Sold before sell, as they are going to flip it.
Now is not the time to buy property.
How to check how may % the project is Sold?, loan approved (not booking)
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 Oct 22 2014, 11:58 PM
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11,554 posts Joined: Aug 2009 
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Oct 23 2014, 12:12 AM
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#2
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QUOTE(bearbearwong @ Oct 23 2014, 12:07 AM) yup, investors are trying to final push the prop market, they want to cash out... Now is time to relax and keep cash   Wait till investors half dead and dumping price only start buying. |
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Oct 23 2014, 12:25 AM
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QUOTE(bearbearwong @ Oct 23 2014, 12:15 AM) got the same feeling too, next year super inflation, OPR will be increased by bank negara this dec.. rotting di , I am just hope to have 20% discounts will be good OPR increase is expected. But GST effect will be more.Not to mention next year got 10-15 projects going to release keys. So rental or flipping will be facing problems. |
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Oct 23 2014, 07:21 AM
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#4
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QUOTE(bearbearwong @ Oct 23 2014, 12:29 AM) we really thought the same.. yes it is so true, older newly vp projects will lose out, look at recently 2 months vp OUG parklane @ jalan klang lama, it is vp 4600 units plus now selling subsales 390k to 450k only, developers still holding 5% units not able to sell as of today.. that converts to 200-300 units.. that is KL.. outskirt properties will cry Price of the property increase too fast, until our salary can't catch up. So is expect-able if the bubble happens buyers/spenders are keeping/conserving cash for the worse, investors has no choice but to be bound by debts and OPR increase.. either sell off now or wait next cycle after GST effect cools off, could take years... and our country likes to increase GST rates yearly  , super inflation coming |
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Oct 24 2014, 05:01 PM
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#5
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QUOTE(InF.anime @ Oct 23 2014, 11:19 PM) Lower risk of abandone bro.. Sorry, such thing won't happen in city area, in rural area maybe will happen.Because now when they sell 1 unit, it can cover 15-20 units. And with sold before sell strategy, they won't worry on this because they know people are stupid enough to chase. |
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Oct 24 2014, 08:52 PM
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#6
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QUOTE(Jmsl @ Oct 24 2014, 05:26 PM) Then Profit margin at least 1000% based on what u say?..got so much??? Just check the developers that listed in Bursa, their new income per quarter are in billions. That's after all the salary paid to all the staffs and board of directors. A piece of sand brick we buy from hardware shop is rm0.50-0.70 while developer buy in trailer which only cost rm0.10-0.20 including transportation. And some now are using cement slab as wall, it is even cheaper. And most of the properties now are made from glasses, so again the cost are lower. This post has been edited by supersound: Oct 24 2014, 08:54 PM |
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Oct 24 2014, 11:07 PM
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QUOTE(hungerybaby @ Oct 24 2014, 09:32 PM) My fren said cannot check it anymore! If 1 person can only buy 1 property, the sales figure will be very nice to see. For 1 new flat being built, about 5-10% are sold, not more than that. |
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Oct 25 2014, 07:16 AM
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#8
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QUOTE(InF.anime @ Oct 25 2014, 01:44 AM) Wahsei you make me so happy man! Got discount meh? I only know they will keep increasing the price every month. Like increasing 10-20% then give 5% discount. If this is the discount you waiting.If follow what you say then every project developer only need to sell 10% then can get breakeven /net profit alrdy.. Whey need to advertise and give discount like what happening now?! |
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Oct 25 2014, 09:05 AM
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#9
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QUOTE(ManutdGiggs @ Oct 25 2014, 07:49 AM) Boss increasing 10-20% 'll make dev price double in no more than 12 mths wo. U sure ur statement is korek ar??? You may deny my statements, I have no problem with it. |
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Oct 25 2014, 11:27 AM
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#10
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QUOTE(ManutdGiggs @ Oct 25 2014, 09:16 AM) A Q is a Q. Not denying. But need more explaination as of how dev hike the price. I'm no brainer in dev job. Pls enlighten. My relative are from construction business. A 22*75ft landed terrace house including everything cost no more than rm70000, but it is selling for rm700-800k, so what is the profit margin here? This is the cost of buying material from hard ware shop. If buying in bulk it will be much more lower.No obligation. This post has been edited by supersound: Oct 25 2014, 11:28 AM |
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Oct 25 2014, 11:31 AM
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QUOTE(bcpbeancounter @ Oct 25 2014, 11:30 AM) like that all developers are multi billionaire lo ... Till today I yet to see any developer are making lost profit except those building low cost house. bear bear you are out liao! |
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Oct 25 2014, 11:51 AM
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#12
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QUOTE(ManutdGiggs @ Oct 25 2014, 11:48 AM) Boss my Q is the 10-20% hike in every mth. No need to tell me bout cost. It's not relevant wo. When they are using sold before sell strategy, you can't buy from developer direct, unless it is on outer city center area. When you are looking for it, usually agents will offer you their units which will be much more expensive.Can I learn fr u the price hike strategy in a project??? Say fennel first launched at 600psf. Til today on ur claim of 10-20% price hike a mth mean they should sell at 1.2kpsf. Can u explain fr there??? Remember it's just an example. I'm not saying fennel was at 600psf. I dunno cos I dun buy resi. Pls share. Noob here. Paiseh if I'm wasting ur time. U can Alwiz choose not to answer if u dun hav the answer. No obligation. Thanks |
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Oct 25 2014, 02:12 PM
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#13
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QUOTE(CloudAtla$ @ Oct 25 2014, 01:52 PM) Sound bos, can you help or lead bear bear in dis thread? He wan to buy his 1st sweet home for her gf. Pls help him. He very kesian one. Don't buy, buying a property for GF are the most stupid thing ever done  https://forum.lowyat.net/topic/3381037/+1320#entry71072614  |
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Oct 25 2014, 02:18 PM
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QUOTE(CloudAtla$ @ Oct 25 2014, 02:07 PM) Wat is cement slab? I think cement slab are wrong, should mentioned it as pre fab cement wall.Comparing to old school brick installing, a pre fab cement wall can reduce the building time by a lot. If building a 9ft wall using old school method, you need a month to complete a house. But with pre fab wall, you need 1 week to complete 20 houses. QUOTE(CloudAtla$ @ Oct 25 2014, 02:09 PM) 1 unit can cover 15units? Geng!! This is normal, just we are being misleaded by developers.QUOTE(CloudAtla$ @ Oct 25 2014, 02:11 PM) How can properties made of glasses? It wont break meh? If curtain wall, I know la. An old school terrace house only use glass for the windows, about 20-30% of a 22*9ft wall. Nowadays they are using glass door as front wall, about 70%. Again, this can reduce their cost significantly. And glass door's security are very bad. |
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Oct 25 2014, 02:23 PM
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QUOTE(CloudAtla$ @ Oct 25 2014, 02:15 PM) I know but wat to do. Bear bear wan to marry. In law put pressure. Ask in law to give you downpayment lor, simple what  Now is not the right time to buy properties, especially non landed. |
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Oct 25 2014, 02:25 PM
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#16
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QUOTE(CloudAtla$ @ Oct 25 2014, 02:24 PM) Respect ur wide knowledge on construction and properties. Think u can contribute lots here. Again Contributed already, but no one wants to understand  https://forum.lowyat.net/topic/3381037/+1320#entry71072976 But if you think you can manage the loan with savings, then only you consider it. Do not put 2 names in the loan. |
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