Operation of residential, industrial or commercial real estate is what Property Management is. Handling the needed people, systems and processes to manage acquired properties which would include the control, acquisition, accountability, maintenance, disposition and utilization of it’s what it would entail. This is what Property Management is defined as.

The roles undertaken in property management would usually include operating on the landlord’s behalf and acting as liaison between landlord and tenant. In addition to that, a property manager would take on the duties of collecting rent, maintaining the real property, and serving as buffer between the tenant and client if this what the client would want.

Accounting and managing the finances of the real property and acting as the client’s representative when dealing with contractors, insurance agencies and tenants are some of the responsibilities required of this profession. Issues with regards to litigation are also handled by the property manager, but are ideally dealt with an attorney with expertise in that area.

This is why property managers normally have attorneys under them and since property managers most often deal with legal issues that would most commonly include non-payment, harassment, evictions, and other such occurrences that are commonplace in Property Management.

Property management services will handle your property investment and they would work to maximize yours and their profit through a number of methods. Such property management services would also market your property and do thorough screenings on prospective tenants to mitigate the chances of a tenant being a problem in the future.

This is especially ideal for those who indulge in buying investment property aboard or foreign investment in real estate to take advantage of, since they would not have easy access to the properties they had purchased and would need someone else to do so for them. These services would usually charge a fee of about 10% of rental income for your property. This is an affordable fee considering the time, worry and effort you are saved from.

How to choose a professional property management companies? Just be sure that the property management service companies you choose to hire are actually reliable and fulfill the requirements for this profession of the state or country your property is located at. Licensing is usually required in most countries, but requirements to practice property management vary from state to state and country to country. You will have to do your research first before actually entrusting one with your property, since you may very well lose much of your property investment and may even get your property in trouble.

To certify the training for Property Manager, the Building Owners and Management Association or BOMA have made a list of industry-standard designations. Real Property Administrator or RPA and Facilities Management Administrator or FMA are a few of these titles used to certify a trained property manager. Be sure to look for these credentials in the real estate agency or individual you will hire to do your property management for you and you will have further protected yourself from problems arising from an unreliable property manager.
Author: Martin Sejas

Technorati Tag :
Property Investment, Buying Investment Property, Property Management, Property Management Companies

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At the point of house foreclosure, the bank mortgage loan or financial institution has possession of the property and usually deals with it. Ownership is moved to the lender. Most of the time, when the lender takes the property their intent is to sell it in the open market. Some of the property are selling lower than the market value. Property investor who buying foreclosed homes with lower price could maximize the profits of property investment.

The advantage of buying foreclosed homes is that it will be less expensive as it is not good for anything further. Many people in fact sell the homes before the notice of default is issued so that they can get better deals out of it. One should remember that default homes deals are always complicated and the home sellers have rights when it is in foreclosure.

The effective way to buying foreclosed homes is both parties; the home buyer and the home seller should seek some legal advice to avoid any further problems especially the legal ones. Home sellers might think that a minor problem will go away with time which is the biggest blunder they do because problems with such property dealings can pop up at any time.

There are many investors who are interested in buying foreclosed homes before the foreclosure proceedings are final.  Sometimes it happens that the home buyer is not allowed to see the foreclosure he/she is buying so it might be possible that the interior is too much destroyed and no one knows whether the house is in a position to be brought back to the living conditions or not. So it is advisable that before entering into a foreclosure do keep in mind what kind of a deal are you get.

As a cherry on the icing, it is even possible that you might have to evict a tenant or the owner from the premises when you receive a title and the eviction process might be costly. Do check always when you are buying foreclosed homes because such things can turn out to be really costly.

Make sure that you get the property history and make sure that you ask the real estate brokers figure out how much purchase price is on the bank’s deed and then compare from what the bank is offering. To do a stress free deal and then to sleep peacefully do check for such small things especially the legal ones to get a fair deal.

Before buying foreclosed homes, what is your objective in buying foreclosed homes? It’s for living purpose or buying investment property. Get the possible capital growth property & high demand  for property investment. Buying foreclosed homes with your choosing peaceful location for living purpose.

Technorati Tag : Property Investment, Buying Investment Property, Real Estate Brokers, Buying Foreclosed Homes

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Selling or buying a commercial real estate is one of the most difficult jobs and most of us are not smart enough to handle all the details in the most economic manner. Selling your own land might save you the commission payable to professional real estate agents however; you will spend double the amount through other channels in the transaction process. You save in the beginning step but might spend more in next.

It is always advisable to get a professional real estate agent to help you with your transaction or to deal with established real estate buyers while selling your property. Choosing an expert real estate agent can make a big difference as they are most informed about all real estate investment opportunity and can ensure that you get the maximum return out of your real estate transaction. At the same time, professional real estate agents would manage all the legal issues reducing your burden.

Lets now see the benefits of hiring an expert real estate agent. Professional real estate agents equipped with the latest and up-to date information on real estate market. The available information is always accessible to interested clients. They provide clients with information about the latest happenings in sales price data, comparative costs and other labor costs to help clients to make the best out of their property investment.

These professional real estate agents also provide access to other information, which can make big difference in your decision about choosing the perfect real estate investment opportunity. They will provide you with information like market lease trends, popularity study and a comparative report on the changing trends in different real estate markets in different states.

Professional real estate agents also look after the economic trend that affects the real estate market. These information can be used by the prospective client to study the current real estate market and choose the ideal property that fits his purpose and pocket. They are capable of handling thousands of data and handling very large transactions that involves millions of dollars. In order to get the competitive edge, a client should get the latest information from the professional real estate agents.

A real estate transaction involves legal issues and complexities, which are very difficult to be single handedly taken care of by any layman. These professional real estate agents are trained and able to solve the complicated legal issues and thus save your valuable. Although the real estate agents will take their share from the sale proceeds as commission, but it’s worth giving that amount rather than making an improper buying investment property.

Pay to the professional to work for you and save your time and money, let your real estate venture goes smoothly. It’s advisable not to venture into a real estate transaction without the guidance and advice of professional real estate agent. They have the right training and equipment to give you proper advice and transaction services so that your money gets into the right channel. They learn how to become a successful real estate agent and provide a professional services.

Technorati Tag : Property Investment, Professional Real Estate Agent, Real Estate Agent, Buying Investment Property

1.Before thinking of what type of property and before starting to go out look at properties, be sure to have your finances is ready beforehand. There is no better time to take a good hard look at your credit report, as it will have a major impact on the amount and kind of financing that you can get. If you find any discrepancies in your credit report, now is the time to get it taken care of as quickly as possible for buying a home.

2. Secondly, to know exactly what you are looking for before you even get started. So take out a piece of paper, sit down and carefully list all of the most important features of the home you need in your life.

Where do you plan for buying a home? Does it need to be near a certain school district? What size home will be needed? What size garage should it have? Do you want a one story or multi-story home? How many bedrooms and bathrooms should it have to accommodate everyone in your family?

There are plenty of other questions that you could ask yourself at this point, so try to get a clear picture of the kind of new home that you would like by brainstorming in advance..

3. What kind of property that you are interested in buying a home depending on your personal finance. Your monthly loan repayment and the down payment (including moving cost and renovation) will guide you to what type of property you are afford for.

4. How do you plan in buying a home? For instance, would you prefer buying a home through multiple listings or for sale by property owner? Would you consider buying a home in foreclosure? What price range is the home that you would be interested in? If you are a luxury home buyer, then you should focus on that particular segment of homes. If you’re a first time home buyer, then most likely your sights will need to be set on much less expensive homes. Look for some important home buying tips for first time home buyer.

5. Find the lender who will give you the best deal, and in get pre-approved for your home loan. This process will also help determine for sure what price range you can afford, and it can also help you in the negotiation process as well. It’s always an advantage when you already have your financing taking care of, and can go ahead and place a legitimate offer on buying a home without having to wait for pre-approval.

6. Real estate agent could help you get tips and information, and steer you in the right direction to find the home that you want. The most important consideration is to make sure that the real estate agent is indeed working for you as the home buyer and not for the seller of the home that you want to purchase.

In order to find a high-quality, reliable real estate agent, ask your family and friends and anyone you know for recommendations or online searching for it. You should have a short list of real estate brokers or property agents that you can choose from. Increasing of complexity of buying real estate property these days, it makes a lot of sense to use a real estate brokers or property agents

Buying a home can be a little intimidating and many factors take into considerations. If you follow the six important buying a home steps listed above, it will help you stay on the right track and ensure that you get the best deal possible on buying a home on what you dream for it. This help buying a home for living or go for property investment.

Technorati Tag : Property Investment, Real Estate Agents, Real Estate Brokers, Buying A Home, First Time Home Buyer

Real estate training is essential for the people who want to become a successful real estate agent. It helps them to learn all about real estate business. Real estate business requires some basic knowledge of the business and skill to perform all transactions. Real estate business will be one of the good carriers for a now and in future as well. Real estate training suggests them all the ways to achieve their goals.

To become a real estate agent, real estate license is the basic requirement. Even it is an essential thing to conduct real estate business. Real estate internet business is the best option to join real estate business. Some states provide online real estate training courses that will help you to complete pre-license requirements. Before joining real estate business people should satisfy some pre-license requirements. They should be of at least 19 years, be managed a proctored exam, have high school diploma or some equivalent to it, pass a state exam, have completed a least approved course.

Generally real estate training gives some guidelines to understand some real estate basics. They can easily learn about ownership transfer, real estate law and math with the help of real estate training. They are taught how to deal to with real estate transactions during their real estate training course.

Successful real estate agent should avoid from common mistakes make by some other real estate agents. Check it out what are the top 7 mistakes make by real estate agents. Real estate training enables successful real estate agent to understand the tips and tricks of the real estate contracts. People who want to join some state approved real estate training should have initial license.

Anyone can be a successful real estate agent. With attending real estate training, real estate agent could be learn the basic then plan to become a successful real estate agent. They can run a successful business only if they have great professional habits, good salesmanship and the enthusiasm to learn more about real estate. Real estate business requires great working skill.

People can learn about real estate business not only real estate training but with some related books. They can also join some online real estate training courses that provide information via Internet. Nowadays, many successful real estate agent are making money in real estate business. Real estate brokers should be kind, knowledgeable, efficient as well as trustworthy. They should know the skill how to attract more customers.
They can also take some suggestion from the experienced real estate agents, learn for successful real estate agent or the property investment Guru. Real estate business may be wonderful business but only thing that it requires real estate training.

Technorati Tag : Property Investment, Successful Real Estate Agent, Real Estate Agent, Real Estate training

With this cheap property market, it may be time to start looking for buying investment property. When you’re ready to qualify for a home loan, make sure you shop around to get the best home loan rates available.

Here is some tips how to get home loan and make you home loan application complete without rejected……

1.Use A Broker: Preferably a whole of market broker. They’ll be able to give you advice on how much you’ll be able to borrow. Some of the country (like London), offer a free service and good advice.

2.Do A Credit Check: lenders use it when they decide whether to make you an offer and what interest to charge, so you should see what they’ll see. Look for errors or misunderstandings and correct them.

3.Have A Credit History: If you’re a first-time buyer who has never borrowed money before you will need to create a credit history. Take out a small loan or credit card and repay it in full and on time, every time. A good loan repayment record will make your home loan application easy to get approval.

4. Make Sure You’re On The Electoral Roll: The electoral roll helps lenders to check that you live at your current address and that they have been given all your previous addresses.

5. Apply For Reasonable Amount: Be realistic about the amount you can borrow – don’t ask for more than you can afford to repay. Most mortgage lenders still require a 25 per cent deposit for their best deals these days, so it’s better to wait and save up than take a deal you might have difficulty servicing later on – interest rates may well go up in future.

6. Pay Off Debts: Past debts or missed repayments are part of your credit history and may put lenders off. Pay off as much as possible before making any new applications and add a note if special circumstances explain previous problems.

7. Do Your Research:  Each lender has a different ideal customer profile so look for the ones that match your circumstances and offer the best value to you. Online price comparison sites can help.

8. Don’t Fire Off Multiple Applications: Each one triggers a search of your credit report and lenders who see lots of them in a short period could suspect you’re desperate for money or even think a fraud is being planned.

9. Cut Old Ties: Make sure you’re no longer financially associated with former partners, as their credit history could affect your ability to borrow, so close old joint credit accounts, such as cards or loans.

10.  Do A Budget: Once you know how much you can borrow, do a budget so that you can cover other costs in the moving process (fees etc) and so that you’re sure you can cover your monthly mortgage payments going forward.

Manage your debt responsibly. Debt consolidation is correlation to how to get home loan. Debt management of all types of loans can forms of debt. It’s always wise to shop around. And once you get the loan you want, it’s a good idea to keep tabs on its overall cost. It’s very easy for debt to spiral out of control once you begin slipping on your payments.

Before you borrow, make sure you can manage the debt you take out; otherwise, don’t buy! Ask yourself honestly whether the purchase you want to make is something you can afford. Defer any purchases that you haven’t budgeted for.

It might be harder to get a home loan when lenders have tightened their standards, but I believe that with these ideas, strategies and some prep work, you’ll increase your chances of getting the best loan rates available.

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1) No Business Plan or Business Strategy
So many new real estate agents put all their emphasis on which real estate Brokerage they will join when their shiny new license comes in the mail. Why? Because most new real estate agents have never been in business for themselves, they are only worked as employees. They believe that getting into the real estate business is getting a new job. What they are missing is that they are about to go into business for themselves. If you are ever opened the doors to any business, you know that one of the key ingredients is your business plan. Your business plan helps you define where you are going, how you are getting there, and what it’s going to take for you to make your real estate business a success. Here are the essentials of any good business plan:

A) Goals - What do you want? Make them clear, concise, measurable, and achievable.

B) Services You Provide - choose residential or commercial, buyers/sellers/renters, and what area(s) you want to specialize in. New residential real estate agents tend to have the most success with buyers/renters and then move on to listing homes after they’ve completed a few transactions.

C) Market - who are you marketing yourself to?

D) Budget - consider yourself “new real estate agent”, and write down every expense that you have (gas, groceries, cell phone, etc…). Then write down the new expenses you’re taking on (board dues, increased gas, increased cell usage, marketing.. etc)

E) Funding - how are you going to pay for your budget with no income for the first (at least) 60 days? With the goals you’ve set for yourself, when will you break even?

F) Marketing Plan - The most effective way to market yourself is to your own sphere of influence (people you know). Make sure you do so effectively and systematically.

2) Not Using the Best Possible Closing Team

The greatest business people surround themselves with people that are smarter than themselves. It takes a pretty big team to close a transaction buyers agent, listing agents, lender, insurance agents, inspector, appraiser, and sometimes more! As a real estate agents, you are in the position to refer your client to whoever you choose, and you should make sure that anyone you refer in will be an asset to the transaction. And the closing team you refer in, or put your name to, are there to make you shine! When they perform well, you get to take part of the credit because you referred them into the transaction.

The deadliest duo out there is the new real estate agents & new mortgage broker. They get together and decide that, through their combined marketing efforts, they can take over the world! They are both focusing on the right part of their business marketing but they are doing each other no favors by choosing to give each other business. If you refer in a bad insurance agent, it might cause a minor hiccup in the transaction you make a simple phone call and a new agent can bind the property in less than an hour. However, because it typically takes at least two weeks to close a loan, if you use an inexperienced lender, the result can be disastrous! You may find yourself in a position of begging for a contract extension, or worse, being denied a contract extension.

A good closing team will typically know more than their role in the transaction. Due to this, you can turn to them with questions, and they will step in (quietly) when they see a potential mistake because they want to help you, and in return receive more of your business. Experienced players for your closing team will help you infinitely in conducting business worthy of more business and best of all, its free!

3) Not Get Necessary Tools
You need money to getting started as a real estate agent, it’s expensive. The license alone is an investment, and your time and effort in long-term contribution. However, you’ll run into even more expenses when you go to arm yourself with the necessary tools of the trade. And don’t fool yourself they are necessary because your competitors are definitely using every tool to help them.

A) Mobile Phone w/ a Beefy Plan These days, everyone has a cell phone. But not everyone has a plan that will facilitate the level of use that real estate agents need. Plan on getting at least 2000 minutes per month. You want, and need, to be available to your clients 24/7 not just nights and weekends.

B) Laptop is needed. You have a laptop & be savvy enough to use email. You would be wise to invest in some business management software, as well. New real estate agents are often surprised by just how much time they spend away from the office, and a laptop helps you stay on top of your work while on the go.

C) Real estate friendly car. You don’t have to have a Lexus, but make sure that you have a 4 doors car or SUV that is comfortable and presentable. Keep it clean, and for gods sake, don’t smoke in it! You are going to spend a lot of time in your car, and put a lot of miles on it, so if its fuel efficient, its a big plus.

4) Lack of Proper Funding
If you’ve taken the time to create your business plan, than you should definitely have your budget. However, the budget alone doesn’t address the important aspect of funding. 90% of all small businesses fail due to lack of funding. Typically, new real estate agents will want to have 3~6 months of reserves in savings before taking the leap into full time agency. Maybe your partner can support you for a certain period of time. You can keep a part-time job that won’t interfere with your business as a real estate agent.

5) Refusing to Spend Money on Marketing
Rookie real estate agents don’t realize that the hardest part of the business is finding the home buyers. Furthermore, they’ve just shelled out around $2000 for their license and board dues, so the last thing they want to do is to spend more money! Again, the problem lies in the lack of understanding that you’ve just jumped into the Real Estate Business, you haven’t taken a new job. And any good businessperson will tell you that how much business you get is directly correlative to how much you spend on marketing. If you choose the right brokerage, then you will get some good inbound leads. However, don’t neglect a good, personal marketing campaign from the beginning to get your own name out as the real estate agent.

