Is the market bad for investment in KL?

On Friday night, I was asked the above question by a client. A common question that we hear regularly in the past 2-3 years so I wasn't surprise by it anymore. My answer to this client was simple... "Yes, currently the market sentiment is not as optimistic as 4-5 years back, but that doesn't means it is a bad market to invest". Investment is personal. It depends on each person risk appetite, readiness and financial stability at the time the person decides to purchase a property for investment. If the person is not ready, then the person will never think the market is good for investment irregardless whether we are in a bad or good market. Readiness in all aspects - financially, emotionally and mentally are the keys to investing successfully. 

When a person is not ready, even in a good market where the economy is robust and growing, properties prices are on an upward trend and bank loans are easier to obtain, there will still be clients who think the market is bad for investment. Why? Because they will say the prices are too high and unhealthy, hence not the right timing to invest. And they will say, "let's wait until the properties price to drop and correct because now it is too costly to invest". 

If a person is ready to invest, the person will see the bad market as a good opportunity to grab some good properties for mid to long term investment. We can never time the market as to when we should buy and sell. We can only invest base on our own risk appetite. 

As a professional consultant, I will not persuade my clients to buy if my clients are not ready. I will provide all the data (pros and cons) about the current market and the properties/projects my clients are interested to invest in so that my clients are able to make an informed decision. 

Always remember, a good or bad market to invest is not determined by the economy, but by yourself. Your own risk appetite play the major role in your investment decision. Do your homework and if you do find a good property to invest and you are ready, don't hesitate because a slow market doesn't means that particular property or project will not sell like hot cake :-)! 

Happy hunting and investing!