Buyer Guides Archives | RealestateMY https://www.realestatemy.com/category/buyer-guides/ Real Estate Sales & Marketing Software Wed, 08 May 2024 07:31:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Top 10 Property Developers in Singapore 2024 https://www.realestatemy.com/top-10-property-developers-in-singapore-2024/ https://www.realestatemy.com/top-10-property-developers-in-singapore-2024/#respond Wed, 08 May 2024 07:31:40 +0000 https://www.realestatemy.com/?p=12228 Best Property Developers in Singapore 2024 In 2024, Singapore’s real estate landscape continues to be shaped by its innovative and reputable property developers. With a keen eye for both residential and commercial spaces, these developers are not just shaping the physical skyline but are also pivotal in setting new standards for sustainable and smart living […]

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Best Property Developers in Singapore 2024

Best Property Developers in Singapore 2024

In 2024, Singapore’s real estate landscape continues to be shaped by its innovative and reputable property developers. With a keen eye for both residential and commercial spaces, these developers are not just shaping the physical skyline but are also pivotal in setting new standards for sustainable and smart living in one of the world’s most dynamic urban environments. From iconic residential towers to sprawling retail hubs, these entities drive forward with ambitious projects that promise to enhance the livability and functionality of Singapore’s urban fabric, ensuring the city-state remains at the forefront of global real estate development.

Leading developers such as CapitaLand, City Developments Limited, and GuocoLand, among others, have each made significant contributions, continually pushing the boundaries of architectural excellence and innovative urban solutions. Here are some of the top property developers in Singapore for 2024, renowned for their high-quality developments and significant contributions to the real estate market:

 

 

City Developments Limited

 

City Developments Limited (CDL)

CDL is a major player with a strong international presence and a commitment to sustainability. Known for premium residential, commercial, and retail properties, they are recognized globally for their environmental-friendly practices.

City Developments Limited (CDL) had a significant year in 2023, marked by robust financial and operational achievements. The company posted a record revenue of S$4.9 billion, driven largely by its property development segment. This segment saw notable successes, including the full sale and completion of the Executive Condominium project Piermont Grand. Additionally, CDL made strategic acquisitions, such as St Katharine Docks in the UK and various properties in key overseas markets, contributing to a 31.8% growth in its investment properties segment.

Despite these achievements, CDL experienced a significant decrease in profit after tax and minority interests (PATMI), which was impacted by higher financing costs and the absence of large divestment gains seen in previous years. Nonetheless, the company’s residential sales remained resilient both in Singapore and overseas, with strong sales from project launches such as Tembusu Grand and The Myst.

CDL also focused on sustainability, maintaining its high ranking in the Global 100 Most Sustainable Corporations and continuing to invest in green and sustainable projects. This aligns with their long-standing commitment to environmental stewardship and corporate responsibility.

 

 

CapitaLand Limited

 

CapitaLand

As one of Asia’s largest real estate companies, CapitaLand is noted for its innovative and high-end projects like Jewel Changi Airport and ION Orchard. They are known for their unique designs and luxury offerings.

CapitaLand Investment (CLI) had a productive year in 2023, marked by strategic achievements and strong financial performance, despite facing some macroeconomic headwinds. The company posted a resilient financial outcome with a cash PATMI (Profit After Tax and Minority Interests) of S$781 million for the full year. This result was supported by a robust fee income-related business, which saw significant growth due to increased fund management fees and higher earnings from lodging management.

One of the standout achievements for CapitaLand in 2023 was its commitment to sustainability, which continued to be a core focus. The company and its listed trusts achieved top ratings in the 2023 GRESB Real Estate Assessment, reflecting its dedication to environmental, social, and governance (ESG) goals. This recognition has also enabled CapitaLand to secure substantial sustainable financing, which is tied to their performance on these ESG metrics.

In addition to financial performance, CapitaLand has been actively managing its portfolio through asset recycling and diversification, raising S$2.8 billion in third-party capital to strengthen its global reach and expand its fund management activities. The company remains focused on growing its asset-light fee-related earnings and expanding its network of global institutional investors and capital partners.

Moreover, CapitaLand is planning to double its funds under management (FUM) to S$200 billion by the end of 2028, highlighting an ambitious growth trajectory that includes expanding its fund management in emerging markets like India and Southeast Asia, as well as optimising its portfolio in China.

Overall, CapitaLand has demonstrated resilience and strategic foresight in navigating a challenging environment, laying a solid foundation for future growth and sustainability initiatives.

 

 

far east organization

 

 

Far East Organization

The largest private property developer in Singapore, Far East Organisation has an extensive portfolio across various sectors including residential, hospitality, and retail. They are especially celebrated for their high-quality standards and have received multiple international accolades for their work.

Over the past year, Far East Organisation, Singapore’s largest private property developer, has continued to make significant strides in the real estate and retail sectors. The organisation clinched two prestigious awards at the Retail Asia Awards 2023, highlighting its innovative contributions to the industry. These awards include the Retail App of the Year for its shopFarEast App and the ESG Initiative of the Year for Baker X @ Orchard Central, an initiative supporting home bakers by providing them retail space to test and grow their businesses.

Additionally, Far East Organisation’s commitment to innovation and quality is evident in its ongoing projects and the accolades it has received for its developments. The company is known for its diverse portfolio that includes residential, hospitality, and commercial properties. This diversified approach not only strengthens its market presence but also contributes to its reputation for excellence in property development.

Furthermore, the organisation’s dedication to sustainability and community engagement continues to be a core focus, reinforcing its mission to inspire better lives through high-quality real estate developments and community-centric initiatives.

 

 

MCL Land

 

MCL Land

A subsidiary of the Jardine Matheson Group, MCL Land has a long history of residential development in Singapore. They are known for their competitive land bidding and diverse range of properties that cater to different budgets and preferences.

Over the past year, MCL Land, a subsidiary of Hongkong Land, has continued to make significant strides in Singapore’s residential property market. One of the major highlights for MCL Land in 2023 was the launch of Tembusu Grand in Katong, a joint venture with City Developments Limited (CDL). This development quickly captured market attention, selling 53% of its units shortly after launch at an average price of $2,465 per square foot, which speaks to the strong market demand for well-designed residences in prime locations.

MCL Land’s Tembusu Grand is especially notable because it was the first major residential launch in its district for nearly two decades, indicating a pent-up demand in the area. The project includes features tailored to modern living, such as unblocked panoramic views for units on higher floors and a range of amenities that cater to both families and individuals.

Additionally, MCL Land has been actively participating in government land sales (GLS), submitting competitive bids for several sites, which demonstrates their ongoing commitment to expanding their development portfolio in Singapore. This activity reflects a strategic approach to securing prime land, ensuring the company’s continued growth in the residential sector.

MCL Land’s achievements in the past year highlight their dedication to innovation, quality, and sustainability in developing residential properties that offer long-term value to homeowners and investors alike.

 

 

GuocoLand Limited

 

GuocoLand

With operations extending beyond Singapore to regions like Malaysia, China, Vietnam, and more, GuocoLand has been recognised for luxury projects such as the Wallich Residence. They focus on quality and innovation in their developments.

Over the past year, GuocoLand has made significant strides in Singapore, notably with the development of Guoco Midtown. This project is set to redefine urban living with its blend of residential, commercial, and public spaces, emphasising sustainability and community connectivity. Highlighting its commitment to innovation, GuocoLand was also recognised at the SBR Technology Excellence Awards 2023 for advancements in property technology, further establishing its reputation as a leader in the real estate sector.

 

 

Frasers Property

 

Frasers Property

Operating globally, Frasers Property offers a wide range of residential and commercial developments. They are known for their commitment to quality and have received numerous awards for their projects.

Over the past year, Frasers Property Singapore has made significant strides in the real estate sector with notable accomplishments in sustainability, strategic acquisitions, and enhancing community spaces. They completed major investment moves such as acquiring a 50% stake in NEX and increasing their stake in Waterway Point, making them the largest suburban retail mall owner in Singapore. They also undertook a $40 million asset enhancement initiative for Alexandra Point, transforming it into a workspace of the future with sustainable and digital innovations.

Additionally, Frasers Property has been acknowledged for its commitment to environmental sustainability, securing top ratings from the Global Real Estate Sustainability Benchmark (GRESB). They have also focused on innovative green financing solutions, aligning their operations with broader environmental goals.

These efforts reflect Frasers Property Singapore’s commitment to innovation, sustainability, and providing value to the communities they serve, continually enhancing their portfolio across residential, commercial, and retail domains.

 

 

 

allgreen properties

Allgreen Properties

A part of the Kuok Group, Allgreen is one of the largest property developers in Singapore, known for their luxury condos and strong portfolio of residential projects.

In the past year, Allgreen Properties has made significant advancements in Singapore’s real estate market. One of their notable achievements includes the acquisition of The Seletar Mall for S$550 million. This purchase is part of Allgreen’s strategic initiative to enhance its retail portfolio and expand its presence in Singapore’s suburban retail sector, which continues to show resilience and growth potential.

Additionally, Allgreen Properties was recognised at the SBR Technology Excellence Awards 2023, where they won in the Information Management – Real Estate category. This award highlights their successful efforts in digital transformation aimed at improving operational efficiency through advanced technology solutions​.

 

Wrapping up

Top Property Developers in Singapore 2024

As we review the achievements and innovations of Singapore’s leading property developers in 2024, it is evident that their commitment to excellence and sustainability continues to drive the nation’s real estate market forward. These developers have not only succeeded in creating functional and visually stunning spaces but have also prioritised green initiatives and technological advancements that set new industry standards. Their efforts ensure that Singapore remains a top destination for investors and a model of urban development worldwide.

The landscape of Singapore real estate, enriched by these developers’ contributions, promises exciting possibilities for future projects and developments. These developers are highlighted for their reliable market presence, consistent quality, and innovative approaches to property development in Singapore. For anyone considering an investment or purchase, these developers represent some of the best options in the market today.

 

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How to choose a property developer in Malaysia https://www.realestatemy.com/how-to-choose-a-property-developer-in-malaysia/ https://www.realestatemy.com/how-to-choose-a-property-developer-in-malaysia/#respond Tue, 23 Apr 2024 14:03:19 +0000 https://www.realestatemy.com/?p=7007 By following these tips, you can feel confident that you are choosing a property developer in Malaysia who is capable of delivering a high-quality product and providing excellent customer service.   Conclusion In conclusion, choosing the right property developer in Malaysia is pivotal for the success of your investment. It requires thorough research and careful […]

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Choose the right property developer in Malaysia

choose property developer 3

Picking the right property developer is crucial for ensuring the success of your property investment in Malaysia. A good developer not only impacts the quality and delivery of your property but also affects its long-term value. When choosing a property developer in Malaysia, it’s important to consider their reputation, experience, and financial stability. Here are some practical tips to guide you through the process of selecting a reliable property developer in Malaysia:

 

Check the property developer’s track record

choose property developer 1

It’s important to research the developer’s past projects to get an idea of their capabilities and level of professionalism. Examining their completed projects, especially those similar to what you’re considering, can provide valuable insights into their consistency and quality of work. Look at the structural integrity, design aesthetics, and community reviews of these projects.

Additionally, online reviews and customer testimonials are indispensable resources that reflect the developer’s reputation. Asking for references and speaking directly with previous clients can further verify the developer’s reliability and your potential satisfaction. This thorough approach will help you make a well-informed decision about investing with a particular property developer.

 

Consider the location

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Location is a key factor to consider when choosing a property developer in Malaysia. Opting for developers with a solid track record of successful projects in your desired area can significantly boost your confidence in their expertise and understanding of the local market dynamics. Such developers are likely to have established relationships with local authorities and suppliers, which can facilitate smoother project execution.

Furthermore, their familiarity with the local demographics and market trends ensures that they can deliver a product that meets the expectations of potential buyers or tenants. By prioritizing developers who specialize in specific regions, you are more likely to invest in a property that not only aligns with market demands but also maintains its value over time.

 

Look for transparency

choose property developer 6

A good developer will be upfront about their processes and pricing, providing a transparent and detailed breakdown of costs, including any additional fees that may be incurred throughout the development process. It is crucial to work with a developer who communicates clearly and openly, ensuring that you are fully informed about every aspect of your investment.

