isn't imitation the best form of flattery?
after all, you are carrying rooney's nick.
so...... errr......
i'll better let you do the explaining. kekeke.

Can't judge by that ma. My neighbor driving Lexus & Civic also not paying security fee. KL people very rich one.

if follow what Roney said.

your neighbor buying lexus, civic using other people money ma.....slow slow pay loan ..

your taman paying security cash money wo...maybe u can suggest your security guard company allow credit card mode.....

Rm45 ringgit? it only cost your neighbor lexus/ civic parking fees at one high end hotel leh.

May I know anyone can recommend good property agent? I would like to sale my property located at Rawang, I wonder is there any member here can share any contact?

Thanks

ROFLMAO!!!

This is soooooo true.

I have a friend that tells everyone she stays in Damansara.

Too bad she missed out the full name. It's not Damansara Utama, or Damansara Jaya, but "Damansara" Damai.

Hahahahaha!

U really clever bro

Assume property is 100m2, developer cost is RM3,000/m2, buyer pay RM5,000/m2, 100% financing, drawdown every quarterly, from first drawdown to completion is 24 months (total 9 drawdown).

If BOTH developer and buyer is paying 6% interest;
Developer's total bank interest payment is RM25,425 vs Buyer's RM42,375.

If developer's interest rate is 6% and buyer's 4%;
Developer's total bank interest payment is RM25,425 vs Buyer's RM28,250.

As buyer is paying interest on selling price (RM500k) and developer is paying on cost price (RM300k), buyer's interest payment is hard to be lower than developer's.

This post has been edited by icemanfx: Jul 1 2013, 03:49 PM

if buy for own stay, ok to proceed
if those rich fag got loads of cash doing nothing, buy for fun, also ok la
those highly leverage fellows intending to flip, we wil soon know its outcome this few yr once most props completed r there many quality auctions lately or its been quickly absorb or taken off the mkt?

assuming the props drop take note, props and share mkt not 100% related
y dun u ask ur older folks wat happen to props in 1997 financial crisis
those cash rich youngsters, wil they wait for 50% price correction or wil they immediately buy when enough cash?
imagine they savings so much. every year they see props price increase 5%. after 10 yr, wat wil they do?

1) most of the youngsters which I rent props to, alwiz complain props veli expensive so they keep cash
however, the young demographics r on their side to absorb the supply
maybe 30 years later, when there is less rakyat, maybe it can drop. till now, I stil waiting for nenek nasi lemak of 1 sen
http://www.statistics.gov.my/portal/index....content&id=1215
The proportion of the population of Malaysia below the age of 15 years decreased to 27.6 per cent compared with 33.3 per cent in 2000. In contrast, the proportion of working age population (15 to 64 years) increased to 67.3 per cent from 62.8 per cent. The proportion of population aged 65 years and over also increased to 5.1 per cent as compared with 3.9 per cent in 2000. Consequently, the median age increased from 23.6 years in 2000 to 26.2 years in 2010, while the dependency ratio dropped from 59.2 per cent to 48.5 per cent. The trend of these indicators is in line with the transition of age structure towards aging population of Malaysia.

2) 43% of malaysians not adequately prepared for retirement while 10% are not prepared at all
http://www.theedgemalaysia.com/business-ne...ng-savings.html

since props expensive, they mus be aware interest in fixed deposit cannot fight inflation
http://www.freemalaysiatoday.com/category/...han-investment/
The inaugural survey by Manulife Holdings Bhd showed that Malaysian respondents had parked 41% of their total assets in cash or deposits, way higher than the average 33% for Asia. “There is a lot of cash in Malaysia. Cash holding is prominent everyhere, but in Malaysia, it is a primary saving tool,” Manulife Group CEO Mark Steven

“Up to 66% of Malaysians, especially the younger generation, believe in investing in their own homes since getting one’s own home is the second top priority after savings in cash or fixed deposits,” O’Dell said. - See more at: http://www.freemalaysiatoday.com/category/...h.OW87LBRL.dpuf

4) 65% malaysian millenials fund own retirement through personal investments and savings plan
http://www.pwc.com/en_my/my/assets/publications/gen-y.pdf

we await version100 and those ddd campers must be around to defend their point to the last breath but no hypocrites la

scenario 1.
i sell clothes.
i ask around. confirm 100 orders for shirt + pants, then only i confirm to start work. but before start work i request the 100 confirmed orders to pay me RM1 to buy the cloth first.
hence i pocket rm100 to buy cloth.
i buy the cloth with rm80. use rm20 + bank borrow rm200 to buy sewing machine.
i sew the shirt and show my customers. customers ok and pay additional rm3. i gather rm300 now to pare down my loans and also use rm80 to buy cloth again and additional rm50 for packaging material. i sew the pants now. i request customer to fully pay up the balance rm2 before delivery. i use the rm200 to pare down my loans and deliver the product.
my loan peaked at rm200 momentarily before i pared down with new loan at rm30 and pared down again just before delivery.
my total interest chargeable is rm200 for a brief period + rm30 interest for a brief period too.
my base cost is actually rm430 + (rm200 + rm30 bank interest) + profit


scenario 2.
i buy rm160 cloth.
i buy the sewing machine at rm220.
i buy packaging material at rm50 later.
total borrowing =rm430 (rm380 upfront and rm50 later).
bank charges me rm380 interest for extended period and rm50 interest on short period.
completed and my base cost before selling = rm430 + (rm430 bank interest) + profit.

magnify that by millions and there you go.
now you tell me, which is cheaper?
and for scenario 2, don't even dream of getting a full rm430 loan to begin with.

