Prop.Book155

🏡💰 How to Save Money and Avoid Paying Interest on Your Mortgage Loan in Malaysia! 💰🏡

🔑 Homeownership is an exciting journey, but the prospect of paying interest on a mortgage loan in Malaysia can seem overwhelming. Fortunately, there are effective strategies that can help you save money and potentially reduce or eliminate those interest payments. Here are some tips tailored for Malaysia.

Remember, by implementing these strategies, you can save a significant amount of money on interest, putting you closer to financial freedom and achieving your long-term goals. 💪🌟

#

PROJECT REVIEW #7

Forest Hill - Damansara

Pros:
1) Low Dense - 618 units
2) Greenery Nature Living Lifestyle
3) 5 mins to One Utama, IKEA, The Curve etc
4) Lake views & Hill views
5) Easy access to major Highway LDP, DASH, Penchala etc
6) Landed & Bungalow Neighbourhood

Cons:
1) Only one entrance & exit into the residential area
2) Right beside LDP highway & toll
3) Low convenience (no retail shops/grocer due to pure residential title)

🏠 Exciting News for First-Time Homebuyers in Malaysia! 🎉

Introducing i-MILIKI, the Malaysian Home Ownership Initiative, also known as "HOC 2.0"! 🙌

💰 Stamp Duty Exemption: Save big on stamp duty fees, lightening the burden of buying your dream home. 📜💸

🔑 Empowering First-Time Buyers: i-MILIKI aims to make homeownership more accessible and affordable, helping you take that important step.

🌟 Government Support: The government's commitment to promoting homeownership and stimulating the real estate market in Malaysia.

Explore i-MILIKI and open doors to homeownership today! 🚪💚

🏠 Progressive Interest Explained 📈

Progressive interest is the interest charged on a loan disbursed in stages during construction. Slow progress means higher monthly payments, while fast progress means lower payments. Understand your loan terms for effective financial management.

PROJECT REVIEW #6

ARMANI RESIDENCE– RAJA UDA KLCC

Pros:
1) Freehold title at Tier 1 location (3KM from KLCC) - KL Address
2) 20m away from MRT Raja Uda
3) Low Density - total 450 units
4) Fully Furnished
5) Privacy Location
6) Unblock Big 4 view ( KLCC, TRX, PNB 118, KL Tower)

Cons:
1)Traffic Jam because of Jalan Ampang is the main road go to KL City.
2) Limited car park provided to selected units.
3) 3 lifts share with 16 units
4) Armani Residence's design very simple.

Feeling stressed out and dejected because the housing loan applications you sent out kept getting rejected? While the banks’ risk profiling and credit lending policies may vary slightly from each other, the real culprit could often be something hidden and easily overlooked.

After speaking to a few bankers and independent mortgage brokers, PROP.BOOK gathered some of the most likely reasons for loan application rejections.

PROJECT REVIEW #5

MOSSAZ SUITES – DAMANSARA PERDANA

Pros:
1) Low entry price to start investment (suitable for first time investment and low risk taker)
2) Located 5 mins away from One Utama, Ikea Damansara, 10 acres waterfall park
3) Shutter bus (T810) to MRT Mutiara Damansara
4) Located beside 24 hours Milan Megamall that recognise by Ministry of Tourism Malaysia.
5) Europe Milan unique design concept of the property and mall
6) Complete soon - 2023 Q4

Cons:
1) High density (Mossaz beside Huge Milan Mall with 1.7mil sf and not enough units capacity)
2) No parking provided
3) 5+1 lifts share with 30 units
4) Small unit (Hotel concept type of layout)
5) Empire city was abondon project by Mammoth developer pass 10 years ago. 2019 EXSIM took over the mall and rebuild again.
6) Milan Megamall complete after Mossoz by 2024

Joint home loan in Malaysia doesn’t need to be just between husband and wife. There’s a growing trend for parents and children, or even close friends, to apply for one together.

A shared loan agreement can have some real benefits for the parties involved, but they also come with some serious considerations about the financial and personal obligations.

So what are the drawbacks and the realities of taking out a home loan in Malaysia?

So you recently purchased a house in Malaysia and can’t seem to decide between MRTA and MLTA? We go over the pros and cons to help you decide which mortgage insurance offers better protection.

Many property buyers and investors struggle to decide whether to choose high or low floor apartments.

Low floor apartments are located on the lower half of a building while high floor apartments are on the upper half.

This post discusses the advantages and disadvantages of living in either type of apartment to assist buyers in making an informed decision.

High-floor units are generally more expensive, but low-floor units are more accessible. The article also explores essential factors to consider when selecting which floor to reside on.

