What is to become of TTDI’s beloved public park?

Many 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 Taman Tun Dr. Ismail (TTDI), many neighbouring residents from Bandar Utama and Damansara also gather there in the mornings and evenings for a stroll.

Since 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. The project has a 29-storey block of affordable housing and eight blocks of serviced apartments ranging from 42 to 54 storeys.

According to
The Star
, 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 Datuk Sulaiman will require extensive expansion works. In doing so, will indirectly narrow existing monsoon drains and reduce the number of canopy trees in the area.

Taman 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. The ex- plantation workers were promised affordable housing 35 years ago and are still waiting.

The 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, hence there are  some mixed reactions from the public regarding this issue.

Malay Mail Online
 reported Kuala Lumpur Mayor Datuk Seri Mhd Amin Abd Aziz saying that the project was still under Rule 5. Rule 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.

According 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.

“People must know, when a land is already owned by an organisation or an individual, it/he is entitled to build development,” Mhd Amin was quoted saying.

On the other hand, national newswire
Bernama
 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’ threat to take legal action.

“We 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,” he stressed.

Both sides have some valid points on the project development but we truly hope it will be a win-win situation for all.

This post is brought to you by Bumbung.co

Find my dream house now!

Categories

Market News

Tagged

DBKL
KL
Kuala Lumpur
Market news
News
park
property
real estate
urban development

Author

Bumbung Team

                                    Previous Article

5 Arty crafty workshops in KL

                                    Next Article

3 Types of property that are difficult to sell

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


3 Types of property that are difficult to sell

With the current economic situation in Malaysia, it is definitely the buyer’s 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.

Properties next to a cemetery

Perhaps it’s 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’s 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 superstitious enough to purchase.

Properties with a stink

There 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’s direction.   “I like foul smelling things” – said no one ever.

Properties that are ground floor units of high-rise condominiums or apartments

There is a saying, what’s 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’t get much 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.

This post is brought to you by Bumbung.co

Sell or rent out my property today!

Categories

Buying and Renting Guides

Tagged

KL
Kuala Lumpur
property
real estate
selling

Author

Bumbung Team

                                    Previous Article

What is to become of TTDI's beloved public park?

                                    Next Article

UEM Sunrise in partnership with Foster + Partners presents Arcoris Mont Kiara

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


UEM Sunrise in partnership with Foster + Partners presents Arcoris Mont Kiara

Arcoris Mont Kiara
 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.

It comprises five integrated components and a Gross Development Value of RM1.2 billion. The design of this revolutionary development project was undertaken by
Foster + Partners
, 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.

The partnership between
UEM Sunrise Berhad
 and Foster + Partners marks the two companies’ commitment to uphold a global standard of excellence for developing projects the likes of Arcoris Mont’Kiara.

“The 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,” says  Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise.

“We 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,” says Jonathan Parr, Partner/Deputy Head of Studio for Foster + Partners.

The project handover started commencing from mid May 2017 in batches.

The design of Arcoris Mont’Kiara 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’Kiara 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.

Residents 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.

Arcoris Suites
 – 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.

Arcoris Soho
 – 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.

Arcoris Residences
 – 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.

Hyatt House
 – A viable option for business travellers seeking accommodation for their mid to long term stay at Mont Kiara. It will also be Mont Kiara’s first international hotel and will be operated by the internationally renowned Hyatt brand.

Arcoris Plaza
 – 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.

Further announcements for Arcoris Plaza and Hyatt House will be made within the next several months.

Find my dream house now!

Categories

Market News

Tagged

architecture
green
Interior design
Kuala Lumpur
Market news
News
property
real estate

Author

Bumbung Team

                                    Previous Article

3 Types of property that are difficult to sell

                                    Next Article

5 Tips to sell your house fast

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


5 Tips to sell your house fast

There 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.

1. Price it competitively

Pricing 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’s 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.

 2. Convenient to view

No 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.

3. Good photos

Nowadays, people usually go online to search for potential properties. So, house owners need to put up good photographs that accentuate their house’s 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.

4. Exterior and interior

The first impression is the only impression that matters. If your house’s interior is filled with dust bunnies and/or broken furniture and fixtures, there is a very good chance you won’t get interested buyers. Looking from a buyer’s 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.

5. Promote your property everywhere

Make 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.

This post is brought to you by Bumbung.co

Sell or rent out my house now!

Categories

Buying and Renting Guides

Tagged

Home
property
real estate
selling

Author

Bumbung Team

                                    Previous Article

UEM Sunrise in partnership with Foster + Partners presents Arcoris Mont Kiara

                                    Next Article

When supply don't meet the high demand for affordable housing

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


When supply don’t meet the high demand for affordable housing

Affordable housing is a segment with clamouring buyers, but it is also the one that developers are not outwardly interested in supplying.

