Oh! Good le! no RPGT!

Yeah lo, but so far rental still can cover everything la... need to think hard before selling, coz of it strategic location.

If rental can cover everything, why sell?

need money for new car and other investment...

Dont mind to share what type of business is your friend into? IT related?

7 branches? Bubble tea?

If bubble tea then its exceptional case. Most bubble tea brands r dying now cos they r selling poison.

Furniture.

Are u serious? Poison? Care to elaborate?

Google is really such a hard product to used ?

http://blogs.wsj.com/chinarealtime/2013/05...ears-in-taiwan/

Penang Forum backs steps to cool house price rises

Penang Forum steering committee
11:35AM Dec 17, 2013

The steering committee of the Penang Forum welcomes and supports the recent announcement by the Penang state government to introduce new measures to cool the escalation of house prices in recent years.

The unsustainable rise in house prices in Malaysia, and many parts of the world, is due to many factors, some beyond the control of the local, state and even federal governments. A large part of it is due to the quantitative easing and loose monetary policies of advanced countries that have kept interest rates low.

In an environment of low or even negative real interest rates, many turn to property investment to beat inflation. Unfortunately then, housing is seen less as a means of consumption (a place for people to live) and more an asset class for investing and speculating. Just note the high percentage of unoccupied units in high-end residences. This is the basic reason for the huge increase in house prices.

Governments at different levels - federal, state and local - have different powers and instruments at their disposal to control house price increase and each must play its respective part. The federal government and Bank Negara have rightly introduced, though belatedly, measures to curb house price increases through lower loan to value ratio and incremental real estate property gain tax.

It is good that the Penang state government is introducing fiscal measures, in this case a levy on property transactions to curb speculative buying. The policy to impose a moratorium on sale of affordable, medium and low housing for limited period (five years for the former and 10 years for the latter) is also a right step.

As stated earlier, we encourage housing as a means of consumption, not a means for speculation. The latter hurts the ordinary people and benefits only a minority.

We urge the local council to also play its part to introduce measures such as incremental development property tax (higher development charges for high end housing and lower charges for affordable and low end housing), and stricter planning and approval conditions to discourage the over-supply of high end housing and encourage the supply of affordable and low end housing.

Hmm.. some sensible thought finally.

And I bet all housing developers will be rushing to build lower cost homes with low profit margins if the proposals mentioned above are implemented....

"... stricter planning and approval conditions to discourage the over-supply of high end housing and encourage the supply of affordable and low end housing. "

.........

how to make profit?

How much profit are you looking at?

I think the developers will wind down their property business and go back to sell VCD/DVD than to develop low cost housing. Kakaka.

Quoted once from a contractor, structural works for a double storey 20X70 terrace house on a existing terrace (including demolition) cost around RM150k. Oh location is around PJU where old single storey house exceed RM400k easily, though empty and unfurnished.

That was months ago. Also, remember contractors also survived at such price.

If prices of terraces below RM500k still have big profit to developers today. A bowl of pork mee was RM4.00 two years ago now its RM5.00 but condo that looks like glass dildo shot from less than RM200k to RM500k in such time frame due to speculation (which is totally artificially created to lure herd mentality peeps).

The loudest laughers are always developers, because in the end all money go into their pockets. And they build their classy bungalows at The Mines or Bangsar with the money your donated to them.

I would say currently developer r "over" profit, though I am not sure is there such terminology, just look at their profit figures 30% increase every quarter, despite building less house compare to 2012 yet their profit keep getting higher, even car dealer, college, software company, under garments manufacturer join in developing houses.

Their cost is actually getting lower & lower, as the selling price getting higher & higher, imagine same launch but can suddenly jack up within weeks of launching.

Anyone believe their "Story" ? ..lol

If cost increase in line with selling price, isn't profit margin should be the same ? remind me of sugar price increased 20sen per kilo, 1 glass of teh tarik also increase 20sen, so it take 1kg sugar to make 1 glass teh tarik ? ..lol

House is meant for consumption (people to live) not for speculating (gambling) ..sigh (who is listening ?) until the flipper burn their hand then cry for government help...lol

This post has been edited by jolokia: Dec 18 2013, 12:29 PM

Developers are well known to 'tekan' their suppliers to death. If they say theyre a victim of rising costs, it's mostly bs.

1kg sugar increase 20 cent not 20 cent = 1kg sugar

Greedy people dont really care if other people suffer. They just need excuses to be more greedy.

Bank Negara formulates new measurement for BLR in 2014


KUALA LUMPUR: Bank Negara Malaysia (BNM) is formulating a new interest rate framework for the measurement of the Base Lending Rate (BLR) next year to further enhance the country's financial system.
Governor Tan Sri Dr Zeti Akhtar Aziz said BNM would issue a consultative paper outlining the new reference rate framework to the industry in early January next year, as it needs to adjust and progress towards better serving the economy.
"Of late, there have been indications that the BLR as a reference rate has become less relevant. "It has therefore become less meaningful as a basis for the pricing of loans. Retail lending rates on new loans being offered by the industry are at a substantial discount to the BLR," she told reporters after the launch of the Asian Banking School here today.

Zetri said the BLR is the key element in the financial intermediation process and needs to be improved in term of its efficiency, for the banking industry to continue to meet the ultimate objectives for its existence. - Bernama




BLR up ? or no more (BLR minus rate).

Look like bank can no longer play the BLR go up give more discount tricks, Border line flipper beware.

This post has been edited by jolokia: Dec 18 2013, 02:13 PM