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 Your Worst Property Invesment, Share your story

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prody
post Oct 26 2010, 03:35 PM

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QUOTE(cngi @ Oct 25 2010, 04:24 PM)
Now Puchong area is hot now...expecially near bandar puteri...recently new property K boulevard is hot cake there...price is speculated up to 300+ per square feet later..
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Advertising K boulevard in this thread is dangerous. wink.gif
leongal
post Oct 26 2010, 03:46 PM

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3 bedroom landed property in Taman Sentosa Klang, yield rental of RM 300 per month blink.gif (my friend owns that)
SUSHidan
post Oct 26 2010, 04:46 PM

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QUOTE(leongal @ Oct 26 2010, 03:46 PM)
3 bedroom landed property in Taman Sentosa Klang, yield rental of RM 300 per month blink.gif (my friend owns that)
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I think this place is quite deep in Klang. Quite secluded.
leongal
post Oct 26 2010, 04:47 PM

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QUOTE(Hidan @ Oct 26 2010, 04:46 PM)
I think this place is quite deep in Klang. Quite secluded.
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yah, and it has safety issue also.....alot of robberies
loki
post Oct 26 2010, 04:53 PM

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Don't touch Johor Properties...They are dead...

My bro bought a property from well known developer for 220k. That was 15 years ago. After finished paying his loan, his property is now only worth 180k.

This post has been edited by loki: Oct 26 2010, 04:55 PM
xander
post Oct 26 2010, 05:01 PM

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which part of johor huh bro
Arcanum
post Oct 26 2010, 05:09 PM

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Maybe Bandar Baru Nilai for my mum. But been receiving calls from car service shops/workshops and tyre workshops because they're interested in renting .... don't understand though because it's a plot of land in the middle of the residential estate.
kw_cheah
post Oct 26 2010, 05:36 PM

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Like RE experts said, we shall buy property base on it's actual value rather than potential value. If we all follow this practice, those bkt beruntung case won't be happen on us.
airline
post Oct 26 2010, 05:48 PM

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taman sentosa-many indians there. No?

My bro bought a property from well known developer for 220k.- which developer is this? sp setia ke? huge landbank in johor
ccdev
post Oct 26 2010, 06:27 PM

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am thinking about getting a place in Seri Cendekia Condo inTaman Connaught, Cheras for investment. but listen to these horror stories also have to think a bit. even if location good but tenant teruk, still got problem. what other pitfalls are there other than location and tenant for completed units?
epie
post Oct 26 2010, 07:11 PM

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QUOTE(ccdev @ Oct 26 2010, 06:27 PM)
am thinking about getting a place in Seri Cendekia Condo inTaman Connaught, Cheras for investment. but listen to these horror stories also have to think a bit. even if location good but tenant teruk, still got problem. what other pitfalls are there other than location and tenant for completed units?
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woah...got horror stories in connaught ...must be from the bukit nearby
i thought that place is a very good place to stay
PrinceHamsap
post Oct 26 2010, 08:23 PM

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QUOTE(epie @ Oct 13 2010, 08:25 PM)
i think people who bought property at bukit beruntung area 10-15 years ago
any experience wanna share here
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i bought a shop lot there

now its dead ... not really, can see some ppl parking their cows into my shop laugh.gif
ccdev
post Oct 27 2010, 09:21 AM

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QUOTE(epie @ Oct 26 2010, 07:11 PM)
woah...got horror stories in connaught ...must be from the bukit nearby
i thought that place is a very good place to stay
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no, no, not horror story in connaught but horror story in lowyat. from your comment, connaught must be good place!
rakyat
post Oct 27 2010, 11:27 AM

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QUOTE(ccdev @ Oct 27 2010, 09:21 AM)
no, no, not horror story in connaught but horror story in lowyat. from your comment, connaught must be good place!
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The apartments in Tmn. Connaught (mid-cost not low cost) r good investment but I think the price has been chased up after the completion of IJM's landed.

There is a catchment of college students (if u don't mind Africans), IJM's project have revitalised the area + push it to upmarket (for Cheras standard), new access road from Kesas.

Always saw potential in the area & regret did not put $$$ in it 10 yrs ago
frequency
post Oct 27 2010, 05:02 PM

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my auntie bought shop lot at commerce square (PJ)
unable to let go as no finance willing to approve loan for buyer....
epie
post Oct 27 2010, 05:03 PM

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QUOTE(rakyat @ Oct 27 2010, 11:27 AM)
The apartments in Tmn. Connaught (mid-cost not low cost) r good investment but I think the price has been chased up after the completion of IJM's landed.

There is a catchment of college students (if u don't mind Africans), IJM's project have revitalised the area + push it to upmarket (for Cheras standard), new access road from Kesas.

Always saw potential in the area & regret did not put $$$ in it 10 yrs ago
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you do not put money now and u will say the same thing in 10 years time whistling.gif
lizziewong
post Oct 28 2010, 12:57 PM

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QUOTE(bluesfingers @ Oct 17 2010, 03:41 AM)
with all the above property investment failure do you think it is still wise to jump into this ship? I m investing part of my money in equity market but still wana diversified on my investment portfolio. Dam it the property price keep surging like no body business. Too much speculation? Anyone aware that most of the new properties launch are selling above RM300k-400k (only condo) don't dream of landed property dudes/babes.
The only massive drawback for property investment is once you invested wrongly (eg bukit berugi) you'll be stuck and not easy to get rid of it. Whereas investing on a better location, entry cost will be lot higher).
am i waffling? rclxub.gif
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Equity has its own set of risks as well... think Transmile. Of course, there are good stocks, and REITs are safe bets too, if you are satisfied with a 7% yield with limited capital appreciation.

What makes property investment attractive is the leveraging effects. For stks, u have to put up 100% of the capital, whereas for property, one needs to put in about 20% of the cost and we are in business.

rakyat
post Oct 28 2010, 01:41 PM

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QUOTE(lizziewong @ Oct 28 2010, 12:57 PM)
Equity has its own set of risks as well... think Transmile.   Of course, there are good stocks, and REITs are safe bets too, if you are satisfied with a 7% yield with limited capital appreciation.

What makes property investment attractive is the leveraging effects.  For stks, u have to put up 100% of the capital, whereas for property, one needs to put in about 20% of the cost and we are in business.
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U don't have margin account meh?


Added on October 28, 2010, 1:42 pm
QUOTE(epie @ Oct 27 2010, 05:03 PM)
you do not put money now and u will say the same thing in 10 years time whistling.gif
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Too little money chasing too many development brows.gif

This post has been edited by rakyat: Oct 28 2010, 01:42 PM
ccdev
post Oct 29 2010, 03:31 PM

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on a lighter note, check this link by a landlord

http://www.propertyinvestmentproject.co.uk...t-and-sex-toys/
KLsooner
post Oct 29 2010, 06:36 PM

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Sentul East condo project by Taiping Consolidates 15 years ago, now become other people condo under YTL, nothing compensated.

This post has been edited by KLsooner: Oct 29 2010, 06:37 PM

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