Over 1,500 sq ft and below RM500k? Got ah…

If we want a HUGE place but we want a SMALLer price, is Selangor still a consideration? Sorry yeah, stop thinking of the usual. These are some of the potential places. Rawang, Sungai Buloh, Seri Kembangan, Kajang, Semenyih, Puchong Perdana and well a few more. Just go to iproperty.com.my and key in all your requirements, these are the areas with properties which are over 1,500 sq ft and RM500k. We are talking about just the first page of the search result. When we go to propertyguru.com.my the listings which met 1,500 sq ft and around RM500k are for the following areas. Klang, Rawang, Bangi, Cyberjaya, Kajang, Sepang, Semenyih and SUngai Buloh. This meant that a combination of these two property sites would reveal nothing less than 10 different areas for all of us. I know, for those who are richer, the choices available is far wider. Do work harder and earn more to upgrade in the near future yeah, if you think those areas are the ones most appealing to you.

In propwall’s report just days ago, these are the top 10 most searched areas in Q2 2017. Interesting results actually. From number 10 all the way to Number 1, the areas are as follows: Shah Alam, Mont Kiara, Bangsar, Taman Desa, Cheras South, Sentul, Ara Damansara, Bukit Jalil, Old Klang Road and Damansara Perdana. None of these areas are within the search results we obtained from propertyguru and iproperty based on minimum 1,500 sq ft and RM500k or lower. Now we get the idea why properties which are loved by many continue to inch upwards in prices. Do take a look at brickz.my. Just enter the actual development name to find out what are some of the latest transacted prices. They are actual prices and not the prices offered by the seller or the prices offered by the seller. It’s safe to note that more searches could also be due to the fact that there are a lot more units on offer, both within the secondary market or new launches. For a fully mature area or those with small pockets of land, there are definitely searches but the number of searches are not high enough compared to the top 10 searched areas.

Casual reminder. Our searches should always be guided by the WHY reasons and not the WHERE reason. As long as that particular area fulfills all our WHY, it’s time to get one and start paying for it. Starting early is always better than later unless we started on the wrong direction. I was speaking to a group of real estate negotiators two weeks ago and I asked them if 2017 is the best time to buy. There are only 3 more months left. A few of them nodded their heads and I replied, “You are wrong. The best time to buy was 20 years ago.” All of us laughed. Buy a copy of Ho Chin Soon’s books if you are new. Look at the trend for the prices by cities. Go online and search for property price trends for the usual property markets that you know. Look for those years when we were hit by financial crisis. Understanding how the markets should behave in the future helps to guide us in our decisions. Oh yeah, if you intend to just rent, that is also a viable strategy. Just google for ‘why renting is better than buying.’ Lots of reasons why. Happy believing.

written on 19 Sept 2017

Next suggested article:  Property market is slowing. Agree. However there are today MORE interested people.  

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