Avoid developers who are vague or evasive when answering your questions, as this can be a red flag indicating potential hidden costs or issues down the line. A trustworthy developer will ensure that all financial aspects are discussed upfront, eliminating surprises and building a foundation of trust. Such transparency not only helps in making an informed decision but also fosters a reliable and professional relationship.

 

Verify the developer’s credentials

choose property developer 7

Ensuring that your property developer is registered with the relevant authorities and possesses the necessary licenses to operate is fundamental in providing you with the confidence that they are compliant with legal requirements and industry standards. Registration and licensing serve as crucial indicators of a developer’s credibility and professionalism.

This compliance guarantees that they are not only legally authorised to undertake property development projects but are also likely to adhere to safety, quality, and environmental standards set by regulatory bodies. By verifying these credentials, you can protect your investment and avoid potential legal or financial complications associated with unlicensed developers. This vigilance is essential for maintaining peace of mind and ensuring a successful property development experience.

 

Review the contract carefully

choose property developer 9

Before committing to a contract with a property developer, it is imperative that you fully understand all the terms and conditions laid out within the document. Pay particular attention to clauses that define both the developer’s responsibilities and your obligations as the buyer or investor. This includes stipulations on project timelines, payment schedules, and quality standards.

To ensure that your interests are adequately protected, it is advisable to have the contract reviewed by a legal expert. A lawyer specialised in real estate can offer invaluable advice, highlight any potentially unfair terms, and help negotiate modifications if necessary. This careful scrutiny helps safeguard your investment and avoid future disputes, ensuring that all parties are clear on their commitments.

 

Consider the developer’s reputation

choose property developer 10

When choosing a property developer, it is essential to consider their reputation within the industry, as this is a strong indicator of their reliability and the quality of their work. A developer’s reputation can often be assessed through online reviews, industry awards, and word-of-mouth referrals. Positive feedback and accolades are signs of a developer’s commitment to excellence and customer satisfaction.

Furthermore, a developer that enjoys a good standing among peers and customers is more likely to deliver on their promises, adhere to timelines, and maintain high standards of customer service. These factors combined ensure a smoother and more satisfactory property development process. Thus, prioritising a well-regarded developer can significantly enhance your overall investment experience.

 

Don’t be afraid to negotiate

choose property developer 12

It’s important to remember that as the customer, you hold significant negotiating power when dealing with property developers. You should not hesitate to leverage this position to your advantage. Whether it’s negotiating for price reductions, requesting additional features, or asking for upgraded amenities, you have the right to make these demands.

Developers are often willing to accommodate reasonable requests to secure a sale, especially in competitive markets. Engaging in negotiation not only potentially lowers your costs but can also enhance the value of your property investment. Always approach these discussions with confidence and clarity about what you want to achieve, ensuring you communicate your needs effectively to the developer. This proactive approach can make a substantial difference in the final outcome of your property purchase.

 

Consider the developer’s financial stability

choose property developer 14

Choosing a financially stable property developer is crucial to ensuring that your project will be completed and that all promises made will be kept. A developer with a solid financial foundation is less likely to face insolvency issues, which can lead to project delays or halts. To assess a developer’s financial health, it’s wise to review their financial statements, which can provide insight into their liquidity, debt levels, and overall financial performance.

Additionally, requesting references from banks or other financial institutions with whom they have had dealings can offer further evidence of their financial reliability. These steps are essential to gain confidence in the developer’s ability to manage and complete your project efficiently, safeguarding your investment in the process.

 

Consider the developer’s customer service

choose property developer 16

Customer service is a critical factor when selecting a property developer in Malaysia. A responsive and attentive developer can significantly enhance your experience by ensuring that all your inquiries and concerns are addressed promptly and efficiently. When choosing a developer, look for one who is known for their proactive customer support—someone who not only answers your questions but also anticipates potential issues and offers solutions.

A developer willing to go the extra mile demonstrates a commitment to customer satisfaction and reliability. This commitment can manifest in various ways, such as providing regular updates on project progress, being available for meetings, and offering after-sales support. Opt for a developer who prioritizes communication and service, as this can make all the difference in managing the complexities of property development and ensuring a positive outcome.

 

By following these tips, you can feel confident that you are choosing a property developer in Malaysia who is capable of delivering a high-quality product and providing excellent customer service.

 

Conclusion

choose property developer 11

In conclusion, choosing the right property developer in Malaysia is pivotal for the success of your investment. It requires thorough research and careful consideration of several key factors, including the developer’s reputation, financial stability, and commitment to customer service. Assessing their past projects, responsiveness, and willingness to engage transparently with clients are also critical.

By ensuring that the developer you select not only meets these criteria but also aligns with your specific needs and expectations, you can significantly enhance the likelihood of a satisfactory and rewarding property development experience. Remember, a well-chosen developer is not just a service provider, but a partner in achieving your real estate goals.

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How to find a property agent in Malaysia https://www.realestatemy.com/find-a-property-agent-in-malaysia/ https://www.realestatemy.com/find-a-property-agent-in-malaysia/#respond Mon, 22 Apr 2024 15:58:41 +0000 https://www.realestatemy.com/?p=7044 Find a property agent in Malaysia By following these tips, you can find a property agent in Malaysia who is well-suited to your needs and can help you navigate the real estate market with confidence.   Conclusion   In conclusion, finding the right property agent in Malaysia is a critical step that can greatly influence […]

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Find a property agent in Malaysia

Real-Estate-Agents-evaluation

As a prospective homebuyer or seller in Malaysia, you may be considering working with a property agent to help you navigate the real estate market. Property agents, also known as real estate agents, can provide valuable assistance with tasks such as finding a suitable property, negotiating the terms of a sale or purchase, and handling the paperwork involved in a real estate transaction. However, with so many agents to choose from, how do you know which one is right for you?

 

Here are some tips for finding a property agent in Malaysia:

real estate agent on call

 

Determine your needs.

Before you start searching for an agent, it’s important to have a clear idea of what you are looking for in a property and what you expect from an agent. Are you looking to buy or sell a home? Do you have a specific budget in mind? Do you have any particular requirements, such as a certain location or type of property? Knowing your needs will help you find an agent who can effectively meet them.

 

Research the agent’s credentials

In Malaysia, property agents must be licensed by the Board of Valuers, Appraisers, Estate Agents, and Property Managers (BOVAEP). You can check the agent’s credentials by searching the BOVAEP database or by asking to see their license. It’s also a good idea to check for any complaints or disciplinary action against the agent.

 

Look for an agent with experience in your area.

It’s important to find an agent who is familiar with the local real estate market and has experience in the area where you are looking to buy or sell. An agent with local knowledge can provide valuable insights and help you make informed decisions.

 

Consider the agent’s specialisation

Some property agents may specialize in certain types of properties or markets, such as residential, commercial, or rural. Consider whether you would like to work with an agent who has specialized knowledge in a particular area.

 

Ask for recommendations

If you know anyone who has recently bought or sold a property in Malaysia, they may be able to recommend a good agent. You can also ask for recommendations from other real estate professionals, such as valuers or appraisers.

 

Check the agent’s online presence

Many property agents in Malaysia have an online presence, whether through a personal website or social media. This can be a good way to learn more about the agent and get a sense of their approach to marketing properties.

 

Meet with the agent in person

It’s a good idea to meet with a few different agents in person to get a feel for their personality and style. This will give you a chance to ask questions and see if you feel comfortable working with them.

 

Consider the agent’s fees

Property agents in Malaysia generally charge a commission based on the sale price of the property. This commission is typically split between the seller’s agent and the buyer’s agent. Be sure to ask about the agent’s fees and how they are calculated.

 

Look for good communication skills

Good communication is key in any successful real estate transaction. Look for an agent who is responsive, reliable, and able to clearly explain the process and answer your questions.

By following these tips, you can find a property agent in Malaysia who is well-suited to your needs and can help you navigate the real estate market with confidence.

 

Conclusion

cost to buy home malaysia agent fee-min

 

In conclusion, finding the right property agent in Malaysia is a critical step that can greatly influence the success of your real estate endeavours, whether you’re buying or selling. A competent agent will not only simplify the complexities of property transactions but also ensure that you get the best possible deal. To choose the most suitable agent, focus on their market knowledge, experience, client reviews, and professional credentials.

Utilise referrals from trusted sources and thoroughly research potential agents through online reviews and real estate platforms. Prioritise communication and a shared understanding of your goals during initial consultations. By carefully selecting a property agent who aligns with your needs and demonstrates a commitment to your interests, you can navigate the Malaysian real estate market with confidence and ease, ensuring a smoother and more rewarding property transaction.

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The total cost for buying a home in Malaysia https://www.realestatemy.com/the-total-cost-for-buying-a-home-in-malaysia/ https://www.realestatemy.com/the-total-cost-for-buying-a-home-in-malaysia/#respond Fri, 19 Apr 2024 05:07:34 +0000 https://www.realestatemy.com/?p=12097 What are the total cost for buying a home in Malaysia? Buying a home in Malaysia is a substantial financial undertaking, and it requires a comprehensive understanding of all associated costs to effectively budget for this major investment. In Malaysia, the total costs involved in purchasing a home extend beyond the simple price of the […]

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What are the total cost for buying a home in Malaysia?

cost to buy home malaysia-min

Buying a home in Malaysia is a substantial financial undertaking, and it requires a comprehensive understanding of all associated costs to effectively budget for this major investment. In Malaysia, the total costs involved in purchasing a home extend beyond the simple price of the property. Initial expenses typically include the down payment, legal fees, stamp duties, and possibly agent fees. Additionally, there are ongoing costs to consider such as property taxes, maintenance fees, and insurance.

Understanding these fees in detail is crucial for prospective homeowners to ensure financial readiness. This breakdown helps in planning not only for the upfront costs but also for the long-term financial commitment involved in owning a property in Malaysia. By anticipating these expenses, buyers can manage their finances more effectively, avoiding unexpected burdens as they navigate the complexities of the property market.

Let’s break down the total costs involved in purchasing a home in Malaysia, covering both initial and ongoing expenses.

 

Initial Transaction Costs

cost to buy home malaysia agreements-min

1. Down Payment

The initial financial commitment when purchasing a home is the down payment, typically 10% of the property’s price. This is the part of the cost that cannot be financed through a loan.

2. Sale and Purchase Agreement (SPA) Costs

Legal fees for drafting the SPA are calculated as a percentage of the property price. This usually starts at 1% for the first RM500,000 and gradually decreases to 0.5% as the property value increases.

3. Stamp Duty on SPA

The Malaysian government levies a stamp duty on property transactions, tiered as follows:

  • 1% on the first RM100,000
  • 2% on the subsequent RM400,000
  • 3% on the subsequent value

Starting in 2019, for first-time homebuyers, there is a stamp duty exemption on the first RM300,000 on homes priced from RM300,001 to RM1 million.

4. Legal Fees for Loan Agreement

Loan agreement legal fees are similar to SPA legal fees but are a separate cost. These are necessary for processing the mortgage.

5. Stamp Duty on Loan Agreement

This duty is charged at 0.5% of the loan amount.

6. Real Estate Agent’s Fee

The real estate agent’s fee is about 2-3% of the purchase price and is payable upon the successful transaction of the property.

7. Loan Processing Fee

Banks may charge a loan processing fee, though this can often be waived during promotional periods.

8. Property Valuation Fee

Before a mortgage is approved, banks require a valuation of the property. The cost varies based on property value and complexity.

9. Mortgage Insurance

Most loan agreements require Mortgage Reducing Term Assurance (MRTA) or Mortgage Level Term Assurance (MLTA), which cover the outstanding loan in the event of death or total permanent disability.

10. Additional Miscellaneous Costs

These can include various administrative fees, such as the cost for transferring the title and charges for conducting land searches.

 

cost to buy home malaysia agent fee-min

Example Breakdown for a RM500,000 Property

  • Down Payment: RM50,000
  • SPA Legal Fees: RM5,000
  • SPA Stamp Duty: RM9,000
  • Loan Agreement Legal Fees: RM2,500
  • Loan Agreement Stamp Duty: RM2,250
  • Real Estate Agent’s Fee: RM15,000
  • Loan Processing Fee: RM200
  • Property Valuation Fee: RM2,000
  • MRTA/MLTA: RM10,000
  • Miscellaneous Fees: RM1,000
  • Total Initial Transaction Costs: RM97,950

 

Ongoing Costs

ongoing costs home malaysia copy

1. Mortgage Repayments

The most substantial ongoing cost is the mortgage repayment, which varies based on the loan amount, interest rate, and tenure.

