Land for Sale near KLIA, unlocking investment potential
August 2, 2024 / 0 comments / 444 views / Tags: factory for sale, Land for sale, Malaysia, property, property agent, Selangor, Sepang Industrial Park, warehouse storage / Category: Land
Land For Sale Near KLIA
Discover strategy location land for sale near KLIA in Sepang Selangor, Malaysia . Triangle between KLIA, Port Klang and Kuala Lumpur City center .
Invest in Prime land for sale near KLIA in Sepang Selangor, unlock the potential for logistic warehouse, residential and resort ventures.
For Sale enquiry please contact 012-7927511
Investment potential Selangor, Malaysia
Features
- Beautiful flat land
- Freehold
- Approx. 13 acres
- Easy access
- Ideally for Logistic Warehouse, Residential, Resorts
Malaysia My Second Home ( MM2H) Kuala Lumpur
June 8, 2024 / 0 comments / 3555 views / Tags: Article, Lifestyle, Malaysia my second home, property, property agent / Category: Article and lifestyle
Malaysia My Second Home
Malaysia my second home the Social Visit Pass is initially for a period of Ten years and is renewable.
A country situated in the heart of South East Asia, reflects the very essence of Asia, a bubbling, bustling melting pot of races and religions, where various ethnic groups live together in peace and harmony.
The rapid economic growth of Malaysia has resulted in substantial investment towards infrastructure and the continuous upgrading of facilities to world-class standards.
Geography
The total area of Malaysia is approximately 330,000 square kilometer, with most of it located on the island of Borneo. Peninsular (west ) Malaysia only comprises approximately 40% of the total area.
Malaysia is not located within the Pacific Ring of Fire Zone, making it free from major natural disasters such as volcanoes, tsunami, typhoons and earthquakes.
Weather
The country enjoys a tropical climate, with weather that is pleasant, warm and balmy with moderate rain throughout the year. There are also highland residential areas and resorts with permanent spring-like weather throughout the year, which temperatures are between 15″c (59″F) to 25″c (77″F).
Malaysian People
Malaysia is a multi-racial country consisting of Malays, Chinese, Indians and numerous indigenous people. Having lived together for generations, all these cultures have influenced each other creating a truly Malaysia culture.
Malaysian Culture essay – A land of charming Diversity
Malaysia is a mosaic of cultures, owing to its colorful historical past and being part of the international spice route many hundreds of years ago. The amalgamated culture is a colorful heritage that is still a large part of daily life practices, despite urbanization of the cities.
Language
Multiple language for communicate in Malaysia included English , Chinese , Malay and Tamil .
Recreation & Entertainment
Recreation and entertainment facilities are abundant in Malaysia, owing to the year – round pleasant weather and natural wonders of its tropical environment , theme parks, jungle trails, world – class cinemas, performing arts theaters and art galleries, sports facilities, water sports and golf .
Food and Fruits in Malaysia
Malaysia food is a varied culinary spectrum originating from Malaysia’s multi-ethnic population. Indulge in gourmet cuisine created by amazing chefs in designed restaurants, or sample an endless amount of treats found at malls, store- fronts, street-side hawker stalls or the 24-hour local ‘mamak’ restaurants; which are run by Muslim-Indians.
Shopping – experience the indoor and outdoor shopping.
There is a number of luxury shopping malls, as well as the local street-side stalls and stores where everything is designed for shopper convenience; contain banks, foreign currency exchange counters, supermarket, restaurants, entertainment center’s and hundred of shops offering a tremendous range of goods.
Shoppers can visit one of the many weekly flea markets and night markets – ” Pasar Malam” .
High Speed Rail
High Speed Rail expected to be completed in year 2026, with the ripple effect of the project, development in Malaysia looks set to surge, as the newly-accessible prime estate along the tracks hosting transit stations.
Malaysia KLCC Kuala Lumpur
Educations
Foreign Universities Branch-Campus
- Xiamen University Malaysia Campus
- Monash University Malaysia
- The University of Nottingham Malaysia Campus
- De Montfort University
- Heriot-watt University Malaysia
- Manipal International University
Local University Branch Campus
- Taylor’s University College
- Sunway University College
- Inti International University College
- Limkokwing University of Creative Technology
- University College Sedaya International
International School
- Alice Smith School
- Australian International School
- French School
- Say folk International school
- International School of Kuala Lumpur
Malaysia my second home – Eligibility
Option for the MM2H program is open to all countries recognized by Malaysia with requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules. The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 and they are now allowed to apply for the MM2H visa.
