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Monday, 5 October 2015

Good infrastructure determines property value

Sound advice: Lee delivering his talk at the Star Property Fair 2015 in Queensbay Mall, Penang.

GOOD infrastructure plays an important role in determining the value of properties.

Zeon Properties chief executive officer Leon Lee said even US president Barrack Obama stressed the link between infrastructure and a healthy economy.

“According to Obama, a sound infrastructure helps create new jobs, increase business opportunities and facilitating the movement of business,” he said during his talk on ‘Market Outlook 2015: Investing in Uncertain Times’.

“When the second link connecting Johor and Singapore was ready in 1998, the value of properties in the surrounding areas rose 100 times from RM2 psf in 1994 to RM211.

“Similarly when the Shenzhen Bay Bridge was ready in 2008, the value of the properties in Hong Kong and New Territories increased to RM2,870 psf in 2013 from RM470 psf in 1988,” he said.

In Penang, when the second link connecting Batu Maung and Batu Kawan was ready in 2014, the terraced properties in Batu Kawan increased to RM430,000 in 2014 from RM180,000 in 2008.

“In 2007, a terrace house in Batu Maung was worth about RM700,000. But now, a similar unit is priced at RM1.4mil,” he said.

Homebuyers also got an insight on how to get their housing loan approved by Miichael Yeoh.

“One must understand how the process works and if it’s done systematically, it will not get rejected,” he said in his ‘How to Get Your Loan Approved’ talk.

Property investor-cum-author B.K. Khoo said property was an appreciating asset and such investment could generate passive income.

He said effective time management, money and building the right knowledge were keys in sound property investment.

“Don’t wait to buy a property. Buy a property and then wait.

“And remember, your network is your net worth. Try to look around and you will get people to contribute to your success and net worth,” he said in his talk ‘How You Can Be The Next 9 to 5 Property Millionaire?’

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22 Jul 2013
... The road to huge profits. Packed room: Lee giving his talk on 'Infrastructure goes a long way when picking the best property' during The Star Property Fair 2013 at G Hotel, Penang. ...... The value of M&A deals in the first half of this year exceeded US$300bil (RM1.3 trillion), an increase of more than 60% over the same period last year, which had already set the record for the first half year. Perhaps most significantly, China and the ...