Knowing the Recent Property Auction Trends in the Klang Valley
The Klang Valley is arguable the most active property market in Malaysia, with many units changing hands daily. Residential, commercial and even industrial lots are being traded constantly, which is why the real estate field is considered a prosperous income generator for many people including property investors, owners, entrepreneurs, developers and the like.
One sector of the real estate business is of course auction properties. Properties go to the auction block for many reasons, mostly due to the buyer’s failure to settle a loan repayment or a failed mortgage. In the past several years, there has been a trend in the number of auction properties available in the Klang Valley, which includes Kuala Lumpur and all the areas in the state of Selangor.
Selangor, being the larger region, has about 5 times more auction listings compared to KL, with the highest number recorded in 2013, which is a total 17,745 units. This number fell consistently over the next three years and there was only 11,142 auction units recorded in Selangor for 2016. In Kuala Lumpur, however, it was the opposite, with the highest number of auctions recorded in 2016, which is 2203 units and the numbers were lower in 2013, with only 1884 auction properties recorded. The lowest number of auction properties in KL was recorded in 2015, where only 1789 units were recorded.
In Selangor, Rawang consistently recorded the highest number of auctioned properties from 2013-2015. In 2016, Petaling Jaya had the highest number of auctions, with 1,398 units recorded. All in all, the five regions in Selangor with the highest numbers of auctions from 2013-2016 were Rawang, Petaling Jaya, Shah Alam, Kajang and Puchong. On the other hand, the five regions with the least amount of auctions were Gombak, Puncak Alam, Subang Jaya, Kepong and Damansara Damai.
In Kuala Lumpur, Batu Caves recorded the highest number of auction properties from 2013 to 2016. In fact, the numbers are so high that it is at least 4 times higher than the next region, which is Setapak. Batu Caves had more than 400 units put up for auction for all four years, with the highest number recorded in 2013, which were 488 units. The lowest number of auctions in KL can be found in Sri Petaling, which recorded a peak number in 2014 with only 18 units. Apart from Batu Caves, Setapak and Sri Petaling, there are two more regions in KL that had properties auctioned off, and these are Tun Razak and Mont Kiara.
In General, the number of properties for auction in KL was quite stable, between the range of 1700 to 2200 units, which is a fluctuation of about 500 units throughout the four years. In Selangor however, the trend shows a steady decline in auction properties throughout the four years. From 17,745 auction properties in 2013, the numbers dwindled to only 11,142 units in 2016.
Only two regions in Selangor saw a slight increase of the number of auction properties, which is Subang Jaya and Gombak. Subang Jaya saw a hike from 181 units in 2013 to 242 in 2016, whereas Gombak’s numbers rose from 126 to 139 in the same period. The rest of the thirteen regions in Selangor saw decreasing auction numbers, with the most drastic decrease seen in Rawang, from 2,733 units to 1,319.
Pundits credit the falling numbers of auction to the slowing down of the property market, but notice that although the numbers have come down, more premiums, high end and luxury units are being auctioned off as compared to before.
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KL Remains Top Choice For Commercial Investment, Development
KUALA LUMPUR: Kuala Lumpur remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) and Sabah (11 per cent), said Knight Frank Malaysia.
In a statement today, the global property consultancy said, according to its Malaysia Commercial Real Estate Investment Sentiment Survey 2017, the respondents' interests in the capital city had waned marginally for the year ahead.
"More respondents are looking to diversify their investments to popular regions such as Penang, Johor and Sabah," it said.
Its managing director Sarkunan Subramaniam said the survey predicted the commercial real estate outlook based on sentiments of industry players.
"Both office and retail markets will continue to be under pressure with rental and occupancy due to oversupply.
"The logistic/industrial sub-sector is set to gather pace in 2017 with the growth of e-commerce driving the demand for logistic/industrial space," he said.
Sarkunan said despite the challenging operating environment, the respondents were interested to explore investment opportunities in various regions.
Sabah and Penang were voted as the highly-attractive regions for hotel/leisure investment, likely attributed to their strong tourism market, he said.
The survey said that there will be an increase in interest in the healthcare/institutional sub-sector among developers in 2017 and 11 per cent more appeared to be more interested as compared to 2016.
The Malaysia Commercial Real Estate Investment Sentiment Survey 2017 was conducted using an e-survey mechanism distributed throughout Knight Frank's vast database with key players in the local commercial sector.
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House-Buying Tips Do Some Research First
KUALA LUMPUR: THERE are many alternative investments besides stocks and bonds to help you achieve financial freedom when you retire.
If you are into properties, you can either invest in a real estate trust or buy a house and become a landlord by renting it out and selling it for a profit in the future. But buying a house can be difficult when you have little or no knowledge about the property market.
Many people, especially first-time buyers, make the mistake of buying a house immediately after walking into a sales gallery and listening to the sales person talk.
A buyer’s decision-making cannot be based only on what the sales person is saying.
Knight Frank Malaysia senior manager of international project marketing Dominic Heaton-Watson suggests doing a bit of research first before signing the sale-and-purchase agreement.
Five things to pay attention to before buying a property
for investment
• Research the location
Look at the transport connectivity and proximity to the central business district, and education and shopping centres. Will this become better in the future?
• Research the market
Ask who the target audience will be; what level of supply and demand is there? Understand the trends both now and in the future.
• Research the developer
Look for reputable track record in delivery and specifications/finishes.
• Research the product
Learn what finishes and amenities are expected and/or should be provided.
• Seek expert advice
Get the best of both worlds - seek global advisers with local expertise - not just on price, but also on how best to furnish, let and manage your investment professionally. Trust and confidence in your adviser will help settle any question/service you may need.
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委任房产经纪代劳还是亲自处理最好？
很多投资者都会问，若自己想要竞购法庭拍卖的房子，应自己还是通过房产经纪代为处理所有过程比较好？究竟房产经纪提供的服务包括什么？他们的收费又是如何计算的？
在这里，想提醒投资者的是，当你想要委任房产经纪，一定要委任你熟悉的房产经纪，并与他一起出席有关的拍卖活动，从中学习拍卖程序。这样一来，你可以避免很多不必要的欺骗事件，更可以让自己增加有关拍卖的知识。
若你委任一位房产经纪为你代劳还是拥有好处的，那就是，该房产经纪将会亲自向你说明和提供有关银行是否愿意承担前业主拖欠发展商的管理费，门牌税，地税，服务费，维修费，其他费用和有关拖欠的数额。这样一来，你可以省却了大量的时间和精力来处理这些细节。惟，有关侦察费用都没有标准的收费的制度。
但如果你准备自己出席拍卖会，投标有关拍卖产业，那么你应在投标之前，多出席拍卖行的拍卖活动，以了解更多有关拍卖产业活动如何进行，更可从中观察拍卖产业的活动程序。通过这样的方式，当你自己出席竞标会时，还是拥有一定的程序基础，不至于现场出丑。
最重要的是，身为竞标者的你，应在购买银行拍卖产业前做足功课，清楚了解所有有关房产的资料，这样才能减低不必要的风险，更不会因为受到拍卖会的气氛而影响情绪。
最后，还是想要提醒投资者，无论你是从那个管道购买银行拍卖房产都好，一定要多留意拍卖文件的所有条约，这样一来，你才不会陷入不必要的风险窘境中。
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Buying Your Next Property
YOU have secured your first home and are living comfortably there but you're probably thinking about buying a second property for investment. After all, putting your money in real estate is one of the safest and best forms of investment.
"Property is one of the best investment options because it has many merits," Malaysian Institute of Estate Agents Vice President Lim Boon Ping tells TheEdgeProperty.com. Not only is it a stable investment, investing in property and hedge against inflation.
Besides a 4% to 5% average capital appreciation over the long term and offset inflation in Malaysia, which is about 4%.
On the other hand, buying a property involves a large amount of cash so if you want to buy a second property, you may become tight on cash with limited liquidity.
So how do we deal with the issue of financing? Similar to when you bought your first home, one could go the usual route of getting a mortgage.
"LTV (loan-to-value ratio) from banks," CEO and co-founder of SkyBridge International Adrian A shares.
He urges buyers to always maintain a good credit profile as it is crucial in the process of obtaining loans. "If you want to have a good credit, you will have to pay for the loan."
Refinance your first property
Meanwhile, you could try to refinance your existing property or properties, he suggests. What could be saved from the refinancing, could be used to finance the second or third property.
"However, it is best to do the refinancing early as the process may not be easy and may take some time," he advises.
If the bank takes over the expected refinancing process, investors may not get their money in time, resulting in the new property purchase falling through.
One also reminds investors of Bank Negara Malaysia's (BNM) guidelines since 2013, whereby any cash-out from mortgage refinancing would be capped at ten years' tenure.
"The borrower will have to pay higher monthly installments as the loan repayment period is shortened to 10 years. So, they should assess their financial status before refinancing, "warns One.
For those buying their third property and above, since 2010, BNM has implemented a maximum LTV ratio of 70% on the third mortgage.
Housing loans for the first and second units, on the other hand, are not affected, and the present prevailing LTV levels by individual banks apply, based on their internal credit policies.
The regulation has limited the purchasing power of third property homebuyers, but a dream come up with some other options.
LTV ratio under a guarantor scheme, an explains, but declines to reveal the name of the bank.
"For example, a buyer can ask his or her spouse, who has a lower income and no mortgage to his or her name, to come in as a guarantor for the new mortgage. The bank may then approve the loan with a LTV ratio higher than 70%, "a discloses.
Joint purchase
Another option is BNM's rule. One could also refinance existing properties to the spouse's name before applying for a new mortgage under a company.
Meanwhile, VKA Wealth Planners Head of Financial Planning Lawrence Seow reminds investors to assess their financial status and have a proper financial plan.
"When people buy their second and third properties for investment, they usually forget that they are getting more loans, which will increase their financial burden," he says.
He does not recommend group purchasing as it is risky and could get complicated.
"I have my reservations on property group purchasing schemes. The members in the group have different financial standings and expectations on investment returns. Moreover, if one of the group members passes away, it will affect the whole plan, "he explains.
Be prepared with a back-up plan
In the current slowdown, there could be many investment opportunities, but people in the industry usually "will have the first bite", a points out.
"If someone from the 'outside' wants to have a taste, they should get connected with agents and ask them to look for great deals in the market, but they have to be very specific about the price and location," he adds.
However, buyers who plan to buy their second and third properties for investment must prepare back-ups in order to deal with unexpected events, he counsels.
"If the property can not secure you, you must have an alternative or a back-up plan. You should also have enough income that could sustain you for at least six to 12 months. "
Location
Meanwhile, Lim reminds buyers the main factors to consider when buying a property for investment.
"The first factor is location. Buyers should study the community, amenities and developments near the property.
"Second, assess the need to lease out the house.
"Then, look at the potential rental yield and pricing of the property. If you are looking for a great place to stay, then this is the place for you.
"Finally, keep an eye on the property management if you're buying a strata property because a bad management will cause the value of the property to decline, and vice versa."
While buying properties within a well-planned development sounds like the right choice, investors need to be aware of the costs involved, Seow Warns.
"Investors may have to fork out some money for renovation and furnishing before gaining rental returns. These are expenses that should not be ignored. "
One of the biggest mistakes we've ever made. "There are many things that need to be considered, including monthly installments, MRTA and the overnight policy rate," says Seow.
Lim says investors should ensure they have enough ownership to deal with situations when there are no buyers or tenants for their property.
"Also, investors should invest in MRTA or MLTA (mortgage level term insurance), especially when buying residential properties, to prevent them from becoming unfit for their circumstances in the case of unforeseen circumstances.
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Bandar
Puncak Alam - Best Neighborhoods for Families. Quiet Stay, Convenience &
Nearby Amenities
No. 29, Jalan Alam Suria 16/54, Seksyen 16, Bandar Puncak Alam, 42300 Kuala Selangor, Selangor
Auction is coming soon on 28-Feb-2017 (Tuesday). 2 Storey Cluster Semi Detached House built up with 1765 sq.ft. Auction price is RM 284,400.00. Deposit just need to pay 10% of the reserve price only. Don’t miss this opportunity to get this property.
Nearby Best Food:
**BROS Food Station
Wow, big size food here. Very delicious western food. Good place for family get together and friend gathering for dining. Distance just 8 minutes from the property.
**KP Choco House Muslim Self service Bakery
& Café
They have many types of cake and western food. You can having your tea time with your friend here. Distance just 3.4KM, driving 7 minutes can reach there.
Schools & College
** SJK (T) Ladang Bukit Ijok (12 min) (5 km)
** Sekolah Agama Rakyat Puncak Alam 2 (9 min) (3.4 km)
** Sekolah Kebangsaan Puncak Alam 2 (8 min) (4 km)
** Sekolah Kebangsaan Puncak Alam 3 (8 min) (3.7 km)
**UiTM Selangor, Kampus Puncak Alam
The first campus that were built in Puncak Alam. Making the place known in Malaysia. UiTM Puncak Alam still preserve the green and fresh environment and this makes student feel very energetic and cheerful everyday! Distance 17 minutes can reach to the campus.
More details about the property, click here.
You may check out other auction properties that you may be interested on this area:
- Lorong Naluri Sukma 8/18, Seksyen 8, 42300 Bandar Puncak Alam, Selangor
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50% Rebate on PLUS Highway Tolls for CNY Travel
KUALA LUMPUR, 18 Jan 2017:
Class 1 vehicle users who pay the toll electronically will be able to enjoy 50% toll discount when travelling along the PLUS highways during the Chinese New Year festive season.
PLUS managing director Datuk Azman Ismail said the rebate would be offered to road users travelling along the North-South and North-South Central Link (ELITE) Highways on Jan 27 and 30 as well as on Feb 3 and 4.
The rebate will be offered to those travelling from midnight to 6am on the dates mentioned.
“With the rebate it is hoped that by the next morning traffic congestion will be reduced along the two PLUS highways as the number of vehicles on these highways is expected to increase from the normal 1.4 million to 1.6 million.”
On these dates, he said electronic payment system users would still be required to pay tolls as usual – the rebate would be credited to their respective Touch ‘n Go or PLUSMiles cards when they reload their cards within a four-month period or from Feb 15 to May 14 at the customer service centres along the PLUS highways.
“We hope with this strategy travellers will plan their journey during the night as this will indirectly help ease traffic during peak hours.”
In addition, Azman said PLUS had also released a Travel Time Advisory (TTA) for the highways, especially for travel between Jan 26 to 31 and Feb 4 and 5.
“We advise the public to abide by the TTA because based on studies the TTA had helped ease traffic congestion.”
In addition PLUS would also deploy 2,130 staff at the toll plazas, increase the number of patrols, mobilise emergency responders and provide additional tow trucks at selected locations.
For updates and more information follow PLUSTrafik on Twitter, download PLUS Mobile Apps application or contact PLUSLine at 1800-88-0000.
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Hong Kong
"mini" flats boom as govt fails to rein in record-high prices
HONG KONG: For part-time furniture mover Kong Ngai-lam, 26, home is the bottom half of a bunk bed inside a tiny room that fits little else. Nearly 200,000 Hong Kong residents like him call a wire cage or bed in partitioned apartments their home.
Making housing more affordable was among outgoing Hong Kong leader Leung Chun-ying's top priorities when he took office in 2012, but his administration has been unable to rein in skyrocketing prices that have added to discontent in the city.
"Over the past four years, despite a number of measures by the current-term government which has successfully curbed external, investment and speculative demands, the difficulty in achieving home ownership remains an unresolved problem," Leung said in his swansong policy address on Wednesday.
High property prices and rents posed "the gravest potential hazard to the Hong Kong community as many families have no choice but to live in subdivided units, even in industrial buildings," Leung added.
Property prices have surged nearly 50 percent to historic highs since he took office, according to government data, and tiny living spaces have become increasingly common.
