In a recent talk, property consultant Gavin Tee has predicted the following:-

Price psf of luxury condos in Malaysia might hit RM5K within the next 5 years
Real estate market in Kuala Lumpur would mature and hit its highest point by 2020
Toursim-related properties in Malaysia would become the most expensive by 2018
Iskandar Malaysia would have the second highest property values after Kuala Lumpur by 2016
Hotspots for the Klang Valley would include Bukit Bintang/Jalan Stonor, Maluri/Cochrane, Sentul, KLCC vicinity, U-Thant, Sungai Buloh, Ulu Klang/Melawati, and Bukit Jalil/Equine
For the rest of Malaysia, the hot spots would include Kota Kinabalu, Penang, Malacca, Iskandar Malaysia, Cyberjaya, Kuantan, Ipoh, Muar and Klang

I read it here: http://blog.iproperty.com.my/real-estate-i...5k-psf-by-2016/

Whats your opinion to this?

rubbish. like a schoolchildren projection.

ya, i think he didnt give justification or analysis to back up his prediction. (I cant find it on the net, maybe he do justify in the talk)

For discussion sake, and to kill some of my free time, why dont we try to justify for him or simply abolish his claim.

Why rubbish?

Currently as it is property prices have escalated alot and is probably almost out of reach for most young working adults. But still affordable for combine income. I think it will definitely go up somemore but not till the extend of 5k psf.

If its 5k psf it can only be owned by foreign investors and not many locals will own property in this places. Maybe if developers can market all the properties overseas then potentially it can be 5k psf.

As for HK and Singapore they are high income nation, professionals in SG or HK easily earn more then us and have stronger spending power so can't really be compared.

Too vague to say right or wrong. 5k psf for luxurious condo. Definition of luxurious is not clearly defined. Surely there will be one or two that will be transacted at this price.

totally unsubstantiated for that guy to claim that......

more than rubbish, stupid

most expensive psf in KL is RM1500-2000+- now

becoming RM5,000> RM3000 increase in 5 yrs time,

YOY is 20-30%...

I see luxury condo now price around RM800-RM1300/psf

Let assume RM1000/psf now....500% in 5 years?

In year 2016, RM5000/psf X 500sf SOHO Unit X 0.05 Rental Yield /12Months
= Approx RM10k per month

How many people can afford RM10k monthly rental for a SOHO/Studio 500sf unit?

It might happen if our salary increase, demand increase and supply decrease.....but do Malaysia have this trend?

yup...1st we need to define luxurious condo
2nd market price rite now
then we can talk about the projection price....either it is mere speculation or maybe it is possible

I think jeghui is being polite here.......retarded is more appropriate.....maybe Gavin's firm got appointed to sell a dev's luxury prop somewhere hence he had to make such claims.....if anyone got the chansee to attend his talk pls ask him to show which luxury prop in kl today that is liquid at 1k to 1.5k psf in both rentals and subsale?

On the other hand, I heard joker Azizi advising his students to sell all their props....also wrong advise imho.....funny to see how these 2 experts got completely diff opinion on props prospects....

I concur with Pai. We do not need 'property experts' to tell us this and that. They can be bought and thus, manipulated.

better make your own research, guys!

Maybe he believes in the 2012 phenomena.

Patchay Urban Research (we) see property prices will continue to rise to around RM2,000 psf level.

Suburban areas will continue to play catch up but we know certain suburban areas will hit the climax of more than RM1,500 psf once things like MRT is done. Another simple illustration is that time will tell when things like Louis Vuitton will hit the suburban markets, such as in Petaling Jaya. Thus, we see good potential for suburban homes, suburban work and suburban lifestyle.

We also think KL middle-high-end properties will continue to enjoy good yield based on cost of entry is still relatively low compared to say future 2015 prices. However, we expect the Malaysian yield to gradually reduce to adjust to our average neighbours level (currently our KL yield is very high compared to our ASEAN neighbours). This is also more realistic to re-equilibrium to an average Malaysian purchasing power. At the same time, the continued growth in urban population (due to the young population who seek to work in KL) will act as a base support for the supply-demand market.

