Friday, October 30, 2015

Security Versus Luxury II

Some people prefer to live in high rise building with many facilities and security. They thought the 24 hours security plus strict floor accessibility and stand by guards are sufficient to ensure they are safe. On the contrary, high rise building even with security guards are still exposed to higher probability for unwanted incidents. I don't really realize this until I made some simple past incidents.

There were many cases where people were robbed while living in an apartment. The most recent case was a woman was robbed in a lift in Setapak Condominium. The condo has a 24 hours security and close circuit TV. Yet, nothing can prevent the robbery. After almost a week, there is still no news that the perpetrators were caught. (http://www.thestar.com.my/News/Nation/2015/10/24/Crime-Woman-Attack-elevator/)

Some bad accidents also happened in high rise building which are hard to control. It could be due to young age, unsound mental health, too tired, and etc.. Some of the news I gather here should be sufficient for you to think carefully. Today, your physical and mental health may be at optimum. How about the next 10, 20 or 30 years?

A man in Malaysia fell eight floors from a condominium and not only survived after crashing through the carpark roof, but used his mobile phone to call his father.
The advertising worker had just bruises on his legs after falling from a condominium block in Bagan Ajam in Butterworth, Penang on Sunday evening.
http://www.straitstimes.com/asia/se-asia/man-falls-8-floors-from-penang-condo-but-survives-mostly-unscathed-calls-dad-on-phone



Foreign student survives fall from condo window



Air stewardess plunges to death from Bukit Jalil condo 

KUALA LUMPUR: An air stewardess plunged to her death from the fourth floor of a condominium block in Bandar Bukit Jalil here.
In the Monday incident, Cheras OCPD Asst Comm Chong Kok Sin said the fully clothed 29-year-old woman was found sprawled face down on the ground at about 6.30pm.
"There were signs of critical injury on her head and body. She was wearing a black shirt and black skirt when her body was found.
"Initial investigations revealed that she had fallen through a window on the fourth floor," he explained.
http://www.thestar.com.my/News/Nation/2015/08/25/Stewardess-falls-from-condo/

Somali man falls to his death at condominium



A Somali man died after falling from his 7th floor unit at Kondominium Villa Putra, Jalan Tun Ismail, Kuala Lumpur, about 5pm yesterday.
Dang Wangi police chief, ACP Zainol Samah said Hussein Mohamed Rabi, 44, died at the scene due to the injuries sustained in the fall.
- See more at: http://www.themalaysianinsider.com/citynews/greater-kl/article/somali-man-falls-to-his-death-at-condominium/somali-man-falls-to-his-death-at-condominium#sthash.oKENHm06.dpuf

New mother falls to her death from 16th-floor condo
KUALA LUMPUR: A new mother fell 16-floors to her death at her Bangsar South condominium, just 10-days after she gave birth to her first child.
Police said it is believed the 30-year-old accountant handed over her crying child over to her maid for feeding at about 10am Saturday, and fell from the balcony of her home while the maid and child were in another room.
She was found in a pool of blood by security guards, on the ground floor. She was declared dead at the scene. Police have ruled the incident a sudden death.

 http://www.thestar.com.my/News/Nation/2015/10/25/Mother-falls-from-condo-baby/


Somali man falls to his death at condominium

A Somali man died after falling from his 7th floor unit at Kondominium Villa Putra, Jalan Tun Ismail, Kuala Lumpur, about 5pm yesterday.
Dang Wangi police chief, ACP Zainol Samah said Hussein Mohamed Rabi, 44, died at the scene due to the injuries sustained in the fall.
- See more at: http://www.themalaysianinsider.com/citynews/greater-kl/article/somali-man-falls-to-his-death-at-condominium/somali-man-falls-to-his-death-at-condominium#sthash.SfbThA35.dpuf

 A Somali man died after falling from his 7th floor unit at Kondominium Villa Putra, Jalan Tun Ismail, Kuala Lumpur, about 5pm yesterday.

Dang Wangi police chief, ACP Zainol Samah said Hussein Mohamed Rabi, 44, died at the scene due to the injuries sustained in the fall.

A Somali man died after falling from his 7th floor unit at Kondominium Villa Putra, Jalan Tun Ismail, Kuala Lumpur, about 5pm yesterday.
Dang Wangi police chief, ACP Zainol Samah said Hussein Mohamed Rabi, 44, died at the scene due to the injuries sustained in the fall.
- See more at: http://www.themalaysianinsider.com/citynews/greater-kl/article/somali-man-falls-to-his-death-at-condominium/somali-man-falls-to-his-death-at-condominium#sthash.SfbThA35.dpuf

http://www.themalaysianinsider.com/citynews/greater-kl/article/somali-man-falls-to-his-death-at-condominium/somali-man-falls-to-his-death-at-condominium

The high probability for bad incidents to happen is one of the main reasons for me to decide not to invest in any high rise building investment (where both have security). And since I live in Johor Bahru, lands are still plenty; it is more strategic to invest in landed property than in high rise property. 

Another consideration you have to think is a landed property development must be completed in 2 years while a high rise property development must be completed in 3 or more years. This also means you have to pay more interest to the bank. Although some developers love to use DIBS scheme, you still lost opportunity for next investment since you income per expenditure is less while the buildings are still under development.

Of course if you live in Kuala Lumpur and Penang Island, you have less choice to invest in landed property. But, investing in landed property in those areas will give you much higher return in the long run. But the most important thing is landed property has less probability for unwanted accidents compared to high rise building. Some of you may disagree, but that is the reality.


The more important question is what is your strategy to ensure you can maintain the bank loan repayment. Anyway, landed property investment should be your next major milestone if you have not done any yet in Kuala Lumpur, Penang and close surrounding area. For Johor Bahru, opportunity in landed property investment is still plenty. Again, what is your best strategy to achieve it!?

Somali man falls to his death at condominium

- See more at: http://www.themalaysianinsider.com/citynews/greater-kl/article/somali-man-falls-to-his-death-at-condominium/somali-man-falls-to-his-death-at-condominium#sthash.SfbThA35.dpuf

No comments: