Buying new property and sub-sale advantages.
Let me start with a story, I was on a business trip to Melaka recently and met a good friend from the real estate industry in a new property sales gallery there.
Then he was telling me that the property market is slow these days but actually the sales are still continuing. He was selling an attractive high-rise project in Melaka currently.
So I concurred and said that it’s very important to look at the job instead of the sentiment when it comes to property investment opportunities.
In additional, today in a slow market, developers are much more willing to offer extra stuffs and selling with lower prices that what they would be selling during good times.
After that, he laughed and agreed. Then he said but you know what, buyers nowadays prefer to buy new units versus sub-sale.
This time I laughed because actually there are reasons for that.
Perhaps we take a look at some differences between buying new property vs sub-sale.
As all my properties are high-rise units, let me share a little more on the perspective of high-rise units.
The list is by no means exhaustive but hopefully it gives a good idea as to the choices available when it comes to both buying directly from the developer or buying from the sub-sale market.
In my property investment journey from my first one in Penang till the home I currently stay in Klang Valley, I am glad to advise that both have their advantages as I have bought both types.
In terms of capital appreciation, the one that gave me the highest return in absolute number was a new property.
Happy viewing and buying. I leave you with a famous property investment quote.
“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.”
Andrew Carnegie – Scottish businessman and philanthropist