Malaysia Watch Forum
Off Topic => Investment & Real Estate => Topic started by: besview on September 17, 2010, 10:52:51 AM
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Hey all sifus,
We have seen a surge in property prices over the past year wherby most went up by 50% easy.Most owners would be wondering whether to take profits in fear of the bubble bursting.Those holding 5 or more would be interested. I took profit on just 1 of my properties when it touched 80% nett gain.Just thinking of disposing more,all which are currently rented out to expats.
Penny for your thots :)
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wow never knew there are such good gains in KL prop. :)
was thinking..whether should i get a place in KL since they came up with so many restrictions on ownership of properties over here in SG.
But the thing about it is that..i seldom/rarely go back to KL and dunno anyone that could "jaga" and rent it out for me. would u think buying commercial prop is better?
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Most went up by 50%?
Which area?
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Most went up by 50%?
Which area?
I'd say up to 50% lah..Case in point my SS2 Ken 2 just sold for 80% gain.S15 Millennium Place 50% since 2006,just to name a few.
Terence,
Not familiar with comm props as I only go for condos.Renting to expats ensures payments as we know the company they work for,usually a multinational.
Comm props,if the biz does well,good for u lah,but if they bungkus,they run away and on top of that,u might have to demolish their renos.means $ out the door.Hard to gauge whether a potential client is a good paymaster.If bank want to rent,then u will hv peace of mind :)
Tricky if u r in Sg
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my bro's new place in Casa Suites seems to be going up quite healthy in it's price. was really tempted to get a unit since it's next to tropicana city mall and freehold.
btw what's the interest rates in MY nowadays?
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Terence,
Ken2 is next to Casa suites,and they also have appreitaed,helped along by TC mall.
You will be looking at BLR -up to 2% depending on which bank.
Buy a CD unit at its peak price now?
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Desa park city went up to more than 60% since 2008
their recent terrace asking rm1.8mil. Sold out in the balloting...
Now got 150 ppl with money in the waiting list
those who bought before 2008 is laughing
yesterday receive newsletter from jade hills, this weekend they r launching their new hill terrace, 24x75 built up 2530sf. Price from rm859k
their first phase 1yr ago selling rm650k 26x80 built up 2530sf
blue water in mines just launched their terrace at rm900k
summerglades terrace houses in cyberjaya selling rm900k, sold out now... The new owner got chance to stay beside tun dr m
ytl sold out it's new phase of lake field in sungai besi before official sales launch
rm650k 20x75 3 storeys built up 3000sf lease hold
ealier phase only selling rm400k 4yrs ago
if u guys r serious in property... Look at kajang area, it's only 15mins from town! The greater kl plan has lots of gov infra in it. Last week paper talk about kajang 2. New train station n new interchange! Kajang seremban highway completed, skve also opened n now link up bangi to elite highway near saujana putra. Silk highway still free flow... Heard setia paid earnest deposit for 1500acres land in semenyih...
When sunway already in semenyih, ttdi owned 100 over acres in kajang, gamuda jade hills, lum chang twin palm, mutiara nadayu in kajang2, hong leong the nest is waiting for time in saujana impian area...
Somemore with so many universities around... Upm, umm, uniten, mmu, Nottingham....
U can't miss this understated small town!
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Bank rates is still good for undercons property
lowest is blr - 2.3
most bank giving - 2.2 now
eon also offering fdr + 1 %
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how bout condos in the central area? looking into something that i could rent out ....
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I will say do not simply go into property investment now!
The bubble is forming. Most bankers I spoke to are quite concern
Especially those on low leverage n buying condo hoping for good rental return...
But it is good to buy a freehold landed property to stay
especially those properly planned gated n guarded
desa park city success it's not overnight, recently I attended a morning talk with it's CEO
u may think the price is high but they r plenty of buyer waiting fir such well planned property!
My previous gated n guarded project in section 4 Kota damansara selling rm300k 7yrs ago... Now double!
bkt Mandarina ijm in Connaught went up to rm900k from rm500k in 2 yrs...
Look at bkt Gita bayu...
Alll this well concept lifestyle gated guarded property will should up when ppl start moving in n the trees are well growth... Price grow up by rm100k instead of talking bout percentage
Luxury condo in klcc area all still low occupancy, plenty under construction now
mont kiara new condo also low in occupancy...
So becareful on Luxury condo....
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how bout condos in the central area? looking into something that i could rent out ....
find those with college n university nearby
also hv lrt n commuter station in walking distance
ytl mid field gone in 2 days, platinum setapak sold out, axis pandan as well...
Permaisuri rm280k condo sold out in half day 2 mths ago...
Another developer dwitasik now balloting for their last project lower dense rm370k condo... Check iproperty n see
n my company is going to launch saville melawati next month! Hot sales expected rm350psf
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Chris,
Exactly my thots.Its probly at its peak and thot of cashing out big time and look at the UK market and take advantage of the depressed pound and RE market.I'd advice Terence not to go in now unless its for his own occupancy.Thing is,rentals are not keeping pace with the currently market prices.Gross yield for most of my properties are ard 9-10% FF but if against current valuation,GY probly less than 7 %. KLCC definitely in the doldrums now.The safest ones to invest in are those whose rental yields about 2-3k per mth.
Well,Kajang was and never had been on the radar til now.Like you mentioned,this could be"it".I'd still like to explore the UK market as when the pd goes back up and property prices rebound,it'll be a double bonus :Cheers:
Still can get up to -2.3%?.I've not checked of late as buying has stopped,but buying watches have not :Cheers:
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Wow the prices you all talking all over half mil.
Anything good for under 200k?
Or at the 200k-400k range?
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Chris,
You work for developer ?Or you ARE the developer :thumbsup:
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Chris,
You work for developer ?Or you ARE the developer :thumbsup:
working class..... like a slave for my past 10 yrs! :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor:
tomorrow suppose i'm off but still got to go and look see look see a new property launch in semenyih...
then tomorrow night got to attend a dinner with boss....
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I know desa park bungalow is ard 1 mil few yr back b4 construction kick off n now there can sell up to 1.8 mil :o I went to ytl sg besi show house with my senior b4 their soft launch but been informed tat all sold out. Ask us wait for phase 2.
I dnt know how e Shah Alan property market now? But during e time I work in KL, my ex-company seen like they making alot in shah alam n keep on launching phase by phase n e respond is quite good
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Property prices has risen a lot through out the this year in particular. All new launching property by developers ranging at least RM500k and above. Even for second hand property esp landed also increased a lot. I know a person who purchase a property from owner for about RM500k just before the CF was being approved,that person told me the owner purchased for about RM380k during the lauching. I was like wow!!!! Indeed i feel the market is overheated now,even fresh graduate cant afford a house/condo,is way beyond their budget.
Quote from warren buffet "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful"
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Chris,
You work for developer ?Or you ARE the developer :thumbsup:
working class..... like a slave for my past 10 yrs! :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor: :Laughing_on_floor:
tomorrow suppose i'm off but still got to go and look see look see a new property launch in semenyih...
then tomorrow night got to attend a dinner with boss....
What watch will u be wearing?Can't help it,after all this is a watch website :Laughing_on_floor:
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Property prices has risen a lot through out the this year in particular. All new launching property by developers ranging at least RM500k and above. Even for second hand property esp landed also increased a lot. I know a person who purchase a property from owner for about RM500k just before the CF was being approved,that person told me the owner purchased for about RM380k during the lauching. I was like wow!!!! Indeed i feel the market is overheated now,even fresh graduate cant afford a house/condo,is way beyond their budget.
Quote from warren buffet "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful"
That is why I have stopped buying the past year.cashing out is what seems rational but if one does not need the $$,also dunno where to park.For me,I know where to park..in the UK :Cheers:
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Oh cool,thats good for you =)
Anyway just wondering whether any of the Sifus here do invest in shares?
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I went to ytl sg besi show house with my senior b4 their soft launch but been informed tat all sold out. Ask us wait for phase 2.
