them. You\u2019ll be amazed by how far up, or over, little ones can actually reach.\n\n\n3.\u00a0Secure bookcases and other tall furniture to the wall with bolts or adjustable, locking furniture straps that attach to the wall and to the object to keep your little brainiac from pulling it over.\n\n\n4.\u00a0Got stairs? If so, a baby gate is a must. Finally, they come in styles to match your home\u2019s decor.\n\n\nThese are just some steps you can take, there are more ways to completely childproof your home. It\u2019s a little different for each home. Hope you are up for the challenge because kids are curious little creatures that will wander everywhere they can reach.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome\nHome improvement\nNew home\nproperty\nRenovation\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to check your credit report with CTOS?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nIJM Land launches a new project at its Bandar Rimbayu Township\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/28/ijm-land-new-project-bandar-rimbayu/", "title": "IJM Land launches a new project at its Bandar Rimbayu Township", "body": "\n\nWhat do we look for when deciding where to set up a home? Comfort is often the key factor; this can mean anything from being secure in your surroundings, to having your favourite amenities close at hand. Of course, what would be ideal is to have both these needs met! Along with a few extras such as a pleasant environment to raise your family in.\n\n\nIJM Land believes in ideals; the popular developer also believes in providing its home buyers with properties that fulfil the unmet needs of an evolving society. Which is why IJM Land\u2019s Bandar Rimbayu township has been meticulously planned with a sense of community at its heart.\n\n\nThe latest development to be launched at Bandar Rimbayu is the Livia Type A double story link homes. It comes with a gross built-up of 1658 square feet to 1854 square feet, depending on the layout. Only 118 units of these homes are available. IJM Land expects that the Livia properties will be eagerly snapped up given the popularity of their previous launch, the Penduline parcel homes. Since that launch in February 2016,\u00a075% have been sold.\n\n\nThe Livia Type A homes are attractively priced from RM621,800 for the intermediate lots. It is very affordable for the first-time property owner. IJM Land recognises that new property owners are likely to come with a growing family. Therefore, the Livia Type A homes have a generous kitchen area that will easily accommodate renovations to add an extra room if the need arises.\n\n\n\n\nManaging Director of \nIJM Land Berhad\n, Edward Chong explained that the concept of Bandar Rimbayu is built on the foundation that people these days yearn for a sense of community around them.\n\n\n\u201cWe feel that there has been a paradigm shift in the way that people are looking at their lives. It\u2019s no longer just about the rat race, and coming back to a lonely apartment and trudging through the daily grind. There is an unmistakable longing to be part of something bigger; to have family around you, to be surrounded by verdant green spaces, and to lead an active lifestyle. That\u2019s what Bandar Rimbayu aspires to be; a safe, vibrant, inclusive community where there is true meaning to the work-life balance,\u201d he elaborated.\n\n\nAmenities and facilities :\n\n\nThe Livia Type A double storey homes will be ready for occupancy by mid-2019. By then, various amenities will be up and running. Bandar Rimbayu\u2019s social hub \u2013 The ARC, currently holds a green roof deck and football field will be expanded to a Rimbayu Club Village. The state-of-the-art clubhouse fuses form and function to perfection. It has three distinct zones will contain club facilities, active functions and events, as well as communal activities. The Rimbayu Club Village will also be home to an Olympic-size swimming pool, a gymnasium, a cafeteria, badminton courts, a football field, jogging tracks, bazaar spaces and much more to enliven your body, mind and spirit.\n\n\nIJM Land also recently announced that the \nOasis International School\n is slated to open in the fourth quarter of 2017. It will house a capacity of nearly 600 students after its first phase is completed. The conveniently located educational facility means that residents of Bandar Rimbayu will not have to battle the morning traffic in order to send their children to school.\n\n\nIn early 2018, the 1\nst\n phase of the bustling commercial area will be ready. It will provide yet another element of convenience to the residents of Bandar Rimbayu. The Livia Type A double storey home a perfectly balanced lifestyle solution for today\u2019s young and upcoming professionals. Every home comes with fibreoptic connectivity. The\u00a0township is also connected with a multitude of travel options through the five major highways \u2013 Kesas, LKSA, SKVE, Elite and the upcoming West Coast Expressway.\n\n\nClick \nhere\n for more information about the Livia Type A homes.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nbuying\ninvestment\nKL\nMarket news\nNew home\nNews\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nTips on childproofing your home\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nViewing properties with VR\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/06/30/viewing-properties-vr/", "title": "Viewing properties with VR", "body": "\n\nProperty buyers in Malaysia will soon be able to view prospective properties via virtual reality (VR) technology, which provides a 360-degree realistic viewing experience.\n\n\nREA Group Ltd\n Chief Executive Officer, Tracey Fellows, said the group was currently conducting a series of pilot tests in order to enhance the customer\u201ds experience when buying a property.\n\n\nREA Group is an Australian-based multinational digital advertising company specialising in properties.\n\n\n\u201cWe are Google\u201ds worldwide partner for the \nGoogle Daydream\n Virtual Reality Apps, and we have the first VR real-estate app which enables customers to view prospective properties through the VR goggles.\n\n\n\u201cWe use digital technology to change the way people experience and search for property,\u201d she told Bernama during a recent interview. Fellows said the group has always looked into innovation and technology in the property market.\n\n\n\u201cWe really believe that technology and innovation can make property search a much better experience for the consumers, but I think it would take some time before VR goes mainstream.\n\n\n\u201cCurrently, we have VR services in Australia, but it is not yet mainstream due to the difficulty in obtaining equipment such as goggles and others,\u201d she added.\n\n\nHowever, she hinted at the technology would soon be available in the local market, saying that it would be introduced within the next two years.\n\n\nMeanwhile, \niProperty\n General Manager for Malaysia and Singapore, Haresh Khoobchandani, said REA has been continuously innovating its technology and services to help the world experience property in different ways.\n\n\n\u201cWhat you see there (the 3D technology in Australia) is currently being developed here in Malaysia.\n\n\n\u201cWe are creating the second version of our VR goggle here in Malaysia, and we are engaging with the property developers on its deployment in the local market.\n\n\n\u201cThere will also be other visualisation products. People are spending more time on the internet and I believe they are ready for this kind of innovation in the property market,\u201d he said.\n\n\nRecently, iProperty introduced a new mobile app, where the company redefined the property search experience for consumers, making it simpler, faster and more integrated.\n\n\n\u201cThe app is useful for consumers, developers and property owners, as buyers can now view more properties from a wider pool of developers and property owners.\n\n\n\u201cWithin one week, the developers which had registered with the app saw a 40% increase in enquiries from the potential buyers, and we expect that it will continue to grow\u201d he said.\n\n\nThis article was first published on \nBernama\n.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nNews\nproperty\nreal estate\nrenting\nselling\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nIJM Land launches a new project at its Bandar Rimbayu Township\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSteps to create the ultimate game room\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/05/steps-create-ultimate-game-room/", "title": "Steps to create the ultimate game room", "body": "\n\nFor those who just moved into a new house and always wished for a game room, where do you start? Here\u2019s a guide to help you achieve the ultimate game room you have always dreamed of.\n\n\n1. Setup the room\n\n\n\n\nIf you don\u2019t have the luxury of choosing any space in the house and have to settle for either the basement or a store room, it doesn\u2019t mean it has to look like one. Firstly, install an air-conditioning unit so you will always be comfortable whenever you are in the mood to game.\u00a0Then you can either paint the walls to a favourite shade or slap on some wallpapers.\n\n\n2. Equip the room\n\n\n \n\n\nTime to go shopping for the perfect desk and an ergonomic chair if you don\u2019t have existing ones lying around. If you have any collectibles that you would like to finally put on display, it\u2019s best to get a shelf so you can flaunt it all to the world.\n\n\nBesides that, another thing to consider if you might spend long hours in this room, get a mini refrigerator. If you have a gaming console, you might want to get a futon sofa bed to fit more than one person when you have company over.\n\n\n3. Moving in your most valuable assets\n\n\n\n\n\n\n\n\nThis is the best part! It\u2019s time to bring in your toys and arrange them how ever you like. Of course with all the electronics, the PS4, XBOX, sound systems, three screen monitors and etc, there will be a lot of cables. Be sure you neatly tuck where those cables so no one trips over one during an exciting game.\n\n\n4. Decorate!\n\n\n\n\nLast but not least, decorate! This includes your figurines and other collectibles such as posters. Absolutely love how these items can double up as a decor item for a gaming room. Arrange them accordingly so they all can be in proper view.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome and living\nHome improvement\ninspiration\nInterior\nInterior design\nMoving\nNew home\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nViewing properties with VR\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Property tax savings you should know\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/11/5-property-tax-savings/", "title": "5 Property tax savings you should know", "body": "\n\n1. RPGT (Real Property Gains Tax) \u2013 Wait it out!\n\n\n\n\nBy now you should know understand a thing or two about RPGT. If not, do a quick google search, and you will find out more about it. The table above will give you some insights into understanding how much will you be taxed if you dispose your property. A hint, it\u2019s got something to do with timing. Generally, anything after 5 years is tax free for Malaysians with a residential property and 5% tax if you\u2019re a company or a non-citizen.\n\nIf you\u2019re a citizen or a PR holder, you\u2019re entitled to a further tax relief of RM10,000 or 10% of the chargable gain whichever is a greater accrue to an individual.\n\n\n2. PASS GO NOW\n\n\n\n\nDid you know as Malaysians, you\u2019re entitled to waive off RPGT at least once in your life? Be sure that the property is in your name, and not joined with your partner. Otherwise you and your partner would waste it on only one property disposal and not two.\n\n\n3. Furnishing / Renovation\n\n\n\n\nFurnishing or renovating your home can be considered as part of your cost against RPGT, but you have to make sure that the items in the house goes with the sale (what you\u2019re claiming for). So keep those receipts and invoices from your interior designer and contractors. It will contribute to lowering taxes if you\u2019re thinking of selling your property within the 5-year window.\n\n\n4. GST: Commercial VS Residential\n\n\n\n\nThings have been unclear for those holding on to Commercial properties. According to\u00a0\ncustoms\n,\u00a0if a person owns more than two commercial properties or land (more than one acre combined) with a market value of more than RM2mil and has an intention to sell, they are considered to be in business. Thus, a 6% GST fee will be implemented and the owner will need to apply for a GST number.\n\n\nDoes this mean that if I have two properties and I\u2019m on the verge to buying the 3\nrd\n, but I am selling off one of my earlier properties means that I am free from GST? Maybe, it\u2019s possible after fulfilling certain criteria.\n\n\nIf you own a residential property, you don\u2019t have to pay GST \u2013 there\u2019s RPGT for that.\n\n\n5. Keep it within the family\n\n\n\n\nTax can be avoided if any property transfers that happen between immediate family members / spouses ie. Transfer by way of gift between husband and wife, parent and child, or grandparent and grandchild, provided that the donor is a citizen and the gift is made within five years after the date of acquisition by the donor.\n\n\nThis post is brought to you by Bumbung.\n\n\nSell or rent out my property now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nfinance\nHome\nproperty\nreal estate\nselling\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSteps to create the ultimate game room\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n3 Interesting cafes in PJ to get your craving fix\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/14/3-interesting-cafes-in-pj/", "title": "3 Interesting cafes in PJ to get your craving fix", "body": "\n\nThose with a sweet tooth and is in need of a caffeine fix can head over to one of these cafes in PJ. Each has their own speciality and unique interior.\n\n\nAdd this to your list the next time you are planning to do some cafe hopping in PJ with friends.\n\n\nJam & Kaya Cafe\n\n\n\n\nNow, if you are prepared for a bit adventurous treasure hunting, this \nhidden gem cafe\n is the one (pun intended). This cafe is secluded from the hustle and bustle of PJ, looking for it is half the fun. Here\u2019s a hint, it\u2019s located within PJ Palms Sports Centre compound. It looks like a quint little cottage in the middle of the field. Jam & Kaya cafe specialised in hearty brunches like shashuka-style baked eggs and fluffy pancakes.\n\n\nMadHatter Desserts\n\n\n\n\n\n\nLooking for something extraordinary? You have come to the right place. This \ncafe\n offers a range of very intriguing desserts such as Passionfruit and Miso Tart, Chocolate and Calamansi Cake, Assam Melon Tart and more! The other interesting thing about this cafe is that it is founded by Masterchef Asia Runner-up Season 1, Marcus Low. He was dubbed the \u201cDessert King\u201d by the judges on the reality tv show, so you can expect a mouthwatering experience here.\n\n\nBean Brothers\n\n\n\n\nWho know else takes their coffee very seriously? The Koreans. We kid you, not. This cafe is a Korean-operated \ncoffee bar \nwith secluded within Sunway Damansara. It\u2019s a two-storey warehouse space that is delicately designed, each corner of the cafe is Instagram-worthy. While they serve milk based coffees like latte and cappuccino, you should really try their hot or iced long black. to fully savour the coffee beans.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nCity living\nlifestyle\nliving the city\nSelangor\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Property tax savings you should know\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nLand Title Types in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/18/land-title-types-malaysia/", "title": "Land Title Types in Malaysia", "body": "\n\nLand titles in Malaysia differs from other countries and should be clarified before even considering a property purchase. You should be aware of the different types of land titles to the properties you are buying. Why is this important? Property value could be affected by it and certain type of restrictions might be imposed on the land/property making it harder to transact the land/property.\n\n\nGenerally, the land/properties in Malaysia are catergorised into \nfreehold\n, \nleasehold\n and \nMalay/Bumiputra reserve\n. These 3 types of land itself can either have an \nindividual or strata title\n, which the differences will be discussed in my next article.\n\n\nWe will first look at the 3 main categories of land/properties:-\n\n\n1. Freehold Land/Properties\n\n\nAs the name clearly suggests, lands/properties which falls under this category would be able to be held by the owner indefinitely which could be seen as a more secured asset as the State cannot claim the land/property from the owner. Should the owner wish to transact this type of land/property, there would be much fewer restrictions and limitations as compared to leasehold land/properties.\n\n\nThis would mean that the owner don\u2019t need to apply consent from the relevant state authorities to transfer the land/property to the new buyer or when charging the land/property to a financier. Therefore, the process of transferring or charging a freehold land/property would be speedier. As such freehold lands/properties are said to be more favorable amongst investors.\n\n\nHowever, do take note that there are certain areas within the Klang Valley although is categorized as a freehold land/property but is still subject to a \u201crestriction-in-interest\u201d. These type of property will still require the state authority\u2019s consent prior to transferring or charging the land/property.\n\n\n2. Leasehold Land/Properties\n\n\nA leasehold land/property is a land/property which the owner is leasing from the government for a fixed duration. It will be stated on the title deed and most commonly for a period of 99 years. These lands/properties would also come with obvious restrictions stipulated on the title deed on what can and cannot be done. Therefore, it is really important for buyers to check what the remaining lease period is and what are the restrictions stipulated on the title deed for the land/property.\n\n\nAlthough the duration of the lease is stated, should one wish to extend the lease nearing to the expirty date, one may do so by making an application to the relevant land office and paying for the lease. The amount could be quite substantial dependent upon the type of property (residential, commercial, agricultural, etc), location, period to be extended and a few other factors and such application for extension is not guaranteed.\n\n\nLeasehold lands/properties has a longer process to sell or transact. A sale and purchase (S&P) transaction for a freehold land/property would normally take an average of 3 months from the date of the\u00a0S&P agreement to complete. For a leasehold, the completion period of the usual 3+1 months would only start from the date the state consent for transfer is obtained from the relevant land office.\n\n\nA fee is payable for the application for state consent and this varies depending on which state the land/property is situated at. The state consent depending on which date can sometimes take up to 1 year to obtain. Therefore, is the real estate market, leasehold lands/properties are less favorable and lower in value compared to freehold.\n\n\n3. Malay/Reserved Land and Bumi Lot\n\n\nPeople often have a common misconception that Malay Reserved Land and bumiputra lot are the same. Malay Reserved Land are lands that can only be owned and held by Malays and transacted between Malays. It will be stated in the title deed as \u201cTanah Rezab Melayu\u201d.\n\n\nA Malay is defined in Article 160(2) of the Federal Constitution of Malaysia as \u201ca person who professes the religion is Islam, habitually speaks the Malay language, conforms to Malay customs AND was before Merdeka Day born in the Federation or in Singapore or born of parents one of whom was born in the Federation or in Singapore, or is on that day domiciled in the Federation or in Singapore OR is the issue of such person\u201d.\n\n\nThe law stipulates that if a Malay Reserved Land can only be released of its classification if there is a piece of land of similar character and size is declared as a replacement (Malay Reservation Enactment).\n\n\nA Bumi Lot on the other hand are units of land or property which can only be purchased and owned by Bumiputeras. However, Bumi Lots may be \u201creleased\u201d and sold to non-Bumis. How? By application for consent to transfer by giving persuasive reasons i.e. financial difficulty, unable to look for Bumiputera buyers etc to the relevant land office.\n\n\nHowever, a Bumi Lot that is released to non-Bumi buyers would not change the classification of that property. It will still remain as a Bumi Lot and if the non-Bumi owner wishes to sell the property, the owner would need to reapply to the relevant land office for consent to transfer.\n\n\nAs the classification of \u201cBumi Lot\u201d are not always stamped on the title deed, it is important for the buyer to get their lawyers to conduct a search on the title deed to find out.\n\n\nNow that you are aware of the classifications of the lands in Malaysia, do take precautions by getting your lawyer to check and conduct due diligence on the land/property to ascertain its classification prior to purchasing the land/property.\n\n\n\u00a0\n\n\n\u201cCarmen Tham is a lawyer and she is actively involved in real estate legal work.\n She is the managing partner of Messrs. KEAY & CO.,\u00a0\na boutique firm located in Publika @ Solaris Dutamas with one of their major specialisations in property development, sales and purchase of property, tenancies and real estate disputes\n.\n\n\nIf you have questions that you would like to ask Carmen, please feel\u00a0free to drop her an email at\u00a0\nenquiry@keayandco.com\n.\n\n\nDisclaimer: The information here does not constitute legal advice, please seek professional help for your specific needs.\u201d\n\n\nFind your dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\ninvestment\nproperty\nreal estate\nrenting\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n3 Interesting cafes in PJ to get your craving fix\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe fun run in Bandar Rimbayu\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/21/fun-run-bandar-rimbayu/", "title": "The fun run in Bandar Rimbayu", "body": "\n\nIt was a day full of fun, friendship and sportsmanship at Bandar Rimbayu\u2019s Run With Me 2017. The fun run saw 2000 runners from all walks of life getting into the spirit of togetherness. With friends and family by their side as they ran, walked, danced and sashayed to the finish line.\n\n\nHeld for the third time, the 10km run was flagged off at 6.30am at The ARC, Bandar Rimbayu\u2019s show gallery. The Aloha-thon themed run once again focused on the laid-back feel of previous runs, with speed, timing and competition taking a backseat. With positive vibes, good times and camaraderie taking first place, runners embraced the chilled out Hawaiian concept. They took breaks to enjoy watermelon and banana in two stations along the route and quenching their thirst with fruits and coconut drinks after completing the run.\n\n\nThe fun on the road was not limited to lively cheerleaders encouraging participants to reach the finishing line or the bonding between runners with their family members and new friends. Excited runners also took the opportunity to win cash prizes by grabbing themed items from Run With Me volunteers during the course of the run. The first 50 groups consisting of all four family members at the finish line were rewarded with a cash prize of RM200 per group, with a total of RM10,000 given away.\n\n\nWith Run With Me joining in the list of must-go running events in the country since 2015, many fans of the run continue to be a part of the event. However, this time bringing more friends and family with them.\n\n\n\u201cFor this year\u2019s run, we have seen many repeat runners who have joined in our #runwithme events since the beginning.\n\n\nWe are happy that we have so many runners who come back every year to have a glimpse of Bandar Rimbayu\u2019s progress while enjoying themselves in their own way, even creating new friendships along the way\u201d said Susan Teh, Sales and Marketing Senior Manager at Bandar Rimbayu.\n\n\n\n\nEvery participant was presented with a complimentary PUMA t-shirt and a goodie bag filled with a pair of PUMA socks, Munchy\u2019s Oat Crunch samples, Sensodyne toothpaste, Scott\u2019s DHA Gummies and beauty items from FACESHOP. Runners also took home a unique finishing medal that represented this year\u2019s Aloha theme, a symbol for fun, friendship and togetherness. Participants also had the chance to visit the Livia Type A showroom and find out more about Livia Type B homes \u2013 which are now open for unit-selection, after the public\u2019s overwhelming response to Livia Type A homes.\n\n\nBesides giving positive vibes and the opportunity to run with new and old friends, Run With Me also gives the community a chance to embrace a healthy lifestyle, a philosophy Bandar Rimbayu shares with its property owners through various events.\n\n\nThe next exciting event will be Bandar Rimbayu\u2019s Raya \nOpen House\n on 16 July, from 6pm to 9pm at The Arc. Visitors can look forward to enjoying scrumptious festive delicacies; watch a dance performance and a spectacular 12 minute firework display.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nCity living\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nLand Title Types in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nDo you have enough savings to buy a house in Malaysia?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/24/enough-savings-to-buy-a-house/", "title": "Do you have enough savings to buy a house in Malaysia?", "body": "\n\nLooking to purchase a house sometime soon? There\u2019s more to it than simply taking out your cash, getting a loan and paying the seller to purchase.\u00a0There are a lot of costs and upfront payments that you need to consider aside from the monthly mortgage repayment. Here are few costs that you are going to pay at the time you are buying a house.\n\n\nUpfront Payment\n\n\nThe first thing on the list to check whether you have enough savings to buy a house is upfront payment. If you can\u2019t afford the upfront payment, it most likely means you are not ready. Most of the banks in Malaysia offer up to 90% of the property\u2019s price for your first two residential properties. So, you will need 10% cash as the upfront payment. Let\u2019s say you are interested in buying a condo in Petaling Jaya for approximately RM1,100,000, you will need to have a minimum of RM110,000 cash to pay upfront. Let\u2019s not forget there are miscellaneous fees like quit rent and land assessment that you need to bear the cost too. So it\u2019s best to have at least 20% cash savings for the total upfront payment.\n\n\nSale and Purchase Agreement Legal Fees\n\n\nWhen buying a house in Malaysia, Buyer will enter an agreement with Seller, which is Sale and Purchase Agreement. There is a tiered rate for Sale and Purchase Agreement fee. The rate table is as below:\n\n\n\n\nHowever, if the property\u2019s price is over RM7,500,000, you can negotiate for a better rate but it shouldn\u2019t be lower than 0.4%. The professional legal fee is subject to 6% GST and approximately RM1,000 and RM1,500 disbursement fee*.\n\n\nBesides that, the property stamp duty rate is as below:\n\n\n\n\nHere\u2019s an example of Sale and Purchase Agreement fee calculation for an RM1,100,000 property:\n\n\n\n\nFrom the table above, the total Sale and Purchase Agreement Fees for an RM1,100,000\u00a0house are RM37,282 excludes disbursement fee. The disbursement fee* is normally around RM1,000 and RM1,500.\n\n\n*Disbursement fee includes the following:\n\n\n\n\nStamping of Sale and Purchase Agreement\n\n\nBankruptcy/Winding up search\n\n\nCompany search (if applicable)\n\n\nLand search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)\n\n\nRegistration of Transfer at Land Office\n\n\nAffirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment\n\n\nStamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment\n\n\nTransportation\n\n\nPrinting/Facsimile/Telephone/Photocopy charges\n\n\nMiscellaneous charges\n\n\n\n\n(Sources)\n\n\nLoan Agreement Fees\n\n\nThere are legal fees for house loan agreement as well. The tiered rate for legal fees, GST and disbursement fee are the same with Sale and Purchase Agreement. While the property stamp duty is 0.5% of the total loan amount. Here\u2019s a sample calculation for 90% loan of an RM1,100,000 house:\n\n\n\n\nFor a loan amount of RM990,000, you will have to pay RM14,490 legal fees and RM1000-RM1500 (estimated) disbursement fees.\n\n\nValuation Fee\n\n\nIf you purchased a sub-sale property, a formal valuation report is needed to be submitted to the financing bank. Here\u2019s how the valuation fees calculate based on the property you purchased:\n\n\n\n\nFor awards greater than RM1,000,000, the fee shall be a minimum of RM3,500 plus the fee based on the following rate:\n\n\n\n\nSource\n\n\nTherefore, for an RM1,100,000 property, a valuation fee of RM6,140 (approximately) is needed. However, the valuation fees are for reference only. It may vary with actual valuation fees due to other disbursement and GST. If you need more details about the valuation fees charged by the valuer, you can always ask for the breakdown of the valuation fees.\n\n\nOthers\n\n\nLastly, after all those costs mentioned above, don\u2019t forget that you still need a certain amount of money for your moving fees and also new furniture if you needed. For moving fees, you can use \nTheLorry\n\u2018s service as they offered a reasonable price and good service. For the furniture part, the amount really depends on your own requirement and also your affordability.\n\n\nFinal Thought\n\n\nSo, when purchasing an RM1,100,000 sub-sale property, you need to prepare approximately 20% of that sum\u00a0upfront. If you don\u2019t, best to start saving up.\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nfinance\nHome\ninvestment\nNew home\nproperty\nreal estate\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe fun run in Bandar Rimbayu\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nAffordable Housing Fair\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/07/27/affordable-housing-fair/", "title": "Affordable Housing Fair", "body": "\n\nPeople looking to own affordable homes can visit the \u2018Affordable Housing Carnival-Malaysia Property Expo\u2019 (MAPEX) from August 11 to 13 at the Shah Alam Convention Centre.\n\n\nThe \ncarnival\n\u00a0is organised by the Real Estate and Housing Developers\u2019 Association\u00a0(\nREHDA\n) as well as the Ministry of Urban Well-being, Housing and Local Government (KPKT).\n\n\nMAPEX Committee chairman Datuk Ng Seing Leong said the three-day carnival would offer a wide range of properties with attractive promotions besides focusing on showcasing affordable housing priced below RM500,000.\n\n\n\u201cProperties with special Bumiputera discounts will also be showcased during the carnival,\u201d he said.\n\n\nNg is also the patron of REHDA. He said that he was confident that with the tremendous support from developers, government agencies as well as financial institutions, MAPEX would continue to be the right platform that connected buyers to their dream homes.\n\n\nMore than 60 developers, government agencies as well as financial institutions would participate in the carnival.\n\n\n\u201cREHDA is honoured to work with KPKT in organising this carnival as part of our efforts to encourage home ownership,\u201d he said, adding\u00a0that Prime Minister Datuk Seri Najib Tun Razak and Urban Well-being, Housing and Local Government Minister Tan Sri Noh Omar had been invited to grace the carnival on August 12.\n\n\nHe also said that there would be various activities throughout the three-day carnival and attractive prizes to be won.\n\n\nVisitors will also get the chance to acquire property tips from renowned industry experts at the property talks.\n\n\nThis article was first published on \nBERNAMA\n.\n\n\nFind my dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nbuying\nHome\nKL\nKuala Lumpur\nNew home\nNews\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nDo you have enough savings to buy a house in Malaysia?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSATORI is Malacca\u2019s first wellness-themed mixed development\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/01/satori-first-wellness-themed-development/", "title": "SATORI is Malacca\u2019s first wellness-themed mixed development", "body": "\n\n\n\n\n\n\n\nMelaka Chief Minister Datuk Seri Utama Ir. Haji Idris bin Haji Haron unveiled today SATORI, the state\u2019s first wellness-themed mixed development in a ground-breaking ceremony that drew over 200 guests which included Government Officials, corporate leaders and Melaka\u2019s top echelon. The project is developed by the Singapore Exchange listed, multi-award winning \nHatten Land Ltd\n. It has\u00a0an estimated gross development value of RM300 million.\n\n\n\n\n\n\n\n\n\n\nAn influx of local and foreign investors, media partners and industry influencers converged at the Hatten ICON Gallery at Level One of Hatten Square to witness the launch of the major game-changer in Melaka\u2019s burgeoning economy. SATORI, an eye-catching \ndevelopment\n set in the heart of the historical city with a gross floor area of about 570,400 square feet. The building will consist of 192 serviced suites, an 85,250 square feet retail mall with an adjoining car park with 457 lots, a 336-room hotel and more than 50 world-class facilities.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSATORI, which means \u201cenlightenment\u201d in Japanese, goes beyond just bodily health. It is a haven of all-round, holistic wellness which combines the elements of physical, psychological as well as spiritual well-being, personalised to suit the specific needs and goals of each visitor.\n\n\n\n\nCategorised into fitness, beauty, leisure and overall well-being, these are just a few of the more than 50 facilities housed in SATORI:\n\n\n\n\nOne-stop fitness & aqua gym\n\n\nHealth food outlets\n\n\nYoga rooms / Ariel yoga\n\n\nSea salt spa & mud baths\n\n\nBeauty & hair care\n\n\nMeditation Hall\n\n\nInfinity pool, sky lounge & cabana\n\n\nBBQ area & hammock chairs\n\n\nHerb garden\n\n\nRed indian play zone\n\n\nBeanbag theatre\n\n\n\n\n\n\n\n\n\n\n\n\nAdditionally as an investment, SATORI will carve a niche in the multi-billion dollar global wellness-tourism market by making a definitive statement in the wellness sector. A one-stop, wellness-leisure destination, set in a city which hosts 16 million tourists a year due to its rich historical heritage, SATORI creates opportunities for investors to capitalise on Malaysia\u2019s growing potential for wellness tourism.\n\n\n\n\nDato\u2019 Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: \u201cSATORI seeks to offer a clear differentiation by making a strong statement on the wellness theme. Pioneering a new holistic wellness niche in Melaka, SATORI is the only one of its kind to combine health, fitness, beauty treatments, leisure as well as homes and a hotel, all in one vibrant destination. Furthermore, SATORI\u2019s brilliant composition of facilities, residences and accommodation meets the aspirations of an increasingly sophisticated market which seeks quality wellness and health services.\u201d\n\n\n\u201cMoreover, SATORI\u2019s proximity to Hatten Land\u2019s iconic Hatten City, and major developments such as the deep sea port, cruise terminal and Kuala Lumpur-Singapore High Speed Rail position this project for future growth in one of the most important cities along peninsular Malaysia\u2019s west coast straddling the Straits of Malacca, one of the world\u2019s busiest sea lanes,\u201d he added.\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nbuying\ninvestment\nMarket news\nNew home\nNews\nproperty\nreal estate\nurban development\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nAffordable Housing Fair\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nFrame Your TV as a Piece of Art\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/03/frame-tv-piece-art/", "title": "Frame Your TV as a Piece of Art", "body": "\n\nTelevisions today have transformed into works of art. As consumers focus more on design aesthetics, the entertainment staple has turned into a stylish overhaul to fit seamlessly into any lifestyle and routines. With an effort to make your television customisable to your space, \nSamsung\n Malaysia Electronic is proud to unveil The Frame in Malaysia.\n\n\nThis \nnew lifestyle TV\n beautifies any living space, and is designed to live in harmony with the homeowner\u2019s interior d\u00e9cor. Pushing the boundaries of traditional TV, The Frame provides homeowners more than just a screen to enjoy their favourite entertainment programme; it is also a statement piece likening the home to an upscale art gallery.\n\n\nDuring the launch, local interior designers demonstrate how the new TV blends beautifully into any living space.\n\n\n\u201cAt Samsung, we believe that design starts with people \u2013 who they are, what they love and how they live. Within the home, technology is very personal and we wanted to make sure we gave users a product that is customisable to their lives. To showcase the integration of art, design and technology, we are pleased to collaborate with interior design firms such as Nu Infinity, Santa Fe Interior Architecture and Surface R to demonstrate how seamless and effortlessly The Frame fits into any d\u00e9cor \u2013 be it modern contemporary, industrial or minimalist,\u201d said Jimmy Tan, Head of Consumer Electronics, Samsung Malaysia Electronics.\n\n\nThe Frame\u2019s line-up includes 55-inch and 65-inch models. Instead of fading to black like a conventional TV, The Frame display transforms into bespoke work of arts when powered off. Through its Art Mode feature, The Frame can display 100 exclusive works of art by 37 renowned designers or precious family photos. All of which can easily be controlled via smartphone application. This easily adds a personal and emotional touch to homeowner\u2019s living space.\n\n\nThe display is equipped with a brightness sensor, which allows customisable displayed contents on-screen to adjust to the natural levels of light that are in the room. It also gives the appearance of a picture frame on the wall. The Frame enhances the ambiance and d\u00e9cor of any living space. It consists of customisable frame options including Walnut, Beige wood and White. This feature provides users the flexibility to match their TV to their interior.\n\n\nFinally the set-up process is also simpler than ever. It only requires 15-minutes to mount the TV and allows for easy adjusting once positioned on the wall. The No Gap Wall-mount has a universal mount system built into the back of the TV, which positions it flush against the wall when mounted. That will allow it to look like a real picture frame. Thanks to its Invisible Connection, The Frame can be mounted just like a picture frame or painting without messy cables.\n\n\nSamsung\u2019s elegant The Frame will officially make its debut in Malaysia on 15\nth\n August 2017. The recommended retail price of RM14,999 for the 65-inch model and RM9,999 for the 55-inch model.\n\n\nSell or rent out your home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\nMarket News\n \n\n\n\n\nTagged\n\n\nDecors\nDesign\nHome\nHome and living\ninspiration\nInterior\nInterior design\nNew home\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSATORI is Malacca\u2019s first wellness-themed mixed development\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat's what in Malaysia's real estate\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/07/malaysia-real-estate/", "title": "What\u2019s what in Malaysia\u2019s real estate", "body": "\n\nReal estate can be a rather challenging topic to handle. The years spent in \nSejarah\n (History) and \nPendidikan Moral/Islam\n (Moral/Islamic Education) classes have best prepared us for everything else applicable but not the works of real estate. In fact, most of the subjects in high school and university don\u2019t even expose an individual to the world of real estate! Therefore, owning a house or even renting one can be vexing for many. The amount of research one must do is nauseating, especially when he or she doesn\u2019t know much. This article is a simple guide to the basics on knowing real estate for a total newbie.\n\n\nTypes of Residential Building\n\n\nAn ideal home can have different interpretations. What homes are we talking about? Are we talking about landed properties or high-rise buildings? There are many different types residential property to consider. As it all boils down to one\u2019s budget, so choose wisely within your financial means.\n\n\nHere\u2019s a simplified list of the local varieties of residential buildings available in Malaysia :\n\n\nTerraced Houses\n\n-1500-3000 sqft (3/4 bedrooms 2/3 bathrooms)\n\n-Houses share a wall with the adjoining property.\n\n\nTownhouses\n\n-Similar to terraced houses but bigger in area\n\n-Available in more luxurious areas with build-in communities\n\n-Has basic facilities such as swimming pools, tennis courts, etc.\n\n\nSemi-D (Semi-detached)\n\n-2200-4000 sqft (4/5 bedrooms 4/5 bathrooms)\n\n-Houses are joined on one side to another property, combining two homes to make up one building.\n\n\nBungalows\n\n-4000 sqft upwards\n\n-Detached standalone house with own land\n\n\nApartments/Flats\n\n-700-1000 sqft (3 bedrooms 2 bathrooms)\n\n-Housing units within a large building structures owned by developers\n\n-Apartments have basic facilities like swimming pool, gym, security systems\n\n-Flats are more affordable, but sacrifices the basic facilities\n\n\nCondominiums\n\n-1200-1600 sqft (3 bedrooms 2 bathrooms)\n\n-High end apartments.\n\n-Deluxe facilities like game room, sauna, tennis court, etc.\n\n\nStudio apartments\n\n-500 sqft (1-bedroom 1 bathroom)\n\n-Single living units for individuals/couples\n\n-Limited space\n\n\nTypes of Land Titles\n\n\nBeing a limited resource, land is one of the most prized assets one can own. Land value matures over time, enabling people to accumulate wealth long term. In Malaysia, the powers to dictate the land possessions is invested in the power of the State. Land titles are categorized into a few main categories, freehold, leasehold and Malay/ Reserved land and Bumi lots.\n\n\nFreehold titles means that an individual gets\u00a0total ownership, with the developers owning the land and transferring it to the buyer. It is the more preferred option to the general masses. Whereas, leasehold are land titles where the developers lease or \u2018loan\u2019 from the government to the individual. This takes a longer time to process as it requires state approval and the tenure would account anywhere from 50-99 years. Leaseholds are lower in value due to more restrictions as compared to freehold titles. As the name suggests, the final category belongs and is owned by the bumiputera group and individuals of Malay ethnicity. \nLearn more\u2026\n\n\nTypes of Furnishing\n\n\nAll landed properties and high-rise buildings come with an option of bare, unfurnished, semi-furnished and fully furnished. Bare means a newly built house with no addition renovations from the developers. Meaning to say, it\u2019s a naked house with no tiling, no doors, no wiring, nothing. An unfurnished property on the other hand means is the final unit delivered to the buyer, with tiling, internal wiring, doors, fitted kitchen and sinks and painted walls.\n\n\nSemi-furnished properties are an ambiguous case as Malaysians have a different perceptions of what is defined as being partly furnish. Although it is agreeable to a certain extend it is unfurnished and has some items inside the place, there is no standardized consensus to what a semi-furnish property actually means. It can range from 1-2 furniture with ceiling fans, to basic cabinets and air-conditioning in every room, to rooms with many furniture, including a TV and washing machine, but no mattresses. Therefore, to ensure the full worth of the property, please schedule a visit with your agent to inspect these claims.\n\n\nLastly, furnished properties are completed housing units with furniture, electrical appliances and necessities. An individual only needs to settle themselves in after closing the deal, without purchasing extra appliances.\n\n\nConclusion\n\n\nReal estate and properties is a tough subject to handle. However, being prepared and aware of the rights one has, it is possible to achieve the best results and maximize total gains for any individual.Now that you have gained an overview on real estate in Malaysia Equip yourself with more knowledge and ensure you get the best of everything.\n\n\nStay tuned to our blog for the latest information and articles to buzz up your world!\n\n\nThis post is brought to you by Bumbung.\n\n\nFind my dream house today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nDream house\nHome\nproperty\nreal estate\nrenting\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nFrame Your TV as a Piece of Art\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nFinancing your real estate - Home loans (Part 1)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/10/financing-real-estate-home-loans/", "title": "Financing your real estate \u2013 Home loans (Part 1)", "body": "\n\nPurchasing a home is a costly affair. In fact, it can probably be one of the biggest financial decisions of your life. The idea of owning a comfortable place to occupy is bliss to many, yet when preparing to dive into the chaotic financial side, many are left lost and confused. This three-part article will help introduce to you on mortgage terminologies, basics of conventional home loans, and how best to choose the plan suited for you and some basics of Islamic home loans.\n\n\nA simple home loan scenario :\n\n\n The bank evaluates and determines the type of loans eligible for the individual. As banks use different methods to calculate your worthiness, it depends on the bank itself and how they recognise the individual.\n\n\nThe bank evaluation of the individual is called \ncredit score\n review, which determines your eligibility (with respect to salary, debt servicing ratio, risk profile, property and etc).\n\n\nAfter the approval, the bank lends\u00a0a certain amount of money to the borrower to purchase the\u00a0desired assets. The individual will then use the borrowed money to pay a certain amount of the house value after they pay the initial amount needed to onset the home.\n\n\nWhen buying a home, the bank loan will only cover a certain amount of the house value. This is called \nmargin of finance\n. Usually for first-time home buyers, they are able to get up to 90% loan of the total house value. The total amount the bank loans is termed \nprincipal amount\n. The remainder sum of 10% is called a\u00a0\ndown payment\n. A down payment is usually paid using\u00a0the individual\u2019s own savings. The duration of which the individual has to repay the bank is termed \ntenure\n.\n\n\nFor example, Ah Kaw has borrowed RM450,000 from HSBC Bank to finance his mortgage of RM500,000. His annual interest is 4.35% over the next 20 years, therefore his monthly payment estimation is\u00a0RM2810.62. Make sense now?\n\n\nOn a side note, \nlock-in period\n refers to the length of time where you\u2019ll incur an exit penalty if you choose to fully pay off the loan at hand. For example, if you borrowed RM50,000 with a lock-in period of 3 years, you will pay a penalty of 3-5% for wanting to opt out early by\u00a0paying the loan in full.\n\n\nThe agreement between the individual and the bank is to repay the money, compounded with interest structured by the bank.\n\n\nBanks in Malaysia uses the \nBase Rate (BR) system\n, which determines their interest rates based on their own efficiency. This is different from the previous system called \nBase Lending Rate (BLR)\n,\u00a0which the interest rates are predetermined by Bank Negara. As such, customers are unable to borrow below the value of the base rate.\n\n\nFor example, Public Bank has BR of 3.52%. However, the amount the individual must focus on would be the \nEffective Lending Rate (ELR),\n which has the connotation of \u2018+x%\u2019. So if Public Bank has a BR of 3.52% and an interest of \u20181.1%\u2019, the total ELR would be 4.35% per annum.\n\n\nFor more information on base rates and effective lending rates, read this article from \niMoney\n. Also, calculating all these data and numbers can be quite confusing. Banks use the \nreducing balance method\n for mortgage loans. This method is preferred due to the interest calculated being charged only on the outstanding amount of the loan. The interest compounded is minimal as compared to the simple flat interest rate.\n\n\n\n\nAll these terminologies are rather confusing at first, especially when doing your own research in regards to home loans. However, all these information are important as it will affect the types of conventional loans that will be explained in \nPart 2\n of this article. The more you know, the better your financial judgement becomes!\n\n\nThis post is brought to you by Bumbung.\n\n\nFind your dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nfinance\nHome\ninvestment\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat's what in Malaysia's real estate\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMain Financing options - Home loans (Part 2)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/15/financing-options-home-loans-2/", "title": "Main Financing options \u2013 Home loans (Part 2)", "body": "\n\nThe previous article on Home Loans help shed light on the glossaries and some mechanisms of conventional home loans. \nHowever, there are a few different methods of repaying back loans. This article will guide you through the main conventional home loans in Malaysia, followed by the pros and cons.\u00a0 Three main types of loans are normally considered when purchasing home in Malaysia. \n\n\nBasic Term Loan\n\n\nBasic Term Loan (BTL) is a traditional loan scheme that has a definite monthly repayment system based on either a fixed or floating interest rate, which the individual must pay within the stipulated time period. This was a common method back in the days. This benefits people with steady incomes and long-term jobs. It is even attractive for some people due to the low interest rates. However, the downside of this loan is that the individual is unable to pay more than the stipulated sum. \n\n\nFor example, Ah Beng has to pay back RM2,300 monthly for a RM300,000 loan. One day, he sues a man and gets paid hundreds of thousands. He finally has the financial capability to pay RM200,000 immediately. However, BTL will disregard such transactions and the money deposited will be used as a pre-payment for the upcoming payments as agreed by the bank and the individual. Due to the rigidity and strictness of the structure, Ah Beng has to keep on paying RM2,300 until the end of the term. \u00a0\n\n\nSemi-Flexi Loan\n\n\nSemi-Flexi Loans (SFL) is a revised and more preferred loan as compared to the primitive BTL. \u00a0Individuals could deposit additional payments and reduce the overall loan amount. For example, Ah Beng loans RM450,000 and has to pay a monthly payment of RM2810 for the next 20 years with an interest rate of 4.35%. Suddenly, Ah Beng wins the Toto lottery and decides to pay back RM300,000 immediately by banking that amount into his account. Now, the bank only charges interest for the remaining loan of RM150,000! \n\n\nThis is considered a more desirable option because it provides more flexibility and freedom to pay back loans. Other than making advance payments to lower loan interests, banks have allowed borrowers to withdraw any additional money paid ahead of schedule for emergency purposes. However, do note that it requires processing fee (RM50-RM100) and some processing time. Also, not everyone can win Toto like Ah Beng, so please bear in mind that this is when you have readily available cash. \n\n\nFlexi-Loan\n\n\nFlexi Loan (FL), as the name suggest, provides a flexible and free range option for the borrower to withdraw and deposit into the loan account without incurring any additional charges or procedures. It operates with shorter tenures and savings on interest. This is possible by opening a Current Account and binding it towards the loan. The installment amount is scheduled monthly from the Current Account, while the additional money inside the current account reduces the principal amount owed. For example, Ah Beng takes a FL of RM500,000 and inherits a large sum of cash from his deceased relative. He parks RM450,000 inside the linked current account and saves interest rates on that RM450,000. Meaning to say, he has only needs to pay for the remaining RM50,000 interest! \n\n\nAlthough it sounds beneficial and ideal, there are a few downsides. Firstly, the banks charge a monthly maintenance fee (RM5-RM10) for the current account. Assuming you are taking a 10-year period to return the money, you have fork out RM1200 extra for this. Besides that, interest rates for SFL and BTL have lower interest rates as compared to FL. Due to the nature of FL, many banks are unable to offer this option. \n\n\nLoanstreet\n has listed out useful types loan calculators for more prediction and estimation on home payments.\n\n\nVerdict?\n\n\nAs SFL and FL offers amazing flexibility, BTL might have lower interest rates and offer better renumerations. There are many banks offering amazing loans at low interest rates nationwide. \nRinggitPlus\n and \niMoney\n has listed the desired options for you to research and compare. Yet, despite all the free and readily available tools, weigh your options and consider the future and your financial capabilities. Not everyone can be like Ah Beng, where he can sue, inherit and strike a Toto lottery, so be careful with your options and choose wisely!\n\n\nThis article is part of a 3 section guide. \nPart 1\n explains the basic structure of home loans while. Read on for \nPart 3\n comprising of the different Islamic home finances in Malaysia.\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nbuying\nfinance\ninvestment\nNew home\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nFinancing your real estate - Home loans (Part 1)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nLand ownership - Master Title, Strata Title and Individual Title\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/18/land-ownership-title/", "title": "Land ownership \u2013 Master Title, Strata Title and Individual Title", "body": "\n\n-Written by Carmen Tham-\n\n\nA title is a legal document which records the ownership of a land/property. It will also contain other information such as mortgages, caveats, restriction-in-title, land use and etc.\n\n\nMaster Title\n\n\nDuring the construction and development stage, developers usually hold that entire piece of land in the form of a Master Title. Under the master title, the developer is the land owner and holds all the rights to deal with or transact the land i.e. developing or selling it. As all properties built falls under the Master Title, the developer sells the properties to individuals by way of an assignment of rights to the specific property pending the issuance of the strata/individual title.\n\n\nAs the houses or apartment units which are built on the land are sold off individually and separately, typically the Master Title would be subdivided by the developer into multiple smaller titles known as strata title for high-rise buildings and individual title for landed properties.\n\n\nIndividual Title\n\n\nAll the landed properties like terrace houses, superlinks, bungalows, Semi-detacheds and etc will have separate land holders registered under individual titles. Alike the strata title, the individual title records the ownership, restriction-in-title, caveats and etc. The issuance of individual titles are generally speedier than strata titles.\n\n\nHowever, do also note that there are some landed properties which shares common facilities (usually houses in gated and guarded community schemes) is considered as strata title. In order to ascertain whether the landed property will be issued an individual/strata title, the purchasers are advised to check with the developers or agents on this prior to purchasing the property.\n\n\nStrata Title\n\n\nStrata titles are issued to owners of high-rise buildings (e.g. condominiums, serviced apartments, offices, retail complexes and etc) which specifies the ownership details, area of the particular unit and accessory parcel (e.g. carpark bays assigned under the Sale and Purchase Agreement).\n\n\nPreviously, it takes up to several years for owners of high-rise properties to obtain their strata title as the developer would only apply for the separate strata titles after the building is completed. However, under the new Strata Title (Amendment) Act 2013 which came into force on the 1\nst\n of June 2015, the landowner/developer is required to apply for the separate strata titles within 3 months upon the completion of \u201csuper structure\u201d. The strata title is to be registered prior to the handover of vacant possession to the purchasers by the developer. The \u201csuper structure\u201d stage is whereby the walls between the different parts of the buildings are completed, which renders it necessary for the measurements of the particular unit, the common property and etc.\n\n\nOnce the strata title has been issued, the purchasers will need to execute the transfer form (Form 14A) of the strata title within 30 days (previously 12 months) from the date of notice of transfer of strata title being served to the purchasers by the proprietor/developer or from the date of purchase of the property (whichever is later).\n\n\nAdditional fees\n\n\nThis is the stage where the purchasers would need to fork out a large sum to pay for the ad valorem stamp duty on the property transfer which is calculated as follows:-\n\n\nFirst RM100,000.00 \u2013 1%\n\nNext RM400,000.00 \u2013 2%\n\nThereafter \u2013 3%\n\n\nE.g. The stamp duty of transfer for a RM600,000.00 property would be calculated as follows:-\n\n\nFirst RM100,000.00 x 1% \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0= RM1,000.00\n\nNext RM400,000.00 x 2% \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0= RM8,000.00\n\nBalance RM100,000.00 x 3% \u00a0 \u00a0 \u00a0 \u00a0 \n= RM3,000.00\n\nTotal stamp duty \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\n= RM12,000.00\n\n\nOwners of strata properties will be subjected to the payment of maintenance and sinking fund charges imposed by the Joint Management Body or Management Corporation. The maintenance charges are calculated proportionate to the share units of the owner\u2019s parcel, which is the main and accessory parcels.\n\n\nSinking funds payable by the owners of strata properties are usually 10% of the total amount of maintenance charges. This serves as reserve funds for future expenditures, which are less predictable and could cost more than the usual maintenance charges e.g. upgrading elevators, painting the building and etc.\n\n\nAny defaulters of maintenance and sinking fund charges will be liable to face not only civil; but under the new amended law, may have to face criminal charges and if conviction will face imprisonment up to 3 years or fine up to RM5,000.00. Therefore, this is not something to be looked at lightly and it is strongly advisable to pay for your maintenance and sinking fund charges on time.\n\n\nIMPORTANT NOTE: It is advisable to have a sub-divided strata title being transferred to your name as most banks will not finance a property if it is still on the Master Title 10 years after completion of the development. Apart from that, all transaction of the properties under Master Title must be approved by the developer and this will pose a problem/delay if the developer company is being wound-up.\n\n\n\u00a0\n\n\n\u201cCarmen Tham is a lawyer and she is actively involved in real estate legal work. She is the managing partner of Messrs. KEAY & CO.\n,\u00a0\na boutique firm located in Publika @ Solaris Dutamas with one of their major specialisations in property development, sales and purchase of property, tenancies and real estate disputes\n.\n\n\nIf you have questions that you would like to ask Carmen, please feel\u00a0free to drop her an email at\u00a0\nenquiry@keayandco.com\n.\n\n\nDisclaimer: The information here does not constitute legal advice, please seek professional help for your specific needs.\u201d\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nHome\ninvestment\nproperty\nreal estate\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMain Financing options - Home loans (Part 2)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nReal Estate Agents 101\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/23/real-estate-agents-101/", "title": "Real Estate Agents 101", "body": "\n\nWhen researching on a certain product or delving into a topic, we usually will consult experts and people of rich experience. Likewise, having a realtor is a wise decision when purchasing your next real estate or property. In Malaysia, there is a prevailing problem of individuals that impersonate as professionals and scam people of their money. Bogus agents and fraudsters have been scamming people of their money. They are people of great communication skills, exaggerating their specialisation, and a flawless website to promote their services. The EdgeProperty has estimated 101 cases of \nreal estate frauds\n in 2016, scamming millions from people. This article will help identify legitimate real estate agents and how to deal with them.\n\n\nWhen dealing with a third party to scout homes, ensure that the individual and company is registered. All individuals that are offering any property (land or building) for sale, rent or lease, or any individuals offering to purchase, rent or lease any property MUST be recognised by \nThe Board of Valuers, Appraisers and Estate Agents Malaysia\n (BOVAEA). BOVAEA is the body that regulates valuers, property managers and estate agents in Malaysia. They have the power to recognise, punish and even prescribe the fees for the real estate agents. Regardless of the many titles such as \u201cReal Estate Negotiator\u201d, \u201cReal Estate Agent\u201d and etc, ALL must be registered with BOVAEA. Those who are not can be fined, not exceeding RM300,000 or imprisonment for a term not exceeding 3 years or both. (Do report to your local authorities or BOVAEA if you happen to encounter one!)\n\n\nTypes of Real Estate Agents\n\n\nThere are typically two types of people you will meet, a real estate agent and a real estate negotiator. \n\n\nReal Estate Agent (REA)\n\n\nReal Estate Agent (REA)\n are the individuals responsible for providing a service in buying, selling, leasing properties for clients. They are fully certified and registered under BOVAEA, being recognised and even allowed to open up their own agency. Becoming a REA is no easy task as it may take up to several years. \nEduAdvisor\n has given a simple guideline of what it takes to be one. These individuals have to undergo a stringent process, so hard in fact that there is even \na shortage of REA\u2019s in the country\n! \nBOVAEA has set a list diplomas and degrees they recognised\n, but even after studying, they must sit for 12 papers over a two-year period and undergo two years of post-practical training under the supervision of a registered REA firm.\n\n\nTo avoid being scammed, ensure these few things. Firstly, they have to complete the process of being a REA. Many are either in the process or have their licenses suspended, so it important to ensure this. Secondly, their REA tag. BOVAEA has issues a standard issued license ID in blue colour, with an E number with 4 digits (E 0000) followed by a hologram certification. Also, the service fee of the REA is maximum of 3% of the sale price of the property, thus nothing more than that should be charged (Agents may also charge additional costs for disbursements such as marketing materials and transport costs. However, customers are notified prior before this.)\n\n\nReal Estate Negotiator (REN)\n\n\nReal Estate Negotiator (REN)\n are salespeople who work for and under real estate agents. REN does not require the level academic qualifications as compared to a REA. They are instead, employed by REA\u2019s to negotiate on behalf and set preceding to the property for the company. To be a REN, \nBOVAEA\n has set out a clear criterion for all interested parties. An individual must be above 18 years old, attached FULL TIME to ONE REGISTERED REA and attend a course by the BOVAEA called Negotiator Certification Course (NCC). REN also have a standard issued tag, it is red in colour and has a 5-digit serial number (REN 00000) followed by a hologram certification.\n\n\nConclusions\n\n\nDespite much awareness from government agencies, many are still falling scams to bogus realtors\u2019 due to the lack of knowledge and experience they have. As real estate is a lucrative money generator, many dive in head first to get a quick buck. These people are taken advantage of their greed and end up being victims for not being careful. Vulcan Post has shared a list of \nproperty scams\n that has occurred throughout the years. As a customer, IT IS YOUR RIGHT to question your REN or REA. Ask for their ID and scrutinise them. Know your rights and buy safely!