In 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.

Property 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.

At that level, the families are limited to homes costing RM300,000. Comparatively, the average house price in Kuala Lumpur was RM772,116 in 2016.

Putrajaya has attempted to address this issue by launching schemes such as the
1Malaysia People’s Housing Programme
 (PR1MA), while urging property developers to offer more homes in the affordable category.

A recent survey by
Real Estate Housing Developers’ Association Malaysia
 found that 73 per cent of some 1,655 respondents were willing to pay between RM300,000 and RM750,000 for a residential property.

But despite the unfilled demand for affordable homes and a slowing luxury market, developers continue to favour the latter.

According 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.

“Land is getting expensive, manpower is also increasing in the same pace, and if we don’t come up with a long-term solution, then it will become difficult for developers to build affordable homes,”
Knight Frank
 managing director Sarkunan Subramaniam told
Malay Mail Online
.

“In 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… this is just an additional cost simply incurred by the developer,” he added.

He 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’s decision to impose definitive safeguard duties for three years on imported steel products.

Prompted by the local steelmakers’ complaints, the ministry last month decided on provisional duties on imported steel concrete reinforcing bar, steel wire rods and deformed bar in coils.

Sarkunan said it was “not the smartest move” considering its inevitable effects on the cost of building homes, affordable or otherwise..

“I 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,” he said.

When 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 “affordable”.

While there is no uniform price for what qualifies as “affordable housing”, this is generally around the RM300,000 to RM500,000 mark.

Kamaruddin explained that acquisition costs alone would make it challenging to build and sell homes at that price point.

“The 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,” he said.

In 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.

To ensure the sustainability of affordable homes in the long run, Sarkunan suggested introducting shell homes in the country.

As the name suggests, shell homes are bare-bones units without rooms and partitions, but with basic plumbing and wiring.

Currently, 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.

According 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.

“In 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.

“So, 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,” Sarkunan said.

An 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.

“PR1MA and
Rumah Selangorku
 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?” said the chartered surveyor who declined to be named.

When 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.

This story originally appeared on
Malay Mail Online
 on 8 May 2017.

Find my dream home today!

Categories

Market News

Tagged

buying
Kuala Lumpur
News
property
real estate
renting
selling

Author

Bumbung Team

                                    Previous Article

5 Tips to sell your house fast

                                    Next Article

The place where artisanal shopping gets personal

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


The place where artisanal shopping gets personal

Commune
 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 encourages the development of creativity and cultures, where artisans come together as a community by supporting each other.

Commune is located on the fifth floor of
Sunway Velocity Mall
, 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.

In addition, shoppers can get personal with each brand. The people behind Commune encourages them to actively engage with the entrepreneurial artisans to learn the story behind every product they purchase.

To 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.

Furthermore, 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.

Patrons 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.

Senior General Manager of Sunway Velocity Mall, Mr. KS Wong said, “The 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.”

“It 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,” Wong added.

To 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.

This post is brought to you by Bumbung.co

Find my dream house now!

Categories

City Living

Tagged

City living
Design
inspiration
News
urban development

Author

Bumbung Team

                                    Previous Article

When supply don't meet the high demand for affordable housing

                                    Next Article

Does decluttering your house really help?

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Does decluttering your house really help?

Ever since the launch of Marie Kondo’s international bestseller,
The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing
, and its sequel,
Spark Joy: An Illustrated Master Class on the Art of Organizing and Tidying Up
, people have been raving about how decluttering have brought joy to their lives.

The 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.

But 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.

Tim Harford, who wrote the 2005 bestseller
The Undercover Economist
, says there’s no intrinsic value in being neat. “A pile of papers on a desk isn’t a random mess; it’s a logical one. The papers you touch the most end up on top. They’re full of clues about recent patterns of working,” he tells
Bloomberg
.

Harford 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.

The 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.

Therefore, 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 — overconsumption.

An article in
The Guardian
 says there has been an increase in donations of pre-loved items to charity shop chains, which resell them for money. That’s wonderful. But what happens to those items that cannot be sold?

Fast-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.

Research conducted by
Wrap
(the Waste and Resources Action Programme) found that an estimated 350,000 tonnes (worth £140 million or RM748 million) of used clothing goes to landfills in the UK alone annually.

To root out overconsumption, we have to start by changing our relationship with things. According to James Wallman, author of
Stuffocation: Living More With Less
, society is still using mental tools honed through millennia of scarcity.

“It’s very hard to switch our mental tools, which is why lots of people, once they’ve done that clearing up and feel good about it, think, ‘I’ve got all this space on my shelves. What do I do?’ And they go and buy more,” Wallman tells
The Guardian
.

