KUALA LUMPUR: Construction industry experts warned of additional costs being passed on to property buyers following the increase in foreign workers’ levy.
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| Consultants see properties as long-term investments |
PREDICTIONS are never easy. But unlike stocks, property investments have always been viewed as a longer term investment.
Debate on interest bearing schemes
Is this the best way to help first-time house buyers?
FOR years, developers rode the wave of brisk sales. Part of it was a vibrant market, and a growing economy.
Credit was easy and abundant and the introduction of the developer interest bearing scheme (DIBS) made it easier to sell houses.
Property owners must ensure that a tenancy agreement is in place to prevent themselves from being prosecuted if illegal activities are conducted on their premises.
Malaysian Institute of Estate Agents (MIEA) councillor Alex J. Gomez said the tenancy agreement is a legal contract between the tenant and the landlord which clearly states the responsibilities of each party.
Kota Damansara continues to rise
The experts say that Kota Damansara has the qualities and potential to shine even brighter, with plenty of room yet for growth. – Pic from theedgeproperty.com, August 21, 2015.
In the last few years, the value of residential property in Kota Damansara, Selangor, has more than doubled. For example, according to theedgeproperty.com data, the smallest unit in Casa Indah 1, which sold for RM187,900 at the launch in 2003, is now selling at RM700,000.
Selling or renting out a home can be a long, rocky process. It pays to improvise your home to increase its value and make it more attractive to potential buyers and tenants.
They must meet the affordability criteria to avoid debt burden
KUALA LUMPUR: First-time home buyers should ensure they meet the affordability criteria before buying a home to avoid taking on a debt burden they cannot handle.
Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said banks had provided individuals “many flexible ways” for them to meet the affordability requirements.
ALTHOUGH the Strata Management Act (SMA) received its royal assent on Feb 5, 2013 and was gazetted on Feb 8, 2013, it was inordinately delayed because of the governing Strata Management (Maintenance & Management) Regulations and a host of other crossed referred laws in the Housing Development (Control & Licensing) Act, 1966 (amended 2012), its HD Regulations (amended 2015) and the new statutory Sale & Purchase Agreements.
