Malaysia announces a new economic framework, 'MADANI Economy: Empowering the people.' MADANI is the acronym for the core values: keMampanan (Sustainability), kesejAhteraan (Prosperity), Daya cipta (Innovation), hormAt (Respect), keyakiNan (Trust) and Ihsan (Compassion). This visionary framework aims to focus on two critical areas: propelling Malaysia into a leading Asian economy and enhancing the overall quality of life for its citizens. 

As the nation embraces this ambitious roadmap, the property market is set to experience significant benefits and transformations. Let's delve into how the MADANI Economy can bring prosperity and growth to the Malaysian property market.

    1) Property Tax Cut

Under the Madani Neighbourhood initiative, there is a 25% property tax cut for affordable homeowners in Kuala Lumpur. The affordable homes under this initiative are priced at RM150,000 and are designed for families with a monthly household income below RM5,000. 1 2 The units will be 700 to 750 square feet in size. The Madani Neighbourhood is the right move to help B40 and M40 groups own a home.

    2) Economic Growth

The Madani Economy framework aims to drive positive change in Malaysia's economy. By focusing on becoming a leading Asian economy and improving the quality of life for the nation, it can create a favorable economic environment that can positively impact the property market.

    3) Infrastructure Development

The Madani Economy framework may also prioritize infrastructure development, which can enhance connectivity and accessibility. Improved infrastructure can increase the value of properties located in well-connected areas, attracting investors and buyers.

    4) Foreign Investment 

A strong and stable economy driven by the Madani Economy framework can attract foreign investment. Foreign investors may see Malaysia as an attractive market for property investment, leading to increased demand and potential growth in the property market.

    5) Capital Gains Tax

While not directly related to the property market, it is worth mentioning that there are discussions about implementing a capital gains tax in Malaysia in 2024. This could impact property investors and influence investment decisions in the property market.

Let us look forward to a future where Malaysia's property market flourishes under the influence of the MADANI Economy, elevating the nation to greater heights and enriching the lives of its citizens. The journey has just begun, and the prospects are bright as we venture into a new era of economic empowerment and progress in Malaysia.

⏬ See more :

• TOP 2 Rental Strategies for Property Investors in 2023
• Rental Property Damages: Malicious Damage and Wear and Tear 😟
• Find Your Perfect Rental with the Best PERSONALIZED Zero Deposit Program 
  

🎉 Welcome to the world of credit scores! where numbers hold the key to your financial dreams! It determines whether you'll be granted loans, get better interest rates, and unlock a world of financial possibilities.

Get ready to unleash your credit superpowers as we guide you through maintaining a top-notch credit score!

#Tips 1 -  Pay Your Bills on Time

Paying your bills on time is crucial. It shows lenders that you are responsible and reliable when it comes to managing your financial obligations. One way to ensure timely bill payments is by setting up reminders or automating payments. 

For the rental payment, you can use a convenient online service like BD pay by BlueDuck. With BD pay, you can set up automatic rent payments, eliminating the risk of forgetting or missing the due date. This not only ensures that your rent is paid on time but also improves your creditworthiness. And TA-DA, you can stay organised, reduce stress, and keep your credit score in good shape.

#Tips 2 -  Keep Credit Card Balances Low

It's recommended to utilize less than 30% of your available credit limit. Why is this important? Well, maxing out your credit cards or using a large portion of your available credit can signal financial strain and raise concerns for lenders.

When you use a high percentage of your credit limit, it may indicate that you rely too heavily on credit and may have difficulty managing your debts.

#Tips 3 -  Maintain a Long Credit History

Keep your older accounts open and active because they contribute to the length of your credit history. Closing them can shorten your credit history and potentially lower your score. So, hold onto those older accounts to show lenders your responsible credit management over time.

#Tips 4 -  Have a Diverse Credit Mix

Having credit diversity means showing lenders that you can handle different types of credit, like credit cards, loans, and mortgages. This demonstrates your ability to manage various financial responsibilities. By having a mix of credit accounts and responsibly managing them, you prove that you can handle different payment schedules and terms associated with different types of credit. This enhances your credibility and can lead to better borrowing opportunities and terms.

#Tips 5 -  Be Cautious with New Credit

It's important to only apply for credit that you truly need and choose wisely. Applying for too much new credit at once can temporarily lower your credit score. So, take the time to research and compare your options, and only apply for credit that aligns with your needs and financial goals.

For instance, if you're applying for a credit card, consider factors like annual fees, interest rates, rewards programs, and payment flexibility. Choose a credit card that aligns with your spending habits and financial goals. 

🎉 Congratulations on unlocking the secrets of maintaining a top-notch credit score! for an even better financial future, check out BlueDuck Zero Deposit. It helps you manage your finances while saving up to *85% on move-in deposit. With BD pay, you can pay rent on time and boost your credit score. 

Get ready to soar towards a brighter financial future with BlueDuck Zero Deposit by your side! 🚀✨

*T&C Apply

[Updated on 11 July 2023]

Are you ready to embark on your exciting journey of finding the perfect rental? We all know how crucial it is to have a place to call home that suits your needs and budget.

