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 Is the bubble finally bursting? 2014, V2

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bearbearwong
post Feb 8 2014, 10:32 PM

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QUOTE(neonikson1 @ Feb 8 2014, 10:12 PM)
So What do you all think of ekocheras? A MRT prop, 100m away from mrt station, rm500k for a 762sqft duplex soho. Is this still a good buy entering now?
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Projecy itself us a good go.. of course MRT and leisure mall and cheras sentral.. it is chinese populated area.. and however for rental purposes.. 2 rooms no more liao selling rm450k like dat.. bit hard to cover d loan.. may be can cover 60 to 70 percent room . 450k.. setvice l9an monthly 2.2k...2 room each room 1k.. kind of unlikely. U buy now 3 years after this I.e 2017 finish...hmm..

u adjust accordingly for 3 rooms 762 sq.. how much loan repayment and whether doable or not....

ur call.. pick ur choice.. I m looking good for the said project.. tq

btw slight diversion.. bumi buyers cant sell to other except bumis right? Dat means bumi to choose to stay in non bumi areas? Hmmm.. I check first
AppreciativeMan
post Feb 8 2014, 10:34 PM

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QUOTE(ManutdGiggs @ Feb 8 2014, 02:30 PM)
biggrin.gif  Just dropby to remind ma. My comments r so min in tis thread now cos I'm enjoying fruit ma.  icon_rolleyes.gif

Stime someone just need to know most prop investors r there for long run rg 10yrs 20yrs. Nothin wrong holding it collecting rental n not selling. I dun c myself bleed at all. When banks come to me, they r happily giving approval cos the rental income with no loan for most of my props r income. Not liability.  icon_rolleyes.gif

So far onli sold 4 in the past 23 yrs. Am I a flipper??? Gua oso dunno. But seldom sell unless the price offered to me is way beyond my imagination, just like wat I did for the particular 4 units.  tongue.gif
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U r the real boss! thumbup.gif thumbup.gif
However, those negative or ddd will says u are prop agent, UUU, BBB, u painting a rosy picture, misleading ppl, u r lucky, u invested when prop price is low or still affordable, now is not like before and etc etc...... tongue.gif tongue.gif tongue.gif

This post has been edited by AppreciativeMan: Feb 8 2014, 10:35 PM
SUSAmayaBumibuyer
post Feb 8 2014, 10:41 PM

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QUOTE(Wiredx @ Feb 8 2014, 10:28 PM)
Double edged prophecy dude. biggrin.gif
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Well such prophecy wont happen here thank God. All these derivatives are banned from my banks.
bearbearwong
post Feb 8 2014, 11:04 PM

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QUOTE(AmayaBumibuyer @ Feb 8 2014, 10:41 PM)
Well such prophecy wont happen here thank God. All these derivatives are banned from my banks.
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about the bumi lot right...

i got something here, before you can sell the 2 units of bumi lots right... to non bumi..

like this 2 restrictions before can transfer to non bumi (i assume you know):

a) first of all be able to transfer, the bumi quota must be satisfy first,

example: let say amaya got 100 units, quota for bumi with 7 percent discount, 30%(30 units must be allocated or sold if unsold let it vacant till sold) is allocated to bumi. let say amaya now only have 20% (20 units only) bumi and you want to sell to non bumi, no consent will be given by KL land office meaning you cant transfer to a non bumi( but if selangor, our Khalid wont give consent)
only upon you have satisfied the bumi quote in amaya only you can dispose to non bumi.

AND

b) second restrictions is for no title case(MASTER TITLE):

that 7 percent discount bumi enjoy, say 500k amaya unit equivalent to rm35,000.00. SO WHEN you sell to non bumi, that non bumi assuming BBW have to pay the 7 percent discount you enjoy (or RM35,000.00) tothe developers on top of all the legal fees, stamp duties, 10% deposit (equivalent to 50K).

in actual fact, you need to pay rm85 k if the unit is 500k.. now since the market is 750k.. if a non bumi want to buy, it will be 75k deposit plus 35 k (discounted bumi price assuming prop was 500k first hand).. so all together 110k . 75 k to amaya, 35k to developer.

