{"id":29089,"date":"2017-04-06T23:33:54","date_gmt":"2017-04-06T15:33:54","guid":{"rendered":"https:\/\/direct.imoney.my\/articles\/?p=29089"},"modified":"2017-04-06T23:33:54","modified_gmt":"2017-04-06T15:33:54","slug":"location-is-still-the-most-important-factor-for-house-buyers-in-2017","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/location-is-still-the-most-important-factor-for-house-buyers-in-2017","title":{"rendered":"Location Is Still The Most Important Factor For House Buyers In 2017"},"content":{"rendered":"

Location is found to still be the most important factor in the recent PropertyGuru\u2019s Malaysia Property Market Sentiment Survey<\/em>, while safety and property size rank above price for Malaysian homebuyers in 2017.<\/p>\n

This change in home-buying criteria is due to more Malaysians turning to residential areas father away from urban areas, said PropertyGuru Malaysia manager Sheldon Fernandez.<\/p>\n

\u201cAs people look to new areas outside of the city centre that meets their budget, location remains a priority but with safety and security growing in importance.<\/p>\n

\u201cLiving further away, people generally want the benefit of space. Hence, the emergence of these three factors at the top,\u201d Fernandez said.<\/p>\n

The top considerations are location (98%), security and safety of the property location (84%) and property size (73%) in a list of 18 factors.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Top 8 considerations for prospective house buyers for 2017<\/center><\/th>
Top 8 considerations for prospective house buyers for 2016<\/center><\/th>\n<\/tr>\n<\/thead>\n
Property location<\/b><\/td>
98%<\/center><\/td>
Property location<\/b><\/td>
61%<\/center><\/td>\n<\/tr>\n
Security and safety <\/b><\/td>
84%<\/center><\/td>
Per-square-foot (PSF) price<\/b><\/td>
59%<\/center><\/td>\n<\/tr>\n
Property size<\/b><\/td>
73%<\/center><\/td>
Future developments in the area<\/b><\/td>
58%<\/center><\/td>\n<\/tr>\n
Infrastructure and available amenities<\/b><\/td>
70%<\/center><\/td>
Potential rental yield
\nProperty size
\nDeveloper\u2019s reputation
\n<\/b><\/td>
57%<\/center><\/td>\n<\/tr>\n
Developer\u2019s reputation<\/b><\/td>
67%<\/center><\/td>
Security and safety
\nProperty tenure (leasehold\/freehold)
\n<\/b><\/td>
56%<\/center><\/td>\n<\/tr>\n
Future developments in the area<\/b><\/td>
64%<\/center><\/td>
Loan eligibility<\/b><\/td>
55%<\/center><\/td>\n<\/tr>\n
Property tenure (leasehold\/freehold)<\/b><\/td>
63%<\/center><\/td>
Potential capital appreciation<\/b><\/td>
54%<\/center><\/td>\n<\/tr>\n
Per-square-foot (PSF) price<\/b><\/td>
60%<\/center><\/td>
Subsidies<\/b><\/td>
54%<\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nSource: PropertyGuru Malaysia<\/font><\/i><\/span>\n\n

 <\/p>\n

The survey findings point to a shift in mind-set this year, Fernandez added.<\/p>\n

The potential rental yield factor sliding down the list indicates that there are now more \u201cowner-occupiers\u201d rather than investors in the market.<\/p>\n

\u201cBut importantly, foremost on the minds of Malaysians is to secure a property; to get a roof over their heads whereas before they would probably also be thinking of potential rental yields and capital appreciation,\u201d he said.<\/p>\n

Though potential rental yield (57%) and potential capital appreciation (54%) both found their way in the top 8 list last year, both factors took the 11th<\/sup> spot this year at 53%.<\/p>\n

Price is still an important driver<\/strong><\/h2>\n

Though price is not ranked in the top three considerations, it is still an important factor that sway Malaysians\u2019 house buying decision.<\/p>\n

This is evident in the increased demand for affordable housing and the falling demand for luxury homes.<\/p>\n

The survey found that close to 40% of 577 respondents were prepared to spend RM300,000 to RM500,000 to buy a property in 2017. This indicates \u201cthe sweet spot of what the majority of Malaysians are willing to fork out for a home\u201d, said Fernandez.<\/p>\n

\u201cThis is consistent with market trends, where properties priced RM300,000 to RM500,000 have done well. Properties priced between RM500,000 to RM700,000 will also see some movement.<\/p>\n

\u201cBut 2017 is unlikely to see a recovery in the higher-end market. Properties closer to the RM1 million mark will generally be hard to sell though there will always be exceptions,\u201d he said.<\/p>\n

The survey also found an increased interest in properties located in the outskirts of Selangor, with 29% of potential house buyers now regarding those areas as preferred location for houses, compared to only 25% in 2016.<\/p>\n

\u201cThis indicates the emergence of new property hotspots in suburban areas of Selangor \u2014 between 20-40km from the city centre such as Rawang, Sungai Buloh, Semenyih, Ulu Kelang, Ampang and others,\u201d he said in the statement.<\/p>\n

Apartments and condominiums remain top choices followed by landed terrace houses. However, demand for bungalows and semi-detached homes \u2013 typically priced higher \u2013 wanes in 2017.<\/p>\n

[Source<\/a>]<\/em><\/p>\n

Image from The Sydney Morning Herald<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Location, location, location still rings true!<\/p>\n","protected":false},"author":9,"featured_media":23302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,21],"tags":[],"class_list":["post-29089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-properties"],"acf":[],"yoast_head":"\nSurvey: Malaysian Home Buyers Still Prioritise Location In 2017<\/title>\n<meta name=\"description\" content=\"The findings of this latest survey by PropertyGuru reveals a lot on the property buying outlook in 2017.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/location-is-still-the-most-important-factor-for-house-buyers-in-2017\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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