Here's the catch: traditional rental processes often require a hefty upfront deposit, making it challenging for many of us to secure a dream home. 

BlueDuck comes to the rescue! We are here to share a game-changing solution – a personalized Zero Deposit Program subscription designed specifically for you, he or she, and everyone!

Forget about the Fixed Price Package 

After we received all the precious feedback from our dear tenants, instead of a fixed package, we now transformed to a flexible subscription to BlueDuck Zero Deposit Program. 

This change demonstrates our dedication to treating every tenant fairly and providing tailored experiences.

How does the Personalized Pricing works?

Credit score tells a more comprehensive story about your financial responsibility. Hence, the ZDP subscription fee varies from 15% - 22% of 3 months guarantee which will depend on our BD Scorecard, which a tenant's credit history, behavior and rental details that is supported by BD very own algorithm. But don’t worry, we will help you to check your scorecard once you are verified with our tenant profile.

We categorized tenants into 4 categories: Standard, Excellent, Foreigners and Subprime Tenants.

1) STANDARD

• 21% of the total 3 months guarantees

2) EXCELLENT 

• Enjoy a 3% discount! Subscribe with only 18% of the total 3 months guarantees

3) FOREIGNERS 

• Subscription fee = 22% of the total 3 months guarantees

4) SUBPRIME 

• Tenants with a history of running away OR inconsistent rental payment record will not be eligible for the program. We have strict measures in place to ensure the safety and integrity of the rental process.

Still confused? Let’s have an example here… your rental deposit is RM5,000 for a RM2,000/month rental property. Instead of paying RM5,000 as the rental deposit (2.5 month deposit), you only need to pay RM1,260 to subscribe BD as a service to back you up on your rental deposit to secure your rental property excluding Tenant Profile fee and system fee! :)

Please note that for room rentals, it will be of 2months guarantee instead of 3months! :)

It's time to say goodbye to one-size-fits-all approaches and hello to a rental program that truly understands and caters to your needs. 

T&C Apply. Learn more here!

 See more ⏬ :

• Why is it Important to Rent a Comfortable House

• 3 Important Things MUST DO Before Rental Tenancy Ends and Move Out

• 3 Malaysia Property Listings Platform to Rent with Zero Deposit Program

Renting a home provides flexibility, but sometimes life takes unexpected turns. Whether it's a sudden job relocation, an urgent need to leave town, financial difficulties, or any personal circumstances, there may come a time when you have no choice but to leave your rented home without fulfilling your rental obligations as stated in the tenancy agreement.

Let's revisit the beginning of your journey with BlueDuck Zero Deposit Program:

1. You became a verified tenant with a BlueDuck Tenant Profile.

2. You signed the tenancy agreement with your landlord on Zero Deposit move-in.

3. You opted for BD Pay, allowing direct debit as part of the terms and conditions.

It's crucial to keep in mind that both parties, the tenant and the landlord, are expected to honor the tenancy agreement and stay throughout the agreed-upon tenancy period. Any early termination is considered a dishonoring of the agreement.

Understanding the terms

• Runaway tenant: This refers to a situation where you have to abruptly leave the rented property without fulfilling the terms of your rental agreement. It often involves leaving without giving notice to the landlord.

• Rental default: This occurs when you fail to pay the rent throughout the tenancy period and leave the building with outstanding rent. It poses significant challenges for landlords as they rely on timely payments to cover expenses such as the mortgage, maintenance, and other costs.

If you find yourself facing these unpredictable situations, it's important to:

• Inform and explain your circumstances to your landlord.

• Make an effort to resolve any outstanding issues and settle any dues.

• Maintain open communication to minimise misunderstandings and potential legal complications.

If you struggle to figure out how to pay your landlord back, you may contact BlueDuck for assistance. In such cases, your landlord could file a claim for compensation of up to *three months of guarantees to temporarily relieve the financial burden you face.

Know more about claim here if you are landlord.

Please note:

• The compensation claimed will be recorded on the CTOS credit score system until you successfully repay back to BlueDuck. 

• Tenants who have previously caused compensation claims will not be eligible to sign up for the BlueDuck Zero Deposit Program in the future.

Let's strive to create a positive rental environment based on trust and respect. Holding yourself accountable as a tenant is essential. Being responsible and reliable improves your living experience and significantly impacts your credit score and financial plans.

The BlueDuck Zero Deposit Program is designed to help you by reducing your initial move-in costs compared to traditional methods, allowing you to save up to *85% on move-in fees. However, it's crucial to remember that the program works best when you, as the tenant, fulfill your obligations as outlined in the tenancy agreement.

In short, when tenants honour their agreement, they can fully enjoy the benefits of the BlueDuck Zero Deposit Program, enhancing your overall renting experience.

