Category: Basics – Property Investment
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Using ‘bad debts’ to buy ‘good debts’?
Everyone tells us that we must always aim for good debts. Property mortgage is considered a good debt that everyone must have. This is very true. However, if you have to borrow ‘new’ money instead of own savings in order to buy a property, how can this be a good debt? You have no money…
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Perhaps marketing is getting more sophisticated.
Remember a few weeks ago during Chinese New Year, many developers were trying to outdo each other with their television advertisement? Read here: Emerging Trend or Desperation? Actually, 2015 is the first time I see so many developers advertising at the same period. To understand if this an emerging trend, we have to look at 2016 Chinese…
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Why debts are a necessity for you and me
Can companies grow without debts? That’s an interesting question I believe. Actually, every company would have to take on debts. You may ask what about those companies where the funds came from the parents? Haha. Debts which you do NOT need to pay back is still a form of debt. The term gearing ratio is…
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Well meant advice or it’s just tough to get a perfect property?
I remember the first time I told my parents that I was going to buy a property. Their first question was, can you afford one? I was only a junior executive then, can’t blame them. Second question was the location that I was buying. They stay in a very good area in Ipoh. Third question…
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I could not afford a house, yet.
In an article by quite a famous online news site, it gave many reasons why many middle and low income earners could not afford a property. One major reason was because of the fast price increases in Malaysia for the past few years. In fact, many are postponing their house buying plans and save money…
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RM800 per month, enough to live on?
The answer is a pretty certain, NO. Not even a single person whom you ask today would say yes but if you do not have much expenses and house is fully paid for plus you do not fall sick all the time, RM800 can still allow you to live a very frugal life in a…
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Selling property with ambassadors, does it work?
Maybe six months ago, I got to know of a local developer with a project in a secondary town in Malaysia using ambassadors to sell its high-rise properties. The result was not good because even when my friend told me about the ambassador, I had to ask, ‘who is she?’ Can ambassador really sell a…
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Buy property now or buy later, which is riskier?
This article was first published in Property Insight magazine February 2015 issue. When I bought my first property 12 years ago, it was the toughest, both financially and mentally. Financially because both my wife and I have only worked for 5 years and our savings are not high plus both of us have never read…
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Honestly, is ONE property enough today?
The first time I told my parents that I was buying my second property, their first remark was, ‘is there any problem with your current home?’ That was many years ago. Their understanding of a property is that of a home sweet home. Simple right. You save, you buy, you stay and if can, let…