\n\n\nFind my dream home now!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nHome and Design\n \n\n\n\n\nTagged\n\n\nagent\nreal estate\nrenting\nselling\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nLand ownership - Master Title, Strata Title and Individual Title\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nIslamic Financing: Home Loans (Part 3)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/25/islamic-financing-home-loans-3/", "title": "Islamic Financing: Home Loans (Part 3)", "body": "\n\nConventional home loans operate on a basic principle of gaining profit. Banks loan money, the money is paid back with interests. Like mentioned in the \nprevious article\n, if there is a late payment or if payment is paid before the agreed time, a penalty is charged. As banks want to gain more money through interest, there is another way to leeway all these options. Islamic home financing is a fast growing option here in Malaysia. Unknowingly to many, Islamic home financing is for all regardless of faith and ethnicity. Sometimes, it can even provide a better deal than conventional home loans! This article will explain briefly what is Islamic home financing, its principals and how it operates.\n\n\nISLAMIC HOME FINANCING\n\n\nAs the name suggests, Islamic home financing is based on Shariah laws and its practical application. The main tenant of the sharia law in the financial aspect is that \nriba\n, or interest, \ngharar\n, or speculation, \nharam\n, or unlawful, is forbidden. These concepts are deemed dishonorable and illegal. This means that money has no intrinsic value, thus not allowed creating more money. Therefore, Islamic banks must provide services or products in order to earn profits. Islamic banks implement a simple concept of purchasing on the borrower\u2019s behalf and selling it back to the borrower at profit. Instead of the interest rate being used, \nprofit rate\n is calculated.\n\n(Note. This is why the term home financing is used here rather than loan because a loans generate interests. Profit rate just sounds better and more appropriate)\n\n\nMURABAHAH\n\n\nSome commonly used methods are \nMurabahah\n, \nMusyarakah \nor \nIjarah\n. \nMurabahah\n basically is a cost-plus profit markup, which means buy and sell. You and the bank will enter into a contract where the bank buys the property for you. The bank will then re-sell the property to you at a higher price from the profit rate estimated and then you will pay in the form of installments over a fixed period of time. \n\n\nMalaysian real estate and properties commonly use the concept of \nAl Bai Bithaman Ajil\n. This subset concept of \u00a0Murabahah is based on the deferred payment sale through buying and selling. The bank buys the real estate at an agreed price, while the individual and the bank will determine the tenure and the manner of the installments.\n \nThis will include the actual cost of the home and also incorporate the bank\u2019s profit margin.\n \nThe fixed monthly installments are determined by the selling price, repayment period and the percentage margin of financing.\n\n\nMUSYARAKAH\n\n\nOn the other hand, \nMusyarakah\n translates into a form joint enterprise with the financial institution and the party forms a partnership over the purchased property. All losses and gains are borne by both parties. In Malaysian real estate, the concept of \nMusyarakah Mutanaqisah\n is used, having floating rates in the form of rental. Both parties agree to purchase for a mutually agreed percentage and the one with the bigger share (which is the bank) will rent out the property to the individual for a fee. At the same time, the individual will buy the bank\u2019s share of the property at agreed installments until the full equity is reached. The floating rates are according to the current market rate such as the Base Lending rate and are popular especially in Malaysia.\n\n\nIJARAH\n\n\nIjarah\n is the financial institution leasing the owned property to the lessee. Ownership still belongs to the bank and it is rented to you for a specified period of time with terms and conditions. For real estates and property, transferring property ownership at the end of leasing is possible. The bank will buy the property the individual will buy back the property by paying monthly installments. This concept allows you to buy out a property from the bank while paying for \u201crent\u201d. There are \n3 types listed\n:\n\n\n\n\nAl Ijarah Thumma Al Bai\n \u2013 Lease Agreement Incorporating Sale of Leased Asset at the end of the lease tenure.\n\n\nAl Ijarah Muntahiya Bil Tamlik\n \u2013 Lease Agreement with option to Own Leased Asset at the end of the lease tenure\n\n\nAl Ijarah Wal Iktina\n \u2013 Lease Agreement with option to Acquire Leased Asset at the end of the lease tenure\n\n\n\n\nVERDICTS?\n\n\nMalaysia has one of the most recognized Islamic financial and banking systems in the world. Despite the confusing Arabic terms, \nIslamic banking\n has seen an increase in popularity over the years in Malaysia. The pros of Islamic home loans are great overall, with a 20% stamp duty discount for Islamic Loan Agreement documents for an indefinite amount of time, lower incurred charges on late payments as compared to conventional home loans, and lower rates that do not overburden the customers. Why not give Islamic home loans a try if the opportunity is right? Do check out these loan comparisons from \niMoney\n and \nRinggitPlus\n for more information!\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nbuying\nfinance\nHome\ninvestment\nNew home\nproperty\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nReal Estate Agents 101\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBored Do What: Walls (I)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/29/bored-do-what-walls/", "title": "Bored Do What: Walls (I)", "body": "\n\nWhether you staying at an expensive bungalow or condominium, or a low cost flat or single room apartment, there is always something to do to improve/spruce up the place. Of course, many Malaysians today love beautiful homes but many complain of being too busy or budget is tight. This series will be on how to invest your time in either improving yourself or the property you currently occupy. In this article, we will look at the fundamental things we all have in our homes, walls.\n\n\nFor starters, the walls can affect you indirectly. In fact, it can be used for a greater purpose. Just like a blank canvas painting, walls have the potential to either brighten your day or drown you deeper in the perpetual sorrow of your mechanical life. So what can be done with walls?\n\n\n1. COLORS OF WALLS\n\n\nLife doesn\u2019t always have to be black and white. Likewise, the walls in your home do not necessarily need to be always white. In fact, wall colors can be used to reflect the temperament of the room, making it a joyous gathering place that is vivid and exciting, or a place of tranquility and calm where you can meditate or even sleep. It can suit according to your needs and how you perceive it.\u00a0\nNuProp Blog\n lists out some interesting behaviors or mood wall colors can evoke, with red being the color of excitement, yellow the color of joy and gray as sophistication. \n\n\nSince Malaysia is a melting pot of different cultures and religion, the Western context might not fit snugly in our Asian perspective.\u00a0\nAsianpaints\n give a more familiar interpretation of what walls and colors bring to our lives. In fact, painting the ceiling can be a revitalizing thing since we tend to look upwards at times! Remember, this is a long-term investment and one should always repaint their homes every 7-10 years to keep the freshness alive.\n\n\n2. WALLPAPER/TAPES\n\n\nPainting might be costly and a cumbersome affair. So, a cheaper option would be wallpaper. Yes, wallpapers are something which is affordable and awesome at the same time. Also, one can choose from the different varieties as compared to paint which, can be limited in its choices. It last longer than paint, can cover up chips and cracks on the walls, and easily changed! Wallpapers can range from floral, nature, classical, minimalist, contemporary and much more. Malaysian stores such as\n \nKorea Wallpaper\n and\n \nLAMEX\n offer some good varieties and options to choose from. If you are interested in wallpapers, do read this article from\n \nWallpaperSifu\n. It gives a lot of insight on the pros and cons of wallpaper. Do read them up and have fun deciding wallpapers! \n\n\n3. ARTISAN FRIEND/PRODUCTS\n\n\nWe often neglect local artists and overlook the struggles they face to make a living. Give these folks a chance and support their work! You can either support their products or ask them to paint! Artisan products are not limited to paintings and weird figurines. There are numerous of products you can buy and help improve the aesthetic value on your wall. Hang up some unique jewelry, crafts, masks, etc. All these can vastly improve the homely presence. \u00a0\n\n\nFor painting, one can always consult their artist friends. Not paint as in 1-hour RM100 job, but rather draw something on these bare white walls. Artists have amazing and creative imaginations and giving them the opportunity to style and draw on your homes can be a bonus feature. It is unique, special and even empowering! Agree with them the design and let them draw something amazing. If you are an artist yourself, all the more awesome! Get your cans of paint and start styling your homes!\n\n\n4. DIY BUDGET\n\n\nIf those options are still too expensive, then one can always execute creative DIY methods (or hacks). There are many different DIY tricks you can try. Be creative as possible and make it as unique and fun! Among some examples you can do are\n\n\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\nUse beautiful photos from magazines/calendars and frame them up on the wall\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\nIf you can\u2019t afford picture frames, use washi tape\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\nPaint ceramic bowls and hang them on the wall to create a unique pattern\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\nUse different tape colors and tape widths to paste them on the walls to make a cool design\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\nHang fairy lights and Polaroid pictures on the wall for rooms\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\nUse unwanted toilet rolls (paint them of course) as a decorative piece to make outlines of shapes and designs\n\n\n\n\nVERDICTS?\n\n\nThere are other creative and useful techniques to DIY and utilize your walls (such as having brick walls or making a secret lair behind it). It entirely depends on you, your budget and your creativity. Long gone are the days where inspirational quotes, posters of favorite bands, athletes, handsome Korean singers and unsightly wall blemishes. Do some research, get some items, and start decorating the inner walls of your home. This is the place where you will spend 40% of your lives in, so make the best out of it.\n\n\n\u00a0\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\ndecoration\nDecors\nDesign\nDIY\nDream house\nHome improvement\nhomes\ninspiration\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nIslamic Financing: Home Loans (Part 3)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nAir Conditioner Buying Guide\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/08/31/air-conditioner-buying-guide/", "title": "Air Conditioner Buying Guide", "body": "\n\nLiving in Malaysia, having air conditioner has become a necessity. In fact, this previous luxury has become a common item in almost all households that can afford it. Although there are many choices for air-conditioner, not many know how to buy one. Individuals end up buying the cheapest unit and this could result in higher energy consumption and frequent breakdowns. This article will give a guide on how to buy an air-conditioner for your home and the meaning of some phrases used in air-con shopping.\n\n\nTYPES OF AIR CONDITIONER\n\n\nThere are many different types of air-con in the market today so this article will limit to those commonly found in domestic houses. There are commonly 3 types of air-con\u00a0to choose from, window, portable and split.\n\n\nWINDOW AIR CONDITIONERS\n\n\nWindow air conditioners \nare the old air-con units that you can find in old buildings. It can be found at window sills and is a bulky equipment that can power a room. Although being most affordable, it can be difficult to remove them and reinstall again. Also, it can only cool down a small room and usually can be noisy.\n\n\nPORTABLE AIR CONDITIONERS\n\n\nPortable air conditioners\n are the air-con units that can be moved around and acts like a deluxe portable cooling fan. These units are intended for homes in which window configurations or building regulations prevent installation. Also, air-con units are great to be used for home events where there is a big garden space. However, these units are costly, consuming more energy and noisier.\n\n\nSPLIT AIR CONDITIONERS\n\n\nSplit air conditioners\n are the most common in Malaysian households, being the sleek unit that is mounted at high wall level.\u00a0 This one, although the costliest, has the most cooling power, is easy to install and use. The unit has low noise levels and needs a compressor outside the house. Much like regulating hot air and turning it into the cold air inside rooms.\n\n\nINVERTED AND NON-INVERTED\n\n\nAir conditioners have motors that drive the revolution of compressors. It helps to determine the level of cooling at either a constant speed or constant temperature. There are two types, which is inverted and non-inverted.\n\n\nInverted \ntype air-con enables different speeds that automatically adjusts to meet an ideal set temperature. When the room condition reaches the desired temperature, the motor speed reduces thus requiring lesser power and resulting in lesser energy. It is an eco-friendly option and it is advisable to have in the long term, despite its expensive buying price.\n\n\nLikewise, a \nNon-inverted\n air-con has motors that can either be switched off or on. Once the desired temperature is met, the motor shuts off. When the room temperature falls below the desired level, the motor functions again. This method lacks the energy efficiency, having to stop constantly and start again to maintain desired room temperature. Although a cheaper buy, the electric bill is more expensive in the long run.\n\n\nThings to consider\n\n\nThere are also other aspects to consider when buying an air conditioner.\n\n\n1. Horsepower (HP)\n\n\nWhen buying an air-con, it is good to estimate the air-con suitability for the setting of the room. Air-cons have different compressor sizes and capacities. Being the heart of the cooling cycle, the compressor is measured in HP. Bigger HP equals to bigger cooling capabilities. 1HP would approximately equal to 746W(Watt) or 0.746KW(Kilo-watt). Home owners need to identify how many HP is necessary to avoid expensive costs in the long term. A compressor with 1HP capacity is able to remove approximately 9000 BTU/hr of heat.\n\n\n2. British Thermal Unit (BTU)\n\n\nBTU measures the amount of heat necessary to raise the temperature of 1 pound (0.45 kg) of water 1\u00b0F (0.56 \u00b0C). As compressors regulate temperatures through turning hot air into cold air, BTU is useful to know how quickly the room can cool down. 1 BTU equals to 1,055 joules. A normal window air conditioner rates approximately at 10,000 BTU. However, a higher BTU number does not equal to a long lasting and better functioning unit. This is because air-cons have cooling cycles, which a bigger BTU, might pose a problem as trying to lower the room temperature constantly can result in a shortened life span. Here\u2019s a table below to help determine which BTU air-con to room size needed.\n\n\n\n\n\n\n\n\nBTU CHART BASED ON ROOM SIZE\n\n\n\n\n\n\n\n\n\n\nRoom Size\n\n\nBTU\u2019s Needed\n\n\nRoom Size\n\n\nBTU\u2019s Needed\n\n\n\n\n\n\n150 sq. ft.\n\n\n5,000 BTU\u2019s\n\n\n700 sq. ft.\n\n\n14,000 BTU\u2019s\n\n\n\n\n\n\n250 sq. ft.\n\n\n6,000 BTU\u2019s\n\n\n1,000 sq. ft.\n\n\n18,000 BTU\u2019s\n\n\n\n\n\n\n300 sq. ft.\n\n\n7,000 BTU\u2019s\n\n\n1,200 sq. ft.\n\n\n21,000 BTU\u2019s\n\n\n\n\n\n\n350 sq. ft.\n\n\n8,000 BTU\u2019s\n\n\n1,400 sq. ft.\n\n\n23,000 BTU\u2019s\n\n\n\n\n\n\n400 sq. ft.\n\n\n9,000 BTU\u2019s\n\n\n1,600 sq. ft.\n\n\n25,000 BTU\u2019s\n\n\n\n\n\n\n450 sq. ft.\n\n\n10,000 BTU\u2019s\n\n\n1,900 sq. ft.\n\n\n28,000 BTU\u2019s\n\n\n\n\n\n\n550 sq. ft.\n\n\n12,000 BTU\u2019s\n\n\n2,700 sq. ft.\n\n\n36,000 BTU\u2019s\n\n\n\n\n\n\n\n\nSource: \nCompact Alliance\n\n\n3. Room Size\n\n\nWhen purchasing an air-con, research first the size of the room and the position of the room. The room position plays a role because rooms facing the west will have very strong sunlight in the afternoon and evening, which requires a more powerful air-con unit or more than 10%. If the house is fully shaded, it can even reduce the capacity by 10%. Also, the room size determines what HP and BTU are needed for the air-con. If the room is a small bedroom of 150 ft\u00b2, a small 1HP air-con would work whereas the large 800 ft\u00b2 room would require a 2.5HP air-con. It depends on certain situations as well, from the number of house occupants to whether the house is insulated or not. However, a general formula would be like one below\n\n\nA + B = Btu / Hr\n\n\nA = (Room Width (Feet) x Room Length (Feet) x 50)\n\n\nB = (No of People x 500)\n\n\n4. Energy Efficient Ratio (EER)\n\n\nEER measures of how efficient a cooling system will operate when the outdoor temperature is at a specific level. It is measured in the ratio of cooling capacity of the unit per input power. The higher the EER, the more efficient the unit. Calculating EER is simple,\n\n\nBTU/ Watts\n\n\nFor example, a 12,000 BTU air con consumes 1,500 watts, its EER is 8.\n\n\nAccording to the \nUnited Nations Development Programme\n, the Sustainable Energy Development Authority of Malaysia (SEDA) emphasizes on EER units and those that are energy saving. SEDA informs that households could save RM277.42 annually for an air-con unit using a 5-star energy air-conditioners. It might cost you more at the beginning but you will save for the rest of the air-conditioner\u2019s lifetime.\n\n\nVERDICTS\n\n\nOverall, air-cons are useful and becoming a necessity in this lifetime. Depending on the room size, its exposure to heat, and primary function of the room, the cooling capacity of the air conditioner needed varies. Check out websites like \nCompact Alliance\n or other websites that enable one to calculate estimations.\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nHome and Design\n \n\n\n\n\nTagged\n\n\nCity living\nHome and living\nHome improvement\nInterior\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBored Do What: Walls (I)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to read your electricity meter and bill?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDave Miller\n \non 12 January, 2020 at 20:58 \n\n\n\n\nReply\n \n\n\n\n\n\n\nHey, I\u2019m a HVAC technician and I noticed that you link to a BTU calculator on \nhttp://therooftalks.com/2017/08/31/air-conditioner-buying-guide/\n page, I have made a similar calculator based on more standardized and up to date calculations, meaning it\u2019s essentially more accurate.\n\n\nWould you consider trying it out and possibly adding it as a reference? Here it is: \nhttps://heattalk.com/btu-calculator-for-heating/\n\n\nI can also share the post to my following \u2013 via newsletter and Facebook, perhaps we can even collaborate in some other way, I often do guest posts and would love to work with you!\n\n\nThanks in advance,\n\n\nDave Miller\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/09/06/read-electricity-meter-bill/", "title": "How to read your electricity meter and bill?", "body": "\n\nPurchasing a new property is one thing. Knowing how to do the little things is another subject altogether. Understanding our homes can sometimes be a complicating task and one should take time to fully know the fundamentals of home settings. This article will guide you on how to better interpret your electricity\u00a0meter and bill.\n\n\nElectricity Meter\n\n\nTenaga Nasional Berhad\n (TNB) is the leading electrical company in Malaysia. Every month, they will issue a bill to your doorstep. To calculate the amount, every household will have an electricity meter. These meters measure the amount of electric energy consumed by a household. All electrical power supplied to homes are in the form of alternating current (AC), but measured in different voltages. \u00a0TNB measures according to kilowatt hour (kWh), which its amount will flash on the LCD of the electricity meter. According to \nTNB\n, there are 2 different type of Domestic Ordinary Power Consumers (electricity) meters, which is Single Phase and Three Phase.\n\n\nSINGLE PHASE\n\n\nSingle phase\n consists of 3 wires which are Live, Neutral and Earthing/Grounding. This system is suitable if you do not have a high demand for electricity since its power is only 230V. If overloaded, there will be frequent fuse blows and power trips. It will flash the kWh once on the LCD screen on the meter.\n\n\nTHREE PHASE\n\n\nThe \nThree phase\n consist of 3 Live wires, 1 Neutral wire and 1 Earthing/Grounding wire, a total of 5 wires that power 400V or more. The advantage of the three phase system is that it can provide more power and if there are any blows to one wire, other parts of the house will operate fine. Three phase electric meters will show and extra Kilo volt amperes reactive hours (kVARh), which are the units of reactive energy consumption. Hence, the LCD screen will show kWh reading, the kVARh reading and a blank screen at 10 seconds intervals. (Note. You are required to know the kWh amount and send it to TNB if requested)\n\n\nCHARGES\n\n\nTNB charges according to a Tariff A of the domestic category. According to \nTNB\n,\u00a0\n\u201cDomestic Consumer\u201d\n means a consumer occupying a private dwelling, which is not used as a hotel, boarding house or used for the purpose of carrying out any form of business, trade, professional activities or services.\n\n\n\n\nSource from \nTNB website\n.\n\n\n\n\nThe reading of this LCD screen is 223 kWh.\n\n\nSource from \nTNB website\n\n\nThe electric meter is important and mandatory. The fuse and the meter are TNB\u2019s property and tampering with them is a criminal offense.\n\n\nELECTRICITY BILL\n\n\nAfter knowing how to measure your electricity meter, its time to know how to read your electricity bill.\n\n\nThe monthly electricity bill contains important information for the consumers to refer too. As an individual, the most important details needed to know are the following:\n\n\n\n\nStation Number\n\n\nCustomer\u2019s Account & Details\n\n\nLast Date of previous bill settlement\n\n\nBill Codes (refer to back part of bill)\n\n\nReading (previous/current month)\n\n\nTotal Bill amount\n\n\n\n\nAlways cross check the bill with the electric meter to ensure the value is correct. In the circumstance where TNB is unable to read the electricity meter, an estimated bill (based on the customer\u2019s 6 months average usage) will be issued. The estimated meter reading will be for the next 3 consecutive months. TNB will later send to the customer a notice for meter reading.\n\n\nConclusion\n\n\nKnowing more about electricity meters and bills will enable home owners to identify certain problems, list out the usage and even budget better with their consumption. Be a smart home owner and ensure the little things for your home settings.\n\n\n\u00a0\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nHome and Design\n \n\n\n\n\nTagged\n\n\nbuying\nCity living\nDream house\neco-friendly\nHome\nHome and living\nHome improvement\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nAir Conditioner Buying Guide\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nProperty Insurance I\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/09/08/property-insurance-i/", "title": "Property Insurance I", "body": "\n\nOwning property is a dream come true, yet the process to achieve this dream is filled with challenges and tough obstacles. Borrowing from a bank can result in a debt cumulation of near 20-40 years. What if something occurs to the owner of the house? What would happen? Is there a preventive coverage to protect the owner\u2019s loved ones? Mortgage insurance is an important aspect when dealing with an unprecedented turn of events. It helps to protect your home and your loved ones in the face of unfortunate circumstances. However, this is not to be confused with home insurance. As mortgage insurance protects the benefactor and family, home insurance deals with the protection of the home itself. These two are completely separate terms and meanings. This two-part article will explain the contents of mortgage insurance and home insurance.\n\n\nIn layman terms, mortgage insurance ensures that in the event the individual is unavailable to repay the debts, the insurance company will help the individual to repay the debts. Like conventional insurance, the individual must buy an insurance policy and pay a monthly premium. In the timely event the individual passes away while the policy is in effect, the insurance company pays the mortgage. Beneficiaries or closest to kin can live in debt-free without much worry. It can also occur in the event of a tragic accident that makes one disabled, or total permanent disability (TPD). In Malaysia, there are two types of common mortgage insurance available, which are the Mortgage Reducing Term Assurance (MRTA) and Mortgage Level Term Assurance (MLTA).\n\n\nMORTGAGE REDUCING TERM ASSURANCE (MRTA)\n\n\nMortgage Reducing Term Assurance (MRTA) \nis a life insurance plan that serves purely to pay off the outstanding mortgage balance to the financial institution in the event of death or TPD. \u00a0It functions also as a form of protection for the bank in cases where the individual is unable to further service the loan. Individuals have to pay a huge lump sum premium for an MRTA plan, which is usually offered by property agents. The sum insured decreases over time according to the loan tenure, meaning that coverage slowly reduces in line with the total loan until the end of your mortgage. The amount paid usually covers the home loan borrowed from the bank.\n\n\nFor example, Sami Valloh purchases a property of RM300,000 and the bank loans a total of RM270,000 over a tenure of 30 years. Sami takes an MRTA policy for 30 years, which is paid a one-off for RM12,000. \u00a0Sammi repays RM20,280 annually (monthly RM1,690) as agreed to pay off the loan with 6% of the bank\u2019s interest rate. After 15 years, there is RM100,00 outstanding balance. Sammi suddenly dies/gets paralysed and is unable to pay. The MRTA covers whatever amount is outstanding on the mortgage balance at the point the insured is unable to pay the mortgage or part of it.\n\n\nHence, the bank is the beneficiary of the MRTA policies, whereas, family members do not get any amount. MRTA will also get affected by base rate (BR). Since banks can adjust their BR rates, MRTA coverage will be affected if below the loan amount. If the property purchase has full loan amount and coverage, MRTA is not likely to be affected. Another fun fact about MRTA is that it is actually transferable in some cases (with complicated time-consuming paperwork), but if the property bought is worth far more than the current property, it is more advisable to buy a new policy. MRTA is most suitable for individuals with sufficient standalone life and medical insurance, and also not financially dependent on anyone.\n\n\nMORTGAGE LEVEL TERM ASSURANCE (MLTA)\n\n\nAlthough similar concept to MRTA,\n Mortgage Level Term Assurance (MLTA) \nfunctions differently, where not only does it pay off the outstanding mortgage balance, but also entitles the individual\u2019s family get some financial payout in the event of the individual\u2019s death or TPD. Anyone can be the beneficiary for the MLTA, making it transferable. This works as a life insurance as well, offering both protection and cash benefits. In fact, one can even pay more premium to expand it to cover Critical Illnesses (CI) as their insurance policy. This flexibility with protection allows adjustable value at anytime you desire. The premium can be spread throughout the mortgage term, allowing periodic payment instead of a one-off payment. Unlike the MRTA, the protection for MLTA does not diminish over time, as it ensures constant sum assured basis. MLTA is most suitable for individuals with families and those that are financially dependent on the individual as the source of income. The downside for an MLTA is that it is highly expensive, costing 10x more than an MRTA for basic coverages.\n\n\nVERDICTS?\n\n\nAs both MRTA and MLTA have their own respective qualities, there have both their pros and cons. It is up to the individual on whether they are able to afford it, the necessity, and also the benefits that entail it. Many banks offer amazing policies, however, do more research and consult your financial planner for a better recommendation.\n\n\n\u00a0\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nHome and Design\n \n\n\n\n\nTagged\n\n\nHome\ninsurance\nknow how\nproperty insurance\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to read your electricity meter and bill?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nProperty Insurance II\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/09/12/property-insurance-ii/", "title": "Property Insurance II", "body": "\n\nWhen it comes to the home, we value our most expensive possession. Previously talking about mortgage insurance/assurance, the importance of having a backup plan in times of trouble comes in pretty handy. However, insuring in oneself to settle the financial obligation is one matter. As for how normal insurance works, mortgage insurance is protecting only the insurer when unable to pay the loans. What about the home and the properties within it? Being left unprotected and unsecured could lead to a loss of assets in any uncontrollable events. Home insurance plays an important role in ensuring coverage and giving you the peace of mind. This article will explain the role of home insurance and how it works.\n\n\nWHAT IS HOME INSURANCE?\n\n\nHome insurance protects the home and the contents of the home. Just like how normal insurance works, it gives coverage of a definitive sum for a premium that the insurer must pay. For those homeowners living in strata titled property (apartment, flats, condominiums), the management will buy typical fire insurance and the owners just have to pay a premium (can be exempted with certain conditions). Although home insurance is not compulsory, those taking a loan financed property are required to do so too.\n\n\nA special formula is used when claiming insurance. For example, a fire burned down the house. The rebuilding cost is RM400,000, in the event of a claim, the insurance company will apply the principle of average. If the sum insured is RM300,000 and the loss amounts to RM200,000, the average principle will be calculated as follows:\n\n\n \u00a0 \n \u00a0 \n\n\nThis means the insurance company will only pay RM150,000 instead of RM200,000 for the loss.\n\n\nThere are 3 types of home insurance individuals can purchase, fire, house owner, and householder. All these policies have different coverages and different settings which can be applied to suit the owner\u2019s needs.\n\n\n\n\n\n\nFIRE INSURANCE\n\n\n\n\n\n\nThis insurance policy insures material damage towards properties such as buildings, and contents such as household equipment, fixtures, and fittings. The policy covers the loss or damage caused by fire, lightning or explosion of domestic boilers or gas used for domestic purposes. This is the most basic of all house insurance, with coverage of the basic items. This policy\u2019s coverage can expand to even include more with the price of an extra premium being paid. Examples such as:\n\n\n\n\nAircraft\n\n\nVehicles\n\n\nAnimals\n\n\nFaulty pipes and water tanks\n\n\nFaulty electrical appliances\n\n\nNatural disasters\n\n\nLandslides\n\n\nRental loss\n\n\nRiots\n\n\n\n\nNote. Check with the insurance company on whether they offer these protections as different insurance companies have different coverage and different ways of defining their coverage.\n\n\n\n\n\n\nHOUSEOWNER\u2019S INSURANCE\n\n\n\n\n\n\nThis insurance policy protects the four walls and roof within which you keep your possessions, belongings, and items. It provides a more comprehensive and wider coverage for insurers and saves the owner the hassle of customizing the previous Fire Insurance plan. It covers almost everything mentioned in the fire policy, with the exception of landslides and riots, which can be bought at an extra premium. This policy is powerful, as it is based on replacement cost, meaning that in the event of a total loss, the policy will provide reimbursement, up to the policy limit. It can even be used to replace the structure where necessary or as stated in the agreement. However, this insurance is expensive and the value of buying this insurance can even cost as much as the value of the house itself. Hence, the popularity of fire insurance as compared to this.\n\n\n\n\n\n\nHOUSEHOLDER\u2019S INSURANCE\n\n\n\n\n\n\nAs the most deluxe insurance policy, householder\u2019s insurance covers a multitude, like the Houseowner\u2019s insurance. It also covers almost everything mentioned in the fire policy, with the exception of landslides and riots, which can be bought at an extra premium. The difference between houseowner and householder insurance is the owner will be insured. Besides covering household contents, the householder includes coverage for fatal injury to the individual as the insured. It works similarly as a MRTA. Due to its extensive coverage, it is the most expensive but most secured.\n\n\nVERDICTS?\n\n\nDespite the many coverages, policies have many loopholes and criteria to be met before the individual is able to claim all these things. Also, every insurance company protects different things and have different definitions, which is important to note as it needs to be scrutinized. Besides that, a good tip is that homeowners must declare all their belonging that is under the insurance to ensure claiming purposes, as insurance companies might refuse to pay. In the end, it depends on the individual\u2019s choice and preference. These policies are to suit the people and it should be tailored according to the needs and necessity. Always make sure that the property is properly insured at all times to avoid any regrets or heartbreaking moments.\n\n\n\u00a0\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nHome and Design\n \n\n\n\n\nTagged\n\n\nCity living\neco-friendly\nHome\nHome and living\nHome improvement\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nProperty Insurance I\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to read your water meter & bill\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/09/14/how-to-read-your-water-meter-bill/", "title": "How to read your water meter & bill", "body": "\n\nUnderstanding the system that supplies our homes with the necessary resources is a good general knowledge, as it is also part of the fundamentals of home settings. Common questions are bound to arise when noticing around the usual \ntaman\n settings. Where does one get their water from? How much water does one spend monthly? This article will be a guide on how to interpret your water meters and bills.\n\n\nThere are \nseveral companies in Malaysia\n that supply water to our domestic homes. Every state has their own respective water companies, which functions to supply clean, fresh and consumable water for all Malaysians. The National Water Services Commissions has listed out that although we all live in the same nation; different states have \ndifferent charges\n for water supply. As water collected from reservoirs will be channeled into cities, a water meter will be installed at respective homes to measure the volume of water consumption. Below will be an example from Syarikat Air Bekalan Selangor Sdn. Bhd. (SYABAS) on how water rates work.\n\n\nBill Calculation for Domestic Tariff\n\n\nHere\u2019s an example from Syarikat Air Bekalan Selangor Sdn. Bhd. (SYABAS) on how water rates work.\n\n\nBilling days: 33 days\n\nBilling Period: 33 days/ 31 days (1 month) = 1.06 month\n\nConsumption: 40 m\u00b3\n\n\n\n\n\n\n\n\n20 m\u00b3 x 33 days / 31 days\n\n\n=\n\n\n21.20 m\u00b3 x RM 0.57\n\n\n=\n\n\nRM 12.08\n\n\n\n\n\n\n15 m\u00b3 x 33 days / 31 days\n\n\n=\n\n\n15.90 m\u00b3 x RM 1.03\n\n\n=\n\n\nRM 16.38\n\n\n\n\n\n\nRemainder\n\n\n=\n\n\n2.90 m\u00b3 x RM 2.00\n\n\n=\n\n\nRM 5.80\n\n\n\n\n\n\nTOTAL\n\n\nRM 34.26\n\n\n\n\n\n\n\n\nBilling days : 31 days\n\nBilling Period : 31 days / 31 days ( 1 month ) = 1.00 month\n\nConsumption : 40 m\u00b3\n\n\n\n\n\n\n\n\n20 m\u00b3 x 31 days / 31 days\n\n\n=\n\n\n20 m\u00b3 x RM 0.57\n\n\n=\n\n\nRM 11.40\n\n\n\n\n\n\n15 m\u00b3 x 31 days / 31 days\n\n\n=\n\n\n15 m\u00b3 x RM 1.03\n\n\n=\n\n\nRM 15.45\n\n\n\n\n\n\nRemainder\n\n\n=\n\n\n5 m\u00b3 x RM 2.00\n\n\n=\n\n\nRM 10.00\n\n\n\n\n\n\nTOTAL\n\n\nRM 36.85\n\n\n\n\n\n\n\n\nBilling days : 27 days\n\nBilling Period : 27 days / 31 days ( 1 month ) = 0.87 month\n\nConsumption : 40 m\u00b3\n\n\n\n\n\n\n\n\n20 m\u00b3 x 27 days / 31 days\n\n\n=\n\n\n17.40 m\u00b3 x RM 0.57\n\n\n=\n\n\nRM 9.92\n\n\n\n\n\n\n15 m\u00b3 x 27 days / 31 days\n\n\n=\n\n\n13.05 m\u00b3 x RM 1.03\n\n\n=\n\n\nRM 13.44\n\n\n\n\n\n\nRemainder\n\n\n=\n\n\n9.55 m\u00b3 x RM 2.00\n\n\n=\n\n\nRM 19.10\n\n\n\n\n\n\nTOTAL\n\n\nRM 42.46\n\n\n\n\n\n\n\n\n\nSource from\nSYABAS Malaysia\n\n\nWATER METER\n\n\n\u00a0\n\n\n\n\nSource from \nSYABAS Malaysia\n\n\nWater meters are pipes with a scale measurement on them usually located on the premises. They have an account number allocation (as shown below) to properly identify the home owner.\u00a0 The meter has 8 digits displayed, 4 white and 4 red. It shows the overall consumption of the water in the residential house. For example, in the picture below, the water reading shows 748.1910m \u00b3. This means the water company will charge for only 748m \u00b3 water consumed. If the meter is damaged, please contact your water company.\n\n\n\u00a0\n\n\n\n\n\u00a0\n\n\nSource from \nSYABAS Malaysia\n\n\nWATER BILL\n\n\nWater companies will bill the home owner every month based on the type (residential/ commercial) and the amount of water used. The unit used is m\u00b3. If your house\u2019s water pipes are leaking, make sure that you fix it or call a plumber as it will also cause your water bill to be more expensive than usual. Failure to do any payment will result in water taps being turned off at the building lot.\n\n\nCONCLUSION\n\n\nAs water is a precious and limited resource (despite its abundance in Malaysia), saving water is a wise act and often encouraged. Water companies have the authority to turn off water supplies when there is a need of repairs or in the event of a drought. As reservoirs run low, the city council together with the water company will start rationing water and distribute them through trucks. Residents using too much water will entail such disruption. Also, pipe bursts in public areas can also affect the water supply. So, if you are on the street and you see water wastage, do call your water company and help solve the problem!\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nHome and Design\n \n\n\n\n\nTagged\n\n\nCity living\neco-friendly\nHome\nHome and living\nHome improvement\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nProperty Insurance II\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nGetting a Home loan in Malaysia (ps: the answer is in your credit score)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/10/02/home-loan-malaysia-ctos-dennis-martin/", "title": "Getting a Home loan in Malaysia (ps: the answer is in your credit score)", "body": "\n\nApplying for a home loan in Malaysia can be quite daunting knowing that the prospect of your application being rejected is just around the corner. Want to know what our local banks CIMB, Maybank, OCBC, Public Bank, RHB, Citibank, HSBC considers before granting a home loan? They check your credit score. Not just BNM\u2019s CCRIS, but do read on.\n\n\nThe process of getting your home loan approved by the bank can be a daunting experience. It is important to know the factors that banks look into about you when they are in the decision making process.\n Before submitting your request, it is best to have all these factors in check.\u00a0One of these factors that banks look into is your credit score. In Malaysia, most banks uses both CCRIS and Credit Reporting Agencies (CRA). Essentially, your credit score points tells the bank how likely you are to pay them back. So the higher the score, the more likely you are to pay them back. It is our aim as consumers to have a good credit score to improve our financial attractiveness. This makes having a good credit score an important element to watch out for when you are looking for a home loan from a bank.\n\n\n\u00a0\n\n\nWe recently had a chat with Dennis Martin, CEO of a credit reporting agency company called CTOS. Originating\u00a0from New Zealand, Dennis has many years of experience\u00a0with banks and credit bureaus in South East Asia before he began CTOS. CTOS was born in\u00a01990 and is currently Malaysia\u2019s Leading Credit Reporting Agency(CRA). Now, CTOS has over 9 branches across the country and is under the\u00a0extent of the Credit Reporting Agencies Act 2010. Dennis\u00a0describes CTOS as an organization that \u201cuses data to create insight\u201d. This means that CTOS aims to create trust, transparency, and provide detailed personal financial information in order to assist in decision making.\u00a0They are a private company that\u00a0informs its\u00a0users about their credit health and attractiveness.\u00a0CTOS also assist corporate companies make informed decisions about their employees and partners, encouraging transparency and encouraging confidence in one another.\n\n\nSo, when it comes to getting a home loan, your credit score could either make or break your home loan potential. The bank would look at your credit score to make a decision. Banks are interested in your credit score\u00a0because it shows how reliable you are as a consumer. The CTOS report also helps\u00a0banks identify frauds and to eliminate any potential bad borrowers because it contains information about a person\u2019s credit history, legal cases and directorships.\u00a0 As a consumer, knowing your credit score enables you to monitor your credit health and improve its score by making wise financial decisions.\n\n\nYou can check your credit score by signing up on CTOS by clicking\u00a0\nhere\n. You will be required to provide a copy of your NRIC and some personal details. Upon activation,\u00a0one free copy of the report will be sent to you. However, in order to receive notifications and a more detailed report, you will be required to pay a small fee. As CTOS is under the CRA Act 2010, they will require your consent before sharing your information to a third party.\n\n\nStand a good chance at getting your home loan approved by having a good credit score. You can improve your credit score by knowing its current condition and making wise decisions that leaves a positive impact on your score. Credit Reporting Agencies such as CTOS aims to facilitate this process.\n\n\n\n\n\n\n\n\nCTOS\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nCity Living\nMarket News\n \n\n\n\n\nTagged\n\n\nbank negara\nbanks\nccris\ncimb\ncitibank\ncredit\ncredit check\ncredit health\ncredit score\nctos\nhome loans\nhsbc\nmalaysia\nmaybank\nocbc\npublic bank\nreport\nrhb\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to read your water meter & bill\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat to Expect in Malaysian Properties Through Budget 2018\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/02/how-kl-rents-fares-major-cites/", "title": "How Does KL Rents Fares with Major Cites?", "body": "\n\nEver wondered how rents in KL compares globally? We are here to shed light on KL\u2019s rent performance in comparison with major cities worldwide.\n\n\nMost Malaysians can agree that renting in Kuala Lumpur, the capital of Malaysia\u00a0to be extremely\u00a0expensive. Starproperty.com\u00a0shed light with an interesting article about what its like to rent in big cities from around the world. The result\u00a0came as a shock to us when researches showed that\u00a0Kuala Lumpur is actually\u00a0the most affordable city in the world, according to a\u00a0\nreport\u00a0\nby\u00a0RENTCaf\u00e9.com.\u00a0Researchers say that the living standards of various cities reveal that Kuala Lumpur is the most rent affordable city by looking at the ratio of average rental cost in comparison to the average household income. This suggests that only 20% of its dwellers\u2019 income is spent on rental. While\u00a0we take comfort with this finding, it is worth looking at other cities to determine the difference in rental standards in those regions or countries.\n\n\nAccording to Trading Economics, Germany has a home ownership rate that ranks among the lowest in the developed world, with an average of 52.89% from 2005 until 2015. The unique situation in Germany\u00a0is due to its historical circumstances that goes way back t0 the 1930s and 1940s. After World War II, post war Germany was in need of millions of housing units, which were supplied by the government. This robust housing regulations have extended to the rental market, and the state governments can cap rent increases to no more than 15% over a three-year period. Berlin\u2019s rich history which involved the second world war has resulted in its rent control today. According to RentCafe.com, Berlin is ranked as the 12th most affordable city with a rent-to-income ratio of 30%. This makes Berlin as one of the western European cities that made it to the upper part of the affordable rent list.\n\n\nTalks at Brexit have cast a dark cloud over the United Kingdom. It played a part in the recent drop of average annual rents in Central London and\u00a0Greater London, 1% and 4.7% respectively. This has come after years and years of rises in rental rates. This places London as one of the most rent-burdened cities in the world and takes up 40% of its average citizen\u2019s income. Despite the recent events affecting rent prices in Malaysia, rents in KL pales in comparison with London\u2019s steep prices.\n\n\nThe\u00a0Housing and Development Board (HDB) statistics shows that 82% of the Singaporean resident population live in lease accommodations. This is thanks to the provision of HDB flats sold on a 99-year lease agreement in Singapore. It\u2019s\u00a0a large accomplishment for a small city state with little land resources. Despite having the highest median household income among all 30 listed cities, Singaporeans fare\u00a0poorly with 44% of their income being spent on rental fees, putting the city at the lower part of the list at number 25. This places KL in a higher affordability bracket, making KL an attractive place to live.\n\n\nIt is comforting to know that Kuala Lumpur is considered to be one of the most affordable cities to rent in the world. However, this does not remove the day-to-day challenges that Malaysians\u00a0face in regards to rent. Lets hope that the numbers shown in paper reflects in real life.\n\n\nInterested to know if you should rent or buy a property in KL? \nFind out\n which works best for you.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat to Expect in Malaysian Properties Through Budget 2018\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWill Artificial Intelligence Replace Real Estate Agents?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/02/what-expect-malaysian-properties-through-budget-2018/", "title": "What to Expect in Malaysian Properties Through Budget 2018", "body": "\n\nBudget 2018 is an announcement every Malaysian has been waiting for. The announcement was made on\u00a0the 27th October with a theme of\u00a0 \u201cShaping The Future\u201d. Budget 2018 will determine the country\u2019s direction in tackling various socioeconomic issues that will lead and have a profound impact on us,\u00a0the rakyat. Many Malaysians who are feeling the pinch hope to find relief through the new Budget coming\u00a0next year. According to The Malay Mail Online, here are some highlights of what Malaysians are expecting in the Budget 2018 in regards to housing and properties.\n\n\nThere\u00a0are major concerns over the issue of a homeless generation in Malaysia. As the name suggests, this generation consists of\u00a0Malaysians are not able to afford their own home. Malaysians can agree that renting and purchasing properties now and in its current state is too expensive. For example, renting an apartment of 2 bedrooms with limited parking and zero security\u00a0costs an average of RM1,200 per month. Living costs are off the roof and\u00a0\naffordability\n of housing is an issue.\n\n\nIn line with Budget 2018, The National House Buyers Association (HBA) came up with some methods in hopes to ease this crisis and it includes\u00a0holding back\u00a0property speculation through higher stamp duty rates and higher real property gains tax on buyers and sellers who own more than two properties.\u00a0HBA also said the government should increase the\u00a0amount of affordable homes by providing incentives to private developers by fast-tracking project approvals, cheaper land conversion or alienation costs, partial tax exemption on profits from such projects.\u00a0The Real Estate and Housing Developers Association (Rehda) came up with measures to make it easier for first-time buyers of affordable homes.This includes a full stamp duty exemption on higher-value affordable properties instead of the RM300,000 limit announced in the last Budget, as well as exemption from higher conveyancing legal fee rates.\n\n\nThe Budget 2018 is the hot topic for all Malaysians this season. We hope to see houses become more affordable and available. However, regardless of our expectations, we hope that Budget 2018 helps ease our troubles instead of adding to it.\n\n\nLearn more about Malaysian real estate from our comprehensive \nguide\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nGetting a Home loan in Malaysia (ps: the answer is in your credit score)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow Does KL Rents Fares with Major Cites?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/06/artificial-intelligence-replace-real-estate-agents/", "title": "Will Artificial Intelligence Replace Real Estate Agents?", "body": "\n\nReal Estate Agents and Artificial Intelligence\n\n\nWith the advent of technological expansion in our society, leaving more and more livelihoods risk of being replaced by AI, will the existence of real estate agents be nullified? Historically, the job title of a real estate agent comes with a subtle impression of rudeness, mistrust and caution, having countless cases of fraud affecting thousands throughout the world, from expat forums warning of potential scams to headline news detailing the latest schemes not to fall for. These cases appear in news sites internationally ranging from \nprotest\n and vandals on Foxton offices in Brixton to the \ncountless cases of conmen\n posing as property agents in Malaysia despite various measures taken.\n\n\nAlthough, these events are quite uncommon, it only takes a few bad apples in the bunch to ruin the whole industry for the rest, giving honest agents a hard time and a bad reputation. Knowing of such cases while having the real estate agent being a gatekeeper to their dream home, it won\u2019t be surprising that many people be skeptical and would opt in for a robot to do the work.\n\n\nDisruption\n\n\nA recent study by the accountancy firm Moore Stephens found that \none fifth\n of UK estate agents are potentially of out business with expansions of online property agents who operates on lower fixed cost. These agents have the added benefit of allowing home buyers to view offers online complemented with fast replies using instant messaging. On a larger scale, startups and artificial intelligence are constantly changing the playing field, revolutionizing industries, shifting the economy to another level. What used to be a simple way of buying food and goods at a grocery store has become much simpler thanks to AI.\n\n\nThe consumer goods sector perfectly depicts this trend. E-commerce giants like Amazon and Ali baba has cut down distributors and retailers, allowing goods to be ordered from the warehouse cheaply with fast deliveries while network marketing companies like Amway and Cosway completely creates a whole new purchasing channel that diverts from conventional means. Luxurious cruise trips and used to be expensive international trips are now available to the mass majority with the many travel portals offering the cheapest deals. With such changes to so many industries, will real estate soon experience its own disruption? And how will real estate agents be affected in the storm?\n\n\nThe nature of Real Estate\n\n\nAs a \ndisrupter\n in the real estate space that deals with agents, we at Bumbung.co believe agents have a key role and a future in the industry. Unlike the enormous supply and homogeneous nature of retail goods and services, real estate is heterogeneous in nature. No two homes are the same, a corner home with similar architecture designs located in different lots can fetch up to drastically different prices and a dilapidated home in a high profile neighborhood can be in high demand. This means that a home is bought as a lifetime good and is filled with sentimental value. This brings a the homeowner\u2019s experience to a whole new level, one that cannot be truly experienced regardless of the endless variety of VR devices on the market or the many pictures and beautifully designed brochures.\n\n\nDoes the house have good \u2018feng shui\u2019? Is it suitable for disabled individuals or the elderly? Will the highway nearby distrupt your beauty sleep? Or it could be elements only experienced with a physical presence that would influence a buyers decision like the ambiance of the rooms, the size of the bathroom or the temperature of the rooms during the day. Other factors include sentimental values which is up to the real estate agent to help the buyer visualize and provide suggestions. Remember that a home purchase is permanent and long-term, requiring lots of contemplating before the ultimate decision.\n\n\nThe future\n\n\nIt was found that Real estate agents should always play a \nkey role\n in the home buying experience and that computer algorithms work better when working with real estate agents than those without. Bridget Frey, the chef technological officer at Redfin during Seattle Startup week regarding AI and agents. Moreover, AI instead has further enhanced the workflow of agents by automating some of the boring task while providing valuable data for them to utilize with their clients.\n\n\nIn the long run, increasing competitiveness delivered by technology and its growing accessibility to agents, there would undoubtedly be fewer but more highly skilled agents. Less people will be needed for mundane, easy task while more quality work will be done. The agents who will thrive will be those who can leverage their interpersonal skills and create positive emotional experiences for home buyers.\n\n\nThe takeaway\n\n\nIn a near future, AI may be able to fulfill tasks more efficiently than any human can however, our mortal traits still make us relatable to each other. Until artificial intelligence can accurately replicate and discern emotional cues, there will never be a substitute to being human.\n\n\nDo you think that AI will replace real estate agents? Share your opinions in the comments below.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nAgents\nartificial intelligence\nreal estate\ntechnology\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow Does KL Rents Fares with Major Cites?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nRecipients of the recent Asia Property Awards 2017 (Singapore)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/08/recipients-recent-asia-property-awards-2017-singapore/", "title": "Recipients of the recent Asia Property Awards 2017 (Singapore)", "body": "\n\nHere are the winners of the Asia Property Award ceremony of 2017\n\n\n\n\nThe PropertyGuru Asia Property Awards (Singapore) 2017, recognised the country\u2019s best developers and real estate projects and design on Tuesday night (7 November) during an exclusive gala dinner held at the Sands Expo and Convention Centre at Marina Bay Sands.\n\n\nDEVELOPER AWARDS\n\n\nBest Developer\n\n\n\n\nWINNER: GuocoLand with the construction of the astounding luxurious condominium,Wallich Residence\n\n\nWallich Residence at Tanjong Pagar\n\n\n\u201cOne of the Singapore\u2019s leading developers, GuocoLand believes that every project should possess \u2018poetic ambience\u2019 and offer a lifestyle that\u2019s comfortable and usable. GuocoLand achieves its goal by incorporating well-designed public spaces, sustainable and green amenities, and choosing the most premium locations for the benefit of consumers. \n\n\nFor the full list of awards and winners, you may view it \nhere\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nawards\nguocoland\nNews\nsingapore\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWill Artificial Intelligence Replace Real Estate Agents?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nKuala Lumpur\u2019s Journey to Becoming a Bicycle Friendly City\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/10/kuala-lumpur-becoming-bicycle-friendly/", "title": "Kuala Lumpur\u2019s Journey to Becoming a Bicycle Friendly City", "body": "\n\nA medium of travelling of the past?\n\n\nKuala Lumpur\u2019s dream of working towards a world class \nsmart city\n might be a reality soon to be realised, but not one without bicycle friendly lanes and facilities. Kuala Lumpur is known to be a city built for cars and in some areas, there are no proper pedestrian walkways and paths for cycling. Malaysia stands third in the world for car ownership consisting of 93% of households. During the humble times of post world war 2, bicycles and trishaws were commonly seen, until the 80\u2019s with the creation of the national car, Proton. Malaysia was determined to be a developed nation proudly filled with locally built motor vehicles. From then on, the number of bicycles diminished and were used in small towns and kampungs where most journeys were just a stone throw away.\n\n\nWhat Changed?\n\n\nCycling started to become a trend, many Malaysians were picking up cycling as a new hobby and some as a cheap an efficient way to get to school and work nearby. Volunteers such as \nJeffrey Lim\n started to cut down a path utilizing crowdsharing by making it possible for cycling more adaptable to others on navigating Kuala Lumpur\u2019s concrete jungle.\n\n\nOn social media, viral videos of stories such as The Malaysian who traveled from \nKL to London by bike\n or the \nKorean girl\n that cycled around the world for 60,000km in 5 years started to inspire others to do the same.\n\n\nMajor cycling events like the Car Free Morning in KL and the recent OCBC CYCLE 2017 increased the participation of cyclist bringing Malaysians from all cultures and backgrounds together on a journey towards unity and tolerance. These are just some of the few grass root movements that could potentially increase demand for cycling in Malaysia.\n\n\n\n\nA healthier start\n\n\nProfessor Sugiyana did a study in North West Adelaide Australia in 2016 that the distance of residential areas is directly related with the circumference of its working adults. The main causes of this include the lack of active travel and excessive time spent sitting in cars. This is relatable for many KL lites who spend their days traveling to and from their workplaces and schools. The world bank data shows that \ntraffic congestion\n wastes between 270 and 500 million man-hours in KL jams in 2014. Imagine the amount of overall weight gained by Malaysians in that year.\n\n\nA sustainable city\n\n\nFrom the ever-rising fuel prices in Malaysia to a greater consciousness of our impact on the environment, Malaysians started to implement sustainable acts from using reusable bags to increased usage of public transportation and cycling.\n\n\nDBKL project management executive director Datuk Mahadi Che Ngah said the city was moving towards sustainable living and steering its citizens to embrace a healthier way of life. This moves accompanied other policies ranging from reduced car parks and more park and ride facilities that encourages public transportation usage.\n\n\nFurthermore, in conjunction of the world urban forum on February 2018, Kuala Lumpur will have its \nfirst \never dedicated bicycle lane that stretches for 3km through the heart of the city. This was announced by Kuala Lumpur city hall senior deputy director. Although its currently in its testing phase on its feasibility and benefits, it may be a catalyst to a greater change, one that will determine our choice and method of commuting around.\n\n\nOther States\n\n\n\n\nPenang is already on its way of becoming a bicycle friendly city as it has begun allocating bicycle lanes while cleaning up existing back lanes. This is especially prevalent in Georgetown making it a less congested city and aiming to boost tourism. The Penang Island City Council (MBPP) mayor Datuk Maimunah Mohd Shariff said that currently with 25 bicycle stations, Penang is working its way towards being more connective and residents are able to safely cycle from one island to another.\n\n\nMeanwhile in Johor, Medini City\u2019s \n22 km bike lane\n kicks off as an attraction for residents to enjoy the scenery and public art displays. Additionally, RM1.5 million was allocated to the construction of bike lane and pedestrian pathways in \nIskandar\n Johor.\n\n\nThe rise of bicycle ride sharing\n\n\nThe rise of bike sharing start ups also contribute to the trend as they begin making a footprint here in Malaysia. The commonly seen obike bicycles are starting to be used more frequently but with recent penalties with the local government, there is a need for greater collaboration and understanding between all parties involved.\n\n\nCycling around KL used to be unsafe and impractical but with greater interest from Malaysians, we are sure to see a growth in greener transportation.\n\n\nDo you cycle or plan to cycle around KL? Tell us what you think.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nUncategorized\n \n\n\n\n\nTagged\n\n\nKuala Lumpur\nlifestyle\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nRecipients of the recent Asia Property Awards 2017 (Singapore)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Tips on How Real Estate Agents can Futureproof Themselves\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/14/5-tips-real-estate-agents-can-futureproof/", "title": "5 Tips on How Real Estate Agents can Futureproof Themselves", "body": "\n\nWith the world changing at such a rapid rate and much uncertainly awaits in the future, is there a way to stay and thrive in the real estate market? In our other \narticle\n, we explain the impact of technology in relation to real estate agents. Here are some tips that will help you stay and improve your game at the property market. Not a property agent?, don\u2019t worry you can still apply these tips to stay relevant in your particular field.\n\n\n1) Focus down on a niche\n\n\nThe barrier to entry on becoming a real estate agent is lower in Malaysia compared to other countries. With so many other agents operating around, how do you stand out from the rest?\n\n\nOne way is to focus on a particular sector or niche. Don\u2019t be the agent who is briefly known to have a some listings all over the country.\n\n\nPeople are more likely to remember and consult someone who is focused on a particular area of expertise. Do you have a client with a fleet of condos ready to be rented out to students? Spread the word around that you are the go to person for student accommodations.\n\n\n2) Network and Socialise\n\n\nIn our current age, the knowledge economy allows us to work productively based on our current expertise, however we are limited to our physical capacity to remember and apply our skills when we need it.\n\n\nThere is no longer a need to memorize facts with the sheer power and speed of our devices in our hands. When knowledge is easily accessible to everyone, everywhere at anytime, it is essential that we look back at our roots to see what differentiates us from our others.\n\n\nAgents with better networking and social skills will gain an upper hand in the industry. Building an emotional connection with a client and helping them act in their own best interest will be an advantage.\n\n\nAdditionally, in an increasingly interconnected world, the increasing likelihood of people traveling abroad, sparks in foreign investment growth, and interaction of people from distinct cultures, it is imperative that agents prioritize building up their networks.\n\n\n3)Build up your experience\n\n\nEveryone knows that experience is important in every industry, and people look for these experts. Although the number of years worked in a portfolio does not equal to assured reliability, people tend to respect and trust those that had plenty of cases and projects in past portfolios. Agents with better experience will tend to have a larger pool of resources to work with.