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 How are you preparing for the future?, Market and Ecomonic gloom

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knwong
post Sep 24 2025, 08:54 AM

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Those handyman work only get paid well in countries like Australia, UK, USA

Passive income is the best. Like properties. Buy at good location.
knwong
post Sep 24 2025, 09:21 AM

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QUOTE(gnc88 @ Sep 24 2025, 09:11 AM)
This. Count yourself lucky no ABSD.. unlike us in SG, gets hit with 20%/30% tax for 2nd prop.
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Still have high RPGT...if you sell early
knwong
post Sep 24 2025, 11:07 PM

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QUOTE(DoomCognition @ Sep 24 2025, 10:28 PM)
Property in Malaysia is dead. Unlikely will revive anymore with the current demographics. Just a money pit.
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Just buy at good location

Myself I’m doing quite ok
knwong
post Sep 24 2025, 11:35 PM

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QUOTE(DoomCognition @ Sep 24 2025, 11:16 PM)
Which location can give yields above 5% now? Can choose any location with price from 2015 onwards. If you buy before 2011, then understandable.
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I bought a few during Covid direct from developer. They were desperate so throw in huge discount

One of it I calculate my yield is 10.8% based on my low purchase price. House price also already increase 80%. Few months ago saw a property agent promote same neighbour unit upstairs and my jaw dropped when I saw the asking price. I won’t sell despite many agent cold calling. Will hold it for long
knwong
post Sep 25 2025, 10:31 AM

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QUOTE(DoomCognition @ Sep 25 2025, 10:05 AM)
What you say is definitely a very big exception. Compared to Covid times, there are some appreciation, but compared to Pre-Covid, it is still the same at best. At least for areas that I am looking at.

For your purchases, really one of the rare ones. Industry trend definitely does not show that.
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I also own properties that doesn't do well. Based on my experience dealing with properties I can share some lessons learnt and best practise:

1. Buy only at good location, even though they are very expensive. LOCATION, LOCATION, LOCATION mantra is never wrong. Even during COVID time, after I collect my key the very next day I advertise it in Mudah (not a popular portal) - I still get 3 random calls from property agents in a day!

2. If you can get reliable cleaner go for short term let like Airbnb rather than yearly rent. Much higher yield because you charge daily rate

3. Target expatriates. I raised the rate so high that it filter out local peasants (sorry). Those that inquire and book generally the tenant profile are good. They are cleaner and can take care of your property very well. Some even check-in with their OWN MAID. Knowing that it gave me assurance that the unit will be well kept

 

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