QUOTE(keithcky @ Jun 5 2011, 01:06 PM)
If I've believe this fella I would be atleast 600k poorer
it should be rm600k less profit 
Financial Are property prices going to drop? V2, The heated debate continues
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 Jun 5 2011, 01:24 PM
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#81
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia  
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Jun 5 2011, 05:55 PM
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#82
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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it'a good that such a youg man such as yourself are so up to date on so many matters.
most fresh graduate won't even talk about the economy or politics or economy at all. from where i can see, you DO have a bright future ahead. landing a MTP in a MNC is no small feat. you can give a pat on yourself. when you have the relevant experience, am sure your salary will triple within 3-5 years time (yes, triple, not double). one needs to work both hard and smart to achieve success in life. you are already on your way before you know it. good luck. |
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Jun 5 2011, 09:02 PM
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#83
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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» Click to show Spoiler - click again to hide... « i am a frequent job hopper too. but everytime i hop, it's usually the following one or more factors: 1. i think i have mastered all the skills that i'm currently doing at hand 2. i believe there's not much future prospect of the job 3. future prospect and opprtunities available at new offer loyalty have its pros but comparing myself and those who stay on, i must say i have no regrets hopping. but of course, i'm considered mid/senior management already so hopping less liao. and word of advise, do not relocate. stay in the heart of the nation. that's where the big action happens and this is where you need to be to accelerate your growth. you may wish to transfer when you are in mid or high management. but definitely not now. there was once a factory senior supervisor in kl @ rm6k being offered rm15k to head a factory in kuala terengganu. a 250% jump in pay. didn't know whether the guy accepted or not. my long term plan, to retie in ipoh when i'm 40ish. i have no doubt that my epf savings will be 7 digits before i retire. no cheating. just a hard and hoepfully smart worker. cheers! |
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Jun 5 2011, 09:17 PM
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#84
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(property101 @ Jun 5 2011, 09:12 PM) look like in the hoohaaa of property overpriced, our people still consistently applying loan and buying, except recent march application spike a little... i think the drop in oct onwards is largely due to the announcement of LTV and also festive season. not forgetting the blr rate hike too.mac pick-up largely due to after cny and new launches? i think the figure from mac to june will be much more interesting. but really mind blowing to note more than rm10bil applied every month!!  |
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Jun 6 2011, 08:39 AM
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#85
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(chubbyken @ Jun 5 2011, 11:59 PM) wow fyi, for a salary worker earning RM10k/mth. their epf contribution including the employer will be rm2.3k/mth. if you have bonuses at say 3 mths per annum, you will be looking at 15x2.3k=rm34.5k/annum. 7 digits epf in 40s? impressive are u an employee with RM pay or doing business? might sharing how to achieve that? thanks. so every 3 years gives you rm100k. and do not look down on coumpounded interest. once your epf account hits rm100k onwards, even at 5%, every year you have at least rm5k into your account. as your account grows larger, the time reduces signifficantly from rm100k to the next rm100k. i foresee in my late forties, it will take me 2 years to get additional rm100k. crossing my fingers. but very ithcy to start withdrawing liao... haih... anyway, it's a target which i hope to achieve. i'm still a long long long way to go. only about 80% short! PS: and yeah, i'm just a normal employee. started with rm1.6k basic upon graduation. cheers! gotta work hard... This post has been edited by kochin: Jun 6 2011, 08:40 AM |
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Jun 6 2011, 11:57 AM
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#86