We also understand that many more Measures will be taken by the Authorities (namely the Govt) to smoothen our real estate and construction industries. Things like better real estate laws, foreign ownerships, strata and land issues, public housing and lower income housing gap, infrastructure issues, REITs, new construction methods, new guidelines for quality structures, green building, etc etc. The implications will be Good but it depends on how fast we can get things done. Overall it will be Good thus leading to appreciation of properties.

In coming years, Malaysian properties will be gradually "internationalised". The last puzzle that is the MRT (and other public transport) could enhance connectivity and commercial productivity. In conjunction with ETP plans, more creative and branded real estate products will also be hitting our shores soon. We also noted that the Govt will try to push for the majority population (Bumis) to lead the next property cycle. EPF, Petronas, Khazanah, LTH, PHBB, PNB, etc all want a share of our property market.

As long as our interest rates remained relatively at low levels, the up-cycle could continue. We see a pick up in demands for high-end Grade A commercial and residential properties. At the same time, we acknowledge the under-served lower-middle working class. We think there would be more new players coming into the market to serve the growing working class with very affordable but small sized homes.

All these will lead continued excitement in the sector. But again, the success of ETP will hold the key to the sustainability of our real estate. And yeah, don't forget about external factors as well such as property bubble in China in coming years could adversely affect us.

This post has been edited by accetera: Feb 2 2011, 03:38 PM

it is depend on KL foreign biz policy. (r we biz frenly?)
if they follow China model, which open and welcome to all investments, (no NEP, no ketuanan melayu etc) then the property price will shoot up to 5k or more.
i remember when i just live in shanghai in 2001, it is only 6k yuan psm (at xu jia hui), it is now 60-70k yuan psm today. (10x in 10yrs)
p/s; the high end thomson riveira is selling now at 200k psm yuan
http://www.tomson-riviera.com/main.html
it is same to sg, it was only 500 psf, now it is 2000 psf. (4x in 10 yrs)
both sh and sg are open to foreign co and foreign talents to do biz. in fact, kl has lot of potential to attract foreign vs neibouring countries eg indo, phil, thai, viet, taiwan, japan, korea etc (cost, language, safty, law, infra, people, banking etc)
some may say how average msian can afford? it is same thing in sh and sg, the normal ppl can not afford the high end condo which sapu by foreigners/PR , that is why lot of sh and sg citizen r now blaming the govt. in one end govt bring more biz/investment/growth and jobs to citizen, at the end the citizen blame the govt coz they cant afford home. so which to follow?? i think msia just stay put lor coz rakyat will sure blame the govt..and govt will collasp (like egypt). so conlcusion, msia property price will not jump in the next 5 yrs..

Best advice ever: "Make your own research!"

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Added on February 2, 2011, 4:48 pmWell said. Maybe we can get a write up like this from Gavin Tee research?

Maybe some of the investor who attended Gavin talk can enlighten us. "Dont be shy!"

In the end, its still indicating that price will only go up up up. Its just a matter of how high psf

But im more than curious of what pai shared, where Azizi Ali advising his students to sell all their props.

I'm more interested to learn why Azizi Ali advising his students to sell all their props. Can share the source? or just word of mouth?


This post has been edited by hidden830726: Feb 2 2011, 04:48 PM

if everyone just hold thier property (anticipate further rise), how the property agent can survive? (no sub sales transactions, only new launch by developers) . just depend on rental market is mana cukup..

This post has been edited by kh8668: Feb 2 2011, 05:36 PM

Azizi said it in thestarproperty and interview w BFM

our stats show approximately 50 megaprojects more than RM1-RM25 billion around Klang Valley being planned coming onstream

as for KL, the Bukit Bintang-Pudu area is like the new frontier....

This post has been edited by accetera: Feb 2 2011, 06:11 PM

Azizi is no one, we got Pie. Who is Gavin Tee?

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Added on February 2, 2011, 6:10 pmThey also get fees from lawyer and banker.


