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 4 Critical Signs of a Bubble Market V7, UUU still trounced DDD

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ManutdGiggs
post Jun 16 2014, 11:58 AM

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QUOTE(AppreciativeMan @ Jun 16 2014, 11:25 AM)
How sure are u???  blink.gif  blink.gif  blink.gif
Because your parent didnt buy for u then u think parents buying for kids very low??  tongue.gif  tongue.gif  tongue.gif
Vice versa, I think parents buying for kids these days are very high......  whistling.gif  whistling.gif  whistling.gif
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QUOTE(cfa28 @ Jun 16 2014, 11:45 AM)
Parents buying for their children is increasing cos Property is ever increasing making it very difficult for our future generation to buy properties, esp Landed.
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Many around me stil planning for kids future by buying props. Some decided to migrate one no need to Tok la.

But for me I dun buy houses. I cont buying shops factories and lands. By time kids grown up, I sell one by one to get new resi for them laugh.gif

Can say liddat boh???
ManutdGiggs
post Jun 16 2014, 02:09 PM

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1 fren oledi prepared 2 units per kid with cashi. No crash so soon la
ManutdGiggs
post Jun 16 2014, 02:29 PM

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QUOTE(icemanfx @ Jun 16 2014, 02:11 PM)
Ultra rich are more likely to buy in sg, london and australia.
If like this, current property supply where got enough?! better snap up before pasar malam stall owners, hawker stall owners, etc jump on the band wagon.
Developers are keeping these units for r.e agents to cari makan else r.e. agents got no energy to blow water.

Price doubled in 3 years, what is 6% gst?
Your fren so behind one, heard some are buying for their grandchildren.
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Yalo. I oso dunno y he buys cashi. If get loan can strike great grandkids tim. Btw he bot London Aussie Singa n Malai. 1 each in Malai 1 each around the world. I dun und the strategy.
ManutdGiggs
post Jun 16 2014, 03:05 PM

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QUOTE(icemanfx @ Jun 16 2014, 02:57 PM)
You mean your fren can't afford nyc, monaco, marbella?
If your kid study in overseas than one unit won't be enough.
One where got enough for mistresses? Need a few more so rental collection would be enough for her upkeeping.
Forgot to add spm school leavers, mlm people, insurance salesman, etc to the number.
Who keep cash?
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Oh tat I really din ask. But he has a plan which I can't und. So me kicimiao kenot ask too much. Can Onli look with envious eyes. laugh.gif


ManutdGiggs
post Jun 16 2014, 04:16 PM

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ManutdGiggs
post Jun 16 2014, 06:28 PM

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QUOTE(SamsengFan @ Jun 16 2014, 06:26 PM)
This is a good way to increase post count thumbup.gif

Though I'm not sure why would anyone do that
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Sien ma.

And u just did by replying. thumbup.gif
ManutdGiggs
post Jun 16 2014, 07:10 PM

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QUOTE(SamsengFan @ Jun 16 2014, 06:30 PM)
Agree.

Willing to pay 30% to get subsale to get full assessment of the area before buying.
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QUOTE(SamsengFan @ Jun 16 2014, 06:39 PM)
Agree.

Willing to pay 30% to get subsale to get full assessment of the area before buying.

Imagine like batu maung where you get 30 foreign labor as neighbour laugh.gif
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Replying twice to add post count thumbup.gif
高招 rclxms.gif
ManutdGiggs
post Jun 16 2014, 07:49 PM

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QUOTE(bearbearwong @ Jun 16 2014, 07:20 PM)
anybody has idea of the subsales appreciation for those property built after 2010?

after subsales, appreciation still ongoing? and transacted?
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One of my factory increase 47% since vp may 2012. American coy tenanted. 15 yrs lease agreement. Not selling thou.

Another factory bot subsales in 07 increase 185%. Last wk buyer offered a historical high price in tat area but i rejected the offer. I'm comfortable with my rental income.

Tis 2 units giving me 57k rental. Instalment is 41k for both. Buy early. Enjoy the fruits.

Hav u decided yet???
ManutdGiggs
post Jun 16 2014, 08:24 PM

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QUOTE(SamsengFan @ Jun 16 2014, 08:22 PM)
wow......

definitely cannot apply loan with payslip  laugh.gif
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I dun hav pay slip la. I used all my current rental to apply loan. Most bot in early 90s oledi no debt Liao ma. tongue.gif


ManutdGiggs
post Jun 16 2014, 08:27 PM

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QUOTE(kradun @ Jun 16 2014, 07:54 PM)
he buy when many claim the property bubble ma.. now he deserve such punishment..
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Yalor I stil think tat repaying loan is so diff. Luckily I hav my fully paid props with enuf rental to take care of the current loans.
ManutdGiggs
post Jun 16 2014, 08:33 PM

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QUOTE(SamsengFan @ Jun 16 2014, 08:26 PM)
mind to share a little?  how did you start with the first factory?
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1st one back in early 90s. Follow kawan blur blur bot it. Thereafter bot a few more together with shops. I blif if u dare to start early, the rewards ll b fantastic.