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(TheDoer @ Jun 6 2011, 11:40 AM) With regards to what sunzi69 remarks. I would like to say that it is good to encourage, people to work hard to strive to achieve their goals. However looking closely at what is mentioned. The salary for a fresh grad is still the same. This implies, that consumers buying power has not increased according to the prop price hike. bro,Working harder is always an option. But do not lose sight of the underlining problem. The prices are now unreasonably priced. And this will result in either a prop price adjustment, or a monetary value adjustment. Both of which we do not want. Everybody says they do not want to think of an economic crisis, and yet, we continue to fan the flames. i think we all agree on the problem. but to me, the root of the the problem does not lies in the growing property prices but rather the stagnanted salary. personally, i do not agree with lowering or stagnation of property price. the only way to move forward would be the increase in salary. if we maintain everything cheapo, we would be a nation not unlike phillipines or indonesia (not jakarta lah but those ulu ulu townships?). no offense. cheers! |
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Jun 6 2011, 12:35 PM
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#87
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(TheDoer @ Jun 6 2011, 12:10 PM) No offense taken, you speak fairly. If our salaries, increased, it would have solved the problem. when salary increases, money devalued.Then again, if everybody's pay increased, then our money would have greatly devalued. hum :/ I do realize that there is a need for balance, between economic progress and controlling squalor. I'm not asking for economic stagnation, just about self control, differentiating, real economic progress over, fake economic, hum... inflation. » Click to show Spoiler - click again to hide... « but money devalued = property prices devalued too (not in absolute cost but depreciation in currency). i think this WILL curb the problem at hand. sadly, almost all businessmen will not increase salaries. think the G'ment realise this and is slowly working towards it. but at the same time, by doing so, it will hurt a lot of ppl currently. in the long run it will be better but short term, ppl just cannot accept it (the inflation). and bcos os this, hard to implement as they deeply worried about losing the GE by doing so. |
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Jun 9 2011, 03:11 PM
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#88
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(UFO-ET @ Jun 9 2011, 03:01 PM) He..he the key words are friend"s" & early 30, even 100K gross income can be considered very successful already not to difficult if you manage to be a professional or assistant manager and above in a reputable company that gives at least 3 months bonuses.base on that trajectory, one needs rm6667 per month to achieve rm100k. and that is excluding allowances. so in relative term, one needs a basic of rm6k per month with good bonuses to breach the rm100k pa threshold. am sure there plenty of people who have sucessfully breach this and probably some below 30. muah? i am not so lucky.  |
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Jun 10 2011, 04:28 PM
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#89
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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kl got 6 mil population meh???
and sulifeisgreat, never did spot your portfolio in any of the thread. mind sharing where you are vested? |
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Jun 11 2011, 08:22 AM
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#90
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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sunzi,
agree in general what you have said. best option is indeed for you to leave. and you better leave soon while you can. the later you start to explore options, the lower your worth would be. at 25, you are still qualified. good luck. |
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Jun 12 2011, 05:15 PM
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#91
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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i sympathises myself for not being brave enough to venture out when i was younger.
if only i have taken the initiative to leave the laid back life in m'sia, i would have easily more than double what i have today. and it also worries me that majority (including myself) is advising the young and capable ones to leave. seems like that is the only option for bright people. pathetic. one of the most discouraging factors in our G'ment initiative was to attract local people who are overseas. indirectly this is sending the message that local people who chooses to stay on in m'sia are not attractive enough to them until they need to offer incentive for those overseas to return. another fine example of rewarding the guilty ones and punishing the obedient ones (like giving discount to summons rather than imposing heavier penalty). only in Boleh land ....  |
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Jun 14 2011, 05:13 PM
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#92
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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but at least obama becomes US president (non-white president).
