Govt may double minimum price of houses foreigners can buy

What say you?

there are still plenty of condo selling around 200k in KV. i bought a subsales condo in setapak at 180k and now rented at 1.3k

yes, new launch is selling 300psf or even 500psf but they will only ready by 2016-2017, no one know what will happen then. some bet it will rise further due to hi inflation, RM become smaller (BNM printing more $), and another camp say it will collasp due to oversupply. it is up to individual.
for me, i dun think the price will go back to pre 2009 and i strongly believe i will never get a condo at 200k-300k by 2016 time. since i m on rental play, so long the yield is better than REIT i m ok. new condo always has better design, concept, furnishing, materials so they asking for higher selling price/rental.  since i bought my old condo at lower price so my yield/rental will be always better than the new condo (and easier to rent out). they r still many ppl coming to KV to find job every year and they need a place to stay. when the home price become so high, they r more likely to rent from me.

honestly, i don't have much time to watch CNN, CNBC for 7 days a week. appreciate if you can update the latest info everyday via forum, it's good to know as a GENERAL Info.

being invest since year 2000, started from passive income play and leverage wisely, and super active flipper for last 2 year, now back to passive income way and also long term commercial and land investment for next generation/retirement, i'm happy when someone remind me watching CNN everyday is so important as a local property investor, maybe i have to start now if no one willing to share in forum.

my sifu, an old timer investor, recently managed to sell the land to a developer with 22mil which bought 2.5 years ago with 9.x mil. i'm 100% sure he don't watch CNN because i don't think he can understand CNN's English standard, he also don't care much about GENERAL info like Iran going to have war or petrol dollar by USA, Gold monetary system etc.

When construction materials in high demand by China for preparation of olympic game 2008, price shooting up especially the steel and timber, when Pak lah declare 0% RPGT since April 2007, we can foresee the incline curve has begin. In property investment, understanding and knowing the particular location in details is very important, type of property; commercial, residential etc.. we may not tell you the market status from Canada till USA, from UK till Spain, but we know where the right location, right property type and price level.

i can see you started do some survey in properties, started knowing some units surrounding KLCC in auction, some developer charge 1000/sf in pj area etc, it always good to do survey before to have good start, grab some units when bubble burst and wait for price bounce back also a good idea especially those missed the golden era since 2009. in the history of share market, many became overnight millionaire when KLCI bounce back from the bottom in year 2008.

please remind that keep update any GENERAL info in daily whatever you get from TV news or google search. Many thanks....

Ya, these threshold aren't working as the Gomen keep playing catch up game only. Best is to impose 50% Stamp Duty or Levy on the purchase price for Foreign buyer.

50% is too steep & it can't differentiate between genuine investors & goreng investors. We should encourage more genuine investors to come.
High or Longer RPGT is the way to go to separate between these 2.

Just one simple point. There is no genuine investor.
All investor want maximum return in very short period. Pls dun be so naive.

GoVernment is trying every venue to make sure GDP is above 6%.
And they are finding the easy way out to solve the problem for us to reach vision 2020.
This is the price normal citizen like us has to suffer.
If  government cut the foreign investor fund, lower GDP.
Simple as that.
This year is u chance to decide during ge.

Sorry for the hard word, but I think it is needed so that all wake up..
Welcome to the real business world.
Sorry but no hard feeling...

The whole point is the Avare unit was auctioned at -10% below the developer launch price. Who cares the name of the previous owner?

It doesn't mean the KL property market has crashed, but it is heading for a correction might be a better phrase.

my friend who is with the recovery department mentioned that it is easier to sell prop via auction compared to subsale. Many owners deliberately let their prop go to auction. How true is this?

as i mentioned, this particular aution unit (13A ) is different from others. the previous owner may have big discounts from developer since the number is not good. another unit (11B) are auctioned at higher than the launch price, 3.3mil or 868psf. this 13A had been acutioned for 3 times and last 2 auctions has no bidders as everyone looking for lower prices, final price is 2.78mil. i doubt the launch price is 3.1mil for this unit. list price is always different from the actual price.

yes no one care who the previous owner are. i just want to correct u coz u mentioned the owner r japanese , hong konger etc as your earlier statement misleaded LYN members that foreigner are also defaulting the loan while someone said many foreigners r coming to invest in msia.eg chinese, sg etc.

fyi, the new owner are also msian. at least 4-5 ppl are bidding for this, so there r still many cash rich msian aim for this hi end klcc condo. many ppl come with 10% deposit (270-310k) for bidding.

i dun think klcc r heading for correction now since the demand is still strong. klcc condo attract more bidders than other condo in area eg cheras, kepong, kajang, rawang etc. u shud attend more auctions to understand better.

yes, 2-3 yrs ago statistic show that that klcc n mk were b hit hardest in crisis due to high price. but nowadays many outskirts soho are as exp or more expensive, guess they will b top of d list if there is a crisis thus klcc n mk could b a safer bet now.

mk / hartamas is ib between kl n pj, whr to find a more strategic loc?

The main point is condos in Puchong are being sold at above 500psf. Full stop.

"both are more for own stay then investment."?? Once they get vacant possession, see how many units will be put on the market for subsale, owner occupied rather than flipping?  I really doubt it.

http://www.iproperty.com.my/property/searc...m=&wv=&wa=&pg=1

Btw, there are 130 units at SetiaWalk listed for sale. Owner occupied?

I thought you guys in the housing sector like to talk up the prices, but now talking down the prices instead?  something fishy is happening behind the scene.
http://www.iproperty.com.my/developments/2...@_SetiaWalk/#m1

Trigon Luxury Residences @ SetiaWalk
Built Up:968 - 1776 sq. ft.
Listing Price:From RM583,800 - RM1,438,500

Bro, 1438500/1776 = 810psf

debtismoney bro.. what is the ratio of highrise >500psft and highrise <300psft in puchong?
is SW and Duet enough to represent the overall price in puchong, or you are taking the 90% percentile pricing?

I never said it represents the majority of condo prices in Puchong. Cool bro?

Shouldn't we talk up the prices instead of down, so the BBBlindness can continue?

I never said it represents the majority of condo prices in Puchong. Cool bro?

Shouldn't we talk up the prices instead of down, so the BBBlindness can continue?

those are niche pricing.. majority still relatively low...