ABCs of Property Investment
Is Renting Worth It? The Case for Buying a RM900k Condo
Is Renting Worth It? The Case for Buying a RM900k Condo When the price is really attractive Looking at all the other listings would reveal
Is Renting Worth It? The Case for Buying a RM900k Condo When the price is really attractive Looking at all the other listings would reveal
In Malaysia, selling via the auction route is seen as selling of the desperate home owners. It is viewed as the selling of properties where the owners are already in a financial crisis. Only the banks do it as they took back those properties from the owners who could no longer pay their monthly repayments. That’s why they are put up for auction mah…
Let’s start by looking at the differences in downpayment and also the monthly repayment for different cars. Then, we can see why a car could mean losing a potential property too. We assume everyone below are earning similar incomes and perhaps 10 years after they have started working, they may want to buy a house. In other words, downpayment of 10 percent is needed.
When it comes to the stock market, Insider information can be a legal issue. However, if we like to have some understanding about the property market in advance of any market reports, we could also ask our good friends who are in the industry too. Whatever transactions they could close would be reflected in the numbers maybe 3 months later. When market is hot, total transactions increase and our real estate negotiator friends would be the first to feel this. Somehow it seems there were more buyers. Somehow buyers were more willing to proceed with the deal faster versus thinking and waiting.
My first investment / property buy was a partially renovated unit. The owner wanted to sell and move to the first floor of his new shophouse. I wanted to buy versus renting a place. I was getting married and my father-in-law reminded me to OWN a unit versus renting. That was way back in the year 2002. By buying a partially renovated unit, I saved a lot of money. Of course, I must also be willing to accept all that has been done yeah.
Sometimes, it is very hard to determine for sure about the personality or even the behavior of the tenant. Maybe they were good and after they have started, they could turn into someone else. Luckily for me, my tenants have been good to me. However, the below condo unit owner may not have it as smooth as me. Police arrested the tenants and the charge was none other than ‘growing ganja plants.’
Still think JB property market is lifeless? Still equating JB property market with the empty units in Forest City? Still believe all the bad news, bad news and bad news? Maybe can read news about actual property transactions and price movements too. As per report, Johor’s property market has a stronger price growth versus Selangor, Kuala Lumpur and Penang. I know, this is also because Johor has been a laggard since it has ‘negative’ stamped on it.
My good friend, Ken is the founder for both penangpropertytalk.com and also klpropertytalk.com. He told me one exciting new feature which he has just enabled for everyone. In my personal opinion as a property investor, it is very important to know the market price before we buy. Let’s look at the transacted prices before we decide whether to buy or not. There’s really no need to pay way higher than what the market transactions are happening.
It’s important to assist civil servants to own a place because this will help ensure they have a comfortable life after retirement. How many civil servants want to continue paying for a place to stay or worse still, paying for a room to stay after they retire? Thus, it’s important to help them purchase a home. There are many affordable homes scheme but sometimes, the downpayment could be an issue. So, any help is always good for the civil servants too. LPPSA is able to give 100 percent loan. When they do not need to worry about having a place to stay, then of course they could also do their best for us the public too.
Strata home owners who refuse to pay the management fee. How bad can it be? Just let it be and forget about it since nothing could be done to force the owner to pay the management fees? Well, it’s totally not true. In fact in the worse case scenario the owner could even be jailed! This is after their belongings have been auctioned off and it’s still not enough to cover the management fee… Yes, imprisoned for up to three years. Read more details here:
The above refers to the population. Thus, if these are the population statistics for districts, then these districts would also be known as aging districts too. Frankly, I have heard of Ipoh being the town of retirees and someone mentioned the other day that Taiping has more retirees than Ipoh. Well, both these were not mentioned in the Emerging Aging Districts presented by PropertyGuru during its Future Built 2025 summit which happened on 30th October.
You can move directly into his very insightful article (below) by a good friend whom I used to have coffee occasionally some years back. Perhaps these days he’s too busy, I am too busy and thus we have not met for some years. However, I have to say that his writing ability is top-notch and he has that uncanny ability to share insights in a simple way. Recently, he wrote this insightful piece which I think every Malaysian professional wanting to know where he is where wealth is concerned should read.