and gillard becomes PM (female PM). can you imagine a female OR a non bumi taking the top post in our Boleh land? |
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Jun 14 2011, 11:55 PM
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#93
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(soongkm @ Jun 14 2011, 05:31 PM) Don't just look at the surface...the real power doesn't rest with obama or gilliard. They are big power brokers behind the scene. They are just puppets. am not saying western countries are better off and without prejudism or racism. you are putting words into my mouth.Added on June 14, 2011, 5:54 pm when i said migrant, take this example. If you are in US, UK, Australia, Canada, NZ. When you said migrant to a caucasian, what will they have in their mind as an image. Asian features looking people. Julia Gillard maybe a migrant from Ireland. But to them it doesn't matter. The culture, heritage still the same. So even you are an ABC (australian born chinese) when a canadian caucasian come migrated to australia. In reality, the caucasian should be a migrant and the ABC is the real aussie. Go take to any caucasian on the train, do you think they will think the canadian is a migrant and the ABC is the real aussie??? Fair and no racism in western developed country? No way! Actaully i live in melbourne for a few years. I am teaching in one of a college in the city for international students. My colleague is also an ex-Malaysian. Migrated to melbourne in 1986. Spent 8 years in melbourne working in OCBC. Then got sent to UK OCBC. Spend another 8 or 9 years there. A qualified accountant with ACCA or something like that. Then after in UK, got sent to Bangkok as VP (vice president). Then because of office politicking, opt for early retirement. Retired as VP. He holds australian passport and UK passport. But decided to live in Melbourne after retirement. He was only 53 years old when he retired. Came back to melbourne to look for job. Not that he needs one, but can't just live and do nothing. Can't find any job. No govt job and people told him too old. But in last december 2010, got a colleague, an old aussie gwai lo, around 60 years old, the college asked him to leave because the student numbers are down and he did not have degree. That is a requirements for new regulations. Only after 3 months, in march 2011, he got a job. Guess what, a govt job in Department of Transport in Victoria as a Senior Policy Writer. Annual salary over AUD100k. Don't tell me the OCBC VP is less qualified than the gwai lo. If my friend is a gwai lo and retired as OCBC VP, he would have easily got a top job in any aussie bank here. Talking about no racism and discrimination. SO please, don't talk about something you don't have first hand experience and based only on your imagination. i'm just saying at least they elected obama to be president and gillard to be prime minister. it shows that they at least recognise them (be it for political reasons or whatever crap!). am just saying that fanatics in our beloved country does not even want any tiny form of considerations of this happening here. as for your case comparison between the gwailo and ocbc VP, your main highlight is of their difference in education levels. for job matches, usually it's combination of skills and experiences required for the job (including education if necessary). for example, you do not need a mandatory PHD or degree holder to apply for a salesman job, right? and you have also voiced your assumptions of me even though you yourself do not have the slightest idea of where and what i've gone through. you speak as though you are holier than thou and yet you have pre-determine me as a forummer who have speak out with purely my imagination. does that constitute as racism and prejudism on your part itself? peace man. understand that you are frustrated but do vent your frustation at the right channel instead of bashing anyone that does not align with your thoughts. and lastly, are you involved heavily in politics to know that all the powerful countries head figures are puppets? <just kidding>. chill. |
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Jun 15 2011, 08:48 AM
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#94
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(vanillasky91 @ Jun 15 2011, 07:27 AM) Thanks to lch78, lucerne, terzam, Bobby C and kochin. You guys seem more like my senior and talk more sence. Yes back to topic (money), as a junior and property invester I would like to share my property experience with you. lch78, thanks for your advice but I already invested 3 properties in M'sia, one unit at the Zest puchong (bought in 2009), 1 shop and 1 house in Negeri Sembilan and 4 properties in UK. My profolio worth just over $5m ringgit, not a lot but I am only 33 still a long way to go yet. bro,From my humble opinion, I think Msia property (new built) is at peak now and cannot invest any longer, however the West is opposite. I just reserved 2 units from this developer, http://www.freshstartliving.com/ http://house.ifeng.com/news/detail_2011_05...6420637_0.shtml http://www.placenorthwest.co.uk/news/archi...se-website.html During the UK crisis in 2008, a lot of developers went burst and this developer bought and took over their sites and projects at auction/bargain price, banks (RBS, Halifax) at that time were too busy to get rid of those abandon projects and didnt bother about the selling price. I met this developer boss and the sale manager face to face, they are genuine successful investor/developer. Let me know only if you are interested, I can give you more information. vanillasky91@yahoo.co.uk. Thanks. p/s: UFO-ET, Be fair to this country as well, Malaysian Chinese are so "useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost, isn't