This post has been edited by hidden830726: Feb 2 2011, 06:10 PM

pai thought u follow azizi ali. u sold a few no?

his claim is to broad, with no proper details. just like saying,

cow is an animal, cow have 4 legs.

he claim that he predict it will be 5k/sqft, he should list down why, what factor he took into consideration, and what type of condo he is referring.

if he tells everything to the public, what is he going to tell in his private seminar?

As i mentioned in the first post, im not sure whether he justify his claim or not. maybe he does, or im just no good in finding them.

But ya, without those, we can safely said that property price will up up up, but maybe not as high as 5k psf

I only sold some 10%-20% of total holdings recently...........so not same, and have been on buying spree in the past 3 years. And the reason I sold these props :

1. Believe the props I sold has reach max value, gains n rental wise.
2. Proceeds of sale can be optimized n invested higher yielding instruments.
3. Boost cash reserves.
4. Doesnt jeopardize the original plan on why I invest in props......... FINANCIAL FREEDOM!!

I think correction will come in 2012 n 2013........n nothing wrong in optimizing our portfolio, but to go on the extreme to sell off everything simply bcoz of a false interpretation is plain stupid. As long as AA or us have bought anything pre 2010.........doubt if correction comes............. prices will ever drop to pre-2010 levels...........

he'll be saying . "The free advises are a good 'lesson' to those who are too kiamsap to pay for my seminar. Now, fellow smart participants with thick wallets, let us move on to REAL SOLID projections of mine, which will promise you unlimited riches. "

nice 1 bro
as for me....currently buying some n selling some
we can listen to other people views but at the end we need to make our own decision
a

True. Bottomline so long as long term plans are still intact n gearing is checked.....one should stick to the original plan.........

Btw what r u buying this year?

owh bro...i'm small2 fish bilis only
still buying apartment...no money to buy landed property
not really depends on capital aprreciation though...
but i'm buying below market price only

thanks for asking anyway
hope can get advice from u taiko pai

Pai, keen to switch to landed properties if the extra cash gained? Before they go up further?

like u i oso small bilis only nia......cant afford to gamble on landed props.......

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Added on February 4, 2011, 2:44 pmNot really as can also get similar if not better appreciation from highrise as well. I'll stick to what I know best..........

This post has been edited by Pai: Feb 4 2011, 02:44 PM

Interesting statement you have there.

Can you share which condo developments have had excellent appreciation over the past couple of years which can match or exceed some of the landed properties?

Thanks.

Plenty actually. Give me a landed prop example u think has done well in the past 3 years (appreciation wise) and I'll give the equivalent highrise example

Let's see, how about Bangsar Baru? Close to 14% year-on-year according to this report.

http://biz.thestar.com.my/news/story.asp?f...31&sec=business

Chief, since we in an underprecedented boom time since the past 12 months, a 1 year YOY appreciation benchmark is not a good yardstick. Lets do a min 3 year benchmark instead from 2008 to 2010 :

1. Maytower - 2008 -- 500psf, 2010 -- 900psf --------> 80% appreciation
2. RGE - 2008 --250psf, 2010 380psf ----------> 50% appreciation
3. BS - 2008 -- 260psf, 2010 -- 500psf --------> almost 100% appreciation
4. Pantai Panorama - 2008 -- 220psf, 2010 -- 380psf --------> 80% appreciation
5. TS - 2009 -- 240psf, 2010 -- 380psf --------> 60% appreciation
6. Desa Putra - 2008--250psf, 2010 -- 380psf --------> 60% appreciation
7. Axis Ampang - 2008 -220psf, 2010 400psf ---------> 90% appreciation
7. Tropics - 2008 - 350psf min, 2010 570psf ---------> 60% appreciation

These r just few examples. There r at least 10 more others that has done 50% appreciation in a mere 3 years. If we are talking about YOY, I have been fortunate to buy some props that has gone up by 40%-50% within a span of 1 year, give or take a few months. Of course if we used a longer horizon benchmark ( say 10 years) it will look a lot more favorable to landed props............

And we havent even discussed the cashflow u can get out of these highrise props..............


*Not all units in the same dev performs the same rate, bigger sized units normally underperfoirms VS the small sized ones

nice research n stats bro pai
and i agree wit u, we better stick at wat we know best
as for the others
each person has their own plans n methods
u need to be sure what u r doing and ur goals

Let's check this again end of 2011.

