What do you think on 2020 & 2021? Property Investment had been a clue to many of us.
Many of us had not experiences this type of pandemic in life where it had been last for 2 years and till now still unknown of the ending….
” Crisis = Opportunity “
Many investor and businessman always look forwards to crisis, this is due to every crisis there is always a good opportunity in life. So right now Still a good time to INVEST Property? The answer is YES. Although it may sound like negative impression but in fact the quest to finding a home never stops! There are actually many opportunities waiting to be seized, as long as proper financial planning is in place and you’re equipped with enough market research & knowledge. But key words,
“Are you in a position of ‘survive’ or ‘thrive’? Crisis is about danger and opportunity. We need to keep ourselves safe from danger, only then we talk about grabbing opportunities especially in Property.
The Key reason to invest a property right now
- Home Ownership Campaign (HOC) : end by 2021
- Lowest interest rate (In average 3-4%)
- Great offer by developer (Never Seen this offer previously)
- Increase in raw material price (Steel & Cement had shoot up more than 20%)
So, with the 4 key advantage mean that you can potentially save thousand, minimum an average of 2% to 3% below market value properties and some might go as high as 10%-15%.
To buy or not to buy a property?
With all the savings and attractive promotions, 2021 is a good year to buy a home. Nevertheless, as property investment is a long-term commitment, you must make sure you have the right financial backing and sufficient funds before deciding to buy a home.
Yes, you should consider buying a property if:
– The Location (Priority point of purchasing a property)
– Knowledge of the property investment
– Financially secure
No, you should not consider buying a property if:
– Due to cash back, discount & etc without market research
– To flip the property in short time.
When Exactly The Property Industry In Malaysia Bounce Back?
That’s a very good question and I will like to know too and also been playing on many people’s minds for a long time! Let’s have a look why it is that the local property industry in Malaysia is so resilient.
Homes are needs, not wants. So, people are either going to need to buy or rent one. The demand for homes is currently suppressed, due to the ongoing crisis period. After we’ve passed that stage though, that’s when the boom in interest will hit the market once more! In Conclusion, be patient if u plan to sell but speed up if you plan to buy.
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