Purging 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.

This should be followed by a marked effort to not repeat the vicious cycle of replenishing what has been thrown out. It helps to consciously choose to use the money we would normally spend on more material things on having more memorable and enriching experiences instead.

This post was brought to you by Bumbung.co

Sell or rent out my house now!

Categories

Home and Design

Tagged

Home and living
Home improvement
tips

Author

Bumbung Team

                                    Previous Article

The place where artisanal shopping gets personal

                                    Next Article

Living large in the integrated township by IJM Land

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Living large in the integrated township by IJM Land

Imagine 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.  Or looking out of your apartment, enjoying the glittering night lights the city has to offer.

With an array of finest amenities and award winning architecture,
Inwood Residences
 brings a fresh perspective to the property industry in Kuala Lumpur. It is part of
IJM Land
’s Pantai Sentral Park, a visionary township consisting of a mixed-use development with seven residential phases and six commercial phases.

Located within the 200-acre forest in Bukit Kerinchi, it is expected 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. Adjacent 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.

Inwood’s 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. Each Inwood unit is oriented either in the north, with city or garden views or the south, in the direction of the forest and pool.  There 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.

Focusing on Pantai Sentral Park’s 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’s playground, infinity pool, a sunken sundeck and jacuzzi.

Inwood 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’ premium amenities are sure to inspire future residents to work, play and live within Pantai Sentral Park.

With thoughtful design and inspiring concepts, Inwood Residences is home to the Enchanted Garden, winner of
Asia Pacific Property Awards in 2014
 for best Residential Landscape Architecture in Malaysia. It features a pathwalk with trellis, maze path, totem plaza, children’s playground, tree houses, rock water fountain, topiary garden and more.

The 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 – the glamourous cityscape on one side and the lush forest on the other.

Breathtaking views and thoughtful designs aside, the residence has a take up rate of 90% with prices starting from RM731,000. Located 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
Sri Dasmesh International School
.

Additionally, 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.

“When 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.

“With 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,” said Grace Foo, Sales & Marketing Manager of Pantai Sentral Park.

Situated in the heart of Kuala Lumpur’s New Golden Triangle, Pantai Sentral Park is the midpoint to KL Sentral, MidValley City, Bangsar and Petaling Jaya.

The 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). This will also encourage smooth traffic flow when entering and exiting the new generation township and its surrounding areas.

Find my dream home today!

Categories

Market News

Tagged

KL
Kuala Lumpur
Market news
News
property
real estate
urban development

Author

Bumbung Team

                                    Previous Article

Does decluttering your house really help?

                                    Next Article

Leases vs tenancies - which wins?

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Leases vs tenancies – which wins?

As I have mentioned in my previous article entitled “
Tenancy Agreements: The Need For One and Its Major Terms to Look Out For
”, 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 (“lessor”) to another person (“lessee”) and such can be done either orally or by way of a written instrument in any form whatsoever.

Under the National Land Code (“NLC”), all leases must be registered with the land office. Tenancies on the other hand need not be registered as it is exempted from registration (
section 213(2)(b) of the NLC
). 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.

For 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’s 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.

Lease is often described as a “long-term” 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 (
section 221(3)
(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 (
section 221(3)
(b) of the NLC).

A 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.

Like 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 “lock-in” 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.

A 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 (
section 316 of the NLC
). It is stated under
section 213(3) of the NLC
 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.

So, 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.

“Carmen Tham is a lawyer and she is actively involved in real estate legal work. She is the managing partner of Messrs. KEAY & CO.
,
a 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
.

If you have questions that you would like to ask Carmen, please feel free to drop her an email at
enquiry@keayandco.com
.

Disclaimer: The information here does not constitute legal advice, please seek professional help for your specific needs.”

Find my dream home today!

Categories

Buying and Renting Guides

Tagged

Moving
New home
property
real estate
renting
tips

Author

Bumbung Team

                                    Previous Article

Living large in the integrated township by IJM Land

                                    Next Article

What is home loan refinancing?

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


What is home loan refinancing?

Many of us have heard this term when we purchase our first home but do you know what it really means?

According to
iMoney
, 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.

There are many
reasons
 for homeowners to refinance:

the opportunity to obtain a lower interest rate

the chance to shorten the term of their mortgage

to convert from adjustable-rate mortgage to a fixed-rate mortgage or vice-versa

the opportunity to tap a home’s equity in order to finance a large purchase or getting the cash flow

the desire to consolidate debt

Advantages of Refinancing

Low interest to obtain cash flow

Refinancing 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’s value will appraise. The bank will evaluate the current value of the property and determine how much they 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.

