FeinTeo Property MY

Home
Malaysia
Petaling Jaya
FeinTeo Property MY

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from FeinTeo Property MY, Estate agent, Sunway Pyramid, Jalan PJS 11/15, Bandar Sunway, Petaling Jaya.

Your Trusted Property Consultant |
Serve homebuyers to get the ideal properties & return of investments |

IQI Realty Sdn Bhd;
Fein Teo;
REN 51921;
Specialized in KL/ PJ property - Buy, Sell, Rent, Let;
Homeowners welcome to list;
wa.me/60122359902

25/12/2022

IQI wishes you a Merry Christmas! 🎄

Love is a gift. Peace is a gift. Happiness is a gift. May all these be yours this festive season! 🎁❄️

22/12/2022

One danger of buying below market value property for inexperienced buyer - ⚠️

Today an occupant of a house auctioned off last week contacted me as I'm the agent of my successful bidder.

Occupant told me that he was victim of scam by previous owner. He had "bought" the house at 700K+ via an agent and have released his 10% RM70K+ and also paid the agent RM20K commission. Ended up the house was still being auctioned off because owner didn't settle loan arrears. RM90K gone and ended up with no house 😢

Buyer and seller signed S&P... agent advise buyer to release 10% to seller... sound okay right? 🤷‍♂️Sadly no...

1)If the property is suspiciously below value....Buyer must check seller's loan arrears before releasing the money as current purchase price must be more than enough to cover owner's mortgage loan redemption sum...

2)If redemption sum is higher than purchase price (means owner making loss). Buyer better not release deposit because there is no guarantee the seller can settle the difference owing to bank after the sales.

3) So if got such case can buyer still proceed? Yes...buyer must appoint a lawyer as stake holder for his deposit. So both parties are protected. In event seller default then buyer wont lose his deposit.

Hope more buyers are aware and fall into trap by unethical seller & agent without knowledge. IF the deal is too good (below market value) then beware. 🙏

28/08/2022

StarProperty Survey: What properties are the younger generation eyeing? 🔥

✨ 1. Budget
Affordable home (below RM300,000) will be comfortable for youngsters, without affecting lifestyle.

✨ 2.
Close to a public transport station (MRT or LRT) for ease of access.

✨ 3.
Open to / older development, for the strategic location, e.g. near shopping malls/ city center

✨ 4. Prefer a /
Able to enjoy the , e.g. nice pool & gym, to keep up with a healthy . Also, gated guarded for safe community. Besides that, small and easy to clean.
Furthermore, a nice view, like facing lake or forest (for fresh air), is optional. But, not prefer the view facing highway/ main road, because of the noise.

✨ 5. Good natural &
Example, every room & bathroom must have window for . Smooth airflow will get rid of mould & heatness issues.

27/08/2022

7 Steps to Convert Home Electric Bill to Residential Rate 🔥

With own-stay purpose, you may convert the
rate to rate for the energy use, regardless of . Follow the steps to save money for your electric bill. ✨

https://www.mytnb.com.my

23/08/2022

5 criteria of good layout for home 🔥
How to choose a property layout for comfortable living & valuable for resale?

✅ 1. Squarish layout, with each function in decent size
- Renovate & housekeeping at ease, optimum use of space, etc.

✅ 2. Front & back opening (balcony & yard)
- Optimum natural airflow for cooling

✅ 3. Width over depth, in practical range 50:50/ 60:40
- e.g. 40’x25’ for 1000sqft unit, 16’x12’ for 200sqft room
- Optimum sunlight & room temperature

✅ 4. Smooth movement between each functional space
- e.g. Room attached with bathroom, practical distance between activity & rest area, etc

✅ 5. Prefer rooms facing outside (with views)
- Optimum sunlight & natural airflow, for livability

https://fb.watch/f4drux42I4/

22/08/2022

Pros & Cons of Investing in Commercial Property 🔥

💎 PROS

✅ 1. Longer leases
Commercial properties are basically rented for long term, from 2 to 5 years. You can get stable rental income, if attract big brands as reliable tenants.

