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 V11 - Property Prices Discussion, Intelligent debates only pls

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Yamma
post Jun 17 2013, 09:30 AM

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QUOTE(debbieyss @ Jun 16 2013, 07:28 PM)
guys, I need advice here:

I'm a first time property buyer. Recently I saw an apartment unit at Pelangi Damansara, the unit is vacant and rented out, and tenancy contract will end next year Dec. The owner is selling at RM325K and the current rental is RM1400 per month.

I have searched around, the units of this apartment are selling at RM280K +, not more than RM300K.

My questions:
1. Given the MRT is under construction, is it worth buying this unit for investment?

2. Should I get an inspector to investigate the value of this unit?
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on the rental side, better check with other units. the agent/owner might bluff you because their intention is just to sale the property. had experienced with this kind of trick. agent told me current rental at that time was 1,500 but when i figured it out, it was 1,200. when i raised this up the agent, he said that rental rate his mentioned earlier is the one i can charge after i bought the properties...

how to trust agent?
Yamma
post Jun 17 2013, 10:40 AM

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QUOTE(mroys@lyn @ Jun 17 2013, 09:47 AM)
rental is quite subjective.
it may varies 100%; my search shows monthly rental for an apartment can varies from RM800-RM1800 depend on the the conditions and furnishing.
For your case, RM1500 and RM1200 is not a big variation.
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What i'm trying to say is, you have to verify those info. I bought a house which was rented out that time. the agent told me that the owner rent it out 1,500 per month. i managed to find out that actual rent was 1,200 for that particular unit.
Yamma
post Jun 17 2013, 11:32 AM

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QUOTE(mroys@lyn @ Jun 17 2013, 11:24 AM)
I have a few agent friends also have bad experiences with buyers.
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maybe bad experience with me. i rather do it to save myself 10k and seller earned extra 7k++.
Yamma
post Jun 18 2013, 10:35 AM

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QUOTE(puchongite @ Jun 18 2013, 10:21 AM)
I wonder if there is an online service for it - online detect writing style and detect author authenticity.  whistling.gif
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comment like this bring no good to the forum either. it just increase the number of page....
Yamma
post Jun 18 2013, 11:38 AM

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QUOTE(puchongite @ Jun 18 2013, 10:38 AM)
Oh really ? Why do you want to conclude that ? Did I just hit some softspot ?
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hmm..
Yamma
post Jun 18 2013, 12:23 PM

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QUOTE(firee818 @ Jun 18 2013, 11:55 AM)
I feel that housing loan interest rate is gonna to rise in foreseeable future due to the fact that US is going to tighten QE3.

BLR may stay at the current level i.e. 6.6%, but the discount in interest (i.e. -2.4%/2.3%) may be smaller. That is, it may back to BLR-1.8% as in Year 2010.
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i beg to differ. banks having problem with less quality loan nowadays. to increase the rate (lesser -xx%) is do more damage than good. it's not their duty to makesure things under control (no bubble, sustainable property price etc etc). that's BNM and gov duty. and both have no say in regards to the -xx%.
Yamma
post Jun 18 2013, 01:49 PM

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QUOTE(firee818 @ Jun 18 2013, 01:29 PM)
If BNM (gov't) has no say in regard to -xx%, then the banks may manipulate as they like. You may see the banks will give out creditability loans to good rating persons at BLR-2.6% for instant since it is still higher than fixed deposit interest rate.

If it is, the gov't will be very difficult to control housing price...you like it?
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bank need some profit margin on their own. or else, they can offer us BLR - 6.6%. BLR -2.6%? some very rich people with close connection to bank mgmt even get BLR-4% (rm million property and able to buy by cash but take loan for sake of having a loan).

if BNM has the power on -xx%, they can just implement it straight away on new loan, BLR-0% or higher. so new buyer with good credit rating only able to buy (reducing NPL risk) while the existing borrowers enjoy current rate (BLR-2.4% etc, n not going to complaint on new xx% implemented and commitment remain the same - NPL risk as usual).

"If it is, the gov't will be very difficult to control housing price...you like it?"

do they have the power to control the price anyway? they only have the power to govern the procedures...
Yamma
post Jun 18 2013, 03:53 PM

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QUOTE(Rooney1985 @ Jun 18 2013, 02:29 PM)
World Bank warns of shock to debt-laden emerging economies as global liquidity is withdrawn

http://business.financialpost.com/2013/06/...y-is-withdrawn/
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US way to minimise China impact..
Yamma
post Jun 19 2013, 02:11 PM

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QUOTE(AVFAN @ Jun 19 2013, 01:07 PM)
20k pm passive is not for everybody. tat wud have taken a lot work, inheritance.

more likely 10k pm, fd n reits can give >5pc, so 4mil wil do.
a good no. at age 40-45 have that net worth if they had worked hard, saved and invested properly over 20 yrs.
but shooting blindly or have cepat kaya mentality, cannot la!
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what is the value of 20k ni next 20 years? what about 10k?
Yamma
post Jun 20 2013, 12:03 PM

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QUOTE(EddyLB @ Jun 20 2013, 10:57 AM)
If 800k property loan 720k, tenure 40 years, monthly installment is RM3k. 3k out of 8k is 37.5%, so bank will still approve

Depends on the couple want to buy or not. The bank says they can afford  laugh.gif
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so cheap one? mine loan 550k 35 years got to pay 2600 p.m.

i doubt 35 vs 40 bring significant diff..
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