M2c.
ManutdGiggs
post Jun 16 2014, 08:36 PM

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QUOTE(kradun @ Jun 16 2014, 08:29 PM)
by right u should not exist, the earlier 97 crisis should give u very big impact, until today is belief still bleeding, or all prop already been lelong.
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Hais went thru tat. Dun mention. My few customers kantoi n I need to take over their props and pay banks the bal in cash. Kns. But oso lucky they passed the batons to me. Then I oso accumulate my props fr there. And those props r debt free fr day one.
ManutdGiggs
post Jun 16 2014, 08:39 PM

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QUOTE(SamsengFan @ Jun 16 2014, 08:35 PM)
so now you are those who doesnt go to work ,but keep changing new cars  laugh.gif  laugh.gif
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Nope my current car aged 12 last wk.

I dun need fancy car. I prefer to drive to customers or tenants with laoya car. So they pay me on time. sweat.gif
ManutdGiggs
post Jun 16 2014, 08:44 PM

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QUOTE(bearbearwong @ Jun 16 2014, 08:40 PM)
+1. but due to mass properties especially new launches, old subsales, merely good property does sometimes maybe ended up no buyers, coz there are just too many property to be considered..

just that agents should refrain marking up prices, this is creating artificial price increase..

and sometimes, cause trouble too, an agent wants to mark up for his commision behind his agency firm, agent enter into a agreement with owner to say mark up 50k for a 500k dsl, agents dun trust the owners, they requested the law firm to release the cheque in 2 pieces i.e 50k under that agents name (without agency name) and remaining to the owners..

in actual fact agents are placing the fire ball to law firms, relying on a piece of paper agreement btw owner and agents is not a good idea, in the event owners refuses after deal is seal, agents cant do anything practically.. if law firms release 50k to agents, owner will say law firms breach duty releasing to agents without authorization..

the agreement cant be used, agent want to reply will have their license strip off by agency law, your agency company will sue you for conflict of interest too..

i advise agents since you and owners have agreement to pay 50k, we release all monies to owners and you claim from the owners yourself.. since you have agreement, dun drag the firms with you...
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Onli minority agents r bad la. Just like ur profession. Not all repomen r bad la.
ManutdGiggs
post Jun 16 2014, 08:49 PM

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QUOTE(bearbearwong @ Jun 16 2014, 08:48 PM)
yup.. under agency firms name... to lock the unit as well
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Stakeholder la. Lawyer oso can b one.
ManutdGiggs
post Jun 16 2014, 08:59 PM

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QUOTE(bearbearwong @ Jun 16 2014, 08:53 PM)
wah so special one... here all purchaser bare.. all factored into already
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It's norm. Tats y u need to go gai gai to explore more ma. When r u free to join me gai gai???
ManutdGiggs
post Jun 16 2014, 09:04 PM

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QUOTE(bearbearwong @ Jun 16 2014, 08:56 PM)
yes. but a bit different lor..under law firm name they no forfeit.. under agency name, certain amount forfeited or all forfeited if do not follow the 14 days or 21 days after signing the option to purchase
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Buyers can alwiz put in clauses la. No prob wan la.
ManutdGiggs
post Jun 16 2014, 09:13 PM

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QUOTE(bearbearwong @ Jun 16 2014, 09:05 PM)
will you let agent to earn 50k from your property worth 500k?
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I ll ask agent to sell at 600k n he keeps the 50k I keep another 50k.
ManutdGiggs
post Jun 16 2014, 09:14 PM

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QUOTE(Rabel @ Jun 16 2014, 09:10 PM)
No
I will pay extra commission if he/she manage to sell better price
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ManutdGiggs
post Jun 16 2014, 09:22 PM

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QUOTE(bearbearwong @ Jun 16 2014, 09:20 PM)
wah, good lor, i saw 2 owners saying that too.. they say all the wanted is 400k, if agents can sell more, they take..

dat day went Hamphsire residence for loan signing, the units a million but less than 800sq.. China couple sign loan so ma farn 1.6 million loan want sign on their swimming pools, went in also difficult, parking lots at some B4 every floor guard waiting haizzz... rich ppll.. haizzz signing also guard observe from far.. haizzz...
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Boss, one day u ll b the one waiting at swimming pool. Someone else ll send to u. thumbup.gif

Be brave and make the right decision. flex.gif

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