When developers do not complete their projects, it is a very bad thing for the buyers. I have a few friends who suffered from such a fate and it has scarred them forever with regards to buying a property. After a few years and the developer could not complete the projects, the buyers do not … Read morePerhaps best to know the reasons. Fine(s) does not solve the issue, really.
You know, there is still that worry that affordable homes, by the sheer number of them will cause the collapse of the property market. My personal opinion is that it will not because the targeted group and the current owners of properties are different. However, would it cause the number of unsold units to move … Read moreGet ready. Building 1,000,000 affordable homes in 10 years is doable
Many people will be happy to read the below announcement yeah. Especially the few property people I met today during lunch. Many different Whatsapp groups were also happy about this announcement too. Many of my good friends in the real estate industry is also sharing too. Yes, in brief, Home Ownership Campaign (HOC) are now … Read moreHome Ownership Campaign extended. Good news for many. Share yeah.
There are supposed to be two things which we cannot escape from, someone prominent said. First one is death and second one is tax. Haha. By the way, this is something that many have been asking for some time. It was even speculated for Budget 2019 but alas, it was just rumour. Many were happy. … Read moreNO inheritance tax in 2020 Budget… should be.
This article was written 3 years ago when it was revealed that 1 million civil servants have yet to own a home of their own. 1 million civil servants without a home I would not find latest numbers but hopefully the numbers have gone down. Both my parents are civil servants and they told me … Read moreNo separate affordable housing for civil servants
Control selling price? I do not believe there is a need to control the selling price of properties, even for new launches UNLESS the property market got too hot. Example? 2008 – 2012 periods when new launches kept getting lots of buyers, never mind whether they need it or could afford it or not. The … Read moreThe ‘control’ on home prices? It’s not just the starting price, actually.
When home prices rise too quickly? When home prices are rising VERY fast, what could central banks do? Well, they could issue ‘responsible lending’ guidelines to all commercial banks. Then, the lending will be more conservative and only to people who could almost all the time, pay their loans. They could also raise the interest … Read moreWhen home prices drop, interest rates will drop too?
As a licensed auctioneer, before any auction could be conducted, we need the Valuation Report (VR). A similar unit in the same development does not mean it will have the same valuation as the unit auctioned the month before. In fact most potential buyers will ask for bank valuations before they buy a unit because … Read moreProperty valuation: Comparison vs cost and depreciation method?
If buyer is not able to buy a unit, it’s still a great option to consider Rent-to-Own (RTO) units instead of just renting and paying for nothing. I am serious with this suggestion yeah. Perhaps the only issue would be the availability of these units because most of the time, the developer will be the … Read moreRent to Own scheme to be financed by foreign investors
I still remember asking my good friend who’s my also my lawyer (based in Penang) for one particular property purchase on some terms in the Sale and Purchase agreement many years ago. She explained them to me slowly and was very patient too. If you need her email contact, click here. If you need her … Read moreGood news for property buyers from Bank Negara Malaysia