PETALING JAYA: From Jan 1, all commercial banks will be required to adopt standardised documents for housing loans and home financing agreements involving a principal sum of RM500,000 and below.

Bank Negara said the move was to enhance borrowers’ understanding of the key terms and conditions of the loan agreements, including comparing such agreements.

It said banking institutions were required to present the key terms and conditions by following a template developed by the Association of Banks in Malaysia in consultation with Bank Negara Malaysia.

“The template describes these key terms and conditions using simplified language.

“This will assist consumers when making comparisons between banks and reduce the risk of borrowers who don’t fully understand the contractual terms of their agreements.”

Bank Negara said the initiative was a collaboration between the central bank, Pemudah and the financial industry.

The public can access the template and FAQs at at www.abm.org.my.

Source: The Star

Taman Halaman Ria, a gated and guarded development by Airmas Group in Kampung Benggali, Butterworth. Comprises 22 units of 1 1/2-storey town house with two difference types of  layout.

Type A

• Groud Floor – 20′ x 49′
• First Floor – 20′ x 24′
• with 5′ Back Land

Type B

• First Floor – 20′ x 39′
• Second Floor – 20′ x 51′
• with 8′ Balcony

Property Project : Taman Halaman Ria
Location : Kg Benggali, Butterworth, Penang
Property Type : 1 1/2-storey Town House
Tenure : Freehold
Total Units : 22
Indicative Price: RM 388,000 onwards
Developer : Airmas Group
Contact No: 04-380 6000

Location Map:

Baymont Residence,  exclusive bungalows with absolute privacy in a secluded and unspoilt location in Teluk Kumbar, Penang. Nestled within 17 acres of lovely green pasture and surrounded by lush greenery yet close to pristine beaches and the thriving township of Bayan Lepas.

Property Project : Baymont Residence
Location : Teluk Kumbar, Penang
Property Type : Bungalows
Total Units: 80
Tenure : Freehold
Indicative Price : RM 2,500,000 onwards
Developer: WHH Land

Botanica 5, the forth residential phase of Botanica.CT garden township at Balik Pulau, Penang. Comprises 32 unit of 2-storey and 31 unit of 3-storey terrace houses.

Botanica.CT

A 300-acre garden township slated for development over 9 carefully planned residential phases will ultimately be a self-contained and self-sufficient township with its own International Boarding School, Commercial Village, Retirement Resort, Medical Centre, Health & Spa Resort and a Clubhouse to serve the needs of its resident population.

Property Project : Botanica 5
Location : Botanica.CT, Balik Pulau, Penang
Property Type : 2-Storey & 3-Storey Terrace
Tenure : Freehold
Indicative Price: RM 650,000 onwards
Total Units : 63
Developer : MTT Properties & Development Sdn Bhd,

A SEMINAR on the Strata Management Bill 2012 as well as the Strata Titles (Amendment) Act 2012 will be held at Auditorium C and F, Level 5, Komtar, from 10am to 4pm on Jan 13.

Komtar assemblyman Ng Wei Aik said many people were unaware of the new bill’s contents, including how to handle strata management disputes.

“The bill provides better protection for property owners. It is important that they know their rights,” he said at a press conference.

He said lawyer Lee Khai would talk on the application of the Strata Management Bill while licensed land surveyor Chuang Kuang Han would talk on Strata Titles Application and Problematic Cases.

Registration fee is RM30 per person which includes buffet lunch and lecture notes.

The public, including management corporations, joint management bodies and residents associations are invited to attend.

For more details, contact Ng’s service centre at 04-2270215/017-4108914/012-4290163, fax 04-2278215 or e-mail dapkomtar308@gmail.com before Jan 8.

Source: The Star