Hi. If I am buying for my own long term stay, I wouldn’t really bother about the capital growth in that area. As long as I like it, I will just buy it.

As a REN, I normally will share with my clients on this:
Own stay - Get all of those who are going to stay in the house to go along and view the property, location, environment, and everyone to agree that it is the best place for them

Investment - Capital growth, potential income, and many other factors that potentially going to influence the price and rental as main considerations before buying

And to add more on your question, there are few reason why there’s negative capital growth too.

1. Old neighbourhood where the capital growth is past its peak and starts to drop or stagnant due to the property getting older.
2. New development next to property which offer better options
3. Developments of the area is slower than expected
4. Current market situation which is slower
5. Other reasons.


Hope this help.

High rise normally will drop in price due to aging and it's old and without strata title, then the situation even worse. However, there are also cases where a well maintained building will still sees a small increase despite it being old. As for landed, while it will continue to increase as long as the tenure valid, it also depends on the location, development in the area too and other factors.

True. Some banks refrain from offering loan to property without strata too if it's over 10 years.

Any time when you are financially and mentally ready is a good time.

But buying mow means
1. HOC benefits
2. Lower interest rates
3. Better packages offered by developer.

But of cos, performing due diligence is very important.
Developer’s background, development plan for the area, and for property investing purposes, there’s even more to look into. For own stay, as long as you and your family member are happy with the location, project environment and the unit itself, then it should fine.

For capital appreciation, it’s definitely will increase BUT there might be a drop too since KL is a matured area. And if it’s a high rise, then the chances of the price getting stagnant or even drop in the far future is even higher due to the wear and tear of the property and also the management of the property. Just a point to consider.

Thanks. I joined the real estate industry few years back as a total noob back then. And it's difficult to find someone who willing to share their knowledge especially if you are not buying from them. So when I decided to start this thread, I hope can help more people, especially first time home buyer who sometimes quite clueless on where to start.

Sometimes the info might not be as accurate as it should be, hence I really hope everyone reading will still make the effort to look for more information elsewhere before jumping in.

Hi. Actually it depends on the property too. If it’s still under master title, then your lawyer will first need to get the developer’s consent first. Once your lawyer get the consent then only the 3 months start counting. If it’s already under strata or individual title, then it will faster, providing there’s no delay from any party.

And just for your information, a lot of people thought the job is done when all documents signed, but in actual fact, that’s when the real works start. All the chasing and running around to get things done within the timeline ..

Glad to be able to help even a bit. All the best!

Merry Christmas to All and thank you for your participation, feedbacks and positive comments in the thread.

Information are not meant to be keep, it should be share to everyone so we can learn and grow to be a better person.

Let’s hope for a better year next year. I will be continue to provide rightful, unbiased, accurate information to anyone who needs it.

And I apologise if some of my comments might cause any discomfort to you. Will strive to improve my way of replying too.

Thank you again for the positiveness In 2020 despite a not so good year.

Hi.

In KK, the practice is pretty simple.

During first contact (phone call in), we normally ask how many people staying, their occupation amd if they are local or from outstation. Will also explain the required payment.

If tenant ok, before we schedule for a viewing, we will check with owner if they feel comfortable with the tenant profile. If yes then proceed for viewing. If no then call tenant to reject.

During viewing, normally those small talks will let help to get to know more about tenant. From there, will gather information and update owners on tenant profile, I’m the event tenant decided to rent the property. Owner to decided based on his after thought .

Any specific reason why you keen to appoint a surveyor? Anyway, here’s the list of surveyors you can find

https://rism.org.my/professional-listing-rism/

Oh. Maybe you try this instead..

http://architectcentre.com.my/ac/p3.asp?id=7

glad it help...

I assumed that it's gated and guarded residential project? Hence the maintenance fees.

As for the fees amount, i think in west malaysia they started to calculate per parcel. If you have any lawyer friends who specializing in conveyancing can try ask also.. else, maybe any REN here can help to explain? Im not based there hence there might be differences in practice.

No. Having huge savings is a plus as bank can ask u to convert to FD if necessary but bank loan approval will based on your monthly income and your DSR (debt service ratio).

which country you are working in now? You can PM if you want it to be discreet.

Definitely there will be impact on property transaction. Not sure if all the land offices will be open during this period, but even if it's open, it will be minimal staff and also by appointment only.

yes. surely got delay

Hi. Yes. You can do so. Just let your banker know the amount of loan you want to take.

Let say for RM800K property, your 90% loan is RM720K. If you want to make another RM150K, means the loan amount u taking from bank is only RM570K. Just let your banker know will do .

But do take into consideration that you will still need to pay for the management deposits upon VP in the future for strata properties. (If applicable). Renovation fees, furniture purchases, etc. Do make sure you keep some cash too

This post has been edited by YeohKW: Jan 21 2021, 11:44 PM

I’m sorry I am unable to provide any information this time round since it’s out of my expertise. Hopefully someone else able to provide suitable information for you .

Hi. Can i know more about FAMA? Before i answer your questions? Thanks