LIKE!!!

Haiy my friend.. take dat all aside.. ask yourself.. will u buy a studio in kl for 600k for stay or investment.. for landed.. are u going to buy 750k outskirt say kajang.. for stay.. thereafter see d market in general can absord or not..

To say flippers allow people to find good units.... Thats gold!! :-D

In 2002 not many dare to enter the DPC as many claimed tat 400+k in kaptong is crazy. Fast forward to 2014 now. Regardless of the boom, I BTC so cant find a gd word to describe.

In 2002 what was the interest rate amd how easy was it to get loans though?

Thanks for the story. Below are my comments and questions. Please don't take offence. I will stop teasing you from now

I really dunno.. those good plans planned ahead often turn sour.. business when opening sure good (exp bubble tea business park in 300k to get franchise confirn rich one) ended up bancrupt 6 month .. those expecting increase bonus working class often got bad when it come.. those buying iskandar intending to flip.. now suffering..

these guys are irresponsible.. inflated the market just wash your hands and scoop off.. the younger generation will suffer when new prop price starts at 700k.. or worse..

sharing my own experience.. my gf father bought a DSL in penang for 750k industry areas batu maung.. from a flipper .. now that flipper say we made his day but the other poor flippers beside our unit... was rented to bangla.. haizz tell me flippers is it dat desperate.. and left with us installing guardrill like prison..

Your gf father bought a DSL and you are staying in it with their family despite not yet married?  If that is the case, I can probably understand the pressure you are feeling.

iskandar project however.. my friend good friend bought its project.. malaysian working in singapore.. my friend everyday in the morning rode a bike to cross singapore lining up at customs for clearance with het gf invested in iskandar for a better life to stop travelling across only to know dat their investment go down the drain and back to reliaty to work... when the govetnment raise d bar..to 1 million.. die in vain just like former china Deng Xiao Peng died before the handing over of Hong kong in 1997.. which he wanted to witness the ending of a colony ... now singaporeans want to purchase also cant .. they are barred by 1 million and malaysian will service their loans ..

young buyers choose prudently prices which are inflated way high is not worth of taking..

those who still going to buy .. test yourself.. use 6 months as commitment and bank in the bank as per the loan sum.. see u can or not.. and tink whether u are ready for a 35 years commitment..


Your good friend and gf are also flipping? Hope your curse doesn't apply to them.

This post has been edited by BTimes: Jan 12 2014, 11:50 AM

In 2002.. 400k still affordable now how much.. the market is middle class or u also muddle class trying to go upper middle clasd maa.. now 750k wor outskirt kl with fancy name like seri pajam.. setia echo hill kl friendly neighbourhood near high tensio cable southville.. promising will reach kl in 50 minutes.. 40 minutes.. 30 minutez respectively via Lekas high way and seremban high way.. in fact from leisure mall alone itself to OFFICE concentrated areas requires 1.5 hours at peak hours... plus their respective 40.. 50 ... 30 minutes.. who wanba buy.. invest many laaaaa

For elder sister and family to stay.. not flipping.. haiyaa discussion wise maa no offence one.. u are still the winner lehh market has yet to collapse or any correctio yet

This post has been edited by bearbearwong: Jan 12 2014, 11:54 AM

R U serious ? lol

Without flipper every one can get a good property with reasonable price, many flippers bribe the developers staff to hold on to good property before launch, causing genuine buyer lack of good choice, this in fact allowed developer jack up the price further, thus eventually kills the entire economy as people have less nett disposable income to spend on other sectors, this is what happened now in Hong Kong & Singapore, as if wasn't flippers that destroyed the US & Spain economy during 2008 real estate subprime crisis which still can't solved till today.

Let him buy from flippers then since they provide good units lol
The market will shake these people up soon.

My relative bought the RM400,000 DPC. Loan is only around RM2,300

Year 2002, with my working class earning ( wife and husband office executive earning) I can easily resolve such monthly RM2500 cash flow.

Wow.. buy more outskirt KL.. surely you are one of the ownerz in KV area... buy more vacant and unsold time already hit KL high rise as and KLANG VALKEY landed.. long enough it will be like bukit beruntung baru admit.. the impression I would picture Bukit beruntung like a movie:

You guys watch 'kingdoms of heaven'

'When King Baldwin the IV died of leoprsy disease.. her sister pay last respect to him by opening the mask and that is my same impression I see bukit berutung my first time and COMING INFLATED landed and high rise' with the same expression... for info guy de lusingon take over the throne and lost Jerusalam at the end to Salahadin..

added info: leoprasy is disease of skin total disfigurement of face and skin especially nose part.. and will bring fatility
note this disease is curable today by vaccine injection..

