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First Residence
FIRST RESIDENCE KEPONG FOR RENT
Build Up Area: 1030
3
2
2
MYR 2200
- Type: Rent
- SKU#: 20200114 k3v 04
- Furnishing: Fully Furnished
- Tenure:
- PSF:
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KEVIN TEH

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#房地产销售 #吉隆坡 #二手 #新项目 #投资自己 #时间自由 #100x Real Estate | Investment | Projects | Marketing by @kevinteh Mont Kiara #k3vrealestate™

Register your name on the title! That's the layma

Register your name on the title!

That's the layman way of explaining Perfection of Transfer.

If your name is not registered on the title, the land office will not acknowledge you as the property owner.

You will also not be regarded as the registered proprietor as per the National Land Code 1965 and

You would not be able to exercise all the rights as a registered proprietor.

Here are a few drawbacks you'll encounter IF you don't register your name on the title:

- Selling your property will be a lengthy process because the developer is still the legal owner. You will have to request for the developer to directly transfer the property to the new buyer. This process becomes more complicated if it is a leasehold title because you will need consent from state authorities.

- The purchaser of your unit will find it hard to get a housing loan because banks typically will not approve loans when a property does not have titles.

- You may have to bear additional costs when executing the MOT (when applying for housing loans from a bank) as the POT is used as an instrument of charge to banks for loans.

- Without strata titles, owners of strata properties such as apartments, condominiums and serviced residences will not be able to initiate the formation of the management corporation (MC).

- You will lose your right to attend or vote at the annual general meeting (AGM) of the MC if your name is not registered in the strata title.

- You might be charged an administration fee or storage fee by the property developer.

So yes, perfection of transfer, is it important? YES IT IS!

Do you get it?

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like any of our posts so we can link up further!

Im Kevin Teh and i’ll see you in the next video!

#title #strata #perfectionoftransfer #memorandumoftransfer #mot
#legal #nationallandcode #hartanah
#property #realestate
#buy #sell #propertyinvestment
#loan #mortgage #valuation #finance #financialplanning
#k3vrealestate
@k3vrealestate

Old Klang Road / Jalan Kelang Lama Quick Analysis

Old Klang Road / Jalan Kelang Lama Quick Analysis

Transacted:

For Fairly New Condo (Citizen, Petalz, Southbank etc)
Avg PSF: 600-750psf

Whereby a typical condo sized here is 1000sqf,

Asking Rental as per market listing prices, approximately for:
3rooms+ = $2200-2600
4rooms+ = $2500-2800

Rental Yield Range:

Lowest yield
2200*12/750,000 = 3.5%

Highest yield
2800*12/600,000 = 5.6%

AVERAGE YIELD 4.55%

So if you were to buy a new property here, I am in the opinion that anything in the 750psf range would be a reasonable price and still potentially get you a handsome 4%+

Disclaimer: this is purely my opinion, a rental demand / supply research, furnishing, pricing strategy will still be needed but again, "don't wait to buy real estate, buy real estate and wait"

Do you get it?

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like any of our posts so we can link up further!

Im Kevin Teh and i’ll see you in the next video!

#oldklangroad #jalanklanglama #jalankelanglama #areastudy #kualalumpur #hightrafficarea #maturedneighborhood #neighborhoodstudy #supplydemand #transactionalanalysis #analysis #marketstudy
#returnoninvestment #yield #return #cashflow #rentalproperty #ownstay
#property #realestate
#buy #sell #propertyinvestment
#loan #mortgage #valuation #finance #financialplanning
#k3vrealestate
@k3vrealestate

Documents you need to apply for a home loan! You

Documents you need to apply for a home loan!

You don't just get a loan if you don't prepare the necessary documentations:

Here are the basic FIVE documents you need to kick start it:

Copy of your IC/passport
Salary slip
Bank account and EPF statements
Income tax receipt
Property booking form

Obviously there are few more additional documentations depending on your income source, employment type or own business etc but documents above should be the absolute minimum.

Do you get it?

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like any of our posts so we can link up further!

Im Kevin Teh and i’ll see you in the next video!

#mortgageloan #homeloan #repayment
#property #realestate
#buy #sell #propertyinvestment
#loan #mortgage #valuation #finance #financialplanning
#k3vrealestate
@k3vrealestate

So what is ROI? When your agent tells you oh it's

So what is ROI?

When your agent tells you oh it's 4% 5% 6% ROI. Do you actually get it?

Ready for a quick calculation?

Let's bring out a calculator shall we?

For simplicity sake so everyone here understands it let's assume a condo is selling at 1M and the ROI which the agent claims is 4.8%.

What does that really mean?

So you'll key in:
1,000,000; multiply by 4.8%; divide by 12 (months in a year)
you'll get $4,000

So in order to achieve that ROI of 4.8% you'll need a rental of $4000

Do you get it?

Disclaimer: this is a rough ROI. you will still need to take into account of:
Cost of renovation
Furniture
and ongoing cost of:
management fee
council rates
insurance etc etc

But this should be enough to kick start your search on finding your ideal investment!