About 100,000 people under the age of 35, including children, make up half of those occupying such partitioned units, a government report showed. Non-government organisations say the real numbers are higher.
These units, measuring half the size of a standard carpark space at an average of 62.4 square feet (5.8 square meters), are getting more expensive too.
Median rents surged 10.5 percent to HK$4,200 ($520) in 2015, official data showed. The figure is greater than the 8.4 percent rent increase in private homes over the same period.
Kong now pays $250 monthly rent for his bed space in the cluttered apartment shared with 10 others. A handwritten note warns of eviction if rental payment is late: "We are not the Salvation Army," it says.
There are no legal guidelines in Hong Kong restricting how small apartments can be, nor any on rent control.
"The biggest issue in Hong Kong is we don't have any legal restrictions, so the landlords can do whatever they want," said Kong's social worker and community organiser at the Society for Community Organization, Sze Lai-shan.
MOSQUITO-SIZED FLATS
"Mini flats" or "mosquito flats" are a growing trend as developers target first-time buyers who have given up hope of ever owning a decent-sized home.
Emperor International Holdings will build flats as small as 61.4 square feet (5.7 square metres), though the measurements exclude kitchen and bathroom; Chun Wo Development Holdings has plans for a residential building catering to young first-time buyers with 128 square feet (11.9 square metres) units.
"Hong Kong's real estate has gone so expensive, that's why (developers) are making flats smaller and smaller to make them affordable," said Edina Wong, senior director of residential services at property consultancy Savills.
Hong Kong's richest man Li Ka-shing recently said the trend made him feel "uneasy", even though a residential complex built by his Cheung Kong Property Holdings offers flats smaller than 200 square feet (18.6 square meters). One unit in September sold for HK$2.8 million ($360,000).
Thomas Lam, senior director at Knight Frank, expects small flats to remain popular in the short run as long as prices remain high and tightening measures such as higher stamp duties stay in place.
But a mini apartment is not for everyone.
Freya Tseng, 27, who advises her family on property investments, has stayed away from mini flats.
"If you buy it for yourself, the quality of life will be too low and you won't be happy living there. If you buy it for investment purposes, it doesn't have any reserve value," Tseng said. "It's a joke." - Reuters
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如何避免风险高的拍卖产业？
看了拍卖资讯后，加上发现有些产业价格确实比市价来得便宜且地点非常理想，很多投资者并开始对投资拍卖产业深感兴趣。作为投资者，大家都很想了解，究竟是否有办法可以避免购买到这种有风险的房产？但倘若真的不幸购买到这种房产，应该如何转售出去呢？
其实，无论你是从什么方式购得房产，都存在一定的风险，只是取决于你的运气。若你真的想要购买银行拍卖产业，那么你可以选择在购买前，与相关房产的邻居或管理公司闲谈。通过闲谈的过程，你可以探听到一些有关空置房产的消息和情况，如该房产已空置多久，前屋主或住客的背景。
但若你准备了解拍卖产业活动如何进行，那么你最好是先出席酒店或拍卖行的拍卖活动，再从这些拍卖活动中观察有关拍卖产业活动的进行程序，这样一来，你可以避免很多不必要的烦人过程，更不会因为对活动过程一窍不通而感到受骗。
相信很多人都不晓得，有些银行拍卖产业可能空置了一段时间，但有些还是拥有业主居住的房产单位。若你真的有意投标有关单位，那么你可在该房产空置的情况下，通过窗口或其他管道了解屋内的状况；但若该房产仍属于有业主的情况下，那么你只能在房产的外面观看，无法入屋检查和观看，为此，你要做好心理准备，有时该房产的状况未必让你感到满意。
如果身为投资者的你真的不幸购买到那些有风险的房产的话，那么你可以在购买后，耐心等待一段时间，然后才重新翻新该房产，再以可以接受的售价专卖或出租有关房产。这样一来，你根本无需担心你的投资让你倒亏的情况。
身为投资者，你一定要记得，无论在什么情况下，房地产永远是最保值和对抗通货膨胀的最佳方法，为此，无论是购买什么类型的产业，你的产业都不会导致你面对亏本的状态。
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一马房屋放宽购买条件 收入1万提高至1万5000
（布城17日讯）首相纳吉宣布，一马房屋购屋者的家庭每月收入从原有的1万令吉提高至1万5000令吉。
同时，一马房屋可转售的期限，从10年减至5年，意味购买一马房屋後，可在5年後转售。
纳吉今早在吉打双溪大年一马房屋移交钥匙仪式，对外宣布放宽一马房屋购买条件的消息。
纳吉说，国阵政府领导下，全国各地将兴建50万间一马房屋，以便满足人民拥有房子的梦想。
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年轻屋主供不起 每日120屋被拍卖
（吉隆坡12日讯）属于国家经济发展火车头的吉隆坡，房屋发展计划不断，惟经济不景气、隆市屋价高企，加上房屋头期优惠让不少年轻屋主购屋后，又无法承担沉重的房贷压力，导致隆雪许多第一手房屋沦为拍卖屋，其中隆市的拍卖屋数量近一年更有上升趋势，从2015年的1789间增至去年的2203间！
根据Lelongtips.com.my的统计数据显示，从2004年开始至今，全国有逾36万间房屋被拍卖，每月有至少2500间，即每日平均约有120间房屋被拍卖，其中又以非有地產业佔多数，如服务公寓、公寓或组屋单位。
Lelongtips营运经理陈碧雯接受《东方日报》访问时表示，相较于2015年，隆市去年的拍卖屋数量有增加的趋势。
「隆市拍卖屋数量增加，原因不外乎包括经济不景气、隆市屋价太高及年轻屋主无法偿还房贷等；隆市的房价相对其他地方来得高，如一间位于旺区的公寓单位价格，动輒都需80万令吉或以上。」
如今隆市也有许多新房屋发展计划，推出免头期或低头期优惠，吸引年轻人购买，但问题在于年轻人无法承担房贷，导致从去年开始隆雪拍卖屋中有约70%的屋主是80后的青年。」
拍卖屋比市价低
「根据以往的经验，拍卖屋主要以二手、三手或四手的屋子为多，但现在却开始出现拍卖第一手屋的情况，包括在赛城和蕉赖等，甚至是有拍卖屋完成拍卖后，因无法偿还房贷而再重新拍卖房屋。」
另外，询及拍卖屋是否会比其他房屋更受欢迎一事，陈碧雯表示，一般上购屋者或投资者会倾向于购买拍卖屋，毕竟拍卖屋价格是比市场价格来的低，尤其是介于50万令吉以下的拍卖屋更受购屋者的欢迎。
「儘管购屋者无法进入拍卖屋巡视屋內情况，惟仍有购屋者会选择购买拍卖屋。」
针对拍卖屋的价格行情，她说，有些银行不会再根据原本的屋价转售房屋，而是依据最新房价，再减少20至30%来擬定拍卖价格。例如，Mentari Court高楼某住家单位原本的市价是25万令吉，变成拍卖价后则下滑至17万8000令吉。 「国家经济不景气的情况下，只要有越多的房屋发展计划，拍卖屋也会隨之增加，相信今年全马的拍卖屋数额也会增加。」
雪州去年拍卖逾万房屋
儘管雪州2016年的拍卖屋数量比2015年减少，但是雪州在去年的拍卖屋数量依然达到1万1142间。
而雪州拍卖屋，其中又以八打灵再也、莎阿南和万挠的拍卖屋数量最多。
Lelongtips营运经理陈碧雯指出，雪州在2015年有1万2029间拍卖屋。
取消拍卖案例多
「但去年则减少至1万1142间，因为雪州的房价比起隆市低，且还可在许多地区，如万挠找到30万的房屋，导致很多房屋已经被投资者购买。」
她说，此外，相较之下，雪州取消拍卖屋子的案例也很多，那是因为屋主在收到拍卖信函时，就想办法解决欠款。
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无人竞标时，拍卖产业底价将调低
近来，有些对拍卖产业不是很了解的投资者发现，一些拍卖房产的价格比邻近类似的房产售价低很多，有的甚至会低20%，不禁担心当中是否有潜在风险存在着。
其实，在价格方面，投资者并无需感到担心，因为，所有拍卖产业在首次被金融金钩安排销售之前，银行都会依据估价师的预估价，然后再以现有和最接近市价的价格为相关房产设定拍卖底价，以保障银行和有关贷款者的利益。
会有低20%状况的出现，这是因为若有关房产在首次的拍卖会上没能成功吸引到投标者，那么银行在未来的拍卖会上，会将之前一次的拍卖产业低价调低10%。而在第二次，仍然无人投票，银行就会再把之前拍卖产业的价格再调低10%。
若是到了第三或第四次的拍卖会，该产业还是无人问津，无人投标，那么有些银行就有可能会为相关产业进行重新的估价，以设定拍卖的低价，再等时机成熟时，重新拍卖有关产业，惟这全取决于个别银行的政策而定。
相信很多投资者都晓得，有关拍卖产业无法成功出售，有时可能是因为有意投标者因某些原因而与拍卖日期插身而过，又或者是那些投标者再等待下一轮产业底价下降时才去竞标，以从中获得更多的利润。
总归，无论你是通过任何渠道购买房产都好，如购买全新的房产，二手房产或拍卖房产，你都有可能会面对种种预测不到的问题和风险，有其是对首次购买房产者而言。
为此，在这里想要提醒所有有意投资或购买拍卖产业者，若你决定购买有关房产时，一定要多留意拍卖文件的所有条约，如银行是否承担前业主拖欠发展商的服务费，管理费，地税，门牌税，维修费等。若条约内注明银行将不承担及支付相关的拖欠费用，那么你应该先向有关机构了解拖欠的数额，再做出决定你是否要购买。
另外，在购买拍卖房产前，最好先向你的银行询问，了解及清楚知道以自己现有的收入，还可以申请多少贷款额来购买相关的产业，以避免在投标过程中，投标的费用超过银行所允许的贷款预算，这样的话，你将有足够的时间为自己的金融做出正确的衡量，不至于面对入不敷支的窘境。
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银行以大众利益为主 无法承担所有拍卖产业的债务
槟城消费人协会（CAP）在不久前，要求联邦政府制定全新的法令来管辖拍卖市场，以取代过时的殖民地时代法令。另外他们也要求银行承担拍卖房产所有“未偿还的债务”。但看完这篇文章后，很多人都会发出疑问说，可能性大吗？有可能吗？
根据了解，其实，一直以来，法庭都有不断地修改拍卖合约以保障和提供一个公正的拍卖的市场，因为在拍卖市场上，法庭不仅要以拍卖购买者、银行、贷款者的利益来做考量部分，还需顾虑到所有银行储户和股东的利益。这样才能让各方面都处于一个公平的平衡点上。
若你是某间银行的储户或是股东，当你们看到每一项债务都要银行来承担时，你们都会感到不安及担心投资的回报是否会受影响。但其实，一些银行是有承担拍卖房产所有“未偿还的债务”，惟是按照不同按例和情况来考量，虽然如此，但小编希望大众不要误会银行或法庭，因为他们纯粹是以大众的利益为先。
所以在通过这篇文章，希望拍卖购买者在决定是否购买金融拍卖房产钱，最好先留意拍卖文件的所有条约，如金融机构是否承担前业主拖欠发展商的服务费、管理费、维修费、门派谁、地税和其他费用。
若相关的金融机构并不愿意支付这些拖欠的费用，唯一可以给予的建议就是，身为买家的你必须先了解所有业主拖欠的款项，再考虑自己是否拥有足够的能力参与竞标！
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The New Bankruptcy Bill: The 10 Changes to Bankruptcy Law in Malaysia
On 21 November 2016, the new Bankruptcy (Amendment) Bill 2016 was tabled in Parliament for its First Reading.
The new Bankruptcy Bill will bring about significant changes to Malaysia’s bankruptcy laws. This comes against a backdrop of rising bankruptcy cases, especially for individuals under the age of 35. I set out below the 10 major changes to be ushered in under the Bankruptcy Bill. In summary, it can be seen that the new Bankruptcy Bill is more borrower-friendly and will make it more difficult for creditors to commence and maintain bankruptcy proceedings.
(1) A Change of Name: Bankruptcy Act 1967 to the Insolvency Act 1967
The Bankruptcy Act 1967 will be renamed to the Insolvency Act 1967. Hence, when the new Act comes into force, any written law or document shall be construed as referring to the Insolvency Act 1967 instead.
The use of the term insolvency may cause some slight confusion in future. The Companies Act 2016 uses the term insolvency practitioner to describe a liquidator of a company while there will now be a reference to the Insolvency Act 1967 for the bankruptcy of individuals.
(2) Introduction of the Rescue Mechanism: Voluntary Arrangement
There is a new pre-bankruptcy rescue mechanism called the voluntary arrangement. The salient elements are:
- The individual, ie. the debtor, will appoint a nominee. The nominee is meant to act as independent professional to oversee and supervise the voluntary arrangement.
- The nominee can be a chartered accountant, an advocate and solicitor, or such other person to be determined by the Minister.
- The debtor then files a court application for an interim order for voluntary arrangement. The interim order will only last for 90 days and cannot be extended.
- The interim order will grant protection: no bankruptcy petition and no legal proceedings against the debtor except with permission from the court.
Within the 90-day interim order period, the nominee will hold a meeting of the creditors to try to secure their approval for the voluntary arrangement. The voluntary arrangement is essentially where the creditors agree to compromise or discount the debts owing to them.
The nominee needs to secure more than 50% in number and at least 75% in value of the creditors’ agreement. However, the secured creditors’ rights cannot be affected without their consent. If the approval is obtained, it will then be binding on all the creditors.
(3) Stricter Requirements for Service of Bankruptcy Papers
The bankruptcy notice must be personally served. Further, substituted service is possible but there are now stricter requirements. The creditor must prove to the satisfaction of the court that the debtor has:
- The intention to defeat, delay or evade personal service; and
- Leaves or stays away from Malaysia, or absents himself from his home or place of business.
(4) Higher Threshold for Bankruptcy: RM50,000.00 instead of RM30,000.00
The threshold for the debt for bankruptcy proceedings has now been increased to RM50,000.00 from the present RM30,000.00.
(5) Single Bankruptcy Order
The present law has a sometimes confusing reference to the adjudication order and the receiving order. This will now be simplified to a single unified order called the bankruptcy order.
(6) Social Guarantor: No Bankruptcy
A social guarantor is a person who does not profit and essentially provides a guarantee for an education loan, hire-purchase transaction for personal or non-business use, or a housing loan for personal dwelling.
The present Bankruptcy Act 1967 allows for bankruptcy proceedings against a social guarantor if the creditor had exhausted all avenues to recover from the debtor.
The law will change where there will now be an absolute prohibition in commencing any bankruptcy action against a social guarantor.
(7) Other Guarantors
There is also added protection for other types of guarantors. A creditor will need to obtain permission from the court before commencing bankruptcy proceedings against other guarantors. The creditor would have to demonstrate he has exhausted all modes of execution and enforcement to recover from the debtor first.
(8) New List of Bankrupts to be Allowed Discharge
The following list of individuals will also be afforded protection where creditors cannot object to the discharge of bankruptcy. The individuals are a social guarantor, a bankrupt with a disability under the Persons with Disabilities Act 2008, a deceased bankrupt, and a bankrupt suffering from a serious illness.
(9) Automatic Discharge
There is also a new provision allowing for an automatic discharge of the bankruptcy after three years from submitting his statement of affairs and subject to achieving the target contribution set by the Director General of Insolvency (DGI) and having rendered an account of monies and property to the DGI. The creditors can object to the automatic discharge but there are only limited specified grounds they can raise.
(10) A New Insolvency Assistance Fund
There will be the establishment of the Insolvency Assistance Fund. It will be administered and controlled by the DGI for the purposes of achieving the betterment of the administration and proceedings relating to bankruptcy.
