{ "set": "road", "contract_version": 1, "content_hash": "2c0de8c49b56379c121525760b8dce3b3f6b5de10854b3f6cd78aeb65795b886", "generated_at": "2026-09-25T15:46:04Z", "locale": "en", "locales": [ "zh-Hans", "en" ], "sources": [ "resources/js/utils/academy/learningStudios.js", "resources/js/utils/road/stages.js", "resources/js/utils/road/content/next.js", "resources/js/Pages/Main/Portal/Lms/Partials/Road/RoadOverview.vue" ], "markup": "markdown-bold", "web_path": "/property/academy?tab=road", "cover_image": "/main/images/road/foundation.jpg", "minutes": 142, "stations": [ { "key": "mindset", "letter": "S", "n": 1, "name": "Mindset", "learning_lab": { "title": "A property keeps three sets of books at once", "idea": "Look at price, debt and monthly cash separately. A rise in value cannot make the payment due at the end of the month.", "kind": "equity", "image": "/main/images/road/concept-measure.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Price: the asset's valuation", "Loan: the debt still owed", "Cash: what really comes in and goes out" ], "question": "The property's price rose by RM 50,000. Do you definitely have more cash this month?", "options": [ "Yes, definitely", "Not necessarily — the gain isn't cashed in yet", "Yes, if it's freehold" ], "correct": 1, "why": "A price rise on a property you haven't sold is not cash received. Look at the month's rent, payments and costs.", "action": "Put a down payment, a rent payment and a price rise each into the right one of the three books." }, "chinese": "Mindset · why take this road", "question": "Why walk this road?", "gets": "One promise: calculate first, then view houses", "learns": "First understand why you are buying, then start judging with numbers and evidence.", "minutes": 15, "image": "/main/images/road/foundation.jpg", "tool": { "label": "Learning Hub", "href": "/property/academy?tab=road", "hint": "Back to the DMAIC Road's chapter list: start from the beginning, or pick a stop" }, "terminal": false, "web_path": "/property/academy/road/mindset" }, { "key": "define", "letter": "D", "n": 2, "name": "Define", "learning_lab": { "title": "Able to borrow is not able to buy", "idea": "The down payment, fees and household reserve all need a source. Ryan's money today is not enough to go ahead and buy the example unit.", "kind": "budget", "image": "/main/images/road/concept-define.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Borrowing capacity: a scenario estimate", "Cash to buy: an item-by-item budget", "Short: adjust the plan first" ], "question": "The budget on the right shows a cash shortfall. What is a sensible next step?", "options": [ "Assume the developer covers all of it", "Wait, lower the budget, or add money you can prove", "Ignore the household reserve" ], "correct": 1, "why": "An approved loan cannot fill a personal cash gap. Adjust the plan first, and don't count an unconfirmed rebate as cash you already have.", "action": "Write down real quotes and your reserve target, then work out your own cash ceiling again." }, "chinese": "Set your goal · know your capacity", "question": "What do I want? Can I carry it?", "gets": "The D card: how much the bank will lend you, how many properties you aim for", "learns": "Write your goal as numbers and years, and get clear on your income, your commitments and the cash you can use.", "minutes": 35, "image": "/main/images/road/define.jpg", "tool": { "label": "Wealth Planning", "href": "/wealth-planning", "hint": "Take this card into Wealth Planning: your goal, DSR, how many units, which year" }, "terminal": false, "web_path": "/property/academy/road/define" }, { "key": "measure", "letter": "M", "n": 3, "name": "Measure", "learning_lab": { "title": "Compare types with the same budget", "idea": "A new project may let you pay in stages; a subsale may start collecting rent sooner. Neither route is automatically zero cash.", "kind": "budget", "image": "/main/images/road/concept-measure.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Same starting cash", "Compare entry costs item by item", "Compare waiting time and rent" ], "question": "A 90% loan plus a 5% rebate — does that automatically mean no down payment?", "options": [ "Yes — the two offers add up", "No — check the gap, when the money arrives, and the fees", "Look only at the advertised net price" ], "correct": 1, "why": "Even if the full rebate is paid, a nominal 10% down payment and a 5% rebate still leave a gap, and the valuation and the loan release may come with conditions of their own.", "action": "Get a written payment schedule from the developer and check it together with the bank's valuation." }, "chinese": "Choose the asset type", "question": "So what kind of asset do I buy?", "gets": "The M card: type, route, price range", "learns": "Settle the property type, the buying route, the price band and who you will rent to.", "minutes": 12, "image": "/main/images/road/measure.jpg", "tool": { "label": "Wealth Planning", "href": "/wealth-planning", "hint": "Step 3: put the type, route and price range into your plan" }, "terminal": false, "web_path": "/property/academy/road/measure" }, { "key": "analyze", "letter": "A", "n": 4, "name": "Analyze", "learning_lab": { "title": "Demand needs people, a date and evidence", "idea": "Keep “open”, “under construction” and “announced” apart. Future capacity is not today's number of tenants.", "kind": "evidence", "image": "/main/images/road/concept-analyze.