6) Not Focusing Their Marketing Efforts in the Most Effective Areas
No respond or bad respond make many new real estate agents stop spending money on personal marketing.  Real estate agents spend it in the wrong place. The easiest place, and where conventional real estate tells you to spend your money, is in conventional print marketing the newspaper, real estate magazines, etc This is the most visible place to see real estate advertising, its where large offices spend a good part of their money, and so many new real estate agents mistakenly spend their money here. This becomes very frustrating to new agents because of its low return. Large brokerages can afford to spend their money here because they are filling two needs. They are marketing their own properties for sale while creating new buyer traffic for their buyers agents. New Real Estate Agents should look to their own sphere of influence and referral marketing to see the most effective return on their investment. An agent can spend as little as $100/month marketing to their family, friends, and colleagues and see an incredible return.

7) Choosing the Wrong Brokerage for the Wrong Reasons
New Real Estate Agents choose their new broker for a variety of reasons they have a good reputation, they offer the most competitive split, the office is close to their house, etc. Reason to choose a broker, and the question to ask is, “what do you offer your new agents”. If the answer is, the most competitive split in town you should definitely keep looking. If you are leaning towards the largest broker in town, who has a great reputation, remember this: You are starting a business not a job. It’s no accomplishment to hang your license on the same wall in the same office as other successful agents.

Concern when interviewing new Brokers is what they offer you as a new agent. Do they have incoming leads? What does their training program consist of? What’s their retention level? What’s their average sales price? Do they encourage their agents to promote themselves? A brokers purpose is to help new agents start successful careers and to help established agents progress their careers to the next level. As a new agent, concern yourself less with commission split or agency name and more with specific programs and agency standards.

Career in real estate is very exciting and it can build your network, explorer yourself to market as well. Starting a real estate business provides the new real estate agents with opportunities for limitless potential and freedom. New real estate agents have a notoriously high failure rate. However, a new real estate career can also be a very scary prospect. If you can learn for here and avoid the 7 Top Mistakes Real Estate Agents Make, then you’ll be far ahead of the competition in property market.

Technorati Tag : Property Investment, Property Investment Guide, Buying Investment Property, Real Estate Agent, Real Estate

One of the benefits of purchasing the DIYLoanModKit is that we have done many loan modifications, and we continue to do modifications for others. In that time frame, we have learned quite allot about what lenders look for in an income/expense ratio.

You see, most lenders had pretty much settled on a specific formula, which they used as a benchmark to determine whether they would consider modifying a loan. This formula was based on a specific debt-to-income ratio, which was customary in the industry.

That’s until a study done at the end of 2008 showed that 60% of all loans which were modified at the beginning of that year had re-defaulted! So the lenders had to make a change to their ‘formula,’ to prevent modifications of loan which were likely to re-default, while still giving a chance to worthy borrowers.

Now it took us a brief period of trial and error before we could ‘figure it out,’ but we finally found the winning combination, and dramatically improved our success rates. You can find this new formula, along with many other nuggets, in the DIYLoanModKit.

However, nothing is certain except change itself! Because just when we thought that we had our formula together, the President went ahead and changed the formula. On Wednesday, February 18th, 2009, President Barack Obama unveiled his plan to help struggling homeowners.

In this plan, up to 9 million homeowners should be able to get their loans modified, either by Fannie and Freddie, or their existing lenders. However, the plan does not mandate compliance, but rather gives incentives to lenders and services to modify loans early.

So what does this mean for you?

Well for starters, you should review the complete guidelines which were released on March 4th, 2009, to see if you qualify. Secondly, since the modifications are still not mandatory, you must still know how to package your deal, so the lender says yes.

First, let me tell you that this is not Rocket Science! But you still to have a little “insider” knowledge to make it happen! Mortgage refinance loan can help reduce loan repayment amount and save interest charge over a long period. It seem to help maximize the total return of buying investment property or rental yield.

Wishing you all the luck in your situation…
Learn more about doing your own loan modification click here.

Getting a refinance mortgage loan can be a smart move for many homeowners. This is especially true if the interest rates are low. In the world of finance, interest rates directly affect the way mortgage rates behave. So if the interest rates are low, then mortgage rates will also be low. Low mortgage rates in turn lead to bigger savings from your monthly payments.

4 Tips On How To Refinance A Mortgage Loan

1. Make sure that the drop in interest rates is enough to make a refinance mortgage loan worthwhile.

2. To determine if refinancing your mortgage loan will save you money, compare the total costs to refinance, as well as interest rates.

3. Generally, the lower the interest rate, the more points the lending institution will charge.

4. A lower interest rate gives you less interest to deduct on your income tax, which may increase your tax payments and decrease your total savings from refinancing.

What Will It Cost To Refinance A Mortgage Loan?

A refinance mortgage loan generally means paying off your original mortgage by signing a new loan. Your refinance mortgage loan acts like your typical mortgage loan. That means that you pay most of the same costs you paid to get your original mortgage. Having said that, the total expense of a refinance mortgage loan depends on all those factors interest rate, number of points, and other costs. Lenders will charge several points in order to offer you the lowest rates.

4 Reasons You May Consider A Mortgage Refinancing Loan

1. Dropping of rates - Usually, when rates drop by 1% to 2% mortgage refinancing can be one good option.

2. Consolidation of debts - Through mortgage refinancing, consolidating your debts into one payment is viable if you have equity in your home.

3. Staying in your home for an extended period of time -The lower interest rate for refinancing can be best enjoyed if you are to stay in your home at least 5 years.

4. Reducing the mortgage term - Larger monthly payments will enable you to pay your loan quicker. Since shorter term programs have lower interest rates, surely, you’ll be able to save more with this kind of refinancing.

Here are 4 terms to look into to help get the best refinance mortgage loan.

1. Loan size

2. Paid points

3. When is the closure of the loan?

4. Locked or floating rate

Shopping around is one of the best things you can do with any kind of refinance mortgage loan. Know the credibility of your choice lenders. Allow ample time for you to get the hang of all the refinance mortgage loan terms if you’re a newbie on this industry. Doing your homework will save you not just some money but also from future headaches.  One options for DIY Loan Modification Kit, Click Here

Dean Shainin is a consultant specializing in home loans, strategies for loan financing, home equity loans, and consolidation loan information. To see a list of recommended loan companies, tools, resources, free quotes and articles, visit this site: http://www.homemortgageloantips.com

Get free valuable online tips for saving money from his: Home Refinance Loans website.

Author: Dean Shainin
Article Source: EzineArticles.com
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At the point of house foreclosure, the bank mortgage loan or financial institution has possession of the property and usually deals with it. Ownership is moved to the lender. Most of the time, when the lender takes the property their intent is to sell it in the open market. This can happen by either making an agreement with the borrower in pre-foreclosure or they can buy it back at a public auction held by the county.

Home loans lender own those properties that are re-possessed. In other word, bank owned the foreclosure units. Other times the borrower can get out of losing there home when the government gives them a certain allotted time to pay off the remainder of the home loans.

Another option for the buyer is that when they go into foreclosure they sell the home to a 3rd party buyer who then pays the remainder of the loan and it saves the borrower from getting the bad credit. One other option is that a home-buyer buys the home at a public auction.

By reading the previous paragraph you should have a general idea as to why it might be the best option to buying a home in house foreclosure market. Go into to buying a home during the percent of foreclosures are increasing nationwide. More choice in term of location, personal budget, …etc.

Home prices are finally starting to come down a little for house foreclosure, track record show home buyer who buying a home in foreclosure usually purchase they’re home 25% cheaper than those who don’t buying a home foreclosure.

Another possibility of buying a home is that it is very possible to take the home and fix it up, and re-sale it, or what it’s call home flipping. There is opportunities to make money by buying investment property and why buying investment property. However, property investors would definitely have to do they’re research on the house foreclosure units, and make sure they are making the right property investment.

Home flipping purpose owner not only would have to figure out how much it would take to buying a home, but to re-model, and then put it back on the property market. Either you are buying a home to keep, or buying to sell. If there are house foreclosures in your area, and you are plan to buying investment property, figure out the units check. Over a thousand or million house foreclosures are record during market recession.

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The truth is that there are lots of property investors who hire property management companies to look after their concerns for them. Get professional advice and management from property management companies. Fell free to really consider what a professional property manager could do for you. Look for the one suits for your need, then next is how to choose a professional property management companies?

Let’s share about the way and how to choose a professional property management companies. Get your money worth for their effort and get the better care to your properties from property management companies.

1. Organization of property management companies
How big of the group of the property management company? When you visit their offices, are things neatly filed away and close to hand, or does it look like an explosion of paper work? If the work place isn’t tidy, you may be in a place where important paperwork gets lost or misfiled. How the office is managed, is how their attitude will be to manage your properties.

2. Property Law and Regulations
Property management companies have extensive and up-to-date knowledge of property laws and regulations and will assist you in making sure you are in compliance with your local, state and federal rules and regulations. These rules and regulations include complying with fair housing regulations, Disabilities Act and other applicable local, state and federal laws. Avoiding one law suit will more than pay for any property management fees many times over.

3. Experience of the property management companies
To what extent have the property management companies managed properties and how long have they been in this business? It is one thing to manage a few family homes, and quite a different one to manage an apartment building that holds more units. Their should have different to manage various type and size of properties.

4.Respond of the property management companies
When you get to contact them, they should give you a response in a reasonable fashion. If they don’t get back to you in a reasonable amount of time, will you expect them to get back to your tenants in a reasonable amount of time either!

5.References for the property management companies
Anyone you know about who lets this company manage their properties? Knowing the person and see what’s property management companies are good and which ones to avoid. Get anyone to know the property management companies from their clients will more proven.

6.Cultural sensitivity
When you are looking for a property management companies, be aware that they are going to deal with any one who might care to rent from, regardless of their race, sex or sexual orientation. Unless they can be civil, you do not want them working for you.

7.Procesure or Checklists
Property management companies should show you their procedure what they are willing to do for you and what kind of duties that you are going to be taking part in? This is an important way to figure out what is actually going to be done for you. So that you can make sure your money worth for the service and property management companies get the paid.

8.Reseach on other properties under their management
Take a look at the other properties that they manage. Are they well maintained and does it look like the people who live there are happy with it? Take a moment to stop some tenants and see how they feel about the property management companies that runs their property. Here is getting information from tenants.

9.Money Management
A professional residential property management companies have systems and strategies to improve rent collection and on-time rent payments. This allows you to ensure swift and consistent rent collection. Quick and consistent rent collection is absolutely critical in this real estate market where good cash flow can mean the difference between success and failure as a real estate investor. Not only rent collection, some other payments related as well.

10.Business Bureau Ranking in Property Investment
How do they rate on the good in property industries? This can be an important step for you to take when it comes to finding professional property management companies that can help in property management.

So, doing your research on property management companies, get property management companies that you feel convenience and trusted to help you run your Property Investment smoothly and archive your financial in long term investment.

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With the help of APR, you will be able to compare rates offered by the different lenders. The following costs or fees are included in the Annual Percentage Rate –

•Fees for underwriting
•Points that include discounts and origination points
•Fee for processing the loan
•Prepaid interest
•Fee for preparing document
•PMI or private mortgage insurance

Why shouldn’t mortgage APR be considered as the sole factor for comparing loans?
The Annual Percentage Rate assumes that there is zero inflation as a result of which the dollar value will not change for the next 10 to 20 years. However, this is a utopian concept, it does change with time. And when lenders calculate the mortgage Annual Percentage Rate, it is assumed that the borrower will not pay back the mortgage within the next few years. However, it may be so that the borrower is able to pay back the mortgage loan or at least the major portion of the loan much before the loan term ends. It has been observed in majority of the cases; borrowers tend to pay back their mortgages within 7 years to 9 years of the loan term.

The mortgage APR doesn’t take into account value of money that is used in making payments to the lender as fees despite the fact that the same can be used to enjoy lower rates on a mortgage. And until the fees are not summed up with the closing costs, lenders will not be calculating the Annual Percentage Rate.

By Mortgagefit Community

Methods used to calculate the mortgage Annual Percentage Rate
Basically lenders make use of 4 different methods in calculating the mortgage Annual Percentage Rate. They are as follows –

1.Actuarial method
2.N-ratio method
3.Constant-ratio method
4.Direct-ratio method

Among the 4 methods employed in calculating the APR, the actuarial method and its related formula is used for finding out the mortgage APR.

Online mortgage APR calculator
You can calculate the mortgage APR by using online calculators. There are many websites that offer free mortgage calculators so that you can calculate the monthly mortgage payments, find out the total cost of the loan, compare monthly mortgage payments for different loan terms, calculate monthly mortgage payments if you are opting for ARM or FRM.

From OSK Investment Bank Bhd (equity capital markets) director, Gan Kim Khoon; there were over RM354bil in fixed deposits and savings of individuals in the country waiting for REIT companies to tap. REITS companies looking at various opportunities for Property In Malaysia.

On REITs-Investors Outreach Programme, they telling about hope to channel some of these funds into REITs, which are high yielding and low risk in nature. The REIT companies from Kuala Lumpur that took part in the event included Axis REIT Managers Bhd, AmFirst ARA REIT Managers and AmanahRaya-JMF Asset Management.

Outside Kuala Lumpur, REITs have little exposure from large companies, and participation by individual investors is also small. There were not many players and the challenge was how to attract more REIT players and property investors into the Property Investment Market.

Property Investment in REITs presently offered the best yield, ranging from 8.5% to 12% yearly, based on current earnings. In such a challenging climate, there are not that many stocks that can give you such yields. It is better than putting funds in fixed deposits.

As example, reported by Axis REIT Managers chief executive officer Stewart Labrooy;  the company regularly implemented asset-enhancement exercises to increase the value of its assets.

Axis REIT injected about RM3.5mil to upgrade one of our office buildings in last year, Wisma Kemajuan, in Petaling Jaya. The valuation for the property increased to RM52mil, compared with the original valuation of RM29mil in 2005.  The upgrading, was increase the value of the property.

Axis REIT  spent another RM8mil on two of its commercial properties which were originally valued at RM106mil. After upgrading, the valuation increased to over RM140mil.  Through such asset-enhancement exercises, Axis REIT create more value-added space, which in turn attracts more tenants, and increases our income from rentals.

There are Property Investment Opportunities in REIT company. More and more developer prefer affordable homes making for home buyer during recession. Developers in Penang are targeting home buyers on a lower budget. New property investor can start a buying investment property with this lower budget property.

Studies show that at least fifty percent of borrowers who have defaulted on their mortgage loans or missed a payment never even contact their Lender.

Banks are not in the business of property investment or property management. They do not want to “take back” your property! They are more inclined to work out an agreement with you so that they can receive mortgage payments and you can stay in your home, rather than go through the foreclosure process which can be costly and expensive.

Although it seems overwhelming, you must make that first phone call to your mortgage company so you can find out what your options are and what you should do for next. But what department do you speak to? Who do you ask for? The first thing is to understand how Banks and servicing companies work and what department you need to concentrate your efforts on. This will depend on what stage of the default process you are in.

Firstly, there is the customer service department who usually answers any general inquires and are able to help you with your account if your account is current. But if your account is not current, then you will need to speak with the second level contact department.

The second level contact is the collection department. This is usually the first department that you are transferred to when your account initially becomes delinquent. This department has one major purpose, and that is trying to collect a debt. They are trying to get you to pay any money that you might owe the lender and are not in the business of negotiation.

The next level which is the most important, if you are trying to get your loan modified is the loss mitigation department. This can also be called loss prevention, loan modification, Work out department or loan resolution or foreclosure prevention department. In the end they all mean the same thing - that is helping you to work out some agreement to pay your loan.

It is very common for these departments not to speak with you initially. Many banks prefer for you to speak to collections first and do not give out any direct numbers to the modification departments. But you must be persistent. Some banks will even tell you that they don’t have a mitigation department. They all do!

The Lender’s Loss mitigation specialists are usually mortgage loan officers who will look at loans on a case by case basis to see if they qualify for modification loan purpose. It is important to remember that not all loans qualify for modification.

The Last Department is the “Home Retention” Department. Not all banks have this department, and some will simply have one “Loss Mitigation” department that handles all cases which have gone into default, no matter what stage you are in. This department is essentially the last stop before they start the foreclosure process. They will usually be able to offer a last resort to foreclosure.

You must remember that if you are going to contact your lender, you will generally be on the phone for a very long time and may be transferred many times. Your patience must be there. But if you know which department your loan will be handled by, you can cut this time short.

The best thing once you have been transferred to the right department is to get to speak to some one who can be the contact for you on your case. This way, you are always speaking to the same person. Just make sure you have their direct extension as well as their fax number.

Each time you speak with some one make sure that you write down their full name or ID number as well as their department and the time that you spoke to them. So long as you are persistent and reiterate your intention to each individual to make sure that you are speaking to the right person you should achieve your goal!

I know that this was a long article, but we often get asked this question, so we wanted to give everyone a good understanding of what to expect! Hope you can archive your goal, not get into foreclosure, or maximum your capital gain or increase your rental return for your buying investment property. To get even more information about modifying your loan, click here.

Due to the overwhelming success of the program, SP Setia Home Loan package have extended it for another three months. As per SP Setia management, SP Setia Home Loan package will not extend the package when it ends. The program started Jan 19 and ends July 19.

The home loan package allows a buyer to pay only an initial 5% of the house price. All legal fees and stamp duties on the sales and purchase agreement are borne by the company (property developer). SP Setia would not extend the package when it ended on July 19.

