In this episode, we will answer an email from Robin regarding defect check before getting vacant possession for his unit.  The first response is NO. 

It would not be possible for developers to entertain all request to check for defects first before they proceed with the other furnishings. It would just be do too much coordination and administration work. The only time you can see and check the unit is when the developer wants you to.  

Another variable would be the agreement between you and the developer on the furnishing packages that you have purchased. Some may start work on the fully furnished elements after you take the keys and hand it back to the customers, then wait another 3-6 months. Some will straight away handover a fully furnished unit to the purchaser. Thus, it differs from one agreement to another.  

For more questions regarding property, kindly email me at [email protected] and I will try to answer as many as possible=)

In this episode, we will address a question from YK regarding his concerns about the pandemic affecting property handovers. And will the HDA protect consumers?   

My answer is YES. It will definitely affect construction progress from several perspectives. It will affect the availability of materials, especially those that we import from China and this has been happening since last year. Next it will affect the workforce and human capital. Since no work can be executed at site, these workers will not have any wages as most of them are paid daily. Their so called boss will also not have any cash to pay them. This greatly affects sub-cons such as plumbers, tile layers, gardeners and etc. Most of them would not have the financial capability to weather this pandemic storm.   For project which still have around 2-3 years before handover , I think the developer will still have time to catch up. But for those that are about to handover this year, definitely there will be a delay. I would expect a 1 month appeal by the developer to buyers since no work can be carried out, where I think it's totally logical.   My greatest concern is the pandemic become a convenient excuse to appeal for an extension.

In this episode, we will discuss about whether Eugene should invest his 2nd property in Johor Bahru along with his girlfriend. 

My suggestion would be not at the moment. The data suggests that apartment in Johor Bahru are just oversupply, which affects the return on investment as tenants has the upper hand in negotiation. Unless the surrounding rental rates suggest otherwise. 

If you're having lots of cash, and to get an apartment is a way of diversification, that makes sense. But the fact that he intents to share with the GF somewhat suggests that they need to join name to be entitled for the loan. Sharing a property with either girlfriend or boyfriend is just to risky as it involves too much emotions. Hence I strongly discourage.

In this episode, we answered a question from Dunstan regarding his struggling in selling his house in Kuching.  

A few suggestions I made would be to first determine what is the motivation of selling? Is it from a financial perspective? This will influence most of the decision.  

Second, then to have a better commission for agents or to engage more of them.  

Last would be to stage the property. A fresh coat of paint would make a lot of difference.

Link for consultation for your Makeover: https://www.themakeover.my/cost-estimate  

In this episode, we answer a question from Mugan regarding his consideration of purchasing The Birch located in Jalan Ipoh. My suggestions to him would be to go through the 4 basic steps that I share a lot in this channel.   

Also, I've suggested to him to wait a little while more before committing to this because things will kinda get ugly after RMO is lifted. Many may lose their job, financial situation might turn sour and etc. The uncertainties are quite high so just wait for a little bit.

Today we will be addressing a question by Wan today regarding bumi lots. This has been one of those super confusing, non-definitive topics as it varies from state to state. Hence, I tried my best to answer and provide some context for this topic.  For those who has some question regarding real estate, do email me at [email protected] and I'll try to answer as many as possible.

In this period, it's zero viewing and appointments for a month. And the following months would be challenging as well. Therefore, for those who can sustain this period, I would strongly recommend to build up your own personal brand to fully leverage on this window opportunity.  As the normal practise is to just sell, sell, and sell. Branding has always been perceived merely as 'cost' and it's never been the priorities of agents and agencies. "Why do when I can still sell?" But the thing is nobody likes to be sold. Hence, it's important to position yourself differently in the market. And the easiest way is to first provide value to your customers without anything in return. Be the location expert of the location that you're focusing on. Then to put out all these info online, if not you do not exist at all.  Hence, I encourage you guys to leverage on this RMO period and start doing today!!

The Prime Minister has just announced another 14 days extension to the Movement Restriction period. Also, he mentioned about the Moratorium where all loan installments of house will be pushed back for 6 months in order to help the situation.  Many people would be affected by the lock down, some may be wiped up, lose their job, pay cut and etc. So today's question is basically divided into 2:  1. Would you want to opt out from the Moratorium?  2. Should you provide waiver of rental to your tenant since your installment is free?  Let me know what you guys think and I definitely look forward to your responses=)

In this episode, we will discuss about few things:  

1. Should you settle your first housing loan before getting another one?  

2. Can you sell your house without a strata title?  

3. There is no right or wrong investment portfolio as it depends on what's your risk appetite and your investment strategy.  

For any further question regarding real estate, kindly email me at [email protected]

My team were rushing this new website out to help property investors. Do check it out: https://www.themakeover.my/duduk2020 

Hope everyone is healthy during this movement restriction period and I'm here checking in. After being stuck in the house for 7 days now, I've realised a few things that I thought of sharing with you guys.  The first thing would be the way we evaluate a property for own stay is different. After being stuck at home for so many days, I've realised how much we will cherish if there's a facility deck, landscape garden, and etc. The difference of living on a landed versus a highrise now is apparent.  We will have a different approach towards a 500sqft unit in the CBD versus a 1600 sqft terrace house now . This situation highlights the difference between evaluating a building for ownstay compared to investment.  Also I've discussed about risk appetite and how much money we should have as a safety nest egg. As many business owners are suffering right now, not everyone's employment are secured and if one of the couple loses their job, their property would be the first to go.  Besides, the comparison between real estate and property, and my take on the matter are discussed in this episode. I just wish everyone the best in this extreme period. Take care=)