Tag Archives: property

Land for Sale near KLIA, unlocking investment potential

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.

Investment potential Selangor, Malaysia

Features

  • Beautiful flat land
  • Freehold
  • Approx. 13 acres
  • Easy access
  • Ideally for Logistic Warehouse, Residential, Resorts

    Property Wanted – list with us

    Property Wanted

    Welcome all, we offers a range of features and services when you list your property in our Property Wanted platform include you will receive professional support and assist throughout the selling or renting process, leading to a success deals.

    Accurately assess the property’s value, considering current market conditions and recent sales to help owner set the rights price ensures that the property is competitively priced maximizing its chances of attracting potential buyers.

    Promote the property through our Data, online listings, social media, print advertisements, open houses and more, reaching a broader audience of potential buyers than individual sellers could on their own.

    With a network of qualified buyers and tenants whos actively looking for properties increasing the likelihood of finding buyer or tenant quickly and essential negotiation for best deal and terms.

    Pre-screen potential buyers and handle to all inquiries, safeguarding the owner’s personal information ensures privacy and security during the selling process.

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      Property wanted check-list

      We welcome to all types of properties list, below are a checklist property wanted for current ready prospective buyer , tenants and investor who are looking for particular property.

      To Purchase

      1. Semi detached factory at Subang , shah Alam or Puchong Selangor.
      2. The Tropika Bukit Jalil
      3. Semi detached factory
      4. The link 2 Bukit Jalil
      5. KM West condominium
      6. KM east condominium
      7. Skyluxe Bukit Jalil
      8. The Park Sky residence Bukit Jalil
      9. Bandar Kinrara
      10. Bukit angkat factories
      11. Balakong factories
      12. Klang Valley factories
      13. The park sky residence – All Types
      14. The Harvest Bukit Jalil
      15. The Park 2 residence Bukit Jalil
      16. Shop for sale Subang, Petaling, Puchong, Damansara and Klang valley
      17. Industrial land Glenmarie, Puchong, Subang, Damansara and everyway at klang valley.
      18. Agriculture land
      19. All types of factory
      20. Landed house
      21. Conezion residence

      To Rent

      1. Semi detached factory
      2. Warehouse
      3. Semi detached factory at Subang , shah alam or puchong Selangor.
      4. The park sky residence Bukit Jalil 3 bedrooms units
      5. Semi detached factory
      6. Park 2 residences Bukit Jalil
      7. KM West condominium
      8. KM east condominium
      9. Skyluxe Bukit Jalil
      10. The Park Sky residence Bukit Jalil
      11. Bandar kinrara 2 story house
      12. Warehouse for rent Puchong, Shah, Alam and Klang valley.
      13. Link factory Klang Valley areas
      14. Semi-d factory Klang Valley areas
      15. Subang , Shah Alam or Petaling or Puchong Semi-d factory rental
      16. Selangor Shop rental
      17. All-types of factory
      18. The park 2 Bukit Jalil
      19. The Tropika Bukit Jalil
      20. The Harvest Bukit Jalil
      21. landed house
      22. Conezion residence
      23. Clio 2 residence
      24. Par 3 condominium
      25. Autoville Cyberjaya semi d factory
      26. Bandar baru bangi factory

      Sale And Purchase Agreement

      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.

      Read more

      Auction Property in Selangor & Kuala Lumpur

      Auction Property

      List of auction properties for sale in Selangor and Kuala Lumpur, Malaysia included Industrial, Semi-d, Bungalow, Terrace, Condominium and Commercial property . T&C apply

      Simply tell us more about your property types preference, location, budget and contact details email to malaysiapropertys@gmail.com and we will update you the latest auction property in matched.

      Contact us 012-7927511

      Advise us your preferred type of properties, location for further checking privately to you.

      More auction property.

      Latest Auction units – Online bidding

      Akira Puchong 3 story Semi-d house Selangor

      Akira Puchong 3 story Semi-d house Selangor.

