So maybe still got chance lah...if buyer happen to invest in a GCC (Good Class Condo) in good location.:p
Pathetically & sympathetically hopeful again LOL!
Empty dream again? Wait long long la.
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Property News
- Thread starter FHBH12
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Empty dream again? Wait long long la.
Rule of thumb, a project only breakeven at least after 70% sold, profits comes after.
But some project embarked on heavy marketing so sales it may be higher to breakeven.
I believe most foreign buyers are investors so they maybe in for a very long wait to reap profit and count themselves lucky if don't lose money.
As some believe, properties if held long enough, will always appreciate in price.
I'm still "half hearted" on the above statement. Because this may take a very long time, price appreciation does not mean can sell off to cash out, and opportunity costs.
If the time frame is too long, the anxiety could be unbearable for the less wealthy. And if you had put the money into some safer investments, like annuity plans or government bonds, after 20 years, you're at least assured of good returns. Not WOW WOW fantastic, but it can give you some retirement income. Better than waiting for 20 years and then realize nobody wants to buy over your property despite the price going up. I recall I have heard this happening in Johor?
When choosing my property investment,
I never buy any auction property.
I don't buy in property fairs. I hate sticker games.
I try buy before it is launched. I have a few favorite developers.
I rather buy a good unit above market price than to buy an average unit below market price.
I try to buy corner units.
Leftover units..? Thanks but no thanks no matter how cheap it is.
With due respect, I have a feeling you are not ready to be in property investment at all. You just do not have the patience, the gambling instinct nor readiness to commit. It is better off you invest in bonds or reits. You are not into share market equities either.
What's wrong with you today? Are you Tekkun or his wife or someone else typing? You sound different.
You mentioned recently you don't comment on people's views towards investing because there is no right or wrong. But now you are judging me and saying I am not ready to be in property investment?
You were the one who promoted being HOPEFUL. But look at your own posts today. You talked about "Empty dream", or that foreigners should blame themselves for being naive, that they can lose money, etc. Are you then qualified to be a property investor yourself?
Gambling instinct.... interesting. Shows how reckless you are. No good investor in his right mind will use the word "gambling" when investing. It's about knowing one's RISKS. That's a better word. If something is a gamble, I stay away. Is it wrong? You want to gamble, go ahead. Don't judge me just because I don't do it.
And you think you are so good in share markets? Come on, you own only a few properties and you brag like you know it all. There are many out there with more than 10 commercial, industrial, residential properties they are so much humbler than you.
I still stand by what I have written. I'm a nobody. But I do know for sure there are a handful of successful investors, be it in property or stocks, who share the same view as me.
If you think you so "kiang" (good), you go and buy those RM800-1000 psf condos in Nusajaya lor. Scared what, right, by your own words? Property prices will surely increase what. Must have gambling instinct what. Come on, Mr Gambler, buy one or more such properties and come here to tell us YOU DID IT!
WITH DUE RESPECT....it is what I am saying. At least I am courteous at the beginning. If it is wrong, it is wrong. I write what I think. Did I hit it on the nail?
Encorp is selling at RM1200 psf. And I bought 2 dual entrance unit, 1400 sq ft. So I know what I am talking about. You want to see the copy of the S&P? D
Congratulations if you are investing but if you have not, then don't try talk as if you know everything here. Be an owner in Nusajaya, then talk here, otherwise it is pure empty talk. And don't talk about friends or what you heard. Do it with vested interests then i will take back what I said.
I hope you prove me wrong and welcome to the Iskandar.
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What mpan13 said sound so right in this bearish environment. He can be as right as he is for a year or two before sentiment in iskandar starting to change again. Key indicator to look out is HSR and BRT. Once any firm action taken to ground breaking and build, although oversupplied as mpan13 keep repeating, many singaporean will rush back to the market headlessly, tell them no rental many singaporean also dun care by then.
Take notice on my word, 3 yrs later will prove me right, dont call me prophet by then, shy to take that honour.
