Hmmm I get what u mean....so ur friends taking dibs?

In my workplace, I see many people owning 5 - 7 properties each. One gal has 15..each of them only stay in 1 hse. The other properties r purely 4 speculation purpose..

Wow Restful Boss, you are surrounded by investors ppl. Perhaps u are working in a financial sector. Solute! Guess u are with a handful of properties too ... :-)

Wow are you the first or the lousiest?

Invested in many properties does not mean speculator mar, it can be for investment to get rental income.

Also in order for u to get 15 properties, u need to have good income to get the loan.

My boss also got 10 properties, he took years to accumulate.

I assume ure a banker or a property agent then? Wah,should ask u intro the rich gal with the 15 props den,probably can retire d.hahaha

Wow your gal got 15 props .. but she still need to work ahhh?
Your workplace power leh.. own 5-7 props ..
U also own 5-7 ekocheras?Geng...
rest kor u got hear anything from your Joe Wong head of sales n marketing or her assistant ms.yeong or not about ekocheras future plan?

Block N when launch ?
Now price so high . To breach next level is hard if block E still got left over .

Worst still after vped block N still have units left over

My wk place friends were in this property investment game starting almost 10 years ago. Prices of property were relatively much cheaper as compared to today. Furthermore no more bnm cap of LTV of 70%. So can borrow upto 90% for even ur 6th property. Rental yields were much better n u get positive cashflow for most of ur investment deals. Today with high property prices cashflow is going negative causing many people to speculate instead of investing coz holding long term will cause a drain on cashflow.

When negative cashflow fr holding properties become a burden, the investor will need tp offload quicker, hence speculation become more rife. If u look at all the investment into recent launches ie sunway velocity, a 850sqft 2 bedder fetches price of min rm950k on low floors n higher floors bridge the rm1.0m mark, can ur rental ever cover the instalment. No way!! So if the investor holds several of such units his cashflow will be in the red perpetually. And yes even if an individual holds 10 properties he better hv a good day time job as he needs 2 produce his beautiful pay slip 4 banks to lend her money to invest in new purchases..

According to ms yeong, block N will probably b launched 1Q next yr. Could b end jan or feb 2014. I think they hv 2 clear their unsold stock in block E first, so it will b easier to push up price 4 block N.

Can I ask what you guys think of the effects of the budget and all those bans and such on this project?

Yesterday got something new again from BNM, net sales price against gross sales price when you apply loan. This definitely will burden up for those LTV70.

Picked from www.thestar.com.my for your reference...

http://www.thestar.com.my/Business/Busines...oan-growth.aspx

So how many dropped units will be there since there will be no dibs...

refer this, BNM followed Housing Department, Housing Department followed Budget announcement by PM .. it's for those coming projects that yet to get APDL (e.g. EcoSky) .. if they offer DIBS or something like that, they will Not get APDL .. nothing to do with those projects already with APDL:



This post has been edited by ecin: Nov 20 2013, 11:48 AM

How can she get the bank loan for 15 properties??

Hello Restful Boss, It seems that you have some source of info on the BLR moves in stages for the next 4 years. So, by the end of 2017, what would be the predicted BLR? Thanks

This post has been edited by Jagalat: Nov 20 2013, 03:30 PM

this will pose an even bigger impact than DIBS. not that many can fork out 10% or 30% of cash.

Anticipated increase in blr due to gst which will cause inflation. But each increase is 25bps. We r enjoying lowest housing loan rate historically. The rate will not drop any further but is set to increase going forward.

Agree.
Would you like to predict the BLR be the end of 2017?
This is the probably the VP time of ekocheras.