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Educational – TheRealEstate.my https://realestate.xlc.my Your Future Properties Preferences Tue, 02 Apr 2024 20:24:59 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.1 https://realestate.xlc.my/wp-content/uploads/2021/06/cropped-TheRealEstate.my-Snippet-JP-32x32.jpg Educational – TheRealEstate.my https://realestate.xlc.my 32 32 Malaysia Property Expo (MAPEX) 2024 https://realestate.xlc.my/malaysia-property-expo-mapex-2024/ Tue, 02 Apr 2024 20:24:57 +0000 https://realestate.xlc.my/?p=637 Read More...]]> PETALING JAYA: Ekspo Hartanah Malaysia (MAPEX) Selangor 2024 bersedia untuk merevolusikan landskap pelaburan dan pembangunan hartanah, menandakan pulangan kejayaannya pada April ini.

Acara yang dianjurkan oleh Persatuan Pemaju Hartanah dan Perumahan Malaysia (REHDA) Selangor itu akan berlangsung dari 26 hingga 28 April 2024 di Pavilion Bukit Jalil bagi menjanjikan platform untuk peneraju industri, pelabur dan pembeli rumah meneroka masa depan hartanah.

Pengerusi REHDA Selangor, Datuk Zaini Yusoff, berkata MAPEX Selangor 2024 menyasarkan untuk melebihi jangkaan dengan menawarkan pengalaman yang pelbagai bagi menampilkan pameran dan ceramah untuk mencerahkan peluang rangkaiannya.

“Dengan tumpuan kepada inovasi, kerjasama dan pertumbuhan, acara ini bersedia untuk mentakrifkan semula kejayaan dalam pasaran hartanah.

“Sama ada untuk pelabur berpengalaman atau pembeli rumah kali pertama, acara ini merupakan pintu masuk perhubungan dan peluang dalam membentuk masa depan pelaburan hartanah,” katanya pada sidang media di sini hari ini.

Zaini berkata, MAPEX Selangor 2024 menjanjikan pemandangan landskap di rantau ini daripada kondominium mewah sehingga pembangunan perumahan mampu milik yang direka dengan teliti.

“MAPEX Selangor 2024 akan menjadi tuan rumah kepada siri ceramah bagi menerangi pelbagai aspek industri termasuk trend pasaran termaju, strategi pelaburan dan amalan pembangunan mampan.

“Organisasi ini mempunyai keahlian sebanyak 1,022 ahli, membentuk cawangan terbesar dalam REHDA, yang mempunyai keahlian keseluruhan sebanyak 1,800,” katanya.

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Property Purchasing Guide https://realestate.xlc.my/property-purchasing-guide/ Wed, 16 Jun 2021 07:45:55 +0000 http://realestate.xlc.my/?p=422 Read More...]]> It is vital to take note of certain criteria before purchasing a property. Buying a property takes up an extensive time, planning, money, patience and sometimes lady luck is involved as well. Therefore, it should be decided wisely before making a decision.

Financial plan

Money matters are top of your priority list. Maintain a budget in mind for ideal properties that makes your heart skip a beat. It is crucial to take time to slowly list the amount of cash available for expenses like loan insurance, legal fees, monthly instalments and other related costs. Secondly, whip up a list of all your assets (income, savings, fix deposits, investments) and then give the two figures a comparation and roughly gauge how much you can spend on the new home.

Locality

Where is the property situated near? Are there schools, hospitals or even shopping centres nearby? You will definitely need the banks, the supermarkets and malls that you can go to on weekends to do your shopping.

Other than that, if you do not possess a car, do look out for public transportation to see if it is accessible around the property. Are the bus stops nearby, or do you have to walk a certain amount of distance?

Style of House

There are basically 2 types, the landed property and the non-landed property. Non-landed properties are primarily the flats, condominiums and apartments which are more captivating to the younger generations while Landed properties include semi-detached, bungalows and link houses that may cater to larger families. However, it all sums down to the type of home you prefer as well as the amount of income you have.

