Properties Kingdom

New Rule in Malaysia Property Investment

2010-11-16T09:18:00.000-08:00

Third Loan 70%!!

On a third loan, it's already quite hard to get an 80 per cent LVR now. For a first loan, banks usually lend up to 90 per cent of the house value, or even up to 100 per cent in some cases. The country's biggest mortgage players by market share are Public Bank Bhd, CIMB Bank Bhd and Maybank.

Bank Negara Malaysia has put in place a rule that allows banks to lend only up to 70 per cent of the house value from today (4 Sept 2010). The new mortgage lending rule, which applies only to borrowers taking up a third housing loan, is meant to curb excessive investment and speculative activity in urban areas. While Malaysia is not experiencing a general property price bubble, targeted pre-emptive measures are appropriate to moderate the increases in property prices that are evident in select locations, arising from purchases that are speculative in nature.

The residential property prices in the country had increased steadily in tandem with economic development and rising household income. In the more recent period, however, certain specific locations, particularly in the urban centres, have experienced faster growth, both in house prices and the number of transactions. Supporting this trend has been the increase in financing for multiple-unit purchases by a single borrower. This suggests investment activity that is of a speculative nature.

Malaysia BLR is Important for Investor to Take Note!

2010-11-16T09:16:00.000-08:00

LAST REPORTED BLR : 6.30% (Effective Since 13 July 2010)
>>>Rate Refreshed on 4 Nov 2010<<<<<

No.	Banking Institution	With Effect From	BLR (% p.a.)
1	Affin Bank Berhad	13/07/2010	6.30
2	Alliance Bank Malaysia Berhad	13/07/2010	6.30
3	Alliance Islamic Bank Berhad	13/07/2010	6.30
4	AmBank (M) Berhad	13/07/2010	6.30
5	Bangkok Bank Berhad	14/07/2010	6.30
6	Bank of America Malaysia Berhad	13/07/2010	6.30
7	Bank of China (Malaysia) Berhad	14/07/2010	6.30
8	Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad	14/07/2010	6.00
9	CIMB Bank Berhad	13/07/2010	6.30
10	Citibank Berhad	13/07/2010	6.30
11	Deutsche Bank (Malaysia) Berhad	15/07/2010	6.30
12	EON Bank Berhad	14/07/2010	6.30
13	Hong Leong Bank Berhad	14/07/2010	6.30
14	HSBC Bank Malaysia Berhad	13/07/2010	6.30
15	J.P. Morgan Chase Bank Berhad	15/07/2010	6.20
16	Malayan Banking Berhad	13/07/2010	6.30
17	OCBC Bank (Malaysia) Berhad	13/07/2010	6.30
18	Public Bank Berhad	13/07/2010	6.30
19	RHB Bank Berhad	13/07/2010	6.30
20	Standard Chartered Bank Malaysia Berhad	13/07/2010	6.30
21	The Bank of Nova Scotia Berhad	14/07/2010	6.30
22	The Royal Bank of Scotland Berhad	15/07/2010	6.00
23	United Overseas Bank (Malaysia) Berhad	13/07/2010	6.30

Malaysia Base Lending Rate (BLR) History and Trend Chart Since 1976

How to Sell Your Residential Property

2010-11-15T07:58:00.000-08:00

When there is a Buyer, and there is a Seller. How to position your product is counted as well. This article might give you some ideas to increase your selling rate of your property.

The three most important factors in selling a property are location, pricing and condition of the property.

Things that we Need to Pay Attention:

A) Exterior. First impressions are everything and we get a lot of purchasers who want to look at the property from the outside first before making a decision to view the property. So take an objective look at your property from across the road and look at your property as if a buyer will.

Overall appearance: Remove any rubbish or clutter from the porch, driveway and garden. This includes fallen tree branches and leaves, old cars or parts, broken bicycles or home fixtures. Also a good clean on the facade, may it be a thorough clean or a coat of new paint. Do not forget the outside drain and the curb area, ensuring its clean.

Landscape: Though not very expensive, it does play an important role in the sale of a property. Just ensure its simple, clean and neat, with the grass cut and the trees trimmed.

Gutters and rainwater down pipes. Check gutters and rainwater down pipes to make sure they are not blocked. A viewing on a rainy day could take place and you don"t want it leaking whilst you are showing the house. Moreover, these leaks can cause stains to your newly cleaned and painted house.

Gates, Fences, Doors and Windows. Please make sure the all the above are functioning properly, with the windows cleaned.

B) Interior. When it comes to preparing a house for sale, a Paint Job gives the best returns. Paint walls or rooms that are dirty or currently have dark paint colors. Keep the colors natural or neutral—off-white and beige are the best.

