\nThe weakening Malaysian ringgit has something to do with it<\/p>\n
Malaysians are advised to buy a residential property before it becomes too expensive, according to local property experts.
The weakening Malaysian ringgit has something to do with it Malaysians are advised to buy...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-13474","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3vk","jetpack-related-posts":[{"id":8128,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-no-doubt-malaysians-still-love-investing-in-real-estate\/","url_meta":{"origin":13474,"position":0},"title":"There\u2019s no doubt \u2013 Malaysians still love investing in real estate","date":"March 16, 2016","format":false,"excerpt":"\r \u201cProperty has consistently outperformed many other asset classes in Malaysia\u201d Kuala Lumpur (Image credit: Traveltamed.com) Despite a massive drop in real estate investments in Malaysia, it has been revealed that investors in the country still prefer to put their money in the property sector. \u201cYear after year, Malaysians continue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-in-4-wealthy-malaysians-interested-in-buying-overseas-property\/","url_meta":{"origin":13474,"position":1},"title":"3 in 4 wealthy Malaysians interested in buying overseas property","date":"April 8, 2016","format":false,"excerpt":"\r Offshore real estate it is Private properties in Singapore Many wealthy Malaysians are keen to purchase an overseas property in the second semester of 2015, with Australia, Singapore, Indonesia and the United Kingdom being the top four investment destinations, according to a study by PropertyGuru. Despite the softer ringgit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-australia-uk-currencies-lure-malaysian-investors\/","url_meta":{"origin":13474,"position":2},"title":"Weak Australia, UK currencies lure Malaysian investors","date":"September 20, 2016","format":false,"excerpt":"\r International education driving residential property investment University of Sydney. Australia is a popular international education destination. JAZZDOG \/ Shutterstock The relative strength of the ringgit against the sterling and the Australian dollar has empowered Malaysian investors to acquire overseas property, according to Jones Lang LaSalle. The Brexit referendum has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-developers-turn-to-foreign-investors\/","url_meta":{"origin":13474,"position":3},"title":"Malaysian developers turn to foreign investors","date":"November 24, 2016","format":false,"excerpt":"\r The big woo-athon for overseas buyers begins A weak ringgit, growing oversupply and slow local sales saw developers courting foreign buyers, sending their agents to road shows abroad to promote their projects. And with China as their biggest market, some agents travel to different Chinese cities on a monthly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-things-to-know-about-the-current-state-of-malaysian-real-estate\/","url_meta":{"origin":13474,"position":4},"title":"4 things to know about the current state of Malaysian real estate","date":"June 15, 2016","format":false,"excerpt":"\r Straight out of PropertyGuru\u2019s Hari Krishnan mouth Malaysia has not been feeling the warmth lately in terms of real estate transactions, thanks to a weakening ringgit and an economic slowdown. Bloomberg TV Malaysia\u2019s Sophie Kamaruddin recently had the opportunity to speak with PropertyGuru\u2019s chief business officer Hari Krishnan about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overwhelming-response-seen-at-malaysia-property-show\/","url_meta":{"origin":13474,"position":5},"title":"Overwhelming response seen at Malaysia Property Show","date":"September 23, 2016","format":false,"excerpt":"\r Singapore-based buyers and investors had the opportunity to interact with Malaysian developers at the show. PropertyGuru\u2019s latest overseas exhibition attracted large crowds who were eager to listen to experts\u2019 opinions and view the luxury properties on offer. by Mindy Chong With mounting concern and speculation about the impact of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/13474"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=13474"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/13474\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=13474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=13474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=13474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nIn a forum organised by The Star, Chur Associates\u2019 founding managing director Chris Tan said it was\u00a0time to get on the housing ladder, given the good rules protecting consumers, as well as the attractive incentives and financing packages offered to genuine home buyers.
\nTax expert Dr Choong Kwai Fatt also agrees that now is an opportune time to purchase a house as the Malaysian ringgit could weaken further.
\n\u201cIf the currency drops in value in future, it will be harder to purchase properties. Therefore, while its still holds good value, it is best to invest right away.\u201d
\nAnother advice he gave to those eyeing home ownership is to purchase from property developers with a good track record.
\nMore: Malaysian GST for commercial sellers and individuals explained
\n\u201cThis is the first assurance of a successful property investment,\u201d he added.
\nMeanwhile, Mah Sing Group\u2019s sales and marketing director James A. Bruyns believes that there is no good or bad time in making a real estate investment.
\n\u201cInvesting in property is a good way to build up the market sentiment especially when people are still investing, where there are good take-up rates as well as good property products.\u201d
\nSo people keen on buying a property should go ahead, provided they have enough cash, he explained.
\nIn agreement, Tan said it\u2019s best for each individual to jump on the property ladder once they can afford it. Furthermore, property investment is one good method to offset inflation as the market value of a home tends to grow over time, he added.
\nThe original article appeared on PropertyGuru.com.my on 11 May 2016.
\n
\nSource : property-report.com
\nRead more…Buy a home while it\u2019s still affordable, experts urge Malaysians<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"