Buying property in Kuala Lumpur on a budget, and more updates

For PropertyGuru’s news roundup, here are some of Kuala Lumpur’s new property market offerings that are affordable in a budget of MYR 3,700. In other updates, know when’s the best time to sell your Singapore home. Lastly, Maharashtra’s fire safety regulations are under scrutiny by the Bombay High Court following the devastating Chembur Fire Incident that claimed seven lives.

Which newly launched property in KL can you buy with a salary of RM3,700?

If you’re earning about MYR3,500 monthly, the property market might seem out of reach, but it’s not. Let’s take a closer look at the numbers and some potential property options in Kuala Lumpur that might just end up being your first or next property purchase.

Buying a property is a big leap, but it can also be an exciting one. PropertyGuru Malaysia’s guide aims to help you find a place that could fit your budget and lifestyle. The guide takes a look at some new properties in Kuala Lumpur that young professionals or families could call home sweet home.

When is the best time to sell your home in Singapore? (2024)

With private home and HDB resale flat prices remaining high, some homeowners may be wondering “Should I sell my home?” to turn a tidy profit. However, signs are pointing towards the private market turning into a buyer’s market in Q3 2024. Furthermore, HDB resale flat price growth has slowed down significantly in post-pandemic Singapore.

But for the sincere sellers out there who need some help deciding when is the ‘best’ time to sell your home, PropertyGuru Singapore’s guide is here to help. We’ll talk about the current market, reasons to sell your HDB flat or sell your condo, and what you can do to navigate a buyer’s market.

Also, the guide shows you how understanding the value of your home is a crucial step in making informed decisions when selling your property.

Maharashtra issues special fire safety regulations

Maharashtra’s fire safety regulations are under scrutiny by the Bombay High Court following the devastating Chembur Fire Incident that claimed seven lives. The court has directed authorities to establish a timeline for implementing stricter fire safety regulations to protect citizens from man-made disasters. The Bombay High Court warned that if the state government failed to enforce fire safety norms, it might halt all development permissions in Mumbai.

In response, the Maharashtra government on 11th October informed the court that it has issued final notifications to enforce fire safety norms for vulnerable buildings in Mumbai and Maharashtra, Housing.com reports.

Under the amendment, these buildings would be required to make special provisions for fire towers having a minimum two-hour fire resistance, firemen evacuation lift, and a ventilated lobby as an integral part of the fire escape staircase.

High-rise buildings with heights of 90 meters or above should provide break tanks with fire pumps every 65 meters from the ground. The water tank system may be provided on service floors or the floors having refuge areas.

These regulations aim to prevent tragedies like the 2018 Crystal Palace tower fire in Parel, where four people died and 27 were injured due to inadequate fire safety measures. The high court has emphasized the need for fire safety regulations and fireman evacuation lifts in high-rise buildings.

The Property Report editors wrote this article. For more information, email: [email protected].