The worst thing in owning strata properties in Malaysia as of year 2024 is poor enforcement of law when condo maintenance funds are stolen by management staff or committee members. Strata property CBT is ignored by Malaysia government. Just interview the top 4 forensic audit firms in Malaysia and they will tell you that many embezzlers get away with theft because the PDRM, commissioner of buildings, and LPPEH don't punish the thieves and related wrong-doers i.e. property management agencies without fraud coverage insurance, negligent accounting firms, etc etc, and many condo funds embezzlers actually get off scot free.
Wow, Sean Tan, thank you a ton for sharing your amazing perspectives with us! Your words really got me thinking and inspired me to take on challenges with a fresh mindset. In times of uncertainty, your insights have been like a reassuring guide. Thanks for putting in the time and effort to share your thoughts - it means a lot to me!
Dude I got racun-ed to your channel. Started watching 1 vid and ended up binge watching a ton of your old vids. Dafug! 🤣 On a serious note, am learning alot. Keep it up!
If you can’t live without city centre lifestyle, condo. If you can, gated and guarded landed slightly outside of the city centre. If you don’t mind travelling, a fancier landed house outside of KL. No matter what it is, the value will still appreciate.
at first i was thinking to just rent a condo in bangsar area, and then landlord keep increasing rental every year. then pindah. next landlord also same increasing rental. increase a bit okay la but its not, its like rm2k jump to rm2.5k 🥴. maybe they take advantages thinking we earn a lot. 3 times pindah every 2years. penat laaa. moving cost lg. i dont get the idea renting is better than owning a property. maybe I'm not lucky enough? now i just bought a condo in montkiara. no more headache.
nice to see another pov in renting. I also thought that renting is better but it depends on the landlord. If lucky enough to get good landlord, maybe can nego to reduce rental but seems impossible now
Fantastic sharing Sean! What you shared really opened my eyes and I never thought about it in that perspective before. 20 to 25 years ago vs today is completely different .
There is no room for discussion about renting and owning a house because the Malaysia govt is persuading us to buy a house with so many benefits, most new projects you can purchase with 0% downpayment, and Malaysia houses still cheap if comparing with another country like Thailand, Vietnam, and Indonesia.
Not really. It’s about the intent of renting that’s the difference. Some may rent because they couldn’t afford to buy, or not wanting to buy. But they are investors like myself who rent for the sake of investing more. Our banking system takes housing installment as commitment within the DSR calculation, but when we pay rent for a house to live in, it’s not calculated as commitment. This means by renting we will have an extra slot to use property as a vehicle to build equity.
just remember, when you buy a subsale landed, especially those aged (more than 10 years), everything will need to come with cash. condo is somehow, ready to stay, at the minimum least
So the guard post actually has no right to stop cars enterting those old taman with individual titles right? We dont even need to present our lesen or ic as well, technically, who are they to ask us to present it since those are public roads.
Example given Back then 300k (Assume 20 years back) now 800k for terrace house. That is 2.5x. If my memory recalls correctly 40 years Subang landed was 20k back then and now probably 800k. That is whopping 40x. Apartment has no record for 40 years back and you would argue too specific example if I quote any. Just for a reference some raw land near setia eco was 20 yers ago RM200k per acre, now probably RM2mil ++. If i stretch 40-50 years, those land like RM5k per acre. There is no arguement on the basic fact here that land is superior than landed homes and the last apartment(no land own at all). While you can argue rental ROI etc, yes it is because landed are very highly priced in good location so yield will be much more subpar. Those statistics on appreciation is too averaged out in location and data is probably taken back to less than 20 years from today. My take is landed homes vs apartments is hard to compared apple to apple from ROI. You haven’t got good data on 50year old condo to compare to 50 year old terrace. So whether to buy landed or or aprtment should always boil down to location, price . Both can have good and bad ROI and shouldn’t be generalized.
There was this super rich guy who got his money via this strategy. He would go to a town and buy up 15-30 miles of land at the ends of the main road. That's it.
Hi, look for your video, just great, im a buyer from China, my question is, if I buy a subsale house, and I want to renovate it, who can I ask for help to do the job, as a foreigner, I just have no idea. thanks a lot!
Condo rentals incl maintenence fees which older houses dont need to pay. Assessment fees etc all higher for condos. So ofcos rental is higher to cover these cost.