✅ 2. Flexible space
Space dividable for several businesses, to attain a higher profit. Example, grocery stores, food courts, and space. Rental rates depend on sizes.

✅ 3. Business networks
Property investors usually work with business owners. You can share the resources and leverage on one another.

✅ 4. Public eye on the property
Retail tenants have to renovate & maintain their store, to cater to own business & livelihood. It helps the owner enhance the quality & value of the property.

💎 CONS

✅ 1. Bigger initial investment
Large capital expenditures are required to acquire the commercial property, e.g. maintenance fee, quit rent, assessment tax, utilities, etc.

✅ 2. Complicated Lease Terms
Commercial leases can be different every term, subject to negotiation.

20/08/2022

Malaysia’s property market by Q3, 2022 🔥

As we adapt to endemic, rising inflation, and
interest hikes, property market showed promising growth in the last quarter.

Price, Supply, and Demand Indices, for both Sale and Rental markets, are indicating market recovery!

Malaysia Property Market Report Q3 2022 by PropertyGuru:
https://bit.ly/Q3-property-report

19/08/2022

Favorite home viewing tips 🔥
Ask questions for own benefits, during home & purchase.

✅ 1. Know the property value
Knowing the potential development of city in future, e.g. shopping malls, schools, transportation, and other public facilities, which are the factors of capital appreciation of a house.

✅ 2. Check out your surroundings
The environment relates to the life quality. Review the housing area, in terms of noise pollution, air pollution, green coverage, etc.

✅ 3. Know the furniture package
Ask clearly which fittings & fixtures are included by developers, e.g. water heaters, air conditioners, wardrobe, hood & hob, etc, to be a savvy homebuyer.

16/08/2022

Tips to renovate an old house 🔥

1. Do
- Assess the needs to install new pipe and wiring
- Replace broken roof and tiles
- Ensure that fittings & fixtures work well, e.g. doors and windows
- Check pest infestation
2. Set your budget
3. Create and stick to schedule

14/08/2022

When can you sue a property developer? 🔥

In Malaysia, homebuyers are protected under Housing Development (Control and Licensing) Act 1966, also known as .

✨ 1. Non-delivery, or late delivery of vacant possession of your purchased property

Under HDA, a developer must deliver the vacant possession of the property to buyers within a stipulated time: 24 months for landed homes with an individual title, or 36 months for strata-titled properties.
Buyers can take legal action if the property is not delivered within this time frame.

✨ 2. Defects and latent defects to your property

Under HDA, the property developer is required to fix any defects, within the defect liability period , i.e. 24 months from the delivery of VP.
Common , for instance, uneven tiles, paint cracks, scratched windows, leaking pipes, and bad .
Latent defects, on the other hand, are hardly detected, usually appear after the 24-month DLP. Examples of latent defects, are improper foundation works that cause sinking of soil (land subsidence), and cracks on walls due to substandard material used.

✨ 3. Property delivered not in compliance with the specifications provided in the . Example, missing items as per inventory list.

✨ 4. Failure to apply for the strata titles of the project within timeline, pursuant to the Strata Titles Act 1985

Under the Strata Titles Act 2013, the developer must apply for a Certificate of Proposed Strata Plan (CPSP) and the strata titles, from the Department of Survey and Mapping Malaysia ( )’s Director of Survey.

✨ 5. Failure to transfer the individual/ of the property to you

Under the Strata Titles Act 2013, strata titles should be issued upon VP of the property, or within a timeframe determined by the Controller of Housing.

✨ 6. Failure to convene the 1st annual general meeting ( ) of the joint management body ( ) or management corporation ( )

Under the Strata Management Act 2013 ( ), a property developer has to convene the 1st AGM of the JMB within 12 months from VP, and/or the 1st AGM of the MC within 1 month after 25% strata titles transferred to the purchasers.

💎 How to deal with “sick” property

Homebuyers will suffer as they still need to service their home loans.

1. For delayed development, the buyer may file a claim against the developer for at the Tribunal for Home Buyers Claims, or Court.

2. For abandoned development, the buyer may file a claim against the developer for termination and refund of the purchase price, due to a breach of the sale and purchase agreement.

