2013 Entry Post

This is my first post in 2013. I would like to take this oportunity to wish all of you SELAMAT HARI RAYA AIDILFITRI MAAF ZAHIR BATIN

PKNS...KUANG PERDANA

On 13th Oct, me, wife and Amani went to Kuang for the launching of Kuang Perdana. The most captured my interest was the design itself. It is modern look good interior and exterior design. The most interesting part is rebate offered by developer besides 7% Bumi discounts. PKNS offer additional 3% discounts which I'm confident 2nd house buyer able to apply 100% loan for this unit.

Honestly the location a little bit far and isolated from the hectic of city life. It is surround by green and fresh environment.  We went there from Shah Alam using Guthrie Highway and straight away to Bandar Rahman Putra. Actual Kuang Perdana and Rahman Putra is nearby. It is about 15 minutes drive from Rahman Putra before reaching Kuang Perdana. The challenges are the main road is a single lane road, difficult to overtake due to bent crooked road and a lot of big lorry carrying dirt to construction site.

Finally, we decided not to proceed for the booking and continue on hunting for our dream house.

There are 3 types of unit in KUANG PERDANA
1) Semi D : Start from
2) 3 Storey Link 20 x 60 : Start from RM 46+K
3) 2 Storey Link 20 x 60 : Start from RM 36+K

The selling points promoted by PKNS are beautiful-landscaped theme, privacy and exclusivity with only 6 Semi-Detached and 39 link homes. A Modern and Comfortable home for a new chapter of life.

For further info please go to KUANG PERDANA official web site as below link for the details
http://www.kuangperdana.com/pdf/kuangperdana.pdf

 

20' X 60' Two Storey Link  

 

 

I Like....

 

I don't think the porch can fit 2 cars

 

Living room a little bit small. Built up for 20 x60 is 1500++ sqft

 

Window type blinder on Master Bedroom

 

 

Staircase with wooden finishing

 

Good colour combination but shower screen not provided

 

Amani with Mama

 

Balcony only for the 3 storey unit. Nice view and facing 2 storey units.

 

Mentari Court Blok B, Level 9 FOR SALE!

Anyone interested? Please call or SMS me @ 0122538914 any time & anywhere. The unit currently i rent it out to a group of student (RM850 / month). They interested to rent it until 2013. Vey good tenant and all of them are girls. huhuhuhu... TERBAEK!!

The details as below:

CONDITION OF THE HOUSE:

1.Standard unit with full tiles
2.Grilled
3.Good Condition with all basic appliance functioning well
4.Nearest unit to the lift at that level

TRAVEL DISTANCE:
*5 minit to Sunway Piramid
*6 minit to Taylor's College
*12 minit to Subang Jaya
*14 minit to Puchong
*21 minit to Shah Alam
*24 minit to Klang
*31 minit to Kota Damansara
*31 minit to Kuala Lumpur
* Reference : Google Maps

FACILITIES:
1.Swimming Pool
2.Gym
3.Playground
4.Dobi
5.Mini Market
6.Food Court
7.Jogging Track
8.Taylors College
9.Surau

ACESSIBILITY:
1. Federal Highway
2. New Pantai Expressway (NPE)
3. KESAS

TRANSPORTATION SERVICE:
1.KTM station
2.Public Bus
3.TEKSI

*Maintenance RM80/month
*DIJUAL DENGAN SEGERA*
*PEGUAM & PINJAMAN BOLEH DIURUSKAN*
*SELLER CAN ARRANGE LOAN (HIGH LOAN WITH LOW INTEREST) AND PROPOSE LOWEST LEGAL FEES
*SERIOUS BUYER ONLY*
*1ST COME 1ST SERVED*
*3% BOOKING FEE "+" 7% UPON S&P AGREEMENT (Fail Loan-Everything will be returned)


You can refer the full addvertisement in Mudah.my by click to this link http://www.mudah.my/Mentari+Court+PJ+Blok+B-14425120.htm.

BUMP!!

HIGH COST APARTMENT @ SHAH ALAM SECTION 18

Currently sitting in the boardroom for PMO weekly project meeting. The CIO nagging on incomplete data and human issues which result blaming the system itself... Most of the issue complaint ticket was due to incomplete data and people attitude which not perform their job accordingly. Having a fully integrated system from A to Z requires high commitment from all division to perform their task efficiently and accurately. Any mishaps in the middle will lead to incomplete process. Looking at this scenario, the end user will always be the victim. I'm quite frustrated because having a good SAP system which cost to the company millions of ringgit but yet people themselves not prepare to use it effectively. Their current nature of work are in silo environment which communication break down and poor competency make the situation even worse.

Forget about it and let concentrate with property investment.....

If you drive through along Uitm hostel Section 18 and Sekolah Kanak2 Khas on the left side, you will notice that there is new construction activity on your right side. The project called "Cadangan Membina Satu Blok Pangsa Kos Tinggi (60 unit) - 13 Tingkat" as shown on the picture.

Facilities in the building as below:

• 1 unit - Surau (Level 2)
• 1 unit - Tadika (Level 2)
• 1 unit - Dobi (Level 2)
• 1 unit - Gymnisium (Level 2)
• 2units - Kiosk (Level 2)
• 2 Level of Podium Parking

* The funny thing is they mentioned 1 unit of DOBI for two times on the billboard and the location is the same which is at Level 2. I'm not sure either they overlook on it or try to show that this apartment has a lot to offer to the buyer. hahahah....