@uncleseechannel4373 Yes need 😊 but overall I think is still cheaper than the condo which need to maintain swimming pool, gym, landscape, sauna, security, lifts etc. Landed owner have more control on what need to repair etc. Pros and cons so need to evaluate especially on location
@keat-wong that's so true. Condo, you can't control your budget you must pay maintenance fees if fees increase and highest restrictions. That's why malaysia has tons of empty vacant condos..Malaysia good at poor maintenance after few years. Unless you pay rm 3000 to 5000 monthly for maintenance.
Older landed house you will need to use money in one go to fix the stuff. And if your area have those Ronda (they will come door to door to ask if you want to join) you will still need to pay. I don't think "free of fee" is going to last for another 10 years even for older houses. It's just the evolution of how "neighborhood" works.
Great sharing! Never expect this much of information and opinion from you by just listening the first few minutes which is the question haha. Good to hear that the insights about ceiling price and demand of the individual landed property in the future. Thank you Sean!
Why is it in Penang the property agents asks 1% of their agent fee + 6/8% of SST from the buyer? I thought the seller is the one who hires agents to sell their property. Any info on this?
if you settle all paperwork yourself, then no need 1% agent fee...seller agent only settle seller problem...your problem either you do it yourself or agent help u....if you buy something from store, you do pay SST right!
@@whwong01 So the buyer paying commission to agent is not mandatory? Buyer can choose to settle the paperwork themself if they don't need the agent to do it for them?
@@perantis88 Because you don't know how to create job opportunities for people bro. So many Factories and businesses here. Of course they are mainly Chinese dominated and they have their own eco system. But that doesn't mean there is no opportunity.
Hmmm.. the locations you mentioned ss2. If you owned few of them fully and now they value a lot, would you still keep it for another 10-20 years assuming that you said it's hard to sell it off even now? Tq
Is there any worry (concern) for staying at a condo overlooking a shopping mall (building complex) roof? Shopping mall is just infront of my future condominium. It is 5 floors/levels lower than my condo unit. Would the heat from such building roof and aircond chiller create heat that may rise up and flow into my condo? Where would normally their airond chiller installed? at the roof top?
No need to worry, the heat will dispear vertically up. The only thing you might worry about is the noise of the chiller although it just minimal noise sounds
Awesome insights as usual. Like you mentioned before creating generational wealth helps these younger generations when affordabbility at stake. Also noticed developer smart at their pricing strategy based on current economy. Better to own than rent this some projects priced within grasps. In a decade plus, MY towards ageing society plus annual births declining so retirement home or township will be popular? 😅 Only time will tell.
The worst thing in owning strata properties in Malaysia as of year 2024 is poor enforcement of law when condo maintenance funds are stolen by management staff or committee members. Strata property CBT is ignored by Malaysia government. Just interview the top 4 forensic audit firms in Malaysia and they will tell you that many embezzlers get away with theft because the PDRM, commissioner of buildings, and LPPEH don't punish the thieves and related wrong-doers i.e. property management agencies without fraud coverage insurance, negligent accounting firms, etc etc, and many condo funds embezzlers actually get off scot free.
Wow, Sean Tan, thank you a ton for sharing your amazing perspectives with us! Your words really got me thinking and inspired me to take on challenges with a fresh mindset. In times of uncertainty, your insights have been like a reassuring guide. Thanks for putting in the time and effort to share your thoughts - it means a lot to me!
Dude I got racun-ed to your channel. Started watching 1 vid and ended up binge watching a ton of your old vids. Dafug! 🤣
On a serious note, am learning alot. Keep it up!
If you can’t live without city centre lifestyle, condo. If you can, gated and guarded landed slightly outside of the city centre. If you don’t mind travelling, a fancier landed house outside of KL. No matter what it is, the value will still appreciate.
Shah alam do have many landed choices.
at first i was thinking to just rent a condo in bangsar area, and then landlord keep increasing rental every year. then pindah. next landlord also same increasing rental. increase a bit okay la but its not, its like rm2k jump to rm2.5k 🥴. maybe they take advantages thinking we earn a lot. 3 times pindah every 2years. penat laaa. moving cost lg. i dont get the idea renting is better than owning a property. maybe I'm not lucky enough? now i just bought a condo in montkiara. no more headache.
nice to see another pov in renting. I also thought that renting is better but it depends on the landlord. If lucky enough to get good landlord, maybe can nego to reduce rental but seems impossible now
U can afford condo in MK, but can't afford rent? 🤨
In future your turns to play "year-rent-increasing". And you will definitely forgive those landlord that makes you before 😅
Yes i can feel you, my landlord also increase a whopping amount of rental each 2 years for my office.
