No one would know for sure what is going to happen in the property industry for next 10 years.
However, the following factors may contribute to the popularity of Lease Option in Malaysia:
1) ECONOMY: The banks are tightening their loan approval in view of the global economy conditions. Purchaser/ Borrower/ Investor would face more obstacles in applying for loans.
2) RULES: The 70% ruling on financing by Bank Negara Malaysia has substantial impact on property buyers.
3) TAXES/ STAMP DUTIES: Real property gains tax, stamp duty for transfer/ loan, lock-in period penalty etc - not payable for Lease Option.
4) CRISIS/ BUBBLE?? Lots of Motivated Sellers? [nobody knows this...]
It is the best time to learn the skills now : )
By: TEH TAI YONG
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