PLEASE COME AND INVEST IN MALAYSIA !

PLEASE COME AND INVEST IN MALAYSIA !

It was reported by the Star on 10^th of March 2016, that investment by Chinese in Dubai increase 130% for the first nine months alone in 2015 compare to 2013. It was reported that most of the investor weather individual or equity funds are interested to invest in emerging marketing for higher yield and capital appreciation as well as affordable prices.

Malaysian Ringgit (RM) which is at it weakest against the US Dollars which has decreases more than 40% since 2013 make it a very sweet deal for investors to make Malaysia as their investment playground.

 

Malaysia sharing many similarities with Dubai should bring in investors in ten of thousand. Being a Muslim country just like Dubai, we have a multi cultural society with Chinese being one of the obvious component and the Chinese in Malaysia speak not only Mandarin but other dialects too. Hakka, Hokkien, Cantonese and Hailam to name a few.

Unique and renown architecture building are being display to the world to see. Not only we can built world class building with environment feature which is the trend right at this moment, we can provide exceptional living facilities that give assurance of a enjoyable and peaceful stay.

The Chinese should come and invest in Malaysia as in the near future, their investment will have a good capital gain and out-lay in their investment now is extremely very low considering the weak Ringgit.

Malaysia is a dream come true for foreign investors in putting their money now as it can provide an immediate profit the minutes the Ringgit goes up.  Don’t wait, come quickly to take this amazing opportunity to invest in Malaysia.

AFFORDABLE HOUSING SCHEME – BUDGET 2016.

AFFORDABLE HOUSING SCHEME – BUDGET 2016.

Under the Malaysia 2016 Budget, the government will built about 350,000 afforable housing which will be sold 20% below the market value. The target location will be surrounding the development of the Light Rail Transit station and the monorail station.

In the RRIMA website, it is stated in Kland Valley, PRIMA housing are available in Bukit Bintang, Bukit Jalil, Cyberjaya and Brickfield. Prices start from RM250,000 and above. A total of 4000 units of apartment are offer from these 4 project.

The advanatages of this program is that the partner end financing bank will be able to finance the interest during the construction of the poperty and loan up to 110% of the Sale & Purchase price will be approved for eligible applicant.

The question is do we actually need so many unit as we term as afforable housing? Do the population or the “rakyat” really facing difficuties on buying a property for them to stay in? Is there no afforable houses available in the market right at this moment?

Secondary market of such property are still available for those that need to purchase a property for own stay. Places like Bukit Antarabangsa, where apartment of 1000 sf start from RM180,000 and a condominium unit is from RM250,000. A double storey house is available for sale from RM500,000. Bukit Antarabangsa a serene and highland location with KLCC just about 15 KM away are still a steal.

Shah Alam Section 25 is also a location surrounded by highway such as KESAS & LKSA connection almost all he way to Kajang and KL in one breeze drive. Housing that available are 2 storey 20 X 60 with prices starting from only RM300,00 and the smaller 3 storey 15 X 55 are from RM250,000.

There are just too many of such secondary housing available and why the need to built more? Why are people not buying from these market? To my observation, there are a few hurdles that these buyers are facing. First of all, with the local bank tightening their lending citeria, most of these buyers do not have sufficient down payment to make it for the 10% whichmost of the seller will insist on receiving it upon the signing of the Sale & Purchase Agreement. The buyer in actual fact probably have enough money in their EPF account 2, but EPF are unable to process the withdrawal without the copy of the SPA.

The houses in the secondary market are also not new  and in need for some form of repair and maintenance. With minimum cash available, these buyers cannot afford to fork out money for such job need for the house.

It will be good if there is an agency who can registered the sellers which is in the afforable housing price tag and introduce it to protential registered purchasers with the services to assist in housing loan with repair or maintainence package attach together. Many people will be able to own a house that can be call home.