2. Property Assessment Tax

This is a local municipality tax based on the annual value of the property.

3. Quit Rent

Known as ‘cukai tanah,’ this is a small annual land tax charged by the state government.

4. Maintenance Fees

For properties in a development, such as condominiums, there will be maintenance or management fees to cover the upkeep of shared spaces and facilities.

5. Sinking Fund

A portion of the maintenance fee may be allocated to a sinking fund, used for significant repairs or upgrades to the property.

6. Insurance

Home insurance is essential to protect against unforeseen circumstances such as fire, natural disasters, or theft.

7. Renovation and Upkeep

Ongoing costs for general maintenance or renovations must be considered to maintain the property’s condition.

8. Utility Bills

Regular payments for electricity, water, internet, and sewage services.

 

ongoing costs home malaysia 2

Total Ongoing Costs for a RM500,000 Property (Yearly Estimate)

  • Mortgage Repayments: RM24,000 (estimate)
  • Property Assessment Tax: RM500
  • Quit Rent: RM100
  • Maintenance Fees: RM3,600 (RM300 per month)
  • Sinking Fund: RM360 (10% of maintenance fees)
  • Insurance: RM500
  • Renovation and Upkeep: RM2,000
  • Utility Bills: RM2,400
  • Total Ongoing Costs (Yearly): RM33,460

 

In addition to these costs, homeowners may also incur fees for late payment charges or special assessments for major repairs not covered by the sinking fund.

 

Final Thoughts

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Prospective homeowners in Malaysia must meticulously plan and prepare a comprehensive budget that encompasses both initial purchasing costs and ongoing expenses related to property ownership. It’s essential for buyers to thoroughly assess their current financial standing, including savings and income, while also considering future financial goals and potential risks. This financial foresight ensures the sustainability of the investment over the long term.

To navigate these financial waters effectively, potential buyers should actively seek professional financial advice tailored to their unique circumstances. Utilizing tools like mortgage and loan calculators will provide a clearer view of what to expect in terms of monthly repayments and overall financial commitment. Engaging with real estate professionals is also crucial, as they can offer valuable insights into the market, advice on hidden costs, and guidance on legal procedures.

By carefully calculating and anticipating these expenses, buyers can strategically manage their finances to accommodate both the upfront costs, such as down payments, legal fees, and transfer taxes, and the recurrent costs, including property taxes, maintenance fees, and insurance. Such thorough preparation paves the way for a successful and financially secure property ownership experience in Malaysia, ensuring that the property not only meets their current needs but also contributes positively to their long-term financial health.

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Can expats get mortgages in Malaysia https://www.realestatemy.com/can-expats-get-mortgages-in-malaysia/ https://www.realestatemy.com/can-expats-get-mortgages-in-malaysia/#respond Wed, 17 Apr 2024 14:27:11 +0000 https://www.realestatemy.com/?p=12077 Can Foreigners Get Home Loans in Malaysia? Purchasing property in Malaysia is highly appealing to many foreigners, attracted by the nation’s vibrant culture, strategic geographic position in Southeast Asia, and real estate prices that are notably more affordable compared to those in neighbouring countries like Singapore and Hong Kong. These factors make Malaysia a desirable […]

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Can Foreigners Get Home Loans in Malaysia?

expat mortgage malaysia

Purchasing property in Malaysia is highly appealing to many foreigners, attracted by the nation’s vibrant culture, strategic geographic position in Southeast Asia, and real estate prices that are notably more affordable compared to those in neighbouring countries like Singapore and Hong Kong. These factors make Malaysia a desirable destination for both living and investing.

However, non-citizens face unique challenges when trying to acquire property, primarily due to stringent regulations surrounding financing. Foreign buyers encounter more restrictive conditions, such as higher minimum purchase prices and lower loan-to-value (LTV) ratios. This article provides an in-depth exploration of the possibilities and procedures for foreigners to secure home loans in Malaysia, detailing the financial landscape and offering crucial insights into navigating these complex requirements.

 

Eligibility for Foreigners to Buy Property in Malaysia

expat home loan critieria

Before diving into the specifics of home loans, it’s important to understand the property buying landscape in Malaysia. Malaysia generally welcomes foreign investment in its real estate sector, but there are restrictions aimed at controlling the types of properties foreigners can buy and their minimum value.

Typically, each state in Malaysia has a different minimum purchase value for foreigners, which usually starts from RM1 million (about $240,000). This threshold is part of the government’s effort to ensure that the premium segments of the market are targeted by foreign investors.

 

Obtaining a Home Loan as a Foreigner

Securing a mortgage as a foreigner in Malaysia is achievable, but it entails more stringent conditions than those facing local buyers. Foreigners often encounter lower loan-to-value ratios and must meet higher minimum property value thresholds. Key considerations include navigating extensive documentation requirements, potentially higher interest rates, and rigorous financial scrutiny. It’s essential for foreign buyers to be well-prepared for these challenges to successfully finance their property purchases in Malaysia.

Here are some key points to consider:

 

Loan-to-Value (LTV) Ratio

loan to value ratio

 

The Loan-to-Value (LTV) ratio offered to foreigners buying property in Malaysia is typically less generous than that available to local buyers. Malaysian citizens can often secure financing covering up to 90% of their property’s value. In contrast, foreigners generally face a cap of about 70%.

This significant difference requires foreign purchasers to come prepared with a larger initial down payment, impacting their overall budgeting and investment strategy. Understanding these financing constraints is crucial for foreigners aiming to navigate the Malaysian real estate market effectively, ensuring they are financially prepared for the additional upfront costs involved.

 

Type of Property

types of property

 

In Malaysia, the options available for property purchases by foreigners are specifically regulated to include only residential properties. This category encompasses apartments, condominiums, and individual houses. However, foreign buyers are restricted from acquiring land, properties designated as Bumiputera-reserved (a status reserved for the native Malay population), and any properties that fall below a certain price threshold set by individual states.

This minimum price cap is implemented to maintain higher-end residential markets primarily for foreign investment, ensuring that more affordable local housing remains accessible for Malaysian citizens. These regulations are crucial for foreigners to understand before embarking on property investment in Malaysia.

 

Financial Background Checks

Financial Background Checks

 

Banks in Malaysia implement rigorous procedures to assess the financial backgrounds of potential borrowers, especially when it involves foreign buyers. This thorough vetting process includes an in-depth examination of your credit score, income levels, existing debt obligations, and current employment status.

Due to the perceived higher risk associated with foreign applicants, the scrutiny applied is notably more intense than that for local buyers. Malaysian banks aim to mitigate potential financial risks by ensuring that foreign buyers have a stable and sufficient economic foundation to fulfill their mortgage obligations. Understanding and preparing for these stringent checks is essential for foreigners aiming to secure financing in Malaysia.

 

Required Documents

documents home loan

 

When applying for a mortgage in Malaysia, foreigners must prepare a comprehensive set of documents to support their application. This typically includes a copy of their passport to verify identity and nationality, detailed proof of income which might require validation by the Malaysian embassy to ensure authenticity, and a valid work permit if they are residing and employed in Malaysia.

Additionally, banks may request other supporting documents, which can vary depending on the bank’s specific requirements and the applicant’s financial background. These documents could include bank statements, tax returns, and proof of legal residence in Malaysia. Each document plays a crucial role in illustrating the applicant’s financial stability and ability to meet loan obligations, making meticulous preparation essential for a successful application.

 

Interest Rates

home loan interest rates

 

The interest rates on mortgages for foreigners in Malaysia tend to be higher compared to those available to local buyers. This discrepancy arises because lenders view loans to non-citizens as having a higher risk profile. As a result, foreign property buyers should diligently shop around at various banks to compare the different mortgage terms available.

Negotiating these terms is also a crucial step, as even slight variations in interest rates can significantly affect the total repayment amount over the duration of the loan. Engaging with multiple financial institutions allows foreign buyers to secure the most favorable conditions, potentially saving considerable sums of money in the long term.

 

Challenges and Tips

While obtaining a mortgage as a foreigner in Malaysia is indeed feasible, prospective borrowers can anticipate facing several challenges. The complexities primarily stem from more stringent eligibility criteria set by banks for non-residents. Foreigners are generally required to navigate higher down payment requirements and cope with lower loan-to-value ratios than their local counterparts. Additionally, the approval process can be prolonged due to thorough financial background checks that assess creditworthiness, income stability, and existing debt levels more rigorously.

These financial checks often demand a broader array of documentation, including verified income statements from abroad, which can complicate and extend the application process. Understanding and preparing for these obstacles is crucial for successfully securing a mortgage in Malaysia as a foreign national.

Here are several challenges that an expat might face:

 

Complexity in Documentation

home loan documentation

 

The mortgage application process for foreigners in Malaysia is complicated by the extensive documentation required. Applicants must gather a diverse array of documents, including financial statements, proof of income, and personal identification like passports. Crucially, many of these documents, especially those issued overseas, must be officially translated into Malay or English and subsequently verified to meet the standards of Malaysian financial institutions.

This translation and verification process not only adds a layer of complexity but also extends the timeline for loan approval. The meticulous scrutiny of these documents ensures compliance with local banking regulations but can pose significant challenges for foreigners unfamiliar with the system.

 

Longer Approval Times

home loan approavl

 

The mortgage approval process for foreigners in Malaysia typically takes longer than it does for local residents, primarily due to the extra layers of verification required. Lenders perform extensive checks on international credit histories, income verification from abroad, and legal documentation, all of which contribute to the extended timeframe. Additionally, foreign applicants face the challenge of currency risk.

If your income is denominated in a currency other than the Malaysian Ringgit, fluctuations in exchange rates could significantly impact your loan repayment amounts. Such variability can increase the financial burden on the borrower if their home currency depreciates against the Ringgit, leading to higher effective monthly payments. Understanding and managing these risks is crucial for foreigners navigating the Malaysian mortgage landscape.

 

Tips for Success

Engaging with local experts is strongly advised for foreigners interested in purchasing property in Malaysia. Working with real estate agents and lawyers who specialise in transactions involving foreign buyers can significantly streamline the complex process. These professionals are well-versed in navigating the specific legal and regulatory requirements that apply to non-residents, including those pertaining to property ownership limits, financing options, and necessary governmental approvals.

They also provide valuable insights into the local market conditions, helping to identify the best investment opportunities and ensuring all due diligence is properly conducted. Leveraging their expertise can prevent costly mistakes and facilitate a smoother, more efficient property acquisition process.

 

Compare Different Banks

choose bank mortgage

 

When seeking a mortgage in Malaysia, it’s crucial not to settle for the first financing offer you receive. Each bank may present differing terms, interest rates, and loan structures, making it essential to explore a variety of financial institutions to find the most favourable conditions. Comparing offers from different banks can reveal significant differences in terms of repayment periods, fees, and flexibility, which could have substantial impacts on your overall financial commitments.

Thoroughly researching and negotiating with multiple banks can lead to more competitive rates and terms that better suit your financial situation and investment goals. This approach ensures you secure the best possible mortgage deal, saving you money and providing greater financial security in the long term.

 

Consider Legal Restrictions

malaysian expat buy restrictions

When planning to purchase property in Malaysia, it is imperative for foreigners to thoroughly investigate any legal restrictions on foreign ownership that may apply in the specific state where they wish to buy. Each state in Malaysia can have different rules regarding foreign property ownership, including restrictions on the types of properties that can be acquired, minimum purchase prices, and specific areas where foreigners are either allowed or prohibited from buying.

Ensuring compliance with these state-specific regulations is crucial to avoid legal complications. Consulting with a knowledgeable local real estate lawyer can provide invaluable guidance, helping to navigate these legal landscapes effectively and prevent potential setbacks in the property acquisition process. This careful scrutiny ensures that all legal parameters are met, securing a successful investment.

 

Conclusion

malaysian home loan approval

 

The opportunity for foreigners to secure a home loan in Malaysia is certainly accessible, yet it is accompanied by unique challenges and stringent regulations. Foreigners must navigate a complex legal landscape, which includes varying state-specific restrictions on property ownership and loan eligibility criteria. Adequate preparation is essential, involving a thorough understanding of these legalities and securing appropriate financial documentation.

