https://forum.lowyat.net/topic/3572930/+1540

Guess you forgot to take medicine for split personality.

Syok sendiri?

Guess you never encounter the situation where the wave is higher than the boat. Under this situation, good navigation skill won't help.

Only those cash strap need refinancing in time of crisis.

The world is greater than the kampung, you have no idea how big is the outside world.


This post has been edited by icemanfx: Aug 15 2015, 04:12 AM

Property in the u.s is no longer under value. This business model sound like a ponzi scheme.

To those who are already bought kV property, drop in myr Forex rate shouldn't impact them as bank interest rate remain unchanged, loan repayment is in myr, Spm school leavers are still flocking to kV, divorcee still need 2nd property to stay, GDP growth still positive, inflation rate still low, vss or mss still few and far in between, etc. Don't see the need of panic.

From what they told me, currently they holding a project from Cape Coral from City of Florida. Many ppl sell the land when economic crisis came, then the company hold all the properties on hands looking for investors.

Supported by u.s government? At which level? Federal, state or county? U.s gomen don't get involve in this type of deal.

Hedge funds like Blackstone had been buying foreclosure properties in the u.s if such deal exist, hedge funds and local investors would have secured it before this company that need foreign funding. Further, foreclosure deal is cash transaction, if this company already hold these properties, why they need to share their profit with people over 12,000 km away? Given current housing market in the u.s, they could refinance easily with much cheaper interest rate.

This post has been edited by icemanfx: Aug 15 2015, 10:03 AM

For the first time I have to agreed with u

Fuyoh ! Did Icemanfx ask his lecturer post on his behalf..

First time see his professional economy student substance leh..

Lol! I couldn't agree more that this does sound like a ponzi scheme. Especially those UK's green land scheme like Jardin International.

What happened to u Aiskirim man. You are a changed man.

Nope, still the same student, part time ice cream stall assistant.

Can buy now? ):

Buy what?

Property lo, now looking at cyberjaya. What does the sifus think?

of course can. 10 million also can as long as for own stay

300k+ sub sale condo, actually buy for both investment / self stay la. The reason why I don't wanna straight away move in is because the current place I'm renting is super cheap and worth it. That's why wanna rent it out to people first, if my landlord decide to sell then I'll move in. But I understand now got oversupply in Cyber lo.

cheap how much rent? i can save 70% money when I move to my house from renting

If you understand there is oversupply in cyberjay mean your unit could be vacant for extended period or rent is depressed.

As you said you buy for rental & own stay, why bother about oversupply ? especially you are still renting for now, if rental collection not worth then use it for own stay, if rental collection is good then as investment.

But having said that always better to stay in own house, can renovate to own liking, no need buy cheap furniture, no need see landlords black face when ask for repair.. lol

I rent a landed two storey terrace in prime location for only about 1.2k. Very very near my work place. If buy @ Cyber still can go work la, just further and need to pass 1 /2 tolls one way


Yes, that's why is worst case scenario I will have to move in. But hopefully won't until that stage la, the good thing is the condo is beside MMU. So really hope can find tenant.

Yeah I understand. Willing to move in next time, but currently I'm renting a double storey terrace at a really good rate and location. So wanna buy my first property as more like a hybrid situation - Self stay if necessary / investment (rental yield to cover loan)

This post has been edited by diversity: Aug 15 2015, 03:07 PM

This I really not able to answer you since I not professional in this field. But I found the corporate website, kindly have a look and give me more comments.

Their office located in Pavilion Office Suite level 9.

Link---------->. http://qualitasproperty.com

Thanks

why not buy double storey too? if rent only 1.2k then rent but owners can increase lots

A small re agent in country side in Cumbria selling u.s property in Malaysia? It is a bit far stretch to take it seriously.

This post has been edited by icemanfx: Aug 15 2015, 10:56 PM

Can't afford bro, unless its in some rural area like in Klang like that. My rent actuall is actually quite consistent, been renting for nearly 10 years already, last time 900 > 1k now finally 1.2k. Around my area rent minimum 2k already.

your landlord rich man ah could charge 2k but went 1.2k instead? if like that might rent for forever loh. i myself dun like condo.condo must be in kl rather than cyberjaya.actually double storey in puchong got 400k.