Taikor, can share why these properties experience such high appreciation while some others just lag so far behind. Is it location, major development like township, smallish units, or a bargain during purchase time or other catalysts? Want to learn how to spot such properties. Thanks.

This post has been edited by webby88: Feb 4 2011, 06:08 PM

Thanks for the info, this is interesting stuff.

Going forward, given the glut of condos in the market now, I am not sure if such gains can be maintained over the next couple of years.

This post has been edited by bellion: Feb 4 2011, 06:18 PM

Im betting that u r anticipating a drop?

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Added on February 4, 2011, 6:36 pmOthers appreciated as well, just not as much. Catalyst comes in various form....... just gotta be extra alert to notice em......

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Added on February 4, 2011, 6:39 pmkey here is to choose one's pickings. Just like not all landed register's 10% YOY appreciation, the same applies. If fundamentals r in place, gains will come, its just a matter of WHEN.

This post has been edited by Pai: Feb 4 2011, 06:39 PM

Not really a fan of % reporting or proportioned figure reporting.

one landed example, BK9 Warna, developer price 2007 RM350k now about 600k. And they haven't even finished doing the flyover or completed the development of BK9.

rm250k cool 'profit'.

But really Pai is right about high-rise buildings yield rate. Good rental income go in tandem with capital appreciation. But must get a nice floor and view to maintain value and demand. thats why Pai always 'first in the queue' hehe.

But bear in mind about the oversupply of high rise residential. But again, if your unit's nice you don't have to worry you will have the upper hand against the rest of hundreds of units!

Pai, I must ask, did you get any units from Empire D or City? I heard Mammoth in trouble now.

i have 1 question here
which 1 do u think easy to rent out
high rise or landed?

nice share there pai.

hmm, this thread has slowly become pai's property talk :-)

Imo high rise easier

chief, BK9 warna 250k profit over 350k investment is approx 70% caps over 4 years. With hindsight, could have made the more returns buying 2 units of Casa Mutiara in 2007 ( 2 units total 320k price in 2007, today worth at least 600k, backed by 12%-14% solid yields ). More work though, but more returns as well + good nite sleep with decent pocket money every month from rentals

Also, personally focus on buying the right dev + right units even if didnt get the best floors or view.........have bought units before facing west n cemetary previously but still made more than decent gains...........

Yes, am vested in ME's dev..........

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Added on February 5, 2011, 2:27 amsorry never meant to hijack........I'll stop posting here unless there's questions..or perhaps if anyone has questions can always PM me... cheers

This post has been edited by Pai: Feb 5 2011, 02:43 AM

bro pai,
pls keep posting...we need ur comments n opinions
some will agree n some not...its normal

in the real world...we need to pay to get opinion

Thanks pai. Very enlightening, dude. Just don't be another azizi or gavin tee what not.

To be honest.........I rate Gavin a lot higher than AA............at least I know for a fact Gavin makes more $$$ than AA when it comes to prop investing........ AA is a better personal finance advisor than a prop investor.........the aim is to be better than both of them combined

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Added on February 5, 2011, 3:07 pmBack to the topic............ irrespective of whether Gavin's prediction materializes, which of the following prop segment u all think will benefit the most by 2016 :

1. Commercial shoplots
2. Commercial offices
3. Luxury condo's (> 700psf)
4. Medium end highrise
5. Low cost highrise
6. Luxury landed (bungalows, SD)
7. Medium cost landed (link below 1mil)
8. Low cost landed

And pls share you pick your call?

This post has been edited by Pai: Feb 5 2011, 03:07 PM

Low cost highrise in GKL boundaries, 200-350psf.
Shit, what world is this to name 200-350psf low cost.

if really 5mil psf in malaysia.. id rather move overseas.. bye bye malaysia...

where on the earth u got 5mil psf

maybe indonesia

owh...if using rupiah then it still ok

Dear all, I plan to invest in condos that give good rental income and at the same time give good value if I decide sell 10-20 years later.