Here’s 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’s market value, you will get a loan of RM320,000. After paying off the original loan, the remaining RM145,000 can be cash out. This is just an example to illustrate the idea, the actual number might be different depending on the interest rate and loan packages.

Lower interest loan packages or shorter term

Another 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’s interest rate. A lower interest translates to lower monthly payments, which means you’ll 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.

Besides 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.

What to avoid when refinancing your home loan

Prepayment penalty

One 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.

Extra cost and processing fees

Another 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.

Conclusion

Refinancing 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’t 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.

Sell or rent out my property today!

Categories

Buying and Renting Guides

Tagged

finance
Home
investment
property
real estate
tips

Author

Bumbung Team

                                    Previous Article

Leases vs tenancies - which wins?

                                    Next Article

Looking for adventurous seekers in the city

                There is
1
 comment

Add yours

Good Will

on 16 November, 2019 at 19:16

Reply

Hi,

very nice article

Post a new comment
Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Looking for adventurous seekers in the city

Pantai 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,
IJM Land Pantai Sentral Park
. 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.

Holding 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 – in partnership with organiser
Centrisoh
 on July 16, 2017.

In support of
National Cancer Society Malaysia
, 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 at the ICE Gallery. Hence, runners will have a chance to relax and participate in fun activities after finishing their exhilarating Sunday race.

From 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
Hitz
,
Era
 and
MY fm
 road cruisers.

There are four categories for the 7.2km, which is open to 800 participants :

Men Open (39 years old and below)

Women Open (34 years old and below)

Men Veteran (40 years old and above)

Women Veteran (35 years old and above)

As for the 5km, there are two categories that is available for 700 participants :

Men Fun Run (7 years old and above)

Women Fun Run (7 years old and above)

The 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.

At 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.

For more information and to register for the adventurous run visit this website :
 PSP King of Forest

Find my dream home now!

Categories

City Living

Tagged

forest city
KL
Kuala Lumpur
lifestyle
living the city

Author

Bumbung Team

                                    Previous Article

What is home loan refinancing?

                                    Next Article

How to check your credit report with CTOS?

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


How to check your credit report with CTOS?

What is a credit report?

Basically 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’s or company’s record of debt and payment of debt over a period of time.

When you apply for credit facilities, banks and financial institutions will often verify your status with credit reporting 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.

CTOS is Malaysia’s leading Credit Reporting Agency (CRA) that provides credits information to businesses and individuals. CTOS collects information from various public sources that include:

National Registration Department (NRD)

Registrar of Societies

Publications of legal proceedings and notices in newspapers and government gazettes

Companies Commission of Malaysia (CCM)

Malaysia Insolvency Department

Subscribers’ contribution of litigation records

You 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.

Get MyCTOS Report from CTOS

To get the MyCTOS report, first, you need to register at
CTOS’s website
. You will have to key in your new IC number, email, your language preference and click Next.

Then, 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.

*CTOS score is the credit score for individuals that provides an evaluation of a consumer’s 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.

Benefits of Having A Credit Score

A good CTOS credit score can benefit you in few ways:

Increase your chances of getting a loan

Speedier loan approval

Facilitate personal financial planning

Monitor the status of your credit health

More credit is available

Get fairer credit decisions

By knowing your CTOS credit score, you will always be on top of your financial 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. For more information, you can go to
CTOS website
.

This post is brought to you by Bumbung.

Find my dream house today!

Categories

Buying and Renting Guides

Tagged

finance
Home
property
real estate
tips

Author

Bumbung Team

                                    Previous Article

Looking for adventurous seekers in the city

                                    Next Article

Tips on childproofing your home

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Tips on childproofing your home

We may have the most elegant-designed home but when the time comes to start a family, some things just have to go. It’s all about compromising to make way for the new family member in the house.

Childproofing your home is essential to keeping your toddler safe. This can be any area in your house — bathroom, nursery, kitchen, anywhere that poses a threat to your toddler.

In the bathroom :

1. Safeguard from slips by using nonslip mats in and out of the tub as well as on any hard-surface floors near the bathroom — chances are you’ll be chasing a naked, wet toddler through the house at some point.

2. Install a toilet lock so little fingers don’t get smashed, to protect from accidental drowning and to prevent any unsanitary exposure.

3. Keep looking like a hot mama, but always move the flat-iron cord (or any other appliance cord) out of the toddler’s reach to avoid burns or strangulation.

In the nursery :

1. While it’s really adorable to have super-cute bumpers, blankets, pillows and stuffed animals in the baby’s 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.

2. Store toys in an open toy box so there’s no lid to slam toddler’s fingers.

In the kitchen :

1. Stove 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.

2. An appliance lock ensures your child won’t 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.

3. 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.