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Who will live here", "When they will arrive", "What proves it" ], "question": "A university announces room for 22,500 people in future. Can you count them all as tenants today?", "options": [ "Yes — announced means demand", "No — check the opening date, the phases and where people will live", "Yes, if you knock off 10%" ], "correct": 1, "why": "Capacity is not actual enrolment, nor the number who rent outside. Also consider timing, campus buildings, hostels, budgets and transport.", "action": "For each reason for demand, note its status, date, source and what is still unknown." }, "chinese": "Choose the area", "question": "Where do I buy this kind of asset?", "gets": "The A card: two candidate areas", "learns": "Check an area's demand and new supply, and write down evidence you can verify for each candidate area.", "minutes": 15, "image": "/main/images/road/analyze.jpg", "tool": { "label": "Area Guide", "href": "/property/academy?tab=area-guide", "hint": "Open the Area Guide area by area to see demand hubs and the new-supply pipeline (one link per shortlisted area; an area not yet in the Area Guide opens its region)" }, "terminal": false, "web_path": "/property/academy/road/analyze" }, { "key": "improve", "letter": "I", "n": 5, "name": "Improve", "learning_lab": { "title": "Pass the first screen, then stress-test", "idea": "A 7% gross rental yield and a positive screening surplus are only this method's threshold, not a guaranteed return.", "kind": "cash", "image": "/main/images/road/concept-improve.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Stick to one unit", "Check every input", "Lower the rent and test again" ], "question": "After you lower the rent, the surplus turns negative. What does that tell you?", "options": [ "The investment will definitely fail", "Be ready to carry the gap, or adjust the price and the plan", "Just use a higher rental listing" ], "correct": 1, "why": "A stress test shows you how much you can take. Accepting, renegotiating the price, switching units or not buying can all be sound decisions.", "action": "Lower the rent by 10%, and record how much you would have to top up and how long you could keep that up." }, "chinese": "Choose the project", "question": "Which project, which unit?", "gets": "The I card: one unit that passed all four screens", "learns": "Compare real projects' prices, rents and cash flow, and explain why each one is kept or ruled out.", "minutes": 20, "image": "/main/images/road/improve.jpg", "tool": { "label": "Analyze Property", "href": "/analyze-property/new-projects", "hint": "Find the Asking PSF, Median PSF and rent estimate in the New Project list, then fill them back into this card" }, "terminal": false, "web_path": "/property/academy/road/improve" }, { "key": "control", "letter": "C", "n": 6, "name": "Control", "learning_lab": { "title": "Who pays for the three months after vacant possession (VP)?", "idea": "With no rent coming in and his living costs taken off, Ryan is RM 1,542 short each month — and renovation money has to be set aside on top.", "kind": "timeline", "image": "/main/images/road/concept-control.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Confirm delivery and documents", "Set aside money for renovation and vacancy", "Record the actual rent and spending" ], "question": "The bank's model says your DSR (Debt Service Ratio) passes, but for three months after VP your household runs short of cash. What do you do?", "options": [ "It passed, so ignore it", "Fix the cash plan first, or buy later", "Add the renovation cost to the rent forecast" ], "correct": 1, "why": "The bank's Debt Service Ratio and your household cash are different checks. The basic gap over three months is RM 4,626, before renovation, repairs and the like.", "action": "Lay out your household cash month by month for the six months around VP." }, "chinese": "Buy · hold · go again", "question": "How do I buy, get through, and hold on?", "gets": "The C card: nine buying steps + three dates", "learns": "From signing, through the construction period, to vacant possession (VP) and renting out: plan what to do and the cash you need at each stage.", "minutes": 20, "image": "/main/images/road/control.jpg", "tool": { "label": "Landlord Management", "href": "/property/landlord-management", "hint": "After handover: renovation · tenants · management · tax" }, "terminal": false, "web_path": "/property/academy/road/control" }, { "key": "takeoff", "letter": "T", "n": 7, "name": "Takeoff", "learning_lab": { "title": "Before your income grows, protect your reserve", "idea": "Side-business income is a net-income scenario still to be proven. A grant is not personal living money, and no one can guarantee approval in advance.", "kind": "allocation", "image": "/main/images/road/concept-control.