There is a wide variety of residential properties available in the market. Each has its unique characteristics. In this article, we will look at five of the most sought-after residential property types as follows:
Low to Medium Range Condominium
Condominiums are usually high-rise residences where each resident may own a single unit in the entire building. This type of property began populating the Malaysian urban landscape in the early 1990s. Its main selling points are the common recreational facilities and security services.
Low range condo units only have basic facilities which include 24-hour security service and parking space. Some may feature a children’s playground or badminton court. The medium range condominiums have more facilities which could include swimming pool, tennis court, gymnasium, landscaped garden and more. These condo types are usually built as high-density developments with prices ranging from RM100 to over RM1,000 psf.
Luxury Condominium
This property type is built based on the same concept as the low to medium range condos but it offers more prestige and comfort. Luxury condos are often created as low-density developments to provide more space and privacy with much larger units featuring modern interior design and décor.
In addition, the facilities offered could include state-of-the art security system, gymnasium, large swimming pools, Jacuzzi, spas, children’s playground, yoga deck, lounge and much more. Most of them would have a grand lobby with concierge services. Hence, these units come with a high price of RM2,000 psf and more.
Terraced House
A terraced housing development in Malaysia usually features rows of identically designed houses which share their side walls. The houses can be two- or three-storey high. Each unit has a small plot of land at the front and back of the house. The end units will have extra land at one of its sides.
Although this type of property does not come with the security and facilities of a condo, some people like it as it is a landed property with more space and privacy. They also do not have to pay monthly maintenance fee. Prices of this property type vary depending on location and built-up area.
Town Houses
Town houses are similar to terraced houses as they are also built in a row with identical design. The major difference is that each building block consists of two residential units. The lower unit usually takes up the ground and part of the first floor, while the top unit occupies the remainder of the first floor and second floor.
Each unit has a separate entrance with a small plot of land on the ground floor. This type of housing projects is normally lower density than terraced housing areas. Hence, the houses are positioned to be more exclusive and more expensive.
Semi-detached
Semi-detached houses consist of two houses built side by side sharing a wall. These houses feature small plots of land at one of its side, back and front. They are larger than terraced houses and town houses.
With more built-up area and land area, these semi-detached houses are more expensive. This type of housing project typically features a gated and guarded community for added exclusivity and security.
For a comprehensive listing of residential properties for sale, visit PropertyGuru.com.
(Source From propertyuguru.com.my)
Link From:
http://www.propertyguru.com.my/resources/buy-property-guide/top-5-property-types-to-consider
For more information and viewing appointment please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
***Welcome to list your properties, we have ready tenants and buyers for you.***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
Kepong Central Condo For Sale
Type: Condo
Tenure: Leasehold
Built Up: 962sf
Remarks:
-3 Rooms 2 Bathrooms
-Balcony, Kitchen Cabinet, Fully Tiles
-High Floor, Well Keep Unit
Price: Rm 330k Negotiable
http://www.propertyguru.com.my/property-listing/kepong-central-condominium-for-sale-11927132
For more information and viewing appointment
please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
Property For Sale or Rent, Can Call to List. Buyers / Investors Who Wish to Buy / Invest Properties Are Welcome to Contact Me For Further Information.
*** FREE VALUATION, FREE CONSULTANT & FREE MARKETING ***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
Purchasing a property may not be as complicated as some make it out to be if you have a checklist of important things that need to be given attention. Here are five things you must know about buying a property:
Research the property
Your unique needs and lifestyle must be carefully considered to find the best residential property for you. It should also fit in with your budget.
For those who are looking for a property to invest, you must
have a clear investment goal in mind.
Based on those determining factors, you can create the picture of the ideal property. The description would include size, type, location and price. This information is essential for you or your agent to narrow down the search for the right property.
Finding the right agent/developer
If you choose to work with a property agent to find the right property for you, make sure you conduct a background check on the agent or the company providing this service. Hiring an experienced agent or using the services of a company with a reliable reputation will save you from disappointments or complications in future dealings.
The same criterion applies when you want to buy a property from a developer. Make sure the developer has a good track record. You don’t want to end up having a project delayed or worst still abandoned when the developer goes bankrupt.
Financing with Employee Provident Fund
In Malaysia, citizens or permanent residents under 55 years old can use their Employee Provident Fund (EPF) to finance the purchase of a residential property. The money can be withdrawn from Account 2. It is applicable for purchase of any residential property or shop lot with a residential unit. This money can be also used to settle the difference between the price of purchase and loan amount. For more details on this funding option, visit KWSP’s website.