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phase 2 sold out before official launch last month....
rm638k ++ if not mistaken
20 x 75
built up 3000sf
3 storey
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Developer in uk can't sell it so they bring it to sell at other country
just like few yrs ago developer in Australia not doing well there so they bring it here
now plenty of Chinese go n buy there so they seldom promote here in Malaysia
is profitable plots still selling? Any1 getting gd return for that? Pls share
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Developer in uk can't sell it so they bring it to sell at other country
just like few yrs ago developer in Australia not doing well there so they bring it here
now plenty of Chinese go n buy there so they seldom promote here in Malaysia
is profitable plots still selling? Any1 getting gd return for that? Pls share
Isn't profitable plots illegal and considered a scam by SC?
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It's sponsoring the espn for a very long period
not sure it's legal or not now
to buy property in other countries many thing need to study
1. Eligible to buy? N restriction to sell layer
2. TaxEs for foreigner
3. Can foreign bank give financing... interest Rates? Some country like Vietnam n Indonesia is really high! Malaysia bank seldom finance other country property
4. How transfer money back when u sell. Some country do not allow u to do so.., eh: china, so alternative ways available but with extra cost
5. Etc
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It's sponsoring the espn for a very long period
not sure it's legal or not now
to buy property in other countries many thing need to study
1. Eligible to buy? N restriction to sell layer
2. TaxEs for foreigner
3. Can foreign bank give financing... interest Rates? Some country like Vietnam n Indonesia is really high! Malaysia bank seldom finance other country property
4. How transfer money back when u sell. Some country do not allow u to do so.., eh: china, so alternative ways available but with extra cost
5. Etc
Yeah, at one time it was very "hot".
I don't follow it but the reason I ask this is bcoz in one of my client meetings with SC, it was brought up by them as a scam. Many complaints were received and they had to act on it. The local company was raided and it was a big mess. I think if you google it together with the word scam, you'll see some every "interesting" articles.
Oh well anyway, I've got no money to spend on properties. Spent it all on watches. ;D
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Greater KL plan - Kajang is the nearest to KL city centre sub urb !
SG Buloh - Kajang LRT going to start soon !
opening of LEKAS & SKVE highway
and looking at the news today
UEM bought near 600 acres near UKM
Inch Kenneth Develop its own few hundreds acres land in Kajang
Setia booked 1500 acres near Semenyih
Mutiara Launched its 60 acres Nadayu 92
Metro Kajang launched its 260 acres Kajang 2
Naza planning its 100 acres ++ TTDI Kajang
Gamuda Jade hills new quad villas is hot selling
Metro Kajang Pelangi Semenyih 2 hot selling
Metro Kajang 100 acres Hill park 2 launching soon
Property Price in Kajang hitting new high....
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Aiseh... Hot also I got no spare cash to do investment in properties.. :(
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Guru tips for 2011, where to buy
1. Bukit Ceylon - only residential land in KL
2. U Thant - low rise low dense good design, expat prefer here than those tall tall building around klcc
3. Oug - this China apek land is getting mo n mo attraction due to success of mid valley n sunway
4. KAJANG - highest population growth for past few yrs, infra ready suburb within 20km of KL still affordable, with new lrt n greater KL, good design n well planned landed properties will b very hot
5. Sungai buloh - new lrt n extend from pj n kepong
6. Commercial properties in high population area
7. Penang - landed properties near George town, plenty of the young from oversea buying... Land is really scarce in Penang island. Can also look at those near second bridge for long term investment
8. Johor - very depend on gov, iskandar area can b very successful if gov can attract foreigners to invest...
9. Old condo in KL - new condos all selling rm350k n above, so those well maintained 3 rooms condo around rm200k got huge room to increase with big demand from new generation, migration...
10. Something china man will buy - condo around klcc, resort Style houses... But must b the most luxury! China man is buying all super luxury properties around the world, London, Hk, Singapore... More n more buying in Malaysia through mm2h 2010 without u guys realize. Msia is stil the cheapest in the region, gd infra, no natural disaster, political stable, no extreme weather...
Property price will still go up in
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Its time to sell my frens.I have sold quite a no.beware the bubble
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Haha.. if sell, then no place to say d.... :P
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Haha.. if sell, then no place to say d.... :P
Only for those who's got multiple properties la wey ;D
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warghh...silap masuk topic...now property poison pulak :Laughing_on_floor:
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property poison is good poison... don;t worry
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property poison is good poison... don;t worry
watch poison also good poison ma, i'm sure everyone here agrees... :laugh:
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Ever since,government imposed 70%..Loan application has dropped and price temporary cool down but soon it will pick up again.Furthermore chinese new year,are around the corner.So property transaction tend to be slow and low
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now banks giving good rate... -2.2% is norm, if large loan amount can even go to -2.4%
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now banks giving good rate... -2.2% is norm, if large loan amount can even go to -2.4%
gd rate by they r very cautious!
Pls take a look at saujana villa n prima saujana, very gd location in KAJANG... Along KAJANG by pass! Gd price!
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Chris is the spokesperson for Kajang now lol
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Chris is the spokesperson for Kajang now lol
no lah... Guru said mah... All papers, magazine, Internet talk about the greater KL, new lrt line from sg buloh to KAJANG...
N I travel to KAJANG so often... 20km 20mins from KL... Where else to buy?
Especially for ppl like me can't afford for a million dollar house...
Some More with All the completed highway connected to KAJANG
grand saga cheras KAJANG, besraya sg besi, plus north south, silk KAJANG outer link, lekas KAJANG seremban, skve south Klang valley...
On top of that, it so close to putrajaya, cyberjaya, KLIA, uniten, ukm, upm, hulu langat community college, university of xx in semenyih...
Now only1 thing lacking... A big mall, even the mid valley only 20mins away, jusco balakong n mahkota cheras is 10mins, alamanda n the mines <15mins...
The jigsaw puzzle is completing after ioi building the big mall now...
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All these if you pay toll and non office hours.
Hmm... looking @ it... might be a good bet to invest in Kajang now though the house slightly more $$$ :)
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Do you guys think the property bubble will burst or going to burst anytime soon? Maybe this yeat or next year.. or it wont burst?
Many of my friends are holding back not to buy property, they believe it will happen and just buy property when the bubble burst.
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Even if bubble burst...not like 700k house will suddenly sell at 400k....we not like US or HK here....i think in the last 10yrs property price never drop.
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Anybody knows if Casa Tropicana Condo is a good investment?
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Burst? Personally I dun think so...
1. Land owner in msia hv very very strong holding power.
2. Construction material is expected to increase by 15% in the next 6mths(steel bar is going up these few days)
3. Worker shortage problem worsening
4. msia is a very young developing country, population growth will increase demand for affordable houses
5. Developer will pull handbreak if sales slow, add goodies, hence price will not drop when Market absorb the existing supply
etc
except some high end condo in klcc n mont kiara area... When not much expatriate we hv in KL, low occupancy bring down rental rate... N layer bring down the price a little
those affordable condo 150-350k condo, terrace houses, semi d n bungalow..
Price will never come down!
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Good point you have here Chris!
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if got budget of 400k can get any landed house around kl with nice location and preferable new one? or is this just a dream? hahaha...
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if got budget of 400k can get any landed house around kl with nice location and preferable new one? or is this just a dream? hahaha...
I dunno bout KL but in KK, 400k for landed property in nice area is already impossible... maybe 650k can la... double storey terrace intermediate...
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if got budget of 400k can get any landed house around kl with nice location and preferable new one? or is this just a dream? hahaha...
I dunno bout KL but in KK, 400k for landed property in nice area is already impossible... maybe 650k can la... double storey terrace intermediate...
yeah man, i was surprise at the prices in KK!!! wah makes me think that that everyone is earning mega bucks back home ....
damn while i am cooped up in this small matchbox of a house :P
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if got budget of 400k can get any landed house around kl with nice location and preferable new one? or is this just a dream? hahaha...
I dunno bout KL but in KK, 400k for landed property in nice area is already impossible... maybe 650k can la... double storey terrace intermediate...
yeah man, i was surprise at the prices in KK!!! wah makes me think that that everyone is earning mega bucks back home ....
damn while i am cooped up in this small matchbox of a house :P
Everyone was surprised man...