\n\n\nFurthermore, the tendency to provide insightful analysis on a particular area or market is more likely. If possible brush up on any pending how to\u2019s whether its a new legal clause or an amendment in the purchasing process.\n\n\n4)Work with technology\n\n\nThe rise in popularity of Massive Open Online Courses (MOOC) is not accidental as people from different backgrounds learn new things that can be applied into industries while it couldnt be done in the past. New real estate \ncourses\n are being added frequently and some of them teach the application of technology in the real estate industry.\n\n\nMore and more technologies are being made ready for estate agent use and one cannot deny the potential and possibilities that they deliver. Lead generating sites such as Bumbung allows listings to work for them so that they will have more time to meet up with clients when needed.\n\n\nAiva, a virtual assistant CRM for real estate agents makes managing customers relationships easier and automate some of the tedious processes throughout the day. Software like these are packed with features that filter serious clients through the sales funnels or are able to re target cold leads.\n\n\nWork with technology and do your best to automate your tasks to the machines, you have a key skill that comes into play on the next point.\n\n\n5)Empathy\n\n\nHave you ever had a conversation with a call-center operator? Does it sound like they are reading from a preset script making you feel like \u2018just another client?\u2019 For every spark of a business relationship, empathy plays a vital role role. Estate agents must begin by understanding the feelings of others and their problems.\n\n\nBy listening attentively, the agent will be know how to react and deliver his/her services appropriately and in essence the client will be satisfied. Always try to understand the underlying needs and feelings of the prospect to deliver well. Customers can feel whether you really care or not.\n\n\nThe Takeaway\n\n\nThis comes to conclude that change and innovation must be embraced to be applicable to the ever changing market demands. Do you have anything to add? Let us know in the comments below.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nAgents\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nKuala Lumpur\u2019s Journey to Becoming a Bicycle Friendly City\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow Foreigners can Buy and Rent Homes in Malaysia with Bumbung.co\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/17/foreigners-buy-and-rent-homes-malaysia-bumbung/", "title": "How Foreigners can Buy and Rent Homes in Malaysia with Bumbung.co", "body": "\n\nFinding a property in a foreign country\u00a0 as a foreigner can be nerve-wracking. Imagine this, as you roam around this foreign land looking like a lost puppy, looking for a place to live for the next few months or a few years. You start getting approached by a stranger offering you a deluxe apartment complemented with a bargained price. Should you trust him/her?\n\n\nSo many factors to come up when you look for a home, Is this a safe place to stay? Does it fit my personal requirements? Will I be able to afford it under my current budget? And most importantly, can I trust this person to deliver the promise or is there a flip side to it?\n\n\nOur Co-founder Claire had the same difficulty finding a home in Malaysia. Back then in 2014, when she first moved to Malaysia. She faced an overwhelming process, the language barrier may have been a clear obstacle, but there were more, the process differed greatly from the French housing system, she met sly agents attempting to trick her while being offered low-quality pictures of the listings. Additionally, being up-sold alternative listings that didn\u2019t match her requirements or budgets was not welcoming.\n\n\n\n\nBumbung.co aims to ease up the property search for everyone, including foreigners and expatriates. A search for a house should be as simple, and easily accessible and most importantly transparent. Fitting and adapting to a foreign country is not easy, From culture shock to homesickness, there is so much to learn. To ease down the way, we streamline the entire process to be simplified while refining our platform to be credible.\n\n\n\u00a0\n\n\n\n\nThe process is simple and straightforward.\n\n\n\n\nKey in your preferred property requirements and budget range. The more details you share, the more precise your results will be.\n\n\nA new lead is then formed, when your request is matched. You will be notified and given a few choices for you to choose from.\n\n\nOnce you\u2019ve decided on a particular home, we will provide you the details of the person responsible for the property.\n\n\n\n\nWhen requesting to rent or buy a property with us, no payment is required. If you have any inquiries, don\u2019t hesitate to email us at contact@bumbung.co.\n\n\nWe wish you all the best in your quest for a new home. Good Luck!\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nKuala Lumpur\nMoving\nNew home\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Tips on How Real Estate Agents can Futureproof Themselves\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat will the Property Freeze mean for Malaysia\u2019s Property market.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/21/property-freeze-mean-malaysia-property-market/", "title": "What will the Property Freeze mean for Malaysia\u2019s Property market.", "body": "\n\nBank Negara recently revealed that there is currently an oversupply of property in the market with 130,690 unsold units in Q1 of 2017 with majority of these units being high rise luxury apartments. This marks twice as many compared to the historical average of 72,729 units in a year between the year 2004 and 2016. These numbers recently prompted the government to \u2018freeze\u2019 certain property developments with unit prices above RM1 million in value. The recent property freeze means that there will be additional scrutiny before approving the development for certain types of properties.\n\n\nOne cause of the glut is the recent upsurge of property developers in the KL and Selangor area wanting to get a piece of the action. Many recent developments around KL were built to be luxurious condominiums despite a greater demand for affordable housing.\n\n\nMany developers feel that building affordable homes is not financially sustainable and opt for higher end projects.Aside from that lenient granting of loans from banks in the recent years made borrowing easily both for developers and home buyers.\n\n\nHowever,with the recent hike in cost of living such as GST and the constant rise of fuel prices as well as other factors such as the weak ringgit, Luxurious housing affordability is out of the question for many Malaysians.\n\n\nThe question arises if banks are willing to provided lower lending interest rates with possible risks of borrowers defaulting in the event of a market crash and if the government might have a solution to increase sales.\n\n\nThe property freeze is announced to be \ntemporary\n and done on a case by case basis, relieving some market sentiments that triggered a slight downfall on the property index by 1% and closing at 0.81%.\n\n\nKenanga Research\n said that they did not expect that the government will freeze luxurious properties given that while the property market had been stabilized with most developers now focusing on affordable homes, the demand for commercial spaces and luxurious condominiums had been weak recently.\n\n\nThey anticipate that lending rates next year will increase by 5-6% in monthly mortgage payments for people with a 90% margin of financing. As of now the freeze is a just away to bring awareness to developers to see if there is a market for their projects.\n\n\nAs of now, the types of properties limited to the freeze only shopping complexes, offices, serviced apartments and luxurious condominiums. At this time, the freeze only covers areas such as Kuala Lumpur and Selangor but there is no confirmation yet if it will cover other parts on Malaysia especially Johor having a large oversupply of luxurious homes.\n\n\nThe state government is already considering softening regulations on foreign ownership. If this initiative is implemented nationwide, developers in every state might be affected and forced to change their overall strategy and specifications.\n\n\nThe property market is a sensitive one, especially the housing sector, being an indicator of standard of living, spending power and employment, among others. If Kuala Lumpur aims to be an advance city by the year 2020, it must first solve its lopsided demand and supply equilibrium.\n\n\nThe property market situation risks affecting other sectors of the economy up to \n120 different industries\n according to Bank Negara.\n\n\nTo solve this, the enactment of the residential tenancy act and the creation of the Tenancy Tribunal intent to protect the rights of landlords and tenants. More careful planning will be needed in the future between developers and local councils to make sure an area has adequate amenities and sufficient demand from people looking to stay. At this age, good public transportation connectivity is a must in new developing areas.\n\n\nThe question is what will happen in the upcoming year of 2018, will the property market crash with many home loans being defaulted, is there an alternative solution to solve this property glut? Share your opinions with us in the comments below.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nMarket news\nNews\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow Foreigners can Buy and Rent Homes in Malaysia with Bumbung.co\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Ultimate Guide to Researching an area before Buying a House\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/11/29/ultimate-guide-researching-area-buying-house/", "title": "The Ultimate Guide to Researching an area before Buying a House", "body": "\n\nResearching a property area before even considering a home purchase can save you time and prevent a regretful purchase. Doing the legwork ahead of time will not only familiarize with the area but also prepare for the unexpected. The tendency to rush through a house viewing and proceed with the deal will only spell trouble. With this guide you will know what to look for when browsing for homes in an area.\n\n\nSearch online\n\n\nA quick search online will give show the average property price and recent sold price. Look for similar properties in the area with the similar features. This comparable will give an average figure on what you will be paying for and to check whether the prices are reasonable to purchase.\n\n\nDo a drive by\n\n\nThe beautiful picture you see online on listing sites should only be for your eyes only. Cleverly edited and strategically angled photos may be deceiving. You should go and see the property in its true form even before viewing the house. This will give you initial thoughts and more time for consideration. Aside from that you might find a different property nearby that is more suitable for your taste. If possible do a drive by at different times of the day and night to see the changes in the atmosphere and feel of the place. Driving at night can give you an estimate of the occupation rate of a high rise or a housing area.\n\n\nDirection\n\n\nSome people may feel that the direction of the house is a concerned only adopted by \u2018Feng Shui\u2019 enthusiast, but the direction a house is facing can decide whether you might live in peace or discomfort. Its facing direction will be the difference between a bright and warm house to one that is gloomy and dark. If you are an avid gardener, the direction of the house will determine if your plants will bloom or wither away.\n\n\nLocal government bylaws\n\n\nThe different housing authorities designated have different bylaws and policies, whether it entails renovation restrictions and special rules that must be followed. It\u2019s better to visit or call up to ensure you are not unknowingly breaking any laws and or risk getting fined. This can range from parking rules, recycling methods to botanical regulations.\n\n\nTraffic jams\n\n\nTraffic jams can be a real hassle, especially during peak hours and holidays. It can be a source of stress and a determining factor in your daily life, such as where to eat, shopping and commuting. If you have to leave your house early in the wee hours of the morning. Often high traffic areas have wider amenities and services to offer, but the congestion may not even be worth it.\n\n\nCrime rates\n\n\nIf you live in a city, the crime level is essential for consideration. Sleeping with a piece of mind while commuting safely around the neighbourhood is important for a healthy well being and often high in priority on one\u2019s purchasing checklist. The local newspaper can tell how often a crime happens in an area. One thing to add is that the crime level will affect the demand and the value of houses in the area. The site \nnumbeo\n provides crowd sourced data which you can use to get a feel.\n\n\nThe residents\n\n\nJust by glancing at pedestrians and your potential neighbours can give you a general feel of an area, talk to the people living in the area to get some local information on living there. Who knows? You might get an honest disclosure in the future house you might be living in.\n\n\nAccessibility\n\n\nIs it easy to get to public transport. Check the road conditions. Are there plenty of potholes? It may be a sign of neglect in road maintenance in the area or it is a sign that plenty of lorries and trucks pass by the area. This may be a safety concern to some people when they go for daily walks or leave their house for work. Additionally, it\u2019s a bonus if your house is located next to a main road, but there might be traffic and privacy implications that come with it.\n\n\nAmenities\n\n\nIs there a supermarket nearby and a row of shops? Convenience is important and some people might overlook it until they start living in the area. Do you have to drive for half an hour just to get some groceries? List down all the must haves and check it along as you do your research. Check if there is a nearby gym, sport centre or swimming pool if you require one. Look out for public parks and public art displays such as fountains and statues, apart from the perceived rise in standard of living, it can boost the attractiveness of the area.\n\n\nAmbience\n\n\nIs the property located next to the highway? Is there a train track or upcoming rail development? Are you near an airport or underneath a frequent flight path? Is there a rowdy bar nearby or maybe a mamak store? The noise levels directly influences the quality of good sleep you will have when you live there.\n\n\nSchools\n\n\nHighly prestige schools are known to increase the property value of houses in the area. Homeowners owning homes in an area normally have a consistent stream of tenancy from students studying in nearby universities or families looking to move near the schools. If you are planning to send your child to a local government school, Check with them on their catchment area. Houses on the opposite site of an area may be registered under a different area.\n\n\nSufficient Drainage\n\n\nIn the recent case of the Penang floods, it is important to choose an area that is not flood prone or at least an area with better elevation and proper drainage. Check out the drainages around the area, in Malaysia, most drainage are openly exposed without cover to ensure maximum inflow of rainwater. Are they large enough to accommodate for a heavy rain? Are they filled and clogged with trash? Does the water look like its thoroughly flowing through? This is important as clogged drains are a health hazard, water born diseases and mosquito larvae thrive in these conditions, spawning a higher chance of contracting diseases and other illness.\n\n\nIt can be thrilling when you are planning to move into a new home but remember that a home is a long term commitment. Many factors come into play when moving\u00a0to a new area that you are not familiar with but this guide will give you a upper hand when you know what to look for. The more informed you are, the better the results\u00a0of your decision. We wish you the best on your next house hunt!\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nMoving\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat will the Property Freeze mean for Malaysia\u2019s Property market.\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nShould you Choose a High Rise or Landed Property?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/07/choose-high-rise-landed-property/", "title": "Should you Choose a High Rise or Landed Property?", "body": "\n\nTraditionally, landed property has been the most by property type for the baby boomers. Given that the more land you had, the higher your status and stability you become in the face of society. The amount of land you had was a sign of wealth. The basis of this traditional thinking was that if you needed cash at hand, you could always sell your land or house. However, in recent times, the development of luxurious high rise has proved to be an advantage especially when new demands and requirements.\n\n\nWith the rise in price and scarcity of land, buying a landed property has become less fitting for young millennial and many groups looking for a place to stay.\n\n\nThe property Value\n\n\nLanded properties have the advantage of a higher capital appreciation of the long term compared to high rise properties, If you have bought land many years ago, you will find that the land value appreciates over the years despite economic conditions. This is because the quantity of land slowly reduces over time as more development starts. This raises the price of land and any available land are quickly acquired and sought after by developers looking to increase their land bank.\n\n\nLower range, high rise typically has a lower deposit. This reduces any barriers for anyone looking to own a property. Many who own condos, find that their property value appreciation slows down over time as the condition of the property deteriorates. When the property becomes old, the vacancy rate might increase as people choose to move to emerging areas with higher property values. This leaves you owning a property with lower demand.\n\n\nParking Space\n\n\nIf you live in the heart of the city, you will be forgiven if you don\u2019t own a car. Given the convenience and availability of public transportation. Parking in a high rise can be expensive, in some properties, a limited amount of parking pays forces residents to pay a monthly fee to reserve a parking space.\n\n\nOwning a landed property is different, most landed properties are built with a parking bay in mind given that most Malaysians are car owners. If you have an additional car, road parking is always an option.\n\n\nRegulations\n\n\nHigh rise properties are basically a cluster of strata units all fitted together, with many inhabitants living inside. To ensure less problems and more control, there have been often many strict regulations and rules that must be complied upon signing the agreement.\n\n\nA different set of regulations is associated with landed properties, these ranges from renovation guidelines to different bylaws governed in the local area.\n\n\nViewing perspectives\n\n\nThe\u00a0view outward is an important factor when one decides the type of property.\n\n\nOne of the reasons why some prefer the high rise lifestyle is the breathtaking view of the city especially at night. Imagine coming home after work and as you settle down with a cup of chamomile tea. You start to gaze at the brightly lit skyline topping it off with the starry night. When purchasing a high rise property, the view of a particular unit can determine if there is demand or not.\n\n\nOn the other hand, Landed properties might be restricted in scope of available views, given the low height of the house, the view may just be limited to your neighbour\u2019s house. However, landed properties situated on the hillside with ample view can fetch a high price tag.\n\n\nMaintenance\n\n\nThe responsibility in maintenance with Landed properties rests in the hands of the landlord or owner, to maintain the condition and aesthetics of the property, however the tenant must also keep the property in working order. Depending on the size of the property, the maintenance of a landed property may appear higher compared to a high rise.\n\n\nWith high rise properties, a monthly fixed cost is charged to all homeowners to upkeep the maintenance and repairs of common areas and facilities. This ranges from facilities such as the lobby, gym, common walkways, swimming pools and more, it is imperative to hire an experienced management team. The state of common areas and the facilities directly impacts the value of all units in the property.\n\n\nIn a nutshell, it all comes down to your preferences and choice of lifestyle, but it first comes down to your intentions. If you aim to live there, make use that it fits your requirements and let your heart out on the design process. However, if it comes down as an investment choice, ensure that the your budget fits the type of property you choose to manage. High rise units are common investment choices given the low down payment and potential yield. On the other hand with owning land, capital appreciation will rise as the years go by.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\n \n\n\n\n\nTagged\n\n\nbuying\nliving the city\nNew home\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Ultimate Guide to Researching an area before Buying a House\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSales and Purchase Agreement (Sub Sale) in Malaysia Guide\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/12/sales-purchase-agreement-sub-sale-malaysia-guide/", "title": "Sales and Purchase Agreement (Sub Sale) in Malaysia Guide", "body": "\n\nWhat is a Sales and Purchase Agreement?\n\n\nA Sales and Purchase Agreement (SPA) is a contract between a buyer(s)/purchaser(s) and a seller(s)/vendor(s) that contains all the agreed terms and conditions that binds both parties during a property transaction. The completion of a SPA typically occurs when the vacant possession of the property is successfully and wholly passed from the seller(s)/vendor(s) to the buyer(s)/purchaser(s).\n\n\nGenerally with sub sale agreements (i.e. where the property is question is transacted from the secondary market and/or where the seller(s)/vendor(s) is not the developer of the property),no law or statute provides for a prescribed form of the SPA. As such, the terms and conditions of a sub sale agreements are purely commercial and are drafted to reflect the agreed negotiated terms of the transacting parties.\n\n\nThis contrasts sharply for new properties purchased from the primary market (i.e. directly from the developer as the law (the National Land Code) provides for a statutory from of SPA that parties need to adopt. Notwithstanding a form for SPA is not prescribed for transactions of the secondary market, today\u2019s marketplace nonetheless adopts a large extent of the prescribed statutory SPA in the National Land Code albeit with the necessary amendments to cater the SPA for their specific transaction.\n\n\nTerms and Conditions stated in the SPA\n\n\nThe terms and conditions of\u00a0 a SPA must include the details of the property, details of all parties involved in the transaction (such as, where relevant, details of the seller(s)/vendor(s), the buyer(s)/purchaser(s), solicitors and financiers), type of loan/financing (if any), mode and timing for of delivery of vacant possession of the property and other negotiated and mutually agreed arrangements, terms and conditions throughout the tenure of the transaction.\n\n\nFor transactions of property in the secondary market, additional emphasis should be paid on specifically negotiated and agreed terms and conditions that are not found in the prescribed statutory SPA in the National Land Code. These specifically negotiated and agreed terms and conditions may include details pertaining to any imposition of time frames and milestones for the transaction, special and/or additional conditions precedents required on or before vacant possession of the property is delivered, any obligations of the parties, calculation, timing and payment of taxes and other, outgoings, as well as any negotiated termination clauses.\n\n\n\u00a0The buyer(s)/purchaser(s) must be aware of and be proactive in preparing all the necessary documents needed at each milestone for a timely progression of the transaction as well as the due date for payment of any outgoings. Conversely, the seller(s)/vendor(s) must ensure the timely delivery of the vacant possession of the property unit within an agreed stipulated time once all condition precedents are satisfied by the buyer(s)/purchaser(s).\n\n\nProcess of the SPA\n\n\n1) Booking Form\n\n\nThis is a letter stating you that the buyer(s)/purchaser(s) intents to purchase the property and can be prepared by the buyer(s)/purchaser(s)\u2019s agent or lawyer. Typically, a deposit payment of between 2% to 3% is paid when this letter is signed and dated. This letter (typically referred to as a booking form) is not a legal requirement but can nonetheless be used if the transacting parties decide to do so.\n\n\nAfter the booking form is signed and dated, the buyer(s)/purchaser(s) will have to secure any relevant financing it requires. The buyer(s)/purchaser(s) typically has 2 weeks from the date of the booking form to secure this financing \u2013 this timeline of 2 weeks can be negotiated by the parties before signing the booking form.\n\n\nIf the buyer(s)/purchaser(s) is unsuccessful in securing the required financing for the purchase of the property, the deposit paid can be refunded to the buyer(s)/purchaser(s) provided that such an option to refund has been negotiated, agreed and recorded into the booking form prior to signing of the same.\n\n\nIn addition to securing the necessary financing (if needed), both the buyer(s)/purchaser(s) and the seller(s)/vendor(s) would also need to appoint their solicitors who would be representing and advising them this point on with regards the negotiating and drafting of the SPA. There may be up to four (4) solicitors for a transaction, they are (i) the buyer(s)/purchaser(s)\u2019s solicitor; (ii) the buyer(s)/purchaser(s)\u2019s financier\u2019s solicitor; (iii) the seller(s)/vendor(s)\u2019s solicitor; and (iv) the seller(s)/vendor(s)\u2019s financier\u2019s solicitor.\n\n\nParties are typically advised to refrain from signing any form of SPA until (i) the necessary financing has been secured; and (ii) solicitors have been retained and mandated for each of the transacting parties.\n\n\n2) Signing the\u00a0SPA\n\n\nOnce all terms and conditions of the transaction have been negotiated, agreed by all parties, built into the SPA and the SPA is signed, all parties must adhere to and fulfill the terms and conditions contained in the SPA. A further payment of between 7% to 8% of the property price is typically paid at the point the SPA is signed and dated. Failure to fulfil terms and conditions of the SPA may result in the forfeiture of the deposit as well as any legal fees paid and/or due.\n\n\n3) Completion of\u00a0SPA\n\n\nUpon signing of the SPA and paying for the 10% deposit, The remaining 90% of the agreed price must be paid within 3 months from the date of signing.\n\n\nIf the buyer(s)/purchaser(s) fails to pay the remaining funds within the \u2018completion date\u2019 or the \u2018balance sum\u2019 stipulated in the agreement, there will usually be a 1 month extension to settle it. As a penalty an interest will be charged until the full receipt of payment.\n\n\nIf the buyer fails to settle the balance within the completion date or the extension date, the 10% deposit will be available for forfeiture to the seller as liquidation damages. Any additional money paid in excess of the deposit is normally refunded back to the buyer(s)/purchaser(s).\n\n\nCancellation or Termination of an agreement.\n\n\nAn agreement can be cancelled at any time, but normally 10% of the purchase price will be charged under the termination and indemnity clause. However, if there is a specific performance clause that binds the vendor(s) or buyer(s) to be fulfilled, there may be a legal case involved to enforce the terms resulting from the breach of agreement.\n\n\nAdditional Information\n\n\nWhen buying a sub sale property, you will need to submit the 14A form alongside the sales and purchase agreement. The form 14A is a memorandum of transfer, which transfers the interest of the owner to an assignee specifically on strata and individual title properties. Furthermore, you will need to submit the stamp duty form with both of the above documents.\n\n\nIf you have assigned an agent, it is normally advisable to pay only after the entire process has been completed.\n\n\nConclusion\n\n\nThe S&P agreement can be a secured and enforceable document to smoothen the property transaction, provided that the terms are clear and the deal doesn\u2019t work against you. As mentioned earlier, with Sub sale properties there are no compulsory terms needed to be adopted. You can mutually agree on any terms negotiated with the other party.\n\n\nEnsure that all your intentions and requirements are communicated to lawyers of both parties and stated within the agreement itself before signing it.\n\n\nWe hope that this guide will provide a general overview of the sales and purchase used when dealing with sub sale properties in Malaysia.\u00a0If you have any questions or looking to share your opinion, feel free to send us an email at \ncontact@bumbung.co\n or leave a comment below.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nproperty\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nShould you Choose a High Rise or Landed Property?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhat happens when you have a bad credit score?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/15/happens-bad-credit-score/", "title": "What happens when you have a bad credit score?", "body": "\n\n\u00a0\n\n\nCredit scores are a buzz all over the media in other countries. However, some Malaysians have not grasped the importance and understanding of the various credit ranges and how they affect their finances.\n\n\nYour credit score is an aggregate representation of your overall credit score comprising of 3 numbers that falls into different ranges. This score is derived from your credit report, a document that summaries your overall debts and payment history and is readily available to you through CCRIS and \nCTOS\n. Bankers and Creditors use this score to estimate the risk of you defaulting on the loan that you are applying for.\n\n\nYour credit card application gets rejected\n\n\nUsing a credit card comes along with great discipline and control of your personal finances. Banks are hesitant to sign you up if they feel that you might have a bad payment record. With high monthly interest rates, your probability of paying back the loan is weighed into consideration against the odds. Hence, having a good credit record will most likely get your application approved\u2026. in a nick of time.\n\n\nSlow approval of credit\n\n\nWhen applying for a loan or credit, speed is of the essence. Are you awaiting the approval for your loan while in the SPA process? Do you currently need some funds on your upcoming business startup? A low credit score would mean a longer time frame. The bank officer has to make additional considerations, deeper scrutiny on your application or meeting with relevant parties before finally deciding to approve your application.\n\n\nUnfavourable credit packages\n\n\nA higher risk would mean a high risk individual to the bank. To protect themselves, they would need a higher return on interest when offering you one. Accepting a credit package with a higher interest rate is no joke, your overall financial health will drown under the compounding effect working against you.\n\n\nSome banks offer an interest rate tiers based on your credit score. This helps the bank to standardise the loan process, but it leaves little room for negotiation if the loan amount is not up to your requirements. Bankers are more likely to offer you better rates and benefits if there is a lower risk on them.\n\n\nAdditionally, one factor that many applicants look for in a credit card is the monthly credit limit. When signing up for one,a low credit score screams aversion towards the credit card issuer. Less trust on your credit health may mean a lower limit for you to spend monthly.\n\n\nLow negotiating power\n\n\nWhen negotiating for a new loan, a low credit score leaves you limited choices and rates. Banks are sceptical with your ability to repay the loan and they may feel that they have little to gain from offering you a loan. Thus, a higher credit score may give you more bargaining power when dealing with your banker.\n\n\nLow credit card deals\n\n\nA low credit score may mean a high risk client to the bank. In any case, they may be reluctant to offer you a better rate on your credit card application. Unlike premium credit card packed with rewards and attractive rates, you may be offered a basic deal with high interest rates and annual fees. A better credit score will provide perks that are only reserved for those with an excellent credit history.\n\n\nStress and unrest in your\u00a0family\n\n\nResearch has shown that many \ndivorces\n stems from money issues. Without proper financial management, families can be separated, loved ones becoming enemies and crumbling long time partnerships. Be sure to contemplate over your partner\u2019s spending habits and borrowing behaviour before even considering marriage.\n\n\nMoreover, having many obstacles on obtaining credit can be disheartening. Many people are forced to get money through illegal means such as loan sharks and unlicensed creditors.\n\n\nAnother thing you should know is that Banks and financial institutions take into consideration your partner\u2019s salary, his/her credit score and even assets. Despite being separate individual profiles, they become a consideration when applying for a home loan or a car loan. If the joint account between you and your spouse accumulated some bad credit. The banks will view the overall finances and may impose a higher interest rate.\n\n\nConclusion\n\n\nAs pointed above, the credit score stands on a fine line between an opportunity or a setback. It can make or break a financial decision, leaving you in a rut or providing leverage on a new mortgage. If your credit score is not as up to your expectations, start taking baby steps towards getting a good credit score. Soon enough, you will reach your financial goals with persistence.\n\n\nDo you know how to check your credit score? We have a \ntutorial\n to help you with that.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nbanks\ncredit score\nfinance\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSales and Purchase Agreement (Sub Sale) in Malaysia Guide\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBest Traffic Live Maps that help you plan your Journey\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/19/agent-2021-conference-year-agents-entrepreneurs/", "title": "Agent 2021. The Conference of the year for Agents and Entrepreneurs", "body": "\n\nAgent2021, the\u00a0conference of the year for Real Estate, auto dealership, insurance and travel led by worldwide renowed\u00a0Youtuber, Digital Marketer and Influencer Gary Vaynerchuk and VaynerMedia. The event is geared towards both agents and business owners and will be held at Miami\u2019s Hard Rock Stadium on January 24, 2018.\n\n\n\n\nThe event will be featuring speakers such as Andy Frisella, one of the world\u2019s leading authorities on customer loyalty and company culture and Chris Smith, Bestselling author of the conversion code and co-founder of Inc. Its also a must to say that Chris is the leading authority in the real estate industry on Facebook Advertising and modern sales tactics.\n\n\nAnother notable figure to note is Ryan Serhant, who will be sharing personal branding insights in a 45 minute fireside chat with Vaynerchuk in the real estate track of the conference as well as a guest on Vaynerchuk\u2019s Q&A show #AskGaryVee. Be sure to check it out on Youtube.\n\n\nAccording to Ryan, Digital marketing and innovation has been a huge differentiator for him in the New York City real estate industry and for his television shows including his newest project Sell it Like Serhant.\u00a0Make sure to check out his work for disruptive marketing tactics for standing out in the real estate industry.\n\n\nWhat is happening at the event?\n\nThis event was created with the needs and wants of small and medium sized enterprises. Are you planning on going for the event? Get ready to receive massive value from the experience. VaynerMedia never ceases to deliver on practical industry oriented information and strategies.\n\n\nThe day will start with a keynote address from the one and only Vaynerchuk with panel discussions such as real estate coach Tom Ferry and real estate developer Beth Clifford. Speakers and attendees will group up based on expertise and areas of interest leaving only highly valued information relavent\u00a0for\u00a0you to take away from the event.\n\n\nNotable topics will include how agents can develop their personal brands, how to generate sales leads using social targeting and how to leverage influencer for your business. Learn highly impacting and useful skills that will make a difference to your business and disrupt your industry.\n\n\nTo purchase tickets or find out more on the event, visit \n//agent2021.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\nBusiness\nevent\nMarket news\nNews\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBest Traffic Live Maps that help you plan your Journey\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nUnderstanding Sub sale property in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/19/live-traffic-maps-plan-journey/", "title": "Best Traffic Live Maps that help you plan your Journey", "body": "\n\nLive map apps are commonly found on our smartphones but did you know that there are various live maps available on the web which are easily accessible by your laptop?\n\n\nHave you ever had a\u00a0need\u00a0to plan a trip in advance but worried that uncertain traffic conditions might steer your travel plans of course?\u00a0Are you\u00a0planning the best time to leave your house to avoid the usual crawl to get to the airport on time. Want to know if the\u00a0congestion caused by a car accident has cleared up?\n\n\nThe following live map web apps will give you all the insights you need to gain a upper hand over any monstrous traffic conditions.\n\n\nWaze\u00a0Live\n\n\n\n\nProbably the best option from this list. Waze uses live traffic data crowd sourced from Waze users all over world in real time. Given that users are consistently reporting events and traffic to the app, the live data displayed from the app is possibly the most accurate traffic information you can get.\n\n\nAside from the various routes fitted with their journey time and distance, Waze has the perk of live reports generated from its mobile app. This ranges to the general traffic reports to specific markers\u00a0such as police traps and road blocks.\n\n\nThe web app is simple and very functional for its purpose of checking the latest traffic information or planning\u00a0one sometime later. Under the search bar, there is an option of checking the condition of\u00a0a route for a choosing a specific hour. Compared to other services on the list, there is currently no option to see the typical traffic of a future date.\n\n\nFor its purpose of simply checking for traffic and directions without all the bells and whistles, Waze live maps does it well.\n\n\nGoogle Maps Traffic\n\n\n\n\nDid you know that you could check for traffic information using google maps? Yes, you can and it\u2019s quite reliably equipped with multiple features. In the top left menu bar, you can select traffic. Alternatively, you could just search for an area traffic in the search bar such as \u201cKuala Lumpur traffic\u201d and it will show the traffic results in the area.\n\n\nOne handy feature that google maps have over others is the option of switching from live traffic to typical traffic at the bottom bar. It allows you to tweak the slider to check the typical traffic flow during a time or a specific day.\n\n\nNeed to plan out your journey in advance? Google maps is one of the best place to do your research in advance and avoid the dreadful crawl.\n\n\nBing Maps Traffic\n\n\n\n\nSome people use Microsoft\u2019s bing maps as their go to option although it may not be as popular\u00a0with many. Navigation in bing maps feels fast and convenient. Their material design of their user interface breathes simplicity and ease of use.\n\n\nPersonally, I particularly like their multiple tabs feature that allows you to search multiple journeys and places at a time. This gives me more room to switch\u00a0between journeys and compare them with my travel plans. This feature gives an upper hand over google maps which restricts you to search for one journey at a time.\n\n\nTo use Bing map\u2019s traffic feature, select the \u2018more\u2019 option next to the search bar and select traffic. A cool feature that Bing maps have is the ability to view road camera images of live traffic. This gives you an idea on what to expect when you start your journey.\n\n\n\u00a0\n\n\n4)HERE.wego\n\n\n\n\nHERE Wego is more commonly known for their highly rated offline navigation\u00a0apps in the google play store and apple app store. If you are travelling around in a foreign country with limited to no mobile data, HERE Wego is very convenient for offline navigation.\n\n\nIn their web app, there is a handy traffic list column below the search bar that list down all the traffic congestions\u00a0 based on the view you see in your screen.\u00a0With their main navigation feature, you will be able to get directions around selected areas with various forms of transportations from public transportation to bike journeys. Some cities, even include taxi and car sharing navigations.\n\n\nAlthough the traffic information can be said to be fairly accurate, it suffers from its limitations. HERE wego is the limited traffic data, narrowing its functionality to mainly \nmajor cities\n in the world. Other than that, navigation with here wego\u2019s mobile app is seamless and intuitive for any users.\n\n\nTOMTOM City\n\n\nScreenshot-2017-12-19 TomTom City(1)\nScreenshot-2017-12-19 TomTom City\n\n\nTomtom is notably known for their reliable GPS navigation products used in cars worldwide. Although their navigation\u00a0services and mobile apps required a fee or a subscription for the latest updated maps you might be interested in paying for the value it brings.\n\n\nThey have a free webapp that provides insightful and data rich reports for those who love their numbers. Their data is sourced from millions of GPS devices worldwide and real time traffic is displayed in their website. Detail data such as traffic congestion index to delay hotspots are marked in the map, giving you the relevant data you need to plan your journey.\n\n\n\n\nConclusion\n\n\nFrom traditional maps to satnavs,\u00a0directions and navigation\u00a0have always been a key feature in\u00a0these products. These days we have navigation apps that have revolutionized the way we drive incorporating traffic information and road events. Who knows what holds for the future of navigation? Driverless cars will probably be next. However, until that time comes, we should be grateful that we are able to access real time traffic information in the comfort of our home and knowing that we have a little more control over our journeys.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nCity living\nnavigation\ntips\ntraffic\ntravel\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhat happens when you have a bad credit score?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nAgent 2021. The Conference of the year for Agents and Entrepreneurs\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/21/sub-sale-properties/", "title": "Understanding Sub sale property in Malaysia", "body": "\n\nWhat\u00a0are sub sale properties?\n\n\nSub sale, also known as the secondary market\u00a0are\u00a0previously owned property purchased on the market where homeowners and investors interact through buying, selling and renting.\n\n\nThe sub sale market mainly consists of landlords who rent and lease their property out before deciding to sell it. With sub-sale transactions, both parties are free to negotiate any mutually agreed terms of an agreement. Unlike new properties which are governed by specific terms overseen by the housing authority, each sub-sale transaction can be different in nature.\n\n\nBreaking it down\n\n\nSub sale properties are known to appreciate slower compared to new properties in the primary market. This is because depreciation, wear and tear, and other factors are incorporated into the valuation procedures.\n\n\nThe sub sale market is attractive to investors looking to strike a deal on a potentially profitable property. When new properties are leased out or sold, they are listed and transacted through the secondary market.\n\n\nAn experience investor or homeowner will know when to exit the market based on economic, political and time varying conditions.\n\n\nWhy Sub sale?\n\n\nSub sale properties in the secondary market have the option for a house viewing before buying the property. Rather than imagining what it may look like from the models and brochures, you get to see the property as it is.\n\n\nBeing located in established neighbourhood is an added advantage as there are historical figures one can use to evaluate an area. Does the area have all the amenities you need and are they convenient to access?\n\n\nSub sale properties are ready for staying, allowing the buyer to move in shortly after the transaction has been completed less any damages or renovation required. Remember to check out if the property matches your requirements and if any existing damages is recoverable and worth the cost.\n\n\nWhen viewing the house, you get the opportunity to feel and imagine yourself living there. Take a deep breath and ask yourself if living there is really what you want for you and your family. Sub sale properties ,relieves some of the risk of staying in a new area and regretting the decision. Allowing more options to choose from is a liberating feeling during your property search.\n\n\nExisting fixtures and fittings are an added value to some. Sub sale properties are normally fitted with old or used goods such as shoe racks, gardening tools, cleaning equipment and more. This leaves you a smaller shoestring budget before renting it out. Additionally, it may already be fully or partially furnished, leaving you the hassle of furnishing the property.\n\n\nOne of the reasons for buying a sub-sale property is the lower price tag. New properties can be sold at a premium price as the property gains traction and demand. You may be able to negotiate for a good deal. House flipping old properties in the secondary market can bring in a good payout.\n\n\nSub sale properties are considered less of a risk compared to new development units launched in the primary market. Off plan units sold by developers are considered risky due to the uncertainty it brings. Sub sale property has a lesser risk overall and no development risk.\n\n\nAdditional notes\n\n\nThere are many incidents of sellers claiming to sell the particular unit, but they turn out to be a fraud and the buyer is left feeling cheated of their deposit. Make sure to verify that the property title belongs to the seller and there is no third party having an interest in the same property. You can personally check this by visiting the land office based on its attached district.\n\n\nWhen considering investing in sub sale properties, you will have to take into account the taxes, depreciation and interest. These factors heavily affect the profitability of the properties.\n\n\nWith the sub sale market comprising the bulk of property transactions, there is plenty of information needed to make a buying decision. Are you passionate about turning old homes into breathtaking airbnbs? Do you love to renovate houses and putting a little bit of personal touch? Do you love the challenge of turning old houses into beautiful masterpieces? Then sub-sale properties might be suitable for you.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nmarket\nsub sale\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nAgent 2021. The Conference of the year for Agents and Entrepreneurs\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSales and Purchase Agreement in Malaysia (New Property)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2017/12/27/sales-purchase-agreement-malaysia-new-property/", "title": "Sales and Purchase Agreement in Malaysia (New Property)", "body": "\n\nSales and Purchase Agreement for new residential properties\n\n\nThe sales & purchase agreement (also known as SPA and S&P agreement in Malaysia) of new uncompleted residential properties is a contract for the purchase of new uncompleted properties.\n\n\nTerms and Conditions\n\n\nThe completion date of the purchasing procedure must be stated clearly in the SPA. Some common conditions include the purchase price deposit, the balance deposit, the delivery date, vacant possession and the deed of assignment. Should there be any demands from either seller or buyer, these are to be agreed on beforehand and inserted as special clauses in the SPA.\n\n\nBecause of the laws governing the agreement, the terms are standardized and do not allow any leeway negotiations. Any changes or amendments of terms in the agreements are rendered void and unenforceable unless the developer is looking to offer better terms such as a shorter vacant possession period or a longer defect liability period. These templates are mandatory for off the plan residential properties sold by all housing developers. The stated laws are enforced by the Malaysian Ministry of Housing and Local Authority. The aim of this is to reduce the flood of litigation in the event an agreement is found to be ambiguous. The stated templates are Schedule G and Schedule H.\n\n\nSchedule G of the Housing Development (Control & Licensing) Regulations 1989 enforces the standard agreement for land, residential properties such as Bungalows and Terrace Houses.\n\n\nSchedule H of the Housing Development (Control & Licensing) Regulations 1989 enforces the standard agreement for strata title houses such as condominiums, flats and townhouses.\n\n\nHowever, if the properties are completed and then sold by the developers, the sale and purchase agreement can be written up from scratch or certain special circumstances may allow the developer to draft their own SPA if approved by the government.\n\n\nIn this case, there should be a Defect Liability Period clause in your SPA. During this warranty period, the developer is bound by the clause to repair any defects and damages that may have occurred due to construction flaws. Always consult a lawyer if you may require assistance in the SPA process.\n\n\nProcess\n\n\nThe time and medium of payment are important like any other contract. Unlike the relatively simple process of sub sale transactions which takes a much shorter period with readily available goods. New properties in contrast take a longer time and contains different billing stages.\n\n\nTo purchase a new property from a developer, a variable down payment sum is paid by the buyer in accordance with the loan agreement negotiated with the bank. The rest of the remaining payment will be settled in different completion\u00a0stages of the construction period. For example, Lets say that you are required to put down a down payment of 10%, you will be required to make the next payment when the foundations are completed, and the next when the structural frame is built and so on. The completion stages start from the ground level consisting of piling and building foundation. The next stage will be the Structural Framework followed by the walls,roofing, wiring, cabling, and finally the sewerage , road work and plastering the walls.\n\n\nBefore receiving your property, there is still\u00a0one last stage that needs to be fulfilled.\u00a0This duration is formally known as the vacant possession, in which your property is in a suitable state of being occupied. However, before moving in the property must be certified safe for use when it receives its certificate of completion and compliance(CCC). After this, the developer may hand over the keys to you. The vacant possession period for land properties commonly span about 2 years while in high rise buildings range from 2-3 years depending on the state rules.\n\n\nWhen buying an off plan/ under construction, property, all you may have as reference is the building model or a show house. This is just an illustrative idea of what you might be getting from the developer, hence actual results may differ. Make sure to emphasize the specifics such as fixtures and fittings, building materials and parking in the SPA if you feel they are important to you.\n\n\nIf you are purchasing a strata scheme property such as a condominium or flat, a deed of mutual covenant is required to be signed together with the sales and purchase agreement. This document binds all owners on the liabilities of co-owners, establishing common management rules and regulations for all co-owners to follow. This allows the management to take legal action on any owner who has violated any regulations or caused damage. The deed of mutual covenant will normally last a year from which a join management body will take over to manage the well being of the property.\n\n\nAdditional information\n\n\nWhen buying a new property from a developer holding a master title, a home buyer must sign the deed of assignment (DOA). This legal document transfers the interest of the owner to the assignee when the property does not contain any title yet. The deed of assignment will show the new legal owner of the property once the transfer is completed. It is useful to add that the SPA agreement acts as a proof of ownership on strata titles pending the official issuance of the property title.\n\n\nConclusion\n\n\nThe process of buying new properties can defer from the typical sub sale agreements that are used in the secondary market. As stated above, the SPA used for uncompleted properties must contain certain specific clauses that must be followed by the developer when drafting it. This reduces\u00a0the possibility for any legal conflicts and ensures the buyers needs are prioritized. Looking to buy a sub sale property instead? \nHere is the SPA guide for sub sale properties.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nUnderstanding Sub sale property in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nCorner lot, End lot or Intermediate lot \u2013 Which Sub types should you choose?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/01/05/corner-lot-end-lot-intermediate-lot-sub-types/", "title": "Corner lot, End lot or Intermediate lot \u2013 Which Sub types should you choose?", "body": "\n\n\u00a0\n\n\nThese sub type terms are interchangeably used within Malaysia\u2019s property talks whether you are inquiring from a developer or dealing with an agent or speaking with friends on a specific property type. It\u2019s important to know the difference between them and critically evaluate the use of each one of them.\n\n\nCorner Lot\n\n\n\n\n(image source)\n\n\nAs the name suggests, corner lots are properties located at the corner of the row with additional land or large gardens next to them.\n\n\nIf you love spending time outdoors in the garden or hosting barbeque parties, the corner lot is for you. It is important to really consider what you plan to use the additional land for. If you love gardening, it is certainly a yes, but if you don\u2019t it could mean higher maintenance and more work. Have you seen those corner lots with uncut grass with weeds growing everywhere?\n\n\nYou don\u2019t want your house to end up like that.\n\n\nDue to the benefit of additional land, corner lots have a higher price point compared to the other sub types.\n\n\nIf you are a concerned with the exposure to sunlight, a corner unit might be ideal choice, after considering the direction of the sun and the placement of the house.\n\n\nOne trait of owning a corner terrace house, it\u2019s the availability of land for expansion. If your corner unit is next to a road, you are allowed to extend your building up to the boundary of your external wall. This gives more flexibility to home owners looking to upgrade and renovate their house.\n\n\nEnd Lot\n\n\n\n\n(image source)\n\n\nEnd lots are properties that are similarly designed and located at the end of the housing row.\n\n\nDepending on the development and design, end lots have additional windows on the side of the house, allowing more light to shine through and keeping the house ventilated and bright. Pricing wise, end lots can command a premium over the usual intermediate lots.\n\n\nOne of the factors that deter people from purchasing an end lot is the perception that and lots are the first and the easiest units for thieves to break into.\n\n\nThis is mainly because some end units are located next to a walkway or wall that allows ease of access and a quick getaway.\n\n\nSome walls located next to end units are densely covered with trees and shrubs giving robbers an edge to climb on and ease to avoid detection in the dark.\n\n\nGiven that end lots are located next to a motorway or pedestrian walkway, there is no surprise that these units have a higher probability for peeping and glancing. End lots are commonly known to be less privacy friendly in comparison to other units.\n\n\nIntermediate Lot\n\n\n(\nimage source\n)\n\n\nIntermediate Lots more commonly known as semi-d\u2019s are houses that are built in between other houses.Intermediate units are more commonly traded in the property market given its supply volume.\n\n\nThe advantage of this is the number of ready buyers looking for an intermediate unit therefore you will have less of a hassle finding a buyer in contrast to selling a corner unit.\n\n\nIt\u2019s good to know that the capital appreciation for intermediate lots tend to appreciate faster than other sub types.\n\n\nThe tendency to match your valuation figures given by your valuer is more likely with the sheer number of similar transacted comparable in the area. This means that your valuated price will be less likely to be perceived inaccurately in the eyes of a buyer.\n\n\nIt can be argued by some parties perceive semi-d\u2019s to be of a higher property class and corner lots to be reserved for kindergarten playhouses.\n\n\nFrankly, it all comes down to your motive and plan for the particular property. Some people love the extra land that comes with corner lots while others perceive semi-d\u2019s to be better despite the smaller land size. Some people tend to favour end lots with less traffic noise. It\u2019s important to consider the sub type of the property you\u2019re interested in but it\u2019s even more important to take into \nconsideration the location\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nguides\nproperty\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSales and Purchase Agreement in Malaysia (New Property)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Unique Homes with Green Architectural Designs in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/01/09/unique-homes-green-architectural-designs-malaysia/", "title": "5 Unique Homes with Green Architectural Designs in Malaysia", "body": "\n\nKnikno House\n\n\nArchitect: \nFabian Tan\n\n\nPhotographer: \nCeavs Chua\n\n\nThis\u00a0two level house consist of a lower level car porch fitted with a ramp and staircase. The upper level rests the main house. The 2 storey section is inspired by the client\u2019s request for a barn look with its fa\u00e7ade made up of a modular grey concrete blocks. \n\n\n\u00a0The design is simple and straight forward, keeping you from getting lost in dead ends or walking into unintended areas.\n \n A rear open area containing the black koi pond and lounge decking.\n\u00a0The option to open itself up on both sides creates voluminous spaces, prefect for relaxing in the evenings and having dinner parties.\n\n\nThe front garden area that shields the open area from being viewed from the main road.\n\n\nCourtyard Terrace House, Sungai Buloh\n\n\nArchitect: \nO2 Design Atelier\n\n\nPhotographer: \nIan Wong\n\n\nAlbeit a simple terrace house in a new housing development, The Courtyard House was shortlisted for the World Festival of Interiors Awards under the residential category. This double volume faux courtyard complemented with the indoor tree garden has a natural and minimalistic feel to it. This is truly one of the most creative designs of creating open spaces while utilizing the limited space available.\n\n\n\n\nA humble Zen look from the outside that doesn\u2019t try to outdo the rest of the neighborhood. A variety of lush greenery fills the driveway, creating a natural look while\u00a0 the plants on the second floor prevent the second floor from appearing too plain.\n\u00a0A balanced usage of wood helps to complement the grey concrete walls, painting an outdoor atmosphere throughout \u00a0the open courtyard area.\n Removing a portion of the upper floor creates a balcony effect allowing ample space that reaches to the very top. Clear polycarbonate roof tiles are fitted to replace some of the clay roof tiles, allowing the right amount of sunlight through without over insulating the house.\n The second floor has 2 bedrooms with an ensuite with the master bedroom\u2019s ensuite separated by a glass door fitted with a curtain.\n\n\nHow many terrace houses out there that can rock an inner court yard?\n\n\nGasing Indah House\n\n\nArchitect: \nSeshan Design\n\n\nPhotographer: \nRupajiwa Studio\n\n\n\n\n\n\nDespite a limited budget given by their client, the house was renovated into a small and compact but spatially efficient one. Originally a common 2 and a half story intermediate link house, it was built up to 4 stories inclusive of the half basement and master bedroom attic. The compact centre courtyard is covered by a green wall, expressing a contemporary and future proof design that will always stay trendy.\n \n Sustainable use of natural resources. The design features\u00a0includes piping infrastructures that harvest rainwater which can be stored and used for washing cars, plants and flushing the toilets. Limited budget constraints have resulted in a water catchment area which has been predestinated for future storage tanks upgrades.\n\n\n\n\nSpacious Dining Area\n\n\nThe indoor courtyard that functions as a light well, giving ample natural light that reaches to most parts of the house and the needed photosynthesis to sustain the growth of the green wall. This gives an ample space feel with the perception of a larger space than it really is. The light well enables ease of communication and easy link to different areas of the house.\n\n\n\u00a0\n\n\nS11 House\n\n\nArchitect: \nArchiCentre\n\n\nPhotographer: \nH.Lin Ho\n\n\nFrom what used to be a dilapidated and run-down house for many years, to achieving the highest level Platinum rating of Malaysia\u2019s green building Index, it is certainly an architectural design for a coffee talk.\n\n\n\u00a0Behind the stunning look of the designs, much efforts were used in the conservation process to reuse as much building materials as possible and leaving much of the existing greenery untouched. All five trees that have matured over the years have been retained with the new designed built to incorporate them.\n Old concrete roof tiles were crushed as gravel fill, old clay bricks were reused as feature walls and roofing tinbers were used for formwork. Old steel were sold off and concrete and cement aprons were re-used for backfilling aggregate.\n\u00a0Despite its large size, it only takes up a carbon footprint of a small home through features such as the 5 KW photovoltaic array mounted on the roof which sends back excess energy to the national electric grid. \n\u00a0 \nRainwater is collected from the roof to rainwater harvesting tanks through a series that filters out sediments and eventually the water used for toilet flushing, gardening and car washing. To further add eco friendliness to the design, all tap and sanitary fittings have water saving and reduction valves.\n\u00a0To add more ecological effects, a series of wind turbines combined with glazed pyramids create a stack effect ventilation due to temperature differentials. This helps to insulate and cool the building well without much resources.\n\n\nThis project was awarded the Residential award\u00a0winner for Futurc Green Leadership in 2012,\u00a0and won multiple awards by PAM Awards in 2011.\n\n\nClay Roof House\n\n\nArchitect: \nDrtan Lim\n\n\nPhotographer: \nH Lin Ho\n\n\nA stark example of reusing old building materials to create a contemporary look while incorporating it into the new building. In addition to the creative design, it has an added function of optimizing the right amount of sunlight and controlling the airflow naturally.\n\n\n Once an old house with dilapidated house, now a modern state of the art architecture with a touch of classic into it.