This post has been edited by leonhart88: Aug 15 2015, 11:17 PM

bro where around puchong is good with that kind of price range, can recommend ah?

condo maintenance monthly alone rm300. for own stay i prefer double storey. last time saw reno thread corner lot 20 yrs old house puchong 280k bro. forgot the place.

Condo maintenance is charge based on the build up area, each condo might charge vary a lot, some old condo may charge rm0.15 psf so a condo with 1k sqft only charge rm150 per month. Some charge even lesser.

This post has been edited by kradun: Aug 16 2015, 08:59 AM

whoa. you wanna live in old condo ah? for me if buy condo then after 10 yrs should sell

Old condo got many pros, not so expansive, maintenance charge lesser as not so much fancy stuff to maintain, locate at better location that got high demand easy to rent, and also u could know over the past whether the property got properly maintained or not.

oldcondo very risky since it is old. the value keep depreciating. got pros and cons. basically, i dont like condo. we got history condo being demolished or not? if after demolished got money to get new condo? i dont think condo could stand up more than 60 yrs

Property is illiquid, price will take years to bottom.

Market always crash earlier than expected. Is current sentiment on myr forex rate and klci, a flipping point for kv property price trend?

Stock & Currency crash like laosai, But property still stay strong.

That's why we told you previously, Property is Emperor of all investment & last to crash & first to rise..

All threads closed, drama drama.

Anybody knows what is the usual rental yield for commercial property based on current prices?

What U mean all threads closed ? Means this forum is basically useless as no one can post anything ?

Why you wanna rent a commercial property?

You should consider buy a 3 storey shop lot, G & 1st floor rent out then 2nd floor keep for own stays.. lol

After KLSE, commodities, MYR price dropped, kv property will defy gravity to double price in 3 years.

In US$, kv property price has dropped by over 20% and counting. Foreigners must be very happy to buy.

This post has been edited by icemanfx: Aug 18 2015, 01:05 AM

https://forum.lowyat.net/topic/3577720/+120

Property price is not transparent like commodity or stock, asking price is set by vendor at his whim and fancy. In reality, there are many subsale transacted at below valued price. A reason why reputable valuers are currently value property 10% lower than reported transacted price.

If economy is as predictable, there should be more than 10% people have over US$100k net worth.

This post has been edited by icemanfx: Aug 18 2015, 01:40 AM

Where considered are good areas?

On upward trend, it make economical sense to hold for higher price. However, on down trend, value diminish with time. The question is whether current trend is up, down or stagnant? If vendor has the capability to hold through bad patch, s/he shouldn't be thinking of selling during price down trend/stagnant. Also mean, during price down trend/stagnant, buyer could slash asking price significantly.

This post has been edited by icemanfx: Aug 18 2015, 01:41 AM

Valuer work on behalf of bank surely they been instruct to put a lower value so that bank can secure them self, but that doesn't mean property owner can whack whatver price they like...

100K USD ah ... Sap Sap Shui lah/... don't compare your beggar 10K FD lah ! if i have that i malu to show already.. kekeke

Provided buyer is ignorance of transacted price.

During price uptrend, it was common for vendor to shout asking price at their whim and fancy as quoted above.

Believe less than 10% of bank customers are qualified for privilege, priority banking. Your sap sap shui is again syok sendiri.

That message was not meant for you.

Trend has always been up either UUU or uuu

You don't have priority banking meh ?

Oh forgot you Platinum Card also not qualified.. Don't be sad work harder earn more..

If student and ice cream stall assistant could have platinum card or priority banking, what is the value or point to have this exclusivity?

May be 1mdb will sell a parcel of land every few days to pay for interest. UUU, BBB!


This post has been edited by icemanfx: Aug 18 2015, 04:21 PM

KV property is immune to hot money withdrawal, price is continue on uptrend.

zukoi407, tigerr must be making $$$ from O&G stocks.


This post has been edited by icemanfx: Aug 18 2015, 07:13 PM

http://www.brickz.my/transactions/resident...ed/view/charts/

http://www.brickz.my/transactions/resident...ed/view/charts/

http://www.brickz.my/transactions/resident...ed/view/charts/

http://www.brickz.my/transactions/resident...ed/view/charts/


From the above sampling, it seem subsale price has been stagnant since 2014 or even dropped marginally.

This post has been edited by icemanfx: Aug 19 2015, 12:38 AM

At 4.5% compounded, after 27 (2015-1988) years is 328%

How depreciating MYR impact KV property price?

