MAG Interior Design Fair at Diamond City Semenyih

mag-id-fair
Happy New Year 2017!

It’s New Year, It’s also a New Beginning!

Are you ready to implement some Good Changes for improvement on yourself and your home?

I strongly believed when someone staying inside a home that is lovely, homey and full of happiness, the positive energy will also reflects on their life and works. The fundamental must starts from your own home!

2017, let’s kick start by planning some good makeovers on your home!

Some people might think they are not creative, no idea what to decorate, which designer theme to follow, what kind of furniture and curtains to choose from? Sounds familiar? Don’t worry, you may always seek the consultations from the Deco Reno and Interior Design Experts.

mag-id-fair-expert-advice
For your info, there will be a FIRST ever ID Fair in Malaysia for year 2017 organized by MAG at Diamond City, Semenyih on 5-8 Jan 2017. You may drop by to direct discuss with the experts. Also, possible sourcing for some renovation and decoration materials. The participate big brands company, such as MAG, Daikin, Feruni, Joven, GoodWood, Floor Depot & etc.

mag-id-fair-participants
I will also spend a day there, to get some ideas on the interior design and sourcing for some decoration and furnishing items for my homestay properties.

Don’t forget to bring along your kids, there will be having some FREE Popcorn and Cotton Candy. Buffet food will be served for everyone too.

On 7th Jan 2017 (Saturday), there will also have LUCKY DRAW for the Diamond City New Owners that worth more than RM100,000. Make sure you save the date and let’s come try your luck :)

mag-id-fair-itinerary-new
Please search the below address via Waze or Google Map to reach the destination:
No. 28 & 29 , Diamond City, Jalan Broga, 43500 Semenyih, Selangor

Organiser Company Website
http://www.magnificentgrp.com/

Facebook Fanpage
https://www.facebook.com/magnificentgroup/

For further enquiry, please contact:
016-2966440 / 011-23136393

Base Rate vs BLR in Malaysia: How Does BR Work?

Generic Landed House
Effective January 2, 2015, the Base Lending Rate (BLR) structure was replaced with a new Base Rate (BR) system. Under BR, which will now serve as the main reference rate for new retail floating rate loans, banks in Malaysia can determine their interest rate based on a formula set by the central bank.

Under the previous BLR, the rate was set by Bank Negara Malaysia (BNM) based on how much it costs to lend money to other financial institutions. Meanwhile, the cost to borrow money was determined by the Overnight Policy Rate (OPR) set by central bank.

With the new BR, interest rates are determined by the banks’ benchmark cost of funds and Statutory Reserve Requirement (SRR). Other components of loan pricing such as borrower credit risk, liquidity risk premium, operating costs and profit margin will be reflected in a spread in the new BR framework.

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Converting Your Property Into A Homestay Business

On 21 November 2014 (Friday), I have an article published at NST 1Klassifieds Cover. I have not update it at my blog because I am waiting for the softcopy.

Finally I got the softcopy of my own article from NST this afternoon :)

The first time I requested for the  softcopy, they told me it is their copyright, cannot be given unless are some free articles that can be downloaded from their website. Unfortunately my article is not published at the website for free download!!

After 2 weeks, I tried to request again! Over the phone, I was given a price tag to buy the softcopy. I wrote in to them again to request, and asking if I need to buy the softcopy what is the price? Then I got their reply, they will give it to me for FREE (only for first time), next round when I request for such article softcopy, I have to pay for it!!

Hmmm….what an experience huh??!!

Enjoy reading…

This is the similar article published in Eyes Property Magazine Vol.6 in Malacca; Home360 Magazine in Singapore and this is the latest version by local newspaper New Strait Times 1Klassifieds.

Thanks Gerald Chuah for supporting me :)

If anyone need HomeStay consultation, do let me know, I can introduce my friend based in Malacca to you. Let them help you design and plan your property into homestay in an economic yet profitable way.

NST-1klassified-Nov 21 2014
To receive more news update, you may want to join my FREE mailing list, just key in your Name and Email at the below form :)

Dual Key Property – What Is It?

A Dual Key Concept Property is one which (usually) has a self contained studio accessed by a door, inside the main apartment. There is a common hallway, but separate lockable doors to each section. So the title belongs to one owner, but they can rent out the each portion separately, or live in one and rent the other.

The advantage is higher yield and/or income. You could live in the main part and rent the smaller part out, so you get income to help with the mortgage. Or let both parts out separately.

For Family:
Your elderly parents stay in the studio, while your wife and kids stay in the 2BR or 3BR next door.

For Young Investor:
Rent out the studio to working professionals, yourself stay in the 2BR unit; or vice versa, when you are still single, you stay at studio, rent out the bigger space to small family.

Growing Family:
At first, you rent out the smaller unit, but when your kid grows up, they request for own privacy, and you as their parent you don’t want them to stay far away from you, let them stay next door, yet their privacy are assured.

