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In this episode, we will explain the main challenge of this audience in looking for a landed home for her parents in Malaysia. Throughout the process, she discovered that the ROI for landed homes are nothing like high-rise. Then whether to get a renovated unit or a standard unit?

[@melvin1727]

Pros: landed you can conveniently wash / vacuum your car(s) at your porch. You can also install EV chargers, solar panels, hv dogs, grow your own potted / ground vegetables, more space for kids to play outdoors in your controlled vicinity, bigger balcony / balcony / porch areas to dry your wet clothes, ideally if gated area; don’t hv to worry about parcel theft, no strict time limit restriction rules for deliveries unlike condos, don’t hv to walk far to pick up your daily mails & food deliveries etc. Also landed is more convenient for seniors / immobile family members. You don’t have to rent funeral parlour when mourning family members; wakes can be done at the landed house and not condos.

[@powDDlease]

In Klang Valley now, no more new landed properties are being built, but condos are continuously being built. Don't you think that in the future, we may not see such an increase in condo prices vs. landed property prices - which are/will become a scarce commodity ? In turn, wouldn't that mean that buying/owning landed property will become more and more unaffordable in the further vs condos which will be relatively the same ? Wouldn't this also mean that in the long term, even rental prices for landed properties will fetch a premium ? In addition to this, isn't there a risk of owning condos long term ? In Malaysia, what will happen to the condo when the loan tenure is over after 30/35 years. Most condos I have seen in Malaysia more than 30/35 years are in very bad condition, and have had price decreases. I appreciate that owing condos for short term is ok because it is possible to get positive cashflow - but this positive cashflow usually is a very little amount. Is it worth taking this little amount now vs loosing out in the long run? Happy to hear your thoughts on this.

[@jacko9294]

Smart comment. The reason why rental yields are low is because the land prices (the land your house is built on) is always increasing. Think of it like this: Apple Inc (APPL) stock price is always increasing faster than its dividend so its yield (dividend) is low. Investors want this! Landed house prices are increasing faster than rental yield. Savvy investors want this! Why is landed house prices increasing - because of the silly overpriced condos Sean is reviewing, making landed terrace houses look bargain basement cheap. P.S. no maintenance fees and other rubbish you pay the developer monthly etc. These investors view property as a vehicle for capital appreciation, a hedge against inflation and to own freehold land. They are absolutely not concerned with "rental yield", just as a smart stock investor is unconcerned about dividend yield (Tesla, Apple, Nvidia, Microsoft).

[@wongjinglee]

haiya.... elderly dun even want to upgrade anything in their comfortable house... eg. change existing gate to autogate.... i tried for 15 years pun blom berjaya memujuk....

[@iherng]

Hahaha. I absolutely understand that too. Thanks for sharing Jerry!!

[@jessetan3112]

Landed is kind of like "Malaysian Dream".

[@raininglorr4371]

Exactly

[@kelvineldios8917]

Especially in Klang Valley

[@iherng]

Exactly Jesse. And that dream is getting further away as we speak haha.

[@karchunKC]

Ipoh in another way around, Condominums = atas properties

[@raininglorr4371]

I myself am staying at my parents' house in Taman Tun (TTDI) but don't think I'd be able to buy another unit here.

[@raininglorr4371]

All too expensive.

[@Sllee93]

Amen to that

[@iherng]

And it’s only getting higher!!

[@danielliaw]

Price appreciation for landed home up 20% in 3-5 years. While condo up 0% in 5 years.

[@iherng]

Not too sure it’s correct leh…

[@restuibu1916]

Yeah rental is low,so im gonna go for airbnb style.hope its cover all the mortgage

[@iherng]

Yea that’s one effective way to increase rental but it depends on the location.

[@jinghuiang4599]

Landed house is good bank facilities

[@iherng]

Bank??

[@maartenkneiseler]

I like how rationale you are considering housing has such a strong emotional and irrational spin too it. 😂😂... looking forward to hear when your kids have grown up and developed attachments to the house and neighborhood they grew up at. Thanks for the great content as always. Great inspiration.