I did contact PKNS and confirm with them on this project status. The lady who pick up the phone confirmed that it is still a new project and not been advertise anywhere including their website. Price ranging from RM250 000 to RM300 000. Anyone who interested can register their name to PKNS Shah Alam and for further info please contact 03-5519 2211.

I did some research on the developer Asal Bina Sdn Bhd. The project was awarded to them somewhere in 2011. They are bumiputra developer and looking at the list of project awarded to them it seem that they are reputable developer.

Asal Bina Sdn Bhd project list.. Zoom in to item no 4

Billboard of the project

Work in Progress (WIP)

My Last Post In 2011

Honestly this year is the best year in my life. I would like to cherish every single moment I had with family and friends. Thanks to all readers and HAPPY NEW YEAR!!!!

Kristal View @ Seksyen 7, Shah Alam

It has been a long....long.... time since my last post in this blog... Damn bz with my daily routine..  Its kinda bored and frustrating... Lately I'm do a lot of thinking of switch to other company... hahahha... Job hunting and searching for better offer. Its not that easy.... Walk away from my comfort zone... I need to survive in open market which currently very challenging than 4 years ago...  Y I said 4 years?? Because this is my fist job since I'm graduated in 2007. Y I'm working in this company??? The answer is easy....I'm bonded for 3 years.... No where to run...hahahhaa...

Properties...oh properties... Since the Big G announced that for the third house I'm only eligible to apply loan 70% of market value.... "Pelangi anganku musnah"...haahhaahah... Too bad... Even tough there are few methods recommended by so called "Properties expert" to overcome this obstacle such as buy a house which way below than MV or find a JV partner which entitle for 90% loan.... My honest opinion  is " Its easier said than done"

I aggreed with one of the blogger mentioned that to be a "realistic investor" I need to be paid at a handsome monthly salary.... At least RM6k to RM7k per month... With that amount of money I can save a big portion of it for deposit, downpayment, legel fees, repair works and etc.... She also quoted that most of the millionaire or billionaire made their first million bucks throughout their monthly salary.... Can i acheive that??? Easier said than done...huh.... Need to work hard and smart for it....

Back to the business, below is one of the opportunity for you guys out there to own a good properties at a good location... Easier to get tenant and good resale value.

The details as below

BANK NEGARA PRESS RELEASED: New Measures on Credit Cards to Promote Prudent Financial Management and Responsible Business Practices

Bank Negara Malaysia wishes to announce new measures on credit cards in continuous efforts to inculcate sound financial and debt management among credit card users. These measures are also aimed to promote fair and responsible business practices by credit card issuers with further enhancements in the cards security infrastructure. With immediate effect, the eligibility requirements for credit cards are revised as follows:

• The minimum income eligibility for new credit card holders is set at RM24,000 per annum;  For cardholders earning RM36,000 per annum and less, the following would be applicable:
• Cardholders can only hold credit cards from a maximum of two issuers.
• Existing cardholders who currently hold credit cards from more than two issuers are given up to the end of 2011 to select their preferred issuers. Cardholders will also be given at least two years to service their outstanding credit card debt for the credit cards that have been cancelled for the purpose of meeting this requirement.
• The maximum credit limit extended to a cardholder shall not exceed two times their monthly income per issuer.
• For existing cardholders, whose credit card outstanding balance exceeds the maximum credit limit, a grace period of two years will be given to them to meet with the new requirement.

Card issuers will engage with the affected cardholders to assist them in restructuring their repayments to facilitate the smooth implementation of this measure. In addition, cardholders can also seek the assistance of Agensi Kaunseling dan Pengurusan Kredit (AKPK) for advice on their debt management.

Responsible Business Practices in Provision of Credit Cards

Credit card issuers are required to adopt fair, transparent and responsible approach in marketing and offering of credit cards to consumers. Issuers are not allowed to increase cardholders' credit limit without obtaining their consent. Issuers are also not allowed to offer a credit advance in the form of cheque payable to the cardholders unless the cardholders have requested for the credit advance.

To facilitate consumers in making comparison and informed decisions, card issuers are required to provide a Product Disclosure Sheet that contains key information on the card's features, fees and obligations of the cardholders. Issuers are also required to display prominently alerts to communicate to cardholders the implications of meeting only minimum and partial repayments. At the end of each year, customised information on how long it will take to fully pay off the cardholder's outstanding balance and the total interest costs if the cardholder only makes minimum repayment will be issued to each cardholder. This will be effective for annual statements issued from December 2011.

Further Enhancements to Credit Card Infrastructure Security

In the effort to further enhance credit card security and to promote public confidence in the usage of credit cards as a safe payment instrument, effective 1 January 2012, transaction alerts via Short Messaging Service (SMS) will be implemented by card issuers for their cardholders after transactions are performed. This will be followed by the implementation of the Personal Identification Number (PIN) verification for all card transactions from 1 January 2015 onwards.

For further information on the new credit card guidelines, members of the public can contact ABM Connect at 1-300-88-9980, the contact centres of their respective card issuers and Bank Negara Malaysia's Telelink at 1-300-88-5465.

