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> V10 - Property Prices (Up, Down or .....), and the debate goes on and on and on ...

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AMINT
post Mar 16 2013, 11:33 PM

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QUOTE(Steven83 @ Mar 16 2013, 11:23 PM)
Now is 2.5 RM over 1 SGD, if lets said 4 over 1 SGD  after impact
Imaging, what you pay for the building for before was RM800k which is SGD 320k, now when you want to sell it after impact, your house is only SGD 200k. Will the investor love it?  blink.gif
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Our props are damn cheap to singaporeans man. I feel like shit due to this. Huhu
AMINT
post Mar 18 2013, 10:41 PM

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QUOTE(sheanhung @ Mar 17 2013, 02:13 PM)
One of them said the price might drop by half.....some more he is a lawyer.  sweat.gif
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One of the lawyers that handled my snp also said my snp will be ready in 1 week (it took him 1 month to contact me to ask me to sign)
AMINT
post Mar 18 2013, 10:55 PM

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QUOTE(agentdiary @ Mar 18 2013, 10:49 PM)
Appreciate your compliment. One thing I learn the hard way from the 3 years writing blog is that most readers like to ridicule honest analysis  sweat.gif

What I have seen happened with family in 82' and 97' really a nightmare that I vow never to see it from my home.

Been in this industry since early 2000 and consider myself not lazy spending spare time to learn finance and economics. All I can tell is assets class opportunity is always moving from one to another from time to time. Real estate in Malaysia is near its end at least for mid term.

Thus, I sold most last year and urging close friends and family to realize profit first. I walk my talk. Always believe paper 'profit' is just a mirage. It is like masturbation, period.
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I like ur analogy. Dont just masturbate (syok sendiri with paper gain). Must have intercourse (sell prop to realize gain)
AMINT
post Mar 19 2013, 09:24 AM

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QUOTE(all blacks @ Mar 19 2013, 09:21 AM)
Actually I called up most of the agents, its just their stupid trick to price it lower so tat potential customer calls them juz to be informed tat the asking price has been increased...
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Yes, i got that a lot too. 1) that was 1 year old price. Now owner wanna sell higher 2) my staff put the price wrongly. Cannot be so cheap. Now market is at this price that i am telling u maa.
AMINT
post Mar 19 2013, 11:09 AM

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QUOTE(ay@m @ Mar 19 2013, 10:31 AM)
believe it or not... i know someone who actually just bought a landed property from an agent and according to that agent, the price quoted is based on the actual developer's price about 1-2 years ago...this landed property just obtained OC....

and comparing to other similar listing from other 'flippers', the selling price quoted by other owners or flippers is about RM180k more expensive...

weird eh...but for once, this agent actually sold this landed unit for about more or less the same price compared to 1-2 years ago...
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i like this type of agents. can you pm me his contact number? We need honest agents. thumbup.gif
AMINT
post Mar 19 2013, 11:10 AM

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QUOTE(all blacks @ Mar 19 2013, 11:09 AM)
Penang also u masuk kah bro?
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Alamak, penang kaa? Penang gua tak masuk bro cry.gif
AMINT
post Mar 19 2013, 07:46 PM

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QUOTE(zuiko407 @ Mar 19 2013, 07:34 PM)
Tea boy
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You are seriously overpaid for a tea boy.hahaha
AMINT
post Mar 19 2013, 07:50 PM

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QUOTE(kingalfred9999 @ Mar 19 2013, 07:46 PM)
Actually price got drop meh? (scratch2 head). Was helping friend to look around for subsale condo for her own stay also struggle like hell...seeing price inching up every 2-3weeks..

dont shoot me.. just 2c.
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I think firstly we have to identify what is the market price. How to identify this? Via bank valuation? if bank valuation low but ROI can get 10% how? This considered below market coz dropped? Or just follow advertisement? Drop means drop and up means up? Not easy to categorize this too, right?
AMINT
post Mar 20 2013, 01:06 AM

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QUOTE(Nikmon @ Mar 19 2013, 08:05 PM)
Not difficult, as long as latest transaction price is higher than previous transaction for similar unit, it consider up, Vice vesar. 

Just ignore the asking price
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Like this is not fair bro. one owner may sell higher or lower than another. so how do you categorize this? I give u one example. I have been looking for a shoplot in one area (not in KV)


Lot A: asking price RM680K, Rental RM3300/monthly

Lot B (next to A only): asking price RM810K, Rental RM3600/monthly

Lot C (in another row but not so far from Lot A and B): asking price: RM600K, Rental RM2800/month

Bank valuation for all stucked at: RM600K.

