What You Need To Know Before Buying A Property In Malaysia

What You Need to Know 1

Almost every Malaysian has aspirations of owning his own property here in his home country. Some dream of having a nice, cozy place that they can call home, whereas others are just looking for the best investment opportunity.

However, with the ever-rising prices, especially in areas like Penang Island and Kuala Lumpur, acquiring a property is no easy feat for those who have just started working. Indeed, it would be nearly impossible for fresh graduates who are on a basic salary.

The idea of choosing and purchasing a property may be daunting, and most become overwhelmed by the procedures and steps involved in the process. With that being said, here are some of the key things potential property owners should take note of before making any purchase.

Financing

Of course, the most crucial part of purchasing any property is paying it off. Unless you are wealthy enough to pay the full amount on the spot, you will most probably need to apply for a loan. Different banks have different terms for their housing and property loans, so it is extremely important to consult with a bank representative to have a clear understanding of the loan before agreeing to anything. Take every single detail such as monthly installment, repayment period and interest into careful consideration.

Once you have a clear understanding of the loan, it is advisable to come up with a sound budget plan that covers the entire duration of the mortgage. While most people are under the impression that you should approach a bank after you have a piece of property in mind, the other way around works actually better. It is wiser to check how much you are allowed to borrow before choosing a property.

What You Need to Know 2

Type of property

Understanding what type of property you intend to purchase is also of paramount importance. Depending on the type of property and its location, different banks might opt to finance it differently. This is especially true for property loans, as most banks are not that particular when it comes to home loans. It is also important to check if the property is a freehold or leasehold. For those who are unfamiliar with such terminology, freehold is when you have permanent and exclusive tenure of a particular property, whereas leasehold means that you only have a lease from the freeholder to use the property for a set amount of time. The standard lease is usually ninety-nine years, although that is not always the case.

What You Need to Know 3

Location

It does not matter if you are looking to purchase a property for personal use or for investment purposes, it is always a good idea to analyse and conduct sufficient research about the location. Any residential property should have easy accessibility to basic amenities and facilities. If you are looking at a commercial property, you would want to consider the daily flow of potential customers into the area, and see if the location is the right fit for your business. If you want to have maximum profit through property investment, then observing the appreciation and depreciation rates in that area should give you an estimation of how valuable the property might be in the future.

What You Need to Know 4

Negotiating

Malaysians are great at bargaining and they are always looking for the best deal. If you are purchasing a property, do not agree upon the first price offered to you. Try asking a better price. Your goal should be purchasing a property and pay less than its market price. Look at it this way: if the property you intend to buy costs RM400,000 on the market, and you have managed to acquire it for RM370,000, you have indirectly earned RM30,000 yet.

These are the few basic things that every potential property owner should know.

Nowadays, most developers start selling units even prior to completion, and usually at a lower price. Purchasing a property in its early phases can certainly save you a great amount of money. Nevertheless, there are downsides to purchasing a property before its official completion, as there will be certain risks that you need to take into account, one of the major ones being delays.

Unfortunately, that was exactly the case for Axis Crown Pandan. Initially developed by Zaj Properties, formerly known as RK Group Holdings Sdn. Bhd., the project only reached 90% completion due to various reasons. Three out of four phases were successfully handed over to the buyers. Most, if not all, units in these phases are currently occupied. Many buyers have also managed to almost double their initial investment, thanks to the healthy appreciation rate of the property.

Of course, the disappointment of the buyers who opted for the incomplete phase was understandable. At one point, Axis Crown was even one of the major topics of discussion on Lowyat, as many people took their opinions to the famous Malaysian forum.

Luckily, not all is lost. Convergent Solutions Sdn. Bhd. (CSSB)* has come to an agreement with Zaj Properties, the owner of RCSB, and has picked up the final incomplete Axis Crown project. Understanding the upset caused by the Axis Crown delay, CSSB hopes to restore the buyer’s and investor’s confidence. The management at CSSB has put in the effort to study the project and finish the remaining 10% of Axis Crown.