Bought a double storey intermediate in a prime area back in 2002 rm260k, everyone say I dumb coz that time similar houses in less prime area going for rm200k to rm220k... recently, someone offered me 500k for it, not selling coz my parents staying at that house. :mooning:
When I got married, and have kids... bought an apartment for rm125k semi prime area... sold it last year for rm220k... used the money to buy the house I'm staying at now... rm500k 3 storey intermediate semi prime area. Now people staying at my same area selling theirs for rm600k to rm630k...
Now who is laughing now? :Laughing_on_floor:
When I was gonna dive in and buy the house I'm staying at now, most of my colleagues was asking me to stay away coz property prices will crash soon... these ppl are lawyers and bankers and seems to have insider info... but I was like WTH... my money!! I do what I like with it... :Scolding:
That's why they are feel weird that I wear a 10k watch but drive a 50k persona... stock standard at that!!
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if got budget of 400k can get any landed house around kl with nice location and preferable new one? or is this just a dream? hahaha...
still possible to get old houses in places like pandan, kepong, ampang, cheras...
As for new terrace house, rm400k u can only found it in selangor, semenyih, rawang, dengkil...
U can try mah sing recent launch at jln cheras Sri sekamat area... Quite close to KAJANG
KAJANG recently hv ttdi grove, KAJANG 2, nadayu92... All above rm450k
can try KAJANG hillpark 2... Around rm400k
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still possible to get old houses in places like pandan, kepong, ampang, cheras...
As for new terrace house, rm400k u can only found it in selangor, semenyih, rawang, dengkil...
U can try mah sing recent launch at jln cheras Sri sekamat area... Quite close to KAJANG
KAJANG recently hv ttdi grove, KAJANG 2, nadayu92... All above rm450k
can try KAJANG hillpark 2... Around rm400k
wow... MWF really a good place, not only for watch info but still have many other including property, will online search for more info and go to survey this few area, thx for the info!
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Actually online survey on General price n map is ok
better drive around to find out yourself...
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Actually online survey on General price n map is ok
better drive around to find out yourself...
ya, later plan to go 1 day property trip... :Laughing_on_floor:
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how much for double storey, 24x75, end-lot in Subang Jaya or USJ area?
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how much for double storey, 24x75, end-lot in Subang Jaya or USJ area?
better check iproperty
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There is MAPEX now in mid valley exhibition centre, anyone wish to buy house can go take a look... quite some choice there...
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some poisonous 360degree shots
http://www.360cities.net/image/jade-hills-by-the-hills-by-the-lakes-malaysia#359.00,0.00,70.0 (http://www.360cities.net/image/jade-hills-by-the-hills-by-the-lakes-malaysia#359.00,0.00,70.0)
http://www.360cities.net/image/best-place-for-private-moments-malaysia#320.20,-1.70,70.0 (http://www.360cities.net/image/best-place-for-private-moments-malaysia#320.20,-1.70,70.0)
http://www.360cities.net/image/jade-hills-the-allure-of-oriental-sophistication-malaysia#340.70,-14.20,65.0 (http://www.360cities.net/image/jade-hills-the-allure-of-oriental-sophistication-malaysia#340.70,-14.20,65.0)
http://www.360cities.net/image/my-ideal-home#176.60,0.00,70.0 (http://www.360cities.net/image/my-ideal-home#176.60,0.00,70.0)
maybe our next GTG can do it here,
http://www.360cities.net/image/jade-hills-country-club-kajang-malaysia#345.90,-1.30,62.9 (http://www.360cities.net/image/jade-hills-country-club-kajang-malaysia#345.90,-1.30,62.9)
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I have a friend staying at Bandar Sungai Long... he moved there recently. Previously he stayed at Federal Hills, sold it for a million+ and bought a humble condo there. He asked me to buy one as the price will be going up soon at that area. What do the sifus here think? Quite close to Kajang? Haven't been to his condo yet so I dunno wether good place or not.
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I have a friend staying at Bandar Sungai Long... he moved there recently. Previously he stayed at Federal Hills, sold it for a million+ and bought a humble condo there. He asked me to buy one as the price will be going up soon at that area. What do the sifus here think? Quite close to Kajang? Haven't been to his condo yet so I dunno wether good place or not.
can PM me which condo is it? ;D
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y buy condo in sg long?
i think condo capital appreciation low but high rental yield...
if invest into condo, i will look for those closer to KL and LRT & / Kommuter Station..... + near to college & university
friends invested into those condo in tmn connaught which very close to SEGI.... is getting very high rental income
those who bought condo or apt near setapak & wangsa maju also good
5 yrs ago those who bought sg long is because of rahman college open a branch there....
many restaurant targeting student is opened that time as well
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y buy condo in sg long?
i think condo capital appreciation low but high rental yield...
if invest into condo, i will look for those closer to KL and LRT & / Kommuter Station..... + near to college & university
friends invested into those condo in tmn connaught which very close to SEGI.... is getting very high rental income
those who bought condo or apt near setapak & wangsa maju also good
5 yrs ago those who bought sg long is because of rahman college open a branch there....
many restaurant targeting student is opened that time as well
how about puchong landed house? worth to buy now? yesterday go MAPEX see some kajang and semenyih development also, this 2 area ok? with landed below 400k...
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y buy condo in sg long?
i think condo capital appreciation low but high rental yield...
if invest into condo, i will look for those closer to KL and LRT & / Kommuter Station..... + near to college & university
friends invested into those condo in tmn connaught which very close to SEGI.... is getting very high rental income
those who bought condo or apt near setapak & wangsa maju also good
5 yrs ago those who bought sg long is because of rahman college open a branch there....
many restaurant targeting student is opened that time as well
how about puchong landed house? worth to buy now? yesterday go MAPEX see some kajang and semenyih development also, this 2 area ok? with landed below 400k...
for new houses
check out kajang 2, but above rm400k
semenyih bit too far
puchong not much landed property left actually.... so rm400k landed.... no way!
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how about puchong landed house? worth to buy now? yesterday go MAPEX see some kajang and semenyih development also, this 2 area ok? with landed below 400k...
[/quote]
for new houses
check out kajang 2, but above rm400k
semenyih bit too far
puchong not much landed property left actually.... so rm400k landed.... no way!
[/quote]
i see i see, chris you work in property line? very good knowledge you have! :Cheers:
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Shuuuu..
Any1, u look for own stay or investment?
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He said that if buy condo in Sg Long, can rent out to students wor...
KK property I know la... KL property I dun know jack... :Laughing_on_floor:
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Another way to invest-Buy old house and renovate then sell it
But must have capital.New trend in Malaysia
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He said that if buy condo in Sg Long, can rent out to students wor...
KK property I know la... KL property I dun know jack... :Laughing_on_floor:
if he work out can get > 6% per yr then ok loh
other wise buy REIT, mostly paying > 6%, less headache but less capital appreciation
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Another way to invest-Buy old house and renovate then sell it
But must have capital.New trend in Malaysia
yes, if u got knowledge, time n money...
Need alot of holding power...
Got fren managed to buy, renovate n sell for 1st property...
Take profit n buy a higher value 2nd property... Manage to make more..
Now the 3rd one already a big bungalow in damansara height... Spent alot $$$ but now still no buyer
alll money stuck...
So gained on paper till he manage to sell at price he wanted to sell
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Shuuuu..
Any1, u look for own stay or investment?
for own stay any recommmendation? 1st house... :D then have anyone heard about bandar nusaputra at puchong? this noon go see seem not bad...
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Shuuuu..
Any1, u look for own stay or investment?
for own stay any recommmendation? 1st house... :D then have anyone heard about bandar nusaputra at puchong? this noon go see seem not bad...
if location is ok for then ok loh....
there u can compare with IOI 16 sierra.... better service! sure deliver...
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I have a friend staying at Bandar Sungai Long... he moved there recently. Previously he stayed at Federal Hills, sold it for a million+ and bought a humble condo there. He asked me to buy one as the price will be going up soon at that area. What do the sifus here think? Quite close to Kajang? Haven't been to his condo yet so I dunno wether good place or not.
Bro
Previously staying in Sg.Long since yr 2000.....only managed to sold of last year end...brought at RM 140K and golf membership about RM25K
..only managed to sell off at RM 155K....
condo at sg.long not good investment....but houses and banglows are....
