CIMB Bank expect 30% to 50% of its new mortgage loans this year to come through Islamic finance, CIMB Bank’s head of retail banking, Peter England said at 11th Feb’2009.

With the launch of its new Flexi Home financing-I Scheme, which covered both Islamic and conventional financing, the CIMB bank was expecting a significant growth in the mortgage loans segment in year 2009. Flexi Home financing-I Scheme is referring to adjust rate bank mortgage loan (ARM). Some of the party call as floating rate bank mortgage loan.

With the strengthening on CIMB Bank in terms of distribution, CIMB Bank are the fastest growth mortgage business in Malaysia and think of make a significant impact in the rollout of this product. Read more »

While waiting for property market to pick up in property development, Mulpha International Bhd will forge ahead with plans to develop its property projects in anticipation of better demand once the economy and in turn the property market picks up again.

Executive chairman Lee Seng Huang said the group would focus on its Leisure Farm Resort in Iskandar Malaysia, Johor as well as its high-end boutique property development in Bangsar and an office tower in Jalan Sultan Ismail, both in Kuala Lumpur, to enhance its property portfolio.

Mulpha International Bhd is very confident of the quality of their unique property developments and has a strong balance sheet to ride out this storm. However, they remain conscious of capital expenditure and are tailoring the property project timing according to the rapidly changing property market. environment.

Lee said there were a further 600acres to be developed at the RM2.1bil Leisure Form Resorts – a gated resort property development that covers about 1765 acres surrounded by rivers, orchards, parks and a mangrove swamp. Read more »

Knowing property investment each asset is unique and has different risk-return profile. Capital growth or rental return should be referrer in property investment? When discussing property investment there are two somewhat conflicting philosophies. Some suggest you should invest in property for high rental return while others feel you should invest for capital growth (the increase in value of the property).

We would all like to buy property that have both great capital growth and a high rental yield. Fortunately this is currently what is being experienced in the North East of England at this present time, Asia country like Hong Kong, Taiwan, Korea and Malaysia.

Many new and experienced investors invest purely based on rental yield (the rental income generated over a year expressed as a percentage of the purchase price of the property). In general strong capital growth usually goes hand in hand with a lower rental yield. Read more »

Property investment guidelines telling first time home buyer the correct procedure and effective home buying process. Here provide important home buying tips for first time home buyer.

Ensure the type of housing
The expected date of completion for landed properties such as bungalows, semi-detached houses and terrace houses is 24 months from the date of signing of the Sales & Purchase Agreement (SPA)

Subdivided buildings such as condominiums, apartments, flats and townhouses, the expected date of completion from the date of signing of the SPA is 36 months.

First time home buyer are advised to obtain complimentary brochures from housing developers, which states all necessary information such as the developers’ license number, advertisement and permit.

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