4. Under-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.

In the living room :

1. Cordless shades or cord cleats are the way to keep curtain blinds safe for children.

2. Coffee 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’t get them. You’ll be amazed by how far up, or over, little ones can actually reach.

3. Secure 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.

4. Got stairs? If so, a baby gate is a must. Finally, they come in styles to match your home’s decor.

These are just some steps you can take, there are more ways to completely childproof your home. It’s 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.

This post is brought to you by Bumbung.

Find my dream home today!

Categories

Home and Design

Tagged

Home
Home improvement
New home
property
Renovation
tips

Author

Bumbung Team

                                    Previous Article

How to check your credit report with CTOS?

                                    Next Article

IJM Land launches a new project at its Bandar Rimbayu Township

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


IJM Land launches a new project at its Bandar Rimbayu Township

What 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.

IJM 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’s Bandar Rimbayu township has been meticulously planned with a sense of community at its heart.

The 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, 75% have been sold.

The 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.

Managing Director of
IJM Land Berhad
, 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.

“We feel that there has been a paradigm shift in the way that people are looking at their lives. It’s 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’s what Bandar Rimbayu aspires to be; a safe, vibrant, inclusive community where there is true meaning to the work-life balance,” he elaborated.

Amenities and facilities :

The 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’s social hub – 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.

IJM Land also recently announced that the
Oasis International School
 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.

In early 2018, the 1
st
 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’s young and upcoming professionals. Every home comes with fibreoptic connectivity. The township is also connected with a multitude of travel options through the five major highways – Kesas, LKSA, SKVE, Elite and the upcoming West Coast Expressway.

Click
here
 for more information about the Livia Type A homes.

This post is brought to you by Bumbung.

Find my dream home now!

Categories

Market News

Tagged

buying
investment
KL
Market news
New home
News
property
real estate
urban development

Author

Bumbung Team

                                    Previous Article

Tips on childproofing your home

                                    Next Article

Viewing properties with VR

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Viewing properties with VR

Property buyers in Malaysia will soon be able to view prospective properties via virtual reality (VR) technology, which provides a 360-degree realistic viewing experience.

REA Group Ltd
 Chief Executive Officer, Tracey Fellows, said the group was currently conducting a series of pilot tests in order to enhance the customer”s experience when buying a property.

REA Group is an Australian-based multinational digital advertising company specialising in properties.

“We are Google”s worldwide partner for the
Google Daydream
 Virtual Reality Apps, and we have the first VR real-estate app which enables customers to view prospective properties through the VR goggles.

“We use digital technology to change the way people experience and search for property,” she told Bernama during a recent interview. Fellows said the group has always looked into innovation and technology in the property market.

“We 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.

“Currently, we have VR services in Australia, but it is not yet mainstream due to the difficulty in obtaining equipment such as goggles and others,” she added.

However, she hinted at the technology would soon be available in the local market, saying that it would be introduced within the next two years.

Meanwhile,
iProperty
 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.

“What you see there (the 3D technology in Australia) is currently being developed here in Malaysia.

“We 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.

“There 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,” he said.

Recently, iProperty introduced a new mobile app, where the company redefined the property search experience for consumers, making it simpler, faster and more integrated.

“The 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.

“Within 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” he said.

This article was first published on
Bernama
.

Find my dream home now!

Categories

Market News

Tagged

News
property
real estate
renting
selling

Author

Bumbung Team

                                    Previous Article

IJM Land launches a new project at its Bandar Rimbayu Township

                                    Next Article

Steps to create the ultimate game room

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Steps to create the ultimate game room

For those who just moved into a new house and always wished for a game room, where do you start? Here’s a guide to help you achieve the ultimate game room you have always dreamed of.

1. Setup the room

If you don’t have the luxury of choosing any space in the house and have to settle for either the basement or a store room, it doesn’t 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. Then you can either paint the walls to a favourite shade or slap on some wallpapers.

2. Equip the room

Time to go shopping for the perfect desk and an ergonomic chair if you don’t have existing ones lying around. If you have any collectibles that you would like to finally put on display, it’s best to get a shelf so you can flaunt it all to the world.

Besides 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.

3. Moving in your most valuable assets

This is the best part! It’s 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.

4. Decorate!

Last 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.

This post is brought to you by Bumbung.

Find my dream house today!

Categories

Home and Design

Tagged

Home and living
Home improvement
inspiration
Interior
Interior design
Moving
New home
tips

Author

Bumbung Team

                                    Previous Article

Viewing properties with VR

                                    Next Article

5 Property tax savings you should know

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


5 Property tax savings you should know

1. RPGT (Real Property Gains Tax) – Wait it out!

By 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’s 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’re a company or a non-citizen.