      • Auction date Nov 16, 2023
      • Reserved price RM1,800,000
      • Leasehold
      • Bandar 16 Sierra, Puchong
      • Land area 3821 sf.
      • SOLD

      D’Alpinia Puchong

      • Auction date Nov 21,2023
      • 2 story link house (E/L)
      • Leasehold
      • D’alpinia Puchong Selangor
      • Land area 2551 sf.
      • Reserved Price Rm800,000

      Taman Putra Prima 5

      • Auction date Nov 27, 2023
      • 2 story link house (E/L)
      • Freehold
      • Puchong Selangor
      • Land area 1819 sq.ft
      • Reserved Price Rm750,000

      Sierra 1 Puchong

      • Auction date Nov 7, 2023
      • Townhouse
      • Leasehold
      • Bandar 16 Sierra
      • Land area 1948 sq.ft
      • Reserved Price Rm580,000

      taman puchong prima 2 story terrace house in auction

      Taman Puchong Prima

      • Auction date Nov 7, 2023
      • 2 story terrace house
      • Leasehold
      • Puchong Selangor
      • Land area 1399 sq.ft
      • Reserved Price Rm600,000

      Taman Puchong Tekali 2 story terrace in auction

      Puchong Tekali

      • Auction date Oct 30, 2023
      • 2 story terrace house (E/L)
      • Freehold
      • Puchong Selangor
      • Land area 1173 sq.ft
      • Reserved Price Rm550,000

      Taman Putra Impiana Puchong 2.5 story link house in auction

      Taman Putra Impiana Puchong

      • Auction date Oct 24, 2023
      • 2.5 story link house
      • Leasehold
      • Puchong Selangor
      • Land area 1400 sq.ft
      • Reserved Price Rm583,200

      SOLD

      Puchong hartamas 2 story terrace house in auction

      Puchong Hartamas (Kimsley)

      • Auction date Nov 16, 2023
      • 2 story terrace house
      • Freehold
      • Puchong Selangor
      • Land area 1603 sq.ft
      • Reserved Price Rm900,000

      Tell us your preferred property types, location We will further checking privately to you.

      Contact / WhatsApp us 012-7927511

      Industrial Property

      Green technology Park Seremban
      • Property Type: 1.5 story link Factory
      • Location: Jalan Jalan S2 C2, Green Technology Park, 70300 Seremban, Negeri Sembilan
      • Tenure: Freehold
      • Land area: 4,8000 sf.
      • Auction date: Jan 24,, 2024
      • Reserved prices: RM815,000
      • Non-LACA
      Auction Property in Selangor and Kuala Lumpur, Malaysia
      Taman Perindustrian UEP Subang Jaya
      • Property Type : 3 story Semi-d factory
      • Location: Jalan TP3, Taman Perindustrian UEP, 47620 Subang Jaya Selangor
      • Tenure : Freehold
      • Land area : 6,000 sf.
      • Auction date: Dec 21, 2023
      • Reserved prices: RM4,050,000
      • Restriction: Bumi
      • Non-LACA
      USJ 1 Subang Jaya
      • Property Type: 1.5 story semi d Factory
      • Location: Jalan Industri USJ1/1, Taman Perindustrian USJ1 Subang Jaya
      • Tenure: Leasehold
      • Land area: 7,139 sf.
      • Build-up :
      • Auction date: June 06, 2024
      • Reserved price: RM3,100,000
      • Non-LACA
      Seksyen U3 Subang Perdana
      • Property Type: 3 story semi factory
      • Location: Seksyen U3 Subang Perdana
      • Tenure: Leasehold
      • Land area: 9558 sf.
      • Auction date: Jan 15,2024
      • Reserved Price: RM3,500,000
      • Non-LACA

