As the global economy and share markets
are unstable, people are worried about inflation. Therefore, many people have
turned to property investment. Are you currently looking for a property as
well? Whether it is for investment purpose, own stay or retirement plan, property in Ipoh is a good choice. Ipoh is the capital of Perak and it is located just
beside Kinta River. The distance from Ipoh to Kuala Lumpur and Penang is also
short as it would take only a 2 to 3 hours drive by car. Housing estates have
been expanding in Ipoh, especially in Meru, Jelapang, Klebang and Lahat. This
article will guide you through the reasons for buying home in Ipoh.
- Do you like it?
After going through the properties
available in Ipoh, have you found one that you like yet? Do you like the show
house? Have you planned the layout for the house yet? Have you already imagined
which room you would like to have? What about the garden available? Is the garden
big enough for you to plant trees or home grown vegetables? Is the house
spacious enough for you? If the answers to all the questions satisfy you, then
this is the right house for you. As much as people’s opinions matter, it is
also essential that you stick to what you like and prefer because you will be
the one to buy the house and stay in it. It all boils down to personal
preference. What people like may not be what you like so do not be afraid to
follow your instinct and stick to what you prefer.
2.
Is it near?
Location plays an important role as well when it comes to buying a house in Ipoh. Is the house near to
the school where your children attend? Is it reachable within 10 to 15 minutes?
For Ipohans, anything more than 15 minutes is considered as far and therefore,
not convenient. List down the places that you will be going frequently to know
which area you should invest in or purchase your property.
In addition decide on which kind of
property you prefer. Most people would prefer landed houses over apartments,
hence making apartments much more affordable than landed property due to the
demand. The average price per square meter outside of the city center is
approximately RM3,500.
3.
Affordability
The most important factor that you should
take into account is whether you can afford the house or not. Although the
houses in Ipoh are generally much cheaper as compared to houses in Kuala Lumpur
and Penang, you should still do your research beforehand and plan your budget to prevent getting yourself into a huge debt. Set realistic budget and
stay within your means. Make sure you stick to your budget so you do not suffer
from being in debt. It is reported that demand for properties in Ipoh is
relatively high from outstation buyers due to the affordable and relatively
cheaper prices in properties as compared to properties in major cities. Most
landed properties in Ipoh are priced below RM1,000,000.00, except for bungalows
that may cost slightly more than RM1,000,000.. However, you could always opt to
buy secondary properties, have it renovated and it would still be under RM1,000,000.00.
Do bear in mind that the price of the house is also greatly depending on the
location of your prefered house.
4.
Safety
As safety is one of the most important
concerns that most people have, interested buyers can be assured that the
security in Ipoh is under control as the quality of life in Ipoh is relatively good. In addition, the safety in Ipoh is also
much better as compared to the safety in Kuala Lumpur. The crime rate is
relatively lower as well as compared to the crime rate in Kuala Lumpur. A safe
living environment is definitely every house buyer’s main priority. Moreover,
Ipoh is less saturated as compared to developed cities such as Kuala Lumpur and
Penang. Safe neighbourhoods are good to consider so do look out for a safe
neighbourhood before deciding on which location to settle.
That being said, Ipoh is definitely a
great place to buy a home. Do look out for different property developers that
are reliable and trustworthy, and do your research before you start hunting for
a house. Make sure you invest in the right residential project.
In conclusion, with Ipoh being the third
biggest city in Malaysia, Ipoh definitely has the potential as the next
property hotspot in Malaysia. As Ipoh is progressing steadily, many investors
are anticipating the city to develop further. Do however bear in mind that the
appreciation value for properties in Ipoh will be slower as compared to the
appreciation value for properties in major cities such as Kuala Lumpur and
Penang.
