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Investment MOVE TO COOL OFF PROPERTY INDUSTRY COULD BACKFIRE, None of the Asian countries had success
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Mikken
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 Aug 11 2013, 11:21 PM
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QUOTE(AVFAN @ Aug 11 2013, 07:40 PM) tat's precisely why the quota and discount thing is not working for the masses, only benefit a minority popn segment. dun ever think there r no poor chinese or no rich bumis la... no discount, just raise rpgt - fair n square for rakyat, good for gomen to get revenue, plow it back somewhere like infra. that's the answer la. why apply gst to tax the poor while the rich fellas keep gorenging? RPGT higher is not the solution. There are many ways to go around a higher tax imposed. Oops better keep my mouth shut |
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Mikken
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Aug 12 2013, 11:48 AM
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QUOTE(Minolta @ Aug 12 2013, 11:19 AM) I was reading that in Hong Kong, where the new condo price is about RM10000/sf, the government is gonna create about 50,000 new homes....over a 10 year period! Malaysia 100,000 new homes in a year! With maybe 1/2 of that in Klang Valley. Population numbers and economy comparison asides, if I were a betting man, its obvious where to buy should one have the money...... Based on World Bank's data - the population growth in HK and Malaysia from 2010 to 2020. HK: 2010: 7.068 mil 2020: 7.75 mil Malaysia: 2010: 28.4 mil 2020: 32.97 mil HK population growth of 682k vs Malaysia growth of 4.57 mil. HK's planned supply of 450k within the next 10 years already take into account most of the population growth (assuming 2-3 people per household). Pls read the link below - the projected supply is 450k over the next 10 year and not 50k. http://www.scmp.com/business/article/12774...ge-rates-double http://www.news.gov.hk/en/categories/infra...20_134804.shtmlThis post has been edited by Mikken: Aug 12 2013, 11:52 AM |
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Mikken
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Sep 9 2013, 02:05 PM
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QUOTE(AmayaBumibuyer @ Sep 9 2013, 02:58 PM) This was what I have been trying to say from the start when I entered Low Yat forum...I said dont buy a car at all. Buy property first and worry about how you will want to go anywhere later....and can always buy a motorcycle. Car is the basic necessity for any youngsters starting to work unless you can rent/buy properties near to LRT and your working place is near to train stations too. Even if you take LRT and rent a room, it can be quite dangerous also as many snatch thief cases happened while walking back to the rented place. In this aspect of ensuring safety and ease of access to public transport, the 50 plus years government had failed us. Kudos for them for building LRT extension and MRT, but it is 10 or 15 years behind schedule really. Not safe riding a motorbike though. Guys can ride but how many working office ladies ride motor to work? |
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Mikken
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Sep 9 2013, 02:12 PM
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QUOTE(robertchoo @ Sep 9 2013, 03:06 PM) Same advise. Rent until you can afford to buy. Buying a property is not a necessity. One can always rent Actually, Asians are really peer pressured in buying properties. Most of the Chinese couple I know will buy a property b4 tying the knot. Only seen one or two couples renting - instant marriage cases. Yeah, with rental still affordable in Malaysia compared to buying, agree with you. Back 4 or 5 years ago when condominiums were really affordable, couples should just buy. But now, just buy according to your capacity. Give a few examples: Rent - RM1,400 - RM1,500 Instalment + maintenance if buying own unit: RM2,400. Don't forget all the yearly assessment fee. Better put the extra of close to 1k in other types of investment I think. |
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Mikken
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Sep 9 2013, 02:19 PM
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QUOTE(Rooney1985 @ Sep 9 2013, 03:08 PM) Another option, move to SG and enjoy the good access to transport. Work SG buy KL. |
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