I have a few questions for all shifus regarding the factors to consider when buying a condo for rental investment. I'm sure some of us have the same questions.

1) is it true that condos on higher floors with better view will appreciate faster in value (in terms of % appreciation, not absolute value) (say for every level higher, the initial purchase price increases by RM6000 per floor)

2) is it easier to rent out a unit and at a higher rental price which is on a higher floor with a better view (do the tenants normally factor in the view and high floor when they rent an apartment).

3) leasehold vs freehold if you intend to keep for at least 10-20 years and hope to make some captial gain. (because you may need cashflow any time for another investment)

4) is it true that smaller units appreciate faster per sq feet. Is there an optimum size for rental investments (meaning not too small, and not too big because some people prefer a decent size unit) If there is an optimum size that give better rental return and is easier to rent out, can I know what's the size range. I know for places closer to city, people would normally go for smaller sizes, and places further in suburb, people would go for slightly bigger units, what are the size ranges?

5) is it advisable to invest (for rental and capital gain) in condo away from the city centre in a corner of a developing township that is quiet near hills and golf course and away from the crowd. (but not necessarily low end)

6) do you have any comment on those condos with guaranteed rental return as agreed by the developer.

7) Iskandar Johor got potential for better growth? compared to KL or penang as I consider these places to be developed and have matured.

In other words, will the development and price PSF gap between Iskandar Malaysia (Johor) and KL/Penang narrow, maintain or widen (in % terms) in the long term (10 years).

For example the same condo in JB would cost 50% psf of that in KL. In 10 years time, would the same condo in JB cost 20 % or 90 % of that in KL. Say they are exactly identical condo, only one is in KL city centre, another in JB city centre.

The thread mean 5k psf, not 5million psf rofl

But true Rupiah possible. 5million psf

This post has been edited by hidden830726: Feb 6 2011, 12:52 PM

imo, medium cost landed. maybe it's just a poor man's thinking

Hey property101, thanks for your views. There are just too many factors to consider, more importantly budget and holding power. Of course if I have both, I would choose one nearer to the city centre or even go for commercial. But i guess i have to start somewhere small.

the most difficult is being committed and buy your first investment property, thats where the major learning curve is
our brain usually work to best efficiency when we have little resources

This post has been edited by property101: Feb 6 2011, 09:36 PM

actually i've already bought my first investment property about a month ago, but not too sure if it was a good choice (it is very important the first one is right!). I don't intend to stop here, that's why i asked for advice and opinions hoping I can make better decisions in future. If anyone has differing opinions to the questions i asked, feel free to add. We can all learn from one another.

Also, what other factors do you guys normally consider?

Although not always a good idea, another way is to share your first property with someone. Parents would be a good candidate. Girl friend better avoid.

of course when we wanna buy property there are so many things to consider
because u gonna pay it for a long time
it is wise to do a lot of research before buying

Here are my comments. Just my humble opinion. They might be wrong.

1) In the subsale market, they are normally 5-10% more. Definitely easier to sell but all depends on the premium that you are asking.

2) Tenants usually don't want to pay a premium for a better view unit. After all, they are just renting for awhile.

3) If 10-20 yrs, then go for freehold. It is not a very good idea to hold highrise for that long as appreciation is very slow after awhile. Better holding timeline is 3-8 yrs. In this case, leasehold or freehold doesn't really matter.

4) The appreciation rate tends to be the same. Just that the entry cost for smaller unit is less. As for ideal sizes, it depends a lot on the current & future surrounding supplies. In general, a lot of studio are entering the market within the next 2-3 yrs. I think the new hot size is 800-1000 sqft.

5) No unless there is a large student pool.

6) They are normally factored into the price.

7) Iskandar has a lot of potential. Some say it is too big to fail. Well, it is another case of higher risk, higher returns. Penang island is a safer bet but might not be that huge.

I think most prices will drop yeah.

Congrats on your bet!

From where I'm, I will bet on commercial shoplots.

Shoplots turn out to have more outcomes in case something doesn't work. Much more categories of tenants to rent to, compare to residential units as we don't have much expatriates here.

