China-based Country Garden, the developer of the US$100 billion (RM443.95 billion) Forest City project in Johor, revealed that fewer than 60 buyers want to pull out their home purchases in the mega development, reported Free Malaysia Today. Although they have already made significant down payments, the buyers had requested to cancel their purchases, after China … Read more
In Malaysia, only 35 percent of millennials were able to buy their own residential property. Of this, 29 percent were assisted by their parents, according to a survey by HSBC entitled “Beyond the Bricks”. On the other hand, most can’t afford to purchase one. While 94 percent of millennials without any homes have plans to … Read more
As an alternative, first-time home-buyers should look into the secondary market with properties there more affordable, says the Finance Ministry. Director-General of Valuation and Property Services Dr Rahah Ismail said the primary market pricing is usually inflated, due to freebies and rebates, and there is a higher chance for loan eligibility in the secondary market. … Read more
The Special PR1MA End Financing Scheme (SPEF) and subsequent sale of 1Malaysia People’s Housing Programme (PR1MA) homes should be limited to only first-time house buyers, said the National House Buyers Association (HBA). HBA secretary-general Chang Kim Loong applauded the SPEF, which will assist the lower income group to obtain financing to buy their PR1MA homes … Read more
Buying a property, whether it is your first, second or tenth time, you have to face the stressful process. For many people, buying a property is the biggest financial decision of their lifetime. Because there can be so much riding on this one purchase, it is imperative that you do the correct research and follow … Read more
No matter who you are and where you live, a home is a basic requirement and a necessity for life. Sadly, no necessity is available free of cost. If you want to buy a home, you need a home loan to finance the purchase. Don’t think applying for residential financing is difficult. It can be … Read more
KUALA LUMPUR (Bernama) — There should be an allocation mechanism by the government for buyers of Projek Perumahan 1Malaysia (PR1MA) homes following the new income eligibility which has been increased from RM10,000 to RM15,000. The House Buyers Association (HBA) said as more people from the middle income group are now eligible to own PR1MA homes, … Read more
SHAH ALAM — The Employees Provident Fund (EPF), which allows members to use their contributions to pay the down payment for a house can help realise the desire of low-income workers to own their own homes. A contributor, Muhammad Sufian Daud, 31, said the convenience of using the EPF withdrawal from account two to pay the … Read more
The quick guides on how to buy property with little to no money down; Like the infographic we share to you? Like us on Facebook and Share it to your friends! —WMAPROPERTY It’s not about property ownership it’s about control! To get more details. Click Here! Like this article or found it helpful? Share it! … Read more
Buying a home is a big decision for everyone, it’s related to both for your future and your finances. But, not everyone is able to buy a house for their own, knowing your affordability is very important before decide to bear this kind of long-life debt. Besides, knowing if you are ready upgrade yourself to … Read more
You must be logged in to post a comment.