for cases with title

the 7 percent is still payable to developer even thought developer is no longer in the picture. i.e the S&P is between amaya and BBW. yes u heard me right.. need to pay to developer the (RM35K OR 7 PERCENT DISCOUNT)

HOW DO WE ascertain the lot is bumi lot or non bumi lot, in developer sales cases, the developer will notify you which unit is bumi lot.. for title cases, hmm i haven't seen example in the endorsement indicating bumi lot.. however an officail land search will reveal whether it is bumi lot or not..


mind you you must satisfy both the requirements before a bumi unit can be transferred to non bumi.. thank you correct me if i am wrong ya.. u NEED TO PAYMORE (extra 35k)..highly unlikely for bumi to buy (my guess only) .

ehh pool of buyers getting small lehh paying extra 35k.. dun report me.. this is in d book ahhh...

This post has been edited by bearbearwong: Feb 8 2014, 11:14 PM
Wiredx
post Feb 8 2014, 11:23 PM

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Bumi lot & bumi discounts can be two separate matters i think? If bumi discount but not bumi lot i think there are no restrictions. What you describe is referring to bumi lots. I may be wrong. What i mean is a unit given bumi discount is not necessarily a bumi lot.

This post has been edited by Wiredx: Feb 8 2014, 11:24 PM
SUSAmayaBumibuyer
post Feb 8 2014, 11:27 PM

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QUOTE(bearbearwong @ Feb 8 2014, 11:04 PM)
about the bumi lot right...

i got something here, before you can sell the 2 units of bumi lots right... to non bumi..

like this 2 restrictions before can transfer to non bumi (i assume you know):

a) first of all be able to transfer, the bumi quota must be satisfy first,

example: let say amaya got 100 units, quota for bumi with 7 percent discount, 30%(30 units must be allocated or sold if unsold let it vacant till sold) is allocated to bumi. let say amaya now only have 20% (20 units only) bumi and you want to sell to non bumi, no consent will be given by KL land office meaning you cant transfer to a non bumi( but if selangor, our Khalid wont give consent)
only upon you have satisfied the bumi quote in amaya only you can dispose to non bumi.

AND

b) second restrictions is for no title case(MASTER TITLE):

that 7 percent discount bumi enjoy, say 500k amaya unit  equivalent to rm35,000.00. SO WHEN you sell to non bumi, that non bumi assuming BBW have to pay the 7 percent discount you enjoy (or RM35,000.00) tothe developers on top of all the legal fees, stamp duties, 10% deposit (equivalent to 50K).

in actual fact, you need to pay rm85 k if the unit is 500k.. now since the market is 750k.. if a non bumi want to buy, it will be 75k deposit plus 35 k (discounted bumi price assuming prop was 500k first hand).. so all together 110k . 75 k to amaya, 35k to developer.

for cases with title

the 7 percent is still payable to developer even thought developer is no longer in the picture. i.e the S&P is between amaya and BBW. yes u heard me right.. need to pay to developer the (RM35K OR 7 PERCENT DISCOUNT)

HOW DO WE ascertain the lot is bumi lot or non bumi lot, in developer sales cases, the developer will notify you which unit is bumi lot.. for title cases, hmm i haven't seen example in the endorsement indicating bumi lot.. however an officail land search will reveal whether it is bumi lot or not..
mind you you must satisfy both the requirements before a bumi unit can be transferred to non bumi.. thank you correct me if i am wrong ya.. u NEED TO PAYMORE (extra 35k)..highly unlikely for bumi to buy (my guess only) .

ehh pool of buyers getting small lehh paying extra 35k.. dun report me.. this is in d book ahhh...
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Waaa dats a lot. This is what i know. Bumi lot and bumi quota is diffwrent. Bumi quota would be easier but still hard. Malay reserve land u cannot sell ever. And for the bumi discount thing, if u sell to non bumi d non bumi hav to pay d discount back is a no. I dont think so. Anyway i dunno much because i dont intend to sell the units so i dont go through to it in detail but according to one agent, it is no problem to sell to non bumi but hav to call developer la, sign something la...a bit of a hassle. Anyway somebody else here in lowyat might know better.
SUSAmayaBumibuyer
post Feb 8 2014, 11:29 PM