      Semi Detached & Bungalow House

      Bandar Kinrara BK6 Bungalow for sale @ auction bidding online
      Bandar Kinrara BK9, Puchong Selangor
      • Property type: 2 story Bungalow
      • Location: Bandar Kinrara BK6
      • Tenure: Freehold
      • Land area: 12,422 sf.
      • Auction date: Feb 22, 2024
      • Reserved price: RM3,078,000
      • Non-LACA
      Auction Property in Selangor and Kuala Lumpur, Malaysia
      SS19, Subang Jaya
      • Property type: 2 story Bungalow
      • Location: Jalan SS 19/4, 47500 Subang Jaya, Selangor
      • Tenure: Freehold
      • Land area: 8,719 sf.
      • Auction date: March 11, 2024
      • Reserved Price: RM4,030,000
      • Non-LACA
      • Below MV22%
      Kingsley Hills
      • Property Type: Semi-d house
      • Location: Jalan Kingsley 1A, Kingsley Hills, Putra Heights, 47650, Subang Jaya, Selangor
      • Tenure: Freehold
      • Land area: 9,967 sf.
      • Auction date: March 20, 2024
      • Reserved price: RM1,980,000
      • Non-LACA
      SS18, Subang Jaya
      • Property Type: 2 story terrace house
      • Location: Jalan SS 18/5H, 47500, Subang Jaya, Selangor
      • Tenure: Freehold
      • Land area: 1,650 sf.
      • Auction date: Feb 29, 2024
      • Reserved price: RM675,000
      • Non-LACA
      Taman Meranti Aman Puchong
      • Property Type: 2 story semi-d house
      • Location: Taman Meranti Aman Puchong
      • Tenure: Freehold
      • Land area: 2,799 sf.
      • Auction date: Jan 11, 2024
      • Reserved Price: RM1,071,630
      • Non-LACA
      • *228,370 lower from 1st auction
      Auction Property in Selangor and Kuala Lumpur, Malaysia
      Seksyen 11 Petaling Jaya
      • Property type: 2.5 story Semi-d
      • Location: Jalan 11/6, 46200 Petaling Jaya, Selangor
      • Tenure: Leasehold
      • Land area : 9,035 sf.
      • Auction date: Jan 15, 2024
      • Reserved price: RM2,875,686.30
      • Non-LACA
      • RM1,994,313.70 lower from first auction
      Bukit Jelutong Shah Alam
      • Property type: 2 story Semi-d
      • Location: Jalan Jendela U8/20A, Bukit Jelutong, Section U8, 40150 Shah Alam, Selangor
      • Tenure: Freehold
      • Land area : 6,921 sf
      • Build-up : 5,490
      • Auction date: March 11, 2024
      • Reserved price: RM1,509,030 (MV2.3mil*)
      • Non-LACA
      Auction Property in Selangor and Kuala Lumpur, Malaysia
      SS22 Damansara Jaya
      • Property type: Semi detached house
      • Location: Jalan SS 22/10, Damansara Jaya, 47400, Petaling Jaya, Selangor
      • Tenure: Freehold
      • Land area: 4,534 sf.
      • Auction date: Jan 08, 2024
      • Reserved price: RM2,600,000
      • Non-LACA
      USJ 17, Subang Jaya
      • Property type: Semi detached house
      • Location: Jalan Jalan USJ 17/16, 47630, Subang Jaya, Selangor
      • Tenure: Leasehold
      • Land area: 2,799 sf.
      • Auction date: Jan 03, 2024
      • Reserved price: RM1,700,000
      • Non-LACA
      Bukit Segar Cheras 2.5 story house @ auction bidding online
      Bukit Segar Selangor
      • Property type: 2.5 story link house
      • Location: Taman Bukit Segar Cheras
      • Tenure: Selangor
      • Land area: 1,399 sf.
      • Auction date: March 05, 2024
      • Reserved price: RM648,000
      • Non-LACA

