Will the value decrease and loose its competitive edge from affordable and less expensive condos? or go up after 5 years?
2007-01-25 13:27:36 · 11 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ Malaysia
Singapore most probably stable and systematic than Malaysia. However, Malaysia has the competitive edge to it too. Singapore on the contrary is far too crowded, sterile and a bit cramp! Plus it is quite expensive to live and limited land!
A piece of land in Penang and KL is not cheap either. On the top of that you still have to built your own house in which will cost your double or triple for your money!
2007-01-25 14:48:06 · update #1
Landed property is a cool and attractive idea but since the crime rate is increasing, owners have to take extra precautions by putting alarm , gates and etc.
2007-01-25 16:17:15 · update #2
I am not saying that I can afford to buy one, just for my general knowledge and to strike discussions in a property market.
2007-01-26 04:59:45 · update #3
Bycle Repairman: I guess if you have more money you will slag other people so much often, eh?
By the way, most of the richest Chinese in Malaysia dont have to be fluently in English/Malay to make money? Why should I?
2007-01-26 05:02:40 · update #4
As my father told me, one thing that is not being made is more land, he was wrong there, but he was also correct. Yes it will be worth more in 5 years to someone.
2007-01-25 13:38:03 · answer #1 · answered by Anonymous · 2⤊ 0⤋
penang is too high density
buy in KL or the klang valley area...
it you have a cool million, i suggest that (if you still wanna buy a condo) try looking a country heights damansara. it's just 5 mins from IKEA. they're planning to build 'bungalows on air' aka strata properties and currently on bidding phase. armani condominiums in damansara perdana has doubled it's value (also 'bungalows on air' and ALSO a stones throw away from IKEA) within the past 2 years or so...
but really, LANDED property is the best for malaysia. there are lots of new 'lifestyle' residential areas building right now, and it's a gated community with / without fences between homes and it's more for peace and security. places like valencia, sierramas, country heights damansara, eco-park, setia hills, kiaramas etc...
i might not be a real estate agent, but i know one day that if i have a cool million, research has been done in order to purchase a home regardless for investment purposes or for generations to come..
feel free to email me whenever the need arises for another '2nd opinion' (^_^)
2007-01-25 16:13:37 · answer #2 · answered by Arez 3 · 3⤊ 0⤋
Sir,
I would really recommend u to buy Landed Land In KL..
within 5 year of course the price will increase.
However, if u plan to buy condo's .
I recommended u find properties in KL areas.
----
having said that.. most of the properties if u r planning to sell within 5 year i dont think u'll received a lot of profit..
just use it or rent it.. u'll make more money out of it..
i think..
2007-01-26 16:27:27 · answer #3 · answered by azayi1 5 · 2⤊ 0⤋
I have an investment In the Petaling Jaya area that I have been trying to sell. Its suppose to the worth around RM400,000 but if you check the classified ad section, you will see a whole lot of houses for sale (I mean pages after pages).
If you are looking for a investment with lesser risk, I'd take the advise above and try Singapore. Of course RM1,000,000 won't get you a whole lot to begin with.
2007-01-26 10:44:36 · answer #4 · answered by grendeth 5 · 1⤊ 1⤋
If you are a Singaporean, I would advise you to invest in Singapore, Australia or even New Zealand properties rather than Malaysia properties. These countries are more stable.
If you are a Malaysian, you should know your own country better. No matter what, investing with such huge amount is risky and it would be better to seek some professional advise. Moreover nobody knows what will happen tomorrow, whats more in 5 years time.
2007-01-25 13:44:07 · answer #5 · answered by Miyuki 3 · 2⤊ 2⤋
i dont think you 1million ringgit condo in penang will worth after few year...because there is not a golden place for condo... the pollution and the rate of crime at there are increasing so there is not worth to set up a condo with 1 million ringgit...
2007-01-27 00:59:56 · answer #6 · answered by garu88 2 · 1⤊ 0⤋
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2016-10-16 02:57:35 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Nope I know I won't. Condo have little value in Malaysia - my cousin can't sell his condo till date. I think you should invest in New Zealand instead ... the value of their houses there are always going up
2007-01-25 17:40:56 · answer #8 · answered by zirconiag 5 · 2⤊ 0⤋
looks like you have answered your own question. Anyway since you have so much money i would suggest you donate to the poor and give some for charity. Then you will have a home worth more than 1 million in heaven. Think about it. Its better to give than receive.
2007-01-25 20:28:29 · answer #9 · answered by Sarah 5 · 2⤊ 1⤋
Well if you have RM1 million build a “Palace”. You can have your own private pool, ample parking space, own private gym, etc etc…. Why you wana get cramp in a condo with thousand people living in the same building?????
2007-01-25 14:11:56 · answer #10 · answered by Anonymous · 2⤊ 0⤋