\n\u00a0\u00a0Using the simplest building materials from raw concrete, bricks and wooden flooring, simplicity in design at its finest.\n\u00a0These terracotta Indian roof tiles from the old house are placed on vertical rods, creating a striking screen of swiveling clay,\u00a0allowing free rotation in response to the wind direction and speed. This leaves the house sufficiently ventilated while the clay tiles act to keep the heat out.\n\n\nWith a clever solution to green buildings and lower build\u00a0up costs, its no surprise that the Clay Roof House was commended in the \nPAM Awards of 2017\n.\n\n\nWith Malaysians becoming more aware on the importance of conservation and sustainability, more and more of our actions and perceptions start reflecting on our design choices. In the future, we will more likely see more and more green designs that will turn heads as they pass though the alleys of greenery.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\narchitecture\nDesign\nGreen interior\nInterior design\nMalaysian architects\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nCorner lot, End lot or Intermediate lot \u2013 Which Sub types should you choose?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThese 5 Buildings will Influence your Property Value.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/01/15/5-buildings-will-influence-property-value/", "title": "These 5 Buildings will Influence your Property Value.", "body": "\n\nThe relationship between where people\u00a0buy properties in regards to where a certain building is located has always been a prevalent concept in the home buying process. \u00a0Agents upsell properties by promoting the proximity of the property to different buildings.\n\n\nHome buyers dream of the inherent lifestyle they perceive when they live near such a structure. From simplest basic convenience to ego bragging rights, these surrounding buildings have an area of effect on the property that happen to be around them. Lets discuss on how these buildings may effect the value of your property.\n\n\nPublic transport Stations\n\n\n\n\nimage source\n\n\nMalaysia is a country that is one of the top countries with car ownership. This is mainly due to the lack of a proper public transportation network that is convenient for its inhabitants.\n\n\nOwning a car in Malaysia is one of the basic essentials of getting from one place to another and for many people, the only feasible way.\n\n\nHowever, despite the sheer number of roadworks and highways built by the government, congestion has always remained the usual part of our daily commute.\n\n\nOwning a property near to a public transportation station will appreciate property values and you can be sure that demand for property there is higher than areas with no public transportation coverage.\n\n\nProperties near MRT stations will be in big demand this year, according to\n Savills Malaysia.\n\n\nProximity to shopping areas\n\n\n\n\nimage source\n\n\nProximity to shopping malls are another prices rising factor. The mall culture in Malaysia plays a significant role and revenue for the retail economy in Malaysia.\n\n\nMalaysians love shopping malls as malls act as a multi functional purpose in our daily lives. Aside from selling goods and services, malls act as a lifestyle centre providing different food varieties, movie theatres, sports facilities and even boutique gardens.\n\n\nLocations around shopping malls are hot locations that are in demand, especially by young people. Shopping malls are an important player in commerce that drives the economy and tourism sector.\n\n\nExpat residences\n\n\n\n\nimage source\n\n\nMont Kiara, Bangsar, KLCC. These areas are well known for their high property prices and more notably their expat population.\n\n\nExpats normally are paid in their own currency, which is above the average Malaysian pay rate for the same job title. With a higher salary, foreigners are able to afford rent on more expensive areas.\n\n\nFurthermore, lifestyle outlets such as bars, international grocery stores, foreign delicacies set up stores in that area, catering to expats.\n\n\nDistance to prestigious schools and renowned universities\n\n\nHouses around educational institutions and facilities have high price levels due to the increased demand for those properties.\n\n\nStudents within a tight budget often look for cheap accomodation. When sharing rent for a house, the cost can often come up cheaper compared to renting the in house student accommodation.\n\n\nThis attracts students to private renting with others specifically when they can get a good price on a house that is close to the university.\n\n\nMedical facilities and hospitals\n\n\n\n\nimage source\n\n\nHospitals often require a large amount of staff, being a large provider of jobs to the local population will increase the demand for housing. With additional economic activity in the area, more and more people are attracted into those areas.\n\n\nHealth infrastructure is one of the major key drivers for where people are choosing to live. Many people prefer to the option of better access to hospitals with 24 hour medical care.\n\n\nOn the downside, there will be an increase in the number of road traffic near the hospital and possibly more sound disturbances emitted from ambulance sirens.\n\n\nSome argument stated that hospitals in certain inner-city locations report multiple cases of drunkenness and violence.\n\n\n\u00a0Notable Landmarks\n\n\n\n\nBuildings surrounding KLCC can command premium prices due to the worldwide publicity of the landmark. Monuments, statues, heritage sites are all good places to purchase a property, if there are no long term tenants interested in renting, you can always put it up on Airbnb.\n\n\nOn average properties can command a premium if they have a good view of the KL twin towers.\n\n\nThe disadvantage is the number of tourists will frequent around the area, meaning less parking, lots of congestion and plenty of tour buses waiting to collect their passengers.\n\n\n\u00a0\n\n\nBuying a property can give you tunnel vision when you are emotionally invested, leaving you vulnerable when you forget to do your homework.Make sure you do a \nthorough research\n on the area before you buy a property. Do you have an experience on how these properties have affected your property price? Share with us in the comments below\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nBuildings\nlifestyle\nproperty prices\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Unique Homes with Green Architectural Designs in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to make money from Real Estate Investments?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/01/18/make-money-real-estate-investments/", "title": "How to make money from Real Estate Investments?", "body": "\n\nTo some people, real estate is just a matter of finding basic shelter to live in. Others have seen the potential of real estate being an investment class that protects cash from inflations and builds wealth overtime. Stories of earning big profits through real estate investments are everywhere.\u00a0Here are the common ways that investors use to generate wealth using real estate.\n\n\nCollecting Rental Yields\n\n\nCollecting rents are probably the most commonly well known method of gaining your return on property investments. Renting is a short term temporary loan of your property to another party in return for regular monthly payments.\n\n\nLocation of property makes or breaks your renting strategy. Highly active commercial areas and hot property areas are one to look forward to ensure a steady demand of tenants. Furthermore, being located in a prime area will allow you more room to demand for a higher price.\n\n\nWhen renting out properties, you must know which tenant are you specifically targeting. Renting out properties near universities may be unsuitable for families looking for a home due to the noise while renting out to students would be easier.\n\n\nCollecting rents are a form of income and therefore it will be charged under the income tax. Other charges on property include the assessment tax and quit rent aside from the usual maintenance and renovation charges of holding a property.\n\n\nInvesting in Reits\n\n\nReits (Real Estate Investment Trusts)\u00a0are companies that own a portfolio of real estate that generate income and allow individual traders to acquire a certain share of the portfolio.\n\n\nREITs operate similarly to mutual funds and invests in properties ranging from hospitals, hotels, office buildings, apartments and many more.\n\n\nDepending on the REIT, the portfolio can contain various types of properties that diversify risks or it can even be focused to one asset class or location, with varying risk and rewards.\n\n\nLike mutual funds, you can invest in reits through the open market that are open to be purchased from the open stock exchange or investing in a mutual fund focused on real estate.\n\n\nAlternatively there are many private real estate funds that aren\u2019t listed on the stock exchange.\n\n\nInvestors earn money through reits the same way as investing in stocks, dividends are payed to investors sourced through rental incomes and selling of assets.\n\n\nSelling off your REITS will gain you profits if you sell off your shares at a higher price than when you first bought it.\n\n\nFlipping Properties\n\n\nFlipping properties are defined as making a quick resale of a property after you purchase it to make a quick profit from the capital appreciation.\n\n\nThe main perk of doing this is to take advantage of a hot property development, such as an in demand lifestyle condominium in central KL or to sell of a newly renovated property before depreciation kicks in.\n\n\nInvestors interested in flipping tend to look for under-priced homes or properties that have the potential for growth, renovate them and eventually sell them at a high price.\n\n\nAnother way is to purchase a unit in an uncompleted project and as the construction slowly develops so does the price. An investor can then gauge on when is the best time to sell after the project has been completed.\n\n\nWhen he finds a right buyer looking to pay for that particular property, he will profit from the difference.\n\n\nFlipping a property can be quite tricky given that you have to choose a property with high potential for profits.\n\n\nOne thing to note is that to prevent speculation, the government imposes a high Real Property Gains Tax for properties sold less than 5 years.\n\n\nBuying and Holding Land\n\n\nTraditionally, buying land has been a top priority in previous generations where land supply is more abundant and demand due to the perceived uses and potential of owning land.\n\n\nOlder generations have believed that the amount of land you own signifies the amount of wealth you have, therefore the trend of land accumulation was rife during those times.\n\n\nAt this time, land prices have gone through the roof due to scarcity and the demand for new development projects.\n\n\nIf you are interested in owning land, there are some advantages to investing in land over other types of real estate investments. Owning land has much less risk and maintenance compared to owning an existing house.\n\n\nMuch land is the same as any other land, therefore, is reassuring knowing that there is a demand for it compared to selling a home consisting of many other factors that require matching to the buyer\u2019s taste.\n\n\nThe most common reason for buying land is the potential that the land brings. Land uses can be converted by applying and paying a premium to convert its usage.\n\n\nDepending on economic situations and current market demands, the development of land can be revised to suit the current need. Is it high time you move out of your old house? You can develop your dream home over it. Looking for some side cash flow? Get it develop into a housing project. Actually, why not cultivate a durian farm for unlimited tasty treats.\n\n\n\u00a0\n\n\nHave you thought about venturing into the real estate investment space to generate income for you and your family? Maybe you are looking to\u00a0diversify your investment risks or even to protect your cash from inflation and depreciation. Whichever the case, real estate brings large potential for profits as a stable asset class.\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nBusiness\ninvestment\nland\nreal estate investments\nrenting\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThese 5 Buildings will Influence your Property Value.\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to check your CCRIS online report with eCCRIS?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/01/24/check-ccris-online-report-eccris/", "title": "How to check your CCRIS online report with eCCRIS?", "body": "\n\nWith the recent launch of Bank Negara\u2019s online\u00a0eCCRIS system, its been a long awaited convenience for many aspiring homeowners who are looking to see if they qualify for a loan to their dream house. The public will now have access to their finances and payment history for the past year through the Central Credit Reference Information System (CCRIS).\n\n\nIt is free of charge to get your credit report and more convenient with instant access. This credit report is based on actual credit facts and not an assessment report, hence it can be used for official purposes.\n\n\nHow to register for eCCRIS?\n\n\n\n\nimage courtesy of Bernama\n\n\n1. For the first time registration, you will need to perform a one time registration at any local BNM or Agensi Kaunseling dan Pengurusan Kredit (AKPK) \nbranch\n. Make sure you are present at the BNM branch in person for the first time as your identity is required for verification.\n\n\n2. After you have verified your identity at the CCRIS Kiosk and registered your mobile number, you will receive a six digit PIN which will help you login to the site for the \nfirst time\n.\n\n\n\u00a03.Now that you have verified your identity and obtained your PIN code, you can start to login to your account. For first time users, click on the first time login link in the login panel.\n\n\n\n\n4.Once the first time login window has been displayed, Pick your nationality from the dropdown box. Input your ID Number and the PIN code you obtained from the kiosk machine. On the next page, you will need to create your user ID, email and password.\n\n\n\u00a0\n\n\n\n\n5.Next you will need to select your preferred security image, enter a security phrase and\u00a0choose\u00a0a question and answer for the security question\u00a0which is used as an additional security measure when you log in. Similar to your bank details, your account credentials should be memorable to you and protected with care.\n\n\n\u00a0\n\n\n\n\n6.Once you have completed the sign up process, you will be able to log in to your eCCRIS account at \nhttps://eccris.bnm.gov.my/\n\n\nTo receive your CCRIS report, select enquiry on the menu tabs and click on self enquiry. This will take you to a disclaimer page and upon agreeing to it. You will finally be able to view your CCRIS report online.\n\n\n\u00a0\n\n\nDownload your eCCRIS report\n\n\n\n\n1.If you need a copy of the report, click on the Download Button\u00a0on the Pop up dialog to start the download. You should be able to see the document in your download folder or wherever you specify the download path to.\n\n\n\u00a0\n\n\n\n\n2.For security reasons, the report may be encrypted with a pre-assigned password which is set as the following format.\n\nDate of Report enquiry (eg. 15Sept2018) followed by the first 3- characters of your user ID(\nJoh\nn, \nSam\nantha). The password should look something like this. \n15Sept2018Joh\n\n\n\u00a0\n\n\n\n\n(image curtosy of \ncreditbureau\n)\n\n\nThere goes your CCRIS report. Thanks to BNM\u2019s initiative to digitalis their financial services and efforts to speed up financial processes between parties, the public is now able to get their credit history instantly. No need to drive all the way to the kiosk to print out your report.No need to send in all your documents through email and wait 2 weeks to receive it. Do note that eCCRIS is only available from 6am to 12 midnight from Monday to Friday excluding public holidays.\n\n\nDid you notice an error in your report?\n\n\nIf there are any inaccuracies in your CCRIS report, you may apply for a verification request\u00a0from participating financial institutions through the platform. On your CCRIS report page, click on the verify button at the bottom of the page next to the download button to start a data verification request.\n\n\nDo you require additional information?\n\n\nCall BNM TELELINK at 1300 88 5465 or 603-2174 1717 (overseas) during their operating hours (9am to 5pm, Monday to Friday excluding public holidays). Alternatively you many\u00a0send them an email at bnmtelelink@bnm.gov.my\n\n\nConclusion\n\n\nChecking your CCRIS report has never been easier with the new platform in place. With faster access to your financial information, you are now able to gauge your financial standing. Now evaluate if you can really afford that loan to your dream house. Alternatively, you may want to check your credit report online through \nCTOS\n to get an overall view on where you stand on the credit spectrum.\n\n\nFind your dream home today!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nUncategorized\n \n\n\n\n\nTagged\n\n\nccris\ncredit check\ncredit health\ncredit score\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to make money from Real Estate Investments?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to buy a property in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/01/29/buy-property-malaysia/", "title": "How to buy a property in Malaysia", "body": "\n\nInterested in the property buying process in Malaysia? This guide explains the overall procedures in purchasing a property through the secondary market.\n\n\nPlan your budget\n\n\nDepending on the loan package or housing scheme. You will normally be able to get a 90% loan grant of the cost of the property price. The bank officer factors in various considerations when deciding whether to lend you the capital or not. Firstly, they will look at your credit score and credit history to decide if you have a good credit record and if you are able to pay back the instalments plus interest rates. Speaking of interest rates, some loan schemes have fixed and floating interest rates, meaning it can a fine line between whether you are making a profit or loss, hence its best to take that into consideration. Remember to spare some additional capital for the legal fees, and stamp duty. A good benchmark is to ensure that the monthly instalments should not take any more than 1/3 of your income and ensure that you do not have any expensive payment plans or unaffordable purchases that risk breaking your credit rating.\n\n\nResearch in the Area and average transacted price\n\n\nEvery home buyer wants to get the best possible deal for their money\u2019s worth. Meaning he/she would aim to avoid paying for a property that priced above the market price or even paying for a depreciating property that is not worth its value. The only way to avoid this is to do your \nhomework\n. A well researched home buyer will be able to make a case for a lower price and negotiate for an acceptable price according to the budget. Before even visiting the area, you will get an idea of your ideal requirement in mind before committing to a vague deal.\n\n\nSearch for a Property\n\n\nThere are endless ways to looking for a property but how should you start? If you have the time, call up a property agent in the area you are interested and ask for the available properties are currently listed with them. On the other hand if you are property savvy and would love to get an idea of what the market offers, search online for classifieds and listing sites and you will see what each area has to offer.\u00a0 However, if you are short on spare time and are not property focused, you can use a free matching service like Bumbung.co to get your request matched with available listings.\n\n\nHouse Viewing\n\n\nThis is an important phase in a the buyer process. This is a time to really \nevaluate the property\n if it meets your requirements.\n\n\nThis is also a good time to get insights through your agent, you should ask the reason for selling the property and how long has it been for sale.\n\n\nDuring the house viewing you should check if the property is a\n leasehold, freehold or a bumi-reserved land\n. Many people perceive leasehold to be unattractive due to assumptions that you will have to return the land to the government. Additionally, you must ensure the \nproperty title\n is what you are looking for.\u00a0 Strata titles may have a monthly maintenance cost that you must fulfill.\n\n\nNegotiate for a mutually agreeable price\n\n\nIts vital that you priorities the best interest of your set budget and not go above and beyond it. Sellers will normally keep their prices high and will be hesitant to lower it. Its best to negotiate well for a win win situation. When appraisal figures come into play, the value you pay should be along that benchmark and it is best to avoid overpaying for your property.\n\n\nApply for a loan\n\n\nNow that you have a deal pending in line. Its time to apply for a loan if you aren\u2019t paying for it in cash. Make visits to different banks and make a choice on which bank offers the best deal for you. Some factors to consider is the floating vs fixed interest rate, the interest rate amount, the highest amount that they bank can provide and any additional fees that it charges or perks that are useful to you.\n\n\nNow that you have made your choice, the bank will appoint a value to visit the property to provide the bank with an appraisal. With the appraisal amount, the bank officer will issue a loan offer letter for you to sign, detailing the payment procedures, duration and frequency.\u00a0 He/she will produce a valuation report which will be charged to your loan sum or paid separately.\n\n\nSign the Booking form and pay 2% of the purchase price\n\n\nBy signing the booking form and paying 2% of the purchase price, you have a stake in the property and the property is under reserved for the period of your offer. The booking form will include the essential items such as the names of the transacting parties, the property address, agreed price and more.\n\n\nSign the SPA agreement\n\n\nThis is your contract that binds you and the seller to a contract that requires the both of you to fulfill your individual part of the obligation. Make sure all the details pertaining to the agreement to be accurate that there is no leeway for any discrepancies. Ensure that you agree to the clauses of the agreement as you will need to deliver then within the stipulated time frame. Pay the balance of the 8% to put in as a down payment. Read our \ncomprehensive guide\n on the SPA procedures to learn more.\n\n\nSign the loan agreement and pay the remaining balance\n\n\nThe lawyer will draft a loan agreement that binds you with your bank that will be providing your loan. The loan agreement is mainly drafted to protect the bank and ensure that you fulfill your monthly payments. Make sure that you capable of paying the monthly loan installments plus interest to prevent the bank from acquiring your property in an event of a payment default. Your bank may require you to get a loan insurance if they aren\u2019t satisfied with your financial health. Check the payment dateline to ensure that you do not incur any late payment charges. Refer to the duration stated in your agreement, the usual deadline is 3 months.\n\n\nDelivery of Vacant Possession and Collect your keys\n\n\nVacant possession is a period that ensures that the property is fit to be occupied. Within the SPA agreement, there is a completion date set that is agreed by both parties. This date marks the pre set time for the contract duration, failing it will incur penalties to the breaching party.\n\n\nOnce the remaining amount has been settled, vacant possession must be delivered along with the keys within the time frame specified in the SPA.\n\n\nEnsure all pending and late utility bills pertaining to the property have been paid by the owner before the handover.\n\n\nWhen all these steps have been completed, you have successfully purchased a property from the secondary market. Are you looking for a New property instead? Here is the guide to the process of buying \nnew property developments\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbuying\nNew home\nproperty\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to check your CCRIS online report with eCCRIS?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nEvery Property Tax in Malaysia that you should know\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/02/05/property-tax-malaysia/", "title": "Every Property Tax in Malaysia that you should know", "body": "\n\nProperty Taxes in Malaysia can be quite a challenge to a first time buyer or investor. You might be shocked to find out the different taxes imposed on you when you purchase or even own a property. The following are the property taxes that you should know before a major property decision.\n\n\nTaxes incurred with owning and managing real estate\n\n\nQuit Rent (Cukai Tanah)\n\n\nCommonly known as cukai tanah, this tax that is relevant to anyone owning a property. Essentially, it is the price you pay for owning a land in Malaysia and yearly income to the state government. The price you pay for quick rent varies in accordance to the land size and property asset category. You will have to pay quit rent on an annual basis regardless of whether the property is freehold and leasehold or whether it is a strata titled property. The quit rent rate depends on the each state government\u2019s decision to set and amend.\n\n\nAssessment Tax (Cukai Taksiran / Pintu)\n\n\nIf your property is located within a local authority (Majlis Pembandaran), you will be required to pay an assessment tax based on the annual rental value. The final sum is calculated based on the property type, location and multiplied by a set of routes. For residential properties, it is levied at a flat rate of 6% and can be paid in 2 instalments.\n\n\nTaxes incurred when acquiring and transacting real estate\n\n\nStamp duty\n\n\nDuring the completion of a property transaction, the legal documents such as the SPA and Loan agreement needs to be recognized and notified to the government.\u00a0 Stamp duties must be paid for any property transfer related documents to be legally recognised. The amount of stamp duty required is levied in proportion of the property\u2019s value.\n\n\nReal Property Gains Tax (RPGT)\n\n\nSince the abolishment of capital gains tax in 2007, capital gains through property transfers are no longer subjected to income tax laws. There is, however, the real property gains tax, which is levied on any disposal of real property or shares of property companies. RPGT is a type of capital gains tax that charges you based on your profit gained through property transactions. One reason why RPGT was introduced is to discourage flipping properties where people renovate old properties and mark up prices. This is to prevent property prices from greatly increasing above market value as a result of speculation. As the names suggest, you are only taxed through any profits gained from the disposal of the property, hence no taxes need to be paid if there is a break even or a loss.\n\n\nRPGT Rates\n\n\n\n\n\n\n\n\n\n\nDisposal of property\n\n\nMalaysia citizen & PR\n\n\nNon-Citizens & Non-PR\n\n\nCompanies\n\n\n\n\n\n\nWithin 3 years from the\n\ndate of acquisition\n\n\n30%\n\n\n30%\n\n\n30%\n\n\n\n\n\n\nIn the 4th year\n\n\n20%\n\n\n30%\n\n\n20%\n\n\n\n\n\n\nIn the 5th year\n\n\n15%\n\n\n30%\n\n\n15%\n\n\n\n\n\n\nIn the 6th year and\n\nsubsequent year\n\n\n0%\n\n\n5%\n\n\n5%\n\n\n\n\n\n\n\n\n \n\n\nGoods and Service Tax (GST)\n\n\nIf you are renting out or selling a residential property, your income generated will be exempted from GST. However, the income gained through commercial properties are taxable by means of letting out or even disposing of commercial properties in some circumstances. To have commercial property to be taxable under the 6% GST, the homeowner must own 2 or more commercial properties or a commercial property valued at more than RM 2 million. Alternatively, the homeowner may own a land larger than 1 acre or earn more than RM 500,000 through yields from the properties.\n\n\n\u00a0\n\n\nConclusion\n\n\nProperty taxes can be troublesome and unwelcoming to an average homeowner. With the different property taxes around limiting and shifting your decisions, it is important to take each of them into consideration as it can add up additional costs to your property portfolio. On the bright side here are some \ntax saving tips\n that can help you reduce your costs.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nUncategorized\n \n\n\n\n\nTagged\n\n\nbuying\nreal estate\ntax\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to buy a property in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Exquisite Bathroom Design Trends of 2018 by Victoria + Albert\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRonald Reigns\n \non 21 February, 2018 at 21:04 \n\n\n\n\nReply\n \n\n\n\n\n\n\nAwesome writeup! Super helpful for new property buyers. I did not know about all of these when I bought my first property.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/02/07/bathroom-design-trends-of-2018-victoria-albert/", "title": "5 Exquisite Bathroom Design Trends of 2018 by Victoria + Albert", "body": "\n\nLooking for fresh new ideas for your newly renovated home? Or are you curious to find out how luxurious can a bathroom get? The Posh\u00a0British bathroom brand has just come out with 5 unique predictions as to what your potential bathroom\u00a0may look like for 2018.\n\n\n\n\nImage Credits: Otta Design\n\n\nDesign trends has always favored the classics, remember the old bathrooms with\u00a0light creamy coloured\u00a0square tiles fitted with protruding pipes and taps everywhere? Designs are moving along with the minimalist trends of today\u2019s homes. Think large mirrors with ambient lighting complemented with ample spaces. Victoria + Albert\u2019s Napoli freestanding bath stands out as the main subject of the bathroom, beckoning to whom looking to relax. Personally, we love the bold and broad hexagonal tiles that contrast the pieces from each other.\n\n\n\u00a0\n\n\n\n\nImage Credits: Rabaut Design\n\n\nThe amount on mindfulness and relaxation apps popping up\u00a0on the app stores these days are no accidental, they reflect a growing lifestyle trend balancing the mind, body and soul. High income executives know the impact of work on their body. At this age, the demand for massages, therapies and spa bathrooms grow exponentially as a new lifestyle choice. The above Barcelona freestanding bath matches the background elegantly, incorporating nature\u2019s contour patterns found only in\u00a0marble slabs and wooden pieces.\n\n\n\n\nImage Credits: Susan Glick\n\n\nReminiscent of an elegant white swan, it is truly a bathroom designed with class in mind. You can now instill this exclusive image to you personal space without the need to visit high class spa\u2019s and resorts. The fluffy seating adds a tad of nobility, with the comfort of spending time attending to your personal needs. The charming Toulouse bathtub with a wide edges certainly fits the chic setting with ease.\n\n\n\n\nImage Credits: Victoria + Albert\n\n\nOne trend that stands through time is the incorporation of old pieces in a contemporary setting. The Trivento freestanding bath perfectly reflects the statement. Whether its an antique piece or a historical ornament, homeowners and designers see the benefit of implementing transitional designs in modern homes. Think of the Buddha statue you may see in modern homes or the placement of an old vase in your living room. The above freestanding bath merges a french classic into a modern setting.\n\n\n\n\nImage Credits: Victoria + Albert\n\n\nAn article on bathroom trends can\u2019t be completed without colours, and that is what the Beyond palette is about. Victoria + Albert worked with Colour Hive, a global colour consultancy to bring you a the ideal colour palette for your bathroom.\u00a0 With the backdrop painted with a gradient of dreamy\u00a0 colours, taking a bath in such setting will relief all your worries and disappointments from the earthly conflicts and drama. After all, its widely known that the ambiance of a room influence the state of mind, hence, why not make your bathroom a therapeutic sanctuary. The background reminds us of a calm oasis with soft neon colours.\n\n\n\u00a0\n\n\nLet your inspirations and ideas run free, these are the bathroom trends that are set to take of this year. Courtesy goes to \nVictoria + Albert Baths\n, a bath and basin brand with a worldwide reputation for their contemporary and traditional designs. Did this article inspire you in any way? Let us know in the comments. We love to hear our reader\u2019s opinions.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nEvery Property Tax in Malaysia that you should know\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe rise of Micro Housing in Malaysia, Is it feasible?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/02/14/the-rise-of-micro-housing-in-malaysia-is-it-feasible/", "title": "The rise of Micro Housing in Malaysia, Is it feasible?", "body": "\n\nIn many countries overseas particular those with limited land while facing a housing crisis has been looking for various ways of solving it. One solution is micro-housing. Despite the overwhelming property glut in Selangor and other states in Malaysia, Kuala Lumpur remains\u00a0to be a place without sufficient accommodation for city dwellers to live in. A Think City baseline study found that there are about 54,000 workers based in the downtown of Kuala Lumpur area with only 4,800 of them were residents.\u00a0 In the recent UN-Habitat\u2019s 9th World Urban Forum at the KL Convention Centre, unique ideas on communal living are being showcased at the micro homes village.\n\n\nThe idea of implementation is to utilize existing DBKL parking lots, which measures approximately 2.5m x 5m by converting them into micro homes with shared gardens, and communal facilities. Another\u00a0idea of micro housing is to repurpose aging and outdated commercial buildings to be residential units fit with communal living. Think City\u2019s Program Director, Partnerships Lee Jia Ping has said that Think City aims to\u00a0 increase the economic vibrancy of the area by offering a diversity in residence, demographic and various services.\n\n\n\u00a0\n\n\nWho is it for?\n\n\nArchitect Jay Janette based in Seattle Area said that initially students were the main focus for micro housing but surprisingly, young professionals and older adults started to move in. He further elaborated that tenants don\u2019t spend a lot of time at home as they go to work, go out and spend time with their friends and repeat. He added that because of the location in the city, they are able to pursue this lifestyle.\n\n\n\u00a0\n\n\nThe Possible Benefits\n\n\nAffordability\n\n\nThe core idea for micro housing is its price tag. Living at the heart of the city affordably is only a dream to most people. Sky high prices and limited accommodation narrows\u00a0down accommodation choices for many. They may choose\u00a0to either commute from distant towns with cheaper rents\u00a0or opt to share living spaces with a roommate or a relative. Micro housing gives the opportunity for those seeking the city lifestyle at a cost of limited spaces. Micro housing can be an attractive investment\u00a0 for investors with limited budgets.\u00a0You can be sure that there will be a vast number of people looking\u00a0for cheap accommodation.\n\n\nConvenience\n\n\nHaving located deep in the city itself, amenities are everywhere to be found and any sort of goods or services are easily obtained. As KL was voted the \n4th best city for expats\n in 2017, you can be confident in its diversity and offerings.\n\n\nCommunity oriented\n\n\nCommunal living offers the choice of balance between private and common space that are designed to encourage community interaction, something that is not commonly found in fast paced big city lifestyles.\n\n\nEnvironmentally friendly\n\n\nDue to its size and capacity, the environmental footprint created per square foot\u00a0is smaller than those high energy consuming buildings with few inhabitants within them. This is ideal for environmentally conscious young workers who embraces minimalism while living green in the heart of the city. Utilizing the shared facilities with other residents, not many facilities will be required for maintenance and cost of management upkeep can be relatively low. Using \ngreen practices\n such as installing solar panels, rain water collection and reusing build materials procured elsewhere are some of the possible ways that highlights micro housing can be attractive.\n\n\n\u00a0\n\n\nConcerns\n\n\nThe weather\n\n\nLight and height are two critical factors to micro-housing. In Malaysia, light is not much of a major concern due to its all year bright summer weather. This allows the installation of solar panels on top for self sustainable energy while high ceilings won\u2019t be a requirement given the ample sunlight during the day. However, one major concern is the heat emitted by the scorching sun at certain times of the year. In traditional homes, proper insulation is installed in the roofs and the flow of ventilation is carefully considered. With micro housing, more test need to be conducted to foresee its feasibility from a design perspective. Its very easy for a micro home to turn into a big oven ready to bake its poor inhabitants alive.\n\n\nMaintenance\n\n\nJust like any other properties with communal areas such as the usual strata condominiums, continuous maintenance is necessary. This is especially important for micro housing which can quickly become a fire hazard if not kept in check. It is one issue to ensure inhabitants pay their maintenance fees in time and another to keep the whole area in shape and welcoming. Micro housing will require proper planning and evaluation to keep the place in order before implementation.\n\n\nCleanliness\n\n\nFor micro housing to thrive and sustain for the foreseeable future in fulfilling its core purpose, there needs to be enforcement and cooperation from all parties. This includes a high standard for cleanliness and garbage disposal, including proper recycling procedures and systems. The affordable prices and limited spaces tend to open up opportunities for antisocial attitudes and\u00a0 low responsibilities turning what could have been a healthy communal living into a derelict area filled with negative social behaviors from drug abuse to crime hotspots. As if KL needs anymore crime areas to mushroom up. If you look closely at low cost flats in the surrounding areas, many of them are poorly maintained, garbage and waste are littered on common areas such as staircases and walkways. This leads to irresponsible and the \u2018tidak apa\u2019 attitude that shows in the recent case of\u00a0the \nboy who was killed by a falling chair\n at a PPR flat. It is really up to the residents of communal housing to uphold the standards of living in such areas.\n\n\n\u00a0\n\n\nWhat does the future hold for micro housing?\n\n\nAccording to an article by \nfreemalaysiatoday\n, in 20 years time there will no longer be open car parks due to these spaces being re purposed into green areas consisting of micro housing and pocket parks. With the green innovation plan, about 30% of the city will be green areas. Additionally high parking charges will be imposed to encourage the use of public transportation much like what we see in highly populated cities today such as London, Tokyo and Shanghai. In an ideal scenario, we would eventually be able to see an efficient public transportation system that connects with the rest of KL. People will be travelling from one place to another using \nbicycles\n and visiting each other in micro homes while recreating the nostalgic closeness of \u2018\nkampung\n\u2018 interactions at the heart of a big city.\n\n\n\u00a0\n\n\nOverall, micro housing in shared living spaces is definitely not for everyone. Micro housing will probably be suitable for young professionals with chic lifestyles or students living in on a budget. Other social groups such\u00a0as families or old married couples may find it unsuitable to their palate and may opt for a normal home instead. Do you think micro housing will be the next big thing in the property industry? Would you be interested in living in one?\n\n\n\u00a0\n\n\nSources:\n\n\nhttps://www.thestar.com.my/lifestyle/features/2015/03/19/living-small-a-microhome-is-where-the-heart-is/\n\n\nhttps://www.nst.com.my/news/nation/2018/02/334321/go-micro-are-micro-homes-future-kl-ites\n\n\nrage.com.my/big-city-small-living\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nUncategorized\n \n\n\n\n\nTagged\n\n\nCity living\ngreen\nliving the city\nmicro housing\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nWei Yang Chan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Exquisite Bathroom Design Trends of 2018 by Victoria + Albert\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nTwo Homegrown Malaysian Wins Gold at Asia Young Designer Summit 2017/18.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/04/09/two-homegrown-malaysian-wins-gold-asia-young-designer-summit-2017-18/", "title": "Two Homegrown Malaysian Wins Gold at Asia Young Designer Summit 2017/18.", "body": "\n\nShahmeena (third from left) and Wai How (fourth from left) at the Asia Young Designer Summit 2017/18.\n\n\n\u00a0\n\n\nMeet Ng Wai How and Shahmeena Labeeb, the two Malaysian who managed to sweep the two top awards at Asia Young Designer Summit 2017/18 beating entries from 13 different Asian countries taking the grand prize of USD5000 each.\n\n\nNg Wai How describes himself as a passionate and creative individual interested in art, design, and literature and is aspired for excellence. Graduated from University of Malaya in Master of Architecture, Wai How won the Asia Young Designer Award Malaysia as a Gold Winner in the Architecture Category.\n\n\nHow did Wai How manage to nab this auspicious award? In his \ntake\n on the War Museum \u2013 Extension of Tugu Negara that managed to capture the attention of the judges.\u00a0Through his impressive \ndesign portfolio\n, Wai How demonstrated that he got what it takes to earn the award.\n\n\nOne of the sketches for Wai How\u2019s War Museum \u2013 An Extension of Tugu Negara.\n\n\n\u00a0\n\n\nShahmeena Labeeb bagged the Gold Award for the Interior Design Category. A final year student of Taylor\u2019s University, Shahmeena Labeeb impressed the judges with her take on a project that incorporated bee-friendly fruit and vegetable trees, with design elements inspired by honeycombs that emphasize on the declining population of the honeybee.\n\n\nHer design named Plan Bee \u2013 A City Beekeeping Project is supposed to set in an abandoned space in Kuala Lumpur. See more of Shahmeena\u2019s impressive design \nhere\n.\n\n\nShahmeena\u2019s creative designs that are inspired by honeycombs.\n\n\nCongratulation to both Ng Wai How and Shahmeena Labeeb for winning the prestigious award and making Malaysia proud!\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nNurul Diyana\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe rise of Micro Housing in Malaysia, Is it feasible?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n10 DIY Ways to Boost Your Property Market Value\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/06/12/10-diy-ways-boost-property-value/", "title": "10 DIY Ways to Boost Your Property Market Value", "body": "\n\nOne of the biggest financial decisions a person will ever have comes with selling their home, mainly because a large chunk of an average homeowner\u2019s wealth comes from the value of their property. Precautionary methods can and should be taken in order to ensure the market value of selling one\u2019s home is maximized. With a little effort put in through some pointers that\u2019ll guarantee to help put forth the desirability of your home. Here are some tips and tricks to help boost property value!\n\n\nFixtures\n\n\n\nA house can be killer depending on the effort put into maintaining the property\u2019s structural skeleton. Loose railings, tiles sticking out from the floor and other troubles in the home may induce injuries and disrupt the tranquility of a home.\u00a0 Fixing these structural problems will safeguard the increment of value of your property throughout the selling period.\n\n\nPop of Color\n\n\n\nWeather and wear would have eventually taken a toll on the physical outlook of you house. Stained paint from heavy rains would be worn down and cracked from the sheer heat of the afternoon sun, causing your house to look aged. With some paint, brushes and coverage for your clothes, slapping on a fresh coat of paint onto your home can easily sky rocketing the appeal of your property. Fun weekend activity idea, anyone?\n\n\nGo Green\n\n\n\nMeant literally, planting trees around your home adds an attractive valued touch to your home. Though trees take a longer time to grow, the shade provided on the long term can offer protection for your paint from the wrath of the sun while dropping the overall temperature. Trees that bear fruits and or nuts are an added plus point!\n\n\nGo Local\n\n\n\nSurrounding your property with home grown plants and foliage can also give your house an extra layer of coverage for a dash of privacy. The best part of using home grown local plants is the ease of maintaining their health and growth, appealing to the crowd that would rather spend minimum effort in the garden.\n\n\nSpotless Home, Spotless Mind\n\n\n\nA clean house will always be a sight for sore eyes and attract more foot traffic. Being the cheapest method to ensure an attractive house, a simple sweep and mop alone can make a difference. Arranging furniture, polishing metal fixtures and reducing clutter may open up space and opportunities for your home never before imagined.\n\n\nSave Energy\n\n\n\nA little energy has to be put in to save energy on the long term. Replacing old bulbs with LED bulbs or even installing solar panels boosts energy efficiency and lowers the cost of living on the property. This would appeal to the environmentalist crowd and to anyone who values a little reduction in long term costs.\n\n\nMagic Carpet Ride\n\n\n\nContrary to popular belief, carpets do not increase in value after the wear and tear. In addition to that, the constant conditioning would have worn out the carpet to a point of non-recognition. Hence,\u00a0 a brand new carpet can give your interior a pop of color, personality and a breath of fresh air.\n\n\nRefreshed, Rejoiced\n\n\n\nUnappealing smells which indicates poor air quality can be as influential as a bad appearance. Poor air quality may cause respiratory problems and significantly damage the property\u2019s value. Riding on the wave of going green, growing a few indoor plants can help filter the impurities in the air. Also, to further boost your property\u2019s air quality and value, get additional help from an air purifier.\n\n\nWater Filtration System\n\n\n\nInstalling a water filter on to any modern faucet would also appeal to environmentalists as it reduces reliance on plastic bottled water, making it a green attribute. Moreover, this added feature shapes a cost efficient and convenient home, slashing off the need to leave the house in order to purchase water.\n\n\nRequest for an Official Assessment\n\n\n\nWith minimum real estate knowledge, a lot of minor details may be missed out that may end up reducing your property value. Having a thorough inspection done by a professional inspector can help pin point aspects of the property that could make or break that deal.\n\n\nWriter by Renu the Lame Joke Enthusiast\n\n\nFor more on your prime real estate current reports and written rallying, stay tuned to \nTheRoofTalks\n. Let us know what you\u2019d like to hear us write on our local property market! Shoot out your questions below in the comment section!\n\n\n\n\n\n\n\n\nStarproperty.my \n\n\n\n\n\n\n\n\nMister Sparky OKC\n\n\n\n\n\n\n\n\nCategories\n\n\nHome and Design\n \n\n\n\n\nTagged\n\n\nproperty prices\ntips\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nTwo Homegrown Malaysian Wins Gold at Asia Young Designer Summit 2017/18.\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nIntroducing PropRebate, the first property cashback platform in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/06/18/first-property-cashback-malaysia/", "title": "Introducing PropRebate, the first property cashback platform in Malaysia", "body": "\n\nAn eye opening new platform that kills (connects) convenience and property cashback benefits with one stone (your request).\n\n\n\n\nKuala Lumpur, 8 June 2018 \u2013 \nRiding on the waves of innovating Malaysia\u2019s real estate industry, \nPepite Technology Sdn Bhd\n is announcing their newly launched property cashback platform, \nPropRebate.com\n, a service that assists home buyers towards purchasing their dream property in efforts on simplifying and shortening the \nlong and tedious processes\n that goes along with it.\n\n\nThe local real estate industry being somewhat unshaken by the ever evolving technological revolution over the past years. The overall structure of the industry has been proven outdated and inconvenient. This caused\u00a0\nGadiy Lim\n, the co-founder of \nBumbung.co\n alongside Chief Technology Officer \nPed Rahmati\n, who previously served as the Director of Software Engineering at Monster Technologies Malaysia, to bring about the positive change with the disruption of the property purchasing processes by combining a few steps and creating value through cashback benefits.\n\n\nCTO (Ped) with Co-Founder (Gadiy)\n\n\n\u00a0\n\n\n\u00a0\n\n\n\u00a0\n\n\n\u00a0\n\n\n\u00a0\n\n\n\u00a0\n\n\n\u00a0\n\n\n\u00a0\n\n\nPropRebate\n aims to bring about time and cost efficiency for property buyers. By directly keying in their requirements, the home buyers will be connected with our network of sellers and agents with the 5 relevant listings. With the buyer\u2019s knowledge, a quick check with the bank will verify the buyer for their ability to attain a mortgage loan. For the first time, buyers will no longer be left in the dark knowing that their loan may be rejected (which actually affects the buyer\u2019s ability of attaining a loan next time). The verification of buyers in the buyers report generated by \nPropRebate\n will be a bargaining point for Seller\u2019s to act swiftly to secure a serious buyer.\n\n\nA buyer could also request a property that they\u2019ve already been eyeing on. By getting in touch with \nPropRebate\n, the property\u2019s Agent / Seller will be invited to the platform by the team.\n\n\nOnce a property is bought / sold,\n\n\nThe buyer uploads their copy of the signed Sales and Purchase Agreement (SPA) to \nPropRebate.com\n and can benefit on cash back\n. \nCash back benefits begin\u00a0from \nRM1,500\n for the smallest property price of RM300k.\n\n\n\u201cWe understand what property buyers are going through and with today\u2019s listing platforms. The buyers are faced with too much noise among the hundreds of thousands of listings. Which does not help to make home finding easier but instead adds on to time consumption. Fortunately, we took this as an opportunity to create something valuable for our buyers. By innovating the purchasing process that buyers and sellers have to deal with, we ultimately shorten the property acquisition process down to as little steps as possible.\u201d said Gadiy, co-founder of \nProprebate\n.\n\n\nThe platform also secondarily acts as a support system to local real estate agents. The platform could be utilized as a lead generation engine, guaranteeing hassle free deals with serious buyers.\n\n\nWhen asked about if it\u2019s removing Agents out from the property deals\n\n\nLim responded, \u201c\nPropRebate\n \ndoes not remove them, but we engage them for their professional\n \nservices\n of handling the opening of premises, deposits and the conveyance of the property.\u201d\n\n\n\u201cThe real estate industry has not been impacted by disruption and has grown to become a market with an infinite supply. We see this as an advantage; our aim is to quickly be the market leader for demand (buyer\u2019s). We\u2019ve seen a positive take as we\u2019ve successfully seen 4 of 5 buyers go on their first property viewing within the same week.\u201d added Lim.\n\n\nFor home seekers looking to experience the latest in Malaysian property technology services in purchasing a home can do so by heading over to \nPropRebate.com\n from the \n1\nst\n of June\n onwards.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\nTagged\n\n\ncashback\nmortgage\nmortgage financial solutions\nproperty\nproptech\nreal estate\nreal estate investments\ntechnology\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n10 DIY Ways to Boost Your Property Market Value\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWorld Refugee Day: How it Feels to Not Have a Home\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/06/25/world-refugee-day-2018/", "title": "World Refugee Day: How it Feels to Not Have a Home", "body": "\n\n\u201cThese keys remind me of my life, the life I want to go back to.\u201d said Shaima.\n\n\n\u00a0\n\n\nThe sun peeked through the clouds just like any other day, the smell of toast wafting through the air like a summon to come out of slumber. Getting out of bed was hard, as usual, as eyes slowly focused around the small room. Though its size was laughable to some, for the inhabitants it was sufficient enough to hold an entire family\u2019s memories while still having space for activities \u2013 space for children to grow, laugh, and play.\n\n\nAnd then there was a big bang.\n\n\nUnlike the one that gave existence to our universe, this one brought death and destruction, loss and desolation. Before the mind could comprehend what was happening, their bodies felt the impact of the blow.\n\n\nFast forward to a few months later and gone was the tiny room that held so much life, so much individuality. That loss meant the absence of safety and security for the family. Without a place to call home, the family was uprooted from their land, left to seek shelter in foreign countries. As a last resort, relying on the benevolence of strangers from an unfamiliar culture and different lifestyle.\n\n\nBut what does it really mean to have a home?\n\n\n\u201cI don\u2019t have any belongings to remind me of home. I don\u2019t even have memories of my mother\u2019s face,\u201d said Abdul Rahman. \u201cThe most important thing I brought with me was my life.\u201d\n\n\n\u00a0\n\n\nIn conjunction with World Refugee Day, the team behind TheRoofTalks decided to dig a little deeper into what the multicultural refugees in Malaysia have to call home.\n\n\nRefugees who seek asylum in foreign countries are normally housed in refugee camps where they are fed and facilitated with no decision making rights. This means that they are unable to plan out their lives as they live day-by-day legally within the confines of the camp.\n\n\n\u201cI brought the report cards to remind my children how well they did in Sri Lanka, to give them hope, and confidence that they have the capability to achieve success again,\u201d Rubba said.\n\n\n\u00a0\n\n\nMalaysia, on the other hand, does not have refugee camps; thus, the UNHCR prepares the necessary papers for these refugees to allow them to live freely within the Malaysian community. They are given freewill and agency over determining their own lives. With this freedom comes hardship. Refugees are left to fend for themselves when looking for housing and security.\n\n\nArmed with only the clothes on their backs and what little money they have in their accounts, they choose to share high-rise low cost apartments with a large number of people to spread out the cost of rent. Often, landlords take advantage of the fact that these refugees are hiding away from the authorities to hike up the cost of their rent.\n\n\nWhen their grandmother died, she left for them some things that belonged to her \u2013 gold jewelry for the girls, prayer beads, and her beloved red shawl.\n\n\n\u00a0\n\n\nMost refugees are completely content with living shoulder to shoulder with their fellow refugees in need, sharing facilities that are sometimes in unsanitary conditions, all in order to ensure everyone has a portion of food in their bellies and a place to sleep at night.\n\n\nThese refugees, who were originally strangers, become a family in these times of crisis and end up building a strong community based on helping each other to rebuild their lives in a foreign land. Many of the members of the community share everything they have despite having their own struggles.\n\n\nThe most important thing he carried with him is a picture of his father. His most fervent wish is to be able to see his father again.\n\n\n\u00a0\n\n\nFor them, survival beats comfort and helping their fellow survivors is key to rebuilding everything that they had been forced to leave behind \u2013 their families, friends, careers, educations, homes, their lives.\n\n\nThese refugees are fully capable of rebuilding their lives but they still require all the help they can get. By helping them to become self-sufficient, you are aiding another human to have the dignity of life that we all are entitled to.\n\n\nThe most precious items they carried with them were their traditional attire.\n\n\n\u00a0\n\n\nTo contribute to these refugees, please do head on over to \nhttp://www.unhcr.org/en-my/world-refugee-day.html\n.\n\n\nWritten by: Renu & Sheldon, in support of the aid of refugees #WithRefugees\n\nImages are courtesy of the UNHCR.\n\n\nThis article was brought to you by \nPropRebate.com\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nIntroducing PropRebate, the first property cashback platform in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHidden Gem Bookstores In Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/06/27/hidden-gem-bookstores-malaysia/", "title": "Hidden Gem Bookstores In Malaysia", "body": "\n\nList of Bookstores in Malaysia For Every Book Enthusiasts and Bibliophiles Out There\n\n\nAre you an ardent bibliophile who always has your nose continuously in a book?\n\n\nMost of us would go to conventional bookstores, but did you know that there a lot of hidden gems of bookstores out there?\n\n\nHence, we present to you the bibliophile guide of notable underrated bookstores.\n\n\nLIT BOOKS\n\n\nLocated at Tropicana Avenue in Petaling Jaya, Lit Books had the origin of its name inspired by the quote \u201cGood books light up our world\u201d.\n\n\nMin Hun and Elaine, the owners of Lit Book, are a husband and wife duo who were former journalists. They chose the word \u201cLit\u201d as it can offer different connotations such as illumined or even literacy and literature.\n\n\nThe brains behind Lits Books are avid readers themselves\n\n\nTo represent Lit Book and encapsulate their branding as a whole, a firefly was chosen to be its logo as it signifies the literal meaning of their bookstore.\n\n\nThe owners chose a firefly as their mascot.\n\n\nThey also have a book review section on their website called the Lit Review column where Elaine is the main reviewer with occasional reviews by guests.\n\n\nAside from selling books, they also sell literary-themed merchandise and trinkets from the US and UK.\n\n\nWhat\u2019s more fun is that the bookstore comes with a boutique cafe called the Lit Bar equipped with Nespresso Coffee and specialty teas!\n\n\nNext to the Lit Bar situated a spacey working area for people to enjoy their time there.\n\n\n\n\nLocation\n: Unit P-1-11, Level 1, Tropicana Avenue, 12 Jalan Persiaran Tropicana, 47810, Petaling Jaya, Selangor\n\n\nTel\n: +603 7886 6988\n\n\nOpening Hours\n\n\nMonday:\u00a0\nClosed\n\nTuesday: 1pm to 9pm\n\nWednesday to Sunday: 11am to 9pm\n\n\nBOOKALICIOUS!\n\n\nAvid reader Leon Ngai decided to open up a family business with his wife, Wendy Chow. Leon describes Bookalicious, started in April 2010, as a boutique bookstore selling great books at a competitive price.\n\n\nBookalicious front store view shows multiple promotions.\n\n\nThe Bookalicious mascot is a cow named Theodore, along with a dog called Mimi who was inspired by Ngai\u2019s pet poodle.\n\n\nLeon himself drew the mascot for Bookalicious.\n\n\nLocated at The Summit USJ, Bookalicious caters to book lover from different walks of life ranging from children\u2019s books, young adults, as well as some good old classics.\n\n\nFinally, Bookalicous fans know that they can rely\u00a0on Leon\u2019s suggestions of books if they are ever stuck\u00a0on what kind of reading material they should get.\n\n\nAccording to Leon, it is the greatest honour to be given this propriety by his customers.\n\n\nLocation\n: Lot G22, Ground Floor, The Summit Subang USJ, 47650, Subang Jaya\n\n\nTel\n: 03-8023 7548\n\n\nOpening hours\n: Daily 12:30pm \u2013 9:30pm\n\n\nBookXcess\n\n\nBookXcess is considered to be the underdog if it was to be compared to its competitors in the likes of MPH or Popular, but this underdog proved to be one the best bookstore you visit in Malaysia.\n\n\nIn addition to becoming one of the main sponsors of the massive book convention \u201cBig Bad Wolf,\u201d BookXcess offers one of the biggest discounts you can get in comparisons to other bookstores, offering up to 50% till 80% discount of the full price.\n\n\nHow did they manage to sell these books at such a low price? Through purchasing the remaining unsold books directly from publishers.\n\n\nThe most noteworthy information is that these books sold by BookXcess are not secondhand, damaged, or old but are brand new titles.\n\n\nFurthermore, BookXcess recently launched a new store that is open for 24 hours located in Tamarind Square, Cyberjaya that encompasses the theme of a library with a massive amount of 250,000 books.\n\n\nThe wide space of BookXcess store in Tamarind Square, Cyberjaya\n\n\nThe range of books aside, this BookXcess location also offers WiFi connection and plug points for those who wish to work or even do a little bit of studying.\n\n\nAside from the one in Cyberjaya, you may also visit the other branches such as the one at Amcorp Mall and Starling Mall situated in Petaling Jaya.\n\n\nAlso, you could opt to go to the one in Farenheit88 in Kuala Lumpur or at Centro Mall in Klang.\n\n\nThe original car park signs were kept to emphasise on the uniqueness of BookXcess Tamarind Square.\n\n\nMost of all, if you are a fan of secondhand books and just love the smell of a good old book, we would recommend you to drop by these places.\n\n\nKEDAI BUKU\n\n\nYes, you read that right. It\u2019s the witty name of the bookstore.\n\n\nApparently, this bookshop has been in existent since 1986. Mr Muru who runs Kedai Buku\u00a0offers a varied range of pre-loved fictional books with a few selections of travel guides and magazines. And, if you are lucky enough, you might find a hidden stash of new books.\n\n\nAmongst the bustling area of Central Market, located a recession-proof bookstore called Kedai Buku.\n\n\nKedai Buku also offers a book rental program. If you return the book to the shop within a month, you\u2019ll get a refund that equals to the amount you bought it with a small rental charge of RM2-RM3.\n\n\nIt can be seen that the books in the shop lined up from the floor up to the ceiling.\n\n\nLocation\n: Lot G54, Ground Floor, Central Market, Jalan Hang Kasturi, 50050, Kuala Lumpur.\n\n\nTel\n: 03-8023 7548\n\n\nOpening hours\n: Daily 10:00 am \u2013 9:30 pm\n\n\nJUNK BOOKSTORE\n\n\nThe most noteworthy point is that this ordinary bookstore located at Jalan Tun H. S. Lee was awarded the title of \u201cLargest Secondhand Bookstore\u201d by Malaysia Book of Records in 1998.\n\n\nAmongst the hustle and bustle of a city is this rare gem of a secondhand bookstore.\n\n\nJunk Bookstore is a go-to place for book collectors alike due to the fact that this is the place to find rare first editions, out-of-print books. Moreover, they also sell comics and autobiographies.\n\n\nFurthermore, the price of the books sold here depends on the customer\u2019s values on it and how much money would they be willing to spend to get their hands on a rare gem of a book. Hence, collector\u2019s edition could be pricier than the normal version.\n\n\nIt is not surprising that Junk Bookstore once managed to sell an RM8,000 book on Malayan History and British Colonial era.\n\n\nLocation\n: Junk Book Store, 78 Jalan Tun H. S. Lee, 50050 Kuala Lumpur.\n\n\nSo whether you are a fan of new releases or a fan of musty-smelling secondhand books, there will always be places for bookworms to get their hand on their favourite. Most of all, if you look hard enough, you might find hidden gems that will be worth a keep.\n\n\nFor more on the ups and downs of the Malaysian Property Industry or just interesting topics, head on over to our new site,\u00a0\nTheRoofTalks\n.\n\n\nWritten by: Diyana.