Malaysia Real Estate and what drives it

Check out this interesting article on the property prices that I found in the Star recently. Gives a good insight of where Malaysian property prices stands in the global and regional market. Happy reading…

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(Excerpt) ……THE Cost of Living (COL) survey by ECA International is carried out twice a year, comparing a basket of 128 consumer goods and services commonly purchased by expatriates in over 300 locations worldwide. Multinational companies use the results to help compensate their internationally mobile staff. Living costs for expatriates are affected by inflation, availability of goods and exchange rates, all of which can have a significant impact on expatriate remuneration packages. They concluded the following on Asian cities:   “In Asia, Seoul maintains its position as the most expensive city in Asia for expatriates, moving from 8th to 7th in the global ranking over the past 12 months. During the same period, Tokyo, Asia’s second most costly city, dropped out of the top ten for the first time moving from 10th to 13th…..

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Know more about Islamic Banking terms, concepts and sources of law.

 

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Find out more about the various topics available at my I Want To Know… page.

Or, check out the new topics to answer your questions:

• Difference betwen Monthly Rest and Daily Rest
• Successful Loan Application
• Applicable Fees for a Property Transaction
• Common Homebuyer’s Mistakes
• Malaysia My Second Home
• Labuan Offshore Financial Centre

 

Questions You Must Ask Yourself…

Many times, homebuyers fail to properly plan when deciding to purchase a property and finding a financing package to SUIT the property purchase strategy. Only later, do homebuyers find that although they have found the best financing package, there is still a mismatch as it is not the RIGHT financing package. If the financing package benefits the homebuyer in the short-term, the homebuyer’s strategy must also be to HOLD the property for a short term. <click here>

Also, be careful of the hidden clauses in your letter of offer, and understand the impact of such clauses. To read more <click here>

 

Types of Home Financing products

There are many types of different home financing packages out there. Before you decide on the best package that suits YOUR needs, you must understand the basic differences as well as its advantages / disadvantages of the various products available in the market. <click here>

 

Finding (and Getting) your DREAM home!

Buying a Home is always a headache, especially for a first timer. I remember my first time (who ever forgets their first time?!), after weeks of shopping for a house. Here in Malaysia, information on finding, buying, financing, and having a house is difficult to find. Of course, there are information here and there, but you need a checklist to find all you need to know.

Just where do you find information on:

1. Finding the right location and housing developer
2. Finding the right house
3. Initiating the purchase of the house (who do you talk to?)
4. Finding information on home financing packages from Banks
5. Finding a law firm to help you draw up to Purchase Agreement
6. Finding a property valuer that can give you value for your money
7. Getting your loan application approved (ever heard of Credit History?)
8. What to do after your application is approved (what next?)
9. Getting your cash (as well as the Bank’s money) to the developers
10. Getting the keys to your home.

Coming from the banking world, there are many questions I hear from prospective customers. I will try to list down as many solutions to the various queries I have received over the past few years.

Hope this blog helps you in your quest of finding the right home for you / your family!

God Bless!

Amir Alfatakh Yusof

To go to the various topics available <click here>