The Star Property & Home Fair 2007

Date : Sept 21 to Sept 23, 2007
Venue : Penang International Sports Arena (PISA), Malaysia
Time : 11am - 9pm
Admission : Free
Organiser : Malaysia’s English daily The Star newspaper

We are excited because we could scout around looking at potential investments or even just to look around at beautiful house mock-ups, hehehe…

We might share what we can find there and if anything interesting catches our eye.
So stay tuned. Meanwhile, to get a rough idea what to expect, read this article below. Read more »

The party for the Malaysia property market is expected to go on for the next two years, according to the president of the Malaysian Institute of Estate Agents (MIEA), K. Soma Sundram.

The measures introduced by the Malaysian government in the recent Budget 2008 will boost the property sector, attract foreign investors and to help the lower income to own their own home.

The measures are:

1. Reduction of stamp duty by 50 per cent for houses worth below RM 250,000.

2. Home owners can withdraw funds from their Employees Provident Fund (EPF) to pay for their monthly home loan.

Previously, the Malaysian government also abolished the Real Property Gains Tax (RPGT) to encourage more foreign investors to invest in properties in Malaysia. Read more »

Yes, that’s right. Check it out. Type ‘Malaysia’, ‘Home’ and ‘Lawyer’ on your search browser and hit the search button.

What do you see? Yes, that is My Home Malaysia website!

Oh wow! My Home Malaysia website ranked FIRST on Google search engine! There are a total of 2,440,000 websites turned up by the search engine.

Can you believe that?! I was bowled over when I realised that. Really caught me off guard. And my, that was satisfying, isn’t it?

First out of 2 million websites, that’s no mean feat. This only means that the content we provide to you, our dear readers out there are indeed useful and relevant to all of you. We believe that you have benefited much from visiting our humble and cosy My Home Malaysia home in the virtual world.

Thank you all for your support all these while. Keep on coming back, as our little gesture of gratitude to you loyal readers out there, Read more »

Oh wow, time flies! Been so long since we have updated this Home in Malaysia property portal.

Let’s fill you curious people out there on the progress of the construction of our home in Penang, Malaysia.

At this moment, the skeleton is already up, even the roofing.

Since picture speaks a thousand words, here’s some pictures of the housing development. We went to recee the place about two weeks back and getting my new black shoe filed with dust, making it white!

See the effort we put in to bring you the best coverage, hehe

Ok la, less of those crap and back to the photos!

The overall view of the housing estate.

These are the three-storey semi-detached houses by the same developer, Metrio Jaya Development.

These are some of the double-storey semi-detached houses facing the three-storey semi-detached houses you see above.

And this one, very near ours! so this is the progress of our house right now.

And this, the back view of the house. Can see the progress of the roofing. I guess by now, the roofing would have been completed.

If you have noticed, the sky seemed to have become darker from the first to the last photo. Yup, you are right, we were there in the evening and managed to snap a few pictures before the sky turns dark.

Oh.. and we observed many other things inside there too, such as Read more »

What’s next after SnP? Well the situation varies depending on whether or not the property you have bought is under construction or is already completed. In this article I will only cover property that is under development. For fully completed properties, usually upon signing SnP, the previous owner will hand over the keys to the unit to you once the property is fully paid up in cash or by the bank.

For property under construction, (provided you are taking a bank loan), the developer will write in to your bank at certain intervals to request for a drawdown of the Loan amount. Below is a table of the allowed schedular drawdowns as stated in your generic SnP agreements.

Note that the above schedule only applies to Landed properties under construction. To counter check the developer, a third party architect is hired to audit the work that has been done on your property. Upon obtaining the required certification from the architects, the developer will send a letter to the bank, your Loan Lawyer and yourself requesting for the drawdowns as per the table above.

Lastly, Read more »

Hi all,

Welcome to my third and last installment on Lesson 2. This last instalment is on the Land title transfer charges as well as tranferring the Title Deed to the bank as charge.

• Lesson 2.3 - Title Transfer

Land Title transfer is the most important as well as the most expensive legal process in your home buying process. It involves the division of the Master Title (as held by the developer) into individual land titles/deeds for the individual house buyers.

For the case of Condominiums/Apartments or Flats, individual Strata titles will be issued to all house buyers of the mentioned property.

In Malaysia, individual property owners would need to pay a Stamp Duty on the Title transfer. The total stamp duty is calculated based upon the purchased price (Price as documented in the SnP Agreement) and the amount payable can be calculated using the guidelines below

•  For the 1st RM100,000      –>  1%
•  For the next RM100,000 to RM2,000,000 –> 2%

Take for an example a property worth RM300,000. The Stamp duty for the title transfer will amount to almost RM5000.

As for the lawyer fees for this process, typically you will have to fork out roughly ~1/3 the amount that you have paid for your SnP Lawyer fees earlier.

Having Individual or Strata titles as soon as possible is important Read more »

Today, the Malaysian Prime Minister Abdullah Ahmad Badawi announced a huge development project called the Northern Corridor Economic Region (NCER) expected to attract billions of investments into the region.

This is of course, is going to raise property prices at the region by at least 3 per cent, a report said.

My partner exclaimed, Read more »

I am eyeing the progress of the Second Penang Bridge like a hawk and with great interest. So pardon me if you find there are more news about Penang than other areas. Can’t help it because Read more »

Yippee! Finally My Home Malaysia have a new look! Revamped the whole site and gave it a makeover. How does it look? Need feedback from the kind readers out there.

I’ve been slogging over this for many many hours, so that it can look the best to the readers. So must give your honest feedback so that it can serve you better, ok?

Thank you in advanced!

As a property site, it can’t be complete without some news about property launches. We will keep a watch out for property launches to keep you updated. If you have any news or tip-offs about property launches, you know you would want to share it with us as it will benefit you and our readers. Drop us an email at myhomemalaysia@gmail.com. Read on for our first instalment of property launch news. Read more »