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 V12 - Property prices discussion, For non "UUU" and "DDD" campers only...

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EddyLB
post Jul 19 2013, 03:22 PM

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QUOTE(debbieyss @ Jul 19 2013, 02:48 PM)
I just wonder should I opt for aution units instead. The price is much cheaper...
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The price you see is only the reserve price before bidding.

Auction property is "as is". Riskier than normal listed properties where you can inspect. Some are tenanted which dont want to vacate the house. See your luck whether you can get good transaction or not
EddyLB
post Jul 21 2013, 08:40 AM

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QUOTE(accetera @ Jul 20 2013, 10:18 PM)
I was not in the queue, but as mentioned in the thread, many people including myself would just trust YTL. Just that... is like buying branded goods.

Right or wrong, it is just YTL. And as mentioned and coincidentally, I saw their presentation before about the future Sentul and was quite impressed.

YTL properties are way beyond my affordability so just passed on...
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One of the factors is these people has the confidence of a brand that made them money in the past. YTL has created a group of fans

Another factor is that each area be it high income area or low income area, there are some rich people living there who need a better home. While they stayed there all their life, they do not wish to move to unfamiliar area like KLCC or Mont Kiara

In Sg buloh we have Valencia/Sierramas. Klang/Shah Alam we have Setia Alam/Bkt Tinggi. Segambut Dalam we have Mon't Kiara. Kepong we have Desa Park City. So may be Sentul people need some projects like YTL
EddyLB
post Aug 1 2013, 06:21 PM

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QUOTE(AmayaBumibuyer @ Aug 1 2013, 06:09 PM)
Well doesnt matter, if you want to use history as part of our analysis to say which is better, stocks are more riskier than properties. History says so.

Then if you want to say that properties are different nowadays where it is an investment tool or whatnot and want to use US as a guide or comparison then US drop its interest rates to 0.25%.

And i believe that everybody who bought fennel are mostly 90% for own use and not for investment, i mean everybody here will agree even the upside camp, that fennel is too expensive to give any return.
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For Fennel, capital outlay RM100k. 4.5 years later sell RM1.1m. Profit RM300k / 300%. Over 4.5 years = 60+% per year laugh.gif

Any blue chip can give return of 60+% per year ?

Any blue chip invest RM100k, can make capital gain RM300k ?

This post has been edited by EddyLB: Aug 1 2013, 06:24 PM
EddyLB
post Aug 1 2013, 06:27 PM

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QUOTE(kidmad @ Aug 1 2013, 06:23 PM)
u not sure yet whether ada org mau beli or not. for RM1.1m you will have many other options man... would rather invest 3 double storey in NILAI than to have a single condo in Sentul leh.
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That's the questions asked by the DDD camp. Will the market keep going up ?

If like last few years, then RM1.1m no problem to sell

If stagnant, then sell at RM850k. Take back capital. Worth the risk or not ? laugh.gif
EddyLB
post Aug 2 2013, 12:11 PM

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QUOTE(Nepo @ Aug 2 2013, 08:15 AM)
It depends on timing.

Let's recall:-
In Year 2008, Padini @ RM0.28 per share (share split+Bonus issues)
Five years later (1/8/2013) Padini @ RM 1.77

Return= 1.77-0.29/5 years = 100% p.a.
ICap biz a close ended company bought Padini 22,700,000 shares (include shares split + Bonus issues) @ 0.28 in Year 2008 and hold until Year 2012 (not sure whether sell in Year 2013)
Who is the rich?
The rich is the one:-
1). Ability to select right stocks/properties/investment
2). Correct timing
3). Availability of capital
4). Luck

For normal persons who like to become rich, the first to do is to accumulate his capital.
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Compare to property market, those who bought in 2008, 99% would have made 200%-300% margin, very easily. Don't need to pick and choose, simply taruk also win.

But the same cannot be said in 2013, I admit. So do the stock market.

