High-rise properties can range from small condo units or studio units for first-time homeowners, to low density luxury apartments that are catered to bigger families.
In general, units in high-rise buildings are more affordable to buy and easier to rent out, suitable for both own stay and investment.
Pros:Facilities, affordable, better rental yield
Cons:Maintenance fees, less spacious, rules & limitations
TIP
Buy a unit that will outgrow you, instead of what you need at the moment.
Landed homes include linked homes, townhouses, superlinks, semi-Ds, and bungalows. They usually offer larger spaces, while offering privacy and flexibility to homeowners.
However, landed properties are often pricier in city areas, or may be located in new townships further away.
Pros:Appreciation potential, spacious, privacy
Cons:Security
TIP
Consider the costs of a landed property, from renovations to home security and upkeep.
One option that people aspire to invest in (but don’t realise is possible) is commercial property, like shops.
While some brands are moving online, many local businesses still operate out of brick-and-mortar outlets, be it F&B outlets, gyms, or childcare centres. Investing in this kind of property allows you to lease it out for rental
income, and it usually yields high returns over a long term.
Pros:Rental yield, appreciation potential, no renovation
Cons:High upfront cost, dependent on occupancy
TIP
Consider the surroundings – a shop in an established area will be easier to rent out.
Small-office, flexible-office (SOFO) is a kind of property designed for business owners or small startups.
They usually offer customisable office spaces and lifestyle facilities, while being in convenient commercial areas.
Pros:Affordable, customisable, facilities
Cons:Higher maintenance fees
TIP
Search for a SOHO with good connectivity and amenities.
A growing trend is to buy a home, renovate it, and make it a staycation destination.
With tourists and locals leaning towards homestay experiences instead of hotels, vacation homes present a big opportunity for investors.
Pros:Hotspot location, flexible for own stay or rental, high returns with short-term stay
Cons:Upfront renovation cost, requires management
TIP
Look for vacation homes in popular tourist hotspots.
Location, location, location
Whether you’re buying for your own stay, investment, or rental income, location plays a major role in your property’s value over time.
For investors, the idea is to choose a property at a good location, or one that has the potential to pick up in growth and popularity. It’s also important to consider supply and demand, especially when it comes to rental
properties.
If you’re buying for your own stay, ask yourself if you’re willing to pay higher instalments to be in a central location, or if you don’t mind driving an extra 20 minutes to work every morning.
Amenities & future developments
A good way to benchmark a property’s value is by seeing what’s around it, from day-to-day necessities like marts, clinics, and schools, to entertainment and leisure spots.
Future plans may also affect your property’s price. Is there a mall coming up, a new highway, or an LRT station perhaps? All these are indicators that the property has potential for growth.
Financial incentives
Lastly, you should take into account all the costs involved, as well as promotions offered by developers, to find the best deal available.
No matter what kind of property you’re buying, there are fees that can add up and cost you quite a bit.
Legal fees
Part of the Sale and Purchase Agreement (SPA) and Loan Agreement
A charge for engaging legal assistance for the purchase of a property
Stamp duty
A fee for stamping transactional documents such as loan agreements, tenancy agreements, and documents pertaining to property transfer, including the SPA
A legal requirement
Must be stamped within 30 days of signing the SPA, or you will need to pay a penalty of 5% – 20% of the deficient duty
Also applies for loan agreements, but is capped at a maximum rate of 0.5% of the full value of the loan
See a cost breakdown
Thankfully, with some developers waiving these fees, as well as special incentives from the government, you could save a lot of money.
Financing and loan repayments
If you find developers who offer interest-free easy payment plans or 100% financing, you won’t have to worry about a big down payment.
Additional Incentives
Keep an eye out for rebates, free furnishing, and other incentives. For example, the government’s Home Ownership Campaign offers stamp duties exemption up until 31 December 2021.
The 100% Solution to Own-stay & Investment
From affordable high-rise units and landed homes, to shoplots, SOFOs, and vacation homes, Tropicana wants to offer you the best deals for both own-stay and investment at a starting price of RM318,000 only!
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Johor
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Langkawi
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While you can never predict the best time to buy a home, you can always look out for a great deal – and Tropicana has you covered with their gorgeous properties at prime locations, all with a reasonable price tag.
Find out more here!
*Campaign deals are applicable to selected projects and units only.