To buy or to rent?
Wednesday, August 23, 2017
To buy or to rent?
IN MALAYSIA, as in many parts of the world, chasing property ownership is part of the fabric of our society. However, affordable houses at favourable locations don’t come easy.
Many players in the property industry have contended that another wave of property price hike is looming, partly resulting from huge foreign investments and mega infrastructural projects.
With that in mind, the big number of home loan rejections is a sign that many Malaysians are already highly leveraged, while the cost of living has continued to rise.
Under the current market and economic situation, is it wiser to rent or to buy?
In favour of buying
For Henry Wiltshire director Vicky How, the answer is an emphatic no. She maintains the notion that tenants are merely helping the owners pay for their property.
How argues that it only makes sense to rent if the rental fee is so low that it could be offset by positive cash flows from two properties. On top of that, she reckons that the market is in favour of buyers and one cannot wait until they are rich to invest in property.
How, who also invests in properties abroad, says that Malaysia is still the cheapest when owning properties in compared to our neighbours.
“These low prices cannot be sustained as the young population in Malaysia continues to grow. In Malaysia, first-time homebuyers can still obtain 90% loan, while our neighbours only get 80%.
“Moreover, our interest rates are relatively low. In Thailand and Cambodia, the interest rates are hovering above 6%,” she adds.
For Affin Hwang Asset Management head of equity strategies and advisory Gan Eng Peng, one’s objective must be clear when it involves a huge capital outlay.
“Getting caught up and scrambling together with the rest of the market – otherwise known as risk of FOMO (fear of missing out), may lead to irrational investment choices and cause you to take on huge risks that exceed your initial tolerance level.
“We saw this in 2013 and 2014 when there was a mad dash to enter the property market due to attractive financing packages that were available,” he asserted.
However, Gan agreed that it pays to start early when it comes to investing in property.
“For people who plan to live in the unit, biting the bullet and taking the first step always feels like the hardest, but you have to start somewhere.
“For investors, it usually boils down to the location. This is especially true for developments that are in mature locations with good supply-demand dynamics, good connectivity or have existing physical infrastructure and amenities,” he said.
He adds that a key-trend emerging in the property space is Transit-Oriented Development (TOD) which is a type of community-based development with a mixture of housing, office, retail and public transportation.
However, Gan says there is limited room for property prices to trend upwards as income growth is just not proportionate to the increase in property prices seen today.
“According to a report from Savills and Pemandu, property prices between early 2009 and 2014 have increased by 80% on average, which has far outpaced the growth in income levels.
“Malaysia’s gross national income (GNI) per capita stood at RM43,100 (US$10,010) last year – which is behind the World Bank’s benchmark of US$12,275 for developed countries,” Gan explains.
As such, any increase in property prices will be gradual and is unlikely to be as explosive as what we have seen in the last five years.
While property developers are constrained by the rising cost of land, building material and labour to set a lower price for their units, Gan said the developers might instead maintain the existing price with a smaller unit in an attempt to defend their profit margins.
Despite this, he believes that property owners will still gain capital appreciation, but at a gradual pace, due to scarcer land resources, rising cost, income growth and demand from a growing population.
Is renting burning money?
While ‘renting equals to paying for others’ is the prevalent thought, there are some who think differently.
Independent certified financial planner Julian Ng believes that you can arrive at the same wealth by renting cheaply and investing the rest of your funds which could have gone into buying a property.
“The assertion that renting a home is burning money puzzles me because it ignores the fact that the renter can also invest, which will allow the renter to catch up to the wealth level of an owner.
“Online investing platforms that are coming up these days make it very much easier for people to invest like they are billionaires and with very small sums of money. So you can replicate the returns of property or stocks or any other asset class quite easily by buying into a low-cost fund,” Ng argues.
While he acknowledges that there are many issues to consider when deciding between buying a home or renting, Ng insists that both buyers and renters can be asset-rich by investing.