it lucky to have educational foundation in bolehland? To reply UFO-ET: Not sure the furthest country you travel is either S'pore or China? If I am not wrong as your concept about ("useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost) is completely wrong, you can try to speak your m'sian english (la la la) in UK and see if UK people will talk to you back, let alone offer you any job. My salary included overtime is more than my British born white director by the way. Maybe you think about your kampung friends who 'jump aeroplane' in UK who work in restaurent but sorry, there are many british white who are unemployed at the moment why dont they get rid of us (msian chinese professional in UK) and employ their people? Maybe they think Msian Chinese are more handsome? Tell you one thing, there are a lot of intelligent, well educated Msia chinese who live and work in UK not because of "wanted or cheap labour", we have many choices but we choose to live and work here because we enjoy the freedom here, job satisfaction and do things we always wanted to do. (things like watch live snooker, live badminton, live MU VS AC Milan football match, free to fly to any europe country during weekend), I did all these at the age of 33, I am happy and enjoy my achievement so far. Sorry UFO-ET, I don't blame you because what I see and learn is different from you. I just have too many options in my life, thats all. very well done indeed. am not your senior at all and in fact i should be calling you big brother. lol. now i'm really ashamed of what i have accomplish so far. compared to you, i'd got like a gazillion miles more to go. but my only consolence would be my targeted destination is much closer to yours, although we might be walking the same path!  |
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Jun 16 2011, 10:04 AM
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#95
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(prody @ Jun 16 2011, 09:48 AM) Yeah, once it's too easy to get a loan the problems usually start. one of my friends bought his property recently.I do notice that the criteria that banks use have been less stringent lately. Before it was 1/3 of salary for total loans, now you can hear stories of up to 80% of salary for housing loans alone. I guess it's more difficult for people who start buying their first home to see that prices are quite high at the moment. For me I can see things that are really crazy. I rented a fully furnished Vista Komanwel B (very near to LRT) for 1,200 up until 2006. Now people are talking about rents between 2k and 3k in Bukit Jalil. while he is taking his loan, he just asked about his 'available' credit for his next purchase. the banker told him he still got about rm800k for his next loan before being capped by 70% LTV. the banker further advise that he should mati mati get a property around rm800k as his next purchase else he would have wasted hi credit opportunity? i was thinking wtf??!! |
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Jun 16 2011, 11:09 AM
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#96
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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even tellers getting 9 months bonus @ alliance.
jialat! |
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Jun 16 2011, 03:20 PM
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#97
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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back to topic:
http://forum.lowyat.net/index.php?showtopi...post&p=43117627 does this shows BBB mode still on. really such huge demand still? hhmmm.... |
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Jun 17 2011, 03:09 PM
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#98
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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most basic rule.
if rental is more than enough to cover mortgage + misc related expenses, confirmed the buyer making money liao. simplest theory!  |
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Jun 21 2011, 09:24 AM
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#99
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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mmarklee188,
you have waited and continued to wait. but the question is, when it drops, would you buy then or wait for it to drop further? do you have a targetted price drop in mind? eg. you eyed a house for rm300k in 2008. in 2009, it became rm330k. in 2010, it became rm363k. presently it is rm400k. every year it has increased by 10%. if you are still setting rm300k as your target, are you expecting the property price to drop by rm100k (or 25% immediately)? or are you waiting for a long term drop? do you honestly think price will drop 15%? alternatively, if you have bought the unit in 2008, even if it drop 10% now, you woould still be buying it cheaper in 08 compared to now. cheers! if you are buying for own stay, i would greatly encourage you to buy no matter when. as long as the unit is to your liking and suitability. if you are buying for investment, that would be a different strategy altogether. This post has been edited by kochin: Jun 21 2011, 09:26 AM |
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Jun 21 2011, 09:37 AM
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#100
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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seems like people are getting more bullish about the prediction of a property pricing drop soon.
am sure the camps there are very happy since they have waited for such a long time. so the big question is when does it starts, and how much is it gonna be? |
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