LOCATION
Taiping is a town located in northern Perak, Malaysia. With a population of 191,104 (in 2007), it is the second largest town in Perak after Ipoh, the state capital. Taiping took over Kuala Kangsar's role as the state capital from 1876 to 1937, but was then replaced by Ipoh. Its development slowed down after that, but in recent years the town has begun developing rapidly again.
Taiping also receives some limelight for being the wettest town in Peninsular Malaysia. The average annual rainfall is about 4,000mm in Taiping while the peninsula's average is 2,000mm – 2,500mm. Its unusual rainfall has also led to a fertile collection of flora and century-old rain trees in the Taiping Lake Gardens.
TOWN LAYOUT
The following towns, suburbs, and neighborhoods comprise the area formally (and collectively) known as Taiping:
REAL ESTATE TAIPING
A basic checklist before making a real estate investment in Taiping
The popular saying in Real Estate in Taiping still holds true, the most three important factor in purchasing a real-estate property in Taiping is Location, Location and again the Location.
After considering a location in Taiping to invest or to to buy a new home, such as a house, a condominium, a penthouse or a villa, we have to determine the area where we would like to stay.
Taiping has many popular, well established neighborhoods but it is a matter of your preference.
If you wish to rent out your new property to the expatriate community in Taiping, you should identify an exclusive neighbourhood's areas.
If you intend to buy a house or a condominium in Taiping, to sell it at a later time for a profit, you have to ensure which locations in Taiping still have an affordable real-estate properties with strong potential growth. Choosing proper new townships in Taiping would be of great asset when purchasing of a property.
Taiping Real-Estate Mortgage Calculator
Info Guide for expats buying a property in Taiping
When you purchase a house or a villa in Taiping, you are buying the land as well as the property that was built on it. Of course the property in Taiping will deteriorate with the years but the cost of the land of which the property was built on it maybe increased more then its original value, so the more land you get when you buy a house or villa in Taiping, the more it will be worth in the future. Land in Taiping will always have value.
Before buying a property in Taiping, it is essential that you understand the basic between a Freehold or Leasehold property in Taiping.
It is important that you check out the immediate surroundings where you plan to buy a real-estate property in Taiping and you should be cautioned of the nearby surroundings for example, a property nearby of main roads, high tension cables, Electricity substations and as well large water drains in Taiping.
If you have contacts with the construction or real estate industry, you could have an advantage if they can let you know of future developments of real-estate projects in Taiping, before the general public will be aware of those new real-estate development projects in Taiping.
Most property buyers compare prices when they shop around for a new property in Taiping. It is advisable that reference be made through Taiping real estate classified advertisement in local newspapers or search online for real estate developers in Taiping, In this case we would get the latest information regarding the matter.
Before we buy a property in Taiping the following criteria should be taken into consideration.
- Is the property leasehold or freehold. If the property is a leasehold, find what is the ramaining years left.
- How and how is the neighbourhood.
- Are shops nearby your Taiping property
- Has any work been done on the Taiping property since the old owners moved in?
- Is the Interior or or Exterior of the Taiping property in good condition?
- How much you have to invest in additional work for your Taiping property
- Will you be able to obtain a mortgage loan from a local bank in Taiping?
If you are not under a time constraints, you should look as many proeprties in Taiping as you can handle. You should visit show units from real-estate developers in Taiping or if it is a property in the resale-market, visit that property as often as you can and draw up a list of pros and cons of the Taiping proeprty. If you have the time, under no circumstances should you rush in to buying a property in Taiping.
You should not only look for a bungalow, semi dettached house, or a condominium/apartment or residential land in Taiping, but as well for a mortgage loan with a Bank or Financial Institution in Taiping. For your convenience, we maintain the Taiping Real-Estate Mortgage Calculator on our Taiping Property Review and Buying Guide.
If you have any comments or questions regarding our Taiping Property Review and Buying Guide, please send us your feedback or comments.
- Taiping Financial Network
- Taiping Expat Mortgage Guide
- Refinance Your Taiping Mortgage
- Taiping Real Estate > How to shop for a mortgage in Taiping
- Taiping Mortgage Payments
- Foreclosure Loan in Taiping
- Banks in Taiping
- Show all hotels in Taiping
1. MAIN OBJECTIVES
i. To help owners with abandoned houses sell their house/land
ii. Provide services in repair works, find ways to settle outstanding quit rent & assessment
iii. Get eligible buyers
iv. Get responsible lawyers
2. HOT SPOT AREAS
i Kamunting, Assam Kumbang and Tupai
3. GOVERNMENT LOAN OWNERS
i Help owners with bad loans
ii To discuss with Housing Loan Department at PUTRA JAYA
i. To help owners with abandoned houses sell their house/land
ii. Provide services in repair works, find ways to settle outstanding quit rent & assessment
iii. Get eligible buyers
iv. Get responsible lawyers
2. HOT SPOT AREAS
i Kamunting, Assam Kumbang and Tupai
3. GOVERNMENT LOAN OWNERS
i Help owners with bad loans
ii To discuss with Housing Loan Department at PUTRA JAYA
KAMUNTING
Kamunting is the biggest satellite town in Taiping's Larut, Matang dan Selama district, Perak, Malaysia. It is also the biggest industrial town in Taiping and is famous mainly for being home to the Kamunting Detention Center a prison camp for detainees under the Internal Security Act, many of whom are held without trial for an indefinite period. The prison has been nicknamed "Malaysia's Gitmo" (referring to the Guantanamo Bay or Gitmo prison for similar detainees in Cuba run by the United States), and holds about a hundred detainees as of 2006.[1]
During the Malayan Emergency between 1948 and 1960, Kamunting was the site of a major British/Commonwealth military base, there being a large garrison for the 28th Commonwealth Independent Infantry Brigade and also one of the three British Military Hospitals (BMHs) in Malaya. Between Taipling and Kamunting is one of the main Military Cemeteries in Malaya. Over the many years of the conflict against the Communist terrorists, thousands of British, Australian, New Zealand, Fijian and Gurkha troops lived - and died - in and around Kamunting and Taiping.
Kamunting houses the main bus station (Kamunting Raya) for Taiping town. Soon the Taiping Train station will relocate there too. It has a weekly night market every Saturday night near the bus station that sells all sorts of local fresh produce and food stuffs. There are also fruit sellers along the road leading to the Kamunting bus stops which sell seasonal fruits like durian and mangosteens. It also connects Taiping to the North-South Expressway via the northern exit.
Major tourist spot is Bukit Jana, which has a waterfall and streams off the range of Bukit Larut. The Bukit Jana Golf & Country Club is also situated nearby. Plans for Taiping sports centre, which includes a 15000 seater stadium, indoor venues and extreme sports site, are still under consideration.