FTHBs should buy New Projects OR Sub-Sale Properties?
“Probably you already save your money and feel excited to buy your first house? While doing your research on what type of house to buy, this infographic may give you some better ideas on choosing between new house (purchase directly from the property developer) and subsale house (purchase directly from the house owner).” Source Hartamas Notes biweekly newsletter. See infographic below.
🤠's Dua Sen:
Those nice folks at Hartamas Real Estate have produced an interesting infographic on whether First Time Home Buyers (FTHBs) should consider New Property Projects or Sub Sale Properties. See below.
Hmmm. In my opinion the infographic seems biased against sub-sale properties? OIC - Penny has dropped. It's produced by the Hartamas New Projects team 😜. .
I am not a registered real estate agent with BOVEA. So FTHBs (first time home buyers) might want to see also my totally unbiased (in my humble opinion of course) post "Should FTHBs Buy Sub-sale or New Projects Properties?" at my property blog here.
When property sales are sluggish because the property market is in the doldrums, you don't need a real estate agent to buy New Projects properties from developers. The proof? Here is how I got a 10% "discount from list price" from a developer when I bought my first 5* KLCC luxury condominium in 2000. No real estate agent required. See my post :
"Go Direct, First Time Home Buyers?"
For more information on how to find free CMVs (current market values) for any property, how to discover USPs (unique selling propositions), get Walkability Scores and find 5 year property transactions prices and rentals PSF (from PropertyGuru's free Pricing Insights charts), FTHBs should check out my property blog 360 KLCC. Free Insights, Analysis and Perspective for the KL high end property market.
Sample 360 KLCC posts:
Do 5* high rise KLCC luxury condominiums hedge against inflation?
Post Script
In 2017 I attended a two day NCC at Hartamas Academy in PJ. I paid RM600. The course has outstanding lecturers drawn from Hartamas Real Estate’s real estate agents and guest lecturers from MIEA. I learnt a lot about the industry and highly recommend the Hartamas Academy's NCC.
To date, there are 580 sick housing developments in Malaysia, out of 2,552 launched residential projects. This means the fates of nearly 23% of Malaysian homebuyers are in the hands of errant property development companies, including those owned by the government. Is it not better to buy a completed property where what you see is what you get? Instead of an off plan or New Project property that has a risk of non completion.
#realestate #firsttimehomebuyers #propertyinvestment
