Malaysians very cash rich one... no dibs ok one ... low bank valuation ok one ... rpgt? just sell higher .. ok one..

Hahah.. Lu eh hokkien beh pai pun.
Not all penangites are loaded le.. Take me as an example. Hahah..
I can only afford an apartment unit in Penang.
But looking at the market now, a lot of foreigners are tapping into Penang properties. Eventhough the govt have put a restriction on min of 1 mil for foreigners to purchase property, still not stopping them. RM 1 mil for them is sup sup sui...
Oh ya, you'll be surprised to know there are lots of Singaporeans and Japanese property owners in Penang.

This is exactly what was happening before DIBS Ban. Many are still doing this today as they just follow the old model without realizing the effects of new games rules.

Really ah?

Good lah...I go reload bullet first...start whacking come 2015, 2016....

1 million property.. if high rise u are aiming mont kiara.. puchong high end klcc areas di.. and many more not listed..
come on 100k downpayment.. plus the others colum which I tink is the s&p ,loan, stamp duty for both loan and s&p.. rm 130k..

to invest.. these are rich ppl but at then end they are targeting the midfle class of which household income not more than 10k .. open your eyes big how many ppl reach the 10k bracket and above.. even they have.. childten.. car.. insurance.. good.. phone and other necessities.. how to secure ur loan..

these investors cant be targetting ppl with earning more than them or same.. this does not make any sense..

Like our friend highlighted the low occupancy reli cause lot of problems.. unpaid management fees which will affect the other house owners who wish to stay.. friend of mine bought condo 550k just after phonix toll suffering now with limited lifts in operational.. flimsy touch card system limited guard.. bangla reduced bangla without working permits and etc.. this apply everywhere

another classic case also friend of mine bank officer can get loan without interest bought service apartment in iskandar johor for 380k 580 swuare feet locatefhighly nearby students area.. depending on salaries around 2.5 k plus commission around 3k .. bought together with his gf.. planning to flip it and sell it of vourse to singaporean for 500k and above... sadly..now 1 million.. have to sell to locals.. joheareans wont buy it at 500k .. now in deep trouble.. then cash advance and paid of the loan.. month by month meet statement and etc.. haizzz u see

I have photos of bukit beruntung abanfoned shops which cost rm 130k 4 floot.. who say rawang coming up..

my 2 cents

1 million property.. if high rise u are aiming mont kiara.. puchong high end klcc areas di.. and many more not listed..
come on 100k downpayment.. plus the others colum which I tink is the s&p ,loan, stamp duty for both loan and s&p.. rm 130k..

to invest.. these are rich ppl but at then end they are targeting the midfle class of which household income not more than 10k .. open your eyes big how many ppl reach the 10k bracket and above.. even they have.. childten.. car.. insurance.. good.. phone and other necessities.. how to secure ur loan..

these investors cant be targetting ppl with earning more than them or same.. this does not make any sense..

Like our friend highlighted the low occupancy reli cause lot of problems.. unpaid management fees which will affect the other house owners who wish to stay.. friend of mine bought condo 550k just after phonix toll suffering now with limited lifts in operational.. flimsy touch card system limited guard.. bangla reduced bangla without working permits and etc.. this apply everywhere

another classic case also friend of mine bank officer can get loan without interest bought service apartment in iskandar johor for 380k 580 swuare feet locatefhighly nearby students area.. depending on salaries around 2.5 k plus commission around 3k .. bought together with his gf.. planning to flip it and sell it of vourse to singaporean for 500k and above... sadly..now 1 million.. have to sell to locals.. joheareans wont buy it at 500k .. now in deep trouble.. then cash advance and paid of the loan.. month by month meet statement and etc.. haizzz u see

I have photos of bukit beruntung abanfoned shops which cost rm 130k 4 floot.. who say rawang coming up..

my 2 cents

Aiyah. normal lah when people untung sure heboh2, when rugi diam diam loh.

But there are really lot's of loaded Malaysian arround, don't ask me their source of income lah.

Seems like a lot of people will be hit by johor scheme.