- Some claimed, building materials cost has increased by 15%, property price to increase by 15% or more.
- KV property price is cheaper in US$, more foreigner to buy.
- Inflation rate going up, property price to rise in tandem.
- BNM to increase bank interest rate to reduce the outflow of cash, higher holding cost mean higher property price.
- Too expensive to buy overseas property, invest all locally.


This post has been edited by icemanfx: Aug 19 2015, 12:01 PM

Icyboy ! Why so fruss ? You time will come ! Only things is when it come eventually! You regret you ever wish for it.

Cheap price but no income to support you to buy.. kekeke

Overheard a conversation at my stall just now;

First uncle claimed; his tenant voluntarily asked him to increase the rental before the tenancy agreement is up, and the uncle happily agreed.

Second uncle said; re agent called to increase the offer price by 5k to 10k every other week for his condo. He is now waiting for the offer price to exceed and above 15% of US$ value from a year ago before he let go as he doesn't want to compromise his wife shopping in New York.

The sun never set on malaysia property market, price is always on uptrend.

Our ministers said, our economy is resilient, price will continue to uuu.

I see you getting more upset.. Don't lah ! Later you enter depression mode no good.

Seem like property price doesn't even drop a inch despite stock & currency drop like rock.. KV property truely

so i said end of year / early next year will continue to up lo

icemanfx

http://www.zaobao.com.sg/consumer/property...20150819-516367

http://www.straitstimes.com/business/prope...-malaysia-in-q2

Malaysian sapu Singapore property..

This post has been edited by jolokia: Aug 20 2015, 12:29 PM

With S$ at record high against RM, these Malaysians should be buying kv property. Hope foreigners won't follow them to abandon kv property.

many ppl will 14th floor by this year end when world economy collapse, esp those who hold many properties which yet to pay off.

Why world economy will collapse by this year end? Nuclear war? Supervolcano eruption? Mega tidal wave? Oil price below $20/barrel? Over MYR6 to us$?

This post has been edited by icemanfx: Aug 20 2015, 05:59 PM

Ask Tom McClellan / Gerald Celente / Egon von Greyerz / Brandon Smith

Any fact to support your predictment ?

Not mine. Refer above post. TQ.

http://kingworldnews.com/gerald-celente-ju...into-world-war/

He believe in guy like this

Believe the market is pricing in Fed rate increase in September and China weak numbers, hence the drop.

Property is illiquid, could not response to efficiently. Asking price is vendor's whim and fancy and transacted price take months to appear publicly.

Property and stock market is 2 different type of investment lah.

Property very long term. For malaysia, the price always increase IN LONG TERM. Historically proven. In between, there are some minor ups and downs

Whereas stock market the swing is very volatile. Big up, big down, big up again, big down again. Every few years sure got big up and down. Those cannot stand pressure may get heart attack

Best is invest in both lah. Now rental still give stable return. Everyone needs a house to stay in mah. Be it family, student, singles start career in KV, or factory rent for their foreign worker...more stable. Small ups and small down.

If tenanted, don't even need to bother. Even big ups and downs also won't affect

Property price in every country increase in long term, not unique to Malaysia.

Rental will adjust to incoming supply, expect rental yield to drop with more project vp in the next few years.

Japan ? Syria (as brought up by robert82) ?

Malaysia do not have the big ups and big downs in history


In my experience, I don't recall I ever reduce my rent. The worst is I didn't increase rental for a few years

Property investment is a micro-level investment (how many times I have to tell you this ?). Even different house or unit in the same taman/condo will have different fate. If you do your study and get the right property, it will be very rewarding

For stock market, you got to know the whole forest. For property market, you got to know only 1 unique tree

Napic 2Q/15 numbers must be very impressive for re agents to overload the server and become unavailable.

Again is area dependent, some area always shortage some might oversupply, then again those middle eastern & expatriate are filling up the gap create by local, for middle range filled by China & Vietnam Doll while lower end property is fill up by foreign workers.

So what oversupply? ?

Zuiko more afraid of you stalking his wealth rather than he stalking at you 2, right Eddie

Their gain from Property can offset the 1% interest mah ! That's why most Businessman also whack properties, Showtime even go to the extend of setting up company to whack with staff monitoring the rental some more.

