kimwong9393-blog

[kimwong9393-blog]

Property Joint Purchase - Understanding The Challenge

Property Joint Purchase – Understanding The Challenge

When family members, spouses, associates, friends or any individuals purchase a property together, this is called Joint Ownership of Property. There are many circumstances to a joint ownership, with it either being to get a higher loan or just for investment purposes. Regardless of the purpose, there is a need to understand the nature and obstacles of joint ownerships. First and foremost a joint…

[kimwong9393-blog]

Asia's 6 Biggest Construction Projects of 2017

Asia’s 6 Biggest Construction Projects of 2017

For the world’s most expensive infrastructure and transport developments, look no further. Some of the highest-value construction projects in the world for this year are all located in Asia, as per the Arcadis International Construction Costs 2017. Construction markets in the region are expected to see an expansion of 5 to 7 percent a year, despite easing growth rate over the past 18 months.…

[kimwong9393-blog]

FELDA to Provide 20,000 Affordable Homes

FELDA to Provide 20,000 Affordable Homes

More affordable homes are heading towards buyers’way. The Federal Land Development Authority (FELDA) will have the back to the roots or ‘balik asal’ philosophy as the thrust of its new affordable housing policy, revealed its chairman Tan Sri Shahrir Abdul Samad. Notably, the ‘balik asal” concept was described by Shahrir as returning to FELDA’s glory days. “This means going back to being good at…

[kimwong9393-blog]

Buyers Want to Cancel Purchases in Forest City

Buyers Want to Cancel Purchases in Forest City

China-based Country Garden, the developer of the US$100 billion (RM443.95 billion) Forest City project in Johor, revealed that fewer than 60 buyers want to pull out their home purchases in the mega development, reported Free Malaysia Today. Although they have already made significant down payments, the buyers had requested to cancel their purchases, after China restricted the exchange of yuan…

[kimwong9393-blog]

Malaysia Not Heading Into Property Bubble In Next Five Years

Malaysia Not Heading Into Property Bubble In Next Five Years

Malaysia is not expected to see a property bubble in the next five years, said iProperty General Manager Data Services, P. Premendran. He said Malaysia has prepped fallback measures from the 1997-1998 economic turmoil and from the US sub-prime mortgage crisis in 2008. “Malaysia would not be heading into a property bubble as the next five years look promising,” he told Bernama. Although Bank…

[kimwong9393-blog]

Millennials Can’t Afford to Buy Houses

Millennials Can’t Afford to Buy Houses

In Malaysia, only 35 percent of millennials were able to buy their own residential property. Of this, 29 percent were assisted by their parents, according to a survey by HSBC entitled “Beyond the Bricks”. [bctt tweet=”Millennials Can’t Afford to Buy Houses” username=”wma_property”] On the other hand, most can’t afford to purchase one. While 94 percent of millennials without any homes have plans…

[kimwong9393-blog]

Landed Property vs High-Rise Property: Which is better?

Landed Property vs High-Rise Property: Which is better?

Finding the right property can be a daunting and difficult task – but we are here to help you pick out the best one for your needs. Here is a comprehensive look at the pros and cons associated with landed and high-rise properties. Let’s start with all the reasons why it can be awesome to buy a high-rise home: Advantages of High-Rise Homes Amenities: Condos and upscale apartments usually feature a…

[kimwong9393-blog]

Gurney Drive Set to be an Exclusive Area for the Rich

Gurney Drive Set to be an Exclusive Area for the Rich

Penang’s Gerakan Publicity Bureau Chief Ooi Zhi Yi alleged that with the state authorities not fully disclosing its plans for the reclaimed land off Gurney Drive, there are fears that the area will become an exclusive community for the rich, reported The Star. [bctt tweet=”Gurney Drive Set to be an Exclusive Area for the Rich” username=”wma_property”] “According to a property website, a high-end…

[kimwong9393-blog]