With the tabling of Budget 2017 just a week away, Putrajaya is in talks with the Employees Provident Fund (EPF) to raise Account 2 contributions from 30% to 40% to aid first-time homebuyers.
The Finance Ministry, the government department spearheading the proposal, said the raise is aimed at those buying affordable homes. EPF however said it has yet to commit to the proposal and would continue exploring options with the ministry.
If the ceiling to withdraw money from Account 2 is raised, it empowers members to pursue their purchase of a home and experience better cash flow as less money is spent on the loan.
In theory, the ten-point increase puts more cash in members’ hands but that means eating into their retirement fund.
So is the withdrawal increase to 40% a good idea?
EPF withdrawals for housing on the rise
Malaysians have been falling back on their EPF savings for many major financial decisions, such as buying a home. EPF revealed that 1.8 million members withdrew nearly RM6 billion in savings from Account 2 in 2015 to purchase their first home, second house and to service their monthly mortgage to pay off their home loans.
According to its data, members were increasingly reliant on EPF savings to help purchase either their first or second property, with an average of 6.8% a year in the past five years from 2010, when 1.4 million members withdrew RM4.3 billion.
The RM5.98 billion in withdrawals last year to buy houses made up 13.6% of the RM44 billion withdrawn by 3.3 million EPF members. Withdrawals to buy homes made up 13.6% to 16.4% of total annual withdrawals between 2010 and 2015.
How it works
EPF allows its member to make withdrawal from their EPF Account 2 for the following reasons:
Here’s the difference increasing your Account 2 to 40% of savings would make to your purchase:
Assuming you started working at age 22 with a starting salary of RM2,500 and an average increment of 5% annually. You have been contributing 11% of your income, while your employer has been contributing 13% monthly. At 35 years old, you would like to withdraw from your Account 2 to purchase a home.
*Calculation of amount needed is based on the following formula: 10% property price for down payment + 10% property price for miscellaneous costs
**Amount that can be withdrawn is based on the lower of the amount between Eligible Amount and Balance in Account 2.
However, even with the rising withdrawals from EPF, many Malaysians may still be unable to purchase their first home. This is because Malaysia’s housing is considered to be “severely unaffordable” in a report by Khazanah Research Institute (KRI).Based on the comparison above, a property buyer will be able to cover more of the upfront cost of buying a property with a bigger fund in Account 2.
This brings us to the next point…
Does it make housing affordable?
The World Bank defines affordable homes as those priced at three times the annual median household income or less. With half of Malaysians earning RM4,585 a month, house prices need to be below RM165,060.
According to the Bank Negara Malaysia, only 21% of new housing launches in Malaysia were priced below RM250,000 in 2014. In contrast, data points to an oversupply of higher-end properties priced above RM500,000 (36% of total new launches).
As for wages, the Minimum Wages Order 2016 stipulates that wages are set according to region, namely RM1,000 per month or RM4.81 per hour for Peninsular Malaysia, and RM920 per month or RM4.42 per hour for Sabah, Sarawak and Labuan.
According to the Finance Ministry, the household debt of Malaysians stands at RM1 trillion or 89.1% of the gross domestic product (GDP) – one of the highest in Asia.
Central bank data shows that banks’ rejection rate for loan applications for residential property purchases hit an all-time high of 61.7% in January. In July, the rejection rate was 57.3%.
Overall property market has also taken a beating with developers selling 39% of new units launched in the first half of this year, down from 52% in the second half of 2015, according to Real Estate and Housing Developers Association.
Malaysians are struggling to meet the stringent requirements to finance a new property and the market is not doing well either. But land is still rising, with some suggesting that the government build affordable housing on cheaper plots.
Retirement blues
A large EPF withdrawal, given current circumstances, might help potential homebuyers. But the price to pay for this option cannot be underestimated – eroding funds meant for old age.
Malaysia is expected to reach the 7% threshold the World Bank defines as an aging society in just five years in 2021. By 2035, one in 10 Malaysians will be aged 65 and above.
Latest EPF stats show that more than 78% of the 6.7 million active EPF contributors do not have the minimum recommended saving of RM196,800 for retirement. The figure assumes members need RM820 a month for 20 years, given the average Malaysian will live to about 75 years old. Most, however, had only RM50,000 which would run out in five years.
EPF recently revised the quantum to RM228,000, effective January 1, 2017. It cited the escalating cost of living, longer life expectancy and higher inflation rate.
How many members will fall into that quantum is yet to be ascertained but in a nutshell, many Malaysians aren’t prepared for retirement.
Who gains from this?
Let’s say a larger withdrawal becomes a reality. Do all EPF members stand an equal chance to reap the benefits?
For those with deft money-managing skills, the increment of Account 2 balance may allow them to grow their wealth through real-estate investment. By withdrawing the money from their EPF to fund their housing, one can use any additional cash on hand to clear consumer debt such as credit cards and loans instead. Or they can use the surplus to invest for better returns or even fund higher education.
These people will experience better cash flow as less money is spent for their housing loan.
However, to still protect their retirement dream, EPF members can consider tapping into the EPF Members Investment Scheme, which allows member to invest a percentage of their savings from Account in approved unit trust funds. The additional returns, if any, can boost their chances of surviving through retirement.
Other options include investing separately in shares and bonds, buying an annuity plan or a private retirement scheme to complement their EPF savings, and even another property.
But for the financially illiterate or the spendthrift, more money means more trouble. It is this group of people where this facility is more of a bane where they might just end up not having adequate funds to live through retirement.
We have been told countless times that buying a house is a lifetime commitment. Indeed it is one of the most important decisions we make besides marriage, having children and scratching all the other stuff on our bucket list.
But with so much information available, making sense of the property market can be intimidating, even downright confusing. What gets us most of the time is whether to opt for a freehold or leasehold property.
Actually, does it even matter? We find out what are the major differences between freehold and leasehold, and how it can affect your property buying decision.
What is freehold property?
Freehold property is when the state sets aside a plot of land and disposes it indefinitely to an individual. This is obvious when developers build freehold bungalows, private housing and condominiums.
As the developer owns the land, property built on it facilitates the transfer of land to the buyer provided it is a landed residential property such as a bungalow or a terraced house. This ownership will be in the form of Master Title.
As for a condominium or other high-rise residential properties, the buyer owns a stake in the condo by way of the unit but the developer still owns the land. In this case, the developer will distribute the ownership via Strata Title.
Freehold land certainly does have its fair share of benefits. Owners face fewer and less stringent limitations should they want to transfer their land to someone else. They also have the right to subdivide and allocate the land, although it is still subject to town planning controls.
If there is no development taking place on a freehold land, the state cannot claim the land from the owner, meaning you are not required to stick to a specific timetable.
Generally, freehold properties go through stable growth provided all other aspects of the property are in good condition. There is also the possibility of redevelopment of old freehold properties where owners will be compensated.
But there’s one thing to note here: there are freehold properties that need the consent of the state when transferring ownership. An example of “restricted” freehold properties are the semi-detached houses in Kelana Jaya. The reason for this is these properties were converted from leasehold to freehold.
Potential buyers are advised to look at the title of the property to find out if there are any restrictions on the land before deciding to make a purchase.
What is leasehold property?
Leasehold property are usually 30, 60, 99, or in some same cases, 999 years. There are some with 50 or fewer years such as PJ Old Town in Selangor, and some parts of Kuala Lumpur such as Sungai Besi and Setapak.
Such land comes with obvious restrictions where the dos and the don’ts are fleshed out in the lease.
The tenant has to care for the land as defined by the land legislation and may be responsible for developing some property and maintaining it. If the state deems the tenant unfit, the security of the tenure may be compromised. The state can forfeit the lease for non-performance.
Finally, there’s renewing the lease. The last thing you want is to suddenly receive a notice that your lease is expiring within a few years and to renew it you have to pay an exorbitant amount, just like what happened to the folks in PJ Old Town.
However, it’s not all bad for leasehold. If you are getting a leasehold property, you may notice that these properties usually offer more facilities or features from the developers, or even priced lower than a freehold property. As developers understand the competition in the property market, they tend to compensate with more features for a leasehold property.
Decisions, decisions, decisions
At the end of the day, making a decision between a leasehold and freehold property does not solely depend on the price and cost. . There is a list of factors at play, and the individual’s spending power tops that list.
While not all leasehold properties are inferior price-wise, it’s clear that fetching a freehold property now, especially in a convenient part of Kuala Lumpur or Selangor, might come with a hefty price tag.
For example, a check on PropertyGuru for new property launches in Kuala Lumpur, displayed results with prices anywhere from RM813,000 upwards for a condo. Fancy a second-hand landed one? Listings on propwall.my revealed unfurnished single-storey houses with a built up of 1,600 sq ft in Taman Tun Dr. Ismail going for RM1,200,000.
You might argue that these are pricey due to their location, but accessibility is also something you’ll factor in when purchasing property. A double-storey freehold unit with a build-up of 1,875 sq ft in Bandar Country Homes, Rawang, might fetch you RM475,000, but if you are working in downtown Kuala Lumpur, that’s about a 40-minute drive to the office through tolled roads without traffic. That means additional daily expenditure in fuel, toll and general maintenance of the car.
On the other hand, a leasehold property, despite the apparent drawbacks, might be located in a very convenient location. Take Damansara Perdana for example. When Metropolitan Square was launched, the starting price for a condo was RM199,204. The asking price is now RM590 per sq ft. That aside, there are amenities within walking distance such as The Curve shopping mall, Empire Damansara, and IKEA. Getting around Kuala Lumpur and Petaling Jaya is a breeze especially with a car as all the major highways such as the LDP and Penchala Link are nearby.
It is also worthy to note that freehold properties in coveted locations are limited. If you are in the situation where all other factors are equal between two properties of different land tenures, you should obviously choose the freehold unit.
However, the land tenure should not be your primary or sole deciding factor when choosing a property to purchase. Perhaps the best place to start when thinking of buying your first home, whether it’s freehold or leasehold, is to look at your housing affordability and also your objective. Some of these considerations include, your monthly income, cash amount you have available, and how much you can borrow.
No more 10 pct Bumi discount on certain property types, says Selangor government
KUALA LUMPUR: The 10 per cent Bumiputera discount on properties will no longer be available for certain types of properties in Selangor.
This was the decision made by the Pakatan-led Selangor government, which stated that the discounts would no longer be applicable for the purchase of serviced apartments, Soho (small office home office) and Sovo (small office versatile office) in the state.
According to a report in Chinese daily Nanyang Siang Pau today, Selangor Investment Committee chairman for Industry and Commerce, Small and Medium Enterprises and Transportation Teng Chang Kim said the measures are part of the state government’s implementation of new guidelines for housing development.
The daily said the guidelines would come into effect on Sept 1.
Teng was quoted as saying that the Selangor government would from now on determine the prices of the three types of properties.
He however said the 30 per cent Bumiputera equity condition for property ownership would be kept.
Teng said that under the state's affordable housing guidelines, a serviced apartment can be priced a maximum of RM270,000.
As for Soho and Sovo types, these can be sold for a maximum of RM230,000 a unit.
"The ownership of these properties is open to all, regardless of their race,” he was quoted as saying.
Teng added that applicants' household income requirements have also been revised to RM15,000 a month.
It was previously RM8,000 a month.
He said priority would be given to those with household income of less than RM10,000.
More details, said Teng, would be announced on Sept 1.
10 Real Estate Investment Tips to Make Wiser
Decisions
Knowing the Recent Property Auction Trends in the Klang Valley
The Klang Valley is arguable the most active property market in Malaysia, with many units changing hands daily. Residential, commercial and even industrial lots are being traded constantly, which is why the real estate field is considered a prosperous income generator for many people including property investors, owners, entrepreneurs, developers and the like.
One sector of the real estate business is of course auction properties. Properties go to the auction block for many reasons, mostly due to the buyer’s failure to settle a loan repayment or a failed mortgage. In the past several years, there has been a trend in the number of auction properties available in the Klang Valley, which includes Kuala Lumpur and all the areas in the state of Selangor.
Selangor, being the larger region, has about 5 times more auction listings compared to KL, with the highest number recorded in 2013, which is a total 17,745 units. This number fell consistently over the next three years and there was only 11,142 auction units recorded in Selangor for 2016. In Kuala Lumpur, however, it was the opposite, with the highest number of auctions recorded in 2016, which is 2203 units and the numbers were lower in 2013, with only 1884 auction properties recorded. The lowest number of auction properties in KL was recorded in 2015, where only 1789 units were recorded.
In Selangor, Rawang consistently recorded the highest number of auctioned properties from 2013-2015. In 2016, Petaling Jaya had the highest number of auctions, with 1,398 units recorded. All in all, the five regions in Selangor with the highest numbers of auctions from 2013-2016 were Rawang, Petaling Jaya, Shah Alam, Kajang and Puchong. On the other hand, the five regions with the least amount of auctions were Gombak, Puncak Alam, Subang Jaya, Kepong and Damansara Damai.
In Kuala Lumpur, Batu Caves recorded the highest number of auction properties from 2013 to 2016. In fact, the numbers are so high that it is at least 4 times higher than the next region, which is Setapak. Batu Caves had more than 400 units put up for auction for all four years, with the highest number recorded in 2013, which were 488 units. The lowest number of auctions in KL can be found in Sri Petaling, which recorded a peak number in 2014 with only 18 units. Apart from Batu Caves, Setapak and Sri Petaling, there are two more regions in KL that had properties auctioned off, and these are Tun Razak and Mont Kiara.
In General, the number of properties for auction in KL was quite stable, between the range of 1700 to 2200 units, which is a fluctuation of about 500 units throughout the four years. In Selangor however, the trend shows a steady decline in auction properties throughout the four years. From 17,745 auction properties in 2013, the numbers dwindled to only 11,142 units in 2016.
Only two regions in Selangor saw a slight increase of the number of auction properties, which is Subang Jaya and Gombak. Subang Jaya saw a hike from 181 units in 2013 to 242 in 2016, whereas Gombak’s numbers rose from 126 to 139 in the same period. The rest of the thirteen regions in Selangor saw decreasing auction numbers, with the most drastic decrease seen in Rawang, from 2,733 units to 1,319.
Pundits credit the falling numbers of auction to the slowing down of the property market, but notice that although the numbers have come down, more premiums, high end and luxury units are being auctioned off as compared to before.
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KL Remains Top Choice For Commercial Investment, Development
KUALA LUMPUR: Kuala Lumpur remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) and Sabah (11 per cent), said Knight Frank Malaysia.
In a statement today, the global property consultancy said, according to its Malaysia Commercial Real Estate Investment Sentiment Survey 2017, the respondents' interests in the capital city had waned marginally for the year ahead.
"More respondents are looking to diversify their investments to popular regions such as Penang, Johor and Sabah," it said.
Its managing director Sarkunan Subramaniam said the survey predicted the commercial real estate outlook based on sentiments of industry players.
"Both office and retail markets will continue to be under pressure with rental and occupancy due to oversupply.
"The logistic/industrial sub-sector is set to gather pace in 2017 with the growth of e-commerce driving the demand for logistic/industrial space," he said.
Sarkunan said despite the challenging operating environment, the respondents were interested to explore investment opportunities in various regions.
Sabah and Penang were voted as the highly-attractive regions for hotel/leisure investment, likely attributed to their strong tourism market, he said.
The survey said that there will be an increase in interest in the healthcare/institutional sub-sector among developers in 2017 and 11 per cent more appeared to be more interested as compared to 2016.
The Malaysia Commercial Real Estate Investment Sentiment Survey 2017 was conducted using an e-survey mechanism distributed throughout Knight Frank's vast database with key players in the local commercial sector.
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House-Buying Tips Do Some Research First
KUALA LUMPUR: THERE are many alternative investments besides stocks and bonds to help you achieve financial freedom when you retire.
If you are into properties, you can either invest in a real estate trust or buy a house and become a landlord by renting it out and selling it for a profit in the future. But buying a house can be difficult when you have little or no knowledge about the property market.