Don't play with words. You think just by stating "With due respect" you are absolved from all blame? If you judged, you judged. Then don't claim like you're so magnanimous, dishing out advice but yet not judgmental.
How about this: WITH DUE RESPECT, I think you're a stupid, arrogant and ugly old man?
I don't even care what Malaysian property you own. So you don't have to state it here. No one's interested anyway. I'm only sharing what I feel. I have said this many times, and it doesn't seem to get into your thick old skull. Take what you feel is useful, disagree if you will. But give respect to differences in opinions. I didn't ask for your opinion on whether I am ready to invest.
Go read my post again. And read yours also. It's the inconsistencies you showed. If you want to judge or measure others by your standards, go ahead. Admit it. Why make yourself sound so great? If you're against some of the condos in Iskandar, eg Medini, say it. Those were the kind I was targeting it in my previous post. What has it got to do with your Encore or whatever?
State your opinions on what you think without being overly personal towards others. It's not your right to shoot down others just because you disagree with them. If that were the case, the world would be created with everyone of your type (dread!) and all others are inferior. Thank goodness it's not like that.
You telling me to be an owner of Nusajaya? For what? Just so I can comment? By your lame argument, those analysts and reporters cannot write anything because they don't own any properties in Iskandar.
And I don't have to prove to you anything. Get your arguments and composure right first, Mr Arrogant.
How about this: WITH DUE RESPECT, I think you're a stupid, arrogant and ugly old man?
I don't even care what Malaysian property you own. So you don't have to state it here. No one's interested anyway. I'm only sharing what I feel. I have said this many times, and it doesn't seem to get into your thick old skull. Take what you feel is useful, disagree if you will. But give respect to differences in opinions. I didn't ask for your opinion on whether I am ready to invest.
Go read my post again. And read yours also. It's the inconsistencies you showed. If you want to judge or measure others by your standards, go ahead. Admit it. Why make yourself sound so great? If you're against some of the condos in Iskandar, eg Medini, say it. Those were the kind I was targeting it in my previous post. What has it got to do with your Encore or whatever?
State your opinions on what you think without being overly personal towards others. It's not your right to shoot down others just because you disagree with them. If that were the case, the world would be created with everyone of your type (dread!) and all others are inferior. Thank goodness it's not like that.
You telling me to be an owner of Nusajaya? For what? Just so I can comment? By your lame argument, those analysts and reporters cannot write anything because they don't own any properties in Iskandar.
And I don't have to prove to you anything. Get your arguments and composure right first, Mr Arrogant.
I am a investor in Iskandar. I had invested in RM 1,700,000 in Puteri Harbour.
What you say directly affect the value of my properties in Johor. I am the aggrieved party.
I have the right to defend my investments here in this forum or anywhere outside this forum. By the way, I am not only stupid, I am bloody arrogant as well. I earned my bragging rights enough to brag.
So all this while, you have no intention at all to invest in Iskandar. So why are you so interested here? Keep making analysis based on empty talk? Prove me wrong. What is your agenda? This is my challenge to you here. Be upfront. No need talk and talk everyday. Just say what is your real intentions.
Maybe if it is to cheapen the value so that you can pick on the cheap, it is ok. No need to hide and call names. Just state and I will understand.
Now you are resorting to names calling, that sounds familiar.
Shall we call in pest control?
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I try buy before it is launched. I have a few favorite developers.
Leftover units..? Thanks but no thanks no matter how cheap it is.
These 2 points actually self conflicting, how you know the one you bought before even it is launch, will not end up being having leftover units?
There aren't bones in fresh egg, as long as it is a fresh one.
Cos we choose it in the conference room of the developer before it was launched officially. It is not really fair play in Malaysia as far as new projects are concerned. The well connected will mark their units first before the VVIP buyers come in the first day, then only open to the public. The salesmen too will "temporary" place a sticker quietly to show many units were sold. The only ones left are those not so good location.
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As a matter of fact, it does not make sense if a person take high percentage of loan and expect to rent out to cover mortgage. Let say for rm 800k loan at 4.5% interest, a person need to pay more than rm 30 k interest per year. How to even break even at today's market ? Only can hope for capital appreciation, which is not so hopeful as well.
