Malaysia Money Matters

Saw a banner at the traffic junction on Desarina Bayu in Sri Rampai. It is a pretty high-end development for 3-storey terrace houses starting from about RM1.6 million up to RM2.5 million. The interesting / good thing is that it is a Build-then-Sell project; hence absolutely no risk of the project being abandoned. Only 70 units, so it must be a fairly small area. Location wise is where it starts to get a bit unstuck. It is adjacent to the Sri Rampai Business Park - which is quite a decent place, still new and has some decent Chinese eateries and a large car park area although that doesn't help if you are going to the shops on the other end of the centre. The problem is, unfortunately, Sri Rampai as a whole. It is a rather densely populated garden that has a working class population. Next to it is Kampung Rejang, an even more populated area that is distinctly down at heel... during the election, a friend of mine who was volunteering there was shocked. OK, admittedly, he i

If you are cash rich, then your interest income from fixed deposits will go up. If you are paying off loans, actually you won't feel much because your repayment amount stays the same but the interest portion is now slightly higher. So what you should do, if you have some money in your EPF account 2, is to use that to pay down some of the principle of the loan to ensure your tenure is not extended unduly long. From the human psychology perspective, the rate hike will make house buyers nervous for a while so sales will go down a bit. Eventually though, they will get over it. This means that property prices will stabilise for a while then begin to pick up again because there will be housing pressure from a growing adult population. I believe now is a good time to look for distressed sellers and pick up a good bargain. Some people were very aggressive in buying properties during the boom, with "no money down" using inflated sales agreements - well, think that is goi

Friend of mine who is a real estate agent sent me this - seems interesting.. Project Name : 28 Boulevard Location : Pandan Perdana Land area : 5.23 acres Tenure : Leasehold Components : Four 45 storey towers with Studios,1,2,3 and 4 bedroom units Size (Sq ft): 450, 710, 904. Pricing : from RM600 psf to RM650 psf Features:  ~Lakeside living ~Affordable pricing ~200,000 Sq ft of facilities ~Sky garden terraces ~Lakefront retail and alfresco dining ~Brought to you by the same people who  developed Marc Residence KLCC by Best Boulevard Sdn Bhd My take: High density - don't like. Leasehold - don't like Lower middle class area - well, usually the food choices are more and better :) Relatively affordable as it starts from under 300k - but for such a tiny unit. Reckon it's a buy call if you have the cash to put down a large chunk and rent it out. I wouldn't buy it for staying nor do I expect the value to appreciate much - oh it will