KL New Property

23/01/2018

Latest Property Financing Measures by Malaysia Central Bank

Latest Property Financing Measures taken by Malaysia Central Bank and Bankers to all property investors be it Malaysian or foreigners as follows:

👉 maximum financing to 35 years
👉 no more “pre-approved” loan offers by all bankers
👉 DIBS (Developers Interest Bearing Scheme) to be remove for all projects
👉 Loan to Value (LTV) is based on net Selling Price, after deducting all rebates and discounts
👉 LTV of maximum of loan of 70% for borrower’s third property and subsequent property-financing facility for Malaysians

Immediately after the announcement by Central Bankers, notably most bankers implemented these new guidelines to foreigners to reduce exposure:

1. Foreigners without visa – margin of financing reduce to 4o% to 60%
2. Foreigners with MM2H visa LTV to reduce to 60% to 70%
3. No more pre-approved loan even though clients currently premier status
4. Bangladesh, Iranians, Syrian and most Middle Eastern countries- loan application frozen
5. No more DIBS for all properties for all foreigners except Singaporeans

08/01/2018

08/01/2018

REASON 1 to Invest in Properties

👴 Rich people have many properties

Based on my personal experience, I find that many rich people invest in properties. You, yourself would be able to notice that most millionaire investors have a long list of real estate properties on their assets. It is either they buy a lot of real estate properties using their money earned from their business or they are in the business of building and selling real estate.

Why would these rich people do this? They sure did saw something that is worth it in real estate investing. There is a simple fact from PropertyShowRooms.com which says that 50% of the names mentioned on the Times’ “Rich List” made their money through investing in property. It is a proof that most rich people earn their wealth by investing in real estate. This is a plain proof that one of the most important investments which made millionaires out of them, is real estate investing. If these “rich” people made a fortune by investing in properties, then it could probably be also a way for you to become one.

08/01/2018

Why Invest In Malaysian Property?

Malaysia is catching the eye of many discerning property purchasers worldwide. Below is a comprehensive list explaining why Malaysia is such a popular investment arena today.

There are many economic and political reasons why Malaysia offers so much promise as a strong emerging market today. Successful investment in property in Malaysia relies chiefly on the ever increasing tourism figures, as well as commercial and residential options within the capital city of Kuala Lumpur. Below you will find the main reasons why Malaysia affords a great investment climate for foreigner property purchasers today:

👉 One of the fastest growing economies in the region ( 7% est.)
👉 British legal system, property laws and environment
👉 Freehold property ownership and security of title
👉 Active government incentives (Malaysia My Second Home Programme) encouraging foreign homebuyers to the country through offering 10 year entry permits
👉 Attractive, well-priced properties with strong rental demand
👉 Strong capital growth of between 15 and 30%
👉 Effective Land Registry and transparency in property transactions
👉 Tax advantages: remittances of income from overseas are TAX FREE
👉 No capital gains tax on unearned income inside the country
👉 Capital gains on real property are less than 5% after 5 years
👉 Among the top three countries for the greatest number of tourist arrivals among the 53 Commonwealth countries, according to the World Tourism Organisation.
👉 Tourist arrivals in Malaysia rose by more than 180% between 2010 and 2017 - an astonishing achievement for tourism.
👉 Chinese investors already active in the market and this is expected to grow
👉 Good, modern communications and infrastructure country-wide
👉 Through its Ninth Plan, the government of Malaysia aims to further improve the infrastructure and general economic development of the country. Analysts believe this will have a positive impact on the Malaysian real estate market.
👉 The value of the local currency, the ringgit, is far below the euro, dollar and pound sterling, allowing foreign investors to buy a lot more for their money in Malaysia.
👉 Low cost of living: eg. petrol at USD 0.55 per litre
👉 Low cost of regional flights on Air Asia to major S.E. Asian cities
👉 High quality development properties in prime areas are now available
👉 Strategic location - close to Australia, Bali, Singapore, Thailand
👉 English language widely spoken and all property sale agreements in English,
English language newspapers, radio and television available everywhere
👉 Wonderful climate and food.
👉 Superb golf and other sports facilities.
👉 Extensive white sandy beaches continue to draw holidaymakers.
👉 Warm, friendly people and peaceful environment