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 V11 - Property Prices Discussion, Intelligent debates only pls

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soules83
post May 31 2013, 11:40 AM

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woah woah...here goes the games....I will be having fun watching.
soules83
post May 31 2013, 03:13 PM

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QUOTE(Aventador360 @ May 31 2013, 11:58 AM)
Is this discussion referring to new launches or the secondary market?
I notice that new launch prices keep going up but the secondary market is open field depending on the unit and location. I have concerns about continuous stream of new launches when there are so many already built units empty.
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yalo....secondary slow in Penang...
soules83
post May 31 2013, 03:44 PM

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QUOTE(kochin @ May 31 2013, 03:40 PM)
actually who or what party stand to gain the most in the event of a property downturn?
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those who had already exit the market? hmm.gif
soules83
post May 31 2013, 07:17 PM

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QUOTE(zuiko407 @ May 31 2013, 06:56 PM)
The ones with lot of cash money, not the young poor guy without any property and money
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Please invest in me. zuiko407 I heard you are from this type.
soules83
post May 31 2013, 09:47 PM

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QUOTE(AVFAN @ May 31 2013, 07:25 PM)
u or z is young and poor... or with lots of cash? which ones? tongue.gif  biggrin.gif
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aiyo AVFAN bro, I very poor one...now looking for investor with cash flow to invest in me icon_question.gif
soules83
post May 31 2013, 09:48 PM

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QUOTE(savants @ May 31 2013, 07:32 PM)
I just wonder... those ppl that think its going to be bubble soon owns any property?
If yes, why you still owning it?
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I want....but no enough cash....so I holding cash lo... flex.gif
soules83
post Jun 3 2013, 08:00 AM

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QUOTE(zuiko407 @ Jun 3 2013, 12:17 AM)
MK10 still the most exclusive condo in mont Kiara as of now
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700 sqrt ft is consider as condo!!?? blink.gif
soules83
post Jun 5 2013, 10:50 AM

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QUOTE(joeblows @ Jun 5 2013, 09:46 AM)
Malaysian Internal Debt vs External

External debt = RM17B
Internal debt = >> RM475B

Its the internal debt one should be concerned about as it has higher repayment rates. Remember internal debt = EPF, LTAT, ASNB, etc and all these the government is duty bound to pay out >> FD Rates or risk public unrest. Imagine if EPF gave "dividend" (actually repayment) of 2-3%, how much complaints there will be. ASNB even worse, Govt needs to pay out about 7++% at a minimum.

Any default on internal debt, guess whose money will be lost? Yep, ours!!!

There can be no doubt Malaysian govt is in serious financial straits, otherwise they will not be looking at raising petrol prices, removal of subsidies and implementation of GST even though all these will be immensely unpopular moves.
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more strict policy are coming... doh.gif

http://www.propertyguru.com.my/property-ne...m_content=links


soules83
post Jun 5 2013, 04:27 PM

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QUOTE(EddyLB @ Jun 5 2013, 02:21 PM)
So, still don't dare to set a date for MARKET CRASH ?
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I think crash or not depends on you guys le....if can hold then no crash lo...
soules83
post Jun 16 2013, 09:55 PM

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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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woah RM1400 thats a lot. I don't think you need a inspector...with this kind of price bank loan is easier to get.
soules83
post Jun 17 2013, 07:59 AM

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QUOTE(debbieyss @ Jun 16 2013, 10:45 PM)
Yes, I will do that tomorrow.
leasehold. In Mutiara Damansara, majority of the properties are Lease Hold, which including the newly built SOHO - Empire Damansara.
If you are renting out bare unit, your rental price will be lower. Mine is a partly furnished unit, including furniture and built-in cabinets.

Anyway, after I have calculated, I need to repay RM1700 monthly housing loan, which means I don't earn any instead.

Am i calculating the right way?
I see...
Can you be specify in your question?
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oh....RM1700...yeah then you aren't earning anything. How long will be your loan and how old are the property?
soules83
post Jun 21 2013, 04:57 PM

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QUOTE(zuiko407 @ Jun 21 2013, 04:55 PM)
ya! im looking for you actually
how's the link house in damansara jaya that you targeted for long? drop to 700k from 850k yet? again! that is damansara jaya you know, not kajang.
please update as you promised before
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Zuiko407. I have cheap stuff for you. Please refer above....posted by Steven83 drool.gif

This post has been edited by soules83: Jun 21 2013, 04:58 PM
soules83
post Jul 2 2013, 01:18 AM

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QUOTE(AmayaBumibuyer @ Jul 1 2013, 07:40 PM)
Excuse me. this is real life experience based on real life events. If you want to make sweeping statements like that then..

Another DDD camper who just can't accept that he has missed the boat and fantasized about catching the boat.

"All prices are goin up and not just properties"

Go and see for yourself la the salary of people working in banks. You think i just say for the sake of saying? And bank get huge bonuses. People in Bnk Citizen (translate to English) average bonus can be in the range of more than 5 mnths. I know. This is not a fantasy.
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Men...I'm in the wrong field then cry.gif electronics manufacturing increment and bonus are so lame nowadays....

This post has been edited by soules83: Jul 2 2013, 01:19 AM
soules83
post Jul 2 2013, 06:02 PM

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QUOTE(AmayaBumibuyer @ Jul 2 2013, 12:08 PM)
Well. Another experience of mine.

