What is Mont Kiara like?

What is Mont Kiara like?

In this video the author went for a walk around Mont Kiara and hear what some of the residents have to say about the area. The key selling points he found for the area are as follows: Walkability Self-contained with many hip and trendy shopping malls, dining restaurants, cafes, and other places of recreation Emphasis on security The presence of international schools He concluded that if he were to make Kuala Lumpur his home he would consider Mont Kiara as one of the top places to live...
Property Financing in Malaysia

Property Financing in Malaysia

Property Financing in Malaysia There are hundreds of different home loan products on the market that fit into each of the types of loans explained below. With so many loan packages offered by Banks and Financial Institutions, how do you know which one suits you best? We have provided some pro’s and con’s to help you understand each loan type. Refinance Refinancing your home loan to save on your current interest rate and reduce monthly repayments and/or loan tenure and to tap into your home equity for additional funds for emergency and other ventures if your home has increased substantially in value. If your home loan is more than 5 years old, it is likely that you are servicing your loan at a higher interest rate than what is on offer by financial institutions today. However, with the many competitive home loans products on offer especially ones that will cover any refinancing costs including the exit penalty fee exploring refinancing is a worthwhile for loan which is still under lock-in period. Refinancing is to reduce your current interest rate, monthly repayments and/or loan tenure and also consolidate your debts and deposits for better cash flow management Longest Loan Tenure Ability to redraw all that you have paid into your loan. Revolving credit limit increases as your property appreciates. Older borrowers. Those with insufficient retirement savings.Revolving credit that increases as home value increases. Re-use all sums paid into loan.Penalty for prepayment fees. Zero Payment (During Construction) Allow you to pay nothing during the whole contruction period. Construction property. Borrowers who are low on deposits but still want that dream house....
A Closer Look at the Greater Kuala Lumpur Property Market

A Closer Look at the Greater Kuala Lumpur Property Market

As Malaysia’s primary economic engine, Kuala Lumpur and its environs exert a strong influence on the rest of the country and remain a key attraction for property investors. Here, an industry insider looks at the realities of today’s market in Greater Kuala Lumpur. Beginning at the muddy confluence of the Gombak and Klang rivers as a tin mine settlement in the mid- 1800s, Kuala Lumpur has blossomed into a bustling metropolis, teeming with an international population. Today, Kuala Lumpur is Malaysia’s largest city and conjoined with its surrounding areas, is known as Greater Kuala Lumpur (GKL). It is only natural that GKL sets the benchmark for property prices and innovation. Pioneering ideas like managed service apartments, ultra-luxurious branded apartments, and lifestyle properties, developers in GKL consistently push the boundaries of property development, paving the way for other areas. In the future, Iskandar Region in Johor may parallel GKL, but for now, GKL is the protagonist in the property play. In the last few years, Malaysia’s property market has come under intense scrutiny. East Malaysia, GKL, Penang, and Iskandar Region in particular have seen price disparity grow to alarming levels. In Merdeka Center’s 2012 National Public Opinion Survey, providing an affordable housing scheme to the people was a close third amongst nine issues that Malaysians expected of the government. People’s sentiment, new policies, and the dynamics of the economy at large promise an interesting year in 2015 for the property market in GKL. A Quick Look at GKL Before diving into the thick of the matter, it would be important to appreciate the concept of GKL. Greater Kuala Lumpur is...