SP Setia will stop launching new products for a couple of months to focus on building more quality homes. The 5/95 program was initiated by SP Setia but had now been adopted by other property developers into property investment market.

SP Setia would continue to brand, build and execute marketing strategies that were cost efficient and proven effective to moving forward for company development. Currently, its total undeveloped land bank stood at 1,600ha.  On its performance, SP Setia had managed to ramp up sales despite the tough market conditions. Such as Setia Sky Residences project.

The sales figures of SP Setia projects are good but the net profit this year should be lower than last year, impacted by (high) raw material costs, great promotion given to the homebuyer.

Not only property investment in Malaysia showing a good number. On the SP Setia projects in Vietnam hit sales about RM50mil. Nowadays, SP Setia was still at the getting-to-know stage in China. It’s still beginning state for SP Setia in China property market.

Again proven that property investment sector still has upside. Real estate investors should look at the positive side and believe at your beginning mindset, buying investment property is a long term investment.

Again, good news for property investor for those interested in Australian property and the retired plan to migrate to Australian. Premier Australian Property Fair y2009 organized in April y2009 in Kuala Lumpur and Penang. Australian property investment is a great help in Australia development.

Coming soon Australian Property to be launch and the showcase in Kulau Lumpur in July. Did you know that Australian property investors are now benefiting from low vacancy rates and the lowest interest rates in 49 years? Book your calendar to visit at 2~5 July at The Westin Kuala Lumpur.

Discover how easy it is to buy Australian Property, lease and manage an Australian landed property or city apartment while living in Malaysia. Some summary can be listed below;

1. How foreign purchasers can buy a brand new ready-to-let freehold property with just 10% deposit and fixed price.
2. How Australia’s population, demographics and lifestyle is changing and what this means for property.
3. How Australian interest rates are at their lowest in almost 50 years.
4. How Australian citizens & Malaysian Permanent Residents of Australia can receive up to A$32,000 in Government Grants towards their first property purchase.
5. How it is more cost effective for Malaysians to buy rather than rent in Australia.
6. New finance options and offers from our guest speakers the Commonwealth Bank, Australia’s largest home lender. The Bank will also be available for private consultations.
7. Invest in Melbourne, Australia’s most livable city with a broad based economy, growing population, strong rental market, world class education system, comfortable climate and high standard of living.

Brand new Melbourne city apartments to be launch. Choose either CBD or Southbank in Melbourne. Central Equity’s brand new apartments give you easy access to all the best of Melbourne, one of the World’s most livable cities. Choose from 2 exciting and convenient locations: Southbank or CBD. Both locations provide easy access to Melbourne Uni, RMIT Uni and other educational institutions with many transport options only meters away. Melbourne is a ideal place for property investment opportunities.

Attractive apartments, duplexes and penthouses are complemented by impressive entry foyers with concierge and security features. Residents will also enjoy convenient pre-connected broadband internet access and secured car parking.

New family homes in three great locations. Central Equity Land is now building a wide range of landed properties with gardens in three fantastic sought after Melbourne locations. Choose from classic coastal living in bayside Mount Martha and naturally beautiful allotments skirted by nature reserves at Woodland Waters. Also on offer are hugely popular home sites in exciting Point Cook only 25 minutes from the CBD.

Visit the Australian Property info sessions to learn more about investing in Melbourne property. Get to know property investment market in Australia. Gathering tips on how to buying investment property successfully.

Increase the value
Transforming your home to become green can cause it to go up in value as a result of the sustainable building materials that are used to build it. As a result of these materials, many standard utility bills will be lower in price, thereby reducing many unneeded costs for potential home-buyers. There are not too many homes on the market that feature solar panels or water-saving devices, and this can attract a slew of new buyers. Selling a house in this type of housing market is a difficult endeavor to undertake, and anything you can do to make your house that much more desirable is something you should consider if you need to sell within the next few years.

Energy savings
Green houses can save you money through various different methods because of the amount of money you can save by converting to a more energy efficient mode of air conditioning.  The U.S. Department of Energy has conducted studies that indicate the country would save $20 billion dollars if all buildings were green-improved.  Translating this into singular individual terms still reveals mass savings by updating to energy efficient models. Additionally, simply tightening the insulation in your house can help prevent the flow of excess energy out of the house; this is a cost-efficient update which saves you even more money in the end.

Water savings
Updating your many household appliances to those that are more water-efficient can also help you save money in the end.  Most toilets that were created before 1980 waste many more gallons of water than do modern toilets: at least 5 gallons per flush.  Simply updating your toilet system can save money in that respect, and it’s almost the same scenario for older showers.  Additionally, updating your sprinkler system can result in a system that is highly effective in both watering your lawn without overwatering, thereby leading to a weed-free yard.

Improve your quality of life
The air quality in many green homes is better than the alternative because of the lack of added chemicals; breathing in quality air can turn around your mode of life and health through the increase of clean air.
Additionally, studies have indicated that this rush of “fresh” air into your life can help with increased concentration and does not hinder any efforts at feeling better after an illness, like newer “non-green” homes can do. Transforming your house in this way benefits the entire environment in your area and can lead to changes in other realms of your life, which is why so many eco-friendly people have a healthy diet and seem to have a better strengthened immune system.

Author: This post was contributed by Caitlin Smith, who writes about the *top accredited online degrees* http://www.clearvieweducation.com

From SunCity executive director Datuk Jeffrey Ng, the authorities in Malaysia are very proactive and doing their level best to get the more established companies to list in Malaysia. Malaysia is definitely a preferred destination by SunCity but they are looking to other opportunities as well.

Industry sources added that companies also had a more positive view following the revamp of main and second boards into a unified board, further improvement in processes and procedures as well as liberalisation of the 30% bumiputra quota in 27 service sub-sectors.

If something very firm comes up, SunCity will study it in the best interests of shareholders, how to buying investment property can generate profit. One of which is GIC (Government of Singapore Investment Corp). Early last year, SunCity was reported to be more keen on listing in Singapore where the tax regime is more attractive to REIT investors in relation to withholding tax.

However, the global financial crisis, which erupted in the later part of last year, has changed the scenario and investors turned risk averse. In terms of mandate, this represents a fresh opportunity to select possibly new parties that can give the best terms. Under the old mandate, the global investment banks were Goldman Sachs and UBS while the local investment banks were CIMB Investment Bank and RHB Investment Bank.

There could be new parties involving global and local investment banks. Such a major fund-raising exercise will have to go into the global markets. At the end of the day, SunCity will study what the most aggressive investment bankers have to offer.

In the wake of early market recovery, SunCity is monitoring the indicators and will make every effort to get into the market as fast as possible. SunCity don’t want to miss out or be considered slow, is watching the markets closely. If there is a window of opportunity that fits to SunCity criteria, SunCity will definitely implement (the listing).

Among the factors involved are market timing and the need to balance yields in the REIT market and bond yields, which represent the cost of funds and is an indicator used in the calculation of REIT pricing. Property investors would also weigh their options in the REIT and bond markets.

StarBiz recently reported that backed by assets valued at RM3.7bil, the proposed REIT listing is possibly the largest in the country. According to the report, about 75% of SunCity’s operating profit of RM175mil for the first half ended Dec 31, 2008, was from its property investment assets and SunCity was expected to receive total rental return income of RM285mil this calendar year of which 70% would be from Sunway Pyramid Shopping Mall.

AmResearch managing director/regional head Benny Chew suggested that SunCity list its REIT at a point when property stocks were trading close to their net asset value. It will then be seen as a good alternative investment.

who also expressed concern over the inclusion of diversified assets into the REIT as he considered suburban retail to be the main growth driver. In general, they have to convince investors on their strategies to grow the fee income, and how buying investment property make beneficial.

However, other analysts pointed out that SunCity’s proposed REIT managers would have assets with synergistic benefits in the integrated resort city, education, medical and office, retail, hotel and leisure theme park.

From senior analyst with a foreign research house, next year should be more exciting for the listing. It will be cheaper as currently REIT yields are high on worries that rentals might weaken.

ECM Libra Research acting research head Ching Weng Jin agreed it was time to dust the proposals previously kept on the shelf as property investment market sentiment had changed compared with six months ago. The properties are well-managed and rental yields are good. It is also more encouraging to list here in view of liberalisation of rules.

Real estate is a relatively low-risk venture and provides greater certainty than other creative investment options. It is highly unlikely that the vacillating trend of the stock market will be mirrored in real estate. Therefore, if you decide to dive in real estate and buying investment property, it would serve as a profitable diversion as far as investing is concerned.

Deciding in buying investment property is one of the good decisions you will ever make for your future. However, it isn’t something you can decide to do one day and then rush out and do the next. There is a process that you have to learn and lots of information to digest. If you think you have done that and you are now prepared to go out and make your first purchase.

The real work begins once you have made the decision to buying investment property. Finding a profitable investment property is not a child’s play. It entails a comprehensive research, is a time-consuming task, and requires a lot of reliable contacts. Peruse further for a primer on how to begin with real estate investing. Look for some others tips how to buying investment property successfully.

You must have a rough estimate of the time span for which you plan to own the property before you buying investment property. This is because the longer you plan to own the property, the more you need to spend on the upkeep of the property. Small investors usually look for long-term ownership thereby enjoying the benefit of an ongoing rental income. On the other hand, the more experienced of investors quickly flip properties.

It’s helps to have a network of people who can find profitable investment property for you. Joining a property owner’s association is also beneficial in making contacts. Almost half the battle is won if you have found a few lucrative investment properties.

To begin with, it is recommended that you leverage your initial few investments, as it’s reckless to put all your personal funds on the line at the outset. Loans can be acquired from banks, credit unions and private brokers, which often require a decent credit score. When you acquire a loan to buying investment property, you would normally have to pay higher interest and monthly payments, compared to when you purchase a property to live in.

As a advise, you should maintain a cash reserve for unforeseen repairs and a contingency plan for vacancy periods. It is also advised that you avert from entering into bidding wars or carrying out emotional purchases. You should rather look strictly at the numbers and discern if the investment is viable or not. If you overpay to acquire a property, it is unlikely that you will be able to recoup your investment.

Keep your investment in under control to make your buying investment property to sustain in positive cash flow. If everything in planning, your might think about home improvement value for your property to increase it higher than the market value.

Start you buying investment property at the local area or the place you are familiar with. When you are experience the idea of buying investment property then only your are qualify for buying investment property abroad.

Every real estate market is different, however, and what works in one locality may not work in another. The main thing is to ensure that the rental income covers the operating expense of the property. Operating expense including repair cost, monthly maintenance fee, seeking fund, and annual fee such as land, home plate number, fire insurance….etc. If you are aware of such basics, you can very well excel in real estate, no matter where you buying investment property.

The way someone thinks determines the actions they take throughout the day, and those actions determine their success. The primary benefit of reading property investment series – it brings you closer to new ways of thinking about stuff. When investors see how easy it is to develop new skills and acquire better knowledge, they are virtually unstoppable.

Traveling abroad is these days akin to visiting your second home. In the last two years, around 500 Indians, a number of whom are said to be agriculturalists from Chandigarh and the northern region, have registered themselves for the ‘Malaysia my second home’ (MM2H) pursuit that is being sponsored by the Malaysian government.

With MM2H scheme, the Malaysian government allows tourists to formulate into the country’s property Invetsment Market. Corporeal’s smooth, virtuous pick a homely (either magnetism the emotions of the corner or an island), pick your price (upwards of Rs 18 lakh) and voila! You have a central for yourself. Absorbing, for the prevailing property prices fame Mumbai, Delhi, Bangalore, Kolkata and Chennai won’t fetch you a decent familiar for as low as Rs 20 lakh.

The MM2H scheme forbids individuals to lease their property or conduct any form of business from that location. But the attractiveness is the possibility of capital appreciation and the fact that you can live in your own home when you are holidaying in Malaysia. According to director of Tourism Malaysia,”This tourism venture (MM2H) has been a huge success. The most number of people who have come and set home in Malaysia are the Bangladeshies, Chinese, certain parts of Europe and the Middle East. The tourism industry is the second largest contributor to the country’s economy.

Looking at the number of Indian tourists that visit Malaysia - 225,000 tourists in 2005, 279,000 tourists in 2006 and a projected 400,000 in 2007 - the Malaysian Tourism board is all upbeat about the response that is likely to come its way from the Indian consumer.

They expect the MM2H scheme to rope in anywhere between 3,000 and 4,000 Indians in the next three years. The Reserve Bank’s recent move to raise the ceiling for resident individuals to invest abroad from $50,000 to $1 lakh is expected to help towards this. Malaysia are looking into aggressively brand our project in India this year, and mostly in the southern markets. Noting that south Indians share a great affinity with Malaysia.

Out of Malaysia’s total population, 9-10% of it constitutes Indians, predominantly south Indians with roots in Tamil Nadu, Andhra Pradesh, Kerala or Karnataka. Also, the Malaysian Tourism board is looking at marketing its product to niche markets such as the IT Industry.

Buying Investment Property concept helps boost the tourism industry. Given the large disposable incomes of people in India and the growing urge of a holiday destination. Malaysia goverment are confident that the response from India will be tremendous.

MM2H participants allow to stay for long term on a Social Visit Pass with a renewable multiple entry visa valid for 5 years, and soon to be extended to 10 years. Holders of Expatriate Pass (Work Permit) and their dependants are not eligible to apply for MM2H unless they give up their work permit as well as holders of a Student Pass.

However, this MM2H programme does not entitle a permanent resident status and successful applicants are strictly forbidden from being employed anywhere in Malaysia unless approved by the government or to participate in activities such as political, missionary activities or anything which are provocative, instigative or considered sensitive to the local people and threat to national security of this country.

MM2H programme has been growing from strength to strength over the years. With the recent policy liberalisation, the Malaysia Government was taking the right measures to ensure a smoother delivery system so that Malaysia could attract more foreigners to retire or stay here. With these new and positive changes, we are encouraged by the authorities’ efforts to support the MM2H programme.

The tangible benefits were obvious, as the foreigners under the MM2H programme were likely to spend about 10 times more that the average Malaysian. It’s was a win-win situation for everyone to aggressively promote the programme as it would benefit all sectors of the economy.These include the Government, industry players such as licence operators, property investment market, travel and tour sector, as well as services-related industries such as hotels and restaurants.

The move will also benefit the MM2H participants, who will be able to enjoy a quality lifestyle in Malaysia and, at the same time, “stretch their dollar” to last longer. Conceptually, MM2H was an excellent programme with massive potential for Malaysia to rake in huge earnings to strengthen economy and welcome people around the word to retire at Malaysia
Malaysia had a lot to offer to the developed world in terms of lifestyle. There’s a lot going on for this country; the tropical weather, standard of living, good health care and infrastructure, all at an affordable price in term of property, life style, ..etc. Buying Investment Property Aboard in Malaysia is one of the way to participate MM2H programme. MM2H was the a vehicle to market Malaysia to the world.

Malaysia government’s new and relaxed ruling on MM2H separate foreigners who are here to retire (with a different status) from those who want to work here, especially high net-worth individuals. They might different group of individuals with different intent and if MM2H is bundled together into one category.

If you are in planing to migaration to Asia, you are welcome to visit Malaysia and experince the local life style, tropical weather, living level. You can consider retire in Malaysia thrugh MM2H programme.

Check out some tips how to buying investment property successfully. You can start your property investment at you familiar place which you knowing more before go for buying investment property abroad. By pronto you notice that buying pursuit on property abroad will not single enact a one - span right but essential will enact an progress need.

When buying investment property abroad sometimes it’s higher quality to drive to the country that you will be buying investment property abroad and seeing what it is corresponding supremacy the area. Mark how everyone is and examine if it is the country that you would allying to buy investment property with. Cast for houses ascendancy the area and if you gem some property that you analogous and judge that you would relating to constitute dominion it and if you have the property consequently by all means you should do it.

Feasibly you are looking for buying investment property abroad because you are planning to rent it out to different person, generous of allying a hotel abode or something near that. Then you will be getting your moneys worth out of it. If you rent it out to a family for a life span, you will be renting it out to a different family the next week, so you should always keep track of who you rent your investment property out to, and keep check on your property as well.

Maybe you don’t plan on selling it but using your investment property as more of a hotel you could even end up staying in it for a little while as well. Just make sure you keep everything up to date, you can’t just buy it then leave it and rent it out without going there and keeping check on it.

Are you buying investment property abroad because you are going to rent it out to a family or whatever for awhile, this would be a good idea as well because then you would have steady payments coming in each month from your buying investment property abroad. Perhaps you will even turn around and sell the investment property, either way you will be getting your moneys worth out of it.

If you stick to the rules of buying investment property and keep it up to date then you should have no problem with the renters, sometimes you will get people who won’t pay on time, this you should be keeping up with as well, get signed contracts from every renter that you have.

The Artist Apartments is start launching in Malaysia and Singapore by Jalin realty. The Exhibition in Malaysia will be held on 23 & 34 May y2009 Sat & Sun 10am – 7pm at Bintang 1&2, level 3 JW Marriott Hotel, KL. The property showcase of The Artist Apartments is first launch in Malaysia at here. Previously, there is property showcase for property in Melbourne in launch Elvera Apartments. More property showcase in y2009…click here

PDG Corporation having 2 projects, Zen Apartment and The Artist Apartments. Both new property in Melbourne locate in city area and inspired by the culture, arts & tastes of Melbourne. The Artists Apartments has been designed differently to reflect your individuality. Designed by award wining architects to reflect a high level of contemporary luxury, complemented by beautiful interior spaces and state of the art amenities. While exuding sophistication, the artist allows you to create your own internal masterpiece form subtle canvas of soothing neutrality.

