GEN-Y, WILL YOU BUY & INVEST PROPERTY IN 2014?

Many GenY in my office are looking to buy their first home. They say wait next year. How about you? Are you planning to buy in 2014?

I want to hear from Gen Y themselves... not so many Gen X here trying to stress their points.

I belong to Gen Y (still less than 26 years old). So many people around my age have just started to buy a car or some paying off the car loan.

They also want to buy a home and settle down. Should they wait in 2014?

This post has been edited by accetera: Sep 10 2013, 04:58 PM

- Gen Y thinks Damansara, Bangsar, Mont'Kiara, Subang Jaya as most desirable locations for home.

- Gen Y normally update their facebook status when buying a new property or when house warming at their new home.

- Gen Y thinks work is very mobile today, hence you don't need to buy a home if you cannot even afford lifestyle, i.e. cinema, friend-parties, AirAsia, We Love Asia, etc.

- Gen Y believes that property will bubble one day because the structural affairs in Malaysia is too corrupted to allow sustainability.

- Gen Y believes their parents could have helped them to buy first property to give them a headstart.

- Gen Y will do all they can to date as many boy or girl friends.

- Gen Y do invest alot in lifestyle propositions judging from how they makedo their hair.

This post has been edited by accetera: Sep 10 2013, 05:25 PM

As mentioned, I'm Gen Y and co-founder of PTLM and blogger at Patchay.Com. About 150+ property threads here are started by me. LOL

First off, I'm an employee in accounting line. Not a realty agent as many would have thought so.

In accounting line rat race, you are rather more passive and conservative in investments. But not me, as I've used some savings to buy properties using the incentives that are available. Currently having two that are under construction. The first bought towards the end of my 2nd year at work which is 2011. Both in PJ.

Not a flipper but an investor that believes property investment is part of financial planning that can supplement the employee income. Yea, buy properties that are rentable and that you think > your instalment. Do not over leverage.

Please live a wonderful life and do not put all money in investments. Have a life too! And yea, I'm single and available...

This post has been edited by accetera: Sep 10 2013, 11:37 PM

my threads normally come in the morning, lunch time or evening times...

Got female supporters from this forum too.

OK back to topic please...

PTLM
https://www.facebook.com/groups/115179435202482/

Gen Y alot cannot afford subsale...

Now that the Budget 2014 is over, will Gen Y go out to get a home to stay or they will stay out of property for the next year?

Well, if you need to stay, by no mean, get your reasoanably priced home.

Born 1980s onwards...

Wow seems alot of successful GEN Y here....

I'm Gen Y version 2.0 (means >1987 onwards).

Property buyers to return in 1H14, says CIMB
By Charlotte Chong of theedgemalaysia.com
Thursday, 12 December 2013 12:46
http://www.theedgeproperty.com/news-a-views/11996.html


KUALA LUMPUR: While it believes buying appetite will return to the real estate market in the first half of next year (1H14), CIMB Research continues to be cautious on commercial properties given the existing glut in office space.

CIMB Research analyst Terence Wong said in a report that occupancy for commercial properties in the Klang Valley stood at around 80%. “The situation can deteriorate if significant new supplies come onstream, particularly with the development of numerous mega projects by the government.”

Wong said the harsh measures introduced in Budget 2014 to curb speculation in the property market have caused buyers to take a pause. However, he expects the buying appetite to return in 1H14 on the back of robust demand for residential properties, amid concerns of inflationary pressure from the implementation of the goods and services tax (GST).

The impact of the policy changes by the authorities, though negative in the short term, should be positive over the longer term, as they will help remove froth from segments of the market, he said.

In July, Bank Negara Malaysia capped the maximum housing loan tenure to 35 years instead of 45 years.

Under Budget 2014, the government also raised the real property gains tax and put a stop to the developers’ interest bearing scheme (DIBS). It also increased the minimum purchase price of properties for foreigners from RM500,000 to RM1 million.

“We believe that buying interest should progressively return in 1H14 as potential house buyers come to the realisation that property prices are unlikely to fall and that potential inflationary pressure from the implementation of the GST in April 2015 could push up property prices further.”

According to CIMB Research, buying interest should progressively return in 1H14 as potential house buyers come to the realisation that property prices are unlikely to fall.

CIMB Research has maintained its “overweight” call on the property sector, picking Mah Sing Group Bhd as its preferred property counter, as well as UEM Sunrise Bhd for having the best exposure to Iskandar Malaysia in Johor.

The research firm changed its rating on Mah Sing from “outperform” to “add”.

“Mah Sing remains our top pick for the property sector, with its robust earnings growth, strong sales and active land banking being the potential rerating catalysts,” said Wong.

He said despite the property cooling measures, Mah Sing’s sales should sustain in the fourth quarter of its financial year 2013 ending Dec 31 as its new flagship township, the RM5.13 billion Southville project in Bangi, has already been launched and is enjoying strong interest.

“We believe that Mah Sing will be able to weather any slowdown well as most of its projects do not offer DIBS.”

Wong added that the company should be able to achieve its financial target as its landbanking efforts in 2013 have been strong. During the year, it acquired five pieces of land (three in the Klang Valley and one each in Johor and Sabah) costing RM841 million, with potential gross development value of RM8.9 billion.


This article first appeared in The Edge Financial Daily, on December 12, 2013.

Huh? Only Vios can kau ah moi ared? I dono man, my ah moi need at least VW Golf

Just asking, MyVi can kau lui onot?

Are we ready for 2014 New Property Launches?

Spamming alert...

People are still buying, but Loan is much more tougher now.