Oi what about their bank interests and other expenses? If can make Rm120k considered very good dy.

Just saying. Seller could be getting less. A lot of people think flipping is the way to make. Actually the better way is to keep a bit longer.

How was it a false start?

You must understand Rawang was not and still is not a place to invest for the rental market. If you want to stay it's fine. If you want to rent out then buy near the city or in prime locations in PJ. It's ok to pay more bcs you get back in monthly rental and when you sell the price would be high too.

The distance from Rawang to the city is a tad far but once congestion eases with the coming of the LRT which will eventually come. It's a matter of time. It's a natural development that it should come one day. It would be faster if the pace of development becomes a bull-run in the next 5-10 years. From Sg Buloh the possibility of it being extended to Rawang is very real once development northwards becomes relentless. Development is now on the plate bcs the south,east and west have all been developed so Rawang is THE next bastion.

You buy in Rawang for capital gains,not rental. Now the entry cost is still very affordable but of course if you had bought 10-20 years ago it would have been dirt cheap. However,rental will come by and by,especially with the coming of the LRT,the easing of traffic on the Jalan Duta highway and the coming of bigger industries and businesses. When people come so will the market for rental bcs there won't be enough housing. It takes time to build. I bought land and another type of property and just let it sit there. Anyway,you can rent out the empty land for all kinds of activities before you build unless it is a bungalow plot. Some such plots in the city can be rented out for parking bcs in the city space is money. In Rawang there is so much land but these past 3 years,beginning 2010 the prices of land and houses have gone up dramatically. If I can afford it today I would still buy for capital appreciation.

The house must be at least RM300k now,a 3-fold increase. You've stayed for say 18 years (minus 2 years construction period) so you would have saved rental for that 18 years. Just say RM3600 per annum you'd have saved about RM65k. Of course,after deducting the toll and car wear and tear (an unused car of the same age would just fetch maybe RM1k more on the resale market. Who would pay much much more? He might as well buy a brand new car. People argue that if you travel further there will be wear and tear. If you maintain your car well it won't cost you much more),perhaps you still save RM60k. If you had rented the same type of house in Kepong for 18 years it would have cost you RM130k (we just average the rental to RM600 a month).

People should buy and stay,not try to rent out. I knew the rental market wasn't there so I bought land and let it just sit there. After deducting the bank interest I still make a hefty sum. We should buy as much land as we can find and afford bcs God doesn't make any more land LOL. In fact,I bought a building and did not bother to rent it out. I just let it sit for 8-9 years and now I can sell for 3 times the original price so after deducting the bank interest I still make a tidy sum. You don't have to work but the initial 20% you put in is earning thousands every month. I saw the potential of rawang more than 20 years ago.

If buy around Rawang town should not have been a problem. Beruntung and Sentosa tak untung and tak sentos/senang hati buy there.

I saw the potential more than 20 years back when KE was not even in the pipeline. I bought into KE when it first started in 2001. Now if you look at KE and Anggun you will I regret not buying into Anggun.

This post has been edited by TheOwl: Aug 16 2013, 01:12 PM

KE is good too. The businessman who bought 114 shop houses a few years back for RM500k each had holding power. Just imagine if he spent RM300k paying the bank interest and touching up the shop houses. Now he sells each at RM1.3million. Even if in the end he makes only RM300k form each shop house he would have made RM32.4million if he had held them for 5 years he would have made RM6,840,000 a year for not that much effort. Those who dare take risks make money. We all know sure to make but do we have the foresight and courage. That's why they make multi-millions while we make a few hundred thousand or a million or two at most.

EW and EE both under KE lah. Now the road to EW entrance so nice dy. Flip is good bcs can make fast and buy again but if hold on (if have holding power lah) better bcs can make much much more.

Kota Emerald,Hong Leong project in Rawang.

I thought the original price too high. Haizzz. How much Anggun 1 and 2 semi-dees going now?

I think the bull-run will continue for a few more years or maybe for the next 5 years. So many big big players coming in. Rawang,once a boring backwater is gathering steam and becoming a sexy place to invest.

My bungalow plot which I bought for a pittance was sitting pretty for years without much appreciation in value but now is now suddenly in demand. I "regretted" buying then but now I wish I had bought 2 or even 3 lots. Then sell one to finance building the house on 2 lots which will be large. I was in fact "begged" to sell but even at RM100 I won't sell as I intend to build and retire there. If you sell you can't buy back at the same price. Why the sudden interest? People know that with the coming of big players prices are bound to rise bcs these people have the "power" to move mountains LOL

A friend of mine had the foresight to buy a semi-d 30x70 (built-up 20x70 only) at about RM130k in 1992 if I'm not mistaken,dirt cheap then but money was bigger 21 years back at BCH (the type where you can park 2 cars in the porch. The other type where two house share one porch was RM10k cheaper) told me he used to rent it out cheaply at RM400-500,then it was empty for a few years. Last year sold it off for over RM400k (gone up slightly over 3 times the original price). He said the rental is RM1k now but since his nephew was getting married he sold it to him. Own sister's son so he gave a small discount too as he saved on agent's fees. After deducting bank interests and adding in the rentals he had earned he still made RM12k p.a. so it was like RM1k a month for not doing any work. Not such a bad investment. Slow and steady.

I also like EW. They are actually divided by the N-S expressway but both also under KE. If I could afford I would have bought the bungalow plot at EE but cannot over-invest. If greedy and bubble burst can die wan LOL. I always consider my holding power first b4 investing bcs we never know how long the bull-run will go on. This time it started in 2010 so will be for some time. If you do your homework a downturn will go on for 3-5 years then there will be like 10 years of prosperity. That's why I believe the prices will stay high next year and might even rise again in 2015 and might not ease till after 2019.

