Single Pointe Realty

Investing in Real Estate: Where to Begin

Posted on July 15, 2017 in Uncategorized by

And so, you find yourself asking one question: How do I get started in real estate investments?

One of the most common questions that I get asked over all these years as a real estate consultant is the question of getting started in real estate investments in Malaysia. You see, lots of people want to make money, and they see the property market as a method for them to attain super riches. This is a misguided view. While the property market is relatively stable compared to, say, the stock market, there is absolutely no guarantee that there is a return – even in the longer term. Don’t believe anyone who tells you that it’s easy to make money in the Malaysian property market.

Also, another pitfall you must be aware of is the existence of real estate gurus who are out there to make a quick buck by selling real estate investment advice. If they are so good, then why are they making money by selling advice rather than doing investments on their own? Points to ponder…

How To Get Started In Malaysia Real Estate

The best way to get started in the Malaysia real estate market is to go ahead and do the research yourself. It’s easy to get started now since a lot of information can be found online. Good sites to check out are iproperty (a site founded by Patrick Grove, who is a friend of a friend of a friend, and he is a really handsome entrepreneur who lives a good life), (a rather different property portal which features a map interface) the star property (newly revamp which looks good but somewhat cluttered), (an informational site with lots of reviews of Malaysia property) and others. Be careful that these are time sinks and it’s always better to be out there to view properties first-hand.

My personal favorite areas in Kuala Lumpur are Puchong and Subang Jaya. These are middle class establishments with properties for sale or rent. In Puchong, new retail developments such as Setiawalk (built by SP Setia which is a reputable developer) resulted in rising asking and transacted prices in surrounding areas such as Pusat Bandar Puchong and Bandar Puteri Puchong. Bandar Puteri, on the other hand, is also boosted by new developments such as The Cube, St. Mary Residences, and also the upcoming five star retail development Puchong Vivocity. It’s going to be interesting to see further developments in this area as a new LRT stop is being built here as well – near where IOI Mall is now.

Subang Jaya is also a hot area, with the launch of the Empire Shopping Gallery a couple of years back – opposite where Wisma Consplant is now. Wisma Consplant is showing its age, and there has been a minor exodus of tenants for the last couple of years. Procter & Gamble, for example, moved out a couple of years ago, which means that a sizable population of pretty brand marketers are no longer there. It’s a shame.