As you’re in the market looking for a permanent domicile, how do you make that decision? Are the vertical pockets the best choice for you or a simple low-rise the way to go? To help you on your quest to find a home, here are a few pros and cons of high-rise living.
With a high-rise, you get to witness that perfect sunrise and sunset you double-tap on your phone. Your stunning balcony view will replace the 42inch flat-screen TV in your living room. You have more natural lighting for the perfect filter-free selfies with a high-rise apartment.
A big advantage of high-rise apartments is the doorman/security. Feeling safe and secure in the place you live puts your mind at ease more than you realize. As the famous American psychologist once said, life is an ongoing process of choosing between safety (out of fear and need for defense) and risk (for the sake of progress and growth).
High-rise buildings often times have a gym or a pool for the residents to use. This can cut down on the cost of the gym and you won't even have to go out of the building to keep yourself in shape! Furthermore, if you cringe at the thought of climbing up 4 flights of stairs, the high-rise is for you. High-rise apartments almost always have a couple of elevators working.
Living in a high-rise apartment means you have neighbors living in all body relative directions. You need to be very considerate about the noise you make and you might be very conscious about the fact that people are living right next to you. Most of the time high-rise buildings have rules put in place to limit the noise you can make.
When certain rules and regulations can be beneficial for you, it can get annoying at times. The building management might have specific days they allow move-in lorries to come in or your visitors might need to go through tedious registration before they are allowed to come in. It is important to keep yourself up to date on the rules and regulations they might have set in place.
Although the views you get might be breathtaking, the downside is that’s all that balcony has to offer. If you are someone who wants to grow your own vegetables, you will have very limited options. You might as well stick to having a couple of indoor plants to satisfy your plant craving.
With high-rise living, the pros tend to balance out the cons. In a country like Malaysia where urban land is scarce and in such high demand, high-rise buildings might be the only option for you. Just remember with whichever you choose, high-rise or low-rise, with just the right mindset, you can always make it your home.
If you are thinking of selling your property in Malaysia and you don't know what to do, here at Des Prix Infinitus media, we have compiled an 8 step guide on how to sell your property. This can be a daunting process, but follow our steps and you will have this in the bag in no time!
𝟭. 𝗩𝗮𝗹𝘂𝗲 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆
Before you go headfirst into selling your property, you need to hire a certified appraiser to value your property. The appraiser will let you know how much your property is worth in the current market value.
𝟮. 𝗕𝗲𝗮𝘂𝘁𝗶𝗳𝘆 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆
Think of your property as it is about to go on very important dates. You will need to make your property look visually pleasing as first impressions are crucial at this stage. Throw out that old rag and replace that faulty doorknob. Trust us, this will make a world's difference when it comes to how our property looks like.
𝟯. 𝗔𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗲 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆
This is a crucial step in selling your property. Nowadays more people are opting for digital advertisement rather than advertising on traditional media. Digital advertising is more convenient as you can edit your advertisement to your liking whenever on the property portals. If you want to do it the old school way, then hire a real estate agent to do the job. Do take note that real estate agents do come with a commission charge of 2-3%.
𝟰. 𝗖𝗵𝗲𝗰𝗸 𝗳𝗼𝗿 𝗼𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗯𝗶𝗹𝗹𝘀 & 𝗽𝗿𝗲𝗽𝗮𝗿𝗲 𝘁𝗵𝗲 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀
Now it is time to assemble all your legal documents and clear all outstanding fees that might apply to your property. A good checklist of documents to keep on hand would be, your IC, latest mortgage statement, copy of your title of the property, copies of quit rent, assessment tax and renovation details (if any). Having all this ready will make the process of selling your property go smoothly.
𝟱. 𝗔𝗽𝗽𝗼𝗶𝗻𝘁 𝗮 𝗹𝗮𝘄𝘆𝗲𝗿
This is a step you cannot skimp out on. Getting legal help from a lawyer is crucial in drafting your Sales and Purchase Agreement (SPA). A lawyer will help you keep calm and a level head during the sale if anything requires any legal attention. Most importantly they will help spot any discrepancies in your SPA or bank loan agreement. Yes, a lawyer is costly but we always suggest being safe than sorry.
𝟲. 𝗔𝗰𝗰𝗲𝗽𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗼𝗳𝗳𝗲𝗿
Now it’s time to sit back and let buyers view your property. Pay attention to your phone as you will soon get calls from prospective buyers. Once you’re able to lock in a serious buyer, you will need to agree on a price and ask the buyer to pay an earnest deposit of 2-3% and sign the offer letter. Now you can proceed with the preparation of the SPA for the buyer to sign. Normally this takes 2-3 to prepare. After the buyer signs the SPA, they will need to pay the remaining 10% amount of deposit to you and the remaining 90% will be paid to you within the next 3 months.