Many people, especially first-time buyers, make the mistake of buying a house immediately after walking into a sales gallery and listening to the sales person talk.
A buyer’s decision-making cannot be based only on what the sales person is saying.
Knight Frank Malaysia senior manager of international project marketing Dominic Heaton-Watson suggests doing a bit of research first before signing the sale-and-purchase agreement.
Five things to pay attention to before buying a property
for investment
• Research the location
Look at the transport connectivity and proximity to the central business district, and education and shopping centres. Will this become better in the future?
• Research the market
Ask who the target audience will be; what level of supply and demand is there? Understand the trends both now and in the future.
• Research the developer
Look for reputable track record in delivery and specifications/finishes.
• Research the product
Learn what finishes and amenities are expected and/or should be provided.
• Seek expert advice
Get the best of both worlds - seek global advisers with local expertise - not just on price, but also on how best to furnish, let and manage your investment professionally. Trust and confidence in your adviser will help settle any question/service you may need.
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委任房产经纪代劳还是亲自处理最好？
Knowing the Recent Property Auction Trends in the Klang Valley
The Klang Valley is arguable the most active property market in Malaysia, with many units changing hands daily. Residential, commercial and even industrial lots are being traded constantly, which is why the real estate field is considered a prosperous income generator for many people including property investors, owners, entrepreneurs, developers and the like.
One sector of the real estate business is of course auction properties. Properties go to the auction block for many reasons, mostly due to the buyer’s failure to settle a loan repayment or a failed mortgage. In the past several years, there has been a trend in the number of auction properties available in the Klang Valley, which includes Kuala Lumpur and all the areas in the state of Selangor.
Selangor, being the larger region, has about 5 times more auction listings compared to KL, with the highest number recorded in 2013, which is a total 17,745 units. This number fell consistently over the next three years and there was only 11,142 auction units recorded in Selangor for 2016. In Kuala Lumpur, however, it was the opposite, with the highest number of auctions recorded in 2016, which is 2203 units and the numbers were lower in 2013, with only 1884 auction properties recorded. The lowest number of auction properties in KL was recorded in 2015, where only 1789 units were recorded.
In Selangor, Rawang consistently recorded the highest number of auctioned properties from 2013-2015. In 2016, Petaling Jaya had the highest number of auctions, with 1,398 units recorded. All in all, the five regions in Selangor with the highest numbers of auctions from 2013-2016 were Rawang, Petaling Jaya, Shah Alam, Kajang and Puchong. On the other hand, the five regions with the least amount of auctions were Gombak, Puncak Alam, Subang Jaya, Kepong and Damansara Damai.
In Kuala Lumpur, Batu Caves recorded the highest number of auction properties from 2013 to 2016. In fact, the numbers are so high that it is at least 4 times higher than the next region, which is Setapak. Batu Caves had more than 400 units put up for auction for all four years, with the highest number recorded in 2013, which were 488 units. The lowest number of auctions in KL can be found in Sri Petaling, which recorded a peak number in 2014 with only 18 units. Apart from Batu Caves, Setapak and Sri Petaling, there are two more regions in KL that had properties auctioned off, and these are Tun Razak and Mont Kiara.
In General, the number of properties for auction in KL was quite stable, between the range of 1700 to 2200 units, which is a fluctuation of about 500 units throughout the four years. In Selangor however, the trend shows a steady decline in auction properties throughout the four years. From 17,745 auction properties in 2013, the numbers dwindled to only 11,142 units in 2016.
Only two regions in Selangor saw a slight increase of the number of auction properties, which is Subang Jaya and Gombak. Subang Jaya saw a hike from 181 units in 2013 to 242 in 2016, whereas Gombak’s numbers rose from 126 to 139 in the same period. The rest of the thirteen regions in Selangor saw decreasing auction numbers, with the most drastic decrease seen in Rawang, from 2,733 units to 1,319.
Pundits credit the falling numbers of auction to the slowing down of the property market, but notice that although the numbers have come down, more premiums, high end and luxury units are being auctioned off as compared to before.
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KL Remains Top Choice For Commercial Investment, Development
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KUALA LUMPUR: Kuala Lumpur remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) and Sabah (11 per cent), said Knight Frank Malaysia.
In a statement today, the global property consultancy said, according to its Malaysia Commercial Real Estate Investment Sentiment Survey 2017, the respondents' interests in the capital city had waned marginally for the year ahead.
"More respondents are looking to diversify their investments to popular regions such as Penang, Johor and Sabah," it said.
Its managing director Sarkunan Subramaniam said the survey predicted the commercial real estate outlook based on sentiments of industry players.
"Both office and retail markets will continue to be under pressure with rental and occupancy due to oversupply.
"The logistic/industrial sub-sector is set to gather pace in 2017 with the growth of e-commerce driving the demand for logistic/industrial space," he said.
Sarkunan said despite the challenging operating environment, the respondents were interested to explore investment opportunities in various regions.
Sabah and Penang were voted as the highly-attractive regions for hotel/leisure investment, likely attributed to their strong tourism market, he said.
The survey said that there will be an increase in interest in the healthcare/institutional sub-sector among developers in 2017 and 11 per cent more appeared to be more interested as compared to 2016.
The Malaysia Commercial Real Estate Investment Sentiment Survey 2017 was conducted using an e-survey mechanism distributed throughout Knight Frank's vast database with key players in the local commercial sector.
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House-Buying Tips Do Some Research First
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KUALA LUMPUR: THERE are many alternative investments besides stocks and bonds to help you achieve financial freedom when you retire.
If you are into properties, you can either invest in a real estate trust or buy a house and become a landlord by renting it out and selling it for a profit in the future. But buying a house can be difficult when you have little or no knowledge about the property market.
Many people, especially first-time buyers, make the mistake of buying a house immediately after walking into a sales gallery and listening to the sales person talk.
A buyer’s decision-making cannot be based only on what the sales person is saying.
Knight Frank Malaysia senior manager of international project marketing Dominic Heaton-Watson suggests doing a bit of research first before signing the sale-and-purchase agreement.
Five things to pay attention to before buying a property
for investment
• Research the location
Look at the transport connectivity and proximity to the central business district, and education and shopping centres. Will this become better in the future?
• Research the market
Ask who the target audience will be; what level of supply and demand is there? Understand the trends both now and in the future.
• Research the developer
Look for reputable track record in delivery and specifications/finishes.
• Research the product
Learn what finishes and amenities are expected and/or should be provided.
• Seek expert advice
Get the best of both worlds - seek global advisers with local expertise - not just on price, but also on how best to furnish, let and manage your investment professionally. Trust and confidence in your adviser will help settle any question/service you may need.
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委任房产经纪代劳还是亲自处理最好？
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很多投资者都会问，若自己想要竞购法庭拍卖的房子，应自己还是通过房产经纪代为处理所有过程比较好？究竟房产经纪提供的服务包括什么？他们的收费又是如何计算的？
在这里，想提醒投资者的是，当你想要委任房产经纪，一定要委任你熟悉的房产经纪，并与他一起出席有关的拍卖活动，从中学习拍卖程序。这样一来，你可以避免很多不必要的欺骗事件，更可以让自己增加有关拍卖的知识。
若你委任一位房产经纪为你代劳还是拥有好处的，那就是，该房产经纪将会亲自向你说明和提供有关银行是否愿意承担前业主拖欠发展商的管理费，门牌税，地税，服务费，维修费，其他费用和有关拖欠的数额。这样一来，你可以省却了大量的时间和精力来处理这些细节。惟，有关侦察费用都没有标准的收费的制度。
但如果你准备自己出席拍卖会，投标有关拍卖产业，那么你应在投标之前，多出席拍卖行的拍卖活动，以了解更多有关拍卖产业活动如何进行，更可从中观察拍卖产业的活动程序。通过这样的方式，当你自己出席竞标会时，还是拥有一定的程序基础，不至于现场出丑。
最重要的是，身为竞标者的你，应在购买银行拍卖产业前做足功课，清楚了解所有有关房产的资料，这样才能减低不必要的风险，更不会因为受到拍卖会的气氛而影响情绪。
最后，还是想要提醒投资者，无论你是从那个管道购买银行拍卖房产都好，一定要多留意拍卖文件的所有条约，这样一来，你才不会陷入不必要的风险窘境中。
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Buying Your Next Property
YOU have secured your first home and are living comfortably there but you're probably thinking about buying a second property for investment. After all, putting your money in real estate is one of the safest and best forms of investment.
"Property is one of the best investment options because it has many merits," Malaysian Institute of Estate Agents Vice President Lim Boon Ping tells TheEdgeProperty.com. Not only is it a stable investment, investing in property and hedge against inflation.
Besides a 4% to 5% average capital appreciation over the long term and offset inflation in Malaysia, which is about 4%.
On the other hand, buying a property involves a large amount of cash so if you want to buy a second property, you may become tight on cash with limited liquidity.
So how do we deal with the issue of financing? Similar to when you bought your first home, one could go the usual route of getting a mortgage.
"LTV (loan-to-value ratio) from banks," CEO and co-founder of SkyBridge International Adrian A shares.
He urges buyers to always maintain a good credit profile as it is crucial in the process of obtaining loans. "If you want to have a good credit, you will have to pay for the loan."
Refinance your first property
Meanwhile, you could try to refinance your existing property or properties, he suggests. What could be saved from the refinancing, could be used to finance the second or third property.
"However, it is best to do the refinancing early as the process may not be easy and may take some time," he advises.
If the bank takes over the expected refinancing process, investors may not get their money in time, resulting in the new property purchase falling through.
One also reminds investors of Bank Negara Malaysia's (BNM) guidelines since 2013, whereby any cash-out from mortgage refinancing would be capped at ten years' tenure.
"The borrower will have to pay higher monthly installments as the loan repayment period is shortened to 10 years. So, they should assess their financial status before refinancing, "warns One.
For those buying their third property and above, since 2010, BNM has implemented a maximum LTV ratio of 70% on the third mortgage.
Housing loans for the first and second units, on the other hand, are not affected, and the present prevailing LTV levels by individual banks apply, based on their internal credit policies.
The regulation has limited the purchasing power of third property homebuyers, but a dream come up with some other options.
LTV ratio under a guarantor scheme, an explains, but declines to reveal the name of the bank.
"For example, a buyer can ask his or her spouse, who has a lower income and no mortgage to his or her name, to come in as a guarantor for the new mortgage. The bank may then approve the loan with a LTV ratio higher than 70%, "a discloses.
Joint purchase
Another option is BNM's rule. One could also refinance existing properties to the spouse's name before applying for a new mortgage under a company.
Meanwhile, VKA Wealth Planners Head of Financial Planning Lawrence Seow reminds investors to assess their financial status and have a proper financial plan.
"When people buy their second and third properties for investment, they usually forget that they are getting more loans, which will increase their financial burden," he says.
He does not recommend group purchasing as it is risky and could get complicated.
"I have my reservations on property group purchasing schemes. The members in the group have different financial standings and expectations on investment returns. Moreover, if one of the group members passes away, it will affect the whole plan, "he explains.
Be prepared with a back-up plan
In the current slowdown, there could be many investment opportunities, but people in the industry usually "will have the first bite", a points out.
"If someone from the 'outside' wants to have a taste, they should get connected with agents and ask them to look for great deals in the market, but they have to be very specific about the price and location," he adds.
However, buyers who plan to buy their second and third properties for investment must prepare back-ups in order to deal with unexpected events, he counsels.
"If the property can not secure you, you must have an alternative or a back-up plan. You should also have enough income that could sustain you for at least six to 12 months. "
Location
Meanwhile, Lim reminds buyers the main factors to consider when buying a property for investment.
"The first factor is location. Buyers should study the community, amenities and developments near the property.
"Second, assess the need to lease out the house.
"Then, look at the potential rental yield and pricing of the property. If you are looking for a great place to stay, then this is the place for you.
"Finally, keep an eye on the property management if you're buying a strata property because a bad management will cause the value of the property to decline, and vice versa."
While buying properties within a well-planned development sounds like the right choice, investors need to be aware of the costs involved, Seow Warns.
"Investors may have to fork out some money for renovation and furnishing before gaining rental returns. These are expenses that should not be ignored. "
One of the biggest mistakes we've ever made. "There are many things that need to be considered, including monthly installments, MRTA and the overnight policy rate," says Seow.
Lim says investors should ensure they have enough ownership to deal with situations when there are no buyers or tenants for their property.
"Also, investors should invest in MRTA or MLTA (mortgage level term insurance), especially when buying residential properties, to prevent them from becoming unfit for their circumstances in the case of unforeseen circumstances.
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Bandar Puncak Alam - Best Neighborhoods for Families. Quiet Stay, Convenience & Nearby Amenities
No. 29, Jalan Alam Suria 16/54, Seksyen 16, Bandar Puncak Alam, 42300 Kuala Selangor, Selangor
Auction is coming soon on 28-Feb-2017 (Tuesday). 2 Storey Cluster Semi Detached House built up with 1765 sq.ft. Auction price is RM 284,400.00. Deposit just need to pay 10% of the reserve price only. Don’t miss this opportunity to get this property.
Nearby Best Food:
**BROS Food Station
Wow, big size food here. Very delicious western food. Good place for family get together and friend gathering for dining. Distance just 8 minutes from the property.
**KP Choco House Muslim Self service Bakery
& Café
They have many types of cake and western food. You can having your tea time with your friend here. Distance just 3.4KM, driving 7 minutes can reach there.
** SJK (T) Ladang Bukit Ijok (12 min) (5 km)
** Sekolah Agama Rakyat Puncak Alam 2 (9 min) (3.4 km)
** Sekolah Kebangsaan Puncak Alam 2 (8 min) (4 km)
** Sekolah Kebangsaan Puncak Alam 3 (8 min) (3.7 km)
**UiTM Selangor, Kampus Puncak Alam
The first campus that were built in Puncak Alam. Making the place known in Malaysia. UiTM Puncak Alam still preserve the green and fresh environment and this makes student feel very energetic and cheerful everyday! Distance 17 minutes can reach to the campus.
More details about the property, click here.
You may check out other auction properties that you may be interested on this area:
- Lorong Naluri Sukma 8/18, Seksyen 8, 42300 Bandar Puncak Alam, Selangor
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50% Rebate on PLUS Highway Tolls for CNY Travel
Class 1 vehicle users who pay the toll electronically will be able to enjoy 50% toll discount when travelling along the PLUS highways during the Chinese New Year festive season.
PLUS managing director Datuk Azman Ismail said the rebate would be offered to road users travelling along the North-South and North-South Central Link (ELITE) Highways on Jan 27 and 30 as well as on Feb 3 and 4.
The rebate will be offered to those travelling from midnight to 6am on the dates mentioned.
“With the rebate it is hoped that by the next morning traffic congestion will be reduced along the two PLUS highways as the number of vehicles on these highways is expected to increase from the normal 1.4 million to 1.6 million.”
On these dates, he said electronic payment system users would still be required to pay tolls as usual – the rebate would be credited to their respective Touch ‘n Go or PLUSMiles cards when they reload their cards within a four-month period or from Feb 15 to May 14 at the customer service centres along the PLUS highways.
“We hope with this strategy travellers will plan their journey during the night as this will indirectly help ease traffic during peak hours.”
In addition, Azman said PLUS had also released a Travel Time Advisory (TTA) for the highways, especially for travel between Jan 26 to 31 and Feb 4 and 5.
“We advise the public to abide by the TTA because based on studies the TTA had helped ease traffic congestion.”
In addition PLUS would also deploy 2,130 staff at the toll plazas, increase the number of patrols, mobilise emergency responders and provide additional tow trucks at selected locations.
For updates and more information follow PLUSTrafik on Twitter, download PLUS Mobile Apps application or contact PLUSLine at 1800-88-0000.