Interior of the House

It is important to examine the property externally as well as internally. The designs of the exterior and the interior, the size of the living room, how big the rooms are, how spacious the kitchen is, the types of floorings, the plumbing net works, etc. Private properties are usually furnished to a certain extend so make your way to the interior and slowly appreciate the designs and see if it’s to your liking.

It is best that you multiply your house-hunting options by attending project launches and open-houses organized by developers. Sign yourself up to mailing list for an update of future projects. From there, you can choose from the varieties of properties that suit you best. Purchasing and owning a house is a long-term investment, so It is crucial to plan before hand to enjoy a pleasant and good buy.

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Types of Property Ownership in Malaysia https://realestate.xlc.my/types-of-property-ownership-in-malaysia/ Mon, 07 Jun 2021 13:50:21 +0000 http://realestate.xlc.my/?p=419 Read More...]]> Knowing the types of Land Titles is an important thing to consider before buying a home. This is so, most of the problems related to the tenure, transfer period and loan eligibility often occur due to lack of concern for the ownership/holding of the property.

There are some land holdings that you need to know before buying a home.

1. Freehold

Freehold or freehold property refers to a permanent ownership interest. This property belongs to you forever and it is easily transferable from one individual to another. You do not need to get permission from an authority such as the state government to transfer ownership.

2. Leasehold

Leasehold or leasehold property refers to you leasing or renting the property from the government. Usually the lease term is 99 years. If the lease term of the property is reduced to like only 10 years left, then you can make a lease extension by paying the lease premium.

The lease will be renewed to maximize it to 99 years again. If you fail to renew it, it is impossible for your property to be taken back by the government. As for the transfer period, it takes quite a long time, less than 18 months or 18 months maximum. It all depends on the situation.

3. Malay Reserve

The land is reserved only for the Malays or called Bumi Lot. It does not matter if the property is freehold or leasehold , this property designated for sale in the indigenous Malays.

4. Ownership: Master , Strata or Individual Title

After approval is given to the developer to develop a piece of land, the land office will grant the master title or Master Title to the developer for the entire housing project.

Once the houses are handed over to the buyer, the developer will apply to the land office to transfer ownership of the property from Master Title to individual ownership. Most individually owned properties consist of landed houses such as Semi D houses and terraces. As for strata ownership, most of them consist of high rise houses such as condominiums and apartments.

If you buy a Master Title property , it will take a long time to be transferred by the developer due to the many procedures that need to be followed. It will be a problem for you during the sale of the house. But, if you buy an individually owned property, it is easier to sell.

That is one of the ownership or holding of real estate in Malaysia. Hopefully, with this brief information, it can guide you in choosing a suitable property and make things easier.

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Types Of Land In Malaysia https://realestate.xlc.my/types-of-land-in-malaysia/ Fri, 21 May 2021 16:05:00 +0000 http://sesame.realtyna.com/?p=88 There are all types of land with different zoning in Malaysia that you may need for your purpose. Remember, land is the most valuable investment which value will keep on appreciating no matter what factors surrounds it. What you exactly need to do is to use the right channel through the most reliable agents on real estate to guide and offer advisory on virtually all areas you may be required to comply before land acquisition. We offer proper guidelines in all the types of land we have available and you will never regret buying land for your own use with us. We do have qualified and knowledgeable personnel with a long time experience that is proven and mostly relied upon. Now we can discuss quite a number of types of land we have available in Penang Island and in Kuala Lumpur the Malaysia’s capital. These are the most valuable places in Malaysia where any sort of land use will have as many returns that will surprise you every day.

We are much more confident in the types of land we are awaiting for you such as the residential & general housing land. These are lands where you can build an awesome service apartment, townhouses, Penang-super-condominiums and luxury homes. We have noted that most people especially those with families prefer residential lands where they can construct terrace houses, semi-detached houses and single family stories. Apart from residential land, we have vacant land. In these we have three categories from our clients choose from depending on their genuine intent on the land. However, for any investment, an informed decision is highly recommended and is only generated by thorough checking on the status of the land on demand and is done at the Land Registrar or Land office.

