Question 1

How much does it cost to buy a property in Malaysia?

Accepted Answer

According to NAPIC, there were 92,017 residential property transactions
              in the first half of 2021, averaging RM375,000 per transaction. Total
              cumulative value of transactions during this period is RM34.51 billion.
              Of that, 57% of the transactions are priced under RM300,000. 24% are
              priced between RM300,000 to RM500,000 and 14% are priced between
              RM500,000 to RM1 million. Only 5% of property transactions are priced
              above RM1 million.
              For commercial property, there were 10,433 transactions recorded in the
              first half of 2021, averaging RM1.05 million. Total cumulative value of
              transactions during this period is RM10.93 billion. Of that, 33% of the
              transactions are priced under RM300,000. 22% are priced between
              RM300,000 to RM500,000 and 28% are priced between RM500,000 to RM1
              million. 17% of property transactions are priced above RM1 million.

Question 2

How to increase the value of my home?

Accepted Answer

Most people only think of increasing the value of their homes when they
              intend to sell it. But if they spared the effort and expense to add
              value while still living there, they'd also benefit from the improved
              surroundings.

Question 3

What should I be mindful of when buying a property in the secondary market?

Accepted Answer

The biggest benefit of buying a property in the secondary market is that
              the property is ready, is more secure and less speculative. Having said
              that, things like title issuance and title tenure are some of the things
              you need to study carefully before making a decision.

Question 4

How do I calculate how much loan I can borrow to buy a property?

Accepted Answer

Beyond knowing how much cash upfront you need to pay when buying a
              property, you need to know how much loan you are eligible to borrow to
              finance it. Use the EdgeProp Loan Check to calculate before you commit.

Question 5

Which property website is the best in Malaysia?

Accepted Answer

There are a number of popular property portals in Malaysia. EdgeProp.my
              is a property portal focused on empowering consumers with the resources
              they need to make better-informed property decisions. EdgeProp.my users
              can count on it to make sense of the property market by combining
              property listings with up-to-date news, home price data, local
              information and innovative tools.

2 Residential properties for sale in Penang

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