24 June, 2020

Property Guides

It is indeed everyone’s dream to live comfortably in their dream homes at some point in life. As much as having a home is a necessity, it is also a direct implication of one’s social and financial standard because not just everyone is able to own a home within a stipulated time.

Owning a home is a big decision in life. This means a lot of research, considerations and proper guidance needs to be taken into account before jumping and securing a property that you’re going to call home soon. It is indeed a big investment. Since it is even more challenging and exciting for first time home buyers, here’s a quick checklist to guide and lead you to the right direction of your dream home.

Budget and Affordability

It is stated that your monthly home instalments should not exceed 30% of your household income. Regardless, always work within your budget and seek for affordable house schemes especially if you are looking for your own stay. Living further away from the city is usually cheaper and even more affordable. This would be a better option for more sustainable living – especially for a bigger household.

Being Realistic on Your Dream House Expectations

One important element towards buying your first home is to know and understand clearly your needs and wants from a new house. It is okay to be extra dreamy and have visions of what you would like to have in a home. In fact, list down the type of qualities and expectations you have before getting a property to be made as your home. Be specific and customize the search to your preferred area, type of property, number of bedrooms, facilities available, neighbourhood environment and developers’ credentials to ease your home finding journey. These are some of the basic factors that you need to identify in order to speed up the search and lead you to just what you need and want while catering to one’s long term commitment.

Qualifying For Home Loans and Long Term Commitments

Your credit score is one of the most important factors in qualifying for a loan. Banks measure your repayment capability via the Debt to Service Ratio (DSR), a calculation which shows the proportion of your debt in relation to your total income. Debt refers to all existing financial obligations, such as credit card repayments, personal loans and student loans. Net income refers to your income after deductibles, such as income tax and EPF. Most banks including Maybank and Public Bank have a DSR cap of 65-70%, so it is crucial that you calculate your repayment ability for your target home before making the next move.

Of course, it is always advisable to get someone who’s knowledgeable or experienced in property investments to guide you in making a decision. It is always better to be safe than sorry. Finding the right home may not be easy, but with the right platform and sound decision making, you can rest assured that the journey towards having your dream property will become a reality!

M arisa house for sale

Visual By Mah Sing Group

Related Article:   3 Do’s and Don’ts When Investing In Malaysian Property

M Arisa, a residential oasis just 5km from the KL city centre. We have created a sanctuary that adopts nature as an architect. It is defined by its modern homes with lush outdoor elements, including a multi-level Sky Garden while offering such conveniences like shuttle service to KTM and LRT stations. Life is better in every way here.





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Admiral (R) Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal

Chairman/Independent Non-Executive Director




Admiral (R) Tan Sri Dato’ Seri Abu Bakar Bin Abdul Jamal was the 10th Chief and the first four-star Admiral of the Royal Malaysian Navy. Admiral (R) Tan Sri Abu Bakar served the Royal Malaysian Navy for almost 40 years both at the staff and command levels culminating in the highest office of The Chief of Navy from 1998 to 2002.

Admiral (R) Tan Sri Abu Bakar was the former Chairman of Affin Fund Management Berhad and also the former Chairman of several companies covering diverse industries post his retirement including naval and marine, property development, construction and automative. He was also a former Board member of Lembaga Tabung Angkatan Tentera (Armed Forces Fund Board).

In recognition of his services not only to Malaysia but also towards promoting international and regional understanding and peace, Admiral (R) Tan Sri Abu Bakar was bestowed the Panglima Setia Mahkota award carrying the title Tan Sri. In addition, he also received international recognition in the form of the following awards:

  1. Bintang Jalasena Utama by Indonesian President Abdul Rahman Wahid on 28 August 2000
  2. Legion of Merit by United States President Bill Clinton on 6 October 2000
  3. Knight Grand Cross of the Most Noble Order of the Kingdom of Thailand by His Majesty King Bhumibol Adulyadej R on 24 February BE2544 (Gregorian 2001)
  4. Legion d’ Honneur by President of France, Jacques Chirac on 17 June 2001

There is no family relationship between him and any director and/or major shareholder of the Company.