Klang Valley Residential Outlook for 2013 - Property Outlook Conference 2013

Klang Valley has always been the hot investment area and topic for Malaysian today. Yet, a number of experts forecast that Malaysia Property Outlook in 2013, the residential market will be slowed down, instead of rising up to another 20-30% more from its original price.

12th-13th January, 2013, Wealth Mastery Academy will be bringing Mr Siva Shanker; CEO of Agency PPC International Sdn. Bhd and also deputy president of MIEA to Property Outlook Conference 2013. The session will take a look at what exactly is the definition Klang Valley comprises of and some critical data on the Klang Valley. He will be sharing the residential outlook at Klang Valley on the stage with 1000 more audiences. 

Mr. Siva Shanker is a Registered Estate Agent with the Board of Valuers, Appraisers & Estate Agents Malaysia. He has more than 25 years of experience in the property industry, having worked in both large international property consultancies as well as small local outfits. He started his career in 1982 with Gupta & Co, working as a Valuation Assistant. The 5 years he spent in valuations have given him an in depth grasp of the technical aspects of the industry. Siva then moved on to do agency work with Knight Frank Baillieu. In 1995, Siva accepted a role as Agency Manager with Azmi & Co. After several senior roles in Jones Lang Wootton and PPC International, Siva formed his own Real Estate firm, Linear Estates. Linear Estates was in operations from 2004 to 2010.

Siva has been an active member of MIEA and has always been supportive of the Institute. He served as Councillor for 2 years under the leadership of President Soma Sundram. He was the Convention Chairman for MAREC 08. In fact, he was the one who first coined the term “MAREC”, which has now become a strong brand name for the Annual Convention. Siva is currently the Deputy President of the Malaysian Institute of Estate Agents and has been instrumental in some of its high achievement in the last 2 years. Some of his greatest achievements in MIEA include being Convention Chairman for a record second time for MAREC 2011 and also being the Awards Chairman for the MIEA for the National Real Estate Awards consecutively for the years 2011 and 2012. 

His topic at Property Outlook Conference 2013 will be: Klang Valley Residential Outlook for 2013

Do not miss the opportunity to meet the right people in your life and all the benefits you can get from the event. For more information, please visit http://propertyoutlookconference.com/ to book your ticket to your way of financial freedom. Or visit http://wealthmasteryacademy.com/ .

Potential Property Investment Outside Klang Valley - Property Outlook Conference 2013

Property investment is about securing best possible return on investment in terms of capital appreciation and rental yield with lowest possible risk and capital outlay. Most people assumes investing on properties surrounding Kuala Lumpur City Centre (KLCC) twin tower is most ideal but is it true ? Property prices in Klang Valley has almost hit its’ high point presently. Is it still the right time to invest within Klang Valley ? What are the possible alternatives outside Klang Valley ? With the same investment dollar (ringgit), explore some options presented by Andaman Group. 

Property investors need to think out of the box. Explore outside the Klang Valley for possible attractive strong capital appreciation compared to Klang Valley properties. In Property Outlook Conference 2013 organize by Wealth Mastery Academy, Dato Dr. Vincent Tiew will be invited to come over and share with audience what are the remaining better options to invest in outside Klang Valley. The objective of the talk is to enlighten and share examples of various projects under Andaman Group. The idea of smart property investment is profiting and make money upon purchase and not necessarily only upon sale. Reasonable purchase price per square foot makes a difference. Never buy overpriced properties and always set your mind clear the reason of the purchase or investment!

Dato Dr. Vincent Tiew, holds a Doctorate of Philosophy in Project Management and an Masters of Business Administration majoring in Marketing, Human Resources and Total Quality Management. In Year 2011 he was appointed Adjunct Professorship by Wisconsin International University, United States. In Year 2011, he was humbly conferred Darjah ‘Dato Setia Diraja Kedah’ by the The Royal Highness of Sultan Kedah Tuanku Abdul Halim Shah (present King of Malaysia, 14th King of Malaysia) and in Year 2010 he was conferred Doctor in Humanity, Social Service by Bethel Faith University. 

Presently the Sales and Marketing Director of Andaman Group of Companies, he is a regular speaker in many platform for property shows/ conferences. Within the short span of 4 years in Andaman Group, he and his team spearheaded outstanding achievement of Gross Property Development Value exceeding RM 2 billion. 

His topic in Property Outlook Conference 2013 will be: Potential Property Investment Outside Klang Valley

Do not miss the opportunity to meet the right people in your life and all the benefits you can get from the event. For more information, please visit http://propertyoutlookconference.com/ to book your ticket to your way of financial freedom. Or visit http://wealthmasteryacademy.com/ .

Malaysia Budget 2013: My First Home Scheme – Skim Rumah Pertamaku (SRP)

Skim Rumah Pertamaku (SRP) – My First Home Scheme was first announced in the 2011 Budget by the Malaysian Government to assist young adults who have just joined the workforce, earning RM3,000 per month or less to own  their first home.

The Scheme allows young adults to obtain 100% financing from financial institutions, enabling them to own their 1^st home without the need to pay a 10% downpayment. This is in line with the Government’s aspirations of increasing home ownership amongst the “rakyat”.

Key Features and Benefits – First Home purchase  (Subject to affordability)

• Up to 100%  financing
• Residential property only

Qualifying Criteria

Eligible Borrowers:

• Malaysian citizen
• First time home-buyer
• Individuals up to age 35 years
• Single borrower gross income not exceeding RM3,000/month and joint borrowers gross income not exceeding RM6,000/month (gross maximum income of RM3,000/month per borrower)
• Budget 2013: 50% stamp duty exemption on sale and purchase agreements and loan agreements for purchase of the first residential property of up to RM400,000 (increased from RM350,000), be extended to 31 Dec 2014.

• Individual borrower's gross income is not more than RM5, 000 per month in gross income borrowers together not more than RM10, 000 per month (based on the maximum monthly gross income of not more than RM5, 000 per borrower)

  Repayment of financing commitment amount shall not exceed 60% of monthly net income or a maximum funding limit banks involved, whichever is lower

Eligible Properties:

• Residential properties located in Malaysia
• Minimum property value of RM100,000
• Maximum property value of RM400,000
• Owner occupied  (buyers are required to reside in the property)

Financing Requirements:

• Financing tenure not exceeding 40 years, subject to borrower’s age not exceeding 65 years at the end of financing tenure
• Amortising facility only (no redrawable features)
• Installments payable via monthly salary deduction or standing instruction
• Savings record (3 months installment liquidity reserve)
• Compulsory Fire insurance/takaful

Sources:

1. http://www.srp.com.my/index.html  (Skim Rumah Pertamaku)

2. http://www.bnm.gov.my/files/2012/bs13.pdf  (Malaysia Budget 2013 report download)

For first time home buyer who are willing to learn more on how they can identify good property deal and

buy at the cheaper price, kindly visit http://propertyoutlookconference.com/ or visit official company: http://wealthmasteryacademy.com/