New Project Klang Valley

22/05/2023

https://www.bnm.gov.my/monetary-stability/opr-decisions?fbclid=IwAR2Vy-X3cD5hRDNbmgtsBht1nLdsgisHBxfXv9xRB5kee5NZ1zAmROE6mQU

On May 3rd, 2023, Bank Negara Malaysia (BNM) announced an adjustment in the Overnight Policy Rate (OPR) from 2.75% to 3%. 🏦This adjustment is expected to have an impact on the interest rates offered by banks and financial institutions, including home loan interest rates.
When the OPR is increased, 📈it can lead to a higher cost of borrowing for banks and financial institutions, which may result in higher interest rates for consumers. As a result, consumers with existing housing loans may see an increase in their monthly loan installments.
Therefore, it's important for consumers to stay informed about the latest changes in interest rates and to take proactive steps to manage their housing loan repayments. This may include exploring options to refinance their loans to a more favorable interest rate, or adjusting their budget to accommodate any increase in their loan installment payments. 💭
In summary, the recent adjustment in the OPR by BNM is likely to have an impact on home loan interest rates. 📰For more updates on property news and related topics, stay updated with us.

19/10/2021

Got a CTOS report? It's time to familiarise yourself with the CTOS score as it will give you a good idea of how banks assess your creditworthiness.

23/06/2021

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𝟎% 𝐜𝐨𝐬𝐭 𝐝𝐨𝐰𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 ? 𝐘𝐄𝐒 ,𝐘𝐨𝐮 𝐚𝐫𝐞 𝐑𝐢𝐠𝐡𝐭 , 𝐍𝐨𝐭𝐡𝐢𝐧𝐠 𝐭𝐨 𝐏𝐚𝐲 😍 ‼️
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>>> https://wa.me/60165423579
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02/06/2021

𝐍𝐄𝐖𝐒
𝐍𝐞𝐰𝐬𝐛𝐫𝐞𝐚𝐤: 𝐇𝐎𝐂 𝐬𝐭𝐚𝐦𝐩 𝐝𝐮𝐭𝐲 𝐞𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧 𝐬𝐜𝐡𝐞𝐦𝐞 𝐞𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐭𝐢𝐥𝐥 𝐞𝐧𝐝-𝟐𝟎𝟐𝟏

The Ministry of Finance (M*F) has agreed to extend the residential home stamp duty exemption scheme under the Home Ownership Campaign (HOC) for six months to Dec 31, 2021.

The letter stated that M*F has agreed to extend the stamp duty exemption on Instrument of Transfer and loan agreement to Dec 31, 2021 from May 31, 2021 for all residential properties registered under HOC 2020/2021.

According to the letter, the stamp duty exemption on Instrument of Transfer is applicable for all residential home purchases from the value of RM300,000 to RM2.5 million, with the first RM1 million to enjoy 100% waiver, while only the balance will be charged 3%.

Interested in new property launches in Malaysia. Check out our featured new launches by the top property developers in Malaysia.

09/05/2021

Malaysians who are looking to buy a new residential property have until 31 May 2020 to take advantage of stamp duty exemptions and special property deals.

29/01/2021

Why is it a good idea to buy a house in 2021?
2021 is a favourable time to invest in a property for the following reasons:

1. Lower interest rate for your housing loan.

2. Attractive stamp duty exemptions under the HOC 2020 (Homeownership Campaign) and for first-time home buyers as announced under Budget 2021

3. You may get a higher loan % relative to the price of the house.

ShareHow to determine the best time to buy a house in order to get the best capital gains? This article ...

23/01/2021

𝗛𝗢𝗖 𝟮𝟬𝟮𝟬 (𝗛𝗼𝗺𝗲 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗖𝗮𝗺𝗽𝗮𝗶𝗴𝗻) 𝗲𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝘂𝗻𝘁𝗶𝗹 𝟯𝟭 𝗠𝗮𝘆 𝟮𝟬𝟮𝟭 𝗼𝗻𝗹𝘆 ! 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝗵𝗼𝗺𝗲𝗯𝘂𝘆𝗲𝗿𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗸𝗻𝗼𝘄 :

How does the HOC benefit homebuyers?

There is a full stamp duty exemption on the Memorandum of Transfer (MOT) and Sale and Purchase Agreement (SPA) for homes that are priced between RM300,001 and RM1million. Homes that are valued at less than RM300,000 do not qualify for the exemption.

Properties that fall in the RM1million -RM2.5 million price range will be subject to a reduced stamp duty of 3%, where the 3% stamp duty will only be imposed on the balance amount after RM1 million. For instance, if the property price is RM1.5 million, the 3% fee is imposed only on RM500,000.

The 0.5% stamp duty charge on your housing loan agreement are also fully exempted – this applies for properties priced from RM300,00 to RM2.5 million.

Homebuyers will get to enjoy a (minimum) additional 10% discount on the purchase price – This discount must be reflected in the Sale and Purchase Agreement (SPA). Property developers are required to offer at least a 10% discount for their residential projects in order to register their development(s) under the HOC.

27/11/2020

Under the i-Sinar KWSP/ EPF i-Sinar programme, the Employee’s Provident Fund (EPF) allows affected members to withdraw savings from account 1. The application begins in December 2020.

13/11/2020

May the divine lights of Diwali shine a glow of hope, joy and prosperity into your homes during this auspicious festival.

Happy Diwali from all of us at New Project Klang Valley