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Day: August 8, 2024

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KL and Selangor Property

Homeowners are supposed to rent only to locals?

Sorry. I do not understand the article below. Basically, it is implied that when it comes to renting out their property, homeowners are supposed to ensure they only rent to locals? If they rent out to foreigners, then it’s not good because then they will turn the neighbourhood into a foreign colony. However, at the moment, this is more of an advice since there are no legal requirement that Malaysian homeowners can only rent out to locals and not foreigners. Do read on and let me know your thoughts, if you also own properties in the areas stated below.

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domes and towers of mevlana museum in konya turkey
Overseas

Inflation dropped to 61.78 pct and interest rate is 50 pct

I am one super happy man if the fixed deposit could give me 10 percent per annum. It is well below this wish for double digits though. I have to be grateful. There is one country where the interest rate is 50 percent. Of course, it’s inflation is higher and the reason why interest rate is so high is to keep the inflation at bay. It seems to be working. This country is Türkiye. The reason for a high inflation is because of price increase in education, housing and hotel prices.

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Kuala Lumpur / Selangor Props

106.4ha of land near Jalan Duta must be returned to a private company

It is important that when we acquire any real estate that everything is in order. If it’s not, then the owner may take bring a case to the courts and this can happen even years later. This was what happened with a prominent piece of land involving the government and a private company and the judgement was delivered by the High Court and the reason was because the acquisition of the said piece of land was not lawfully executed. 106.54ha is equivalent to around 263 acres. Yes, this is one super huge piece of land.

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ABCs of Property Investment

HLIB Research: Property upcycle has started

I am someone who does not believe too much about buying properties based on the cycle. I don’t know when is the lowest point and I certainly would not know when is the highest point. I am very sure when I bought a property way back in 2007, I did not know that the upcycle would be coming in 2008 and it will continue until around 2013.

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