Ng questioned the wisdom behind property experts who insist that you must buy a property now before the next price hike arrives, lest we miss the boat altogether.
“If you are not an individual who has millions of dollars in assets, you should probably focus on the long-term gain and have a diversified investment portfolio.
“A regional or global equity portfolio would do a good enough job of accumulating wealth and give returns that beat inflation, more so than getting your money in and out of assets according to what ‘experts’ are saying,” Ng adds.
He also says the renter-investor is more “liquid” than the property owner who has to deal with the challenges of monetising his property to fund retirement.
Renting as a way of life
We have witnessed the rise of the rent-for-life culture, especially in the West.
However, a philosophical, cultural and lifestyle change may be necessary for Malaysians to adopt this practice.
On the downside, renters are restricted when it comes to home renovation and may face the risk of being kicked out if the landlord wants his property back.
Nevertheless, both Gan and Ng believe that the younger generation may find the option of renting more appealing because they do not want to be tied down by long-standing financial commitments.
“Renting frees you from a lifetime of debt. If you agree with the liberating minimalist philosophy that’s so trendy these days, renting is for you,” says Ng, adding that renting gives people more flexibility and mobility.
Property & Real Estate for Sale Near Taman Bukit Kuda, Klang
Tuesday, August 22, 2017
Property & Real Estate for Sale Near Taman Bukit Kuda,Klang
"Property" Details:
3bedroom + 2bathroom
5th Floor
958sqft
Freehold
Basic unit
3bedroom + 2bathroom
5th Floor
958sqft
Freehold
Basic unit
Good location & nice environment
*Easy to access to:
- "Highway", "Train station", "bus stops" etc
*Nearby amenities:
- "Public school", Clinic, Playground, petrol station & etc
*Near by shops:
- Restaurant, cafe, workshop, convenience stores & etc
*Good for investment or own stay
Asking price: "RM200K"
*Easy to access to:
- "Highway", "Train station", "bus stops" etc
*Nearby amenities:
- "Public school", Clinic, Playground, petrol station & etc
*Near by shops:
- Restaurant, cafe, workshop, convenience stores & etc
*Good for investment or own stay
Asking price: "RM200K"
"Safira Bungalow - Within the Heart of Subang Bestari
Saturday, August 19, 2017
"Safira Bungalow - Within the Heart of Subang Bestari
Safira Bungalows - Easy accessible to & from major
highways & routes.
E.g. Batu Tiga-Sungai Buloh to Shah Alam, Petaling Jaya,
Kelana Jaya, Subang Jaya & PLUS (North-South) Highways.
It is within a convenient distance from Sultan Abdul Aziz
Shah Airport, Primary & Secondary schools, mosque, Retail Outlets, Offices,
Medical Centers & Shopping Malls as well.
Our Friendly & Qualified Negotiators are able to assist
you on any information required & visitng appointments as well.
"Safira Bungalow - Type B Design Layout"
Saturday, August 19, 2017
| Type B |
| Total Built-Up Area: 4,372 SQFT |
| (Ground Floor: 2,479 SQFT, First Floor: 1,892 SQFT) |
| Safira Bungalow | Floor Plan |
Safira Bungalow | Actual Site Gallery
See Also:
1. Safira Bungalow Type A
2. Property Location (Seksyen U5, Shah Alam)
Kindly contact our Negotiator for a visiting appointment & its available pricing.
Safira Bungalow | Actual Site Gallery
See Also:
1. Safira Bungalow Type A
2. Property Location (Seksyen U5, Shah Alam)
Kindly contact our Negotiator for a visiting appointment
& its available pricing.
|
"Safira Bungalow - Type A Design Layout"
Saturday, August 19, 2017
Type A
Total Built-Up Area: 4,354 SQFT
(Ground Floor: 2,457 SQFT, First Floor: 1,896 SQFT)
Safira Bungalow | Floor Plan
 |
Safira Bungalow | Actual Site Gallery
See Also:
1. Safira Bungalow Type B
2. Property Location (Seksyen U5, Shah Alam)
Show unit & brochures are available. Contact us for more
property information & viewing appointment
Pavilion Residences, Bukit Bintang - Various types for Sale/ Rent
Saturday, August 19, 2017
Pavilion Residences, Bukit Bintang - Various types for Sale/ Rent
About this listing
This luxury condominium is situated on top of the Pavilion
Mall Bukit Bintang Kuala Lumpur, the best shopping mall in the City nestled
amongst other high end shopping malls like Starhill, Farenhite and Lot 10.
