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Tuesday, May 10, 2016

Experts share insights on property market in Malaysia

 
Speakers Chris Tan (left) and Dr Choong Kwai Fatt sharing their thoughts to attendees of StarProperty Prime Investment Forum at Nexus, Bangsar South. - RAYMOND OOI/ The Star

PETALING JAYA: Malaysians should start thinking about home ownership before it becomes out of reach, said a property consultant.

Chur Associates founding managing director Chris Tan said property buyers were living in an era of the best home owner protection where incentives and attractive financing plans were provided to genuine home buyers.

“Firstly, one must understand one’s risk profile, metaphorically by setting your investment style either as a hare or tortoise’s pace, as well as any other method that falls in between,” he added.

Tan shared his insights on Malaysia’s agenda of “Housing the Nation” during the StarProperty. my’s Prime Investment Forum 2016 held on Sunday.

Over 400 registrants attended the forum, sponsored by Mah Sing Group Bhd, at Oak Room, Nexus, Bangsar South.

Tan pointed out that “property investment is low-risk and is one of the most important portfolios, even for richer and successful nation groups, as property investment is tangible and is constitutionally guaranteed.”

For first time home buyers, Tan advised that it would be best for each individual to own their very own home, only if they can afford it.

Tan added that property investment was one of the methods to overcome inflation due to property valuation.

Dr Choong: ‘In order to purchase a property, one should first select a developer that has a good track record.’ Advocate and solicitor, tax and GST consultant Dr Choong Kwai Fatt said: “In order to purchase a property, one should first select a developer that has a good track record.

“This is the first assurance of a successful property investment.”

He added that now is the best time to buy a property.

“If the currency drops in value in future, it will be harder to purchase properties.

“Therefore, while the Malaysian currency still holds good value, it is best to invest right away.”

Meanwhile, Mah Sing Group sales and marketing director James A. Bruyns said the company has a range of properties in the northern region and scattered areas in Kuala Lumpur.

In fact, the forum has brought together all Mah Sing’s astounding offerings to property investors, he added.

Among the leading developments presented at the Prime Investment Forum include Ferringhi Residence and SouthBay City in Penang as well as the central region developments, Cerrado residential suites from Southville City in Bangi and Lakeville Residences in Taman Wahyu, Kuala Lumpur.

Bruyns concluded that there wasn’t a good or bad time to invest and if one has the means to invest, they should go ahead and invest.

He said: “Investing in property is a good way to build up the market sentiment especially when people are still investing, where there are good take-up rates as well as good property products.”

By Viknesh Ashley Clarence The Star

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