And for 400k, i think can buy link house at Bandar mahkota cheras...(yr 2003, houses there selling about 170K..now all 300k+ above....)
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Investment on property sometime depend on luck. In 1997 I bought a d/s at Bukit Sentosa for RM 135.000 now only around RM70K plus and in 2002
Ibought a shophouse for RM 400K now douoble the price. A friend of mine bought a house for RM 125K now RM600K and a BMW for RM 150K same year
now Less than RM 10K.
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Whats your say on the property price now?do u think it will be softer for the next half of the year
I just cant imagine soon to be completed double storey house selling at RM800k in puchong.OMG!!!!
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Whats your say on the property price now?do u think it will be softer for the next half of the year
I just cant imagine soon to be completed double storey house selling at RM800k in puchong.OMG!!!!
depends on type and location! lets talk about greater KL
landed property terrace rm350k - rm500k = price will continue increase due to construction cost increase, diesel, brick, workers.... all going up!
land owner is selling future price.... u r lucky to still b able to find this type of property at this price!
now u can only find this in sub urb like semenyih, puncak alam.....
landed property terrace rm500k - rm1mil = price will continue increase with same reason as above.... ppl will continue buying this bcoz u wont find this
better located with better design n finish terrace soon
landed property terrace > rm 1 mil = price may stop going up due to slower take up rate.... but price softer? no way.... little goodies like freebies,
DIBS, free legal fees, etc
Landed luxury = case by case basis.... location, branding, timing according to Hochinsoon.... i will add one - DESIGN. luxury property need gd design!
Highrise condo - service apt rm300-500k = can you find any below rm300k nowadays for a 3 bedrooms unit? nope! bcoz the cost of building it is high
now. so pls do not expect property price rm300-400 psf price come down in Klang valley
greater kl = ppopulation growth, thesse are affordable houses.... price will sure go up as per cost!
highrise condo rm 500k- 1mil = these r new condo with bigger built up area and better design..... price may softer if sales slow.... especially investors
are slowly realize they r not getting their expected return in their earlier investment!
high rise condo above rm1mil = i forsee many of these condo / apt now delivering.... and many investor getting burn.... they cant flip at gd price bcoz
plenty of them also selling, even developer is selling, finding tenant is difficult.... malaysia FDI is still very low
u can expect developer will stop launching this..... n investor happy with paper gain earlier may not laugh....
price come down this yr? mayb not... most investor can hold for 6 mths..... next yr? better c 709 1st...
jus my 2 balls guestimate!
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for my opinion,
if for own stay,
i think shouldn't worry too much whether the price will go up or down, the most important is you happy staying there, you happy with the environment, good location for you, also under ur budget. you gona be staying there for long, price up or down doesn't really matter to you, wont effect your life much. but you happy with the house/environment or not only effect your life.
for investment,
landed might be better to invest, and i agree with some of you mentioned, better get those near to college or uni, no problem for renting out. location very important. and i always think commercial property the best to invest, if you get the right one. there are ppls who doing investment in commercial property in group. as their 'full time job'. they have good connection and knowledge bout commercial property, they normally buy the whole commercial property in group, when they find good one, so that they can control the pricing in the future if you understand what i mean. join them if you're serious in investment, i think.. lol
share with you guys one "investment formula" i learned lol
if you have budget to invest!
buy a few unit one shot, if you found good one.
exp: buy three units, 400k each, from developer,
when price went up, let say 600k. sell two, 200k+200k then +- you get a free property.
only if u know how to get a right one, if wrong one then die.
best apply in commercial property, massive rental return for free.
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higher return higher risk = buy commercial u get higher return so as the risk...
commercial property investment
shops
story no1
- most good corner shop, easy to access, more road frontage
- developer will keep it
- if developer cant afford to keep, the higher level staff and consultant will keep
- if the high level staff cant afford to keep, their frens and relative will buy
story no2
- many investor who buy commercial propoerty, are buy in buck, they can be a single person or a group of rich
- buying alot mean they can control the rental around.... if you dont believe me, check Bdr Bkt Tinggi 1 & 2, Bdr Botanic, Bdr Puteri, etc
Story no3
- Celcom/Maxis/Digi, Proton, Maybank, Perodua.... pay high rental to rent
- Answer = Yes. But provided you are related, you control all the good property around, etc
Story no4
- commercial property depend on good road system = yes!
- do you understand how the road system can help?
- the eye level of the car driver determind the actual frontage u have in msia, msian dun walk, all drive
- if driver can c but no access or access to far..... Si!
- one way / 2 ways traffic make hv impact? yes!
- car park, side parking, 90degree parking, 45d, 60d..... all make a different if you hv narrow drive way
story no5
- populations surrounding vs supply of shops
- attraction to draw attention from far, how far
sorry... too long gas
above are jus stories.... i got many more stories... believe it or not? up to you!!!
many ppl do not listen to story but they make alot of $$$ in investment - especially in commercial properties
some lost in the beginning but make alot later, ask those who bought berjaya shopping lot and see....
some bought and make alot in the beginning but lost it later when they buy more.... ask those who bought bkt sentosa
many ppl believe and learn alot from stories but still they burn their hands....
so investment can become speculative and gamble if you do not hv the knowledge and jus follow the wind....
luck can on ur side..... who knows? i only know when u think too much u never invest.... never make it!!!
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when u think too much u never invest.... never make it!!!
YEAP~!! so just do it~ lol~
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If investment in property is much like gambling... then I prefer gambling... :HammerHead:
Banker or Player? 50-50 :Laughing_on_floor:
Sumore if high roller, can get alot of freebies... Paiza Club members should know lor... :Cheers:
But if wanna invest in property, better do the due diligence... if not, sure to get burned... ;D
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higher return higher risk = buy commercial u get higher return so as the risk...
commercial property investment
shops
story no1
- most good corner shop, easy to access, more road frontage
- developer will keep it
- if developer cant afford to keep, the higher level staff and consultant will keep
- if the high level staff cant afford to keep, their frens and relative will buy
story no2
- many investor who buy commercial propoerty, are buy in buck, they can be a single person or a group of rich
- buying alot mean they can control the rental around.... if you dont believe me, check Bdr Bkt Tinggi 1 & 2, Bdr Botanic, Bdr Puteri, etc
Story no3
- Celcom/Maxis/Digi, Proton, Maybank, Perodua.... pay high rental to rent
- Answer = Yes. But provided you are related, you control all the good property around, etc
Story no4
- commercial property depend on good road system = yes!
- do you understand how the road system can help?
- the eye level of the car driver determind the actual frontage u have in msia, msian dun walk, all drive
- if driver can c but no access or access to far..... Si!
- one way / 2 ways traffic make hv impact? yes!
- car park, side parking, 90degree parking, 45d, 60d..... all make a different if you hv narrow drive way
story no5
- populations surrounding vs supply of shops
- attraction to draw attention from far, how far
sorry... too long gas
above are jus stories.... i got many more stories... believe it or not? up to you!!!
many ppl do not listen to story but they make alot of $$$ in investment - especially in commercial properties
some lost in the beginning but make alot later, ask those who bought berjaya shopping lot and see....
some bought and make alot in the beginning but lost it later when they buy more.... ask those who bought bkt sentosa
many ppl believe and learn alot from stories but still they burn their hands....
so investment can become speculative and gamble if you do not hv the knowledge and jus follow the wind....
luck can on ur side..... who knows? i only know when u think too much u never invest.... never make it!!!
Chris Sifu
Thanks for the sharing. I wouldnt mind to hear more stories from your side if you don't mind to share. Those story definitely will be useful for all of us.
Love to hear more from your side. :Cheers:
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i'm not sifu.... but this is my profession (from uni time till last yr)... dun worry, in MWF i talk with hearts...
if on other official occasion, i will tell u Buy Buy Buy....
no property developer tell u bad time coming... pls read top ten developer spoke persons in malaysia statement.....
anytime is good time to buy property.... all their property is at good locations.... price will keep going up...
besides that, nowadays so many sifu giving talk and teach ppl how to invest. those who keep asking u all how to invest, how to calculate....
thats for his own personal brand building.... in the end, ppl will put money into his fund... robert kyosaki make more money in investing? or in selling books and giving talk? i bet the later.... he said invest into passive income... if need time and effort monitor = working not investment...
then why he sell books.... giving talk? he shd enjoy the sun rise and sun set in a private villa.... while waiting for money flow into his pocket!!!
invest into properties need alot of studies and time.... jus like invest into watches... not every patek and rolex got investment potential right?
