The shift from gross income to net income as a measure of loan eligibility has left many potential housebuyers in a quandary, with loan-rejection rates reported as high as 70% in the first round. Loan eligibility varies among financial institutions; therefore applicants can seek alternatives if they are rejected by the first financial institution approached. …

New-home supply in Malaysia to shrink on higher loan-rejection rates Read More »

KLANG: Mohamed Azmin Ali has refuted claims that Selangor has refused to allocate land for the Federal Governments 1Malaysia People Housing Programme (PR1MA) saying they had to adhere to guidelines if they want to build affordable housing in the state. “A price tag of RM400,000 per unit is not affordable. The state government has set …

PR1MA housing too expensive for rakyat, claims Azmin Read More »

They say that you need to diversify your investments so you’ll be resilient with economic fluctuations and minimise risks. But what do you need to know about investment-specific risk?

Process Letter of offer: the seller will sign the letter of offer signed by you and accept your deposit of 2% of the property price which is kept by the estate agent as stakeholder until the Sale and Purchase Agreement (S&P) is signed. S&P: S&P will provide details of the transfer and any warranties; the …

Getting the paperwork right Read More »

3 Ways the Singapore property market is different from the Malaysian property market: comparing the differences One of the local property portals recently did a consumer sentiment survey, which shows that Singaporeans are still keen to invest in the overseas market – specifically Malaysia. If this is indicative of the market, it shows that Singaporeans …

3 Ways the Singapore property market is different from the Malaysian property market Read More »

Strapped for cash, millennials buy their first homes entirely on credit KUALA LUMPUR — Jeya ‘Ganes Kisnan, 27, took a RM20,000 personal loan to settle the legal fees for his RM720,000 condominium as he could only afford to pay the down payment, even after getting a 7 per cent discount. The young entrepreneur, who runs …

Strapped for cash, millennials buy their first homes entirely on credit Read More »