Freehold land is a type of a vacant land and has a full life ownership. This basically means, if you happen to own any of these freehold lands, you will own anything that is in that particular land for an unlimited time. In leasehold land, land ownership expires upon expiry of the lease agreement between you and the owner of the land. We do not however, advise long-term investors to go for leasehold land. This type of land is most suitable for those doing short-term development whose returns can be acquired within the shortest time possible. Basically, the value of leasehold land depreciates as the lease agreement approaches expiry.

Land prices vary from one to another depending on very many reasons especially the purpose of the land. Though we have the most reasonable prices, we also make it clear to our clients what our lands are for. We have classified Bungalow land, Development land and agricultural land. We shall never mislead you on the purpose of the land and what it is mostly suitable for and that which is acceptable by the county council of Penang and the laws of Malaysia. Other valuable types of lands we have available are open land and seaside land. You may decide to construct a beach hotel on this land regarding that Malaysia is a tourist attraction site of most western & middle east countries. Others that interested clients are undeveloped lands and cheap lands. These are one of the most suitable lands for bringing up your land development idea. Basically, we cover all spheres of land development even though it might not have been mentioned here. We are just a call away from you. You can make enquiries from our experts at anytime of the day and make your dream come true.

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Different Types of Properties https://realestate.xlc.my/types-of-properties/ Wed, 19 May 2021 16:30:00 +0000 http://sesame.realtyna.com/?p=85

Whether as an investment or for own use, there are different types of properties and houses in Malaysia for buyers to choose from.

Property prices differ depending on the size, type, and location. Landed property, especially in the Klang Valley, costs more than units in a high-rise development. Traditionally, landed property in Malaysia usually comes with its individual (freehold or leasehold) title. However, due to the growing demand for gated-and-guarded communities, many new developments come with strata titles. This means that the common areas and facilities within the development are cared for by the Joint Management Body (JMB) or the Management Corporation (MC) and residents have to pay a monthly maintenance charge.

Not just that, it is also important to know and to understand the Housing Development Act (HDA), as well as the differences between a residential and a commercial title. Property buyers and owners need to be aware of the law that can protect their legal rights and interest. This is because HDA protects the buyers’ interest from future disputes between the developer and the property purchaser. On top of that, HDA will also fight on behalf of residents when the property is abandoned and help resolve conflicts between developers and buyers.

We take a look at the different types of properties and houses in Malaysia.

 

  1. Bungalow

The bungalows are the creams of the crop when it comes to landed property. The units are surrounded by land without an adjacent unit (standalone), offering privacy and luxury. The bungalows are most likely purchased by quite well-to-do owners for their use or those hoping for capital appreciation.

  • The typical built-up size for a bungalow varies from 2,000 sf – 12, 500 sf. Nevertheless, the built-up size can stretch, making it one of the biggest residential options.
  • The bungalow prices vary greatly depending on location and land area. Many townships offer ready-built bungalow units but in areas like Country Heights in Kajangand Tropicana in Petaling Jaya.
  • You will find that most of the bungalows are unique as each one is designed and built from scratch by owners on land sold by the developers.
  • The property is surrounded by a garden, parking area, and a large plot of land.

 

  1. Semi-Detached (Semi-D)

Semi-detached houses, or more commonly known as Semi-Ds, are identical houses that share a common wall with its neighbour.

  • The typical built-up size ranged from 2,300 sf – 5,600 sf
  • Semi-D houses have a strip of open land on one side, front and the back of the house. While not as luxurious or glamorous as a bungalow, the Semi-Ds still offers a degree of privacy and space.
  • This property type is protected by HDA due to its residential title.

 

  1. Terrace/ Link/ Superlink 

Terrace, Link and Superlink houses are units that are built side by side, thus sharing walls with units on both sides. They can be either one- or two-storey units. The corner lots of terrace houses usually have a bigger land area with open land on the side, giving it the feel of a semi-detached unit. These houses are practically the same but differ in sizes. These properties are protected by HDA due to their residential titles.