On the other hand, if a person pay cash for the same unit, he can rent it out for rm2500 and can still get 2-3 percent return. At the same time hope for capital appreciation and maybe beat inflation.
For own stay, then no need to say, personal choice, you like it and willing to pay the price. At the same time rent out sg hdb for rm7000. Buy a perodua brand new for rm30k to drive around. In a way this will bring the best return.
Make sense?
On the other hand, if a person pay cash for the same unit, he can rent it out for rm2500 and can still get 2-3 percent return. At the same time hope for capital appreciation and maybe beat inflation.
For own stay, then no need to say, personal choice, you like it and willing to pay the price. At the same time rent out sg hdb for rm7000. Buy a perodua brand new for rm30k to drive around. In a way this will bring the best return.
Make sense?
Yup.
What can you do if FD rates is 1.3% in Singapore? But your formula work only if you are retired.
How many people have ready cash to pay?
It is not about how much you are earning but how much you had saved and that can only happen if you worked reasonably long enough.
Singapore developer still on buying spree
GEORGE TOWN: Singaporean real estate hunters with a taste for prewar properties in Penang are still on buying sprees, says an NGO.They are snapping up houses that are located just outside the state’s heritage enclave as these properties are not accorded heritage protection by Unesco, according to George Town Heritage Action.
The biggest buyer appears to be World Class Land (WCL), which is building the tallest residential skyscraper in the planet’s southern hemisphere. Called Australia 108 because of its 108 storeys, the Melbourne development is expected to be completed in 2019.
Recently, it applied to build a 46-storey condominium tower in Gurdwara Road, just 200m from Komtar after buying 37 prewar properties in that area. Its latest block buy appears to be 26 prewar houses on Penang Road and Bertam Lane, also across from Komtar.
The properties were owned by six descendants of Tunku Kudin (1835-1909), the great grand uncle of the late first prime minister, Tunku Abdul Rahman Putra Al-Haj, for nearly 100 years.The offer from WCL was about RM980 per sq ft, totalling RM21mil. Tengku Abdullah Tengku Mahadi, 61, who collected the monthly rent from the tenants on behalf of his 92-year-old father, said the deal was sealed in Thailand through one of the six heirs who spoke for all of them.
“All the heirs are in their late 80s and 90s. It will cost too much to develop the land ourselves. “We didn’t really feel like selling. We know the new owner will change the whole place but we are all old and don’t want to stand in the way of development,” he toldThe Star. He said the heirs only earned about RM50 per month from each unit when the Rent Control Act was in force.
After it was repealed in 1997, they raised the rent to about RM600 and it had stayed the same since.WCL lawyers have sent eviction notices to the 60-odd tenants who have until end November to move out.
A subsidiary of Aspial Corporation Ltd, WCL has completed many projects in the island republic and Australia. Aspial chief executive officer Koh Wee Seng is listed by Forbes this year as the 43rd richest man in Singapore.
George Town Heritage Action has been vociferously against the state government’s apparent lack of control over the alleged WCL buying sprees. “This company’s business model is to buy the properties, evict the tenants, renovate or rebuild, and then drastically increase rentals,” said its co-founder Mark Lay.
At a press conference yesterday, he showed a list of 236 properties purportedly bought by WCL through several subsidiaries. Totalling more than 250,000 sq ft, these include rows of old houses along 19 roads, including Dato Keramat, Macalister, Transfer and much of the Seven Streets precinct (known locally as Chit Tiau Lor) near Komtar.
Lay warned that if the state government allowed “one company to accumulate more than 230 prewar houses, it will kill diversity and people’s moral rights to the city”. “Our concern is also socio-cultural. Any company can damage the fabric of George Town when they have a monopoly,” he added.
