Love The High Life? 5 Smart Ways To Get You Closer To Experiencing Luxury

On its own, money can’t buy real happiness. However, it is still a crucial element in order for you to achieve higher living standards. This could lead to increased life satisfaction, eventually making you happier than before. If you love the high life and would like to maintain such a lifestyle, there are five ways to get you closer to experiencing luxury without piling on consumer debts and getting stuck in a financial rut:


  1. Invest your time and money in meaningful experiences – Instead of shopping, going to the cinemas, or hanging out at an overpriced coffee joint, invest your time and money in meaningful experiences. For example, you can take an investment course, visit an art exhibition, volunteer for a cause, or attend a business event to grow your career for greater fulfilment.top_15_luxury_items_at_harrods_zta9q
  2. Purchase high-quality products – Contrary to popular belief, buying cheaper things can sometimes cost you a lot more. With low-quality items, you will end up needing to buy more of them once they reach their usability limit, as they do not last long. Instead, purchase high-quality products that can be used for a long time. Invest your hard-earned money in products that you know will bring you greater
  3. Apply for premier credit cards – If you are smart and financially savvy, a credit card can actually help you save more instead of dragging you down with piles of consumer debts. Just make sure that you know what it takes to get rewarded, and never miss out on your monthly fees. It is even better if you go for a rewards-based credit card, which gives you cashback, miles or points for every ringgit you spend. In addition, you can also take advantage of the other perks like special designer sales for cardholders or cardholder discounts at luxury restaurant or café chains. You can apply for premier bank Mastercards to enjoy similar benefits.maxresdefault
  4. Build wealth with passive income – Technology has made it easier for us to create passive income in various streams. Other than investing in real estate, stocks and bonds, there are plenty of options for you to create online and offline passive incomes. Some of the things that can help you generate passive income include creating digital products, such as selling your stock photography and vectors on marketplaces like iStock, or sharing your expertise by creating an online course or ebook. You can also use applications like Airbnb to rent out your
  5. Take care of your emotional wealth by investing in other people – Aside from focusing on your financial wealth and investing them in productive and rewarding things, you should also invest in other people for the sake of your emotional wealth. People who choose to invest in others, be it saving for your children’s future, creating a scholarship fund, or donating to your favourite charity, are said to be more successful and happier with their life.

The definition of happiness may vary depending on one’s age, experience, talents, passions, values, and culture. There is no denying that spending money wisely allows you to achieve higher living standards, which in turn could lead you to be happier than before. In the end, you get to enjoy some luxury once in a while without the guilt, knowing fully well that you can afford it.

Is 2017 A Good Year To Invest In Property In Malaysia?


In December 2015, Malaysian property investor Dato’ Sri Gavin Tee, who is also the founder and president of Swheng Tee International Real Estate Investors Club, predicted that the country’s property market will start to boom in 2018. According to Tee, the local market will reach its peak between 2018 and 2020 before it enters a mature phase, which is expected to be sometime between 2025 and 2030. A matured stage means plenty of places have been urbanised and developed, like the Iskandar Region in Johor.

In terms of current market performance, the renowned property consultant said 2016 is the worst time for the local property market compared to the past eight years. That said, the market would start to recover and get back on track in 2017, according to Siva Shanker, who is also an expert in the Malaysia property market. Due to the local property market being a cyclical industry, 2017 will be the year for the market to rise again gradually. In other words, 2017 is the year for recovery, and the market will reach its peaks in the following years to come.

These are some buyer’s tips if you’re planning to buy a property and secure a housing loan in Malaysia:about_us_001

  • Secondary properties sell lower compared to the primary market According to real estate experts, compared to the primary market, secondary properties that have been completed for less than five years sell at 5-10% lower. If the property is even older, say 10 years and above, the prices would drop and sell at 20-30% lower compared to the primary market price. For example, a newly developed condo can fetch RM1 million, while a similar condo in the same location could only sell at RM700k-RM800k if it’s 10 years older.1414822499
  • Bigger gaps in second tier market Secondary properties in the second tier market, such as Kajang, Sungai Buloh and Klang, are also selling at 20-30% lower compared to the primary market in the same location.
  • Direct purchase from developers allows for easier financing and greater cost savings Buyers who purchase properties directly from developers have the chance to get financing easily and save more in costs.property_investment_1
  • Timing is the most important factor, not location When it comes to property investment, timing is the most important factor and not location, according to experts. Purchasing a property at the right time could give you a great deal, perhaps not immediately but in time. Connectivity and proximity also play a
  • Watch out for the ‘Rail Revolution effect’ With the MRT, the High Speed Rail from Singapore to Kuala Lumpur, and the LRT Line 2 and 3 within the Greater Klang Valley area in development, there are bound to be opportunities hidden in properties near these rails that are too good to pass up, causing what experts described as the ‘Rail Revolution effect’.lease-one-park-square-nnn-commercial-real-estate
  • Commercial properties in suburban townships will see higher prices Commercial properties in suburban townships such as Bandar Utama, Damansara, Puchong, and Bangsar South will see a rapid rise in terms of price compared to similar properties in other locations, which will see a slow movement.

2017 is the recovery year for Malaysia’s property market. Consider the buyer’s tips mentioned when deciding whether it’s the right moment for you to purchase a property. Check out the four different home loan packages by OCBC Bank that suit your needs and budget.