So how do you categorize this? You will also pening, I guarantee you.

a) If I buy Lot A, would you say the market has dropped? Valuation is still below asking price. 85% loan only. But ROI is at 5.8%


b) If I buy Lot B, what is your comment pulak? Valuation is still below asking price., Same 85% loan. ROI is at 5.3%


c) If I buy Lot C, what is your comment pulak? Valuation is at par with asking price. Same 85% loan. ROI is at 5.6%


Not easy to categorize this part rclxub.gif None of the owners are willing to reduce the price because all said rental can cover installment. All are confident that rental can go even higher.so if one would wanna buy, asking price will be transacted price. owner's way or the highway.

This post has been edited by AMINT: Mar 20 2013, 06:43 AM
AMINT
post Mar 20 2013, 08:43 AM

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QUOTE(Steven83 @ Mar 20 2013, 07:03 AM)
Hey...the KL rental rate really better than Penang  brows.gif
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Bro, this is not KL as i mentioned earlier -not in KV.
AMINT
post Mar 20 2013, 11:17 AM

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QUOTE(Steven83 @ Mar 20 2013, 09:24 AM)
oh...not in KV...where was it?
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JB
AMINT
post Mar 20 2013, 12:39 PM

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Opss i had to change. typo just now. hehe. I would choose A actually.hoaaaa. many replied to my reply. smile.gif thanks guys. Anyway in my opinion, there is a reason why C is lagging behind. It is on the road that not many cars flowing as compared to A and B. If you ask me, I will definitely choose A because in commercial, I believe, die die must buy good facing (doesnt necessary mean facing main road coz based on my analysis it all depends on flow of traffic. there are some shoplots not facing main road getting more traffic than those facing main road). Anyway, these are the businesses of individual lots:

A: Kedai langsir

B: Kedai perabot

C: Kedai perabot

From my observation, A's business is thriving while lot B and C are competing with each other. However, take note buying A needs RM170K and one will have a risk of having trouble to sell back due to low valuation. One day, valuation might keep up with the price one will pay but it will take a while.


Anyway, what do you guys think with these investments? Good or bad or risky or what?

If you ask me, for a bumi, one better put his money like this:

Put in whatever one has in AS1M, ASN and take loan for RM400K in ASB. ROI combined would be around 7%. no pening2 with tenant, no pening2 to sell back.

Unless Lot A, B and C future capital appreciation and rental incremental are substantial. This is why sometimes I always ask myself to weigh between rental and other investments.

For flipping, provided one has bought at good development, this is a sure win if one can sell with a profit by taking into consideration of rpgt as well.

This post has been edited by AMINT: Mar 20 2013, 03:46 PM
AMINT
post Mar 20 2013, 03:58 PM

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QUOTE(UFO-ET @ Mar 20 2013, 03:30 PM)
I think my prediction on yr choice is right, you choose A
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Good to know that we think alike. smile.gif
AMINT
post Mar 20 2013, 07:09 PM

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QUOTE(kochin @ Mar 20 2013, 05:49 PM)
I definitely choose A also.
B is a bit risky type of tenant.
C location must be worse off then A and B.
For A, only concern is load a bit up on fire insurance.
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yeah true2
AMINT
post Mar 20 2013, 07:14 PM

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QUOTE(EddyLB @ Mar 20 2013, 07:08 PM)
Bro, with that kind of return, I will sapu all 3  biggrin.gif

Where got such return in KV anymore ? Looks like I got to visit outside of KV ASAP
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hehe. got bro. you have to look closely. You have to look deeper than just rely on internet.

(Someone i know here who keeps calling people A stupid, people B stupid but only did research on the internet via propwall. However talked like as if physically did the research. tongue.gif)

Anyway, yeah not many KV props can get like that. I am venturing outside of KV to down south actually. Some say better dont waste time coz not easy to manage since a bit far. I kinda agree with them but I still think it is wise for me to do this because I wanna learn.

This post has been edited by AMINT: Mar 20 2013, 07:17 PM
AMINT
post Mar 20 2013, 07:28 PM

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QUOTE(laptopdoctortom @ Mar 20 2013, 07:26 PM)
todays Star paper
- polis bring crime down 100 %
wtf
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???
AMINT
post Mar 20 2013, 07:41 PM

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QUOTE(Steven83 @ Mar 20 2013, 07:32 PM)
You are a smart owner. thumbup.gif
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Dont play play. EddyLB = taikor wooo
AMINT
post Mar 21 2013, 01:59 AM

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Nice to know taikors here share their experiences. smile.gif

This post has been edited by AMINT: Mar 21 2013, 01:59 AM
AMINT
post Mar 21 2013, 10:59 AM

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QUOTE(New Klang @ Mar 21 2013, 10:51 AM)
The ringgit is getting weaker. Malaysian properties will be cheaper than ever.
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cry.gif cry.gif rclxub.gif rclxub.gif
AMINT
post Mar 21 2013, 05:49 PM

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tat3179 = girl or guy?

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