If I'm right a lot of young people in their late 20's and early 30's will not be able to buy for another 5-6 years. I always tell them no need to panic. Buy small,then keep upgrading. Nowadays young people want to straightaway buy big car like Honda Accord/Toyota Camry you know cars in the advanced category which would be driven by people in the late 30's at the earliest or early 40's or even in the early 50's as if they think their company must give them such a company car. If you've just been working in middle management for a few years after being a fresh grad why should the company give you anything? They only give their top management people such ho liao cars. They want to straight away buy those super-link 26x80 houses. It's like they expect their parents to help them. We were not so lucky then. Besides,our parents being unable to help us we still need to tanggung them and some even have to educate their younger siblings. Luckily I didn't have to tanggung siblings. These days if they give you money once in a while consider yourself lucky.

Wah,if look at pic you think it's the landscape of west devon in england or the french countryside. Cukup2 ho leng.

No no cannot put your eggs all in one basket. If the basket overturns habislah nothing left LOL. Must diversify. Buy in other areas also. I'm in the process of consolidation.

Young people today like to show off. People in the mid or late 20's should start in a modest way. If parents are doing well can help,if not how? It's not fair to expect siblings to help bcs they have their own commitments also. Why can't he get his second prop instead of helping you buy your first prop since he started work years ago and will retire yeras before you? If you're fresh wait your turn. Some parents are not so right in the head. They pressure the older kids to help the new grads in the family to buy their first prop and then cause a lot of animosity among the children. Most people will buy their first prop in their late 20's or early 30's. Of course some start working very young at 21 or 22 bcs they do fast-track degrees (not so solid to do fast-track ones bcs bread takes time to bake,if you know what I mean but if they are so smart to grad early doing a normal degree course then good for them. Imagine being 2-3 years ahead) can start buying at 26 or 27 but I won't advise them to get tied up too early. It's better to commit when you feel more comfortable bcs if the salary is small it would be a struggle to pay the heavy instalments every month while renting is much cheaper. Many people talk about the rental going to waste but they forget that if you buy and take a hefty loan you pay lots of interest too. It's almost the same or there won't exist a rental market. I would rather commit in my late 20's or early 30's when my salary/allowances/perks have gone up after 5-6 years' working experience and savings. Luxury car should wait for the right time. As long as you've a decent car that won't break down it should be fine.

In fact renting for a few years then buying is wiser bcs if the loan is a lot the interest paid would even outstrip any rental. Save longer and take less loan. No need to panic and buy when prop prices are rising. It's all psychological. The developers,the agents,the banks,the lawyers all shout shout and put everyone in a frenzy. Why? Everyone wants to make money. I took my time buying my first house though I was like about 28 only. It was tough but somehow managed bcs I didn't have to take a huge loan bcs had been slowly saving for a few years.

8 years after starting work? that's pretty fast already. That means you bought your house after working for 5-6 years? That's a nice waiting period. It's okay to buy your first house even after 8-10 years of starting work. No need to kill ourselves doing it LOL

Agree. With the Chinese school at KE and Aeon KE/Anggun and even BCH should be good to live. Once the banks,private hospital and school come to Anggun City it would be even better. Is the private hospital in old Rawang town in service already? Even now those who have retired or are working from home or only need to go into office once or twice a week should stay. I'm waiting to build - retire early and come live here. Once facilities are all in place at Anggun City and the road from M Residence to the flyover under construction and the road from the flyover to Templer's Park are ready this place is going to boom like mad. That's why if we have the holding power only sell after all these are ready.

Aiyah,cheap2 prop a bit a bit here and there lor. Now can still go in. Dun wait. I bought time was almost dirt cheap. Wait patiently but prices have gone up steadily. 3 times or more now. Places like Anggun and KE faster lar but capital outlay/leveraging more.

The KE Chinese school is a real bonus for those who have young children. To me the most important would be the convenience of banks esp Maybank and Aeon. I hardly touch fast food but I like the modern kopitiam where I can get a cup of good coffee or tea which won't cause me to think of robbing the bank LOL.

Thanks for the map. So clear. The clubhouse would enhance the value of our property in EW. Btw,members must be residents? What if people rent there and landlords who stay elsewhere?

This post has been edited by TheOwl: Aug 18 2013, 03:53 PM

The 9-hole golf course that was next to Sapphire Precinct? You mean they are going to revive the golf course again? The lake is nice.Tthey should make that place into a jogging area like the one at DPC. I exercise there a lot.

It's a status symbol for DPC people to rear exotic and rare dogs. One evening my friend and I came across a dog,all orange looking like a lion. Maybe the zoo in China should use that dog to bluff people that it was a lion. This orange dog was friendly and enjoyed being the centre of attention. Lions are actually dark beige,not even orange and the zoo used a black mastiff to pass off as lion haha. I wonder how these DPC people keep dogs when their houses are so small. So small and so expensive. The developer had to charge such high prices bcs of all the lovely landscaping. Their maintenance must be expensive too. I would rather live in a big house but forgo the landscaping. Landscape your own grounds if environment is so important to you. If they want to build big and landscape beautifully some more the houses would cost a bomb. Even now the small built-ups at DPC are not causing price stagnation at all. Prices have gone up to a really scary level.

I guess we could all live in KE and go for evening exercise with our exotic dogs in a few years from now LOL