The investment thread (Finally)

Frodo said:

Try a little bit of adventure on the central or eastern side lah....JB not just Bukit Indah happening

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yinyang said:

Frodo, I was only referring to urban comforts in proximity to Horizons Hills, Nusa :o.
You sure are living it up like a local JB resident:p.

Btw, suburban malls Ok.. but my (maybe biased) opinion and impression is downtown JB's "chaotic".

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Frodo said:

I am no investor and also no money that I can call my own to invest in anything. But I came across this article which I would like to share. Let the exchange of views begin....Uhhh....exchange of views...not thrashing of views ok?

http://www.coreinvestors.asia/is-iskandar-property-still-worth-investing-in-2016/

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AUNTY said:

I think the Malaysian government lost focus...they mentioned Medini is CBD...but now they busy with Forest City, Pengarang, etc and the Sultan mentioned need to build a bridge to beat congestion....kind of confusing...they should focus on getting the HSR done first...

I was tempted to buy Colony at KL but someone advise against it,saying it is in Kampong Bahru enclave.... Investing in Malaysia need at least RM$1m, which is pretty high and loan are hard to get....In the end, I decided to place a booking fee for a studio hotel suite costing RM$490k for Merdin@Medini cos I like the package and am now waiting for bank loan approval...

I have also invested in 8 units in 2 properties (Space and Victoria Melate) in Philippines...all really small units...place 20% the rest pay when TOP...the agent say these units can flip so I hope looking forward to it (one investor I know bought at least 10 units of Space and he intend to sell the rest except 2 units )..

Anybody already bought Philippines projects or Medini hotel suites?

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AUNTY said:

Is your project Solemare Parksuites?

1) For Space Romualdez, I ask the same SG agent to sell. It is a students hostel located in University Belt..I have checked already,the universities are all popular ones...a company will manage the hostel and send you rental...
2) For Victoria De Melate, it is near Quirino LRT...

I have no idea turnover got tax... For me, I never think of keeping them till turnover, my idea is to sell them before turnover so I see how it goes..The agent says no problem lo so I am depending on him to help to sell...

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austin_hts said:

Monarch - turnover next year. Will wait a few more years b4 considering to sell. Area got good potential. Will 3rd new casino opening end this year/next year.

Good if u can sell b4 turnover and make decent profit.

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AUNTY said:

According to my agent, your type must keep longer term to see the value...just like the Victoria De Malate...turnover is 2019..agent say better for me to keep till 2018 like that for value to appreciate so I still have to keep them....

Cross my fingers on Space...I not tan xing...will be happy as long can make some profit after agent fees

All the best to you also...

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Frodo said:

Try a little bit of adventure on the central or eastern side lah....JB not just Bukit Indah happening

For example, Tebrau City shopping mall is under going expansion (think more shopping!). Permas Jaya got another Aeon Jusco, and there are many delectable eating places there. Meanwhile I am looking forward to the new cinema halls opening soon at Today's Market at Seri Alam....no more having to go all the way to Tebrau City or KSK City to watch movies!

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Manhattan said:

A must read for home buyers. Your home can be foreclosed even if it is no fault of yours!

http://www.thestar.com.my/business/business-news/2016/03/26/house-buyers-trap/

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AHGS14 said:

Something not quite right here. If the buyers did not take up financing and paid in cash, it is reasonable to expect that within 10 years, the title would have been transferred to them, and therefore they are the legal owners of their homes. If this is so, then banks have no rights to foreclose their houses. Doesn't figure, or am I missing something.

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Tekkun said:

One property investment tip for you guys. Always try to take a bank loan whenever you buy a property even if you are cash rich.
Reason is you do not know much about the land office procedures and how complex it is.
When you take a bank loan, you are actually making use of the bank's legal team to ensure you are legally protected. Moreso, if anyone sue you, the bank will fight for you as they want to safeguard their loans and collaterals.

In this case, it is the developer who charged the master title to the bank. The buyers did not do a proper search for encumbrances nor place any caveat on the land title. Too bad as a proper search would easily reveal the land is charged to the bank already.

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FXHarvest said:

Any idea when the cinema halls will be opened at Today's Market? Thanks.

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Tekkun said:

One property investment tip for you guys. Always try to take a bank loan whenever you buy a property even if you are cash rich.
Reason is you do not know much about the land office procedures and how complex it is.
When you take a bank loan, you are actually making use of the bank's legal team to ensure you are legally protected. Moreso, if anyone sue you, the bank will fight for you as they want to safeguard their loans and collaterals.

In this case, it is the developer who charged the master title to the bank. The buyers did not do a proper search for encumbrances nor place any caveat on the land title. Too bad as a proper search would easily reveal the land is charged to the bank already.

Click to expand...