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Investment 4 Critical Signs of a Bubble Market, Property Investment

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CaptainCool
post Nov 19 2013, 05:06 PM

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QUOTE(joeblows @ Nov 19 2013, 04:35 PM)
That's bullshit (sorry for the harsh language, but its true).

I know people working in the construction industry and real estate agents very well and the cost is NOT RM350k-400k.

Believe it or not, the cost of building a DSL is actually LOWER (on a inflation-adjusted basis) today than it was 15-20 years ago.

This is because of:

1. Advancement in technologies and more efficient planning / project management nowadays, and more importantly
2. REPLACEMENT OF HIGH-QUALITY GOODS WITH CHEAP ASS CRAP BY ALMOST ALL DEVELOPERS

While there are indeed some very rare developers (harder to find than a virgin whore) who actually build a high-quality DSL which costs RM350-400k due to good materials, in the majority you will find:

a) Cheap ass low quality precast (even worse than previous pre-fab) construction
b) High-quality lasting baked "orange" bricks replaced with lousy cement blocks
c) Previous weatherproof hand painting of several coats replaced with just two coats (or in the case of one well-known so-called "high end" developer, high end my ass, one SINGLE coat) sprayed with a paint gun.
d) Oven-baked roofing tiles (long-lasting again) replaced with cheap-ass polycarbonate plastic mixed roofing
e) Lousy flooring

So on and so forth.

Just ask yourself, ever seen houses, premium ones I mean not low-cost or PPR type, built 15-20 years ago CRACK after only few months (sometimes even before VP lol)?

Developer laugh all the way to the bank, buyers cry.
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sorry, i dont quite agree with your accusation of cheaper cost to build a DSL..... I'm not in the construction field 15-20 years ago so i can't really compare, but is 10 years in the construction long enough for you?
i do agree to your point that developer's nowdays do tend to use cheaper materials to build a house.
but then the cost of construction is still way higher than when it was..... 1 50kg of cement back then was around rm10, and now? rm16-17..... that's an increase of 60% or more.... same goes to steel bars and all other raw materials.... and as for the labour cost, we all know how much our parents, grandparents earn 20 years ago....
nevertheless, i agree that the developers are sucking huge profit from buyers....

CaptainCool
post Dec 18 2013, 05:28 PM

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QUOTE(Maneki-neko @ Dec 18 2013, 05:19 PM)
Well, If i were the developer, i would buy a cheap land bank far far away from KL town, say Pajam, and develop low cost flats / apartments with condo facilities  laugh.gif  Price below RM 100k per unit rclxms.gif
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this outdated ady, now an improved version, as per a famous developer... buy a piece of cheap land bank far far away from kl town, say bangi, name it some fancy name southxxxxx, develop medium cost apartments but name it service residence, spend money on marketing and advertisement, hire some kelefeh to queue up and register for balloting(note, this is very important to create an image of got money also not surely can buy the property), put a big signboard say selling 2XXk, and then when meet purchasors say that is bare unit, add 30-50k which can be included in the loan to get free parking, and semi furnished unit with airconds etc, which in fact only cost 10k. all in, can sell a medium cost apartment far far away from city for 300k.
biggrin.gif biggrin.gif biggrin.gif rclxms.gif rclxms.gif rclxms.gif
CaptainCool
post Dec 18 2013, 05:31 PM

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QUOTE(boyslikeboys @ Dec 18 2013, 05:30 PM)
waa...... are u a developer???
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lol, if i'm developer i wouldn't take off my pants to show the whole world my ass right? blink.gif
CaptainCool
post Dec 18 2013, 05:46 PM

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all in, everyone wants to make profit or make a living, but do it moderately, dont be over greedy....but too bad our society doesn't practice business ethics at all... with our government leading the way, it's only us the people who suffers....
CaptainCool
post Dec 18 2013, 05:51 PM

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QUOTE(TiramisuCoffee @ Dec 18 2013, 05:45 PM)
Anyone knows, how easy to get developer's license? Can a bunch of us buy a plot  of land and start building ourselves and sell out at reasonable price?  What's the costing like,I wonder?
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the hardest part would be to get financing from the bank, and also need all the jalan to settle all those authorities....

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