Tips to consider in investing for a property

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

Penang projects get a boost

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

PJD New Sales Gallery

The new sales gallery is now open for operations. All are welcome.

Harbour Place Festivaganza's Grand Draw Winner

The grand draw winner of Harbour Place's Festivaganza,  Mr. Bharat Kumar, is finally back home to claim his prize. Our heartiest congratulations to him and his family.

Advantages of Service Apartments

Location, comfort and security - for individuals or families who are relocating due to work or business matters, these important considerations are among the top of their list in looking for a place to live in. And whether it's for a few months or permanently, one of the most preferred accommodations that expatriates often choose today are hotel apartments. These service apartments are well preferred by families who are looking to stay in a two or three-bedroom apartment, kitchen, bathroom, living room and bedrooms that can be rented out for short or long period of time.

To give you a better assessment, here are some of the benefits you gain when deciding to stay in one.

Cost effectiveness - this kind of accommodation offer rates that are generally reduced depending on the length of stay. Unlike hotels that charge for single or double occupancy, service apartments are generally charged per apartment. Also, service apartments offer amenities such as kitchen rooms so you won't need to spend too much on going out to eat on expensive restaurants as you can easily prepare your own food whenever you want to.

Convenient location - most service apartments are conveniently located making almost all of the important points of interest accessible.

You will feel like you're always at home - most people would of course enjoy a private life and they offer this element effectively. It is fully furnished that are important for your daily needs such as refrigerators, washing machine and television set. There are also added features that are not found in your typical hotel room.

They offer hotel services as well - service apartments also offer housekeeping services, room service and concierge. So if you have children, they can do away with the usual household chores they usually take care of and focus solely on studying and doing the things they love. Also, services such as private chef and butler services are available so you won't need to work too much whenever you wish to have a dinner party with your friends and family. Simply seek for chef and butler services and you can light the load of preparation and focus on inviting guests. Lastly, whenever you leave for business concerns, you also wouldn't need to worry about where or what your kids are doing because baby-sitting services are also available.

They are clean, affordable and offer great services, privacy and freedom that you will undoubtedly enjoy. And with the added services and features, there's no reason for you not to feel at home.

Based on the article by Keith H Bailey

WR Construction site progress as at 08/06/13

WR Property Showcase @ Queensbay Mall (30/05 - 03/06/13)

PJD held another property showcase at this popular shopping mall and as usual, it was packed with shoppers and visitors especially during the weekend. 

The Chic Urban Living Redefined concept of Wellesley Residences still drew in the crowd...

And some were truly intrigued by what was being offered and wanted to find out more.