just in time to have everything settled within the year.
Property Investment Strategy, tricks n magic
Property Investment Strategy, tricks n magic
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Dec 26 2016, 12:09 AM
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#21
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3,904 posts Joined: Jul 2007 |
got VP for Hyve Cyberjaya back in Aug, and sold both units in oct and nov respectively for about 20% net profit each
just in time to have everything settled within the year. |
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Dec 26 2016, 12:03 PM
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#22
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QUOTE(Asali @ Dec 26 2016, 12:33 AM) i have nothing to worry QUOTE(heavensea @ Dec 26 2016, 09:04 AM) yup.QUOTE(David_77 @ Dec 26 2016, 10:53 AM) sure thing, do share the result yaThis post has been edited by lamode: Dec 26 2016, 12:04 PM |
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Dec 26 2016, 12:40 PM
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#23
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QUOTE(SKY 1809 @ Dec 26 2016, 12:31 PM) Well Done...brother .. not exactly man, shouldn't have purchase the prop last year, the expected completion time is 4 years or 2020 as SNP only signed mid this year, which is way too long One thing ..to get the timing always right is not so easy..and yet u make it right ... Some say Cash is King, and some say Cash ( RM ) is a fast depreciating king...it is a double edged sword ...if u are not careful... |
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Dec 26 2016, 12:58 PM
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#24
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QUOTE(SKY 1809 @ Dec 26 2016, 12:48 PM) Property investment can be planned as a hedging tool since Cash i.e rm depreciated 45% over last few years..and soon inflation would catch up ... for a pure investment point of view, not all prop are created equal Then comes the time when people are really panic of holding too much " toilet papers" aka CASH ..then property investment becomes Safe again. Inflation of up to 500% do happen in some parts of the world now..just google for it.. if inflation is 500% ..holding cash or property , which one is better |
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Dec 26 2016, 01:17 PM
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#25
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QUOTE(heavensea @ Dec 26 2016, 12:58 PM) 20% net profits, calculated by "what formula" ya? gross gain (the diff between purchase price and sell off price) minus expenses as tax, agents fees, bank interest & fees, legal fees, and misc.Cash parking inside financial vehicles is okay la, that's also cash depends on liquidity. Unlike property, very very very illiquid. Unless those money park inside flexi mortgage to offset interest. |
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Dec 26 2016, 09:26 PM
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#26
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QUOTE(Asali @ Dec 26 2016, 09:13 PM) Within 2 or 3 years sold two property or above LHDN will look for u albeit u paid RPGT. spot on about the tax. I anticipated the possibility, in fact I am more than happy if LHDN comes and look for me to put that as business tax instead of RPGT.Lot of flipper made big bucks in 1120 avenue. If not mistaken 1120 has DIBS scheme. Sold two unit Hype in CyberJaya. U must be 1st batch buyer. I think that time was selling around 170k to 200K. U bought Nidoz at 800K for each i believe you're not 1st batch buyer. And I am the very 1st batch buyer for Nidoz. QUOTE(LaBoost008 @ Dec 26 2016, 09:06 PM) Subsales is hard in ciberjaya, yet u still manage to sell with decent profit in this difficult market. Congrats. bought around 435 psf and sold around 595.Mind to share the original spa psf and subsales psf for hyve? This to judge how much psf buyer willing to pay for highrise in cyberjaya. |
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Dec 26 2016, 10:17 PM
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#27
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