Nov 12 2015, 10:22 PM
QUOTE(euloy @ Nov 10 2015, 07:39 AM)
The price of new property wil not come down for the fact the that price of raw material is going up. But, i believe that the price will not increase significantly because no one can aford to buy. In order to gain more potential buyer, developer is building smaller and smaller units. This smaller units are from 300plus sft to 600 plus sft studio type room. They are suitable for people who is single but definitely not suitable for anyone who wish to live with a family of 3 to 4. This is when they will start considering Desa Sentul. 
Another gòod thing about desa sentul is that it is near the center of KL. This means is easier to rent out to anyone who work in KL. You need to make sure someone pay for the loan for you while waiting for the price to goes up before you take your profit right?
So will price drop for older property? Even if it will drop, i dont think it will drop significantly.. 10%? 20%? Dont dream that it will drop 50%! Even it drops 20%, do you think the owner will sell at 20% cheaper if they have no financial prob? If I managed to find a tenant, I wont bother about the price drop. I will hold the property for abother 5 to 10 years. By that time, you can imagine how exp our property can be. A price increase of 5 % per year is 50% more exp after 10 years and if price increase 10% per year, it will be 100% after 10 years. I give you one example, if Mr A owns a condo where he has settled full payment in less than 5 or 10 years. Will he sell his condo 20% cheaper compared to market price? If he has no financial prob and he has a tenant paying him rental every month.
Although we always heard many people saying that they cant afford to buy property but there are still many rich guy out there who is still looking to buy more property for investment. Is just that you dont know them and they are not telling everybody they are rich and owns so many property. Market crash or slow does not create any impact to this people.
Yea.. you are correct the property price will not drop significant maybe now the market price per sqf is Rm600 , during economy down around Rm570-580 depending how serious the economy situation in Malaysia.Another gòod thing about desa sentul is that it is near the center of KL. This means is easier to rent out to anyone who work in KL. You need to make sure someone pay for the loan for you while waiting for the price to goes up before you take your profit right?
So will price drop for older property? Even if it will drop, i dont think it will drop significantly.. 10%? 20%? Dont dream that it will drop 50%! Even it drops 20%, do you think the owner will sell at 20% cheaper if they have no financial prob? If I managed to find a tenant, I wont bother about the price drop. I will hold the property for abother 5 to 10 years. By that time, you can imagine how exp our property can be. A price increase of 5 % per year is 50% more exp after 10 years and if price increase 10% per year, it will be 100% after 10 years. I give you one example, if Mr A owns a condo where he has settled full payment in less than 5 or 10 years. Will he sell his condo 20% cheaper compared to market price? If he has no financial prob and he has a tenant paying him rental every month.
Although we always heard many people saying that they cant afford to buy property but there are still many rich guy out there who is still looking to buy more property for investment. Is just that you dont know them and they are not telling everybody they are rich and owns so many property. Market crash or slow does not create any impact to this people.
You are correct that people may not sell their property if economy is bad but the problem is not much potential buyers in this market maybe other issues like living standard increase,toll rate increase, foods or other but salary remain the same.. These few days majority the market share price dropping... How these peoples can survive if work with the organisation?if become a boss then fine. If let say unemployment and that time no body hiring ppl? This century is unlike last time. Degree holders or professional like Acca, IR,profesor and other type of peoples are a lot,
No matter how bad the economy like last time(1970-2000), the employers still need them since these candidates are less and not much degree holders during 1970-1990. Now? What wrong?Degree holders fully of flood in KL. What will happen to Boss concept is like that. Hiring somebody can perform better and with low pay scheme.. Even now fresh students come out work for 3 or 4 years also hard to buy a house unless rumah mampu milik(Rumah Wip)
A fresh student with Rm2.8k (consider average)
After deducted Epf and socso, the net would around Rm2450
Monthly expenses:
1) PTPTN -The biggest issue is PTPTN, you know what will our govt do if dont pay. (RM350)
2)Petrol (Rm300)
3)Necessity(foods etc) ( Rm10 x26=Rm260)exclude dinner
4)parent allowance(Rm300) depend on you whether pay on you pay or dont pay.
5)entertainment(Rm400) weekend-8days
Total monthly expenses:Rm1350
Net: Rm2450-1350=Rm1100
How to pay monthly installment housing loan?
If let property in KL RM420k after rebate everything until no need to pay the 10% during spa time.
Borrow Rm420k from bank and monthly installment pay approximately Rm2100 for 35 yrs.
My major concern is how these fresh graduate students or those who work for more than 3 or 4 to buy with this price? Majority potential buyers will around age 30-45 in this market.
I work in a developer company. Most of them loan rejected because of their spending power is too narrow or commitment is high or some even signed their spa then after 2 yrs withdrew their purchase due to the failed to pay first 20% money after when they have promised to borrow 80% from bank. All of their money forfeited by developer. The worst case got 1 buyer purchased 2 or 3 units then their boss fired him. What he paid to developer all have gone around 50k.. im not lie. . Im telling the truth and not creating story..
It is good if able to pay the loan if cant then wanna sell in market but supply more than demand during economy down. That time what the purchasers have invested will gone. Bank will take over the borrowers property due to failing to pay existing loans.
I have bought a condo in jalan ipoh and i have rent it out for more than 4 or 5 yrs . Im not even to think to increase their rental fee. They might move away and look for cheaper rental.
So if buy for own stay in this project around rm500k consider cheaper since it is near to klcc or some other points.
If buy for investment. It is not a good idea. Cant even cover ur loan if rent it out.
Even i also waiting for Sentul village phrase 2. =)
This post has been edited by Endless_tale: Nov 12 2015, 10:41 PM
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