Agreed. Actually got 2 issues here.
1. Never expect very new township having good ROI when VPed, at least need 5 years or already having business activities start running only demand come in.
2. Market now, impact everyone even any top 10 developers.

Can pm me the dead chicken price?? I wont tell orther

U sure u serious to buy or not? lol.

You call any 20 agents, wait few days or 1 week, sure got few dead chickens and I scared when you heard the price good until you probably not dare to reply the agent to view the actual unit.

Haha, not many la boss. One or two already making me starving to death.

Hmm, I think I a bit scared into highrise dy, although I dont have any highrise VP next year bcz next 1-2 week would be the last piece, I plan to dispose one while the price is consider very decent in return in such market. I never buy a highrise cost more than RM 400 psf bfore, so if approximately to have RM 100k return, is damm freaking good for me dy based on current market as I using COCR as my investment return. Furthermore, I intend to keep landed now esp the Majestic piece which going to deliver by end of 2016 and the cost of holding is a bit high as I prepare to keep it vacant as long as possible.

When you keep a good prop longer and found out that the return is suddenly more than 300% appreciation, you would never sell it, bcz you know you never able to buy it back. Thats the part of an investment up and down.

Or the initial launch price was already considered high in the beginning.

and there is very little room left for appreciation?

if chime was sold at RM400k. maybe it is still considerable if sold at RM550k upon VP?

Part of their fault oso la, sell so many Chimes & Perenia at one go, now want to sell Penduline, sure some ppl buy Penduline la dont want to buy Chimes or Perenia! As Chris gor said, timing not right la for the flippers. It is also not the right timing for IJM to sell Penduline now from the point of view of the Chimes & Perenia's flippers.

This post has been edited by BRE: Nov 13 2015, 07:22 AM

Boss, do you have any idea what is the higher market value/snp price can get for chimes 22x75??

If below market 10%, i still need top up 20% under ltv70% plus transaction cost 6%, than total cash is 26% or 200k

Bro, what do you mean when u said "next 1-2 week would be the last piece"? What is COCR?

Wow, cost of holding is very high bro to keep your EM prop vacant for as long as possible! Why no intention to rent it out in the mean time? Yah, when the price shoot up you would want to wait for it to go higher & higher before u consider selling it, it all depends on how strong your holding power is, the longer u hold the higher the ROI!

Haha boss, "u will never able to buy it back", i believe more good deal in coming future , if i have 100% i will sell and buy back 3-4 new property with cash that i sell just now. Greedy me

Dreams Never Stop

Bro.,
I think you should dispose a unit if the return is reasonable. Since you still got stocks

Cash flow is important as we don't know how bad next year is going to be and for how long.
Having some cash in hand is always better.
Also note if you sell now, until you get the cash may take minimum 3 to 4 months provided you find a buyer now and his / her loan is approved.
Property are not liquid asset.

Disposing also allows you to accumulate some bullets to grab any opportunity arising from the downturn.
Next year is hunting season. Get your bullets ready.

Not trying to answer on Chris boss behalf but just to give my view. COCR is the cash on cash return whereby the focus here is more on the real cash (in/out) flows as compared with the ROI which considers the total value of investment.

In whichever case, I think one may need to consider the holding period (ie the annualized return) to justify a decent return.

If already expected the rental yield or absolute rental income will be (very) low, may not worth to rent it out after taking into account the maintenance that may need to incur - unless you know well the tenant will take very good care of your house. Well, leave it untenanted and use it as weekend home is not a bad idea. Lol.

+1 to Jason Boss! Hehe. Exactly my answer dy. lol.

Ya, I am more a bit like Faizul's method to use COCR. But COCR only is good if we taking 90% loan or lower dp with discounted properties. Previous years can be having good COCR but now, I think lesser, thanks to the high price now.

Maybe another view can say IJM help too. Soft launch 20 70 penduline 650k before discount and and official launch 680k before discount. So it's help chimes and perennia subsales price better and more good deal.
Besides, if those buy very new big township people which 15 years project sure pre know developer will launch new phase for every half year - 1 year.
Fyi, realized IJM did not so care whether sold out or not, but they will increase price every few months for all phases.
Just take example, periwinkle launch 860k++ at 2014, price keep increase until few months ago 950k++. And 2-3 weeks ago increase again with 962k++.

This post has been edited by eastken: Nov 13 2015, 09:29 AM

Couldnt agree more with you boss.

Cash flow is very crucial ahead of 2016 and I prepare 2016 could be tougher compare to 2015. Hopefully its better upon next year end. I believe many tend to dispose 1-2 prop to accumulate some cash for a good buy next year, but I wanted to do so with cautious. Or might be aiming just cheaper apartments. Thanks god I nvr buy anything in 2015.

Of the 2 props I intend to sell, I believe the return is very decent at abt at least RM 80-100k nett off everything. However, my best asset remains as The Zest. Although the price around the same since last year, but the demand is damm good.

Hehe. I getting my key or VP in next 1-2 weeks for my most expensive condo, RM 400 psf with DIBS. The rest already answer by Jason Boss.

Ya, holding cost now compare to back in bfore 2010 is very different. Back then, u hold 5 props only costs RM 5k-6k max installments. Now, any 5 props would costs RM 12-13k now provided all about RM 500k props.

For good landed like in huge and great township of EM, and based on location, I dont think the rental would be good and tidy, or I nvr expect can breach RM 1.2-1.5k for my small landed. Therefore, I not willing to spend my cash for reno or furnished it as it easily costs about 2-3 years rental value. I rather keep it vacant n rent out my apartments on hand.

Wah...really property TK..

TQ Chris boss and Jason boss for the brief COCR explanation! Got lot of things to learn from the 2 property gurus!

Just install basic lights, grill and fans la bro, the most also 3 months rental value la, will not cost you 2-3 years rental value leh! To treat it as weekend home oso need basic stuff like bed, sofa & TV la! Keep it for min 5 years sure can see the capital appreciation shoot up!

Agree. BR has been practicing price increase every few months no matter sales good or not. Early birds should feel happy.

Congrats to you will move to EM, very nice township to stay.

Interm of outlook and location I quite like The Zest. There no issue like other condo on rent to black people and etc?