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Buy a home while it’s still affordable, experts urge Malaysians

Posted by tammy on May 26, 2016
| 0

Mangalesri Chandrasekaran | May 11, 2016

 

Malaysians are advised to buy a residential property before it becomes too expensive, according to Chur Associates’ Founding Managing Director Chris Tan.

In a forum organised by The Star, the real estate expert said that now is the best time to get on the housing ladder, given the good rules protecting consumers, as well as the attractive incentives and financing packages offered to genuine home buyers.

Tax expert Dr Choong Kwai Fatt agrees that it is an opportune time to purchase a house as the Malaysian ringgit could weaken further.

“If the currency drops in value in future, it will be harder to purchase properties. Therefore, while its still holds good value, it is best to invest right away.”

Another advice he gave to those eyeing home ownership is to purchase from property developers with a good track record.

 

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