More Abandoned Projects due to China’s Capital Control

More Abandoned Projects due to China’s Capital Control

China’s aggressive crackdown on capital flight could lead to a surge in abandoned projects in Penang, Johor and Kuala Lumpur, reported Free Malaysia Today citing veteran economist Hoo Ke Ping. [bctt tweet=”More Abandoned Projects due to China’s Capital Control” username=”wma_property”] “Chinese nationals who have purchased homes but haven’t finished paying for them may not be able to do so,” said…

[kimwong9393-blog]

Understanding 4 Bumi Attributes in Malaysian Property

Understanding 4 Bumi Attributes in Malaysian Property

Purchasing properties in Malaysia can be complex at times. If you are new to the game, you may run into terms like bumiputera (or bumi) lots, bumi discounts, bumi quotas and Malay reserved land. [bctt tweet=”Understanding 4 Bumi Attributes in Malaysian Property” username=”wma_property”] These are pretty much unique to the Malaysian property buying experience, but purchasers – both local and…

[kimwong9393-blog]

What Makes a Property Hotspot?

What Makes a Property Hotspot?

Property investors will always tell you to buy properties that are located in a hotspot, and many of them will tell you that the best properties are always located in the Klang valley’s “Golden Triangle” – referring to that bustling region that is anywhere between KL, Petaling Jaya and Bangsar. [bctt tweet=”What Makes a Property Hotspot?” username=”wma_property”] But properties in these areas are…

[kimwong9393-blog]

Property Glut on the Rise in Pahang

Property Glut on the Rise in Pahang

The vacant office buildings and the rows of unoccupied shoplots in Pahang underscore that many business owners there are unwilling to pay high rent amid lacklustre market conditions, reported the New Straits Times. [bctt tweet=”Property Glut on the Rise in Pahang” username=”wma_property”] According to the Real Estate and Housing Developers Association (REHDA), many landlords are unable to lease…

[kimwong9393-blog]

Be A Responsible Property Investor

Be A Responsible Property Investor

New developments and the rising concern of property oversupply in the market is caused by many reasons, one of them being irresponsible property investors. It is becoming more common for ‘gurus’ to come out and share how to make ‘instant’ money via a vehicle termed loan compression, but little do buyers know that they are headed for a financial crisis if they do not know what they are doing.…

[kimwong9393-blog]

Expensive Properties Lead To A Homeless Generation

Expensive Properties Lead To A Homeless Generation

Unless the government raises the supply of low-cost houses significantly, a large number of Malaysians would be unable to get a roof above their heads, reported Free Malaysia Today. [bctt tweet=”Expensive Properties Lead To A Homeless Generation” username=”wma_property”] “The threat of a homeless generation, where up to 80 percent of the population cannot afford to buy their own properties, is…

[kimwong9393-blog]

Finance Ministry: Secondary Market A Good Option For First-Time Homebuyers

Finance Ministry: Secondary Market A Good Option For First-Time Homebuyers

As an alternative, first-time home-buyers should look into the secondary market with properties there more affordable, says the Finance Ministry. [bctt tweet=”Finance Ministry: Secondary Market A Good Option For First-Time Homebuyers” username=”wma_property”] Director-General of Valuation and Property Services Dr Rahah Ismail said the primary market pricing is usually inflated, due to freebies…

[kimwong9393-blog]

Always Bet on Safe Real Estate Investment Rather Than Quick Investment

Always Bet on Safe Real Estate Investment Rather Than Quick Investment

Financial planning and investment is all about finding out where to invest your money so that you can get the best possible returns. Real estate investment has always been considered as safe because seldom the demand for real estate witnesses a dip. Property investment is the safest and there are strong reasons as to why it is given priority than other forms of investments like mutual funds,…

[kimwong9393-blog]

5 Essential Features That Make Real Estate Investing Profitable

5 Essential Features That Make Real Estate Investing Profitable

Every now and then persons trying to make up their minds where to put their money ask me if real estate ventures are more or less profitable, compared to other businesses opportunities around. [bctt tweet=”5 Essential Features That Make Real Estate Investing Profitable” username=”wma_property”] My response is always that apart from its potential for yielding significant profits, investing in real…