Renters have their own perks. 😂 I have friends whose families never own house. It's just never on the necessity list.
Fantastic sharing Sean! What you shared really opened my eyes and I never thought about it in that perspective before. 20 to 25 years ago vs today is completely different .
Very insightful and comprehensive talk, I like the way you look at different type of property from different angle.
Thanks for watching. I appreciate the kind words;)
thank you for your insight, very true. Why would i buy 3m old home when can buy shares/etc
I like your way of explaining and your english is good to me. Easy and clear to pick up.
There is no room for discussion about renting and owning a house because the Malaysia govt is persuading us to buy a house with so many benefits, most new projects you can purchase with 0% downpayment, and Malaysia houses still cheap if comparing with another country like Thailand, Vietnam, and Indonesia.
Not really. It’s about the intent of renting that’s the difference. Some may rent because they couldn’t afford to buy, or not wanting to buy. But they are investors like myself who rent for the sake of investing more.
Our banking system takes housing installment as commitment within the DSR calculation, but when we pay rent for a house to live in, it’s not calculated as commitment. This means by renting we will have an extra slot to use property as a vehicle to build equity.
By law 0% down payment is illegal
just remember, when you buy a subsale landed, especially those aged (more than 10 years), everything will need to come with cash. condo is somehow, ready to stay, at the minimum least
If you notice..most upper level of the shop lot has been converted or rather used as dormitory or accomodation for foreign workers..any comment??
So the guard post actually has no right to stop cars enterting those old taman with individual titles right? We dont even need to present our lesen or ic as well, technically, who are they to ask us to present it since those are public roads.
Example given Back then 300k (Assume 20 years back) now 800k for terrace house. That is 2.5x. If my memory recalls correctly 40 years Subang landed was 20k back then and now probably 800k. That is whopping 40x. Apartment has no record for 40 years back and you would argue too specific example if I quote any. Just for a reference some raw land near setia eco was 20 yers ago RM200k per acre, now probably RM2mil ++. If i stretch 40-50 years, those land like RM5k per acre. There is no arguement on the basic fact here that land is superior than landed homes and the last apartment(no land own at all). While you can argue rental ROI etc, yes it is because landed are very highly priced in good location so yield will be much more subpar. Those statistics on appreciation is too averaged out in location and data is probably taken back to less than 20 years from today. My take is landed homes vs apartments is hard to compared apple to apple from ROI. You haven’t got good data on 50year old condo to compare to 50 year old terrace. So whether to buy landed or or aprtment should always boil down to location, price . Both can have good and bad ROI and shouldn’t be generalized.
Pls do a video on Batu Kawan (Penang) setting; Strata landed (Aspen / Eco) vs Condo.
I just came back from Batu Kawan. Stay tuned yea!!
There was this super rich guy who got his money via this strategy. He would go to a town and buy up 15-30 miles of land at the ends of the main road. That's it.
Just wondering how many rolex watch you have??
Hi, look for your video, just great, im a buyer from China, my question is, if I buy a subsale house, and I want to renovate it, who can I ask for help to do the job, as a foreigner, I just have no idea. thanks a lot!
Condo rentals incl maintenence fees which older houses dont need to pay. Assessment fees etc all higher for condos. So ofcos rental is higher to cover these cost.
old landed house no need repaint, fix roof, fix pagar?
@uncleseechannel4373 Yes need 😊 but overall I think is still cheaper than the condo which need to maintain swimming pool, gym, landscape, sauna, security, lifts etc. Landed owner have more control on what need to repair etc. Pros and cons so need to evaluate especially on location
@keat-wong that's so true. Condo, you can't control your budget you must pay maintenance fees if fees increase and highest restrictions. That's why malaysia has tons of empty vacant condos..Malaysia good at poor maintenance after few years. Unless you pay rm 3000 to 5000 monthly for maintenance.
Older landed house you will need to use money in one go to fix the stuff. And if your area have those Ronda (they will come door to door to ask if you want to join) you will still need to pay. I don't think "free of fee" is going to last for another 10 years even for older houses. It's just the evolution of how "neighborhood" works.
