{"id":18112,"date":"2015-08-14T11:32:09","date_gmt":"2015-08-14T03:32:09","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=18112"},"modified":"2024-07-05T15:35:24","modified_gmt":"2024-07-05T07:35:24","slug":"miea-property-remains-a-sound-investment","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/miea-property-remains-a-sound-investment","title":{"rendered":"MIEA: Property Remains A Sound Investment"},"content":{"rendered":"<p>The current economic climate has many investors leery of real estate investment.<\/p>\n<p>However, Eric Kho, the president of the Malaysian Institute of Estate Agents (MIEA) reassured that the weakening Ringgit will not lead to real estate prices crashing.<\/p>\n<p>Property remained a sound investment despite the current economic climate, he added.<\/p>\n<h5><strong>Related: Get started on property investment. Here&#8217;s how you can <a href=\"https:\/\/www.imoney.my\/articles\/what-does-it-take-to-be-a-propertypreneur-in-Malaysia\" target=\"_blank\" rel=\"noopener\">become a propertypreneur<\/a> in Malaysia.\u00a0<\/strong><\/h5>\n<p>\u201cHolding property is always better than holding cash,\u201d he said.<\/p>\n<p>Although the demand for <a href=\"https:\/\/www.imoney.my\/articles\/primary-secondary-or-auctioned-properties-which-is-worth-buying\" target=\"_blank\" rel=\"noopener\">primary or new developments<\/a> had been tapering down, Kho assured that it is not due to the depreciating currency.<\/p>\n<p>He said the slowdown was due to stricter Bank Negara guidelines for banks in providing loans as well as increased construction cost due to the Goods and Service Tax (GST).<\/p>\n<p>Construction cost had increased by up to 15% and some developers were holding back on launching new properties, said Kho.<\/p>\n<p>Projects that had already been launched come with huge discounts to attract buyers.<\/p>\n<p>Even in the secondary market sees a slowdown, and buyers can expect cheaper prices of between 5% and 10%, depending on location.<\/p>\n<p>Kho, however, expected this situation to be temporary and said property would eventually appreciate.<\/p>\n<p><em>[<a href=\"http:\/\/www.thestar.com.my\/News\/Nation\/2015\/08\/14\/Property-prices-will-hold-Real-estate-remains-a-sound-investment-says-MIEA\/\" rel=\"nofollow\">Source<\/a>]<\/em><\/p>\n<h3><strong>Find the lowest interest rates for your home loan and how much you need to pay using our\u00a0<a href=\"https:\/\/www.imoney.my\/home-loan\" target=\"_blank\" rel=\"noopener\">home loan calculator<\/a>.<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The current economic climate has many investors leery of real estate investment. <\/p>\n","protected":false},"author":9,"featured_media":18113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,1,216,21,284],"tags":[],"class_list":["post-18112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-investment","category-news-updates","category-properties","category-ringgit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MIEA: Property Remains A Sound Investment | iMoney<\/title>\n<meta name=\"description\" content=\"The current economic climate has many investors leery of real estate investment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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