RPC

Many of the successful investors often tells me, if there were just one rule of successful investing it would be “start as young as you can.” Real estate like many other types of investment does also come with risks, but then again which business doesn’t involve any risks? We have heard of stories of people who earn their fortune through property investment but at the same time we also heard of stories of people who became unsuccessful in the real estate business.

Affordable housing is not something new. The city hall has plan to build 50,000 affordable homes in federal territory. Based on the information published on RUMAWIP as many as 10,000 affordable homes to be built by year 2020. Most of the properties are to be completed before then. What is RUMAWIP? Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP) is established to outline the direction and to provide a basis for local authorities and developers to design and develop affordable housing.

Anyone who has ever been involved with property, regardless as a homeowner or an investor, understands that real estate has a cyclical market movement. There are various factors to be taken into consideration when you plan to buy/ sell your properties but the most important one will be the current state of the property market. This is because the timing of the market can have a major impact on your purchase price/ desired sale price.

What is DIBS? DIBS stands for Developers Interest Bearing Scheme where a property developer absorbs the loan interest of the purchaser during the construction period of a property. Brief history of DIBS DIBS scheme can be traced back to around year 2009 where developers were offering to property buyers to absorb loan interest during the construction period of a property. DIBS are popular amongst developers because it is a smart marketing tool which can be used to entice potential house buyers into believing that they have found a good financing deal, without being aware that in the event of project abandonment they are liable for the loan.

In today’s market, there is plenty of investment tools available out there be it shares, forex, bonds, unit trust, REITs etc. There’s no doubt that some investments are subject to higher amounts of risk than others. Historical data shows that stock markets are much more volatile and bonds a lot less reliable compared to property investment. However, many things can go wrong in property investment and the risk is amplified if you leap in without first doing your homework or seeking professional advice and devising a sound strategy and investment plan.