The space
Please note that we only offer this accommodation on a
minimum of 7 nights rental. Lesser periods are on request only. This is our
private residence and is only available when are not around. We spent a fortune
furnishing the apartment, and we hope that guests can take good care of the
apartment do rung their stay.
This 2000 sq ft apartment is our private holiday home in
Kuala Lumpur, Malaysia and is furnished to the highest standard just like its
our own apartment in London.
Living Room:
The grey L shaped leather sofa and arm chair are imported
from Milan, Italy. We also have a huge 84 inch 3D cinema screen TV complete
with the home theatre kit and Apple TV. For TV we have ASTRO SATELLITE TV
(which is not really great to be honest, but you don't come to KL to watch TV).
The Bedrooms
There are 3 main bedrooms, but guests will only have access
to the two guests bedrooms as the master bedroom will be locked (its my private
space)
We probably have the most comfortable beds on AirBnB. The
mattresses are the best memory foam on the market today, and we use the finest
Egyptian cotton sheets and proper duvet to ensure the best nights sleep.Of course, the bedrooms have their own central aircon unit
as well as a ceiling fan.
Bathroom:
Each bedroom comes with en-suite facilities (showers) and
there is also a guest powder room for the guests.
Cooking facilities:
Typical of any modern Malaysian apartment, there is what
they call the "dry" kitchen - with the island unit and a sink off the
living room. And there is also a "wet" kitchen round the back complete
with a stove and oven etc.
There is also a utility section with a washing machine and
tumble dryer and we also have a dishwasher there too.
Guest access
The building as a gym and a huge 40 meter swimming pool that
is often empty during the day. There is a tennis court and there is a sauna and
jacuzzi too facilities too on the 7th floor recreational area.
Interaction with guests
You will probably not see me (as I will be in London), but
you will meet my brother or parents who will be there to show you the
apartment. Otherwise I am just a phone call away.
The neighborhood
Din’s home is located in Kuala Lumpur, Federal Territory of
Kuala Lumpur, Malaysia.
The Residences is the best apartment unit in Kuala Lumpur at
the moment. The idea of living on top of a shopping mall may appear odd for
some - its is by far the most convenient way to live in the City. Cafes, pubs
and restaurants are literally a lift ride away, you could not be more central
when it comes to staying in KL.
Property Details
Name: Pavilion Residences
Address: Jalan Bukit Bintang, Bukit Bintang, 55100 Kuala
Lumpur
Developer: Urusharta Cemerlang
Completion Date: Early 2009
Type: Condominium
Tenure: {Tenure}
No. of Blocks: 2
No. of Storey: 43 (Tower 1), 50 (Tower 2)
No. of Units: 163 (Tower 1), 205 (Tower 2)
Built-up: 1,057 - 7,174 sf
Layouts
Type A2
2 bedrooms (1,509 sf)
Facilities
5-storey car park
Barbecue area
Gymnasium
Infinity swimming pool
Multipurpose hall
Playground
Reading room
Tennis court
24-hour security surveillance
Business center
Analysis
As known by the local folks in Bukit Bintang, the piece of
12.6 acre land, in which now bear Pavilion Mall KL and Pavilion Residences,
used to be the Bukit Bintang Girl's School facing the existing Starhill
Gallery. How appropriate it seems, girl's school facing shopping centres.