If you’re a citizen or a PR holder, you’re entitled to a further tax relief of RM10,000 or 10% of the chargable gain whichever is a greater accrue to an individual.

2. PASS GO NOW

Did you know as Malaysians, you’re 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.

3. Furnishing / Renovation

Furnishing 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’re claiming for). So keep those receipts and invoices from your interior designer and contractors. It will contribute to lowering taxes if you’re thinking of selling your property within the 5-year window.

4. GST: Commercial VS Residential

Things have been unclear for those holding on to Commercial properties. According to
customs
, if 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.

Does this mean that if I have two properties and I’m on the verge to buying the 3
rd
, but I am selling off one of my earlier properties means that I am free from GST? Maybe, it’s possible after fulfilling certain criteria.

If you own a residential property, you don’t have to pay GST – there’s RPGT for that.

5. Keep it within the family

Tax 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.

This post is brought to you by Bumbung.

Sell or rent out my property now!

Categories

Buying and Renting Guides

Tagged

finance
Home
property
real estate
selling
tips

Author

Bumbung Team

                                    Previous Article

Steps to create the ultimate game room

                                    Next Article

3 Interesting cafes in PJ to get your craving fix

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


3 Interesting cafes in PJ to get your craving fix

Those 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.

Add this to your list the next time you are planning to do some cafe hopping in PJ with friends.

Jam & Kaya Cafe

Now, if you are prepared for a bit adventurous treasure hunting, this
hidden gem cafe
 is the one (pun intended). This cafe is secluded from the hustle and bustle of PJ, looking for it is half the fun. Here’s a hint, it’s 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.

MadHatter Desserts

Looking for something extraordinary? You have come to the right place. This
cafe
 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 “Dessert King” by the judges on the reality tv show, so you can expect a mouthwatering experience here.

Bean Brothers

Who know else takes their coffee very seriously? The Koreans. We kid you, not. This cafe is a Korean-operated
coffee bar
with secluded within Sunway Damansara. It’s 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.

This post is brought to you by Bumbung.

Find my dream home now!

Categories

City Living

Tagged

City living
lifestyle
living the city
Selangor

Author

Bumbung Team

                                    Previous Article

5 Property tax savings you should know

                                    Next Article

Land Title Types in Malaysia

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Land Title Types in Malaysia

Land 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.

Generally, the land/properties in Malaysia are catergorised into
freehold
,
leasehold
 and
Malay/Bumiputra reserve
. These 3 types of land itself can either have an
individual or strata title
, which the differences will be discussed in my next article.

We will first look at the 3 main categories of land/properties:-

1. Freehold Land/Properties

As 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.

This would mean that the owner don’t 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.

However, 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 “restriction-in-interest”. These type of property will still require the state authority’s consent prior to transferring or charging the land/property.

2. Leasehold Land/Properties

A 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.

Although 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.

Leasehold 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 S&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.

A 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.

3. Malay/Reserved Land and Bumi Lot

People 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 “Tanah Rezab Melayu”.

A Malay is defined in Article 160(2) of the Federal Constitution of Malaysia as “a 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”.

The 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).

A 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 “released” 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.

However, 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.

As the classification of “Bumi Lot” 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.

Now 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.

“Carmen Tham is a lawyer and she is actively involved in real estate legal work.
 She is the managing partner of Messrs. KEAY & CO.,
a 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
.

If you have questions that you would like to ask Carmen, please feel free to drop her an email at
enquiry@keayandco.com
.

Disclaimer: The information here does not constitute legal advice, please seek professional help for your specific needs.”

Find your dream house today!

Categories

Buying and Renting Guides

Tagged

buying
investment
property
real estate
renting
tips

Author

Bumbung Team

                                    Previous Article

3 Interesting cafes in PJ to get your craving fix

                                    Next Article

The fun run in Bandar Rimbayu

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


The fun run in Bandar Rimbayu

It was a day full of fun, friendship and sportsmanship at Bandar Rimbayu’s 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.

Held for the third time, the 10km run was flagged off at 6.30am at The ARC, Bandar Rimbayu’s 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.

The 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.

With 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.

“For this year’s run, we have seen many repeat runners who have joined in our #runwithme events since the beginning.

We are happy that we have so many runners who come back every year to have a glimpse of Bandar Rimbayu’s progress while enjoying themselves in their own way, even creating new friendships along the way” said Susan Teh, Sales and Marketing Senior Manager at Bandar Rimbayu.

Every participant was presented with a complimentary PUMA t-shirt and a goodie bag filled with a pair of PUMA socks, Munchy’s Oat Crunch samples, Sensodyne toothpaste, Scott’s DHA Gummies and beauty items from FACESHOP. Runners also took home a unique finishing medal that represented this year’s 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 – which are now open for unit-selection, after the public’s overwhelming response to Livia Type A homes.