Super wrong analogy.

i sell clothes. Selling at RM20 (by the way your example of selling price of RM6 per pair is lower than the cost price of the developer. Cannot brain).
i ask around. confirm 100 orders for shirt + pants, then only i confirm to start work. but before start work i request the 100 confirmed orders to pay me RM2 to buy the cloth first. BUT the catch is customer need to borrow RM18 from the bank as well.
hence i pocket rm200 to buy cloth.
i buy the cloth with rm80. use rm20 + bank borrow rm200 to buy sewing machine. I use remaining RM100 to start new project to sell to other customers. "Roll" mah! Hehehe!
i sew the two shirts and 50 collars and show my customers. customers ok and pay additional rm8. i gather rm800 now to pare down my loans and also use rm80 to buy cloth again and additional rm50 for packaging material AND also to roll again and start new project. Then I buy new BMW. And a new Bungalow too in Sydney.
i sew some shirts now - but then not enough cash after paying downpayment for my new beemer, so I replace with low quality cloth and cos I got too many projects, simply simply do lah. Bo jio. After all this suckers already paid in full already what. hehehe.
Shirts finish, some customers not too happy. I planning to start another project but then banks call the loans in. Shit!

I run away to my Sydney house, use some money to kautim some ministers in KL. No problem!

As for buyers, well, they got a shirt what. The pants, belakang kira la. Those ministers I didn't pay for nothing ok. Property only ever goes up. Semua-nya ok.

What about buyer's interest payment?

you still don't get it don't you?
nvrm.

hhmmmm......
i like your version much better....

but i afraid of fire in hell.
so i better.....

Hmm...this is my first post in this forum and I am using the same nick as the in the other forum.

3 years ago I bought a new under constructed apartment around 920 sq ft at 400k. My frens laugh at me and make jokes and said that I kena conned by the developer. I told them, this is the normal standard price in KL, if I dont buy now then when? So I ignore them but I know secretly they wanted me to fail meaning waiting for the price to crash. I was very upset with these people actually. Yes DDD people are annoying not just in the cyberworld but in the real world too.

Now that apartment is worth more than 600k. If I listen to all these DDD people, I would hav shoot myself in the head!

Anyway. 6 months after that I bought another apartment at the same place with size 719 sq ft. At that point no early bird and the price increase by 20k. Why did I buy two? Because I was contemplating to buy a car but then cars in Malaysia are so exorbitantly doesnt make sense pricewise to buy one then I thought instead of buying an apartemnt and a car why dont just buy 2 apartments? So I bought 2 apartements and it was the best decision I Have ever made. The 720 sq ft is now worth 500k when I bought at 380k.

A few points to ponder.
1. There are many malaysians who will buy cars when cars are just soo overpriced. Nearly half the price of a house. But hey they keep on buying even though you are actually losing money when you buy a car coz cars depreciates. So what about property?
2. There are more malaysians declared bankrupt becuase of car loans and car loans are one of the most defaulted in Malaysia. But did that decrease the price of cars?
3. Which is more important in a Malaysians everyday life. Cars or a house for you to live in?
4. 10 years ago 1 kg sugar is about RM1. Now is RM2.50. So with property it is going to stay static forever? Have you guys look at oil price? Dont compare with gold laa. Compare with price of oil. You need that oil to build property.
5. And wages in the Banking industry is increasing. Meaning if you are in the right industry, you will have enuff money to buy anything you want. The question is are you going to buy at the manage to "catch the boat" price or are you the sucker that bought at the "miss the boat" price. Check out fresh grad salary for Petronas. I heard it is a lot.

I dont have a car. I use public transport and I live in KL. But I am maybe one in a million here I guess. And i dont even own a motorbike. Too dangerous to drive a bike in Malaysia. Boycott the automobile industry in Malaysia so that they will listen and finally decrease the car price. But then I guess people rather boycott property buying.

Ya only hell can punish people like this.

Cos our gahmen surely don't.

You look at Chan Ah Chye from Talam. Not only walking around a free man - become Tan Sri some more. You or I can or not? ROFLMAO.

I think that's way off point.
We're talking about high-end/ lifestyle concepts developed in no man's land and being sold at prime area prices.
Hope you read properly before doing a 407. haha!

aiseh... boss.
cloud trees selling marc residence price meh?
not really lah.
they are selling perhaps 20-30% higher than nearby prices perhaps.

give me some credit lah.
you think i really simply shoot meh.

even if you wanna refer to TG's KD at KLCC prices. but to be fair to them, need to compare Apple to Apple.
any new launch circa KLCC to match TG's KD prices?

that's all for today.
have a great evening.

HAHAHA Good one!

It's like some taikos here shall not name his/ her number... tell everyone got portfolio of props worth millions but forgot to tell the other side of the story ... the debt is up to eyeballs ... lol...

Its just a gimmick for these property fellas, and now the newest tech is using MRT, KLCC view, etc etc... gosh... and some would actually say hey I can see KLCC from my apartment... rightttt.... lol... Even worst sometimes you see those fellas drive Lexus, but no money to change good tyres or send to Lexus garage for maintenance, they bring it to the uncle shop at the end makes things worst... lol... Just live within your means instead of having your neighbours talk behind your back... and yes, they're all laughing at you... heheh... how sad.

I hope you're not implying that 407 simply shoots... (although I do think so).

Btw, credit isn't mine to give... its yours to earn.

Have a good evening too.

This post has been edited by Rooney1985: Jul 1 2013, 05:45 PM

I like this. Especially the car pricing part.