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Showing posts from 2020

What is LAD (Liquidated Ascertained Damages)? Developer failed to deliver your house in accordance with the promised timeline.

  With developers failing to complete the construction and delivery of housing projects in accoirdance with the promised timeline, what then happens to the affected homeowners? Well, there is a clause in the Sale and Purchase Agreement (SPA) called Liquidated Ascertained Damages (LAD) that allows you to claim for compensation in such circumstances. The LAD is a contractually ascertained or pre-determined amount of damages that are claimable by either party in the event of a breach of contract (SPA). This clause can be found in the SPA. If you are buying a house from a housing developer, Clause 24 (2) of Schedule G of the Housing Development (Control and Licensing) Act 1966 (HDA) and Clause 25 (2) of  Schedule H  of the HDA provides that a purchaser has the right to claim for LAD for any delay in the delivery of vacant possession (VP) at the daily rate of 10% per year of the property purchase price. The delay in question would begin from the expiry of the period for delive...

For RENT - Vista Tasik condo, Bandar Sri Permaisuri Cheras, nicely renovated

For RENT - Vista Tasik condo Location    - Bandar Sri Permaisuri, Cheras, K.L Call LIM @ O16 - 2O1 5998 for private showing appointment 1) Size : 1233 sqft 2) 2 master bedrooms 2 bathrooms 1 balcony 3) Partly furnished 4) Nicely renovated 5) 1 covered car park 6) Gated and guarded Vista Tasik is a low-rise condominium (with lift) comprised of eight blocks with five number of storeys in each block. The total Residential Capacity of Vista Tasik is 320 Units Vista Tasik offers its residents an attractive lifestyle and exceptional diversified culture. Social bonding is a crucial fibre that promotes harmony among residents. To bridge the gap between people from different culture, the developer has provided a Lounge area, recreational lake and a children’s playground, where residents can have the opportunity to interact with each other. Sports has always been known to exudes passion and sometimes help people to come closer. There is nothing fun in this world than having a friendly m...

MRTA ( Mortgage Reducing Term Assurance )

What is MRTA? It is an insurance  policy   that has   money  protection for property loan borrowers and their families. Specifically, it helps settle outstanding loan amounts  within the  event of death or   total disablement (TPD) of the borrowers. Why would  you need  it? This  MRTA   is basically  a protection mechanism for all  purchasers  with house loan,  and particularly  for households with sole breadwinners. Generally,  within the  event of untimely death or  incapacity  of a home loan  borrower  (especially if he/she  is that the   sole breadwinners ),the worst problem facing surviving household members is thei r ability to pay off the outstanding loan. In  several  instances, the  surviving   members of the family   might  even  have to disposed  the property at below market price just  to pay off t...

SALE - Pangsapuri Alam Budiman, Shah Alam Section U10, 3 bedrooms 2 car parks

For SALE - Pangsapuri Alam Budiman Location  - Persiaran Pulau Lumut, Seksyen U10, Shah Alam, Selangor Call LIM @ O16 - 2O1 5998 for private showing arrangement 1) Leasehold 2) Size : 850 sqft 3) 3 bedrooms 2 baths 1 balcony 4) 2 car parks Total land size : 14 acres Total Blocks : 12 blocks Total Units : 536 units Gated and Guarded Community        Multipurpose hall consists of a hall , reading room, dobby, tadika and kiosk         Green area c/w play ground  equipment         Stand alone Surau        2 carparks per unit + additional 20% of visitor carparks        Open badminton courts  Nearby Amenities: ============= -UiTM Puncak Perdana Campus -UiTM Puncak Alam Campus -SK Puncak Perdana -Masjid Puncak Perdana -Setia City Mall Setia Alam ACCESSIBILITY: ============ -Guthrie Highway -LATAR Highway -Federal Highway -NKVE High...

Agriculture land for sale, Kundang, flat and square, Bumi Hijau, Taman Permata

For SALE - Flat Agriculture Land Location - Taman Permata, Tasik Biru, Kundang, Rawang Call LIM @ O16 - 2O1 5998 for more details - Flat and square land - size : 1.48 ac - Leasehold - surrounded by residential area - convertible to residential use - less than 10 minutes drive to Kundang toll - water n TNB reached - Tar road access Nearby amenities 6 min to Jet ski Club @ Tasik Biru 8 min to Kundang Lake Country Golf Club 5 min to Recreational Fish Pond 5 min to SK & SMK Seri Kundang 12 min to SRJKC Kundang 25 min to IGB International School Strategically located between PJ, Kepong & Sg Buloh & mere minutes to Tasik Biru, Kundang Town, Gamuda Gardens new growing township, Bandar Tasik Puteri and other Accessibility via 8 min by LATAR Highway 12 min by GCE 26 min by NKVE 20 – 30 min to Sg Buloh, Kepong & PJ