  • Terrace house
    • A terrace house has the smallest built-up size compared to the Link and Superlink houses.
    • The typical built-up size ranged from 750 sf  – 1,600 sf.
    • Terrace houses are ideal for first-time homebuyers or those looking to upgrade from highrise houses to a landed one as they often come with a lower price tag.
    • Those looking to rent out their homes should also consider terrace houses as tenants prefer a decent rental rate and easier maintenance of the property.
  • Link house
    • Link houses are bigger than terrace houses in terms of built-up, land area and proportions.
  • Superlink house
    • The Superlink house has the biggest built-up size.
    • It is also the fanciest and the most expensive version of a terrace house.
    • The unit usually comes with five to six bedrooms.
    • The typical built-up size ranged from 2, 083 sf – 2, 600 sf.

 

  1. Townhouse

Townhouses typically consist of two houses staggered within one-two- or three-storey buildings, looking like terrace houses from the outside. They are essentially an ultra-upmarket terrace house.

  • The typical size ranged from 560 sf – 7, 000 sf.
  • Some units share the same entrance and porch area while some have separate entrances, either at the front, back or side by side.
  • Layouts may also vary.
  • Some two-storey units are separated so that each owner has one level of space, while three-storey units could be partitioned so that each owner owns a floor and a half each.
  • In more matured areas like Bangsar or Sri Hartamas, you can find townhouses within a regular landed residential area, whereas in the newer developments townhouses are built within a gated and guarded community with landscaping and amenities like a clubhouse.
  • These units are ideal for families who want to live together, such as young families and their parents, while still having their own private spaces. The main disadvantage of townhouses is that you might end up with a neighbour you do not like.
  • This property type is protected by HDA due to its residential title.

 

  1. Penthouse

Penthouses are bigger units located on the top floor of condominiums or serviced residences. These units are often dubbed as a bungalow in the sky due to their spacy built-up sizes. Usually, it takes up the entire floor (or even two floors) of the building.

  • The typical built-up size ranged from 1, 000 sf to 5, 000 sf.
  • These units offer maximum luxury and space with breathtaking views – together with breathtaking prices due to the floor space.
  • Some units would even have their private swimming pools and private lift lobbies.
  • Some of the most expensive penthouses in Klang Valley is Tijani in Bukit Tunkuand Pavillion Damansara Heights.

 

  1. Condominium/ Serviced Residence

These home units are built within a high-rise building and all residents share the common areas like the lobby and swimming pool.  Each unit typically comes with a designated parking lot, with options to buy or rent more. Not just that, the property will be protected by the HDA if it falls under the residential title.

  • Condominium 
    • The typical size ranged from  650 sf – 1, 500 sf.
    • The layout of a condominium unit varies from three bedrooms to four bedrooms.
    • This type of dwelling is popular among homebuyers because of the round-the-clock security and amenities like swimming pool, gymnasium, children’s playground, and event spaces.
    • Residents are required to pay monthly maintenance fees, service charges and sinking funds.
    • Taller buildings may offer a better view but it also means that the property has a higher density (more units and occupants).
    • Residents can apply for a strata title.
  • Serviced residence
    • While condominiums usually come with the residential title, the serviced residences are upscale commercial units and managed like a hotel.
    • The residents are paying higher utility bills, rent, and maintenance fee since the properties are on commercial land.
    • These residential units are essentially fancier compared to condominiums.
    • The units are also fully furnished and are suitable for both short and long term rental.
    • The rental fee covers all facilities and amenities like housekeeping, main lobby, the front desk concierge and security.
    • Serviced residences are not eligible for Syabas water tariff migration programme.
    • Some serviced residences are attached to malls.

 

  1. Duplex/ Studio

These units are suitable for young individuals who enjoy complete privacy. Their proximity to the city and major transportation links makes them ideal for regular commuters. These properties also suit a single individual or couple as the layouts aren’t ideal for families.

