Property Market Malaysia: Transactions, Launches and Overhang Trends Transactions Volume Trend 2018 – 2022 Transactions Volume should show an increasing trend. We could see that
Property news: Without a home, then it’s homeless Since I have written many times why property is compulsory, today let’s take a rest and just
Property News Malaysia: Reinstate Home Ownership Campaign HOC, do you stil remember this word? Home Ownership Campaign (HOC) was a government initiative to drive home
Property not as hot as investors think according to a research house I agree and I hope it’s not hot as well (I am not
Property Investment 101: No property may mean poverty Every time someones tells me how hard it is to buy a property, I would ask why.
I love properties because I could touch it. I will always remember vividly the first time ever I bought a property. It’s a small 730 sq ft apartment but I felt so proud. My wife felt so proud too. Haha. Now, whether property investment is the best or not, I have no idea yeah. I am invested in the stock market which I also love. I have been investing into mutual funds for a very long time and is a ‘Gold status member’ (go think which brand).
Me: Yea, coz that extra patch of grassy land will be priced into the house price. That’s why semi-detached home is definitely more expensive than a terrace home but the actual built-up does not necesarily reflect the same yeah. Sometimes, the double-storey terrace may have a bigger built up than a semi-detached unit or it may be almost the same too. Developer will not give that extra piece of land to you for free yeah. They could actually use the land to build more units too.
If we intend to buy a property, we need to save some money every day, every week, every month and probably for a few years. While the aim is the first 10 percent downpayment, that is actually not enough. There are stamp duty to be paid (click here to read) and there is also the legal fees to be paid. Here’s a bad news for property buyers. The legal fee is increasing and it has already started to be in effect starting 15th July 2023. How much is the increase? There’s a nice infographic in Article in thestar.com.my
Every time people asked me about buying a unit and renting it out, I will ask them many questions. Most of the time, they did not know that renting out the unit is really not as simple as just renting out the unit. Some examples? Daily rental? Monthly rental? Sub-divide the units for more rooms? Who’s the target market? Are they students? Private university students? Local university students? Are they office people? Are they foreign workers?
During my sharing, I also mentioned this statement: “Property Investment 101: “Renting may be a trend but it’s forever, not just 30 years.” I reminded everyone that in many advanced countries, the lack of property is the cause of poverty. The reason is simple, people never could stop paying rental and it keeps coming month after month. Unfortunately the salary does not come month after month once we are no longer capable to work full time.
Actually the line which attracted me in the article was the final line. It says, “A public housing unit was resold for a record S$1.5 million (US$1.1 million) in June.” Wow… S$1.5 million for a public housing unit yeah. I checked with my good friend in Singapore and she said this is applicable only to the units in great location and superb views too. Nevertheless, I am very sure her unit would become 7 figures in the future, if not yet for now.
At the same time, a few of my friends posted in the Facebook about their success as a real estate negotiator; winning awards three years in a row etc. Let me understand this. The only way they can get some award(s) is because they have sold many properties. Does this also tell us that they have sold many properties which is below market price then? I have no answer. 😛 However, we look at some numbers from official stats from National Property Information Centre (NAPIC) which is Ministry of Finance’s valuation and property services department