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QUOTE(Wiredx @ Feb 8 2014, 11:23 PM)
Bumi lot & bumi discounts can be two separate matters i think? If bumi discount but not bumi lot i think there are no restrictions. What you describe is referring to bumi lots. I may be wrong. What i mean is a unit given bumi discount is not necessarily a bumi lot.
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Yeah yeah dats about it. Bumi discounts in what u say is what i meant by bumi quota. Maybe.
SUSAmayaBumibuyer
post Feb 8 2014, 11:32 PM

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Oo ascertain if its bumi lot or not u hav to see the title but strata title hasnt issued yet. Anyway just call developer themself, or ask when u buy d unit. That way u can be sure.
bearbearwong
post Feb 9 2014, 12:05 AM

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QUOTE(AmayaBumibuyer @ Feb 8 2014, 11:27 PM)
Waaa dats a lot. This is what i know. Bumi lot and bumi quota is diffwrent. Bumi quota would be easier but still hard. Malay reserve land u cannot sell ever. And for the bumi discount thing, if u sell to non bumi d non bumi hav to pay d discount back is a no. I dont think so. Anyway i dunno much because i dont intend to sell the units so i dont go through to it in detail but according to one agent, it is no problem to sell to non bumi but hav to call developer la, sign something la...a bit of a hassle. Anyway somebody else here in lowyat might know better.
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I m doing it.. you have to payy... I already lay out for u... nvm get more info.. mind non bumi buyers.. if you haveappointed lawyer and then only to know you have to pay extra 35K.. we still charge you legal feez and disbursement accordingly but may with discount..

And if because of 35k u revoke .. forfeitute of 3 % is certain ahh.. unless agent form say different ting.. refundable or sth..

you dun care bout rent coz u know rental is hard (u admitted).. now u say u not going through the hassle.. coz u not selling.. last time you told us that got ppl offer 660k but dunwant sell or cannot sell?

Like this holding.. u making a loss.. bro..

malay reserve can one.. as long as menteri besar sign /consent ... apa apa pun bolehh..

another way.. day BBW is a minister.. we can table in parliament to remove the malay reserve then ok luu.. gazette then kao tim.. no more teserve.. aihhyaa u see ampang there.. many reserve bcum not reserve liao.. can change by minister one..

malay reserve not immune one... can do like this limiting the rrsyriction... say cannot pajak.. gadai.. pindah milik and etc.. can allow pajak and gadai one or any one.. bangg.. the menteri besar power like srlangor predecesser..

who intetested in amanya.. go make official land search in KL LAND OFFiCE( near dataran merdeka there) rm 30 only.. since is a master title u will know which bumi lot and whether bumi lots quota di full.. you can get details of the owner too with ic number.. those klcc view one can know one.. we will be able to narrow down the names..

anyone can do land search just rm30.. and is instant one...ok..heh heh hehh.. tell my lord salahadin.. that jerusalam (BBW) is here.. sumore 2 units similar name is and bumi is u liao...
bearbearwong
post Feb 9 2014, 12:08 AM

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QUOTE(Wiredx @ Feb 8 2014, 11:23 PM)
Bumi lot & bumi discounts can be two separate matters i think? If bumi discount but not bumi lot i think there are no restrictions. What you describe is referring to bumi lots. I may be wrong. What i mean is a unit given bumi discount is not necessarily a bumi lot.
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This one check first.. but posdible.. bumi can buy non bumi lots with bumi price..bumi can buy bumi lots with discounts..

non bumi can only satisfy the first without discount thesecond one no need tink.. cannot..

But 35k leh 7% easy buy...easy flipp
SUSAmayaBumibuyer
post Feb 9 2014, 12:26 AM

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Bear bear bear...where did i ever say that i dont care about rental? I NEVER EVER said that. When i said my rental 2k++ dat means i dont care about rental is it? Read properly laaa..removing malay reserve land? In ur dreams le. The same dream on u want property to crash.

