{"id":33338,"date":"2018-02-23T12:54:10","date_gmt":"2018-02-23T04:54:10","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=33338"},"modified":"2018-02-23T12:54:10","modified_gmt":"2018-02-23T04:54:10","slug":"malaysia-secondary-home","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysia-secondary-home","title":{"rendered":"Second Hand Homes Much More Affordable Than New Units"},"content":{"rendered":"<p>Potential home-buyers are encouraged to purchase second-hand homes rather than newly\u00a0established\u00a0real estate due to the soaring property prices.<\/p>\n<p>Bank Negara Malaysia\u2019s (BNM) latest quarterly report revealed property prices were rising out of reach from those opting to buy a home.<\/p>\n<p>Howver, experts revealed secondary home purchases were a better alternative as there were still units that are priced at RM200,000 within the city, which is especially affordable for the younger generation.<\/p>\n<p>Bernama quoted real estate and investment writer Dr Azizul Azli Ahmad, who said that these properties were generally sold at lower price compared to new developments.<\/p>\n<p>He said a a secondary condominium unit in Bangsar was being sold RM600 and RM1,000 per square foot, while new units were tagged between RM1,500 and RM2,200 per square foot.<\/p>\n<p>\u201cIn addition, secondary or sub-sale homes are ready to be occupied and have easy access to facilities such as shops,\u201d he said.<\/p>\n<p>BNM had previously labelled housing within the country as severly unaffordable, where the median house price in 2016 was RM313,000.<\/p>\n<p>Meanwhile, coordinator of the property management programme at the faculty of architecture, planning and surveying of Universiti Teknologi Mara, Dr Hairul Nizam Mansor, said the government should opt to\u00a0impose a quota on expensive housing purchases and tighten housing loan conditions.<\/p>\n<p><em><a href=\"http:\/\/www.freemalaysiatoday.com\/category\/nation\/2018\/02\/20\/go-for-cheaper-second-hand-houses-instead-house-buyers-told\/\"target=\"_blank\" rel=\"nofollow\">[Source]\u00a0<\/a><\/em><\/p>\n<p><em>Picture by The Star Online<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A much more &#8220;cheaper&#8221; alternative. <\/p>\n","protected":false},"author":33,"featured_media":33339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,21],"tags":[],"class_list":["post-33338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysians Encouraged To Purchase Second Hand Property<\/title>\n<meta name=\"description\" content=\"Potential home 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