Property360Digest E-MAGAZINE Property360Digest Issue 9 | Page 53

Property360Digest e-magazine Issue # 9 - 2021

Home ownership is an exciting experience and one that should be enjoyed , but the excitement can quickly turn to frustration if we don ’ t know all the ins and outs of purchasing a home . Don ’ t learn the hard way — do your research ! Remember , sellers often make mistakes too ! You need to be able to discover these mistakes from a buyer ’ s perspective . This could help you in negotiating and give you an advantage when talking with the sellers .

Here are some things you may want to consider :

Keith Ooi , Deputy Managing Director of Knight Frank Malaysia , said , “ It is no surprise that logistics was the clear winner as the preferred sector to continue to do well in 2H2021 . The logistics industry in Malaysia has been growing steadily in recent years due to higher e-commerce penetration rate . This , coupled with the structural shift towards omnichannel retailing , has led to an increase in demand for modern warehousing space to meet the surge in last mile delivery .

Prime logistics asset values are expected to rise further over the near term underpinned by strong growth in the e- commerce market and again , with interest rate staying low in the foreseeable future , yields are expected to remain at low levels , Keith added packages at the moment . Your other must pays are probably absorbed too with the current HOC and other initiatives . Renovations can actually be kept at a minimal because it is SPANKING NEW !!!

You may not need to do any renovations to live comfortably in the house , but even if you just need to spend that extra dollar to tell yourself that you have bought a home – your reno cost shouldn ’ t be more than RM20 to RM50,000 . In today ’ s market – most new developments come with state of the art security features and infrastructures too . This simply means that you are getting the latest in the market without paying extra for them .

Personally to me , the top of the list would be the fact that buying a new house means that you do not have to live with somebody else ’ s toe nails – you know what I mean ? No one lived there before and you do not need to think about what they did and where in the house .