Author: timlow2002
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Micro-Apartments: An Affordable Pathway to Homeownership
In Malaysia’s major cities, the dream of owning a home seems like a distant fantasy for many young adults. In Kuala Lumpur, property prices can reach a staggering RM2,000 per square foot in prime locations, while in suburbs such as Petaling Jaya and Selangor, a typical 3-bedroom apartment can easily cost upwards of RM700,000, pushing…
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Guide to buying subsale properties in Malaysia
Are you looking for a secure investment in the Malaysian real estate market? Consider exploring the subsale market, where existing, ready-to-move-in properties offer a stable alternative to new developments. While initial costs might be higher due to immediate stamp duty payment, the process is generally straightforward and allows for negotiation. Navigating the Subsale Landscape Joint…
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How Real Estate Teams Mirror Football Formations
Like a well-drilled football team, a successful real estate project marketing team relies on diverse individuals playing their specialized roles in perfect harmony. While their goals (on-field vs. property sales) differ, the teamwork principle stays strong. Let’s refine the comparison between football positions and real estate agents: The Goalkeeper: The Steadfast Project Manager Just like…
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Guide for Tenancy Agreements in Malaysia
Sometimes people make verbal agreements when renting out property because it’s quicker and cheaper than creating a written contract. They might just shake hands and trust that everything will go smoothly. But this isn’t a good idea because if there’s a disagreement later on, it can be really hard to sort out. This is especially…
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Tips for a Hassle-free Landlord/Tenant Relationship
Renting out your property can be a challenging task, with issues such as late rental payments, damages to furniture and appliances, and even hostile tenants. However, there are ways to make this relationship less of a headache. Here are 11 tips: Collect the entire rental in advance instead of monthly collections Instead of collecting rent…
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Building a Secure Future for Young Real Estate Agents
The early years in real estate can be exhilarating. Young agents, hungry for success, can quickly find themselves earning impressive commissions, a stark contrast to their peers still navigating their career paths. While celebrating their achievements is crucial, this initial windfall can also pose a hidden danger: a distorted perception of financial stability. As parents,…
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Reading Your CCRIS Report
What is CCRIS? CCRIS (Central Credit Reference Information System) is a record kept by Bank Negara Malaysia that acquires and tracks your loan repayment behavior. The CCRIS report includes: How To Read CCRIS Report? Tan Ching Chong currently holds two active credit facilities, as indicated in the outstanding credit report. One is a credit card,…
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How do I calculate my Debt Service Ratio?
Securing a loan can be a complex and time-consuming task. When it comes to getting your loan approved, one crucial factor that holds significant weight is your debt service ratio (DSR). It’s essential to understand what DSR is and how it can affect your loan approval. Lenders consider various aspects, including your credit history and…
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Understanding Your Credit Report with CCRIS
Ever wondered why your loan application gets accepted by one bank but rejected by another? It all boils down to your credit history, and in Malaysia, the key player is the Central Credit Reference Information System (CCRIS). This guide will help you understand CCRIS, access your report, and get the most out of it. Think…
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Assisted Co-Living: A New Trend in Senior Housing
Assisted co-living, a burgeoning trend in senior housing, merges the independence of co-living arrangements with the supportive services of assisted living facilities. It offers a unique option for older adults who desire community, affordability, and personalized care, all under one roof. What exactly is assisted co-living? Imagine a vibrant, shared living space designed specifically for…