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I agree it needs time and commitment ;)
Thanks Chris for the advice
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Sifu Chris thanks for your info and very fruitful to me after reading your post,before this I just blindly invest in property and never think about the rental yield and ROI,but recent property price really heading to high price,especially those commercial units double up the price and rental yield below 6% really terrible,worse is under table money for a good project.
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Analysts advise caution on property market
Jul 6, 2011 - HomeGuru.com.my
Two research firms have advised caution in the Malaysian property sector, which has recorded good performance for two years.
Kenanga Investment Bank and RHB Research Institute recently rated the sector from “overweight” to “neutral”, warning clients that the up-cycle property trend usually lasts around two years.
“We believe now is appropriate to be watchful of property stocks as well as the sector outlook as we are now almost two years into the up-cycle,” said RHB in a statement. “If what we project is true — that the property upcycle will gradually come off in 2012, though the physical market is likely to remain strong until year-end.”
RHB said the anticipated softening of the property market next year could be offset by worries over a greater risk profile, due to liquidity-driven credit growth, rising inflation, more regulatory and monetary tightening measures and the depressed outlook arising from downgrades on regional property sector.
Kenanga Investment noted that smaller developers like Eastern & Oriental Bhd (E&O) and Hunza Properties have shown lower sales year-to-date (YTD). Larger developers like IJM Land, Mah Sing Group and S P Setia are eyeing strong revenue growth of between 15 and 35 percent in 2011.
Meanwhile, RHB said it is cautious about developers engaging in massive landbank expansion. “Land prices are getting more expensive now, and the window to launch and rapidly sell property products is getting shorter, thereby slower landbank turnaround time and higher holding costs,” it said.
The result could be a price war, as developers undercut each other to sell their inventory, said RHB.
“In a worst case scenario, take-up rate could take longer to achieve a satisfactory level,” it said, thereby reducing its target prices.
It also speculated that there will be a slight up-turn for the Kuala Lumpur Property Index, as the price-to-book value is approximately 0.86 times, more than the five-year average of 0.77 times.
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He said that if buy condo in Sg Long, can rent out to students wor...
KK property I know la... KL property I dun know jack... :Laughing_on_floor:
if he work out can get > 6% per yr then ok loh
other wise buy REIT, mostly paying > 6%, less headache but less capital appreciation
Property can leverage i.e. use (other ppl money) OPM to earn rental yield. REIT need cash; margin financing is more expensive then housing loan
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higher return higher risk = buy commercial u get higher return so as the risk...
Agree on that statement, infact commercial is only for seasoned investors with deep pockets.
The reason is margin of financing is lower, higher initial d/p, longer gestation period and higher risk of no tenant.
For small timers or 'part time landlords' studio units or high rise in matured town centre close to LRT/MRT/colleges is the way to go.
But beware as most ppl will tell you the property market is frothing already
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story time
why so many developers suddenly into building studio units in service apartment development these 2 yrs?
1. this are commercial land, commercial development area limited by plot ratio.... the max gross floor area that you can build!
(except MBPJ, control the maximum area of service apartment by Density (no. of person/unit per acre)
2. small unit = lower per unit price, tailor made for investor (who attended alot of property investment talk).... its easy to sell a < rm500k property than above..... (generally)
3. in terms of price per square ft is higher, hence higher return to developer in total
Before you start calculating the ROI, IRR, MIRR, etc
before you invest into this service apartment, pls do the basic market survey
1. Where is this apartment located?
2. who is your potential tenant? student? foreigner? soho?
3. where the demand come from? quantity? any college nearby, the college provide hostel? any multinational company there?
4. total supply in that area?
5. are they willing to pay for your asking? other choices? landed property?
besides that, spend some time to learn strata title legal and practise in malaysia
bcoz the property invesment guru teach you how to calculate the return.... he professionally telling u some hidden cost...
but did he tell u the risk of service charge can b raised as soon as 1st AGM for forming JMB. 1 yr after VP?
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I just came off a launch at alam impian. All sold by noon!!!!!!
I was amazed by the volume of people wanting just a few houses available and also i was surprised by the amount f money that they can spend!
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I just came off a launch at alam impian. All sold by noon!!!!!!
I was amazed by the volume of people wanting just a few houses available and also i was surprised by the amount f money that they can spend!
Sime properties is banging on their new direct access from KESAS. so they price on top of Kota Kemuning.
Ppl who wanted to buy from Kota Kemuning, Kemuning Utama..... this is the better choice, its new and better access....
bukit rimau and bandar puteri, bdr parklands is too far.... buyers been waiting..... so when this pop up...
waited buyer is fighting for a better lot
investor is hoping for developer increase price in 2nd and later phase.... so that they make paper gain at least!!!
so i wasnt supprise with the sales now.... let c it can achieve same sales in later phase....
Some banker said the current properties market price been jacked up to an unrealistic value by developers & agents, totally lost touch with the average working class. But, as you said all gone at 1st launch, ............. I wonder where does all the money coming from? Margin trader? ???
banker been saying this since last yr.... they been pulling handbrake as well.... most valuer in their panel list said the price is speculated.... but in the end they still want business.... they told me how they can help investor to get 90% loan for the 3rd loan application as long as they are happy with the applicant financial situation....
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@Sifu Chris: Thanks, did you mean bank can close one eye & give 90% loan for 3rd house also? That will be great news, but, will BNM interfere?
No. they cant break the law. the details is not good to discuss here
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Thanks, sifu Chris. Wil meet up sometime over the next gtg. Btw, your co project is mainly around Kajang, is it right? Any up & coming(Not those already eaten baubau by others) one closer to KL? Can pm your co contact or not? At my age, really need to get something solid to hedge against inflation, children education & other unforseable medical expenses lah. :Cheers:
my company have a project in Melawati, along MRRii and Jalan Kolam Air, so right across MRRii is TAR college. Very strategic location.
another is in Kepong, JV with some1, big semi D....
if you interested pls pm me ur number, i get some1 to call you, i'm no longer handle any property project....
up n coming is one near Bangsar South (we all used to call pantai dalam).... condo + villa....
maybe end of this year.
another under planning is near serdang lama.... beside sungai besi highway.... but plan not finalise....
in Kajang Semenyih, yes. got few project planning for next yr!
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Zitan: Back for holiday and leaving this weekend. 2 weeks is too short and need to get some stuff sorted before i go :p
Looks like you investing heaps :thumbsup:
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zitan :o
hahaha everybody will have their strengths and weaknesses :thumbsup:
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the property in KL is definately kena goreng big time by the rich... one of my client bought 40 units of the Jaya One Residence... All you need is a handfull of such rich ppl... no wonder it is sold out on day 1.
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haha... one of those ppl standing nearby feeling so jealous that i cannot afford even 1!!!!!
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Not only rich man investing, but sometimes the developer themselves or their staff also "sapu" a couple of units with the hope of selling them at a higher price.
Hopefully the property market has reached its zenith and on its way down. Then maybe the property price will be fairly reflected rather than at this moment.
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fingers crossed!!!!
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Not only rich man investing, but sometimes the developer themselves or their staff also "sapu" a couple of units with the hope of selling them at a higher price.
Hopefully the property market has reached its zenith and on its way down. Then maybe the property price will be fairly reflected rather than at this moment.
half true... property boss not that stupid.... if staff sapu mean the pricing proposed by staff is too low... n they planned for their on interest!
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Not only rich man investing, but sometimes the developer themselves or their staff also "sapu" a couple of units with the hope of selling them at a higher price.
Hopefully the property market has reached its zenith and on its way down. Then maybe the property price will be fairly reflected rather than at this moment.
half true... property boss not that stupid.... if staff sapu mean the pricing proposed by staff is too low... n they planned for their on interest!
I know of a few property developer's staff do that. The staff can be called rich but kept a very low profile and make their money in future new property sales. Some of them has been working for the developer > 13 years already.
