QUOTE(bearbearwong @ Dec 24 2013, 06:01 PM)
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
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..