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Friday, August 21, 2015

PROPERTY INVESTMENT IS FOR EVERYONE.


According to report released by The Valuation & Property Services Department and the Ministry of Finance for year 2014, the property market recorded a total 384,060 transaction worth RM162.97 billion. Report by Mundi Index, “ Malaysia Demographics Profile 2014, 41.2% of the total Malaysia population are from the age of 25 to 54 in which has the total of 12,392,000 million people. By the look of it , only 3.09% of these possible working, income drawing Malaysian are buying properties.

The beauty of Malaysia is, we have a diversified type of property and prices range to choose from. From a simple flat that cost RM80,000 right up to the price tag of  hundred of millions.

As an investor, there are a simple formula to follow for the success of investing in property. First of all, the investor must be able to display a high level of dedication in their level of saving what we call the “first basket of gold”.

Once this little saving that be achieve, buy only those property that can be bought with that amount of money saved, ignore temptation of looking at others that out of your budget. Most of the time, what you had and can buy does not mean what you like or want. You might be disappointed by what you can afford and put off buying to a near future when you had save more. Try to stick to your plan and start again the saving process once you pen down your first purchase. The future for an investor is buying more.

Find the property nearer to you for easy management. With our hectic and busy lifestyle, good management is very important to the investor morale and spirit. If the first investment is easy and breezy, the investor will be motivated to continue investing. If the property is nearer to you, it make it easy for the investor to collect rent, take a look at the property , arrange for repair or arranging for viewing to propestive tenant.

So, if you are the 96.91% of propestive investors, hurry, save and invest ! Don’t missed out on the best investment portfolio in your lifetime …. Invest in property around you.