My prediction: this guy better stay far away from high rise windows this year. People like him are at high risk of going bankrupt....

Lucky? More like sorhai....

Playing with loans and gambling like in genting...people like him are responsible for the sharp spike (and subsequent crash) of properties..

Only positive cash flow due to DIBS.....don't need twist facts..

Lets see if he can maintain his hot streak through 2013/2014 or if he's gonna crash and burn like so many gamblers before him.

It sure is another Malaysian Boleh story.

Only in Bolehland a 30-yr old fella can be encouraged by the Banks to borrow RM8M against property which will ruin him for the rest of his life if the slightest thing goes wrong.

Best part is, he invested into 13 Studios, the property that is about to be the most affected by oversupply and low yields in the next 3 years.

Already this young fella is worried and thinking about cashing out in 2016 (bet he wishes he could cash out today but in too deep sh1t already).

But yeah, continue to claim I am "jealous".

This is not an inspiring story to me. This is Part 1 of a sad tale of how naked greed, poor governance and loose financial controls contribute to bring about a disaster. Part 2, yet to be written, but my bet is it sounds like Richard Li's tale without Li Ka Shing's billions to bail him out....

Sure boh?

Part of the studios still under construction - means Bank Loan not yet paid yet.

Rental yield squeezed as more and more units VP. Ask ANY landlord, if they claim otherwise they are lying.

BLR change how sure are you he is able to breakeven? What about defects and repairs in his property? Rental units vacant for 2-3 months? (Highly possible FYI).

This is a super high-risk strategy. I won't recommend this to anyone. RM1-2M of loans I consider a daring risk taker. RM8M of loans? Overly greedy and soon to be bankrupt.

This is a joke right?

One bank employees don't care about the bank except their yearly bonus and monthly salary, bank shareholders can't see all the details except in the annual report.

Two if the bank fails the Government will bail them out like in US, if your Boyfriend fails who do you think is gonna bail him out? The Bank? The Govt? You?

Good luck......

For every 1 person who bought AAPL at USD$80 -> $680, there is another 1 person who bought at USD$680 and yesterday AAPL closed at (ta-da) USD$460.

So, which person do you wanna be? And are property prices at trough now or at peak? You decide!

A lot of dumb people in Malaysia.

If compared to this guy, Genneva is an even bigger success story. Managed to songlap RM 1B then run off.

Opposing POV deserves a voice as well.
Presenting a high risk investment like this in a glowing light without properly outlining the risks can easily convince some gullible people to invest or try to copy such a strategy.

At least our dissenting voice ensure that if people do invest they have a chance to understand the risk and the bear case.

When I invest I always like to hear the dissenting view not just rah rah rah BBBBB. After all it is hard earned money that you are using, isn'tit wise to cconsider all possibilities? Money is easy to lose, not easy to earn....