Each Challenge Lies Opportunities

Even the 90s have seen the hard effect of economy slowdown in this few years where many struggles to meet their ends. This is clearly proven when people start to work for more than one job (or joining lots of money game) just to squeeze more juice out of their nuts.

Young Malaysian that starts to get out of their comfort zone and work will begin to hunt for suitable property as their first home. There are always queries by property buyers of when will be the best time to purchase a property. We always try to haul things best when it is in a big discount. What if I tell you that the property market is cheap now?

For some people out there that is worried about the possible economy meltdown in the next GE election or due to Trump's administration, you could be correct, but even catastrophe happens, everyone still need foods and shelters right? The temporary downturn will be reversed as the economy cycle is always on the run.  Truth is, even you kept the money instead of investing in property, just in case of economy breakdown, the currency will most probably crash as well, causing your RM 100 to be worth like RM10 in that situation ( which explains inflation as well.)

It could be quite risky if you might not be able to pay the mortgage on time, but have you ever thought that if the economy is stable and you got your 9-5 job working out smoothly for 10 years, will the property price be the same as now? Will your salary increase be able to cover the price hike? Will population of the world increase? Does it affect the price change of the property markets?
Remember, taking no risk at all is the highest risk.

Properties are a double-edged sword where it can cut and harm you, but it can also make you wealthy effortlessly. There are people who took the opportunities and bought certain stocks or properties in Penang Island and just live their life quietly as usual, until 10 years later they become millionaires out of the air. (as seen by some people)

"Knowledge is power and if we mastered such intelligence, anytime is a good time to purchase properties. Property investment is a long-term game, and investing into long-term markets will guarantee you great returns."
- Dato’ Sri Gavin Tee, the founder and president of SwhengTee International Real Estate Investors Club and the director of AGV Consulting Sdn.Bhd

Study, Learn and start Investing!

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Property prices might reached the bottom.

"Continuing to help Malaysians make more informed property decisions, PropertyGuru, the leading online property portal, launched its proprietary ‘PropertyGuru Market Index’ (PMI) exclusively for Malaysia today. PMI is a comprehensive, insightful quarterly overview of home pricing trends at a nationwide level, as well as the key property markets of Kuala Lumpur, Selangor, Johor and Penang." 

Starting from June, they launched this PMI system to allow us commoners to check the median prices and compare whether we are buying expensive property or not easily. As PropertyGuru can be considered as one of the largest real estate market in Malaysia, it is able to collect and analyse loads of information provided by buyers and sellers.
The surveys and reports done by them are much more trustable and they are able to deliver min-depth insights to all Malaysian home seekers.


The index serves as a great knowledge asset and trend indicator to all consumers helping them make informed property decisions. PMI is available to the public at:
http://www.propertyguru.com.my/marketindex

Judging by the figure shown above, property market prices has been declining since years ago until 2017 which seem that it comes to a steady state. This would be one of the sign that the price has already reached the bottom and could start increasing anytime soon. 

Also from the news at PropertyGuru, Kuala Lumpur, Selangor and Johor registered upward price movements with increases of 0.3 percent, 0.3 percent and 3.4 percent respectively. As for Penang,it’s index showed a decline in property prices by 0.7 percent– largely attributed to a reduction in prices and a tapered supply.

Just to be sincere, we shouldn't try to time the market for the best time to buy in. Fork out a sum of money and start paying the mortgage for a house. Believe me, with the exponentially-increasing world population, the property prices are going up by hook or by crook. Sooner or later Penang will be following the steps of Hong Kong where their land can be pricier than the golds. At the end of your mortgage years later, you will be thanking yourself for making this decision earlier. 

If you're looking for a property in Penang, might as well check out the new condo projects that are having a promotion right now!
[Urban Suites] and [Golden Triangle 2]

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Golden Triangle 2 , Relau

[ Golden Triangle 2 ]

Howdy everyone , new project in Relau, Penang. *A hustle and bustle of the big city
Although this area is sometimes a bit slow with the traffic, it could means the area is growing steadily so as your house price isn't it? Lets not look at the bad side of everything and look at this new awesome deal in Penang!

[Agent's Perspective]

The block is going to be built side by side of Golden Triangle 1 with commercial shoplots in a few floors below. Construction starts May-July 2017 and expected to complete in 2021.

Location
- A strategic location sitting by the mountain and facing the sea. (sunrise view as it faces the PISA/sPice arena.)
- Close to public university of Penang which is USM and also to the international school of INTI.
- Several food courts are available within few minutes away
- Near the route to penang airport

Unit attractions
- 38 storey high residential suites that comes with two sizes : 1163sqft and 1238 sqft.
- New attraction of having a sky garden on every floor [Which shows you the greens each time the lift opens]
- Three tier security [ Security guards with card scanning access to carpark and lift ]
- Low maintenance sinking fund of RM0.18 per sqft (which makes up to ~ 2xx / month)
- 2 carparks are given for each unit!
- Few floors of commercial shoplots are right below your house, land appreciation is going to be awesome!

Payment
- Low booking fee of RM5,000 only
- Priced 5xxK onwards
- Free SPA and Loan fees ( but excludes stamping duty)

[Investor's Perspective]

Well this is definitely an awesome choice for families that would be expecting their children to study at local universities such as USM and Inti. Just avoid going out on peak hours alright.

Although it is priced at 5xxK for now, it actually offers a rebate of 50k to the purchase price ( which mean the final price after calculating everything in)

And also an Interest Subsidy of 20k in terms of voucher form ( which you can use to pay off part of your loan, it is going to be given in two building stages with 10k each)

Now thats 70k off the price we bought the unit, whats more to the spice?

Freebies that comes with the unit!
Developer will give you another two units of air-conditioning with inverter, and they will also help you put it up on the house with concealed piping!
Thats probably going to cost us around 2k if we do it ourselves. (not including the setup fees yet)

Tinted windows and window frames, shoe racks and FLOOR TILES are provided as in showroom!
Now the tiles are important factor too, could be quite costy if you do-it-yourself.

The bad side? Hustle and bustle. Good for someone who enjoys the city liveliness though.
Traffic jams are quite common in the peak hours. Could be quite pricey compared to available condo projects in Penang Island right now. Each have their own reasoning for their price though.


Last but not least, do leave your comment or send me your details ( name, phone number) if you are interested to get to know more about it! I am both a real estate agent and investor as well.

If you want to be anonymous, just use the google form  here !

Kindly remind me if there are any mistakes or copyright infringement. Thank you.
*Photos obtained from GT2 Brochures

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