Home Loan & Finances
June 8, 2024 / 0 comments / 11496 views / Tags: Article, Lifestyle, property, property agent, Real estate / Category: Article and lifestyle
Home Loan
Respective Home Loan Package
Home loan playing an important portion on buying a house , there are many types of loans in the market that you can take to pay for the property you intend to buy. Take a look at the four most common home loan packages in Malaysia.
Term Loan
This is the most conventional of all the loans. You pay interest and principal throughout the tenure. In term loan has a maximum tenure of 35 years or age 70, whichever comes first. If you would like to pay more to finish the loan earlier, you will need to inform the bank before hand in order to reduce the principal otherwise the extra payment will go towards prepayment for the following months.
Overdraft
Overdraft, the borrowers only pay interest portion without having to pay the principal. How much interest you are charge will depend on how much you have utilise the overdraft facility. Overdraft is good for businesses because any surplus funds at anytime can be deposited into the overdraft account, therefore reducing the overdraft balances and consequently, the interest charge, which is calculate on daily rest.
Flexi Loan
Flexi loan is a hybrid between a term loan and overdraft, beside of monthly instalment the borrowers can do any additional repayment at any time. The additional repayment will go towards reducing the interest charge on the flexi-loan facility as the principal owing to the bank has been reduces. extra charge may incur when you pay more towards reducing the principal.
Islamic Loan
Islamic loan uses the Murabahah concept under syariah principle banks will buy the property from the borrower and then rent it back to them. The bank will determine the profit rate in advance after considering the tenure duration , the fixed or floating interest rate are available but the interest on the floating rate is lower than the fixe rate.
Next: MRTA
Sentral Transportation Hub Kuala Lumpur, Malaysia
June 6, 2024 / 0 comments / 726 views / Tags: condominium for rent, condominium for sale, Kuala Lumpur, Malaysia, property, property agent, Real estate / Category: Article and lifestyle
Sentral Transportation Hub
The Sentral transportation hub is a major transportation Centre located in Kuala Lumpur, Malaysia. A strategic position adjacent to the historic Kuala Lumpur Railway station and city’s central business district.
Public Transport
It serves as a crucial transportation hub and gateway to various modes of transportation within the city and beyond.
Features
- The hubs is primarily known for its extensive rail connectivity as a major interchange for various rail systems including the KTM intercity, KTM commuter, LRT, MRT and ERL ( express rail link)
- This network make convenience for commuters travel to different parks of Kuala Lumpur, neighboring suburbs throughout Malaysia and even to the transit of Kuala Lumpur International Airport (KLIA).
- Designated to provide seamless connectivity between difference modes of transportation, apart from the extensive rail networks it’s feature bus terminal, taxi stands and dedicated lanes for other forms of public transportation like Grab car ensure smooth interchange and easy access for visitor and passenger.
Amenities
- Incorporates retail outlets include a shopping mall called NU Sentral offers a wide range of shopping and dinning options.
- Passengers and visitors can find a variety of restaurants, cafes, shops, and entertainment venues within the area.
- Surrounding the Sentral Transportation Hub is home to several hotels including the Loft and Hilton catering to both business and leisure traveler’s. These transportation facility accommodation provide convenient access in Malaysia.
Facilities
- Dedicated ticket counters for various transportation services easier for Visitor and Passengers to make Purchase tickets and get information.
- Spacious waiting areas and seating arrangements throughout the hub comfortably to Passengers while waiting for their trains, buses or taxis.
- The facility for storing baggage and luggage by lockers and luggage storage services.
- Designed features such as ramps, elevator, parking spaces and easy mobile for all visitors.
Sentral Transportation Hub Kuala Lumpur Malaysia is a Well-equipped transport Centre that connects difference modes of Public transport offers a variety of amenity provide a convenient and comfortable experience for both locals and tourist travel in and around the City.
Permanent Residence Malaysia @ My Second Home (MM2H)
March 8, 2024 / 0 comments / 863 views / Tags: Malaysia my second home, Malaysia Property, property agent / Category: Article and lifestyle
Permanent Residence Malaysia
Being a permanent residence in Malaysia that grant you the right to reside in the country without any time constraints.
