Have you done a video elaborating in detail the methods to move beyond the 2 slots of DSR? Also keen to know what's the best strategy - which loan to clear first? The refinanced one or the latest loan provided I have the excess cash to repay?
Just to let those who are interested in co-living, be careful as well. It is not always as sweet as it sounds. The problem with co-living is competition. If the operator has many unit, you will have to compete with other landlord. Many times, your unit may not fully occupied. In addition, you need to invest quite a lot to make your unit co-living ready. Easily 30-40k. But if your unit has no co-living operator, you may have to do it yourself or find an agent to do it. I have one unit doing co-living and another unit do room rental with private operator. My co-living has been there for about 2 years++ and only recently it is fully occupied.
Hi, since we are living in Covid era, may I know do the average loan approval rate for freelancer / property or insurance agents / related self-employed to buy house, remains much difficult to get approval with stricter profile requirements? If yes, then in current and near future, these self-employed would be in bigger challenge in terms of getting loan?
Sarawak house have a good capital appreciation if you are staying not far from town. So far all my properties within Sarawak already double or almost triple the price around 10 years. As long as don’t have too much oversupply is fine.
That's amazing Edna. But just kinda worried for the young Sarawakians because it's just beyond affordability. Hopefully the state government will somewhat build some affordable housing schemes.
Come on, Sean, the honest reason why capital appreciation is difficult to achieve there in Malaysia is directly related to supply and demand. Too much supply of condos overhang or coming online vs demand. Why would anyone buy your old, tired condo when there is a new development down the road where the developer is begging you to buy with incentives? Landed properties are relatively fewer in numbers with way higher demand so sure can be a hot market.
Well there are still examples of landed property dropping in prices. Also examples where apartments increase in price. So yes, supply and demand would be the easiest answer but it has a lot to do with cooling measures, zonings, architecture and etc. Thanks for sharing anyway=)
@@iherng That wasn't the point or the question. I am not surprised some landed are also falling here in Malaysia. But, my general point that supply and demand is the root overall cause for scarce examples of capital appreciation is valid and you have to admit you are not exactly objective.
there's nothing wrong with sean's answer. in a way you can also consider government setting the condition for developers to build affordable homes in their project as one of the cooling measures. exactly what the goal is about, deterring property speculators and making it affordable for everyone. if your purchase intention is not for own stay, then you have to up your game (sean has already provided a lot of the points to follow)
@@axzae OMG, let's not kid ourselves. The Malaysia housing market is not Singapore. You wish. Too many people have bought into Malaysia thinking or hoping their properties will appreciate some and frankly it has not happened. Way more people have loss on their purchases than gained. Sean, while he can provide some good information is still in the pockets of the developers. Tell me, how many of Sean's reviews say point blank do not buy?He does not represent the average Joe. I do. I say, average Joe, do not buy in Malaysia unless it is truly a special property (say on the coast) or is in an exceptional location.
@vwchan841 I kinda agree with you, gone were the days where you are able to 2X your properties within 5 years. Not only because of supply and demand, but also gov is highly active in monitoring the pricing of properties recently. Everyone have to be very careful in purchasing properties, although I agree that it is an essential wealth preservation tool in the long run, but it will be ultra high risk for the average Joe who thinks of purchasing multiple properties in the short term. Think about probability of profits in the area you are thinking of investing properties in.. Moreover we need to consider cashflow for the next 5 years( to avoid RPGT), what about Reno costs? it'll take you years to retrieve back the costs of Reno, that is if you even make positive cashflow monthly .
Have you done a video elaborating in detail the methods to move beyond the 2 slots of DSR? Also keen to know what's the best strategy - which loan to clear first? The refinanced one or the latest loan provided I have the excess cash to repay?
wow, i remember when you only have 30k subscribers, now 70k. keep it up dude. get that 100k youtube frame!