      Condominium , Apartment and Soho

      Auction Property in Selangor and Kuala Lumpur, Malaysia
      z residence, Bukit Jalil
      • Property type: Condominium
      • Location: Block B, Z Residence, No. 5, Jalan Jalil Perwira 2, 58200 Bukit Jalil, Kuala Lumpur
      • Tenure: Freehold
      • Build-up: 1,410 sf.
      • Auction date: Feb 07, 2024
      • Reserved price: RM670,000
      • Non-LACA
      The Park 2 Residence Bukit Jalil @ auction bidding online
      The Park 2 Residence Bukit Jalil
      • Property type: Service Apartment
      • Location: Pavilion Bukit Jalil
      • Tenure: Freehold
      • Build-up: 936 sf.
      • Auction date: Feb 24, 2024
      • Reserved price: RM830,000
      • LACA
      • Rental 3,200 – 3,500
      Parkline OUG
      • Property type: Service Apartment
      • Location: Parklane Oug Service Apartment, Blok B1, No. 1, Jalan 1/152, Taman Oug Parklane, 58200 Kuala Lumpur
      • Tenure: Freehold
      • Build-up: 950 sf.
      • Auction date: Jan 29, 2024
      • Reserved price: RM285,000
      • LACA
      Duet Residence Bandar kinrara
      • Property type: Service apartment
      • Location: Duet Residensi, Jalan Kinrara 6, Bandar Kinrara, 47180 Puchong, Selangor
      • Tenure: Freehold
      • Build-up: 1298 sf.
      • Auction date: Feb 27, 2024
      • Reserved price: RM414,000
      • LACA
      • Rental 1,800- 2,000
      Pangsapuri Anggun JSI
      • Property type: Service Apartment
      • Location: Pangsapuri Anggun JSI, No. 8, Jalan Medan Tuanku Utama, 50300 Kuala Lumpur
      • Tenure: Freehold
      • Build-up: 958 sf.
      • Auction date: Feb 07, 2024
      • Reserved price: RM657,000
      • LACA
      Union suites Bandar Sunway
      • Property type: SOHO
      • Location: Union SOHO (on site Union Suites), Jalan PJS 9/1, Bandar Sunway, 47500 Subang Jaya, Selangor
      • Tenure: Leasehold
      • Restriction: Bumi
      • Build-up: 807 sf.
      • Auction date: Nov 18,2023
      • Reserved price: RM670,000
      • LACA
      Ampersand Condo Jalan Kia Peng
      • Property type: Condominium
      • Location: Block B, Ampersand @ Kia Peng, No. 25, Jalan Kia Peng, Kuala Lumpur
      • Tenure: Leasehold
      • Build-up: 3,391 sf.
      • Auction date: March 13, 2024
      • Reserved price: RM2,146,500
      • Non-LACA
      KM1 West Condo Bukit Jalil
      • Property type: Condominium
      • Location:  KM 1 West Condominium, Jalan Jalil Perkasa 1, Bukit Jalil, 57000 Kuala Lumpur
      • Tenure: Freehold
      • Build-up: 2,023 sf.
      • Auction date: March 07, 2024
      • Reserved price: RM1,100,000
      • Non-LACA
      • Rental 1.80 – 2.50 psf
      Treez Bukit Jalil
      • Property Type: Condominium
      • Location: The Treez-Jalil Residence No. 5, Jalan 13/155C, Bandar Bukit Jalil, 57000 Kuala Lumpur
      • Tenure: Freehold
      • Build-up: 1,507 sf.
      • Auction date: March 11, 2024
      • Reserved price: RM900,000
      • Non-LACA
      • Rental 3,000 – 3,200