CSSB is an experienced company that has a clear understanding of the Malaysian property industry. Under the very capable leadership of General Manager Ms Yusni Khan, CSSB aims to successfully complete delayed, stalled or abandoned projects all over Malaysia. CSSB operates under the belief that projects that are currently abandoned or sick, such as the incomplete phase of Axis Crown Pandan can and should be revived.

CSSB is currently working hard on the Axis Crown Pandan’s completion date, and despite the initial disappointment, buyers and investors can look forward to owning a piece of prime property with appreciating value, once it is completed.

*About CSSB
Convergent Solutions Sdn Bhd (CSSB) is an experienced company in the property sector, currently led by Ms. Yusni Khan, who has more than twenty years of experience in this industry. The company aims to help purchasers and investors realise the value of their investment in property development projects. CSSB main goal is to successfully complete delayed projects all over the country by reaching out to affected buyers of more than 200 projects. CSSB resurrects the projects that are declared ‘abandoned’ to their fullest potential. With the support from stakeholders, CSSB believes that they would be able to deal with Axis Crown Pandan’s physical completion within a year’s time.

 

Sipping on Elixirs With A View of Kuala Lumpur

Visiting Malaysia? Then, you should see how impressive the food options are available here. You will be spoiled for choices that you would not be able to figure out what to have for breakfast, lunch and dinner. Let’s say you want to spice things up a little by experiencing dining and drinking luxuriously? Searching for a fine dining venue in the heart of Kuala Lumpur should not be a problem for anyone. Especially with the technology of Google, there are tons of top ranking venues available once you type in “fine dining Kuala Lumpur”. Other than fine dining at an elegant Italian restaurant in KL, you can kick back at a wine bar by sipping wine and spirits, or unwind your day in opulence at a grand cigar lounge.

If you need advise on luxury eateries to visit, check out the 3 renowned locations we strongly recommend.

 

Marini’s on 57

Head down to KLCC, as Marini’s on 57 is the place to be when you happen to be at the center of KL. Popularly known to be the highest rooftop restaurant in KL, Marini’s on 57 selection of fine Italian cuisine simply does not let you down. Expect top notch service while you enjoy the scenic views of the Kuala Lumpur city. From hundreds of spectacular bar in KL that you can find, Marini’s on 57 simply sits right at the top of the list. Ladies can enjoy highly sought after offer on cocktails during W Night, on every Wednesday nights. After having a delightful Italian meal, seize a drink or two at the whisky bar KL and dance away by the DJ’s deck with catchy tunes before you call it a night.

Cantaloupe at Troika Sky Dining

Standing tall in Troika, Cantaloupe is a fine dining restaurant in KL that offers simply the finest of food with a lovely view. The multi-concept dining experience goes with a fine dining Kuala Lumpur of modern European cuisine available in its menu.From small to big groups, Cantaloupe has fantastic space for everyone. If you plan to set up a special event at the premise, be sure to call in and make your bookings earlier to avoid any let-down.

 

Marble 8

This steakhouse is no stranger for meat advocates. In Marble 8, slabs of meat are dry-aged perfectly up to 21 to 40 days in the restaurant itself. Be captivated by the ambitious selection of steak dishes you can find on their steak house menu. some of the more popular cuts are the Tenderloin on the bone and rib-eye steaks. When you are not up for feasting on meat at the venue, make your way to Marble 8’s separate bar in KL, M8, where you can clink glasses vodka cocktails in the romantic garden site that is perfect for a breezy evening.

Dining and drinking in Kuala Lumpur bar is not all about just luxury. You can bring it a step down for a care-free environment at Changkat for instance. Some choose to drink cheaply, so begin with KL bar hopping on Changkat street and then concluding your night in Zouk Club, KL’s most sought-after club.

Look out for more places to dine in with Time Out’s amazing recommendations.

