JOHOR BARU: Many will assume Gen-Y and the millennials splurge on pricey material goods and lead an expensive lifestyle.
As such, it is assumed that there would be little demand for property among them.
However, property writer and consultant Khalil Adis said there was hunger among young Malaysians to purchase their first homes. Shelter, after all, falls into the most basic needs of an individual, according to Maslow’s Hierarchy of Needs.
Many Gen-Y’s believe owning a property is simply beyond their reach since the real estate boom, but it is the lack of financial literacy and basic know-how in property investing that stands in the way of calling a place their own.
Therefore, first-time homebuyers should hunt for a property with largest room for capital appreciation.
One of the common mistakes made by young investors is buying and investing in serviced apartments that falls into the commercial category.
These types of developments are liable to be registered for Goods and Services Tax (GST), while the occupants have to pay higher utility charges and tax rates as compared to a residential unit.
To learn more and get up close and personal with Khalil, do drop by The StarProperty.my Fair 2016 held at JB City Square, Level 1, from July 22 to 24, 10am to 10pm, where Khalil will be giving a talk on related issues.
Visitors can take a peek at Mah Sing’s Meridin East, TheMeridin@Medini and Austin V Square; and IJM Land’s Sebana Cove@Pengerang, Austin Duta @ Tebrau-Austin corridor, and NasaCity@Desa Palma.
Other projects in the fair include Tropicana Danga Cove and Tropicana Danga Bay by Tropicana, Ponderosa Woods and Ponderosa Avenue by Rawhide Sdn Bhd, Citywoods by Huayang, Citrine Residences and Emerald Residence by Sunway Iskandar Sdn Bhd, Plumeria Avenue by Udaland, Ion2 by Premier Plus Property and Twin Danga by MB Group.
There are also projects from other regions such as Ion Delemen@Genting Highlands by NCT Group, and other exhibitors such as Gabungan AQRS Bhd, Pulai Spring Resort Bhd, Greenland and BCB Bhd.
Homebuyers at the fair will stand a chance to win prizes worth more than RM10,000.
Do not miss out on this opportunity to learn about the exciting Iskandar Malaysia of today and what it has in store for us.
Other notable speakers include Rachel Lim, Daniele Gambero, Kaygarn Tan, Gregory Low, Sandy Paw and Professor Joe Choo.
Parents are invited to bring their children to participate in the fun and exciting CR8 Robotics Challenge, in which participants from six to seventeen years old will be able to build and programme their own basic robot for a sumo fight challenge.
There will be a few sessions with a maximum limit of 12 participants. Hurry up and complete the free registration online at bit.ly/RobotCompJB to secure a spot.
Admission is free. For more information, visit fair.starproperty.my.
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