PROJECT REVIEW #4

MAJESTIC RESIDENCE– KLCC

Pros:
1) Freehold title at Tier 1 location (1.8KM from KLCC) - KL Address
2) 200m away from Monorail Medan Tuanku station
3) Low Density - total 478 units
4) Fully Furnished
5) Super convenient, Surrounded by Mall within 3KM (Quil CIty Mall, Sunway Putra Mall, KLCC, Avenue K, Pavillion, Fahrenheit 88, etc)
4) Unblock Big 4 view ( KLCC, TRX, PNB 118, KL Tower)

Cons:
1)Traffic Jam due to Majestic located beside the main road of KL city.
2) Limited car park provided to selected units.
3) 4 lifts share with 20 units
4) 2 types of layout only.

Installment from RM 1,980

Bank Negara Malaysia has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domination demand.

Swipe left to UNDERSTAND why BNM raise OPR rate to control Inflation rate in Malaysia.⏭️⏭️

𝗞𝗟𝗖𝗖 𝗙𝗥𝗘𝗘𝗛𝗢𝗟𝗗 𝗥𝗘𝗦𝗜𝗗𝗘𝗡𝗖𝗘 𝗡𝗘𝗪 𝗟𝗔𝗨𝗡𝗖𝗛 𝗪𝗜𝗧𝗛 𝗣𝗨𝗕𝗟𝗜𝗖 𝗧𝗥𝗔𝗡𝗦𝗣𝗢𝗥𝗧‼️🔥
🚫𝐇𝐱𝐠𝐨𝐳 🚫𝐀𝐱𝐱𝐭𝐫𝐮𝐦 🚫𝐂𝐡𝐱𝐱𝐜𝐞𝐫𝐲

🌟From RM1,980/mth only
🌟250M to Public Transport
🌟170m to Mall with GSC Cinema

Don't miss out on this investment opportunity or you'll regret!!

🔹 5 mins to KLCC and Pavilion KL
🔹 Quality full furnishing
🔹 Low Density - 450 units ONLY!!
🔹 FREE 1 - 2 Carpark
🔹 Luxury Sky Facilities - Infinity Sky Pool, Sky Gym, etc
🔹 High demand rental

𝘿𝙢 𝙛𝙤𝙧 𝙢𝙤𝙧𝙚 𝙞𝙣𝙛𝙤! ❤️
Click [Sign Up] NOW for E-Brochure!!

When it comes to purchasing a house in Malaysia, most people require financial assistance in the form of a housing loan. There are several types of housing loans available in Malaysia, each with its own features and benefits.

Threrefore choosing a housing loan in Malaysia it is important to consider your financial situation and choose a loan that is suitable for your needs. It is advisable to seek advice from a financial advisor or mortgage broker before committing to a loan to ensure that you are making an informed decision.

Property investment in Malaysia can be a good opportunity for investors due to the country's stable economy, growing population, and increasing urbanization. However, it is important for investors to do their due diligence and consider factors such as location, property type, rental yield, and potential for capital appreciation. They should also be aware of the legal and regulatory framework, financing options, and taxes related to property investment in Malaysia. Overall, property investment in Malaysia can be a profitable long-term strategy if approached with careful consideration and planning.

PROJECT REVIEW #3

GAMUDA COVE

Pros:
1) Not just a house- but a lifestyle
2) superb, modern & practical layouts
3) nature at its best
4) part of a mega Township - 1500 acres master plan Gamuda Cove
5)Good for investment - located near the Largest water theme park in Malaysia
6) Privacy at its best
7)near KLIA

Cons:
1)away from Kl city centre
2)Not many good government schools available
3)not mature yet- need to wait longer years

Installment from RM 3, # # #
🌿

When hunting for a property to buy, the main question to ask yourself is always: “How much can I afford?”

While the two price tags people would typically look at are the down-payment amount and the monthly instalments, there are other costs that you need to consider as well🤔

Knowing your electricity usage is an important step in becoming more energy efficient and reducing your overall energy costs. Understanding how much electricity you use and where it's being used can help you make informed decisions about how to save energy and money.

To start, it's important to know how much electricity your household is consuming on a daily, weekly, and monthly basis. You can do this by checking your electric meter regularly or by using an energy monitor that can give you real-time feedback on your electricity consumption.

Next, it's important to identify the main sources of energy use in your household. This might include appliances such as refrigerators, ovens, washing machines, and dryers, as well as electronics such as computers, televisions, and gaming consoles. Once you've identified your biggest energy users, you can take steps to reduce your usage by unplugging electronics when they're not in use, using energy-efficient light bulbs, and choosing appliances that have earned the Energy Star rating.

Another way to save energy and reduce costs is to be mindful of how you use electricity throughout the day. For example, you can set your thermostat to a lower temperature in the winter and a higher temperature in the summer, turn off lights when you leave a room, and use power strips to turn off electronics when they're not in use.

