Property Hunter Magazine Property Hunter Magazine Issue 54 - May 2014 | Page 60

/// Contributor Below are two pictures representing a sad but true situation in the Malaysian past housing trend, when… “diedie must be landed”. I do not think these images need any comment as are already showing quite clearly where we are heading unless the new vertical trend will start becoming, as it appears it is, predominant in the market. Type of Product and Where, the New Trend and the New Hot Spot It all comes to wallet size and depth. What I mean is, let’s have a look at where most of the future purchasers will go and what they will be looking for. We have already said it above: the future is high-rise. Let me just add that a good mix of medium and high will most probably be the future scenario in the market. Where to buy is directly determined by the budget you have but, if you want to listen to a bit of wise advise, I would buy in areas with future development and not in fully developed and mature areas. This will surely allow finding more affordable values, wider choice, very good ROI and attractive capital gain. Have a look at what happened in Puchong and what is happening in Serdang, Seri Kembangan, Kajang, Bangi and Seremban just to mention few. Not later than 5 years ago you could still find properties at less than RM200.00 psf in all the areas above while today values are all above the RM350.00 psf up to a whopping RM600.00/800.00 psf of the more “exclusive” Puchong or Seri Kembangan. Moving towards these areas will also allow an “easier” search as offer is much more diversified and, talking about ease of renting,