Suren Properties

28/02/2022

Looking forward for great 2022, thanks to all you support and hard work from my end, managed to finish top 10 performer for project sales in 2021

05/09/2021

24/08/2021

Stay safe by using face masks and face shields to prevent community transmission of COVID-19 when the physical distancing are relaxed and no longer possible.

10/08/2021

To all my Muslim friends , clients and relatives have fantastic celebration and keep safe in this challenging times 🙏🙏

02/08/2021

💰💰 Opportunities to save money during MCO💰💰

Yes, we don’t like being forced to stay at home with not much to do. Here’s the thing ,there is a silver lining throughout this as it gives us an opportunity to save on some expenses. Here are some ideas 💡💡on how to save during the MCO

Make your leftovers work for you ✅

It is important to have a weekly food budget and keep to it as much as you can. Having left over food is common , here are some examples on how you of what you can do with it.
You can make refreshing smoothies out of unfinished fruits. You can also make pasta sauces out of leftover vegetables or create a one-pot stew to make use of all leftovers.

Do away with some of your beauty routines ✅

Given that you have been working from home for a while now, you can basically do away with beauty routines and save some money.

Save on utility bills while working from home ✅

If you are couple working at home due to MCO , where practical try to work within the same space so you don’t end up using more electrical appliances that you need to such as air-conditioning and light.
Change minimal clothing since you are working from home so don’t have to wash so much clothes during the weekend.

There is nowhere to go so we save on travel costs ✅

You can save on travel cost while working form home and only going out to buy food and necessities, you will be saving on fuel, toll and car maintenance.

Save by cooking at home ✅

Cooking is a great way to save money during this MCO, try not to take the easy way out and order food delivery because firstly it is expensive and secondly it is also most likely to be unhealthier. However please do try and support the local businesses from time to time

If you want to know more about properties, please
Contact me at : 012 277 7757
whatsapp me at : https://surenproperties.wasap.my😃

If you find my content interesting and useful please share, like & follow my page at : facebook.com/Surenproperties😃

27/07/2021

Doesn't matter what your job is, anyone that busts their ass for their family is a 💯 winner.

26/07/2021

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If you want to know more about properties
contact me at : 012 277 7757
whatsapp me at : https://surenproperties.wasap.my

Like & follow my page : facebook.com/Surenproperties

25/07/2021

📣📣 Industrial remains an attractive sector especially for E&E and logistics 📣📣

The COVID-19 infections in Malaysia showed no signs of abating despite the national roll-out of vaccines and the reimposition of MCO 2.0 in January 2021, followed by MCO 3.0 and full lockdown (FMCO) since May 2021.

According to leading property publication, the 1st half of 2021 shows that stakeholders in the industrial property segment are expected to practise more caution in formulating their plans as they navigate through this difficult operating environment.

The robust growth of e-commerce amid the prolonged COVID-19 pandemic translate to higher demand of logistics/warehousing space within the region, especially in strategically located centres and urban areas.

🚛 The accelerated shift from traditional retail to online order fulfilment will continue to generate strong demand to propel sustainable growth into the future. 🚛

In the manufacturing space, we particularly see more interests surfacing in the electrical and electronics (E&E) sector driven by the global shortage of semiconductors as well as the 5G network roll-out.

💡 The E&E sector is amongst the top performers and the total investments from foreign and domestic investors in this sector doubled in 2019 compared to the previous year. We anticipate significant interests and growth potential in the E&E space moving forward. 💡

🏭 Manufacturers that will benefit from the surge of demand for their goods during this time are also actively in search of appropriate sites for their expansion. 🏭

There were also recent significant announcements for the agriculture sector in efforts to incorporate more technology into modern farming methods. Some industrialists and developers have begun to apply their thinking caps to future proof their product and services to be in line with global efforts to promote Environmental and social governance (ESG). This will probably be a new platform for upcoming manufacturers to focus on as some traditional industries start to fade away.

Strict containment measures to curb the spread of the coronavirus such as travel restriction have resulted in limited new foreign entries to the market.

Due to these uncertainties, developers, investors and local prospective buyers, are adopting the wait-and-see approach and conserving cash.🤔🤔

Nonetheless, Malaysia remains an attractive destination for high-value manufacturing and global services in Asia.✅

💰💰 In 1Q2021, the country recorded a total of RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors a surge of 95.6 per cent from the same period last year (RM41.2 billion). 💰💰

The strict containment measures currently in place due to Covid-19, continue to severely disrupt supply chains. The COVID-19 crisis, however, has a silver lining for the logistics industry. With prolonged periods of lockdowns and restrictive movements, there is a structural shift towards omnichannel retailing.