𝟳. 𝗙𝗶𝗻𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 & 𝗧𝗮𝘅𝗮𝘁𝗶𝗼𝗻
This is when you settle the tax and payment required by the seller. Take note of Real Property Gains Ta (RPGT) that you might have to pay. If this is your first time selling a property, you will be exempted from it for one time only.
𝟴. 𝗟𝗼𝗮𝗻 𝗗𝗶𝘀𝗯𝘂𝗿𝘀𝗲𝗺𝗲𝗻𝘁
Lastly, the buyer's bank will disburse the loan money and this is when the bank will give the money to the seller’s bank to redeem the property. Now the seller’s bank will release all documents including the original title and purchase agreement to the buyer’s lawyer. The buyer’s lawyer can now register the title under the new buyer’s name and create a mortgage over the property.
We hope that this basic guide to selling your property in Malaysia helps you in your property sales endeavors. The number one tip we can give you is to always be prepared for unforeseen circumstances and hire a lawyer to guide you through every step of the way.
Mah Sing Group Bhd has targeted to achieve RM1.6 billion sales for 2020 with a key focus on affordable housing. 84% of Mah Sing's annual target sales are derived from residential properties below RM700,000.
Based on an internal survey, Mah Sing has found buyers to be mostly concern of pricing, affordability, location, and the practicality or creativity of layouts. To attend to the public's needs, Mah Sing launches a new campaign called 'Eazy to Own' on the 19th of February which covers the Group's new and completed residential projects nationwide.
The campaign is stated to offer easy entry with low upfront costs, peace of mind by locking in current prices, and affordability with incentives and savings for house buyers who are looking to own their ideal homes.
The main campaign objective is to address the pain points that home buyers face in 4 key demographics. The people who have intentions to buy but could not afford the high down payment, currently renting their homes, facing disapproval for loans, and first-time millennial centric buyers with an income of RM8,000 and below are the groups.
The group managing director, Tan Sri Dato’ Sri Leong Hoy Kum is hopeful that with the economic stimulus package that is to be announced by the Prime Minister on the February 27th would boost the consumer's spending.
The great thing about making investments in real estate is that there are so many different options. But what is the right choice for you given all of the talk about an upcoming recession in 2020? Is buying a condo a good investment? It could be a great investment in certain circumstances, but not
the best choice in others. There are pros and cons to any real estate purchase. Condo purchases are no different.
𝗠𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲: One of the main selling points for a Condominiums is the fact that there is minimal to no maintenance required. You as the owner do not have to roll up your sleeves and cut the grass in the driveway.
𝗔𝗺𝗲𝗻𝗶𝘁𝗶𝗲𝘀: Most condominiums have at least a couple of amenities available within the building. Basic amenities include 24-hour security and a swimming pool. If you like swimming but don’t want to deal with the hassle of owning a private pool this might be appealing to you.
𝗣𝗿𝗶𝗰𝗲: Condominiums are usually sold at a lower price than your average properties. Although, there are some exceptions depending on the area and exclusivity. This, however, makes it much easier when it is time to sell.
𝗩𝗮𝗿𝗶𝗲𝘁𝘆: Contrary to popular belief, all condominiums don’t have the same cookie cutter and look alike. In fact, most condominiums pride themselves on the uniqueness they all have. There is always a place that is appealing to everyone!
𝗥𝗲𝗻𝘁𝗮𝗹 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀: You need to get familiar with rental policies if you plan on investing in a condominium. The reason being, any condominium management can enforce their own rules and regulations. For example, they might have rules regarding rental policies. Some condominiums might not want to dilute the number of owner-occupants in the building.
𝗙𝗲𝗲𝘀: As great as having convenient amenities, not everyone wants to pay a hefty price for them. Do take note that this is an additional fee apart from the interest and tax payments you make.
𝗖𝗼𝗺𝗽𝗮𝗿𝗮𝗯𝗹𝗲 𝘀𝗮𝗹𝗲𝘀: If you want to resell your condominium, you might not get to squeeze the most out of your investment profit due to comparable sales and listing in the area. At a time, there will be plenty of sales for the buyer to compare and contrast on and it is difficult to stand out and make an impression.
𝗣𝗮𝗿𝗸𝗶𝗻𝗴: Lack of parking space is a common issue when it comes to condominiums. Most of the time an apartment comes with only one or two parking spaces and this becomes an issue when you have multiple guests over.