Additionally, having the right support from experienced local real estate professionals and legal advisors can significantly simplify the process. As Malaysia remains an attractive hub for international investors and expatriates, understanding these nuances is crucial. With the right approach and detailed knowledge, the Malaysian property market continues to offer a promising investment landscape for foreigners looking to invest or settle in the region.

 

 

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Top 10 Property Developers In Malaysia 2024 https://www.realestatemy.com/top-10-property-developers-malaysia-2024/ https://www.realestatemy.com/top-10-property-developers-malaysia-2024/#respond Mon, 11 Mar 2024 11:38:21 +0000 https://www.realestatemy.com/?p=11139 Top Property Developers In Malaysia 2024 As Malaysia settles into 2024, the property market is starting to buzz with excitement and potential. The top property developers in the country, known for their innovation and commitment to excellence, are shaping the future of Malaysian living spaces. From sustainable townships to luxurious high-rises, these top property developers […]

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Top Property Developers In Malaysia 2024

top 10 property developers in Malaysia for 2024

As Malaysia settles into 2024, the property market is starting to buzz with excitement and potential. The top property developers in the country, known for their innovation and commitment to excellence, are shaping the future of Malaysian living spaces.

From sustainable townships to luxurious high-rises, these top property developers are at the forefront, crafting communities that offer more than just homes but a lifestyle. With a keen eye on the evolving demands of property buyers and an ever-improving market forecast, the journey ahead looks promising for both developers and property buyers alike.

 

Malaysia’s Top 10 Property Developers of 2024

Here are the top 10 property developers of 2023 are redefining living spaces with their commitment to affordability and quality.

Spearheading innovative designs and sustainable practices, companies like Sime Darby Property, UEM Sunrise, S P Setia, IOI Properties, Gamuda Land, Sunway Property, Mah Sing Group, EcoWorld Development, UMland and Tropicana properties are crafting communities that promise more than just homes.

They’re building dreams, offering a range of properties that cater to diverse needs and budgets, ensuring every Malaysian can find their perfect home. These developers are not just constructing buildings; they’re laying down the foundations for a brighter future for all Malaysians.

 

Sime Darby Property

sime darby

Sime Darby Property Berhad, a prominent real estate developer in Malaysia and the UK, has a rich history dating back to its 1973 incorporation. It emerged from merging the property divisions of Golden Hope Plantations, Kumpulan Guthrie, and Sime Darby Berhad. Originally United Estates Projects Berhad in 1964, it became part of Sime Darby in 1985 as Sime UEP Properties Berhad, focusing on redeveloping former oil palm estates.

Sime Darby Property, is a luminary in the Malaysia’s real estate sector, and continues to excel with its visionary developments that prioritise sustainability and community living. Recently, the company launched multiple projects across Malaysia, notable for integrating green spaces and modern amenities to foster vibrant communities.

Their achievements include the successful launch of innovative residential areas in the City of Elmina and other key locations, showcasing their commitment to eco-friendly living and architectural excellence

Some of their current projects include:

Serasi Residences

seasi residence

Serasi Residences is a transit-oriented development (TOD) with modern versatile homes. Surrounded with accessibility and lifestyle conveniences, it is strategically located in a central position facilitating efficient and effective access to the city and lifestyle conveniences through ELITE Highway, KESAS, LDP & NKVE. Public transportation is made easier through the close proximity of Putra Heights LRT Station bringing a fuss-free commute to residents.

Melawati Corporate Center

Melawati Corporate Centre

Melawati Corporate Centre, the key component of Melawati’s urban redevelopment plan, provides the essential benefit of convenience through a network of highways, with easy access to increasingly popular rail systems that put the capital city and other hotspots in and around Kuala Lumpur, mere minutes away.

 

 

Mah Sing Group

MahSing

Starting in trading, Mah Sing Group Bhd made a bold pivot to property development in 1994, rapidly ascending to become one of Malaysia’s elite property developers.

Driven by a vision to lead in sustainable property development, innovation is central to our ethos. Their award-winning, community-centric projects affirm our status as a premier housing developer in Malaysia, reflecting our commitment to excellence and community well-being.

Mah Sing Group in Malaysia has solidified its reputation as a dynamic developer, launching diverse projects that cater to a wide range of buyers. Its recent strides include unveiling innovative residential properties, such as the luxurious M Series, which combines stylish living with sustainability and smart home features.

These achievements underscore Mah Sing’s commitment to quality, customer satisfaction, and environmental stewardship, further establishing it as a leader in the Malaysian real estate industry.

Some of their current projects include:

M Terra

m terra

M Terra is conceptualised and developed to be a transportation environment focused project which promotes a fresh take on urban living in which attracts vibrancy in lifestyle within the location, promotion of creativity, and the generation of radiant energies within its surrounding. Situated next to an international hotel. M Terra is curated to represent the journey of how aspirations eventually meet fulfillment all within an ambiance of endless opportunities for a trendy and urban living lifestyle. 

 

Erica East

erica east

Erica East @ Meridin east is strategically situated in the Eastern Gateway of Iskandar Malaysia, Meridin East is the largest integrated township in Pasir Gudang, Johor Bahru. Erica East is where modern home living meets extraordinary lifestyle facilities, and Meridin East invites a new concept of city living. It is a well-designed masterplan set amidst verdant greenery, connecting by natural lakes, 16.6km scenic jogging paths and cycling lane.

 

 

Eco World Development Group

Eco World Development Group

Eco World Development Group Berhad, is a public listed Malaysian company involved in property development of more than 8,000 acres of landbank in the Klang Valley, Iskandar Malaysia and Penang, with total gross development values exceeding RM80 billion.

They have four sizeable and diversified revenue pillars: Eco Townships, Eco Rise, Eco Hubs and Eco Business Parks, enabling us to serve all segments of the real estate market.

Eco World Development Group in Malaysia has been at the forefront of sustainable property development, making notable strides in 2023 with their launch of four significant projects across multiple regions, including Eco Ardence and Eco Grandeur in the Klang Valley, and Eco Marina in Batu Kawan.

These projects highlight Eco World’s commitment to innovation, offering a blend of residential comfort and environmental sustainability

Some of their current projects include:

Bukit Bintang City Centre

Bukit Bintang City Centre

Bukit Bintang City Centre (BBCC) is a visionary, state-of-the-art integrated development designed to complement and enhance the city’s cosmopolitan vibe. Strategically situated on a 19.4-acre site within the Golden Triangle, BBCC offers a complete cosmopolitan lifestyle that encompasses modern residential suites, hotels, retail, an entertainment hub and a transit hub.

 

Eco Ardence

Eco Ardence

Eco Ardence is the cradle of passion, a place infused with vibrant energy and alive with activities. This is where the creation of art, the expression of culture and the innovation of commerce converge, inspiring a sense of pride and belonging in the community. Flourishing with life and yet serene in spirit, it is a redefinition of an enclave, the re-imagination of Shah Alam.

 

 

Gamuda Land

Gamuda Land

Since 1995, Gamuda Land, one of Malaysia’s top property developer companies, has been delivering innovative real estate developments and creating holistic, sustainable vertical and township communities in Malaysia, Australia, Singapore and Vietnam.

Gamuda Land has made significant strides in property development, emphasizing sustainability and community-centric designs. Among its recent achievements, it has launched innovative projects such as Mori Pines in Gamuda Cove and Astor in Gardens Park, Sungai Buloh North, showcasing their commitment to integrating nature with living spaces.

These developments highlight Gamuda Land’s dedication to creating harmonious environments where residents can thrive, further establishing its reputation as a leader in Malaysian real estate.

Some of their current projects include:

Gardens Park

Gardens Park

Gardens Park is a freehold sister development, adjacent to Gamuda Gardens. The 532-acre development features freehold landed homes-in-a-park that’s mindfully designed for starter families.

 

Twentyfive7

twentyfive7

Twentyfive7, in the south of Kota Kemuning is a vibrant 257-acre connected township with easy access to the park and mall at the heart of Kota Kemuning.

 

 

UEM Sunrise

UEM Sunrise

UEM Sunrise, is a premier property developer in Malaysia, and has marked its prominence through the successful launch of several high-profile projects, embodying innovation and sustainability.

The company’s ventures span across luxurious residential properties, integrated developments, and commercial hubs, underscoring its dedication to enhancing urban landscapes and community living standards.

With a forward-thinking approach, UEM Sunrise continues to achieve milestones, setting new standards in real estate development while prioritising environmental stewardship and innovative design.

Some of their current projects include:

The Connaught One

connaught one

The Connaught One, an exciting new freehold Transit-Oriented Development designed for maximum convenience. With its location right next to Taman Connaught MRT Station, everything is easily within reach.

 

Mozart

mozart

Mozart in Symphony Hills are 3-storey super link homes in a freehold boutique development by UEM Sunrise Berhad. Mozart is located in the center of Cyberjaya where the residents can easily find a variety of amenities, connectivity & accessibilities.

 

IOI Properties Group

ioi properties

IOI Properties Group Berhad is an award-winning top-ten property developer in Malaysia with a legacy of more than four decades in the property development industry. The Group’s three core business segments comprise property development, property investments and hospitality and leisure across Malaysia, Singapore and Xiamen, People’s Republic of China (PRC).

IOI Properties Group in Malaysia has recently unveiled an array of property projects, showcasing their commitment to innovation and quality living spaces.

Notable developments include Caladia Serviced Apartment and iSynergy Semi-D Factory, which exemplify their dedication to blending modern design with functionality, catering to a broad spectrum of residential and commercial needs.

These achievements highlight IOI Properties Group’s continuous growth and its significant contribution to Malaysia’s real estate landscape.

Some of their current projects include:

16 Sierra

16 sierra

16 Sierra is strategically located in the southern part of Puchong or better known as Puchong South. 16 Sierra is well planned and developed by Malaysia’s leading developer, IOI Properties Group. The concept behind the unique 16 Sierra is to provide residents a place where healthy living meets the convenience of a modern township.

 

Warisan Puteri

warisan putri

Warisan Puteri, Sepang is a new vibrant township synonymous with Kuala Lumpur International Airport (KLIA) and Sepang International Circuit that promises a new lifestyle for the young & energetic. This Freehold 206-acre Warisan Puteri @ Sepang master plan is built on our insight to develop this area into a self-sustainable township that incorporated the element of residential (terrace house, townhouse & serviced apartment), commercial (shop office) and recreation.

 

 

Sunway Property

Sunway Property

Sunway Property, an award-winning property developer known for its mission to build a better tomorrow by creating an integrated, sustainable and liveable environment for our communities.

Sunway Property has made significant contributions to Malaysia’s real estate market, highlighted by its Signature Series 2023 campaign featuring 18 projects across key locations.

These initiatives showcases their commitment to delivering exceptional design, innovative features, and comprehensive amenities, reinforcing their reputation as a leading developer dedicated to enhancing urban living and community well-being.

Some of their current projects include:

Sunway Alishan

sunway alishan

Sunway Alishan Residences in Cheras, is developed by Sunway Property, and embodies unparalleled luxury and sophistication. Designed for the discerning few, their 240 meticulously crafted residences redefine sophisticated living.

 

Sunway Velocity TWO

velocity 2

Sunway Velocity TWO sits opposite to the fully-integrated development and it sets to elevate city living to a whole new vibrant level. This development enjoys the unique advantage of direct access to the comprehensive amenities including shopping mall, medical centre, hotel, college, retail, offices and 2-acre central park.​

 

 

UMLand

umland

UMLand is the award-winning Malaysian developer behind the successes of several residential townships and niche developments across the country. The company has two divisions handling Township Development and Niche Projects respectively.

It also has a hospitality division that operates Suasana Suites serviced apartments, a construction division under UMLand Builders Sdn Bhd, and an F&B division under UMLand Lifestyle Sdn Bhd.

UMLand has distinguished itself in the Malaysian real estate sector through the successful development of various residential townships and niche projects. Their portfolio is characterised by urban and strategically located developments, emphasizing not just construction, but the creation of lifestyles.

UMLand’s expertise and comprehensive approach to development have established it as a premier developer in Malaysia.