The Artist Apartments at the price from AUD531 per sq ft or from AUD285,000. 10% deposit only, no further payment till completion y2011. Why Artist Apartments as a attractive property in Melbourne? Below is the answer;

Everything at your doorstep:

• ·2km to Melbourne CBD – only 5 mins by car & 10 mins by tram or train-walk to tram & bus stop in less than a minute.
• Ready access to main roads & freeway.
• 5 Train stops to Flinders Train station – Eastern Freeway (2 mins by car)
• Trains- Accessible to Brunswick Station, Melbourne Central Station, Jewell Station.
• Ideally located to excellent education; –Melbourne University (8 mins via bus route 205), RMIT (10 mins via bus route 200, 201, 203 & 207) & University High School.

Luxury at its Best

• Unique range of architecturally designed apartments.
• 6 stars energy efficiency rating.
• Word class facilities – 20m outdoor heated pool, spa & fully equip gym
• Large landscaped shared courtyard & outdoor garden area with BBQ facilities.
• Resident organic garden.
• Artist club lounge & café.
• Secured underground parking.

Inner City Convenience

• Shopping, dining & entertainment precinct- Johnston St, Brunswick St, Smith St
• Fitzroy Garden & Cariton Gardens
• Cafés & Restaurants -  Brunswick Street & Lygon Street.
• Art galleries.

If you are miss out The Artist Apartments property showcase in JW Marriott Hotel, KL, contactable to  the marketing agent. [Hotline: 016-2080488/0122081693].

Property in Melbourne and Sydney have potential growth in capital & high in  rental yield. If you are in planning to send you children for education in Australia, or you are in planning migration, you might consider Melbourne. I’m always advise to buying investment property in early age and keep our future more guarantee.

First of all, why you should buying investment property? If you are aware the basics of buying property investment, you can very well excel in real estate market, no matter where you go for buy investment property.

I’m sharing with you 5 top tips that will help you succeed and making buck from buying property investments. Here we go point to point:

1. Your purpose of buying investment property. There is two type people in target, tenant or homebuyer. If you are buying a property in the hope of becoming a landlord then make sure you have checked the areas rental potential and make sure the types of properties that you are planning on buying are the ones in demand by tenants. If you are planning on flipping the property, make sure you buy a property that is wanted by homebuyers.

2. Get ready for your finances level. This is first step to do even before you start looking for buying investment property. If your finances are sorted out before you start looking at how to buy investment property, then you will be more likely to be looking with confidence and purpose because you know if you find that bargain property you have the finances already in place to do the deal.

Your finances level as your budget in buying investment property and your can easily targeting type of property. But if you don’t have your finances in order there might be doubts about whether you can finance a deal even if you find it, this in turn may cause you to self sabotage any deal you see even before you put an offer in.

3. Don’t’ blindly trust what anyone said. This includes real estate agent and those so called experts. Talk to a few different property professionals and get a balanced view on things such as:

- What type of property to invest in
- What location
- What type of tenant/homebuyer demanding

Sometimes it is only after canvassing lots of different opinions that you can really formulate you own a strategy with confidence and with solid reasons why you plan to do so.

4. Compare for all aspects. Get comparables for rental, sales, future developing of the area - everything you think can be make compare for. Compare in the right way will guide to your buying investment property goals. Make your comparables are as much like for like as possible.

Give you an example, if you want to rent out a 3 bedroom condo near to the school, you should try to get the rental comparison of other 3 bedroom condo next to the same school.

If you use a 3 bedroom condo that is few kilometer away from the school, then your comparisons maybe way off. Few kilometer distance can takes you from the desirable part of town to the rough drug dealing part. Compare type of school, college, university ….etc

5. Get helps from right professionals. The right professionals could be builders, solicitors, contractors, property agent or someone else, skimping on employing qualified people to do a job correctly can cost you a lot more money than you expect. Invest in the right way make you success in fast trap.

You even can hire a cheap and professional property personal. Not just because someone expensive mean that can do a better job than someone who is cheaper. Just because someone is cheap, doesn’t mean that they can do a good job. The only way to find out for sure is to check references and their qualifications to do the job.

Look for recommend person, speak to real people, preferably face to face, knows each other. You need to figure out their professional level and they must know you need and your purpose of buying investment property.

Conclusion, if you stick to the rules of how to buying investment property and keep it up to date then you should have no problem with property investment. I’m believe if you do more research about the property market, buying investment property that will make you a long-term profit, as well as perhaps making you a quick buck now.

Parade of Homes is launch by a single property developer – Sime Darby Property. Parade of Homes is an event that brings together a showcase of homes from 9 noteworthy townships. Sime Darby Property have lined up various activities, contests and talks from guest speakers, ranging from investment tips to interior design to make it an even more fun occasion.

Maybank had contribute for Parade of Homes project. Maybank is the mortgage loan owner for Parade of Homes projects. Now, Maybank offer home buyer mortgage loan package and visit your to Dataran Maybank to get all the information you need about Maybank home financing and also enjoy the offers for buyers at the Property Showcase:

• Interest rates up to BLR-2.30%
• Margin of Finance up to 90%
• Enjoy cost savings!
• Free stamp duty
• Free Sale & purchase Agreement legal fees
• No interest during construction
• Fast approval
• Early bird rebate from Sime Darby Property up to RM5000
• Stand a chance to win prizes worth more than RM600,000 (purchased the Parade of homes unit within 20th June to 29th June)

(Term & condition apply, visit the counter for more information)

Let’s turn your dream home into reality at any of these excellent locations:
Ara Damansara, Bandar Bukit Raja, Bukit Jelutong, Denai Alam, Melawati, Nilai Impian, Planters Haven, Putra Heights, Subang Jaya and USJ Heights.

Dont forget to mark your calendar and meet up there! Enjoy exclusive Parade of Homes packages and latest home launches while you’re at the various township venues. Combination of good package bank mortgage loan from Maybank (MaxiHome) and “Parade of Homes” by Sime Darby property is an option for you to start buying investment property.

Date: Monday 4 May - Friday 8 May, 2009
Venue: Main Lobby Tower A & B,
Dataran Maybank,
No. 1 Jalan Maarof,
59000 Kuala Lumpur
Time: 9.00am - 6.00pm

Contactable
Call the Customer Care hotline at 1-300-88 6688, any time, any day.
You can visit Maybank branches for mortgage loan package or Sime Darby Convention Centre.

What Is Equity Value?
Equity value of your property mean the difference between the value of your home and the mortgage balance. An example, the value of your home/property is $150,000 and the mortgage balance is $50,000. The equity value of your home is $150,000. In other world, your home equity loan available up to $150,000.

Kind of Home Equity Loan
There is 2 types of home equity loan, Traditional home equity loan and home equity line of credit. Traditional home equity loan or called second mortgage loan: lender/bank provides a lamp sum of cash and you must pay back bank over a period. Hence, interest directly in calculation on the first day the bank gives you money. Don’t matter you are keep in you saving account or the monies has been use.

Home equity line of credit: lender/bank offers home equity loan with provide a credit card or chequebook for borrower. While borrower need money, they can access the “line of credit” through credit card or just bank in cheque. Interest starts only after you make use of the money.
Home buyers more preferred home equity loan because it’s easy for them to obtain and offer lower interest rate. Home buyers use the home equity loan when facing financial need such as wedding ceremony, home renovation, furniture & home decoration. Home Equity Loan might use for children education fees and medical fee in emergency case. Also widely used for the purposes of consolidate high-interest debts.

But it’s not advisable to take home equity loan for paying off your credit card dues, especially if those cannot refrain from indulging in extravagances, as this will lead to more debts. Using in correct way then home equity loan may result very beneficially.

However, borrower should be careful for home equity loan management. They are putting their home up as loan security. If borrower fail to fulfill loan repayment required, he/she may lose the dream home. Should be aware of the risks that are associated with the home equity loan.

Most of home equity loans have different interest rates. Bank offer with a fixed interest rate while others have small introductory rates. Certain loans come with high closing costs and annual charges. Finding the best home equity loan requires some effort, but it is rewarding at the end.

You can make use of your mortgage to have home equity line of credit and keep for future use. Home equity loan can help your life smoothly and everything in plan. Proper financial planning might help you in buying property investment or acquire money to start a new business venture.

IJM Land Bhd was launched penang property recently, Summer Place condominium project (IJM’Condo) located at the Jelutong Expressway. IJM Land Bhd located RM174mil for this property investment. About 40% of the 531 condominiums in Summer Place condominium project was taken up on the first two days of the recent soft launch.

Light Linear & Light Point are high end sea fronting projects by IJM Land Bhd and comprising the RM200mil Light Linear, RM102mil Light Point, and the RM48mil Lots 28 located near the Jelutong Expressway.

The Light Linear consists of two 17-storey block of 328 condominiums on a 7.6 acre land, while the Light Point is a 28-storey block of 88 condominiums on a 2.8 acre site, and Lots 28 comprises 28 units of two and three-storey commercial and shop offices on a 2.6 acre site.

This project execute by property developers from Kuala Lumpur, an estimated gross sales value of RM2bil on penang property this year despite a challenging economic climate and price the new products competitively. IJM Land Bhd estimated gross sales value (GSV) of RM350mil in the second and third quarter of 2009.

The new pricing penang property launches competitively does not mean lowering the selling price. New properties would be priced competitively to reflect current construction cost, which in reality was still above the pre-July 2008 level.

In reality, prices of construction materials are still high, with the exception of steel bars.
This are cost penang property in high pricing. If insist to reduce the property price further means to go for lower specification and finishes.

However, the flexible mortgage loan packages and other incentives thrown in by the property developer will make the properties more affordable. The mortgage loan nowadays is providing good package with low BLR rate. Check for the bank latest BLR rate and look for the mortgage loan suit to you.

Others than IJM’ projects, they is still upcoming penang property, such as Eastin Hotel located in Queensbay, Southbay Penang’s showhouses and BayVillas water project at the end of 2009.

Penang property to see new development in year 2009. There are many sector effect by global economic crisis, some of them in recover trend. Property market in Malaysia to rebound and believe that high demanding of penang property and better mortgage loan package offering by bank will help.

The new property in Melbourne located in cosmopolitan Lygon Street. Lygon Street inspired by the culture, arts & tastes of Melbourne. Elvera Apartment is a 10 storey sculptured building featuring a distinct two-part design that maximizes natural light, ventilation and space throughout. This advanced architectural design boutique building consists of 100 apartments of 1 and 2 bedrooms with spacious living areas, large windows opening to generous balconies with panoramic views.

This property in Melbourne at the price from AUD412 per sq ft or from AUD389,995. 10% deposit only, no further payment till completion y2011. Why Elvera Apartments as a attractive property in Melbourne? Below is the answer;

Outstanding location of property in Melbourne:

• Located on Lygon Street, home to Melbourne’s most famous food precincts.
• Just 5km to Melbourne CBD. Travel to CBD & beyond in minutes.
• Tram route 1 & 8 at doorstep.
• Trains- Accessible to Brunswick Station, Melbourne Central Station, Jewell Station.
• Ideally located to excellent education – Melbourne University, RMIT University, University High School.
• Ready access to main roads & freeway.
• A tram ride away to vibrant Carlton & Fitzroy.

Lygon street-Multiculturalism as its best:

• Melbourne’s Little Italy – Home to Melbourne’s 1st Espresso machine, rich is street life & cultural diversity.
• Variety of Italian, Greek, Lebanese, Vietnamese, Japanese, Indian, Thai, Spanish & Malaysian restaurant & cafes.
• Dazzling designer fashion & specialty stores, galleries, bookshops & markets.
• Vibrant nightlife including the famous annual Festa – Australia’s largest outdoor street festival.
• Embrace the outdoors- Parklands, bicycle tracks, golf courses, gym & swimming centers just minutes away.

An exciting new boutique development:

• Low rise & low density 10 storey sculptured building (off the plan).
• Only 100 spacious one & two-bedroom apartments plus study available.
• Quality finishes, European-style appliances, air conditioning (split system).
• Secured car spaces with audio & visual intercoms.
• Peter Russell-Clarke Australia’s famous artist influence.
• Great East & West aspects, district views & city views.

The property in Melbourne (Elvera Apartment) has property showcase at Westin Hotel, Kuala Lumpur at 4th & 5th April y2009; 10am – 7pm. If you are miss out this property showcase, contactable to  the marketing agent. [Hotline: 016-2080488/0122081693].

If you are in planning to send you children for education in Melbourne, Australian or you are in planning migration to Melbourne in your old age, you can consider buying investment property in Melbourne. The is another Australia Property showcase in April y2009. Property in Melbourne and Sydney are one of the good property investment destination.

New projest - Setia Sky Residences condominium in Kuala Lumpur that will be launched next month,April y2009. Setia Sky Residences is located along Jalan Tun Razak on a 2.43ha site and will comprise four 39-storey tower blocks, with each block containing 211 condos.

In April, only first two towers will be launched. Setia Sky Residences condominium lauch at an average selling price of RM680 per sq ft. Both towers are expected to be completed in 2012.

Setia Sky Residences condominium Setia is the first high-rise project in the Kuala Lumpur city centre by SP Setia. Setia Sky Residences condominium has a gross development value of RM800mil, Setia Sky Residences condominium estimate has positive response.

Actually, SP Setia Bhd posted a net profit of RM31.2mil for first quarter ended Jan 31, down RM17mil from a year earlier due to slow property sales.The property group also posted lower revenue at RM259.9mil, against RM303.7mil in the previous corresponding period.

The ongoing global financial turmoil and its adverse effects on the domestic economy, it is evident that 2009 will be an extremely challenging y2009.While the group is still relatively well placed due to its strong financial postion with RM572mil cash and a net gearing of only 0.19 as at Jan 31.SP Setia would focus on cash conservation and cash generation to ride out the economic slowdown.

SP Setia Bhd planned to undertake a development in Singapore in the future via a joint venture with a reputable Singapore-based company. SP Setia Singapore office is SP Setia’s second abroad after the one in Ho Chin Minh City, Vietnam. SP Setia also plans to open offices in Beijing and Dubai.

SP Setia Singapore office aimed at enhancing the company’s service to Singaporean home buyers while attracting new ones. SP Setia had attracted 800 buyers from Singapore who had bought RM300mil worth of properties from the group, mainly for its projects in Johor Baru.

SP Setia had to date recorded about RM500mil sales for its 5/95 home loan package launched in January. SP Setia confident that it will attract not only well-heeled Malaysians but also wealthy foreigners who want to call Kuala Lumpur their home. Malaysia had launched as progremme “MM2H” (Malaysia My Second Home).

International Property Expo show attracts quality exhibitors and genuine players in the property scene. Most importantly, the Property Expo Show provides the ideal exchange between smart exhibitors and discerning visitors, leading to opportunities for quality sales leads and closing contracts.

The International Property Expo is highly specialized event for varied exhibitors in displaying their products with different models of flats, villas, commercial property along with the full details of their map areas.

Property Expo Shows provide homebuyers to purchase their dream homes at affordable prices. It has helped generate demand for housing and ensure sustained growth of the housing and property industry.

Residential & Commercial Property Seekers, Real Estate Investors, Corporate Property Managers, Engineers & Planners, Corporate & Private Investors, Architects, Property Planners, Agents and Brokers are the target visitors for International Property Expo.

Many of the parties will get involve in Property Expo. Property Developers, Property Agents, Banks & Financial Institutions, Leading Builders, Furniture & Furnishing companies, Home Decorations associates, Wall decor solutions & accessories, Tiles & flooring companies, electrical fittings & lightings, consultants, construction materials, hardware & some others related sector will join International Property Expo to expose themselves to the property market.

Property Expo y2009

The reducing of the BLR was benefits to home owners. Those housing loan borrower with floating rate type have chance to reduce monthly loan repayments or reduce total year of tenure for their housing loans.

Once again latest BLR recorded the lower point for past 20 years. Referring to Malaysia Bank mortgage BLR history. And below table show a list of Base Lending rate offered by Bank in Malaysia and the effective date.

(Note: The latest BLR rate updated in March y09)

Welcome to inform me on any changes of the conventional Base Lending Rate (BLR) in bank mortgage rate that you know about. We going to share the latest BLR information to all the housing loan borrowers. Thanks in advance.

Sime Darby Property’s first Parade of Homes campaign was launched in June 2008 and generated sales of RM246mil in nine days. The second campaign in November 2008 generated over RM146mil in sales.
Sime Darby’s freehold properties range from affordable homes to high-end residences in townships in Subang Jaya, Bukit Jelutong, USJ Heights, Bandar Bukit Raja, Ara Damansara, Denai Alam, Melawati, Nilai Impian, Planters’ Haven and Putra Heights.

The main factors contributing to the strong property sales were the Parade of Homes’ exclusive benefits, which included an interest rate of base lending rate minus 2.3%, special down payment scheme, and no interest charged during the construction period. Sime Darby Property’s offered an attractive package for home buyers during Parade of Homes campaign.

In addition to the very attractive financial packages offered, Sime Darby Property’s also very pleased to note that they customers are buying because of the good track record, quality products, reputation as a reliable developer, and most importantly the trust and confidence in the Sime Darby property brand name.

The Parade of Homes campaign is being held in conjunction with MAPEX 2009 and continues until June 15, covering both residential and commercial properties in Sime Darby’s 10 townships.Sime Darby Property is also organising a property showcase from April 3-12 at the Sime Darby Convention Centre.

The purpose of Sime Darby Property to offers an attractive financial plan for home buyers during Parade of Homes campaign is make easier for home buyers to owning a dream home. Incentives include a Special Down Payment scheme, with initial payments as low as RM3,000.00 and the differential sum payable in installments of up to 12 months, together with free stamp duty and legal fees.