Pros and Cons of a leasehold property

  Here are some pros and cons of purchasing a leasehold property: Pros: 1. Cheaper house prices! Assuming two properties are exactly identical where one is freehold and the other is leasehold, then the price of the leasehold property would be lower simply because the market prefers freehold properties. “I would say it would vary anywhere between 10% and 20% if both are brand-new properties with full lease. As the lease gets shorter, the gap widens up,”  2. Higher rental yields Assuming that a leasehold property is cheaper than a freehold one, the lower entry cost could mean higher rental yields although one also has to take into consideration other factors such as maintenance cost and the location. Cons: 1. Property loses value as lease shortens One disadvantage of owning a leasehold property is that its value starts to depreciate as it gets closer to the expiry of the lease. 2. Tougher financing options In fact, banks will usually stipulate a certain minimum number of years r...

For SALE - The Mark Cheras at Taman Cheras Hartamas, Bukit Segar

For SALE - The Mark Cheras Location   - Taman Cheras Hartamas, Taman Bukit Segar, Kuala Lumpur Call LIM @ O16 - 2O1 5998 for private showing arrangement Tenure : Leasehold 99 years (till 2102) Size     : 618 sqft (type A, 1R1B); 833 sqft (type C, 2R2B); 1166 sqft (type D, 3R2B) Land title : Commercial; condo unit under HDA No. of Blocks : 2; (block A 28 storeys and block B 30 storeys) Total units : 467 units Expected date of completion : 1st quarter of 2022 Maintenance fee psf : RM0.33 psf (inclusive of sinking fund), NO free maintenance period. 33 types Facilities & Amenities: – Dance / Exercise room – Gym room – Garden swing – Shiatsu pool (Hydro-gym) – Children’s playground – Children’s play lawn – KTV rooms – Clubhouse – Reading area – Mini theatre – Library – Jogging trail – Multipurpose deck – Convenience store – Scented garden – Garden lounge – Yoga deck – Multipurpose hall – Office – Cafe – Reflexology corner – BBQ terrace – Children’s pool – Jacuzzi...

Tropika Residence at Puncak Alam, Shah Alam, ZERO BOOKING

Projek baru - Tropika Puncak Alam Selangor Call LIM @ O16 2O1 5998 untuk melihat contoh rumah. SERVIS APARTMENT DAN RUMAH MAMPU MILIK (RUMAH SELANGORKU) TANPA BAYARAN BOOKING. BLOK A DIBUKA UNTUK PENDAFTARAN !! 1) ada 3 BLOK 2) 850 UNIT Servis Apt dan 150 UNIT Rumah Mampu Milik 3) Jumlah 1000 UNIT 4) 31 Tingkat A) HARGA- SERVIS APT DARI RM300, 880 *3 BILIK TIDUR 2 BILIK AIR *850 KAKI PERSEGI *2 LOT PARKING B)  HARGA-RUMAH MAMPU MILIK; cuma RM220, 000 (boleh pilih unit, tiada cabutan) *2 BILIK 2 BILIK AIR *664 KAKI PERSEGI *2 LOT PARKING ~~ TERBUKA KEPADA BUMI LOT/NON BUMI ~~ PERCUMA SPA & LOAN AGREEMENT FEES ~~ TIADA BOOKING!!! "KEMUDAHAN" - Swimming Pool - Children Pool - Pool Deck - Reflexology Garden - Gazebo - BBQ Area - Multi-purpose Hall - Pre-function Ares - Laundry Room - Surau - Playground - Lounge - Cafe - Multi-purpose Court - Changing Room - Gymnasium - Kindergarten - Residence Meeting Room *BOLEH PILIH UNIT Call LIM @ O16 2O1 5998 for show unit viewing appoin...

SALE - Flat Industrial Land, Tanjung Malim, Proton City

For SALE - Flat Industrial Land (Freehold, Limited plots available) Location   - Tanjung Malim, Proton City, Perak Call LIM @ O16 - 2O1 5998 for viewing arrangement Located in Tanjung Malim, Proton City is an integrated township that spans across 4,000 acres, consisting of ingenious residential, commercial, institutional as well as industrial parcels that are spruced around seven alluring lakes, a state-of-the-art Proton Plant and the acclaimed Universiti Pendidikan Sultan Idris (UPSI).  Located just 50 minutes away from Malaysia's burgeoning capital of Kuala Lumpur, Proton City is a pearl tucked away in a sea of rich potential. To be a self-contained eco-sensitive intelligent city with superior technological and educational capabilities that empower the City's economy, while providing a contemporary living environment that enriches its multicultural community. A quick look at the distance of Proton City from significant location points: - ...