Some of their current projects include:

Suasana Medini

Suasana Medini

Suasana Medini forms a part of the larger UMCity Medini Lakeside development. The latter is a 5.03-acre mixed development project anchored around a picturesque 13-acre lake. The development is designed to be a staging ground for a world-class commercial and residential hub.

 

Suasana Bukit Ceylon Residences

Suasana-Bukit-Ceylon

Suasana Bukit Ceylon residences and service apartments is one of the few FREEHOLD landmark developments within the last of the green belts of the city, rising 34 storeys to magnificent views of shimmering night lights amidst awesome skylines of KL City Centre and the Kuala Lumpur business district.

 

 

Tropicana Corporation

Tropicana Corporation

Tropicana Corporation Berhad  was incorporated in 1979, listed on the Main Market of Bursa Malaysia Securities Berhad in 1992, and rebranded in 2013.

Tropicana have since become one of Malaysia’s leading conglomerates with diversified business interests in Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings, and more.

Tropicana Corporation Berhad has redefined residential resort-style living with its projects like Tropicana Golf & Country Resort and Tropicana Indah Resort Homes, establishing a distinctive identity in property development.

They’ve created integrated spaces like Tropicana Metropark in Subang Jaya and Tropicana Gardens in Petaling Jaya, which offer a blend of residential comfort and commercial vitality, directly linked to public transport.

Additionally, Tropicana Aman in Kota Kemuning is a self-contained development emphasizing a harmonious community lifestyle centered around an 85-acre Central Park.

Some of their current projects include:

Tropicana Aman

Tropicana Aman

Tropicana Aman, an 863-acre development, has been artfully designed to acquaint you with the alluring qualities of nature. Relish in the lush greenery of its 85-acre Central Park and 7km bike trail. From landed to high rise residences and shop offices, Tropicana Aman is also close to several expressways, ensuring a seamless connection to your workplace.

 

Tropicana Metropark

Tropicana Metropark

Tropicana Metropark is a sprawling 88-acre freehold developing in Subang Jaya, an affluent and vibrant township. Comprising residences, business spaces, retail hotspots, an international school, and an Urban Park, this integrated development provides a holistic balance between work and play. Residents enjoy direct access to the Federal Highway via an RM106 million purpose-built Tropicana Metropark Link.

 

Conclusion

best property developers malaysia 2024

In 2024, the contributions of Malaysia’s top 10 property developers to the real estate market cannot be overstated. Their commitment to innovation, quality, and sustainability has significantly shaped the industry’s landscape, setting a solid foundation for future growth.

Their projects not only cater to the evolving needs of the community but also drive the market towards exciting prospects for both investors and future property owners. Click here for the Top 10 Property Developers In Malaysia 2023.

 

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Best Housing Development In Ara Damansara https://www.realestatemy.com/best-housing-development-ara-damansara/ https://www.realestatemy.com/best-housing-development-ara-damansara/#respond Mon, 19 Feb 2024 10:06:44 +0000 https://www.realestatemy.com/?p=9926 Best Landed House Developments In Ara Damansara Ara Damansara, with its serene atmosphere and strategic location, is steadily becoming one of Malaysia’s most desirable residential addresses. The top landed housing development estates in this area are a showcase of thoughtful design and modern luxury, poised amidst a variety of landmarks that enhance the locale’s appeal. […]

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Best Landed House Developments In Ara Damansara

ara_damansara

Ara Damansara, with its serene atmosphere and strategic location, is steadily becoming one of Malaysia’s most desirable residential addresses. The top landed housing development estates in this area are a showcase of thoughtful design and modern luxury, poised amidst a variety of landmarks that enhance the locale’s appeal. Residents can enjoy the convenience of Citta Mall’s diverse shopping experiences and the tranquility of the nearby Saujana Golf and Country Club, offering a perfect weekend retreat.

The estates themselves are a stone’s throw from the lush greenery of Taman Tasik Ara Damansara, providing a natural sanctuary for those morning jogs or evening strolls. These developments prioritize spacious layouts, privacy, and community-centric living, featuring parks and recreational spaces that cater to both young families and those seeking a peaceful lifestyle. With the Subang Airport only a short drive away, Ara Damansara’s landed estates provide both a retreat from the urban hustle and a gateway to the rest of the world.

 

Top Landed Housing Estates In Ara Damansara

 

Seri Pilmoor, Ara Damansara

Seri Pilmoor, Ara Damansara

Seri Pilmoor is a an exclusive fenceless residential estate located in the heart of Ara Damansara. It is developed by Sime Darby Property in 2013. This area is surrounded by beautiful landscaping and tranquil surroundings as it it is an eco-friendly neighborhood. Its is close by Ara Greens Residences .

Set within 28.5 acres of freehold land, Seri Pilmoor consist of contemporary-styled 74 bungalows and 34 semi-detached homes featuring wide frontages and private backyards. So far, the interest has been from affluent Malaysian locals who are interested in either living there or purchasing as an investment.

Interweaving with the immense greenery to create an amazing lifestyle is the Seri Pilmoor resident’s-only clubhouse, The Lanai. It features a state of the art design. The Lanai is perfect for all occasions, with a swimming pool, wading pool, children’s play area, kitchenette, meeting rooms, and a pantry available.

Creating a digital smart home with security may be today’s norm. However, an amazing addition to Seri Pilmoor neighborhood is that there is a video call facility for live consultation and reports to Sime Darby Medical Centre Ara Damansara. Any calls, including video calls, will be free using a special WiFi network connection between all Seri Pilmoor residents and the Sime Darby Medical Centre Ara Damansara.

For shopping and leisure, there are plenty of shopping malls nearby Seri Pilmoor which include Oasis Ara Damansara, Citta Mall, Tesco, One Utama, The Curve, Ikano Power Centre and Empire Damansara. As for accessibility, Ara Damansara is easily accessible through many major highways such as the NKVE, Federal Highway, LDP Highway and Subang Airport Highway.

 

 

Imperial Promenade, Ara Damansara

Imperial Promenade, Ara Damansara

Imperial Promenade in Ara Damansara is an exclusive housing development with only 42 bungalows. This area has a gross development value (GDV) of RM78.9 million, and the bungalows are inspired by the wonders of the Mediterranean. It is spread over 9.6 acres of freehold land.

It also seems that the architects and planners at Sime Darby were obsessed with the letter D for this development, as there are 3 housing areas in Imperial Promenade which start with the letter D. They are D’Palace (13 units), D’Manor (19 units), and D’Castle (10 units). The launch price of these properties started from RM1.6 million up to RM2.4 million, and have a built-up area of between 4,070 to 4,650 sf. The land area of these bungalows range from 7,448 to 14,843 sf.

As you can imagine with that price tag, the streetscape of Imperial Promenade aims to have an exclusive aura to it. As a result, there is a cul-de-sac layout to make it seem like there is an ‘island’. There is a green-street concept with concealed drains and semi-underground cabling. The main community facility is the linear recreational park. This area is accessible via the NKVE and the Federal Highway. It is also near Subang Airport and schools.

Each bungalow at Imperial Promenade is very spacious, and has 4 bedrooms on the upper floor, complete with an en-suite bathroom. On the bottom floor is the guest bedroom which is just as big as the master bedroom, and also has an attached bathroom. There is also a powder room, as well as a separate bathroom near the maid’s room. To make the bungalows truly feel like your own palace, marble is used in both the living and dining areas. Timber strips are also present in the family area and bedrooms.

 

Casarina, Ara Damansara

Casarina, Ara Damansara

Casarina is a turtle shell-shaped housing development which overlooks Ara Damansara’s recreational linear park. Sitting on freehold land, it was completed in May 2006. There are 140 units of 2-storey homes here, which sit on higher ground compared to other housing developments in this area.

Casarina also has its own separate entrance, which makes it feel as though Casarina is more exclusive than the other housing estates in this area. The standard lot size is 24′ x 75′, with a minimum built-up area of 2,350 sf. The smaller houses are 3+1 bedroom, while the larger houses have 4+1 bedrooms. Each house has a balcony at the front and the back of the house, so residents can enjoy the view. The original launch price at Casarina was RM406,888. Facilities here include a business centre, jogging track, nursery, playground, salon, and 24 hour security. In addition to that, it is across the road from the park.

Casarina is accessible via the NKVE. It is close to a variety of township amenities such as Subang Airport, Saujana and Tropicana Golf and Country Clubs, schools such as The Japanese School of Kuala Lumpur, and petrol stations. In addition, Giant, Subang Parade, Amcrop Mall, Sunway Pyramid, and The Curve are all within a 10 kilometre radius from Casarina.

 

Idaman Villas, Ara Damansara

Idaman Villas, Ara Damansara

Idaman Villas is an exclusive semi-detached house development located in Ara Damansara. It is adjacent to Tropicana Golf & Country Resort, Mah Sing’s Damansara Legenda, and  Vista Subang . It is located in gated and guarded community.

Idaman Villas comprises a total of 54 semi-detached “Garden Villa” units within the 7-acre freehold site. Each unit comes with 4+1 or 5+1 bedrooms and 6 or 7 bathrooms. Among its special features are spacious living areas, timber and marble flooring, internal courtyards, exterior water features and master bedrooms with romantic skylight showers.

In addition, Idaman Villas also offers resort-style amenities, which are located in a clubhouse, including gymnasium, infinity pool, wading pool and Jacuzzi. Initial purchasers were given free air-conditioner units at living, dining and bedrooms areas and free maintenance fee for 1 year, as well as 3% discount for early birds. The project was launched on 10th February 2007.

Several amenities can be found mere minutes away from Idaman Villas. It is just mere minutes to commercial centres, namely Aman Suria, Merchant Square Business Centre SunwayMas Commercial Centre, and Dataran Prima. Besides that, there are SMK Tropicana and SRK Tropicana located few hundred meters away.

Nestled within Petaling Jaya vicinity, it is just about 20 minutes away from One Utama, The Curve, Tesco Damansara, Giant Mall Kelana Jaya and Tropicana City. Once the access road to Ara Damansara is open, residents are just about 10 minutes away from Subang Airport and Subang Jaya.

In terms of accessibility, Idaman Villas is well connected to numerous expressways including NKVE, SPRINT Highway and Damansara-Puchong Expressway (LDP). Besides that, the road Hence, residents here are well-connected to prime areas including Bandar Utama, Damansara Uptown, Damansara Jaya and SS2 within 10 minutes during good traffic flow.

 

Atilia, Ara Damansara

Atilia, Ara Damansara

Atilia is terrace house precinct nestled in Ara Damansara. It is situated besides Alissia and the Seri Pilmoor, and within a gated and guarded community. It comprises 2-storey terrace houses, each sits on 22’ x 75’ land area.

The standard unit has 4+1 bedrooms with 3 bathrooms, while the corner unit has 5+1 bedrooms and 4 bathrooms with bigger built-up size and land size. These houses are launched back then in 2003 at about RM360,000 each.

In terms of accessibility, Atilia is easily accessible via Jalan PJU 1A/3 which is connected to Jalan Lembah Subang if you are coming from Damansara-Puchong Highway (LDP). Besides that, it is sited along PJU 1A/1 that connects to Tropicana enclave. Atilia is also accessible via Jalan Lapangan Terbang Subang that directs to Federal Highway and Kelana Link Highway.

Right besides Atilia, there is Ara Damansara Park which is furnished with jogging track, ponds, patios, children playground, basic outdoor gym and game courts. Besides that, Taipan 1 commercial centre is located right besides it as well. Atilia is within 2 minutes driving to NZX Commercial Centre and Dataran Ara Damansara. It is also within close proximity to Oasis Ara Damansara and Citta. Schools located nearby are SMK Lembah Subang, SRK Lembah Subang and Japanese International School. For recreational activities, Atilia is within 10 minutes drive to Saujana Golf Resort and Tropicana Golf Resort.

 

Winchester, Ara Damansara

Winchester, Ara Damansara

Winchester is a 2-storey terrace houses estate nestled in the fast growing township in Petaling Jaya, namely Ara Damansara. It neighbours Atilia, Damansara Idaman and Idaman Villas. It comprises a total of 188 units of 2-storey linked house within a gated and guarded community.

