Weekly Industry News

The best time to BUY YOUR FIRST HOME

Weekly Industry News

While the property market is expected to remain challenging in 2019, for those looking to buy a home for their own stay, it may be a good time to buy as sellers are more flexible with their asking prices while developers are offering attractive packages with freebies and other incentives.

“The current slowdown in the market is a good opportunity to shop around and buy property, especially for your own stay,” Nawawi Tie Leung managing director Eddy Wong tells EdgeProp.my, adding that developers are now more inclined to offer discounts and incentives in order to move sales.

“This is the best time to pick up bargains as property is a long-term investment and the market will eventually recover. Look for properties which are well connected, and located in a neighbourhood with good access to amenities,” he advises.

Zerin Properties CEO Previndran Singhe concurs, adding that asking prices have dropped in the property market.

“For residential property, transit-oriented developments (TODs) or those located close to public transport are recommended. I do like second-tier developers which are selling at a discount rather than premium developers. Notwithstanding, premium developers are offering good deals now,” he says.

Media Title: The Edge Financial Daily

Date: 04 Jan 2019

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