Freeman Woo & Team

Celebrating the spirit of Merdeka with Kith & Kin. Let’s honour our heritage and embrace the future together! 🇲🇾

The wait is finally over! 🎉 We are thrilled to reveal the venue for this year’s Townhall 2024 happening on 20th August at PJPAC, One Utama! 🎊

Join us for an unforgettable gathering filled with friendship, inspiration, and celebration! 🥳

🗓️ Save the date, set your reminders, and get ready for an incredible experience. This is an event you won’t want to miss!

Make sure to RSVP on Discord by 3rd August to confirm your attendance. 📝

Stay tuned for more updates and surprises as we count down to Townhall 2024. Get ready to create lasting memories! 🌟

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Dear Esteemed Mates,

In our dynamic world of real estate, where independence reigns and every day is a new adventure, it’s easy to feel like you’re navigating the waves alone. We each have our unique approach, clientele, and set of challenges, making our community incredibly diverse and rich with experience. I’m reaching out today, not just as a leader but as a fellow traveler on this exhilarating journey, to invite you to our very special gathering - our

Friday Breakfast Club at Kanteen Mont Kiara.

🗓 Date: 12th July 2024
🕘 Time: 9:00 AM - 10:30 AM
📍 Location: Kanteen Mont Kiara

This isn’t just another meeting or a box to tick on your weekly schedule. It’s an opportunity for us to come together as a team, a family, not defined by transactions or listings, but by our shared experiences, dreams, and sometimes, our fears.

Whether you’re at the pinnacle of your career, just starting out, juggling parenthood, or anything in between, your story adds invaluable depth to our tapestry.

Our diversity is our strength, offering a spectrum of insights that can only enrich our collective understanding and success. I understand the commitment it takes to step away from our independence and sit together, which is why these breakfast sessions are not about obligation. They are about opening a door to a space where you can share, learn, laugh, and sometimes, find solace in knowing you’re not alone.

🌱 This Friday, let’s plant the seeds of camaraderie, understanding, and mutual support. Let’s remind ourselves that, even as independent realtors, we are part of a bigger team, a community that thrives on connection.

Attendance isn’t compulsory, but it is encouraged. It’s about showing up for yourself and each other, fostering an environment where every member can flourish, both personally and professionally.

So, I invite you to join us with your favorite smile, ready to mingle, share, and celebrate the unique journey of each member. Together, we can create a space where everyone feels understood, supported, and part of something greater. Looking forward to seeing you there,

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🤑💼 Today we’re having a financial sharing session!

A lot of realtors always ask, “How much can we earn?” and worry about income instability because we’re self-employed. 🤔

But in fact, we should first understand what financial planning is and figure out how much we need to achieve our goals. 📈💰

Don’t become a “slave”! ⚠️

A big thank you to Kith and Kin for organizing this sharing session, and special thanks to Rebecca & Solomon Oon for their insights! 🙌

Roger Federer delivers an inspiring commencement speech to the graduating class at Dartmouth, drawing on a lifetime of lessons learned on court.

📷: Eli Burakian

The Real Causes of Property Overhang

The property overhang in Malaysia is attributed to several factors:

1. Mismatched Development:
• There is a development of properties that do not align with the mass market demand in terms of location and pricing. This mismatch creates a surplus of properties that are not attractive to buyers.
2. Government Policies and Regulations:
• Government and state agency policies have inadvertently contributed to the overhang. For instance, the requirement for developers to allocate a portion of their projects to affordable housing has led to an imbalance, with the remaining units becoming harder to sell.
3. Bumiputera Release Mechanism:
• Complications arising from the bumiputera release mechanism further exacerbate the issue, making it difficult to release unsold units to the general market.
4. Land Supply and Unsuitable Locations:
• A significant portion of the land allocated for development is not always suitable for affordable housing, leading to projects in less desirable locations.

Market Dynamics and Financial Aspects

• The glut in the property market is expected to remain a challenge, with easing likely to take several years. This is due to the continuing mismatch between supply and demand, along with the financial burden on developers and buyers alike.
• Strategies proposed to address the overhang include better financial packages for the B40 group to ensure affordability and measures to make unsold properties more accessible to potential buyers.

Statistical Insights

• Over the years, the residential and serviced apartment sectors have seen fluctuating levels of overhang, with a notable increase in recent years. The data from 2016 to 2023 show a rise in unsold units, particularly in the serviced apartment category.