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Hong Kong "mini" flats boom as govt fails to rein in record-high prices
HONG KONG: For part-time furniture mover Kong Ngai-lam, 26, home is the bottom half of a bunk bed inside a tiny room that fits little else. Nearly 200,000 Hong Kong residents like him call a wire cage or bed in partitioned apartments their home.
Making housing more affordable was among outgoing Hong Kong leader Leung Chun-ying's top priorities when he took office in 2012, but his administration has been unable to rein in skyrocketing prices that have added to discontent in the city.
"Over the past four years, despite a number of measures by the current-term government which has successfully curbed external, investment and speculative demands, the difficulty in achieving home ownership remains an unresolved problem," Leung said in his swansong policy address on Wednesday.
High property prices and rents posed "the gravest potential hazard to the Hong Kong community as many families have no choice but to live in subdivided units, even in industrial buildings," Leung added.
Property prices have surged nearly 50 percent to historic highs since he took office, according to government data, and tiny living spaces have become increasingly common.
About 100,000 people under the age of 35, including children, make up half of those occupying such partitioned units, a government report showed. Non-government organisations say the real numbers are higher.
Making housing more affordable was among outgoing Hong Kong leader Leung Chun-ying's top priorities when he took office in 2012, but his administration has been unable to rein in skyrocketing prices that have added to discontent in the city.
"Over the past four years, despite a number of measures by the current-term government which has successfully curbed external, investment and speculative demands, the difficulty in achieving home ownership remains an unresolved problem," Leung said in his swansong policy address on Wednesday.
High property prices and rents posed "the gravest potential hazard to the Hong Kong community as many families have no choice but to live in subdivided units, even in industrial buildings," Leung added.
Property prices have surged nearly 50 percent to historic highs since he took office, according to government data, and tiny living spaces have become increasingly common.
About 100,000 people under the age of 35, including children, make up half of those occupying such partitioned units, a government report showed. Non-government organisations say the real numbers are higher.
These units, measuring half the size of a standard carpark space at an average of 62.4 square feet (5.8 square meters), are getting more expensive too.
Median rents surged 10.5 percent to HK$4,200 ($520) in 2015, official data showed. The figure is greater than the 8.4 percent rent increase in private homes over the same period.
Kong now pays $250 monthly rent for his bed space in the cluttered apartment shared with 10 others. A handwritten note warns of eviction if rental payment is late: "We are not the Salvation Army," it says.
There are no legal guidelines in Hong Kong restricting how small apartments can be, nor any on rent control.
"The biggest issue in Hong Kong is we don't have any legal restrictions, so the landlords can do whatever they want," said Kong's social worker and community organiser at the Society for Community Organization, Sze Lai-shan.
MOSQUITO-SIZED FLATS
"Mini flats" or "mosquito flats" are a growing trend as developers target first-time buyers who have given up hope of ever owning a decent-sized home.
Emperor International Holdings will build flats as small as 61.4 square feet (5.7 square metres), though the measurements exclude kitchen and bathroom; Chun Wo Development Holdings has plans for a residential building catering to young first-time buyers with 128 square feet (11.9 square metres) units.
"Hong Kong's real estate has gone so expensive, that's why (developers) are making flats smaller and smaller to make them affordable," said Edina Wong, senior director of residential services at property consultancy Savills.
Hong Kong's richest man Li Ka-shing recently said the trend made him feel "uneasy", even though a residential complex built by his Cheung Kong Property Holdings offers flats smaller than 200 square feet (18.6 square meters). One unit in September sold for HK$2.8 million ($360,000).
Thomas Lam, senior director at Knight Frank, expects small flats to remain popular in the short run as long as prices remain high and tightening measures such as higher stamp duties stay in place.
But a mini apartment is not for everyone.
Freya Tseng, 27, who advises her family on property investments, has stayed away from mini flats.
"If you buy it for yourself, the quality of life will be too low and you won't be happy living there. If you buy it for investment purposes, it doesn't have any reserve value," Tseng said. "It's a joke." - Reuters
Median rents surged 10.5 percent to HK$4,200 ($520) in 2015, official data showed. The figure is greater than the 8.4 percent rent increase in private homes over the same period.
Kong now pays $250 monthly rent for his bed space in the cluttered apartment shared with 10 others. A handwritten note warns of eviction if rental payment is late: "We are not the Salvation Army," it says.
There are no legal guidelines in Hong Kong restricting how small apartments can be, nor any on rent control.
"The biggest issue in Hong Kong is we don't have any legal restrictions, so the landlords can do whatever they want," said Kong's social worker and community organiser at the Society for Community Organization, Sze Lai-shan.
MOSQUITO-SIZED FLATS
"Mini flats" or "mosquito flats" are a growing trend as developers target first-time buyers who have given up hope of ever owning a decent-sized home.
Emperor International Holdings will build flats as small as 61.4 square feet (5.7 square metres), though the measurements exclude kitchen and bathroom; Chun Wo Development Holdings has plans for a residential building catering to young first-time buyers with 128 square feet (11.9 square metres) units.
"Hong Kong's real estate has gone so expensive, that's why (developers) are making flats smaller and smaller to make them affordable," said Edina Wong, senior director of residential services at property consultancy Savills.
Hong Kong's richest man Li Ka-shing recently said the trend made him feel "uneasy", even though a residential complex built by his Cheung Kong Property Holdings offers flats smaller than 200 square feet (18.6 square meters). One unit in September sold for HK$2.8 million ($360,000).
Thomas Lam, senior director at Knight Frank, expects small flats to remain popular in the short run as long as prices remain high and tightening measures such as higher stamp duties stay in place.
But a mini apartment is not for everyone.
Freya Tseng, 27, who advises her family on property investments, has stayed away from mini flats.
"If you buy it for yourself, the quality of life will be too low and you won't be happy living there. If you buy it for investment purposes, it doesn't have any reserve value," Tseng said. "It's a joke." - Reuters
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如何避免风险高的拍卖产业？
看了拍卖资讯后，加上发现有些产业价格确实比市价来得便宜且地点非常理想，很多投资者并开始对投资拍卖产业深感兴趣。作为投资者，大家都很想了解，究竟是否有办法可以避免购买到这种有风险的房产？但倘若真的不幸购买到这种房产，应该如何转售出去呢？
其实，无论你是从什么方式购得房产，都存在一定的风险，只是取决于你的运气。若你真的想要购买银行拍卖产业，那么你可以选择在购买前，与相关房产的邻居或管理公司闲谈。通过闲谈的过程，你可以探听到一些有关空置房产的消息和情况，如该房产已空置多久，前屋主或住客的背景。
但若你准备了解拍卖产业活动如何进行，那么你最好是先出席酒店或拍卖行的拍卖活动，再从这些拍卖活动中观察有关拍卖产业活动的进行程序，这样一来，你可以避免很多不必要的烦人过程，更不会因为对活动过程一窍不通而感到受骗。
相信很多人都不晓得，有些银行拍卖产业可能空置了一段时间，但有些还是拥有业主居住的房产单位。若你真的有意投标有关单位，那么你可在该房产空置的情况下，通过窗口或其他管道了解屋内的状况；但若该房产仍属于有业主的情况下，那么你只能在房产的外面观看，无法入屋检查和观看，为此，你要做好心理准备，有时该房产的状况未必让你感到满意。
如果身为投资者的你真的不幸购买到那些有风险的房产的话，那么你可以在购买后，耐心等待一段时间，然后才重新翻新该房产，再以可以接受的售价专卖或出租有关房产。这样一来，你根本无需担心你的投资让你倒亏的情况。
身为投资者，你一定要记得，无论在什么情况下，房地产永远是最保值和对抗通货膨胀的最佳方法，为此，无论是购买什么类型的产业，你的产业都不会导致你面对亏本的状态。
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一马房屋放宽购买条件 收入1万提高至1万5000
（布城17日讯）首相纳吉宣布，一马房屋购屋者的家庭每月收入从原有的1万令吉提高至1万5000令吉。
同时，一马房屋可转售的期限，从10年减至5年，意味购买一马房屋後，可在5年後转售。
纳吉今早在吉打双溪大年一马房屋移交钥匙仪式，对外宣布放宽一马房屋购买条件的消息。
纳吉说，国阵政府领导下，全国各地将兴建50万间一马房屋，以便满足人民拥有房子的梦想。
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年轻屋主供不起 每日120屋被拍卖
（吉隆坡12日讯）属于国家经济发展火车头的吉隆坡，房屋发展计划不断，惟经济不景气、隆市屋价高企，加上房屋头期优惠让不少年轻屋主购屋后，又无法承担沉重的房贷压力，导致隆雪许多第一手房屋沦为拍卖屋，其中隆市的拍卖屋数量近一年更有上升趋势，从2015年的1789间增至去年的2203间！
根据Lelongtips.com.my的统计数据显示，从2004年开始至今，全国有逾36万间房屋被拍卖，每月有至少2500间，即每日平均约有120间房屋被拍卖，其中又以非有地產业佔多数，如服务公寓、公寓或组屋单位。
Lelongtips营运经理陈碧雯接受《东方日报》访问时表示，相较于2015年，隆市去年的拍卖屋数量有增加的趋势。
「隆市拍卖屋数量增加，原因不外乎包括经济不景气、隆市屋价太高及年轻屋主无法偿还房贷等；隆市的房价相对其他地方来得高，如一间位于旺区的公寓单位价格，动輒都需80万令吉或以上。」
如今隆市也有许多新房屋发展计划，推出免头期或低头期优惠，吸引年轻人购买，但问题在于年轻人无法承担房贷，导致从去年开始隆雪拍卖屋中有约70%的屋主是80后的青年。」
拍卖屋比市价低
「根据以往的经验，拍卖屋主要以二手、三手或四手的屋子为多，但现在却开始出现拍卖第一手屋的情况，包括在赛城和蕉赖等，甚至是有拍卖屋完成拍卖后，因无法偿还房贷而再重新拍卖房屋。」
另外，询及拍卖屋是否会比其他房屋更受欢迎一事，陈碧雯表示，一般上购屋者或投资者会倾向于购买拍卖屋，毕竟拍卖屋价格是比市场价格来的低，尤其是介于50万令吉以下的拍卖屋更受购屋者的欢迎。
「儘管购屋者无法进入拍卖屋巡视屋內情况，惟仍有购屋者会选择购买拍卖屋。」
针对拍卖屋的价格行情，她说，有些银行不会再根据原本的屋价转售房屋，而是依据最新房价，再减少20至30%来擬定拍卖价格。例如，Mentari Court高楼某住家单位原本的市价是25万令吉，变成拍卖价后则下滑至17万8000令吉。 「国家经济不景气的情况下，只要有越多的房屋发展计划，拍卖屋也会隨之增加，相信今年全马的拍卖屋数额也会增加。」
雪州去年拍卖逾万房屋
儘管雪州2016年的拍卖屋数量比2015年减少，但是雪州在去年的拍卖屋数量依然达到1万1142间。
而雪州拍卖屋，其中又以八打灵再也、莎阿南和万挠的拍卖屋数量最多。
Lelongtips营运经理陈碧雯指出，雪州在2015年有1万2029间拍卖屋。
取消拍卖案例多
「但去年则减少至1万1142间，因为雪州的房价比起隆市低，且还可在许多地区，如万挠找到30万的房屋，导致很多房屋已经被投资者购买。」
她说，此外，相较之下，雪州取消拍卖屋子的案例也很多，那是因为屋主在收到拍卖信函时，就想办法解决欠款。
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无人竞标时，拍卖产业底价将调低
无人竞标时，拍卖产业底价将调低
近来，有些对拍卖产业不是很了解的投资者发现，一些拍卖房产的价格比邻近类似的房产售价低很多，有的甚至会低20%，不禁担心当中是否有潜在风险存在着。
其实，在价格方面，投资者并无需感到担心，因为，所有拍卖产业在首次被金融金钩安排销售之前，银行都会依据估价师的预估价，然后再以现有和最接近市价的价格为相关房产设定拍卖底价，以保障银行和有关贷款者的利益。
会有低20%状况的出现，这是因为若有关房产在首次的拍卖会上没能成功吸引到投标者，那么银行在未来的拍卖会上，会将之前一次的拍卖产业低价调低10%。而在第二次，仍然无人投票，银行就会再把之前拍卖产业的价格再调低10%。
若是到了第三或第四次的拍卖会，该产业还是无人问津，无人投标，那么有些银行就有可能会为相关产业进行重新的估价，以设定拍卖的低价，再等时机成熟时，重新拍卖有关产业，惟这全取决于个别银行的政策而定。
相信很多投资者都晓得，有关拍卖产业无法成功出售，有时可能是因为有意投标者因某些原因而与拍卖日期插身而过，又或者是那些投标者再等待下一轮产业底价下降时才去竞标，以从中获得更多的利润。
总归，无论你是通过任何渠道购买房产都好，如购买全新的房产，二手房产或拍卖房产，你都有可能会面对种种预测不到的问题和风险，有其是对首次购买房产者而言。
为此，在这里想要提醒所有有意投资或购买拍卖产业者，若你决定购买有关房产时，一定要多留意拍卖文件的所有条约，如银行是否承担前业主拖欠发展商的服务费，管理费，地税，门牌税，维修费等。若条约内注明银行将不承担及支付相关的拖欠费用，那么你应该先向有关机构了解拖欠的数额，再做出决定你是否要购买。
另外，在购买拍卖房产前，最好先向你的银行询问，了解及清楚知道以自己现有的收入，还可以申请多少贷款额来购买相关的产业，以避免在投标过程中，投标的费用超过银行所允许的贷款预算，这样的话，你将有足够的时间为自己的金融做出正确的衡量，不至于面对入不敷支的窘境。
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银行以大众利益为主 无法承担所有拍卖产业的债务
槟城消费人协会（CAP）在不久前，要求联邦政府制定全新的法令来管辖拍卖市场，以取代过时的殖民地时代法令。另外他们也要求银行承担拍卖房产所有“未偿还的债务”。但看完这篇文章后，很多人都会发出疑问说，可能性大吗？有可能吗？
根据了解，其实，一直以来，法庭都有不断地修改拍卖合约以保障和提供一个公正的拍卖的市场，因为在拍卖市场上，法庭不仅要以拍卖购买者、银行、贷款者的利益来做考量部分，还需顾虑到所有银行储户和股东的利益。这样才能让各方面都处于一个公平的平衡点上。
若你是某间银行的储户或是股东，当你们看到每一项债务都要银行来承担时，你们都会感到不安及担心投资的回报是否会受影响。但其实，一些银行是有承担拍卖房产所有“未偿还的债务”，惟是按照不同按例和情况来考量，虽然如此，但小编希望大众不要误会银行或法庭，因为他们纯粹是以大众的利益为先。
所以在通过这篇文章，希望拍卖购买者在决定是否购买金融拍卖房产钱，最好先留意拍卖文件的所有条约，如金融机构是否承担前业主拖欠发展商的服务费、管理费、维修费、门派谁、地税和其他费用。
若相关的金融机构并不愿意支付这些拖欠的费用，唯一可以给予的建议就是，身为买家的你必须先了解所有业主拖欠的款项，再考虑自己是否拥有足够的能力参与竞标！
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The New Bankruptcy Bill: The 10 Changes to Bankruptcy Law in Malaysia
The new Bankruptcy Bill will bring about significant changes to Malaysia’s bankruptcy laws. This comes against a backdrop of rising bankruptcy cases, especially for individuals under the age of 35. I set out below the 10 major changes to be ushered in under the Bankruptcy Bill. In summary, it can be seen that the new Bankruptcy Bill is more borrower-friendly and will make it more difficult for creditors to commence and maintain bankruptcy proceedings.
(1) A Change of Name: Bankruptcy Act 1967 to the Insolvency Act 1967
The Bankruptcy Act 1967 will be renamed to the Insolvency Act 1967. Hence, when the new Act comes into force, any written law or document shall be construed as referring to the Insolvency Act 1967 instead.
The use of the term insolvency may cause some slight confusion in future. The Companies Act 2016 uses the term insolvency practitioner to describe a liquidator of a company while there will now be a reference to the Insolvency Act 1967 for the bankruptcy of individuals.
(2) Introduction of the Rescue Mechanism: Voluntary Arrangement
There is a new pre-bankruptcy rescue mechanism called the voluntary arrangement. The salient elements are:
- The individual, ie. the debtor, will appoint a nominee. The nominee is meant to act as independent professional to oversee and supervise the voluntary arrangement.
- The nominee can be a chartered accountant, an advocate and solicitor, or such other person to be determined by the Minister.
- The debtor then files a court application for an interim order for voluntary arrangement. The interim order will only last for 90 days and cannot be extended.
- The interim order will grant protection: no bankruptcy petition and no legal proceedings against the debtor except with permission from the court.
Within the 90-day interim order period, the nominee will hold a meeting of the creditors to try to secure their approval for the voluntary arrangement. The voluntary arrangement is essentially where the creditors agree to compromise or discount the debts owing to them.
The nominee needs to secure more than 50% in number and at least 75% in value of the creditors’ agreement. However, the secured creditors’ rights cannot be affected without their consent. If the approval is obtained, it will then be binding on all the creditors.
(3) Stricter Requirements for Service of Bankruptcy Papers
The bankruptcy notice must be personally served. Further, substituted service is possible but there are now stricter requirements. The creditor must prove to the satisfaction of the court that the debtor has:
- The intention to defeat, delay or evade personal service; and
- Leaves or stays away from Malaysia, or absents himself from his home or place of business.
(4) Higher Threshold for Bankruptcy: RM50,000.00 instead of RM30,000.00
The threshold for the debt for bankruptcy proceedings has now been increased to RM50,000.00 from the present RM30,000.00.
(5) Single Bankruptcy Order
The present law has a sometimes confusing reference to the adjudication order and the receiving order. This will now be simplified to a single unified order called the bankruptcy order.
(6) Social Guarantor: No Bankruptcy
A social guarantor is a person who does not profit and essentially provides a guarantee for an education loan, hire-purchase transaction for personal or non-business use, or a housing loan for personal dwelling.
The present Bankruptcy Act 1967 allows for bankruptcy proceedings against a social guarantor if the creditor had exhausted all avenues to recover from the debtor.
The law will change where there will now be an absolute prohibition in commencing any bankruptcy action against a social guarantor.
(7) Other Guarantors
There is also added protection for other types of guarantors. A creditor will need to obtain permission from the court before commencing bankruptcy proceedings against other guarantors. The creditor would have to demonstrate he has exhausted all modes of execution and enforcement to recover from the debtor first.
(8) New List of Bankrupts to be Allowed Discharge
The following list of individuals will also be afforded protection where creditors cannot object to the discharge of bankruptcy. The individuals are a social guarantor, a bankrupt with a disability under the Persons with Disabilities Act 2008, a deceased bankrupt, and a bankrupt suffering from a serious illness.
(9) Automatic Discharge
There is also a new provision allowing for an automatic discharge of the bankruptcy after three years from submitting his statement of affairs and subject to achieving the target contribution set by the Director General of Insolvency (DGI) and having rendered an account of monies and property to the DGI. The creditors can object to the automatic discharge but there are only limited specified grounds they can raise.
(10) A New Insolvency Assistance Fund
There will be the establishment of the Insolvency Assistance Fund. It will be administered and controlled by the DGI for the purposes of achieving the betterment of the administration and proceedings relating to bankruptcy.
With the tabling of Budget 2017 just a week away, Putrajaya is in talks with the Employees Provident Fund (EPF) to raise Account 2 contributions from 30% to 40% to aid first-time homebuyers.
The Finance Ministry, the government department spearheading the proposal, said the raise is aimed at those buying affordable homes. EPF however said it has yet to commit to the proposal and would continue exploring options with the ministry.
If the ceiling to withdraw money from Account 2 is raised, it empowers members to pursue their purchase of a home and experience better cash flow as less money is spent on the loan.
In theory, the ten-point increase puts more cash in members’ hands but that means eating into their retirement fund.
So is the withdrawal increase to 40% a good idea?
EPF withdrawals for housing on the rise
Malaysians have been falling back on their EPF savings for many major financial decisions, such as buying a home. EPF revealed that 1.8 million members withdrew nearly RM6 billion in savings from Account 2 in 2015 to purchase their first home, second house and to service their monthly mortgage to pay off their home loans.
According to its data, members were increasingly reliant on EPF savings to help purchase either their first or second property, with an average of 6.8% a year in the past five years from 2010, when 1.4 million members withdrew RM4.3 billion.
The RM5.98 billion in withdrawals last year to buy houses made up 13.6% of the RM44 billion withdrawn by 3.3 million EPF members. Withdrawals to buy homes made up 13.6% to 16.4% of total annual withdrawals between 2010 and 2015.
How it works
EPF allows its member to make withdrawal from their EPF Account 2 for the following reasons:
Here’s the difference increasing your Account 2 to 40% of savings would make to your purchase:
Assuming you started working at age 22 with a starting salary of RM2,500 and an average increment of 5% annually. You have been contributing 11% of your income, while your employer has been contributing 13% monthly. At 35 years old, you would like to withdraw from your Account 2 to purchase a home.
*Calculation of amount needed is based on the following formula: 10% property price for down payment + 10% property price for miscellaneous costs
**Amount that can be withdrawn is based on the lower of the amount between Eligible Amount and Balance in Account 2.
However, even with the rising withdrawals from EPF, many Malaysians may still be unable to purchase their first home. This is because Malaysia’s housing is considered to be “severely unaffordable” in a report by Khazanah Research Institute (KRI).Based on the comparison above, a property buyer will be able to cover more of the upfront cost of buying a property with a bigger fund in Account 2.
This brings us to the next point…
Does it make housing affordable?
The World Bank defines affordable homes as those priced at three times the annual median household income or less. With half of Malaysians earning RM4,585 a month, house prices need to be below RM165,060.
According to the Bank Negara Malaysia, only 21% of new housing launches in Malaysia were priced below RM250,000 in 2014. In contrast, data points to an oversupply of higher-end properties priced above RM500,000 (36% of total new launches).
As for wages, the Minimum Wages Order 2016 stipulates that wages are set according to region, namely RM1,000 per month or RM4.81 per hour for Peninsular Malaysia, and RM920 per month or RM4.42 per hour for Sabah, Sarawak and Labuan.
According to the Finance Ministry, the household debt of Malaysians stands at RM1 trillion or 89.1% of the gross domestic product (GDP) – one of the highest in Asia.
Central bank data shows that banks’ rejection rate for loan applications for residential property purchases hit an all-time high of 61.7% in January. In July, the rejection rate was 57.3%.
Overall property market has also taken a beating with developers selling 39% of new units launched in the first half of this year, down from 52% in the second half of 2015, according to Real Estate and Housing Developers Association.
Malaysians are struggling to meet the stringent requirements to finance a new property and the market is not doing well either. But land is still rising, with some suggesting that the government build affordable housing on cheaper plots.
Retirement blues
A large EPF withdrawal, given current circumstances, might help potential homebuyers. But the price to pay for this option cannot be underestimated – eroding funds meant for old age.
Malaysia is expected to reach the 7% threshold the World Bank defines as an aging society in just five years in 2021. By 2035, one in 10 Malaysians will be aged 65 and above.
Latest EPF stats show that more than 78% of the 6.7 million active EPF contributors do not have the minimum recommended saving of RM196,800 for retirement. The figure assumes members need RM820 a month for 20 years, given the average Malaysian will live to about 75 years old. Most, however, had only RM50,000 which would run out in five years.
EPF recently revised the quantum to RM228,000, effective January 1, 2017. It cited the escalating cost of living, longer life expectancy and higher inflation rate.
How many members will fall into that quantum is yet to be ascertained but in a nutshell, many Malaysians aren’t prepared for retirement.
Who gains from this?
Let’s say a larger withdrawal becomes a reality. Do all EPF members stand an equal chance to reap the benefits?
For those with deft money-managing skills, the increment of Account 2 balance may allow them to grow their wealth through real-estate investment. By withdrawing the money from their EPF to fund their housing, one can use any additional cash on hand to clear consumer debt such as credit cards and loans instead. Or they can use the surplus to invest for better returns or even fund higher education.
These people will experience better cash flow as less money is spent for their housing loan.
However, to still protect their retirement dream, EPF members can consider tapping into the EPF Members Investment Scheme, which allows member to invest a percentage of their savings from Account in approved unit trust funds. The additional returns, if any, can boost their chances of surviving through retirement.
Other options include investing separately in shares and bonds, buying an annuity plan or a private retirement scheme to complement their EPF savings, and even another property.
But for the financially illiterate or the spendthrift, more money means more trouble. It is this group of people where this facility is more of a bane where they might just end up not having adequate funds to live through retirement.
We have been told countless times that buying a house is a lifetime commitment. Indeed it is one of the most important decisions we make besides marriage, having children and scratching all the other stuff on our bucket list.
But with so much information available, making sense of the property market can be intimidating, even downright confusing. What gets us most of the time is whether to opt for a freehold or leasehold property.
Actually, does it even matter? We find out what are the major differences between freehold and leasehold, and how it can affect your property buying decision.
What is freehold property?
Freehold property is when the state sets aside a plot of land and disposes it indefinitely to an individual. This is obvious when developers build freehold bungalows, private housing and condominiums.
As the developer owns the land, property built on it facilitates the transfer of land to the buyer provided it is a landed residential property such as a bungalow or a terraced house. This ownership will be in the form of Master Title.
As for a condominium or other high-rise residential properties, the buyer owns a stake in the condo by way of the unit but the developer still owns the land. In this case, the developer will distribute the ownership via Strata Title.
Freehold land certainly does have its fair share of benefits. Owners face fewer and less stringent limitations should they want to transfer their land to someone else. They also have the right to subdivide and allocate the land, although it is still subject to town planning controls.
If there is no development taking place on a freehold land, the state cannot claim the land from the owner, meaning you are not required to stick to a specific timetable.
Generally, freehold properties go through stable growth provided all other aspects of the property are in good condition. There is also the possibility of redevelopment of old freehold properties where owners will be compensated.
But there’s one thing to note here: there are freehold properties that need the consent of the state when transferring ownership. An example of “restricted” freehold properties are the semi-detached houses in Kelana Jaya. The reason for this is these properties were converted from leasehold to freehold.
Potential buyers are advised to look at the title of the property to find out if there are any restrictions on the land before deciding to make a purchase.
What is leasehold property?
Leasehold property are usually 30, 60, 99, or in some same cases, 999 years. There are some with 50 or fewer years such as PJ Old Town in Selangor, and some parts of Kuala Lumpur such as Sungai Besi and Setapak.
Such land comes with obvious restrictions where the dos and the don’ts are fleshed out in the lease.
The tenant has to care for the land as defined by the land legislation and may be responsible for developing some property and maintaining it. If the state deems the tenant unfit, the security of the tenure may be compromised. The state can forfeit the lease for non-performance.
Finally, there’s renewing the lease. The last thing you want is to suddenly receive a notice that your lease is expiring within a few years and to renew it you have to pay an exorbitant amount, just like what happened to the folks in PJ Old Town.
However, it’s not all bad for leasehold. If you are getting a leasehold property, you may notice that these properties usually offer more facilities or features from the developers, or even priced lower than a freehold property. As developers understand the competition in the property market, they tend to compensate with more features for a leasehold property.
Decisions, decisions, decisions
At the end of the day, making a decision between a leasehold and freehold property does not solely depend on the price and cost. . There is a list of factors at play, and the individual’s spending power tops that list.
While not all leasehold properties are inferior price-wise, it’s clear that fetching a freehold property now, especially in a convenient part of Kuala Lumpur or Selangor, might come with a hefty price tag.
For example, a check on PropertyGuru for new property launches in Kuala Lumpur, displayed results with prices anywhere from RM813,000 upwards for a condo. Fancy a second-hand landed one? Listings on propwall.my revealed unfurnished single-storey houses with a built up of 1,600 sq ft in Taman Tun Dr. Ismail going for RM1,200,000.
You might argue that these are pricey due to their location, but accessibility is also something you’ll factor in when purchasing property. A double-storey freehold unit with a build-up of 1,875 sq ft in Bandar Country Homes, Rawang, might fetch you RM475,000, but if you are working in downtown Kuala Lumpur, that’s about a 40-minute drive to the office through tolled roads without traffic. That means additional daily expenditure in fuel, toll and general maintenance of the car.
On the other hand, a leasehold property, despite the apparent drawbacks, might be located in a very convenient location. Take Damansara Perdana for example. When Metropolitan Square was launched, the starting price for a condo was RM199,204. The asking price is now RM590 per sq ft. That aside, there are amenities within walking distance such as The Curve shopping mall, Empire Damansara, and IKEA. Getting around Kuala Lumpur and Petaling Jaya is a breeze especially with a car as all the major highways such as the LDP and Penchala Link are nearby.
It is also worthy to note that freehold properties in coveted locations are limited. If you are in the situation where all other factors are equal between two properties of different land tenures, you should obviously choose the freehold unit.
However, the land tenure should not be your primary or sole deciding factor when choosing a property to purchase. Perhaps the best place to start when thinking of buying your first home, whether it’s freehold or leasehold, is to look at your housing affordability and also your objective. Some of these considerations include, your monthly income, cash amount you have available, and how much you can borrow.
No more 10 pct Bumi discount on certain property types, says Selangor government
KUALA LUMPUR: The 10 per cent Bumiputera discount on properties will no longer be available for certain types of properties in Selangor.
This was the decision made by the Pakatan-led Selangor government, which stated that the discounts would no longer be applicable for the purchase of serviced apartments, Soho (small office home office) and Sovo (small office versatile office) in the state.
According to a report in Chinese daily Nanyang Siang Pau today, Selangor Investment Committee chairman for Industry and Commerce, Small and Medium Enterprises and Transportation Teng Chang Kim said the measures are part of the state government’s implementation of new guidelines for housing development.
The daily said the guidelines would come into effect on Sept 1.
Teng was quoted as saying that the Selangor government would from now on determine the prices of the three types of properties.
He however said the 30 per cent Bumiputera equity condition for property ownership would be kept.
Teng said that under the state's affordable housing guidelines, a serviced apartment can be priced a maximum of RM270,000.
As for Soho and Sovo types, these can be sold for a maximum of RM230,000 a unit.
"The ownership of these properties is open to all, regardless of their race,” he was quoted as saying.
Teng added that applicants' household income requirements have also been revised to RM15,000 a month.
It was previously RM8,000 a month.
He said priority would be given to those with household income of less than RM10,000.
More details, said Teng, would be announced on Sept 1.
10 Real Estate Investment Tips to Make Wiser Decisions
1. Know your budget
The funds needed to
invest in a real estate is not a small figure, therefore it is important to be
clear of the amount of cash you have in hand. Another way to set a realistic
budget is to enquire the amount of loan you can get from a bank.
2. Do not underestimate
the hidden costs
Make sure your budget
covers interest rate, insurance and home repair costs.
3. Invest in areas
with high potential
The price of a
property located in an area with convenient transportation will definitely
increase with time. Areas that are nearing to schools, universities and
landmarks are considered to be of high potential as well.
4. Set a realistic
investment goal
Are you purchasing a
real estate to earn money or for long term usage? When the economy is good, it
is easy to sell it off. However, when the economy is sliding into a depression,
it might take a long time to find a buyer. Hence, find out your goal of owning
a real estate before purchasing one.
5. Do the house
renovation yourself
If you want to save
money from paying high renovation cost, do the renovation yourself.