Bank Negara Malaysia

18 March 2011

Belaian Bayu Market Value....Is it True???

Last week there were a young couple and real state agent viewed the unit next to mine. They seem very interested to buy the house...

ME : What is your selling price?

AGENT: RM210 000

Wow!! That is a huge number. Last 2 years I bought my unit only at the price of RM151 000.

ME: Is it negotiable?

AGENT: A bit..

ME: Why the price is sky high???

AGENT: Maybe because the neighbourhood is matured and the public amenities is nearby. Esspecially the new carefour at sek23.

ME: Yes...it make sense.. How much the bank value the house.

AGENT: Around RM215 000..

ME: Wow again.......hahahah... 90% of it buyer will get a loan for RM 193500..Not inclusive MRTA and legel fees...

Thanks to Allah... Me and wife make a wise decision to buy the apartment. Hopefully the price will continue to rise and hit RM250 000.

T. Harv Eker’s JARS Money Management System

There are a lot of tools or methods out there to assist me on managing my money. I am interested to implement 6 JARS of Money Management System which I found is very useful . Anyone can start using this JARS method of managing their money even though if you think you do not have a lot of money to manage. The key is to develop a habit of managing your money, but not how much money you have available for you to manage. One must get into the habit of managing their own money, and you can start with as low as $1 to begin using this system.

Below are the recipes and ingrediants to prepare my JARS.
*Financial Freedom Account (FFA) = 10%

*Long Term Savings For Spending (LTSS) = 10%

*Education (EDUC) = 10%

*Necessities (NEC) =55%

*Play = 10%

*Give = 5%

Here are how the JARS system works:

*Financial Freedom Account (10%)

Put 10% into your FFA whenever you receive money, such as your salary. You must NEVER, NEVER spend the money that you put inside your FFA account. Any money inside the FFA account can only be used to purchase or acquire passive income streams to grow your money. You may spend the interest acquired from the FFA if you choose to, although it is recommended that you do not. Keep the interest inside the FFA to grow your capital and interest faster. Think of your FFA as the golden mother goose that lays you golden eggs, if you spend the money inside the FFA, it is akin to killing your mother goose that will bring you golden eggs (your riches). Instead, keep the baby geese (FFA’s interest) that the mother goose is giving you, and you can grow more baby geese (your wealth) even faster. As you may already get it, the idea is to create a golden goose! You may prefer to think of the FFA as a legacy that you can leave behind for your future generations. If you are one who believes in the law of attraction, this FFA is actually your money magnet. Keep putting more money into your FFA and attract more $$$ into your life! Put $$$ into your FFA account everyday if you can, even if it is just a penny.

In summary, the time to spend your FFA capital is NEVER! When you stop working, you get to spend the eggs but never the goose!

*Long Term Savings For Spending (10%) 

Put 10% into your LTSS whenever you receive money, such as your salary. The money inside LTSS can be used for major expenditure such as savings for your children’s education, buying a house for yourself, keeping aside contingency funds.

*Education (10%)

Put 10% into your EDUC whenever you receive money, such as your salary. You can use the EDUC funds for your self-education, for examples, books, seminars and events etc. Everyone needs to learn, especially in this changing world. Grow your comfort zone through learning and doing. If you are not growing, you are dying!

Take this quote from Ben Franklin: “If you think education is expensive, try ignorance!”

*Necessities (55%)

Put 55% into your NEC whenever you receive money, such as your salary. You should use the funds inside your Necessities account to settle all your essential bills such as phone bills, electricity, clothings, eating, driving, travelling, hair etc. If you cannot survive on 55%, simplify your lifestyle. Instead of driving a car, perhaps you can take public transport, or drive a Honda instead of a BMW. Buy Converse jeans instead of Armani. There are people who cannot live on 55% NEC when they started the JARS system but over time, these same group of people are able to simplify their lives and live on 50% or lesser!

When your usual needs for instant gratification kicks in, think this: “Wealthy people think Long term. Poor people think Short term.”

*Play (10%)

Put 10% into your Play account whenever you receive money, such as your salary. You are supposed to spend this money every month to pamper yourself. The key is to BLOW this Play money away every month so that you will feel good about having money and spending it! You should feel guilt-free when you spend this money every single month. Maybe you go for massages once every month, now you can use this money to really pamper yourself by going twice, thrice or as much as you want. Or you can try ordering champagne during dinner at a restaurant if you do not usually do. Or buy yourself a new gadget. Anything outrageous that you can do to pamper yourself and makes you feel really good. You are recommended to BLOW this money every month. However, if you need to save up for things such as short trips getaways that require a little more money, you can accumulate them up to a few months, say a quarter, before you use them.

*Give (5%)

Put 5% into your Give account whenever you receive money, such as your salary. You can use the money for donations to charities, use it to help someone in need. Giving is important. If you choose to give 10%, take the extra 5% from your NEC and change the % allocated for NEC from 55% to 50%.

P/S: For more info click this link http://secretsofachievers.com/financial-success/t-harv-ekers-jars-money-management-system/

Refinance Your House??? When Is The Best Time To Do It???

This knowledge sharing was given by Milan Doshi in his best-selling book “How You Can Become a Multi-Millionaire Real Estate Investor!”, The main objective for a property investor refinance their house is to gain their downpayment that they invest earlier. That large amount of money will be beneficial for the next property downpayment and others.