      The Horizon Residence Kuala Lumpur
      • Property Type: Condominium
      • Location: Tower A, The Horizon Residences, Jalan Tun Razak, 50400 Kuala Lumpur.
      • Tenure: Freehold
      • Build-up: 657 sf.
      • auction date: March 05, 2024
      • Reserve price: RM482,000
      • LACA
      La Thea Residence Bandar 16 Sierra
      • Property Type: Condominium
      • Location Jalan Sierra 10/1, Bandar 16 Sierra, 47120 Puchong, Selangor
      • Tenure: Leasehold
      • Build-up: 969 sf.
      • Auction date: Feb 27, 2024
      • Reserve price: RM450,000
      • LACA

      Landed Terrace House

      Auction Property in Selangor and Kuala Lumpur, Malaysia
      USJ13, Subang Jaya
      • Property Type: terrace house
      • Location: Jalan USJ 13/1B, 47630, UEP Subang Jaya, Selangor
      • Land area : 1,195 sf.
      • Tenure: Freehold
      • Auction date: Jan 24, 2024
      • Reserved price: RM650,000
      • Non-LACA
      Bandar Hillpark, Puncak Alam
      • Property Type: Terrace house
      • Location: Jalan Mapel 7/6, Bandar Hillpark, 43200 Puncak Alam, Selangor
      • Tenure: Freehold
      • Land area: 1496 sf.
      • Auction date: Jan 09, 2024
      • Reserved price: RM480,000
      • Non-LACA
      Sierra 6 Puchong
      • Property Type: 2 story Terrace house
      • Location:
      • Tenure: Leasehold
      • Land area: 1,970 sf.
      • Build-up 2,789 sf.
      • Auction date: Feb 27, 2024
      • Reserved price: RM1,200,000
      • LACA
      • Rental 4,000 – 4,500

      Bukit Segar Cheras 2.5 story house @ auction bidding online
      Taman Bukit Segar Cheras
      • Property Type: 2.5 story terrace house
      • Location: Taman Bukit Segar Cheras Selangor
      • Tenure: Leasehold
      • Land area: 1,399 sf.
      • Auction date: March 05, 2024
      • Reserved price: RM648,000
      • Non-LACA

      Auction Property in Selangor and Kuala Lumpur, Malaysia
      USJ2, SUBANG JAYA
      • Property Type: 2 story Terrace House
      • Location: Jalan SS 18/5H, 47500, Subang Jaya, Selangor
      • Tenure: Freehold
      • Land area: 1,650 sf.
      • Auction date: Feb 29, 2024
      • Reserved price: RM675,000
      • Non-LACA
      Bandar Kinrara BK3, Puchong
      • Property Type: Single Story terrace
      • Location: Bandar Kinrara BK3
      • Tenure: Freehold
      • land area: 2,734 sf.
      • Auction date: Dec 20,2023
      • Reserved Price: RM504,000
      • Non-LACA
      • *231,000 lower from first auction
      Taman Puncak Jalil
      • Property Type: 2 story terrace
      • Location: Jalan PUJ 4/13, Taman Puncak Jalil, 43300, Seri Kembangan, Selangor
      • Tenure: Leasehold
      • Land area: 1,400 sf
      • Auction date: March 13,2024
      • Reserved Price: RM550,000
      • Non-Laca
      Taman Mutiara Puchong
      • Property Type: 2 story terrace
      • Location: Jalan TMP 2, Taman Mutiara Puchong, 47100 Puchong, Selangor
      • Tenure: Leasehold
      • Land area: 1400 sf.
      • Auction date: Jan 16, 2024
      • Reserved Price: RM650,000
      • Non-LACA
      Auction Property in Selangor and Kuala Lumpur, Malaysia
      PUJ 7 , Puncak Jalil
      • Property Type: 2 story terrace – corner
      • Location: PUJ 7, Taman Puncak Jalil
      • Tenure: Leasehold
      • Land area: 3564 sf
      • Auction date: Jan 08, 2024
      • Reserved Price: RM740,000
      • Non-Laca

