Penang Real Estate | Penang Property | Penang Properties: Balik Pulau Land For Rent (L8)

Big Land, Small Budget. 35,000 square feet for only RM3,000 per month. Along main road of Jalan Sungai Rusa, Balik Pulau, Penang. Going, going, gone! Act now before you miss the boat!

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Balik Pulau Land For Rent (L8)

Penang Real Estate | Penang Property | Penang Properties: Taman Nyaman Indah 2 Storey Terrace For Rent (2T9)

Taman Nyaman Indah Phase 3, Double Storey Terrace For Rent. Balik Pulau, Penang.

Brand new and near all amenities. RM820 per month.

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Taman Nyaman Indah 2 Storey Terrace For Rent (2T9)

Penang Real Estate | Penang Property | Penang Properties: Suria Vista Townhouse For Quick Sale (TH5)

Suria Vista Townhouse for sale @ RM550,000. Paya Terubong, Penang. Brand New.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Suria Vista Townhouse For Quick Sale (TH5)

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condo Urgently Wanted

Attention: Owner of The Light Linear Condo, Gelugor, Penang.

We have ready buyer looking for The Light Linear Condo, so if you are keen to sell, kindly contact us asap. Lower floor is ok as long as the price is right. Thanks

Penang Real Estate | Penang Property | Penang Properties: The Light Linear Condo Urgently Wanted

Penang Real Estate | Penang Property | Penang Properties: 2 Rooms Flat near Jalan Tengah, Bayan Baru Wanted

2 rooms flat near Jalan Tengah, Bayan Baru, Penang Wanted Urgently by a family. Pls contact us asap if you do have something like this for rent. Thanks

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: 2 Rooms Flat near Jalan Tengah, Bayan Baru Wanted

Penang Real Estate | Penang Property | Penang Properties: Prewar Houses in Unesco World Heritage Site Wanted

Attention: Owner of Prewar Houses, Unesco World Heritage Site, Georgewotn, Penang,

We have buyers looking for Prewar Houses at Unesco World Heritage Site, Georgetown, thus if you are serious in selling your property there, kindly contact us now.

For more inormation, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Prewar Houses in Unesco World Heritage Site Wanted

Penang Real Estate | Penang Property | Penang Properties: Vistaria Condo For Sale or Rent (C51)

Act now before you regret! Vistaria Condo at Sungai Ara for quick sale. Renovated @ below RM500psf. Going, going, gone!

For more information, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Vistaria Condo For Sale or Rent (C51)

Penang Real Estate | Penang Property | Penang Properties: D'Residence 3 Storey Superlink For Rent (3T8)

D'Residence, Bayan Mutiara, luxury superlink for rent. Guard & gated. Prime location, near to Queensbay Mall. Renovated & furnished at only RM3,300 per month.

For more informaiton, kindly click the following link:-

Penang Real Estate | Penang Property | Penang Properties: D'Residence 3 Storey Superlink For Rent (3T8)

Demographics influence properties

WHERE one works may not say a lot about us, but where one hangs out will. Which takes us to the next level. Does demographics have an influence over how office buildings are planned and designed?

Property consultant YY Lau, the principal of YY Property Solutions, says the Klang Valley's changing office environment says a lot about our lifestyle and how we like to spend our time.

Let's take public transport versus private cars. Because of the poor public transportation system, most of us drive to work. So the availability of office parking is an issue.

Consider KL Sentral. That is supposed to be a transportation hub, but how often do people going there opt for public transport? Chances are, one will take the car.

So when a company chooses a location, several factors come under consideration.

“Branding, perception, budget and talent retention are important issues they have to consider,” she says.

After years of helping her clients to find their dream office space, she has learned a few things about demographics and what people want.

“The Gen-Y (those born in the 1980s and 1990s) group likes to go into prestigious offices. The older workers, the baby-boomers (1946-1955) and Gen-X (1965 and 1980) consider day-to-day issues like ease of parking, picking up the children, the cost of food around their office, the cost of commuting and the time taken.”

Lau says it is common for a job offer to be rejected or accepted based on what's around and available in the office premises, or what the office looks like.

Gen-Y's preferences for prestigious glass and steel buildings may also be an indication of where they like to hang out during and after office hours. Today, the imported coffee culture Starbucks and Coffee Bean is within the office premises, having found their way from the shopping malls to the work place.

Lau says the shortage of car parking facilities is another long-standing issue across the demographics.

A lot of young people drive. Lau says every 500 sq ft of office space is provided with one car parking bay. Sometimes, it could have one car parking bay for every 1,000 sq ft. Three to five people can occupy a 500 sq ft office. “So if your office is located near a mall, that helps,” she says.

Depending on the sector, a company may not need as much space as before. With the convenience of technology, a lot of Gen-X and Gen-Y carry that technology around today.

“If you have 20 staff members, you need 20 seats. But for consultancy work, a number of the staff may not be in the office during any part of the working day. But there is this Asian mentality they like to have ownership of a place. But we have seen how people in other countries work everybody has a trolley. And you log in.

“Some work from home. From the company's point of view, they will save in terms of phone calls and the staff will be happier but it cannot be a habit.

