Section 2: Understanding the Summary Tab
The Summary Tab is designed professionally based on PropertyLab's 2+2+1 Investment Principles, helping you quickly evaluate a project's basic facts and assess its fit for your investment goals.
When you land on the Summary Tab, you'll first see the Quick Facts section, which includes:
- Project Name & Developer: Understand who is behind the project and their reputation.
- State & Area: Know the exact location and submarket.
- Completion Year: Important for timeline planning, especially for short-term goals.
- Land Tenure: Freehold generally has higher value, while leasehold requires exit strategy planning.
- Land Use: Indicates if it's HDA (residential) or non-HDA (commercial).
- Total Units & Towers: Gives a sense of density and potential supply competition.
- Maintenance Fee: Helps in monthly cost estimation.
- Price Range: Helps match the project to your loan eligibility and budget.
We also provide Location Highlights that show nearby amenities in a simplified and visual way. If the developer has a project video, it will be included here as well to enhance your understanding.
Q1: Why is the completion year important for property investors?
It helps you plan your investment timeline. If you're looking for quick rental income or capital gain, sooner completion may be preferable.
Q2: Should I avoid leasehold properties?
Not necessarily. Leasehold properties can still be a good investment if bought below market value and with strong cash flow potential. The key is to plan your exit strategy well.
Q3: What is the difference between Commercial HDA and Non-HDA properties?
Commercial HDA is treated like residential property under HDA laws, while non-HDA is fully commercial and subject to different loan rules, such as a lower loan margin (max 85%) and higher utility costs.
Q4: How does price range help me decide?
It allows you to compare the unit's cost to your loan eligibility and financial goals. Remember, buying within your comfort zone is smarter than stretching your finances thin.
Notes for Beginners
NOTE: Just because a project is leasehold or commercial doesn't mean it's a bad investment. It means you need a clear exit strategy. Buying a leasehold project below market value with positive cash flow can be smarter than overpaying for a freehold property with no upside.
Commercial HDA vs Non-HDA:
If it's non-HDA, you'll likely take a commercial loan (max 85% margin). These don't count toward your 2x 90% residential quota. Be cautious — non-HDA properties might have higher maintenance, commercial utility rates, limited financing options, and tenancy risks if not well-located.
Investor Tip:
Being able to afford a RM1 million loan doesn't mean you should buy a RM1 million property. Sometimes a RM500K property with strong ROI is the smarter move.
Recap Summary Table
| Item | Description |
|---|---|
| Completion Year | Year the project is expected to be ready |
| Developer | Name of the company developing the project |
| Land Tenure | Freehold or Leasehold |
| Land Use | HDA (residential) or non-HDA (commercial) |
| Total Units | Number of units in the entire development |
| Maintenance Fee | Monthly fee per sqft for building upkeep |
| Price Range | Estimated pricing range for different layouts |
Continue to Section 3: Financial Analysis