Selvaraj RK

WILL PROPERTY PRICE DROP?

While driving back home after work last week, I came across an interesting topic in one of our national radio station. Its about property price. A caller complained to the radio DJ that the property prices are too high, and he is unable to get one for himself.

He asked, when property price will drop?

I bought my first property back in 2006. Todate the property price has only gone up. And i never came across any property that dropped its value.

There are many reasons that influence the property price. To name a few, land scarcity, supply and demand factor, job hotspots, infrastructure, amenities, connectivity and many more.

So instead of complaining.. create more oppurtunities to own a home. Increase income to afford higher loan and payment. Be smart, look for good deals either in primary or subsale market.

Hope you will be a property owner in 2023! All the best.

HIGH RISK = HIGH RETURN???

Is it really true that all high risk investments equals to high return?

The actual truth is, high risk is POTENTIAL to make high return. But not necessarily provide high profit.

If you ‘accidently’ enter into a high risk scam, then you may loose everything. Or even you invest in a legit high risk investment, its the same story.

So high risk = high return is over rated.

Be wise when it comes to investment. It takes years to build up savings but can vanish in a matter of days if you invest in the wrong tool or product.

Importantly, equip with knowledge and information. As I always mentioned, learn before earn. Leverage on others expertise.

Personally, I rather invest in low and medium risk investments to provide a stable return from medium to long term.

Protect your capital first.

Agree?

ARE MALLS STILL A BOOSTER FOR PROPERTY INVESTMENT?

There are 2 malls nearby where I am living. One I would say a neighbourhood mall. No much shops apart from a supermarket.

The other one sligthly bigger, where there are shops, reataurants and also a supermarket.

For my daily groceries, I would rather go to the smaller marts. Its easy access and I could get things done faster.

So did I bought a house here because of the mall?

Definitely no. It is just good to have.

If I could rank my preferred booster, this is the list.

1. MRT or LRT station
2. A good school
3. Medical centers
4. Petrol stations
5. Then probably a mall

Banks are no more a booster. I rarely visit a branch to do my banking stuff nowdays. The most is to withdraw, so I just need an ATM for this.