From my point of view, this method is a valuable tool esspecially for small time investor (Gaji Ciput) like me. In order to sustain in property investing I need a pile of money for:

1) Downpayment (Currently LTV only covered 70% for 3rd and onwards property I wish to purchase)

2) Legal Fees (So far Rafida Razak gave the chepest rate, if interested contact me for referal)

3) Repairing works (Only purchase a house which required minor repairing works)

4) Hidden cost that I failed to anticipate ( My bad...poor forecasting)

If you are property speculator, I dont think you will adopt this method.. The reason?? Refer to my previous post -----http://firkhld.blogspot.com/2010/11/who-are-you-property-speculator-or.html. Unlike other returns like Rental Yield, Capital Appreciation, etc., it’s not possible to come up with a number or do an “apple-to-apple” comparison against other investments.

Case Study For Reference

1) Purchase Price = RM116,000 (Sub Sale = Below Market Value)
2) Market Value = RM130,000
3) Manage To get 100% loan = RM117,000 (additional RM 1k in hand)
4) MRTA '+' Legal Fees = RM4,775
5) Total Loan applied = RM 121,775
6) Interest = BLR - 1.8% = 4.5%pa (Terapung nih..bkn fixed)
7)Tenure  = 40 years (Coz aku muda lagi...huhuhu)
8) Yearly Installment = RM6,569 or RM547 per month
9) Rental = RM850 per month which is enough to pay the monthly installment and service charges.
10) Hence the Cashflow = Ada la sikit utk anak bini makan....

Assumptions: Interest rate remains unchanged, no rental increase and price appreciation over 40 years

Take a look at how the loan of RM121,775 reduces over time from the Loan Amortization Table below:

 



 

There are 2 situations to derive both figures above:

 

1) I am as Mr. Investor:

 

In 20 years time, the Net Worth would increase from RM 8,225( Consider as downpayment... padahal dpt 100% loan..hehehe) to RM140,362,62. Meanwhile in 40 years time, the Net Worth is RM 411,713.51. This large amount is generated from twin benefits of property appreciation of 3% pa.

 

2) I am as Mr. Opportunist:

 

He is a person which not into properties and afraid taking loans from the bank. He chooses to diversify her RM8,225 into paper assets instead, the 20 years Net Worth grows to :

 

At 10% pa compound interest = RM 50,303.35

At 12% pa compound interest = RM 70,839.96

At 14% pa compound interest = RM 99,158.07


Conclusion Base on 20 Years
1) Net Worth wise, Mr Investor excellant all the way until the 20th year (Aku tak rase nk simpan rumah nih selama ini...huhuh). His Asset Value after deduct outstanding loan remaining is RM 140,362.62 . Wow!!! That is a huge amount.

2) Meanwhile Mr. Opportunist only chalk up compounded return maximum (14%) about RM 99158.07..

3) Pity to Mr. Opportunist, due to his procrastination and lack of self confident, he has missed the opportunity to become richer RM 41204.55 ( Topup sikit bole beli ZX10 mcm abg donny)

WHO ARE YOU??? Property Speculator OR Property Investor

I would categorized myself as an INVESTOR. Which one are you?? SPECULATOR or INVESTOR.. Article below will enable you to differentiate who you really are or what are you going to be.

Different between speculator and investor is SPECULATOR makes money only when he/she SELLS an INVESTOR makes money when he/she BUYS.

For example, a speculator buys a RM100K property for RM100K, and hopes to sell at RM120K. An investor buys a RM100K property for RM60K, thus making a "profit" when he buys. He might sell it at RM100K, but usually he sells it at RM90K (leaving "some" profit behind) for the speculator.

In my opinion, I think a property speculator is someone willing to gamble on the unknown in the hopes of making significant gains. A property investor is someone who decides exactly what it is worth (value-wise) and makes a 'safe' property investment in an established place.

Speculators in property have a short time horizon. Most are looking to flip properties & make a fast buck in times when property prices are moving upwards. They typically want to get out within a year or even weeks if possible.

In terms of knowledge, most speculators do not really comb through the property in detail. They have no interest in looking at rental yield, mortgage cost, location, condition, etc, factors most investors are concerned with. As long as they believe a property will move up in price quickly, they will jump into it. In short, most speculators are only looking for a rapid rise in capital appreciation. An investor on the other hand has a longer time frame & spends lots of time reading & researching his/her investments .

Micro & macro economic factors such as:

1) The rental yield & how it compares with comparable units

2) The mortgage cost, whether rental can cover mortgage cost & have some left over for time when units will be vacant.

3) Specific location of the unit, development & its comparison with similar properties. If other nearby projects are slated for development & how that would affect the property in question.

4) Tax issues, use of properties to offset taxes

5) The economy, how the economy will fare in 3, 5 or longer years & how that will affect the property concerned.

6) Only 70% Loan to Value (LTV) for third house and above

In short, an investor wants to maximize all possible returns from the property from all possible angles: from capital appreciation, mortgage payment, cash flow & taxes. Whereas, most speculators are only concerned with fast capital appreciation. Speculators try to anticipate and profit from price changes while investors seek only to acquire property at a reasonable price.