Vacationing in Kuala Lumpur

I believe Kuala Lumpur, Malaysia’s most well-known city, is an essential stop in a lot of people’s itinerary when it comes to Southeast Asia. Although famous for its skyline, cultural food, the city generally is a tricky place to get around. Based on my prior experience with KL, selecting the right spot to lodge is important. It does not matter if you’re here regarding business, enjoyment or even a special celebration such as a wedding ceremony or honeymoon, an ideally situated hotel in Kuala Lumpur must be chosen!

You do not have to worry about the latter as there is always a perfectly accommodated design and style for each and every person. This is because of the strong market that it has. But, a quality hotel must always be chosen as it can provide you a much more secure lodging as well as a genuine care of your comfort. Not just looking for accommodation? Then other services can be found either within the hotel you choose or the city itself. Frankly speaking, wedding ceremonies, meeting room in KL should be no problem!

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There are several excellent hotel in Kuala Lumpur. Including all the well-known players like Intercontinental, Hilton, Intermark and Marriott can be found within the city centre. KL is a lot like most major cities in Asian countries (with the exception of Singapore which is an island of tranquillity sitting off at the base of Malaysia), it can be busy and has dreadful traffic at times. Nevertheless, KL city centre features cheap and convenient AC ladened monorail and train services which enables you to you get out and about.

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The KL international hotel scene has the same titles you’d find in Europe and almost all are located in the city centre, but there are quite a few places particularly you really should look to lodge in. For instance a hotel in ampang offers you a centralised spot in the place with in close proximity access to the LRT/Monorail services as well as KLCC and Pavilion. So, select wisely and enjoy your stay!

Kuala Lumpur includes a variety of attractions, interesting locations and things you can do. For more information that can help your to do list in the city, go to http://www.visitkl.gov.my/visitklv2/

3 best places to relax or party your weekend away in KL

Life in the big and dazzling city of Kuala Lumpur can be hectic. With the fast paced lifestyle of the people in KL, the hustle and bustle of the city can really get to you. At the end of a long and tiring week at work, some people just want somewhere they can kick back, relax and have some fun with a couple of friends. Of course, there are also some who prefer to go wild, let loose and party their woes away. Either way, if you’re looking to have a good time this Friday night, here are some nightclubs in KL you should consider checking out:

Luna Bar

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Located on the 34th floor of the Pacific Regency Suites, the Luna Bar is a two-storey nightclub that offers a fantastic panoramic view of the Petronas Twin Towers. In addition to the breathtaking scenery from the rooftop of the Luna Bar, the open air bar with a swimming pool, as well as the top deck that doubles as a trendy restaurant, simply oozes class and sophistication. There isn’t an overzealous theme when it comes to the design of this nightclub, the Luna Bar consists of simple furniture with a clean look that blends in well with the surrounding. Sometimes, less is more, and the Luna Bar certainly manages to pull off the “less is more” design well.

Along with the ambient music playing lightly in the background, the Luna Bar provides its patrons with the perfect environment for a casual discussion or conversation. If you’re feeling a bit peckish, the restaurant menu has a number of delicacies you can choose from. Thirsty? The bartender will be more than happy to serve you some of Luna Bar’s signature cocktails and spirits.

Marble 8

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Marble 8 is situated right in the heart of KL city, right beside the KLCC park. Similarly to the Luna Bar, Marble 8 is also a bar in KL that offers a stellar view of the iconic Petronas Twin Towers, but from a different angle. M8’s al fresco bar goes for a different approach in terms of design, as M8 goes for a more modernistic and hip design. The breezy, outdoor lounge puts patrons in a comfortable and cozy surrounding. Come to the M8 bar with your date at just the right time and you will be able to catch a stunningly romantic view of sunset. Check out the videos of M8 Bar at their Facebookpage.