That's the plan Sas !! I appreciate the encouragement=)
Just to let those who are interested in co-living, be careful as well. It is not always as sweet as it sounds. The problem with co-living is competition. If the operator has many unit, you will have to compete with other landlord. Many times, your unit may not fully occupied. In addition, you need to invest quite a lot to make your unit co-living ready. Easily 30-40k. But if your unit has no co-living operator, you may have to do it yourself or find an agent to do it. I have one unit doing co-living and another unit do room rental with private operator. My co-living has been there for about 2 years++ and only recently it is fully occupied.
Hi, since we are living in Covid era, may I know do the average loan approval rate for freelancer / property or insurance agents / related self-employed to buy house, remains much difficult to get approval with stricter profile requirements?
If yes, then in current and near future, these self-employed would be in bigger challenge in terms of getting loan?
Hi Exragon, I made a full mortgage series about it. Do check it out : th-cam.com/video/fFdh_UIMs0A/w-d-xo.html
Just sold off my condo brought 6 years ago at loss. Fantastic location (sg besi) but no appreciation and bad rental income.
It's alright EL. Let's focus on the next one.
Thanks for sharing!
Hi Sean, when you mean different finance facilities, do you mean non-banks financing?
Yupe. But currently it's just this insurance company that provides such facilities=)
you consider lucky able to cut lost, i tried for 5 years to cut lost for my 2nd property.
Oowh, that's a different perspective. Appreciate it Led.
Sarawak house have a good capital appreciation if you are staying not far from town. So far all my properties within Sarawak already double or almost triple the price around 10 years. As long as don’t have too much oversupply is fine.
That's amazing Edna. But just kinda worried for the young Sarawakians because it's just beyond affordability. Hopefully the state government will somewhat build some affordable housing schemes.
Sorry to hear stories like these. Hope all turns out well for Randy and family 🤲🏽
I hope so too!! Thanks for watching!!
Come on, Sean, the honest reason why capital appreciation is difficult to achieve there in Malaysia is directly related to supply and demand. Too much supply of condos overhang or coming online vs demand. Why would anyone buy your old, tired condo when there is a new development down the road where the developer is begging you to buy with incentives? Landed properties are relatively fewer in numbers with way higher demand so sure can be a hot market.
Well there are still examples of landed property dropping in prices. Also examples where apartments increase in price. So yes, supply and demand would be the easiest answer but it has a lot to do with cooling measures, zonings, architecture and etc. Thanks for sharing anyway=)
@@iherng That wasn't the point or the question. I am not surprised some landed are also falling here in Malaysia. But, my general point that supply and demand is the root overall cause for scarce examples of capital appreciation is valid and you have to admit you are not exactly objective.
there's nothing wrong with sean's answer. in a way you can also consider government setting the condition for developers to build affordable homes in their project as one of the cooling measures. exactly what the goal is about, deterring property speculators and making it affordable for everyone. if your purchase intention is not for own stay, then you have to up your game (sean has already provided a lot of the points to follow)
@@axzae OMG, let's not kid ourselves. The Malaysia housing market is not Singapore. You wish. Too many people have bought into Malaysia thinking or hoping their properties will appreciate some and frankly it has not happened. Way more people have loss on their purchases than gained. Sean, while he can provide some good information is still in the pockets of the developers. Tell me, how many of Sean's reviews say point blank do not buy?He does not represent the average Joe. I do. I say, average Joe, do not buy in Malaysia unless it is truly a special property (say on the coast) or is in an exceptional location.
@vwchan841 I kinda agree with you, gone were the days where you are able to 2X your properties within 5 years. Not only because of supply and demand, but also gov is highly active in monitoring the pricing of properties recently. Everyone have to be very careful in purchasing properties, although I agree that it is an essential wealth preservation tool in the long run, but it will be ultra high risk for the average Joe who thinks of purchasing multiple properties in the short term. Think about probability of profits in the area you are thinking of investing properties in.. Moreover we need to consider cashflow for the next 5 years( to avoid RPGT), what about Reno costs? it'll take you years to retrieve back the costs of Reno, that is if you even make positive cashflow monthly
.