\n\n\n\n\n\n\n\n\nLit Book\n\n\n\n\n\n\n\n\nPoskod.my\n\n\n\n\n\n\n\n\nTimeOut\n\n\n\n\n\n\n\n\nTimeOut\n\n\n\n\n\n\n\n\nThe Star\n\n\n\n\n\n\n\n\nHugh Low\n\n\n\n\n\n\n\n\nThe Star\n\n\n\n\n\n\n\n\nSays\n\n\n\n\n\n\n\n\nCentral Market\n\n\n\n\n\n\n\n\nPoskod.my\n\n\n\n\n\n\n\n\nCategories\n\n\nLifestyle\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWorld Refugee Day: How it Feels to Not Have a Home\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhy You Should Buy a Property Now\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/07/01/why-you-should-buy-a-property-now/", "title": "Why You Should Buy a Property Now", "body": "\n\nThe locals rejoiced when told that the dreaded Goods and Services Tax or most antagonistically known as GST was being lowered to a mind blowing 0%. Though, be warned that technically GST is not gone. It\u2019s value had been reduced to 0%. Parliament would have to convene in order to completely abolish the tax but it will most probably be replaced with the preciously implemented Sales and Services Tax (SST) come 1st of September. This is why you should buy a property now.\n\n\nSo why would it be best to lock down and sign that Sales and Purchase Agreement on your new property now?\n\n\nIn order to answer that question we\u2019d have to first understand how the Goods and Services Tax effected the real estate market since it\u2019s implementation.\n\n\nCommercial Properties\n\n\nCommercial properties such as shop houses and office spaces were subjected to the standard rate of 6% GST on top of pricing hikes due to construction materials being subjected to the same tax. Hence, buyers were paying double the taxes due to the space itself as well as the foundation of the building.\n\n\nResidential Properties\n\n\nResidential Properties also saw a price hike during the implementation of the tax despite being GST-exempted. The application of GST towards construction materials caused residential properties to also feel the wrath of the Goods and Services Tax.\n\n\nThe tables below show a comparison between the cost of a\u00a0\nnew\n\u00a0property before and after GST.\n\n\n\n\nThe example above shows a price increase of\u00a0\n3.41%\n\u00a0for\u00a0\nnew\n\u00a0residential properties post-GST implementation. But there is a plus point to this.\n\n\nWith that being said, why should you buy a property now?\n\n\nDue to GST being zeroed out, developers; consultants and analysts have predicted a 2% to 6% price drop. This comes with the reduction of the Goods and Services Tax from commercial properties as well as construction materials.\n\n\nMany contractors often purchase a bulk of materials at one go. The market may take a while before fully reacting to the drop in construction material prices. Contractors would have to first utilize the materials they have in their inventory.\n\n\nWhereas, there are developers who are leveraging on the announcement and festivities. They are promoting significantly lowered prices to early bird buyers as a marketing strategy. Others are foreseen to follow suit in order to not be left behind during this time of economical change.\n\n\nInterested home buyers should take advantage of this stable period before the market takes that unpredictable turn with possible implementation of SST, which of course, we will be looking out for, right here at The Roof Talks.\n\n\n\n\nWritten by: Renu\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHidden Gem Bookstores In Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nFreehold vs Leasehold. What's the Difference?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/07/05/difference-between-freehold-vs-leasehold/", "title": "Freehold vs Leasehold. What\u2019s the Difference?", "body": "\n\nFreehold and Leasehold. Which one should you go for when buying a property?\n\n\nEver heard the term leasehold and freehold while you are browsing for properties? Did you wonder on what\u2019s the difference between them?\n\n\nDid you know that for\u00a0the property transaction, Malaysia uses the Torren system to certify the ownership of the property? It is a system for registration of ownership through title and it records all the transaction involving dealings and interest.\n\n\nIn this certificate of title that contains the details of the land along with the information on whether the property is a leasehold or a freehold property.\n\n\nFreehold Properties. The benefits and the drawbacks.\n\n\n\n\nA freehold property is a property that is disposed to the owner in perpetuity by the state. In other words, a plot of land is set aside by the government and is given indefinitely to an individual.\n\n\nType of property that can be associated with freehold are condominiums, private housing, and bungalows.\n\n\nThe most notable perk of purchasing a freehold property is that there will be fewer regulations and conditions should the owner like to transfer the ownership of the property.\n\n\nThe owner also has the right to subdivide and allocate the land but it is subjected to the town planning controls.\n\n\nOne of the drawbacks of having a freehold property is that\u00a0for public purposes (transportation, economic development\u00a0etc) the state has the authority to take back the freehold land but it will be compensated.\n\n\nThis is stated in the Land Acquisition Act 1960.\u00a0 But if there is no upcoming development on the land, the state cannot claim the land from the owner.\n\n\nIn some cases, a number of freehold properties need consent from the state if a transfer of ownership is to be done as it were originally leasehold that was converted to freehold.\n\n\n\u00a0Leasehold Properties. The pros and cons\n\n\nLeasehold, on the other hand, is the state\u2019s government property or land that is being leased with a fixed amount of years to the public. The years could be varied within the range 30, 60, 99 or it can be up to 999 years.\n\n\nThe ownership of the property will then be given back to that government upon the expiration of the lease.\n\n\nIf the owner decided to renew or extend the lease, consent must be obtained from the state government with a premium that is based on the percentage of a similar freehold property market value.\n\n\nThe restrictions and regulation are usually stated in the lease itself. Inability to follow through this compliance might cause the tenant to be declared as unfit and the security for the tenure might be compromised.\n\n\nIn order for one to sell a leasehold property, you need to get the consent from the state before starting the sale that could take up to 6 months or maybe even a year.\n\n\nFor cases like purchasing a secondhand leasehold property in Selangor and Kuala Lumpur, the paperwork for the ownership transfer might take up to a year or more dependent on the number of consent requests.\n\n\nEven though the value of a leasehold property has more value than a freehold property during its earlier years, once it reaches 30 years, the value will remain static or even declining until it reaches its expiry.\n\n\nFrom a financial perspective, it is harder to get a loan if you are looking to purchase a leasehold property with less than 50 years remaining on the lease. Banks usually only cater to lenders who are applying for a property with at least 75 years remaining on the lease.\n\n\nYou might have to allocate a little bit more cash on the down payment if your application does get through with less than 50 years as the loan amount will be lesser than 90%.\n\n\nSo, what\u2019s the verdict?\n\n\nThe final decision on whether one should go for a freehold or a leasehold property is dependent on the person\u2019s perspective. This is where housing affordability and how one balances the pros and cons between the two comes into play. If you prefer to own a property with a bigger sense of ownership then you should go for a freehold property, but if one is opting for a cheaper option, then a leasehold property is the route to go to as it is usually 20% cheaper than a freehold property with more amenities and convenience provided by the developer.\n\n\nWritten by Diyana.\n\n\n\n\n\n\n\n\nStarProperty\n\n\n\n\n\n\n\n\niMoney.my\n\n\n\n\n\n\n\n\niProperty\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhy You Should Buy a Property Now\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBumbung.co is Shifting Gears\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/07/09/bumbung-co-shifting-gears/", "title": "Bumbung.co is Shifting Gears", "body": "\n\nMalaysia\u2019s leading proptech platform is looking at new horizons to further innovate the property acquisition process. \n\n\n\u00a0\n\n\nKuala Lumpur, July 2018 \u2013 \nAfter two years of disrupting the real estate scene in Malaysia, \nBumbung.co\n has decided to change tracks by pivoting their attention towards improving, upgrading and creating awareness for their subsidiary platforms, \nPropRebate\n and \nPropDIY\n. The aim of the move is to ensure improved value added services refined for home buyers, home owners and real estate agents alike.\n\n\nPropRebate.com\n, which was launched to the public as of the 1\nst\n of June, has not only received rave reviews from those who have utilised the platform to purchase their new property but also still holds the title of Malaysia\u2019s First and Only Property Cashback Platform.\n\n\nPropdiy.com\n on the other hand will launch soon towards August and its focus is to help home owners to bring their property to market and sell their own property without an Agent. The team behind the platform ensures that the home owner\u2019s property is listed at the right places without being \u201cpromised\u201d by the Agents for a sale. From advertising to all platforms across to signages, open houses and identity protection, the team has put together collaterals across different channels that targets the right audience for your property listing. The crux to getting a fast deal is to be sure that your property is seen marketed.\n\n\nBumbung.co\n created these platforms to differentiate the needs and requirements of both home buyers and home owners while also addressing the lack of a support system for real estate agents to acquire solid leads in the property business. The main goal is to ensure refined solutions for the problems faced by both sides of the property acquisition transaction process.\n\n\nBumbung.co\n will change its direction from a marketplace module to a service platform that houses both \nPropRebate\n and \nPropDIY\n for the buyer and home-owner needs. Continue to expect great features that will improve and simplify the property acquisition experience in the Malaysia real estate scene.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nInside Bumbung\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nFreehold vs Leasehold. What's the Difference?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow Real Estate Agents Can Stay Relevant in The PropTech Era\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/07/18/how-real-estate-agents-can-stay-relevant-in-the-proptech-era/", "title": "How Real Estate Agents Can Stay Relevant in The PropTech Era", "body": "\n\nThe real estate industry in Malaysia has been going through a metamorphosis with technological innovations, though there is one aspect of the real estate scene that has yet to be directly effected by such advancements, which are the real estate agents.\n\n\nDespite the fact that real estate agents have yet to be effected by digitization, they also face multiple challenges that come with the disruption including:\n\n\n\n\nSpending insane amounts of money buying packages from various online classified portals\n\n\nNot having time to upload their listings on the many online classified portals\n\n\nListings on online classified portals have a tendency of getting lost between the clutter of the millions of other listings\n\n\nIdentifying and filtering out buyers from agents with hidden agendas\n\n\nFiltering out serious buyers from window shoppers\n\n\n\n\nSo, how can real estate agents stay relevant throughout the innovation of Property Technology in Malaysia?\n\n\nIt is important for real estate agents to take advantage of property transaction data available online, to\u00a0provide accurate and timely information that could help with customer retention, from sources such as:\n\n\n\n\nEdgeProp.my\n\n\nthe National Property Information Centre (Napic)\n\n\n\n\nThere are also innovative sources helping agents to connect with potential buyers who will least likely waste their time and resources and more likely to close a deal, such as:\n\n\n\n\nPropRebate.com\n (Real estate agents will be provided with serious buyers with pre-approved loans, filtering out window shopping buyers. This guarantees 0% chances of crafted deals collapsing at the last minute due to the buyer\u2019s financials.)\n\n\n\n\nBy utilizing such platforms, agents can give themselves an advantage over the competition.\n\n\nIt is understandable that many real estate agents turn away from the rise of property technology in fear. Though the property industry might become a scarier place if these advancements go underutilized.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBumbung.co is Shifting Gears\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHome Owners From Hell\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/07/26/shit-real-estate-agents-hate/", "title": "Home Owners From Hell", "body": "\n\nSo, you want to sell your property. The first thing you would do is contact and hire a real estate agent with two goals in mind, selling off your property as soon as possible and helping you get a sweet price out of it. But who would know the awesomeness of your property than yourself, right?\n\n\nWell, before you get a little too involved in the process, here\u2019s a little guide as to how to not get on the wrong side of your real estate agent as he or she is going about their job.\n\n\nHere are 5 things home owners do that real estate agents hate\n\n\n1) Sticking Around for Showings\n\n\nInterested buyers often feel like they\u2019re intruding in your daily routines if you are seen around your property. The potential buyer will most likely cut the tour short even if they have yet to see everything that needs to be seen.\n\n\n2) Overhyping Upgrades\n\n\nNot everyone will consider an upgrade to be an upgrade. Plush new carpeting won\u2019t go well with potential buyers with allergies while your new heated bathroom floors may be considered a costly feature to maintain on the long term.\n\n\n3) Promising Repairs, but not following up\n\n\nEspecially if the repairs have been included in the offer. Real estate agents then would have to pressure you as the client into making the repairs which may lead to you getting upset. This puts the agent in a really awkward position between an angry potential buyer and an upset seller.\n\n\n4) Leaving a Mess\n\n\nJust because the photos have been taken does not mean you can leave your dishes everywhere. Clean and tidy houses make viewings and tours a much more pleasant experience. A messy property can look like it\u2019s worth a lot less than what it\u2019s on the market for.\n\n\n5) Getting greedy\n\n\nWhen you agree on a price and list your home, you\u2019ll typically receive offers that come in around a range of pricing close to asking. If you agree on a price and list your home, but another home pops up for a higher asking, resist the urge to relist your home at a higher value.\n\n\n\u00a0\n\n\nHave you made any of these mistakes?\n\n\nAs a owner selling off your property, you should know a thing or two about RPGT huh? Oh, you don\u2019t? Let us \nguide\n you.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow Real Estate Agents Can Stay Relevant in The PropTech Era\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Do's and Don't of Property Feng Shui\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/08/16/your-property-feng-shui-dos-and-dont/", "title": "The Do\u2019s and Don\u2019t of Property Feng Shui", "body": "\n\nPlanning to buy a new home in the near future? You\u2019ve surely thought of the positioning of furniture and interior design, but have you also considered the Feng Shui of the house?\n\n\nFeng means \u201cwind\u201d and Shui means \u201cwater\u201d.\n\n\nThe combination of both wind and water is associated with good health. Thus, good Feng Shui\u00a0promises good fortune, happiness, and a combination of other harmonious vibrations.\n\n\n\n\nFeng Shui is the subtle art of balance and harmonization of energies in any given space. It has it\u2019s own impact on some of the interior design or the architectural layout of a property or space.\n\n\nThose who practice Feng Shui put a lot of thought into it before buying a property. The determining factor to their purchase decision will in the end be the quality of energy that surrounds the property.\n\n\nSpeaking of surroundings, good Feng Shui calls for the outer environment of the house to be a little less balanced, with a bigger sized backyard compared to a bigger front yard.\n\n\nThe main focus of a house with good Feng Shui?\n\n\nA sturdy front door that receives the energy or otherwise known as Chi. The things to look at for a good front door is its size and proportion as well as the pathway that leads to it. But also hold in mind to ensure that all the doors in the house do not have a direct door alignment because this will cause a loss of energy as there is a strong rush of Chi.\n\n\n\n\nTo maintain the good energy flow of Chi in the house, several factors should be considered in the house selection. Is it good to note whether the staircase is facing the front door, bathroom or closet door? Is there a wall as soon as you come in? And whether the upstairs bathroom is above the front door? Best to avoid all of these to keep the good energy embodiment.\n\n\nThough there\u2019s always a negative side of things to balance out positive energy.\n\n\nFor Feng Shui, it is called the Sa Chi, which is also known as the attacking or killing energy.\n\n\nAttacking energy can be found either outside or inside of a house. A cluttered house, with lack of order, will result in an indoor Sa Chi environment. A method to reduce this is to do space clearing every once in a while.\n\n\nSa Chi also comes from a sharp\u00a0angle wall that is pointing towards your bed. This \u2018poison arrow\u2019 gives out attacking energy directed towards your body, so keep in mind where you place your bed in your home.\n\n\n\n\nTo prevent Sa Chi energy from entering your house from the outside, it is best to ensure that there are no sharp objects or structures pointed towards your doors or windows. An example of this would be if a big bare tree branch was pointing towards your door.\n\n\nThese elements are crucial if you are looking for a house with good Feng Shui and minimal Sa Chi.\n\n\nBut what are some extra signs that say its a good one?\n\n\nSome things that you should look out for is the surrounding environment. Is your future home close to a T-junction or railroad? Does the backyard have a slope? A good method to enhance your outdoor Feng Shui is to create a beautiful garden outside your house.\n\n\n\n\nSecond, is a clear flow or Chi rush of from front door. Good energy should be able to enter the property without anything blocking its path. Your main entrance also plays an important role, where the moment you first step in the house, what is the first thing you see? Is the view from your entrance blocked with a bathroom or stairs? A good flow of energy is where the energy is channeled throughout all the room.\n\n\nAlways keep an eye on the Feng Shui vibe in your kitchen, bathroom, and bedroom. These three common areas play an important role in the overall Feng Shui of your house and is fundamental for a house with good feng shui.\n\n\n\n\nAnd lastly, once you build a strong foundation, this energy should be maintained regularly, to keep it flowing rather than having it blocked or becoming stagnant by clutter. So it is important to do some space clearing from time to time.\n\n\nGood Feng Shui means good energy, and good energy makes up the idealistic lifestyle people are always searching for. This will help you to\u00a0sell the house in the future, so it is worthwhile to spend some time and effort to take care of the property\u2019s Feng Shui energy.\n\n\nIf you\u00a0are looking for a new home with a good Feng Shui vibe, head on to \nBumbung.co\n\u00a0 to find your next ideal home.\n\n\nWritten by: Diyana\n\n\n\n\n\n\n\n\nThe Spruce, Feng Shui\n\n\n\n\n\n\n\n\nCategories\n\n\nLifestyle\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHome Owners From Hell\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSURVEY: Help Us Build The Future Malaysia's Online Property Platforms\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/08/21/survey-help-us-build-the-future-malaysias-online-property-platforms/", "title": "SURVEY: Help Us Build The Future Malaysia\u2019s Online Property Platforms", "body": "\n\nThe Malaysian property industry saw a digital evolution back in 2008, with the rise of online property platforms like iProperty and PropertyGuru. Ten years later, we\u2019re still only exposed to such platforms with little to no innovative changes based on the growing needs of the masses.\n\n\nBumbung.co\n has taken it upon themselves to construct a new online marketplace platform with improved user experiences for both property buyers and sellers alike. But, they need your help.\n\n\nIn order to build a marketplace for the people, further information is needed.\n\n\nBe part of the future of online property platforms by letting your opinions be known!\n\n\nShare your thoughts with a simple 5 minute survey:\n\nFor Buyers and Tenants:\u00a0\nhttps://goo.gl/forms/f79iQPrjiWIEl8WF3\n\nFor Sellers and Real Estate Agents:\u00a0\nhttps://goo.gl/forms/Vk60sij3YQYGZj9y2\n\n\nYour feedback is fundamental for the framework of future property marketplace platforms. The future of proptech is in your hands. Bumbung thanks you!\n\n\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Do's and Don't of Property Feng Shui\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Ultimate Property Guide: First Time Home Buyers\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/10/01/the-ultimate-property-guide-first-time-home-buyer/", "title": "The Ultimate Property Guide: First Time Home Buyers", "body": "\n\nThe biggest goal I think I can achieve in adulthood could possibly be becoming a first time home buyer, marking the point in my life where I can finally say, I am financially stable enough. \n\n\nBut what I didn\u2019t know was how to actually go through the process, expecting it to be like online shopping on Lazada. Boy, was I wrong and I know I\u2019m not the only one. Hence, this one goes out to all my millennials out there scratching their heads over the process of buying their first home. \n\n\nLet\u2019s dive straight in, shall we?\n\n\n\n\nStep One: Figuring out if you\u2019re completely ready\n\n\n\n\nTo purchase your own home is to be tied down to one particular location for a long time hence, if you\u2019re a person that has to move around a lot, being tied down to one property in one location may not be a good idea for you. \n\n\nTo be ready is also to be prepared to expend a third of your salary a month on monthly installments. This is also where you should also be prepared for a credit check with a bank to ensure your eligibility for a mortgage loan, assuming you don\u2019t already have a lot of other financial commitments to juggle. \n\n\nAnd let\u2019s not forget the finances that will go into paying the down payment for the property as well as legal fees for the documentation required. \n\n\nWith all of that taken into consideration, this is where you ask yourself, are you really ready? \n\n\n\n\nIf yes, please read on. \n\n\nStep Two: Finding a suitable property\n\n\n\n\nHere\u2019s where we can cut to the chase. At this stage, you know what you want (or can afford) and where you want it (or where you can afford it to be). The location of the property may very well be the most important aspect of it as the location can make or break it\u2019s market value (property values can change according to the condition of the property as well as its surroundings.) \n\n\nHence, it\u2019s always smarter to find a property that is closer to your workplace, while surrounded by the amenities that you\u2019ll need on a routinely basis such as grocery stores, accessibility to highways, schools (if you\u2019re into children),petrol stations and so forth. \n\n\nOther aspects to look at would be the sizing of the property as well as number of bedrooms and bathrooms. Once you\u2019ve picked out and viewed a property of your liking, you\u2019re going to have to proceed with step 3. \u00a0\u00a0\n\n\nStep Three: Eligibility for Mortgage Loan\n\n\n\n\nHaving your credit checked earlier on is ridiculously important as you\u2019ll then know where you stand when it comes to eligibility for mortgage loans. It\u2019s also important to ensure you pick the mortgage loan from a bank with the lowest interest rates. \n\n\nPicking the lowest interest rate is important as during the first few years through your mortgage loan, the majority of your monthly repayments will be utilized to repay the interest rate and as time passes, a larger portion of the repayments will then go into paying off the principal.\n\n\nFor those who are like me and have no clue what I\u2019m talking about, the principal is the amount that you originally agreed to pay bank whereas the interest is the cost of borrowing the principal. \n\n\nStep Four: Negotiation and Making an Offer\n\n\n\n\nThis is where you should research a little on the valuation of properties in the same vicinity in which you\u2019re looking to purchase as if your valuation turns out lower than the negotiated price, this is when you can offer the property owner a lower pricing that is within the amount agreed upon by the bank. \n\n\nThe importance here is when the property price is higher than the amount that you\u2019re loaning, you\u2019re going to have to fork out the remaining amount to top up the purchase price, which might put a huge dent on your bank account as you\u2019ll also need to allocate a huge sum for stamp duty and legal fees. \n\n\nIf the property owner is desperate to sell, he or she may just accept it but if the owner chooses to counter offer an amount slightly higher, you will then have to come up with your maximum offer, based on the budget that you are working around and the owner will either have to take it or leave it. \n\n\nStep Five: Legal Processes, Documentation and Payments\n\n\n\n\nOnce all the verbal agreements are made, having a lawyer overlook the drafting of the offer letter and Sales and Purchase Agreement. \n\n\nWhen hiring a lawyer, it is essential to look for someone who would have your best interests in mind such as a family member or a friend. Some developers do offer complimentary legal services to those who purchase their properties, though you should always keep an eye out as these lawyers will be working with the developers best interest at heart. \n\n\nOnce you\u2019ve gotten your offer letter ready, have it signed and make the first 2% of the down payment, which goes to the agent involved for being the neutral party. The total amount of the down payment is usually 10% of the property price. The remaining 8% should be paid off once you\u2019ve finalized your bank loan and signed the Sales and Purchase Agreement. \n\n\nBut that\u2019s not the last of your payments. Here is a list of other miscellaneous fees you\u2019ll have to deal with: \n\n\n\n\n Stamp duty for transfer of ownership title (also known as memorandum of transfer or MOT) = 1% for the first RM100,000; 2% on the next RM400,000, and 3% on the subsequent amount.\n\n\n Sale & Purchase Agreement (\u201cSPA\u201d) legal fees = 1% for first RM150,000 and 0.7% of remaining value of property within RM1 million\n\n\n Stamping for SPA = Less than a hundred Ringgit\n\n\n SPA legal disbursement fee = A few hundred Ringgit\n\n\n Loan facility agreement legal fees = 1% for first RM150,000 and 0.7% of remaining value of loan within RM1 million\n\n\n Stamp duty for loan = 0.5% of loan amount\n\n\n Loan Facility Agreement legal disbursement fee = A few hundred Ringgit\n\n\n Fee for transfer of ownership title = A few hundred Ringgit\n\n\n Mortgage Reducing Term Insurance (ie. think of it as a life insurance for your home loan) = RM1,000 or more (some banks waive this amount)\n\n\n Government Tax on Agreements = 6% of total lawyer fees\n\n\n Bank processing fee for loan = RM200\n\n\n\n\n*Note: The percentages are based on recommended numbers and industry averages. Actual figures may differ.\n\n\nStep Six: Handover\n\n\n\n\nOnce both lawyers have agreed upon a completion or closing date to be stated on the Sales and Purchase Agreement, where all payments need to completed, the property owner will then have to handover the keys to you (within the number of days specified on the Sales and Purchase Agreement). \n\n\nBefore receiving the keys from the previous owner, ensure to collect the statements and receipts for all the utilities (electricity bills, water bills, sewage bills, etc) showing all the outstanding amounts paid up until the handover date. Do not accept the keys until the seller completes his personal payments in which you can then apply late delivery charges called Liquidated Ascertained Damages. \n\n\nIt\u2019s understandable that this entire process can come off rather complicating, but fear not for along with our First Time Home Buyer series, will be guides to each and every individual step mentioned above to further assist you throughout your journey to buying your first home! \n\n\n\n\nThis article was powered by \nBumbung.co\n. Having difficulty finding your perfect first home? \n\n\nLet \nBumbung.co\n lead the way. \n\n\nComing up next on the Ultimate Property Guide: First Time Home Buyers Series, we\u2019ll be delving a little deeper into Mortgage Loan Application. Stay tuned!\n\n\n\u00a0\n\n\nWritten by, Renushara Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSURVEY: Help Us Build The Future Malaysia's Online Property Platforms\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Ultimate Property Guide: Mortgage Loans for Beginners\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/10/08/the-ultimate-property-guide-mortgage-loans-for-beginners/", "title": "The Ultimate Property Guide: Mortgage Loans for Beginners", "body": "\n\nSearching for the Right Mortgage Loan\n\n\nThe experience of buying a new house can be a bit intimidating especially when it comes to the process of applying for a mortgage home loan. (Will you get the loan? Will you not get the loan? What will happen if you don\u2019t get the loan?)\n\n\nThings can get slightly more complicated if the jargon that the banks or the mortgage advisor use seem foreign or even alien to you. Terms like base lending rate or lock-in period can easily get lost in translation.\n\n\nFret not for you\u2019re not facing this alone. We\u2019ve decided to create a guide on how you can be well informed on mortgage loans by the time you\u2019re saying yes to your future home.\n\n\nCaution: This would be a lengthy post, but hey, more information you\u2019ll get from it right? Let\u2019s get started, shall we?\n\n\nKnow The Different Type of Home Loans Available\n\n\nAm I looking at a\n Term Loan, Semi-Flexi Loan \nor a\n\u00a0\nFull Flexi Loan\n? This is particularly important as you need to understand the concept before making the BIG decision that could affect you financially in the next few years. So what\u2019s the difference between these home loans?\n\n\nBefore we got into the contrast of these terms, firstly you need to understand the meaning of \nprincipal\n and \ninterest\n. As mentioned in the previous First Time Home Buyer \narticle\n, the \nprincipal\n is the amount that you originally agreed to pay the bank whereas the \ninterest\n is the cost of borrowing the principal. And in most cases, the monthly payment that you made is to pay off the interest first instead of the principal amount. So it is best to choose the type of loan that offers you the flexibility to pay for the interest as well as the principal amount owed.\n\n\nA\n Term Loan \nis a\n\u00a0\nfixed repayment schedule loan. A\u00a0person who opted for this type of loan would have to stick to the payment amount. In some situation that they decided to pay more than the allocated figure in hope to reduce the principal amount owed, one has to write to the bank to make the arrangement.\n\n\nAnd in most cases, if they wish to take out the money in case of an emergency, it won\u2019t be an easy feat. Hence in the first few years, you\u2019ll basically be paying off only the interest and not the principal amount owed.\n\n\nSounds rough huh? This was the case quite some time ago. Nowadays the conventional term loan offered by the major banks are mostly Semi-Flexi Loan.\n\n\nSemi-Flexi Loan\n is a modification of the conventional Term Loan offered by the banks that provided better flexibility. Its a loan option for those who would like to make an additional payment to\u00a0reduce the amount of principal owed. Although it does not offer full liquidity (access to withdraw the money as one pleases) to its lender, it is flexible enough for one to withdraw the money by simply requesting it via the Internet Banking portal.\n\n\nHowever, some banks still require you to\u00a0write to the bank to make the withdrawal arrangement. Bear in mind as well that this request would incur some processing time and a fee ranging between RM50 to RM100 for each withdrawal.\n\n\nFull Flexi Loan\n, on the other hand, offers full frontal flexibility where the customers are allowed to withdraw or put in money as they please, without any charges or arrangement incurred. A current account is usually attached to the loan. The amount in the current account will be used to deduct the installment (in this case mostly the interest) as scheduled so any additional amount in the account will be used to reduce the principal amount owed. A fee of RM5-10 monthly will also be charged for the maintenance of the account.\n\n\nSounds convincing, right? But not all banks offer this type of loan and usually Term Loan offers a better interest rate than a Flexi Loan.\n\n\nYou\u2019re probably wondering which type of home loan you should go for. It actually depends on your financial situation. If you have some extra cash to spend then you should go for a Flexi Loan as it will aid you in saving some interest payable. However, if you don\u2019t have the extra advantage of having cash lying around then go for the Term Loan as it will offer you a better interest rate.\n\n\nSkim for the Best Interest Rate You Can Get\n\n\nAlways do some research before you go for a particular bank for a home loan to get the best interest rate. Even a minuscule different on the interest rate percentage would implicate thousands of ringgit to your finances. So be wary to the different rate offers by the bank.\n\n\nOne way to discover the interest rate of different banks is to ask mortgage advisers of the banks. If you don\u2019t have the privilege of time to do this, there are few online sites that do comparisons of the different interest rate offers by the different banks. Google for these sites.\n\n\nWant to know an insider tip? Apply for multiple loans (don\u2019t sign any offer letters yet), and when you receive the offer letters from the banks that you are eligible for, use this as a vantage point, a bargaining tool for you to get a better rate with the bank that you are more keen to get a loan.\n\n\nVariable Interest Rate or Fixed Interest Rate\n\n\nBank Negara regulates the \nBase Lending Rate (BLR)\n, as is used as the basis to calculate the \nVariable Interest Rate (VIR)\n, a rate that fluctuates with the market condition.\u00a0 The BLR will be minus with the variable home rate. As an example, if the BLR is 6.6% and the variable rate for your home loan is -2.3%, then your actual home interest rate\u00a0(6.6% \u2013 2.3%) is 4.3%.\n\n\nThe \nFixed Interest Rate (FIR)\n, on the other hand, remain stagnant during the overall loan period. Say the fixed interest rate is 8% p.a, your outstanding loan amount will be charged at an interest of 8% p.a until the entire loan has been paid off.\n\n\nIt has been known that usually, the FIR has a higher rate compared to VIR. So which one should you opt for? Most people would go for VIR as the rate is usually lower than FIR, however, one should bear in mind that the BLR fluctuates. So if the VIR rise at a very high rate you\u2019ll probably pay for a higher interest rate than the one who opted for FIR. There is no final says in regards to this matter. It is all based on how you counterbalance the benefits and risk of the two type of interest rate.\n\n\nBe Wary of The Lock-In Period\n\n\nAside from paying attention to the interest rate that your paying, you should also be cautious of the \nlock-in period\n of your home loan. Lock-in period essentially refers to the period of time that you\u2019ll be charged with a penalty should you decided to pay a full loan.\n\n\nThe rate of the penalty usually varies between 2-3% of the overall loan amount and is usually 3 to 5 years long. What you should consider before determining the lock-in period is the probability of an emergency happening where you\u2019ll have to fork out money, having to sell off your house in order to do so or if you were offered a better interest rate and decided to refinance your home.\n\n\nThe best option would probably be to go for a shorter lock-in period for the purpose of flexibility, but don\u2019t opt for a shorter term if you have to pay a higher interest for it. Nowadays, there are a few banks that offer a loan without a lock-in period, so do your research beforehand.\n\n\nLoan Legal Charges, How Much You\u2019ll be Paying for it?\n\n\nGetting a home loan usually comes with \nlegal loan charges\n that include a loan agreement fee (1% for first RM150,000; 0.7% of the remaining value of loan under RM1 million), stamp duty (0.5% of loan amount), legal disbursement charges and government tax on legal fees.\n\n\nIf you are unsure on how much the total amount is for these loans\u2019 legal charges, there are a few online sites that aid with the calculation by just putting in the basic details of your home loan purchases. And if paying for these charges seems like a heavy burden on your shoulder, look for a home loan that offers \u2018zero moving costs\u2019 where the bank usually absorbs some or in certain cases, all of the previously mentioned cost and charges.\n\n\nHowever, there\u2019s usually a catch to this. The home loan that offers zero moving cost usually comes with a slightly higher interest rate, so make sure that you have done a thorough calculation on which option would be cost-effective.\n\n\nWell, that basically covers the overall fundamental information that you need to know regarding a mortgage home loan. Let\u2019s move on how to prepare yourself for the process and documentation.\n\n\nIf you\u2019re financially ready to purchase a new property, head on to bumbung.co to find your dream house.\n\n\nDocumentation & Processes of a Mortgage Loan\n\n\nYou\u2019ve probably chosen the best pick of home loan for your finances by now though preparing the right documents for your home loan application will not be a walk in the park, especially if you don\u2019t know what to compile from scratch.\n\n\nYou don\u2019t have to stress yourself out any longer, as we walk you through the process and the documents required for you to be fully prepared for a mortgage home loan application.\n\n\nStep 1: Preparing the Necessary Documents\n\n\nThe difference starts from whether you are a hired employee or a self-employed working in Malaysia.\n\n\nFor \nhired employees\n, you\u2019ll be required to provide the following documents to showcase your creditworthiness and also for the bank to determine whether you\u2019re a commission based earner or receiving a fixed income.\n\n\n\n\nCopy of your Identification Card (NRIC)\n\n\nLatest 3 months pay slip\n (for Basic Earners)\n\n\nLatest 3 months personal bank statement\n (Basic Earners) or\u00a0\n6 months \n(for Basic + Commission Earners) to prove that your salary is credited in accordance with the pay slip.\n\n\nLatest KWSP statement\n\n\nLatest EA form\n\n\nIncome Tax \u2013 Latest Form B/BE\n with payment receipt acknowledgment\n\n\nCopy of Vendor Sales & Purchase Agreement/Title/New Sales & Purchase Agreement\n\n\nDeposit statement\n\u00a0(Fixed Deposit, ASB or Bonds) to prove the credibility of your emergencies fund.\n\n\nProperty Booking Receipt\n\n\n\n\nMeanwhile, for those who are \nself-employed\n these are the documents that you have to prepare:\n\n\n\n\nCopy of your Identification Card (NRIC)\n\n\nLatest 6 months Personal Bank statement\n\n\nLatest 6 months Company Bank statement\n\n\nCopy of Vendor Sales & Purchase Agreement/Title/New Sales & Purchase Agreement\n\n\nDeposit statement\n\u00a0(Fixed Deposit, ASB or Bonds) to prove the credibility of your emergencies fund.\n\n\nProperty Booking Receipt\n\n\nBusiness Registration\n\n\n\n\nStep 2: Letter of Offer\n\n\nAfter submitting your application, all you have to do now is to wait for the \nletter of offer\n to arrive at your doorstep. This will usually take about a week. Some details that you have to pay close attention to are:\n\n\n\n\nType of Loan\n\n\nAmount of Loan\n: This determines the amount you\u2019re getting from the bank\n\n\nPurpose of Loan\n\n\nDescription of Property\n\n\nDuration\n: This is in regards to the period (years) given by the bank to pay back the loan\n\n\nProcessing/Set Up Fee: \nThe amount chargeable by the bank for setting up the loan\n\n\nMonthly Service Charge\n\n\nPrevailing Interest and Repayment\n: Includes the interest rate and the repayment schedule\n\n\nInstallment:\n Fixed monthly payment to the bank\n\n\nSecurity Documents\n: The bank will require further documents depending on whether the property has a title or not. (Security documents include\u00a0Charge Annexure, Facility Agreement, Charge instrument in Form 16A Power of Attorney, Deed of Assignment and Facility Agreement)\n\n\nPrepayment\n: It is when the lender makes an excess of payment. The entitlement of the excess payment will be based on the type of loan.\n\n\nMRTA/MLTA:\n Most well-known type of housing insurance. This can be part of the mortgage loan with the details of the amount and entitlement\n\n\n\n\nSo there you go, folks! These are the necessary information that you ought to know before choosing the right mortgage loan and the requirements to apply for them. Do look out for our next article, where we tackle what are the legal processes, documentation, and payments that you\u2019ll have to counter before you finally seal the deal for that dream home. Looking for a property? \nProprebate.com\n help buyers through the buying process and give them cash back on their purchase. All through verified agents.\u00a0 Enjoy cashback for every purchase property, visit \nProprebate\n today!\n\n\nWritten by Diyana\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nHousing Loan Malaysia : The Ultimate Property Guide: Mortgage Loans for Beginners\nProperty : Mortgage Loans for Beginners\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Ultimate Property Guide: First Time Home Buyers\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Ultimate Property Guide: Legal Documentation and Payments for Beginners\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/10/15/the-ultimate-property-guide-legal-documentation-and-payments-for-beginners/", "title": "The Ultimate Property Guide: Legal Documentation and Payments for Beginners", "body": "\n\nWhat are the legal documents and payments that you have to go through before sealing the deal for that property purchase? We\u2019ll guide you step by step so you can be fully prepared and aware of what\u2019s coming when you\u2019re planning to purchase a property.\n\n\nLegal Documents\n\n\nSales and Purchase Agreement\n\n\nIt is important for you to evaluate the time frame involving the creating and signing process of \nSales and Purchase Agreement a.k.a. SPA\n. This is to prevent you from being charged a late payment interest.\n\n\nFor a freehold property, the standard time frame to complete an SPA is 3 months given depending on whether there are no\u00a0encumbrances on the property. This is also the case for a property where the individual title has been issued.\n\n\nThe period for a leasehold property, on the other hand, varies depending on several factors such as the preceding condition that has yet to be fulfilled and so forth. A worst-case scenario is where you have to obtain consent from the involved State Authority. This may hinder the SPA period into 6 to 9 months.\n\n\n(P/s: To know about the difference between a Freehold and Leasehold property, you can refer \nhere\n.)\n\n\nOnce the drafting of the SPA is completed, the next step would be the signing of the SPA, which is usually done in the presence of an attorney as they are required to explain some of the core terms to you.\n\n\nThere are several clauses in the agreement that you should pay close attention to:\n\n\n\n\nTitle\n: Probably one the most important details that you should focus on. The title will let you know if the seller is the actual owner and if the house is currently charged (meaning the house is put up as security for a loan). It is important to also mentioned in the agreement that the owner will hand over the title to you once the agreement is complete. Basically, this will be the transfer of ownership and is done through a document called \nMemorandum of Transfer (MOT).\n\n\nFree from encumbrance\n: This is to protect you from any other claims. For example, if the house is charged by the previous owner, that owner will have to ensure that the charged is cleared before handing the property over to you.\n\n\nDefect liability period: \nThis clause is usually for properties that you bought off of a developer in which they would be responsible for any defects in the house for a certain period of time. However, for a sub-sale house, you\u2019ll just have to accept it as it is.\n\n\nLate payment charges/ Liquidated damages\n: Late payment charges is\u00a0when you fail to pay the developer/seller within the scheduled time, you\u2019ll be liable for an interest charged to you. Liquidated damages are the payment made by the developer/seller to you should they fail to deliver the vacant possession to you within the stipulated time.\n\n\nArea of the house\n: It may sound menial, but should the developer deliver a reduction from the final measurement stated in the agreement, you might be entitled to an adjustment sum.\n\n\nHouse plan:\n Describing the layout of the house and design, located in the First Schedule.\n\n\nPayment schedule\n: This is usually the case if you purchase the property from a developer. The payment schedule will state how much you have to pay and by when. However if you\u2019re getting a 90% loan, the bank and a lawyer will be responsible to arrange for the payment but is it good to keep your eyes on that as well.\n\n\n\n\nAnother document that usually comes with the SPA is the \nDeed of Mutual Covenants (DMC),\n\u00a0which basically lays out the rules and guidelines that the previous and new homeowner of the property agreed upon among each other. For example, what kind of renovation you can do and how many pets you can have. The DMC only applies when you are purchasing a strata property (a building or collection of buildings that has been divided into \u2018lots\u2019).\n\n\nLoan Agreement\n\n\nThe loan agreement comes with a few documents attached to it. Let\u2019s dive into each of them, shall we?\n\n\nThe \nFacilities Agreement (FA)\n is the main loan agreement and the facilities refer to the money that the bank will loan to you. It is pretty much the same for every borrower but what differs is the terms of your loan which is usually drafted in the \nLetter Of Offer\n that is attached to the FA. To find out what are the terms that you should be wary in the letter of offer, click here (link mortgage loan).\n\n\nAnother document refers to the assignment of your rights and interest in the property over to your financier (the bank) for the duration of the loan. This document is called the \nDeed of Assignment (DOA)\n and is the security aspect of the loan agreement. It states that the house is the security in return of the money. All of the owners of the house (in case of more than one purchaser) must sign the DOA with the consent that the house is being used as security.\n\n\nSince you\u2019ve signed the DOA giving the bank the rights to your property, the \nPower of Attorney (PA)\n will allow the bank to deal with your property on your behalf, hence all of the purchasers are required to sign the Power of Attorney.\n\n\nMemorandum of Charge (MOC)\n is kind of like a vice versa of DOA and PA, to provide security but you charge the bank your property in return for a monetary amount. The MOC will only be signed once the title of the property has been issued, in lieu of the DOA and PA.\n\n\nPayments\n\n\nDown Payment\n\n\nThe amount of down payment is usually 10% of the property value since in most cases the bank usually loans up to 90%, making it the difference between the purchase price and the loan amount.\n\n\nStamp Duty\n\n\nStamp Duty is a tax levied on a variety of documents including legal, commercial and financial documents. All transactions including sales, transfer, mortgage, and loan are subjected to legal stamps through stamp duty.\n\n\nThe purpose of the stamp duty is to ensure that in the case that you have to go to the court, your documents are to be used as evidence.\n\n\nThere\u2019s two variants of stamp duty which are:\n\n\n\n\nFixed Duties: Fixed charges are RM10 per unit, including stamps, policies, and stamps for every copy.\n\n\nAd Valorem Duties: Stamp duty based on the value of the transaction on the legal documents, including the MOT and DOA, the equity of the listed company, lease, loan contract, and legal documents\n\n\n\n\nThis means that for every legal property documentation, you will be required to pay for stamp duty.\n\n\nNow that we\u2019ve covered the legal documentations required,\u00a0we\u2019ll break down the payment for these documents.\n\n\nSales & Purchase Agreement Fee\n\n\n\n\nSale & Purchase Agreement (\u201cSPA\u201d) legal fees = 1% for first RM150,000 and 0.7% of remaining value of property within RM1 million\n\n\nSPA legal disbursement fee = A few hundred Ringgit\n\n\nStamping for SPA = Less than a hundred Ringgit\n\n\n\n\nLoan Agreement and Affiliated documents (FA, DOA, PA, MOC, MOT) Fee\n\n\n\n\nFacility Agreement legal fees = 1% for first RM150,000 and 0.7% of the remaining value of loan within RM1 million\n\n\nFacility Agreement legal disbursement fee = A few hundred Ringgit\n\n\nStamp duty for loan agreement = 0.5% of loan amount\n\n\nStamp duty for MOT = 1% for the first RM100,000; 2% on the next RM400,000, and 3% on the subsequent amount.\n\n\nFee for transfer of ownership title = A few hundred Ringgit\n\n\n\n\nValuation Fee\n\n\nIf you are getting a loan from the bank, the bank will usually send a valuer to conduct a valuation report of the property.\n\n\nThe minimum valuation fee is subjected to RM400 per property. The valuation fee is calculated by the following formula:\n\n\n\n\nFor First RM100,000.00 =0.25%\n\n\nNext residue up to RM2 mil = 0.2%\n\n\nNext residue up to RM7 mil = 0.167%\n\n\nNext residue up to RM15 mil = 0.125%\n\n\nNext residue up to RM50 mil = 0.10%\n\n\nNext residue up to RM200 mil = 0.067%\n\n\nNext residue up to RM500 mil = 0.05%\n\n\nNext residue more than RM500 mil = 0.04%\n\n\n\n\nOther payments\n\n\n\n\nMortgage Reducing Term Insurance (life insurance for your home loan) = RM1,000 or more (some banks waive this amount)\n\n\nGovernment Tax on Agreements = 6% of total lawyer fees\n\n\nBank processing fee for loan = RM200\n\n\n\n\n*Please note that all the numbers and values mentioned in this article may subject to changes.\n\n\nOverall, in the process of purchasing a house, it is important to take notes on what are the functions of all these different legal documents. You\u2019ll also have to ensure that you are financially ready to make all the payments involved during the whole property acquisition process.\n\n\nWe hope that this article helped clear any confusion you had regarding property acquisition documentation. If you believe you\u2019re ready to be the owner of a new house, do check out Malaysia\u2019s latest and most convenient property marketplace, \nbumbung.co\n!\n\n\nFor more property guides and giggles, stay tuned to The Roof Talks!\n\n\n\u00a0\n\n\nWritten by Diyana\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Ultimate Property Guide: Mortgage Loans for Beginners\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSuperstitions To Look Out For When Buying A Property\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/10/22/property-superstitions-buying-property/", "title": "Superstitions To Look Out For When Buying A Property", "body": "\n\nMalaysia has always been a superstitious country. From not cutting nails at night to touching wood when mentioning the possibility of something realistically terrifying, we\u2019ve looked to superstitions to guide our lives in the right direction.\n\n\nIn conjunction with Halloween, we\u2019ve found some of the superstitions local Malaysians live by when moving into a new house.\n\n\nThe Location\n\n\nMost major communities in Malaysia avoid properties that are built on a slope with the access road slopping downward toward the frontage road. Malaysians believe that can cause the owner\u2019s wealth and \u2018luck\u2019 to flow away and into properties located lower.\n\n\nAnother huge no-no is if the property entrance is built below the road level. It is believed that all the bad juju from other residences in the area will flow onto the road and eventually into that particular property. But more practically, these property see a lot more dust than properties that are on the same level or higher than the road.\n\n\nHome seekers also avoid properties that are either facing a T-Junction, or located at one. The Chinese believe that T-Junctions are the gateway for evil spirits to enter our world. Hence having your property at one or facing one could make your home the breeding ground for anything and everything demonic and paranormal.\n\n\nMost Malaysians avoid residing within the vicinity of high-tension wires. These wires could emit electrical or magnetic pulses, which many fear may cause cancer.\n\n\nThe Numbers\n\n\nAs Malaysians, we do have our aversions toward certain numbers. The most commonly and widely adhered to superstition regarding numbers in Malaysia may very well be the number 4. As in Cantonese, the number 4 is pronounced as \u201cSei\u201d, in which with a slight change of intonation could also mean \u2018death\u2019. Hence, you will never see a property or floor labelled with the number 4.\n\n\n14 is pronounced as \u201cSap Sei\u201d which closely sounds like \u201cSat Sei\u201d, translating to \u201cSure to Die\u201d. 24 is pronounced \u201cYi Sap Sei\u201d could very much sound like \u201cEasy to Die\u201d.\n\n\nThough, the Malay community in Malaysia tell a different story as the number 4, in Malay is \u201cEmpat\u201d which sounds like \u201cDapat\u201d, meaning gain or receive. Some even tell tales of how the number 4 looks like a person sitting cross-legged, looking as care free as a human can be.\n\n\nAnd then there\u2019s the most internationally notorious number of them all, the unlucky number 13. You don\u2019t even need us to tell you why this one is a widely avoided number.\n\n\nThe History\n\n\nAll properties have history hence it\u2019s good to find out what kind. If a property has been left vacant for a while and it looks unsafe and creepy, it is believed that there could have been an unnatural death in the property such as murder or suicide. Most Malaysians believe that the spirit of the deceased may still be in the property.\n\n\nCertain residential units are built from the ruins of old hospitals and religious places. This is a huge no-no to most communities where these places are considered too concentrated with spirits for people to live in.\n\n\nThe Chinese believe that in order to rid the location of spirits, the building must be demolished. The bare site is to be exposed to the sunlight for at least 49 days before reconstructing the building.\n\n\nThe View\n\n\nHaving cemeteries as a view can be an unpleasant sight.\u00a0 Most local communities dislike staying near cemeteries, hospitals and religious sites for the fear of \u201cYing Qi\u201d or negative energy.\u00a0The older Chinese folk also warn against staying in high-rise buildings that face curved elevated highways as the curve of the highway resembles a sickle. This is considered a very inauspicious omen towards the owners health and wealth.\n\n\nThe Indian community on the other hand look for properties with views of water bodies, though it has to be in the right direction. According to the traditional Hindu system of architecture called \u2018Vastu Shastra\u2019, water is a huge energy generator. It can bring in very strong positive and negative energies depending on which direction it is located at.\n\n\nThe Direction\n\n\nThe Indian community dislike having their main doors facing Southwest. They believe that is the direction in which the devil can enter from. The Chinese community though, avoids houses that face the direction in which the sun sets or sun rises. Avoiding direct sunlight can help provide a cooler indoor temperature.\n\n\nMuslims in Malaysia look for properties with the consideration of the Qibla in mind. Qibla is the direction faced when they pray in the direction of the Kaaba in Mecca. Toilets and showers should be perpendicular to the direction of the Qibla when doing the Wudhu (ablution).\n\n\nBedrooms are to be placed perpendicular to the Qibla. Beds should be positioned in such a way that when someone sleeps on their right side, they would be facing Qibla. Desks should also be facing the Qibla when studying, reading and working.\n\n\nThe Features\n\n\nThe main door of the property is very important as it\u2019s the main entry point into the property. Hence according to superstition, there should never be any obstructions in front of the main door. Pillars, pots or lamps that can block good energy from entering the property should be removed.\n\n\nMost Malaysian communities also believe, the bigger the main door, the more wealth and good luck they\u2019ll have. But beware of having a drain parallel to your main door, or you might lose all that good fortune down the drain.\n\n\nIf you\u2019re a superstitious person who needs to cleanse your home with some feng shui goodness, check out our property feng shui article \nhere\n!\n\n\nDo you think we\u2019ve missed out on any? Feel free to let us know in the comment section below!\n\n\n\u00a0\n\n\nWritten by Renu\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Ultimate Property Guide: Legal Documentation and Payments for Beginners\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMalaysia's Most Haunted Houses\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/10/29/malaysia-haunted-houses/", "title": "Malaysia\u2019s Most Haunted Houses", "body": "\n\nWith Halloween literally creeping around the corner, we thought we\u2019d give you thrill seekers a little head start with some heart palpitation-inducing haunted houses.\n\n\nMalaysia has never shunned the spotlight when it comes to the supernatural, even when the supernatural themselves prefer the cool, damp shadows of abandoned mansions and villas reclaimed by our tropical rain forests. So let\u2019s kick ourselves into high gear and get this blood-stained train going, shall we?\n\n\nKellie\u2019s Castle\n\n\n\n\nThe story behind this now popular tourist spot situated in the heart of Ipoh, is said to be the Malaysian Taj Mahal, a symbol of love by Scottish planter, William Kellie Smith for his beloved wife (on the expense of her inheritance lol) which began construction after the birth of the Smith\u2019s second child, a son. With over 70 South Indians laborers building Kellie\u2019s Castle from the ground up, the Smith family traveled to Lisbon where William was diagnosed with Pneumonia and passed on, leaving his widowed wife and kids who then moved back to Scotland after selling Kellie\u2019s Castle to a British company.\n\n\nWhile the family was in Portugal, the 70 South Indian laborers fell victim to the Spanish fever that was going around at that time, hence never managing to finish Kellie\u2019s Castle.\n\n\nIt is said that the spirits of the Smith family returned to their unfinished fortress, with the man of the house seen pacing the second floor corridors and their daughter wondering about her old room at night. Smells of incense can sometimes be smelt coming from the horse stables.\n\n\nBut that\u2019s not all, folks. Three secret tunnels were discovered and later believed to be used by the Japanese to transport, torture and execute their prisoners. So at this point, who knows how many spirits call Kellie\u2019s Castle home.\n\n\nIt is reported that you can feel their presence around you if you stand in any of the rooms and just soak in the atmosphere. A deadly atmosphere to soak in if you ask me. Heck, no thanks.\n\n\nMona Fandey\u2019s Multiple Cribs\n\n\n\n\nAt the peak of Mona Fandey\u2019s witchcraft/dark magic career, she purchased not one, but two luxurious mansions, one called the \nAeroplane Bungalow\n situated in Shah Alam and the other, \na villa in Raub\n, Pahang. She practiced the dark arts, Lord Voldemort style, not only to assist greedy politicians in their power-hungry quest to national leadership positions but also to seek fame and fortune for herself.\n\n\nIn 1993, she and her husband approached Mazlan Idris, a Pahang assemblyman with a bewitching proposal to shoot him straight to Chief Minister-hood. But instead of shooting him, she decided to slice him up into 18 pieces in her Raub home during a cleansing ritual and not only hide his body parts in a store room on the compound but allegedly also fed some to her unsuspecting neighbors.\n\n\nHer last words before she was hung for her crimes? \u201cI will never truly die.\u201d\n\n\nBoth of her old residences now lay unoccupied as many fear the fact that the dead cannot carry their possessions with them to the other world. Her pets that were conjured by her witchcraft are said to still roam her residences, carrying on her dark legacy.\n\n\nVilla Nabila\n\n\n\n\nThere are many versions as to what happened at this villa. From robbers to jealous relatives who sent hit men, the truth to all the versions is that the wealthy family that lived there met gruesome deaths, starting with the daughter named Nabila.\n\n\nThe version varies among the guilty party, some saying the maid did it, while others claimed that relatives that were jealous of the family\u2019s good fortune sent hit men. There are even versions where apparently the father was going through business and financial difficulties, spiraled into an insanity fueled rage, killed his family and himself.\n\n\nNo matter what the origin story is though, the spirits of the family still occupy their beloved home, appearing as unearthly faces in photos, protecting their family home.\n\n\nGenting Highlands in General\n\n\n\n\nI don\u2019t even know where to start with this one. But lets focus on two main location points that still house residences, shall we.\n\n\nThe Ria Apartment and Amber Court are home to not only the people who work in Genting but also those who never left after their demise.\u00a0From suicide attempts to jealous lovers out for blood, many lost their lives but found a new home at these condos.\n\n\nIt is said that the 17th floor of the \nRia Apartment\n is completely closed off to tenants, though they still have access to this controversial floor via the main elevators. Based on the experiences of others, allegedly those who dare venture into the 17th floor is said to wander around the floor, unable to find a way out until it\u2019s daylight, but don\u2019t worry, they\u2019re not alone in there.\n\n\nAmber Court\n on the other hand, is infamous for their invisible room mates, who enjoy having a ball in the closets of the rooms. Knocking can be heard coming from inside the closet in the middle of the night and when that get\u2019s dull, they decide to move to the bathroom instead.\n\n\nExpect to also see a reflection-less woman in a red cheongsam hanging about the rooms of amber court.\n\n\nHighland Towers\n\n\n\n\nTaken down by 20 days of non-stop rain and underdevelopment causing a land slide, at least 48 tenants were killed in the collapse of one of the Highland Towers. Ever since the incident, it is said that the spirits of the deceased wander the area, not entirely sure what exactly happened to them, not knowing that they\u2019ve shed their mortal coil.\n\n\nTaxi drivers are said to avoid the vicinity of the Highland Towers at night, as reports suggest that certain spirits tend to wander too far from the premises and require assistance getting back to towers to continue their search for their missing body parts.\n\n\nDrivers have encountered both a lady in this situation. When asked why they need to be dropped off at the towers, the typical answer received is normally \u201cI left several important belongings here, my body and my life\u201d. To those who dare venture into the towers at night, may also encounter a young boy running around, with a torn face and a missing arm. Do help him find his missing arm, he really wants it back.\n\n\nJalan Turi Bungalow, Bangsar\n\n\n\n\nTwo young American-born Indian children were killed along with their maid, by their bodyguard. (I guess he wasn\u2019t so serious about his career.) No one knows exactly why he did it though I\u2019m guessing he had some inspiration from Ms Mona Fandey considering he chopped them up into tiny pieces.\n\n\nTo add insult to injury, he threw their chopped up body parts into the septic tank at the back of the house.