  • Duplex
    • Duplex, also know as Loft is a double-storey unit within a highrise residential building
    • The single bedroom will be on the second floor.
    • The typical size ranged from 450 sf to 950 sf.
  • Studio
    • It is a single room residential unit.
    • The bedroom, kitchen and living room are spread over a single floor.
    • The design is usually an open layout.
    • These residential properties are often located in a central location.

 

  1. Apartment/ Flat

These properties are the lower spectrum of the highrise. Apartments are similar to condominiums but slightly less glamorous and without top amenities, while flats are the cheapest as the units are smaller in size compared to condominiums and apartments.

  • Apartment
    • They will still have basic facilities like parking spaces and 24-hour security.
    • Apartments make for good starter homes because of the lower prices. The maintenance fees and service charges will also be lower than that of condominiums.
    • Apartments located near LRTor along the MRT stations are good options for the rental market.
    • The typical build-up size ranged from 550 sf – 1, 200 sf.
  • Flat
    • Flats have very simple designs and often do not have balconies.
    • Taller buildings have elevators while there are also four- to five-storey buildings that only have stairs (which is not a bad option since flats in Malaysia are not always well maintained and elevators break down regularly).
    • Car parks in flats are usually not designated and often inadequate, resulting in cars double-parked within the compound and also along surrounding roads.
    • Most government-owned flats in Malaysia are meant for the lower-income group and buyers must meet certain requirements, usually a monthly household income of less than RM 2,500 if they want to apply to purchase the flats.
    • The People’s Housing Project (PPR, or Program Perumahan Rakyat) under the purview of the Ministry of Housing and Local Government cost between RM 30,000 and RM 35,000.
    • These units measure around 70o sf and typically consist of three-bedroom homes.

 

  1. SoHo/ SoVo/ SoFo

These highrise properties integrate offices into residential homes. The units are commonly located in commercial areas. The utility bills and charges are pricier as they are charged based on a commercial tariff.

  • SoHo
    • SoHo or small office home office is a one- or two-room unit within a strata building.
    • It can be used either as a home, an office or both.
    • Most SoHo also has typical condominium facilities like swimming pools and gyms.
    • The units comprise a living room, bedroom, and a fully-fitted bathroom.
    • The typical built-up size ranged from 500 sf – 1, 200 sf.
    • SoHo is protected by the HDA as it fits the definition of a housing accommodation.
    • The owners are also entitled to the RPGT
  • SoVo
    • It stands for small office versatile office
    • SoVo units are usually equipped with business facilities.
    • The units are usually favoured by start-up companies.
    • SoVo’s layout is similar to SoFo but it can only be used for commercial purposes.
    • It falls under the commercial title and is not protected by the HDA jurisdiction.
    • The size is ranged from 400 sf – 800 sf.
  • SoFo
    • It stands for small office flexible office.
    • The units offer flexibility as the layout does not have partitions.
    • The owners or tenants can modify the units according to their preferences.
    • It can be used as an office, home or both.
    • It falls under the commercial title and is not protected by the HDA jurisdiction.

 

  1. Shophouse

Shophouses are single units of two- or three-storey shops within a commercial area. The ground floor units are often used as restaurants, banks or retail outlets. The upper floors are sometimes used as residential homes, usually by the owners of the businesses downstairs or as dormitories for their workers. Shophouses in busy areas like Bangsar or SS2 in Petaling Jaya can command higher rents. This property usually carries a commercial title and is not protected by the HDA jurisdiction.

 

  1. Mixed Development 

A mixed development integrates residential and commercial purposes under one roof. The building consists of residential units, business area, and office spaces.

  • The typical mix places residential units on the upper levels and retail or offices at lower and street levels.
  • Some mixed developments are connected to an underground train station or via a walkway.
  • This concept has already mushroomed across the Klang Valley and Selangor area.  The KL Gateway and Solaris Dutamas are some examples of mixed development.
  • The mixed development often falls under the commercial title thus it is beyond the HDA jurisdiction.

With so many options to choose from, a lot of factors come into play when deciding on the type of property to buy. If it is your stay, location and size would be the main concerns. If it is for rental, the main consideration would be the rental returns.

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