In June, The Star reported that Singaporean companies typically raise rentals by 400% to 500% after sprucing up the old houses. In response, Penang Town and Country Planning Committee chairman Jagdeep Singh Deo had said that the state cannot interfere with free enterprise.
http://www.thestar.com.my/news/nati...owns-sociocultural-fabric-at-risk-says-group/
GEORGE TOWN: Singaporean real estate hunters with a taste for prewar properties in Penang are still on buying sprees, says an NGO.They are snapping up houses that are located just outside the state’s heritage enclave as these properties are not accorded heritage protection by Unesco, according to George Town Heritage Action.
The biggest buyer appears to be World Class Land (WCL), which is building the tallest residential skyscraper in the planet’s southern hemisphere. Called Australia 108 because of its 108 storeys, the Melbourne development is expected to be completed in 2019.
WCL has since December 2013 reportedly snapped up 236 prewar houses in Penang, totalling more than 250,000sq ft – the equivalent of 26 football fields.
Recently, it applied to build a 46-storey condominium tower in Gurdwara Road, just 200m from Komtar after buying 37 prewar properties in that area. Its latest block buy appears to be 26 prewar houses on Penang Road and Bertam Lane, also across from Komtar.
The properties were owned by six descendants of Tunku Kudin (1835-1909), the great grand uncle of the late first prime minister, Tunku Abdul Rahman Putra Al-Haj, for nearly 100 years.The offer from WCL was about RM980 per sq ft, totalling RM21mil. Tengku Abdullah Tengku Mahadi, 61, who collected the monthly rent from the tenants on behalf of his 92-year-old father, said the deal was sealed in Thailand through one of the six heirs who spoke for all of them.
“All the heirs are in their late 80s and 90s. It will cost too much to develop the land ourselves. “We didn’t really feel like selling. We know the new owner will change the whole place but we are all old and don’t want to stand in the way of development,” he toldThe Star. He said the heirs only earned about RM50 per month from each unit when the Rent Control Act was in force.
After it was repealed in 1997, they raised the rent to about RM600 and it had stayed the same since.WCL lawyers have sent eviction notices to the 60-odd tenants who have until end November to move out.
A subsidiary of Aspial Corporation Ltd, WCL has completed many projects in the island republic and Australia. Aspial chief executive officer Koh Wee Seng is listed by Forbes this year as the 43rd richest man in Singapore.
George Town Heritage Action has been vociferously against the state government’s apparent lack of control over the alleged WCL buying sprees. “This company’s business model is to buy the properties, evict the tenants, renovate or rebuild, and then drastically increase rentals,” said its co-founder Mark Lay.
At a press conference yesterday, he showed a list of 236 properties purportedly bought by WCL through several subsidiaries. Totalling more than 250,000 sq ft, these include rows of old houses along 19 roads, including Dato Keramat, Macalister, Transfer and much of the Seven Streets precinct (known locally as Chit Tiau Lor) near Komtar.
Lay warned that if the state government allowed “one company to accumulate more than 230 prewar houses, it will kill diversity and people’s moral rights to the city”. “Our concern is also socio-cultural. Any company can damage the fabric of George Town when they have a monopoly,” he added.
In June, The Star reported that Singaporean companies typically raise rentals by 400% to 500% after sprucing up the old houses. In response, Penang Town and Country Planning Committee chairman Jagdeep Singh Deo had said that the state cannot interfere with free enterprise.
http://www.thestar.com.my/news/nati...owns-sociocultural-fabric-at-risk-says-group/
Any brothers here going for the 2 days Malaysia Property Talks held at the Marriot Hotel (Singapore) today and tomorrow? The topics cover investments and future developments. If going, can share your thoughts after that? Thanks!
The main purpose for these roadshows is to promote and sell and most times were organised by developers so expect to hear only all the good things and all the "no problems".
Perhaps someone should go and ask about certain obvious negativities and see how they answer, like water shortage, impact of 1MDB scandal on economics etc.
Those "negative" questions should be asked during politicians meetings, isn't it? Questions need to be asked at appropriate forums and directed at appropriate persons. No one would go to a Singapore Property Seminar and ask how the MRT breakdowns should be handled, right?
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