\n\n\nIt\u2019s surprising that the spirits of these poor kids haven\u2019t turned malevolent considering their untimely demise as they can sometimes be seen waving out windows at passing cars. Not that that should encourage you to go visit them. Leave them be la kay?\n\n\n99-Door Mansion, Nibong Tebal\n\n\n\n\nNow this one\u2019s a hardcore one, though the back story is somewhat similar to the one of Villa Nabila.\u00a0 The grandson of the house, John St Maur Ramsden was shot in the head by hit men sent by relatives that were jealous of the family\u2019s good fortunes.\n\n\nLater, the rest of the family were believed to be killed by the Japanese invasion. Soon after that, the huge mansion was taken over by a witch doctor as the jungle claimed back the land in which the mansion was built on. The witch doctor practiced a ton of dark magic in the abandoned mansion, using it as a gateway to bring over his demon friends.\n\n\nHe has since then passed on, though rumors have it, he still roams the compound through the mansion\u2019s 100th door that only opens at 12am every night, serving as a gateway for evil to enter our realm. Those who have visited the location refuse to stay beyond sun down, and for those who have, have spoken about hearing growls, tortured screams and the sounds of drums emitting from the mansion and the surrounding darkness.\n\n\nBukit Tunku\n\n\n\n\nYou might be wondering what I mean by just Bukit Tunku, right? Yes, I mean the entire neighborhood.\n\n\nAccording to more professional opinions, apparently there is only one haunted mansion among all the fancy houses of Bukit Tunku (and I don\u2019t know which it is so ya\u2019ll gonna have to play ghost roulette.) Though it is believed that these spirits are clearly not confined to the property as apparitions, pontianaks and their friends have been seen in almost every corner of the neighborhood.\n\n\nMost notably would be the phantom rempit guy that rides like a nut job around the neighborhood only to completely disappear around bends. And then there\u2019s that whole incident where someone who was driving down one of the roads in Bukit Tunku, stopped when he saw an apparition sitting in the middle of the road while the indicators on his dashboard started flashing in an out of the ordinary manner. He immediately U-turned and got the heck out of there (smart man), though after catching the entire episode on dashcam.\n\n\nNot to mention, if you do stumble upon the haunted mansion, beware of the lady who hung herself. She throws stones.\n\n\nPenang Island in General\n\n\n\n\nDon\u2019t get me wrong, I love Penang; but from the stories I\u2019ve heard, there are haunted houses littered everywhere there. Especially on the hill tops, haunted mansions have overtaken the views from Penang Hill and many other surrounding locations. The haunted residences mentioned in this section are from the island of Penang, as we\u2019ve already mentioned a really hardcore one from the mainland above (see 99-Door Mansion, Nibong Tebal).\n\n\nThe Hundred Years Mansion\n, located just meters away from a public recreational park is home to Malaysia\u2019s first indoor swimming pool, in which a lady had committed suicide in due to her father\u2019s disapproval towards her choice of lover. It is reported that the son of the mansion\u2019s owner had also drowned in the pool.\n\n\nA nun who visited the location mentioned that she saw too many souls there and had her last request before she passed away be to have a prayer there for them. There\u2019s even a miniature temple built right outside the mansion premises in order to keep the spirits within the confinement of the mansion walls.\n\n\nAnother haunted property would be \nthe Brother\u2019s Bungalow\n, seated nicely atop Penang Hill. Built by the colonizers way back when, the bungalow was used to house the Christian Missionary Brothers as a retirement home for their emeritus brothers.\n\n\nSoon after, the Japanese had invaded, tortured and killed the brothers on the premises. Even since then, the property has been opened up to the public who\u2019ve reported seeing things from headless floating brothers to visions of Japanese soldiers beheading brothers. Caretakers of the location even mentioned a playful spirit who likes to overturn the room number \u201916\u2019 to \u201991\u2019 multiple times.\n\n\nBut that\u2019s where the playfulness stops, as apparently there is a storeroom that is fiercely guarded and only a select few actually have the guts to enter.\n\n\nWould you dare check out these properties? Or better yet, would you live in a property knowing if it was haunted?\n\n\n\n\nIf you think we\u2019ve left out any bloodcurdling bungalows or terrifying terrace houses, do let us know in the comment section below!\n\n\n\u00a0\n\n\nWritten by Renu\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSuperstitions To Look Out For When Buying A Property\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nPropTeq Asia 2018 x Bumbung.co: The Future of Property Technology\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/11/05/propteq-asia-2018-x-bumbung-co-the-future-of-property-technology/", "title": "PropTeq Asia 2018 x Bumbung.co: The Future of Property Technology", "body": "\n\nHong Kong, 5 Nov 2018 \u2013 The property world took a step forward towards innovation as the PropTeq Asia 2018 Summit brought together the industry\u2019s best and brightest to connect and network with potential partners via group debates, product demos and funding pitches.\n\n\n\n\nHeld at the Cyberport in Hong Kong on the 30th of October, the event was organized by Real Foundations Hong Kong alongside AsiaProp.Tech, in partnership with WeWork and Juwai.com, which saw the likes of property experts and entrepreneurs from all across the ASEAN region.\n\n\nBumbung.co was also present to co-host one of the sessions categorized under investment. Bumbung.co Co-Founder and Managing Director, Gadiy Lim spoke on Transactions and Agency: How to Benefit from New Business Models with fellow proptech entrepreneurs, Michael Hogg, CEO of Flat Monthly Thailand, Eugene Ng, Co-Founder of Flatbread Hong Kong and Benny Hui, Business Development Director of Okay.com Hong Kong.\n\n\nDuring the session, the group brought up the difficulty of real estate marketplaces to reach it\u2019s margin of profits and revenue, fearing that property marketplaces have reached it\u2019s ceiling. Hence, majority agreed that the only way for these portals to survive is to move forward with premium fees and charging higher prices.\n\n\nAnother option mentioned was to evolve property marketplaces by including transaction services and process management. Portals such as Open Listings, Opendoor and Compass have raised millions, consequently proving this concept to be effective.\n\n\nLim described the overall event to be a holistic view on all things property technology, with 4 different categories of sessions (The Big Picture, Commercial, Residential and Investment) with the views and feedback from many ASEAN startups who not only were actively present but also from other industries, including venture capitalists and family funds.\n\n\nBumbung.co is honored and proud to be part of the initiative, to share their vision for the industry and raise their Pre-Series A funding.\n\n\nFor those interested in delving deeper into Bumbung\u2019s vision for the future of Property Technology or invest in their Pre-Series A funding, please do feel free to contact 03 \u2013 5885 0764 or contact@bumbung.co.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMalaysia's Most Haunted Houses\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Ultimate Budget 2019 Property Guide\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/11/12/the-ultimate-budget-2019-property-guide/", "title": "The Ultimate Budget 2019 Property Guide", "body": "\n\nIt looks like 2019 will be a pretty good year for the Property sector, especially for First Time Home Buyers and the B40/M40 households, with the implementation of Budget 2019. \n\n\nA reliable property portal cited that in order for a household to afford the average all-house price in Malaysia which is RM387,258, the household will have to earn an average of RM10,757. With that statement, it\u2019s safe to say that many of us who are either new to adulthood or have been struggling with it for a while may not be able to afford a property for a while. \n\n\nThis is where the Budget 2019 comes in. The budget not only aims to empower the B40/M40 community by creating affordable housing while ensuring a more stabilized property market, but also to assist in financing residential property purchases. First Time Home Buyers are also on the receiving end of this budget, with mortgage guarantees and certain tax exemptions. \n\n\nLet\u2019s break it down further: \n\n\nFirst Time Home Buyers: \n\n\n\n\nMortgage guarantees for those earning an average income of RM5,000 and below. \n\n\nStamp Duty exemption of up to RM300,000 on residential property purchases up to RM500,000. \n\n\nCrowdfunding initiative by Private Sector to assist First Time Home Buyers in purchasing their property. \n\n\n\n\nB40 & M40 Community: \n\n\n\n\nA RM1.5 billion allocated to affordable housing for these 2 sectors. \n\n\nRehda has promised a more stable fluctuation in property prices \n\n\nSST exemptions on construction services and building materials to help reduce property prices. \n\n\nExemption of \nReal Property Gain Tax (RPGT)\n on properties below RM200,000. \n\n\nA fund of RM1 billion established by Bank Negara Malaysia to help households with the average income of RM2,300 and below to own a home. \n\n\n\n\nAdditional Aspects (in order to reduce the crazy amount of overhung units in Malaysia): \n\n\n\n\nStamp Duty charges waived for unsold units priced between RM300,001 to RM1 million with a minimum discount of 10% by developers. \n\n\nRehda has also pledged a 10% reduction on overall housing prices.\n\n\nReal Property Gain Tax increments for both residents (increased to 5%) and non-residents (increased to 10% in the sixth year & above.). \n\n\nStamp Duty for property transfers costing more than RM1 million raised to 4%.\n\n\n\n\nThat\u2019s a lot of wins for a lot of people, though there are some who unfortunately do not just not benefit from this budget but also lose a little from it. \n\n\nWinners:\n\n\n\n\nB40 Community: Financial aid along with the raise of minimum wages aimed to assist in coping with the raising prices of residential properties as well as the standards of living. \n\n\nFirst Time Home Buyers: Financial aid along with mortgage guarantees to assist on financing residential properties. Along with the development of more affordable residential properties, the National Home Ownership Campaign boasts a 10% discount on existing unsold properties.\u00a0\n\n\nDevelopers: SST exemptions on construction materials to assist on the reduction of property prices. \n\n\nLosers:\n\n\n\n\nProperty Investors: With RPGTs being raised especially for higher priced properties, real estate investors clearly have the least to shout about and are taking the biggest tax bite compared to everyone else.\u00a0\n\n\nOh well, it\u2019s like what they say. You win some, you lose some.\n\n\n:\n\n\nWritten by: Renu\n\n\n\n\n\n\n\n\niMoney\n\n\nBudget 2019: The Real Winners (And The Losers)\n\n\n\n\n\n\nRinggitPlus\n\n\nBudget 2019: Budget 2019 And You\n\n\n\n\n\n\nNST.com.my \n\n\nKey highlights of 2019 Budget\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nPropTeq Asia 2018 x Bumbung.co: The Future of Property Technology\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nFundMyHome: Gamble or Gravy?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/11/21/fundmyhome-why-some-things-are-just-not-worth-the-gamble/", "title": "FundMyHome: Gamble or Gravy?", "body": "\n\nThe FundMyHome campaign recently made it\u2019s huge debut as a legitimate initiative, it\u2019s easy to see why many not only took notice of the upcoming housing scheme but also celebrated it as the world\u2019s first residential property crowdfunding resource to date.\n\n\nThough it\u2019s smart to keep in mind that not all that glitters is gold. (No, Smash Mouth, no.) \n\n\nBefore we take a more in depth look into this scheme, let\u2019s take a look at what is FundMyHome. \n\n\nThe Malaysian crowdfunding initiative provides 80% of the property\u2019s value, given if you can cover the remaining 20%. That 20% will then be put into a trust account which will be used as payment for the fund\u2019s investment returns. The investment returns, which is 25%, that is then split into 5% for 5 years. \n\n\nAfter the 5 years have passed, the buyer then has 2 options. \n\n\nOption 1: Sell the property (aligned with the current property market price), while sharing the profits with the fund. \n\n\nOption 2: Continue to stay in the property either by renewing another 5 years (restarting the entire crowdfunding process) or taking up a mortgage loan to purchase the property. \n\n\n\n\nHere\u2019s our concerns. \n\n\n1) If the First Time Home Buyer can afford the 20% payment of the property, why not just go down the conventional route by getting a mortgage loan? \n\n\nThe biggest hurdle a First Time Home Buyer can face when it comes to the property acquisition process is not the monthly payments, but the initial lump sum at the beginning to get the deal signed. At least by getting a mortgage loan and buying the property, the First Time Home Buyer wouldn\u2019t have to worry about the unpredictable consequences of the home\u2019s value after 5 years. The property would belong solely to them until they choose to sell off the property at their own pace, hence would not have to worry about the possibility of having to refinance the property or please an investor.\n\n\n2) Why does the First Time Home Buyer have to be responsible for the yearly 5% investment return when the investors are receiving a cut from the profit of the property sales after 5 years? \n\n\nThe responsibility of pleasing the investors with a yearly return shouldn\u2019t be from the hands of the buyer, who are also risking a considerably large amount of their hard earned money to own a roof over their heads. This responsibility should rest on the shoulders of those who\u2019ve come up with and implemented the idea, who\u2019ve convinced buyers and investors to risk hundreds and thousands of Ringgits in their scheme. After all, the buyers didn\u2019t sign up to please investors, though the organizing party did. \n\n\n3) What if the property\u2019s market price does not increase as hoped, but in fact; decreases. Would the buyer have to handle (all of) the costings? \n\n\nEven if the property price drops by 10%, the buyers stands to lose at least half of their initial investment, while if the property price increases, the buyer then has to refinance the property at a higher amount. Either way, it seems the buyer has to fork out a ridiculous amount of money (which if they can afford, then back to question one.) \n\n\nThe crowdfunding initiative is scheduled to begin transactions in 2019, which is also the year in which the Real Property Gain Tax (RPGT) begins charging Malaysian homeowners 5% on their property sales profits if the property is sold after 5 years. Guess who\u2019s going to have to foot that payment? \n\n\nThough all concerns aside, this scheme is definitely unique in it\u2019s own right. Would you give it a try?\n\n\n\n\n\u00a0\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Ultimate Budget 2019 Property Guide\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBudget 2019 for Property Investors\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are \n6\n comments \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\npam\n \non 7 November, 2019 at 06:11 \n\n\n\n\nReply\n \n\n\n\n\n\n\nIs this fundmyhome.org or .com?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAngel Shining\n \non 7 April, 2020 at 02:57 \n\n\n\n\nReply\n \n\n\n\n\n\n\nthis was fund my home different from fund my home .org a legitimate housing provider of Florida. The author should of noted that . I can see slander being a lawsuit here.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSandra Fuentes\n \non 3 June, 2020 at 03:31 \n\n\n\n\nReply\n \n\n\n\n\n\n\nWhy isn\u2019t they any info on fund my home. org ?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGadiy Lim\n \non 10 November, 2019 at 00:28 \n\n\n\n\nReply\n \n\n\n\n\n\n\nI think its fundmyhome.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nVic P\n \non 4 December, 2019 at 09:21 \n\n\n\n\nReply\n \n\n\n\n\n\n\nYes indeed this is referring to .com\u2026..Because there is also a .org\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRolf\n \non 25 January, 2020 at 01:38 \n\n\n\n\nReply\n \n\n\n\n\n\n\n.com is from a foreign entity in Asia I believe.\n\n.org is Non Profit in Florida from my research. Articles should state the difference!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/12/05/budget-2019-for-property-investors/", "title": "Budget 2019 for Property Investors", "body": "\n\nWe\u2019ve recently broken down the changes to impact the property industry brought forth by the upcoming Budget 2019. The new Pakatan Harapan Government\n \nseems to be very focused on assisting the B40 group in the country. This is a good thing. There are still many opportunities to be had for those outside this group and by improving the lives of the nation as a whole will only be more beneficial to everyone in the long run.\n\n\nThough what does all this mean for property investors?\n\n\nLet\u2019s take a look at the changes and the possible implications.\n\n\nRPGT Increase\n\n\nFirstly, let\u2019s tackle the elephant in the room \u2013 The increase in RPGT.\n\n\nPrior to Malaysia\u2019s Budget 2019, it was possible to avoid your property sale profits getting smashed by RPGT by simply holding on to the property for at least 5 years before selling it off. This meant that only \u2018property flippers\u2019 were affected by this policy. The new ruling however changes this.\n\n\nProperty sale profits will now be slashed by 5% regardless of whether you keep it for 5, 10 or even 20 years.\n\n\nThis means that if you experience gains from your property sale of RM100,000, you will have to pay the government a relatively small sum of just RM5000. It\u2019s not all that bad until you make considerably larger gains on your property sale \u2013 a profit of RM500,000 would see you having to cough up RM25,000.\n\n\nHence, property investors who make huge gains on their property transaction processes will be the biggest loser from this added taxation. \n\n\nAnother thing to remember is that the Malaysian Budget is a yearly change and that means that even though the new RPGT is fixed at 5% indefinitely, it will also be subject to review each and every year depending on how the property market is going.\n\n\nStamp Duty Increase\n\n\nOf the 2 increments in property taxes (RPGT and Stamp Duty) described in the Malaysian Budget 2019, increasing the Stamp Duty price for properties over a million ringgit is probably the more painful of the two.\n\n\nA 1% increase in Stamp Duty for a RM1,000,000 property will work out to another RM5,000 if they still keep the tiered tax system that they have in place.\n\n\nBased on a RM1,500,000 Property:\n\n\nStamp duty Fee 1% : For First RM100,000 = RM1000\n\n\nStamp duty Fee 2% : RM100,001 To RM500,000 = RM8000\n\n\nStamp duty Fee 3% : RM500,001 to RM1 million = RM15,000\n\n\nStamp duty Fee 4%: RM1 million to RM1.5 million = RM20,000\n\n\nTotal: RM44,000\n\n\nCompared to this being pre-budget:\n\n\nStamp duty Fee 1% : For First RM100,000 = RM1000\n\n\nStamp duty Fee 2% : RM100,001 To RM500,000 = RM8000\n\n\nStamp duty Fee 3% : RM500,001 to RM1.5 million = RM30,000\n\n\nTotal: RM39,000\n\n\nI am not sure if this will be the structure moving forward but as you can see, it is also not a very extreme measure. Property buyers will definitely feel a slight burn here, but I am certain that average purchasers buying property over a million ringgit will be able to bear these costs without too much concern.\n\n\nThose who will feel the brunt of the burn are those buying luxury properties above RM3 million ringgit. \n\n\n10% Reduction in Housing Prices & SST Exemption by REHDA\n\n\nREHDA has said that they will reduce new housing development prices by 10%. It has been mentioned in various news sources that they will be able to achieve this by working with developers to bring down the prices due to the SST exemption given to many building materials.\n\n\nThis will be only for new developments that have not begun construction yet. The reduction in price has only been made possible through the reduction in the cost of building materials.\n\n\nWhether or not developers will be on board or if they will simply mark up their prices before reducing them is not known.\n\n\nAs these will be prices on future developments which are normally already priced at future prices, there will really be no way to say for sure if the prices (once they are made known to the public) for these projects have been actually reduced.\n\n\nFundMyHome Crowdfunding Scheme\n\n\nThe new FundMyHome scheme has been touted as the solution for those who are having a difficult time keeping up with property loan repayments, thereby giving them the option of simply coming up with 20% of the value of the home and have the remaining 80% paid off by investors.\n\n\nSomething about this scheme right off the bat doesn\u2019t seem to make much sense.\n\n\nProperty investors find it difficult to come up with even 10% for a sub-sale down payment and am always looking for delicious rebates from developers to help build their property portfolio instead of coughing up such a large chunk of cash.\n\n\nIf they had that much capital to spare, they wouldn\u2019t have any problem paying off their monthly installments.\n\n\nA Thriving Property Market in 2019\n\n\nPakatan Harapan has come up with some clever ways to breathe new life into the property market next year by keeping first time home buyers interested in the market with some very attractive deals, while ensuring investors contribute to the financing of these initiatives. \n\n\nThey have structured their policies in a way to discourage flipping of sub-sale properties and encourage property buyers to look to absorb the balance properties from the current oversupply instead.\n\n\nIt\u2019s very interesting to see how things will play out and if the market will truly be receptive of their new policies and attempts to solve the property oversupply issue. As to what exactly the impact will be in the market, my guess is as good as yours, but I have a inkling feeling that it will make for a very exciting and vibrant property market in the coming years.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nFundMyHome: Gamble or Gravy?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nWhere to Live in 2019 (Subang-Shah Alam Edition)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2018/12/24/where-to-live-in-2019-subang-shah-alam-edition/", "title": "Where to Live in 2019 (Subang-Shah Alam Edition)", "body": "\n\n2019 is straight up right around the corner and with another year passing by, comes new properties and developments. But the same old question comes to mind. Have you bought your property yet?\n\n\nThere are a lot of factors as to why you might not have chosen your dream home yet, which could very much be the second biggest factor of them all (the biggest of course being financials), location location location. But oh, do we have a treat for you. We\u2019ve managed to identify the best locations to live around Selangor based on accessibility, public transport, amenities and of course, the food!\n\n\nLet\u2019s start off shall we?\n\n\n1. USJ 19\n\n\n\n\nWith the Wawasan LRT station situated smack in the middle of USJ 19, avoiding the jammed roads of Subang will be a breeze beyond compare. The amenities in the area are endless, ranging from grocery stores to car workshops, your every need is met within a stones throw.\n\n\nMust visit Makan Place: The Macs Usj (for mouth watering Mac & Cheese)\n\n\nLooking for a place around USJ 19? Check out \nRhythm Avenue\n.\n\n\n\u00a0\n\n\n2. SS16\n\n\n\n\nWith 2 options of nearby train stations (Subang Jaya KTM station and SS15 LRT station), SS16 is surrounded by greenery while not compromising the luxuries of civilization, with Empire Subang and Subang Parade just around the corner.\n\n\nMust visit Makan Place: Mozers, Subang Parade (for some exotic Middle Eastern food)\n\n\nLooking for a place around SS16? Check out\n Subang Olives\n.\n\n\n\u00a0\n\n\n3.\u00a0 USJ Heights\n\n\n\n\nWith Batu Tiga KTM station just around the corner and major highways such as ELITE and KESAS passing through, it\u2019s no surprise that this location is slowly becoming the center of Subang\u2019s attention. Located in the heart of Subang and Shah Alam, you\u2019ll see both halal and non-halal grocery stores working in perfect harmony while surrounded by laundromats and clinics.\n\n\nMust visit Makan Places: Philtre Coffee (for your pancakes and non-halal alcoholic ice-cream fix)\n\n\nLooking for a place around USJ Heights? Check out \nCyprus\n.\n\n\nDo you think we\u2019ve missed out on any areas worth highlighting or want us to highlight another location of your choice? Talk to us in the comment section below.\n\n\nLooking for a property in 2019? Check out Malaysia\u2019s easiest and most convenient property platform, check out \nBumbung.co\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBudget 2019 for Property Investors\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nFactors of the Major Property Overhang in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/01/14/factors-of-the-major-property-overhang-in-malaysia/", "title": "Factors of the Major Property Overhang in Malaysia", "body": "\n\nAs a Malaysian who has just started working a full time job, we all know that property prices in Malaysia are surging at a rapid pace as each year goes by. With the median home price of RM486,474 and RM836,420 for Selangor and Kuala Lumpur respectively, being financially capable enough to be able to actually own a house is definitely one of the many goals for Malaysians.\u00a0\n\n\nThe increase in property prices is also due to the increased number of developers rushing to build properties on every piece of land that is within their grasp. With property prices increasing drastically in the recent years, it is not a surprise that Malaysia\u2019s property market is experiencing a property overhang. The total national property overhang is valued at approximately RM 28 billion as of 2018. The unsold units are anywhere from RM 50,000 or less to more than RM 1 mil. The number of unsold units are highest with more than 12,000 units for property valued at RM 500,000 and above. \n\n\nIt is not properties that are oversupplied, it is expensive properties that are oversupplied and that the affordable range of properties is not even close to meeting the demand of the home buyers. The poor purchasing power of Malaysians is also another reason that contributed to the property overhang situation today. As all Malaysians will know, the economic situation of Malaysians are in right now have immensely reduced the activities going on in the market and also the people\u2019s disposable income. \n\n\nMany \nof the big developers have now started to shrink the size of each unit \nso that they can decrease the price as well \nto make it seem more affordable for home buyers\n but these units are still developed in urban centers and on commercial land which has a way higher value compared to residential land.\n \nA property with a\n lower price tag definitely attracts first time home buyers since they are usually younger in age and have minimal experience and knowledge about real estate, they tend to fall for this hoax. Thus, many first-time home buyers will fall for it and think that it\u2019s worth it to sacrifice a little space for a lower price. \n\n\nHome owners\n are usually shocked after they receive the high serviced charges, utility bills and other taxes because of the commercial status of their home, which is why it is important and highly encouraged for everyone to stay far away from serviced apartments if you are not willing to fork out your hard earned cash to pay those marked up bills. \n\n\nOn the other hand, there is also a crowdfunding platform for properties which is said to help first-time home buyers make their purchase since many of them will be facing difficulties when they try to apply for bank loans. The buyer will be able to purchase a property from a given property list by paying 20% of the\u00a0\nproperty price. Potential investors will then cover the remaining 80% of the price of the selected property in return for probable inflation of the property\u2019s value over a specific amount of time. Of course, this is up to the home buyers whether they want to rely on this scheme to make their first home purchase but it is highly encouraged that they do thorough research about this scheme and how it works before signing any papers.\n\n\nWould you consider purchasing a property that has been overhung for years, if it were to be spruced up?\n\n\n\n\nWritten by Hann Zern\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nWhere to Live in 2019 (Subang-Shah Alam Edition)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nKnight Frank Predicts Property Market Improvement for 2019\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/02/18/knight-frank-predicts-improvement-for-2019/", "title": "Knight Frank Predicts Property Market Improvement for 2019", "body": "\n\nProperty consultancy Knight Frank Malaysia said the local property market has held up rather well in the second half of 2018 (2H 2018) and more improvement is expected in 2019.\n\n\nIn a press release on its Real Estate Highlights 2H 2018 report, the firm pointed out that pockets of opportunities can be discovered in different areas across regions including Klang Valley, Penang, Johor Bahru and Kota Kinabalu.\n\n\n\u201cThe overall property market held up rather well during 2H 2018 with no major decline in market activities across various sub-sectors.\u201d\n\n\n\u201cDespite uncertainties surrounding the nation\u2019s first ever change in government, most international rating agencies continued to maintain Malaysia\u2019s fiscal outlook, which will aid in bolstering confidence among foreign investors,\u201d said the firm.\n\n\nOn the Penang market, executive director of Knight Frank Penang, Tay Tam said the first phase of the Penang Transport Master Plan (PTMP) which comprises the Pan Island Link highway, the Bayan Lepas light rail transit (LRT) system as well as several major roads will proceed.\n\n\n\u201cThe completion of the PTMP will boost connectivity which will in turn be favorable towards the property market.\u201d\n\n\n\u201cMeanwhile, the residential market will likely show some signs of improvement moving forward, without performance being anticipated in the landed housing market,\u201d he said.\n\n\nKnight Frank Johor branch head Debbie Choy said amidst a challenging market, the industrial property sub-sector in Johor is still expected to fare well as investments in the logistics and manufacturing sector remains at a healthy level.\n\n\n\u201cAlso, landed houses with prices ranging from RM400,000 to RM500,000 are expected to fare well among home buyers,\u201d she added.\n\n\nIn Kota Kinabalu, there were fewer launches of residential properties as developers seek to review and reposition their products amidst a highly competitive market.\n\n\nAccording to Knight Frank Kota Kinabalu executive director Alexel Chan, although the residential sector is being plagued by rising supply, the continued growth of Sabah\u2019s tourism and hospitality sector, coupled with the government\u2019s commitment in delivering the Pan Borneo Highway are bright spots for Kota Kinabalu\u2019s property market moving into 2019.\n\n\nMoving into 2019, Knight Frank Malaysia expects sentiments to improve barring unforeseen circumstances, especially in the residential property market as policies announced under Budget 2019 are expected to strengthen demand, particularly among first-time home buyers.\n\n\nMeanwhile, the industrial sector will continue its resilience due to favorable growth trajectory in key manufacturing industries. However, the office and retail markets are set to remain challenging due to elevated supply levels.\n\n\nLooking for a property this 2019? You know \nwhere to go\n!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nMarket News\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nFactors of the Major Property Overhang in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Potential of Overhung Units in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/02/27/the-potential-of-overhang-units-in-malaysia/", "title": "The Potential of Overhung Units in Malaysia", "body": "\n\nAs the property overhang issue in Malaysia is still very well existing in 2019, with an estimated amount of RM30bil of property overhang value with unsold units anywhere from RM50,000 or less to more than RM1mil. Even though it seems like the situation will never get better or at least for the time being, there are a couple of ways to solve or even take advantage of the current situation.\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n \nFor people that have already been looking for a property to purchase for a while would probably know that on 29\nth\n of December 2018, the Ministry of Finance has announced that the government has come to a decision that for six months, from 1\nst\n of Jan 2019 until 30\nth\n of June 2019, the stamp duty rate will be maintained and the government had also agreed to grant a stamp duty exemption of a 100 per cent to first time home buyers for properties priced anywhere between RM300,000 to RM1 million. The Minister of Finance, Lim Guan Eng said that the goal for implementing this stamp duty exemption is to encourage first time home buyers to purchase their first property, whilst slowly solving the property overhang issue in Malaysia as well as heightening the property market. To further decrease the property overhang number, the government should also extend the current maximum loan tenure from 35 years to 40 years whilst also providing various types of loans such as flexi interest rates, flexi loans as well as step-up schemes. By having this extension of the loan tenure available, home buyers will be able to afford to pay lower monthly installments. This will definitely make it more flexible for homeowners to own properties, at the same time allow young home buyers to own a house once they join the workforce.\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n \nEven though the number of homeless people in Malaysia is low compared to countries like the United States of America or even Australia, the government could help them by purchasing overhang properties and turning them into shelters for the homeless. This will definitely help them get back on their feet, giving them a simple roof over their head will encourage them to get an honest job and work hard for the life they think they deserve. Since Malaysia does not have any official refugee camps, unsold properties can actually be converted into refugee camps for refugees who seek asylum in Malaysia. Also, the overhung units can still be converted to be an orphanage for orphans, an old folks home, or even a government funded kindergarten for children whom parents are not financially capable of sending them to a privately owned kindergarten.\n\n\nUnsold residential units can also be turned into commercial units for small businesses to buy or rent. This will definitely help with the property overhang issue whilst helping small businesses with a head start will boost the economy and also the property market. At the same time, giving some rental rebates for such properties could attract foreign companies to set up businesses and expand their footprint into Malaysia. In the end, this will naturally help develop a stronger rental market for residential homes whilst overcoming the issue of property overhang. For overhang residential units that are in ungated areas, the government can buy a few houses side by side on two rows facing each other. Each of the units can be partitions into smaller \u201cbooths\u201d to make a small permanent bazaar for small businesses to rent. Small businesses can rent these \u201cbooths\u201d to sell local products such as batik, arts & craft, Chinese calligraphy, henna, or even home-cooked local food. By turning a few overhung residential units into a permanent cultural bazaar, it can help attract more tourists to pay a visit to Malaysia for their vacation.\n\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n \nThere are many ways the government can help with the property overhang issue and this article just highlighted a few. If the government really wants to help decrease the number of unsold properties and also help young people get their first house without having to work many years to save up a large amount of money to pay their deposit for their first ever home.\n\n\nWritten by Hann Zern\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nKnight Frank Predicts Property Market Improvement for 2019\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMalaysians Not Ready For Lifestyle Change\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/03/26/malaysians-not-ready-for-lifestyle-change/", "title": "Malaysians Not Ready For Lifestyle Change", "body": "\n\nA recent study by Says.com shows that Malaysians are ready to buy their first home, though don\u2019t because they are not willing to downgrade their lifestyle choices. Downgrading their lifestyle includes all types of expenditures, may it be car, house, technology, shopping, or even food and drinks. If their monthly income is high enough to buy a house without having to downgrade in any aspect of their lifestyle, then they have nothing to worry about. For people who cannot comfortably afford a mortgage payment with their current lifestyle, it\u2019s either they keep working hard and wait for a promotion along with a pay raise to buy a house or they can downgrade certain aspects of their lifestyle to buy a house.\n\n\nIt is hard for youngsters nowadays to cut down on their expenses as the trending lifestyle now is to own nice shoes, nice clothes, go on vacations overseas and even local roadtrips like Port Dickson, Penang, and etc. A pair of nice shoes from Nike or Adidas or nice clothes from named brands such as Zara or Tommy Hilfiger would at least cost RM200, roadtrips would be RM100 to RM200 depending on the distance and location. Even though it may not seem like a huge amount, but the frequency of expenditure is high which accumulates to a larger amount. This amount could be saved up for a future house.\n\n\nThere are many ways for youngsters to stay up to the trend but still manage to save some money which firstly would be to stay away from big named brands as they are usually overpriced, mediocre quality, and the only difference is that the product is labelled with the name of the brand. Not only that, only go shopping when its needed, for example you need a formal suit and slacks for an upcoming company held event, and not because you want to look flashy and slick for the upcoming rave party. You definitely don\u2019t need a Balenciaga or Gucci printed tee to look nice.\n\n\nBesides that, an easy way to save up money is to minimize the frequency of eating out with friends. Of course, a mamak \u201cyumcha\u201d session or rewarding yourself with a nice chicken chop with fries on the side is definitely fine once a while. Cooking and preparing your own meals for let\u2019s say 16 out of 21 meals for a week if you\u2019re having 3 meals a day would save you a lot of money compared to eating out at a \u201chipster\u201d cafe. Even though many of us think that we can\u2019t cook at all without setting the kitchen on fire, there are many simple recipes even for people who have only used a gas stove less than 5 times in their entire life.\n\n\nIn conclusion, the younger generation have only two options at this point in order to eventually afford a property, which are either downgrading their lifestyle in order to accommodate another financial responsibility or step up their hustle game and work harder for that promotion.\n\n\nWritten by Hann Zern\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nLifestyle\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nRenu Marudawanan\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Potential of Overhung Units in Malaysia\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nDo\u2019s and Don\u2019ts of Living with Pets and Air Conditioning\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/07/08/dos-and-donts-of-living-with-pets-and-air-conditioning/", "title": "Do\u2019s and Don\u2019ts of Living with Pets and Air Conditioning", "body": "\n\nPet ownership is on the rise as more and more of us welcome animal\ncompanions into our homes and embrace them as part of the family. \n\n\nThe most common pets are cats and dogs and if you own one, you probably\ncan\u2019t imagine life without them. The joy they bring with their antics and\naffection. Not to mention the fur on the furniture, on our clothes and in our\nmorning coffee!\n\n\nBut, as we open our doors to these lovable fur kids, there can be some less\nthan desirable side effects to our indoor air quality and air conditioning\nsystems. This is especially so in urban settings where they are mostly kept\ninside\n\n\nHere are some simple tips to keep in mind to ensure optimum well-being\nfor you, your family, your pets and the air you breathe at home.\n\n\nDo\u2019s and Don\u2019ts \n\n\n1.Pay extra attention to pet dander and not just the pet hair. \n\n\nBecause it\u2019s visible, people tend to blame fur as the main source of health-related issues caused by pets, like allergies and other respiratory problems. In reality, the culprit is something that can\u2019t be perceived with the naked eye. And that\u2019s pet dander. \n\n\nPet dander is actually\nwhat most people with allergies are allergic to. Even if you are not prone to\nallergic reactions, dander build-up can still potentially cause irritations\nthat lead to sneezing, itchy or watery eyes or a stuffy or runny nose. Overtime,\nlong-term exposure to dander can even lead to people developing allergic\nreactions they didn\u2019t have before, which can trigger other health complications\nlike asthma.\n\n\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 So,\nwhat is pet dander and how does it spread?\n\n\nPet dander is tiny particles of skin flakes shed from animals with fur and feathers, much like dandruff from the scalp of humans. Some dander can be visible but for the most part, it\u2019s microscopic and can be transported through the air like house dust. And like house dust, dander tends to repeatedly float in the air, stick to a surface and become airborne again at the slightest disturbance. Once inhaled, dander settles in the respiratory system and if not reduced in the environment, can lead to potential health risks. \n\n\nDander build-up can still potentially cause irritations that lead to sneezing, itchy or watery eyes or a stuffy or runny nose.\n\n\n2. Choosing the right air conditioner can help minimise pet dander and improve indoor air quality significantly. \n\n\nBecause pet dander is microscopic, investing in the latest air conditioning solution can help mitigate health risks. \n\n\nSome\nmodern air conditioners are equipped with technological advancements capable of\nmonitoring levels of tiny and fine particulate matters. Special focus is given\nto the harmful PM\n10\n and PM\n2.5\n\nparticles, which most pet dander fall within. \n\n\nPM\n10\n are small particles that measure 2.5\nto 10 micrometres in diameter (a strand of human hair is 60-120 micrometres in\ncomparison), while PM\n2.5 \nrefer to fine particles are 2.5 micrometres\nin diameter or smaller. Mitsubishi Electric\u2019s latest line of air-conditioners,\nfor example, are fitted with air quality sensors that monitor and provide data\nthat can be used to warn those at risk when fine particulate levels rise.\n\n\nIncidentally, did you know that indoor air pollutants that trigger a runny nose and sneezing in people can also cause the same symptoms in pets? Particulate matters such as dust, mould, VOCs and other household chemicals, cigarette smoke, perfume and cologne, allergens\u2026you get the idea, can trigger a reaction in sensitive pets. \n\n\nPet dander is microscopic, investing in the latest air conditioning solution can help mitigate health risks. \n\n\n3. Clean and change air filters frequently. \n\n\nYour air conditioning system operates by sucking in unconditioned air from inside your home, cools it, then delivers it back to your home. Along with the stale air that is taken into your system are the contaminants and particles such as dust, dirt and of course, pet hair and dander.\n\n\nAn effective and clean air\nfilter traps these pollutants, preventing them from entering the system and\nbeing circulated over and over again in your home. \n\n\nHowever, as pet hair and\nother particles gather, the filter gets dirty and clogged. When this happens,\nnot only does the air filter become less effective in trapping the particles, proper\nair flow is also hindered. Your air conditioning\u2019s efficiency declines, which also\nshortens the longevity of\nyour system, costing you more in the long run.\n\n\nWhile the general rule of\nthumb is to clean your air filter once a month and replace it once every two to\nthree months, if you have pets at home, you may want to increase the cleaning\nand changing frequency. At the very least, check the filter in your air\nconditioning system once every fortnight to ensure it remains in tip-top\ncondition.\n\n\nThe same applies to the filters in any air cleaning or air purifying units you have at home. And always use a high-quality true HEPA filter, which is the current industry standard in trapping fine particles and particulate matter.\n\n\nFrequently clean your air filter once a month and replace it once every two to three months especially if you have pets.\n\n\n4. Maintain a clean home. \n\n\nAs with the air conditioning system and filters, pet owners should diligently clean their homes (and their pets) regularly.\n\n\nVacuum\nyour home once a week to remove as much dander, hair and dust build-up as\npossible. Pay particular attention to nooks and crannies, fabric that tends to\ntrap contaminants and even windowsills, lampshades and edges that can become\nhavens for small particles. Use a vacuum with a true HEPA filter that can also\nhelp trap allergens. \n\n\nRemember\nthat brushing and dusting alone is insufficient as that only dislodges the\nparticles. If you don\u2019t have a vacuum, you can use a damp cloth to wipe down\nafter you\u2019ve brushed or dusted a surface. A microfibre cloth can be very\nuseful, but remember to only wipe one way. Wiping back and forth only serves to\nspread the particles around. And rinse frequently, making sure to change out\nthe water once it gets cloudy.\n\n\nGroom your pet at least every alternate day to remove as much shedding hair as possible and prevent dander from accumulating on their skin. Bath your dog on a weekly basis; cats tend to keep themselves clean and don\u2019t appreciate or even need baths unless they are soiled from being outside. Washing your pet\u2019s bedding and favourite resting places as well as your own bedsheets (if your pet sleeps with you) on a weekly basis also goes a long way in reducing build-up of mites, dander and allergens.\n\n\nBrushing and dusting alone is insufficient as that only dislodges the particles. If you don\u2019t have a vacuum, you can use a damp cloth to wipe down after you\u2019ve brushed or dusted a surface \n\n\n5. Protect your air conditioner and your pets from exposed wires. \n\n\nSome pets have a penchant for chewing on wires and cables. Make sure you conduct frequent inspections to ensure any accessible wires of your system, or any other wires and cables for that matter, remain intact. Better yet, buy wrap all wires in cord protectors to help deter those beloved fur kids from gnawing at them and destroying the cables or worse, electrocuting themselves in the process.\n\n\nKeep cables hidden and away from your pets, especially if your pets to are prone to chewing.\n\n\nFor more interesting facts and\ninformative tips about air conditioning and regulating your indoor climate,\nplease visit \nhttps://my.mitsubishielectric.com/en/products-solutions/air-conditioning/racbrand/index.html\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCity Living\nHome and Design\nLifestyle\n \n\n\n\n\nTagged\n\n\nair-conditioning\nHome and living\npets\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMalaysians Not Ready For Lifestyle Change\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMalaysia Budget 2020: (property edition)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are \n3\n comments \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKingston Tang\n \non 10 July, 2019 at 17:05 \n\n\n\n\nReply\n \n\n\n\n\n\n\nThanks for the useful tip!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMarcus\n \non 10 July, 2019 at 17:29 \n\n\n\n\nReply\n \n\n\n\n\n\n\nWow. That\u2019s interesting. WIsh I knew that before.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMichelle\n \non 8 August, 2019 at 20:46 \n\n\n\n\nReply\n \n\n\n\n\n\n\nLooks like we can safely adopt that dog for our home now. haha.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/10/21/malaysia-budget-2020-property-edition-therooftalks-com/", "title": "Malaysia Budget 2020: (property edition)", "body": "\n\nShould I buy and/or sell my property now or wait for budget 2020 to come to effect?\n\n\nBudget 2020 Verdict: \nFirst time home buyers \u2013 Buy now. \nSellers \u2013 Wait for next year to sell (Lesser RPGT for properties bought before 2013).\n\n\nIf you\u2019ve missed out on the Budget 2020 updates, fear not, we\u2019ve put together a quick summary of what these updates mean for your property / real estate asset.\n1. Youth Housing Scheme extended to December 2021.\n\u2013 Offers a 10% loan guarantee through Cagamas to enable borrowers of full financing and RM200 monthly instalment assistance for the first two years limited to 10,000 home units.\n3. Rent To Own (RTO) housing scheme will be introduced to help homebuyers who can\u2019t afford the initial 10% downpayment if your property is RM500k and below.\n4. RM600k threshold for foreigners to purchase high-rise properties located in cities.\n5. HOC still valid until End December 2019. RM13.44bil under the Home Ownership Campaign have been successfully sold, exceeding the RM3bil initial sales target. \n6. Government\u2019s proposal to enhance \nReal Property Gain Tax (RPGT)\n treatment by revising the base year for asset acquisition at January 1, 2013 for assets acquired before January 1, 2013 as compared to the previous base year of January 1, 2000.\n\n\nDiving deeper into each topic, here\u2019s our take on the Budget 2020:\n\n\n1. Youth Housing Scheme \n\n\nThe youth housing scheme (introduced by Najib\u2019s administration back in 2015) under BSN supported by both Cagamas Berhad (National Mortgage Corporation of Malaysia) and EPF (KWSP) is extended till end December 2021.\nWe are in the opinion that since the scheme that was launched back in 2015 had promising uptake from the rakyat (people) and thus the new government is continuing the offer for homeownership through this channel.\nCagamas offers a 10% loan guarantee through Cagamas to enable borrowers of full financing and RM200 monthly instalment assistance for the first two years limited to 10,000 home units.\nWho is eligible for this scheme? According to BSN\u2019s website:\n\n\nMarried youths between age 25 to 40 years with household income not exceeding RM 10,000 per month. Through this scheme, BSN will provide financing / loan up to RM500,000 with a financing tenure up to 35 years or at the age of 65, whichever is earlier to the eligible borrower. This scheme is limited to 20,000 buyers only on the \u2018first come first served\u2019 basis.\nBSN will also provide financing / loan amount of 100% of the purchase price and an additional 5% of purchase price to finance takaful / insurance (MRTT / MRTA). The cost of financing documents / loans including legal costs is borne by the buyer.\nThe Government will also give 50% of stamp duty exemption on the instrument of transfer agreements and loan agreements. The Government is also to aid monthly instalments of RM200 per month for a period of 2 years from the date of first disbursement to the developer / vendor.\n\n\nInformation abstracted from Mybsn.my in Oct 2019. More info on how to get started with your application or detailed questions can be reffered to BSN\u2019s Youth Scheme FAQ page \nhere\n\n\n2. Rent to Own (RTO)\n\n\nThis RTO scheme is open to the purchasers who find it difficult to afford the 10% downpayment of their first home (up to RM500,000 value). To cough out the RM50k deposit, the government is introducing a RM10 billion fund be provided by financial institutions with the government\u2019s support through a guarantee provision of 30% or RM3 billion.\n\n\nUnder this scheme, the purchaser will rent a house for a period of up to FIVE (5) years and after the first year, he or she will be given the option to purchase the residential property at the price upon the signature of the rental agreement (so this means that you\u2019ll be locking in to pay yesterday\u2019s price, next year).\n\n\nTo add on, the government will provide a full exemption on the stamp duty on the MOT (transfer instruments) between developers and financial institutions, as well as between financial institutions and the prospective buyers.\n\n\n3. RM600,000 \u2013 reduced minimum purchasing limit for foreign buyers\u2026\n\n\nIn the 2nd quarter of 2019, the estimated value of the property over-supply is at RM83 billion (Malaysia). Our Finance minister, Lim Guan Eng suggested that the property value purchasing limit for foreigners be further reduced from RM1 mil to RM600,000 for apartments and condo in the city areas only. \nThis could mean a further reduction not just for Kuala Lumpur properties but we could possibly see Petaling Jaya that currently has a minimum value of RM2 million for foreign property ownership being affected by the reduction too.\n\n\nNetizens are in the belief that though it may help solve the overhang problems for the developers, it could set a chain of events for Malaysian purchasers to be on the losing end. A property overhang status is usually a sign that developers are not building the rightly priced + sized properties for the local market to absorb, but the lower-priced foreign ownership cap may encourage developers to continue building \u201chigher end\u201d products that the locals do not need for the sake to keep their higher margins.\n\n\n4. HOC Campaign 2019-2020?\n\n\nWe\u2019ve not heard anything much about the continuation on this into Budget 2020 since Housing and Local Government Minister Zuraida Kamaruddin said in June that would be \nextended to 31 December 2019.\nSo far, a total of 21,000 homes worth RM13.44 billion were successfully sold under this campaign which exceeded the initial sales target of RM3 billion.\n\n\nDid HOC 2019 benefited the public? \nFirst time home purchasers who could afford the higher range of properties between RM500k \u2013 RM1mil took the best advantage to save on these 3 items;\ni) 10% off the property cost \nii) Property Title \u2013 Full Stamp Duty Exemptions\niii) Loan Stamp Duty Exemptions.\n\n\nYou could still benefit from HOC 2019 till mid December 2019. It would roughly takes 2 weeks to close your real estate deal and submit the documents.\n\n\n5. REVISION to Real Property Gain Tax (RPGT) Tax base year for asset acquisition before January 1, 2013.\n\n\nSellers who have held their properties long before 2013 can rejoice as your property base year will be calculated its capital gains from 2013 market price instead of the previous year 2000 as announced in the Budget 2020.\nLet\u2019s take an example:\n\n\nYou bought a Semi-D in 2002 for \nRM600,000\n. \nIn \n2013\n, the value appreciated to \nRM1,200,000\n but you decided to hold on to it.\nIn \n2020\n, you decide to sell the house for \nRM1,700,000\n. \n\n\nBecause the base year has been adjusted to 2013, your chargeable gain would only be on the RM500,000 (instead of the supposed RM1.1 mil as profit). \nThat is the difference between your Disposal Price and the property value in 2013.\n\n\nWe hope this has been a comprehensive put together of the latest Budget 2020 announcement. If you have some thoughts, if we missed out on anything important that should be included, or even on what to write next, drop us a comment below.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nDo\u2019s and Don\u2019ts of Living with Pets and Air Conditioning\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Perfect Credit Score before your Late 20's\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/10/31/the-perfect-credit-score-before-your-late-20s/", "title": "The Perfect Credit Score before your Late 20\u2019s", "body": "\n\nHow to get approved for your housing loan? Read on\u2026\n\n\nWith the housing loan approvals slowly declining over the years, one cannot help but to really start thinking about how they\u2019re going to be a part of the 74.6% of credit approved borrowers.\nThat means there\u2019s a substantial 25.4% chance that your loan application will be rejected. And we\u2019re here to help you hack your way through for the perfect credit ratings.\n\n\nHousing loan approvals declining throughout Malaysia as stricter guidelines are enforced by Bank Negara.\n\n\nThe S&P Global Literacy Financial in 2014 reports that financial literacy rate in Malaysia is only at 36%, compared with 59% in developed countries. 5 years later, we hoped that things would change or be better, but results from Bank Negara shows otherwise.\nDon\u2019t worry. In this article, we\u2019re here to help you towards getting a favourable answer from the banks.\n\n\n1. Get a steady job (Stay at least for 2 years)\n\n\nIf you\u2019ve recently graduated and begun work, it\u2019s not advisable to get started on house hunting yet. Your job is probably the most important point to show consistency and confidence to the banks before they can even start lending you money. Say even if you got a pay increment, saved moderately and could afford the loan, the banks still do not have any financial footprint that is uniquely \u2018you\u2019 if you haven\u2019t started from somewhere. \n\n\nMonthly savings is not a good enough reason because the money could be easily moved elsewhere.\n\n\nIt\u2019s advisable for most of the people within the range of 21-25 years old to start acquiring good credit scores. \n\n\n2. Get your OWN credit card (You should if you don\u2019t have one).\n\n\nThe bank values monthly commitments quite seriously. One of the easiest way to get your credit rating up is to obtain a credit card from the bank and \nPAY IT BACK ON TIME, CONSISTENTLY\n. Even if you don\u2019t need a credit card, the banks will want to know if you\u2019re a good paymaster. So it doesn\u2019t matter what limit, or even if you bought an ice cream cone from McDonald\u2019s once a month with your credit card, the banks see your monthly repayments via their CCRIS system that they have directly with Bank Negara. \n\n\n3. You are discipline in paying any debts/ services you utilise.\n\n\nWhether it is an education debt, your PTPTN, personal loans through institutions, or your utility bills, the consistency of paying on time for at least 12 months straight without missing on payments / late payments will give Banks the right confidence. Not only for the bank to see, but you also will build an attitude towards yourself, by being a responsible borrower.\n\n\n4. Build the Perfect Credit Score. Avoid these red flags;\n\n\nMiss or do late repayments (Red Flag #1)\n\n\nHad your dues slipped out your mind? Unfortunately, it\u2019s a poor excuse for the bank, and the borrower will be penalised on late payment, on every extra day the interest can reach up to 18% (per annum) on credit cards for every ringgit you owe.\n\n\nEnsure that you are aware of each of your monthly commitment and have reminders on when to pay them. Otherwise, consider an auto-debit system by each respective bank.\n\n\nMax out your credit card utilization (Red Flag #2)\n\n\nHaving your own credit card or multiple credit cards does not mean you should spend more and build up credit. If you keep credit without repaying it fully, that would add up to your credit utilisation limit. Banks typically use a method called DSR (Debt Service Ratio) to calculate an individual\u2019s credit-ability. It\u2019s scoring to see if you could still afford to pay off your monthly debts/usage first on top of approving you to get a new home/car loan from the banks.\n\n\nSo if your usage is always maxed out, it shows that you don\u2019t have good financial planning and that you tend to spend more than you can afford. It is common that bank rejects loan submissions from profiles with a high DSR because it\u2019s risky on their position to issue the loan as a high DSR reflects larger spending behaviour. Try to avoid taking those 0% interest-free monthly repayments for products/services, as this too directly contributes to a higher DSR. It will affect your financial planning especially if you\u2019re thinking of getting a home.\n\n\nA report from TheStar (2018) says that 47% of Malaysian youths have high credit card debts while 38% have been identified as having personal loans.\n \nhttps://www.thestar.com.my/business/business-news/2018/09/04/47pct-of-youths-have-high-credit-card-debts\n\n\nMultiple credit applications or active loan (Red Flag #3)\n\n\nIf you\u2019ve been applying for credit cards or loans very recently, it\u2019s better to give it a rest before applying for another one. Especially if the last one was rejected.\nIt may matter when you decide to apply, as creditors will see this as an added risk for them that will lead to default loans and will opt to stay away. \n\n\nHigh Debt Servicing Ratio (DSR) (Red Flag #4)\n\n\nThis is conducted when you compare your income documents against your total outstanding credit.\n\n\nBe careful when applying for more credit cards or taking up personal loans. It will add to your loan repayment every month, and banks usually will allow you to take up to 67% of credit financing from your nett paycheck (You\u2019ll need 1/3 to yourself for monthly expenses). \nIf your repayments and monthly usage are already at 55-60% of your paycheck, the 10-15% balance is not going to be enough for the bank to loan you a full loan to cover a car or a house.\n\n\nHere\u2019s a case example:\n\n\nYour Monthly Income:\n RM8,000\n\n\nMonthly Rental:\n RM1,000\n\n\nCurrently has 3 credit lines:\n Personal Loan (RM1,000), Credit Cards (RM2,500 monthly spend), and Car Loan (RM500)\n\n\nTotal monthly commitment: RM4,000\n\n\nYour debt service ratio would be calculated as:\n\n\nRM4,000 / RM8,000 X 100% = 50%\n\n\nWith an income of RM8,000 monthly and a monthly commitment of RM4,000, your debt ratio is at 50%. Though your monthly rent doesn\u2019t affect the banks, new bank regulations will look and consider external factors and expenses, thus it may be slightly challenging to apply for a loan, even with a guarantor.\n\n\nIn a nutshell,\n\n\n Planning your finances is the key to healthy credit history. Know how much you can bite before committing, and be aware of each loan you are about to take up as it affects your first mortgage. As a young person, knowledge of finance is vital. Always be financially savvy as this will improve your living standard in the long run. The key towards a better real estate portfolio lies within better management of cash flow.\n\n\nShare this article with all the young people you know.\n\n\nRead also \nSales and Purchase Agreement (Sub Sale) in Malaysia Guide.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nbank negara\nbankruptcy\ncredit\ncredit cards\ncredit health\ncredit score\nhome loans\nHouse hunting\nrenting\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMalaysia Budget 2020: (property edition)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nThe Ultimate Real Property Gain Tax (RPGT) Guide - (Update:2020)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/11/09/the-ultimate-real-property-gain-tax-rpgt-guide/", "title": "The Ultimate Real Property Gain Tax (RPGT) Guide \u2013 (Update:2020)", "body": "\n\nLet\u2019s all admit it, taxes in general can sometimes be ridiculously confusing. The \nReal Property Gain Tax\n is no exception but fret not for we\u2019re here to help break it down!\n\n\nReal Property Gains Tax (RPGT) is a tax levied by the Lembaga Hasil Dalam Negeri on chargeable gains derived from the disposal of real property. The rate of the RPGT varies based on citizenship of the property owner as well as whether you are an individual or an establishment. \n\n\n\n\nAs of now is the latest update we have on the RPGT 2020.\n\n\nHow do you calculate RPGT?\n\n\nAlthough it sounds rather complicated, all you have to do is utilize one simple formula.\n\n\n\n\nBut how do you get get your chargeable gain? All you have to do is take the price the property is sold for and deduct it with the amount it was originally bought for. Here\u2019s the formula:\n\n\nLet\u2019s try out a simple example\n\n\nLet\u2019s say you\u2019re a Malaysian citizen who bought your 1999 house for RM230,000. Come January 2020, you sell it for RM660,000.