Proudly part of Pavilion Kuala Lumpur, Pavilion Residences is a prestigious
convenience with all the private access to Bond Street style retail and dining
experiences. Bukit Bintang will always be Bukit Bintang. The crammed concrete
jungles has somewhat become a trademark of the Kuala Lumpur. Analogous to its
location, this darling residence is no doubt the shining star in Bukit Bintang.
The gross development value of Pavilion Residences is about
RM860 million, with more than 40% of 205 units in Tower 2 sold. Majority of the
buyers and investors are foreigners and was said that this condominium will be
attracting more than 40% of foreigners from Middle East, Singapore, Hong Kong, Indonesia
and Britain compare to the normal 10% to 15%. When Pavilion Residences was
still in construction, it was said that its concept is somewhat similar to K
Residence; except it being part of Pavilion KL that was expected to be fully
operational and just across the most happening part of town, unlike K Residence
that was built above the extremely quiet Avenue K.
The residential parking entrance and zone at Pavilion
Residences are exclusive and separated from the parking for the hotels and
shopping mall. Each unit is expected to have 2 to 3 parking spaces according to
the unit size. However the luxury condominium, seem to be lacking some
exquisite features that any 6-star condominium should have, one of it is the
private lift. Traveling around this area without having to go through the
massive traffic jam is quite convenient with the trains (Monorail, LRT) and
taxis. If you still want to travel by car, there is not a problem, providing
you don't get out of the house during peak hours.
Pavilion Residences is proved to be a good investment,
especially for those who deal directly with the developer. The launch price
ranged from RM800 up to RM1,000 psf, quite a steal in this area most
definitely. As Tower 2 is opened for sale, the other block may not be placed up
for sale, as there are parties considering on buying it entirely. However, this
has not been confirmed as late. The layouts and design for this residential are
somewhat mysteriously interesting. Among the few penthouse duplexes, there is
one particularly huge mansion penthouse with more than 17,000 sf in size and
cost a whooping RM15 million plus even after discount, and yes, it has been
taken. Early birds enjoyed a 10% discount, about an average of RM900 psf only.
For more detail n viewing appointment please call or whatsapp
Aida Aspire ( REN 23015) -@+60102203565
Aida Aspire ( REN 23015) -@+60102203565
condo for sale
Friday, August 04, 2017condo for sale
Living a life of luxury within the ultimate dream homes
The continual proliferation of condominiums and apartments in Malaysia of late is an impending sign of the robust property market, particularly in the niche market of upscale homes and high-end residences. Premium real estate is nonetheless unaffected by the current property downturn due to the sluggish residential market. Property development is currently abuzz with activity along the southern corridor of Johor, particularly within Iskandar Malaysia. Developers and investors, both locally and abroad, are frantically cashing in on the hype surrounding Medini Iskandar Malaysia – deemed as one of Malaysia’s most robust premier real estate developments to date, with ongoing and upcoming luxury residential projects on the rise.
For more info on this property please call or whatsapp
Aida (REN23015)+6010-220 3565
#aidaaspire
Aida (REN23015)+6010-220 3565
#aidaaspire
The Best of Luxury Living: Top Condos in Malaysia
At the end of the day, it's that single, perfect space that you have the privilege of calling your own.
It's a hidden nook, or even the sumptuously formed refuge that reveals something about how you live and thrive. The place where decadent personal rituals, by nature, become an unsaid part of daily life.
It's the freedom to be yourself in a truly first-rate setting, an impeccably elegant home where inspiration resides in the details.
Conveniently located right to the heart of Kuala Lumpur. More than just a stylish address, it brings together a melding of refined spaces designed to answer your every need.
At this upstanding collection of branded residences and serviced hotel suites, we believe in defining moments. The exemplary architecture and interiors embody this aspiration, creating an ideal backdrop for the extraordinary to happen.
A luxury development located in the heart of Kuala Lumpur.
"At the end of the day, it's that single, perfect space that you have the privilege of calling your own."
With 6% GRR