The pandemic is driven e-commerce boom augurs well for the industrial property market due to growing warehouse space requirements to cater to the surge in last-mile delivery cm collection. ✅

🔑🔑 Moving forward, the sustained interest in the E&E and logistics industry will support a strong demand for manufacturing, warehouse and distribution facilities, this in turn will create opportunities for investing into industrial / manufacturing property and land. 🔑🔑

If you want to know more about properties, please
Contact me at : 012 277 7757
whatsapp me at : https://surenproperties.wasap.my

If you find my content interesting and useful please share, like & follow my page at : facebook.com/Surenproperties

21/07/2021

📣📣A simple 10-step guide on the purchasing process of a property 📣📣

💰 Step 1 – Working out your budget and available cash flow 💰

There’s no point in diving into a home search without first knowing what is your budget and cashflow. In determining your budget please remember that a property purchase involves other add on costs on top of the property costs such as stamp duty and other miscellaneous legal fees.

The down payment is a major component that you need to have upfront (normally 10% of the total property cost).
Below are estimates of other add on costs that you need to prepare for:
1. Stamp Duty on the Memorandum of Transfer (MOT) – Normally 1% - 4% of the purchase price ✅
2. Stamp Duty on loan agreement – Normally 0.5% - 1% of the purchase price ✅
3. Real estate agent fees – 3% ✅
4. Mortgage insurance ✅

🏘 Step 2 – Finding Your New Property 🏘

The one most important factor in property is LOCATION ✅
You can look for a property by:
1. Engaging a real estate agent - These experienced professionals know the market, know the reputation of developers and know how to navigate the tricky waters of legal paperwork.
2. Search in property portals
3. Look out for Developers’ advertisements / websites / social media for new properties

💰 Step 3 – Price Comparison 💰

Once you’ve found a property you like, don’t just rush right in. It’s important to take a step back and compare the price against other similar properties.
This is a great way to understand whether you are overpaying on a property, but also whether there might be some other similar projects that will offer you better value for your money.

💰 Step 4 – Secure Financing 💰

For most purchasers there is a need to secure financing before you sign the deal. Making sure you get this right is an essential step in finding the best new property for you.

Please remember that all banks will rely on your CCRIS Report as well as your CTOS score to assess your suitability for a loan. Another important factor is your Debt Service Ratio (DSR), which needs to be in the 30-50% range.

When choosing a bank to obtain your home loan, check out their available home loans to see if it fits your needs. That means that before deciding on a specific bank, you’ll first have to decide on what type of loan best suits your financial situation.

👩‍🎓 Step 5 – Employing A Lawyer 👩‍🎓

You might not need a lawyer but it’s probably common sense to have one to ensure that you cover all the legal aspects in your purchase contract (Sales and Purchase Agreement - SPA)

If you do choose to go ahead with a lawyer here are some points to consider
• Find one that specialises in conveyancing
• Do your research and review their experience
• Double-check that they are registered with the Malaysian Bar Council
• Make sure their rates are in line with your budget and market

🏘 Step 6 – Letter Of Offer/Intent To Purchase 🏘

When you have identified a property that you are ready to purchase, you need to inform the owner / developer of your intention to purchase and this is done via a Letter of Intent to Purchase

The Letter of Intent to Purchase is generally combined with an earnest deposit, which is an upfront payment for 2% of the total cost of the property.

The Letter of Intent to Purchase sets out the initial conditions of purchase and also sets out the date by which the Sale and Purchase Agreement (SPA) should be signed, usually within 2-3 weeks of the signing of the Letter of Intent.

🏘 Step 7 – Signing The Sales and Purchase Agreement 🏘

The SPA sets out the full terms and conditions of your purchase. Your lawyer’s involvement is to ensure that you are represented and your interest are being looked after when negotiating the SPA terms and conditions

🏘 Step 8 – Signing the Loan Agreement and MoT 🏘

Once you have signed your SPA, you will need to identify a bank which can finance your remaining sum due to the owner of the property.

After the bank has reviewed your loan application, they will offer you a loan in a form of a Letter of Offer where the key terms and conditions of the loan are stated for your review and acceptance.

Once you accept the loan offer, you will need to sign the Loan Agreement which is a legal document that sets out the terms and conditions of your home loan.

You are also required to sign your Memorandum of Transfer (MOT), this is the legal document which transfers ownership of the property.

💰 Step 9 – Paying Fees And Costs 💰

Once the SPA is signed on the dotted line, you will need to pay the remaining share of your 10% down payment and all other related cost such as stamping duty, legal fees and balance of payment to the owners (normally covered by the bank loan)

🏘 Step 10 – Receiving Vacant Possession 🏘

For a sub-sale the SPA will outline the timing of the vacant possession ✅

For purchase from developers the Notice of Vacant Possession must be completed within 36 months of signing the SPA for a strata-titled property, and within 24 months for an individually-titled property.✅

The Notice of Vacant Possession precedes receiving your Certificate of Completion and Compliance (CCC). This is a legally required document issued by the local authority to say your new property is safe and fit for human habitation.✅

If you want to know more about properties, please
Contact me at : 012 277 7757
whatsapp me at : https://surenproperties.wasap.my

If you find my content interesting and useful please share, like & follow my page at : facebook.com/Surenproperties

21/07/2021