Property Speculator

1. Makes short term gain (30% or more), 3 months to 1 year.

2. Normally, buy at developer price & resell, and make significant profits

Property Investor

1. Using own system, plan well when buying.

2. Looking for rental/passive income.

3. Long term goals: 5-year plan, 10-year plan etc

4. More on buy & hold property as long as it makes significant passive income.

P/S : Most of the input taken from Properties Guru, Milan Doshi

Maximum Loan To Value (LTV) only 70% for 3rd house and above.

I hate to say this but our nightmare finally came out. To those who are interested to purchase their 3rd house or more.. Think twice, check your financial capability and know your limitation. For big pockets and high profile investor.. this is good news for them because less competition for them to gain houses in strategic places. My humble condolence to small time investor like me who need to work hard and save more for that 30% downpayment... It will took years to save RM 60K for downpayment of house valued RM 200K

Below are statement release by Bank Negara for further understanding:

Bank Negara Malaysia wishes to announce with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policies. The measure aims to support a stable and sustainable property market, and promote the continued affordability of homes for the general public.

At the national level, residential property prices have increased steadily in tandem with economic development and the rise in income levels. This aggregate growth trend remains largely manageable and has not deviated from the long term trend in residential property prices. In the more recent period, however, specific locations, particularly in and around urban centres, have experienced faster growth, both in the number of transactions and in house prices. This is further supported by an increase in financing provided for multiple unit purchases by a single borrower, suggesting increasing investment activity that is of a speculative nature.

The targeted implementation of the LTV ratio is expected to moderate the excessive investment and speculative activity in the residential property market which has resulted in higher than average price increases in such locations. This has also led to increases in house prices in surrounding locations, thus contributing to the declining overall affordability of homes for genuine house buyers. This measure therefore remains supportive of the objective of encouraging home ownership among Malaysians which continues to be an important national agenda.

 

Introduction of the Financial Capability Programme

 

As part of the continuous efforts to raise the level of financial literacy and to promote sound financial and debt management by Malaysians, Bank Negara Malaysia also wishes to announce the introduction of the Financial Capability Programme. This Programme will be offered by Agensi Kaunseling dan Pengurusan Kredit (AKPK) through its establishments nationwide and will commence from January 2011. The Programme is aimed at equipping individuals with important knowledge for responsible financial decisions by gaining practical understanding and skills in money and debt management. This in turn will contribute towards preserving the sound financial positions of households and ensure that debt accumulation is commensurate with household affordability, including their ability to absorb interest rate adjustments and potential volatility to income and expense levels. Individuals particularly new prospective borrowers and young adults are strongly encouraged to participate in this specially designed programme. The details of the implementation of the Financial Capability Programme will be announced later in December this year.

 

Bank Negara Malaysia

3 November 2010 , http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2159

© Bank Negara Malaysia, 2010. All rights reserved.

Kadar pembiayaan rumah kekal 90% hanya untuk RUMAH PERTAMA dan RUMAH KEDUA

Utusan Malaysia
22/09/10

KUALA LUMPUR 21 Sept. - Bagi memastikan golongan muda dan berpendapatan rendah mampu memiliki rumah sendiri, kerajaan membuat keputusan untuk mengekalkan pembiayaan rumah kepada 90 peratus.Perdana Menteri, Datuk Seri Najib Tun Razak berkata, kadar pembiayaan rumah itu kekal untuk pembelian bagi rumah pertama dan kedua sahaja.

Beliau berkata, kerajaan juga tidak berhasrat mengurangkan kadar pinjaman perumahan daripada 90 peratus kepada 80 peratus pada masa ini."Bagi pembeli yang sudah memiliki beberapa buah rumah dan berhasrat untuk membeli rumah lagi, kemungkinan jumlah pinjaman akan dikurangkan kepada 80 peratus sebagaimana dicadangkan," katanya kepada pemberita selepas mendengar taklimat Lembaga Pengarah Bank Negara Malaysia (BNM) di sini, hari ini.

Beliau berkata demikian bagi mengulas cadangan BNM yang mahu mengkaji semula cadangan supaya bank-bank tempatan mengurangkan pinjaman perumahan daripada 90 peratus kepada 80 peratus.Namun, cadangan itu mendapat bantahan daripada beberapa pertubuhan bukan kerajaan (NGO) yang melihat ia akan menjejaskan peluang golongan muda untuk memiliki rumah.

Malah, ada gesaan supaya BNM menangguhkan cadangan menurunkan nisbah pinjaman berbanding nilai (LVR) pajakan sesuatu hartanah kepada 80 peratus. Dalam pada itu, Perdana Menteri berkata, kerajaan mengambil sikap terbuka berkenaan cadangan untuk membenarkan ringgit diniagakan di luar pesisir, 12 tahun selepas ia dihentikan. Ringgit kini diniagakan pada paras tinggi dalam tempoh 13 tahun pada RM3.10 berbanding dolar Amerika Syarikat.

"Ringgit kita mengukuh seiring dengan asas-asas ekonomi yang menggalakkan dan ini tidak menyebabkan sebarang kesan teruk pada perdagangan dan pelaburan ke Malaysia," kata Najib. Beliau berkata, kerajaan akan mengambil beberapa langkah serta mengkaji secara mendalam sebelum rancangan ringgit diniagakan. Katanya, kerajaan sentiasa berhati-hati dengan langkah tersebut agar kesan krisis kewangan 1997 tidak berulang di samping menjejaskan nilai ringgit yang dilihat begitu kukuh ketika ini.

