In 2019, the Federal Territories Minister disclosed that all constructions within Kuala Lumpur would adhere to a maximum ratio of 1:10 (applicable to both commercial and residential real estate), in accordance with the guidelines outlined in the Kuala Lumpur City Plan 2020 (KLCP2020). As a homebuyer, you might have heard about a development being 'high-dense', or high in density. In the ...
read more >In Malaysia, the prevailing practice of renting properties has been riddled with confusion and complications, especially regarding tenancy agreements. Issues such as racism and other influencing factors have further exacerbated the situation. However, the scenario is expected to undergo a transformation in the first quarter of 2022, as the Ministry of Housing and Local Government (KPKT) intends ...
read more >In Malaysia, it is common to come across two types of properties: freehold and leasehold. While the notion of freehold property might evoke the idea of "forever ownership", it is essential to delve deeper into these concepts to gain a comprehensive understanding of each term and their implications on property ownership. The duration or tenure of a property title can be categorized ...
read more >When you are buying a property in the subsale market, your bank will access your loan options and go through the necessary procedure to approve your loan. When you are going to buy a property, the market value is the estimated amount of the property that you and the seller have agreed upon. In clear definition, it is 'the estimated amount for which a property should exchange on the date of ...
read more >In the thrilling quest for a new property, you stumble upon some listings that mention a peculiar property called "SoVo." Bewildered, you hastily consult the almighty Google, only to be flabbergasted by the discovery of its cousins, the mysterious "SoFo" and "SoHo". Now, your excitement has turned into a hilarious confusion, not understanding what they ...
read more >Welcome to the world of property joint purchase in Malaysia, where dreams of owning a home become a shared reality ! Imagine a unique journey where friends, family, or even like-minded investors come together, pooling their financial strengths and forging unbreakable bonds in pursuit of a common goal: acquiring a property that surpasses expectations. This progressive approach not only ...
read more >Are you dreaming of owning a home but worried about life's unexpected curveballs? In the unfortunate event of your demise or a permanent illness, have you ever wondered what would become of your home and family? Mortgage insurance is like the superhero cape your home loan wears to protect you and your loved ones. It's not just important; it's the safety net that ensures your ...
read more >Liquidated and ascertained damages (LAD) is a concept that holds significance in the realm of contracts and construction projects in Malaysia. It refers to a pre-determined amount of compensation that is agreed upon by parties involved in a contract, which serves as a remedy for one party's failure to meet specified obligations within the stipulated timeframe. LAD clauses are commonly ...
read more >Property investment is like playing a game of Monopoly, but with real money and actual properties instead of colorful fake ones. It's the art of strategically buying and owning properties to make your bank account go cha-ching ! You become the proud owner of houses, apartments, or maybe even a fancy mansion if you hit the jackpot. But remember, it's not just about collecting properties, ...
read more >The Overnight Policy Rate (OPR) is a crucial element in Malaysia's monetary policy framework. Managed by the central bank, Bank Negara Malaysia, the OPR plays a significant role in influencing interest rates and shaping the country's economic landscape. As a property investor, homeowner, or industry observer, understanding the OPR and its impact on the property market is essential. In ...
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