Malaysia offers several benefits to individuals who obtain permanent residency includes*
- Long-term residence
- Work and business opportunities
- Education and healthcare
- Purchase property in Malaysia
Eligibility Category
Family ties with a Malaysian citizen (category 3)
- Spouse of a Malaysian citizen
- Biological child, step child or adopted child aged 18 and below
- Biological mother or father of a Malaysian citizen
- Divorcee, widow or widower of a Malaysian with a biological child who is a Malaysian citizen
- Mother-in-law or father-in-law of a Malaysian who is holding a valid pass in Malaysia
Family Ties with a Permanent Resident of Malaysia (category 4)
- Biological child aged 18 and below of a permanent resident
- Husband or wife of a permanent resident
Ex-Malaysian (category 5)
- Malaysian who voluntarily renounced their citizenship
- Malaysian who were deprived of citizenship
Application Conditions
- Valid travel document or passport with at lease (6) months’ validity
- Resided in Malaysia on a valid long-term pass
- A minimum of three (3) years’ residence in Malaysia – category 3
- Minimum of five (5) years’ residence in Malaysia
- Sponsored by a Malaysian aged 21 years or above
- Divorcee / widow / widower to a Malaysian citizen who has been granted a full or joint custody of the biological child by the relevant court of law
- Photocopies of supporting documents must be certified by corresponding foreign missions in Malaysia
- Application in west Malaysia require a Malaysian citizen sponsor
- Applications in Sabah and Sarawak must be sponsored by a Malaysian of Sabah and Sarawak origin
- Both sponsor and applicant must be present during document submission at the immigration office
( * If you’re considering permanent residency in Malaysia please consult official advice for up-to-date information.)
MM2H
The Malaysia My Second Home Program (MM2H) is designed program to attract foreign nationals who wish to reside in Malaysia for an long-terms basic.
What are the benefits of MM2H*
- Long-term residency
- Visa flexibility
- Financial incentives
- Tax benefits
- Quality of life
- Healthcare and education
Eligibility Criteria*
- Applicants must be at least 30 years old
- Demonstrate a minimum monthly offshore revenue of RM40,000
- Fixed deposit must be make in any Malaysian Bank , the deposit amount varies based on the desired tier (silver, gold or platinum)
- One-off bond payment (up to RM5,000) depending on nationality
- An ongoing annual fees of RM500 applies
- Recommended to purchase of health insurance
The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 they are now allowed to apply .
Application Process
- Applicants must be present during the application process
- Submit the original and copy of the participant’s passport, conditional approval letter, and form imm.12 IM.12.pdf with a photo of the participant.
- Social visit Pass
Home Purchase
- Participants are allow to purchase an unlimited number of residences above the minimum applicable price set for foreigners buying property in the state where they make the purchase
- MM2H participants are allowed to withdraw partial amounts from the required fixed deposit to residential purchase starting from second year onwards (date of social visit pass endorsement in the passport)
- MM2H participants are allowed to withdraw partial amounts from the required fixed deposit starting from the second year onwards (effective from the date of MM2H Social Visit Pass endorsement in the passport).
Fixed Deposit withdraw
Partial withdraw of the require fixed deposit from 2nd year onwards for approval expenses to children’s education and medical expenses
- RM50,000 for aged 50 years and above
- RM150,000 for aged below 50 years
However, minimum required to maintain the balanced of fixed deposit until they termination to the programmed as follow
- RM100,000 for aged 50 years and above
- RM150,000 for aged below 50 years
Dependents
- Spouse
- Children below 21 years of age including stepchildren and disabled children
- Parents
Education options
MM2H participants have access to various educational options for their children
- Private Universities
- Private University-Colleges
- Foreign University branch campuses
- International school
Taxes
- 15% income tax on revenue generated within Malaysia
- 30% real property gain tax (disposal within5 years of acquisition), tax rate reduces to 10% after 5 years
Insurance
All MM2H participants and their dependents must possess valid medical insurance coverage from any recognized insurance company in Malaysia
Sale And Purchase Agreement
January 8, 2024 / 0 comments / 6190 views / Tags: Malaysia, property, property agent, Real estate, Selangor / Category: Article and lifestyle
Sales And Purchase Agreement
The sales and purchase agreement (SPA) is a legally binding contract that outline the details of a property sale between buyer and seller.
The SPA ensures that both parties mutually agree on the terms and conditions of the property transaction, It protects by preventing either parties from altering the agreed-upon terms to their advantage.
Upon signing the SPA the deal is essentially closed, No further negotiations can occur and both parties much adhere to the terms and specified in the agreement.
Importance of SPA
The SPA is a legally binding contract that outlines the terms and conditions of a property transaction, whether you’re buying a new property from a developer or a secondary market property.
The SPA lays out all transaction details, terms and conditions in meticulous details in case anything goes wrong, there’s hard proof to fall back on, safeguarding the interest of both parties.
SPA involves two parties which is the Seller (who sell the property) and the Buyer (who purchase the property), The seller must legally own the property or have authority to deal with it .
