In this episode, we will address a question regarding a property that this audience couldn't sell despite putting in effort.  First of all, what's the asking price and latest transacted price? What you can find on property portals are asking prices, and those are not necessarily the actual transacted price. I suggested to check out brickz.my for the latest transacted price for their particular property.  Next would be to reduce down time by renting out the unit. Since it's passed down by her mom, all rental will be positive cashflow for the siblings.  For her own house, I've suggested her to check out The Makeover Guys for our latest launch of Simplicity. It's a new line to address affordability.

In this episode, we will check out a question from a young engineering student. He wish to take over his father's development business and how should he go about it?  In Malaysia property development companies, CEO are mainly candidates with engineering degrees. Hence, he is in the right path. But in his free time, he should check out more properties just to gain experience and market insights. After his graduation, I suggested to attach himself to a public listed to get exposure and experience of the entire process of development.  From sourcing of land, engagement of consultants, conducting tender processes, marketing, branding and etc. There's just so much to learn in this career but developer are more of 'generalist', instead of a 'specialist' which contradicts with his education.  After the education, he needs to focus on people management skills, financial knowledge and sales.

In this episode, we will address a question from a young lady regarding her being stuck in a situation. She bought a landed terrace house she regretted after listening to her relatives and now she is asking how she can move forward.  She also shared her insight after living in an individual landed terrace home which was worst than she ever imagined. She just can't wait to move out into her initial decision, a soho unit for both her career and ownstay.  Exciting stuff!!

In this episode, Jenas asked whether can the developer not build a certain wall in the house she bought since she wants to tear down the wall later. It saves time and money for both parties.  The answer is NO. The developer cannot do that before handing over the unit to her because they are legally tied to the building plans that they submitted. And in the agreed SPA, the floor plans are exactly the same as the approved building plans drawings. Hence, it means it would be a breach of contact if the developer build one wall less.  Also, developers would not want to have customization to every single unit. Just imagine 300 different unit owners customizing their floor plans during construction... that will cause a lot of confusion and communication work between the developer and the main contractors.

In this episode, we will address a question regarding the type of property suitable for retirement.  The audience wish to retire in Malaysia and he was wondering how can he look for the property that he likes, and which type of property would suit a retirement lifestyle.  Well, my response would be to filter and shortlist the choices via property portals before I am able to advice which apartment is suitable. Also, retirement lifestyle differs in accordance to individual. But I'll recommend to stay in a strata development for the peace of mind.

In this episode, I've shared about the 3 main consideration while trying to furnish your own property.  Time, design sense, and budget will be the 3 main considerations while deciding between getting an ID designer, contractor or doing-it-yourself.  If budget is not a problem and you like customization for your own space, then get an ID designer to service you and provide you with their professional advise.  For wet works (works that involves cement or pipings), it's good to get a contractor to help you. But in this relationship, you'll need to be dominant and verbal in your design inputs.  Last of all would be to DIY. Most often the time, people do not take into consideration for the time and efforts that they need to put in themselves. Weekends, day-offs, lunch times between work will be spent just to sort out deliveries or supervise certain works done at home.

In this episode, I've shared about the 3 main consideration while trying to furnish your own property.  Time, design sense, and budget will be the 3 main considerations while deciding between getting an ID designer, contractor or doing-it-yourself.  If budget is not a problem and you like customization for your own space, then get an ID designer to service you and provide you with their professional advise.  For wet works (works that involves cement or pipings), it's good to get a contractor to help you. But in this relationship, you'll need to be dominant and verbal in your design inputs.  Last of all would be to DIY. Most often the time, people do not take into consideration for the time and efforts that they need to put in themselves. Weekends, day-offs, lunch times between work will be spent just to sort out deliveries or supervise certain works done at home.

In this episode, we will address a question from Kota Kinabalu, Sabah.  Based on data and experience, the investment strategy will be different in accordance to different locations. For eg: Properties in the Klang Valley generally will have a higher rental yield in comparison to those in other states just because the high population that leads to high demand for space.  However, in states that are more tourism oriented such as Malacca, Penang, Kota Kinabalu and Johor, the game plan for properties revolves around Airbnb. But in the current covid situation, please stay away from those as they are badly affected by it.  Hence I've explained the investment strategy that I would explore if I'm in Kota Kinabalu but I'll always welcome them to invest in KL=)

In this episode, we will address a question regarding selling property at a loss.  This audience is facing some difficulties to sell the property, and now he is considering to sell below his buying price. My take is first to rent out his current unit, either the entire unit to a tenant, or to divide them and subletting out the room individually. Although that might require more work but the return will be higher. If capital is a problem, I would suggest to utilize the zero interest installments available on e-commerce websites to furnish up those rooms to attract tenants.  Next would be to sort out the tenure of financing. I suspect that this audience might not maximize the tenure, hence he's facing some financial difficulty on making ends meet. If the intention is to get another unit for own stay, selling the property currently at a loss will not help the situation also.

In this episode, we will address a DM regarding dual key and what I think about it.  For any development, there are 3 main factors that determines the form of the building. Land shape, plot ratio/density and the car park requirements are the main consideration and boundary to how a particular high rise is shaped and the number of units per floor layout.  Dual key came about as a solution to address the problem for big units. They are difficult to sell, expensive, and often ended up as overhang products. So by dividing the unit into two in terms of function, not ownership, it added lots of possibility to the large units. Rentability also increase as the audience for your tenant also became more. Now instead of only large families, a dual key can be rented out to bachelors + medium family, one large family, own stay + rental, airbnb both and many more possibilities.