Not sure about double value in 5 years but given London property is unlikely to go any lower, the following area can't be a bad buy;
Canary wharf E14, Kensington W8, Chelsea SW1W

I think I misund u. U were toking bout double gain. Not 2x gain. Sori

think it's better we stay away from dwelling into foreign props as this is a diff animal altogether.


anyway, my gathering is subsale is slow and slower, prices holding - not falling, not rising. (developer prices going up is a given, no brainer, whether they can sell or not is another thing).


can anyone shed some light on some latest transacted info: bought in 2010 (highrise) or 2011 (landed), and just sold? what is appreciation - 10%, 20%, 30%?

those bought in 2008-2009 enjoyed 30-100% appr, we know.

One thing for sure. Cost of doing business including construction is getting more expensive.
Sometimes got money also no contractor to layan because of mrt.

Huh? GST implementation will cause a recession? Care to explain?

my experience for subsales, more higher asking price even for the same unit. the seller is not firm on their pricing nor serious to get the deal done.

those bought in 2010 onwards are targeting at least 50% profits.

correct. contractors have to mark up construction sum to protect themselves. the developers which do not own any contraction arms have to pass the costs to the buyers.

Vendors need to pay GST by the following month regardless of receivable. Hence, will have negative impact on cash flow, and most vendors will pay more tax at the end.

Expect vendors to pass on GST to consumers.

When Singapore introduced 3% GST many years ago, Singapore went into recession.

In Klang Valley, got any "Ghost Town"?

中国房地产开发出“鬼城” China "Ghost Town"

This post has been edited by WaiLeon: Jun 9 2013, 05:31 PM

I thought you don't know property only. Now you show you don't know taxation as well

GST are paid by the final person who consume the goods. Vendors are able to claim back the GST paid along the chain. There is no effect to vendors for the overwhelming majority of the goods and services provided.

Cashflow wise, the vendor only remit the nett GST to Customs. Ie, the GST they collect from the customers is offset against the GST they paid to their suppliers. So, if they pay more GST then collect, the Customs will even refund the vendor back for that month ! There is no major cashflow issue to the vendor. Only the final consumer of the goods & services will pay the tax

Suggest you study the GST structure before you make yourself a fool in your future posting. If you have any questions, do ask here. I will be glad to help as far as I know

http://www.treasury.gov.my/index.php?optio...default&lang=en


And not only property and tax you don't know. Economics also you don't know.

You mean when all the countries in the world which implement GST, all of them went into recession ? You mistaken recession = inflation, they are different thing lah my friend. If you say all countries when they implement GST, their inflation gone up, then you are correct. GST will cause recession ? Then all countries will not implement GST lah bwahahaha

Thanks for the entertainment ! You are damn good man

GST is good!! I fully support GST. That only apply to those buy luxury hand bag, shoe, go restaurant makan...etc So not only rich need to pay gst when they enjoy luxury things. also normal people who want to spend on luxury thing need to pay gst too. It encourage people to buy food n go home cook.(raw food from grocery no gst charge). N think twice on buying luxury thing or go out to fine dinning. Basically same as Australia. It is a good start.

While I also support GST, it does not necessary be a disadvantage to the rich

For the example you given above, fine dining currently the service tax is 6% (as charged by all restaurant with turnover of RM1m, including McD). The proposed GST is 4%. So, the rich gets a reduction in tax of 2% if GST is implemented. While the poor usually cook at home, they have to pay additional 4% tax on food such as canned food, coke, maggi noodle etc (except essentials like rice, sugar, salt, fish etc like you said)

The rich also spend on luxury items like cars which currently is charged with 10% sales tax. With GST of 4%, the tax saved on a luxury car is 6%. If a Mercedes price is RM300k, then the rich fellow save RM18k. The poor don't buy luxury items like cars, so they dont enjoy anything.

As for property buyers like us here, currently we pay 6% on lawyer's services. When GST is implemented, we pay only 4%. So we save 2% on lawyer fees. The poor cannot afford to buy houses, so no effect for them also

The rich may not be worse off when GST is implemented

And forgot to mention the implementation of GST is usually followed by a reduction of personal income tax and corporate tax as seen in many countries which implemented GST. In malaysia, only 10-20% of the population who are rich enough to pay income tax will enjoy the reduction of income tax. And only the bosses who own companies' will enjoy the reduction of corporate tax.

So, the rich may be even better off with GST compare to the poor !

this, we hv yet to see. pm mentioned "tsunami", dpm says "will help onli those who support us". and we know who they r implying and who pay the most income taxes. so, u can figure out the rest.


my expectation is they will implement gst with no tax reduction but with increasingly higher br1m, selectively. we'll b around to witness all of it.

This post has been edited by AVFAN: Jun 9 2013, 08:59 PM

I think your prediction is very real. And if I am the government, I will do that too

No worries. U n I r bizman. If no tax reduction means higher cost of running biz. Do u think u n I ll b kind enuf to subsidise the expenses or hike the price??? Of cos many ll claim biz ll slow down but wat other option do v hav??? Blame the 47% and do our part, thou it sounds a very lame excuse. Just get ready for inflation and usually during inflation there r opportunities. Just spare the whining and complains and move on with opportunities.

Property market in Malaysia is defying gravity/economic theory. Hence, hard to comprehend.

On GST will bring recession, we can wait and see.

This post has been edited by icemanfx: Jun 9 2013, 11:32 PM

Hi pros,

Feel free to join my facebook page to share more about your properties knowledge. There are few properties on sale too.

https://www.facebook.com/propertygoods

Cheers!

CM

Yea businessmen always has their way around their problem

Actually the 51% should support fully the implementation of GST. As discussed in Real World Issue, only the rich pay tax now. 20% taxpayer x 28m population = 5+ million voters = 51% of voters. The other 47% including bangla and phillippinos never pay tax and get BR1M. Why shouldn't the 47% vote for those who give them money ?

Now if GST is implemented, 100% population and 100% voters pay tax. They government has to account for 100% voters' money now. Those 47% now are forced to pay tax. They will now care where their money goes. They wouldn't allow the government to buy condo for cows. They will make sure their submarine can submerge. The will make sure a laptop is not priced at RM30k

GST is therefore good for the future of Malaysia. I support !