One of the unique points about M8 is their music. You might find different genres of music on play depending on the time and day you choose to visit the M8 bar. The bar features house, nu disco, R&B and electro music as well. The music in M8 changes accordingly with the day, so this keeps the atmosphere just right throughout the entire week. Regardless if you’re just looking to have a drink with your colleagues or looking to party, M8 can have the right environment for you. If you’re feeling adventurous, M8 bar has a wide variety of cocktails and drinks that are concocted and served by professional mixologists. Check out their website to find out more!

Marini’s 57

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Marini’s 57 is one of the most unique KL bars you will find. As the name suggests, this bar is perched right on the 57th floor of the Petronas Tower 3. Being Malaysia’s highest rooftop bar, Marini’s 57 offers patrons an unparalleled 360 degree panoramic view of the beautiful city of Kuala Lumpur.

One of the most special things about Marini’s 57 is that it houses one of the most impressive whisky bars and cigar lounges around. Elegantly adorned with leather and velvet, the Italian-styled lounge gives off a very classy vibe, and is the perfect choice for those who are looking to have a nice chat in a composed and pleasant atmosphere.

The bar at Marini’s 57, with its futuristic design concept, truly is a sight to behold. With floor to ceiling glass windows, the bar here gives you an open and full view of the city. Take your time while looking through the carefully curated list of spirits, wines and drinks in the bar menu, then lean back, relax and enjoy your drink as you admire one of the most remarkable vistas the place has to offer.

These three are only some of the many nightclubs and bars that KL has to offer. However, if you’re looking to have a great time in general, you can’t go wrong with these three places. Check out these spots the next time you’re going for drinks or partying with your friends or colleagues and you’ll be sure to have a memorable night out!

What do you think of these three suggestions? Or do you know of any other impressive nightclubs and bars in KL that we should know about? Drop a comment and let us know!

 

Different dining decisions

Can’t decide what to eat when you’re done with work? Having problems with choosing a special venue for a special occasion? Then you have found the right article to help you! The restaurants in this article are meant for dinners. Because during working hours you won’t be allowed to have a fancy meal, especially in KL as the choice for it will be narrowed to the nearby restaurants. The kuala lumpur restaurants where you can enjoy some of the best dining in kl. This article will help you choose the right location for your fine dining in kl. And besides, the dinner has to be something to complement your long workday, right?

Dining in the dark

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Dining in the dark? Yes, dining in the dark. A great opportunity to test your tastebuds as you can’t see what you will be eating. Normally you eat by using your three senses, namely tasting, looking and smelling, but without your sight, are you still able to guess what kind of food it is?

The concept of this restaurant is a very unique concept whereas you can’t use your sight, you will be needed to trust on your other senses and a little bit of imagination. You won’t even find the menu on their website, so you will really be surprised by what you are going to experience there. Definitely a once in a lifetime experience, especially in Kuala Lumpur.

Ishin Japanese Dining

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Although the Japanese cuisine is really growing in a lot of countries, it is recommended to try some authentic Japanese cuisine to experience the ‘real’ authentic feeling. In this restaurant they make use of a special storage with a temperature of 60 degrees below zero. You will notice that the food will be different than your local Japanese restaurant, so the products will keep their freshness and quality.

Din Tai Fung

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Always fancied to eat at a restaurant with at least one Michelin Star? Then you should definitely try Din Tai Fung! The Taiwanese restaurant had won and had been nominated for various prizes and is famous of its ‘xiao long bao’ which are mini buns with a filling. Besides the buns, they have a big variety of other Taiwanese food such as noodles, side dishes with your rice and steamed dumplings of course.

Although the experience in Kuala Lumpur will be a bit different than their first restaurant in Hong Kong, the experience itself won’t be something you will regret. The interior looks very authentic with old chinese teapots in the one in Subang Jaya and there are five other restaurants located in Kuala Lumpur.

El Cerdo

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Preferring something more western instead of asian cuisine? Then you should definitely try El Cerdo! They have different kinds of dishes such as appetisers, tapas, paella, pastas and also their house special ribs. They also have a lot of promotions, so I would suggest to have a look on their page to see what kind of promotions they have.

