Property

Property

Property we are talking here is about real estate property. 

The definition of Real Estate from Wikipedia is "Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings, or housing."

In this blog

In Malaysia, we usually call real estate as Property or House. 

But in this blog, we will use the term "Property"to represent all real estate and house.

Buying a property is not like buying some bags or shares that you can regret and say ''ah.. this one not nice already, maybe just buy a new one." or "Wah! bad news coming out, quickly sell and cut loss."

Property is an asset that require quite substantial cash upfront and cash outflow for years.

So, buy a right property in the first place is important.

Do your own study first

Nowadays in this internet world where your ah gong ah ma also using smartphone/tablet to watch youtube or facebook, there is no excuse that we don't do any study before even consider a property.

These are some common website that I usually visit to have a feel on how the property market or the property itself look like.

• iProperty and PropertyGuru

This 2 website is very common lar, self-explanatory, typical property website in Malaysia that we usually visit. 

I usually visit these two as they are popular with lots of property listing, market price indicative (just indicative) and agent contact, easier way to see ‘feel’ the market.

• Propwall

Something similar with Iproperty and PropertyGuru but Propwall have something different which I personally like - Property Insight. 

In Property insight section, it will have a summary information including the property details, layouts, facilities and the analysis of the project. The information provided there is quite general but the good thing is the way of presenting it is very neat and basically will enable you to have a good grasp of the property information in just a few minutes read.

• PROPCAFE

This is property blog where the blogger is also owner/investors in property market. Most of time their review is very extensive and with a lot of actual site pictures. 

Usually, I will visit this blog after I decided to look into a specific project/property. Their posts are quite lengthy which will take average 15 minutes for me to digest or even finish reading. One thing I like about their review is they will actually tell you what they don’t like about the property. How frequent you see a reviewer will give negative comments right. 

• Brickz

We CANNOT miss this one!

This website will have the historical actual transacted price for property sales. Those price that listed in property websites is just the selling price which what the owner would like to get and that will not represent what’s the real market price. I would think that the actual transacted price is a more representative price for the market value instead of what listed in website. 

Before giving any offer or sign booking form, do check on this website to see what the latest transacted price so to help you make a better decision on the pricing.

Or in another way, when you want to sell your property, this will let you have a feel how much you can actually get back from the property.