QUOTE(Babizz @ Oct 31 2025, 10:48 PM)
December 2020.
Upfront costs of Belfield maybe RM20k so stock market 120% gain means RM44k in total
Belfield lets say type A about RM580k then sell about RM730k minus all the costs like interest agent fees etc should be RM50k in total which is on the high side so net net gain about RM100k.
Need to always calculate cash on cash return.
Maybe in this case it worked out because of some early-bird rebates or DIBS that brought the upfront cost down, but RM20k is still pretty low for a RM580k unit. Realistically you’re definitely incurring costs on both entry and exit — SPA/MOT, legal, loan settlement, agent fee, all that eats into your so-called gain.
Plus, you’re sitting on a big loan for years with zero liquidity and plenty of risk (delay, defects, interest, etc.). Using Belfield, which is a one-off success, to justify real estate investments as a generally profitable investment is just not true.
And it doesn't change the fact that property investment is lacklustre to simpler investments. You’d have done far better putting that borrowed money (at a smaller scale too instead of taking out half a million) into Nasdaq, Bitcoin, or whatever else fits your risk appetite, at least you can cash out in a click instead of chasing lawyers and agents.