Always like to insert negative ideas about amaya. I dont want to sell it at 660k because the rental is good. Paham tak nih? Cannot sell my amaya my ass. I just dont want to sell.
bearbearwong
post Feb 9 2014, 12:31 AM

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QUOTE(AmayaBumibuyer @ Feb 9 2014, 12:26 AM)
Bear bear bear...where did i ever say that i dont care about rental?  I NEVER EVER said that. When i said my rental 2k++ dat means i dont care about rental is it? Read properly laaa..removing malay reserve land? In ur dreams le. The same dream on u want property to crash.

Always like to insert negative ideas about amaya. I dont want to sell it at 660k because the rental is good. Paham tak nih? Cannot sell my amaya my ass. I just dont want to sell.
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I never lie.. my mother oso dapat tanah it was degazetted as reserve.. ampang area like cahaya.. near look up point there haiya ask around see who are the owners... the man who do this is menteri...if anyone make official land search on amanya master title.. narrow down names with 2 units will know name and ic number.. age as well.. u told us sumore klcc view.. middle floor to upper floor ..

This post has been edited by bearbearwong: Feb 9 2014, 01:06 AM
SUSAmayaBumibuyer
post Feb 9 2014, 12:35 AM

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QUOTE(bearbearwong @ Feb 9 2014, 12:31 AM)
I never lie.. my mother oso dapat tanah it was degazetted as reserve.. ampang area like cahaya.. near look up point there haiya ask around see who are the owners... the man who do this is menteri besar.. if anyone make official land search on amanya master title.. narrow down names with 2 units will know name and ic number.. age as well.. u told us sumore klcc view.. middle floor to upper floor ..
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Im talking about removing all malay reserve land all together. Cannot do one. Sure do an official land search and i know who to sue for invading someones privacy.
bearbearwong
post Feb 9 2014, 12:59 AM

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QUOTE(AmayaBumibuyer @ Feb 9 2014, 12:26 AM)
Bear bear bear...where did i ever say that i dont care about rental?  I NEVER EVER said that. When i said my rental 2k++ dat means i dont care about rental is it? Read properly laaa..removing malay reserve land? In ur dreams le. The same dream on u want property to crash.

Always like to insert negative ideas about amaya. I dont want to sell it at 660k because the rental is good. Paham tak nih? Cannot sell my amaya my ass. I just dont want to sell.
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Before the issue drift you further.. I better clarify.. removing malay reserve and bumi price is DIFFERENT TING ALL TOGETHER.. dun tink along those lines that we are challenging ur rights in federal constitution..

the removal of malay reserve on land means minister lets say ficticious example:

lets say government reserve 100 ekar out of 1000 ekar as malay reserve and it happens to be ampang... lets say cahaya.. initially cahaya is malay reserve.. 100 ekar
Minister can deregistered cahaya as malay reserve and replaced pandan as malay reserve...100 ekar.. u see..

bumi quota applies everywhere in bumi lands or non bumi lands ( dat 7 % discount)..

So clear di... I make a whole way turn to comment the possible buyers... non bumi which I assume will the buyers as it is chinese majority place and the price quoted... dat y.. in order to enanle you to transfer.. you are bound by the above restrictions.. one of the restrictions is pay back 7% to developer is buyers is non bumi whether it is master title (no title) or with title..

so .. your pool of buyers will be even smaller coz non bumi buyers will need to fork out extra 35k assuming you bought 500k from developer on top of the:

Inflated price of 750k(75k)
legal fees (loan and S&P)
Stamp duties
others

dat y I m saying your pool of buyers are smaller.. if you did not satisfy d quoto u will have to wait till quoto hit then only can sell ( this can easily ascertain by official land search stated above rm30) we will know how many bumi buyers buying bumi lots or non bumi lots.. tadaa solve bumi issue..

now.. u mentioned u have 2 units facing klcc views ( blocked by velocity upon completion) ... bumi buyers.. u narrow down for us.. we just need to see these characteristic in ofgicial land search then tadaaa... owner.. ic.. just to prove you are not lying..