At the end of the day, to answer the question “are condominium investments a smart choice?”, it depends on so many factors. It is absolutely worth it to take the time and really understand what you might be getting into. Depending on your financial goals and market compatibility, condominiums can be a good investment for you.
With the festivities drawing to an end, Mah Sing Group Berhad (Mah Sing) held a mini-concert at M Arisa Sales Gallery to conclude their series of Chinese New Year 2020 open houses throughout Johor, Penang, and Kuala Lumpur.
The event had a grand turnout of 400 visitors for the high-rise residential project, M Arisa which have units of 550sq ft to 1,025sq ft at the initial pricing of RM299,000. In line for the visitors were a string of stellar performances prepared by Mah Sing to close the finale.
A performance of Mah Sing's theme song, 'Home of Love' (幸福满屋), was sung by 2019’s Astro Classic Golden Melody (CGM) winner Grace Lee along with Astro CGM 2017’s winners and finalists Kelly Chen, Chris Cheong, Caryn Teo, and Chang Man Wen. The main highlight was Mah Sing’s inaugural CNY song, ‘May You Be Blessed With The Home Of Your Dreams’ (美好家园“鼠”于你) which was performed by veteran Malaysian Singer, Crystal Liew Yan Yan. To support the mini-concert, the composer and lyricist of the songs, Tee Kok Leong had also shown his presence.
To further excite the crowd, there were other festive activities install for the public's joy. It includes Feng Shui Talk; Lion Dance, 24 Drums, Chinese Orchestra performances, and Si Chuan Face Changing show.
In conjunction with the end, Mah Sing had announced their plans to provide more affordable homes and rollout promotions to their upcoming launch of M Luna in Kepong and M Adora in Wangsa Melawati. Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy had even clued that there are also plans underway to launch the final tower of M Vertica in Cheras.
Not one to leave visitors empty-handed, Mah Sing will be giving out treats to their home buyers for the Homes of Prosperity Campaign. All Mah Sing purchasers who had successfully booked before the end of 29 February 2020 will get a chance to win various prizes from shopping vouchers to renovation subsidies. The participating projects of the campaign are M Vertica, M Luna, M Oscar, M Centura, M Arisa, Sensory, Cerrado, M Visa, Ferringhi Residence 2, Meridin@Medini, Meridin Bayvue, Meridin East, and i-Parc.
If the thought of doing a competitive analysis makes you want to walk out of the office and never come back, we get it. It is such a time-consuming task that can get complicated and boring quite easily. If you have never done any before or simply hate the thought of doing it, lucky for you we have compiled an easy 6 step guide to completing a competitive analysis.
First of all, before we begin you need to understand what a competitive analysis is. It is essentially a way for you to spot your competition and to know how they have positioned themselves, presenting themselves in the market, and compare your strengths and weaknesses to theirs. Now that you have a basic idea of what it is let’s talk about the 6 steps.
𝗦𝘁𝗲𝗽 𝟭 : 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁 𝗮 𝗹𝗶𝘀𝘁 𝗼𝗳 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗼𝗿𝘀
This list should include anyone and everyone who you think is your field doing the same thing as you. It should also include anyone who could be a potential competitor. To give you a rough idea, if your company is a traditional athleisure brand your competitors could range from reebok, Adidas and Nike.
𝗦𝘁𝗲𝗽 𝟮 : 𝗗𝗶𝘃𝗶𝗱𝗲 𝘁𝗵𝗲𝗺 𝗶𝗻𝘁𝗼 𝘁𝘄𝗼 𝗴𝗿𝗼𝘂𝗽𝘀
These two groups are your current competitors; brands that are of similar backgrounds and aspiring competitors; brands that you wish to compete with. Based on the previous example, let us take those three traditional athleisure brands as your current competitors. Now, the brands you wish to compete with could be luxury activewear brands.
𝗦𝘁𝗲𝗽 𝟯 : 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗼𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀
A quick search on google will help you find hundreds of pre-made competitor analysis templates. We recommend using the template on smartsheet.com. It is free and easy to work your way through.
𝗦𝘁𝗲𝗽 𝟰 : 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲
This is when you start to analyze the competitors that you have listed in step 1. Be thorough and look at every aspect of that brand as this is the most important step in competitor analysis. From their mission and goals to their logos and visual aspects, make sure to fill every detail listed in your template.
𝗦𝘁𝗲𝗽 𝟱 : 𝗘𝘅𝗽𝗿𝗲𝘀𝘀 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗶𝗱𝗲𝗻𝘁𝗶𝘁𝘆
Think of your company from all aspects; the good and the bad. Treat your brand as a competitor and document all aspects of your brand. Keep an open mind as you list out things that the brands you aspire to compete with doing and qualities you want to avoid that the brands you compete with do. For example, you might want to compete on pricing with Nike, but you might who their brand affiliates are so that is something you would want to avoid.
