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 Is the bubble finally bursting? 2014, V2

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kevyeoh
post Feb 8 2014, 04:18 PM

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Age not equals condition? yes and no. Some place, they do renovate and repaint etc...but end of the day i don't think a 10 years old or 15 years old condo/apartment can be equal to a newer apartment just obtained OC or 2-3 years old...

if i need to pay about the same amount of rent, i choose the newer ones... cuz hardly can find the older condo/apartment in nice and new condition...

even now if there's a brand new condo just OC obtained vs a 6 years old condo...i will choose the new one as well..everything brand new...i rent only...i can move out anytime when it gets old...

my thoughts and personal experience la...probably your area got old condo with like new condition...then i have nothing else to say bro...


QUOTE(prody @ Feb 8 2014, 03:53 PM)
Age of house or condo should not matter for somebody who rents.

When I rented last time it didn't even come to my mind. The actual condition of the place is much more important.
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kevyeoh
post Feb 9 2014, 10:35 AM

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I got nothing to say when you discuss about land conversion and those reserve land thingie...

Haha

biggrin.gif tongue.gif biggrin.gif tongue.gif

QUOTE(bearbearwong @ Feb 9 2014, 09:18 AM)
Like dat blow water mehhh.. I read books lehh.. to reply.. where is rebel and bt times.. that twincharger.. kvyeoh.. notmally they many ting say one..
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kevyeoh
post Feb 9 2014, 12:54 PM

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same for me...too long and i saw reserve land etc stop read dee...

QUOTE(ManutdGiggs @ Feb 9 2014, 12:32 PM)
So long le. Dun wanna read la. Dunno bout others but definitely not me to read tat.  shakehead.gif
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kevyeoh
post Feb 9 2014, 12:55 PM

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rental income...last time can la...my old property i bought still giving good rental income...
but now for new property...the rental yield really really low...

QUOTE(ManutdGiggs @ Feb 9 2014, 12:49 PM)
Boss I spent 21 yrs since buying 1st prop. U decide if u wanna call me lucky. Earn much onot depend on how much one wish to hav. I onli need a simple life. Buying props at young age is bcos I dun wanna face the problem of workers everyday when getting older like now. So I reckon my decision to start investing at the very young age paid off handsomely.  biggrin.gif

I hav a vely gd biz stil running n generating vely reasonable margin. But facing 100 workers is not a easy for me. Maybe it is for others but definitely I find it quite hard. If they take turn to b jokers, I ll need a 3 mths to settle 1 cycle of probs.  sweat.gif

Whereas props is so diff. I just leave it to my agents and lawyer. Agents to hunt for gd deals n bring in tenants with reasonable rate, make sure rentals r collected on time. Each of them ll take care of the tenants they brought in. And lawyer ll make sure tenants get the nails if they fail to pay me on time. It's not tat scary in props. If u do it the proper way, u r earning while in holiday. The props r generating while u r sleeping.  laugh.gif

I dun hav to afraid of the props fall sick like how my workers did all the time. I dun hav to worry bout props gone Mia just like how I worry bout any of my workers go Mia after getting bonus. Props won't be caught by police of immigration officers just like how they disturb my legal foreign workers (boland ma so enforcers bojiao).

In work, I hav to make sure ethg runs smooth in order to get back the credit fr clients. In props, I dun need to beg for payment. Yes bad tenants r there, but leave it to agents and lawyer. They ll file in court to make sure I get the rental. And touch wood, I'm lucky tat my bad experiences r vely min.  icon_rolleyes.gif

Hope u get a beta pic y some prefer props even I myself realized the biz is actually generating income quicker than rental increment. But one obvious diff is biz dun bring u appreciation.  wink.gif
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kevyeoh
post Feb 9 2014, 11:17 PM

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wanna continue back to discussion...one supporting point that may excite the DDD camp... apparently, not so easy to rent out condo/apartment...not really hard but if maintain the same price of rental as in 3 years ago...then tenant will wanna nego for lower rate...

i'm not just saying this out of thin air, but with 2 real cases... the property still without tenant because rental price a bit on the high side although it is still the same rate these past few years...

hmmm...
kevyeoh
post Feb 10 2014, 10:45 AM

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wah...can explain a bit? D then BB, then DD and then BBB?
thankS!

QUOTE(sampool @ Feb 10 2014, 10:37 AM)
yes.. i can said DBBDDBBB, because the 2nd market .. rental is increase to support the current market.
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kevyeoh
post Feb 10 2014, 08:45 PM

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If one quarter up 2% in price. .. then per annum is 8% on capital appreciation. ... excluding rental income somemore...
Hmm... quite a decent gain anyway... with rental income shud easily achieve more than 10%... not bad in this so called bubble scenario
..



QUOTE(gspirit01 @ Feb 10 2014, 07:09 PM)
Gong xi huat cai!

Bubble not burst yet! But price down a bit for those I track!

Prop analyst report for KL 2013 q4:

Basically in q4, price up 2%, rental down 1.something percent for high ends
Massive vp in 2014 expect to exert downward pressure for both rent and price.
2014 shall be a challenging year for kl prop
The actual effects of cooling measures are unable to be certain.
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