Lately, I came across many reports and comments concerning the outlook of Malaysia's property landscape in view of the US sub-prime crisis. It is interesting to note there is a vast variation in thoughts over this issue. Frankly, even though I am "phsically" only a few months old in the real estate industry as a Property Negotiator, I have been an avid follower of any kind of property news.
A re-cap of a report in the Star on 19th April, 2008, it seems that property buyers and investors are cautious due to increasing inflationary pressures amidst the US sub-prime crisis. However, properties in strategic location could be buffered from such setbacks. As all of us may know, the first criteria in property procurement is Location, definitely Location, and absolutely Location!
This reminded me of a 12 hour seminar I had attended yesterday by a real estate guru from Australia, Mr. Steven Molnar. His first advice to us was Research, Research, Rsearch! Indeed, if we have done our homework well, I reckon we could still find and buy jewels amidst the increasing gloomy outlook. As a matter of fact, many real estate gurus do propagate that the best time to pick up properties jewels is when a crisis occurs.
