Six things FTHBs should look at before buying a property
Copyright by Knight Frank
I think Knight Frank Malaysia's social media marketing on LinkedIn is usually very good. Their real estate agents have mastered the art of the soft sell approach to marketing High End properties. For example I found a clever marketing strategy to promote its agency business in my InMail from LinkedIn that suggested 3 considerations for FTHBs before buying a property in the age of the pandemic. Yours truly fully endorses KF's three suggestions. But may I humbly add three more considerations of my own? ðŸ¤
1. Learn how to identify property USPs (Unique Selling Propositions) on your own. According to one property expert I follow on YouTube & Tik Tok, if you can find out the USPs of any property you are interested in, you will be less likely to be taken in by the marketing spiel employed by developers
2. Learn how to use the FREE financial toolkits available from online property portals to get estimated CMVs (current market values) eg. EdgeProp Analytics and PropertyGuru's Vantage products.
To see samples of EdgeProp Analytics' reports of Kirana Residence, a KLCC Luxury Condominium click here
3. Read my property blog, 360 KLCC An example of what I blog on : Are properties near KL parks and greenery worth more? In other words, is there a "KLCC Parks effect" on transaction prices in PSF where a property's proximity to a park or patch of greenery results in a price premium?
Check out my 360 KLCC blog to find out…
PS a lot of real estate agents do.😜ðŸ¤
Disclaimer
1. I am not paid by KF Malaysia, EdgeProp or PropertyGuru to promote their real estate agency or consulting services.
2. I am not a registered investment advisor in Malaysia. My last IA licence in another jurisdiction expired circa 2001. My property blogs are based on my experience gleaned from my 20+ years as a high end KLCC property investor, plus membership of several KLCC MC and JMB commitees.
3.If you are considering buying an investment property, contact a BOVEA registered Valuer or Real Estate Agent for professional advice.
4. I have owned a 3000+SF unit at Kirana Residence since 2000. I have also served on the Kirana MC. My first blog post comparing Kirana Residence with The Binjai on the Park is here :
Both 5* luxury condominiums were the most expensive KLCC condos in KL when launched in 1999 and 2009.
