A Short Guide – Buying new properties in Malaysia 2019
Newly developed properties often have great location and stunning interior design to meet the requirements of the investors. In recent years, we’ve seen an abundance of new developments across Malaysia which makes it difficult for real estate investors to choose the perfect property.
Investors often ask, “where should we purchase properties from? Should we buy it from real estate agents or from the developers themselves?”.
The answer is – purchase it from property management companies.
Why should I buy from these companies you ask? Well, these companies gather investors from across the country to do bulk purchase order from developers. This action can benefit the investors as they will get the wholesale buyer price instead of the standard price.
Unlike most property agencies or brokers whose duty is to help developers advertise and sell properties then be rewarded with commissions. The duties of property management companies are to gather investors as a whole and to ensure every client can gain profit by helping them manage their properties at a minimum price.
Two words that investors often confuse over is discount and rebate. Discount is the reduction of price before it is stated in the sales and purchase agreement (SPA) whilst rebate is the cashback received from developers. That cashback is recommended for you to clear off monthly repayment to the bank or to be used for renovations that can add value to your property (flipping).
Next time you want to buy a property, do consider purchasing from property management companies. These companies will not only help you manage properties but also make sure you get the best deals in town through the best procedures.
-A Short Guide by PinStay