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yes.... the new project by YTL at sungai Besi, the project sold out within few hours. I registered my name hoping someone will drop out due to loan issue. The next day, the sales agent call me that someone willing to let go but hav to pay RM50k as token to change name.... it is registered by one of their staff!!!!
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yes.... the new project by YTL at sungai Besi, the project sold out within few hours. I registered my name hoping someone will drop out due to loan issue. The next day, the sales agent call me that someone willing to let go but hav to pay RM50k as token to change name.... it is registered by one of their staff!!!!
Imagine RM50K per house, if sell 10 houses, become a 1/2 milionaire already.
The lower end property, the rate is lower from RM20K-RM30K, others between RM50K-RM80K.
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spot on!!! the staff just registered as many as they could then earn the commision by changing name. :mooning:
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which developer allow staff to put name and no need to pay one?
to book 10 units rm500k property, you need to pay 10 x 10% x rm500k = rm500k as deposit!
a high pay manager in developer firm may get around rm10k a month
a high pay gm may get rm20k a month
so... r u saying developer staff or their ceo, director n boss?
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which developer allow staff to put name and no need to pay one?
to book 10 units rm500k property, you need to pay 10 x 10% x rm500k = rm500k as deposit!
a high pay manager in developer firm may get around rm10k a month
a high pay gm may get rm20k a month
so... r u saying developer staff or their ceo, director n boss?
Well, could be true. The staff in question could be in cahoots with their top management and the return to be shared as agreed by both parties concern.
Or, some of the staff got together and share the lots among themselves.
Or, some of them got into some sort of "JV" with real estate agents (per zitan's comments).
There are endless possibilities, but one thing for sure is that this practice is quite rampant in Bolehland.
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spot on.... Bolehland rules!!!!
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;D lol bolehland is becoming satumalaysialand ady.
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Hey sifus, few days ago my friend ask me whether I want to buy his house as he's emigrating soon. He gave me a very tempting price and I really feel like buying it. I'm 28 and still staying with my parents so I always thought of buying own place and move out. Because it's my 1st time so I don't know a single thing about the loan part. Can you explain to me what is a mortgage loan? I know is something you gadaikan your house and need to pay some installment over some fixed period of time. I'm blown by all different loan offer from different bank. ??? Is anyone getting such loan and can you tell me good and bad about it?
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Interest rate at historical low worldwide. Mineral prices still holding firm. I dont think property prices in Asia will head south for now.
Unless China sneezes. With USD3 trillions in reserves and a centrally controlled economy, she is pushing all the right buttons. China has lifted East Asia since 09. The sentiments throughout East Asia is optimism, maybe except Japan.
If you can get a bank loan and in a prime location, I think you can park your money. For 1st time buyer, that is. Go landed. It maybe more costly but you can never go wrong w dwindling supply.
Sm
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That's a good advise from a experience guy!!!
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There seems to be someone registering new login names and posting ads for Citibank...
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There seems to be someone registering new login names and posting ads for Citibank...
We have a mole inside MWF?
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We talked bout developer internal booking prior to release to public. Directors, staff, loyal customers, business associates and suppliers always get the 1st bite. It is a fact. Some get bigger discount and some may not.
It is common and is within the rules. Developers are in the business to make money. The unsold units are release to the general public. While we may cry foul and it is also within our rights to say so.
Thats how the capitalist system works. I mean, if our g/f or family members are some big shots, we also hope to get the priviledge. Years back I know some top developers did not allow pre-booking but it is a different game now.
Today new launch properties are priced almost same or above sub sale w sexy finishes & design thrown in. They are better informed and really go for the 'kill'. A common denominator - profits n more profits.
This is corporate Malaysia, my friends.
Sm
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can someone suggest which bank has the best deal for a 250k loan for 15 yrs (if this is allowed, otherwise just pm). thanks very much
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Hi 7thfort, shop around will be the best option.I think the the rate now is about BLR-2+ %. Minus all stamping n legal fees will be a bonus 4 another watch.. regards tony
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Hi 7thfort, shop around will be the best option.I think the the rate now is about BLR-2+ %. Minus all stamping n legal fees will be a bonus 4 another watch.. regards tony
thanks tony for your invaluable advice.
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Couple of quick questions.
What is the max margin of loan one can take for a commercial unit? 70%?
If one has maxed out their 90% quota by taking 2 residential units under loan, will this have an impact on the 3rd loan for commercial? As in... will the max loan margin be 60% for the 3rd commercial loan?
What other good websites in Malaysia with real estate forum to recommend.
Many thanks in advance to all sifu.
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3rd property loan max 70%
Beside property loan, v hv many other loan
And bank is creative enough to give loan
Most important is bank think u can pay
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Couple of quick questions.
What is the max margin of loan one can take for a commercial unit? 70%?
If one has maxed out their 90% quota by taking 2 residential units under loan, will this have an impact on the 3rd loan for commercial? As in... will the max loan margin be 60% for the 3rd commercial loan?
What other good websites in Malaysia with real estate forum to recommend.
Many thanks in advance to all sifu.
FYI, If you have max out your residential loan (say 3 properties still under repayment), you CAN still get 85% loan margin. Resident properties is under HDA and commercial is not.
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No kidding, really? Already have 3 properties under loan repayment can still go for a 4th property at 85% loan?
Cool!
I need ta talk to me banker then :) Thanks for the advice.
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How about Penang island properties? I been away for some time for Malaysia and when I went to visit last month I was shocked at the prices of condos in the island. I can't figure out how your everyday wage earner can afford a decent condo at 600k there. Too hot!
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How about Penang island properties? I been away for some time for Malaysia and when I went to visit last month I was shocked at the prices of condos in the island. I can't figure out how your everyday wage earner can afford a decent condo at 600k there. Too hot!
Have cash ready, wait for the bubble to burst and buy at liquidation prices..
I sure wish I was prepared in 1997...
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Hahahaha...been ready for 2 years now waiting for the 'pop' to happen. Not coming yet. But I am not staying in Malaysia so I can't tell how's the market there now. Think it is gonna happen soon?
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No kidding, really? Already have 3 properties under loan repayment can still go for a 4th property at 85% loan?
Cool!
I need ta talk to me banker then :) Thanks for the advice.
Yes, you still can. The 4th property must be commercial property and not under HDA. That is why nowadays investor going for commercial property (shop, retail, office, soho, sofo and sovo) rather than residential.
Hahahaha...been ready for 2 years now waiting for the 'pop' to happen. Not coming yet. But I am not staying in Malaysia so I can't tell how's the market there now. Think it is gonna happen soon?
The "pop" won't be happening soon. I've heard this 5 years ago.
Here are the 3 main reason:-
1) Malaysia property market are still the lowest in the region. There are many foreign property investor from Singapore, China, Japan, Korea, India etc etc moving their investment here and some are migrating here (especially Japanese after tsunami) under MM2H program.
2) Malaysia still a under development country, which mean there is still a lot to grow (translate: there still a lots investment opportunity)
3) Price of building material and land price keep increasing.
For Penang Island property, even the price have gone up as high as KL property but still there is many foreign investor buying especially Japanese. For local, many investor buying at Juru and Seberang Prai as it is still cheap compare to Penang island.
My advice is "don't wait to buy property, buy it now and wait"
You won't get caught in bubble pop, if you know the investment game.
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My advice is "don't wait to buy property, buy it now and wait"
You won't get caught in bubble pop, if you know the investment game.
Bits of advice with a caveat thrown in. Smart!
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Good advise! But no time go look see lok see:Scolding:
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The foreigners are buying up all the condos in penang island. Its the only place that i wouldbuy for own use other than kl.
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My advice is "don't wait to buy property, buy it now and wait"
You won't get caught in bubble pop, if you know the investment game.
Bits of advice with a caveat thrown in. Smart!
Hahaha...
Ok..here some points for mwf members
Rule no 1: Have a plan.
Rule no 2: Do your homework. (Read, survey, view etc etc) Don't just follow others blindly.
Rule no 3: Work closely with your experience agent/negotiator.
Before you know it, you will be owning properties one after another. :Cheers:
We talked bout developer internal booking prior to release to public. Directors, staff, loyal customers, business associates and suppliers always get the 1st bite. It is a fact. Some get bigger discount and some may not.