6. Put importance in
practicality
When you are choosing
a real estate, always opt for the one that is practical and with high potential
to sell or rent out. Never go for houses that offer good appearance only.
7. Never invest on a
real estate just for the view
Having a good view is
never a bad thing, unless it takes 3 hours to get to the place. Think
thoroughly when you are tempted to invest in a place that offers only good
view.
8. The rent received
needs to be more than the installment loan
Before investing in a
house, make sure that the rent you can receive is more than the monthly
installment you are required to pay back to the bank, or else you might land
yourself into an unneeded financial crisis.
9. Liabilities
Is the house you are
living in right now fully paid off? Be very aware of your liabilities,
including all loans and credit card spending. This is to ensure that you will
have sufficient cash in hand, and you will be able to make all ends meet.
10. Inspect the
property before purchasing
Always check the house and
read the reports before signing the contract. This must be done to avoid
repairs in the future. Also, read the contract carefully for fines on
termination.
酒店式公寓可以投资吗？了解此类房产投资的收益及风险
近年来，酒店式公寓成了投资者的新宠，酒店式公寓投资是有保障回酬的收益，但此类房产投资的优势及劣势，在未投资前，还是需要作出了解探讨。为您分析此房产投资的收益及风险，让您一撇其中的利与弊！
何谓酒店式公寓？
酒店式公寓是介于酒店和高档住宅间的一种物业，它是集住宅丶酒店丶会所多功能于一体。酒店式公寓在一些旅游旺区丶大城市及商业中心比较盛行，因其可让居住者享受家庭式的居住布局，又能享受到酒店的殷勤服务。
酒店式公寓的投资优势：
▪面积小，售价可负担，风险较低
一般酒店式公寓都是以STUDIO出发，一房一厅，售价都是在几十万上下，低售价，投资风险小，但转让出租回报大。如果出租的话，租金会比普通公寓高30%，较吸引中上旅客或商业人士居住。
▪有保障回酬利润
现今为了吸引投资者，发展商都会成立管理单位，以协助业主出租单位，同时也会给予业主自住的福利，一般都会在首几年有保障出租的利率，对於业主而言，就至少保证了部份收入。
▪市场需求大，升值空间高
现今为了吸引投资者，发展商都会成立管理单位，以协助业主出租单位，同时也会给予业主自住的福利，一般都会在首几年有保障出租的利率，对於业主而言，就至少保证了部份收入。
▪市场需求大，升值空间高
这类酒店式公寓适宜购买在具有发展潜能之地，如依斯干达特区或大都市。此外，单身公寓由于面积小丶总价低丶月供负担轻，对年轻一族尤其是外来专业人才格外有吸引力。
▪租金较高
酒店式公寓的租金比普通公寓来的高。酒店式公寓大多聘请专业的酒店物业管理公司和酒店式公寓管理公司进行管理，他们有广泛的租客源，且都来自高端客户，租金会比较可观。
酒店式公寓的投资风险：
▪居住成本高
从生活层面来说，住在酒店式公寓里的生活成本也相对高昂。如水电费是按商用物业计算，比普通住宅水电费要高出一倍左右。
▪回报率会逐出下降
基於产业会折旧，因此一旦酒店越旧，回报率就会下降，同时公共维修高越来越高也会影响收入，这些都是隐性成本的代价。
▪酒店式公寓产权要分清
统一经营的酒店式公寓对资本的要求很高，资金的门栏使得这类酒店式公寓很难允许个人投资者投资，一般都是投资基金或是专业公司在控制。因此投资者要注意产权。
如何选择酒店式公寓？
- 具潜能的发展位置，看看是否具有旅游丶教育丶发展的可持续发展潜力。
- 酒店配套。是否提供完善的全套设备丶商务服务，超市甚至婴儿托管所都要有。
- 专业物业管理。要了解酒店的管理是否专业，定期维修产业及所给予的客户服务。专业的品牌管理公司是保障，他们既能提供高效的管理服务，又有一定的品牌效应能够保证客源的充足性。
MRTA还是MLTA的房屋贷款适合你？详细分析给你！
多数人在购买房子时，都会被银行要求购买房屋贷款保险。房屋贷款保险主要是保障拥屋者发生意外或死亡后有一个供款保障。
市面上有两种房屋贷款保险，分别是递减式房贷保险(Mortgage Reducing Term Assurance，简称MRTA) 和抵押定额式房贷保险(Mortgage Level Term Assurance，简称MLTA)。
MRTA比较倾向为购买保障，MRTA 是为一间固定那间屋子购买保险，不可以转去其他屋子的。
MRTA 的好处是其较为便宜，但需要一次性付清，但其保费是计算在屋贷内，因此在供款时购屋者并不会有多大的分别。大部份的人购买的房贷保险是 MRTA，因为比较便宜， 而MLTA则类似人寿保险的设计，可依业者的需求而增加，比如可多附加36种危疾保障和36种危疾免缴保费利益，以伸缩性规划加保所需的保障范围。 很多人对购买房屋贷款保险概念模煳，反正都是预算在屋贷内，因此很多人并没有仔细分析到低哪一种保险比较适合自己。
如一个人拥有超过一项房产，选择MLTA将是比较被鼓励，因为购买MLTA保险更能给业主有规划性的保障与利益。但MLTA的保费也比较贵，至于付款方式则较灵活，可选择以每月、每季、每半年或每年分期缴付。
MRTA
例子: A先生贷款买了一间屋子400k，供期35年。到了10年，A先生不幸地不在了，他还欠银行300k。MRTA保险只赔所拖欠的300k债务而已。
MLTA
例子： B先生的屋子400k，供期35年， 到了10年，他不幸去世。他还欠银行300k。MLTA赔足90%（大概RM360k加他之前供的钱）。
Your Step by Step Guide for Renting Out A House
Congratulations! You are now a proud owner of a spanking new property that you have just purchased and now you want to make money from your investment. But, how do you go about it? What is the first thing you must do? Where do you start?
These are questions everyone who is new to the business of renting their properties face. Here, we grant you a full step-by-step guide into the necessary things you must do to get you rental up and running. Be sure to go through all the steps carefully to avoid any trouble in the future:
1. Set a Rental Rate
This step is rather simple to do. In order to know the current rate for your property, you should know the rental being paid for similar types of property in your area. You can charge 5-20% higher if your unit has been renovated or is fully furnished and semi-furnished. The best way to determine what the average rental rate for your area is to visit an online property website and browse to see what others are asking for their rented properties.
2. Do Some Renovations
Some basic renovations are always necessary for any new house, especially installing fans, lights and other basic fixtures. For added security, you may want to install window and door grills. The more renovations you perform in order to add comfort or increase the aesthetic appeal of a house will garner you a higher rental rate.
3. Engage a Real Estate Agent or Do It Yourself
Hiring a real estate agent to publicize and find tenants for your house will definitely save you a lot of time and effort. It will also lend a more professional air to the entire process. However, it will cost you a bit of money, usually one month’s rental, to hire an agent. If you choose to find tenants yourself, your best bet will be to post an ad online, like here on DurianProperty.com.
4. Draw Up a Tenancy Agreement
Once you have found a tenant, it’s time to get down to the legal bits. If there are no special demands on your side or the tenant’s, then you are free to use a template tenancy agreement. However, you will have to specify the period of agreement and other details like how much deposit needs to be paid (usually one month’s advance rental, one full month’s rental as deposit and one month’s rental as utilities deposit. All in all, three month’s rental). If there are any major demands or modifications to the usual tenancy requirements, we suggest you seek a lawyer’s advice.
5. Stamp the Agreement
In order for the tenancy agreement to take effect, you have to get it stamped at the Land office and pay a stamping fee. For rentals below RM2400, there is no stamping fee required. However, for rental rates above RM2,400, the stamps cost (for every excess of RM240)
• RM1 for 1 year or less
• RM2 for 1-3 years
• RM3 for 3 years or more
6. Congratulations! You’re now a Landlord
Your duties are not over as you are required to pay the quit rent, maintenance fee (if any),assessment fee and various other costs that come with owning a piece of property. Don’t forget to check in on your tenant occasionally to see what needs improvement or fixing.
头期钱+律师费+印花税...买屋子到低需要多少钱才够呢？
要如何知道自己所需要支付房贷？
在一些银行网站使用房贷计算器，可粗步计算您所需要承担的房贷
教您几招房贷省息路线！用一分钟看完为你省下不少钱
SHAH ALAM: Developers of serviced apartments in Selangor may need to allocate a certain percentage of units as affordable homes, according to the Selangor Housing and Property Board (LPHS).
In an interview with SunBiz recently, executive director Norzaton Aini Mohd Kassim said LPHS is studying new guidelines for serviced apartments, which explains the notice of a freeze in approving new serviced apartment projects, include small office home offices (SOHOs) and small office versatile offices (SOVOs) for the first half of the year.
The notice was sent out to all Real Estate and Housing Developers' Association Malaysia (Rehda) members in the state in early March.
Congratulations! You are now a proud owner of a spanking new property that you have just purchased and now you want to make money from your investment. But, how do you go about it? What is the first thing you must do? Where do you start?
These are questions everyone who is new to the business of renting their properties face. Here, we grant you a full step-by-step guide into the necessary things you must do to get you rental up and running. Be sure to go through all the steps carefully to avoid any trouble in the future:
1. Set a Rental Rate
This step is rather simple to do. In order to know the current rate for your property, you should know the rental being paid for similar types of property in your area. You can charge 5-20% higher if your unit has been renovated or is fully furnished and semi-furnished. The best way to determine what the average rental rate for your area is to visit an online property website and browse to see what others are asking for their rented properties.
2. Do Some Renovations
Some basic renovations are always necessary for any new house, especially installing fans, lights and other basic fixtures. For added security, you may want to install window and door grills. The more renovations you perform in order to add comfort or increase the aesthetic appeal of a house will garner you a higher rental rate.
3. Engage a Real Estate Agent or Do It Yourself
Hiring a real estate agent to publicize and find tenants for your house will definitely save you a lot of time and effort. It will also lend a more professional air to the entire process. However, it will cost you a bit of money, usually one month’s rental, to hire an agent. If you choose to find tenants yourself, your best bet will be to post an ad online, like here on DurianProperty.com.
4. Draw Up a Tenancy Agreement
Once you have found a tenant, it’s time to get down to the legal bits. If there are no special demands on your side or the tenant’s, then you are free to use a template tenancy agreement. However, you will have to specify the period of agreement and other details like how much deposit needs to be paid (usually one month’s advance rental, one full month’s rental as deposit and one month’s rental as utilities deposit. All in all, three month’s rental). If there are any major demands or modifications to the usual tenancy requirements, we suggest you seek a lawyer’s advice.
5. Stamp the Agreement
In order for the tenancy agreement to take effect, you have to get it stamped at the Land office and pay a stamping fee. For rentals below RM2400, there is no stamping fee required. However, for rental rates above RM2,400, the stamps cost (for every excess of RM240)
• RM1 for 1 year or less
• RM2 for 1-3 years
• RM3 for 3 years or more
6. Congratulations! You’re now a Landlord
Your duties are not over as you are required to pay the quit rent, maintenance fee (if any),assessment fee and various other costs that come with owning a piece of property. Don’t forget to check in on your tenant occasionally to see what needs improvement or fixing.
头期钱+律师费+印花税...买屋子到低需要多少钱才够呢？
很多年轻人刚踏出社会免不了都想要买屋买车，但买了车往往负担大了，要存钱买屋子就更难。而让更多人犹豫不决的是，买屋子到低需要多少钱才够呢？
首先，我们必须先了解马来西亚购买房屋所需要的费用，即包括头期丶律师费和印花税等费用。购买的屋价如果高，那所需要付的钱就比较多，门槛也较高。
一般买屋所需费用：
·
屋价的10%头期钱
·
律师费
·
屋价的10%头期钱
然而，如果您现在仍未有屋子，属於首购人士，那您可以豁免的福利包括：
·
购买40万令吉以下房产，买卖合约的印花税减50%。
·
申请“我的第一间房屋计划”，购买40万令吉以下房产可获100% 贷款，并由政府担保。
目前，银行紧缩开销，因此房贷越高，若薪水无法符合条件，获批率也低，您需要考量的是:
·
薪水可负担的房贷，最好是薪水的三份之一
·
若有车贷丶贷学金，这将降您的承担能力
·
是否有按偿还PTPTN及电讯费丶ASTRO等
·
计算你的收入缴付房贷供期后所剩多少，是否足够的资金过生活？
要如何知道自己所需要支付房贷？
教您几招房贷省息路线！用一分钟看完为你省下不少钱
您知不知道，房屋贷款的利息加起来，还一间的房子等於还两间，因此今天就要教您如何可以省利息！
屋子是我们一辈子最大的财务负担，每个月都要供出我们薪水的三份之一，但屋子一供通常都是20，30年的负担，要早点还清都难，但您知道吗，通过一些技巧性的还贷方式，让您可以快快供完贷款。
那有什么办法可以节省房屋贷款的利息开销吗? 教您几招省息路线！
第一招
善於利用EPF
户口
僱员公积金都有两个户头，即70%和30%分配至第一和第二户头，第二户头的资金可用於减低房屋贷款、教育基金或医药费。
因此若是第二户头有多余的钱，可以申请用来缴付房屋贷款，以减低利息。
相信所有曾经拥有房贷者在年底收到银行房贷结算单时，都有过这样的疑问：为何我每年、每月供还房贷整千令吉，一年供了一万多令吉，到了年底，我仍然欠银行一样多的钱，所欠的本钱才还了一千多令吉而已。”
不少人有这样的感慨，但这是游戏规则、复利的威力，从排表的本金一栏中可以看到，首3年（2014、2015和2016年）即使我们每年供RM11377.20，本金只是分别减少RM1676.57、RM1789.21和RM1908.67而已。
第二招
每月多还一点，小数立大功
假如房贷是每日计算利息，可以运用“整数”的方式来进行。 “整数”方式缩短款期 “整数”方式很简单，假如每月需付RM948.10，你只需稍微提高一些，还1千令吉整数，那麼，你的30年还款期就会缩短至25.82年。
区区的RM51.90就可立大功，而且没有压力，想想看，目前RM50根本让你做不了多少事情，吃不了豪华的一餐，但长期每个月RM50却可以让你少供5年房贷，这个月开始就多供一点贷款吧！
第三招
有花红或存款，多付贷款减利息
如果每年有多的存款，不坊就一笔多还房贷，或者将每月的房贷分期付款增至一倍，逼自己存钱，相信也可以看到削减贷款利息的作用。 复利在房屋贷款所发挥的威力是非常可怕，越早减低房屋贷款数额，即使数目不大，也可以迅速缩短你的还款期限。假如在年底时有可观的花红进账，
不妨考虑以上方法，迅速减少你需缴付的贷款年数
第四招
寻找低房贷利息
一般银行与金融公司提供的房贷利率差别也并不很大，一般都在零头上下游移；唯一不同的只是，各大银行与金融公司为你提供的房贷配套有多特惠优惠罢了。
选择定期贷款（Term Loan），还是活性贷款（Flexi Loan），还须视乎你的个人房贷需求与财务状况而定。必须特别注意的是，房贷合约中注明的锁定期（Lock-in period），锁定你至少须贷款多少年（一般多为5年），不得提早终止合约转换银行或无法偿还贷款或转售房屋，否则将被征收罚款，赔偿银行损失。 Selangor Mulls New Guidelines for Serviced Apartments
SHAH ALAM: Developers of serviced apartments in Selangor may need to allocate a certain percentage of units as affordable homes, according to the Selangor Housing and Property Board (LPHS).
In an interview with SunBiz recently, executive director Norzaton Aini Mohd Kassim said LPHS is studying new guidelines for serviced apartments, which explains the notice of a freeze in approving new serviced apartment projects, include small office home offices (SOHOs) and small office versatile offices (SOVOs) for the first half of the year.
