Why Invest In Properties

Property Investment Let’s say you are in your late twenties, still single, with a stable job earning a salary good enough that enables you to cover all your monthly expenses and allows you to enjoy a few luxuries. It seems as if you have it all as a young adult. However, there is this nagging... View Article


Property Investment

Let’s say you are in your late twenties, still single, with a stable job earning a salary good enough that enables you to cover all your monthly expenses and allows you to enjoy a few luxuries. It seems as if you have it all as a young adult. However, there is this nagging feeling at the back of your mind to expand, to grow outside of your comfort zone, to venture on financial growth by capitalizing on properties. If not, you might at least be planning on getting that Kota Kinabalu property for sale you have been eyeing on for quite some time now.

Presently, we are facing not just a nation but a global crisis, the Covid-19 pandemic where it has impacted a huge deal even the economy of Malaysia and that of the world in general. One might ask, is it still a wise idea to be investing in properties? Is it wise to be going forward with that Klang property you have been saving up for a long time? You might think, you don’t want your finances to go stagnant, so you at least consider Johor Bahru condo to invest on.

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With the current situation, even banks have become more rigid in entertaining borrowers or applicants for loans. This is totally understandable. If we check the latest changes in the financial market with the current crisis in hand, we can confirm that there is indeed a reduction in the Overnight Policy Rate this year, from 3 percent at the beginning of this year to 2 percent just this month. It has been said to be the lowest OPR for years. Also, it has been announced recently that all loans and financing responsibilities are put on hold, including both the principal and interest for approximately 6 months.