This post has been edited by bearbearwong: Jan 12 2014, 12:22 PM

No I won't buy now. I will wait to see how is the situation first. 1. It could go down. 2. It could be stagnant. 3. It could continue to go up. Nothing is certain in this world. Just when you expect market will burst, it goes up instead. Or just as you expect the market to continue to go up, it goes down instead. Keep the possibility open. Don't take extreme view. Anything is possible in investment.

A lot of DDD camp here love to see the market collapse and flippers suffer. Also a lot of UUU camp and flippers here love to see DDD continue to miss the opportunity. But at the end of the day, no matter how hardworking you post in LYN, the market won't be affected simply because of what we post here. The market has its own life and won't be influenced by our comments

So chill bro. Take the middle road and go by the flow

I will check out the showrooms again after Chinese New Year, when traditionally the buyers return to market. If they haven't returned by then, then the market will probably remain quiet by another 1-2 quarters.

I find early Q1 usually the best period to buy as the market is quieter and you can pick your favorite unit without pressure. Some developers also give out free goodies. After Chinese New Year is when developers (and the shops in the street) hint about increasing prices (and they usually follow their word).

At the moment, subsale is the way to go. Some developers should have started to future price their new launches on the GST part. It is the perfect reason to raise price and instill fear.

What you said is correct.

1).I work with developer.

2). Most developer staffs holding few units to flip or help flipper to flip by taking some commission.

3). Many rule on sales staff.

4). But still many can find loophole.

5). At the end of the day. Company one eye open one eye close.

6). Company happy because price is higher and flipper are the most profitable customer.

I like this infact I m practicing this if prop come with readonable price I will grab it for own stayy...

this is damn good advice.

I share my stories as well. Im currently staying in a prop which i bought for 1.3mil in PJ back in 2011. That time, price still ok, but can see flippers starting to come in, over the years, the flippers came in force, cos areas like TTDI/DJ etc became too expensive, prices creep to 2mil....then 2.2mil...then 2.5mil. And this in turn attracted even more flippers to my area.

Now..its 2014, just 3 short years since i bought my house. The asking price is now 2.6-2.8mil for unreno, reno is asking for 3.2-3.3mil NO ONE IS BUYING...i count 6 props for sale within 1 km of my house that has been on market minimum of 6 months, 2 have passed 1 year. These flippers must be crying every month, cos its not a rentable area, ppl buy to stay only

at 2.8mil for a house, it makes more sense to put your market in klse, and just rent the damn place. i still see a few units being renoed to flip in my area..good luck to them. Malaysian prop market wont crash, but it will stagnant, and ppl will start lowering thier prices when they cant hold any longer, just have to wait and pick your jewels

My friend u start off by 1.3 m prop.. lehh u different league di.. we here mostly 1st division or 2nd division.. u are in EPL league(manchester united suck) .. but however good to share.. in KV luxurious bunglow many lehh like bandar mahkota cheras like TAN MING CORP.. 1.88 M.. of course the largr banner by LUM CHANG( venus capital group) sierra and westiara 1.4 m.. Eastpark 72 1.2m.. laville jusco cheras selatan.. 2m.. bandar tun hussien bunglow 1.5 m.. hao residence.. 1.5 m.. admiral park 2 m minimum.. saujana villa kajang.. 1.4m.. jade hills.. 1.5m.. 1080 residence kajang 1.4m. And etc AND MANY STILL VACANT.... rich ppl dare to stay mehhh.... buttttt flippers who did benefit from DIBS program they can afford.. once they dispose their prop here... many still waiting...hehehe

This post has been edited by bearbearwong: Jan 12 2014, 12:37 PM

eh no la..i been doing this a while. my first prop only 218k, cleared out me and my wifes EPF to fund the deposit. I bought it after reading very good advice in this forum

my 1st actual house was Rm418k in Damansara Kim, in 2007, sold it in 2012 for close to a mil and moved to my current palce

See u also been flipping around lehh.. based on your experience.. now is the climate flipping business still ok bo.. like DSLoutskirt 750k...our mini TTDI now in kajang.. TTDI GROOVE KAJANG..

u sucessful many stuck liao.. damansara 418k.. now outskirt di 430k launching lehh like semenyih area..

This post has been edited by bearbearwong: Jan 12 2014, 01:04 PM