Other than, there are Early Bird Rebates up to RM10,000, and home buyers have the added assurance of the Sime Darby Property Guaranteed Buy Back.

Below present two scenarios of monthly loan repayments with the free stamp duties, free legal fees and early bird rebates schedule applied whenever you purchase a Sime Darby Property home throughout the Parade of Homes campaign:

Scenario 1 :
You bought a house in Bandar Bukit Raja with a minimum payment paid on 6 March 2009 and signed the Sales & Purchase Agreement on 20 March 2009. Our panel end-financier HSBC offers a loan of 12 equal months installment.

Scenario 2 :
You bought a house at Denai Alam with a minimum payment paid on 6 April 2009 and signed the Sales & Purchase Agreement on 5 May 2009. The loan offers 10 equal months installment.

Some think the situation will recover in the third quarter, others say it will take a year. But many property developers are not dropping their prices. It is in the secondary property market that buyers may be forced to sell, preferring to convert their assets to cash. We will bound to have that as many units will be completing this year.

Those who bought earlier are also expected to convert their assets to cash. Property agents and valuers have mixed views how much prices have dropped but the range is between 5% and 20%, depending on the project.

Normal profit in property project generally is 5% to 30%. Property Developers are now not making super profits.  Even if property developers drop property prices, it will settle at a fair level. Most of the property prices are close to construction price and land cost.

We will see a slow down in the property market in terms of sales volume. That is a result of people’s confidence. But the present scenario will not be as bad as the last 1997/98 Asian financial crisis.

“As the economic crisis deepens, questions about the state of some locations have risen. Eager buyers     snapped up about 40% of IJM Land Bhd’s newly launched Summer Place condominium units on the island over the weekend”.

The sales translated to about RM70mil of the RM174mil project off the Jelutong Expressway. The 22-storey Summer Place comprises 531 units with built-up areas measuring between 1,012 and 1,464 sq ft, priced from RM273,000 to RM460,000. The project was about 40% completed.

Construction work started in the third quarter last year and is scheduled for completion in 2011.The economies crisis cause the sales volume in property market was slow now.  IJM Land Bhd are providing free legal fees on the sale and purchase agreement, free legal fees on loan and zero interest till completion of construction.

The selling point is that it is near the harbour, the Penang Bridge, located along the new promenade off Jelutong Expressway, and is near to town area. Furthermore, the pricing from RM273,000 is very affordable.

No matter what the economic cycle is, there are always buyers out there. Property investors will buying investment property while the property market is dip in property prices. Property prices and rental yield increase when the property market is recover.

MIER expects the domestic economy to return to normalcy only in two to five years. Malaysia is not spared from the global financial crisis as well as property market meltdown. Since late last year, the domestic property market has started to show signs of weakening.

Kuala Lumpur City Centre’s (KLCC) high-end condominium is heading towards a 15%-20% price depreciation in two to three months. Property buyers are looking for more realistic pricing, reflecting the current conditions. In a worst-case scenario, he is projecting up to 30% drop in prices over that period.

Average price stands at RM1,500 per sq ft in KLCC presently. In other suburbs such as Bangsar, Damansara Heights and Cheras, predicts a 10%-15% decline. The rental of office space in KL should not be affected at least until the end of the year but expects prices to come down after that.

Downgrade the office to save money to overcome downturn market, reduce from RM8 to RM6 per sq ft. The KLCC landlord reduce by 10% to 15% (to prevent the tenant moving out). But at this time, the rental rates are maintained.

There will be additional 8 million sq ft of office floor in KL by 2011 or 2012. Currently, the rental rates at KLCC and the KL vicinity are between RM6 and RM8 per sq ft and between RM4 and RM6 per sq ft respectively.

Retail space is mostly occupied and rental rates have been maintained. However, the segment may witness a downtrend should the unemployment rate rise.

The commercial sector is least affected now, but in the long-term, affordable housing will be the least affected by the crisis, as people still need a house to stay in.

Property developers not to be unduly concerned about the external factors such as interest rates and global economy but instead concentrate on their branding. No matter what the economic cycle is, there are always buyers out there. Property developer- SP Setia Bhd’s launch a home loans package promotion recently getting a good result to sold property.

Economy of the United State is the backbone of world economic stability.As such, consumer confidence of the property market will only be restored once the US stabilises. The US is in recession but once it stabilises, property market will rebound directly.

Meanwhile, Real Estate and Housing Developers’ Association Malaysia concurs that the current world economic crisis will certainly affect the property market. Expects the property sector to trend downwards by 5% to 10% in y2009. There will be definitely a drop in terms of demand and prices, but the situation is still under control. From International Real Estate Federation Asia Pacific, the prospects of the property market is not so bright but compared to other countries, it is holding steady in terms of pricing.

Frankly, it’s a good time to buy a property when property market in downturn. Property is always a good investment. Buying investment property might bring capital growth and rental return. Hope that the next stimulus package will bring some goodies to this sector to spur sales and generate economic growth.

Berkeley Homes is a UK property developer founded in 1976 committed to providing quality london homes, new builds houses and new apartments for sale in London and the South East. Berkeley Homes has unrivalled expertise in creating sustainable communities within complex regeneration schemes on Brownfield sites. Although the location, size and complexity of sites vary, Berkeley Homes always delivers superbly designed and built homes.

The 125-year leasehold properties, high-rise properties comprising 292 apartments are collectively known as City Quarters.There are four blocks of buildings in City Quarters and known as Times Square and two buildings known as the Sugar House and Hoopers Yard.

In the past two months, the London property market has attracted much attention from overseas property investors.There is reason behind.

Property Prices for Penang property market may dip ~10%, UK property prices have dropped between 15% and 20% since 2007. The interest rate for housing loan has also come down to 0.5% while the rental yield is about 5% annually.Furthermore, the pound has weakened by about 25% compared with a year ago.

Berkeley Homes had promote City Quarters at the G-Hotel in George Town, Penang on 7th & 8th March. So far, eight property investors from Malaysia have paid deposits for the london homes in City Quarters, And Berkeley homes has sold about 70% of the properties.

The apartments are priced between £345,000 for a one-bedroom 500-sq-ft unit to £1.8mil for a three-bedroom 1,850-sq-ft unit.There are also 1,150-sq-ft duplexes with two bedrooms priced at £850,000.
The london homes, which are gated, come with concierge and night porter services, landscaped water gardens, courtyards and underground car parking bays.

The Times Square buildings, comprising 205 apartments, and the 45-unit Hoopers Yard building are completed. The 42-unit Sugar House is a 19th century Victorian building that is being refurbished for completion in August y2009. The Sugar House designed to have high ceilings and a grand entrance staircase.

Buying investment property in Malaysia or oversea are given good respond from property investors. Selling of London Homes in Penang proved it. Upcoming property fair will be launch in April is Australian property Fair. Australia & UK Property Development are offering property investment opportunities to Asian property investors.

Top 30 Property Developers Awards y2008 judge by The Edge Malaysia published on 1st Sept 2008. Here is the Malaysia top 30 property developer list;
1.    SP Setia Bhd
2.    IGB Corp Bhd
3.    Sunway City Bhd
4.    Island & Peninsular Sdn Bhd
5.    IOI Properties Bhd
6.    Bandar Raya Devt Bhd
7.    Bandar Utama City Corp Sdn Bhd
8.    Sunrise Bhd
9.    E&O Property Devt Bhd
10.    Boustead Properties Bhd
11.    Mah Sing Group Bhd
12.    YTL Land & Devt Bhd
13.    Eastern & Oriental Bhd
14.    Dijaya Corporation Bhd
15.    Paramount Corp Bhd
16.    Glomac Bhd
17.    Malton Bhd
18.    Selangor Properties Bhd
19.    YNH Properties Bhd
20.    Plenitude Bhd
21.    Naza TTDI Sdn Bhd
22.    PJ Development Holdings Bhd
23.    Naim Cendera Holdings Bhd
24.    United Malayan Land Bhd
25.    Selangor Dredging Bhd
26.    WCT Land Sdn Bhd
27.    Bolton Bhd
28.    Metro Kajang Holdings Bhd
29.    GuocoLand (M) Bhd
30.    Mulpha Land Bhd

Property developer even playing bigger role in completed of property development project and  right property developer ensuring that you’re getting the best property deal in Malaysia.

There is good responded for Malaysian International Property Expo 2009 (MAPEX 2009) which held on Mid Valley Exhibition Center 6th Mar 2009 - 8th Mar 2009 (10am – 9pm). The next Property Expo is Penang International Property Expo held on 27th~29th March (11am – 9pm) at Penang International Sport Arena (PISA).

Penang International Property Expo y2009 is marked by focus marketing and sustain a steady flow of visitors through interesting and informative talks, forums, games and other interactive activities. Most importantly, the show provides the ideal exchange between smart exhibitors and discerning visitors, buy a house in 10 days, leading to opportunities for quality sales leads and closing contracts.

Penang International Property Expo exhibitors are; Developers of Residential, Commercial and Industrial properties in Penang, Private medical hospitals and centres offering medical and healthcare facilities, Companies providing facilities and services for Malaysia My Second Home (MM2H) programme.

Key public agencies involved in development, promotion and marketing of facilities and services in the Property Investment and related sectors such as Home and Lifestyle, products and service providers, Bank, Insurance and related Financial Institutions.

Penang International Property Expo y2009 exhibitors list as below;
1.   Setia Promenade Sdn. Bhd.
2.   Ivory Properties Group
3.   MTT Properties & Development Sdn. Bhd.
4.   UDA Land
5.   Mah Sing Properties Sdn, Bhd.
6.   Ideal Homes Properties Sdn. Bhd.
7.   CP Landmark Sdn. Bhd,
8.   UK Land International (M) Sdn. Bhd.
9.   PDC Properties Sdn. Bhd.
10. Bertam Properties Sdn. Bhd,
11. HSBC (M) Sdn. Bhd.
12. Paramount Projects Sdn. Bhd.
13. Public Mutual Berhad
14. MRCB Sentral Property
15. Tambun Indah Sdn. Bhd.
16. MNP Auctions Group
17. Mytec Marketing
18. Fullhouse Media Sdn. Bhd.
19. IJM Group
20. Platinum Victory
21. Kinta Properties
22. Affin Bank
23. Abad Naluri
24. PLB Land
25. Kulim Technology Park Corporation Sdn. Bhd.
26. Total Investment
27. Carey Real Estate (PG) Sdn. Bhd.
28. PJD Eastern Land Sdn. Bhd.

There is still some of the International Property Expo at different region, here will keep update the detail and share to all the property investors, pre-home owner. Look for more opportunities and start your Property Investment scheme while market uncertain. If you are not property agents, you might buy and sell property/real estate from home as well.

According to Penang-based Raine & Horne International Zaki + Partners’ Michael Geh, property prices on the secondary market are down. Rising unemployment due mainly to the closure or downsizing of manufacturing operations hit by the global credit meltdown are expected to drive property prices down by 10% or so this year.

Even thought Bank Malaysia to cut loan repayments and banks continue slash interest rate recently, the demand for property in Penang are still in decreasing trend. The property prices dip is likely to occur in addresses with speculative elements and he identifies these as Bayan Lepas, Bukit Gambier and Sungai Dua (southwest district),Gurney Drive and Batu Feringghi (north east district).

Presenting The Edge/Raine & Horne International Zaki + Partners Penang Housing Property Monitor for 4Q2008, Geh notes that buying interest rate practically dried up during the period under review while construction of existing projects slowed down. The number of completed apartments has also dipped.
As expected, Penang commercial real estate is also feeling the pinch. Example property prices in Penang, Queensbay Mall’s ground floor units sized from 350 sq ft to 600 sq ft were sold for between RM2,450 psf and RM2,700 psf in 2007. Last year, however, a unit changed hands for just RM2,200 psf.

Sampling for the Penang Housing Property Monitor reveals that property prices in most areas surveyed stayed unchanged from the previous quarter, due to very few or no transactions.

On a more positive note is points to a 4.2% rise to 3.46 million in tourist arrivals last year from 2007. Greater tourism activity, will spur the demand for tourism-related property projects. If the tourist enjoy their trip, environment, local food and others attractive points, their might think about MM2H (Malaysia My Second Home) or look for buying investment property in Malaysia. Property prices in Malaysia consider reasonable for foreign property investors.

Property market to rebound in 2 years, but the property prices in Penang was dip ~10%. If you are property investor, it’s right time for you to look for property with lowered property prices and strategies location, plus better mortgage loans rate offer right now. Buying investment property with low prices and selling property in high property prices when market rebound.

SP Setia Bhd (Malaysia’s No.1 property developer in The Edge Malaysia Top Property Developers Award and Euro money Real Estate Awards in 2005, 2006 and 2007) recently launched 5/95 Home Loan Package has achieved better-than-expected sales of RM300mil amid the softening economy. RM300mil sales in less than two months is very good result in uncertain economy. The RM300mil sales figure was based on bookings made.

Launched on Jan 19, SP Setia’s 5/95 Home Loan Package allows home buyers to pay only an initial 5% of the price of the house while all legal fees and stamp duty on the sales and purchase agreement, among other benefits, will be borne by SP Setia. 0% interest during property under construction period. The package is available until April.
SP Setia has targeted RM1.1bil in revenue for its financial year ending Oct 31 (FY09). It has already chalked up RM400mil in sales until Feb’09. Meanwhile, the property developer would be launch Eco Lakes township in Ho Chi Minh City, Vietnam (RM2bil) next month as planned.

SP Setia has a sales target of RM100mil in FY09 for the 558-acre residential property development, which will take at least 10 years to complete.

In April, it will launch its first high-rise project, Setia Sky Residences.The luxury serviced apartments project, located at the intersection of Jalan Tun Razak and Jalan Raja Muda Abdul Aziz in Kuala Lumpur, has a gross development value of RM800mil. SP Setia Bhd has targeted to achieve RM200mil in sales for this project in FY09.

SP Setia would be interested in any merger and acquisition (M&A) plan. M&A doesn’t make sense right now unless the company has a lot of good landbank, but most property developer companies that are in trouble do not have much land left.

SP Setia Bhd had unbilled sales of RM1.2bil and a landbank of about 4,000 acres. SP Setia Bhd would maintain its dividend payout ratio of 50% of profit after tax. Property Developer like SP Setia Bhd records better-than-expected revenue of RM300mil is good sign in property market. Why not look at property investment industry right now which is lower BLR rate in home loans.

Four banks – RHB Banking Group, Public Bank Group, United Overseas Bank Bhd (UOB) and Malayan Banking Bhd (Maybank) – have cut their respective Base Lending Rates (BLR) from 5.95% to 5.55%, following Bank Negara’s move to cut the Overnight Policy Rate (OPR) from 2.5% to 2% on Tuesday. RHB Bank and Public Bank will also be reducing their respective Islamic bank’s base financing rate (BFR) at the same quantum.

RHB Banking Group managing director Michael J. Barrett said housing loans borrower would be able to pay less to service their housing loans with floating rates while individuals and businesses would enjoy lower borrowing costs. Bank Malaysia help housing loan borrowers during these challenging times and provide our customers with more financial support. All the news BLR rates would take effect next Monday.
Public Bank Group chairman Tan Sri Dr Teh Hong Piow said the bank’s new interest rates would take effect next Tuesday (03/03/09). The reduction of BLR and BFR is part of the group’s on-going commitment towards the creation of a more supportive monetary environment which will help to sustain economic growth in the country.

A UOB Bank would reduce its BLR interest rates on March 6.Maybank would begin implementing its new rates next Monday, March 2. Other banks are taking steps to restructure their interest rates and will be announcing lower BLR soon. Maybank’s president and chief executive officer Datuk Seri Abdul Wahid Omar said; the base financing of Maybank Islamic Bhd will also be revised the same date. Maybank & Maybank Islamic last revised their BLR and BFR respectively on Ferbruary 03 when the BLR interest rates were reduced from 6.5% to 5.95%.

Meanwhile, the Association of Banks said in a statement that the downward revision of monthly housing loan repayment instalments should be completed around the end of the first quarter of this year. Banks will be notifying their customers on the quantum of reduction of the housing loan repayment installments and the effective date directly.

It is learnt that other Banks in Malaysia are currently taking initiatives to restructure their interest rates and will be announcing lower BLR soon. Bank Malaysia help housing loan borrowers during these challenging times and provide our customers with more financial support.

Customers who prefer to retain their loan repayment amounts need to get in touch with their mortgage loan banks. The association of bank malaysia said that the move by all commercial banks to cut instalment amounts follows the request by the Government to help borrowers facing difficult economic times. Loan repayment is one of the plan to help mortgage loans borrower and those are lost carrer in company retrenchmennt.

Lower monthly loan repayments will allow for more disposable income to be in the hands of the public and we reaffirm our member banks’ commitment to continue to be reasonable as well as responsive to the public’s needs.
The association bank malaysia said the move to reduce loan repayments was now possible following Bank Negara’s announcement of the reduction in the Overnight Policy Rate (OPR) on Tuesday (24/02/2009).

That move would bring about the reduction in the base lending rates of Bank Malaysia. With the reduction, all commercial banks had agreed to cut loan repayment amounts across the board and maintain the original repayment period.

However, mortgage loan borrowers also had the option of maintaining their monthly instalment amounts without and they have chance to shorter loan repayment period. Mortgage loan borrowers could consult their banks’ hotlines if they have queries on the proposed revision and other facilities.

In other word, property investor get benefit from the lower Base Lending Rate and loan repayments in mortgage loans. This can increase total return in property investment.

