Help! Please Advice!

[PayBuddy]

For the Malaysian property hold on to it first, they are currently having a cooling measure being implemented. Look here for more information (SOURCE)

It states that Malaysia is mulling a two-fold increase to the floor price of residential properties purchased by foreigners in a bid to prevent prices from spiralling too rapidly.

yep. read more about it, Should help u out with your decision

Originally Posted by PayBuddy

For the Malaysian property hold on to it first, they are currently having a cooling measure being implemented. Look here for more information (SOURCE)

It states that Malaysia is mulling a two-fold increase to the floor price of residential properties purchased by foreigners in a bid to prevent prices from spiralling too rapidly.

yep. read more about it, Should help u out with your decision

Shouldn't one sell when there are impending cooling measures?

Originally Posted by xzxz1993

Hi, Im 20 (waiting for Ns, only son)

My parents passed away recently, I've inherited 3 properties in aus, 2 properties in Singapore (1 I'm living in) and 1 property in Malaysia.

The other property in Singapore is currently rented out, that's gonna give me passive income. 1 of the property in Australia is rented out too.

I'm not sure if i should sell all the properties in Australia since we're all predicting a crash soon.

Note: Im not working/No income
- Hoping to rely on property investments for passive income
- Should i sell all the property in Australia and buy one in Singapore and rent it out?
- Buy stocks?

What should i do?

If you dont intend to go back to Malaysia - suggest you sell that property away. Keep your exposures manageable by only looking at Singapore and Aussieland since you are going to Study. You should focus on studies than worry about upkeeping of properties etc...

Use the money to study and live well. Plan well, save well, and pls dont visit MBS or RWS casinos!

Just my 2 cents worth! most impt is after hearing the views from everywhere, you have the make the decision yourself. Good luck and pls dont waste away your parents hard earned monies.

[xzxz1993]

I definitely don't plan to live in Malaysia, the Malaysia house was bought simply for a weekend house/holiday house and i intend to keep it.

Currently i plan to sell 2 of the properties in australia and keep one and continue renting it out.

Originally Posted by xzxz1993

I definitely don't plan to live in Malaysia, the Malaysia house was bought simply for a weekend house/holiday house and i intend to keep it.

Currently i plan to sell 2 of the properties in australia and keep one and continue renting it out.

Wise. See you know what you're doing. Well done.