It is the choice of an investor who favour stock or property. I favour more to property, and less to stock. Not saying stock is not good, it give good returns too. But property has made way way more money than stock for me. Maybe I am unlucky to pick some stocks which didn't move as much. For one, I didn't pick Padini cry.gif
EddyLB
post Aug 2 2013, 02:51 PM

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QUOTE(kidmad @ Aug 2 2013, 01:39 PM)
bro those invested in gold.... by now already lau sai...
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laugh.gif

Depends on timing. If went in only in end 2011, and not out by now, sure lau sai

I have some % in gold. Although my average price over 20-30 years is low, but in % return wise, no fight with property and stock market. I think gold return is only on par with FD rate.
EddyLB
post Aug 2 2013, 02:56 PM

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QUOTE(kochin @ Aug 2 2013, 02:35 PM)
good sharing.
let's take a look at property as an example.
the zest.
launch circa 2008/2009.
launch price approx RM200psf.
say 1100sf apt at RM240k.
DP = RM24k
fast forward to now circa RM460psf. So approx RM506k.
take gross profit = approx rm266k / RM24k (vested capital)
1108% over 5 years
= 222% p.a.

not sure whether the above calculation is right or not.
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thumbup.gif

But chance of a lifetime of property boom may not happen again. Slow appreciation more likely in future, but doubling of value in short 5 years very hard already
EddyLB
post Aug 2 2013, 03:07 PM

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QUOTE(AmayaBumibuyer @ Aug 2 2013, 02:42 PM)
Yes, that is what i meant by somebody who invest in stocks and properties, i heard that they gain on both portfolios, or like you where gain on property only but no gain on stocks. I never heard of somebody who invests in both portfolio where he gain from stocks but dont gain anything from property. Never heard of such thing happen to anybody.

Then if the doomsday prophecy from the down camp comes true, u are screwed either in stocks or properties i guess, but stocks will hurt much more.
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My stock gave decent returns actually. How not to gain some money when index went up to as high as 1800 ? laugh.gif Even now 1700+ is just a notch from historical high, so those very much into stock are still bullish. As compare to property market now it start to become bearish. So I can understand those compare stock vs property has some preference to stock now

Yea in malaysian context, stock did fall from 1200 to 600 points from July - Dec 1997, and further down to 200+. But property market I did not hear a 50% price fall in short 1/2 year. In terms of risk, stock is higher than property, based on history of this country. Property is very steady in comparison

This post has been edited by EddyLB: Aug 2 2013, 03:28 PM
EddyLB
post Aug 2 2013, 03:09 PM

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QUOTE(Rooney1985 @ Aug 2 2013, 02:54 PM)
More like chiak sai...  tongue.gif
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Agree laugh.gif Cannot see direction. No fun in gold....
EddyLB
post Aug 5 2013, 12:32 AM

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QUOTE(hondaracer @ Aug 4 2013, 07:57 AM)
Bro, thanks for sharing.... 🔮🔮🔮

Going forward with BNM concern on debt and property market cooling on BNM measures:

With the recent Fitch rating on bolehland and weakening MYR, what is the impact on the share market, given that our share market is at alltime high? Can buy counter with foreign export to USD??

What is the best investment strategy for the short term and 3-5 years?

Anybody??
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IMHO, if you think that the interest rate will increase, then property market will be adversely affected. It is the extent of the increase which will determine the degree of the property market downturn.

As for stock market, if the market collapse, every company will be affected, foreign export company included. Even companies which export to aliens in neptune will not be spared. Maybe the recovery for these companies will be faster.

