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Category: Selangor

friends walking in a hostel s hallway
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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high angle shot of suburban neighborhood
KL and Selangor Property

Mah Sing has just paid RM392 million for lands in Semenyih!

Typically, the land price is usually 10-15 percent of the gross development value (GDV). Therefore, if a developer purchases a RM100 million land, then they are aiming for a GDV of probably RM1 billion. Of course, if this piece of land is within the city centre, then land cost versus GDV could be much higher because land price within the city centre is usually higher than land in the suburbs for example.

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