According to JPPH, as of 2013 Q3;

Number of service apartment, condo/apartment in JB area;
In stock: 28,178 unit
In supply include under construction: 29,186
Planned (i.e. approved): 22,478

It took over 20 years to build up the current stock level of 28,178 unit and it is going to take less than 7 years to add 180%

is this under construction or completed project? I assume it is completed since he needs to pay the monthly installment.

never think of selling lower or rent it out? atleast better than bleeding cash every month.

lol thats a funny statement, and one of the most frequently used argument to justify the price hike.

No dibs.. completing soon..thought bout rental.. but so far from kl my friend stay work family all in kl.. but then again rental also tak laku... but if bangla.. indon mb laku at low rental lu

furthermore iskandar there.. my friend inform othet development after 1 million bar hit...some developer offering buy 1 free 1.. if I not mistaken unconfirmed source

iskandar slaughter many ppl after government cooling measures good move..

I am not referencing to the whole Kota Kemuning.
only a new neighborhood, i think is call Damai Residence.

It also happens one of my property in Ken Rimba, Shah Alam, after 1 year VP, occupancy is only 20%-30%, i think, but many will move in beginning of next year because many units sold via subsale so far.
but I believe still another big portion has no intention to sell/ rent, but doing nothing so far..

With all those small apartment/ SOVO/ SOVO flourishing into the market, it is really interesting to see 2-3 year later, how market can absorb on such huge supply.

But for other type of property is different. i.e landed and proper condo (with decent size) being subsale or completed new.
I have seen many buyers are mean for own stay and some also got support from family to come out with the down payment. Thus this group of people will hardly facing auction issue as they wanted to be their house.

Even for those mean for investment (long term) or flippers, as least you can see the supply has been diminishing these few year, so in event of fire sale, impact will be lesser as there will be a taker and price correction may not be as great as those SOHO/ small apartment type..

it is not logical anymore.. high rise which is obviously oversupply and if they cant sell it for half a million and above planning to rent the said property out for 2k-2.5 k so that can cover their loans.. u tell me ppl if really fork out that 2k-2.5 k why not they just purchase it so that they are paying something which they will be owing rather than to ease these flippers...

shop houses now 4 storey lately was a hit selling at RM2M by developers and then 5 M of course by high end flippers come one.. even with 2 M how much are u guys servicing the loan easily 9K pe rmonth.. of course again u will plan to rent it out at least 10k-15 k.

what kind of business you are operating haizzz.. most of the time even in mature area like puchong, shamelin, maluri, taman miharja, Klcc areas, plaza pekeliling and many unlisted needless to say.. only the ground floor is being occupied the 2, 3 4 floors are vacant.. arent you making loss if the are vacant.. the promises and targets propounded by developers and agents are mere tactics to hold you in to purchase the properties.. they themselves also don want to buy haizzz

shopping malls as well cant u guys survey so many shopping malls in KL viva mall, cheras central, 1 shamelin, southgate, spark desa petaling, carrefour, tesco midah, jusco malauri, leisuremall, jusco bandar mahkota, jusco cheras selatan (both of less that 5 kilometers away), mines, one south, and many more all also no tenant/shops open one go and see.. i still havent include the shopping malls inside Kl.. haizz where got good economy survey oversupply mannn

The weakness in such shop-offices is the design that require customers to climb up and down the staircase. The developer should design for a few common lifts at the spacious lobby and common corridors at each floor leading to individual units. This ease access for customers and tenancy rate in the building. The other very odd design is lack of rubbish chute for high-rise.

bearbear,
You really live up to your nickname. Very bearish

Aww...a "Happy" New Year to you too...

Realistic assessment. However for people with vested interest, will have their vision only on positive outcome even if unrealistic.

In fact speculation (gambling) is most common on properties below 1M. In general there isn't too significant price increase for those already expensive residential properties.

I am also wondering who will be the target tenant of these pigeon hole SOFO/SOHO/SOVO etc. Maybe airlines stewardess or pilot who don't spend too much time at home? Arab and African students?

Rental wise anything above RM1500 is gonna be tough, so must do the math what is the reasonable entry price.

Anyway, Merry Xmas I wish both bulls and bears joy and prosperity.