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Keep a household safety cushion", "Prove that people will pay", "Reassess once the income is steady" ], "question": "You've finished the 72-hour action checklist. Do you now have two steady incomes?", "options": [ "Yes — the actions are done, so it counts", "No — you need real customers, net income and a record that lasts", "It counts once you get a grant" ], "correct": 1, "why": "A checklist shows action, not that income has appeared. Judge by real money in and out, and by whether it lasts.", "action": "First prove there is one problem people will pay to solve, and record what is left once costs come off the income." }, "chinese": "Dual engines · a second active income", "question": "Besides property, what else can I rely on?", "gets": "The T card: second-income candidates + the monthly spending to cover", "learns": "Put your main job, a second active income and your property together, and think through the order of your life's big changes.", "minutes": 25, "image": "/main/images/road/takeoff.jpg", "tool": { "label": "Vibe Coding · Grant Application", "href": "/ai/vibe-coding", "hint": "A2, a second active income: use AI to build a small tool real users will use, with a government grant as your second dose of OPM (other people's money)" }, "terminal": false, "web_path": "/property/academy/road/takeoff" }, { "key": "next", "letter": "↻D", "n": 8, "name": "Next Round · back to D", "learning_lab": { "title": "Go round again with your actual numbers", "idea": "Just rented out does not mean the bank recognises the rent yet. Compare with what actually happened, then update the next round's assumptions.", "kind": "evidence", "image": "/main/images/road/concept-define.webp", "imageAlt": "PropertyLab teaching illustration of a building in brand blue — not a photo of a real project", "steps": [ "Last forecast", "What actually happened", "What changes next round" ], "question": "The actual rent came in below the forecast. What is the most useful next step?", "options": [ "Call yourself a failure", "Find out why they differ, and update your cash and financing assumptions", "Keep the old numbers — they look better" ], "correct": 1, "why": "Separate changes in price, renovation, timing, tenants and supply. Update the model so your next round's decisions are more accurate.", "action": "Write down one forecast that missed, one piece of evidence and one assumption to change next time." }, "chinese": "Where the second round starts", "question": "Where does round two start?", "gets": "Back to D: round two's starting numbers", "learns": "With the numbers that changed after buying, reassess your goal and what you can carry for the next round.", "minutes": 5, "image": "/main/images/road/next.jpg", "tool": null, "terminal": true, "web_path": "/property/academy/road/next" } ], "intro": [ { "key": "promise", "stage": null, "title": "Calculate first, then view houses", "line": "This road has **8 stops**, and only one order: first work out how much the bank will lend you, then go and view houses. People who do it the other way round waste a booking fee and several weeks — they fall for a place and only then find they can't borrow enough." }, { "key": "mindset", "stage": "mindset", "title": "Start · Why walk this road", "line": "Stop one is about why: financial freedom is a number, not a feeling; and why an employee can invest without quitting their job — because banks lend to people with payslips." }, { "key": "define", "stage": "define", "title": "D · Define — your goal and what you can carry", "line": "Stop two works out you: age, income, the debt you repay each month → how much the bank will lend you today, how many properties you need, and in which year you get there. Fill in this card and your **Wealth Plan (your goal and a timetable for every property)** is built automatically." }, { "key": "measure", "stage": "measure", "title": "M · Measure — the asset type", "line": "Stop three sets the type: what kind of property to buy — our default answer is a residential high-rise, **dual-key (one address, two self-contained units you can let to two households)**, new project. That stop explains the reason for every choice." }, { "key": "analyze", "stage": "analyze", "title": "A · Analyze — the area", "line": "Stop four picks the area: where to buy — either already very mature, or becoming mature (for example Cochrane–Maluri, right next to **TRX (Kuala Lumpur's new financial district)**). Count the supply first, then look at demand." }, { "key": "improve", "stage": "improve", "title": "I · Improve — the project", "line": "Stop five picks the unit: which project, which unit — it's yours only if it passes all four screens: price no higher than market value, a year's rent ÷ price ≥ **7%**, monthly rent that covers the monthly instalment, and a dual-key layout you can let to two households." }, { "key": "control", "stage": "control", "title": "C · Control — buy, hold", "line": "Stop six carries it out: how to buy (nine steps), how to get through the construction period, how to keep the rent coming — buying right is only half; you also have to hold it steady." }, { "key": "takeoff", "stage": "takeoff", "title": "T · Takeoff — dual engines", "line": "Stop seven looks up: property is only one of your sources of income. The other two are your salary, and a second income you can build after work — this stop covers how to start that second one, and why quitting your job is a result, not a starting point." }, { "key": "next", "stage": "next", "title": "Next Round · back to D", "line": "The last stop uses the cards you filled in to work out “what happens if I sign”. After you buy one, you have an extra instalment and extra rent, and every number the bank looks at has changed — so you go back to D and calculate again with the new numbers, rather than starting from zero." } ], "badges": [ { "key": "done", "label": "Done" }, { "key": "stale", "label": "Out of date" }, { "key": "open", "label": "Enter this stop" } ], "unlock_labels": { "wp.step.3": "Wealth Planning · Step 3", "area_guide": "Area Guide", "analyze": "Analyze Property", "analyze.projects": "New Project list", "landlord": "Landlord Management", "next_round": "Next Round · back to D" }, "lock_reason_fallback": "Finish the earlier cards first", "counts": { "stations": 8, "stages": 7, "intro": 9 } }