now on rental issue u did really say u dun care about rental initially.. but whether making a u turn.. I dont recall.. and you claim that 2.2xx rental is damm good is another lie.. u service loan 400k also need 2.2 loan repayment di.. got damm good meh? Merely meeting ends ( then again 2 room studio 2.2k lowest 1 room 1.1k wow posdible ah)?.. u cant claim othetwise now since u di say rental damm good.. dun now claim u taking 500 or 800...

and now u say that u never planned to sell at all.. dat y u nevet engage agent.. means u making a loss if holding like dis... and u got a good deal di 2 units bought 400k.. selling 660k offer u reject.. man dat is 520k gross profit lehh..

izzit because u dunwant ppl make bad impression on amaya coz quota not enough and is bumi lot.. dat y u need ppl to fill d quota so that you can dispose? Raising sum flimsy and unconstructive in property bubble... (this also can be proven by official land search of the quota)

my pure and only intention point is let price go down it is a bad market with inflated price everywhere.. dat y amaya occupancy rate is low right at night less than 20 %.. post 6 months after vp..

bearbearwong
post Feb 9 2014, 01:05 AM

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QUOTE(AmayaBumibuyer @ Feb 9 2014, 12:35 AM)
Im talking about removing all malay reserve land all together. Cannot do one. Sure do an official land search and i know who to sue for invading someones privacy.
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Ehh.. official land searvh anyone can do lahhh... to knoe who is d owner... u also can do on any other property.. this is to protect the potential buyers...

it is accorded In national land code... and case laws
tan ying hong vs govermnent of malaysia & 2 yang lain
boonsoom boonyanit

both are mahkamah persekutuan case.. 5 panels federal court hakim laaa. I m serious lehh.. u try google type tan ying hong 2010 many results..

official land search is a search can be conducted by everyone I repeat...

I never say or intended to remove all malay reserve or bellittle ppl who enjoy it.. I only say I can be done this way like ampang... places..

This post has been edited by bearbearwong: Feb 9 2014, 01:20 AM
bearbearwong
post Feb 9 2014, 01:25 AM

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Wei no one here ahh I feel like I m talking to wind ...helloo anyone... this is BBW lehh.. over and out
Showtime747
post Feb 9 2014, 02:49 AM

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QUOTE(bearbearwong @ Feb 9 2014, 01:25 AM)
Wei no one here ahh I feel like I m talking to wind ...helloo anyone... this is BBW lehh.. over and out
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Bearbear, get a life. Your life is not only about property and the bubble.

Go out and enjoy. If you drink but don't have kaki, call me cool2.gif
SUSAmayaBumibuyer
post Feb 9 2014, 07:17 AM

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Yalor i sleep oredila after watch football. Haih
ManutdGiggs
post Feb 9 2014, 07:20 AM

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QUOTE(Showtime747 @ Feb 9 2014, 02:49 AM)
Bearbear, get a life. Your life is not only about property and the bubble.

Go out and enjoy. If you drink but don't have kaki, call me  cool2.gif
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Bear bear wanna repo more owners ma. But my guess is no matter how hard bear blow wateva water here, action speak louder. It's either buy or no buy. As simple as abc.
ManutdGiggs
post Feb 9 2014, 07:25 AM

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QUOTE(AppreciativeMan @ Feb 8 2014, 10:34 PM)
U r the real boss!  thumbup.gif  thumbup.gif
However, those negative or ddd will says u are prop agent, UUU, BBB, u painting a rosy picture, misleading ppl, u r lucky, u invested when prop price is low or still affordable, now is not like before and etc etc......  tongue.gif  tongue.gif  tongue.gif
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Boss I'm just a kicimiao. laugh.gif

Regardless of how ppl gonna hate the increment for the last 3 decades, those vested oledi enjoying liao. So y bother so much with their childish assumption??? tongue.gif

Another 3 decades later then maybe all of us here bring tongkat out together n c who got the last laugh lo. Y stuck in a cyber world like bbw and some of his old frens who keep changing nicks???

Btw how many ten yrs do v hav??? I hav done my part liao. Hope everyone gets to taste the success in prop. thumbup.gif

This post has been edited by ManutdGiggs: Feb 9 2014, 07:27 AM

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