“The issue about not going into the office is, after a while, you lose touch and no longer feel connected. These are the issues that need to be worked out between employers and employees,” she says.

Quite a number of office blocks today also come with gym and sports facilities. Some have a pool. These are amenities enjoyed by the working community in that area and help to reduce road congestion as they do not need to drive to the gym.

Lau says the provision of a child care centre has been talked about for a while. Today, there are a few offices which provide this facility.

“The year 2012 was a dragon year which naturally saw a baby boom. Working mothers are having a hard time getting help to look after their babies. Hence, the trend today among building owners is to have a child-care centre within their premises which they outsourced to an operator,” says Lau, adding that from her conversation with employers, their preferences and need for a work-home balance have result in them giving up a lucrative job offer.

MGPA (Malaysia) Sdn Bhd general manager Patrick Liau says people want conveniences irrespective of demographics. Liau manages The Intermark, a mixed integrated development located at the intersection between Jalan Ampang and Jalan Tun Razak in downtown Kuala Lumpur.

The development is anchored by a hotel, a mall and two office blocks offering more than 1.3mil sq ft of office space. There are six retail floors of about 200,000 sq ft with a carefully selected mix of tenant to provide conveniences and services to the working and visiting community.

Jaya Groccer will provide added conveniences and the lower concourse and concourse floors provide the services. The space and how it is used, says Lau, has been carefully planned and thought out.

It's a story about transformation, not only of this place, but how an integrated development, with the office component, should work, he says.

Liau says the office floor space can be as large as 23,500 sq ft, and without columns, big enough to accommodate more than 200 people on one floor.

Studies done have shown that productivity increases when the different departments that need to work each other are located on one floor, he says. Time may be lost taking the stairs or in lifts.

Within the building, excluding external factors like location, Liau says tenants today look for three things air conditioners that work, clean toilets and well-maintained escalators and lifts.

He says the lifts at The Intermark travel at 7 metres per second, one of the fastest in Kuala Lumpur.

“You need this, when you are travelling 62 storeys,” he says. - The Star

How to choose a home loan

TO the common folk, choosing a home loan is almost as hard as choosing the property itself. If you’re currently in the midst of shopping for a home loan to buy your dream house, here are six things you should consider before making what could arguably be the biggest financial decision of your life.

1) Type of home loan

First and foremost, consider what works best for you: a traditional term loan or a flexible home loan (flexi-loan). A traditional term loan requires you to pay a fixed amount each month for the entire tenure of your home loan (eg. 30 years), while a flexi-loan gives you the option of reducing your interest whenever you wish (i.e. by saving your extra money into a linked current account. The more you save, the less interest you pay).

If you have a strict and predictable cash-flow pattern, a traditional term loan may be best. If you prefer flexibility in paying off your loan, a flexi-loan is recommended.

2) Interest rate

As with all loans, your priority should probably be to go to the bank that offers you the lowest interest rate. Let’s consider a home loan of RM500,000, over a period of 30 years. The difference in interest payment between an interest rate of 4.2% and 4.15% (i.e. a mere 0.05%) could be well over RM5,000! 3) Margin of financing (how much you can borrow)

Depending on various factors which include the value of the property as well as your standing with the bank, different banks may offer you different margins of financing. As you will be required to pay any amount not covered by the home loan upfront, this becomes very important, especially if you’re short on cash.

Let’s consider a house that costs RM500,000. You will need to pay RM100,000 upfront if your margin of financing is 80%, but you will only need to pay RM50,000 upfront if your margin of financing is 90%. 4) Lock-in period

Lock-in period is the period you will incur a penalty if you choose to pay off your home loan in full before it reaches the end of its tenure. Usually, the penalty is between 2% and 3% of the principle loan amount. When it comes to choosing a home loan, it pays to have a lock-in period that is as short as possible with a penalty that is as low as possible. Also, some banks do not charge a penalty at all if sufficient notice is given. 5) Fees & charges

A home loan application involves professional and government-regulated processes. This includes preparation and disbursement of loan agreement, payment of stamp duty and processing by the bank, just to name a few. All these processes usually come with fees and charges that will be borne by you, the buyer.

In certain cases, it may also be wholly, or partly ,borne by the banks as part of your loan package. Hence, it is best to sit down with the loan officers (with all the banks you are considering taking your home loan from) and get them to run through with you the fees and charges that will be incurred. The task may be repetitive and time-consuming, but it will be time well spent.

6) The bank

Lastly, understand that you’ll be dealing with the bank on a frequent basis for as long as your home loan is in effect (which may be 20 to 30 years). With that in mind, you should probably choose a bank you are comfortable with. Some of the things you may wish to think about include:

·Do you have an existing savings or current account with the bank (for ease of inter-account transfer)?

·Are you satisfied with their standard of service?

·Is a local branch available near your home or office?

·Do you consider the bank to be trustworthy and reliable?

·Does the bank offer value-added services that will make your life easier for the long haul?

·How is the bank’s reputation as a whole?

·Does the bank provide online banking facilities? This will allow you to pay your instalments easily.

·Is your loan officer approachable? Can you call him when you have a question?

Bearing all these in mind, good luck in finding your next home loan. nThis article is provided by www.iMoney.my which compares various loans, savings and insurance schemes available in Malaysia. - The Star