Property


Property Outlook ConferenceAre you a property investor and interested to find out the property market outlook in 2014? If you are, Property Outlook Conference 2014 will be an exiting event for you. The event will be from 11th to 12th January 2014 in Hotel Istana, Kuala Lumpur.

The conference organizes by Wealth Mastery Academy, and they line up the top Property Investment Gurus, Experts, Valuers, Developers, and other related market players in Malaysia and overseas to share their knowledge.

The knowledge obtained from this conference will help assist property investors to absorb and practice the effective property investment strategies.

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Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2014 budgets in the Parliaments on Friday 25th October 2013. The 2014 Budget is formulating based on the theme “Strengthening Economic Resilience, Accelerating Transformation And Fulfilling Promises”.

There are five main thrusts in 2014 budget.

First Thrust :- Invigorating Economic Activity

Second Thrust :- Strengthening Fiscal Management

Third Thrust :- Inculcating Excellence in Human Capital

Fourth Thrust :- Intensifying Urban and Rural Development

Fifth Thrust :- Ensuring Well-Being of the Rakyat

The following are 2014 Budget highlights for Personal Finance and Investment.

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Mortgage

If you plan to buy a house, you’ll most probably need a home loan.  However, getting a good home loan is actually pretty challenging.  You’ll need to determine the kind of loan you need, and you’ll have to find out the interest rates so you can make comparison.  Traditionally, that means visiting or calling up all the banks.

In Malaysia, there are generally two types of home loan – flexi, and non-flexi (or “conventional”).  Flexi loans give you the freedom to reduce your loan interest with additional income, whilst non-flexi loans are more rigid and have the same repayment instalment throughout the loan period.  Depending on what you need, you can opt for either.  Personally, I believe flexi loan to be more beneficial.

In 2013, Bank Negara introduced a new regulation, which limits home loan period in Malaysia to a maximum of 35 years. If you are planning to purchase a more expensive home by stretching your loan period to 45 years or beyond, you should take note that you can’t do that now.

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New Bob GroupReal estate is a long term investment to generate high return. It’s a highly valuable sector which can’t tolerate risk. Therefore, investors frequently seek for countries that can provide them long term stability and low risk environment. To date, the Malaysian property market has always been an appealing destination to fulfill investors’ needs  and is no stranger to them. Malaysia boasts an excellent destination for avid property investors due to its stable social and economic atmosphere which have greatly boosted the growth of the sector.

Based on statistics, the Malaysian property investment has proven to be constantly at its advantage. Over the past five years, apartments have been on the rise at a rate of 40-60% valuation while houses rose with 20%. These figures indicate a signs of no slowing down in the market. People always opt for new apartments or new houses as this market offers lucrative return. To look for the desirable home,making the right choice ranging from location, price and even the aesthetics of the home are extremely important.

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 There is a new feature in 1-million-dollar-blog called IPO Calendar. This feature created specially for IPO lovers ( including me!) so that it is much easier to keep track & remember important IPO dates. The data for all IPOs in 2013 was filled in.

Check out IPO Calendar page & let me know if there is missing or inaccurate data by filling out the contact form.

On top of that, I also update Legal Fees and Stamp Duty Calculator to include Stamp Duty on loan. For bloggers or webmasters, if you would like to embed the calculator in your website kindly check the widgets page on how to do that. There are 7  types of calculators that you can choose.