Category: Kuala Lumpur / Selangor Props
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Only RM20 per year for parcel tax for the M40 household strata property owners. WOW.
What is parcel tax? This is effective from 1st January 2020 onwards. This is considered a new name for quit rents for strata buildings. Of course, change of just the name is not all that changed yeah. Federal Territories Minister Khalid Abdul Samad says that parcel tax will be more transparent and allows owners to…
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CAN’T predict the market but CAN give facts about… Kuala Lumpur.
Before you continue to ask me why I am always so supportive of the Malaysian property market or whether there’s something wrong with me, well let’s get this straightened out first. Sorry, I am not saying we should simply buy any property in Malaysia or even within Kuala Lumpur yeah. Whether it’s a booming market…
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What happens when your rental unit is damaged by fire?
Many of us may have bought a place of a few hundred thousand ringgit and rented it out for a few thousand ringgit every month. Ever wondered what happens if the unit was damaged by fire? I was also wondering about this topic when my good friend who’s a down-to-earth and knowledgeable lawyer Alfred Chong…
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Land price going higher, home price going higher, right?
Do we believe property prices are going up because developers had to pay ever higher prices for the land which the development is to be built? I do not think so but my opinion does not matter. Let’s look at some numbers. The below is a very clear image showing how land price increase seem…
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Maybe even lower home loan rates and lower fixed deposit rates this year.
It was a surprise for many when Bank Negara Malaysia (BNM) reduced the Overnight Policy Rate (OPR) recently. Article here: Yeah, lower mortgage rates, Oops, lower FD rates too It’s loved by many home buyers and yet it’s not a good news at all for those with lots of fixed deposits (FD in banks. While…
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18% discount has started. PLUS expressways. Have you enjoyed it yet?
I am still in Sandakan, Sabah for my Chinese New Year holidays. Thus, I am unable to enjoy the 18% discount on PLUS expressways until coming Monday (3rd February 2020). I hope everyone enjoys this 18% discount which will be in place until 2058. To be objective, it’s true that with the inclusion of yearly…
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Unsold SOVOs and SOHOs will take 12 months to clear. (or up to 5 years)
SOHO stands for Small Office Home Office. SOVO stands for Small Office Versatile Office. There’s also SOFO which stands for Small Office Flexible Office. All are supposed to be very useful for small business owners who may be working alone or with a small team and does not need the usual shoplots. Most of the…
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It’s RM500,000 down. It’s not RM500,000 as the final price. Oops.
I was having a coffee break with a bunch of good friends when one of them mentioned that the Malaysian property market seems to be very slow. That was why the government announced that the threshold for foreigners to buy a property in Malaysia is lowered. I reminded them that the threshold is only for…
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Do not be too hung up about the overhang.
Unsold properties in Malaysia? I think everyone we ask will tell us about the seriousness of unsold units. Then, some will say that they intend to wait for price to drop before buying since the market outlook is negative. Upon asking about the level of price drop which will compel them to buy and many…
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HOC is over? No extension thus far. Discounts of up to 20% to continue.
There has been no announcement of an extension for Home Ownership Campaign (HOC) thus far. Perhaps this is because of the success thus far. It has hit its target and has helped to clear quite a number of unsold units from the market including those built under PR1MA programme. The HOC’s results article here: HOC…
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Catalysts for Malaysia property market. Lots more on the way. Cheers.
Stop looking at an area as a popular or not a popular one. This is especially when it comes to Greater Kuala Lumpur. The growth in population is driving the demand for properties further away and well, KLCC is already out of reach for many. It is better to look at what’s the potential and…