Each unit consists of built-up sizes from 2,170 onwards sf and contains 4+1 bedrooms and 3 bathrooms. This 2-storey terrace houses development is one of many residential developments in Ara Damansara. Besides Winchester, there are Casarina, Alissia, Bayu and Embun housing estates to name a few.

Ara Damansara township is one of the last freehold sites in the north of Petaling Jaya. It comprises of 762-acre land which to be developed with residential and commercial developments, including double storey terrace homes, double-storey semi-detached homes, bungalows, medium-cost apartments, low-cost apartments, neighbourhood shops and shop-offices. It will consist of 4,000 units of various properties after it is completed in 4 years time.

Vast array of amenities can be found within short proximity from the residential. Just a stone’s throw away, there is NZX Commercial Centre, a new commercial area with numerous of restaurants, clinics, pet shop, and supermarkets. Moreover, there are also commercial centres in within Ara Damansara vicinity including Dataran Ara Damansara and the upcoming Oasis Ara Damansara. It is accessible from Jalan Lapangan Terbang via Jalan PJU 1A/1. It is also reachable from Damansara-Puchong Expressway (LDP) via Jalan Lembah Subang. Plus, it is served by Federal Highway.

 

Calarosa, Ara Damansara

Calarosa, Ara Damansara

Calarosa is a 2-storey terrace house development within a gated and guarded community sited in the fast developing Ara Damansara. It is part of Phase 2 development that also comprises its immediate neighbors, Berkeley, Palermo and Chelmsford.

This freehold enclave comprises of 2-storey terrace houses with lot size of 24’ x 75’. It is built with 4+1 bedrooms and 3 bathrooms. It comes with porches at the front and back.

Ara Damansara is a self-contained township located adjacent to Jalan Lapangan Terbang Subang and the established Tropicana vicinity. This township is completed a vast array of amenities including an integrated commercial and retail centre, Oasis Ara Damansara, NZX Commercial Centre and Citta.

There are several schools located nearby Calarosa, including SMK and SRK Lembah Subang, and Japanese International School. The township itself hosts Ara Damansara Recreational Park.

In addition, Calarosa is about 10 minutes driving to Subang Parade and Carrefour Subang, and 15 minutes to Sunway Pyramid and 1 Utama Shopping Centre. For recreational activities, one can hit the putting green at Saujana Golf & Country Club and Tropicana Golf & Country Club.

The current access available is via the 6-lane Jalan Lapangan Terbang Subang (that directs to the Subang Airport, Subang Jaya, Kelana Link and Federal Highway) and FAS Tunnel (that leads to Damansara-Puchong Expressway (LDP).

 

Berkeley, Ara Damansara

Berkeley, Ara Damansara

Berkeley is a double-storey terrace house within a guarded community nestled in the suburban township of Ara Damansara. Berkeley is situated neighboring to Palermo, Calarosa, and Ara Hill.

Berkeley comprises a total of about 130 units of 2-storey terrace house. Each house has built-up size of approximately 2,000 sf and sited on 24’ x 75’ land size. The house has 4 bedrooms and 3 bathrooms.

Current access route to Berkeley is via Jalan Lapangan Terbang Subang from Federal Highway, Subang Jaya, New Klang Valley Expressway (NKVE) and Kelana Link. One can also access Berkeley via Jalan PJU 1A/46 through the FAS tunnel if coming from Damansara-Puchong Highway (LDP).

Being a self-sustained township, Ara Damansara is designed to fulfill each needs and wants of the residents. For recreational activity, there is a recreational park with children playground, a takraw/ badminton court and jogging track right next to the enclave, in between Berkeley, Palermo and Calarosa. There is also a children playground within Berkeley itself.

For shopping, leisure and necessities, there are Dataran Ara Damansara and Oasis Ara Damansara located within the vicinity. In addition, NZX Commercial Centre and Citta are approximately 7 minutes drive. Berkeley is about 15 minutes drive to SS16’s shopping district that hosts Subang Parade, Carrefour Subang and Empire Gallery. Berkeley is also about 15 minutes drive to Saujana Golf & Country Club and Glenmarie Golf & Country Club.

 

Alissia, Ara Damansara

Alissia, Ara Damansara

Alissia is a residential enclave located in Ara Damansara, It is situated just next to the well-established residential and commercial areas of Kelana Jaya, Tropicana Golf and Country Resort, Bandar Utama and Subang Jaya. It is among other housing estate in Ara Damansara like the Winchester , Seri Pilmoor and Imperial Promenade .

Alissia is fast becoming one of the preferred addresses in exclusive townships within the Klang Valley, due to Ara Damansara’s rapid growth and much improved infrastructure providing a plus point that will further enhance its value and appeal.

Alissia has contemporary architectural design of a double-storey terrace / link house with covered parking. Just like the other areas of the Ara Damansara neighborhood, Alissia has a quiet and peaceful surrounding. With 3 + 1 bedrooms and 3 bathrooms in a spacious and contemporary designed double-storey house, this place is perfect to relax in away from the hustle and bustle of the city.

Alissia is strategically located and easily accessible from the Klang Valley through excellent highways like the New Klang Valley Expressway (NKVE), Lebuhraya Damansara – Puchong Highway (LDP), Federal Highway and Sprint Highway, thus enabling the area to have quick access link to the Kuala Lumpur City Centre, Shah Alam, Petaling Jaya, Subang Jaya, Klang and also the Kuala Lumpur International Airport.

In addition, Alissia also provides its residents with convenient access to public amenities and township facilities such as integrated feeder bus to Putra LRT station, popular shopping malls like One Utama Shopping Centre, Ikano Power Centre, IKEA, The Curve, Centrepoint, KBU International College, Kolej Damansara Utama, Sekolah Sri KDU, Damansara Specialist Centre and Tropicana Medical Centre.

 

 

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Best Housing Development In Bukit Jalil https://www.realestatemy.com/best-housing-development-bukit-jalil/ https://www.realestatemy.com/best-housing-development-bukit-jalil/#respond Thu, 15 Feb 2024 02:06:26 +0000 https://www.realestatemy.com/?p=9921 Best Landed House Developments In Bukit Jalil In the evolving landscape of Bukit Jalil, Malaysia, the top 10 landed housing developments stand as a testament to thoughtful urban planning and contemporary luxury. These estates are woven into the fabric of a neighbourhood celebrated for its balance of recreation and residential bliss. Notable landmarks, such as […]

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Best Landed House Developments In Bukit Jalil

best landed house bukit jalil

In the evolving landscape of Bukit Jalil, Malaysia, the top 10 landed housing developments stand as a testament to thoughtful urban planning and contemporary luxury. These estates are woven into the fabric of a neighbourhood celebrated for its balance of recreation and residential bliss. Notable landmarks, such as the sprawling Bukit Jalil National Stadium and the lush, green expanses of the Bukit Jalil Golf & Country Resort, are within easy reach, offering a lifestyle that is both active and leisurely.

The developments are strategically placed, ensuring that residents are just a stone’s throw away from the Pavilion Bukit Jalil, a shopping paradise for those with a penchant for luxury brands and gourmet dining. Each estate is crafted to harmonise with the area’s natural topography, providing a serene environment that stands in contrast to the energetic buzz of the nearby Technology Park Malaysia. These enclaves offer not just homes but sanctuaries, where every amenity reflects the upscale aspirations of Bukit Jalil’s residents.

 

Top Landed Housing Estates In Bukit Jalil

 

Alam Sutera, Bukit Jalil

Alam Sutera, Bukit Jalil

Alam Sutera is a charismatic 71-acre residential in Bukit Jalil that brings in convenience, quality and inspiration. The residential comes with 2-storey terrace houses, 2-storey semi-detached homes, condominiums, bungalows and shop lots. The sum of residential units is 700.

Alam Sutera is a low-density project which offers a choice to those who prefer a more intimate address. One can find all the amenities within a near distance in Bandar Kinrara. Residents of Alam Sutera are indulging with incredible amenities right from your door. There is a Giant Hypermarket which is nearing to completion. There are other developments within the vicinity such as Kinrara Golf Club, Bukit Jalil & Country Resort and Technology Park of Malaysia (TPM).

Roughly 19 km by road to the south of the city centre of Kuala Lumpur, Alam Sutera is within the immediate surrounding of well-known housing areas. There are Bandar Kinrara, Bandar Bukit Jalil, Taman Puncak Jalil, Bandar Puchong Jaya, Bandar Puteri Puchong and Pusat Bandar Puchong. Alam Sutera can be easily accessible via Bukit Jalil Highway, Damansara-Puchong Highway (LDP) and Shah Alam Expressway. Moreover, there will be LRT station at Bukit Jalil National Sports Complex.

Mutiara Bukit Jalil, Bukit Jalil

Mutiara Bukit Jalil, Bukit Jalil

Mutiara Bukit Jalil is a low-density housing development in Bukit Jalil. Developed by Puchong Kinrara Development (a subsidiary of Dolomite Corporation), this housing estate consists of 3 phases which were all completed in several stages, with the last phase completed in 2010.

All of the houses in Mutiara Bukit Jalil are 3-storey terrace link homes, situated on freehold land. Information for Phase 1 is unavailable. However, phase 2 consists of 135 houses. These houses in phase 2 are situated on a 22′ x 70′ piece of land, and have a built-up area of 2,895 sf. These houses are 5 + 1 rooms and have 4 bathrooms. They include 3-phase wiring, an auto-gate, a covered car porch which can fit 2 cars side by side, and high quality floor tiles. This phase was completed in 2007.

Mutiara Bukit Jalil is accessible via the Sg Besi-Puchong road (aka Bukit Jalil Highway). Facilities nearby include Giant Bukit Jalil, schools, Hospital Kem Kinrara, Hindu temples, Bukit Jalil Golf Club, IOI Mall, Tesco, and restaurants. It is also less than 4 kilometres away from Bus Terminal Jln Othman, KTM Petaling, and RapidKL LRT Sri Petaling.

 

Seri Jalil, Bukit Jalil

Seri Jalil, Bukit Jalil

Seri Jalil is a new development by Magna Prima which is located in the vicinity of Bukit Jalil. Completed at the end of 2012, this residence consisted of 2.5 storey super link and semi-detached homes. Seri Jalil development is constructed on a 10.86-acre freehold land and the entire project got a gross development value of RM126 million. The built-up of the houses ranges between 3,345 sf and 4,162 sf. Its houses come in two unique layouts. The super link houses has 6 + 1 rooms and 7 bathrooms with 3,345 sf built-up. Meanwhile, the semi detached houses comes with 5 + 2 rooms and 7 bathrooms which has 4,162 sf built-up.

Furthermore, Seri Jalil is a gated and guarded residence that comes with facilities such as 24-hour security, landscaped garden, business park, children’s playground, jogging track, sport facilities and convenience stores within short distance. Bukit Jalil Integrated Business Park is a 10-minute drive from the neighbourhood.

In terms of accessibility, Seri Jalil is linked by Bukit Jalil Highway, Kesas Highway, Puchong – Damansara Expressway (LDP) and Maju Expressway (MEX). Train stations located nearby are Bukit Jalil LRT Station and Sri Petaling LRT station. Also located nearby are matured amenities such as Bukit Komanwel Recreation Park, 80 acres Bukit Jalil International Park, Bukit Jalil Golf and Country Club, National Sport Complex, UCSI University, IOI Mall and Setia Walk.

 

Taman Esplanad, Bukit Jalil

Taman Esplanad, Bukit Jalil

Taman Esplanad is a gated and guarded residential enclave located at Bukit Jalil, Kuala Lumpur. Taman Esplanad can be found near to Vista Komanwel , Jalil Sutera, The Z Residence  and Bukit Jalil Golf and Country Resort. It offers freehold bungalows, terrace units and also shop-offices.

A bungalow unit has a land area of around 3,760 sf with a built-up area of about 4,151 sf. Standard bungalow comes with 5 to 6 bedrooms and 6 bathrooms. Meanwhile, a 2.5-storey terrace unit consists of a land area of approximately 2,736 sf with a built-up size of about 3,180 sf. A terrace here comes with 6 bedrooms and 4 bathrooms. There are 2 playgrounds located within the vicinity of Taman Esplanad with jogging tracks provided and around-the-clock security. The shop-office has a land area of about 1,920 sf with built-up areas of around 4,800sf.