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like our posts!

Im Kevin Teh and i’ll see you in the next video!

#calculation #roi #returnoninvestment #investment #yield
#property #realestate
#buy #sell #propertyinvestment
#loan #mortgage #valuation #finance #financialplanning
#k3vrealestate
@k3vrealestate

Here’s a quick TIP / RULE OF THUMB calculation o

Here’s a quick TIP / RULE OF THUMB calculation of stamp duty payable if you are to buy a property here in Malaysia:

if it is 500k: you’ll be paying MYR9K;
if it is 1M: you’ll be paying MYR24K;
if it is 2M: you’ll be paying MYR64K;

So how does it work?
It’s based on a schedule, check out the schedule below:

SnP 1st 100,000: 1% of SnP price is payable;
For the next 100,000-500,000: 2% is payable;
For the next 500,000-1,000,000: 3% is payable;
For >1,000,000: 4% is payable

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like our posts!

Im Kevin Teh and i’ll see you in the next video!

#tips #ruleofthumb #stampduty
#property #realestate
#buy #sell #propertyinvestment
#fees #stampduty #legalfee #calculator
#loan #mortgage #valuation #finance #financialplanning
#k3vrealestate
@k3vrealestate

Compete with you yourself. No one else. #focus

Compete with you yourself.

No one else.

#focus #you #1pctbettereachday
#k3vrealestate
@k3vrealestate

Sale/ Purchase Calculation and Procedure Here is

Sale/ Purchase Calculation and Procedure

Here is a general guideline / procedure / calculation to a property sales transaction:

Purchase price: $950,000
Booking amount: 3% of Purchase Price =
$26,500

1. 20 working days to apply for loan and to get approval;
2. SnP must be signed no later than the initial 20 days;
3. Upon SnP signing which, the balance SnP payment of 7% must be paid;
4. Thereafter, purchaser has 90 days to settle the remaining 90% of loan;
5. In which during the above said 90 days, title of property is to be settled and successfully transferred;

Vendor Cost
1. Owner is to pay 3%+sst e.g ($950,000*3%+SST= $28,500*+6%, $1,710) Total :$30,210
2. Legal Fee Cost (follow schedule SNP legal fees) e.g ($8,600)
3. If its sold at a profit, RPGT is incurred

Purchaser Other Up Front Costs

1. For SnP:
Legal Fee (follow schedule SNP legal fees) = $8,600
Stamp Duty = $22,500

2.For Loan, if Loan is 80% of 950,000 = 760,000:
Legal Fee $7080
Stamp duty $3800
Valuation Fee: $1950

For sure these are just a general guideline but it should give you an idea about preparing the money and timeline for your next dream property purchase!

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like our posts!

#property #realestate
#buy #sell #propertyinvestment
#fees #stampduty #legalfee #calculator
#loan #mortgage #valuation #finance #financialplanning
#k3vrealestate
@k3vrealestate

Kelana Jaya LRT line. So its free for 7 days afte

Kelana Jaya LRT line.

So its free for 7 days after being unusable for 5 days.

Not sure if it solves but that would do for now?

This is what happens when there is no regular servicing conducted on our assets?

What do you think ?

How would you apply this to your work or business? Do you have a plan in place immediately if there is a sudden disruption to it?

In real estate sales, the traditional way would be serving one client at a time, opening ten doors to clients just to close one deal.

How about working with ten clients? Are you able to handle it? How about getting ten team members to handle together?

Sounds like a good idea. But will there be a platform to ensure the streamlining of training, support, and career progression?

Don't wait till too late when your production line stops all of a sudden.

Start with one train. Keep it moving first. Pick up and drop off passengers with one train. Add on more capacity as you get busier.

Thoughts?

#Reactive #proactive #approach #service #preventive #maintenance #backup #prepare
#k3vrealestate
@k3vrealestate

Looking to rent a residential in Mont Kiara or Kua

Looking to rent a residential in Mont Kiara or Kuala Lumpur?

Here are ten things you should be clear yourself to provide to your landlord:

1. Name, Nationality, Profession
2. Number of persons staying, if family who are they, where will the kids be staying in?
3. Will there be pets? What is the type / breed?
4. How soon to view the properties?
5. What type of residential, eg condo or landed? how big is the size?
6. Rooms, bath, carpark?
7. Furnishing requirement
8. Budget?
9. How soon to start renting?
10. Wil it be 1 / 1+1 / 2 year tenancy?

There will surely be more info required by landlords. But the info above should be very sufficient to kick start your journey in getting your dream property to rent!

Any thoughts?
If you think this is helpful please help me to follow / subscribe to my social media platforms, or save, share, comment, or like our posts!

#property #propertyrental #expat #tenancy #rentalproperty #rentaproperty #condorental
#montkiara #bangsar #kualalumpur
#steps #pointers #guide #videoguide #selfguide
#expatrental
#realestateagent #realestateconsultant
#kevintehrealestate#k3vrealestate
@k3vrealestate

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