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Right strategy, Right Choice

“You can never go wrong investing in property as long as you know the strategy,” - Dato’ Sri Gavin Tee.

If we could not identify the correct strategy to kick-start our investment plans, it could cause us to take longer years to achieve the fruitful taste of compounding interests.

In terms of property, investors or home-buyers pick their choice of properties base on their needs and dreams. Be it terrace,flat,condo,bungalow or even a longhouse, what factors can they look for to prevent risk of getting a worthy house?

1) Look at the house developers
Do they have good reputations? Search for their company online. Check their record of qualities. Be alarmed if there are any past cases of delayed handling of key, leaking roofs after a few years, bad air flow designs and more. This is of utmost importance if we are a first time home buyer as we tend to expect a timely delivery of house key and move in. And we sure don't want to pay few hundred thousands and get a leaking roof a few years later. Do the homework first.

2) Location checking
There are some who bought the houses first and asks the agent afterward "why you did not told me about the graveyards nearby? why you did not notify that I could smell the filthy landfills up in the morning? " Do not expect developers and agents to explain everything to you. Start asking when you first looked at the house and they will answer everything you need to know.

Also, well-planned township in locations near to future MRT stations providing accessibility and connectivity with certain hot-spot areas will be a good choice. They attract long term buyer and tenant demand.

Take into account of the area's safety awareness level and facilities of the townships as well.

Especially if you expect the house to appreciate much in the future.

3) Price check on nearby buildings.

Given the current economic climate, it is a buyer’s market. They can look at different locations before deciding which to buy. Thus, developers become very competitive with their project packages and nett prices. As an investor or home-buyer, it is a precious moment to look for good buys in the market now and take advantage of the attractive packages, discounts and other incentives that are being offered. Definitely a must-do if you are looking for a sub-sale property as the market sentiment has already dropped to a quite negative point where people could let go their properties in a cheap price to meet the ends of their financial flow.


During tough times, buyers must focus more on the records and reputations of the developer to deliver the project on time with good satisfaction. It is crucial that they will also be able to follow up with the promises of amenities and facilities as well. A good management of the block will definitely increase the rate of price appreciation as time goes. Make sure that our money does not go to the wrong investment.

W.

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