2 years ago, i wanted my brother to purchase the same apartment that i got. The he said, "my salary so low so i cant afford"

I ask him "how much is ur salary?". He said "2k only"

I said "what the fck! Uve been there for 3 yrs and salary still2k! Give me your CV"

I took his resume and gave it to the the IT department in my bank. I am very buddy buddy to that department although i m at diffrnt aprtmnt. A week after that he went for interview and got offered 3k. Then his old company tried to keep him and at the same time increase all the IT staff that has salary of less than 3k (which was mostly 2k range) to near the 3k range. The old company realized that if they dont do this, they will lose all their staff. He then thought about still staying at the old company. Then i said " IF you do that i will kill you!" Coz of all that i did for him, asking the IT head to offer him the job, now he doesnt want to accept!
Anyway he did jumped to my bank. A year after that got increment to 4k, and he hasnt been promoted yet. Just the lowest grade exec in d bank.

But now, the problem is the apartment and house are expensive in KL. But he is trying for PRIMA. I wish him the best. But location is definitely not gonna be good as what i bought.

Wages in malaysia are increasing, thats what I see. But need to remind everybody the poor people in Malaysia is increasing too. But then properties are not for the poor. And rich and poor gap in Malaysia are widening though.

I believe people here at low yat forum are too successful and rich that they dont see and experience on what i am seeing all over me with my everyday layman people that i know on the street. And my frens still think i am weird that i dont hav a car. Well I rather have 2 apartments than 1 car. I think they are weird wanting to buy a car but dont have a house. Girls ok, coz the guys should provide a place to live, but guys buying a car but dont have a house? I think that is a mistake.
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haiz...indeed. thats the greatest issue of all. The widened in rich and the poor....
soules83
post Jul 2 2013, 11:37 PM

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QUOTE(hlily @ Jul 2 2013, 07:09 PM)
I always feel is personal problem
To survive in this competitive market we should change our self
Accept the rules of the game
dont blame the market price goin high and higher
or government or some one else.
u wanto be rich change ur mindset and hardwork to be rich
find the way up learn from the best
ppl get rich to buy many property not overnite
so many scarifying issue has been taken into account in their life..

Eg. I got close fren work (employee) almost 16hours per day almost for every week. He earned more than ordinary worker after basic + O.T. + allowance + performance + bonus. Similar to 3 persons income he get every month. And he dump every hard money to property. and now he got properties after couple of years.  And he keep goin increase his portfolio. I m salute to him, if he had the chance to become boss one day i bliv he can strive higher.

So for ppl which opposite him may hav more negative thinking
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That is your personal view but not the general view including human rights. haiz....so everyone must work 16 hrs per day to be survive this competitive market. Great....here goes the family life. So, everyone must have no life in order to get a place to survive. This is horrible...

http://www.equalityhumanrights.com/human-r...man-rights-act/

This post has been edited by soules83: Jul 2 2013, 11:38 PM
soules83
post Jul 3 2013, 08:20 AM

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QUOTE(EddyLB @ Jul 3 2013, 08:07 AM)
Was puzzled why nobody talked about women yet  laugh.gif
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why talk about women? blink.gif
soules83
post Jul 3 2013, 02:10 PM

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QUOTE(Denis @ Jul 3 2013, 09:13 AM)
Make sense.

Work hard, no life.
Not work hard, no money and someone might says u r useless...

Haiz!
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Agree. nod.gif
soules83
post Jul 4 2013, 02:32 PM

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QUOTE(kh8668 @ Jul 4 2013, 02:19 PM)
more people would cut down expenses in somewhere to support for their rental/loan repayments. wink.gif
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hmmm...true but at the same time those who are not in loan will avoid buying property as well which happening in Singapore and HK? Just based on myself as customer point of view.

This post has been edited by soules83: Jul 4 2013, 02:32 PM
soules83
post Jul 4 2013, 02:34 PM

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QUOTE(tikaram @ Jul 4 2013, 02:30 PM)
On an individual household basis, BNM’s Credit Counselling and Debt Management Agency (AKPK)’s industry recommends that Debt Repayment Ratio be between 30% and 40%. In 2012, Malaysia’s Debt Payment Ratio was at 43.9%.

maybe they will not pay maintenance fees....

indah water already not payment now... so future, can not cut down
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Speaking of maintenance fee.....I hate those who don't pay the maintenance fee...look at my apartment lift. Spoiled for months and still not repair. Happy climb for them, lucky mine wasn't that high floor hahaha...
soules83
post Jul 4 2013, 03:20 PM

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QUOTE(AmayaBumibuyer @ Jul 4 2013, 03:12 PM)
There is one argument that I always make with my friends, If the apartemnt is really expensive, that means it is a deterrant for dodgy people to live at your place. Meaning if your aparment is cheap, there will be these kind of people who wont pay these maintenance fees because hey, the only reason they bought the apartment is because it is cheap. But if the price of the apartment is high end price, you dont expect the tenant not to pay the maintenance fee right?

I hope there are no such owners at Amaya Maluri.
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Amaya Maluri = commercial title? Hmmm...I dunno. I just afraid of commercial title property.

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