P/S : Mcm mana nak beli rumah ketiga, keempat dan seterusnya??? Penat nak kumpul downpayment 20% tuh......

Investment Opportunity in Cyberjaya

Is it worth it to buy? You do the Math....

 

Wish to own properties in Cyberjaya....

50% picked property if have RM1 million

Almost 50% of the 1,211 respondents picked properties as the number one item that they would buy if they had RM1 million. For this group, they are in good company. Datuk Tony Fernandes, the group CEO of Air Asia Bhd, was once asked the same question 5 years ago by a leading Malaysian business magazine. His answer? Apart from Air Asia shares, he would definitely invest in property and unit trusts.
“With property, I feel you can never go wrong as long as you buy in the right area,” he was quoted to have said.

The rest of the results were unsurprising. With lingering reservations on the economy, not many would want to venture into a new business, nor even invest in shares, bonds, REITs, life insurance or unit trusts. Fixed deposits were the least favoured by the respondents.

Interestingly, 9% or 106 respondents expressed a desire to emigrate. Again, it’s hardly surprising given that the brain drain is still ongoing since the last few years when our economy dipped. Although, it’s on a recovery trend, some may have had enough already.

Almost 200 respondents or 17% were leery of the RM1 million figure given. And why not? With many property prices straddling the RM1 million figure, the vast majority have been priced out of choice properties in prime locations. The message is clear: Property prices are running ahead of average incomes. This group awaits Malaysia’s Transformation into a High Income Economy with bated breath.

If you have RM1 million cold cash to invest, how would you spend it?

Article from : http://www.iproperty.com.my/news/2400/50-picked-property-if-have-RM1-million-

Penjamin Juga Boleh Diisytihar Bankrap

mStar Online
Oleh IWAN SHU-ASWAD SHUAIB

RAKYAT Malaysia yang menjadi penjamin juga boleh diisytiharkan bankrap sekiranya terdapat perintah mahkamah terhadap peminjam utama yang gagal melunaskan hutang.Ketua Pengarah Jabatan Insolvensi Malaysia, Datuk Abdul Karim Abdul Jalil berkata, ia mungkin sukar dipercayai namun itulah hakikatnya menyebabkan banyak pihak terus mempersalahkan jabatan itu.

Menurut beliau, timbul suara tidak puas hati mengatakan Jabatan Insolvensi Malaysia bertindak zalim kerana turut memusnahkan kehidupan mereka yang tidak berhutang.“Perlu diperjelaskan bahawa kami tidak membankrapkan mereka dan sebagai penjamin, mereka sepatutnya bertanggungjawab ke atas jaminan itu.

“Jika peminjam utama gagal membayar hutang maka penjamin perlu mengambil alih tanggungjawab itu,” katanya kepada Mingguan mStar.Dari tahun 2005 sehingga Jun tahun ini, seramai 81,908 individu diisytiharkan bankrap membabitkan jumlah hutang RM71.36 bilion.

Daripada jumlah tersebut, 4.66 peratus merupakan penjamin sosial manakala penjamin korporat 5.32 peratus.

Abdul Karim berkata, isu penjamin diisytiharkan bankrap menimbulkan pelbagai reaksi dan kekecohan kerana menyifatkan tindakan itu tidak adil.Bagaimanapun katanya, kedudukan penjamin dipinda menerusi Akta Kebankrapan 1967 pada tahun 2003 telah mewujudkan perbezaan antara peminjam utama dan penjamin.

“Pindaan telah menjelaskan bahawa pemiutang tidak boleh mengenakan tindakan undang-undang terhadap penjamin secara terus kecuali boleh dibuktikan di mahkamah membabitkan hutang peminjam utama,” ujarnya.Menurut beliau, Jabatan Insolvensi Malaysia turut mempunyai budi bicara bagi membantu penjamin keluar daripada status kebankrapan dengan persetujuan pemiutang.

Tambahnya lagi, rundingan bukan saja membabitkan permohonan pelepasan kebankrapan malah jumlah bayaran hutang yang perlu dijelaskan atau dividen.Justeru, beliau menasihatkan orang ramai supaya tidak mudah menjadi penjamin dan mengambil langkah berhati-hati.

“Paling penting, kita perlu tahu kemampuan untuk menjadi penjamin, mengenali siapa yang mahu berhutang dan keupayaannya untuk membuat bayaran. “Jangan menjamin seseorang itu atas dasar kasihan kerana kesannya kelak tidak akan mengasihani kita. Buat keputusan dengan bijak,” kata Abdul Karim.

Learn How to become a Multi-Millionaire in Property Investment

This is guest post by Mr.Milan Doshi, Financial Trainer and Best Selling Author of “How You Can Become a Multi-Millionaire Real Estate Investor!”.

Do You Know more than 90 percent of World’s Millionaire either Made or Parked their Money in Properties? It is a fact that Properties Investment provide an Excellent Financial Leverage!

1) Why choose Property Investing as a main Investment Vehicle when there many Exotic Investment Option out there like Stock, FOREX, Option, Gold, Land Banking etc?