Malaysia's Condo Prices to Hit RM5,000 psf .Thursday, 27 January 2011 22:18 .Source from : homeguru.com.my

Malaysia’s condo prices will likely reach RM5,000 psf within the next five years, said Gavin Tee, Founding President of SwhengTee International Real Estate Investors Club (SwhengTee REI Club).

“We are experiencing exciting times in the real estate market. The greatest opportunities in property investment will take place in Malaysia this year,” said Mr. Tee at “The Best, The Worst, All in 2011” property investment seminar at the Grand Dorsett Subang Hotel in Subang, organised by SwhengTee REI Club.

Kuala Lumpur’s property market would have matured and reached the highest point by 2010, he said, adding that Malaysia’s tourism-related properties would become the most expensive by 2018.

Mr. Tee also expects that Iskandar Malaysia will have the second highest real estate values after Kuala Lumpur by 2016.

With condo prices hitting RM2,900 psf and land prices reaching RM7,209 psf in the Golden Triangle, along with the various development and infrastructure works happening within the surrounding areas, luxurious condos will likely escalate in the next five years.

Mr. Tee also identified hotspots for Klang Valley, including Bukit Jalil / Equine, Ulu Klang / Melawati, Sungai Buloh, U-thant, KLCC Luxury Apartments, Sentul, Maluri/Cochrane and Bukit Bintang/Jalan Stoner.

He also recommended Klang, Muar, Ipoh, Kuantan, Cyberjaya, Iskandar Johor, Malacca, Penang and Kota Kinabalu.


http://www.swhengtee.com.my/swhengtee-news...-hit-rm5000-psf

Gavin say: BBBB
Pai say: BSBS
AziziAli say: SSSS

I'll go the pai way, less extreme, more rational.

Pai is buy three sell one ... ... BBBS

Pai, which ME development you invested?

Erm where did this data come out from that condo hit RM2900psf? How many? Only one unit?

2900psf might be referred to Binjai on the park..kekekek

land price of 7xxxpsf might be referred to that small piece of land previously planned for Millennium Residences. kekekekee


ya...not even 5% of total condominiums in KLCC were transacted above 2000psf.

>.<"

Maybe by 5k psf Gavin is referring to Binjai on the Park.......maybe in 5 years time one unit is sold at that price....

Unlikely though, as even now Binjai is selling very very slowly....

hey joink, thanks for your advice and opinions!

Patchay: BRSB (residential)

Buy for Rent first then Sell to Buy again.

So buy properties that are moderately-to-highly rentable and sellable to sustain interest payments and good cash flows.
Tip: Refer to HOTSPOT and GROWTH areas for preferred properties.
My 2 cents coz i'm just a newbie.

Anyway, all invited to CNY PropertyTalk Gathering this Sat 12 Feb 2010
http://forum.lowyat.net/topic/1709602


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This post has been edited by accetera: Feb 7 2011, 11:22 PM

That's more like it....

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Added on February 8, 2011, 12:36 am1. Relevant for medium to luxury higrise.
2. Yes for luxury high-rise.
3. All else being equal FH is better.
4. Yes except for luxury developments.
5. Too generic to answer, if got example we can dissect this. But the common thought is to invest in high-rise where land are scarce n supply is fairly limited.
6. Normally these r one sided deal, n not on your side.
7. Depends on entry price n intra given.

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Added on February 9, 2011, 5:24 pmSame here. However I prefer to make $$$ when the market is up AND down, so Im fine either way

This post has been edited by Pai: Feb 9 2011, 05:24 PM

you dont even attend his talk , a whole day talk, how do you know it is rubbish, are you god? do you know anything about property?

