Get the real deal on property buys in Malaysia
OVERSEAS property investments are drawing interest from Singaporeans as property curbs limit real-estate purchases here.
One location that could be of interest is Sabah.
Timing, location and branding are three factors that buyers should consider when investing in Sabah properties, said Chris Tan, founder and managing partner of Chur Associates.
He will be speaking at a My Paper Advance seminar on investing in Johor and Sabah real estate on Oct 19.
"Sabah, especially its capital, Kota Kinabalu, is undergoing a major transformation with a lot of construction taking place," he said.
Mr Tan noted that Kota Kinabalu has one unique factor that other cities in Malaysia do not possess - building-height restrictions due to its airport's proximity to the Central Business District (CBD).
Therefore, tall buildings cannot be built in the CBD. This means the supply of land in the city is limited.
So the value of buildings is expected to appreciate, said Mr Tan.
Another speaker, Richard Oon, national tax director at TY Teoh International, will shed light on Malaysia's impending goods and services tax (GST) roll-out, and how it could affect property investments in the country.
"There are some differences between the GST system practised in Singapore and the one which will be implemented in Malaysia," he said.
"The general public does not seem to understand how GST will affect everyday life and, even less so, property investments."
By understanding how GST works in Malaysia and how it may potentially affect the prices of properties and return on investment, a property buyer will be better placed to decide when to buy or sell properties, he explained.
The other two speakers at the Advance seminar are Khalil Adis, founder of Khalil Adis Consultancy and brand ambassador for Iskandar Malaysia, and Vincent Tan, head of Mah Sing Group's Singapore office.
Mr Adis will discuss the incentives and pitfalls of investing in the development region of Iskandar in Johor.
Mr Vincent Tan will speak on Malaysian real-estate trends.
The Advance seminar will be held at Singapore Press Holdings' News Centre Auditorium in Toa Payoh from 2pm to 5pm on Oct 19. There is a registration fee of $5, and participants will receive goodie bags and refreshments. To register, visit pbp.sph.com.sg/mpadv