Getting a loan
In addition to the EPF, you would also need to secure a mortgage loan to finance your property. Most financial institutions offer up to 90% of financing and 35 years of loan tenor. There are many loan packages offering different interest rates, monthly instalments and other benefits. Compare several options to get the best deal for your needs.
Legal Procedures
There are many legal aspects involved in buying a property. Hence, you would need to find a reputable lawyer with expertise in this area to help you finalise your purchase. Once you and the seller have agreed on the property price, you will need to sign the Letter of Offer and pay a 2% deposit. Then, your lawyer will draft the sale and purchase agreement (SPA) and loan agreement.
The legal fees are calculated based on the value of the property. You would also need to factor in the stamp duty for the SPA into the cost of purchase. All payments can be paid by loan or cash and must be done within the date stipulated in the SPA.
(Source From propertyuguru.com.my)
Link From:
http://www.propertyguru.com.my/resources/buy-property-guide/top-5-things-to-remember-when-buying-a-property
For more information and viewing appointment please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
***Welcome to list your properties, we have ready tenants and buyers for you.***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
Malaysia will host the 66th FIABCI, the French acronym for the International Real Estate Federation, World Congress for the second time in a decade at One World Hotel in Kuala Lumpur on 26 May.
Themed “Urbanization: Perils or Prosperity”, the event will see over 1,000 delegates from 48 countries gather together to deliberate on how sustainable cities can cope with the stress of urban living.
The annual world congress will see Malaysia-born Maha Sinnathamby, chairman of Springfield Corporation, a successful developer in Australia, share insights on building sustainable cities Down Under.
Belinda Yuen, a senior research fellow from the Lee Kuan Yew Centre for Innovative Cities at Singapore’s University of Technology and Design, will discuss smart urban development, while Taiwan’s former Mayor of Taichung City, Jason Hu, will share how he helped transform Taichung into a model sustainable city.
In welcoming delegates, FIABCI World President Robyn Waters said there is much to learn from Malaysia which is experiencing rapid real estate growth.
“Malaysia offers FIABCI World Congress attendees a unique opportunity to learn first-hand about urbanization and dynamic real estate markets and how they handle this growth,” she said.
Meanwhile, FIABCI Malaysia president Tengku Abdul Aziz Tengku Mahmud said the event will not be a “talk shop” but a gathering of experts who are concerned about the future of real estate development.
“FIABCI is recognised as a NGO for expert views on real estate by the United Nations,” he said, noting that this year’s theme is most appropriate particularly for a developing country like Malaysia which is witnessing rapid urbanisation.
The United Nations’ World Urbanisation report showed that over 50 percent of the global population presently live in townships and is forecasted to reach 70 percent by 2050, said Tengku Abdul Aziz.
“Hence, urbanisation is an important and crucial issue to be discussed.”
Aside from public forums and conferences, the congress will also feature the FIABCI World Prix d’Excellence Awards whose gala night will be held on 30 May.
According to award ceremony organising committee chairman Yeow Thit Sang, among the world property award winners were Malaysian developers, showing that Malaysian property developments were acknowledged not only for being eco-friendly, but also for their high quality and design.
“These world property awards are held in high esteem in the international arena and is similar to Hollywood’s own version of its Oscar,” he said.
Notably, Malaysian developers excelled in building quality residential property developments and to date, have clinched 52 world awards since 1975.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source From propertyuguru.com.my)
Link From:
http://www.propertyguru.com.my/property-news/2015/5/95170/malaysia-to-host-66th-fiabci-world-congress
For more information and viewing appointment please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
***Welcome to list your properties, we have ready tenants and buyers for you.***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
Kobay Technology Bhd’s wholly-owned unit, Kobay Systems Sdn Bhd, has entered into a joint development agreement with two businessmen to build a condominium with a gross development value of RM80.4 million on a 0.68-hectare land in Mukim Batu.
In a filing to Bursa Malaysia recently, Kobay Technology said the land, situated in Segambut with no specific land use category, has a freehold tenureship.
With an estimated gross development cost of approximately 40.2 million, the expected profit before tax, after deducting proprietor and arranger’s 27 per cent entitlement of RM21.7 million, is approximately RM18.5 million over a period of four years.
Kobay Systems shall be fully responsible for the funding of the project with the initial outlay of RM5.5 million that will be funded by internally generated funds, it said.
Meanwhile, the subsequent development cost should be funded by the project itself as the management was highly optimistic that the project would be able to be self-financing.
Farah Wahida, Editor of PropertyGuru, edited this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source From propertyuguru.com.my)
Link From:
http://www.propertyguru.com.my/property-news/2015/5/94963/kobay-technology-to-launch-a-condominium-with-rm80-4-mil-gdv
For more information and viewing appointment please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
***Welcome to list your properties, we have ready tenants and buyers for you.***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
Although Malaysia inherited well-developed infrastructure and transport network from the colonial era, the same was unevenly distributed.