The challenges facing REITs is not only the negative property market sentiment towards equity, but also the inability to raise capital growth due to tightening credit. Despite the challenging economic conditions this year, REIT managers in the country are confident they can mitigate the impact by looking at various options to raise capital, acquiring properties prudently and focusing on existing assets to ensure strong tenancy.

Axis REIT Managers Bhd chief executive officer and executive director Stewart LaBrooy said part of the growth process of a REIT was to continuously acquire properties to enlarge its portfolio.Axis REIT would not discount the possibility of future acquisitions this year although it may not be as intensive as y2008.
But any potential acquisitions will need to be yield-accretion.
With the reclassification of Axis REIT as syariah-compliant last December, the REIT hoped to appeal to a broader investment base of both conventional and syariah funds locally and abroad to facilitate Axis REIT’s future capital raising exercises. Currently, Axis REIT’s focus is on local properties as LaBrooy believes there are still many “reitable” property in Malaysia.

Many companies were exploring strategies such as sale and leaseback, which would help release cash back into the business and operations. In addition, we are proactively engaging with property developers or contractors to produce more reitable assets.

Axis REIT, which owns 19 properties, has put on hold its acquisition plans until further capital can be raised. LaBrooy said the company had always tried to maintain a policy to cap its gearing level at 40%.
The gearing level was at about 34% now, which means it can still borrow RM260mil.

Axis REIT is also proceeding with refurbishment activities at three of its properties - Menara Axis, Nestle House and Crystal Plaza - which will cost about RM8mil.The refurbishment is aimed at attracting tenants and potential clients, and sustain asset valuations.

Atrium REIT Managers Sdn Bhd chief executive officer Paul Lim said the earnings outlook for REITs for the first half year of 2009 was expected to be stable. But beyond that I am holding (off) optimism (until) 2010.

The outlook is still unclear as the actual impact of the global financial meltdown is not yet felt, particularly on the rental squeeze (as) tenancies are still intact. Lower borrowing costs now may boost earnings a bit more. At the entry price today, our net earning per unit yield is in excess of 11%. It’s attractive compared with fixed deposit rates, which (are affected) by the reduction in the overnight policy rate by 75 basis points to 2.5%.Currently, Atrium REIT is looking at logistics-based industrial assets.Although it was in preliminary discussion with a few potential landlords, it had no plans yet for new acquisitions so far.

For Hektar Asset Management Sdn Bhd, the manager of Hektar REIT, most of its income comes from leases to retailers. Its retail mall properties have achieved relatively stable income, with only 26% of Hektar REIT’s monthly income tenancies expiring in y2009, while the rest of the rental income is already locked for longer term.

Hektar chairman and chief executive officer Datuk Jaafar Abdul Hamid said it would continue to focus on retail assets and grow its asset base via acquisitions. Hektar REIT foresaw huge opportunities in shopping centres throughout Malaysia as Hektar REIT only owned 1.1 million sq ft of shopping centre space now, compared with a total of close to 90 million sq ft of shopping centre net lettable area (space for rent) in Malaysia.
Hektar REIT would develop new properties on a private basis through the group’s private company which is focused on developing retail assets as REITs are not allowed to develop new properties.Hektar REIT aim to develop and own world class retail shopping centres serving the needs of ordinary Malaysians.

Meanwhile, GLM REIT Management Sdn Bhd, the manager of Tower REIT, said it would continue to inject good quality and yield-accretive prime office assets in the Klang Valley into the REIT, but with greater caution and discernment.

GLM REIT looking at growth strategy emphasises on value and focuses on prime office buildings while maintaining uncompromising criteria for new acquisitions.Tower REIT would continue to adopt optimal gearing levels and will actively manage the risks associated with changes in interest rates and capital markets.

GLM REIT believed that the REIT sector was still at a relatively early stage of development as there were not many players and the challenge was how to attract more REIT players and property investors into the property market in Malaysia. This in turn will improve liquidity and add vibrancy in the industry.While there are challenges, Tower REIT is confident the property market will improve eventually, especially with the Government’s support through its stimulus packages and fiscal policies.

Frequencies ask question (FAQ) for Hong Leong Mortgage Plus

1. What is Hong Leong Mortgage Plus(HL Mortgage Plus)?
Hong Leong Mortgage Plus is a mortgage product that combines a term loan with transactional freedom of a current account.

2. Does it mean that I have to open two types of accounts for HL Mortgage Plus?
Yes. For every HL Mortgage Plus account, you shall open/maintain the following accounts with HLB:-
(I) a HL Mortgage Plus loan account (term loan)
(II) a non-interest bearing current account which is linked to (I) above.

3. How does Hong Leong Mortgage Plus works?
Hong Leong Mortgage Plus link your loan account directly to your Mortgage Plus current account, whereby the credit balance in your current account will automatically help to give you greater savings on interest.

4. Please show me how interest is computed and the difference between a conventional term mortgage loan to HL Mortgage Plus?

A simple illustration
Based on the following assumption:-
· Loan outstanding balance: RM500,000 (debit)
· Current account available balance: RM80,000 (credit)
· Interest rate: 6.75% p.a.
· Daily rest basis
· No change to the loan & current account position for 30 days (a month)
Workings on Interest computed for 30 days:-

Conventional Type
500,000 x 6.75% x 30/365
RM2773.97

Hong Leong MortgagePlus
(500,000 less 80,000)
x 6.75% x 30/365
RM2330.13

5. How much do I save when comparing a traditional/conventional mortgage loan type to a HL Mortgage Plus type? Show me.
As per above illustration:-
Interest savings:
RM2,773.97 less RM2,330.13 = RM443.84 /month.

6. What are the key benefits of Hong Leong Mortgage Plus?
Cost savings on interest - With the concept in (3) and as illustrated in (4) above, whenever you deposit or save into your current account, your loan interest will be reduced.
Ability to pay-off loan faster - With lower interest cost payable, the loan tenure will be shorten, thus allowing you to own your home sooner.
Flexibility - Make extra payments and withdraw from your current account without having to apply or worry on unnecessary charges or penalties.
Accessibility - Easy access to funds in your current account via branch, cheque book, ATM and internet banking
Convenience - Manage all your banking transactional needs and at the same time optimize on interest savings when you consolidate your funds into one account.

7. Other than the cost savings on interest, how else do I benefit from HL Mortgage Plus? Will the mortgage loan tenure be affected?
When you pay less interest for an installment, more of your loan principal will be paid off. This will result in your mortgage loan tenure shorten.

8. Will it be more beneficial to leave my savings in FD to earn interest or transfer the amount to Mortgage Plus current account?
With HL Mortgage Plus loan, you’ll be savings on higher rate if the rate chargeable on loan is higher than FD rates.

Please see illustration below:-
Traditional housing loan
Housing loan RM500,000 x 6.75% p.a. = RM 33,750
Fixed deposit RM 80,000 x 3.70% p.a. = RM 2,960
—————————————————————————-
Net annual interest payable = RM30,790
HL Mortgage Plus
Mortgage Plus account RM500,000
Current account bal account RM 80,000
—————————————————————————-
Integrated bal for
Interest computation RM420,000
Net annual interest payable = RM420,000 x 6.75%
= RM28,350
Difference (annual interest payable) =
RM 30,790 - RM28,350 = RM2,440
(Note: Above workings are for illustration purpose only. Workings are built on simple assumption of loan amt of RM500,000 calculated at loan rate of 6.75% while FD rate is on 3.70%)

9. Who is eligible to apply for HL Mortgage Plus?
An individual
Age 18 years and above
Income requirements: 3 times monthly repayment
Minimum loan amount of RM100,000

10. What about sole-proprietor, partnership & corporates? Can these entities apply for HL Mortgage Plus?
No, as HL Mortgage Plus applies to individuals only.

11. Will I be assigned with two different account numbers and how do I repay the mortgage loan?
Yes. You will be assigned with two different account reference. One for your Mortgage Plus loan and the other for your Mortgage Plus current account.
For repayment of loan, you have to sign up Standing Instructions on your current account to automate the transfer of interest / installment / maintenance fee from you current account to your mortgage loan account.

12. What is my initial opening amount for the current account?
Initial amount for opening of account is RM500.

Check out the features, benefits and how you can stop paying more and start enjoying maximum savings everyday!

-Attractive Loan Package
Loan packages that have been designed with you in mind, making it easier and more affordable for you to own a home.

-Daily Interest Calculation
Interest on your loan is computed on daily basis and is reduced as soon as extra payment is made on daily.

-Save on Interest
Extra deposits or savings made towards your current account help to cut interest cost.

-Pay off your loan sooner
Trim years off on loan duration with less interest payable.

-Simplicity of managing one account
Maximize on interest saving when you consolidate all your funds into current account linked to the mortgage loans and utilize this account for all your banking transactional needs.

-Flexibility in repayment and withdrawal of funds
Make extra payments and withdraw from your current account when you need it, without having to apply or worry on unnecessary charges or penalties.

-Easy Access to Funds
Quick access to your funds via branch, cheque book, ATM and Internet Banking from your current account.

Who is Eligible to Apply?
Are you eligible for this home loan? If you are meet all the condition lists below, than you are certify for home loan application.
·Individual
·Age 18 years and above
·Income requirements: 3 times monthly repayment
·Minimum loan amount of RM100,000

Mortgage loans owner always look for refinance mortgage loans. Here is one of the promotion given by Bank Malaysia. If you are doubt please refer to frequencies ask question (FAQ).

Contact Number : +60124727858, 03-7626 8899

There have been numerous real estate exhibitions in town but the Australia & International Property Fair 09 will display entirely international projects, focusing mainly on Australian Property. The event will showcase all types of commercial and residential projects by established Australian property and international developers.

Interested home buyers or property investors should therefore mark their calendars for the upcoming Australia & International Property Fair 09 that is expected to offer a variety of choice properties.

The premier Australian property fair will be held for two consecutive days on April 11 and 12 at the Palace of The Golden Horses in Kuala Lumpur.Thereafter, it will move on to Penang at the G-Hotel from April 15 to 16.

Over the past decades, Australia has been the most popular choice for pursuing tertiary education abroad among Malaysians, as it is less expensive in comparison to the United States or the United Kingdom. Furthermore, it is geographically nearer.

With thousands of Malaysian students studying Down Under and an increasing number migrating there each year, it is no surprise there is a growing interest and property market for Australian property. Unfortunately, these are available on a rather small scale or in limited choices through local real estate agents.

For parents planning to send their children to Australia for further studies, the Australia & International Property Fair 09 will be an excellent opportunity for buying investment property.

With high rental yield in big cities like Melbourne and Sydney, those who can afford it may wish to consider buying an apartment or townhouse for their children’s accommodation and later putting it up property for sale when the market is up.Alternatively, some may consider keeping it for possible future migration or renting out the property for income in the interim. Australian property in big city provide high rental yield and capital growth in property market as well.

With the recent strengthening of the Malaysian ringgit against the Australian dollar and no visible rise in real estate prices following the global economic downturn, it is timely to consider investing in Australian property. Buying investment property in Australia to explore you property investment industry.

Besides Australian and international real estate, the fair will also feature related businesses and services which include banks, financial services companies, fund houses and migration agencies.

The Australia & International Property Fair 09 will serve as an excellent platform for international exhibitors in the property market, especialy Australian property and related businesses to reach out to many prospective Asian buyers, especially from Malaysia and Singapore.This international event is brought to you by BW Cyans Advertising Sdn Bhd. Don’t miss out the opportunity to invest in Australian Property.

Executive chairman Datuk Abdul Rahim Rahman said people were getting more prudent with their spending, adopting a wait-and-see attitude that has resulted in the property market getting softer.

The price of luxury condominiums in Kuala Lumpur City Centre (KLCC) for example are down 15% to 20 %”. Apart from that, the ongoing buildings development activities outside the central business district may push down the rental rate for offices when they are ready by 2010 - 2011 as a result of oversupply of office space. Malaysia property market getting influence during the current economic uncertainty.
Property consultanty firm Rahim & Co Chartered Surveyors expected the Malaysian economy to recover in 12 to 16 months but the Malaysia property market would take another two years to rebound after the economy recovered. This all will depend on the Government’s strategy and initiatives to strengthen the economy. It’s not as bad as in year 1997 when the property market needed 4-5 years to recover. Property consultanty firm Rahim & Co Chartered Surveyors believe that property market would be stable again within two years after economic recovery.

Savills Rahim & Co Real Estate Agents’ managing director Robert Ang said buyers were now asking for a yield guarantee from property developers before buying a property. Last year, the yields were 4% to 5%. As the market weakens, home buyers want guarantee from property developers to give them higher yields at 6% to 7%”.

Due to weak demand in property market right now, some of the company’s clients were advised to defer their new launches, especially the higher-end projects, to the third quarter.

Nevertheless, the property sector remains relatively well supported at the moment. Banks are still providing mortgage loans to home buyers and property developers. Apart from that, home sellers are getting more flexible on pricing their properties.

However, the demand is not as strong as before. Rahim & Co will be organising a seminar called “Looking Beyond: Challenges & Opportunities In The Malaysian Property Market” on March 3 at Hotel Istana Kuala Lumpur. The seminar will feature talks on the property market situation in the country by local and international speakers. If you are from property investment sector, you should attend the seminar and acknowledge about current property market and property market expectation in next few year.

Construction cost is now at a moderate rate and with careful selection of property investment, MGPA still can make benefit. MGPA will invest RM2bil (including acquisition and construction costs) in The Intermark.

The amount involves the complete refurbishment of 62-storey landmark grade A office building Vista Tower (formerly known as Empire Tower), a new international grade A office building Integra Tower, retail centre Intermark Mall (formerly known as City Square) and Malaysia’s first Doubletree by Hilton Hotel.

MGPA - through it’s Asia Fund 2 - acquired the Empire Tower, City Square, the Crown Princess Hotel and Plaza Ampang in 2007 for about RM760mil.
The reason MGPA  to refurbish and build the grade A office buildings was because such buildings were limited in the city.Besides that, the location of the development - at the junction of Jalan Tun Razak and Jalan Ampang - is very strategic, just 500 metres from the Petronas Twin Towers and also about a two-minute walk to the Ampang Park LRT..

MGPA company is comfortable with the investment in Malaysia and will be here for a long time. Chief executive officer of MGPA Asia Developments;Michael Wilkinson is looking for more investment opportunities in Malaysia and will announce that when the time comes.

Malaysia was fortunate to be still resilient in the current climate and, with a strong market, the country was still attractive to real estate investors.

The refurbishment of Vista Tower is expected to be completed by end of this year and Integra Tower by end-2012 while Intermark Mall and the Doubletree hotel by Hilton Hotel  are scheduled to have their soft openings by the first quarter of 2010.

MGPA is the company’s first investment in Malaysian real estate market, this investment might build confident for real estate investors. MGPA is confident that the office space in Vista Tower will be fully taken up once it is completed by end of this year.

However, it seems that few of the banks seems still not announce the changing of Base Lending Rate (BLR). Anyway, need to confirm with the bank whether the showed bank mortgage rate is not yet adjusted to reflect the changes of the OPR.

Referring to Malaysia Bank mortgage Loan BLR history, base lending rate hit lower point since year 1989. And below table show a list of Base Lending rate in Bank Malaysia and the effective date. (Note:some of the banks not yet announce the latest BLR).

Need to wait and see how is the reduction on the next few months. Welcome to inform me on any changes of the conventional Base Lending Rate (BLR) in bank mortgage rate that you know about.

Check for latest BLR info . . . . .Click Here

With the launch of its new Flexi Home financing-I Scheme, which covered both Islamic and conventional financing, the CIMB bank was expecting a significant growth in the mortgage loans segment in year 2009. Flexi Home financing-I Scheme is referring to adjust rate bank mortgage loan (ARM). Some of the party call as floating rate bank mortgage loan.

With the strengthening on CIMB Bank in terms of distribution, CIMB Bank are the fastest growth mortgage business in Malaysia and think of make a significant impact in the rollout of this product.

CIMB Bank was expecting between RM2.5bil and RM3.obil in sales from Flexi Home financing-I Scheme. Since launch in Jan y2009, Flexi Home financing-I Scheme have approved more than RM10mil. Property Investment is still in growing sign.

CIMB Bank was expecting a 15% growth in residential mortgage loans in year 2009. In year 2008, CIMB Bank had recorded a growth of 28%, from RM5.4bil to RM24.8bil. CIMB Bank expects to archive a 20% growth in non-residential mortgage loans. In year 2008, non-residential mortgage loans registered a 33% growth to RM8bil.

Given the current gloomy economic conditions, CIMB Bank projected the bank mortgage loans industry growth to be in single digit in year 2009, ~ 6% to 7 %.

Executive chairman Lee Seng Huang said the group would focus on its Leisure Farm Resort in Iskandar Malaysia, Johor as well as its high-end boutique property development in Bangsar and an office tower in Jalan Sultan Ismail, both in Kuala Lumpur, to enhance its property portfolio.

Mulpha International Bhd is very confident of the quality of their unique property developments and has a strong balance sheet to ride out this storm. However, they remain conscious of capital expenditure and are tailoring the property project timing according to the rapidly changing property market. environment.

Lee said there were a further 600acres to be developed at the RM2.1bil Leisure Form Resorts – a gated resort property development that covers about 1765 acres surrounded by rivers, orchards, parks and a mangrove swamp.

An upcoming property development there includes SPA villas and chalet hotels along the canal. Two villas will be ready soon at the new show village, which will ultimately feature six villas. The pricing of about RM3mil per unit at the Polo Precinct will set new benchmarks in property investment.