Do you have any other recommendations? Share it with us!

Best Restaurants and Bars in KL

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When you live in a cultural melting pot like KL, it’s not always easy to find the best KL restaurant or bar. This article will help you to find a variety of bar and restaurants that will make you enjoy much more your life in this city.  

Marini’s on 57 Italian Restaurant & Bar

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Marini’s on 57 is the famous Italian KL restaurant that guarantees a luxurious atmosphere and offers an exquisite variety of Italian cuisine. Marini’s prepare all food items from scratch. All of their dishes are prepared with seasonal ingredients that are collected from all over the world. Marini’s uses traditional ingredients and preparation to keep the old Italian charm. If you are a vegetarian, you will easily find your happiness as they prepare special menus for you!

Marini’s is one of the best KL bar in Malaysia. You’ll find find cocktails you’ve never even dreamed about. There is one more thing that makes this bar unique: their cocktails’ exclusive creation. Visit Travelicious.com for more information and reviews of this restaurant.

Address: Level 57, Menara 3 Petronas, Persiaran KLCC, 50088 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.

Malay Restaurant:  Bijan Bar & Restaurant

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You are fond of Malay food or you want to discover it, then you should try Bijan. They selected the best of Malay cuisine for their menus. This fancy and classy restaurant has been named the Best Malay Restaurant by Tourism Malaysia, and Best Malay Food by Time Out KL. It guaranties a romantic, rustic and cozy atmosphere. On top of that, the restaurant is largely affordable. From spicy to vegetable food, Bijan restaurant offers a large choice of food. There is something for everyone’s taste!

Address: No 3 Jalan Ceylon 50200, Kuala Lumpur

Din Tai Fung’s Chinese Restaurant

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If you like Chinese food and didn’t try this restaurant in Japan, the United States, South Korea, Singapore, China, Honk Kong, Indonesia, Australia or in Thailand, then it’s time to give it a try in Malaysia!

The Din Tai Fung restaurant is located in one of the best mall in KL, so you can go shopping after or before your dinner. Sometimes this restaurant welcomes member of business and political elites and international celebrities.

At Din Tai Fung restaurant, you’ll find the top of the most famous Chinese cuisine from entry to dessert. During events, there are promotions in the restaurant.

Tip: If you pay with the HSBC card, you will receive RM10 cash voucher with minimum spending of RM100 in a single receipt.

Address: Pavilion, 168, Jalan Bukit Bintang, Bukit Bintang, 55100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Kinme Sashimi & Bar

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Kinme Sashimi & Grill Bar will provide you with a highly pleasurable dining experience. The restaurant combines elegance and coziness and provides you a variety of Japanese food like sushi, seafood and barbecue. You can also enjoy cocktails here and it’s definitely a place to be for Japanese food addicts!

Address: 67, Jalan Medan Setia 1, Damansara Heights, Kuala Lumpur. Beside Canton Fare.

What do you think of these restaurants/bar? Don’t forget to give us your opinion!

The Best Nightlife Venues in Kuala Lumpur

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Kuala Lumpur is a metropolis and the nightlife has a lot to offer, from clubs and bars to live music and DJ gigs. When the day slowly turns into the night, people will start looking for places to relax, enjoy the night with a drink or maybe even dance at one of the exciting nightlife places the city is rich of. Each venue has its own charms and ambiance but the places listed here below are worth the visit.