[@iherng]

Thanks for watching. Appreciate the kind words:)

[@Kaipochama]

😂 I’m staying in kepong nearby dpc, about the neighbourhood vibe, this portion of kepong are filled with quite arrogant middle to high income families. So much negative points and I don’t get the hype of landed. Expensive repainting/maintenance, car is hot all the time, corner lot landed also hotter. You need to deal with all sorts of noise pollution because you are at ground level(dogs,bikes,cars,kids crying shouting etc). And, Ppl planting trees/plant at the corner side of my corner lot(yes i know that boundary belongs to dbkl), but will i plant something at the grass patch infront of your house ? Won’t right.

[@Dual185Elites]

No comment meh? Great advice again Sean

[@daryllim4826]

Could u talk about fire insurance issue for our mortgage. The bank always "insure" extra fire insurance for our properties at 3-4 time the premium compare to the premium pay by our MO. Many buyer not aware of this "trap" n never bother sending their fire insurance policy to the bank, hence paying two fire insurance. Just imagine, paying extra 2k each year fire insurance for 30 yrs. It add up to a whopping 60k!!! I remember years ago, our MO will send our master fire insurance to our mortgage bank, but it's not a practice anymore I guess. Thanks in advance.

[@creamflower]

Are we required to send the fire insurance to the bank every year if it is renewed? I was not aware of this. Oh gosh my ignorance. How does sending the fire insurance help with the loan amount? will the banks reduce it?

[@kenkintel]

But hor if you rent landed, most of those unit are not nicely renovate. It costs more to renovate a landed. Then you live in a million empty bare unit. If it is an own unit, it will be an ATAP level of lifestyle at your age of 35 😂

[@bmagnus2729]

Rental will increase yearly and by 10 years it would most probably be 3k monthly. And that property would be valued at 2 million after 20 years. Property spike usually at 20 years after initial phase launch. The last 10 years usually are very stagnant unless your place is very kampung la where the development comes late. Especially good development that can bring major grocery players like lotus, aeon, giant, or Jaya grocer can appreciate very fast. You may even see a 3x spike If a new highway and train system is built next to your house within the 30 years. Then again over leverage is also not good. If one family of 4 with a joint income of 15k or more with no other large loan, can invest in that one million house to stay. In the case of Sean having so many properties, then it is not wise to double down on your own stay home. It is not wrong to rent. But not more than 10 years unless you are lucky enough to find a landlord that is not trying to profit from you. The main thing is to not over committing on your own stay home. Save the money as much as you can. If one can save half of the 15k monthly, you would be able to afford the same 1.5m house 10 years later with ease. Then after you get that house, you can then save up more for another property as you put more down payment and lesser monthly commitments. Lesser stress. But that is my own investment appetite. Or like iherng with good tolerance in risk, can invest in other properties first, then sell them and then go for his own stay home later. There is no absolute way, just how you want to do it. By the way, own stay home will always be a liability. Hence it should not be compared like that. Just accept the fact and cost you are paying for your needs and wants.

[@philipvictor9900]

Hi Sean, my qns is unrelated but can you do a video to show us (blur blur Singaporeans especially) the various methods we can use to pay for the Malaysian property we have decided to buy e.g. how to overcome the daily bank transfer cap etc. I am tearing my hair out searching for answers online. In my case, I have placed a booking on a property. Am gg to sign the SPA next week. Need to prep RM 130k+ to meet the lawyer. My Maybank SG account allows a daily transfer cap of SGD20k. Western Union allows a transfer of SGD10k. So, how am I gg to pay the RM130k+ which is more than SGD 40k? Help if you can coz there is no content online anywhere on this.

[@afhamyusof]

my girlfriend who works at the bank (she works at foreign exchange department) said u can try using the most common method called inward telegraphic transfer. for a large amount you have to go to the branch because online got transfer limit

[@philipvictor9900]

@@afhamyusof tyvm for the info. The ITT is done over here (SG) or must I open an acc in Malaysia and do it from there?

[@queenlip6152]

Condo is _small._ Getting smaller all the time! Don't buy condo for own stay.

[@iherng]

That observation directly means property price keeps going up.

[@nazrojean7128]

Landed property is beginning to be irrelevant in Msia due to safety(break-ins) unless if its gated,with facilities,which equates to higher costs...n yes landed properties noticeably lacks in rental attractiveness!i presonally would ONLY wan a custom designed n built landed mansion for the sole purpose of car collection,coz living spaces needn't be too huge(minimalistic simplism)...high rise properties r indeed ideal for many reasons esp roi,n even flipping...personally,it does rob u of privacy in a way, n becoming slaves to jmb...

[@muhammadhidhir2712]

Peter & Jane