3. For delay or failure to perfect the transfer of strata title, the buyer may file a claim against the developer & the (appointed to manage the developer affairs) to complete the perfection of transfer.

4. Document everything:
Include the advertising brochures, sale and purchase agreement, deed of assignment, receipts, letters, emails, etc.

5. Lodge a complaint:
Through the website of the Ministry of Housing and Local Government/ Kementerian Perumahan dan Kerajaan Tempatan ( )

6. Consult lawyer for legal advice.
Form the owner group so you will have more bargaining power, by sharing the necessary costs and tasks.

13/08/2022

Homebuying tips: Maintenance fee 🔥

When buying subsale property, make sure your lawyer applies for a “Certificate” from Management Body, to ensure that maintenance fees are fully paid by previous owner. Negotiate & get a fair deal from the purchase.

Else, the new owner needs to pay for the oversight, i.e. outstanding balance by previous owner (as per Strata Management Act 2013 ), or court proceedings to sue the previous owner for reimbursement.

Lawyer, as buyer's stakeholder, should ensure all debts by the previous owners to Management Bodies are paid in full, prior to transfering title to the new owners.

National House Buyers Association ( )

12/08/2022

Tips for Joint Tenancy 🔥

💎 Things to consider when sharing a rental property

✨ 1) Type of Rental Agreement
Generally, there are 3 types of agreements.
Look out for the clauses in , like when and how either party can end the tenancy early, rental payments, property maintenance, etc. Engage a lawyer if need consultation, before signing.

✅ First type, is where you sign a lease with a landlord who has given you permission to the other rooms in the house. You are the main tenant ( ), responsible for the entire property & timely rent payments.
(high risk, take care of whole unit & )

✅ Second type, is a joint tenancy agreement, where all housemates are collectively responsible to fulfill all obligations, like paying rent and maintaining the property.
e.g. twin sharing room for couple, co-living hostel for students/ staffs, etc.

✅ Third type, is where landlord can choose to sign individual tenancy agreements with each person, making each one responsible for their ‘share’ of property. e.g. room rental.
(low risk, take care of own room only)

✨ 2) Housemate You Live With
Look out for red flags like unhygienic behaviour, bad money management habits, no sense of ownership, etc. Ask for references from landlord and neighbours. Do necessary screening on housemates.

✨ 3) House Rules
Cleanliness, considerate behaviour, mutual respect, timely rental payment, etc. Even if renting with friends, it’s a good practice to set the house rules and have everyone sign it in the first place, which would potentially end disputes. Lay down the expectations so everyone is on the same page, understanding the shared responsibility of renting a house.

💎 How To Tackle Disputes If Emerge?
Steps you can take to safeguard yourself from unwanted housemates/ roommates.

✨ 1) Get The Facts First
Go over your tenancy agreement to understand your rights and to guide you on next action after defaults.
For joint tenancy, if your housemate fails to pay their share of the rent, the landlord can evict both of you.

✨ 2) Talk It Out
Have a friendly chat with your housemate to address the issue. Being confrontational can hurt the situation. Be reasonable to address the issue in a constructive way.

✨ 3) Document Everything
If no improvement, document everything as proof. Keeping a record of conversations and taking pictures or videos, to show your attempt to address the situation, as well as housemates' actions (or inaction) on the matter.
Take pictures of the entire property before moving in, as proof of the housing condition when first handed over.

✨ 4) Keep Your Landlord Informed
Be straightforward and honest with your landlord. Be clear and explain what you have done to address the issues with your housemates, and the outcome of situation. Get landlord to take necessary action.

✨ 5) The Final Step
Last resort, ask for the removal of the unwanted housemates. Your landlord may draw up a new agreement with you, allowing you to find new tenants.
Else, you have the rights to move on, and find another property with better housemates.

Address

Sunway Pyramid, Jalan PJS 11/15, Bandar Sunway
Petaling Jaya
47500

Website

https://www.iqiglobal.com/agent/xiafein

Alerts

Be the first to know and let us send you an email when FeinTeo Property MY posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to FeinTeo Property MY:

Shortcuts

Want your business to be the top-listed Realtor/realty Service in Petaling Jaya?