Property Investment 101: Nowadays, not many are buying properties lah

Property Investment 101: Nowadays not many are buying properties lah

Anyway, these days not many people are buying properties. True?

I am always asked if the property market is still okay all the time. Not sure if my answer should be taken as a cue to buy or to sell because no one can safely say what’s going to happen to the price of the property you are about to buy. This is why I recommend anyone and everyone to always look for the actual numbers and then decide. It’s a decision we have to be responsible for. Whether buy or not buy, that’s our responsibility.

Property investment is far easier than many other types of investment because you could actually touch the property, drive around the neighbourhood and is able to even speak to some real estate negotiators who could provide you with more information too. Here are the reasons I engage them too.

Let’s just look at numbers lah.

The below would be the financial performance of Malaysian public listed property developers. Briefly, this meant that the numbers are audited and they cannot just simply announce whatever they like to announce yeah. Just need to look at 2022 (which is considered a recovery year for Covid) and Q1 2023 which is considered back to normal for a lot of things.

We could see that generally, the numbers are looking positive. In other words, if we still want to insist not many people are buying properties, then we still need to agree that the number of people buying properties remain the same or higher than 2022 when we look at Q1 2023 numbers yeah.

Not many people buying, then surely not many new property launches right?

If no one is buying, it would be suicidal for property developers to launch new projects. Just take a look at new property launches in Kuala Lumpur. This is then followed by Selangor at the bottom. Note the title too. “Increase in New Launches in 1H 2023 – Klang Valley experienced more property launches in 1H2023 compared to 1H 2022.

Let’s now look at actual transactions numbers too

Just for Q3 2023.

Real issue is buying the wrong property as usual

If we invest into the wrong unit trust, it may take a long time to earn meaningful returns, we may miss the boat. For example, buying bond funds when the share market kept rising for the next 2 years. If we invest into the wrong stock in the share market. For example, buying into a hotel stock with all our money and then Covid hits. If we invest into a franchise and within few months after that, the master franchise was investigated and then suspended for irregularities.

Many people are happy with their unit trust returns. Many people love the stock they bought. Many people are having stable income from the franchise which they started. Truth is, when the right investment is done, then the returns would be good. This is no different from property yeah. Buy or no buy is NOT due to market. Buy or no buy should depend on which one is the right one. Cheers.

Please feel free to share this article too. (links are all below) Thank you!

 Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). 

Alternatively, Follow me on Telegram here.

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles.

Else, follow me on Twitter here.