Great sharing! Never expect this much of information and opinion from you by just listening the first few minutes which is the question haha. Good to hear that the insights about ceiling price and demand of the individual landed property in the future. Thank you Sean!
Thanks for watching Zheng Yang:)
Quality sharing this. Thank you Sean!
Glad you enjoyed it David:)
Hi Bro. May you share with us your view (investment point of view) for Jernih Residence by Sunway at Kajang
Why is it in Penang the property agents asks 1% of their agent fee + 6/8% of SST from the buyer? I thought the seller is the one who hires agents to sell their property. Any info on this?
if you settle all paperwork yourself, then no need 1% agent fee...seller agent only settle seller problem...your problem either you do it yourself or agent help u....if you buy something from store, you do pay SST right!
@@whwong01 So the buyer paying commission to agent is not mandatory? Buyer can choose to settle the paperwork themself if they don't need the agent to do it for them?
Similar to rental properties, why do tenant and owner need to pay agent commission? When the agent was engaged by the buyer
@@jaypee1879if you uncover this deal via agent at the first place then you need to pay agent fee.
@@jaypee1879 adui I got confused. Engage by owner or seller 😂
Ones tells if you afforded split into two. Get one landed and condo. Then you may enjoy the living way you like.
buy landed and live in second floor, rent out the ground floor.
It's called townhouse @@TheStudio-div
Buy a property in Ipoh instead. There so much of landed property for sale at great prices
Because no one want to live there
Ipoh mostly Leasehold
Nobody will live there, job opportunities almost none, maybe for government servant after retire
@@Jeff-n2n What are u even saying bro. All the Bungalows here are freehold. U can get a 7000 sqft land double story bungalow for less than a million.
@@perantis88 Because you don't know how to create job opportunities for people bro. So many Factories and businesses here. Of course they are mainly Chinese dominated and they have their own eco system. But that doesn't mean there is no opportunity.
Thanks for the video Sean !
Thanks for watching!!
Hmmm.. the locations you mentioned ss2. If you owned few of them fully and now they value a lot, would you still keep it for another 10-20 years assuming that you said it's hard to sell it off even now? Tq
Rent it out. An get od thru your "golden house".
Is there any worry (concern) for staying at a condo overlooking a shopping mall (building complex) roof? Shopping mall is just infront of my future condominium. It is 5 floors/levels lower than my condo unit. Would the heat from such building roof and aircond chiller create heat that may rise up and flow into my condo? Where would normally their airond chiller installed? at the roof top?
No need to worry, the heat will dispear vertically up. The only thing you might worry about is the noise of the chiller although it just minimal noise sounds
Most Singaporeans or Hong Kong would LOVE to own a Landed House!
We would too. But it’s need to be within a convenient location, not just for the sake of a landed:)
Thanks for sharing.
Thanks Sean gor, J Satine owner here ! After VP want to visit ?
It is definitely a propaganda by developer that Landed with strata title is more “value” than individual title.
nice Rolex explorer man
Ouch.. just got pinch of salt that rub into my wound when you mentioned Bukit Beruntung.. still have a factory stuck there 🥲
Awesome insights as usual. Like you mentioned before creating generational wealth helps these younger generations when affordabbility at stake. Also noticed developer smart at their pricing strategy based on current economy. Better to own than rent this some projects priced within grasps. In a decade plus, MY towards ageing society plus annual births declining so retirement home or township will be popular? 😅 Only time will tell.
Landed is always better. Stay on the ground (Solid)
The question is where or not we can afford. It's so obvious impossible the developer cannot see 😂
Good morning Sean!
solid content
Well said!
just get landed if can afford. Period.
Well summaries. Landed in strategic location!!
@@iherng Hi Ng,landed house at Shah alam ss16 is that a good location?
bro.better to invest rolex?
Only if you get allocation by the ADs;)
AD is? Lol
i like this video.
Thanks for watching!!
Bukit Beruntung 🥲
:/
@@iherng Great video! Could you list Top 5 areas in KL where locals prefer to live and Top 5 areas which should be avoided at any cost?
👍
:)
有中文频道吗？我听英文听到很累。。...
这个话题的话我宁愿听英文的。好过中文夹一堆专业词😂
Jiayou