Similar Posts


  1. Thanks Helmi.
    Very well written and more importantly, provides a balanced view rather than “it’s all rosy picture” for those looking for guidance in property investment. Keep it up

  2. Hey, I saw a link to this article posted by Ringgit Oh Ringgit on Facebook. I’m so glad I clicked on this!

    This was a fantastic write-up/breakdown which was really insightful, because as you’ve correctly pointed out, this sorta stuff on the “other side” is certainly not revealed when you’re speaking to property developers/agents who are just trying to get a sale! I really liked your use of diagrams, tables and photos too!

    On your final 4 points, I am a bit curious about point 2, but I say this without having done any real research as to the impact of the pandemic on both property prices and rental. My gut feel is that, whilst, yes, developers will also be looking to offload property at a lower price, the rental market will also be affected. Not forgetting that this pandemic has had market-wide implications, and I imagine if there is an impact on the property market, it should affect both the value of property, and the expected rent you should be able to command as well.

    On point 1, why do you think an auctioned property might be a better choice? Are you referring to buying from an auction where you hopefully are able to pick up a property at below market value? Would there not be a risk though that the seller’s reserve price is still too high for your liking, and this reserve price is likely to be at, or close to market value anyway?

    1. Thanks for your comment and support Wayne, I am looking into an Auctioned property for the next purchase. That being said, thorough research needed to be done to make sure that it is significantly cheaper than sub-sale. An auction property can be cheap, but it can come with its own headache. I will seek advice from friends who have done it before I venture into this. I will write about it when the time comes.

  3. Dear Helmi,

    Thank you for the well-thought given piece of writing. As I read through the post, it hits so me with so many “yeah, exactly what I thought” and “i knew it!”. Much of my assumptions were pretty much similar to your key points.

    I started working about less than 3 years ago after such a long “education“ journey and I was really excited about properties and interior decor. Since I was a child, my family always rented in a simple modest home. My late dad was never much into property, Never felt making the house pretty, homey and such. We just lived they way we could within that house. So, I wanted to make my life a different one once I have my own money.

    I visited many sub con open days, showing galleries. At one point, I almost, almost pen down a unit, like you said, a low entry, low booking fees to a 450~500k 2 bedroom apartment. But then I held back and keep going around. From all these visits, I found the same pattern from all developers. Rebates under the name of HOC, low entry booking fees, other fees waived, and also furnitures. The first one about HOC is to me, the most taken advantage leverage taken by those developers. They offset these discount buy raking up the total price of the property. At the end, yes the newly proud owner having to pay the humongous fees in interest down the line. Developers are doing what they think gives them maximum “untung” without realising how much these will affect the economy as a whole. We are screwing our young generations simply said as that.

    As for rented units, I am too looking for one as I’m planning to get married soon. Your point on owners care so little about furnishings is 100%. This is very true for newly completed units. Owners seem to have an idea that their units will get rented unfurnished~ Bare sinks, no lightings installed yet etc. No renter would go and trouble themselves to build a kitchen cabinet, install lightings, curtains, buy a fridge, washing machine. These are all basics for a living. All those basic items will cost renter easily 10k. Spread out over a year, almost 1k each month on top of the rent. Don’t forget about bed and cupboards in the bedroom. So all these, would not make sense to a renter especially if they might move out after 1-2 years of renting. Owners are just limiting their own chances in this “investment”.

    I hope Malaysians can get more exposure to real estate industry. It’s a wonderful industry to begin with, as everyone needs a home. I envy those countries like US, Europe. They have so much options and varieties. So much ideas and designs in a home. Whereas what we see in Malaysia today, 80-90% of apartment having the same layouts, same design and over estimated future value handed to these poor owners.

    We need more people like you to educate Malaysians on being real estate savvy people. Again, thank you for the writing. Cheers and have a good day.

    1. Hi Dharmiry

      congratulations on the longest comment on this blog! I’m happy that my writing resonated with you and thank you for your kind compliments 🙂 More keeping-it-real articles coming up!

  4. Hi Helmi.

    Thank you for sharing your view. I live in Seremban. I haven’t had any property yet and im thinking into buying one but looking at the price of a new developing house, I started to think it’s more worth to buy a subsale property rather than from the developer’s. In my opinion, a subsale property area is more likely developed compared to the new house area. More shops, easy access to public transportation, malls, mosque etc. Although the price range is not that different than the new developing house but it can get you save too. Let say the subsale property for a one single terrace house here is RM 220k, it can save you arounf 5k-10k from buying from the developer. But your house might not be too new la plus you need to fork out your savings into paying legal fees, stamp duty and deposit not including the renovation you might want to do.

    p/s: I love reading your thoughts and views. Thank you for sharing views from good and bad perspective in your articles!

    1. Thank you for your kind comments!

      I think we all need to trust ourselves when making a decision and not blindly follow what everyone is doing because it is the ‘norm’.

      Btw, so cheap houses in s
      Seremban! But the commute would kill me so I can’t do it

  5. I, too, was caught in the whole “first property investment” hype that encapsulated the country from 2010 to 2014. Bought my first property in 2014 while it was still in development but missed out on the LDP, which most of my other neighbors managed to get! For them, it was a win-win. They bought it a much cheaper price in 2011 and because the place was completed 5 years behind schedule, they managed to get some money from the developer. Unfortunately, I bought this during the housing bubble, so didn’t get to enjoy the payout.

    Even though my unit has managed to get tenants over the past years, it is a hassle trying to ensure your property doesn’t blow up while under your tenant’s care. And since my unit is in Cyberjaya, most of the tenants are students so the search for the next tenant is never ending. Am not even going to get into the amount of money I’ve invested in this place already….so yeah for all those millennials who’re looking for investment property, consider spending your money on other investments. The undercon property market is overhyped…perhaps I’ll also look into auctioned properties or subcon property next time as well.

  6. Pingback: Content Cheatsheet: Repurpose Your Content for Maximum Traffic - Involve Asia
  7. Hi! I have a question on the interest payment during construction.. does this mean that all those money paid during construction is “burned”? If I buy a property undercon 5 years to completion vs 1 year to completion, the latter would waste less money?

    1. No money is burned. You’re paying interest on the loan that you applied for. The banks will release the loan amount (under your name) to the developer in stages of construction. I don’t think one scenario will be financially better than the other.

  8. Ah, brings me back to the days where I wait anxiously for my apartment to be completed, hoping that the developer doesn’t run away and abandon the project lol. I do not think I ever want to relive that lol. I was fortunate to have invested in the property during times when it was still affordable. I really feel for Gen Z and Millenials. Everyone should have access to affordable homes :/ That said, I hope that what you wrote here discourages people from buying property for the sake of investing, because honestly, it doesn’t seem worth it anymore. Hopefully then can the market cool down. Somewhat.

  9. Pingback: Cheat sheet Konten: Ubah Konten Anda untuk Traffic Maksimum - Involve Asia
  10. Pingback: สูตรโกงคอนเทนต์: นำคอนเทนต์ของคุณไปใช้ใหม่เพื่อให้มียอดการเข้าชมสูงสุด - Involve Asia
  11. Pingback: Content Cheatsheet: Repurpose Your Content for Maximum Traffic - Involve Asia

Leave a Reply

Your email address will not be published. Required fields are marked *