Property Insights

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

Property refinancing refers to the process of replacing an existing mortgage or loan on a property with a new loan that has different terms and conditions. It typically involves obtaining a new loan from a different lender (bank) or renegotiating the terms with the existing lender. There are several reasons why property refinancing is important: Lower Interest Rates: One of the primary ...

Many of you may be curious about the concept of stamp duty. It is a fee or tax imposed on various legal documents such as loan agreements, tenancy agreements, and property transfer documents, including the Sale and Purchase Agreement (SPA). Understanding stamp duty can be challenging, so here is a helpful guide to explain its significance and implications. Let's delve deeper into this topic ...

Embarking on the journey of purchasing a property under construction in Malaysia can be an exhilarating yet perplexing experience. One aspect that often leaves buyers scratching their heads is the Progressive Payment Schedule. This financial labyrinth is designed to ensure that buyers make payments in stages as the construction progresses.  Picture this: you find your dream property, sign ...

When a house owner receives Vacant Possession (VP), it marks a significant milestone in the completion of a construction project or the transfer of ownership in a subsale property. While it may not be as dramatic as a Hollywood blockbuster, it's still an exciting event for homeowners-to-be.  First and foremost, prepare yourself for a rush of mixed emotions. Anticipation, joy, and maybe ...