Once upon a time, when I bought my first property in 2003, the interest rate I was charged was around 6.75 percent. Just look at the chart below for some idea. Yes, you can also be very alarmed by the property buyers in 1998 when the rate went up to close to 14 percent…. Take a look at the calculation right below this chart on interest rate.
This question is as old as time… Truth is, when everything is exactly the same, of course buy freehold property is better lah! Now, tell me frankly, if everything is the same, then what’s the price of the same property if it’s freehold versus leasehold? Yeah, you are right, the freehold would be more expensive. It could be 10, could be 15, could even be 20 percent higher. This is why your ONLY reason to buy must never be freehold status yeah.
Before I start, I need to remind everyone again that there is really such a thing as “Law of Attraction.” Somehow, we always seem to attract many people who’s just like us. Our friends… our colleagues… our tenants… They are like us! Be good to people, usually they will be good to us too. I give you a real conversation as below with one of my awesome tenant in Kota Kinabalu.
Property Investment 101: Can high interest rate slow down property price increase? It’s more expensive to buy when interest rate is higher I was just
It’s mortgage insurance. Personally, I think we should always protect our loved ones. So, yes, I think this is definitely needed. Or, you are already very heavily insured, then that helps too. All these protection will be needed when something unfortunate happens to us. If it does happen, I would not prefer that my loved ones would have to also all into an unfortunate situation; losing a place to stay too. Let’s look into both and you could then decide which one is more suitable.
Property Investment 101: How governments can encourage property buy Sometimes, intervention is necessary to restart the engine for the property market Governments do not usually
Property Investment 101: When property management does not have enough money to pay water bills
Personal Finance 101: Life expectancy of Malaysians and the thing about not looking at the stars every night Property Investment is NOT needed these days…
I think everyone will be excited when we are moving into our new home sweet home. As I have moved 4 times, I have engaged renovation contractors for 4 times. Some are from ground up, some are just touch ups. However, before we diving into our dream renovation, it’s crucial to conduct a thorough inspection to catch any potential defects.
There are reasons why people think staying in landed homes without any need to pay for maintenance fee is better than staying in condos where they have to pay maintenance fees. Just need to note that landed homes also have lots of maintenance needed, just not in the form of monthly fees yeah. Ever since I bought my first apartment in Penang in 2003, I have been paying maintenance fees without fail since then until today. When I moved to my second home which was a condo, I continued paying maintenance fees.
Perfect Property for me is not waiting until it comes along
Sorry in advance. Siapa makan cili dia rasa pedas. Property price does NOT go up because the market looks to be moving again. Especially when you have bought at a high price because of an amazing sales presentation from the sales person or because of a huge rebate / discount from the developer from their advertised selling price or “that area is super popular mah, sure many people want to buy…”