It is common and is within the rules. Developers are in the business to make money. The unsold units are release to the general public. While we may cry foul and it is also within our rights to say so.
Thats how the capitalist system works. I mean, if our g/f or family members are some big shots, we also hope to get the priviledge. Years back I know some top developers did not allow pre-booking but it is a different game now.
Today new launch properties are priced almost same or above sub sale w sexy finishes & design thrown in. They are better informed and really go for the 'kill'. A common denominator - profits n more profits.
This is corporate Malaysia, my friends.
Sm
For Directors and landowner (if JV), they do pick some units for themself to sell or rent in future.
For staff, I doubt it. Say booking fees is RM5k, 10 units will be RM50k. Recent hot property booking fees gone up to RM15k-20k. Can they really afford to lose it, if they couldn't sell back to the public within the time frame? Or maybe they could buy 1 or 2 units each.
So why most of the time when the property launching day you couldn't find any good units left or all sold out? Here are the marketing strategy and main reason. Months before launching, the developer marketing have been seeing people in real estate agency, investors group and etc to tight up with agent to promote their property. Believe it or not, some individual investor buy in bulk (5-20 units) at a go and some investor group buy in block (whole block or half block), if its a good location property and the price is right. Of course this translate to slightly more discount.
If you are into property investment / buying for own stay, I do suggest you work closely with your experience agent. :Cheers:
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Can anyone PM me some recommended experienced R.E. agent?
Cheers.
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has anyone of you living in Klang Valley consider investing JB , especially the Iskandar area ? The property prices now are going up higher & higher there. I think soon JB will probably be like Zhu Hai :Startled:
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has anyone of you living in Klang Valley consider investing JB , especially the Iskandar area ? The property prices now are going up higher & higher there. I think soon JB will probably be like Zhu Hai :Startled:
how soon?
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Iskandar area?
I think starting now already getting hot, hotter by the day.
With Legoland and all...
One need to see and survey the place to believe it.
If only I can afford the time.
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has anyone of you living in Klang Valley consider investing JB , especially the Iskandar area ? The property prices now are going up higher & higher there. I think soon JB will probably be like Zhu Hai :Startled:
how soon?
Should be pretty soon , the last i was down in JB couple of weeks ago , saw many positive changes to the city , rapid development around Nusajaya area , legoland , new universities & other major development. For shopping there is a premium outlet being highly promoted there , a lot of locals & foreigners are going down south to JB so no need to cross the border :thumbsup:
Iskandar area?
I think starting now already getting hot, hotter by the day.
With Legoland and all...
One need to see and survey the place to believe it.
If only I can afford the time.
Agree!..
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15 yrs ago the major infra in nusajaya already done
At that time, Johor property is still very very low... I still remember the bungalow lot is selling around rm 20psf in Ledang heights...
Many investor from around the world is watching... Many mou signed, include the universal studio!!! But none materialise
Most industrial did not get attention despite heavy promotion in big Malaysia n Singapore
Even after the state admin was moved there, it's still like ghost town
Roughy 6 yrs ago, Islandar region formed n announced... The attention is back but no body take the first step... The push is to attract hot money from Arab and spore
But many deal never materialise still... Deal signed but no money in...
Land selling ard rm130psf
But for the past 2-3 yrs... After property price surge in spore and Msia
N Lego land near completion, Newcastle university started work... Road connecting to danga bay completing...
KL investor keep buying those nearer to danga bay as well as state admin centre...
N with the opening of Johor premium outlet n Lego land brought in a lot of tourist...
Yes! It is hot... Land price is 3 fold as compared to 3 yrs ago..
But work investing?
Buy service apt? Buy condo? Buy office? Or buy shops?
Or buy landed residential?
Will the property price appreciate when it deliver 3 yrs later? Can get good rental?
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Good questions posed by chris.
Only time will tell.
IMO, the whole place is slowing being developed. But will the price appreciated fast enough to a level worth investing? If buy property for rental, which is better - landed or condo style abode?
Where are the places worth investing - near universities? industrial areas? commercial hubs?
All these requires time to go down JB to survey and then make informed decision.
Just my 2 sen of opinion.
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Normally ppl with guts make big money...
Die die buy first... Lol
If I m going to invest now, Klang valley still my target... Easier to monitor!
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Normally ppl with guts make big money...
Die die buy first... Lol
If I m going to invest now, Klang valley still my target... Easier to monitor!
Totally agreed with you, personally :Cheers:
But in recent month, I have some foreign investors asking me to get properties and land for them around Iskandar area. Early bird get the worm mentality. Hahaha
Anyway, I will be going down to have a survey soon since my company have tight up with a few developers new launch recently.
Good questions posed by chris.
Only time will tell.
IMO, the whole place is slowing being developed. But will the price appreciated fast enough to a level worth investing? If buy property for rental, which is better - landed or condo style abode?
Where are the places worth investing - near universities? industrial areas? commercial hubs?
All these requires time to go down JB to survey and then make informed decision.
Just my 2 sen of opinion.
IMHO, All properties are good. There is no which is better than the others. It's depend on your appetite. High risk, high gain. :Cheers:
Can anyone PM me some recommended experienced R.E. agent?
Cheers.
You can pm me and we go yamcha.
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my place here which is a small town in perak most of the property went up more than 50percent too but it depends on area.
A landed double storey can cost rm400k easily. previously was around 200k
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my place here which is a small town in perak most of the property went up more than 50percent too but it depends on area.
A landed double storey can cost rm400k easily. previously was around 200k
Where in Perak? Me from Ipoh.
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maybe canning garden or ipoh garden
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Canning Garden where got so cheap at 200k to begin with?
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I think it really depends on the size of the houses at canning garden or ipoh garden. Those semi d types definately worth more than 200k but alot of the houses there single storey terrace type, think still can get. I myself most of the time will fly in to penang......kakakaka...scouring for a good place in penang. But seems like the market in penang is fueled by investors. Conincidently i noticed the boom started in 2008 in penang after tracking the prices movements. Apartments and condos in Penang are not for rental yield, its for capital appreciation. Really hot thanks to those upscale projects here. How hot? Saw an apartment, nice quint place, something like those Usj court apartments or walk up apartments but with lift. Asking 500k for 1100sq ft. KL can still get at 300k. age bout 8 yrs old. Distance is like staying in the suburbs, adjusted for penang island size.
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Nowadays at the usj area, a budget of rm300k will get you nothing much. Those usj courts apartment takes more than that.
Recently, I was in the market for a nice condo (+1100sqft) on ground level with pool view takes rm500k+. After signing signing up the agreement form to buy/sell and a 2% deposit, the seller FFK (abort) and paid the compensation. Now I am back to square one.
Less than a year and half ago, those walk-up apartment at the usj courts at 650 sq ft takes only rm60-80k. Now the same units takes rm 140-170k...all because the LRT comes to town.
Sometimes, I feel whether it blessed or otherwise for those staying near these LRT stations...with the noise level and human traffic increases to many folds...
dc
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Nowadays at the usj area, a budget of rm300k will get you nothing much. Those usj courts apartment takes more than that.
Recently, I was in the market for a nice condo (+1100sqft) on ground level with pool view takes rm500k+. After signing signing up the agreement form to buy/sell and a 2% deposit, the seller FFK (abort) and paid the compensation. Now I am back to square one.
Less than a year and half ago, those walk-up apartment at the usj courts at 650 sq ft takes only rm60-80k. Now the same units takes rm 140-170k...all because the LRT comes to town.
Sometimes, I feel whether it blessed or otherwise for those staying near these LRT stations...with the noise level and human traffic increases to many folds...
dc
The seller refund double for that?
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Chris...
Seller pay same value as per deposit to be shared by buyer and agent.(written on contract).
I take back my deposit.
dc
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Chris...
Seller pay same value as per deposit to be shared by buyer and agent.(written on contract).
I take back my deposit.
dc
U shd make sure the contract to hv
1. Double refund
Or
2. With specific performance clause
These r common, many seller flip in booming market especially lease hold property
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Chris...
Seller pay same value as per deposit to be shared by buyer and agent.(written on contract).