\nAssuming the market price on 1 January 2000 was RM250,000, and 13 years later on 1 January 2013 it\u2019s increased to RM450,000. \n\n\nThe basic calculation of RPGT would be\nBefore Budget 2020 (base year 2000):\nRM660,000 \u2013 RM250,000 = RM410,000\nRPGT\n = RM410,000 x 5% = RM20,500\nAfter Budget 2020 (base year 2013):\nRM660,000 \u2013 RM450,000 = RM210,000\nRPGT\n = RM210,000 x 5% = RM10,500\n\n\nYou would save 51% on your RPGT if you sold your property in 2020.\n\n\n\n\nReal Property Gain Tax Exemptions\n\n\nYou\u2019re in luck as there are certain exemptions allowed for Real Property Gain Tax, being:\n\n\nAnyone can benefit from a once-in-a-lifetime 100% exemption from RPGT when you sell your private residential property. (Please utilize this once in lifetime opportunity wisely).\nTransference of real property between family members (e.g. husband and wife; parents and children; grandparents and grandchildren) will also be exempted from property gains.\n10%\n\u00a0of profits OR\u00a0\nRM10,000\n transactions (whichever is higher) will not be taxable.\nHousing priced below RM200,000 (Low cost, low-medium cost and affordable homes will be exempted from RPGT.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\nTagged\n\n\nbudget 2020 tax exemptions\nmalaysia rpgt\nreal estate tax\nrpgt\nrpgt 2020\nrpgt guide\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Perfect Credit Score before your Late 20's\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow to buy RM600K property with nett income at RM4000?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThavaneson Kuppa Rajoo\n \non 28 May, 2020 at 19:58 \n\n\n\n\nReply\n \n\n\n\n\n\n\nDear Sir,\n\nHow to get the market value of the property on 01//01/2013. I mean from where you could refer to obtain the exact market value of the property at 01/01/2013. In your example where to get the figure RM450,000???\n\n\nThank you.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/11/17/how-to-buy-rm600k-property-with-nett-income-at-rm4000/", "title": "How to buy RM600K property with nett income at RM4000?", "body": "\n\n\u201cBuying a home right now will be the best opportunity in your lifetime\u201d\n\n\n~Warren Buffet\n\n\nIndeed, majority of the people will buy a house once a lifetime. A house is an asset, a place for shelter and a money-making platform. Whether it\u2019s to buy for your own stay or used as an investment, it will be one of a milestone in anyone\u2019s life.\n\n\nThe mentality behind \u201cI want to wait until the price drop, it will be the perfect time to buy\u201d may not be the wisest decision. You should have a target location and find something within the budget that you have. It\u2019s all about negotiating the right prices.\u00a0\n\n\nThe economy has a peak and trough. The same goes for the property market. And even on a soft market, property prices are going up especially properties listed on the secondary market.\n\n\nWe\u2019ll show you how you can afford an RM600,000 property if you\u2019re earning nett RM4,000 (after EPF/Socso) income a month.\n\n\n \nDid you know?\nAccording to Lim Guan Eng, there is an overhang supply of condominiums and apartments that amounted to RM8.3bil. That\u2019s also why government had to take procure action reducing threshold for foreigners, which is from RM1Mil to RM600K.\u00a0\nRead about what Budget 2020 has in stall for property buyers here:\n \nhttp://therooftalks.com/2019/10/21/malaysia-budget-2020-property-edition-therooftalks-com/\n \n\n\nThe calculation below will show, by having a minimum Nett Salary of RM4000 a month, you would be able to afford a RM600,000 property.\n\n\n1. First of all, you will need to know your total nett income.\n\n\nNett income can be calculated by using the formula below:\n\n\nNett income = Gross Income \u2013 Deductions (KWSP, SOCSO, Income Tax)\n\n\nFor example:\n\n\nMr. Lee is a marketing executive. His salary is RM4700 per month.\n\n\nNett salary = RM4700 \u2013 RM687.95 (KWSP, SOCSO, EIS, Income Tax)\n\n\nNett salary = RM4012.5\n\n\n2. Calculate your DSR\u00a0\n\n\nThe debt service ratio is a calculation of your total monthly installment. If you have a car loan or personal loan, this will be calculated in DSR.\n\n\nAverage for the bank, the maximum DSR that you can have is 70%.\n\n\nAs for Mr. Lee, as he does not have debts or a car, his DSR will be approximately there.\n\n\n70% X RM4012.5 = RM2808.75\n\n\nSo, the RM2808.75 should be your monthly commitment towards the housing loan.\n\n\nSo, with the RM2808.75 monthly commitment, what is the price of a property that you can afford to buy?\n\n\n3. According to Loan Street, with the monthly installment at RM2808.75, property that you can afford to buy is RM613,406.17\n\n\nMonthly Installment Plan Based On Nett Income at RM4012.5. By LoanStreet Calculator.\n\n\nBefore you choose which to property to buy, you should find out how much you can afford the loan. This step is especially important, so that morning you will not waste your time looking for a property that will not match your affordability.\n\n\nCheck with your preferred bank or you can check at \nLoan Calculator\n for the exact amount that you can afford.\n\n\nFor first time home buyers, the Government introduced a few schemes that will help people buying their first property.\n\n\nNormally, 10% of the price of the property was required to pay the stamp duty and legal fee. In addition, you also need additional thousands of ringgit to pay the unexpected such as renovation and overdue bills.\n\n\nWith the government schemes, don\u2019t worry about upfront. The government gives up to 110% to help people own the property.\n\n\nBelow are the schemes that will be big advantages for first time home buyers.\n\n\n1. BSN MyHome (Program Perumahan Rakyat)\n\n\nBSN MyHome (Program Perumahan Rakyat) is designed to help those who are self-employed or with irregular income to own a home. They provided financing up to RM300K.\n\n\nGet the full detail by visiting the nearest branch or visit \nBSN MyHome (Program Perumahan Rakyat)\n\n\n2. Skim Pembiayaan Deposit Rumah Pertama (MyDeposit)\n\n\nThe scheme is opened since 6 April 2016. It\u2019s meant to help M40 group own first property by providing the deposit payment. The financing provided up to RM500,000.\n\n\nGet the full details by visiting \nSkim Pembiayaan Rumah Pertama (MyDeposit)\n\n\n3. Skim Rumah Pertamaku (SRP) \u2013 My First Home Scheme \n\n\nSkim Rumah Pertamaku (SRP) \u2013 My First Home Scheme is a homeownership initiative that was first announced in the 2011 Budget by the Government of Malaysia.\n\n\nIt meant to assist first-time house buyers earning a gross monthly household income of up to RM10,000 (subject to RM5,000 per applicant) to purchase their first home.\n\n\nGet the full detail here \nSkim Rumah Pertamaku (SRP) \u2013 My First Home Scheme\n \n\n\nTo summarize, know yourself first by understanding your affordability. Always consult a good banker to help you calculate your loan affordability. It might turn out that you can afford more than you thought.\n\n\nIn addition, seek out the various schemes introduced by the government to help first time home buyers.\n\n\nLet us know in the comments if you\u2019d like us to cover more about the said schemes above, we\u2019ll put it out in the pipeline coming next on TheRoofTalks.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nThe Ultimate Real Property Gain Tax (RPGT) Guide - (Update:2020)\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nNO EOT: Developers to pay, if there\u2019s a delay\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2019/11/28/no-eot-developers-to-pay-if-theres-a-delay/", "title": "NO EOT: Developers to pay, if there\u2019s a delay", "body": "\n\n\u2013 Federal Court sides Buyers claim on delay (late delivery). \n\u2013 Housing controller has no power to grant an extension of time (EOT) to developers. \n\u2013 By granting EOT, controller has denied the purchasers\u2019 right to claim for liquidated damages.\n\n\n\n\nPUTRAJAYA: Property buyers in Malaysia can rejoice! As decided by the Federal court, property delivery delay/extension excuses from the developers will be met with a penalty as they have no choice but to honour the Sales and Purchase Agreement (SPA) and repay buyers claim on liquidated damages.\u00a0\n\n\nThe granting of extensions or modifications to the prescribed terms and conditions in the Sales and Purchase Agreement would deny the buyers from their right to claim for liquidated damages, as shared by Chief Justice Tengku Maimun Binti Tuan Mat.\n\n\nHer decision has allowed the appeal of 104 buyers that are claiming for liquidated damages against a local developer.\n\n\n\u201cThese modifications and the granting of extensions of time to the developer do not appear to protect the purchasers, which militates the intention of Parliament,\u201d she added.\n\n\nThe judge ruled that Section 24 of the Housing Development (Control and Licensing) Act 1966 did not give any authority for the minister to delegate his powers to the controller to modify the SPA.\nThe extension of time for late delivery will only determine the payment amount of damages. \nThe Federal Court upheld the High Court\u2019s decision.\n\n\nTo get the full ground judgement on Federal court\u2019s decision (pdf): \nhttp://bit.ly/37GyRtX\n\n\nArticle first appeared on \nFMT (Free Malaysia Today), 26 November \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow to buy RM600K property with nett income at RM4000?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBumbung relaunches with Proptech Agency that focus' on customer relationships, data points and automation.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/01/02/bumbung-relaunches-with-proptech-agency-that-focus-on-customer-relationships-data-points-and-automation/", "title": "Bumbung relaunches with Proptech Agency that focus\u2019 on customer relationships, data points and automation.", "body": "\n\nA new Hybrid Marketplace Agency is disrupting traditional Real Estate Agencies.\n\n\nBy eliminating the friction between the Agent, the Platform and the Client, we created an ecosystem for our Agents to continuously build and maintain Client Relationships while delegating and automating their marketing efforts\n\n\nProptech company Pepite Technology Sdn Bhd, started a property marketplace (\nBumbung.co\n) in 2016. As a lead generator for many different Agent/Agencies, they could generate quality leads but later realised that many of their clients were not getting the proper/prompt service as they were expecting from their matched Agents. \n\n\nTo date, Bumbung.co has provided over 7,000 client matches of whom are looking to buy and rent properties both houses and condominiums within central Klang Valley. \u201cWe asked almost all our Agents why they were not converting the leads that we\u2019ve provided them, and to our surprise, we learnt that many of them don\u2019t have the system or time in place for a proper CRM tool to manage their leads, marketing and listings,\u201d said Lim, Co-founder and CEO at Bumbung.co. \u201cWhat\u2019s a bigger shocker is that some of these Agents and Negotiators hail from large real estate companies; Savills, Knight Frank, IQI, Reapfield, Remax and Metrohomes, where you have Agents who are dominating some markets,\u201d he added.\n\n\nLim later stressed that Bumbung was able to continue pivoting despite the harsh conditions in the market and startup ecosystem was to quickly address the supply problem (listings). \u201cWe had to quickly reassess our value proposition to serve our Agent users, by eliminating the friction between the Agent, the Platform and the Client, we created an ecosystem for our Agents to continuously build and maintain Client Relationships while delegating and automating their marketing efforts. We acquired a licensed real estate Agency, and by doing so, we could legally transact all our deals through the platform.\u201d\n\n\nBumbung\u2019s Technology\n\n\nBumbung has successfully built an Operating System (OS) that many local Agencies today can only dream of starting. It took them slightly longer than 3 years to where they need to get to, but as an entrepreneur, Lim and his other co-founders found it rewarding that we could take what we learned from the past Agencies they worked with and implement a better way around it as a solution towards innovating the process.\n\n\n\u201cThe first place we looked at innovating was to figure out why Agents didn\u2019t have the consistency in working on the leads that was provided for them, and many even found it difficult to start farming or create a system that builds around their focus area.\u201d Said Lim\nSeeing that it was not rocket-science, Bumbung\u2019s team developed backend procedures to automate the online and on-ground marketing work and posting work to different portals. The result of which returned back Agents 30-40% of their valuable time that otherwise has been spent on doing similar of the repetitive low-value marketing work. \n\u201cBecause of the slight innovation of the process, our Agents today are available to tackle the more important task at hand, to focus towards creating better, wider high-value relationships with existing and new potential clients,\u201d according to Lim.\n\n\nBumbung.co | Fine Real Estate\n\n\nUsers who are looking to Buy or Sell their property can begin their journey on \nBumbung.co \nwith a simple search or list your property to sell / rent. Bumbung\u2019s team of Agents will perform a pre-valuation check on your property for the right price to market. Their team of Agents currently covers affluent markets in the Klang Valley for residential and commercial properties valued in the ranges of RM 1 mil and above. \n\n\nYou can find listings and houses for Sale in TTDI, Bangsar, Damansara Uptown, Tropicana, Ara Damansara, Saujana, Petaling Jaya and other areas on their website.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nagent\nBumbung\ninnovation\nproptech\nreal estate\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nNO EOT: Developers to pay, if there\u2019s a delay\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBank Negara MPC: OPR drops to 2.75% = Great news for borrowers. Not so great for depositors.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/01/30/bank-negara-mpc-opr-drops-to-2-75-great-news-for-borrowers-not-so-great-for-depositors/", "title": "Bank Negara MPC: OPR drops to 2.75% = Great news for borrowers. Not so great for depositors.", "body": "\n\nThe Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 2.75 percent.\n\n\nWe don\u2019t see banks rushing to update their narrative to home buyers to get onboard with the new Base Rates. But we expect it to be rolled up for all banks in the next few weeks. Scroll down to find the latest rates we collected from different news sources and read on to find out how this change affects you.\n\n\n\n\nLatest Base Rate (BR), Base Lending Rate (BLR) and Effective Lending Rate (ELR) for all Banks in Malaysia (Updated 30 January 2020). Source: Bank Negara, Affin Bank, Bank of China, CIMB, Citibank, Hong Leong Bank, HSBC Bank, ICBC, Maybank, OCBC, Public Bank, RHB, Standard Chartered, UOB Malaysia in their websites and/or Press Releases.\nThose banks who have not yet released a Press Announcement or updated their sites are intentionally left empty and will be updated at a later time.\n\n\n\n\nThe Good\n\n\nThe OPR changes has a direct influence on a bank\u2019s Base Rate (BR) & Base Lending Rate (BLR), where the BR & BLR usually reduces/increases in tandem to an OPR cut/hike. To understand more about what BR and BLR is, Bank Negara has it in an infographic \nhere.\n\n\nSmaller OPR rates equals to cheaper options for property purchasers to take up a home mortgage as it would leverage on the lower initial interest rate. \nWhen the previous OPR reduction from 3.25% to 3% in May of 2019, it had a co-relation effect to approval rates \u2013 According to MoF, loan approvals for that month was 13% higher.\n\n\nThe lower OPR also affects existing borrowers, bringing a reduction in the effective lending rate (ELR) of existing home loans that are following the variable floating rate, which means two things:\n\n\n\n\nReduced installment payments\n. You should receive a notification letter on the revised instalment amount from your bank soon, if not, you can clarify it with your bank about these rates.\n\n\nShortened tenure for repayment\n (only when the previous instalment sum is maintained). Banks will usually provide consumers with the option to shorten their loan tenure instead if a reduced repayment amount is not available.\n\n\n\n\nThe Ugly\n\n\nThis is the 2nd change in the Overnight Policy Rate (OPR) for the second time in less than six months. Where the 25 basis point reduction to 2.75% brings the country\u2019s lending reference rate to its lowest in nine years.\n\n\nThe natural obvious trade-off, of course, is that a lower OPR means lower savings and fixed deposit rates. Leaving you to re-assess bank savings or investment strategy to ensure that you\u2019re able to still get the most optimal returns from the bank.\n\n\nSummarising it with Bank Negara\u2019s statement:\nFor 2020, growth is expected to gradually improve, with continued support from household spending and better export performance. Overall investment activity is expected to record a modest recovery, underpinned by ongoing and new projects, both in the public and private sectors.\n\n\nIf you haven\u2019t already read our guidelines, you can check out our 3 parts series in financing your home loans.\nCheck out \nPart 1,\n \nPart\n \n2\n,\n and \nPart 3.\n\n\nWill you buy a property this year?\n\n\nWe don\u2019t have a crystal ball to tell the future, but we\u2019d like to know what you think you would do after knowing the newly reduced Base Rates, do let us know in the comments!\n\n\nIf you\u2019re in the market to buy, or if you\u2019re looking to market your property, don\u2019t forget to drop by \nBumbung.co\n and get a free pre-evaluation on your property\u2019s sale value.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\nTagged\n\n\nbank negara\nbanks\nBase Rate\nBLR\nfinance\nhome loans\nmortgage financial solutions\nopr\nreal estate\nreal estate investments\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBumbung relaunches with Proptech Agency that focus' on customer relationships, data points and automation.\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nInside Tropicana Grande's Penthouse\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/02/28/inside-tropicana-grandes-penthouse/", "title": "Inside Tropicana Grande\u2019s Penthouse", "body": "\n\nBumbung TV\u2019s exclusive tour inside the 1 of 4 Penthouse in Tropicana Grande.\n\n\n\n\nTropicana Grande is one of the best luxury condominiums located in the Petaling Jaya city, alongside Five Stones, PJ 8 and Uptown Residences.\n\n\nThe condominium is targeted at a higher-income sector, where executives and their families who enjoys the accessibility to the golf club, Tropicana Golf & Country Resort (One of the top tier Golf Club Resorts in Malaysia).\n\n\nImage Source: http://www.expatgo.com\n\n\nThis exclusive neighbourhood has a full range of comfort type properties that residents love for its land space and privacy, from Bungalows, Semi-Detached and high-end condominiums, Tropicana Grande is the pinnacle of its high-rise developments by the Dijaya Group (now known as Tropicana Corporation Berhad).\n\n\nThe development contains 4 blocks in total and has a height of up to 39 floors.\n\n\n\n\nTropicana Grande comprises 4 blocks in total\n\n\nThe unit featured in the video is the largest and most exclusive penthouse (with only 4 units available). The unit\u2019s layout comes with 4 Beds, 5 Baths and is divided into a duplex with breathtaking views of the Tropicana golf & country club.\n\n\nThe penthouse main balconies and upper deck access faces the Tropicana Grande\u2019s facilities common olympic size swimming pool and offers unblocked views to one of 27 holes at the Golf Course.\n\n\n\n\n\u00a0\nTropicana Golf Course & Resort view from the 38th floor of the penthouse.\n\n\nThe bedrooms are nothing short of stunning, with high ceilings and durable strong glass panels, you\u2019ll have the best privacy and soundproofing the home has to offer.\n\n\nThe best part is their grand master bedroom that has the largest floor space in the unit and also comes with double balcony views for that unblocked 360\u00ba angle of Tropicana\u2019s Golf and Country Resort. Imagine spending all your evenings with the golden sunset that many would only envy.\n\n\n\n\nSunset View From Tropicana Grande Penthouse.\n\n\n\n\nOn the upper floor, this penthouse provides the resident with its very own private lift lobby entrance, walk-in closets and open dresser-room bathroom concept with jacuzzi, a private bar, and lastly a private infinity pool. The inhouse facilities and features has a lot to offer and you\u2019ll never need to leave the house.\n\n\nCheck out the video above for the full video tour at the penthouse. Bumbung.co will be hosting an Open House this 29th February 2020 (Saturday) and 1st March 2020 (Sunday) at the penthouse itself. Check out the full details by visiting the website: \nbumbung.co/listings/4922\n.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBumbung TV\n \n\n\n\n\nTagged\n\n\nLuxurious Penthouse at Tropicana Grande\nOpen House at Tropicana Grande\nThings You Should Know About Tropicana Golf & Country Resort\nVideo Walk-Through Of Tropicana Grande\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nBank Negara MPC: OPR drops to 2.75% = Great news for borrowers. Not so great for depositors.\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nMIEA's MAREC SUMMIT: \"Change or Die\".\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/03/03/mieas-marec-summit-change-or-die/", "title": "MIEA\u2019s MAREC SUMMIT: \u201cChange or Die\u201d.", "body": "\n\nMIEA MAREC Launches with #Myrealagents PSA and 4 New App Services under Lim Boon Ping\u2019s 2020 leadership.\n\n\nMIEA\u2019s MAREC (Malaysia Real Estate Conference) Summit 2020 kicks off their 34th annual conference on 28 February 2020 with multiple announcements of technology focused initiatives to improve the industry practices and with a stream of 32 speakers and break out sessions spread over the 2 days at the Berjaya Times Square Hotel in Kuala Lumpur.\n\n\nWe sat through the long speeches and summarized the important bits that you may find important to know.\n\n\nHere\u2019s what you need to know that was announced in the MIEA\u2019s MAREC Summit 2020 event;\n\n\n\n\n#MyRealAgents \u2013 MIEA\u2019s new PSA to take on the 2014\u2019s Itsillegalanditsyourfault campaign that was launched by LPPEH.\n\n\nMIEA Agent Data app \u2013 MIEA\u2019s new tech initiative to offer recent transaction info (chargeable).\n\n\nMIEA Insure Tech \u2013 Proffesional Indemnity (PI) for individuals (additional protection layer on top of brokerage PI\u2019s).\n\n\nMIEA Fintech partnership with Finology \u2013 Instant loan check to help qualify serious buyers.\n\n\nMIEA MLS program \u2013 B2B platform for Exclusive listings only.\n\n\n\n\n2020 MIEA\u2019s President, Mr Lim Boon Ping officiating the launch of MAREC Summit.\n\n\nLet\u2019s dive deeper into each topic below, with MIEA\u2019s great ambitions, we\u2019ll observe and update this post later to see if any of the ideas are fully realised. Either way, we believe it could improve industry standards, one step at a time or all at once.\n\n\n#Myrealagents\n\n\nScreenshot taken from \nmyrealagents.com\n site, with only a linkback to LPPEH\u2019s search site, it\u2019s mostly just basic information.\n\n\nMIEA\u2019s Launch of their PSA (Public Service Announcement) #Myrealagents is just a take on creating awareness for buyers to deal only with legitimate Agents with a valid Tag.\n\nTheir long campaign definition: \u201cto raise awareness especially among first-time homebuyers and renters on the need to choose Registered Estate Agents or Negotiators for their property needs due to the continuous number of cases of Malaysians being cheated out of their hard-earned savings or their interest being compromised by unscrupulous illegal brokers.\u201d\n\n\nIt\u2019s a mouthful, but their hearts are in the right place to protect buyers. We just hope that the RM200k budget will be spent wisely to get the message across to the unsuspecting buyers as this event was only targeted to Agents.\n\n\nTo make an observation, it looks a lot more of a re-launch PSA campaign that was started by LPPEH in 2014 with the support of MIEA, PEPS and RIS. Though, we have to acknowledge that the relaunch is a lot better than the former.\n\n\nThe previous campaign had an odd name, \u201cIt\u2019s Illegal and it\u2019s your fault\u201d with the idea of name-shaming those who may have fell prey to unscrupulous agents. The campaign website is expired and the only thing that survived on was the facebook page: \nhttps://www.facebook.com/Itsillegalanditsyourfault/\n\n\nLPPEH\u2019s 2014 PSA campaign (close sources shared that close to RM1 mil was spent on it). Today, apparently there are still many buyers who fall prey to scammers under the pretentious guise of Agents.\n\n\nMIEA Agent Data app\n\n\n\u201cA game-changer\u201d application to capture property transactions when the Earnest Deposit is collected in a matter of weeks instead of the 3-4 month data released after the transactions are done. Not sure how much data points would need to be captured first before the app would add value, as MIEA will not be using data from official transactions. It was mentioned that this service is would be a charged at a low rate but MIEA has not released any official numbers on it. We learned that it would be similar to what \nbrickz.my\n or \nEdgeprop.my/transactions \nhas to offer.\n\n\nTo our understanding, the usual methods for Agents to do a comparison check is to take the official transaction data between a range of 1-3 years worth of transactions when comparing properties that are for sale. This is to see if the trend of prices are on a steadier growth/slow expectancy, but knowing a transaction as recent as the past 3 weeks will not make much of a difference, as more past data is required to properly estimate the right price of sale, so the 3 months waiting period for the official data is not a dealbreaker.\n\n\nWe tried downloading the app and had issues signing up as it kept freezing at the signup page. Does it work for you guys? You could download MIEA Agent Data App from your local appstore/google play.\n\nLet us know your thoughts in the comments below. We\u2019d like to test the app out and give it a fairer review.\n\n\nMIEA \u201cInsure Tech\u201d\n\n\nTrying to jump on the bandwagon of moving fast to keep up against disruption, MIEA is partnering up a local Insurance player to offer Professional Indemnity (PI) insurance for the client\u2019s account to individuals holding REN, PEA, REA licenses. As the deal was inked at the same time as the event, more details about the said Insurance plan will be available within the next 2 months according to Lim Boon Ping.\n\n\nIt\u2019s not a mandatory requirement for Agents to get this plan as there\u2019s already an existing PI insurance covering all real estate staff at the Real Estate Agency level, covering at least RM50-100K protection against losses against the staff/company.\n\n\nA quick breakdown of what most typical Professional Indemnity Insurance for Agency coverage looks like:\n\n\nCOMPENSATION FOR COURT ATTENDANCE\n\n\n(A) ANY PRINCIPAL, PARTNER OR DIRECTOR\n\n\nOF THE NAMED INSURED\n\n\n(B) ANY OTHER EMPLOYEE OF THE NAMED\n\n\nINSURED\n\n\nDISHONEST, CRIMINAL OR MALICIOUS ACT OR OMISSION OF EMPLOYEE IN THE AGGREGATE FOR THE POLICY PERIOD \n\n\nINQUIRY COSTS IN THE AGGREGATE FOR THE POLICY PERIOD\n\n\nMITIGATION COSTS IN THE AGGREGATE FOR THE POLICY PERIOD\n\n\nPUBLIC RELATIONS EXPENSES IN THE AGGREGATE FOR THE POLICY PERIOD\n\n\nFinology\n\n\nFrom the guys behind \nloanstreet.my\n and loanplus, comes a dedicated service to Agents who are looking to add value to their client by offering them loan checks within minutes. No mention of pricing for a check, but the service would give the Agent and Client confidence if their wanted property is within their budget range for the loan to be approved or not.\n\n\nMLS platform\n\n\nMLS, also known as Multi Listing Services is ) is a database established by cooperating real estate agents to provide data about properties for sale. An MLS allows Agents to see one another\u2019s listings of properties for sale with the goal of connecting homebuyers to sellers. Under this arrangement, both the listing and selling Agent benefit by consolidating and sharing information and sharing of commissions.\n\n\nWe find this would be the most interesting announcement yet made to the public, as it\u2019s something that everyone has always wondered if it worked in Malaysia and expectations are running high to see this feature become a reality to help give Agents an edge by enabling quicker deals over a co-agency / co-brokering.\n\n\nMIEA expect to launch their MLS platform partnership with Cloudron in May 2020, within 2 months after their MAREC Summit in Kuala Lumpur.\n\n\nThe MLS platform would only take in exclusive listings. At the point of data entry, all the details of the property are recorded and will be made available to all Agents on the platform for co-brokering. This may be a hurdle itself for Agents as Malaysia\u2019s real estate market does not practice \nExclusive Listings\n widely.\n\n\nMost MLS\u2019 tend to offer similar propositions, but yet there are many databases that are subscribed to. to so many database\u2019s itself in the US for example, the most useful ones are usually the ones with the biggest database. For MIEA, this would be quite a feature to pull off, but we will be rooting for them as it does bring up the professional standards of Estate Agents in Malaysia.\n\n\nLet us know in the comments below if you have your thoughts about any of the services that MIEA plans to launch.\n\n\n\u2014\n\n\nTheRooftalks.com\n is a media platform reporting on news and lifestyle on the Real Estate marketing in Malaysia.\n\n\nIf you are in the search for the finest real estate in Kuala Lumpur and Petaling Jaya, \nBumbung.co\n has the best picks for homes with the focus on Tropicana, Ara Damansara, TTDI, Bangsar, Damansara Uptown, Bandar Utama.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nAgent's Guideline\nIndustry Updates\nMarket News\n \n\n\n\n\nTagged\n\n\nEdgeprop\nFinology\nIllegal Agents\nInsuretech\nLoanstreet\nLPPEH\nMAREC\nMIEA\nMIEA Agent Data App\nMLS Platform\nPEPS\nproperty\nReal Estate Agency\nReal Estate Agents\nRIS\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nInside Tropicana Grande's Penthouse\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nNavigating Coronavirus / Covid-19 Pandemic as a Client and Real Estate Agent/Agency\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are \n2\n comments \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSoma Sundram\n \non 5 March, 2020 at 13:22 \n\n\n\n\nReply\n \n\n\n\n\n\n\nA great article capturing the full essence of our thoughts in developing these apps. We are looking fiwr feednack and ideas to help us to move this for the benefit of members.\n\nSoma Sundram\n\nCEO -MIEA\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGadiy Lim\n \non 19 March, 2020 at 20:38 \n\n\n\n\nReply\n \n\n\n\n\n\n\nKeep the good work up at MIEA!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/03/17/how-to-navigate-coronavirus-covid-19-pandemic-as-a-real-estate-agent/", "title": "Navigating Coronavirus / Covid-19 Pandemic as a Client and Real Estate Agent/Agency", "body": "\n\nThe recent Covid-19 pandemic has affected the livelihoods of many, and it continues to spread if no measures are taken to control the situation. Across the globe. Yesterday, 16 March at 10pm (Kuala Lumpur time), Malaysia\u2019s Prime Minister Muhyiddin Yassin announced a 14-day Restricted Movement Order (18-31 March 2020), where the following is enforced:\n\n\n\n\nBlanket ban on public gatherings.\n\n\nShut down of all businesses and places of worship, except for supermarkets, wet markets, grocery and convenience stores.\n\n\nOverseas travel ban for all Malaysians (returning citizens must undergo 14-day self-quarantine).\n\n\nShut down of all schools.\n\n\nShut down of all colleges and universities.\n\n\nAll private and public services will be suspended except for essential services\n\n\n\n\nThis is in order to contain the virus and help prevent the situation from getting bad to worse.\n\n\nYou can read PM Muhyiddin\u2019s transcript \nhere\n, and what falls under the essential services \nhere\n.\n\n\nNow that you understand what\u2019s going on, here\u2019s \nwhat Clients (buyers/sellers) and Real Estate Agents / Negotiators can do to make the best out of the Coronavirus, Covid-19 quarantine\n on movement restriction.\n\n\n\n\nKeep calm. Understand what\u2019s going on and how this affects everyone. Most Importantly, communicate with your Agents/Clients.\n\n\nThe truth is, many industries are affected by the pandemic, not just real estate.\n\nWe identified and broke down the effects of where the Coronavirus impact would affect the public;\n\n\n\n\nPeople influx =\n Affects Travel, Tourism, and Education.\n\n\nSupply chains =\u00a0 Industry & Factory lines in outbreak hotspots and with specialized production.\n\n\nGoods trade =\n Pause Global imports of discretionary consumer goods, potentially capital goods.\n\n\nCommodity/stock prices = Travel impacts oil, weaker investment affects iron ore and coal.\n\n\nFinancial Institutions = Depends on Risk-asset volatility. Stocks and Equity prices have dropped, and credit spreads are wider, banks are reducing interest rates.\n\n\n\n\nThis global phenomenon allows real estate investment to be an attractive option for investors as a safe haven for their assets as property prices are steady and controlled by the people\u2019s holding power.\n\nBank Negara has already revised OPR rates by 0.25% yet again in March 2020 while signs are showing that they may further reduce it again. (Read about our recent \nOPR coverage here\n)\n\n\nFor Owners & Buyers\n\n\nThis direct impact has enabled two Options;\n\n\n\n\nA \nSurge of buyer\u2019s demand\n. As other investment options become weaker, existing and new Investors need another vehicle to ride out until the market recovers which can take anywhere between 2-5 years. Within that period of time, your property would have greatly appreciated between 10-40% in its value.\n\n\nOwners who may have got burnt by the stock market drop or if the Coronavirus has affected their jobs, they may need to reconsolidate funds. This means to \ncash in on the disposing of their property assets\n and allowing opportunistic buyers to snap it up.\n\n\n\n\nAgents\n\n\nIf you have any clients involved with any of the above areas, perhaps its time to let them know that you are going to be around to help them out with any of their property concerns.\n\n\nIt would serve as a good reminder to tell them regarding what you do. Because of the economic impact, they may need to sell, stay put, or move assets around, thus, making you the ideal person to work with and secure their current/future assets. This should be a good start to identify their needs during this situation.\n\n\nIt\u2019s time to pick up the phone and call. Don\u2019t just text. Apart from just sending forwarded updates on the Coronavirus status/announcements, you should be able to add value and be sensitive to their Real Estate needs.\n\n\nIf a viewing must go on, do it via a Video Call instead of meeting up.\n\n\n\nMany businesses have shifted operations to WFH (Work From Home) or take a compulsory leave during this lockdown (movement restriction) period. It\u2019s a good start for all, but Agents have already got in a game of working from anywhere. However, this will affect all home showings for both Client and Agents.\n\n\nWe understand that both clients and Agents are excited to grab a good deal before it slips away, but do be very cautious about it, and if they still would like to see homes during the weekend, propose to do a video call instead and make the digital appointment. Better yet is to postpone the showing until the quarantine lockdown period is lifted. We all need to be cautious during these worrying times to prevent the spread of the Coronavirus.\n\n\nDespite the warning, we\u2019ve heard that some individuals; both clients and agents are still going ahead with appointments. It\u2019s actually NOT ADVISED as you may be fined by the local authorities for not following the order. In the near future once the showing bans are lifted, it is still advisable to be safe and follow these steps below:\n\n\n\n\n\n\nDo not show the property to multiple people at once;\n\n\nBe present at the home 15 minutes earlier, and open all windows/doors to air the house (remove the stale air and odour to prevent sneezing).\n\n\nKeep a safe distance between you and your client (at least 1 meter away). Make sure to not get too close;\n\n\nAdvise people in the home to not touch anything or come into contact with the objects in the home;\n\n\nAsk those coming into the home to immediately wash their hands with soap or provide them with a hand sanitzer when they arrive.\n\u00a0\n\nAdditional: Bring a Clorox wipe for your clients, if they\u2019d like to open/close cupboards, doorknobs, or handles, encourage them to use the wipe first before engaging.\n\n\n\n\n\n\nWe hope by following the steps above, you would keep everyone safe. Knowing that what we do could put an end to the pandemic, it will be better for everyone when the market begins to recover.\n\n\nFor more information on how the virus spreads and how to take precautions, watch WHO\u2019s infographic video here:\n\n\n\n\nFor Agencies: If you\u2019re managing a brokerage, it\u2019s not too late to get into the game to move everything to the cloud. Better late than never.\n\n\nDisruption is upon many industries, though it remains uniquely impossible to completely replace Agents with tech, it\u2019s still a good start to move processes and management of people, lead generation, marketing, CRM and sales tools to an online platform to manage the load of having a physical Real Estate Office.\n\n\nSince things are changing, the Coronavirus is actually speeding the timeline up for Proptech to be widely adopted by Real Estate Agencies.\n\n\nManaging a Real Estate Agency is never easy, especially if your Agents rely on coming into the office to use resources to report, get training, manage their leads, meetings and deal flow, it\u2019s important to know what are the components that could be digitalised for the convenience of your team without the confusing steps or interface.\n\n\nIn many matured cities, leveraging on technology from an Agency level is a very powerful tool to retain Agents and keep them moving forward. The timing couldn\u2019t be more impeccable especially with the restricted movements that encourage Agents to work individually by their own but yet remain connected and work doesn\u2019t stop.\n\n\nWhat are some of the smart tools are you seeing in your local Agencies today?\n\n\n\u00a0\n\n\n\n\nIf you\u2019re in the market looking to buy or rent Real Estate in the hot areas of TTDI, Bangsar, Petaling Jaya, Tropicana, Damansara Uptown, Bandar Utama, Ara Damansara and Saujana; you can start your search or list your home with \nBumbung.co\n, a listing platform for the finest properties in the Klang Valley.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nAgent's Guideline\nBuying and Renting Guides\nInside Bumbung\nMarket News\n \n\n\n\n\nTagged\n\n\nbuyers\ncoronavirus\ncovid19\nproptech\nReal Estate Agency\nsellers\nwork from home\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nMIEA's MAREC SUMMIT: \"Change or Die\".\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nRights & Responsibilities as a Tenant + Must Do's\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/03/26/rights-responsibilities-as-a-tenant-must-dos/", "title": "Rights & Responsibilities as a Tenant + Must Do\u2019s", "body": "\n\nAs a tenant, finding the right home marks the end of weeks of tiring work and tedious search. The moment you sign that Tenancy Agreement, you have yourself the dream home. The rules outlined in that Tenancy Agreement bestow some \nrights\n on you and impose other responsibilities.\n\n\nThe Process of a Tenancy Agreement starts from securing the premise with an earnest deposit that commonly represents the first-month rent to executing the Tenancy Agreement with a 2-month security deposit & half a-month utility deposit leading towards a smooth hand-over of vacant possession.\n\nBoth landlord & tenant agrees to a mutual covenant of individual responsibility and embarks onto a relationship that exchanges \nrest\u00a0\nfor\u00a0\nrental revenue.\u00a0\n\n\nSo why don\u2019t you leverage for the best tenancy option?\u00a0\n\n\nDue to the lack in implementation of a Residential Tenancy Act, covenants in tenancy agreement are currently the only governing tenancy practices.\n\n\n\n\nHere are 8 MUST DO\u2019s when negotiating for a Tenancy Agreement;\n\n\n\n\nUpon paying Monthly Rental, you are entitled to peaceably occupy and enjoy the Demised Premise without any interruption from the Landlord or any persons rightfully claiming through under or in the trust for him.\n\n\nThe renewal of lease shall be negotiated two-month prior to the expiry of the agreement and if a termination upon expiry is intended, it should be properly communicated and documented via email or post.\n\n\nAlthough the Landlord has the right to renew a tenancy at a revised rate, the tenant has the right to pre-determine the revisable rate in the agreement.\n\n\nInsist to have your Real Estate Negotiator (REN)\n list all inventories that are part of the property\u2019s content and its current conditions, the items should be itemised and thoroughly documented in an appendix to remove any doubts/misunderstanding that may come between the Landlord and you upon the tenancy\u2019s termination/return of vacant possession.\n\n\nIf the place requires any fixes or repairs, it should be mentioned in the appendix to allow the Landlord and or REN to work have someone to fix it under a fair time.\n\n\nTo disapprove of\u00a0any sale showing during the duration of the tenancy. \nHowever\n, some case permits you to negotiate with the Landlord to receive\u00a0\nfavourable terms.\u00a0\n\n\nMinor repairs & typical home maintenance are usually costs borne by the tenant, eg. Air-conditioning, these changes are usually \ncapped within RM300.00 on a single item.\nAny cost above could be discussed with the Landlord to share the cost burden too.\n\n\nNegotiate for Curtain & Shears to be steamed clean. However, this also works as a double-edged sword as the Landlord will then command the same upon the end of the tenancy.\n\n\n\n\nObviously , anyone would want to get the \nbest in\u00a0each & every deal\n. However, we need to understand that not every Landlord is the same.\n\n\n\n\nMust-Know Terms of the Tenancy Agreement in Malaysia.\n\n\nHow to negotiate a favourable Tenancy Agreement?\n\n\nYou also have some responsibilities to show towards the property in a Tenancy Agreement. Because you\u2019re only leasing the property, you\u2019re supposed to abide by some rules, a tenancy agreement outlines many of these rules; but to get the \nbest value and flexibility, \ntry building on relations with the Landlord by giving them a reason to believe you and thus creating leverage.\n\n\n\n\nTaking care of the premises to ensure that you hand it over in good order to the Landlord upon vacating the property as it was when it was first occupied by you.\n\n\nMaintain the premises in a neat & tidy manner throughout the Tenancy period.\n\n\nEnsure that the utilities are taken care of on-time throughout the Tenancy period.\n\n\nEnsure that the property is being used accordingly to the stated purpose in the tenancy agreement.\n\n\nBe Responsible for any damaged caused to the property throughout the Tenancy period.\n\n\nBe more independent about solving minor problems throughout the Tenancy period.\n\n\nEnsure that air-conditioner is serviced twice yearly, for air conditioner units which are under-utilised, once yearly throughout the tenancy period.\n\n\nObliging to the management house rule (if any) throughout the tenancy period.\n\n\n\n\n\n\nTo attract a good deal, one need to practice living in a good deal.\n\n\n\n\nResponsibilities towards being a tenant are unique to each property. Breach of any obligation is grounds for legal action.\n\n\nIf you perform your duties properly and exercise your rights, you should have a happy stay on the property. Above all, maintain a healthy relationship with your Landlord.\n\nTo broaden your understanding, you could read more about house rental agreements \nhere.\n\n\n\n\nThe article was a collaboration with guest author, Roxana\u00a0\n\n\nA writer by calling and an academic, has created scintillating and remarkable content for dozens of websites in the purview of the Business Sector. She has a fair understanding of the inner workings of several business establishments, the agreements required to meet these establishments, that makes her the foremost expert in this field.\n\n\n\n\n\n\n\n\nIf you\u2019re considering a place to Rent, why not check out Uptown Residences?\n\nLive in the heart of Damansara Utama, minutes away from the MRT and located at The Starling Mall. Click the image to learn more:\n\n\nBumbung.co has the most complete list of Apartment/Condominium units at Uptown Residence, Damansara Utama.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nRenting\n \n\n\n\n\nTagged\n\n\nFor Rent\nlandlord\nLease Agreement\nLong term rental\nproperty\nproperty price\nreal esate\nrental\nRental Document\nrenting\nResidential\nShort Term Rental\nTenancy\nTenancy Agreement\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nNavigating Coronavirus / Covid-19 Pandemic as a Client and Real Estate Agent/Agency\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nHow can Home Owners benefit from BNM\u2019s 6-month loan deferment?\u2029\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nZack Ng\n \non 26 March, 2020 at 20:01 \n\n\n\n\nReply\n \n\n\n\n\n\n\nThanks for the insight of being a real estate negotiator, but does it apply across all tenancy that you guys have experience or is it assumption that it would be negotiable with landlord for the above terms.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/02/how-can-home-owners-benefit-from-bnms-6-month-loan-deferment%e2%80%a9/", "title": "How can Home Owners benefit from BNM\u2019s 6-month loan deferment?", "body": "\n\nThose of you who are homeowners and are still serving the loan period may know that Bank Negara (BNM) has implemented a nationwide move to automatically apply a deferment on the loan repayments/mortgages for all borrowers in light of the current COVID-19 pandemic.\n\n\n\n\nBefore we go deeper into how this affects you and what you could do to benefit on the situation, these are the quick points to get your basic knowledge covered on the subject:\n\n\nWhat is the deferment of loan or financing payment?\n\n\nIt is a temporary deferment or suspension of loan/financing payment obligation (principal and interest/profit) for a limited period of time. During this period, borrowers/customers with loan/financing that meet the conditions do not need to make any payment, and no late payment charges will be imposed. Borrowers/customers will need to honour the deferred payments in the future. Loan/financing repayment resumes after the deferment period and if such repayments are not fully settled when due, late payment penalties will be imposed. Interest/profit will continue to be added (accrue) on loan/ financing payments that are deferred and borrowers/customers will need to honour the deferred payments in the future. Loan/financing payment resumes after the deferment period.\n\n\nWhich loan/financing qualifies for the deferment?\n\n\nFor individuals and small and medium enterprises (SMEs), the deferment in conventional loans or Islamic financing payment obligations (except credit card) is automatically effected by Financial Institution\u2019s (FI) if the loans/financing meet these criteria:\n\n\n\n\nnot in arrears exceeding 90 days as at 1 April 2020; and\n\n\ndenominated in Malaysian ringgit.\n\n\n\n\nMeanwhile, corporate borrowers/customers may request a deferment on loan/financing payment from their respective FI\u2019s.\n\nNote that the rescheduling and restructuring (R&R) program under the FI\u2019s are eligible for the deferment subject to meeting the criteria.\n\n\n\n\nIt\u2019s great that BNM enabled all Banks to auto-implement the moratorium/deferment to help the public and individuals with their repayments. Despite so, there\u2019s no such thing as a free lunch, let\u2019s look into both opting out or staying in for the deferment;\n\n\n\n\nOPT-OUT FROM DEFERMENT / MORATORIUM\n\n\nShould you wish to opt-out from the deferment, BNM has suggested to reach out to your respective FI\u2019s and inform them of your choice to do so.\n\nYour repayment period remains the same, without any extension or increment in fees; you\u2019ll continue to enjoy your same lower monthly payments as usual.\n\nThis is definitely a huge plus point for those who have already budgeted the next 6 months and is still able to manage their finances during these uncertain times.\n\n\n\n\nOPT-IN FOR DEFERMENT / MORATORIUM\n\n\nThe interesting part may be to opt-in.\n\n\nYou may need to think about how this affects you and the likelihood of your income if it will be affected by the Movement Control Order (MCO). If you\u2019ve made it in life, but you are collecting income from many of your rental properties, or if you\u2019re heavily invested into Commercial real estate, the future for these investment vehicles may look uninteresting if your tenants were to close their business due to the pandemic, because it\u2019s not just one tenant/business, it\u2019s a global phenomenon.\u00a0\u00a0\n\n\nThe reason why it may be interesting to go with the automatic opt-in is that most banks have decided to \nnot\n implement a compounding interest that derived from the deferment. Meaning to say, there will also be no late charges or penalties for this period, and it will not affect your CCRIS credit score with BNM.\n\n\nHere\u2019s the full bank list who are not charging additional fees/compounding interest on your principal during the deferment period (April 1, 2020 to Sept 30, 2020):\n\n\n\n\nOCBC\n\n\nPublic Bank\n\n\nMaybank\n\n\nCIMB\n\n\nRHB\n\n\nHSBC\n\n\nAmbank & Ambank Islamic\n\n\nAffin Bank & Affin Islamic\n\n\nUOB\n\n\nCitibank\n\n\nStandard Chartered Bank & Standard Chartered Saadiq\n\n\nAlliance Bank\n\n\nHong Leong Bank & Hong Leong Islamic\n\n\n\n\nWhat would my housing loan/financing monthly payment look like after the 6 months deferment period?\n \n\n\nBNM\u2019s illustration of a conventional housing loan is based on these assumptions:\n\n\n\n\nNo extension of tenure after the deferment period\n\n\nLoan amount \u2013 RM300,000\n\n\n\u00a0Interest rate \u2013 4.6% p.a. (interest not compounded during deferment period)\n\n\nOriginal tenure \u2013 35 years, and borrower has repaid for 5 years\n\n\nPrincipal and interest payments suspended during the deferment period\n\n\nOutstanding principal before deferment period \u2013 RM280,585\n\n\nOutstanding amount post-deferment to be repaid within 29.5 years = RM287,038\n\n\n\n\nMonthly instalment before deferment RM1,438\n\n\nMonthly instalment after deferment\u00a0 RM1,483 (RM45 increase)\n\n\nBy now, you would have seen a message via SMS or an email to you regarding the automatic opt-in. If you don\u2019t it\u2019s advisable to reach out to your FI\u2019s to seek clarity.\n\n\nWith regards to Mortgage, loans/financing under progressive release (for example; properties under construction) is eligible for the automatic moratorium. Yes, it\u2019s extended to loans/financing under progressive release, where monthly progressive interest will be accumulated during the moratorium period. However, progressive interest/profit due on 31st March 2020 must be settled and will not be accumulated.\n\n\nIf you have more questions in details on how the deferment/moratorium works for other Financial vehicles, you may visit your respective bank sites (linked above) or to \nBNM\u2019s website here\n or check out their \nFAQ (Updated 30 March 2020)\n\n\nWe wish all Malaysians to #staysafe, #stayhome and save money during the MCO lockdown. We hope that the situation clears up soon so everyone can go back to their normal lives. We thank you for all those who followed the MCO procedures set.\n\n\n\n\nShould you be considering a home purchase soon, you may read our other articles below and visit bumbung.co for the best selection of homes in the secondary / sub-sale market. Our aim is to provide the best experience for our buyers and sellers while having the most complete set of properties for your choosing.\n\n\n\u00a0\n\n\nWhy buying a secondary market / second-hand home is a good idea?\n\n\n\n\nHow to buy your first property in KL\n\n\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nFinance\nMarket News\n \n\n\n\n\nTagged\n\n\naffin bank\nalliance bank\nambank\nbank negara\ncimb\ncitibank\nhome loans\nhongleong bank\nhsbc\nmaybank\nmoratorium\nocbc\nreal estate\nreal estate investments\nrhb\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nRights & Responsibilities as a Tenant + Must Do's\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nReal Estate Fraternity Remain Resilient to \u2018ride-out\u2019 this Covid-19 Economic Fallout?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/03/real-estate-fraternity-remain-resilient-to-ride-out-this-covid-19-economic-fallout/", "title": "Real Estate Fraternity Remain Resilient to \u2018ride-out\u2019 this Covid-19 Economic Fallout?", "body": "\n\nIf \u2018MakCik Kiah\u2019 sounds like a friend of yours, let them know to be self prepared. Real Estate Fraternity need to be resilent in times to come.\n\n\nAt the offset i confess that even though many in the real estate fraternity is privileged to\u00a0share a \u2018MakCik Kiah\u2019 income level; likely not many of us is able relate exactly. This post\u00a0intends to serve as reminder to \u2018stay hungry\u2019 & \u2018brace yourself\u2019.\n\n\nTime is of the essence in this all-out-war against Coronavirus, and on last Friday (27\u00a0March) Prime Minister Tan Sri Muhyiddin Yassin introduced a 2020 economic stimulus\u00a0package that shines a light on those who resembles the persona of \u2018MakCik Kiah\u2019. Is the\u00a0initiative really enough for us to \u2018ride-out\u2019 this Covid-19 Economic Fall out? Assuming\u00a0that it will take about 3-6 months after the flatten curve of infection rate.\n\n\nFirstly, we cannot help but to wonder if our government has put enough juice into the\u00a0economic stimulus to outlast the Coronavirus Pandemic period. Assuming if there\u2019s still\u00a0no cure and we may not have the right execution to curb the virus, are we able to dig\u00a0further into our reserves to stimulate growth or this \u2018MakCik Kiah\u2019 analogy is all there is\u00a0for all Rakyat to fall back on? Truth is that even though we are touted to recover from the\u00a0Coronavirus Pandemic by June 2020, the same don\u2019t apply for economic theories. Many\u00a0of us should be aware that we need approximately 9-months for markets to recover.\n\n\nAlso there is just a lack in multiplier effect apart from the direct spendings that we would\u00a0have to spend anyway in any economic conditions.\n\n\nSecondly, let us dive into this widely popular #MakCik Kiah analogy for those who are in\u00a0the real estate fraternity. Assuming that John fit the analogy but instead of selling Pisang\u00a0Goreng that nets around RM1,500 a month.\n\n\nJohn is in the real estate fraternity that\u00a0earns a gross income of approximately RM4,000 per month but fluctuates periodically. In\u00a0the last economic slowdown which we thought it had bottomed out, earning RM4,000\u00a0wasn\u2019t easy.\n\n\nUnfortunately John is self-employed and a contract for service professional that risked a\u00a0fixed pay lifestyle to participate in Malaysia\u2019s real estate market hoping to earn a better\u00a0living standard for himself. But being in the real estate fraternity has already ruled him out from the RM 1,800 Prihatin\u00a0Package;\n\n\n1. BSH Balance of RM600\n\n2. Pension Aid of RM 500\n\n3. E-Hailing Cash of RM 500\n\n4. Rela Aid of RM 200\n\n\nIt is great that this package allow John to defer his fixed repayment up to 6-month.\u00a0Therefore extending John\u2019s loan maturity date for another 6-month. With the entitlement for RM500 in M40 Bantuan Prihatin as a single. That is payable by 2 trenches April & May. Preached amongst the real estate fraternity is an eye of the tiger mindset, John stayed strong.\n\n\nHowever lets have a look at John\u2019s Coronavirus expense briefly.\n\n\n1. John owned a 1.3L G-Manual version of the brand new Perodua Myvi 2018, which\u00a0has a price tag of RM44,300 and on a 90% loan John is responsible for a RM767.50\u00a0loan repayment a month.\n\n\n\n\n2. John is fortunate to be able to spot an excellent apartment back then for RM350,000\u00a0and on a 90% loan John is responsible for RM1,394 loan repayment a month.\n\n\n\n\n3. John is careful and subscribes to a Medical Card (Insurance) for protection. In case if\u00a0any accidents were to happen he is taken care of with RM100 monthly premium.\n\n\n\n\n4. John has got a credit card debt of RM500, accumulated from his credit card which\u00a0promised petrol rebate at Shell, BP & occasional Japanese restaurants.\n\n\n\n\nJohn thought that since he was able to defer RM2,261.50 GREAT!\n\n\nTo be able to defer all above to 6-month, John only needs to worry about his credit card\u00a0liabilities.\u00a0Assuming that John was lucky to have earn RM4,000 during march prior to MCO. In\u00a0April with government\u2019s Bantuan Prihatin Package of RM250 & 50% savings John now\u00a0have a budget of RM2,250 to get him through. Because April Sales paycheck is gone by\u00a0now. Fair enough?\n\n\nNow John next 50% sav\nings of RM2,250 with Bantuan is crucial for May. It leaves John\u00a0with no option but to make it or break it during May 2020\u2026\n\n\nLittle did John know, MCO is over and he failed to generate a May paycheck and forced\u00a0to dip into the remaining reserve of RM2,500.\n\n\nJohn start falling short and start scrambles with his remaining savings of RM2,500 with\u00a0May\u2019s Bantuan Prihatin Package. Loan deferment is still in play. Eye of the tiger\u00a0mentality, John is hopeful of the situation, but credit card interest is accumulating. When\u00a0will it be sunshine and rainbow?\n\n\nBecause in June, it will be John\u2019s end-game in terms of contingency plan. What should\u00a0be John\u2019s next move? Will the economy fire-up now after RM250bn stimulus plan? Or\u00a0perhaps Government will consider relooking into a \u2018KisahJohn\u2019 analogy for the real estate fraternity?\n\n\nAccepting the fact that John had to live hungry during June, he is already exposing\u00a0himself in an uncomfortable position for the subsequent months. All this while the\u00a0RM250bn stimulus is in play.\n\n\nWith a flick of a switch John realised that in order to \u2018ride-out\u2019 this economic fallout, he\u00a0needs a refreshed mindset. To be wise in spending, keep business account on a\u00a0separate tab, be really frugal, working harder and smarter after MCO period is lifted.\n\n\nJohn keeps his eye on the goal all the way through, he learnt that he needs to reinvent\u00a0himself in order to continue closing deals in the real estate fraternity.\n\n\nLooking ahead after the situation has cleared, John would remember the measures he\u00a0took at this time to SHIFT into the right gears. Also there is absolutely nothing stopping\u00a0John with his tiger eyes and anew mindset.\n\n\nJohn start seeing sunshine and rainbows after immediately diving into learning and\u00a0grasping new skill sets and techniques to generate sales digitally in 2020.\n\n\nJohn with a great self-reliance forged ahead anyway.\n\n\nWarmest Regards\n\nAnonymous John\n\nBumbung.co\u2019s Local Expert\n\n#Stayathome #dudukrumah\n\n#KisahJohn #Bumbung&John\n\n\nIf you\u2019d like to know more about the team behind Bumbung, drop us a message below or email founders@bumbung.co with your questions.\n\n\nBumbung.co Team (Picture taken in Nov 2019)\n\n\n\n\nWe recently wrote a piece about the BNM\u2019s 6-month loan deferment, smash the picture to read more;\n\n\nBNM\u2019s 6 month\u2019s deferment / moratorium: A solution or conundrum?\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nAgent's Guideline\nInside Bumbung\nLifestyle\n \n\n\n\n\nTagged\n\n\n#Bumbung #RealEstateAgent\n#KisahJohn\n#propertyagents\n#Realtorlife\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nHow can Home Owners benefit from BNM\u2019s 6-month loan deferment?\u2029\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nCommercial Properties & Luxury Developers have worst outlook post-MCO lockdown according to Agent Market Sentiment\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/07/commercial-properties-luxury-developers-have-worst-outlook-post-mco-lockdown-according-to-agent-market-sentiment/", "title": "Commercial Properties & Luxury Developers have worst outlook post-MCO lockdown according to Agent Market Sentiment", "body": "\n\nA Market Sentiment survey by Agents found that Secondary Market (Subsales) and Rental are expected to pick up the most growth post-COVID19 lockdown\n\n\nUncertain times ahead for the property sector\n\n\nKUALA LUMPUR: Real Estate Agents and Real Estate Negotiators (REN\u2019s) are bracing themselves for a slowdown, especially among those who are concentrating their efforts on Commercial Real Estate and luxury project sales. A recent market sentiment survey by therooftalks.com, a real estate news and lifestyle weblog was conducted among the active local Real Estate Agents and REN professionals to evaluate the impact of COVID-19 towards their respective markets. From the findings, it looks like the winners and losers are clear with optimistic Agents and RENs sharing that there will be a bullrun in transactions post-MCO for buyers who are looking to pick up good deals from homeowners who are looking to consolidate their assets, especially those who are in the commercial sector with little holding power.\u00a0\n\n\nListening to the man on the street\n\n\n\n\nWith Agents being in close relations with their clients; buyers and sellers, they\u2019re aware of what\u2019s going on, and if there\u2019s any doubts and concerns about proceeding with ongoing transactions with their clients. The Agents who responded to our survey mostly represent the Residential Secondary Sales (Subsales) composition cluster (35.2%), Residential Rentals (24.1%) and Commercial Sales/Rental (14.8%).\u00a0\n\n\nWith the central bank, Bank Negara Malaysia (BNM) recently reporting growth in 2019 in the residential sector, it explains that 83% of transactions that are accounted for in 2019 is valued below RM500,000.\u00a0\n\n\nSofter Overall Market impacts morale\n\n\n\n\nIn BNM\u2019s recent Annual Report, they expect housing transactions to continue with a downtrend, as the unemployment rate is also expected to rise up to 4%, in line with the findings as collected from the Agents. However, there is a cluster of Agents who believes that more transactions will take place in light of the COVID-19 situation, where homeowners or investors who do not have the holding power would need to sell it fast to accumulate their assets to tank into the 2nd half of 2020.\n\n\nShifting Gears to find new Gold\n\n\n\n\nAs unsold properties and new projects saw a sales growth in 2018-2019, it was largely because of the government, developers and BNM\u2019s effort over the Home Ownership Campaign (HOC) that allowed waivers on transaction/stamping fees that saved buyers a lot of money. With the start of 2020 taking on a pandemic, the market is once again left open to the onslaught of sentiments to dictate if it goes up or down. \n\n\nJust by looking at the above bar chart, we can see that many Agents are leaning towards a stronger growth on the Subsale market than the other property markets. There\u2019s still a good number of Agents who believe that New Project sales that are rightfully priced and the rental market will pick up in numbers as shown in the Agent market sentiment survey results.\n\n\n\n\nDiving deeper into the winner and losers post COVID19 property market sentiment, the Agents and RENs expects to see a cut in growth or a significant downtrend. About 48.1% of Agents and RENs feels that Offices, Shop lots and Commercial Real Estate would be significantly impacted by the COVID19 onslaught, as it would affect overall sales transactions and rental returns especially for businesses that were impacted by it. The rest of the 51.9% is almost equally spread in terms of Impact towards the other respective markets, with a note that the Luxury market may have more impact and that the Subsales market may have the lowest negative impact from post COVID19 MCO. \n\n\n\n\nFrom the pie chart above, we can see that slightly more than half of the Agents and RENs are likely to remain their position even despite the likelihood of a MCO extension in lieu of the worsening COVID19 situation. A third of them (33.3%) may be out of work and unemployed due to the harsher conditions, as we know that almost all Agents in Malaysia are on a contractual basis. Our Market Sentiment survey findings show that they\u2019re very likely and quite likely to change their line of work (if at all successful to transition into a new role).