{"id":8423,"date":"2014-02-17T08:00:38","date_gmt":"2014-02-17T00:00:38","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=8423"},"modified":"2024-04-19T14:29:45","modified_gmt":"2024-04-19T06:29:45","slug":"malaysia-property-sentiment","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysia-property-sentiment","title":{"rendered":"Malaysia Property Sentiment: A Property Love Story"},"content":{"rendered":"

\"love-home\"<\/a><\/p>\n

If you are a beginner at house hunting, you would have surely experienced the symptoms of \u201clove at first view\u201d. Similar to falling in love with a person, the symptoms include butterflies in your stomach as you start dreaming about how great your life would be if you live in that house.<\/p>\n

You can\u2019t forget the clean, tree-lined streets, the shiny gate glimmering under the sun, the spacious kitchen, and the airy bedrooms.<\/p>\n

Yes, from the above description, buying a home can be a very emotional process.<\/p>\n

However, Malaysians have a high tendency to fall in love, over and over again, with different properties. According to iProperty Asia Sentiment Survey (H3) 2013, most Malaysians considered themselves House Buyers (31%) as opposed to House Owners (30%), with 41% owning more than one property.<\/p>\n

<\/span>From crush to true love<\/b><\/span><\/h2>\n

Falling head-over-heels for a house is a fairly common occurrence and very much similar to dating \u2013 it all starts with a crush. If you still remember the feeling of having a crush when you were in school, having an infatuation on a house comes pretty close to that.<\/p>\n

Instead of doodling your name with your crush\u2019s last name (if you are a girl), you start to imagine the colours you will paint the walls with, and the type of furniture that will dot the living area.<\/p>\n

Once you have a house obsession, you will find yourself drawn to the same property again and again. But what are the factors that turn a house from a crush to true love? Based on the findings of the same survey, here are some of the factors that can ignite a love story \u2013 between you and a property.<\/p>\n

1. Location, location, location!<\/strong><\/p>\n

This is the number one factor that attracts home buyers to a particular property. According to the same survey, Malaysians consider this the most important factor in deciding on a property, with the top three hotspots in Selangor being, Petaling Jaya (14%), Puchong (11%) and Ara Damansara (10%).<\/p>\n

2. What\u2019s the price?<\/strong><\/p>\n

Malaysians are also found to rate the price of a property as a deal breaker. Rated as second most important, because Malaysians understand falling in love with a property that they can\u2019t afford just spells H-E-A-R-T-B-R-E-A-K.<\/p>\n

3. Size does matter<\/strong><\/p>\n

Who doesn\u2019t want a spacious home with enough room for a family of five? Rated as third most important, Malaysians are definitely into sizeable properties.<\/p>\n

<\/span>Who are the property Casanovas?<\/b><\/span><\/h2>\n

Malaysia has seen more male property buyers in 2013. There has been a slight increase in male participants in comparison to last year\u2019s iProperty survey, from 59% to 60%. However, the number of female participants dipped from 42% to 40%.<\/p>\n

Most of these property Casanovas are aged between 26 to 35 years old at 48%. This is also believed to be the right age to make a major life commitment.<\/p>\n

Everyone has a preference, when it comes to dating and also choosing a property. The type of property most property buyers go for are terrace houses (49%) and private condominiums or serviced apartments (47%). These make handsome properties \u2013 no doubt breaking hearts as they were constructed and built.<\/p>\n

And Malaysians property Casanovas are known to be faithful with 57% of them staying in the same home for more than five years.<\/p>\n

<\/span>Falling in love can be hard on the knees<\/b><\/span><\/h2>\n

Borrowing the words from a famous love song, love is a many-splendored thing. But love also has its downside\u2014heartbreak.<\/p>\n

Though most Malaysians long to fall in love with a property of their choice, many find it difficult to do so. Half of Malaysians surveyed answered that property prices are too high, while 16% answered that they cannot find a suitable property.<\/p>\n

Even though it is an emotional affair, one must try to keep a clear head when deciding to purchase to avoid falling prey to a number of home buyer mistakes. To avoid property heartbreak, a home buyer must keep an open mind and perhaps consider several houses at the same time in case the first choice doesn\u2019t work out.<\/p>\n

 <\/p>\n

Source: The facts and figures used in this article are taken from the iProperty Asia Sentiment Survey (H3) 2013. In Malaysia, a total of 8,048 people responded to the online survey. The survey responses were collected from three sources: Facebook Post, Pop-Up invite and web link.<\/i><\/p>\n

<\/span>Ready to fall in love? Find out what\u2019s your <\/b>housing affordability<\/b><\/a> here.<\/b><\/span><\/h3>\n

 <\/p>\n

<\/span>Can\u2019t afford the property of your choice? Find out what are the <\/b>options<\/b> for first-time home buyers<\/a>.\u00a0<\/b><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"

What makes sparks fly between you and a property? A recent survey reveals three factors that contribute to a property love story that can leave you with butterflies in your stomach.<\/p>\n","protected":false},"author":9,"featured_media":8424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[239,21],"tags":[219],"class_list":["post-8423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-loan","category-properties","tag-bi"],"acf":[],"yoast_head":"\nMalaysia property sentiment: A property love story | iMoney<\/title>\n<meta name=\"description\" content=\"Falling head-over-heels for a house is very much similar to dating. 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