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According to Ho Chin Soon, Director of Ho Chin Soon Research Sdn Bhd, the three key factors to consider when buying property are: location, timing and branding.
In terms of location, the Klang
Valley remains the “centre of gravity” and savvy investors should focus on the first and second-tier growth areas. The first and second tiers lie within 15km and 25km from the centre respectively.
Ho stressed that when buying property, one should check if it is well-connected by highways. He believes that Petaling Jaya will remain a top pick for landed properties whilst the golden triangle and Mont’ Kiara will continue to be popular for high-rise developments.
In addition to this, he observed that Penang has been attracting a lot of attention through the Malaysia My Second Home (MM2H) programme. Coupled with big infrastructural projects like the second bridge and monorail, he believes that island’s property industry will continue to do well.
Commenting on the property market, Ho said that 2005 and 2006 was an ideal time to invest in property. Although the present market is stable and it is still a good time to buy, he emphasised on the importance of buying from a reputable developer. He foresees that market conditions should remain good for the next two to three years. If the property cycle repeats itself, a downturn may occur in about three years.
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