Besides 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.

The next exciting event will be Bandar Rimbayu’s Raya
Open House
 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.

Find my dream home now!

Categories

Market News

Tagged

City living
property
real estate

Author

Bumbung Team

                                    Previous Article

Land Title Types in Malaysia

                                    Next Article

Do you have enough savings to buy a house in Malaysia?

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Do you have enough savings to buy a house in Malaysia?

Looking to purchase a house sometime soon? There’s more to it than simply taking out your cash, getting a loan and paying the seller to purchase. There 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.

Upfront Payment

The first thing on the list to check whether you have enough savings to buy a house is upfront payment. If you can’t 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’s price for your first two residential properties. So, you will need 10% cash as the upfront payment. Let’s 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’s not forget there are miscellaneous fees like quit rent and land assessment that you need to bear the cost too. So it’s best to have at least 20% cash savings for the total upfront payment.

Sale and Purchase Agreement Legal Fees

When 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:

However, if the property’s price is over RM7,500,000, you can negotiate for a better rate but it shouldn’t be lower than 0.4%. The professional legal fee is subject to 6% GST and approximately RM1,000 and RM1,500 disbursement fee*.

Besides that, the property stamp duty rate is as below:

Here’s an example of Sale and Purchase Agreement fee calculation for an RM1,100,000 property:

From the table above, the total Sale and Purchase Agreement Fees for an RM1,100,000 house are RM37,282 excludes disbursement fee. The disbursement fee* is normally around RM1,000 and RM1,500.

*Disbursement fee includes the following:

Stamping of Sale and Purchase Agreement

Bankruptcy/Winding up search

Company search (if applicable)

Land search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)

Registration of Transfer at Land Office

Affirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment

Stamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment

Transportation

Printing/Facsimile/Telephone/Photocopy charges

Miscellaneous charges

(Sources)

Loan Agreement Fees

There 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’s a sample calculation for 90% loan of an RM1,100,000 house:

For a loan amount of RM990,000, you will have to pay RM14,490 legal fees and RM1000-RM1500 (estimated) disbursement fees.

Valuation Fee

If you purchased a sub-sale property, a formal valuation report is needed to be submitted to the financing bank. Here’s how the valuation fees calculate based on the property you purchased:

For awards greater than RM1,000,000, the fee shall be a minimum of RM3,500 plus the fee based on the following rate:

Source

Therefore, 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.

Others

Lastly, after all those costs mentioned above, don’t 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
TheLorry
‘s 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.

Final Thought

So, when purchasing an RM1,100,000 sub-sale property, you need to prepare approximately 20% of that sum upfront. If you don’t, best to start saving up.

This post is brought to you by Bumbung.

Find my dream house today!

Categories

Buying and Renting Guides

Tagged

buying
finance
Home
investment
New home
property
real estate
tips

Author

Bumbung Team

                                    Previous Article

The fun run in Bandar Rimbayu

                                    Next Article

Affordable Housing Fair

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Affordable Housing Fair

People looking to own affordable homes can visit the ‘Affordable Housing Carnival-Malaysia Property Expo’ (MAPEX) from August 11 to 13 at the Shah Alam Convention Centre.

The
carnival
 is organised by the Real Estate and Housing Developers’ Association (
REHDA
) as well as the Ministry of Urban Well-being, Housing and Local Government (KPKT).

MAPEX 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.

“Properties with special Bumiputera discounts will also be showcased during the carnival,” he said.

Ng 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.

More than 60 developers, government agencies as well as financial institutions would participate in the carnival.

“REHDA is honoured to work with KPKT in organising this carnival as part of our efforts to encourage home ownership,” he said, adding that 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.

He also said that there would be various activities throughout the three-day carnival and attractive prizes to be won.

Visitors will also get the chance to acquire property tips from renowned industry experts at the property talks.

This article was first published on
BERNAMA
.

Find my dream home today!

Categories

Market News

Tagged

buying
Home
KL
Kuala Lumpur
New home
News
property
real estate

Author

Bumbung Team

                                    Previous Article

Do you have enough savings to buy a house in Malaysia?

                                    Next Article

SATORI is Malacca’s first wellness-themed mixed development

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


SATORI is Malacca’s first wellness-themed mixed development

Melaka Chief Minister Datuk Seri Utama Ir. Haji Idris bin Haji Haron unveiled today SATORI, the state’s first wellness-themed mixed development in a ground-breaking ceremony that drew over 200 guests which included Government Officials, corporate leaders and Melaka’s top echelon. The project is developed by the Singapore Exchange listed, multi-award winning
Hatten Land Ltd
. It has an estimated gross development value of RM300 million.

