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Category: KL and Selangor Property

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ABCs of Property Investment

One day, all properties will become unaffordable. What happens next?

One day, all properties will become unaffordable. What happens next? Anyone has this thought on their mind? What happens when property prices become higher than ‘severely unaffordable?’ Instead of spending 35% of one’s salary for the home mortgage payment, one has to spend 70% or higher on the monthly mortgage? Instead of having a choice whether to buy nearer and smaller versus bigger and further, now every property ranges from crazy expensive to impossible expensive? What will happen?

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KL and Selangor Property

Overhang units and unsold units. Are they “same same?”

Overhang units and unsold units. Are they “same same?” After residential units have obtained their Certificate of Completion and Compliance (CCC) and Temporary Certificate of Fitness for Occupation (CFO) and they are STILL unsold, they are still classified as unsold units. They will move into the overhang units category after 9 months of the CCC an CFO. So, briefly, overhang residential units is really units which did not receive enough demand from the people! Here’s an earlier article about overhang which is good reading.

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