\n\n\nThough this survey doesn\u2019t necessarily represent all the Agents from the industry, it\u2019s a safe presumption that from an early look at it, it\u2019s an indicator for a recession.\u00a0\n\n\nIt\u2019s not all devastating news, there\u2019s a light at the end of the tunnel\n\n\n\n\nWe looked back at what the numbers were like since the last global economic downturn, especially what happened since the 2008 market crash. We saw large movements in the real estate industry 2 years after as the economy picked up. A look back into 2010-2013, Malaysia recorded an increased number of transactions and property transaction prices.\u00a0\n\n\nAccording to The Star report, it said that over a 20-year cycle, property prices have moved up by as much as 45% on a national basis after an economic crisis but dropped by a fifth in each recession.\n\n\nAdding on from the report, \u201cIn the 1986 recession, prices dropped 20% over a two-year period but during a seven-year upturn, prices went up 45%. During the 1997/98 Asian financial crisis, prices went down 20% but rose by much as 45% after that for another seven years or so. \nBetween 2008 and 2010, the market was down by another 20% but from 2009/2010 onwards, it has been rising. It is still rising today. But salaries have not risen in tandem.\u201d\n\n\nIf it works out as expected, brighter days are ahead of us after the storm. Our advise to all real estate professionals on what to do during the COVID19 situation is to hang on tight and ride it out.\u00a0\n\n\n\nThe Star Report source:\n https://www.thestar.com.my/business/business-news/2014/07/16/measures-hamper-speculators-number-of-transactions-down-but-prices-on-uptrend\n\n\n____\n\n\nTheRooftalks.com \nis a lifestyle and property blog to get the latest news and coverage about the property scene in Malaysia.\u00a0\n\n\nIf you\u2019re looking for the best picks of subsale homes by trusted Agents in the Klang Valley, visit \nbumbung.co\n to look for the best homes in TTDI, Bangsar, Bandar Utama, Ara Damansara, Damansara Uptown, Saujana, Tropicana and Petaling Jaya.\n\n\nIf you haven\u2019t read our previous article about \n\u201cJohn, the Agent \u2013 If Mak Cik Kiah was a realtor\u201d\n to see what help can you get during this difficult time. Head on here to read the full story: \nhttp://therooftalks.com/2020/04/03/real-estate-fraternity-remain-resilient-to-ride-out-this-covid-19-economic-fallout/\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nAgent's Guideline\nMarket News\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nReal Estate Fraternity Remain Resilient to \u2018ride-out\u2019 this Covid-19 Economic Fallout?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nSME Stimulus Package in Malaysia, a Knee-Jerk Reaction?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There is \n1\n comment \n\n\nAdd yours\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKelly Matchoffice\n \non 22 May, 2020 at 17:15 \n\n\n\n\nReply\n \n\n\n\n\n\n\nI don\u2019t think the consequences will be severe \u2013 it is hard to predict. Maybe prices will rise up to the sky and maybe they will drop down. Interest rate in real estate dropped drastically the other month but for now as may be seen it is starting to grow gradually to the previous levels (as before the Coronavirus).\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPost a new comment \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/09/malaysia-sme-stimulus-package-a-knee-jerk-reaction/", "title": "SME Stimulus Package in Malaysia, a Knee-Jerk Reaction?", "body": "\n\nMalaysia\u2019s Prime Minister Tan Sri Muhyiddin Yassin recently announced an enhanced SME Stimulus Package of RM 10 billion for small and medium enterprises (SMEs) to weather the storm caused by the Coronavirus Pandemic.\n\n\nRM260Bil Stimulus Package Breakdown\n\n\nBreakdown of Malaysia\u2019s 260 billion SME Stimulus Package\n\n\nSource: Prime Minister Text Speech, NST & CIMB\n\n\nAn overview on the latest SME Stimulus Package :\n\n\n\n\n Larger provision for wage subsidies.\u00a0\n\n\n\n\n\n\n\n\n Micro Business Grant of RM 2.1 billion to be awarded to over 700,000 businesses.\u00a0\n\n\n\n\n\n\n\n\n To reduce existing 2% interest rate to 0% under the Micro Credit Scheme provided by Bank Simpanan Nasional (BSN) and also extend to TEKUN national with a maximum loan limit of RM 10,000. All applicants is limited to one selection only.\u00a0\n\n\n\n\n\n\n\n\n Leases & Tenancies under Government-Linked Companies (GLCs), are eligible to apply for waiver or discounts.\u00a0\n\n\n\n\n\n\n\n\n A reduction in foreign worker levy by 25% for work permits due to expire by 1st of April to 31st December 2020.\u00a0\n\n\n\n\n\n\nIs my business entitled for wage subsidy?\n\n\nUnder the latest wage subsidy program it is now totalled RM13.8 billion instead of RM5.9 billion that was announced over 27th march. \nThis applies to all companies with local employees earning a monthly salary of RM4,000 and below.\u00a0\n\n\nFor business under the below mentioned categories, the entitlement cover over a span of 3 months :\u00a0\n\n\n\n\n\n\n\n\nSMEs scale\n\n\nMicro\n\n\nMid-Size\n\n\nLarge\n\n\n\n\n\n\nDefinition\n\n\n< 75 Employees\n\n\n< 76-200 employees\n\n\n201 employees and above\n\n\n\n\n\n\nEntitlement\n\n\n\u00a0RM1,200 per employee\n\n\nRM800 per employee\n\n\nRM600 per employee\n\n\n\n\n\n\n\n\nBut in order to be entitled for the above programme;\n\n\n\n\n Your business must be registered before 1st of January 2020;\n\n\nBusiness owners must contribute PERKESO for each employee entitled for wage subsidies programme;\u00a0\n\n\nAll business must experience a 50% decline in sales except for micro SME;\n\n\nMandatory to be registered with Companies Commissions of Malaysia (SSM) before 1st January 2020;\n\n\n Applies to local employees with \nRM4,000 salaries and below only.\n\n\nEntity enrolled in the programme are not allow to retrench employees within the next 6 months.\n\n\n\n\nRegistration is open for application on \nprihatin.perkeso.gov.my\n from 9th April 2020.\n\n\n\n\nGiving recognition to the SME Stimulus where it is due\u00a0\n\n\nTo begin with, loan moratorium is perhaps the game-changer for many small to medium enterprise (SMEs). Through an extension of loan maturity date, this allows relevant stakeholders to recoup their cash flow and prepare ahead.\n\n\nAdditionally, with the package many small to medium enterprises (SMEs) will enjoy immediate savings in payroll deductions, with some form of right-sizing, businesses may have a higher rate of survival as a whole.\n\n\nNeedless to say Micro-SME seems to be the largest beneficiary from the package. Businesses who are entitled will be eligible for a grant of RM3,000 and credit scheme of RM10,000 at no interest. For Micro-SME this is an appropriate measure to stimulate aggregate demand.\u00a0\n\n\nEven though national reserve is running low, is a blanket consideration for all businesses that experience a decline in sales over 50%, fair to all small to medium enterprises (SMEs)?\n\n\n\n\nIs this the end? Or what is next?\n\n\nFrom my point of view, this SME Stimulus Package is unlikely to help small to medium enterprises (SMEs) to weather through the Post-Pandemic storm. Being mindful that the majority of the global economy is brought to a halt, there is just no place for short-sighted moves to shine.\n\n\n\n\n Back in The Great Depression, it began in 1929 and lasted until 1939.\u00a0\n\n\n Meanwhile, The Great Recession in the US started in December 2007 and lasted until June 2009.\u00a0\n\n\n\n\nAlthough, the sheer size of the above mentioned statistic GDP dwarf the kind Malaysia holds. But policy of such scale should be long-term and not limited to during and post MCO period.\u00a0\n\n\nAlso back in 2009, our fiscal deficit stood at 6.7% of our Gross Domestic Product (GDP). However in an interview with Bernama, our finance minister Tengku Datuk Seri Zhafarul Tengku Abdul Aziz is assuming a stretch of only 4%.\n\n\nBeing optimistic should be a layman\u2019s duty.\n\n\n\n\nThe Final Say\n\n\nFrankly, Malaysia government is trying to create the best multiplier effect through this fiscal policy (optimism inserted here). However just like all other taxpayers in Malaysia, we cannot help but wonder if the government has tried hard enough to maintain peoples confidence while undertaking such a large scale spending in the economy.\u00a0\n\n\nAlso, at times like this effective automatic stabilisers in the economy such as Employee Insurance System (EIS) should be prioritised as it will serve as an effective measure in future.\u00a0\n\n\nEven though tax cuts and rebates has not been a widely supported measure in this fiscal policy. Studies\n\u00a0have shown that if targeted at the lower income household it will be more likely to reflect on aggregate demand especially true for M40 & B40 group. Tax cut can also come in form of property related taxes such as Quit Rent & Assessment Rates.\u00a0\n\n\nLastly, to those who are not entitled for the SME Stimulus Package. Brace yourself. Unfortunately you are on your own on this one and you should look into leaner approach to operate your business.\n\n\n\n\nPerhaps when push comes to shove, for the survivability of our people we will thrive.\u00a0\n\n\nI keep my fingers crossed, i hope you do too.\n\n\n\n\nTheRooftalks.com\n is a lifestyle and property blog to get the latest news and coverage about the property scene in Malaysia.\n\n\n\n\nIf you are keen to find out more about the team behind \nBumbung.co\n, drop us a message below or email founders@bumbung.co with your questions.\n\n\nBumbung.co Team (Picture taken in Nov 2019)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nFinance\nMarket News\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nCommercial Properties & Luxury Developers have worst outlook post-MCO lockdown according to Agent Market Sentiment\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nShould you buy a home now, post-MCO or wait after COVID19?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/15/should-you-buy-a-home-now-post-mco-or-wait-after-covid19/", "title": "Should you buy a home now, post-MCO or wait after COVID19?", "body": "\n\nBuy now or wait?\u00a0\n\n\nIn the past few weeks, our team and Agents at Bumbung have been asked by friends and clients if they should continue to buy their home now (right after MCO) or wait until the market further drops? Seeing that many buyers and sellers are worried about transacting now, which puts us in the question of asking if the market has come to a complete halt or slowed down in a huge way?\n\n\nThe TLDR answer to this is yes, you should buy a home now- if you can afford it, but it depends on what you\u2019re buying. You should know that buying a home/property should fit your purpose whether be it for own stay or for investment. Read on to find out how you can benefit the most during these recessionary times and what lies ahead after MCO and COVID 19.\n\n\nAll about timing\n\n\nBuying a property especially for investors, they know that timing is everything. For long term investors and short-medium term investors, buying a home now during this period may be interesting for you especially if have the financial means. The results from the past economical impact show us fascinating trends that made a lot of people very rich during similar recessional times with a similar pandemic/virus outbreak.\n\n\n\n\nData sourced from \nhttp://napic.jpph.gov.my/portal\n\n\n\n\nIn the 1990s, we\u2019ve seen how the Asian Financial Crisis and the Nipah virus have caused the massive drop that you see between 1997-1998 period that affected the market trends. As a result, people were afraid to spend as there were a lot of uncertainties, some even had to let go of their real estate assets at a weaker price to consolidate funds. If you look closely at both charts, there\u2019s a silver lining here.\u00a0\n\n\nThe 1998 crash has reversed property prices back by a few years to 1993-1994 prices. \nThe truth is whether you may agree with it or disagree, the fear and climate have set the perfect window of opportunity for investors to swoop in and fiercely negotiate a better deal. This is where we believe it would be one of the most important points to decide if you\u2019re able to ride the opportunity post COVID19. As the famous Warren Buffet investment saying goes;\n\n\n\n\n\u201c\nWidespread fear is your friend\n as an investor because it serves up \nbargain\n purchases.\u201d\n\n\n\n\n\u201cWe should be \nfearful\n when others are greedy and be \ngreedy\n only when others are fearful.\u201d\n\n\n\u00a0 \u00a0 \u00a0 \u00a0 \u2013 Warren Buffet\n\n\n\n\nLowered Bank Rates\n\n\nThe current pandemic has set a massive opportunity for buyers; Bank Negara Malaysia (BNM) has lowered their Overnight Policy Rates (OPRs) allowing lenders to adjust their rates and tariffs, making room for lower interest rates borrowing that serves as a major catalyst for buyers to borrow more while keeping repayments lower than it was.\n\n\nRead about \nBNM\u2019s announcement here regarding the OPR change\n\n\nSo, we are looking to buy a home now, but which one?\n\n\nAnother interesting debate that goes on for buyers, as advised to our friends and clients, I sincerely believe that there may be gold on either side of the pot, in this scenario, how much gold would your property be worth over a period of time post COVID19? \n\n\n\u00a0\n\n\nThis being said, if you\u2019re buying-to-stay, then you should prioritise convenience and accessibility while considering what the place has to offer. If you\u2019re looking at a short-mid term exit or if you plan to keep the property for long term, making clear of your financial goals as a short-mid term investor or long term would help you decide better. Once you\u2019re certain, let\u2019s look at both New Projects and Subsale Properties to help you decide on what to buy after COVID 19.\n\n\n\u00a0\n\n\nNew Projects (Primary Market)\n\n\nIf you\u2019re thinking of buying a new home now (Sell-then-build), many developers are desperately marketing their latest concepts, so you\u2019re in the best position to be selective. Selecting the right property highly depends on a good developer with a sound record, in an area that they are familiar with, building products that compliments one another, that organically brings in good foot traffic, and if the end product would be delivered with the quality and fittings they promised. \n\n\nRead more:\u00a0\nNew vs Old homes \u2013 Decide which to buy\n\n\n\n\nAfter checking through all of those items, of course, the main things like the location and price would matter a lot, because it ties back to your Rental yields. And as far as rental yields go, new projects, which are often condominiums or mixed developments, would come with hundreds or if not thousands of other owners who will be competing with you once you have received vacant possession. A rush to get the first few good tenants may drive the rental yield down further, and to wait for new tenants may take months, if not, slightly longer than a year. Making this not a viable choice for investors who are looking for short-mid term holding.\n\n\nThe long term strategy is to select a place that you know would have a high potential for foot traffic or a building/area of interest, school/university, office centres or a mall nearby. Places with this strategic organic mix of the community will increase in its value over time as people would always value convenience when it comes to projects.\n\n\nOur recommendation is that if you\u2019re unsure of the potential of new projects, and that you\u2019re making this your main investment vehicle, it\u2019s best to hold off first unless you\u2019re absolutely sure or if there are some special features that would pre-determined its demand, eg. the only condo apartment with a golf course access, or a confirmed development of a new university building in the next town. Our advice is to buy your home within an area that you are already familiar with to be safe.\n\n\nSubsale (Secondary Market)\n\n\nBuying a Subsale (existing home) in a matured neighbourhood would make a better house purchase choice for the post-MCO COVID19 market.\u00a0\n\n\n\n\nThere\u2019re a few reasons for this conclusion. When you buy a Subsale home:\n\n\n\n\nThese neighbourhoods are working efficiently, where demand is healthy. Meaning there are always transactions as people are upgrading from a smaller home, downsizing from a bigger home, or holding on for investment.\n\n\nSubsale homes make better, stable Rental yield as you can control the prices in the area especially when supply is limited.\n\n\nWe are predicting a small slide in prices (10-15% change) as we expect more Owners to enter the market as Sellers. Their needs and priorities would have changed especially if jobs were affected amidst COVID19 recession.\u00a0\n\n\nUnfortunately, those who have succumbed to the Coronavirus would have their wealth passed on to the next of kin, and without any inheritance tax, the property may be put on the market and would like to be sold quick especially if there are more than a few recipients.\n\n\n\n\nApart from the reasons above, the Subsale market would make complete sense for those who have money and are looking for a short-term 4-5 years\\ investment play and also for their own stay.\n\n\nThese secondary houses come in all shapes and sizes, with extensions built-in together with bells and whistles or as basic as it gets. The latter being the more appealing factor for the 4-5 year investment play as many see it as an adventurous project to make it work for them as either a BnB (Bed and Breakfast \u2013 short stay), flipping the house or for own stay.\n\n\nOf course, this requires a further influx of cash injection for the renovations and interior works, but with the mortgage and loan refinancing options becoming more appealing to borrowers, this may work out as a viable option. As the market tries to recover back to where it last was in the next few years, your property would\u2019ve already made a good chunk of cash plus change, thanks to better margins when you bought it at a dilapidated state.\n\n\n_____\n\n\nTheRooftalks.com\n is a media arm of Bumbung, covering all the local news in the property space and so much more.\n\n\nIf you are in the market to buy or sell a home, you may check out \nbumbung.co\n to find the finest real estate collection in the Klang Valley, we cover areas such as Tropicana, Ara Damansara, TTDI, Damansara Utama, Petaling Jaya, Bangsar, Bandar Utama and Subang Jaya.\n\n\n\n\n\n\n\n\nNAPIC\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nCity Living\nMarket News\n \n\n\n\n\nTagged\n\n\nasian financial crisis\nbuy a home now or wait\nbuyers\ncoronavirus\ncovid19\nhome purchase\ninvestment\nmarket drop\nnapic\npandemic\nreal estate\nrecession\nsellers\nwarren buffet\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nSME Stimulus Package in Malaysia, a Knee-Jerk Reaction?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nNew Billionaire Rankings - Who Was Hit The Hardest When COVID-19 Pandemic Halted The Stock Market?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/17/new-billionaire-rankings-who-was-hit-the-hardest-when-covid-19-pandemic-halted-the-stock-market/", "title": "New Billionaire Rankings \u2013 Who Was Hit The Hardest When COVID-19 Pandemic Halted The Stock Market?", "body": "\n\nMany of the billionaires that we see and know of today have made their riches from opening successful businesses, whether fortune 500 companies or tech conglomerates that originated from their home garage. We know that the COVID-19 pandemic has hit everyone from all walks of life, but in the case here, we will take a closer look into whose ranking has been affected since the widespread of the virus.\n\n\nUnlike the scene in the US, where it\u2019s home to most of the publicly listed billionaires, we had a look at some high net worth profiles here on our shores.\n\n\n\u201cWidespread fear is your friend as an investor because it serves up bargain purchases.\u201d \u2013 Warren Buffet\n\n\nCovid-19 took the world\u00a0by surprise. It happens so fast and we were not prepared for it. Like a tornado that hit the Mississippi, swept out the infrastructure, people and all the things in the way, Covid-19 also did the same except on the bigger scale: 7 billion people.\n\n\nForbes (\nReal-Time Billionaires\n) announced the list of billionaires for the year of 2020. With a prediction of US$700 billion depreciation, 51% of this year billionaires actually became poorer overnight.\n\n\nThis year\u2019s public billionaire list recorded a total of 2,095 individuals with a total net worth of US$8 trillion. Compared to the last year\u2019s, the number of billionaires recorded was 2,153 individuals. Out of all of them, we learned that 12 of them are Malaysians.\n\n\nThe pandemic had caused 53 people to lose the Billionaire title. One of them is a Malaysian tycoon himself, Tan Sri Syed Al Bukhary.\n\n\nTan Sri Syed Mokhtar Al Bukhary fell out of the billionaire list this year.\n\n\nHe runs The Albukhary Group of Companies, which is a diversified business group consisting of DRB-HICOM, MMC and Tradewinds Plantation. A big drop of his fortunes, last year he ranked 1,349th with a net worth of US$1.7 billion. He fell out of the billionaire list this year.\n\n\nA look at the 2020 Malaysian Billionaire list while in the pandemic\n\n\n1. Tan Sri Robert Kuok\n\n\n\n\nLeading the chart is Tan Sri Robert Kuok\n\n\nTan Sri Robert Kuok\n leading the chart, still ranked the highest among other Malaysian billionaires. However, his market fortune was showing a lower valuation to US$10.1 billion this year, still his global ranking would place him at 141st place as compared to last year, where he was ranked 104th with a net worth of US$12.8 billion.\n\n\nRobert Kuok famously recognized as a Sugar King of Asia. He has a diversified source of wealth. His business interests range from sugarcane plantations, sugar refineries, flour milling, animal feed, oil, mining, finance, hotels, properties, trading, freight, and publishing.\n\n\n2. Tan Sri Quek Leng Chan\n\n\n\n\nMalaysian Billionaire 2020 Tan Sri Quek Leng Chan\n\n\nNext in place is Hong Leong Group\u2019s \nTan Sri Quek Leng Chan\n. His fate is quite different as he climbed two places to the 147th spot in the list, from 149th in 2019. However, his net worth came in slightly lower at US$9.3 billion, versus US$9.4 billion last year. Quek Leng Chan is the executive chairman of a privately held conglomerate,\u00a0 Hong Leong Co. (Malaysia), which has businesses in financial space, property, and food.\n\n\n3.\u00a0Tan Sri Ananda Krishnan\n\n\n\n\nMalaysian Billionaires 2020 Tan Sri Ananda Krishnan\n\n\nTelecommunication tycoon \nTan Sri Ananda Krishnan\n, is the single largest shareholder in Maxis\nBhd and Astro Malaysia Holdings Bhd. Globally, his ranking fell to 361 from 261 last year, with a total net worth of US$4.7 billion (his current position puts him at US$5.2 billion) versus US$6.2 billion in 2019.\n\n\n4. Tan Sri Dr Chen Lip Keong\n\n\n\n\nMalaysian Billionaire 2020 Malaysian Billionaire 2020 Tan Sri Dr Chen Lip Keong \n(Img Source: TheEdge)\n\n\nA large Malaysian Casino mogul, \nTan Sri Dr Chen Lip Keong\n is the a chief executive and majority shareholder of NagaCorp, a casino-resort complex in the capital Phnom Penh that boasts 1,700 guest rooms, 600 gaming tables, and more than 5,000 gaming machines. His current rank has moved behind to 437th place, with a total net worth of US$4.1 billion. His 2019 ranking puts him at 355th with a net worth of US$5 billion last year.\n\n\nRead also:\u00a0\nShould you buy a home now, post-MCO or wait after COVID19?\n\n\n5. Tan Sri Teh Hong Piow\n\n\n\n\nMalaysian Billionaire 2020 Tan Sri Teh Hong Piow\n\n\nNo stranger to the banking industry and ranked in at sixth is \nTan Sri Teh Hong Piow\n, founder and the Chairman of Public Bank Berhad in Malaysia. Recently joined the ranks of a Nonagenarian,\u00a0 his currently net worth has increased to US$4.2 billion, ranking him at 482nd place of his previously US$3.5 billion worth, ranked 538th place globally.\n\n\n6. Mr Lee Yeow Chor and Mr. Lee Yeow Sen\n\n\nNext in the ranks are brothers from IOI Group. \nMr Lee Yeow Chor and Mr. Lee Yeow Seng\n. As both of them inherited the reigns left behind by the late Lee Shin Cheng, who passed away recently in June 2019. IOI Group is a conglomerate that holds stakes in the palm oil and real estate business which was established by their late father. The brothers have currently moved up in the ranking from 514th place with a net worth of US$3.6 billion, to 523rd place with a net worth of US$4 billion.\n\n\n7. Mr Kuan Kam Hon & Family\n\n\nMr \nKuan Kam Hon & family\n run Hartalega Holdings, one of the world\u2019s largest producers of nitrile rubber, and since the Coronavirus his company has been doing exceptionally well and increased their current net worth to US$3.3 billion now, from previously estimated by Forbes to be US$2.6 billion.\n\n\n8.\u00a0Tan Sri Lim Kok Thay\n\n\nTan Sri Lim Kok Thay\n comes in 9th place with net worth US$2.3 billion, a turnout of 11% higher than previously estimated by Forbes at US$2bil. He is currently the Chairman and board executive of Genting Group, a casino, resorts and palm oil conglomerate.\n\n\n9.\u00a0Tan Sri Lau Cho Kun\n\n\nRanked in 10th place is \nTan Sri Lau Cho Kun\n, his net worth was at US$2.3 billion as of early \nMarch 2020\n, his net worth has since dropped to a current of US$1.7 billion. He has interests in several companies listed on Bursa Malaysia, led by Hap Seng Consolidated Bhd.\n\n\n10. Tan Sri Dr Lim Wee Chai\n\n\n\n\nMalaysian Billionaire 2020 Tan Sri Dr Lim Wee Chai\n\n\nThe next billionaire on the list is \nTan Sri Dr Lim Wee Chai\n. His company, Top Glove, plays a huge role in fighting against the Covid-19 pandemic. He is the founder of Top Glove company and they control 26% of the world market for rubber gloves and the number is predicted to grow further. sure rose up due to demand and needs to control the infection. His current net worth today is at US$1.5 billion, surpassing the prior US$1.3 billion net worth valuation. Top Glove currently has 43 factory locations producing 70.5 billion gloves for the global market.\n\n\n11.\u00a0Tan Sri Paul Koon Poh Keong\n\n\nNext on the is \nTan Sri Paul Koon Poh Keong \nwith an updated net worth of US$1.7 billion. Poh Keong is the group CEO of aluminum company Press Metal, Southeast Asia\u2019s largest integrated aluminum producer. His net worth was previously estimated at US$1.3 bil early this year.\n\n\n12. Tan Sri Dr Jeffrey Cheah\n\n\nLastly, the billionaire who came in 12th place is Tan Sri Dr Jeffrey Cheah with a current net worth of US$1.2 billion. Jeffrey Cheah Fook Ling is the founder and current chairman of the Sunway Group, a Malaysian conglomerate operating in 12 industries with core businesses in property and construction. Forbes estimated his earlier net worth at US$1.1 billion.\n\n\n\u00a0\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nUncategorized\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nBumbung Team\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nShould you buy a home now, post-MCO or wait after COVID19?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nRise of E-commerce in Malaysia and their incredible demand for industrial warehousing real estate.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/22/rise-of-e-commerce-in-malaysia-and-their-incredible-demand-for-industrial-warehouse-real-estate/", "title": "Rise of E-commerce in Malaysia and their incredible demand for industrial warehousing real estate.", "body": "\n\nWarehousing needs and E-commerce shorter waiting times and growth are a reflective result of each other as it is a synonymous relationship. As E-commerce site Lazada hit the 1 million item sales mark within the first hour of its 11.11 Sale, with its first order being delivered as early as 1.20 am, according to Lazada, it took only 13 hours to surpass the previous year\u2019s 11.11 sales record, a staggering statistic that shows the relentless growth of e-commerce in Malaysia.\n\n\nMeanwhile, Shopee recorded three times more orders in the first hour of 11.11 compared to the same period of time last year. The country\u2019s second-largest online shopping platform sold 1 million items by 2 pm and its most popular categories included Home & Appliances, Groceries & Pets, Baby & Toys, and Mobile & Accessories.\n\n\n Lazada Warehouse at Subang Jaya. Photo by Allan Lee\n\n\nSo how are these record-breaking sales year after year being managed by the e-commerce giants in Malaysia? The simple answer is to design strategic supply-chain management apart from just finding strategic venues to house the millions of inventories.\u00a0\u00a0\u00a0\u00a0\n\n\nWe looked at Alibaba\u2019s and Amazon\u2019s playbook, the secret to growth and fast shipping was in the first and last mile, which meant that they needed to have huge warehousing space to pre-empt the orders to be ready for shipping partners when the orders are in. In Lazada\u2019s case, they took cues from their parent company, Alibaba and got directly involved with the shipping and warehousing operations itself, apart from just working with their partners to save on precious shipping times.\n\n\n\n\nCainiao, the logistics arm of Chinese e-commerce giant Alibaba, has announced the official launch of operations at its new smart warehouse in Huiyang, Guongdong province.\n\n\nIn 2017, Cainiao launched its first robotic smart warehouse in Guangdong, south China province and employs more than 700 robotic workers to fulfil orders. Their mission is to provide same-day delivery within China and up to 3 days of delivery for international orders.\n\n\nIt\u2019s quite a tall order, but looking at how synchronised the robotic warehouses can be, it can be made very efficient with its space to house more items and have less human interaction. Which is why in the near future, Cainiao is working with Malaysia Airport Holdings Berhad (MAHB) to develop a 60-acre plot of land for their first robotic warehouse extension outside of China under the Digital Free Trade Zone (DFTZ) initiative by the previous government, championed together with Patrick Grove of Catcha and Alibaba\u2019s Jack Ma.\n\n\nMalaysia is still behind Alibaba and Amazon in its effectiveness of e-commerce, we\u2019re slowly but surely we\u2019re moving to a more automated system as time goes on.\n\n\n\u00a0Lazada Warehouse at Subang Jaya . Photo by Mohd Izwan Mohd Nazam\n\n\nIn the mean-time, as we continue to see growth in e-commerce, let\u2019s look into what is needed for a warehouse setup. And why one cannot simply just rent or use an empty building and use it for warehousing purposes? \n\n\n\n\nEspecially if there is machinery involved, it is mandatory to make sure that the building has got it\u2019s CCC that is designated for its purpose. \n\n\nYou can read more about understanding what a CCC is and what\u2019s important about it here. \nhttps://asklegal.my/p/how-does-malaysia-ensure-that-its-buildings-are-safe-to-live-in\n\n\nWith regards to the industrial real estate market movement, in a recent interview with The Star, Real Estate company, Rahim & Co\u2019s CEO, Siva Shanker shared that \nthere are virtually no speculators within the industrial sector. As he feels confident that it\u2019s mainly because the sector is close to equilibrium. By that, he means that the demand and supply are as close, so the industry sector is seen to be resilient even as during these pandemic times.\n\n\nRahim & Co\u2019s CEO Siva Shanker expects the industrial sub-sector to see the quickest recovery post COVID19. Photo by Sam Fong.\n\n\nA quick look into iProperty and Property guru search, you\u2019ll find that the sizes and types are still largely fragmented, and hard to navigate to find what you\u2019re looking for. You will need to find a specialised Real Estate agent who is focused on Industrial Properties and is able to find the type of property that will suit your needs, from load-bearing, to power supply, access roads, large vehicle loading and especially finding one that is flexible for companies in the E-commerce space for growth.\n\n\nThere are also other factors to include, for example, if you have heavy machinery involved, you\u2019ll need to make sure you have the information to the maximum floor load rating for heavy machine operations.\u00a0\n\n\nKeeping in mind the static weight of the machine, and also the operational loads and vibrational loads imposed when the machine is running. To determine if the factory floor strength is adequate, you need to have the installation of the machine reviewed by a competent building engineer.\n\n\nAlign with Siva Shanker\u2019s view, we certainly hope that this demand will play out as it increases growth in the industrial sector, as well as placing more jobs for the public to get involved in, overall improving Malaysia\u2019s economy.\n\n______\n\n\nThis post is in collaboration with \nIndustrial Malaysia\n, to look for comprehensive real estate services for Industrial Properties such as warehouses and factories in Klang, Shah Alam, and Subang areas, you may check their site \nhere\n.\n\n\nIf you\u2019re thinking if it\u2019s the right time to buy or if you should wait to purchase your property especially during the Coronavirus / Covid19 period, you should read our previous post \nhere\n before you decide.\n\n\nVisit \nBumbung.co\n for the best residential listings in PJ, Bangsar, TTDI, Damansara Utama/Jaya, Tropicana, Ara Damansara and Bandar Utama.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nCommercial Real Estate\nMarket News\n \n\n\n\n\nTagged\n\n\nAlibaba\nAmazon\nBumbung\nCainiao Malaysia\nCatcha Group\nCCC\nCommercial Real Estate\nDFTZ\ne-commerce\ne-warehouse\nfactories\nIndustrial Malaysia\nIndustrial Real Estate\nJack Ma\nLazada\nMAHB\nPatrick Grove\nrobotic\nShoppee\nSiva Shanker\nstartups\nwarehouse\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nNew Billionaire Rankings - Who Was Hit The Hardest When COVID-19 Pandemic Halted The Stock Market?\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Features in Tropicana Bungalows Every Buyer Looks Out For\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/04/24/5-features-in-tropicana-bungalows-every-buyer-should-look-out-for/", "title": "5 Features in Tropicana Bungalows Every Buyer Looks Out For", "body": "\n\nConsidered to be the cr\u00e8me de la cr\u00e8me of private gated and guarded housing with access to superior facilities including a clubhouse, restaurants and a golf course, Tropicana is considered synonymous with those who have reached a status symbol in their life and would like to own a part of this luxurious neighbourhood.\u00a0\n\n\nHome to many of the elites and high profiles in Malaysia, the creation of a premier golf and country club has since become the leisure and pleasure domain situated amidst the lush and prestigious suburb of Damansara in Petaling Jaya, boasting the pleasure of resort living, amidst city conveniences. Tropicana Golf & Country Club was officially opened on 13th January 1996 by Tun Dr Mahathir bin Mohamad and was developed and founded by Tan Sri Dato\u2019 Danny Tan\u2019s Dijaya Corporation Berhad (now known as Tropicana Corporation Berhad).\n\n\nToday, there are about 365 bungalows in Tropicana Golf & Country Club, with approximately 10% bungalow lands being vacant. Neighbouring close by is Tropicana Indah that was subsequently introduced as a joint venture development with PKNS, with approximately 168 bungalows with approximately 20%\u00a0 vacant plots.\u00a0\n\n\nThe Prestige Aspect\u00a0\u00a0\n\n\n\u00a0The Grand entrance of Tropicana Golf & Country Resort itself with its club house amenities has an unique prestige appeal.\n\n\nIn terms of amenities, the Tropicana neighbourhood has maintained its values by introducing well-appreciated amenities to the community, such as St Joseph International School which significantly reduce travel time for many families, also a mixture of up market retail options (primarily for groceries) such as Tropicana Avenue strip mall and Tropicana Garden Mall. Residents of Tropicana also benefited from two healthcare options, being strategically located in between Thompson Hospital at Kota Damansara and Ramsay Sime Darby at Ara Damansara.\n\n\nOne-third of our life is spent at work, which made this location more appealing due to its accessibility to major highways and having the Subang airport close by which routes Singapore, Indonesia and Malaysia, it has convenience for many outbound business goers. Also, next to Kota Damansara is home to high technology large manufacturing, factories and assembly plants. All this little factor contributes to a better lifestyle for \u2018business\u2019 peoples.\u00a0\n\n\nGolf Course Views.\n\u00a0\n\n\nWhen it comes to golf course views, Tropicana immediately stands out as one of the best-landed options near the city that is located in a 5-star golf course. This is likely the only place that has it if you want to live in Petaling Jaya. The best part is that Tropicana has two choices to offer as there is Tropicana Golf & Country Resort and PKNS Golf Course.\u00a0\n\n\nObviously the best golf course views overlook the fairway, \njust like this home below;\n\n\n\n\nThe bungalow has a west-facing orientation with the back looking towards the beautiful golf course. View the house here on \nb\numbung.co/listings/4767\n\n\nMeanwhile, right in the corner, there are the Tropicana Indah houses, with a larger cluster of modern designed homes which definitely lives up to the \u201cIndah\u201d (beautiful) name. Amongst the Indah neighbours, some homeowners are proud to own the view fronting Tropicana Garden Mall striking grey facade.\n\n\n\u00a0\n\n\nFor the best unique experience to see which bungalows have great views, you\u2019ll need to be there to feel and see for yourself.\u00a0\n\n\nPurposeful land use\n\u00a0\n\n\nWith regards to how the building is built and when the layout is a concern, most of Tropicana bungalows are built from scratch with a unique design plan. The purpose in shape and size has different appeals to the individual families that occupy the space.\n\n\nYou can typically find two types of homes that are either fully utilising the land space \u2013 covered up and extended to house more rooms or smaller homes but provisioned for a better outdoor space. The latter is preferred by families who like to spend time outdoors, \njust like this one with a slightly elevated view overlooking the golf course.\u00a0\n\n\nThe 2nd floor has a balcony attached to the room that looks out at the golf course. If you\u2019re wondering, balls rarely fall in, but if safety is a concern, other neighbours have set up a protective net.\n\n\nClever use of a building and land space, it gives you a private garden and a patio that will be great for outdoor activities and hosting parties. View this listing on \nbumbung.co/listings/5057\n\n\nNot forgetting, space to include your car collections indoor or outdoor will also influence your build-up. It is rare to own both great outdoors and a large house while maintaining a great car park privilege (No in-tandem parking) because most plots in Tropicana are about 10,000 square feet.\n\n\nSecurity Features.\n\n\nTropicana Golf is a well-known place in the community, especially among golfers. The shared entrance is open to both club members, guests & residents, although there are security checkpoints from the main arch to the clubhouse, access to the trunk roads that would lead to your home can be accessible by all.\u00a0\n\n\nFor Tropicana Indah, the security feature is tighter there because of its smaller density, this setup permits security guards to tail visitors up to their visiting premises, to ensure safety and that they arrived at the right house, in-kind promoting better security.\n\u00a0\n\n\nMindful details \u2013 Architecture features\n\u00a0\n\n\nBetween Tropicana Golf and Country Resort, and Tropicana Indah, both have several unique features that could be a trade-off for some, and for others, it may not compel as much. We look at the fact that Tropicana Indah\u2019s building layout is more modern, though the entrance is not via the Grand Arch and it has a separated entrance, the newer building features and architecture layout carries some outstanding designs.\u00a0\n\n\nThis is one fine example, being one of the few in the market that has been recently completed with top-notch building materials.\u00a0\n\n\nThe beautiful home located at Tropicana Indah. Its modern architecture & state of the art set-up dovetails harmoniously with its luxurious compound which includes a pool, patio & a basketball court. View the listing on \nbumbung.co/listings/4796\n\n\nAs many local Malaysians are open to renovating their own property, there are a few things to note that can be difficult to change (e.g the fa\u00e7ade). Some homes being next to a golf course also pose a challenge as construction works have to be executed manually.\u00a0\n\n\nClassic and Elegant\n\n\nModern architecture is not everyone\u2019s cup of tea. There are some who appreciate finer culture and art which is pleased to have their home resembling their taste.\n\n\nA good find for those who aspire and love British cultural heritage.\n\n\nA Tudor style bungalow with a spacious front, with the dining and the back of the house facing the beautiful golf course. View the listing here \nbumbung.co/listings/5040\n\u00a0\n\n\n\u00a0\n\n\nThe listings from the article here are provided from the marvellous sales team at Bumbung.\n\n\nFor more of the best listings in all of Tropicana and its surrounding neighbourhood, you can find it on \nBumbung.co\n as we have local experts to find you a home to suit you and your family needs.\n\u00a0\n\n\n______\n\n\nIf you haven\u2019t read our previous article on the latest updated \nMalaysian Billionaires list\n who were recently impacted by the COVID19 impact towards their net worth, you can do so \nhere\n.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nCity Living\nHome and Design\nLifestyle\n \n\n\n\n\nTagged\n\n\nBritish Bungalow Design\nBumbung listings\nGolf Course Views\nJalan PJU3\nJalan TR1\nJalan TR2\nJalan TR3\nJalan TR9\nNeighbourhood\nPKNS Golf\nPrestige\nSt Joseph International School\nTropicana\nTropicana Avenue\nTropicana Garden Mall\nTropicana Golf and Country Resort\nTropicana Green Villa\nTropicana Indah\nTropicana Pool Villa\nTudor Bungalow\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nRise of E-commerce in Malaysia and their incredible demand for industrial warehousing real estate.\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n3 Factors that make Country Heights Damansara appealing to the Ultrarich\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/05/01/3-factors-that-make-country-heights-damansara-appealing-to-the-ultrarich/", "title": "3 Factors that make Country Heights Damansara appealing to the Ultrarich", "body": "\n\nWhere do all the equivalent of\u00a0 \nCrazy Rich Asians\n live in Malaysia? The answer to the question is actually all over the most prominent neighbourhoods. But today we\u2019ll unravel likely what is pick number #1 of the prominent neighbourhoods where the top 2% of Malaysians build their real estate dreams and the\n 3 Factors that make Country Heights Damansara appealing to the ultrarich\n\n\nThe Location\n\n\nAs many value convenience as the new luxury, who says you can\u2019t have both? Country Heights Damansara is a fine example with its location being a few minutes away by car to prime areas of TTDI, Desa Park City and Mutiara Damansara.\u00a0\n\n\nThis 200 acre land nestled on a green hill in Kuala Lumpur and possesses the 60000 postcode, which shares the same with its affluent TTDI neighbourhood.\n\n\nA map view of the Country Heights Damansara surroundings, having access to Penchala Link and the LDP Highway.\n\n\nBeing one of the last few remaining Kuala Lumpur residential freehold land developments, it\u2019s no surprise that Country Heights Damansara was touted as the Beverly Hills of Malaysia. It doesn\u2019t just encompass the ultra-high net worth individuals and their families, it\u2019s also a pull factor among international celebrities and movie production companies to film here.\u00a0\n\n\nWe\u2019ll dive more into it later, with Country Heights Damansara closely located to One Utama, IPC mall & The Curve, there are several promising new developments that are coming up such as Empire City Mall, and the KPJ Damansara 2 Specialist Hospital (Nadayu).\n\n\nWith easy access to the Penchala link, the top International schools in KL, based in Mont Kiara, MK International & Garden International would be a just a 10-minute drive away.\n\n\nWide Range of Land Profiles\n\n\nLooking at building in Country Heights Damansara will come with its own set of challenges, but it certainly depends on the type of land as your canvas. Certainly, those with more challenging terrains don\u2019t go without its reward of better views or landscape features.\n\n\nWe examined a few of the available land plots and what to expect if you\u2019re looking to build a house from scratch.\n\n\n1. Flat Land / Flat Terrain\n\n\nDeveloping an empty land is like a blank canvas, and if you do find one that is flat, for an area on top of a hill is a rare find in Country Heights Damansara. There are a few limited spaces along the stretch on Jalan Khaya & Jalan Salam.\u00a0\n\n\nWe learn from our buyers and clients that they naturally would prefer to work with a flat land to build their house. Asking our Local Experts regarding his listings portfolio he mentions that in fact that flat terrain land For Sale are less than a handful.\u00a0\n\n\nAn example of a flatland terrain type profile.\n\n\nBuilding on a flat land would generally cost less to construct your house as compared to house over angled land profiles, such as a slope. Due to the deeper piling, levelling and retaining wall workmanship and material cost which can be more than RM100 per square feet for the experienced contractor. \n\n\n\n\nHowever, we\u2019ve come across buyers who would want to save precious time and headaches dealing with the contractors, as projects even on flat land can take more than a few years before completion.\n\n\nThere are beautiful modern properties that are ready-built as large corporations have invested in the land and developed a few of those properties at one time. This home has a basement car park and is a multi-generation home located along Jalan Khaya.\n\n\nAn aerial view of the bungalow built on a hilltop in Country Heights Damansara. View the listing \nhere on Bumbung.co\n\n\n\u00a0\n\n\n2. Up-Slope (The land goes up from its entrance)\n\n\nAn example bungalow build on an upward sloping land\n\n\nThis Upward sloping land terrain is said to be an attractive criteria among Chinese buyers as they have astrologically good feng shui properties. However in Country Heights Damansara, we are talking of mainly two interesting type of Up-Slope land terrains you should be wary of;\u00a0\n\n\n\n\nUp all the way\n \u2013 It can be tricky as the building engineers would have to adapt to its upward slope and it would have to be cut and leveled according to tiers to ensure that there\u2019s enough room to construct the internal space. Because of its awkward land profile, the house would naturally come with a wider/larger than usual porch space amongst the other Country Heights Damansara houses.\n\n\nUpward Bump & Flat on top\n \u2013 It would be an ideal plot to build with a basement garage potentially for the front, as the living spaces and rooms start on the floor above giving you a good sense of privacy and great views.\n\n\n\n\n3. Downward Sloping\n\n\nThese types of Downward sloping land terrains would command the best views from Country Heights Damansara as the land entrance would slope downwards towards the rest of the house. These views are always unobstructed, because the land is carved and planned to have an upward slope back to back with a downward slope that may belong to another owner. Hence, you would have quite literally the best views in the house and would enjoy the top spot (no pun intended).\n\n\nA Bungalow example built on a downward sloping land.\n\n\nHollywood Factor\n\n\nApart from well-established business owners, Country Heights Damansara has been on some of the top picks for movie producers even in Hollywood. As many of the homes here have been adventurously built to great extents and fitted with the best materials and tech while enjoying the best views of the forest and/or the city.\u00a0\n\n\nHere we have Crazy Rich Asian\u2019s the movie; though the movie said the location was in Singapore, the actual location of the shoot was in Malaysia, Country Heights Damansara.\u00a0\n\n\n\ufeff\n\n\n\n\nHere\u2019s the actual house photos.\u00a0 \n\n\n \n \nYou can view the rest of the images on \nMalaysia Homie\n.\n\n\nIn another Hollywood debut, Fair Game (2010), a political thriller movie was also filmed in one of the bungalow houses in Country Heights Damansara. It was directed by Doug Liman, the same director behind The Bourne Identity and Mr. and Mrs. Smith and featuring Naomi Watts and Sean Penn. See if you could spot where in the movie was the bungalow scene.\u00a0\n\n\nOr if you\u2019re looking for something your own but still looks a lot like something from the Hollywood movies, this interesting house along Jalan Mahagony looks very much like something that Tony Stark would build for his own. You could already imagine all his suits flying out from secret chambers located throughout the building and with his \nAudi R8 e-tron and Bugatti Veyron Supersport parked in the porch.\n\n\nAn extravagant built up with very adventurous designs. View the Bungalow house on \nBumbung.co here\n\n\nLooking at Country Heights Damansara, it\u2019s unlike many other townships and developments. As each of the buildings constructed would tell its own story, it\u2019s own creation and masterpiece. We certainly look forward to compiling more of these beautiful listings in the Country Heights Damansara area and sharing them here with you. Let us know in the comments if you think if we missed out on something marvellous that people would enjoy looking at\n\n\n\u00a0\n\n\n\n\nWe recently did a Bungalow coverage on Tropicana Golf and Country Resort too, find out what \nTropicana Bungalow buyers are looking for here\n\n\nFor more of these listings in Country Heights Damansara or if you have a listing to sell, visit \nBumbung.co\n to speak to our Local Expert.\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nCity Living\nHome and Design\nLifestyle\nMarket News\n \n\n\n\n\nTagged\n\n\nBumbung\nBungalow\nCelebrities Real Estate\nConstance Wu\nCountry Heights Damansara\nCrazy Rich Asians\nFair Game (2010)\nHenry Golding\nHigh Net Worth Individuals\nHollywood\nLuxury Real Estate\nMajestic\nMansion\nMillion Dollar Listings\nMillion Ringgit Listing\nMovie Shoot Location\nNaomi Watts\nSean Penn\nThe Rich and Famous\nTony Stark House\nUltra Rich\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Features in Tropicana Bungalows Every Buyer Looks Out For\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nCMCO Property Viewing Procedures for Agents and Clients\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/05/10/cmco-property-viewing-procedures-for-agents-and-clients/", "title": "CMCO Property Viewing Procedures for Agents and Clients", "body": "\n\nThe recent announcement of the extended Conditional Movement Control Order (CMCO) till 9th June has stopped many from cross border travelling and limited gatherings of people of up to 20 pax at a time especially with the Raya festivals up ahead.\u00a0 There\u2019s a silver lining, companies are allowed to reopen and resume operations, this also means that Agents and Negotiators are allowed to get back to the field to resume viewing appointments to show properties.\n\n\nThe team at Bumbung, Pepite Real Estate has come up with the guidelines below for planning your appointments to view homes to buy or to rent;\n\n\n\n\nDownload the PDF version\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nAgent's Guideline\nBuying and Renting Guides\nCommercial Real Estate\n \n\n\n\n\nTagged\n\n\n#NewNormal\n#SaferViewings\n#StaySafe\nBOVAEAP\nConditional Movement Control Order\nEA\nLPPEH\nmalaysia\nMCO\nMIEA\nMovement Control Order\nPMs\nReal Estate Agents\nRENs\nValuers\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n3 Factors that make Country Heights Damansara appealing to the Ultrarich\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\n5 Valuable Lessons From Buying And Renovating A Subsale House\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2020/08/10/5-valuable-lessons-from-buying-and-renovating-a-subsale-house/", "title": "5 Valuable Lessons From Buying And Renovating A Subsale House", "body": "\n\nBuying a house to live in is most likely the biggest decision we can make in our lifetime. A mortgage locks you in a financial commitment for 30 or more years. And with inflation and prices of property in Malaysia skyrocketing, we strive to ensure our time and money is used efficiently on our first home purchase.\n\n\nIf your property purchase is a subsale or second-hand purchase, you may need a great deal of renovation done to make it into your dream home.\u00a0 Chances are, you\u2019ll face a couple of challenges along the way. Anticipating these hiccups can help you prepare for them and succeed in achieving your desired renovation timeline.\n\n\nThankfully, we at RoofTalks have been through the process, made the mistakes and learned from them so you don\u2019t have to! Here are 5 valuable lessons we\u2019ve learned from buying and renovating a subsale home.\n\n\nThe Renovation Budget Will Inflate\n\n\nBudgeting can be tricky when renovating. One lesson we\u2019ve learnt is that the initial amount always goes up. Getting a quote from your contractor before starting renovation on your newly purchased home is necessary. But remember, the end total would usually be higher than the initial price quoted.\n\n\n\n\nPaying more for renovations is not necessarily a bad thing. In most instances, we encounter a smarter way of repairing facets of the home or adding specific features that serve us better in the long run \u2013 these increase our costs.\n\n\nFor example, if you decide to put up a wall at the backyard, you may have that cost in your quotation. However, you will also need to add power sockets, a pipeline, and additional drainage \u2013 each of which may increase in number as the renovation progresses. Fixtures such as lights, fans, sinks, faucets, and fancy windows may not come under \u201crenovation\u201d costs but certainly add to your expenditure.\n\n\nTo save yourself some stress, plan out the major renovations first, such as structural (walls, floors, ceiling), electrical, and piping. A staggered renovation helps to ease your financial burden.\n\n\nAdd Renovation Costs In Your Mortgage\n\n\nA little-known secret in the property market is to bump up your mortgage loan amount a little higher to support renovation costs. Of course, if your credit score is low, this will not work. However, when purchasing a property, inquire at the bank if you can add a renovation budget into your loan.\n\n\n\n\nThe last thing you want after buying a property to live in is to frantically search for finances for renovation and repairs. Having that additional amount of money to get work done in the home gives you and your family peace of mind.\n\n\nDon\u2019t Neglect Repairs \n\n\nSo, you\u2019ve purchased a subsale house and are eager to create your dream living space. The first step to succeeding is taking care of repairs. Yes, repairs are a bummer. But they are a necessary factor in understanding how your house works. From our experience, the older the home, the more repairs would be needed.\n\n\n\n\nEssential repairs are structural damage and internal damage \u2013 these must be attended to first. Fix walls, pipes, leaks, replace all the wiring. Once that is done, go ahead and choose fixtures, design elements and accessories. You\u2019ll have all the time in the world later to decorate and beautify your home to suite your style and design preferences.\n\n\nFOMO is Real!\n\n\nIf you watch MTV Cribs or Architectural Digest, please stop right now. What we see drastically influences our decisions in home renovation. The FOMO (Fear Of Missing Out) element is real when we look at other homes in all their glory. Particularly if our home is located in an established, upscale housing area, we may look to our neighbours as a benchmark for renovation design ideas \u2013 this is a bad idea. Here\u2019s why\u2026\n\n\nWhen purchasing a subsale house, we most likely start renovation from scratch. Our neighbours, however, may have had a headstart in their renovation process. Many of them bought their houses brand new and have performed multiple repairs, modifications, and aesthetic changes over a couple of decades. Comparing our home renovation journey to theirs is not fair to us.\n\n\nThe best way to combat FOMO is to manage your expectations. Write a list of all the modifications you intend to make and KonMari your way through it \u2013 remove the non-essentials. Keep it simple and start off small. Your future self will thank you for it!\n\n\nYour Home Is a Work-In-Progress\n\n\nMuch like our life\u2019s journey, our home is also a work-in-progress. As each of us is a unique individual, so our house is unique in its make and originality. We must keep in mind that the home is a place to bring us joy, safety, security, calm, and rest. When these feelings are threatened, then, it\u2019s time to work on the home, and possibly, renovate it.\n\n\n\n\nAlong your journey, there will be times when change is needed. We suggest reviewing your needs in the home once every five years. Feel free to make some drastic changes. Re-style your home\u2019s theme. Some modern styles we love include Rustic, Minimalist, and Bohemian. Consider some DIY home makeovers too so you can save costs while learning a new skillset.\n\n\n\n\nReady to take on get started on your home purchase? Let us help you. At Bumbung.co, you\u2019ll find helpful listings for purchase and rentals too!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nBuying and Renting Guides\nCity Living\nHome and Design\n \n\n\n\n\nTagged\n\n\nHouse Renovation\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nJoel Vijay\n\n\n\n\n\n\nA writer with a flair for the little things in life and new experiences, Joel is a consistent charmer, not only through his writings but through his admirable personality. He developed a passion for the arts and movies, that inspires him to write things that would possibly change the world. \r\n\r\nYou may reach Joel personally via email on joel_vijay@hotmail.com.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\nCMCO Property Viewing Procedures for Agents and Clients\n\n\n\n\n\n\n\n\n\n\n\n Next Article \n\n\n\n\nBumbung and Industrial Malaysia new proposition is a secret weapon for top closers especially when iProperty, PropertyGuru and other platforms are not enough.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"} {"url": "https://therooftalks.com/2021/06/30/bumbung-and-industrial-malaysia-new-real-estate-platform/", "title": "Bumbung and Industrial Malaysia new proposition is a secret weapon for top closers especially when iProperty, PropertyGuru and other platforms are not enough.", "body": "\n\nWhy Bumbung and Industrial Malaysia, when there are other platforms?\n\n\nWe\u2019ve tried almost every platform out there, but most heavily advertisement-based models do not generate value if you don\u2019t keep advertising. For many of us agents and negotiators, marketing = spending more $ to refresh our listings\u2026 It\u2019s a never-ending cycle!\n\n\nYou try to outbid your competitors, change the price, tweak the details, and still pray for your \u201cleads\u201d to come in. You feel you\u2019re close, but due to uncertainty, you either spend more, or you change your focus, perhaps take on new projects, or from projects, move to subsale/rental. We\u2019ve been Agents for the longest time and honestly, this is more of an open letter from one Agent to another.\n\n\nThe secret behind the best performing Agents is to outspend you in advertising, but there\u2019s a way out of this madness by doing things differently, and we have results\u2026\n\n\nIt seems that no matter how hard you try, and no matter how much cash you throw into advertising, you\u2019ll lose out. We\u2019ve seen this scenario played out a thousand times and it\u2019s time to change the strategy through focus.\n\n\nThe sad truth about marketplaces is that you need it more than anything else, otherwise, how will prospects hear about you or your listings? That\u2019s why Bumbung and Industrial Malaysia have been reintroduced to deliver not just value, but also results.\n\n\nIt\u2019s about branding YOU.\n\n\nPage header of the Agent Portfolio Platform on Bumbung.co\n\n\nOften, we are left with little to no time to market ourselves, and No, listing your property on marketplaces is not a guarantee of success either. You wont\u2019 be remembered because you\u2019re flooding listings like the rest. What you want and hope for is for word to go around that you\u2019re good at what you do, perhaps there\u2019s an aunty/uncle who loves your service. But maybe out of 10 of your customers, there\u2019s 1 who actually does. We asked ourselves, is there a way to replicate the word-of-mouth (WOM) model? Seriously, why not? You\u2019re good at what you do, and you always help your buyers and sellers by going the extra mile.\n\n\nPerhaps instead of just relying on offline marketing, how can I make WOM \u201conline\u201d and thus, we figured out a way around this and how to get all 10 aunties to talk about you, maybe more (figuratively).\n\n\nWith the bulk spent on open houses, curating listings, following up with leads, we neglect the vital step of keeping our portfolio updated and leveraging on our past accomplishments;\n\n\nTHIS happens to all of us, because of lack of time. But this is gold, it\u2019s the is marketing ammo you need. So that\u2019s what we\u2019re offering in a nutshell, Bumbung and IndustrialMalaysia \nbrands\n your area and listings well enough that your listings work for you even while you\u2019re sleeping without costing you extra money.\n\n\nThe team at Bumbung and IndustrialMalaysia will help you set up you\nr account on the platform, which lets you create a an area profile with your listings, that are leveraging on Google\u2019s Search for discovery, not to mention, you\u2019re able to boost your real estate listings webpage with Google Adwords.\n\n\nA recent finding on Google Search as a result of Bumbung.co\u2019s test listing appeared on Page 1 results.\n\n\nExactly like a resume showcasing all your achievements, your profile builds instant credibility when customers are searching for the right property.\n\n\nWho\u2019s the Specialist? YOU are.\n\n\nFocus is key to succeeding in a highly competitive and cluttered real estate market. That\u2019s why Bumbung and IndustrialMalaysia are heavily focused on selected residential and industrial areas. We\u2019re not for everyone (yet) as we only want to grow sustainably with value, and we believe you want to create a neighbourhood success for yourself. It\u2019s better to be a big fish in a small pond; ie. if you have all the good listings and the highlight is on you, the customers will eventually come. There\u2019s no guarantee the results will continue to be good if you place yourself in larger marketplaces; you will be drowned, as there are many hungrier fishes (with deeper pockets) than you.\n\n\nBumbung and IndustrialMalaysia are exclusive listing portfolios. Our agents on the platform enjoy exclusivity as the \nonly agent (or agent team) controlling ONE location/area\n of listings. To give you an example, if your farming focus is in Bangsar, and you\u2019ve managed to secure the location on Bumbung, there will be no other Agents on Bumbung that will be marketing in Bangsar except for you. The same applies to any industrial areas, eg, if you\u2019re focused on Cheras warehouses/factories, the whole Cheras area will only be marketed by you and only you on IndustrialMalaysia. If customers come in looking for your specialized location, they come directly to you via your preferred mode of contact. This model is proven to work and you feed off one another\u2019s strength and speciality.\n\n\nWhere do we go from here? Your journey to successfully market your talents and prowess as a premium Real Estate agent starts here.\n\n\nGet started by going to our websites:\n\n\nBumbung.co \u2013 For Residential Properties in premium markets\n\n\nIndustrial Malaysia \u2013 For properties in the Industrial Market\n\n\nSelection of Agent and Area are based on the interview process with the founders of Bumbung and IndustrialMalaysia, respectively.\n\n\n\u00a0\n\n\n\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCategories\n\n\nAgent's Guideline\nCommercial Real Estate\nInside Bumbung\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAuthor\n\n\n\n\nGadiy Lim\n\n\n\n\n\n\nCo-founder of Bumbung.co. \r\nA tech enthusiast seeking beautiful homes. Sometimes I write.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Previous Article \n\n\n\n\n5 Valuable Lessons From Buying And Renovating A Subsale House\n\n\n\n\n\n\n\n \u00a0\n \n\n\n\n\n\n\n\n\n\n There are no comments \n\n\nAdd yours\n \n\n\n\n\n\n\n \nCancel reply\nComment\nName\nEmail\nUrl\n\n\n \nSave my name, email, and website in this browser for the next time I comment.\n\n\n \n\n\n\n\n \n\n\n\n"}