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Eric Chong (unverified)


About Eric Chong

Agency : Chester Properties (HQ) Sdn. Bhd. ( E(1)1321)

I am Eric Chong, a dedicated and professional Real Estate Negotiator from Chester Properties (HQ) Sdn. Bhd. with a minimum of 5 years experience in the real estate industry.

I specialise in the following:

ONE STOP PLATFORM for property, No.1 Property Services in Malaysia :

- Personal Property Consultation
- Property Management
- Mortgage Loan Consultation
- Property Purchasing
- Professional Property selling
- Property Legal Process

Visit Eric Chong's personal website.

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Hi all, I'm Eric Chong, property investment consultant in Malaysia. 1st of all, sorry that my english is'nt proper, but i hope my sharing can really ADD VALUE for you.

I realise that was many property "Investor" in Malaysia, but not everyone of them can make money,

Here i am to share 3 strategic whether how am i going to do property investment :

1st. Clarify "NEEDS" of the location

Always clarify that what is lacking on this area.

Example : 

Cheras have a lot residential. Should i invest residential?

In my suggestion, i would like to invest Shop lot, High end offices, factory, shopping mall etc.

We need to always know what is the needs of this area.

Suggestion to  Invest :

Hotel Management project in Melaka 

Reason : Melaka town is tousirm area, they are lack of hotel. 

2nd Future Development of the area 

There is always investor say : I MUST BUY PROPERTY IN KL, ONLY KL will earn money?

Is it true?

Yes, it is true, If you are buying property in KL 10 years ago.

Because 10 years ago, KL is in the midst of development.

So that this story tell us, for location who are in the developing, definately will earn money.

Suggestion for invest : township investment. which 1 developer build the whole township. ( But price need to take as consideration )

3rd Rental Income VS Monthly installment

How to identify should i invest this property? 

Example : 

Property price : RM 500,000

Loan : 90% RM 450,000

Interest : 4.5% ( take it as reference)

Tenure : 35 years.

Monthly Installment : RM 2,130

Your monthly rental income should more than RM 2.6k and above.

But there is alot investor monthly installment was RM 2.1k, but rental income only RM 1,500.

this is negative cashflow.

Perhaps that my sharing can give you a little bit idea on how to invest.

Again. sorry for alot of broken english. But i was trying to give more value to everyone investor in Propsocial. Chill


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Economic and property market is slightly slow than previous, as can seen all of this through news, here I'm gonna share with you guy a new trend in property investment in Malaysia. Service Apartment, Hotel Management.

Service apartment come with hotel investment is a concept which purely designed for Investor. After u buy your property for investment, developer will help you manage your property as 4 Stars Hotel . Here is some of benefit of Hotel Investment :

1. Rental income of hotel investment is higher than normal rental

As a normal rental in the market is about RM 1,500 to RM 3,000 per months. It was depends on Location, Populations and facilities nearby like University, offices, Public transport of conditions.

But for hotel investment, rental income was charge by day. There is less possibilities 100% occupancy rate of the hotel, as i take it was just 50% occupancy rate per months, Per night rental was RM 300, there is 2 rooms of a service apartment, 15 days / 30 days rent out.

Per night :RM 300 

Rooms of Service Apartment : 2 rooms

Rent Out : 15 days / months

Rental income : RM 9,000 / months

2.  Rental of Hotel Investment is stable than normal rental 

There is alot of new project of Service Apartment/ Condo is under construction, so we never will be know how was the rental and demand after completion. We don't even know that can we rent out of our property. There is too alot of unpredictable or risk that investor need to bare.

For Hotel Investment, developer will provide Guarantee Rental Return for 1st 3 - 5 years for investors, so they noneed worry about for rentals. 

3. Hassle Free Investment

For normal rental of service apartment/ condo, there will be alot of issues to follow up from tenant like when the light is having some problem, electric, refrigerator or any problem of property. Owner need to spend his time/money to solve the issues, Just imagine how if owner have alot property and need him to manage all of this?

For Hotel investment, hotel management will help you solve everything by foc. they are the person who will be managed the 4 Stars Hotel. And they will make sure your property was well kept due they want to use it as hotel. So basically you want to resell in the market, will having high value with NO rennovation cost compare without hotel investment service apartment.

4. Able to endure Economy Crisis & Property Bubble Crisis

Hotel Investment won't be affected by property bubble crisis, because you was lease your property to developer already, there is no any risk comes from you. 

Target audience of service apartment/ condo is different. Normal Service Apartment/Condo is targeting students, worker, foreigner market.

But hotel is targeting outstation business people, tourism, which able to spend money and get ready for hotel cost, they won't because of economy crisis or bubble and stop visiting our location. Here little tips for you that prefer getting property of hotel investment which having tourism value. so the more high occupany rate of your hotel investment.

Here is a small sharing to you guy about hotel investment. Any question can just ask me by below, Thanks and have a nice day.

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Not really recommend to invest there.

1st. not much population for staying there. transport not convenience. 

2nd. There is so much of free Hotel in first world already. If u are looking for Tourism Places and property investment, Highly recommend Malacca. 

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Eric Chong, https://dwxbwps5boihg.cloudfront.net/users/avatars/12825/E33C9F8C-E595-419E-838F-0DB2E7D77E59.jpeg Homepage: Agency: Chester Properties (HQ) Sdn. Bhd. Property Negotiator My colleague: Jiun En Dalynn Tan Andyyu6888 Thomas