Archive for August 2023
Vacancy tax may be the solution to unsold properties
Property overhang has been a persistent problem in Malaysia, particularly in prime and developed locations, owing to oversupply in comparison to demand. Despite several government initiatives to encourage home ownership, the problem of overhang persists and worsens. In fact, it is concerning in some states, like Johor, Selangor, Penang, and Kuala Lumpur. Johor remains the…
Read MoreUnderstanding the difference between strata title, master title,and individual title
Some of us may be unfamiliar with the many forms of land titles that come with the property we are purchasing. A land title, which can be a master title, strata title, or individual title, is a document that represents one’s ownership of property in Malaysia, and without it, you will not be able to…
Read MoreSix Factors Influencing Property Valuation in Malaysia
One of the most common challenges that consumers have when intending to sell their house is establishing the selling price. As a result, customers are less likely to follow through on their selling decisions because they are concerned about underselling their property. Performing a property valuation check in Malaysia is not an easy task, especially…
Read MoreNapic expects recent OPR hike to impact residential property demand
Malaysian property transactions declined in the first quarter of this year, owing to a hike in the overnight policy rate (OPR) to 3% effective May 20, 2022, which has impacted the local property market, particularly residential demand. Based on the National Property Information Centre’s (Napic) data, more than 89,000 transactions worth RM42.31 billion were recorded…
Read MoreHousing loan: How to apply as a first-time homebuyer in Malaysia
Many people like to have their own place to live. However, acquiring your first home is not only the most exciting investment you will ever make in your life; the process also takes a significant financial commitment, and one bad decision might be fatal to your finances. On the other hand, unless you are a…
Read MoreCommon Property Buying Myths That You Need To Stop Believing
Purchasing a home is one of the most significant purchases you will ever make, but do not believe some of these misconceptions about home buying. Buying a home is an expensive dream for many people, as property prices continue to rise and individuals struggle to keep up. This is partly because of the slower rate…
Read More10 Things To Think About When Buying A High Rise Property
Many purchasers are drawn to high-rises because of their modern architecture, breathtaking views of the metropolis, and even rooftop pools for luxury properties. However, purchasing a high-rise property differs from purchasing a landed property. Before making a buying decision, it is beneficial to be aware of what will and will not add value to your…
Read MoreVacancy tax may be the solution to unsold properties
Property overhang has been a persistent problem in Malaysia, particularly in prime and developed locations, owing to oversupply in comparison to demand. Despite several government initiatives to encourage home ownership, the problem of overhang persists and worsens. In fact, it is concerning in some states, like Johor, Selangor, Penang, and Kuala Lumpur. Johor remains the…
Read MoreUnderstanding the difference between strata title, master title,and individual title
Some of us may be unfamiliar with the many forms of land titles that come with the property we are purchasing. A land title, which can be a master title, strata title, or individual title, is a document that represents one’s ownership of property in Malaysia, and without it, you will not be able to…
Read More