Wednesday, July 24, 2013
Wednesday, July 17, 2013
Tuesday, July 16, 2013
It doesn't matter whether it's a buyer's market or a seller's market; there is one thing that is common among all homebuyers and that is - they don't want to get ripped off. And while thoughts of white fences and granite countertops may be dancing allover your mind, being carried away by a dream and left holding a serious bill would be very problematic. Getting your first home would be one of the biggest purchases you'll ever make, so instead of making an impulse buy, make sure you do your research and have yourself backed up by a few quality advisers.
Now, if you are wondering how can someone who is going to buy a property for the first time be able to get a fair deal on the home they are prepared to place an offer on, here are several important tips you need to consider.
• First things first, attend a first-time home buyer's seminar. Every undertaking needs to be learnt before you actually go hands on. The same goes to home buying. Making the wrong decision on your first house can come back to haunt you, so it is important to take a little time to learn from the pros and go straight to the head of the class with your investment knowledge. Here, you can decide whether you should get yourself a deal of house and land packages or a lot.
• Understand your budget. Having high expectations on the type of house you wish to get can set you up for disappointment if you don't know what you can afford. So you need to sit down and look seriously at your average monthly budget, take a hard look at where you are spending your money on - everything from the restaurant bills to your dry-cleaning bills. And when you finish checking out your monthly bills, you'll then figure out what you have left to spend for your monthly mortgage and home expenses. And if the numbers aren't adding up to what you want, then you need to start to buckle down and change your spending ways to make sure you are able to pay your bills as this is one of the most important factors in buying your first home.
• Take your time. Homes constantly come on and off the market. You may not be able to find your dream home, however, you won't need to settle for anything less simply because you feel under the gun to buy something. For the time being, you can consider renting so you can give yourself time to find the right home.
Based on the article by Keith H. Bailey
Posted by Chic Urban Living at 10:29 AM
Wednesday, July 3, 2013
THE Penang Yang di-Pertua Negri Tun Abdul Rahman Abbas has called for support for the four major infrastructure projects worth RM6.3bil that was proposed by the state government. He said there was a need to upgrade the road infrastructure in Penang to be on par with developed countries. “Thus, the state’s intention to implement the RM6.3bil project to resolve traffic issues should be supported,” he said yesterday in his speech when opening the first sitting of the first term of 13th Penang State Legislative Assembly.
The project comprises a 4.2km bypass connecting Gurney Drive to the Tun Dr Lim Chong Eu Expressway, a 4.6km bypass connecting the expressway to Air Itam, a 12km paired road between Tanjung Bungah and Teluk Bahang and a 6.5km undersea tunnel connecting Gurney Drive to Bagan Ajam. The tunnel project had however come under fire from some non-governmental organisations and politicians who feared that it would bring negative environmental and economic impacts. Abdul Rahman said a feasibility study and Detailed Environmental Impact Assessment would be carried out to ensure that the projects are safe for implementation and can be completed well.
On power supply, he said Tenaga Nasional Berhad (TNB) would build a RM3bil power plant in Prai which would be completed in 2016. He said that from 2015 to 2018, the utility company aimed to increase the distribution of electricity in the state with the construction of eight 842 megawatt main intake substations at a cost of RM589.5mil.
Abdul Rahman also said the state government had identified seven sites statewide for its affordable housing projects. He said there would be a total of 22,172 units, of which 3,152 units would be built on the island and the rest on the mainland. He said more than 19,000 people had registered their interest to purchase units at two projects - in Jalan S.P. Chelliah where 1,900 units will be built and Bandar Cassia in Batu Kawan which will have 520 units.
On healthcare, Abdul Rahman said the state was setting up dialysis centres in Balik Pulau and Seberang Jaya at a total cost of RM4mil to provide subsidised treatment for poor patients. “The state hopes to start operating the centres by the end of the year,” he added. In his speech that lasted close to an hour, Abdul Rahman also extended his condolences to the family of victims who died in the second Penang bridge ramp collapse on June 6 and freak storm on June 13.
Other issues he touched on included investments, traffic and transportation management, tourism, agriculture, welfare, sports, youth, women’s development and Islamic matters.
The Star Online
Wednesday July 3, 2013
Posted by Chic Urban Living at 6:17 PM