What is the best strategy ? Nobody has the answer. If you opt to be conservative, then stay liquid in a basket of currencies thumbup.gif

This post has been edited by EddyLB: Aug 5 2013, 12:34 AM
EddyLB
post Aug 12 2013, 03:12 PM

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QUOTE(doremon4 @ Aug 12 2013, 12:27 PM)
You should understand that people are buying cars to evade tax in business, but you can't do that in property. In business tax, car is a depreciating asset and accounts for business cost spread across 3-5 years. Property is a fixed asset in your balance sheet which does not depreciate, so , not deductible for taxes. In other words, if this year your business makes a lot of money, let's say 1 mil profit, you tax should be around 250K. instead, you might decide to buy a 500K car, spread the cost across 5 years, (100K each year), and you save 25% off the car you purchased. That's a lot of money and perceived value. People will think you own a 500K car but in fact, it just cost 375K and it is out of company expenses. You can't do that with property and the worse part is LHDN might come after you after some time if you property appreciates and you have to record that in account as paper gain which is taxable profit.
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Bro, I wish you were right. But for cars above RM150k, the depreciation you can claim is capped at RM50k only cry.gif

On the other hand, For property which is industrial building to derive your business income, then you can claim Industrial Building Allowance (full amount over 30 years if not wrong)

Income tax people no stupid..... mad.gif
EddyLB
post Aug 14 2013, 12:41 PM

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QUOTE(cockee @ Aug 14 2013, 12:02 PM)
It is important to look at things in its context.

Property in Malaysia boomed in the past few years. No doubt.
Anyone who purchased anything back in 2008-early 2010 made quick and abnormal profits. We acknowledge.
But economy is dynamic. Strategies that worked 2 years ago might, or not, work now or next year.
When someone are pointing out signs of bubble and its probability of bursting, they are merely interpreting the available data. If you dont understand the info, data and graph, just go learn instead of argue. Even if you understand, doesnt mean u have to agree.
More importantly, not all those pointed to signs of bubble are those who can't afford a home or missed the boat.

From personal experience, I made good money in the past few years from property. But I know economy dynamics will change, thus I balanced my investment portfolio by selling some properties early this year. Yea, that put me in DDD camp.

The way I see it, there is a time for wealth protection, and there is a time for wealth accumulation. My view is 2009-2012 was a period for wealth accumulation from property. From 2013-2018, the game is about wealth protection.
It's like u've won RM30k at the roullete table in the first 15 games. So you're thinking.. "Shud I go on, since I'm on a roll here?"
Some will say "Yes" if they want to accumulate more wealth. Some will say "No" to protect their wealth.

For now, I think there is more compelling reasons to be cautious than to continue. Maybe i can make this choice because my path to more wealth is not limited to properties.

Just my 5cents.
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Good summary thumbup.gif

I think those who argue emotionally in the past 2-3 pages are those who are lack of confidence of their own action. Those UUU camp wants some confirmation that market will not collapse. They are afraid because the stake is high. Those DDD camp on the other hand wants some consolation that their inaction in the past few years is a wise decision because the market is going to crash

If a person is confident (like cockee), he does not need to die die must "win" a debate. He will just present his points and listen to others. That person will say "If you don't listen to me, you are going to suffer !". That is called self confidence icon_rolleyes.gif
EddyLB
post Aug 15 2013, 03:48 PM

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QUOTE(AppreciativeMan @ Aug 15 2013, 01:04 PM)
Btw EddyLB...... Would u like to change your earlier comment on him??  tongue.gif
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Errr......what I wanted to ask is......Don't you guys need to cari makan ? Everyday also can be so free ? Me really jelly..... laugh.gif laugh.gif

I think this thread is more like kopitiam thread. I should join in the fun whenever I don't need to cari makan rclxms.gif

Anyway, my honest opinion, we may hear noise from 1km, but it won't be loud unless it was the stadium crowd erupted after a goal. Maybe it is the low bass which some people with sensitive ears cannot tahan. Whereas some people can sleep next to the roadside with bus honking. So, all depends on individual lah.

This post has been edited by EddyLB: Aug 15 2013, 03:52 PM
EddyLB
post Aug 15 2013, 04:07 PM

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QUOTE(AmayaBumibuyer @ Aug 15 2013, 04:05 PM)
the secret of multi tasking...
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My processor only 1 core. Yours all 4 core laugh.gif
EddyLB
post Aug 17 2013, 08:49 AM

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I notice the last few weeks, got some fella go to the FD thread and question the low return. Then got another fella go to the unit trust thread and question UT has lower return than property. Now we have another fella here question property if don't appreciate for 5 years then FD is better.