M8 Bar
There is no better Kuala Lumpur bar where you can enjoy the iconic view from the Petronas Twin Towers as M8 Bar. Seated in the heart of Kuala Lumpur, it’s the ideal place to hang out with colleagues after a hard day’s work. What about bringing your date to this fancy venue? Impress her with your excellent taste and enjoy the night together while sipping a traditional cuban mojito cocktail. This spot is extremely romantic when the sunset turns the day into night. Or dance the hours away in the weekends since the venue offers the ideal clubbing experience during the weekends. Check out video’s from M8 Bar at their Facebookpage.

kuala lumpur bar Luna Bar
Luna sky bar is located on the 34th floor of Pacific Regency Suites, which really is in the city center. The place offers a panoramic 360° view of the impressive Kuala Lumpur skyline. Next to a lounge where you can sit back and relax, the venue has a restaurant that has delicious dishes and a view that overlooks the trendy swimming pool.
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Club Zouk
The biggest and most famous nightclub in the city is definitely Zouk club. Already around since 2004, the nightclub constantly tries to improve their venue. After recent construction work, the place now holds up to 11 indoor rooms, which all offer their own specific music and ambiance. If you want to dance, Zouk club is the place to be.
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Havana Bar
With its distinctive Latin American ambiance, Havana stands out from the other venues in the popular night area Changkat. The vibe is relaxed and laidback, making it one of the most popular places for expatriates. No wonder that it’s almost always packed with people at Havana.
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Heli Lounge Bar
This venue is unique in its own way since the lounge is literally a helipad that has been turned into a nightlife hotspot. The most amazing thing about this place is that there are no fences that obstruct the view. If you just want to relax and chit chat with some friends while enjoying the impressive skyline of KL, Helipad is the place.
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Kuala Lumpur is rich of nightlife venues divided all over the city. Finding the best bar in KL is a matter of personal taste. Nevertheless all the places here above are worth the visit so check them out and let us know your thoughts!

 

Find your hotel in Kuala Lumpur

 

Are you planning to stay in Malaysia for your holidays and are you looking for a hotel room in Kuala Lumpur? Then we suggest you book an InterContinental hotel room that is located in the heart of Kuala Lumpur city. It’s the ideal place in Malaysia for business and tourists.

Experience luxury rooms and suites surrounded by the dynamic city of Kuala Lumpur. The hotel is located near to the famous Petronas Towers, the 50-acre tropical KLCC park, Petrosains Centre, the Avenue K shopping mall, KLCC Mall and the world class aquarium: Aquaria KLCC.

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The hotel is near Bukit Bintang where you will find a variety of shopping centres, al-fresco cafés, swanky bars, hawker-type eateries, night markets and entertainment district. Indeed, Bukit Bintang is easily accessible, you will find going about effortlessly with the convenience of public transportation offered with Light Rail Transit (LRT), buses and taxis.

The hotel itself is equipped with several types of rooms and for those who want more place, there are plenty of suites available.

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If you are planning to come with someone, the Deluxe Room is recommended for you. It’s equipped with two twin beds that may be joined together to form a king sized bed. The room features large windows draped with a chic curtain to enhance your room.

It offers large working space, abundant of tea and coffee at your disposal that will enable you to work with ease. You will find a 42” LCD TV flat screen in the room for entertainment attached with a separate rain shower and bath.

The difference between the Premier Room and the Deluxe Room is that in the Premier Room, there is high speed internet access. And who can resist the coziness of the Grand Premier Room? With carefully chosen colors, the room conveys a comfortable and peaceful atmosphere. This type of room fits perfectly for a big party of travelers. It has even more characteristics that other rooms have! The room has an elegant glass work desk while additional equipment such as the sleek adjustable 40-inch flat screen Samsung LED TV, DVD player and the iPod docking station while satisfy any audio and visual needs.

Located at Level 26, the Club InterContinental Room will spoil you with exclusivities such as 4pm late check out, buffet breakfast, complimentary internet, evening cocktails,, 20% off business centre services and 25% off all laundry services.

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The hotel’s 9 types of suites offers luxurious decor as the InterContinental has housed many head of countries and royalties. The suites are mainly equipped with a dining room that can sit 11 people, a Jacuzzi and separate shower, a well equipped kitchen, a butler service and other amenities that will make you feel much at home!

Don’t forget to give us your opinion!