PROPERTIES are a hedge against inflation as their value increases with time, said full-time property investor Kaygarn Tan.
Citing a single-storey house in Island Glades in Penang as example, he said the price doubled from RM78,000 in 1977 to RM158,000 in 1988.
“In 2015, it was priced at RM900,000,” Tan said in his talk titled ‘Creating Wealth Through Property Investment’.
He described the current property market as soft where purchasers hold much of the power in negotiations.
“The people should grab the opportunity as sellers will be more flexible in their pricing,” he added.
Lawyer Khaw Veon Szu, in his talk titled ‘A Landmine-free Roadmap to Property Ownership/Investment’, said buying a property was arguably the biggest investment for ordinary people.
He advised buyers to equip themselves with basic knowledge of property purchasing and trust nobody.
“They should exercise due diligence, especially on the background of lawyers or real estate consultants before they engage their services,” he said.
In another talk, feng shui master Stephen Chin provided feng shui tips on selecting the right home.
The property education talks were brought to the fair by BDB Land.
