Turning real estate into real fortune


ESTABLISHED speakers will be sharing their knowledge and experiences in the property market at the “Pameran Perumahan Edisi Bumiputera”.

The fair, which will be held at Aeon Mall Shah Alam from tomorrow until July 1, aims to help visitors expand their understanding of the property sector.

The speakers on June 30 and July 1 will include Khalil Adis Consultancy Pte Ltd founder Khalil Adis and MyCribBooking founder and chief executive officer Akmal Nizam, among others.

Topics range from expanding wealth by investing in real estate to converting existing properties into income generators.

Khalil will be speaking on how current government policies are influencing the property market as well as the lifestyle of residents in the Klang Valley and Greater Kuala Lumpur.

“This has resulted in the implementation of transport-oriented development (TOD) projects.

“The audience will gain insight into how infrastructure projects such as the MRT and LRT influence property prices of surrounding areas,” he said.

Khalil added that TOD was the next step forward as car ownership was no longer sustainable and considered a liability.

“It would be better for first-time homebuyers to invest their money in an appreciating asset such as property close to a transport hub which can provide numerous benefits – appreciation in property value, savings on transport costs as well as better leverage should they rent out or sell their property in the resale market or upgrade to another home,” he said.

Khalil said TOD could help in nation building as it makes the nation more productive by reducing commute time.

“A less stressed and irritated commuter will result in a more productive workforce, which will have a positive impact on the economy,” he concluded.

Meanwhile, Akmal will focus on making homes into a viable source of income by converting them into guest houses or homestays.

“Most people think that starting a homestay or guest house is just about having a house and renting it out daily,” he said.

“The majority of them who think this way will give up on this after a mere six months.

“They may find it difficult to find tenants and feel that renting out property on a monthly basis is more viable even though they will earn less. But it is possible to earn two to three times more compared to renting out the property.

“For the past five years, more and more people have turned their properties into homestays or guest houses,” he added.

Akmal said converting a house into a home stay or guest house and earning from it was not difficult.

“It is no different from having a house furnished to your liking. Of course, extra facilities such as air-conditioning, swimming pool, TV and a proper place to cook will create better traffic and demand for your homestay.

“It is not rocket science. You should make sure the house is liveable, clean and adequately maintained,” said Akmal.

However, he cautioned that one should not overdo it unless one has a different target market such as in a niche area where it will draw more guests to the homestay for experiential purposes.

“These are the common things people may think of, but they forget other factors that are equally important – location, marketing and management,” he added.

For details, visit fair.starproperty.my

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Metro , Central Region , Star Property , Shah Alam

   

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