Why don't people give benefit of doubt to others they know how to invest ?

There must be people who go to motorcycle enthusiast forum and compare the safety of motorbike against cars doh.gif
EddyLB
post Aug 17 2013, 09:21 AM

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QUOTE(AmayaBumibuyer @ Aug 17 2013, 09:10 AM)
Yes FD can compare to property, but not necesarily better and in my opinion, property investment is better than FD.
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Anything also can compare. But ultimately it is individual's choice. When people love to ride a bike, and share about their interest in a forum, why should we spoil their discussion by saying bike is more dangerous than car ? He thinks that people has not heard of a vehicle called car ?
EddyLB
post Aug 21 2013, 02:20 AM

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QUOTE(lucerne @ Aug 21 2013, 01:10 AM)
i've sold my low cost apartments and concentrate only the higher rental prop. found troublesome to collect rental less than 1k..
but still hold more than 20 prop. so far all tenants bank in their rents into my bank account every month.
most of my prop is at good location (matured areas) so tenancy are not a big problem to me.
i think will sell some resi in future and eventually focus only commercial eg shops , factory (found easier to manage) + some landed
sometime feel a bit sayang to sell those prop which give good stable rental esp those landed prop. (cant get back the same if sold)
many of my prop hv already settled bank loan. (thks to the tenants who help me to pay installment for many years esp when i start invest in prop)

i am not worried if prop price drop tomo as my entry price is low.
in fact i still continue to buy new prop (eg shops) as i still hv many older prop as buffer

i still strongly believe prop price will continue to up in long run and our money will further depreciate due to inflation/ new lifestyle/never ending desires etc
prop (esp freehold landed, shops ) is one of the best tool to preserve as well as increase wealth..
maybe 30 years later we need mil rm (like rupiah) to buy a plate of chicken rice..
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Hi TKTT, impressed with your portfolio. Do you mind sharing how you do your tax planning on your rental income ? Always eager to learn from people with many properties. Maybe we can compare notes and save more tax notworthy.gif notworthy.gif
EddyLB
post Aug 21 2013, 05:09 PM

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QUOTE(zuiko407 @ Aug 21 2013, 03:20 PM)
Oh I see, can buy for own stay! But u said here u buy, there u thinking to buy! Kajang u but, sentul u buy, PJ u also wanna buy! All for own stay??? U stay in kajang on Monday, stay in sentul on Tuesday, Wednesday in pj???
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laugh.gif laugh.gif
EddyLB
post Aug 21 2013, 08:46 PM

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QUOTE(kidmad @ Aug 21 2013, 07:29 PM)
kepada boss boss and taukeh taukeh sekalian.. should i cancel my fixed deposit.. take all the money out and buy US dollar? i very takut now.. keeps falling our currency.. damn it.. i change thai bath last month.. rm1k can only get me 9.4k++ bath.. sakit nyer.... use to be 10.2k bath last time.
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Do consider keep some gold laugh.gif Or buy SG or USA stock. Or overseas property. Or foreign currency FD (or DCI if >RM250k). These are some of the investment you can try if you think RM will keep depreciating
EddyLB
post Aug 22 2013, 12:14 PM

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QUOTE(AppreciativeMan @ Aug 22 2013, 11:05 AM)
laugh.gif  laugh.gif  laugh.gif
Really remind me childhood time, kids use to say, "I don't friend u already"..... Didn't expect a self claimed retired elderly adult keep saying, "I ignore u already", "I finished u".........
Poor man...... Must hav missed lots of childhood fun..... Now then picking up those fun.........  laugh.gif  laugh.gif  laugh.gif
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laugh.gif laugh.gif laugh.gif

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