Pre-contract documents ( such as Letter of Offer or Booking Form) may precede the SPA with the buyer paying an earnest deposit to firm the deal.
In a property transaction the Seller transfer ownership (property) to the buyer in exchange for cash payment.
Cancellation
In the case of buyer need to cancel SPA there may be consequences, standard SPA’s often include a clause impose a penalty ( usually 10% of the purchase price) for cancellation.
But if the seller wants to exit the deal, it’s challenging to do so once the SPA is signed.
Restrictive Covenants
These may conditions or restrictions impose on the property include limitations on alterations, use or development (especially in Land deal).
Warranties and Indemnities
Warranties are assurances given by the Seller regarding the property’s condition, title and legality.
Conditions Precedent
There are some conditions that must be fulfilled include obtaining financing, obtain regulatory approvals (consent to transfer) etc.
Completion mark the transfer of ownership from Seller to Buyer, it involve the payment of the purchase price and the handover the keys.
After completion the Buyer becomes the legal owner and any post-completion matter such as utilities transfer are addressed.
Vacant Possession
The Sale and purchase process for a property in Malaysia involve several parties including the vendor, purchaser, land office, Inland Revenue Board, lawyer, developer and valuer thus times it takes can be vary.
The entire process for sub-sale properties in the secondary market may take up to 4 months or more subject to Freehold or Leasehold property.
Vacant possession is a legal term that means the property is in a state fit to be occupied. In simpler words, this means the delivery of access keys and cards to your newly purchased property.
For Properties development by developers, vacant possession has to be delivered within 24 months for landed property and 36 months for high rise stratified building.
Tenancy Binding
The SPA is subjected to the tenancy when the purchaser is purchasing a tenanted unit. The purchaser will be getting the legal possession as the owner of the property but not the keys to the unit. Effectively, the rental and deposits shall be delivered to the purchaser by way of assignment of tenancy.
Defect Liability
If you have purchased a house in secondary market, you will not notice the ‘Defect Liability Period’ clause in the SPA. A defects liability period is the warranty period which the Developer is contractually obliged to repair the defects which have appeared within the period of time due to defective in construction works and material.
Contrary to the privilege of having developer’s warranty, the purchase of sub-sale properties requires sufficient due diligence of the purchaser when viewing and inspecting the property before entering into the SPA.
Due diligence includes checking every part of the house especially sewage, piping, leakage, electrical appliances, rooting and any other fixtures and fittings to prevent any undesirable situation arise. Should the purchaser require the repair of anything prior to vacant possession.
Real Estate and Property Agent Selangor Malaysia
January 1, 2024 / 0 comments / 538 views / Tags: Malaysia, property agent, Property agent service, Real estate, real estate broker, Selangor / Category: Article and lifestyle
Real Estate and Property Agent
Real estate agents play a crucial role in facilitating property transactions whether it involves buying, selling, renting or leasing properties.
Our work involves a variety of features and responsibilities to provide value and ensure successful real estate transactions .
Residential Property Selangor , Malaysia
Industrial
Commercial
Land
(Registered real estate agent’s in Selangor Malaysia)
Industrial Master Plan (NIMP 2030) by Malaysia Government
September 5, 2023 / 0 comments / 612 views / Tags: Economy, industrial land, Investment, IT, Malaysia, property, property agent, Real estate / Category: Article and lifestyle
New Industrial Master Plan
The government’s implementation of the New Industrial Master Plan 2030 to propel the country’s economic growth.
Four missions have been formulate to drive industry transformation at a large scale
- Encourage industries to innovate and produce more sophisticated products
- To embrace technology and digital transformation to dive into innovative and enhance productivity
- Pushing to net zero through sustainable practices and green initiatives
- Safeguard the economic security and inclusivity via enabling supply chain security
Interventions for high-impact sectors like E&E, Chemical, EV, Pharmaceuticals, Minerals and metal and due to industry’s growing trajectory to the creation high-skilled jobs
Value-added and improvement in automation and technological advancements expected to grow the median salary in the manufacturing sector to reach from Rm1,976 to Rm4,510.
To provide the immediate roll-out of NIMP implementation several mission-base projects have been identify. These fundamental projects are expect to accelerate the developments of an inclusive ecosystem that integrates SME’s into the value chain and rally the entire industry.
The New Industrial Master Plan 2030 expect costing some RM95 billion in total investment over the seven year long plan period of its implementation towards higher value-added activities is expect to provide employment for 3.3 million people through the creation of high-skilled jobs.
