The EdgeProp.my Talk themed “Are you destroying your investment in real estate?” held on Oct 20, 2018 saw about 250 attendees who hung on to every word of the experts who spoke at the event.
The free talk was organised by property portal EdgeProp.my with partner Nippon Paint Malaysia. Nippon Paint was also the venue sponsor.
In her welcome speech, EdgeProp.my executive editor Sharon Kam stressed that although property investment has proven to be a great generator of wealth, some property investments have been known to turn bad.
“Why? This could be due to numerous reasons but all of these point to a person being ill advised.
“Detailed research is needed, it is the least you can do for yourself as an investor. Base your investment decision only on trusted and credible sources. There is a lot of chatter out there, especially on social media.
“As an investor, what must you do after signing on the dotted line? Are you aware that you can actually destroy your investment? Our esteemed panel of speakers will share with you what works and what does not for property investors,” said Kam.
EdgeProp.my managing director and editor-in-chief Au Foong Yee kick-started the talk with her presentation entitled “What are you getting into? Make informed investment decisions”.
During her session, Au highlighted that the market is never short of housing supply. The main concern is the low discretionary income as people just cannot afford to buy a home.
The next speaker was founder and managing partner of Chur Associates Chris Tan who enlightened the audience regarding the rights of landlords in the current tenants’ market in his presentation “When tenants are king! | Navigating the landmines”
Tan was followed by chairman of Sri Penaga Management Corp Khaw Chay Tee. The 22-year-old Sri Penaga Condominium was a Gold winner at EdgeProp Malaysia’s Best Managed Property Awards 2018. Khaw in his talk entitled “Old can be Gold | It’s in the genes. Really?”, provided some tips on what to look out for when investing in old properties.
The final speaker was accredited building inspector and trainer Anthony Lee Tee whose talk was entitled “Safe building, investment safe | Ignore and, well, just pay for it!”. He emphasised the impact good maintenance has on property values and towards worry-free living.
Tan, Khaw and Lee then took part in a panel discussion moderated by Au on the topic “Do landlords still grow rich in their sleep?” which had the speakers responding to questions from the floor.
The talk ended with a lucky draw which saw Foo Koo Ying winning the grand prize of an iPad Pro with keyboard worth RM3,500 while Chua Teck Hang, Chan Chee Wai, Ho Tat Heng, Thomas Chew and Chen That Yin went home with a 2kg ABC dry powder portable fire extinguisher each.
The crowd also took the opportunity to visit Nippon Paint’s Forward Coatings Expo 2.0 exhibition at the venue in Shah Alam as well as EdgeProp.my’s booth to learn more about the tools available on the portal that could help them in their property investment decisions.