Residents can simply walk over to Aked Esplanad, a neighbourhood commercial area that is situated within the vicinity of Taman Esplanad. There, residents can find ample restaurants, workshops, cafes, clinic, mini market and more. Not only that, as Taman Esplanad is also located near to Sri Petaling, residents can also enjoy the many amenities provided there. Residents can travel about 9 minutes via car to Taman Seri Petaling where ample shops are located. There is also The Store shopping centre where one can find a supermarket there.

Apart from amenities like these, residents who fancy recreational activities can also head over to the Bukit Jalil Gold and Country Club, Bukit Jalil Hockey Stadium, Xtion Paintball Park or even the Bukit Jalil National Stadium for some sports activities. All located no further than a 15 minutes short drive away from Taman Esplanad. As for educational establishments, there are 4 educational institutions situated near to Taman Esplanad, namely International Medical University (IMU), SMK Bandar Baru Seri Petaling, SK Bandar Baru Sri Petaling 2 and SRA Seri Petaling, all located no further than 1km away from Taman Esplanad.

The Seri Petaling RapidKL LRT Station is the nearest mode of public transportation sited to Taman Esplanad which is located about 0.24km away from the residential development. Connectivity wise, residents can easily travel to major cities like Kuala Lumpur and Petaling Jaya within 20 minutes using Shah Alam Highway (KESAS), Maju Expressway Kuala Lumpur-Putrajaya (MEX) and East-West Link.

 

Jalil Sutera, Bukit Jalil

Jalil Sutera, Bukit Jalil

Jalil Sutera in Bukit Jalil is a freehold semi-detached houses within a gated and guarded community developed by Ho Hup Construction. The company is also the developer behind residential and commercial projects such as Jalil Damai, Sri Rakyat Apartments and The Ritz which are all located within near proximity.

Jalil Sutera comprises of 2.5-storey semi-detached units in which the standard units come with a land area ranges from 3,605 sf to 5,402 sf with a built-up size of around 3,790 sf. Each unit contains 7 bedrooms and 6 bathrooms. As for facilities, apart from around the clock security, it also offers a playground within the vicinity.

As The Ritz (which are the 2-storey shop offices) are located within walking distances from Jalil Sutera, residents can easily enjoy amenities which are situated within a short distance away. Residents can enjoy their meals at the various restaurants located there as well as find many workshops there. Apart from that, residents can also travel to Jalil Link which is a mere 9 minutes’ short drive away from Jalil Sutera where residents can find more restaurants, cafes, convenience store, clinics, saloons, boutiques and more.

As for educational institutions, schools such as SK Seri Indah, SJKT Ldg Bukit Jalil, SMK Taman Yarl and also the established International Medical University (IMU) are all located no further than a 2km radius away from Jalil Sutera. Residents will also be delighted to know that the established Lai Ming Primary School which is still under construction is also located just across the street from Jalil Sutera. Connectivity wise, it is easily accessible using the Bukit Jalil Highway, or the Shah Alam Highway. As for public transportation, the RapidKL LRT Sri Petaling Station will the nearest mode of public transportation situated to Jalil Sutera.

 

Bukit OUG Townhouse, Bukit Jalil

Bukit OUG Townhouse, Bukit Jalil

Bukit OUG Townhouse is a freehold development located within the established neighborhood of Bukit Jalil. The development features townhouses of varying built-up sizes ranging from 1,100 sf to 1,800 sf. Each of these unites in Bukit OUG Townhouse comes with 3 bedroom and 2 bathrooms. Condo-like facilities such as swimming pool, multipurpose hall and sauna are available for residents.

There are a number of amenities which can easily be accessed within short driving distances. Residents of Bukit OUG Townhouse can head over to the Plaza Komanwel shopping center which is host to a wide array of amenities ranging from clothing to food. Apart from that, one can always head to Secret Recipe or Oversea Restaurant, both of which are less than 1km away.

In terms of education, families with studying children will delight at the fact that there are a number of educational institutions located within close proximity. There is the International Medical University for higher education; as well as SMK Bandar Baru Sri Petaling, SK Bandar Baru Sri Petaling 2 and SRA Sri Petaling – all of which are less 1 km away.

There are 2 major highways servicing Bukit OUG Townhouse, namely Shah Alam highway and the Bukit Jalil highway. Both are easily accessible. For those who utilizes public transport, RapidKL Sri Petaling is about 10 minutes walk away while KTM Tasik Selatan is located about 3km away. Furthermore, the development is within close proximity to the new proposed LRT station.

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Best Housing Development In Kota Damansara https://www.realestatemy.com/best-housing-development-kota-damansara/ https://www.realestatemy.com/best-housing-development-kota-damansara/#respond Tue, 13 Feb 2024 15:09:49 +0000 https://www.realestatemy.com/?p=9930 Best Landed House Developments In Kota Damansara Kota Damansara in Malaysia stands as a prime example of residential planning done right, with its top 10 landed housing development estates offering a unique suburban experience. These estates are strategically positioned amidst a host of landmarks that define the area’s landscape. From the verdant Kota Damansara Community […]

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Best Landed House Developments In Kota Damansara

kota damansara

Kota Damansara in Malaysia stands as a prime example of residential planning done right, with its top 10 landed housing development estates offering a unique suburban experience. These estates are strategically positioned amidst a host of landmarks that define the area’s landscape. From the verdant Kota Damansara Community Forest Reserve, providing a green oasis for nature enthusiasts, to the bustling Sunway Giza Mall, a haven for shoppers and food lovers alike, there’s a perfect balance of leisure and convenience.

Residents are also privy to the Selangor Polo Country Club, which adds a touch of class and the opportunity for equestrian pursuits. The estates themselves offer a mix of tranquil living with the vibrancy expected from one of the city’s most up-and-coming neighborhoods. With thoughtful community layouts and contemporary homes that cater to modern tastes and lifestyles, Kota Damansara’s landed properties are where one can find a harmonious blend of community, comfort, and the convenience of city life.

Top 10 Landed Housing Estates In Kota Damansara

Bayu Damansara

Bayu Damansara 

Bayu Damansara consists of double-storey terrace houses located at Seksyen 11, Kota Damansara. Completed since 2004, the prices of these houses range based on their land area and built-up area.

Some of the houses in Bayu Damansara are semi-furnished, while others are tastefully furnished with multiple appearances in local home and interior design magazines. Amenities are plenty surrounding Bayu Damansara, with the busy Dataran Sunway commercial hub just a few minutes away. Located nearby are also prominent shopping destinations such as The Curve, Sunway Giza Mall and One Utama. It is also accessible via major highways such as the Sprint Highway, LDP, MRR2 and NKVE.

Bayu Damansara has been carefully developed to preserve its natural greenery within the developments. Children playgrounds, walking paths and spreads of greenery line the areas between the houses here. The quiet and exclusive nature of Bayu Damansara is also and added advantage for those who enjoy privacy at a middle upper-range price. Properties here are mainly for sale, while some are for rent.

Desa Ixora

Desa Ixora

Desa Ixora is a low density, gated residential community which comprises of double storey link houses. The double storey link houses typically have 4 bedrooms and 3 bathrooms with a built-up of approximately 2,000 sf and dimension of about 24 × 90. Facilities available to residents include a fruit garden and security.

Located in the rising township of Kota Damansara, residents of Desa Ixora are practically surrounded by an abundance of amenities. Speaking of eateries, a short drive along Persiaran Surian will bring commuters to the main commercial hub of Kota Damansara. Within, residents will find over 60 restaurants and still continuously growing!

Furthermore, almost all sort of bank are existent within the vicinity for ease of banking activities. Obtaining daily necessities will not be a problem either as residents of Desa Ixora will have so many hypermarkets to pick from. Amongst the hypermarkets available are Giant and Village Grocer which can be found in Sunway Giza – both of which can be accessed within a short 5 minutes drive.

Recreational activities available here are almost incomparable. As one drive further along Persiaran Surian, you will be greeted by the most popular shopping malls in Petaling Jaya, namely The Curve, IPC, Ikea and 1 Utama. Sports enthusiasts will be able to enjoy activities such a badminton, paintball and golf.

Schools are also easily accessible, as they are all placed within walking distances. Desa Ixora is located right opposite the renowned Sri KDU high school and Segi College. For medical attention, one can always visit the Tropicana Medical Centre which is only a stone’s throw away from Sri KDU.

Desa Ixora has great accessibility to a wide range of areas, and is serviced by several major highways like NKVE and LDP. There is also an MRT in Kota Damansara.

 

Laman Bayu

Laman Bayu 

Laman Bayu is located in the popular area of Kota Damansara. Developed by Bayu Melati Sdn Bhd, this housing development consists of 2-storey and 3-storey terrace/super link houses. It will be completed in 2011.

Each house at Laman Bayu has a modern design and is designed with space in mind. Houses have a utility room, wet an dry kitchen areas, 2 family halls, and several bedroooms. Each bedroom has a private en-suite bathroom and a balcony.

Laman Bayu is strategically located and easily accessible from the Klang Valley via excellent highways through the New Klang Valley Expressway (NKVE), NSE (North South Expressway), Lebuhraya Damansara-Puchong Highway (LDP), Penchala Link, DUKE highway, New Guthrie Corridor Expressway and Sprint Expressway. Thus enabling the area to have quick access link to the Kuala Lumpur City Centre, Shah Alam, Petaling Jaya, Subang Jaya, Klang and also the Kuala Lumpur International Airport.

In addition, Laman Bayu also provides its residents with convenient access to public amenities and township facilities such as the One Utama Shopping Centre, Giant, Carrefour, Tesco Hypermarket, Cathay Cineleisure, Ikano Power Centre, The Curve, IKEA, Centrepoint, KBU International College, SEGI College Malaysia, Sri KDU Smart School, Tropicana Golf & Country Resort, Selangor Polo & Country Club, Seri Selangor Golf Club, Damansara Specialist Centre and Tropicana Medical Centre.

 

Damansara Emas

Damansara Emas 

Damansara Emas is an established housing area located in Kota Damansara Selangor. Damansara Emas consists of 2 storey terrace link houses. The built-up of each unit is from 1500 sf, and with a total land area from 3125 sf. Each unit has 4+1 bedrooms, and 3 bathrooms.

There are plenty of amenities located near Damansara Emas. The nearest school would be Sekolah Kebangsaan Sesyen 11. The main amenity often visited by residents would be Carrefour Kota Damansara. The hypermarket is adjacent to the area, and residents can opt to walk over there. Besides that, Tropicana Medical Centre is located 5 minutes away.

Dataran Sunway is another popular amenity located near Damansara Emas. The commercial centre has much to offer, ranging from eateries and banks such as Oldtown Kopitiam, Homst restaurant, Tanjung Village Foodcourt, Standard Chatered, UOB Bank, Al Rajhi bank, RHB bank, and many more.

For recreational activities, resident can head to the Selangor Polo and Equestrian Centre, which is less than 5minutes away. Residents can also opt to go the popular malls in Kota Damansara which is The Curve, and the 1 Utama Shopping Complex, both 10 to 15 minutes drive away respectively from Damansara Emas.

Damansara Emas is easily accessible via various options. From Jalan Sungai Buloh, one would need to exit at Persiaran Jati, which leads to Persiaran Mahogani that is adjacent to the area. From the opposite direction, New Klang Valley Expressway (NKVE) users may exit Persiaran Kenanga and take a turn into Persiaran Mahogani.

 

D’Villa

D’Villa

D’Villa is a link bungalow and bungalow development within a gated and guarded community. It is situated at the north of Kota Damansara, in Section 11, neighboring Bayu Damansara, Bayu Perdana, and Laman Bayu. The development is completed in 3 phases, namely D’Villa Equine, D’Villa Botani and D’Villa Avenue.

D’Villa Equine and D’Villa Botani are developed earlier. D’Villa Equine is the largest area with most number of houses within the G&G enclave. The house here is built on 55′ × 80′ tract of land with built-up size starting from 4,016 sf. Facilities provided within the enclave are jogging track, playground and 24-hour security.

The latest development here is D’Villa Avenue that comprises a total of 16 bungalows. 8 units are 2-storey bungalows, while the remaining 8 are 2½-storey bungalow. The 2-storey bungalow has built-up sizes ranging from 5,348 sf to 6,561 sf. The 2½-storey bungalow has built-up sizes ranging from 5,133 sf to 5,412 sf.

