HBA Propose Income-allocation Mechanism For PR1MA Home Buyers

KUALA LUMPUR (Bernama) — There should be an allocation mechanism by the government for buyers of Projek Perumahan 1Malaysia (PR1MA) homes following the new income eligibility which has been increased from RM10,000 to RM15,000. 

The House Buyers Association (HBA) said as more people from the middle income group are now eligible to own PR1MA homes, the core objective of the programmes, which is to provide affordable homes to the lower income earners should be safeguarded.

HBA Secretary-General Chang Kim Loong said the increase of household income eligibility to RM15,000 is appropriate given the increase in cost of living.

To read the full article, please visit HBA Propose Income-allocation Mechanism For PR1MA Home Buyers

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Dwellers of Low-Cost Flats Finally Get Strata Titles

STRATA titles for three public housing projects – Taman Tun Sardon Peralihan, Taman Tun Sardon Phase Three flats and Batu Lanchang flats – have finally been issued.

It is understood that some owners have been waiting more than 30 years for the titles.

Penang Housing Committee chairman Jagdeep Singh Deo said that a special sub-committee of strata title applications chaired by him since 2013 had been reviewing strata title applications of six public housing projects.

To read the full article, please visit Dwellers of Low-Cost Flats Finally Get Strata Titles

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Infographic: 4 Habits Can Make You Become A Millionaire

What are the habits can make you become a millionaire?

To know what are those habits, you can visit Infographic: 4 Habits Can Make You Become A Millionaire

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

What Is The Outlook For Hotel Investors In 2017?

SINGAPORE: A report released by JLL Hotels & Hospitality Group reveals the flurry of mergers and acquisitions seen in 2016, with high-profile deals such as Marriott International’s acquisition of Starwood Hotels & Resorts and HNA Tourism Group Co. Ltd’s purchase of Carlson Hotels, is likely to continue this year.

“Hotel brands will always look to bolster their supply pipeline and the surest way to grow is often by acquiring operators with management and franchise contracts,” said JLL Hotels and Hospitality Group senior vice president Lauro Ferroni, adding that portfolios with a full range of offerings from service levels to geography are most attractive to investors.

To read the full article, please visit What Is The Outlook For Hotel Investors In 2017?

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

RM300mil Project to Create 1,000 Jobs in Perlis

The RM 311.4 million mixed development project by TH Properties Sdn Bhd (TH Prop) and Perlis State Economic Development Corp (PKENPS) is expected to generate up to 1,000 jobs, reported Bernama.

To contribute up to RM1.3 billion to Perlis’ economy, the project – which is one of the few mega projects of TH Prop and the state government – is set to be completed in five to seven years’ time. It will be nestled on a 6.58ha site and would involve the development of a shopping complex, two 35-storey service apartment, a hotel, shoplots and offices.

To read the full article, please visit RM300mil Project to Create 1,000 Jobs in Perlis

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

New Transportation Projects Lead to Increase of Office Relocation

More firms are expected to move into Kuala Lumpur’s central business district (CBD), as connectivity is set to be significantly upgraded, while rental prices in the city’s outskirts become more similar to that in downtown, reported The Edge Property.

“Companies considering relocation or setting up a new office may view the CBD as a good possible option because of attractive rental rates, while traffic congestion may no longer be an issue once the Mass Rapid Transit (MRT) and other infrastructure is in place by mid-2017 onwards,” said YY Lau, Country Head of JLL Malaysia.

To read the full article, please visit New Transportation Projects Lead to Increase of Office Relocation

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14 Reasons You Must Consider Owning Rental Properties

I was a 24-year old MBA grad know-it-all. I had life perfectly figured out and I certainly knew everything about investments. Working in the finance industry for a large multi-national firm, I often worked with high net worth business owners. Much to my surprise, these multi-millionaires almost always invested in real estate and were generally seeking out new ways to capitalize on real estate opportunities. I was perplexed, didn’t these highly successful business men and women know that the paltry returns of real estate were minuscule compared to the stock market? I mean, I could show them many “Wall-Street” reports that concluded real estate was a really poor investment compared to stocks and mutual funds.

It was almost a full decade later that I would begin to seek to understand real estate investing in earnest. Thankfully, by this point life had taught me the importance of humility and, that much to my surprise, maybe I didn’t know everything. I began to quickly see that with real estate, the “cards are stacked in your favor.” You enjoy the tremendous benefits and advantages that the wealthy have throughout time. The economic structural systems and tax laws are designed for your benefit! I was excited and started learning as quickly as I could.

To read the full article, please visit 14 Reasons You Must Consider Owning Rental Properties

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5 Essential Features That Make Real Estate Investing Profitable

Every now and then persons trying to make up their minds where to put their money ask me if real estate ventures are more or less profitable, compared to other businesses opportunities around.

My response is always that apart from its potential for yielding significant profits, investing in real estate often confers long terms benefits.

To read the full article, please visit 5 Essential Features That Make Real Estate Investing Profitable

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Always Bet on Safe Real Estate Investment Rather Than Quick Investment

Financial planning and investment is all about finding out where to invest your money so that you can get the best possible returns. Real estate investment has always been considered as safe because seldom the demand for real estate witnesses a dip. Property investment is the safest and there are strong reasons as to why it is given priority than other forms of investments like mutual funds, bonds, stocks and ETF. You can literally grow your money through property investment with minimum risk.