Learn more now at www.blueduck.my

*T&C Apply

⏬ READ MORE :

• [Special] : Just share to your friends! Latest BlueDuck Promotion you don’t want to missed 🙌
• Tips to be a Master SiFu in maintaining a GOOD CREDIT SCORE?
• 👋Selamat Tinggal Masalah Pembayaran: Mengapa BD Pay Auto-Debit Adalah Cara Paling Cool Untuk Bayar Sewa Anda
• Find Your Perfect Rental with the Best Personalised Zero Deposit Program in Malaysia with BlueDuck!

[UPDATED ON 12 JUNE 2023]

Renting out a property can be an exciting adventure as a landlord. It allows you to benefit from your investment while providing someone with a much-needed home. However, sometimes things don't go as planned, and tenants may unexpectedly leave the property. We understand how frustrating this can be, but you're not alone in facing this problem.

Opting for BlueDuck Zero Deposit Rental: Making an Informed Choice

1. Contract Issuance: Once a verified tenant has been matched with your property, BlueDuck will proceed to generate a contract between BlueDuck and the tenant. This contract will encompass all the necessary property and tenancy details. As the landlord, you will receive a copy of this contract, ensuring transparency and clarity in the certificate of contract, which you can retrieve by logging into BD Portal.

2. Understand Claim Condition: Take the time to understand the conditions for making claims if tenants run away or disappear (default rental or tenant runaway). Remember, the restoration fee is at the landlord's expense, and the maximum claim amount is up to *3 months of rental, including outstanding utility fees.

Tenant runaway? Claiming Compensation:

1. Police report within 48 hours: once you have verified and confirmed that the tenant has indeed vacated the property, it is necessary to make a police report within 48 hours. This step is important as it creates an official record and deals with legal matters, if any. Additionally, it provides evidence for contract claims or legal actions if needed.

2. Email the claim details: To initiate the claim process, email the situation details to claim@blueduck.my. Be sure to include your certificate number as listed in your certificate of contract (retrieved from BD Portal). Our team will review your claim and process it accordingly. Claims are typically processed within 10 working days.

Regardless of your challenges as a BlueDuck landlord or agent, we are here to support you. If you encounter issues like a runaway tenant, remember to contact us. We will compensate you on behalf of the tenant first and liaise with the tenant accordingly. It's important to note that the tenant's CTOS credit scoring and BD scoring will reflect the compensation until they pay it back. We believe that holding tenants accountable can foster a better rental industry environment in Malaysia.

BlueDuck is always here and ready to support you throughout your landlord journey.

⏬ See more :

• Choosing the Right ✔️Type of Office Space in Malaysia
• TOP 2 Rental Strategies for Property Investor in 2023
• Best Personalised Zero Deposit Program in Malaysia 2023

According to the PropertyGuru Malaysia Property Market Report Q2 2023, the Rental Demand Index experienced a 6.3% decline in Q1 2023, marking the second consecutive decrease quarter. As a result, landlords in Malaysia must devise effective strategies to differentiate themselves from the competition and attract tenants. This blog post will explore two rental strategies for property investment in Malaysia in 2023: long-term rentals and student housing.

1. Long-Term Rentals: Stability and Steady Income

   
   Long-term rentals mean renting out a property to tenants for a long period, usually a year or more. This rental strategy provides stability and a consistent flow of money, which is attractive for landlords who want a reliable income. When tenants sign the rental agreement, they commit to renting the property for a specific time and pay rent monthly, ensuring a steady income for the landlord.

Have you ever been in a frustrating situation where a tenant fails to pay their rent on time? Go with BD Pay today!

To make the most of long-term rentals, landlords should focus on important factors: 

• Choose desirable locations with good amenities, connectivity, and proximity to schools, offices, and transportation.

• Keep the property in good condition through regular maintenance and prompt repairs.

• Provide a well-maintained, comfortable living environment to encourage rental renewals and reduce turnover costs.

  
  

  
  2. Student Housing: Catering to the Housing Needs of Young People

  
  

Investing in student housing can be a highly profitable opportunity, particularly in areas with colleges and universities. For example: Kuala Lumpur, Penang, Selangor, Johor Bahru, and Kota Kinabalu, Sabah. Student housing is a smart choice because there is a lot of demand, students usually stay for a long time, and you can earn more money from renting to multiple students.

To make the most of student rentals, landlords should focus on important factors:

• Offer individual rooms or shared apartments to accommodate multiple students in a single property.

• Charge rent on a per-room basis to optimise rental income.

• Provide affordable housing options that align with the budget constraints of students.

• Focus on properties located near educational institutions to attract student tenants.

• Understand and meet the specific needs and preferences of student tenants.

• Follow any regulations or requirements set by the school or local authorities for student housing.

Remember, thorough research, understanding the market, and adhering to legal requirements is essential for successful property investment. By staying informed and adapting to the changing rental landscape, landlords can overcome market challenges and thrive in the competitive Malaysian rental market of 2023.

⏬ See more :

• What is Malicious Damage? What is Wear and Tear 😟?
• Best Personalised Zero Deposit Program in Malaysia with BlueDuck
• 3 Malaysia Property Listings Platform to Rent Happily with BlueDuck