In addition, the Bayou Water Village, comprising 213 stratified canal front village homes, will be completed by the fourth quarter. When the property market shows signs of improvement, Mulpha International Bhd will launch our new Precinct 7 consisting of lifestyle landed semi-detached units and bungalows fronting the canal and mangrove reserve.

The property development will have 332 units with a gross property development value (GDV) of RM500mil. Precinct 7 will be the key focus in the fourth quarter as we gear up towards earth-works in the next quarter.

Mulpha International will also expand Bale Equestrian & Country Club’s support facilities to include a full suite of conference facilities, indoor multipurpose sports complex, tennis courts and lap poor.

The group’s proposed seven strata bungalows with a green architectural concept called the “Enclave” with a GDV of RM70mil in Bangsar were scheduled to commence work in the second half of the year.

The project is very niche so there should be sufficient demand to ensure its success, said Lee. On the 28-storey commercial office block in Jalan Sultan Ismail, Mulpha International had obtained the property development order for the 360,000 sq ft office tower, which has GDV of RM450mil. In view of the shortage of prime A + buildings in the city center, we are proceeding with the building plan submission for construction

We would all like to buy property that have both great capital growth and a high rental yield. Fortunately this is currently what is being experienced in the North East of England at this present time, Asia country like Hong Kong, Taiwan, Korea and Malaysia.

Many new and experienced investors invest purely based on rental yield (the rental income generated over a year expressed as a percentage of the purchase price of the property). In general strong capital growth usually goes hand in hand with a lower rental yield.

As the value of a property increases, then it follows that its rental return decreases. This is of course unless the rent increases by the same proportion, which does not normally happen. Rents eventually go up but these increases lag capital increases by several years.

So the situation during any extended period of high capital growth as happens during property booms is that rental returns fall. This is just the way the property investment market works. During slower phases of the property cycle, when interest rates are rising and affordability of properties is decreasing, more potential home owner (first time home buyer) turns to renting properties. This is the stage of the property cycle that rental growth starts to catch up.

Now it’s obvious why many investors look for higher yielding properties; Typically they seek higher returns in order to service mortgage loan payments and cover other related costs. They also believe they cannot buy many properties because they can’t afford to service additional loans. This is why many new investors make the mistake of viewing their property investments as primarily income driven.

However we firmly believe that at the end of the day it is strong capital growth that will be the key to any successful property investment. New property investors should note that the first few years of property investing could be particularly challenging. Always remember that capital growth builds your equity much faster than loan repayments and rental income ever will.

We would always suggest that you seek a balance between capital growth and income and view your investment as medium to long-term and be prepared to ride out the inevitable cycles, which we see in the property investment market. The rental income (rental return) needs to be high enough in order to ensure that you cover all associated costs such as mortgage loan/ insurance / management charges etc. However unless you are retired and need income to maintain your lifestyle then you should always be looking further ahead towards longer-term capital growth.

Subdivided buildings such as condominiums, apartments, flats and townhouses, the expected date of completion from the date of signing of the SPA is 36 months.

First time home buyer are advised to obtain complimentary brochures from housing developers, which states all necessary information such as the developers’ license number, advertisement and permit.

Land Category
Please check if the land is:
·Freehold – in its perpetuity.
·Leasehold – check number of years still valid.
Encumbrance – if the land has been mortgaged to the bank for mortgage loan.
Further info on the land can be obtained from the Land Office or the State Land Register.

Property Developer
Prior to purchase a housing property, you must ensure that the housing developer has:
·A license and it is still valid.
·An advertisement and sales permit and it is still valid.

Complimentary Brochure from Housing Developers
All brochures from developers must contained the following:
·All relevant information about the housing developer (the license number, advertisement, sales permit and the expiry date)
·Land category
·Location description and specification of building area, materials, size of building and amenities / services.
·Expected date of completion
·Price of each type of house and number of units for each type
·Reference number of the approved building plan and name of the local authority
·Rights and interest of home buyer in the SPA
As per Schedule G & H of the Housing Development (Control & Licensing) Regulation 1989.

First Payment
First payment of 10% must be made upon signing the SPA. Please note that the date of signing of SPA and payment are the same. (The housing developer is not allowed to collect any payment without the SPA being signed).

Architect Certification
A certificate duly signed by an architect or a certified engineer must support every request from the developer for payment.

Interest on late payment
An interest of 10% per annum will be charged on the home buyer or the end financer for the home buyer who fails to pay the progressive payment within 21 working days from the date of the written notice of payment from the developer.

Termination of SPA
The developer has the right to terminate the SPA if the home buyer fails to make the progressive payment or interest charged on late payment exceeding 28 days. The developer shall then send a written notice via AR registered post of its intention for the termination of SPA. First time home buyer should take seriously on the period of payment.

Infrastructure Maintenance Fee
Infrastructure is defined as road, driveway, drains, sewerage, pipelines and sewerage tank for the housing development (for land & building), road, drive, drains, sewerage, pipelines and sewerage tank for the building (for subdivided buildings).
The home buyer must pay the cost of maintaining of the infrastructure from the date of vacant possession till responsibility is taken over by the local authority or Management Corporation.

Maintenance & Management Fee
From the date of delivery of vacant possession, the home buyer shall be responsible to pay for services for:
i) Land & Building:Refusal removal, upkeep of drains and grass cutting on the road reserves until such responsibility is taken over by the relevant authority. The home buyer must pay a Six (6) months’ deposit upon handling of vacant possession. After Six (6) months, any subsequent payment shall be payable on a monthly advance if the services are still not taken over by the relevant authority.

ii) Subdivided Building:Payment starts when vacant possession is handed over for the cost of maintaining and managing the common area. The home buyer shall pay One (1) months’ deposit and three (3) months’ advance. Any payment thereafter shall be payable on a monthly advance. Under the Strata Title Act 1985, the maintenance fee must be paid to the developer from the date of vacant possession until the formation of a Management Corporation to handle the maintenance services. Then, the home buyer must pay to the Management Corporation and no longer the developer.
“Note: It is compulsory for the home buyer to pay the maintenance fee for as long as he / she owns a parcel in the said maintained building.”

Payment of Quit Rent, Assessment, etc.
The home buyer is responsible for the payment of quit rent, assessment, rate payment and other charges on subject property bought from the date of vacant possession or date of assignment, whichever is earlier.

Sinking Fund – For subdivided building only
Upon vacant possession of the subject property, the home buyer shall contribute to the sinking fund, an amount equivalent to 10% of the service charges. In respect of service charges to the sinking fund, the home buyer shall pay One (1) months’ deposit and three (3) months’ advance. Any payment thereafter shall be payable on a monthly advance. First time home buyer must take in calculation for all this fees. All the fees & charges must pay, then only obtain the housing keys from developer property.

Damages
Should the developer fails to deliver vacant possession to the home buyer within the time frame as stipulated in the SPA, the developer shall compensate to the home buyer as liquidated damages calculated on a daily rate at 10% per annum of the Purchase Price.

Vacant Possession
Vacant Possession of the building completed with water and electricity connection must be handed over within 24 calendar months for landed property and 36 calendar months for subdivided buildings from the date of signing of the SPA.

The home buyer must ensure the property is free from encumbrances before accepting notice of vacant possession. The developer must have applied for Certificate of Fitness (CFO) through Form E and the local authority must have issued a notice stating that Form E has been checked and accepted by relevant authority at time of delivery of vacant possession.

The home buyer is only entitled to enter into occupation of property upon issuance of the CFO. Renovation may be carried out after which, together with approval of the plans by the relevant authorities. The home buyer must also inspect and record for any defects, and handover to the developer for rectification works, especially first time home buyer.

Defect Liability Period
The defect liability period is 18 months after the date of delivery of vacant possession.

The Formation of Management Corporation
The Management Corporation will be created once the strata title of each individual parcel is issued to the owners. Other functions are to insure and maintain a building.

Above are buying a home knowledge for first time home buyer. Better estimate your costs, get a thorough inspection before you buy a home.

List of bank in Malaysia divide to 4 groups, there is Commercial Banks, Islamic Banks, International Islamic Bank, and Investment Banks.

Below show a list of licensed banking institutions in Malaysia;

Commercial Banks
1  Affin Bank Berhad
2  Alliance Bank Malaysia Berhad
3  AmBank (M) Berhad
4  Bangkok Bank Berhad
5  Bank of America Malaysia Berhad
6  Bank of China (Malaysia) Berhad
7  Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad
8  CIMB Bank Berhad
9  Citibank Berhad
10 Deutsche Bank (Malaysia) Berhad
11 EON Bank Berhad
12 Hong Leong Bank Berhad
13 HSBC Bank Malaysia Berhad
14 J.P. Morgan Chase Bank Berhad
15 Malayan Banking Berhad
16 OCBC Bank (Malaysia) Berhad
17 Public Bank Berhad
18 RHB Bank Berhad
19 Standard Chartered Bank Malaysia Berhad
20 The Bank of Nova Scotia Berhad
21 The Royal Bank of Scotland Berhad
22 United Overseas Bank (Malaysia) Berhad.

Islamic Banks
1  Affin Islamic Bank Berhad
2  Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
3  Alliance Islamic Bank Berhad
4  AmIslamic Bank Berhad
5  Asian Finance Bank Berhad
6  Bank Islam Malaysia Berhad
7  Bank Muamalat Malaysia Berhad
8  CIMB Islamic Bank Berhad
9  EONCAP Islamic Bank Berhad
10 Hong Leong Islamic Bank Berhad
11 HSBC Amanah Malaysia Berhad
12 Kuwait Finance House (Malaysia) Berhad
13 Maybank Islamic Berhad
14 OCBC Al-Amin Bank Berhad
15 Public Islamic Bank Berhad
16 RHB Islamic Bank Berhad
17 Standard Chartered Saadiq Berhad

International Islamic Bank
1 PT. Bank Syariah Muamalat Indonesia, Tbk
2 Unicorn International Islamic Bank Malaysia Berhad

Investment Banks
1  Affin Investment Bank Berhad
2  Alliance Investment Bank Berhad
3  AmInvestment Bank Berhad
4  Aseambankers Malaysia Berhad
5  CIMB Investment Bank Berhad
6  ECM Libra Investment Bank Berhad
7  Hwang-DBS Investment Bank Berhad
8  KAF Investment Bank Berhad
9  Kenanga Investment Bank Berhad
10 MIDF Amanah Investment Bank Berhad
11 MIMB Investment Bank Berhad
12 OSK Investment Bank Berhad
13 Public Investment Bank Berhad
14 RHB Investment Bank Berhad
15 Southern Investment Bank Berhad

Other Financial Institutions
1 ERF Sdn. Bhd.
2 Pengurusan Danaharta Nasional Berhad

Look for bank to bank, which are offer suitable Bank Mortgage Loan to you at the time. List of bank in Malaysia its commitment to contribute to the success of development of Malaysia. Bank will enhance its potential to contribute to the advancement of buying property investment business going forward.

It is an expert opinion that most people’s Asset Allocation Model and Investment Portfolio should look something like this (give or take 5%): Assuming you have RM100,000 set aside for investment purposes, at least RM60,000 should be invested in properties. Less than RM30,000 go directly into the stock market and the balance (less than RM5,000) into high risks, highly leveraged, volatile investments such as Options, Futures or Foreign Exchange (Forex).

Many people make the mistake of concentrating too much of their time and money into the upper levels of the pyramid, as their investment portfolio returns are highly volatile and unpredictable.

First, it’s extremely important to build up a solid investment base using real estate before venturing into other investments to give your investment portfolio regular and predictable rental income and to enjoy capital appreciation.

If you have an hour per day to look after your various investments, you ought to be spending 60% of that time for properties, 30% for equities and less than 5% for high risk investments. If you have invested, at least two hours per day over the next three years mastering the subject - a hidden fact many are unaware of.

In Malaysia, two main direct investment vehicles are real estate and stocks. Property investment are stable and long term in nature, whereas the stock market is volatile and short term. Hence one needs to practice tactical asset allocation between these two.

One of the mistake in property investment is buying investment products giving single digit returns with high upfront charges.You should only take the risks and invest when you see the opportunity to make more than double of what you can save with minimal risks.

For real estate, it’s advisable to have a investment portfolio of various property types. Whichever way the property cycle goes, you will be able to enjoy benefits either from rentals or appreciation.Your foundation must be solid.

For beginners, start investing for rental returns beginning with medium cost apartments.
The risks are minimal as long as your chosen location is strategic. Using creative financing techniques, you might have even bought properties with little or zero down payment and achieved a positive cash flow.It’s extremely easy to earn long term compounded returns from both rental yields and capital appreciation of 10-12% p.a.

Once you have built a firm base, move up and invest in landed houses for capital appreciation.The risks here are higher as landed properties will give you negative cash flow if you put in the minimum down payment.Your ultimate goal in property investments is to eventually move to the commercial sector once your budget grows to RM1 million. Your investment portfolio might change when your capital is grow up along your investment industry.

The Base Financing Rate (BFR) of Maybank Islamic Bhd will similarly be revised downwards from 6.5 per cent to 5.95 per cent effective 3 February 2009.

The reduction in Base Lending Late (BLR) is part of ongoing commitment towards the creation of a more supportive monetary environment. Housing loan borrowers will enjoy immediate benefits as the interest rates of all their loans pegged to the Bank’s BLR will be adjusted accordingly. Given the challenging in business environment, the lower cost of funding will be a boon to borrowers and help in sustaining positive economic growth in the country.

Maybank remain mindful of the needs of they customers and the community at large, especially in facilitating business growth, and will continue to support them with access to financial services. Together with the earlier reduction in BLR in December from 6.75% to 6.5%, BFR by 25 basis points, and 75 point of OPR in Jan’09, the bank actually had to bear additional costs as deposit rates in general were not lowered by the same quantum as the lending rates.

Maybank and Maybank Islamic will nevertheless continue to play our part to assist customers manage their financial obligations in these times, including providing them with value-added advisory services.

The last revision in BLR and BFR of Maybank and Maybank Islamic respectively was on December 1 2008 when the rates were reduced by 25 basis points to 6.5 per cent.Meanwhile, CIMB Bank Bhd and CIMB Islamic Bank Bhd would reduce their BLR and BFR to 5.95 per cent respectively from 6.5 per cent, from February 3, 2009.

Previously, CIMB Bank and CIMB Islamic Bank were among the first few banks to lower BLR and BFR by 25 basis points following BNM’s reduction in OPR by 25 basis points on November 24, 2008.Both CIMB Bank and CIMB Islamic, the units of Malaysia’s second largest banking group, offer their retail banking services to over 4.7 million customers on a dual banking platform in 367 branches nationwide.

One of the benefits on property investment, decreasing of BLR by Maybank and CIMB Bank help reducing total interest of housing loan and mortgage loan.

Base Lending Rate (BLR)
BLR is a minimum interest rate calculated by banking institutions based on a formula which takes into account the institutions’ cost of funds and other administrative costs. This is defined by central bank of the countries.

Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2009.
Year    BLR at beginning year     Readjust
2009    6.50%
2008    6.75%                              6.50%
2007    6.75%
2006    6.00%
2005    6.00%
2004    6.00%
2003    6.50%
2002    6.50%
2001    6.75%
2000    6.75%
1999    8.00%
1998    10.50%                             12.27%
1997    9.25%
1996    8.50%
1995    6.60%
1994    8.25%
1993    9.50%
1992    9.00%
1991    7.50%
1990    7.00%
1989    7.00%

From the record, it shows that the highest BLR Malaysia ever has is 12.27% in year 1998 and the lowest BLR is 6%. The average is 8.1%. Probably you can use this to justify whether it is better to take the fixed rate loan or floating mortgage loan (BLR +/- x% ).

The BLR from Bank Negara Malaysia is reference for banks, but there might differ from bank to others bank. At the global market down turn, BLR will get lower and it will dive into a new lowest BLR rate that Malaysia ever has. It’s time to consider take up mortgage loan and start your property investment.

Different sorts of real estate investments often produce similar returns that is capital growth. But while most potential property investors have undertaken their own home financing and can transfer this experience to similar housing. It is unwise to trust that other property investments have similar features. If you are venturing outside housing for the first time for property investment objectives, make sure that you should know the factors of the new market and obtain expert advice if needed.

Similarly be attentive about the property investment seminars - especially those for purchases off a plan. Conventionally speaking, advisors who offer full property investment advice on the full range of your investment requirements. When the price of purchasing an investment property is more than the revenues it earns, you can negatively gear and receive tax benefits. Take property investment advices from your financial advisor to watch how this can work for you. It’s popular with investors as you can predict the non-capital cost of buying a property from your overall income. The largest amount is primarily the profits; however, you can also claim other costs such as repairs and management fees.

The advantageous are only kick in when the property is earning income.

Capital revenues
One of the main motives to own a property is for capital venture. Yes, you’ll pay capital gains on the increased value of the property when you sell, but the tax benefits along the way can be quite significant. Ideal property investment advice is your principle place of residence becomes tax-free. It does not signify property investment advice but is based on current tax laws and their interpretation.

If you already purchased your home you can use the equity in that property to support finance your investments. Banks may then be proficient to lend you complete loan amount as your home can be used as security.

These issues, along with lack of a stable market condition can have an unfavorable effect on the stock market of the country in question, which will anyway ward off potential foreign investors. In such an unpredictable environment, one of the most tangible of assets is property, especially for more conservative investors who are looking for steady but unexceptional returns. Property investment advice might help you to moving forward in porperty investment industry.

Malaysia’s central bank cut its benchmark interest rate for a second straight meeting as easing inflation allowed it to focus on sustaining economic growth amid the deepening global recession.