Unfortunately there is no “perfect” investment that gives you the best of everything. Each investment vehicle have their plus and minus points. Hence, there are No Right or Wrong investments. You need to know what is available out there and find the right investment vehicle that suits your unique investment profile. I choose Properties to be my main investment vehicle as real estate is able to provide Great Financial Leverage. You only need to come out with a small down payment in order to own 100% of an asset because the banks are willing to lend money for the property purchases. Your chances of becoming rich via Properties is Slow, Steady and Surer compared to other Volatile Investment like Stocks, FOREX, Options, etc. One year from now, you can estimate up to 95% accuracy your Net Worth (ie Assets less Liabilities) in Property Investments. In other investments, you will be unable to do so. Your investments may be up by or down by 50% or more.

“If you think education is expensive, try ignorance” -Derek Bok
 
 
2) How to get start in Property Investment?

First, get the Knowledge by Reading Property Investment Books and Invest in Property Investment Seminars. Just by doing these two things alone, you will be far Great ahead compares to people who do it via the more costly Trial and Error method. However knowledge alone will be any Good if you do not take ACTION! It’s good to start off with Low or Medium Cost Apartment to get the experience before going for higher end properties. The first few property purchases are usually the most challenging as there is a lot of learning taking place. The good news is that things become easier and easier in property investments. Subsequent purchases become very easy and you can literally buy with your eyes closed once you have purchased more than 10 properties.

3) What Are the Investment Formula or Strategies To be Use?

There are more than Ten Investment Strategies like Buying from Developer, Buying for Rental Returns or Capital Appreciation, Property Flipping, Commercial Property Investing, Auctions, etc. Based on your Unique Investment Profile, pick maximum three Investment Strategies and specialize in those three areas.

The Key here is Focus.


4) What is Zero Down Property Investment?

It simply mean Buy with little or zero money. In another word, take out little Capital and Borrow to the maximum

5) Do Zero Down Property Investment Exist?

YES


6) How the Zero Down Property Investment is Possible and do you have any Real life Case Study?


Read my book called “How You Can Become a Multi-Millionaire Real Estate Investor!” I have entire chapter dedicated to this topic.


7) What skill are needed to be successful in Zero Down Property Investment?

•Negotiation skill

•Ability to look up for not just Good but Great deals

•Very close and in touch with the current Property Market

•The most important is Patience. Only One out of ten properties could qualify for this Zero Down Property Investment method.


8.) Is the Negotiation skill an Inborn skill?

Almost everything can be learn and nothing is inborn. In short, all Skills are learnable!


9) What is your advice to those who are Weak in the Negotiation skill ?

Read books on Sales, Neuro-linguistic programming (NLP) and Negotiation. Other Highly recommended books to read are “How to Win Friends and Influence People” by Dale Carnegie and “Personality Plus” by Florence Littauer

10) Do you encourage to buy Uncompleted properties(buying from developer)?

As an investor, your Goal is to have Minimum Risk with Maximum Return. As long as the developer is reputable, the location is good and the property fairly priced, why not? I have even encountered some occasions where the developer made a mistake in pricing in my opinion.

11) Is having a Supportive Spouse Important in Property Investment?

There is a saying that two heads are better than one. Having a Supportive Spouse or Partner is a huge plus Point as Property Investment involves Risk and Financial Capital. Besides your spouse or partner, always mix with the other like-minded investors as your Property Investment journey can be very Slow and Boring. With investment buddies, you can Challenge or Push one with another to make your Property Investment journey more fun.

12) What are sacrifices are needed in Property Investment?

Top of the list will be Delayed Gratification because you need to Save in order to get the Investment Capital for property investments. Savings can only come by spending less or earning more.


13) What is your advice on Getting Bank Loan?

Bank Loans are given based on Your Earning Ability and Good Track record. All your credit application and late payments for credit cards, car and housing loans are recorded in the Central Credit Reference Information System (CCRIS). If possible, get into professions where your Earning Potential is Unlimited like Sales/Marketing, Trading and doing your own Business. This will make it easier to borrow more money from the banks.


14) What is your advice to those who want to achieve Financial Freedom?

•Keep Investing and Improving yourself.

•Take ACTION!

•Do not be afraid to Make Mistakes

•Network with Right Minded Peoples

•Earn and Save as much as Possible

•Invest Wisely as much as you can.
 
 
P/S : This article is originated from http://www.alantanblog.com/property/learn-how-to-become-a-multi-millionaire-in-property-investment-milan-doshi.html

Banking loan growth remains strong: MIMB

News

Loan growth in the Malaysian banking sector remains strong, despite an increase in the base lending rate (BLR) and average lending rate (ALR) recently, according to a research house. MIMB Investment Bank said the gross banking system’s outstanding loans were higher in April this year with loans applied and loans approved, increasing compared to previously across both business and household sectors.

 

"For household loans, the demand to purchase residential property rose 10.7 per cent year on year (YoY) and that for personal use increased 19.5 per cent," it said in a research note today.Bank Negara Malaysia (BNM) raised the overnight policy rate (OPR) for the second time last month by another 25 basis points to 2.5 per cent, in another move to normalise the monetary condition. The research house said the total loan in the banking system grew 10.0 per cent YoY in April this year vis-a-vis the 9.8 per cent in March.