See the below example for Dual Key Concept Apartment

Dual-Key

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Guide on buying a property in Malaysia

10 steps to buying your dream house in Malaysia

Apartment
1. Understand and draft your budget
With the skyrocketing property prices in Malaysia, one must be really clear about managing budgets and debts. To own a real estate, first thing to take note is your budget. If you are a first time buyer, understandably banks will approve you a loan of 90% for as long as it does not exceed one third of your income. But exceptional cases may occur if you hold good past credit records and the bank may permit the monthly instalment to go up to half of your net income.

There are also other expenditures to take into account such as legal fees, stamp duty and government taxes so do not allocate just an exact amount for the property you are purchasing as you may very well go beyond your budget.

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Selangor New Guidelines for Foreign Purchases

QUICK SUMMARY
EFFECTIVE 1 SEPTEMBER 2014 :::

1. This new guideline shall apply to all Sale & Purchase Agreement which are dated after 1 September 2014.

2. Foreign Purchasers refer to any purchase made by non-Malaysian, PR Holders and Foreign Companies.

3. The properties in Selangor shall be categorised into three (3) zones, as the following:

ZONE 1
– Daerah Petaling
– Daerah Gombak
– Daerah Hulu Langat
– Daerah Sepang
– Daerah Klang

ZONE 2:
– Daerah Kuala Selangor
– Daerah Kuala Langat

ZONE 3:
– Daerah Hulu Selangor
– Daerah Sabak Bernam

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拜访马六甲客家公会民宿

出席了两场房产项目盛大开盘后,我跑去拜访朋友在马六甲开的客家公会民宿。

很多当地的朋友一直告诉我,他们在马六甲有搞民宿生意,而且利润还不错的。更有朋友最近一直在计划买几间三层排屋要拿来做民宿。

看来,不去了解一下是不可以的了!
Hakka HomeStay Malacca 01

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BNM decided to raise the OPR by 25 basis point, so…?

Yesterday morning I sent out an email (shown at the below) to my JefferyLam.com Community, and I got some immediate feedback and reply from them like:-

Positive people with positive mind. Busy n hectic life if always for smart n business minded proffesional like you. You hv your clear mission n objective in mind , so nothing will stop you from achieving your goal. Your parents will be very proud of you. Keep up your momentum n success is just the matter of time.

Very interesting of your encountering stories in a Monday morning

Boss, i enjoy reading your story.

and etc…..

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68%国人不满房价 大叹买屋难

大马产业价格以迅速的步伐向上攀升,已经是近年来非常普遍的话题。

在当前“贵楼处处”的市况下,“居者有其屋”的美梦似乎愈来愈难圆,也令在后不断追赶的消费者大喊吃不消,而购屋者的负面情绪甚至也开始冲击整体产业市场。

高攀不起 国人叹买屋难

68%不满房价、房价、房价

根据房地产网站PropertyGuru的消费者情绪调查报告显示,截至2013年末季为止共有68%的消费者对大马产业市场环境感到不满,换言之,只有32%的消费者感到满意,整体满意程度较2013年次季时的37%共下跌4个百分点。

针对消费者的不满情绪,PropertyGuru解释称此现象主要归咎于3大因素,即产业价格过高、价格与产业条件不合理、以及产业价格增长步伐迅速,可见消费者的不满还是离不开价格因素。

巴生河流域房价涨幅最高在这当中,全马人口最密集的巴生河流域,顺理成章地成为产业价格涨幅最高的地点。根据PropertyGuru的调查显示,该地区在单单2013年的平均涨幅便高达30%。

在公佈此调查报告的汇报会上,PropertyGuru大马区域经理许毅提醒道,30%的涨幅纯属平均值,部份地点的涨幅甚至超出此水平,加上产业市场在2013年之前已经展开涨势,意味着巴生河流域中部份地点的产业价格在过去4年来甚至已经写下翻倍的增长。

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Top 10 Tips on Investing in Iskandar Malaysia

Iskandar Malaysia will be a challenging market to maneuver from 2014 onwards.
by Khalil Adis (edited by iProperty.com Malaysia)

The brainchild of former Malaysian Prime Minister Abdullah Badawi, Iskandar Malaysia is quickly proving to be a favourite with both Malaysians and foreigners. A current hotspot for buyers and investors, Iskandar Malaysia’s growth potential may see a plateau post-tabling of the Budget 2014.

Some of the new measures that will kick in effectively in January 2014 include an increase in the Real Property Gains Tax (RPGT) from 15% in the first two years and 10% between the third and fifth year to 30% for the first three years, 20% in the fourth year and 15% in the fifth year.

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A Malaysian Guide to Home Buying Fees & Charges [Infographic]

Before we make any purchase or put down our booking deposit, it is wise to firstly enquire from the developer side, if they are absorbing the SPA Legal Fee, MOT Stamp Duty, Loan Agreement Fee, Loan Stamp Duty and etc; or you are the one who will bear all the costs.

If you are buying from the secondary market / sub-sale, then you have to bear all those charges. So, please always remember to do some calculations before finalizing your buying decisions.

Let me give you some general guidelines on how does all the costing works. To be exact, always consult your representative lawyers, please see the below break downs:-

[Read more…]