Bank Negara Malaysia lowered its overnight policy rate by three-quarters of a percentage point to 2.5 per cent. The size of the reduction was larger than all predictions in a Bloomberg News survey of 19 economists, where seven expected a quarter-point cut and the rest forecast the rate to be lowered by 50 basis points.

Malaysia’s 2009 growth will probably miss the government’s 3.5 per cent forecast, adding pressure on policy makers to boost spending and cut borrowing costs, the Malaysian Institute of Economic Research predicts. Malaysia Finance Minister is planning a second stimulus package to add to a RM7 billion (US$2 billion) plan unveiled in November.

The pace of deterioration in the global economy is creating the urgency to act more aggressively. The rate cut is aimed at ensuring impact monetary easing together with the economic stimulus measures announced in November, with the likelihood of additional steps coming some time in this quarter.

Demand for the Southeast Asian nation’s electronics and commodities have slumped, prompting Citigroup Inc to predict a recession this quarter. Falling orders at the Malaysian factories of companies such as Dell Inc and Intel Corp caused exports to decline the most in almost seven years in November.

Decreasing OPR, slowing Inflation
OPR decrease will impact on slowing inflation. Inflation fell to a seven-month low of 4.4 per cent in December after the government cut gasoline prices seven times since late August.

Easing prices allowed Bank Negara Malaysia, which avoided raising interest rates earlier last year when others were doing so to tame inflation, to join nations around the world in lowering borrowing costs in November. A quarter-point cut on November 24 was the first since 2003 and accompanied a reduction in the amount lenders need to set aside as reserves.

“International economic and financial conditions have deteriorated much more significantly in the recent period,” Bank Negara Malaysia said. The sharper deterioration of the global economy is expected to have a greater impact on the Malaysian economy. Malaysia’s 2009 economic growth may slow to an eight-year low of 2.5 per cent should the government fail to effectively implement the November stimulus package.

Central banks from India to Taiwan have also lowered borrowing costs in recent months to spur growth as the US, Japan and the euro region slipped into recession.

Bank Negara Malaysia decrease of OPR will indirectly bring down the Base Lending Rate. So, mortgage loans borrowers with floating rate type will reduce the interest fee. It’s one of the benefits on property investment.

Whether your income is little or a lot, it’s always wise to budget and plan your finances smartly. You will acknowledge your expenses are increase according your income increasing. Common mistakes that most people would make when it comes to money is getting too deep in debt, paying bills late, and not knowing how to save and make investment for future. You can avoid making these mistakes by always keeping track of where your money goes and knowing what you can spend on. Manage your money properly then only you qualify for investment.

Step1: Set your financial goals
Your financial goals guide you how to manage your money. Your own financial goals reflect things you want to do with your money within a certain period of time. Setting these goals will help you understand the value of money and encourage prudent spending. Be sure to know how long you should plan for each goal.

Step2: Know where your money goes to
After setting your goals, start developing a spending plan so that it’s easier to achieve your financial goals. Manage you money is not to cut your budget but to note the direction of your spending.
With this you will know:

• Where and how you spend your money, it’s a necessity or requirement.
• How much you owe monthly.
• How much is left at the end of the month.
• How much goes for saving or invest.

Step3: Assess your spending habits
If you find that you have nothing left at the end of the month, it’s time to assess your spending habits. Look through your list of expenses and determine if they are a necessity or luxury item.

Look out for the following warning signals of bad spending habits that may lead fail to manage your money:

• You owe more than you earn.
• You buy on impulse even when you know you cannot afford it.
• You use your savings to pay current bills.
• You take new loans to pay for old ones.

Step4: Write down your spending plan
A spending plan can help you manage your money. You can also target areas where spending is out of control and also set a clear path for invest.
You can start making your own spending plan by using this simple guide:

• Establish your monthly total income.
• Add up your total expenses (including fixed monthly bills, loan repayments, rentals and daily living expenses, etc)
• Step aside a fixed sum of money to meet emergencies (medical fee) or seasonal expenses (school fees, road tax, insurance renewals).

List down item from step 1 until step 4; guide yourself step by step how to manage your money. Take into consideration all the relevant factors why you not manage your money effectively and prosperous in managing your money.

Taking up a bank housing loan is the most practical way to finance certain events in our lives. Here is guide to help you understand bank housing loans better and hopefully aid you in making the savvy financial decision that will benefit you.

There are many ways for you to get information on bank housing loans. You can get them directly from the banking institutions or from other sources such as newspapers, magazines and the Internet. If there is any information that is not clear to you, ask the banking institution to explain it to you. Compare the different types of loans from different banking institutions to ensure that you will be able to choose the bank housing loan that suits your financial needs.

There are some key points you should look out for the following information:

Loan types
Common 2 types bank housing loan are fixed rate mortgage or floating rate mortgage. Check whether the rate is a fixed rate mortgage or floating rate mortgage. If it is a floating rate, the interest rate charged on your loan will move in tandem with changes in the base lending rate (BLR). As such, ask how your loan repayment will vary when the rates change, that is whether your loan repayment can be reduced when rates go down or increased when the rates go up. Also check whether you can opt to leave the loan repayment amount unchanged. However, if you choose this, the tenure of your loan can either be shortened or lengthened depending on the movement of the interest rate.

Rates
You should find out about rates offered and the period of the offer. Look at the overall deal that a banking institution is offering, rather than just the initial interest rate. In some instances, you may pay more

Fees and charges
Processing your bank housing loan application may incur related costs such as professional fees and government charges that you have to bear. Please note that these fees and charges are subject to change in the future. Therefore, you should always seek advice from your loan officer with regard to the fees and charges.

Above three basic points can guide you to find a bank housing loan that suit to your financial goals. A good analyze could be really useful to the pre-borrower to dedicate his or her on bank housing loan application.

1.Home Smart -The home loan that lets you rearrange your priorities anytime.
Choose to pay off your home loan in ½ the time or withdraw the excess cash for important things that just can’t wait.

2.Flexible features to let you rearrange life’s priorities anytime.
What you want today may not be what you want tomorrow. For example, you might decide that your main focus is paying off the home loan as quickly as possible. But if you have a baby on the way, you’ll naturally need funds to prepare for it. Home Smart bank mortgage loan allows you to withdraw any excess payments you’ve already made. Then once your finances have stabilized, you can go back to making extra payments again.

3.Pay more to own your home in ½ the time.
Consolidate all your deposits, including salary, savings and even your bonus into one Home Smart mortgage loan account. Every Ringgit you currently maintain in your Home Smart mortgage loan account, will work harder for you, reducing the amount of interest charged and shortening your loan tenure. Since interest is calculated on a daily basis, the moment you deposit money into your Home Smart account, the saving starts. Home smart bank mortgage loan compiling power of money.

4.Withdraw the excess payments.
Withdraw the excess payments for other important things in life that just can’t wait, without charges and notice. Your family should always come before anything else. Whether its music lessons for your child, a much-needed holiday with your wife, or a bigger car for the baby, rest assured knowing that your excess payments are yours to use as you please. Home smart bank mortgage loan allow you easily access your money via ATM, chequebook or online banking system.

5.Home Smart Bank Mortgage Loan Step-up Repayment Plan
Now you can own a home that matches your potential, not your salary. Home Smart bank mortgage loan step-up lets you pay less now and more when you prosper. Lower initial payments lets you move into a grander, better home sooner. Installments start up to 20% lower than usual for the first year and gradually rise to match your projected income as you become more successful.
For example, your current salary may not qualify you to take up a $300,000 loan, with a monthly installment of $1,988. But with Step-Up your installments starts at only $1,591 (20% reduction) and works it’s way up in subsequent years.

HSBC Home smart bank mortgage loan helping you save the total of interest in long-term mortgage loan payment. Check on term & condition through HSBC Bank. Below is an illustration of how HSBC Home smart flexibility lets you shorten your loan tenure and save money anytime without charge and notice.

]]> http://www.propertyinvestment2u.com/bank-mortgage-loan-2/feed/ http://www.propertyinvestment2u.com/bank-mortgage-loan/ http://www.propertyinvestment2u.com/bank-mortgage-loan/#comments Sun, 18 Jan 2009 18:14:00 +0000 admin http://www.propertyinvestment2u.com/?p=67 What is bank mortgage loan? There are 2 basic types for bank mortgage loan, FRM and ARM. Bank mortgage loans is a legal arrangement by which you borrow money from a bank in order to buy a property, reit, land, and pay back the money over a period of years. Some of term and condition apply depending of the borrower.
In other word, bank mortgage loans is a loan secured by real property through the use of a note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. A home buyer can obtain bank mortgage loan either to purchase or secure against the property from a financial institution.
Two basic types of amortized bank mortgage loans are the fixed rate mortgage (FRM) and adjustable rate mortgage (ARM). ARM or knowing as floating rate mortgages are the norm and will simply be referred to as mortgages in many countries. Combination of fixed and floating rate mean that bank mortgage loan will have a fixed rate for some period, and vary after the end of that period. Floating rate is referring to Base Lending Rate (BLR) from central bank of the country.
Many types of bank mortgage loan, but several factors broadly define the characteristics of the bank mortgage loans. All of these may be subject to local regulation and legal requirements.

• Interest: interest may be fixed for the life of the loan or variable, and change at certain pre-defined periods; the interest rate can also be higher or lower.
• Term: bank mortgage loans generally have a maximum term, the number of years after which an amortizing loan will be repaid. Some bank mortgage loans may have no amortization, or require full repayment of any remaining balance at a certain date, or even negative amortization.
• Payment amount and frequency: the amount paid per period and the frequency of payments. In some cases, the amount paid per period may change or the borrower may have the option to increase or decrease the amount paid.
• Prepayment: some types of bank mortgage loans may limit or restrict prepayment of all or a portion of the loan, or require payment of a penalty to the lender for prepayment.

The interest rate of fixed rate bank mortgage loans are periodic payment, remains fixed for the term of the loan. The term is usually up to 20~30 years depending on the lander. Although longer terms may be offered in certain circumstances. Payments for principal and interest should not change over the term of the loan.

The interest rate of adjustable rate bank mortgage loans is generally fixed for a period of time, after which it will periodically adjust up or down to referring to BLR. BLR is calculated by Central Bank by market index. Adjustable rates transfer part of the interest rate risk from the lender to the borrower, and thus are widely used where fixed rate funding is difficult to obtain or prohibitively expensive. Adjustable rate bank mortgage loan normally are amortization calculation. Above was explaining what is mortgage loan.

For property investment neophytes, be afraid of the challenges and pitfalls property investment market. Lack of Property investment guide? Property investment it’s hot dozens. Doesn’t matter it’s a piece of property for your own personal use or property investment purposes, it’s gather up own money and is huge number.

Firstly, set you own goals and purpose of investing in property market. The goals for Property investment guide you for the direction of investing. Try to view a certain number of properties per week, make many offers per month, and check online for new listings every week. Watch out public notices for the announcement of foreclosure sales. These goals will lead to action that will inevitably lead to positive results.
Maximize your own networking in property market. The most important and most valuable resource for a property investor is people. You should have business cards. Take out ads in newspapers; get to know property & real estate agents and pass on your business card. The reason people are so valuable to property investors is because they will tip the property investor off with good properties to buy, help the property investor find prospective buyers and find prospective sellers. The most important connection will be with the property agents. Property investment guide would be ideal to build a relationship where the agent calls you as soon as a property that meets your specifications is listed and offers you a deal.

Make sure you have the proper clauses written in your contracts for financing, inspection and other areas, so you can recover your deposit if a deal falls through. Any investment is direct relationship to risk, always try to minimize risk. Use an actual business name to buy a property to further reduce risk. It is important to have a property investment guide on how to kill a deal before you enter a deal if it doesn’t go your way. Buy a property base on property value, not on hunches.

There might many seminars begin rolling across the country and a lot of people spend thousands of dollars for investing education. Look for the property investment seminar and training at you area, completed some of the training programs. Then only have chance to become successful in the property investment industry base on the property investment guide you gain.

Lastly, read books and magazines in order to stay informed and become valuable property investor. The more you know about property investment market, the easier a tough business decision might overcome and the more profit that is possible with newfound knowledge and skill. Your determination and perseverance will motivate you moving forward in property investment market. Lear more and more property investment guide and work as an apprentice for an experienced property investor.

Many people think of make money through investing. Many turn into real estate investment. How to Buying Investment Property in Smart Way? Buying Investment Property base on personal financial goals. What kind of property investment you need in real estate industry? Just to make money quickly or build long-term wealth?

For short-term investment, perhaps the best strategy for you would be looking for buying investment property that you can transform and sell easily and quickly. This is call flipping. It can be more effective if you look for houses that more run down than they really are. And only need few cosmetic changes to be made in order to greatly enhance their resale value. If you are first time property investor, you can refer to previous article “Property investment for beginners”

For build long-term wealth or increase your monthly income, perhaps you should consider buying investment rental property instead. Buying a property at a very good price, then make the changes needed to bring them up to market value. You will also need to do your property investment market research well in advance to determine that the rental value of this property will meet your expectations when all improvements are made though. Monthly rental income should more than cover the monthly mortgage loan payment.
Here is some of those things that you need to consider in buying property investment:

1. Buying a property at the right price. You generally are going to need to have a good overall idea of property values in a particular area. So you need to know the area that you are investing in very well. Always let the numbers drive your financial decisions in buying property investment, never buy a property because you fall in love with it for any reason.

2. Buying property investment become much easier when you keep your credit in excellent shape. Property investment can be bought with poor credit or no money down. However, you’ll pay a lot more for financing each property as a result. So get your credit score in great shape and make the money most value in property market.

3. No matter are short term or long term buying property investment, need to get familiar with ways to improve your property and raise its value as inexpensively as possible. You need to find out where the areas are both inside and outside the home where your property investment dollar will go farthest and make the best return on investment.

New property investor is advisable to start smaller and work your way up to gain more experience and confidence. All above are few things that will greatly affect how well your buying property investment is. Learn and practice regularly will lead you become a successful and profitable real estate investor.

1) Buyers should know about the market value of the property. Solely from seller or property agents are not enough. Buyers need to check with property valuer from property Investment Company or banking staff. First time home buyer might no ideal about property investment companies, you are recommended refer to banking staff. There are able to provide rough price without property viewing, just assuming there is no renovation. Valuer can be visiting the property and produce a report, but there is a charge.

2) As a first time home buyer, you need to acknowledge all the charges and fee. Such as lawyer fee, property agents consultant fee, stamp duty and etc. All these fees need to take in calculate; it’s a cost need to pay by buyer in home buying progress. If everything is bearable then only proceed to buy.

3) Home buyers might need to have copies of all documents, which were signed in the course of their transaction with the seller. Property agents are able to provide you the related document. You need to keep all these documents at least for some years after your home is disposed of entirely by selling, but for those who will never sell needs to keep without any settled limitation, which means indefinitely. Do not require for original documents, only maintain complete executed documents bearing signatures of all parties involved in this process.

4) Agents of Property Company place in the hands of homebuyers a lot of documents to be signed before buying homes. Most probably will make confuse for first time home buyer. Some of these documents are neither agreements nor contracts, but are advisories and disclosures. Some others are contracts in fact to which you may be legally bound.

First time home buyer are recommended try to understand the documents if they are contracts or disclosures. Putting a signature on a disclosure means you have regarded it with approval with receiving a copy of the disclosure. Never forge to read your disclosures and ask questions if you do not figure out the content. Keep remember; we have the right to understand clearly before make any signature.

Contracts are bilateral agreements and typically it is considered to be legal documents. When you put a signature on a home buying offer, the basic proposition is you will give the seller X amount of dollars and in return they will offer you the deed. It’s a promise for a home buying process. First time home buyers should acknowledge all above important home buying tips and guidelines of home buying.

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You may think about to get started in property investment. Ask a beginner for property investment, you might not figure out what is the first step. There was much kind of investments; many people are interest in property investment. Most of people don’t have any idea on how to get started. So they put it off time and again until it becomes an afterthought. You’ll miss out on the opportunity to gain the return of property investment. Please bare in mind, there is no guarantee for investment.

For property investment neophytes, don’t be afraid of the challenges and pitfalls you may encounter along the way. Don’t feel do not the slightest chance in property investment. What’s been keeping you from property investment? Do you think it’s too complex? Difficult to learn? Whatever it is, forget about it. Some of the most successful property investors were in your shoes when they first started. You have to get rid of your self-created obstacles before you get investing.

You are stopped your footstep in property investment because lack of education, then that’s a fairly easy problem to fix. There are many books and websites you can use to learn everything you need to know to get started. After that, you can learn through trial an error. Figure out what it is you don’t understand, and then take the steps to learn it. If those property investment beginner, don’t know anything at all, get trained on the basics; treat this as start from zero. Take it step by step rather than try to learn everything at once.

Investing in property is huge amount needed? Is money keeping you from getting started in property investment? This is a valid concern. We’ve all heard the saying, “Let the money work for us”. This is just as true of property investing as of anything else. The good news is that it doesn’t have to be your money you use to get started. In fact, you’re better off if you figure out some ways to use other people’s money. Otherwise get started with the your affordable amount. There is not minimum and limitation.

Work as an apprentice for an experienced property investor. Unless you already have a personal relationship with a property investor, don’t just as to be his apprentice. Instead, create a relationship with someone. Find out if there’s a property investor’s association in your area and go to the meetings. Learning from someone with experience, can give you the confidence to start investing on your own.

Property investment is needed full observation, analyze in detail and take consideration on all the aspect. Prediction on the future of economics, market, interest rate, and take calculation in ROI (Return Of Investment).

Asks a beginner for property investment, there are obstacles to getting started in property investment. Just as there is with anything else you do. For every property investors, figuring out how to get over these obstacles is key to your success.