When considering buying a property, it is not just about having sufficient money to pay for your down payment and you are set to go. If you do not know the hidden costs (after you have booked your property), you will be in a big surprise when you later discover you have to pay a lot more which can be outside your initial budget. When … Continue reading Hidden costs you should know when buying a property
When you decide to buy a sub-sale property, the property agent or negotiator will ask you to sign an Agreement (Offer) to Purchase form together with your payment of earnest deposit (usually 3% of the purchase price). At this point, this is only your offer to purchase the property. There is no contract yet unless and until the owner accepts your offer to purchase by … Continue reading Questions on the Agreement (Offer) to Purchase (sub-sale property) form
When considering buying a new property, there are some situations that can give the buyer a high chance to make some sort of “instant” capital gains. Below are the things to look out for the next time you look for a new property: HIGH REBATES Nowadays, it is quiet common to find developers offering 10% to 15% rebates to entice their potential buyers to quickly … Continue reading How to make “instant” capital gains when buying a new property
Learn the things most potential tenants are looking so that you can save thousands of Ringgit in lost rentals. Even though every property owner knows that they should rent out their property as fast as possible, a lot of them however do not bother to make potential tenants want to rent their place. From experience, there are certain things that most potential tenants will look … Continue reading How to rent out your property fast!
Is it better to buy or rent a property? This article looks at the financial aspect of both the options. Continue reading Rent or buy?
Real estate negotiators (RENs) are always wary of this – their prospects do not show up on pre-arranged property viewings! A lot of them like to “Fong Fei Kay” (Chinese phrase for no-shows). They do not answer calls or reply to SMS from the frantic REN. Some will even say they are on the way but never show up. Before or on the day of … Continue reading Occupational hazard faced by real estate negotiators (RENs)
CUKAI PINTU (MALAYSIAN ASSESSMENT TAX) Cukai Pintu is imposed by local councils on property owners to finance the construction and maintenance of public infrastructure, cleaning services and upgrading works in the area under its jurisdiction. This tax is calculated based on the estimated gross annual rental value of a property (residential properties, business properties e.g. complexes, hotels, etc., industrial properties e.g. factories etc, and agricultural … Continue reading Cukai pintu & cukai tanah in a nutshell
Imagine you walked into a property sales gallery and fell in love with a condo on offer. You then identified a unit but hesitated when informed of the monthly installment. After some quick mental calculation, you came to the conclusion that it will be very tight on your budget, even when your level of income qualifies you to borrow from the bank. Sheepishly, you tell … Continue reading How to buy a condo with tight cash flow
The value of a property is determined by the following factors: LOCATION Buying a property is always about location, location, location. On top of having good accessibility and amenities (especially within walking distance to shopping malls), properties that are near the city centre or surrounded by colleges/universities/business activities (commercial areas) will always be in demand and they can generate good rental income. With the ever … Continue reading 4 factors that can influence the value of a property
Real Property Gains Tax (RPGT) is charged on capital gains derived from the disposal of property. The keyword here is “gains”. In simple terms, RPGT is calculated based on any gains made by the seller which is the difference between the selling price and his original purchase price (plus other incidental costs) of a property. RPGT RATES: Below are the RPGT tier rates: Note: The … Continue reading RPGT (Real Property Gains Tax)