The hottest topic in the beginning of the year is always Outlook, Outlook, Outlook. Do we need the crystal ball from the Gypsy fortune teller to answer the question? Fortunate for us, we are on the age of Internet era, and getting information is just by the touch of fingers and the click of buttons. Let us review the performance of the Malaysia Market in year 2017.
In 2017, Malaysia has surprised the market with upside economic growth which driven by the strong domestic demand and high exports. This strong domestic demand was due to the improvement in both investment and consumption as private consumption grew 7.1 percent and private investment grew 7.4 percent in Q2 2017. The exports growth was supported by petroleum products and manufacture of metals, total export was RM83.5 million in November 2017...
As a property investor or homebuyer, researches about the property needed to be done before making any buying decision. Of all the questions that one have to answer to himself, land title is one of the most important thing that have to be taken into consideration before buying a property. In Malaysia, all state land belongs to state authority (Section 40 of National Land Code, 1965).
Leasehold is where the ownership tenure is granted for only 30, 60 or 99 years. In another words, when one buys a property that ties to a lease, he will have the right to live there but will not own the land or any building on the land. When a lease reaches its end, the land is reverted back to the state authority. One will need to either apply for a renewal of lease before its expiry or surrender the land back to the owner and no compensation is entitled...
Buying a property is almost every Malaysian ultimate financial goal, are Millennials financially ready to buy a property? Do millennials still have a gloomy outlook on their chances of owning a house today?
Malaysia Financial Planning Council found that among the older millennials (30-36 years old) cost of living remains the highest ranking financial concern for them while the young millennials (21 to 29 years old) find unaffordable property their biggest worry followed by the high cost of living. Khazanah Research Institute published a report said the Malaysia’s housing market was “severely” unaffordable because the median house price is 4.4 times the median annual household...
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