Property experts enlighten investors on property market.
Over 400 registrants showed up at the recent Prime Investment Forum held at the Oak Room, Nexus in Bangsar South.
The attendees of the event were of those concerned about the state of the Malaysian property market. The forum was held by StarProperty,my, sponsored by Mah Sing Group Bhd.
Some of the Mah Sing developments presented at the Prime Investment Forum included Ferringhi Residence and SouthBay City in Penang. Central region developments were Cerrado residential suites from Southville City in Bangi and Lakeville Residences in Taman Wahyu, Kuala Lumpur.
“We have a range of properties in the northern region and scattered areas in Kuala Lumpur. The forum has brought together all of our astounding offerings to property investors,” said Mah Sing Group Bhd sales and marketing director James A. Bruyns.
Bruyns commented that there isn’t a good or bad time to invest and if one has the means to invest, one should go ahead. He added, “Investing in property is a good way to also build up the market sentiment, especially when people are still investing, where there are good take up rates as well as good property products.”
Advocate and solicitor, tax and GST consultant Dr Choong Kwai Fatt commented that “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.
Chur Associates founding managing director Chris Tan stressed that property buyers are living in the era of the best home owner protection possible, where incentives and attractive financing plans are provided to genuine homebuyers.
Tan added, “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.”
As for first-time homebuyers, Tan advises that it is always best for each individual to own their very own home, only if they can afford it. Tan added that property investment is one of the methods to overcome inflation due to property appreciation.
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