Property Hunter Magazine Property Hunter Magazine Issue 53 - April 2014 | Page 43

Conduct Research Before Buying Properties 12 Years Return at 7%, Lodge Residence Showcase in Tawau and Sandakan Property buyers and investors learning from top experts in property at PH Expo 2014; from left; Enoch Khoo, Michael Yeoh, Richard Oon, Ishamel Ho, Faizul Ridzuan and Chris Tan People can still get good buys in the property market today if they are choosy said the author of a bestseller book. Faizul Ridzuan, one of the speakers at the PH Property Expo talk told the audience about how an ordinary worker can invest in properties and make a fortune out of it. “There are a lot of property developments right now and if you are selective, you can find some very good buys,” said the writer of the book WTF (23 properties by 30). The active speaker in the property industry explained that there are very good buys and bad buys in the market, and one has to be careful and do research before purchasing any property. “The most common mistake that people do when it comes to investing or buying property is that they do not do research. Research on location, who is renting the place, is it cheap, and is it within the affordable level, within the area are few factors that need to be looked into,” Faizul said. Some people are saying that it is a bad time to be investing in properties today because it is getting harder to apply for property financing, the number of supply would eventually exceed the number of demand and the prices of properties would drop. However, when asked on the matter, Faizul disagreed and said that the more stringent banks a &P