An 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’s burgeoning economy. SATORI, an eye-catching
development
 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.

SATORI, which means “enlightenment” 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.

Categorised into fitness, beauty, leisure and overall well-being, these are just a few of the more than 50 facilities housed in SATORI:

One-stop fitness & aqua gym

Health food outlets

Yoga rooms / Ariel yoga

Sea salt spa & mud baths

Beauty & hair care

Meditation Hall

Infinity pool, sky lounge & cabana

BBQ area & hammock chairs

Herb garden

Red indian play zone

Beanbag theatre

Additionally 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’s growing potential for wellness tourism.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “SATORI 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’s brilliant composition of facilities, residences and accommodation meets the aspirations of an increasingly sophisticated market which seeks quality wellness and health services.”

“Moreover, SATORI’s proximity to Hatten Land’s 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’s west coast straddling the Straits of Malacca, one of the world’s busiest sea lanes,” he added.

Find my dream home now!

Categories

Market News

Tagged

buying
investment
Market news
New home
News
property
real estate
urban development

Author

Bumbung Team

                                    Previous Article

Affordable Housing Fair

                                    Next Article

Frame Your TV as a Piece of Art

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


Frame Your TV as a Piece of Art

Televisions 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,
Samsung
 Malaysia Electronic is proud to unveil The Frame in Malaysia.

This
new lifestyle TV
 beautifies any living space, and is designed to live in harmony with the homeowner’s interior décor. 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.

During the launch, local interior designers demonstrate how the new TV blends beautifully into any living space.

“At Samsung, we believe that design starts with people – 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 décor – be it modern contemporary, industrial or minimalist,” said Jimmy Tan, Head of Consumer Electronics, Samsung Malaysia Electronics.

The Frame’s 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’s living space.

The 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 décor 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.

Finally 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.

Samsung’s elegant The Frame will officially make its debut in Malaysia on 15
th
 August 2017. The recommended retail price of RM14,999 for the 65-inch model and RM9,999 for the 55-inch model.

Sell or rent out your home now!

Categories

Home and Design
Market News

Tagged

Decors
Design
Home
Home and living
inspiration
Interior
Interior design
New home

Author

Bumbung Team

                                    Previous Article

SATORI is Malacca’s first wellness-themed mixed development

                                    Next Article

What's what in Malaysia's real estate

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.


What’s what in Malaysia’s real estate

Real estate can be a rather challenging topic to handle. The years spent in
Sejarah
 (History) and
Pendidikan Moral/Islam
 (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’t 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’t know much. This article is a simple guide to the basics on knowing real estate for a total newbie.

Types of Residential Building

An 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’s budget, so choose wisely within your financial means.

Here’s a simplified list of the local varieties of residential buildings available in Malaysia :

Terraced Houses

-1500-3000 sqft (3/4 bedrooms 2/3 bathrooms)

-Houses share a wall with the adjoining property.

Townhouses

-Similar to terraced houses but bigger in area

-Available in more luxurious areas with build-in communities

-Has basic facilities such as swimming pools, tennis courts, etc.

Semi-D (Semi-detached)

-2200-4000 sqft (4/5 bedrooms 4/5 bathrooms)

-Houses are joined on one side to another property, combining two homes to make up one building.

Bungalows

-4000 sqft upwards

-Detached standalone house with own land

Apartments/Flats

-700-1000 sqft (3 bedrooms 2 bathrooms)

-Housing units within a large building structures owned by developers

-Apartments have basic facilities like swimming pool, gym, security systems

-Flats are more affordable, but sacrifices the basic facilities

Condominiums

-1200-1600 sqft (3 bedrooms 2 bathrooms)

-High end apartments.

-Deluxe facilities like game room, sauna, tennis court, etc.

Studio apartments

-500 sqft (1-bedroom 1 bathroom)

-Single living units for individuals/couples

-Limited space

Types of Land Titles

Being 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.

Freehold titles means that an individual gets total 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 ‘loan’ 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.
Learn more…

Types of Furnishing

All 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’s 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.

Semi-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.

Lastly, 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.

Conclusion

Real 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.

Stay tuned to our blog for the latest information and articles to buzz up your world!

This post is brought to you by Bumbung.

Find my dream house today!

Categories

Buying and Renting Guides

Tagged

buying
Dream house
Home
property
real estate
renting
tips

Author

Bumbung Team

                                    Previous Article

Frame Your TV as a Piece of Art

                                    Next Article

Financing your real estate - Home loans (Part 1)

                There are no comments

Add yours

Cancel reply
Comment
Name
Email
Url

Save my name, email, and website in this browser for the next time I comment.