      Commercial Properties

      Kota Damansara
      • Property Type: 2 story Shop office
      • Location: Block H, Jalan Teknologi 3/9, Bistari De’Kota, Kota Damansara, 47810 Petaling Jaya, Selangor
      • Tenure: Leasehold
      • Land area: 1,647 sf
      • Auction date: March 05, 2024
      • Reserved Price: RM1,260,000
      • Non-Laca
      Section 33 , Shah Alam
      • Property: Factory
      • Location: Jalan Gitar 33/3, Section 33, 40350, Shah Alam, Selangor
      • Tenure: Freehold
      • Reserve Price: RM1,750,000
      • Auction date: March 14, 2024
      • Non-Laca

      Industrial Master Plan (NIMP 2030) by Malaysia Government

      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.

      Amazon Web Services (AWS) invest in Malaysia by 2037

      Amazon Web Services

      Amazon Web Services announced to invest at lease MYR 25.5 billion in Malaysia by 2037.

      AWS is a subsidiary of Amazon.com, inc. by 2006.

      It is a comprehensive and widely used cloud computing platform that offers a variety of cloud services including computing power, storage, databases, analytics and more.

      Infrastructure and services

      AWS provides a vast of cloud-based infrastructure and services to individuals and businesses or organisations.

      The popular offerings include

      • Amazon EC2 ( elastic compute cloud )for scalable victual servers
      • Amazon S3 ( simple storage service ) for object storage
      • Amazon RDS ( relational database service ) for manage relational databases
      • Amazon Lambda for server less computing.

      AWS has a global network of data centres and availability zones allowing customers to deploy their applications and services worldwide while ensure redundancy and high availability.

      Played a significant role in transforming the IT industry by enable to scale their resources on-demand, reduce infrastructure costs and innovate more rapidly.

      What it can bring to country when invests in Malaysia

      When Amazon Wed Services invests in Malaysia it can bring several benefits and features to the country. follow are some of the potential advantages;

      • Job recreation – often lead to the creation of jobs in various sectors including IT, data centre operations and support services.
      • Economic growth – contribute to the country’s economic growth by attracting other businesses startups to use AWS services
      • infrastructure development – Invest in local infrastructure networking and data centre facilities to establish and operate data centres and cloud services
      • Skills development – typically provides training and certification programs to local IT professionals
      • Support for startups – offers support and resources for startups and small businesses, this can encourage entrepreneurship and innovation in Malaysia.
      • Reduced latency – having local data centres can reduce latency for businesses and users in Malaysia when accessing cloud services.
      • Redundancy recovery – builds multiple data centres in a region which can provide redundancy recovery capabilities to reduce crucial for businesses.
      • Attracting foreign investment – AWS’s presence can signal to other international tech companies that Malaysia is a favourable destination for investment to attract more foreign direct investment (FDI) and boost the country’s tech ecosystem.
      • Global reach – easily expand their operations globally leveraging AWS’s extensive global network of data centres and services.

      However it’s can also be challenges about data privacy and security, potential environmental impacts and competition with local providers.

      Government to address these issues ensure that the investment is mutually beneficial for both parties and the Malaysia economy as a whole.

      OPR Interest Rate By Bank Negara Malaysia

      Overnight Policy Rate

      Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR) by 25 basis points (bps) to a record low of 1.75% .

      • Including latest Overnight Policy Rate cut, BNM has slashed the OPR four times so far this year for a cumulative 125bps reduction
      • Jan 22, 2020, BNM cut the OPR by 25 bps to 2.75% followed by another 25bps reducing on March 3 to 2.5%.
      • On May 5, BNM slashed the OPR by 50 bps to 2.00 and now with the latest low cut rate of 1.75%.

      The Impact of covid -19

      Due to the impact of COVID-19 on the global economy is severe. Global economy conditions remain weak with global growth to be negative for the year.

      Broad-based weakness in labor markets and precautionary behavior by households and businesses could affect the recovery going forward and the pace and strength of the recovery, however, remain subject to downside risks emanating from both domestic and global factors.