Aplenty of amenities can be reachable within a few minutes of driving. D’Villa is near to Kota Damansara’s focal commercial point, Dataran Sunway and The Strand. For shopping and leisure, one can always drive to a few top Klang Valley’s shopping malls, namely 1 Utama Shopping Centre, The Curve, IKEA and e@Curve. Besides that, it is just a couple of minutes to the new Sunway Giza and upcoming The Strand Mall.

D’Villa is also within short proximity to SK Seksyen 11 and SMK Seksyen 10. For recreational activities, there are Selangor Polo and Equestrian Centre, Seri Selangor Golf Club and Green Haven Golf Club.

 

Villa Damansara

Villa Damansara

Villa Damansara is a residential enclave featuring 2-storey terrace, semi-detached houses and bungalows sited in Kota Damansara. This leasehold residential development is a joint-venture project between Prima Magnamas and PKNS. It houses a total of 280 units of terrace, semi-detached and bungalow houses on a 22.7-acre of land. The 2-storey terrace is built on 22′ x 75′ and 22′ x 85′ of land sizes with built-up sizes from 2,190 sf. It comes with 3+1 bedrooms and 3 bathrooms. Meanwhile, the 2-storey semi-detached is built on 36’ x 80’ land size with built-up size of 3,231 sf. It has 4+1 bedrooms and 4 bathrooms.

Amenities surrounding Villa Damansara are great. One can conveniently drive to Giant Hypermarket and Carrefour Hypermarket within 5 minutes. In addition, it is also merely 5 minutes to Sunway Giza, SunSuria Avenue, Cova Square, The Strand and Dataran Sunway. There are several schools surrounding Villa Damansara, namely SMK Seksyen 4, SK Seksyen 11, SRK Seksyen 6 and Sekolah Sri KDU (Primary and Secondary) (also known as KDU International School).

In addition, it is near to Segi College. For recreational activities, it is within close proximity to Seri Selangor Golf Club, Bandar Utama 9-hole Golf Club, The Club @ Bukit Utama and Sports Planet Futsal Centre. Kota Damansara Mosque is located less than 1km away. Villa Damansara is easily accessible via Persiaran Surian and North-Klang Valley Expressway. These two shall lead motorists to Damansara-Puchong Highway (LDP), Sprint Highway and Jalan Lapangan Terbang Subang.

 

Sierra Damansara

Sierra Damansara

Sierra Damansara is a landed residential estate within a 24-hour gated and guarded community in Kota Damansara. Sierra Damansara comprises 152 units of semi-detached home over the 17 acres of gated and guarded enclave. There are 2 types of semi-detached homes to choose from, namely Richmond Vale (2-storey) and Kingston Green (2.5-storey). Richmond Vale unit has built-up size of 2,700 sf, while Kingston Green has built-up size of 3,650 sf. Each unit is built on 40′ x 80′ tract.

Sierra Damansara is strategically located within the bustling heart of Kota Damansara. It is just within walking distance to Sunway Giza, Dataran Sunway, The Strand and Sunsuria Avenue. In addition, it is also just 5 minutes driving to Giant supermarket. Not only that, it is just opposite Seri Selangor Golf Club. Besides that, the enclave is also full of amenities for the entire family. There are a number of schools and college located within close proximity from Sierra Damansara, including SMK Seksyen 4, Sekolah Sri KDU, Segi College and the International University College of Technology Twintech (IUCTT).

Besides that, Sierra Damansara is approximately 1 km from Tropicana City Centre. Furthermore, it is surrounded by established neighborhoods including Mutiara Damansara, Tropicana Indah, Tropicana, Bandar Utama and Taman Tun Dr Ismail. Sierra Damansara can be easily accessible from Persiaran Surian, Lebuhraya Damansara-Puchong (LDP), Penchala Link and North-Klang Valley Expressway (NKVE). It is just 5 minutes away from Mutiara Damansara shopping enclave, 7 minutes to Bandar Utama and 13 minutes to Mont Kiara – only if the roads are clear.

 

Seri Utama

Seri Utama

Seri Utama is a leasehold residential development located in Kota Damansara. The residential is situated on 12-acre land in between Sri Utama terrace houses and Damansara Emas in Section 5. It is another development by See Hoy Chan, the same developer for Bandar Utama and One Utama.

Seri Utama comprises 2-storey terrace and bungalow houses. The 2-storey terrace house has land area of 37′ x 75′ and built-up size of 1,650 sf. Seri Utama bungalows were just completed recently with only 15 bungalows built. Each unit has built-up sizes range from 4,403 sf to 5,465 sf with land area from 8.900 sf to 13,000 sf. It has 5+1 bedrooms and 6 bathrooms.

Accessibility wise, Seri Utama is reachable from North-Klang Valley Expressway (NKVE) and Persiaran Surian. By utilizing NKVE, motorist can reach the city centre, Damansara Utama within 30 and 10 minutes respectively. Meanwhile, Persiaran Surian connects motorist to Damansara-Puchong Expressway (LDP) and a number of affluent neighborhoods such as Tropicana, TTDI and Bandar Utama.

 

Section 9

Section 9

Section 9 is a residential enclave situated within the thriving neighborhood of Kota Damansara. There are many similar developments located within close proximity such as Villa Damansara, Sierra Damansara, Section 6 to Section 8.

The residential enclave of Section 9 comprises of landed residential developments which includes semi-detached houses, residential lands and bungalow houses. Semi-detached houses typically have built-up sizes of about 4,000 sf while the bungalows usually have built-up sizes ranging from 7,000 sf. Residential lands come in varying sizes ranging from 10,000 sf onward.

As the address of Kota Damansara would suggest, residents of Section 9 enjoys unrivaled convenience as it is situated within a stone’s throw away from the commercial hub of the enclave. A short drive towards Persiaran Surian will bring commuters to rows and rows of shop-offices hosting many restaurants, grocery shops, boutiques and banking facilities. Furthermore, many shopping centers such as Sunway Giza, Giant hypermarket, Carrefour, The Curve, Ikea, IPC and Tesco can all be accessed within short driving distances.

In terms of education, there are quite a number of establishments ranging from nurseries to higher educational institutions such as Segi College and KBU College – both of which are no more than 10-minute drive away. Schools such as SK Sek 9 Kota Damansara, Sri KDU and SMK Sek 10 Kota Damansara falls within a 1km radius. Moreover, for medical attention one could always drive towards Tropicana Medical Center which is right beside Segi College.

The enclave have easy access to a wide range of major highways, effectively interconnecting commuters to many other destinations. The most widely used highway would be LDP, followed by Penchala Link, NKVE, MRR2 and Sprint highway. There are a number of buses that travels to Section 9 few times a day as well, which can be hailed easily along Persiaran Surian.

 

Section 8

Section 8

Section 8 is a mix of residential and commercial area sited at Kota Damansara, Selangor Darul Ehsan. Section 8 houses a variety of leasehold properties which include terrace houses, bungalow units, condominiums, apartments, shop-offices as well as lands. Bungalow houses here typically consist of a land area of 10,200 sf and have 6 bedrooms and 6 bathrooms. Terrace units on the other hand have a land area of 2,040 sf with a built-up area of 1,670 sf and each unit typically consists of 4 bedrooms and 3 bathrooms.

There are some low to medium cost apartments and a condominium here (Kasturi Idaman) as well. The shop-offices have a built-up area of 900 sf. There are also bungalow lands that start from 8,457 sf. Residents of Section 8 can easily find amenities such as restaurants, cafes, mini market, clinics, convenience store, banks, saloons, workshops and even a maternity hospital within the vicinity of Section 8.

Apart from those amenities, residents can also head over to their neighboring residential area which is Section 7 where they can find more amenities like petrol kiosks and many more which are located along Persiaran Jalil. SMK Sek 10 Kota Damansara, SK Sek 9 Kota Damansara, SK Sek 11 Kota Damansara and SK Sungai Buloh S7 are just some of the schools that are positioned within a 1.5 km radius away from Section 8.

Jalan Sungai Buloh or Persiaran Jalil are some of the routes that one can use to locate Section 8. Alternatively, for those who travel via public transportation they can also find the Bandar Utama Express Bus Terminal which is sited about a 3.39 km away from Section 8. In a few years, the residents will enjoy getting connected via MRT and Putra LRT as there are stations being built located in Kota Damansara.

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5 Tips for Property Buyers Who Want to Make a Competitive Offer https://www.realestatemy.com/5-tips-for-property-buyers-who-want-to-make-a-competitive-offer/ https://www.realestatemy.com/5-tips-for-property-buyers-who-want-to-make-a-competitive-offer/#respond Sun, 28 Jan 2024 06:24:00 +0000 https://www.realestatemy.com/?p=4229   When diving into the competitive world of property buying, making an offer that stands out is key to securing your dream home. It’s not just about the amount you propose, but also about how you present and structure your offer. To navigate this process successfully, here are five essential tips for property buyers. These […]

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When diving into the competitive world of property buying, making an offer that stands out is key to securing your dream home. It’s not just about the amount you propose, but also about how you present and structure your offer. To navigate this process successfully, here are five essential tips for property buyers.

These strategies range from getting pre-approved for a mortgage and understanding the seller’s needs to being flexible with your terms and showing serious intent. Whether you’re a first-time buyer or a seasoned property investor, these tips are designed to give you an edge in a bustling market. By following these guidelines, you’ll be well-equipped to make an offer that’s not only competitive but also appealing to the seller, increasing your chances of a successful purchase.

The real estate market can be very competitive at times. With many buyers competing for a limited number of quality homes, it’s more important than ever to know the ins and outs of making a confident and competitive home offers. Here are five important tips for this important stage in the property buying process.

 

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How Property Buyers Can Make A Competitive Offer

  1. Listen to Your Real Estate Negotiator


    Don’t underestimate how emotional making an offer can be for buyers and why trusted real estate professionals can help you stay focused on the most important things. So remember to let your real estate agent guide you on your journey, not your own emotions. Their support and expertise will keep you from emotion decisions and future financial stability. Your real estate professional should be your primary source for answers to the questions when you’re ready to make an offer on the property.

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  2. Understand Your Finances & Commitments

    Having a complete understanding of your property buying budget and how much you can afford is essential. The best way to know this is to reach out to your bank to get pre-approved for a loan early in the property buying process. Only 34% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. It shows sellers and property agents that you are a serious, qualified buyer and can give you a competitive edge if you enter a bidding war over a property.


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  3. Be Ready to Make A Decision Quickly

    The average property being sold today is receiving more than three offers and is only on the market for a few weeks. This shows how important it is to stay agile and vigilant in your property search. As soon as you find the right property for your needs, be prepared to work with your property agent to submit an offer as quickly as possible.


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  4. Make a Realistic Offer

    It’s normal to want the best deal you can get on a home. However submitting an offer that’s too low can lead sellers to doubt how serious you are as a property buyer. Don’t submit an offer that will be rejected out as soon as it’s received. The expertise that your property agent brings to this part of the process will help you stay competitive in the market. Your property agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the location.


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  5. Be a Flexible Property Buyer

    After submitting your offer, the seller may accept it, reject it, or counter it with their own home price. In a competitive market, it’s important to stay flexible throughout the whole negotiation process. Your position can be strengthened with an offer that includes flexible move-in dates, a higher price, or minimal conditions you set that the seller must meet for the purchase to be finalised. There are, however, certain contingencies you don’t want to forego. For example:
    Resist the urge to waive the inspection contingency, especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.


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Conclusion

Today’s competitive market makes it more important than ever to make a strong offer on a property, and a trusted property expert can help you rise to the top along the journey.

In conclusion, making a competitive offer in the property market boils down to being well-prepared, informed, and strategic. From securing financial pre-approval and understanding the seller’s motivations to crafting a flexible, appealing offer, these tips are your toolkit for success. Remember, a competitive offer is more than just the price; it’s about demonstrating to the seller that you are the right buyer.

Stay informed about market trends, be ready to act swiftly, and always keep your communication clear and professional. By adhering to these principles, you’ll not only increase your chances of getting your offer accepted but also move one step closer to owning your dream home. In the dynamic world of real estate, being a well-informed and strategic buyer is your key to success.


Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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