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Investment SUMMER SUITES AND SUMMER V.O.S. [OWNERS' THREAD], From RM328k off Jalan Sultan Ismail

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jeghui
post Feb 10 2011, 10:51 AM

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QUOTE(hidden830726 @ Feb 10 2011, 09:40 AM)
Bumi lot on such premium project is bxllshxt. isn't it to help the poor?

Dont get me wrong, i respect all my bumi friends, it just doesn't make any sense any more.

I'm sure Sunrise will be able to weather the rain. Rain, not a storm.
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entry price 328k. anyone can buy. so shud give opportunities to the not so kaya ones. not lords.


Added on February 10, 2011, 10:54 amin other words, let those small time bumi buyers get a piece of this premium project.

This post has been edited by jeghui: Feb 10 2011, 10:54 AM
jeghui
post Feb 10 2011, 11:04 AM

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QUOTE(hidden830726 @ Feb 10 2011, 11:02 AM)
Just because its 328k and its medium cost? Look at the psf man. That is suppose to help the poor, not helping the bumi's to get a piece of the premium project.

Be a man and act like a man, dont pretend to be a kid and want to be a man. Please dont defend something which is next to nonsense.

Sorry if i offended everyone. cheers

Hopefully sunrise can clarify the matters.
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to be fair, the bumis also want to be as rich as the chinese. they also want to play the property game. not just chinese.

in fact, bumi buying bumi lots is not good for investment anyway. you can only sell to bumi.

so i dunno why u so angry. man man lor.
jeghui
post Feb 10 2011, 11:50 AM

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QUOTE(baharinsav62 @ Feb 10 2011, 11:39 AM)
I thought so too.

I have bought 2 properties which did not have any bumi discount or bumi allocation - Casa Tiara (serviced apartment on commercial title) and First Subang Studio Suite (studio unit on commercial title), both in Subang Jaya. This led me to conclude that props on commercial title do not need to give bumi discount/allocation.

Maybe Sunrise just wants to keep some units to be released later at a higher price and is using the bumi allocation as an excuse for not selling now, knowing/speculating that there will not be many bumi buyers for this project. So, diam2 cakap itu bumi units to put off buyers and then 6-12 months down the road, off load this at higher price.

Just my guess only. Best to check actual status whether this commercial property need to allocate for bumis or not. If not, non-bumis can go whack the "bumi allocated" units.
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I beg to differ. for any development, there must be bumi lots allocated.

baharin, if u are a bumi and didn't get bumi discount, I think you kena tipu smile.gif

btw, for leasehold titles, what a bumi investor can do is buy non-bumi lots. but still entitled for bumi discount. that's possible. dont ask me why.

for freehold, bumi-lots is a no problem.
jeghui
post Feb 10 2011, 12:18 PM

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QUOTE(baharinsav62 @ Feb 10 2011, 12:15 PM)
Ya lah, maybe I kena tipu.  vmad.gif Doesn't really matter any way because I have made good money from those investments. Rugi 5 % or 7% (no discount) tapi untung 60% (gross profit on sale of prop) is to me, still good with at least 53% overall profit. Couldn't ask for better.

This bumi discount/allocation I treat as a privilege - if got, good ..if not, also good - as long as the prop is a good one. No point buying lousy prop with the discount.. in the end rugi also. After all, it's just policy, not law.
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good for you, man. rclxms.gif

So you sold both already?
jeghui
post Feb 21 2011, 08:10 PM

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it's commercial (business suites)
jeghui
post Feb 28 2011, 02:48 PM

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if u sleep in office, i dont think anyone can nab you and jail you. but it's business suites. confirm.

 

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