Investors skittish of stock market investments prefer to invest in the real estate market but there are many who have not yet got over the 2008 downturn. Scars of those days have not yet healed for many and they are not ready to invest just for the sake of property investment. They need strong and logical reason behind this investment; they prefer to wait it out rather than put in all their money hastily.

To read the full article, kindly visit Always Bet on Safe Real Estate Investment Rather Than Quick Investment

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Ways To List Your Room For Homestay Or Short Term Rental Other Than AirBnB

AirBnb’s website has a tool to help homeowners gauge their expected weekly income and according to this, the country’s chart-toppers are those in Langkawi who can make RM2,801 (S$939.2) a week, followed by those around Malacca’s Jonker Walk (RM2,495 a week), according to AsiaOne news report.

Close behind are Penang home-shares in Tanjung Tokong (RM2,494) and Pulau Tikus (RM2,449). In Bukit Bintang in Kuala Lumpur, they can expect to earn RM1,676 weekly, while those near Taman Pelangi in Johor Bharu can expect RM2,287 a week. This alone has shown why it is time for you to join in the booming business and earn extra income from your property.

To read the full article , you can visit Ways To List Your Room For Homestay Or Short Term Rental Other Than AirBnB 

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Limit PR1MA’s Special End-Financing Scheme to First-Time Buyers, Says HBA

The Special PR1MA End Financing Scheme (SPEF) and subsequent sale of 1Malaysia People’s Housing Programme (PR1MA) homes should be limited to only first-time house buyers, said the National House Buyers Association (HBA).

HBA secretary-general Chang Kim Loong applauded the SPEF, which will assist the lower income group to obtain financing to buy their PR1MA homes as many potential buyers have been denied financing by banks.

To read the full article, you can visit Limit PR1MA’s Special End-Financing Scheme to First-Time Buyers, Says HBA


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MK Land to Build 500 Affordable Homes in Ipoh

Property developer MK Land Holdings Bhd (MK Land) will build 500 affordable housing units in Klebang and Meru here this year, its Group Chief Executive Officer, K. Mohanachandran said.

He said the single-storey affordable houses would fetch below RM300,000 per unit.

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Property Market In 2017 To Remain Subdued, Office & Mall Space Glut A Concern, Says Rahim & Co

KUALA LUMPUR, 17 February: The Malaysian property market will remain subdued this year, with oversupply concerns in the retail and commercial sectors, said property consultants Rahim & Co.

“On the commercial side, there is a problem of oversupply. Within the next two to five years, 15 million sq ft are coming into the market. That is worrying because the occupancy rate of office space has now dropped to sub-80 (less than 80%). If you own a building and you cannot rent out 20% of your space, then you are going to get into some trouble in your cash flow,” said Tan Sri Abdul Rahim Abdul Rahman, Executive Chairman of Rahim & Co International Sdn Bhd.

To read the full article, please visit Property Market In 2017 To Remain Subdued, Office & Mall Space Glut A Concern, Says Rahim & Co

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Small Developers To Focus On Affordable Homes In Klang Valley

While big property players are focusing on constructing townships outside Klang Valley, smaller developers are building low-cost homes in more mature locations in Kuala Lumpur and Selangor, reported the New Straits Times.

According to NCT Group Founder and Managing Director Datuk Seri Yap Ngan Choy, it’s safer to invest in affordable housing within Klang Valley, as demand for such properties in this location is expected to sharply increase next year.

To read this full article, please visit Small Developers To Focus On Affordable Homes In Klang Valley

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Real Estate Investment Opportunities In ASEAN Look Strong For 2017

According to a statement by real estate consultant JLL, Vietnam is a rising star in terms of real estate investment with strong opportunities in the office, residential and retail sectors. Occupancy of Grade A office space in Ho Chi Minh City exceeded 95% in Q4 2016, while retail occupancy in the city’s CBD was over 92% for the same period. In the residential sector, the number of new apartments launched increased 46% from 2015 to 2016.

“The real estate sector in Vietnam has been hitting its stride since 2015, spurred in part by recent government reforms, such as stronger financial requirements for property developers and the relaxation of rules on foreign investment,” says Chris Fossick, managing director, Singapore and Southeast Asia, JLL.

To read the full articles, please visit Real Estate Investment Opportunities In ASEAN Look Strong For 2017

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.

Amanah Raya to double REIT size over 5 years

KUALA LUMPUR: Trust company Amanah Raya Bhd plans to grow its real estate investment trust (REIT) over the next five years by doubling the fund size and acquiring better assets to improve the returns to the Reit shareholders.

To date, Amanah Raya REIT (ARREIT) has a combined property value of RM1bil.

In the next three to five years, this value will be doubled to RM2bil.

Amanah Raya group managing director Adenan Md Yusof said these goals would be achieved by leveraging on the new strategic alliance with Japan’s largest independent real estate asset-management company Kenedix Inc.

To read the full article on this topic,  please visit Amanah Raya to double REIT size over 5 years

WMA Property is a platform that focus on property market/news in Malaysia, property investment guide and provide the property investment education in Malaysia.