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Added on February 13, 2011, 6:21 pmi think gavin did not say BBBB, he said clearly, the best and the worst in 2011, his talk was published in newpaper, magazine, TV ( most of them are in chinese media) on what are the properties to buy and what are the worst ones, and to sell them, he travelled around malaysia to talk about it, try to attend his talk

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Added on February 13, 2011, 6:25 pmgavin did not say buy buy buy, he advised us to buy the selected properties in 2011, and he identified what are the BAD properties, to dispose, his one day talk on the best and the worst in properyt investment in 2011, was published in newspaper , magazine, and TV

if you did not attend his whole day talk which explained clearly ( he said he will further elaborate it on other talks, ie bumi's growth, foreigns' participation, etc

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Added on February 13, 2011, 6:29 pmi think he mentioned about there will be some condos hit 5k but not all, there may be others remain 800psf or 2000psf, and i thinks he mentioned about new project

This post has been edited by KL property: Feb 13 2011, 06:29 PM

Hi Pai Shifu, thanks for your advice. =)

Apart from defending GT's claims........... why not let us what you think of his opinion? If u agree with him, pls share which luxury highrise will reach 5k psf by 2016?

Tomorrow is a question mark.
wouldn't know 2016 or 2020 .
Now even one New Wira won't cost u RM45k ! It would be double
10yrs + ago , it's only RM20k +
Like kl property(user name) said some will remaining RM2000/below.
Yet some can reach higher,
Which ? We wait & see
Future is Hard people. Real Hard i mean people.

Happy rabbit year

This post has been edited by jassicaskylpm: Feb 19 2011, 03:25 PM

I attended Gavin's briefing lately, I can say one different between he and the rest of those Foreign teachers (Milan Doshi, Robert Kiyosaki etc), his teaching is very "localise", some might say he is too optimistic, apart fr the 5K prediction, I think he is quite careful in selecting his preferred investment hot spot, quite knowledgeable

In Malaysia, I rate him the best so far..

Well said.

Chief can share more details?

He keeps saying research work is important, Malaysian used to be quite emotional when buying properties, people queue, they queue without proper knowledge of the particular project...I like his quote "Manage yr properties, dun let yr properties manage you". means one shd hv know his limit by not over committed

He did explain the demographic of our social, the unique of the land status cause imbalance of the township planning, unlike those major cities in Asia which grow steadily in circle form, KV valley development are going sideway particularly, the success of a new area depends on the creativity & creditability of a developer, urbanization is the trend

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Added on February 21, 2011, 5:41 pmAnother famous quote by him is "Creditability is the key for investment", one must wisely make use of the facilities offered by financial institutions to invest, "if someone never take loan or owe money, he has no creditability"

He said got many jalan to finance a property, but he said a bit sensitive to share

This post has been edited by UFO-ET: Feb 21 2011, 05:41 PM

mind to explain "if someone never take loan or owe money, he has no creditability"
that mean i have to borrow $ to improve my creditability even though i dun need bank loan.

Alot of investor or rich fellow also saying the same thing ... utilised the loan facilities offered by bank to get richer ... I am totally agreed with this but just that you need the guts or confidence on property you buy is good and appreciation/ROI will beat the interest rate. That means u are using bank money to make more money ....

1st lesson, must maintain good track record, etc credit card, pay promptly, car installment, pay promptly..
In the eye of a banker, if you dun hv any outstanding payment record, you dun hv creditability, sounds funny right? But it is true

so imbalance can cause props to reach 5k psf?

I think someone has interpreted Gavin's prediction wrongly, I attended his 2 hrs briefing only & remembered he said with the Great KL and MRT plus bullet train fr Singapore in place, he predicted that KL might hv "Super Condo" to cater for the rich and famous group, the price could reach RM5K/sf. Thus it is unfair to judge this guy giving misleading statement.
I dunno Gavin, I do believe one thing, in property sector, nothing is impossible, just like IJM Penang Mega The Light selling 13 million for a bungalow (land area 5K, built-up 6K), SA told me they target foreign buyers, so shocking!!

For personal level, yes credit card and those installment thingy. Be on time.

For company level, turnover and cashflow.

Think we already have super condo's even as of today.......just look around at K-Res, Pavilion Res, Troika etc all are empty n doing less than 2k psf (avg values) as of today. Bullet train to SG even if it materializes wont triple the values of these props by 2016............ IMHO.............

I happen to learn about this Gavin from a close friend, and as an investor I think he is a decent fella and a better investor than RL, MD or AA...........however just bare in mind that he could be vested in his predictions trying to sell super condo's given his influence within the industry......