In conclusion, knowing your electricity usage is an important part of becoming more energy efficient and reducing your overall energy costs. By identifying your biggest energy users and taking steps to reduce your usage, you can save money while also doing your part to protect the environment.

PROJECT REVIEW #2

Laurel Residence - Bangsar South

Pros:
1) Successful 60 acres of township with Grade A offices, High-end luxury Condo, retails, 6 acres central park and etc
2) Bangsar south attracts many foreign & local listed companies - MSC Status, Alibaba, Lazada, Shopee, Touch&Go
3)Working population - more than 80,000 population there, demand of rental is High.
4) Provide free shuttle bus to LRT Kerinchi station, 9 mins walking distance to LRT

Cons:
1) Might be traffic jam because one entrance and exit.
2) 10% downpayment required
3) High density more than 1,200++ units

Installment from RM 1,7xx

[BUY WHAT YOU CAN AFFORD NOW, NOT LATER]

When it comes to buying a property, many people are hesitant to make the wrong choice due to the significant amount of money involved and the long-term commitment that comes with it. So, how can one ensure they make the right decision?

Because it’s such a big and expensive decision, buying a property is something you have to consider very carefully. The pricier — but bigger!— the property might sound like a dream, but is it the right one for you?

Just because you're buying an affordable property doesn't mean you have to settle for the cheapest option available. It's important to choose a property that meets your preferences and criteria, such as location, amenities, and comfort for all the occupants.

You can easily figure out your housing affordability with the 3-3-5 rule, and you can do it right now! The only figures you need to know are your monthly income, annual income and amount of savings. Check out the image above for an example.

The 3-3-5 rule is a good rule of thumb to make sure you can afford your property from all aspects, as can be seen:

Rule 1: Ensures you have enough savings to cover the upfront costs.

Rule 2: Ensures your monthly instalment is proportionate to your monthly paycheck.

Rule 3: Looks at the big picture, ensuring the property’s overall price isn’t out of your means.

Bear in mind that the 3-3-5 rule is a guideline and not something to be taken too literally. For instance, if you’ve got significantly more financial responsibilities, you may want to focus your efforts on increasing your income.

Latest Update DSR ( Debt Service Ratio) in Malaysia Banks !!!

The Debt Service Ratio (DSR) in Malaysia is a financial metric that measures a borrower's ability to make regular payments on their debt obligations. It is calculated by dividing the borrower's monthly debt payments by their gross monthly income. A high DSR indicates that the borrower is spending a large portion of their income on debt repayments, which can affect their ability to pay for other expenses. The Central Bank of Malaysia (Bank Negara) uses the DSR as a guideline to assess the creditworthiness of borrowers and their ability to repay loans.

The anticipation of a further increase in overnight policy rate (OPR) by the central bank at the end of the month has triggered concern among many who fear for the state of their household finances.

The OPR was lowered to a record 1.75% after the onset of Covid-19 in Malaysia in early 2020.

Last year, it was raised a total of four times by a cumulative 100 basis points to 2.75% – still below the pre-Covid rate of 3.25% seen in March 2019.

What is the OPR?

The OPR is the basic interest rate which influences the lending, financing and deposit rates of banks.

It determines the cost of bank loans and deposit returns for conventional financial products as well as Islamic finance.

Simply put, when the OPR goes up, so does the cost of loans, with borrowers forced to pay a higher amount according to the new figure.

For example, a 0.25% increase in OPR for a home loan amounting to RM500,000 with a term of 30 years will mean a RM71 increase in monthly instalment payments.

Over a course of 30 years, the borrower will have to pay an additional RM25,560 for the total interest.

But on the upside, an increase in interest rate will also encourage more people to invest in fixed deposits, to take advantage of the higher interest returns.

PROJECT REVIEW #1

ALIRA TROPICANA METROPARK - SUBANG

Pros:
1) Freehold title located in 88 acres of Tropicana Metropark Township
2) Low density ( total 832 units in 2 phases)
3) More than 60 facilities, 9.2 acres of Lake Park (Pet friendly)
4) Direct highway (Federal Highway) to Metropark Township

Cont:
1) Small layouts ( Biggest is 1048sf) not suitable for big family
2) No walking distance to public transport ( Nearest is KTM Batu 3)
3) Not really located at Subang city, actually located near Shah Alam

Installment from RM 1,9xx

We act as the catalyst, bridging the gap between real estate investors and purchasers of all generations, enabling them to acquire the houses and properties of their dreams.

By using our varied platform across social media, you may enrich yourself with property information, news, updates, hot deals and events through our social media.

Keep in touch with us on our many social media channels, including Facebook, Instagram, and 小红书.