Now you know why Property is defying gravity? Because is already go beyond earth gravity, out in space what go up doesn't need to come down...kekeke

You are insulting zukoi407, he doesn't need gain to offset any interest rate increase and he buys property with cash.

If an object goes beyond earth gravity and without propulsion, the velocity is constant.

Super Bull Run is like wormhole & there plenty of it the universe..

He confirm scared la. What can a keyboard warrior do?

Stampede by the new herd at klse and myr forex.

KUALA LUMPUR (Aug 24): Malaysia's housing market is deemed "seriously unaffordable", where the median house price is 4.4 times median annual household income, a research report by Khazanah Research Institute (KRI) indicated.

KRI managing director Datuk Charon Mokhzani told a press conference during the launch of the said report today that an affordable market is one where median house price is three times median annual household income.

"The challenge of providing affordable homes for all households has captured the focus of policymakers. In Malaysia, policy initiatives relating to housing affordability have been through transferring physical or financial resources to low-income households. Middle-income households, however, are neither eligible for social housing nor able to afford private sector-supplied houses," Charon said.

"Policy should therefore be geared to improving the elasticity of housing supply, to make it more responsive to the needs of all sections of the population," he added.

Charon said that the report also indicated that rising house prices is seen as a determining factor for the rise in land prices, instead of the other way round.

This is because developers are willing to pay for increased land prices as the market price for housing increases.

In terms of construction costs, Charon said it is not necessarily the cause of house price increases, as Malaysian construction cost has been falling with no consequent drop in house prices.

"The provision of social housing for the majority of population will exert financial pressures on government spending. As Malaysia becomes more urbanised, the demand for affordable housing will increase. If the trend is not addressed, the bottom 40% and middle 40% of income earners will likely require social housing in future. There is a strong need to reform the supply-side and to enhance its capacity to develop a sustainable and responsive housing sector," Charon said.

http://www.theedgemarkets.com/my/article/k...ly-unaffordable


How much do Malaysians Earn?
Take a guess. What is the median monthly salary of a Malaysian worker? Clue: it is not that high.

Data shows that the median monthly salaries & wages in Malaysia for 2013 was RM 600 more than the minimum wage, in other words, half of the Malaysian workers make less than RM 1,500 per month [average wage is slightly higher at RM 2,052]. The figure is the same regardless of gender, but if you worked in the urban areas, your median wage will be slightly higher, at RM 1,680 compared to RM 1,040 for rural workers.
These figures, sourced from the Department of Statistics, are based on wages received by full-time government or private employees, which cover basic wage, cost of living allowances and other regular and guaranteed paid allowances or overtime. However, they exclude bonuses and gratuities and other non-regular payments.

(Higher) Education Pays

The median monthly wage for those with tertiary education is the highest compared to other educational qualifications. Those with a degree would have a median wage of RM 3,890, which is 159 percent or RM 2,390 higher compared to those with SPM. The earning capability of a graduate is quite high, especially if one compares the degree ‘premium’ to high school certificates. Workers with SPM qualifications would earn a monthly median wage of RM 1,500, or about 25 per cent higher than those with lower secondary education i.e. PMR/SRP. In nominal terms, that is a difference of RM 300 per month.

Best Paying States

The highest paying states, unsurprisingly, are Putrajaya and Kuala Lumpur (see Chart 1). In fact, these are the only two states where the median wages are more than RM 2,000 per month. The majority of states--ten, to be exact--pay half of their workers less than RM 1,500 per month. Even Penang, which ranked third in the list of the richest states based on GDP per capita, has a lower median wage compared to Johor and Negeri Sembilan. On the opposite end, Sabah tops the chart with the lowest median monthly wage, followed by four of the five former Unfederated Malay States.

- See more at: http://www.krinstitute.org/February_2015-@...h.TcWKlfjj.dpuf

This post has been edited by icemanfx: Aug 24 2015, 01:41 PM

Population Ageing: Can We “Live Long and Prosper”?

Over the next few decades, Malaysia is expected to follow the global trend of population ageing. Although this demographic transition seems to pose severe negative socioeconomic consequences at the outset, the negative effects are not inevitable – they can be mitigated through concerted efforts by the policymakers. The measures outlined in the 11MP are a step in the right direction to ensure that the growing elderly population in Malaysia are well taken care of and can remain independent and active members of society. Similar measures, as well as their rigorous implementation, will be increasingly necessary as Malaysia continues to face population ageing over the upcoming decades. Without the implementation of these measures, the country risks neglecting its growing elderly population, at the expense of the nation’s economic growth.