𝗦𝘁𝗲𝗽 𝟲 : 𝗙𝗶𝗻𝗱 𝘆𝗼𝘂𝗿 𝗰𝗮𝗹𝗹𝗶𝗻𝗴 𝗼𝗻 𝘁𝗵𝗲 𝘀𝗽𝗲𝗰𝘁𝗿𝘂𝗺
When you have an overall idea of every brand’s image, grab that whiteboard and start mapping out where you lie on that Cartesian chart. Plot out several variations based on multiple polarities; for example low quality vs high quality or Niche vs. comprehensive.
As you have reached the end of conducting a competitor analysis you should now have a better undressing of your competition as well as an understanding of what your company excels at. Finally, you should be able to answer this simple yet important question; Why should a customer choose your products or services instead of the brands you are competing against.
Planning corporate events are extremely stressful. Your attention is required in the most minute details so planning corporate events can be a daunting process. Here at Des Prix Infinitus Media, we have deconstructed this process and filtered out our 10 step guide on making this process smooth and manageable.
Envisage your event
First and foremost you need to understand the purpose of the event you want to host. You can start by asking yourself what are your goals and expectations for this event. It is essential to figure out what your target audience prefers.
$$ Budget $$
Setting a realistic budget is another essential building bock to successfully planning a corporate event. A good rule of thumb is to know how much you plan on spending and expecting to spend 10% more!
3. Set a project timeline
Corporate events require you to stay on top of a variety of tasks. Setting a project timeline and creating an intensely detailed checklist is the key to corporate events. We recommend that the checklist has monthly checkpoints to update 12 months out from your event date.
4. Establish a target audience
This goes hand in hand when you are trying to understand your event. It is really important to cater your event to the needs and interests of your target audience.
5. Select a theme and format
A format in how you present your event to your audience plays a vital role in establishing future connections with certain important members in your audience. Make sure how you present the whole event is educational and engaging.
6. Find your perfect venue
Once you have figured out your event details, this next step critical to a successful corporate event. We have found this to be a fun challenge that we love to take on. Always keep in mind what your target audience is and to scope out multiple locations just to be on the safe side.
7. Plan, plan & plan
Creating a timeline and planning the nitty-gritty details of the whole event before execution is one of the most important tasks to a successful corporate event. It is always important to keep in mind that not everything will go according to plan so expect the unexpected on the big day.
A good promotion strategy can make or break an event, no matter how big or small it is. Social media is such a huge platform to do your promotion and it is very cost-effective! Don’t forget to look into sponsorships as that can help you boost your fund.
9. Hello, technology!
Technology is advancing daily and as smartphones are such an inseparable part of our daily life, why not make the best use out of them. There are hundreds of apps that can help you keep on top of your event planning essentials. A quick app store search will help you find just the right one!
10. Wrap up and get your feedback
This is the time for you to evaluate your whole event and conduct a post-event debrief with your team. It is very important to gather feedback from your guests so you have the opportunity to improve in your future events.
With all that being said, this is your complete fool-proof guide to planning an amazing and successful corporate event.
9th Feb 2020 – To usher in a new beginning with the Year of the Rat, Bon Estates had opened their doors to all with delectable treats, vibrant performances, and festive activities for families alike to celebrate this Chinese New Year.
The theme for the event this year was centred around the symbolic significance of the Bamboo, Plum Blossom, and Pussy Willow. The elements are BÖN Estates wish to create an atmosphere of hope, wealth, and prosperity in the year 2020. The celebration of unity, harmony, and the strengthening of bonds which is the embodiment of Chinese New Year, resonates with their lifestyle philosophy and development ideology.
BÖN Estates had prepared numerous of highlights for the joyous occasion, among them are a Lion Dance troupe by Khuan Loke Dragon & Lion Dance Association, Fortune Reading session by Soleil Trinity Resource, Chinese knot making, Traditional Chinese Paper Cutting workshop, and Candy Making live shows.
The colourful festivity also features BÖN Estates’s ongoing flagship project, The Estate. A low-density high-rise development, The Estate is priced from RM2.5million and appeals to a vast range of buyers, especially to young families. Its popularity is to the unit’s design and layout, and also the unique multi-generational option of a private unit attached.
Visitors would get a chance to explore the unique lifestyle proposition of the project through a tour of a fully decked-out show unit of the many elevated living standards components of the development.