History teaches us lessons only IF we really want to learn from it. This is also the reason why I always tell people that when it comes to property investment, learn from what has happened and not just hear rumours.
Let’s look at the Total Overhang Units to have an idea how many residential units are actually classified as overhang. Overhang property unit is defined as units that have received their Certificate of Completion and Compliance but remain unsold for more than nine months after launch.
Property News Malaysia? Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). Alternatively, Follow me on Telegram here.
Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.
Next suggested article: Saving money will never be outdated
Real Estate Investment Trust (REIT) is also property investment too.
Holiday Villa news. Property development is always on value creation.
Property market Malaysia. There is little doubt really. The highest property price would have to be WP Kuala Lumpur as it is small and it has the world’s tallest twin towers building; Petronas Twin Towers. Every home which is nearby (within walking distance) and everyone with a spectacular view of the Petronas Twin Towers would have priced in the extra exclusivity into the property price.
Property investment: Climate change will affect valuation
Risky Mortgage is risky to buyers. To all property buyers, please do not try to submit fake information just to get the loan approved yeah. If we do not qualify, we do not qualify. Period. Buy something cheaper. There’s plenty of them. it does not even need to be from the developer. There’s also the sub-sale property market too. Last but not least, take a look at the auction market too.
Without the sales gallery reopening, nothing much happens even if the unit could be viewed by potential customers online via virtual videos for example. Not many people I know would sign on a RM500,000 property just after viewing a video, no matter how awesome the video was. The closure has to depend on whether the sales person could answer my question or not.
It’s not been an easy time for anyone who’s doing short-term rental. Demand does exist but no one could travel for vacation means not many needed accommodation. Thus, it may now be the time that everyone involved in the short-term rental could heave a sigh of relief. More demand will be coming very soon. This is where hosts for Airbnb can ‘restart their engine(s).’
Don’t miss any latest updates on your email