I take back my deposit.
dc
U shd make sure the contract to hv
1. Double refund
Or
2. With specific performance clause
These r common, many seller flip in booming market especially lease hold property
IMHO, just to share
1) if the vendor/seller signed the letter offer to purchase and agreed by special clause, then maybe you can ask for double. If he (vendor) haven't sign yet, and pull out (ffk) at last minute then we cannot ask for double cos he haven't agreed to sell it to you. Same as when purchaser ask us to put a special clause like subject to loan approval. Some vendor accept it but will add other clause to this and that.
2) in any real estate agency registered under MIEA, all clause in standard agreement are fair and square to protect both parties (vendor and purchaser).
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Thanks Zen
We just sign on the standard agreement format to buy/sell. Unless you impose certain clauses, both parties will start to add on and make things complicated.
But then, its make a lot different if the seller really need to dispose or the buyer wants the property badly.
We called it a day when the seller willing to pay compensation like a duke and the buyer accept it like a gentleman...
dc
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how's the market for the year of 2013? price is going up and strong?
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Can I ask a question, I'm going to book a unit at nadayu 92, do u guys think that a good buy?
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I bought a unit nearby USJ as well about 1/2 months ago. Just signed SNP. Can have a look at Impian Meridian @ 470psf. It's the 2nd closest Condo to the new LRT (closest is Damen). Since Damen (700-800psf), Empire Remix & Youone (650-700psf) have skyhigh launch prices, if you can pay deposit for subsale, Impian Meridian is a good prop for investment.
I won't stay there though, the jam in front of Summit is :HammerHead:. But once the LRT is ready, rental play is excellent for young execs and families. Right now rental is already strong because Impian Meridian is right in front of SEGI college. Rental Roi is about 5.8% which is quite good.
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My experience of staying in condos rented to college students or high student population in the project, whatever u earn would be off set by the damage done
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My experience of staying in condos rented to college students or high student population in the project, whatever u earn would be off set by the damage done
Yeah... Kinda agree on that part...
Students will just rape your property and when they move out, ready to pay for repairs...
The security deposit will never be enough to cover the repairs...
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Recently, I have bought fortune perdana at kepong area. Anyone bought here?
1027sqft RM 476k...
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I see the discussion stop last year (2013).
Any input/thoughts for 2014 after the cooling measures?
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I was just having lunch with my banker a few days ago. The government is trying to "correct" market speculation by implementing taxes on private properties and additional taxes on top of the taxes for commercial properties.
My take on this? Based on what was happening in Hong Kong...govt implemented a 100% increase in stamp duty for properties bought by non permanent residents, has not subdued the hunger for buying properties here by non residents. All they do is increase the rent which has to be born by the renter. There was a slight correction of property prices though, but not significant enough as the difference is only 5%.
Back to KL...I think that there will be a slight slowdown or stabilisation of property prices as investors are being scrutinized more by banks before a loan is released. Bank Negara is putting a limit on repayment years on people who want to re-mortgage their properties.. So with all these in place, I will see a slight stabilisation, but still a strong need for properties in the KL/Klang valley areas. Many people are cash rich and as the famous Lee Ka Shing has quoted before, buying bricks are better than buying paper...
All of the above are my humble opinion only. As always, I stand corrected by anyone who has more updated or better information. Interested to hear what others has to say about the current trend.
DC
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That's right. bankers are getting very strict and more and more loan applications got rejected. this could help prevent further exurberant hike in property prices.
Now the impact of GST would come into play soon.
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If the local market is hostile to property investor, its time to consider the UK's market. Bearing in mind of the likelihood of another cycle of Asian financial crisis over this 15-20 years cycle!
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So Bank negara is targeting speculator so far
Previous yr u saw 3rd house loan max 70%
This yr
1. Dibs prohibited
2. Rpgt increased up to 30%
3. Foreign buyer can only buy a million or above property (previously rm500k)
4. Developer must declare full all benefit in sales ( free legal fee, lstamp duty, etc )
+ 6% of GST in 2015
+ consent needed for en bloc purchase
So....
Cooling is for sure...
Iskandar is overheat, cooling as well... All sales slow down, after mh370, worst!
But affordable housing? So far reputable new scheme still selling very well!
All projects in Kajang Bangi semenyih broga beranang.... Still selling very well!
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At what point is it considered a bubble? Hundreds of ppl lining up for a property launching for a chance to spin a wheel to win a chance to buy an uncompleted property using borrowed money. If this is not over-exuberance I don't know what is.
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Agree with bro wats...., local properties market likely to take a tumble within the nxt 3 yrs!
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Don't say tumble la.. but I honestly see limited upside for property. Although I've been saying that for the last few years :Laughing_on_floor:
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I'm in opinion that property prices will continue it's upward trend (albeit at a slower pace) given that we have yet to address the most fundamental issue: The fact that demand is still exceeding supply. I don't believe developers are supplying enough units to address the demand, and as long as this is the case, property price will continue to rise. Rising material price and GST will be other factors that shouldn't be overlooked as well. If you ask me, I agree that property market is heating up, but a bubble? No, I don't think we are anywhere near that yet.
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It depends on what is the definition of bubble. one of the practical way is to look at the rental yield. many properties now are giving yield lower than FD interest. which would mean the only way the investor hope to make money is for continual hike in the capital price.
I wont say Malaysia is having great bubble now but situation would definitely get worse if not because we have a brilliant Governor whom i think did a very good job in monitoring the market. (one of the tiny few Govt officers i regarded as brilliant. I am having hard time single out a second one. )
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Ya maybe we should have more women in high posts :Dancing_banana:
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I'm in opinion that property prices will continue it's upward trend (albeit at a slower pace) given that we have yet to address the most fundamental issue: The fact that demand is still exceeding supply. I don't believe developers are supplying enough units to address the demand, and as long as this is the case, property price will continue to rise. Rising material price and GST will be other factors that shouldn't be overlooked as well. If you ask me, I agree that property market is heating up, but a bubble? No, I don't think we are anywhere near that yet.
Problem is demand is more for affordable units but market seems to purposely neglect the said demand....
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I'm in opinion that property prices will continue it's upward trend (albeit at a slower pace) given that we have yet to address the most fundamental issue: The fact that demand is still exceeding supply. I don't believe developers are supplying enough units to address the demand, and as long as this is the case, property price will continue to rise. Rising material price and GST will be other factors that shouldn't be overlooked as well. If you ask me, I agree that property market is heating up, but a bubble? No, I don't think we are anywhere near that yet.
Problem is demand is more for affordable units but market seems to purposely neglect the said demand....
Developer responding actually...
just that houses is further away from town. KL to Cheras to Kajang to Bangi to Sementih to Broga Beranang nilai now....
cost soared up since 2-3 yrs ago.
so.... SO CALLED affordable price
for apartment is below rm500k
for landed is below million dollar
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I'm in opinion that property prices will continue it's upward trend (albeit at a slower pace) given that we have yet to address the most fundamental issue: The fact that demand is still exceeding supply. I don't believe developers are supplying enough units to address the demand, and as long as this is the case, property price will continue to rise. Rising material price and GST will be other factors that shouldn't be overlooked as well. If you ask me, I agree that property market is heating up, but a bubble? No, I don't think we are anywhere near that yet.
Problem is demand is more for affordable units but market seems to purposely neglect the said demand....
And neglecting that market will come with a bad outcome.
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I'm in opinion that property prices will continue it's upward trend (albeit at a slower pace) given that we have yet to address the most fundamental issue: The fact that demand is still exceeding supply. I don't believe developers are supplying enough units to address the demand, and as long as this is the case, property price will continue to rise. Rising material price and GST will be other factors that shouldn't be overlooked as well. If you ask me, I agree that property market is heating up, but a bubble? No, I don't think we are anywhere near that yet.
Problem is demand is more for affordable units but market seems to purposely neglect the said demand....
And neglecting that market will come with a bad outcome.
those are less profitable and thus developer are less interested in.
One area on low cost housing, i noticed that there are plenty of low cost unit on bank's lelong / auction, some well below market price. but on the other end Govt is forcing developer to build low cost apartment again. Why can't the Govt assist those low income earner to buy from existing unit put on sale instead of keep building new? which could kill two birds with one stone. i.e solve the default case while help house owner get a cheap unit.