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by Jenny Wong - 2 months ago
- Real Estate
Real Estate
When you're considering a property investment, understanding the difference between leasehold and freehold can greatly impact your decision. With freehold, you gain full ownership, while leasehold means you're fundamentally renting the property for a set period, often with conditions attached. This distinction can affect not just your lifestyle, but also your financial future. So, which option might...
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by Jenny Wong
- 2 months ago
- Real Estate
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by Jenny Wong
- 3 months ago
- Real Estate
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KUALA LUMPUR: The government has proposed to provide income tax relief of RM7,000 on loan interest payments for first homes costing up to RM500,000 bought between Jan 1 this year and Dec 31, 2027. First homes costing between RM500,000 and RM750,000 stand to gain tax relief of RM5,000, the finance ministry said in an appendix to the federal budget. The tax relief is subject to the condition that the...
KUALA LUMPUR, : The average rent in Malaysia rose 3.9 per cent to RM1,995 in the second quarter (2Q 2024) compared to 1Q 2024, and 2.9 per cent from 2Q 2023, according to IQI Malaysia Home Rental Index report for 2Q 2024, released by Juwai IQI. Juwai IQI co-founder and group chief executive officer Kashif Ansari said for the first time in a year, the annual growth rate has accelerated rather than...
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Buying a home is one of the most significant financial decisions you’ll ever make. Setting a clear and realistic budget is crucial to ensuring that your home purchase is a wise and sustainable investment. Here's a step-by-step guide to help you set a home-buying budget. 1. Evaluate Your Financial Situation Income: Start by assessing your current income. This includes your salary, bonuses, freelance...
Zunaira Saieed Malaysia Correspondent UPDATED AUG 12, 2024, 06:51 PM KUALA LUMPUR – Malaysia is seeing a surge in Chinese nationals inquiring about multimillion-ringgit luxury homes, with investment and education opportunities driving their interest. Several real estate firms told The Straits Times that 2024 has seen more people from China looking to buy...
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Looking into real estate for the first time? While it might seem daunting, property investment in Malaysia can be a rewarding endeavour provided you take the time to do your research. To get you started, here is a primer on the basics of what you need to know before signing the dotted line. 1. Not Just Houses: Choosing Your Kind Of Real Estate While residential property is often a first-timer’s...