1. Buy those in growth areas. Growth is stimulated by public transport.

2. Hold those that you stay and those that are rentable (positive return).

3. Sell those that you are not keen and not happy. Money can be better use back in step 1.

This post has been edited by accetera: May 30 2013, 01:01 AM

For past properties, didn't say it must be like Step 1 (which is more for future). Past properties don't have to be close to MRT. Anywhere that is bringing you cukup makan and some untung is OK. Example: hold Tropicana City Tropics.

This post has been edited by accetera: May 30 2013, 01:29 AM

sub sales semi D in setia alam got price softening. ( according to my agent)

Price softening is fine but yet to crash. I m worry that reverse phycology tht not going to work here.

US stocks start correction.


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No... i pass by those area... definitely a turned off. Especially Cresent..

Our neighboring country Philippines announced a 7.8% jump in Q1 2013 GDP.

All Southeast Asian countries seem to be doing quite well. The Philippines need not have to liberalise or even transform their economy to achieve consecutive large % growth because by doing so all the profits only benefitted the foreigners.

Singapore and Malaysia are underperforming.

This post has been edited by accetera: May 30 2013, 10:11 AM

I read one china press economy review.... if not bcs of the construction mrt, highway, airport, housing, new project like tun razak exchnaged

our gdp is actually only 1% growth...

thanks to up up up cam partially.

This post has been edited by tikaram: May 30 2013, 10:14 AM

You too. Thank you. Pls BBB.

Intereting things for we Malaysians:

In Philippines, it is a normal culture for youth after their college or pre-college (>21 years old) to leave home and find work in Manila or Cebu, mainly in the BPO industry (shared services and call centres). These youths have huge appetite for renting apartments - they normally do not have such thing as terrace home. Hence, rental market is very high in demand. It is also Filipino culture to pay rental ahead or sometimes 1 year of rental in advance instead of making downpayments to buy new home. Most of the new homes are bought by Filipinos working overseas as Philippines have the highest remittances economy (working abroad and transferring their earnings into home country, nowadays they buy property in Manila) in the world with about US$25 billion receipt last year beating any need for FDI or liberalising the economy.

Corruption and mismanagement are still key issues but they believe Philippines' GDP of about US$250 billion is on track to beat their nearest peers Singapore and Malaysia in terms of nominal GDP.

This post has been edited by accetera: May 30 2013, 10:40 AM

I read :

they don't buy terrace bcs they cannot afford( also due to limit land as population very high) and yearly flood problem.

rental market is very high in demand = high population and govt better now.

1 year of rental in advance = high demand and high population and less supply

This post has been edited by tikaram: May 30 2013, 10:30 AM

tikaram,

Thanks for sharing this here.

I have most of my FDs with BRakyat and now this concerns me. I don't understand what is the problem mentioned in the report. Hope that you can help to clarify what is the problem mentioned in the report.

My lay person's understanding is, they have many personal loans and thus higher non performing loan potential. But my view is, these lenders are mainly govt servants and thus secured incomes for the loans.

Or something more serious?

Thanks.

the purpose just to alert the danger of more bankruptcy...( persoanl loan )

try to limit your FD to 250k which is insurer.

This post has been edited by tikaram: May 30 2013, 10:33 AM

Our concept of terrace is inherited from British and non-Commonwealth countries have different concepts on landed homes.

Supply lesser? Manila easily got 2-3x more supply than us. Check out their latest project, alot of city apartments are small-szed in over 50-storey towers. http://www.skyscrapercity.com/showthread.php?t=302340

Transformation plans? Well, in Manila, there are plans to build 10 casinos to sustain their economic growth especially in boosting real estate. Joseph Estrada, a believed to be corrupted leader, was recently elected as Mayor of Manila.

i read manila city population is very huge. maybe 2 x

i read the supply only increase recently due to good yield.

i also read the current govt is better than their formal.

corruption index malaysia from 2005 5.1 drop to 2011 4.2

philipine from 2005 2.5 improved very little ? maybe 2013 improved more? to 2011 2.6

This post has been edited by tikaram: May 30 2013, 11:02 AM

The fact that in ASEAN forums, most other ASEANers laugh at Malaysia for making a big noise about our transformation and anti-corruption plans when in fact our growth is lower than them.

Accordingly, they mentioned that it is about bringing vibrancy to the economy and matters like corruption should not be prioritised for the sake of economy. No doubt, this is a developing world mindset.

Why I believe what's happening in the region is very important for us to know.

Kuala Lumpur real estate is fighting for the same tourist profile, same foreign investors and same hoteliers and retailers across the region. Our out-of-ASEAN tourist arrival is not very high if you take out all visits from ASEAN: Singapore 14m, Indonesia 2m, Thailand 1m, Philippines and Vietnam: 1m. Almost 18 million out of 25 million are from ASEAN.

What's happening in neighboring capital cities definitely poised a competition to KL.

Bangkok - big in hospitality and retail industry, the abundance of out-of-ASEAN travellers both the budget and rich ones
Jakarta - to go all big in luxury shopping, widely known as the new Shanghai of luxury retailers
Manila - to go all big in casino, casino, casino and BPO

Kuala Lumpur - what is our niche? well, KL is trying to steal some business from Singapore, a city that is beyond our league as of now (>720 financial institutions are operating in Singapore with less than 100 in KL)

kuala lumpur have the best things - truely asia, malay, chinese, indian....

but we fail big on this.

I wouldn't even want to say these cultural things because many expats that lived in Malaysia actually mentioned we are not entirely Truly Asia like what we wanted. Most times all they see is Chinese makan with Chinese, Malay makan with Malay and Indian makan with Indian. No matter how much we deny it.

Big news in our neighboring country:



This post has been edited by accetera: May 30 2013, 01:19 PM

I am just trying to say the truely asia if it work well.... this is biggest selling point for Kuala Lumpur.

If you don't believe me. Go to country where people never vist malaysia like egypt...

tell them our race.. they will follow you wanted to know more each culture.

govt fail us la.

FOOD!

Bloody Gahmen too stupid to manage this nation however.