“I urge people out there who have yet to own a house to capitalise now. This is the best time to own a house and these situations don’t come often. I hate to say this, but 5 years from now, the prices of houses will be more expensive.”
Radzi Tajuddin, CEO of Hi HOME
These are words from Radzi Tajuddin, the CEO of Hi HOME, who understands that some young Malaysians prefer to not buy houses because of the unaffordable property pricing.
He’s not wrong. If you’ve been house-hunting around the Klang Valley, you’d know that there is a lack of value for money buys, especially in the new property market, which often comes at very high prices per square feet.
For young Malaysians, their typical price range is only between RM400,000 to RM800,000.
So Radzi made his company’s mission to provide Malaysians with the right property and also to negotiate with the developers to get them the best deals.
Hi HOME has helped over 1,000 Malaysians in buying their first houses, and thus far they’ve transacted over RM360 million through Hi HOME.
Now however with social-distancing and the restriction of large-scale events, Hi HOME has brought the property expo experience online.
To put their words into action, Hi HOME has partnered up with Lazada to launch the very first Hi HOME x Lazada Online Property Expo that will be happening from July 7 to 9, 2020. This also happens to coincide with Lazada’s mid-year 7.7 sales.
How Low Can It Go?
By working closely with government-linked companies such as PR1MA, PNB and UEM, the Hi HOME x Lazada Online Property Expo can offer affordable housing for buyers.
“We can offer a modern 3-bedroom house in KL from as low as RM315,000 and the lowest priced unit available during the expo is priced at RM109,440. I believe young Malaysians would be able to afford these houses.”
As for location and types, you can find a range of properties from condominiums to terrace houses within the city centre or out in the suburbs.
“There’s a house for everyone, for all segments of Malaysians,” said the team.
How Does An Online Property Expo Work?
Instead of just looking at static images or promotional videos, Hi HOME will be utilising LazLive to showcase the properties. This will allow them to live stream while walking around the property so viewers can get a better look and feel of the place.
And no, you won’t be actually buying a house on Lazada itself. Instead, potential buyers can drop by Hi HOME’s Lazada page and browse through their desired homes and buy a voucher from the shop, starting from RM88.
The voucher then entitles the buyer to savings of up to RM300,000, a free 24-month instalment and up to RM30,000 in housing subsidies.
Striking While The Iron Is Hot
With roughly 2 million Malaysians out of a job due to COVID-19, is now even an appropriate time for a long-term investment?
Radzi believes it is—for those who are capable.
“There are people with the capacity to buy a house, especially those with a good financial profile. Properties have been proven to be the safest asset to invest in.”
His other reasons on why it’s prime time to buy:
- 4% interest rate for housing loans now (compared to the 5-6% previously),
- Plenty of developers offering rebates, free instalment plans and discounts,
- Supportive policies from the government such as no stamp duty, MOT fee waived and no tax for selling houses.
“We’ve hit rock bottom and the worst seems to be over (or almost over). I believe the property sector will be bullish because of these reasons.” You can check out the deals on offer on Lazada here.
- For more info on the Hi HOME x Lazada Property Expo, click here.
- The expo will end on July 9, 2020.
- Find out more about Hi HOME here.
Featured Image Credit: Hi HOME
