Buy property first, then wait. Sure or not?

Buy property first, then wait. Sure or not?

There are states which are doing way better than other states when it comes to property price increase. I mean, transactions are aplenty, of course the prices also inch up faster too. Fundamentally however, inflation happens and therefore, everything will increase in price and so do property too. The inputs into property investment will continue to increase, just a matter of how slowly or how small the increment is. Maybe some will take longer, for example the salary of construction workers. Some may be sudden, like some raw materials which are impacted by oil or logistics or technological inputs etc.

Below are all the costs:

Reported in Edgeprop.my: JPPH proposes Housing Price and Cost Control Committee  JPPH outlined the following key components which it says will affect the cost of housing. The items are as follows:

1. Land
2. Premium payments
3. Development charges
4. Infrastructure provisions
5. Contribution to utility providers
6. Building materials
7. Bridging finance and end-financing
8. Insurance
9. Labour
10. Professional fees
11. Developer’s profit margins
12. Marketing techniques or gimmicks
13. Cost of marketing and advertising
14. Developer deposit
15. Compliance with planning approval requirements

Here’s the article for reference again. Edgeprop.my here.

Beyond just the costs however, there’s the seller; landlord or homeowner

I do not know of any homeowner who would be willing to sell his home for lower price than what he / she paid for. I am serious. If there are, they could be very charitable… or maybe financially distressed but generally, everyone will only be willing to sell for a higher price than what they paid for. This is reflected in the below simple image for all the states in Malaysia. It tells us that home prices do not just rise for the few states whom we say are more primed for property investment…