Dear all Sifus,

Am in great dillema now. Will appreciate very much if sifus here can give some valuable opinion on this situation. I paid deposits for BH in Kuala Rompin. Locations is superb, located beside natural forests. It's directly from developer and the price is RM 630k, 3 storey semi-d size 24X80. Actually it's joint venture btw Pahang government and private developer. Total got 66 units. They plan to make it swiftlet city. But with current political conditions, banks only willing to lend 60% of the selling price with unattractive interest rate ie blr+1. Any suggestion/ opinions from taiko's here as I am newbie and stayed at klang valley which is 3hrs drive to Kuala Rompin which cause management of the BH inconvenient. Should I proceed with the buy of should I let go and lose my deposits? Or anyone got into same situation as I am now? Yuor valuable opinions is very much appreciated.

Sifus,

If I were to service loan RM3k per month, to breakeven 500 birdnest is required in the BH assuming birdnest selling price is RM3K per kg. Every month harvest 500 bn X 0.2 equal to 100 bn per month which translates to RM3K. In short so long there are 500 bn in e bh, i can get RM 3k per month which will enable me to service BH loan. Is the calculation correct? But then again is it easy to get so many bn given that there are 66BH constructed simultaneously in that particular area? Sure got stiff competition.

Dear all sifus,

Thanks for the advise. It really helped me to make the decisions. Anyway everything there is a cycle. Got ups and down. Once sifus here can weather this big storm, good days is waiting ahead and there will be new peak of this industry. Please dun give up and persevere.

This post has been edited by analaiser: Nov 14 2012, 04:32 PM

[quote=West Wing,Nov 15 2012, 03:10 PM]Have you decided to go and buy D BH or that you are going to let go and to buy those BHs on sales cos now is the time to help yourself to cheap BHs and also helping others in financial trouble if you are loaded. Before estimation is Rm800-1K per nest and now, the nests practically FOC in some case.

Honestly, now is  a good time to invest but not building a new BH but to buy one as you are paying lower than building one yourself and bonus is that there are already resident birds staying without you having to worry about securing birds. Best for those newbizs who want to venture into this Bus to do now cos there won't be another time that you can buy so cheaply so you got to thank the few "you know who" for it.... plus some knowhows that money also cannot buy........

West wing boss,

Most probably i will pull out from the sale and deposits will be forfeited. Will channel the money into property as it's safer bet and lower risk. The reason i venture into this industry is because we go in as a group and in case anything happens we will face it together. I myself got no experience. Now with the high downpayment and high interest rate for the BH, i doubt we can sustain it in the long run. It is better to cut lost :-(


This post has been edited by analaiser: Nov 16 2012, 08:52 AM

Hi, I bought a swiftlet farm from a developer few years ago and just completed recently. It's at Kuala Rompin, Pahang an excellent location which is just beside forest reserve with unlimited food for the swiftlet. Problem is with the downturn of this industry we had problem getting loan at good rate. Margin of financing is 60% with interest rate at BLR+1. Anyone with intention of investing at swiftlet house and wanted to share the in the business ( half half, no addition profit from us) please pm me. Location is superb and with license, security system and technical support in place by the developer.