      Several major economies have begun relaxing measures to contain the COVID-19 pandemic, leading to the gradual resumption of economy activity. 

      OPR provides additional policy stimulus to accelerate the pace of economy recovery. The MPC  (Monetary Policy Committee) will continue to assess evolving conditions and their implications on the overall outlook for inflation and domestic growth.

      Mortgage Reducing Term Assurance (MRTA) – review

      Mortgage Reducing Term Assurance

      MRTA is a reducing term life assurance that provides home financing borrowers with financial protection in the event of premature death or total permanent disability.

      MRTA and MLTA are financial terms related to insurance, a specifically mortgage insurance policies.

      What is MRTA ?

      It is a type of insurance designed to protect borrowers and their families from the financial burden of an outstanding mortgage loan in the even of the borrower’s death or permanent disability during the mortgage term.

      • MRTA provides coverage for the outstanding balance of the mortgage loan as the borrower pays off the mortgage over time the sum assured also reduces in tandem with the outstanding loan amount
      • In the unfortunate event of the loan borrower’s death or permanent disability, MRTA will settle the outstanding mortgage loan amount relieving the burden on the borrower’s family or dependants.

      Benefits and features of MRTA

      • Financial security – Provides peace of mind ensuring that the family’s can keep their home even if the borrower passes away or become permanents disability.
      • Affordability – Usually more affordable compared to other life insurance policy’s making it accessible to boarder range of borrowers.
      • No cash value – Its a pure protection plan without have a savings or investment component, it serves its purpose solely as mortgage protection.

      Why do you need it?

      This home loan life insurance is essentially a protection mechanism for all people with mortgage, and especially for household with sole breadwinner.

      Generally, in the event of untimely death or disability of a housing loan borrower, the greatest problem facing surviving household members is their ability to pay off the outstanding loan.

      In many instances, the survive family members may even need to sell off the property at less-than-competitive price just to pay off the outstanding amount.

      Surviving family members will not be left with such burden because it covers part or all to the unpaid portion of a housing loan.

      MRTA is  a life insurance plan with decreasing sum assures over time and it used just to cover your home financing.

      There is a personal plan where you and your dependents are financially protected when you are no longer around or have disability to generate income.

      Mortgage Level Term Assurance (MLTA) 

      MLTA is another type of mortgage assurance provides level coverage throughout the policy term, meaning the sum assured remains constant.

      • MLTA offers coverage for a fixed amount throughout the policy term and it is not directly tied to the outstanding loan balance. The payout from MLTA remains the same regardless of the remaining mortgage amount.
      • Offers more flexibility as the payout can be used for purposes other than setting the mortgage loan. The beneficiaries can use the proceeds to cover others financial obligations or maintain their lifestyle.

      On the other hand MLTA are slight variation from MRTA and offers an alternative for borrowers who looking extra protection plus savings by life insurance policies.

      MLTA is best for an extra financial protection in the worst case scenario as it also has a cash value at the end of the policy. This is best for those who have many financial dependent like children and spouse.

      Benefits and features of MLTA

      • The level coverage provided by MLTA ensures that the beneficiaries receive the same payout regardless of the outstanding mortgage amount
      • The payout from MLTA can be used for various purposes providing the beneficiaries with financial flexibility to address their needs
      • MLTA does not have a savings component

      Its importance to note that the specific terms and benefits of MRTA and MLTA can vary depending on the insurance provider, Before deciding on any insurance policy, its essential to carefully review the policy documents, terms and conditions to ensure it aligns with your specific needs and circumstances , Additionally it’s advisable to consult with a financial advisor or insurance expert for personalised guidance.

      Which mortgage life insurance do I need?

      In Malaysia, there are two types of life insurance available – Reducing Term Assurance (MRTA) or Decreasing Term Assurance (MDTA) and Level Term Assurance (MLTA).

      visit life insurance advisor