QUOTE(cheahcw2003 @ Jan 17 2014, 10:58 AM)
i agree to ur statement.
On top of that we also need to catagorize the investors/ flipper groups according to property price range.
1) those soho, sovo, sofo, studio investment which price range of upto RM350K
2) mass market apartment/condo from 350K to 700K
3) mass market landed from 400k to 800K
4) higher end of condo/ landed from 800k to 1.5mil
5) luxurious property above 1.5mil
which catagory would more likely to have firesales in terms of % ????
In general, ppl believe those richer investors at category 4) and 5) tends to have better holding power to weather the storm. Dear all forumers, what is your view?
I tink even low end flippers venture to trouble waters like landed and bunglow in outskirt.. why.. their logic is bigger risk bigger return... the eco hill project and southville and iskandar.. rawang 2... many low end taking big risk.. in hope upon completion sell of... (coz they make an anology like this):
"Hmm 430k plus DSL wor.. cheap cheap lahh..compared to the high rise 500k above (in which they themselves feel expensive and wont buy) still cheap maas... if I flip to 750k (inclusive of RPGT 30%..legal fees.. stamp duities .. and etc minimum oso need to sell 550k. Plus 200k profit).. surely ppl will buy Maa.. a high rise oso 575k ( like u city/vista/amanya maluri/lido residency/pertama residency) surely ppl will choose landed.. I got a good deal leh 430k plus plus.."
they failed to reliase that high rise 500k above otransacted numbers are low.. those outskirt is GOD DAMM FAR.. however developers say 40 or 45 minutes LEISURE DRIVE .. but never mention it was traffic clear... (poor flippers only went to the said location first time which is d registration.. never drive before during peak... but because world class developers building JUST WHACK.. SURE UNTUNG). In actual fact from office concentrated areas like KLCC ..masjid jamek.. pj.. mont kiara and etc.. to reach kajang or bangi or rawang.. dat it self neec 1.5 hours coz stuck in jam duting peak hours..and additional 30 minutes to their house.. respectively.. ( be realiastic shall we.. market you targeting is working middle class working).. which I doubt coz many but NOT all already become flippers..
they also fail to pursuade themselves that the flipped price is no longer AFFORDABLE.. paying 3.5 k perminth for 35 years ( outskirt DSL) surely they will say many can afford 3.5 k just because u cant..dioes not mean many others cant... those can already or mostly flipping....
and come on 750k.. you your yoursrlf wont buy lahhh outskirt DSL.. right??
That dude mentioning that they have high holding power... yup you can.. well investment wise holding longer us is good ah.. bank interest jalan.... they mostly prefer sell off once completed... the longer u hold.. the prop become old.. design colour fade... they tell you hold longer is deceiving one.. if phase 2 open and you still holding phase 1 unsold.. haha.. ppl buy phase 2 lu... nevertheless if you holding long tetm.. good their credit is locked.. and surely cant flip ..
those rich ahh.. appetite problem... u tink invest 1 house meh... one project 3 house.. they have many houses dat is the problem... they need to hold so many dats I say they are the same... upon VP fast fast sell... but never consider alk the above problem.. sold but vacant.. alot of example... couple with govetnment measures hmm good to know government want slaughtet u flippers as well