This Week In Malaysia Property (Ending July 19th, 2013)

maybank-logoMaybank released a report based on qualitative surveys of some 27 potential home buyers as well as selected developers and agents at a property expo with these conclusions: demand remains strong for sub- RM1 million properties sized 1,500 sq ft and below. Interviews with industry professionals also confirmed that there is significant pickup in home sales after the general election. More information here. Also, with the escalation of property prices in the city, there has been much focus on suburban areas especially in the southern Klang Valley – south of Puchong (the Sierra area comes to mind), Putrajaya / Cyberjaya and Semenyih. The Edge on Sunday published an analysis on the prospects of Rawang as “the next Puchong” – not online yet at the website but has been widely discussed at the forums with some scans of the article available.

New Property Highlights. Mah Sing’s Meridin Suites Residences’ Tower B will be unveiled over this coming weekend – coverage by GoodPlace is here. South View Residence just off the Federal Highway will be launched in August (details here). More properties to be launched this weekend: the last phase of Sunway Cassia in Penang and Tribeca in its show gallery on Jalan Imbi (contact 012-2490022). Along the perimeter of the Tun Razak Exchange, Tribeca is well within the walking distance to the KLCC enclave. We shall wait for reviews on our sister site KLCCcondominiums.com.my 🙂

Views & Opinions. An article on AsiaOne on how Malaysians are struggling to own property – (almost) every word rings true, and it is indeed troubling. Also, the new loan limit is making it tough for first time home buyers as reported by The Star here. Curbs on Bank Negara are supposed to stop price escalation and reduce speculation – but it looks like young, genuine home buyers might be the ones who are getting affected the most.

Good Reads. Christopher Tan at StarProperty wrote a piece on how to extend your lease for leasehold properties which you can read here. The “leasehold vs freehold” debate is rather polarizing; we at GoodPlace are of the opinion that it shouldn’t matter much at least for the first ten years of the property (see our Homebuying Guide 101). Elsewhere, Sharon Vornholt posted a concise piece on how to be a successful real estate investor – worth a read here.

Remember to sign up for the GoodPlace Digest (GPD) for a weekly summary of the most newsworthy items on Malaysia property. Use the signup form on the right.

About Khai Yin

When I am not writing for GoodPlace.my and helping my readers find properties though the DealMatcher service, I spend time doting on my three kids: Wenyi, Qinyi and Eian. My personal stuff, some published essays and contact details can be found at khaiyin.com

Comments

  1. Oh, please don’t publish the comment; was trying to email you. Thanks and cheers.

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