The notice was sent out to all Real Estate and Housing Developers' Association Malaysia (Rehda) members in the state in early March.
Norzaton stressed that the move was not meant to curb property projects within the state, but to take the current opportunity of slowing property market to revise some regulations.
She said the temporary impact on the industry is minimal as there were only four serviced apartment/SOHO/SOVO applications received in the first quarter of the year.
"We've developers that have done this in residential areas, where a unit can cost up to RM1 million but at the same time with affordable units costing only RM250,000 each. Of course, the unit size, finishing will be different. This was done in Rumah Selangorku ... this shows it's not impossible for it to be done in residential areas.
"We've to discuss the percentage of affordable homes, we'll try to get at least a certain percentage for Rumah Selangorku," she said.
Norzaton said they may also make it compulsory for serviced apartment developers to build "minimal amenities" such as kindergartens and playgrounds, which have been lacking in such property developments in the country thus far.
Nevertheless, the new property guidelines are pending finalisation and are expected to be announced by the end of June.
"We're studying the new guidelines, but we cannot reveal them until we meet with Jabatan Perancangan Bandar dan Desa (Town and Country Planning Department), Rehda and the state," she noted.
As a "free market", Norzaton stressed, the government cannot simply put on hold the approval of new property projects. Instead it should be fully determined by market forces of supply and demand.
From 2010 till now, she said, the state government has approved 73,000 units of affordable houses, of which 16,000 units are under construction. The rest are being closely monitored with land issues to be resolved.
The ceiling price for affordable homes in Selangor is RM250,000, lower than the RM400,000 under the 1Malaysia People's Housing Programme (PR1MA).
Commenting on difficulty in obtaining housing loans, Norzaton said LPHS has been requesting the central bank to relax the criteria when it comes to first-time home buyers.
"We do send requests to Bank Negara to review the regulations, especially for first-time home buyers," she said.
To lower the entry level for first-time home buyers, she opined that the debt servicing ratio (DSR) should be based on gross income and not net income considering that income level is quite low. Ideally, the DSR should be capped at 40%, she added.
Norzaton said LPHS has also proposed to the government to set up new satellite cities, especially in the northern region of Selangor such as Kuala Selangor, to avoid too many people staying in the Klang Valley.
"If you expect seven million people in the Klang Valley in 2020, it will be very messy. We suggest the government build satellite towns surrounding the Klang Valley. If you have these satellite towns with good economic development, who will want to come to the Klang Valley with traffic jam?" she asked.
不过，他强调，随着州政府今年落实以上的购屋或租屋计划，雪州年轻人可以松一口气，而且，他也希望上述计划的拨款能逐年增加，让更多人受惠。
很多人说，60后和70后是幸运、幸福的一代，因为他们赶上了一个好时代，一个房市与股市双双大涨，且全球经济快速增长、人均收入大幅提升的大时代。
他们受过良好教育，有一份稳定的工作，甚至创业成功与生活富裕；他们的投资机会又多，并且能通过精明理财，来累积大笔财富与丰厚的资产。
3萬輔助金讓首購族擁屋‧MyDeposit如何申請？
（吉隆坡6日訊）首相拿督斯里納吉宣佈，月入3千至1萬令吉的中產階級（M40）首次置業購買價格不超過50萬令吉的屋房，即日起可向政府的MyDeposit計劃，申請相等於屋價10%或最高3萬令吉的輔助金。先租后买计划已开始 雪政府3招助圆购屋梦
（莎阿南14日讯）雪州政府通过3项政策，协助雪州子民尤其是年轻一族圆购屋梦。高级行政议员拿督依斯甘达说，州政府过去批准了数项相关政策，以让居者有其屋；这些政策包括雪兰莪基金的先租后买、精明雪兰莪首间房屋计划及精明雪州租赁计划。
其中，雪兰莪基金先租后买计划已开放让林巴再也的购屋者申请，其他购屋者，可在今年6月后提出申请。
他说，由于上述3项计划都属最新政策，执行时有很多技术问题需厘清，以致出现拖延的状况。
他也坦言，这3项计划拨款不多，其中雪兰莪基金先租后买计划只有1160万令吉去推行；另两项计划的拨款仍在商议。
他是接到关怀青年组织主席胡赛法提呈的备忘录，促请州政府加速落实各种协助人民购买房屋的政策后这么说。
一半贷款被拒
另外，他也披露，截至目前为止，一共有7820人申请“我的雪兰莪房屋”，惟其中3940人因为贷款问题而被拒。
不过，他强调，随着州政府今年落实以上的购屋或租屋计划，雪州年轻人可以松一口气，而且，他也希望上述计划的拨款能逐年增加，让更多人受惠。
新生代望屋兴叹
很多人说，60后和70后是幸运、幸福的一代，因为他们赶上了一个好时代，一个房市与股市双双大涨，且全球经济快速增长、人均收入大幅提升的大时代。
相反的，80、90后出生的“千禧代”（millennials），面对的却是一个高通胀、高房价、低利率、低房贷对房价比（Loan to value ratio），以及低还债率的年代。 这些30、40岁的年轻人，正面临物价高涨、房价飙涨、买不起房屋和入不敷出的挑战。如今，属于第二次世界大战之后婴儿潮（Boomers）世代的60后及70后，年龄已届50岁左右。
他们受过良好教育，有一份稳定的工作，甚至创业成功与生活富裕；他们的投资机会又多，并且能通过精明理财，来累积大笔财富与丰厚的资产。
然而，80后和90后出生的年轻人，面临的却是截然不同的情况。
他们在物价和房价高涨的环境中，往往买不起房与入不敷出。
而眼看房价节节飙涨，涨得就快负担不起时，这些望屋兴叹的年轻人就把矛头对准投机者，指责都是这些投机者炒作和抬高了屋价
因而剥夺了他们的权利，拖累他们买不起，也供不起房屋。
更多时候，这些年轻人在捶胸顿足和慨叹时不我与的同时，也一再懊恼早知早早买了就好，否则，如今也不至于沦落到买贵屋的地步。
他们的想法是，纵使自己不住，留着投资也可大赚一笔了，所以，这都是拖延累事，当时以为房价很高了，因而决定再等一等，等房价下跌。
然而，他们最终等到的不是房价走低，反而是越涨越高，且高不可及，连月入万元的双薪家庭都快买不起了。
由此，房地产都快变成有钱人竞投、奇货可居的资产投资了。
量力而为 免成屋奴
走过黄金十年，我国产业在紧接下来的另一个十年里，还会继续上涨吗？
答案是，依然胥视我国和全球的经济发展趋势及前景，而更重要的因素是，年轻新生代的购买力与拥屋率。
根据大马人口统计数字显示，25至40岁的年轻人，几乎占了大马人口的61.6%，反映出国内人口普遍年轻。
业界统计数字也显示，在购屋者中，人数最多的是年龄介于25至34岁的年轻人，而且这些年轻人大多还是首购族，约占产业交易人数的四分之一。
50万令吉以下房子受青睐
因此，在年轻人拥屋自住的强劲需求与意愿下，经济条件好与买得起房的年轻人，依然大有人在。然而，鉴于多数人的经济能力有限，因而促使售价处于50万令吉以下的房子，特别受到年轻人青睐。
如今，大部分时下年轻人置业的优先考量就是售价，接下来才考量地点、交通、便利、设计、保安与绿化环境等。
所谓“力不到，不为财”，这在置业投资中也一样，保有实力或财力，才能持久作战。
因此，在置业和投资之前，除了应该仔细评估自身的财力、能力与持有力，最好也能多看、多听、多比较、多参详，还有多实地考察。
同时，也要踏实、诚实及认真地根据个人的实际需求慎重地选择，切勿盲目跟风或听信谣言，也要避免轻率做决定，从而捆绑负债一生！
经济增速快房价也涨得高
其实，不只是大马有房价高企的情况，全世界也一样。
只是近两三年，因大马政府祭出多项严厉的打房政策，才促使涨势暂时稍微缓和罢了。
纵观全球，根据英国的《全球房地产市场报告》，当中所调查的32个国家与地区中，从2001至2011年的10年期间，房价已平均上涨了56%。
其中，新兴国家的房价涨幅最高，因而稳居榜单前三名；而且，在榜单的前六名当中，新兴国家就占了4席。
在榜单中，印度居于冠军位置，因该国在这段期间的房价涨得最高，达284%，相等于每年平均涨14%，也是英国同期房价涨幅的6倍，以及欧盟房价的10倍。
我国涨幅居全球第99
报告指出，经济增速最快的国家，房价也涨得最高。
因此，印度过去10年的房价涨幅高达284%，与同期国内生产总值（GDP）增长155%，两者关系息息相关。
而排名第二与第三的则是俄罗斯和南非，两者的房价增长率分别为209%及161%。
在香港方面，该国以攀升125%而名列第五；中国则位居第14，涨幅仅有47%。
但数据显示，在过去一年里，香港房价录得全球最高的涨幅，平均增长率报14%；其次为印度和挪威，分别涨9%和7%。
同时，香港依然是亚洲房价最高、全球第二高的城市，紧接着是新加坡、东京、首尔、台北、深圳、上海与北京。
至于我国，尽管过去5年的房价涨幅达40%，但根据研究统计，我国只能位居全球第99。 而且，我国平均房价也只有台湾的三分之一，是香港、新加坡和东京的十分之一。
3萬輔助金讓首購族擁屋‧MyDeposit如何申請？
他說，總值達2億令吉的輔助金將發放給購買8萬至50萬令吉房地產的首購族，即日起生效，符合資格者可以登入http://ehome.kpkt.gov.my/ 在網上提出申請。
如何申請MyDeposit輔助金？
#須準備的文件軟拷貝（soft copy），以便上載至申請系統內：a. 身份證副本
b. 雇主承認文件
c. 最新月薪單
d. 公積金副本或所得稅副本
e. 供養者的身份證副本或報生紙副本
f. 賣家提供的承認買屋文件副本
g. CCRIS申請文件副本
申請步驟：
1. 首先，必須在該網站上進行註冊。註冊步驟簡易，只需填寫名字、身份證號碼、電郵，再建立密碼。
2. 開始申請。第一項：填寫名字、身份證號碼、生日日期、性別、婚姻狀況或單身、種族、地址及聯絡號碼等等。另外，須上載身份證副本
3. 如果已婚，則填寫伴侶資料。
4. 填寫工作資料。工作領域（政府或私人）、職業、月薪數額、雇主名稱、工作地址及雇主聯繫方式等等。另外，須上載雇主承認你為僱員的文件（如聘請信）、最新月薪單、以及公積金副本或所得稅副本
5. 填寫供養者（tanggungan）的資料，包括名字、與您的關係、身份證號碼等等。另外，須上載供養者的身份證副本或報生紙副本。
6. 填寫買屋建議，包括新屋或二手屋、屋價、房屋類型、房屋面積。另外，須上載發展商或賣家提供的承認買屋文件的副本。
7. 填寫“宣誓”欄目，即表明還未擁有房產、這是首次買屋等等。另外，須上載CCRIS（中央信貸情報資訊系統）申請文件的副本。
8. 仔細檢查後便可呈交，最後祝你好運！
KL Prime Plot for Sale
Land in golden triangle put on tender after 27 years of legal battles
PETALING JAYA: A 7.4-acre tract of freehold commercial land in Kuala Lumpur city has finally been put up for sale by tender, after a series of legal battles spanning 27 years and a few countries.
The legal tussle between business
Cheah’s major asset was Malaysia-based United Securities Sdn Bhd, which owns the 7.4 acres through subsidiary City Centre Sdn Bhd, which is in liquidation.
The historical and corporate tussle involving this land is as interesting as its location.
“It is unusual to come across a piece of land of this size in the city centre within the golden triangle. There are not many of these any more. Furthermore, it is freehold land,” Tang said in a statement.
The land has a plot ratio of 1:7, which means the land can up developed up to about seven times its land area.
Tang said this was probably one of the last few pieces of prime commercial land of this size available in the city centre. It is suitable for a mixed commercial development. Usually, the land available in the city centre were between one acre or thereabouts, he said.
“You may have larger pieces like the Urban Development Authority/Pudu Prison land, which is about 20 acres, but this was held by institution. In the case of this 7.4 acres, it was privately held and there are not many of these nowadays,” he said.
He said no reserve price had been set but he reckoned it would be in the range of between RM2,000 to RM3,000 per sq ft (psf).
Land deals the past couple of years include Singapore’s Oxley Holdings Ltd buying a 3.2-acre in Jalan Ampang next to Wisma Central for RM3,300 psf, with a plot ratio of 13.99 times,
Tun Razak Exchange land parcels which were sold between RM2,200 and RM4,4490 psf with plot ratio of 10 to 15 times or more, and the Lai Meng School, whose owner Magna Prima Bhd was seeking RM3,500 psf.
He is seeking both local and international buyers.
“It is an opportunity for a developer to come up with an outstanding and iconic integrated development in view of the fact that it is next to a tourist attraction.”
The land is located next to KL Tower or Menara KL in an area zoned commercial city centre. It comprises 16 contiguous lots. Nearby are office buildings and hotels located along Jalan Raja Chulan and Jalan Sultan Ismail while the shopping belt of Jalan Bukit Bintang and Cangkat Bukit Bintang are within a short walk away. The Raja Chulan monorail station is also located within walking distance.
The corporate history of the land and how it went under liquidation started in 1986 in New Zealand when an investment company Equiticorp Holdings Ltd gave a loan to a consortium led by a Cheah Theam Swee to buy a listed shell company JEDI Corp (renamed London Pacific Ltd), after JEDI was stripped off its assets. The move provided a vehicle for Malaysian interests to buy into an NZ listed company, according to a book Changing Pacific Forests edited by John Dargavel and Richard Tucker. But London Pacific subsequently went into financial waters. Equiticorp collapsed in 1989 in the aftermath of the 1986/87 share market crash. Cheah defaulted on the loan and creditors took out a court case but despite the long legal battle, the land was never sold.
man Cheah Theam Swee and creditors sailed through both the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis. It has now culminated with Deloitte Corporate Solutions Sdn Bhd being appointed as liquidators with Henry Butcher Real Estate Sdn Bhd to assist in its disposal. The sale will be carried out via a tender exercise. The closing date is May 23, according to Henry Butcher chief operating officer Tang Chee Meng.
Bid to Tame Property Prices
SHANGHAI and Shenzhen have taken the lead among major Chinese cities in announcing a new round of restrictions to cool runaway home prices, but analysts suggest a balanced supply and demand would be the ideal solution.
Both announced new curbs on Friday, showing local governments’ resolve in taming soaring prices.
Under Shanghai’s new rules, local families with one property will have to pay at least 50% down payment for a second home.
The minimum down payment will rise to 70% if the house is either above 140sq m or priced above 4.5 million yuan (RM2.8mil) and is located within the inner core of the city.
The barrier for buying a home becomes even tighter for families in Shanghai with no permanent residency because they are required to pay taxes for at least five years in a row before buying a property in the city, compared with the previous requirement of just two years of tax payments.
In Shenzhen, local homebuyers are required to pay at least 40% of the home price as down payment for a second home, and non-local families can only buy one apartment after paying taxes for at least three years.
Also on Friday, Nanjing of Jiangsu province and Wuhan of Hubei province also released stricter measures in granting mortgage loans.
The new policies are in response to the central government’s calls for implementing different measures according to their own situations to regulate and control the property markets.
With a 56.9% year-on-year growth in February, Shenzhen has recorded the biggest new-home price increase among 70 cities, followed by Shanghai’s 20.6%, according to data from the National Bureau of Statistics.
Prices in the secondhand home market showed a similar trend, as Shenzhen reported a 54.2% year-on-year growth, followed by Shanghai’s 20.3%.
“There is an escalating difference in home price growth, because first-tier and some popular second-tier cities grow much higher than other cities, and this difference has been carried on,” said Liu Jianwei, a senior statistician at the NBS.
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