ASKING SEAN

In this episode, we will address a question regarding hot spots for investment. Would it be better to invest in the CBD areas? or Suburbs?
Before covid, I would suggest to follow the development of infrastructure. Follow the highway constructions, the MRT and LRT tracks, the initiatives from the government and etc. Because the performance of real estate is highly dependent on population, convenience, and job opportunities.
However, my answer kinda changed after this covid incident. The behaviour of tenants might shift to prioritize safety. Plus the working from home experience might escalate companies to adopt flexi-working patterns in their workplace, resulting in workers to start working from their home. This means there won't be as high of a demand to be located within the CBD anymore. Hence, people will go for areas with lower rental rates.
Tier 2 &3 locations will then pick up as people will start to move away from the city. In this moment, community oriented areas will then be attractive for tenants.

[@jbenz2681]

Thanx Sean. After i watched this great & lovely vid... We moved to Jalan Kebun lorhh Hiks :)

[@CatREM]

I buy highrise for own stay because of better security.

[@blurjsjason]

Hi Sean, greetings ! Wish to ask how to determine tier 1,2,3 location? And do you foresee places that are outskirts (30mins) driving distance to kl will start increasing in terms in demand? Appreciate for the reply

[@angsiaokim13]

It's a great sharing, Sean. Thank you!

[@iherng]

Glad you enjoyed it=)

[@kevinwong4689]

Hi Sean, now that covid is somewhat manageable, it will be greatly appreciated if you may share your thoughts on this topic, post covid era. Thanks in advance!

[@ytl9110]

Hii Sean, just a suggestion, probably while u read the question, can type it out on the screen as well, love your videos! 👍

[@iherng]

I'll need to expand my team to help me with subtitles hahaha:)

[@hafizidonya8356]

Tq Iherng for the very good advise... Btw i have something that bugging me in my head to getting a new house.... I found property which is very close to my workplace, however im not afford to buy 3 Bedroom (SPA price RM413K) in this property becoz my DSR already burst which is 65%, then this property also offered me 2 bedroom (SPA price RM358K) which is suitable with my current DSR which is less than 60%.... I really want this property coz the location is near to my workplace the problem is my parent n my friend they seem to against with my decision becoz this house only offered you 2 bedroom, the question is should i go for two bedroom and later i put partition to add more room? considering the size of the house is 910sqf not too big or not too small i think.... & What do you think about firsthome buyer buy 2 bedroom house.... Fyi i still not married.... Tq

[@NplusO88]

how does an area qualify as tier 1,2,3 location? Is there any website or guidelines?

[@keithchong9944]

Well said bro

[@brienroshian4940]

where can i get real estate news from properties guru or who else to follow ...Superb content btw ! keep up the good work!

[@iherng]

Well I think there's me for now. A few people are starting property tours but none really speak openly about property related topics.

[@fionachouardy257]

May i get your opinion on goodwood residence by oug? This is for investment as first time buyer.

[@maxleong91]

1:00 "who buy highrise for own stay" - 🙋🏻‍♂️ me as of my current age age and for the convenience for my folks at home... maybe i have different thoughts when i'm closer to retirement, maybe buy a farm and live faraway from the city 😂

[@vineshrajoo2805]

Some really good and interesting opinions from you.

[@goldenroofproperty]

Thanks for the sharing Sean. Always love your video, practical and easy to understand. Haha. As an investor myself, now I rather choose suburbs than city centre because suburbs has higher potential growing than city centre. The price in city centre is already too high for any future increase in value. Condo's in city centre, except to collect rent, may not be easy to sell in the future. Where in suburbs can still get big freehold units with monthly installment of only RM1K++. In future those places will definitely grow, then can rent can sell 👍

[@patoises]

what a good prediction - after covid, people will think more of space as a premium, rather than just proximity to office. Actually the trends are all pointing towards more flexible working from home

[@iherng]

Yea. I also realised I missed out great internet speed hahaha=)

[@kjmok]

hi Sean - around 11:07 onwards you speculate that 2nd and 3rd tier locations will enjoy increased rental demand etc. what about the tier 1 properties - would there be downward pressure in terms of rental rates as there might be a reduced demand by the tenants?

[@MrHTCfan]

Once the virus issue is over, i don’t think people will still be afraid about it

[@iherng]

I wish that would happen too but until the day the vaccine is out, there'll always be risk.

[@xoxowifluvelle]

1) I never factor the closeness to LRT/MRT stations as a good property because everyone I know got cars. 2) Everyone move nearer to their jobs. So the more jobs a place has got to offer, the more people want to go in. 3) Safety n security are really the highest priorities now. And this will be the main decision factor. Management companies got to up their game! KL city centre will always be popular in demand because of the main bulk of jobs and business are in there. Unless the government want to destroy KL lor. Just my few cents.

[@NplusO88]

you may be right most malaysians owns and uses car to commute. but lets not forget extra convenience of public transport is a plus especially on days when u dont feel like driving or suddenly your car breakdown

[@azriaziz5173]

@@NplusO88 The extra convenience if connection within walking distance to the office. As we speak the connectivity for public transport(MRT/LRT) still low and remain low especially after C19, the government need to focus other things(improve the economy, health, education etc) not priorities public transport for at least 5 years to cope up loses. Plus with C19 driving is far safer than using public transport.

[@kohlee888]

👍🏻

[@iherng]

=)

[@thoongchinglee4905]

Sean, I wish that thought process of preference to requirement like yours are as wide spread. As a contrarion investors, human are bad at remembering all these bad things when they look at convenience. All those old rules will continue to apply,maybe not now but maybe in 2 to 3 years.

[@KeepingItRealBro]

In the past 100 years those ideas didn't play any major role, doubt after the whole Covid-19 pandemic much time will be wasted on relocation to the suburbs and spending the next 30 years in traffic while contracting lung cancer from the fumes...

[@newname3718]

Actually it won't be a 80% switch more like a 10~20% switch. New companies that are born after the 2-3years post covid will eventually fill up the 10~20% gap. But what's worth to mention may be the life of the 10~20% that move away from well known city areas to suburbs. It may cause a chain reaction for businesses that doesn't require the KL location that much to move away from city centre or it may not.