FIRE SALES Coming

Holding power?

Panic Early
If you are going to sell be the first. In short, panic before anyone else does.

Even if it does i cannot afford it , but kinda hard to look at prices now, i.e say completed like The Elements , search of property website show very big variations in price psf (RM700+ to RM1000+) looking for expert to explain

Actual transacted price, lotsa variation also in price psf

http://www.brickz.my/transactions/resident...nts/non-landed/

How does holding it 4 to 6 years would be ok?

You need to beat the fixed deposit rate (near zero risk)

Simple comparison : 1.1M property 1M loan@4.5% 100k Deposit
Monthly installment = 5,066k Monthly maintenance = @.35c (say 1000sqft) = 350
5 year cost = 303,960(5066*12*5) + 21,000(350*5*12) + 100,000(deposit) = 424,960
loan outstanding = 911,579

If you sell at 1,336,539 (424,960+911579) , congratz, you get your money back
*of coz not this simple, since you need to pay stamp duty+lawyer fees+agent commission+what nots

*above is stupid simple calculations, please add/minus any rental income/misc fees

so the big question, can you get 1,336,539 after 5 years? wish i got a crystal ball

for comparison, near zero risk investment (put money in fixed deposit @3% )
1st lump sump 100k, subsequent monthly topup 5066

after 5 years, you get 443,901 (earn 43k)

Warren Buffett - "When forced to choose, I will not trade even a night's sleep for the chance of extra profits"
- but some people don't like to sleep at night

Classic case of creating own Bad Feng Shui

If most owner think same way, most units will remain empty, this will have a cascading/snowball effect down the line and create a self defeating death spiral that is very hard to get out.
- less people around will make it less lively, this in turn, will attract less people
- retails lots will become half-dead, making even more less attractive for people to come
- and after 1 year pass, fat cheque gone, how?

before buy anything, quick check website, auctions coming up

830k for 820sqft

http://www.propertyguru.com.my/property-li...Cnormal%7C1%7C1

if no takers, depending on the bank, maybe re-auction at lower price

sorry , my mistake on earlier post, got confused but below <rm1,000 per sqft
quite a bargain if you would say so, quick quick, go buy

http://www.propertyguru.com.my/property-li...Cnormal%7C2%7C1


if no like auction unit, here's a whole bunch <rm1,000 per sqft
Now, question is, got enough bullet to whack em all?, since it is a bargain

http://www.propertyguru.com.my/property-fo.../at-m-city-1907

There is nothing that is too cheap and too expensive
Whatever said and done, for true market value, just check the auction done price