Is it a good time to buy Malaysian property today? Let’s discuss this funny term, ‘good time.’ I am not sure if anyone would like to refer to current volatile stock market and Ringgit as well as falling property markets in terms of transactions as a ‘good time.’ Seriously though, my friends who have a few properties are still buying or viewing properties to buy. As at 2015, I have not bought any but I have ‘poured’ some money into the stock market. Yes, ‘poured’ because I have never had so much money in stock market before. Just have to wait. Coming back to our topic, ‘good time.’ Every strategist or entrepreneur would tell you that it is when there are threats that there are opportunities. If there aren’t any threats, the companies on top would always be top and new companies would never emerge. Life would be so boring right?
Well, in English, there’s a saying that ‘one man’s meat is another’s poison.’ This is so true in everything we do, especially property investment. I just go to know another investor friend who does exactly opposite of what I have been doing. From his, I learnt that perhaps landed can be considered after all since there are still opportunities. From me, he understood why all my purchases has been high-rise and he is thinking of starting with the first high-rise soon. Both of us agreed that during times of slowdown, it is a ‘good time’ for those who are ready. Ready to take calculated risks. Remember, no one knows how long this slowdown could be. That’s why it has to be a calculated risk because we may be wrong!
I seldom believe those analysts who said after 10-12 years of good times, a crisis should happen for everything to clean itself and restart higher growth. I only believe that we should always buy undervalued, whether its property, stocks and even a new pair of leather shoes. (In the month of August, I am wearing a different pair to show my colleague that I really have enough for one month of 20 working days.) It is a good times during the 1998 crisis, especially for those who bought stocks when the index was lower than a water well. Well, everyone forgotten that it’s a well…… so, when the recovery started, those who bought during the ‘bad period’ had a ‘good time.’
Do not ask a developer if they will build cheaper homes. Do not ask an agent if the house you are viewing is worth buying. It’s even funnier to ask your stock broker if the market is low enough to enter. Truth is, none of them would be able to give you an answer you should just believe and do. Perhaps the best question is to ask ourselves, ‘is this a good time for me? since it is now considered a bad time for many.?’ Whatever answer you may have should guide your actions for the next few months or longer or even forever. Happy deciding how long a ‘good time’ would last.
written on 23 Aug 2015
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