Real estate Malaysia / TH Lim Property Malaysia

  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 delivery of vacant p

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 match at t

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 the outstanding  loan . By accepted  for MRTA,  house benefiaciary   won't  be left with such burden  as a result of  it covers  half  or all of the unpaid portion of a housing

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 Highway -Persiaran Mokhtar Dahari -DASH Highway under contruction Call LIM @ O16 - 2O1 5998 for private showing arrangement Rumah SelangorKu / Rumah Mampu Milik 1) Pend

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

  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 remaining