- See more at: http://krinstitute.org/kris_publication_Po...h.3Og6XGUF.dpuf

Construction costs fall, yet house prices rise

The Cities track continues to look into the probable causes of rising house prices. In continuation from the previous newsletter, we take a look at the relationship between house prices, locations and the main components of construction costs from 2008 to 2014.

The house price index was obtained from the National Property Information Centre (NAPIC), whereas the construction costs (building material cost index, labour cost index and machinery & equipment cost index) were taken from Construction Industry Development Board (CIDB).

For all the charts, construction costs refer to the “Residential” building category. The figures were indexed at 2008 as the base year.

- See more at: http://krinstitute.org/KRI_Maps_-%E2%97%98...h.Og8g6vBD.dpuf


Cities: House Prices by Types and States

Analysis
The primary takeaway from the indicators is that housing prices for Detached and High-Rise units experienced a higher increase compared to Semi-Detached and Terrace properties. The overall growth price from 2000 to 2013 for the housing units: Detached experienced the highest increase, which is 109.9%, followed by High-Rise 107.3%, Semi-Detached 99.1% and Terrace 87%.

On the other hand, all the housing type experienced almost similar Compound Annual Growth (CAGR). The CAGR from 2000 to 2013 for price index by house type, from highest to lowest are Detached 5.44%, High-Rise 5.35%, Semi-Detached 5.04% and the lowest is Terrace with 4.57%.

The state experiencing the highest CAGR across all house types is Sabah, with an average CAGR of 7.56%. Melaka experienced the lowest CAGR with only an average of 2.26%. According to Sabah Housing and Real Estate Developers Association (2014), Sabah’s high growth of house price is the effect of multiple factors, amongst others: price hike in land acquisition and fuel, high logistics cost from the effect of the Cabotage policy, electricity tariff hike, lack of good transportation systems and infrastructures, as well as high development costs.

The highest CAGR recorded is Detached houses in Pahang which is 8.21%, whereas the lowest is achieved by High-Rise houses in Negeri Sembilan with CAGR of 0.21%.

It is interesting to note that besides Sabah and Kuala Lumpur, the other states that experienced high growth of house prices across all property types are Pahang and Terengganu, with an average CAGR of 6.90% and 6.48% respectively.

- See more at: http://krinstitute.org/KRI_Maps_-%E2%97%98...h.GEDvEjho.dpuf


This post has been edited by icemanfx: Aug 24 2015, 01:57 PM

Extra cost as Donation mah..

If stampede is not a herd behaviour, is what then?

Did Malaysia economic fundamental change suddenly? Only herd bahaviour could cause drastic and irrational price change.

This post has been edited by icemanfx: Aug 24 2015, 03:12 PM

Fundamental still strong, just that perception going wrong direction..

When the dust settle on Dow, it will be time for cherry picking.

When Dust is settled is already Dawn then a long Cold & Shivering Night for you to hold till Morning, if you can even survive thru the Night... kekekeke

Where we live, dawn is the first light of morning. But I am not too sure about where you come from.

This post has been edited by icemanfx: Aug 25 2015, 05:16 AM

Any idea when is a good cherry picking time ?

Hehe..

Then is when dust settled is a long wait thru the chilling night before dawn rise...if you can survived thru the night. . kekeke

So Icybaby when is the exact timing to invest ? Your Shanghai stock really gao2 burn in hell fire so do your NZ$, seem like all your predictions went opposite including KV properties still not plunge like you expected, infact no sign of it going down at all..

When the herd give up hope.

This post has been edited by icemanfx: Aug 25 2015, 08:54 AM

The heard already give up Bukit Beruntung & Lembah Beringin, why don't DDD go & whack there ??

Those bought at Bukit Beruntung & Lembah Beringin were herd. You don't expect others to follow blindly.

In 1997 Asia financial crisis, it was companies that were over geared. However, this time, it is households that is highly geared.

If current stock market sentiment is carried over to banking sector i.e credit crunch, many individuals will face bankruptcy.

This post has been edited by icemanfx: Aug 25 2015, 02:30 PM