The Flooring Preparation is also very important. Giving the parquet a grind and a new layer of lacquer and also preparing the stone based flooring finishes has a huge impact on the potential buyer. Just remember, most buyers are unable to envision the beauty of your property if its not done yet.

Ensuring the house is in Working Condition is also important. Check and ensure all electrical items/points, toilets, taps and doors are in working condition. Also the house must be Safe. A rattling and wobbly staircase or railing could cause to the potential buyer.

Ensure the house is Clean and not Cluttered. A thorough cleaning always shows the house better, especially without the clutter.

If your Real Estate Agent gets the buyer into the house, it is important to make the buyers visit enjoyable and memorable and that means having the house ready. The buyer must be comfortable and remain in the house as long as possible. You do not want a "put off" which will give them a reason to consider the next house on their shopping list

C) The Viewing. ShowTime is here and it is showdown!!!. Open all windows and doors, with curtains, blinds and coverings opened to ensure maximum natural lighting in the house. Potential buyers like homes that are bright and it also gives an illusion of space. Turn on as many lights as possible.

Also make sure the house does not have any bad Smells i.e. stale air, greasy cooking odors. Air the house before the viewing and if possible have some natural scents.

Again please ensure No Clutter. The property also has to be spotlessly Clean with special attention to bathrooms and the kitchen.

These are tips that cost very little and make a big difference to your property. It is simply remarkable how just a little bit of attention to the small details will add to that allure that the potential buyer is looking for! (Article taken from Zerin Properties, 2010)

How to Buy a Residential Property

2010-11-15T07:46:00.000-08:00

This is a very important article for everyone who interested in Investing in a Residential Property, this article very well on what are we should do when come to buying a property.

A) Affordability level
B) Determine the location you like.
C) Determine the type of property you want.

D) Sourcing for the properties. How? >Go through all alternatives and the most common manner is of course to call your friendly Real Estate Agent or referring to the Classifieds in the local News Papers. Do call the numbers listed and the most important questions to ask are as follows:

Tenure i.e. Freehold or Leasehold (if leasehold, how many years left)

How old is the property?

Land Area

Built Up Area

Number of Rooms and bathrooms

Why is the owner selling

Who was the occupant

Condition of house (best is for you to see it yourself)

What does the sale price include

Is it with vacant possession?

Is there built ins and kitchen cabinets?

Then arrange for a viewing (please make sure it is during the day or with a bit of natural lighting) and see it for yourself and with another party.
Things to look out for (and ask):
If there are major renovations, inquire on whether approvals were obtained

How recent were the changes done to the wiring and plumbing (for homes more than 15 years)

Observe for leaks and any broken items

Observe window panes and door frames for termite infestation (good to also ask on Pest Control Contracts)

How recent was the roof changed (for really old houses i.e. more than 20 years)

Quality of fittings

Observe what you would like to change in the house to suit your lifestyle

How long its been on the market?

Is the price negotiable?

E) Determine whether the micro location suits you, whether you like the property and how much it will costs you to do it up to suit your liking. Also remember you might not be able to do all the renovations at one go, so focus on the main ones i.e. wiring, plumbing, painting, built ins. Put a weight age to your decision making process so you will not be bogged down by just one reason. Make sure the decision is based on what is your liking and compatibility with your lifestyle. The decision is yours and your partners only. (Article taken from Zerin Properties website, 2010)

Malaysia Top 10 Property Developer 2010 Rank by The Edge

2010-11-15T07:22:00.000-08:00

Just recently, 11 Oct 2010, The Edge announce the Top 10 Property Developer in Malaysia.

Below is the Ranking and the Link the the Developer Website;

Congratulation to S P Setia Berhad.

The Edge Top Property Developers Awards 2010

No. 1 – S P Setia Bhd
No. 2 – Sime Darby Property
No. 3 – Sunway City Bhd (SunCity)
No. 4 – Sunrise Bhd
No. 5 – IGB Corp Bhd
No. 6 – IOI Properties Bhd
No. 7 – I&P Group Sdn Bhd
No. 8 – Bandar Raya Developments Bhd (BRDB)
No. 9 – Mah Sing Group Bhd
No. 10 – IJM Land

Feel Free to send in me any email if you are interested in Investing/Sell/Rent on any Property in Malaysia.

Welcome to Properties Kingdom

2010-11-15T03:31:00.001-08:00

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A place that fulfill your satisfaction in Real Estate

A place that for you to meet good people... like me

Cheers,

Mr. Properties at Your Services