After gaining independence, the Malaysian government made considerable effort to improve its highways, railroads, seaports and airports.
Malaysia’s persistence in developing and upgrading its infrastructure resulted to it having the most-well-developed infrastructure among newly industrialising countries in Asia.
Infrastructure
The country is served by a network of 94,500 kilometres of primary and secondary roads, of which 70,970 kilometres are paved. This includes 580 kilometres of superior quality expressways, which connect Kuala Lumpur with Singapore and with major seaports and other destinations.
It also has a railway system of about 1,800 kilometres, with the major tracks running from Singapore to Kuala Lumpur, and further to Pinang and Bangkok (Thailand).
The development of Kuala Lumpur Sentral, a futuristic self-contained city, will see the rise of a modern transportation hub which integrates all major transport network, including the Express Rail Link to Putrajaya and the KLIA.
The network of well-maintained highways in Peninsular Malaysia is a boon to industries as they link major growth centres to airports and seaports.
Seaports
International trade, particularly seaborne trade, has traditionally been Malaysia’s lifeblood. Over 90 percent of the country’s trade today is by sea through its seven international ports, namely Port Klang, Penang Port, Port of Tanjung Pelepas, Johor Port, Kemaman Port in Peninsular Malaysia, Bintulu Port in Sarawak and Kuantan Port.
All these ports feature modern facilities, with Bintulu Port handling liquefied natural gas.
As the country’s trade and economy expanded, these ports also registered impressive growth. In fact, Port of Tanjung Pelepas (PTP) and Port Klang are ranked among the world’s top 20 container ports.
Airports
To serve the country’s growing business and tourism needs, Malaysia has also promoted development of aviation.
It has 32 airports with paved runways, while 83 have unpaved runways.
Malaysia’s central location within the Asia Pacific region makes the country an ideal gateway to Asia.
With this, Malaysia invested in six well-developed international airports — the Kuala Lumpur International Airport (KLIA), Langkawi International Airport and Senai International Airport in Peninsular Malaysia, Penang International Airport, Kuching International Airport in Sarawak and Kota Kinabalu International Airport in Sabah.
The KLIA, which is the country’s biggest airport, can handle up to 40 million passengers and over 1.2 million tonnes of cargo per year.
Power
Malaysia has adequate reserves of gas, oil and coal to meet its energy needs.
Electrical power in Peninsular Malaysia is predominantly supplied by state-controlled Tenaga Nasional company.
But given the rapid industrialisation and growing demand for electricity, the government exerted considerable effort to privatize the national utility company. Private initiatives were also developed to build new power generating plants. This saw the establishment of private consortium, the Independent Power Providers (IPPs).
Telecommunications
Over the last decade, the country’s telecommunication network witnessed impressive upgrading and expansion following the privatisation of its Telecommunication Department.
Notably, Malaysia uses the latest digital and fibre optics technology to deliver high quality telecommunication services at competitive rates.
Under Malaysia’s Equal Access Regime, a telephone subscriber can select from five network service providers for a full range of local and international services covering data and voice facilities.
The country also has six internet service providers as well as five telco’s and other network facilities services supporting a full range of international and domestic services.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
(Source From propertyuguru.com.my)
Link From:
http://www.propertyguru.com.my/property-news/2015/5/94549/malaysia-offers-well-developed-infrastructure
For more information and viewing appointment please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
***Welcome to list your properties, we have ready tenants and buyers for you.***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
Radius Selayang Height, Condo Unit For Rent
Type: Condominium
Built Up: 916sf
Remarks:
-3Rooms 2Bathrooms
-Kitchen Cabinet With Cooking Hood And Hob
-1 Carpark
Rental: Rm1100/Month
http://www.propertyguru.com.my/property-listing/radius-residence-selayang-heights-for-rent-11720993
Nearby: Bandar Baru Selayang, Majlis Perbandaran Selayang, Syabas Selayang, UITM, Hospital Selayang, Selayang Capital, Selayang Mall, Batu Caves, Pasar Borong Kuala Lumpur
Easy Access: Jalan Ipoh, Jalan Kuching, MRR2
For more information and viewing appointment
please contact
Eric Ng @ 012-6655230
email: nwkeric526@gmail.com
***Welcome to list your properties, we have ready tenants and buyers for you.***
Refer to our blog also:
http://propertylisting126.blogspot.com
http://themavenpenang.blogspot.com
http://officelisting.blogspot.com
http://landlisting.blogspot.com