It said the growth was in-line with its 2010 total loan growth forecast of 9.9 per cent on the back of the higher end, real gross domestic product (GDP) growth estimate of 5.9 per cent. However, MIMB did not rule out that such strong loan growth, despite the interest rate hike, could be due to an attractive loan pricing offered by banks given the underlying keen competition. "This can be seen in the narrower estimated interest spread of banks that has not improved in tandem with a higher ALR. The estimated interest spread of banks declined 17 basis points (bps) to 2.65 per cent from 2.82 per cent in Febrary 2010," it said.

On the OPR, the research house said: "It is not a surprise to see the OPR increase further as it is still at the lower-end of the historical range since end-2004." It said the average OPR was approximately at 3.0 per cent, 50 bps higher from the current level but the central bank might pause the hike due to the sovereign debt problems in Europe. MIMB said BNM is likely to maintain the OPR at the current level in the forthcoming Monetary Policy Committee (MPC) meeting in July.

Bernama

Kelebihan Malam Nisfu Sya'aban

Malam Nisfu Sya'aban 1431H akan tiba pada hari Isnin (26hb.Julai 2010) malam Selasa ( sebaik saja masuk maghrib), dimana bermulanya 15 Sya'aban 1431H. Oleh itu, marilah kita sama-sama mengambil masa keemasan ini untuk menutup catatan amal ibadah kita kpd Allah dengan baik dan seterusnya berazam untuk

memperbaiki diri kita untuk catatan yang baru. Riwayat yang muktabar menyatakan Hari Nisfu Sya'aban adalah hari dimana buku catatan amalan kita selama setahun diangkat ke langit dan diganti dengan buku

catatan yang baru. Berikut adalah antara amal ibadah yang digalakkan di hari Nisfu Sya'aban:

1. Selepas solat maghrib (15 Sya'aban 1431H, Isnin malam Selasa)

Solat sunat nisfu sya'aban, 2 rakaat
Rakaat 1 : baca Al-Fatihah & surah Al-Qadar 1x
Rakaat 2 : baca Al-Fatihah & surah Al-Ikhlas 3x


2. Membaca Yasin 3x selepas solat Maghrib(15 Sya'aban 1431H, Isnin malam Selasa)
i) Selepas Yasin pertama : mohon dipanjangkan umur untuk beribadat kepada Allah
ii) Selepas Yasin kedua : mohon rezeki yang halal untuk beribadat kepada Allah
iii) Selepas Yasin ketiga : mohon ditetapkan iman dan Islam & mati di dalam iman & pohonlah segala yang baik dan munafaat.

Kemudian baca Istighfar 11x & selawat 11x. Baca doa Nisfu Sya'aban (ada didalam Yasin Majmuk)

3. Baca surah al-Ikhlas 1000x

4. Berpuasa pada siangnya)

Abul Khair Al Talaqaani r.a. mengira nama2 malam Nisfu Syaaban sebanyak 22.

Antaranya yg termasyhur adalah:

1. Malam Dimustajabkan Doa
2. Malam Pembahagian Takdir
3. Malam Rahmat
4. Malam Berkat
5. Malam Pengampunan (Taubat)
6. Malam Penebusan
7. Malam Syafaat
8. Malam Penulisan
9. Malam Keagungan dan Kemuliaan
10. Malam Rezeki
11. Malam Hari Raya Para Malaikat
12. Malam Penghidupan

Antara kelebihan bulan Sya'aban:

1. Sesiapa berpuasa sehari dalam bulan Sya'aban maka Allah haramkan tubuhnya dari api neraka dan dia akan menjadi teman kpd nabi Allah Yusof d ida lam syurga.

2. Riwayat dari Osman Bin Abi Al-As, Sabda Nabi Muhammad (saw) : pada malam nisfu sya'aban setelah berlalu 1/3 malamnya, Allah turun ke langit dunia lalu berfirman : adakah orang-orang yang meminta maka Aku perkenankan permintannya, adakah orang yang meminta ampun maka aku ampunkannya, adakah orang yang bertaubat maka aku terima taubatnya dan diampunkan semua orang mukmin lelaki & perempuan , melainkan orang yang berz ina atau orang yang berdendam marah hatinya kepada saudaranya. Sebaik-baiknya minta ampun dengan ibubapa sebelum hari nisfu sya'aban kerana amalan kita akan terhalang dari diangkat ke langit sekiranya kita derhaka/berdosa dengan ibubapa kita.

Wallahua'alam

My Latest Project....Mentari Court Apartment

This is my latest project. Alhamdullilah LO already signed and proceed with SNP...
Why I decided to purchased this house???

1) Location ===> Very..very..very..strategic
2) Purchased price ===> Below market value
3) Ready with tenant ===> Unitar student.
4) Demand ===> Very..very..very..high
5) House condition ===> Grilled with fully tiles.
6) Loan ===> 100% loan with good rates BLR-1.8%
7) Deposit ===> Only RM2k no need to pay 10%

Wooow...This is a good deal that difficult for me to resist.. Below are few pics that i manage to snap during site visit...

Unit at Block B located nearest to Kurnia's building. My tenant's class located there.

KTM komuter station is nearby

Playground for kids

Badminton Court

Swimming pool for all

Covered Parking "Pay for Service"

Rows of bikes...

Later I will share estimation of ROI for this investment.