Mr Samuel Sing - Malaysia Property Market Info Sharing

Hey there, folks! Today, let's dive into one of the hottest topics around the globe: the outrageous property prices. It seems like owning a home has become an Olympic sport that only a few lucky ones can afford. Well, guess what? Malaysia is in the same boat, my friends. A Government's Foot Down: Now, this isn't breaking news, my friends. The Malaysian government has finally said, "Enough is enough!" They've come up with a bunch of incentives to help ease the burden for first-time home-buyers. And let me tell you about one of these incentives that you should grab with both hands: the Residensi Wilayah. What on Earth is Residensi Wilayah? Residensi Wilayah, previously known as RUMAHWIP (I know, quite a mouthful), used to go by the name Federal Territories Affordable Housing Project. As the government changed hands, they decided to give this incentive a fancy makeover too. But fear not, my friends, the core principle remains unchanged: to provide affordable hous

Bumi Lot property, my friend, is a splendid gift bestowed upon us by the government. Prepare to be enlightened about all things Bumi Lot, as we embark on a journey to uncover its mysteries. We shall commence with the definition of this enigmatic entity, who has the privilege to acquire these treasures, and what wonders and perils await those who dare to venture into the realm of Bumi Lots. Oh, and let us not forget the burning question: Can a non-bumi obtain the coveted Bumi status property? Fear not, for all shall be revealed in due course.

In recent years, you might have heard rumors about our property market resembling an all-you-can-eat buffet, where supply outnumbers demand. It seems like developers are facing a tough challenge in getting their unsold units off the shelves. But guess what? This article unveils the secret sauce to land yourself an unbeatable deal on these untamed properties.

The journey of purchasing a house is filled with excitement and requires careful planning. Before diving into buying a new house from developers, we need to address several crucial questions. Here are six questions you must ask when purchasing from developers:

When embarking on the adventurous journey of purchasing a new house from developers, we find ourselves facing higher risks compared to buying a sub-sale property. It's like traversing a treacherous jungle filled with the possibilities of abandoned projects, shoddy workmanship, and broken promises. But fear not, for the Malaysian government has donned its superhero cape in the form of the Housing Development Act (HDA) enacted in 1966 to protect the interests of us, the daring homebuyers.

Developers are notorious for plastering the word "Freehold" in bold letters on their flashy banners and billboards. Let's face it, the allure of freehold property is hard to resist. Maybe it's because it's one of the first things we learn about real estate—buy freehold and you're set for life!

Once we have reached a point of financial readiness and decided to embark on the journey of purchasing a new house from a developer, there are three crucial things we must know before proceeding any further. These steps will help us navigate the treacherous waters of property buying with greater confidence and a touch of humor.