Before any go buy BSS

http://www.themalaysianinsider.com/citynew...dayan-residents

I would guess you did not buy Elvina from Matrix Concepts Holding Berhad (MCHB), most probably your S&P signed with a RM2 company(a wholly owned subsidiary of MCHB). Sadly, but there's nothing you can do but sue the RM2 company and get maximum compensation ........ RM2

Welcome to Malaysia. Malaysia Boleh.

Elvina launched Jun 2015.

USD to MYR @ Jun 2015 = 3.65 to 3.78

Current USD to MYR around 4.40+
- would it recover?
- would it drop somemore?

1) How much % of construction cost is tied to USD?
2) How much variation of construction cost did the developer catered for?
3) if MYR drop somemore, would Elvina be completed? and if completed (what about quality)?

And for units launched in 2011-2014 when USD to MYR was at 3.00 to 3.30, what happen to them?
Some are just completed, and some completing soon.
History always repeat it self.

I'm not an expert , that is why i'm asking the question
Most, if not all international trades are quoted in USD.

Any expert in forum can answer this?
1) How much % of construction cost is tied to USD?
or
- How much % of construction cost required imported materials

Goverment statistics is provided, but do need an expert to convert it to actual value.

http://www.cidb.gov.my/cidbv4/index.php?op...mid=331&lang=en

My experience of simple renovations works in 2014 and 2015, i've noticed prices of lotsa stuffs increased.
An increase of RM3 for a pipe faucet is not a lot for an individual house owner. But when you doing few hundred houses multiple by x No. What would the decision be? use cheaper parts or absorbed the cost?

Gambling - Wikipedia
Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize.

Buying an uncompleted unit with so much at risk. I would term it gambling.

"For the small purchaser... sometimes can't do too much on it... "
- even more reason for the small purchaser not to gamble their savings.

"If have choice, select reputable listed companies... at least more transparent on the financial report and investor relations info."
- and yet, the S&P is still signed with a RM2 company.

Lots of sub-sale units available in and around Seremban at 150-300k. Adding another 100-200k for renovation/furnishing/fittings and you can have a piece of mind with a fully furnished+renovated home (+ with extra $$ in pocket)

This post has been edited by ikanair: Sep 26 2015, 09:03 PM

I'm not an expert on the property sector. As such i cannot properly judge the risk involved (i do wonder sometimes, if the "expert" are really the expert )
I only got question and no much concrete answer.

To commit any amount of my salary(20% or 50%) for 20+ years on a promise by a salesperson.

The solution for me is simple. Don't take the risk(i.e. don't gamble)

The complain by kampung folks when price increases "What USD go to with us, we only used MYR only mah"

Irrelevant?
If the the developer absorbed the extra cost, then all fine and good
but if they chooses the other road

I also stay in kampung, but a different kind. I guess we all do, in a way, in global village.

http://www.tradingeconomics.com/malaysia/housing-index
Would this index turn negative?
Happen in 1998/99. History always repeat itself.
It feels worse in 1985-86, but for the above link, the data doesn't go back that far.

That is a big risk to take, when you have no control, especially when there are other choices abound.

My apologies. I shoot my own foot. Mouth too big.
Now i will go hide my head in the sand for this shameful behavior and will never come to this forum again.

neonikson1 bro, please go to ROC/SSM and request a copy of the company statement and post it here, so we all may learn more.

cheers and good luck.

Your images of 3 leang lui are too distracting to read ur post, my eyes keep looking at the leang lui instead of the text.

Lastest subsale prices. crazy prices for crazy days

http://www.theedgeproperty.com.my/trends-a...sri%20sendayan#

The only way you can get exclusivity, is by making the cost too prohibitive to the public, current cost of BSS is not there yet

(what if a uncouth lowbie rent a unit in BSS and ask for access to the club thru the owner?)

Unless membership in the club is by invitation only, there's nothing exclusive about it

In the other hand, what's so bad about the public that you need exclusivity?
Good manners and civic mindedness does not comes with the ability to purchase a club membership(or house)

Exclusivity - Be careful what you wish for, you just might get it

https://en.wikipedia.org/wiki/Kuala_Lumpur%...High_Speed_Rail

60% of buyer are from KV (sales person tell them the HSR ) and conveniently left out the completion date of 2026

Wonder what will happen during the 6-7 year of waiting for HSR completion

wait until mosquito sleep

*2026 if according to plan. Track record of project in Malaysia Boleh?

MAB's business class ticket promotion price is RM215 one way, no promotion is RM750+

HSR pricing cheaper than full business price? or cheaper than promotion price?

Would be super expensive for me to pay RM749 one way to go singapore

What would the price for shuttle service from seremban to kl?

to borrow IJM advertisement ‘Work in KL, live in Seremban’, but how much is transport cost?
*maybe enough to top-up monthly installment to buy house in KL

If you buy your property now at 1 Million Ringgit (just a number for easy calculation)

after 10 years , how much capital gain would you expect?

Simple way of looking at it, few things or more need to happen
A) Salary/income increases , or
B) interest rate reduced , or
C) super boom time, where lemmings jump in
D) ????


How much the general population salary increased?
http://www.tradingeconomics.com/malaysia/gdp-per-capita

Based on GDP, A) Salary cannot catch up with current interest rate

for B) , US already increased rates, would we reduce? or increase?

C) are we in this current cycle?

D) for property sifu to comments

Market value

http://www.auctionlist.com.my/auction/inde...ate&ascdesc=ASC

or https://www.youtube.com/watch?v=rY0WxgSXdEE

Surprising valuations of RM550k, when you check the current auction listing, reserves is at 378k for a semi-d

http://www.auctionlist.com.my/auction/inde...d=230915041530&

Address : No. 1158, Jalan Hijayu 3/43, Hijayu 3, Bandar Sri Sendayan, 71950 Seremban, Negeri Sembilan
Category : Residential
Type : (Rumah Dua Tingkat Separuh Berkembar)Double Storey Semi Detached House
Tenure : Freehold
Land Size : 1,800 sq.ft
Reserved Price (RM) : 378,000.00
Auction Date : 2017-01-23

Seremban is not ghost town, lotsa ppl live here, but not enough people for the price range currently those new houses are marketed at.
and the ppl (lotsa retiree's) who live here already got their own house, why spend 500k ?

Developer should just build a whole bunch of single storeys houses, these would be in great demand, but as all greedy developer they want to maximise profit


Just wait 5 more years, when it really turn to abandonded house, can consider buy it for the cheap, my retirement home

My target price for BSS would be 200+k for a DSL ,
some say it is a dream, but time will tell, just need to continue monitor the auction prices, where the true market value is determined, not some mumbo jumbo developer price

I would not buy a DSL, getting old, Single storey works much better for me, no stairs to climb

Would you consider a DSL of 1800sqft at 378k a good buy?
Anyone knows how much is the original developer price?

Anyone nearby can drive and take at look at No 1158, Jalan Hijayu 3/43? just to confirm it is a DSL not a Semi-D

The true indicator of the market value is the transacted price , let's wait and see how much this auction unit sells for
It does not matter if the current advertised priced is at 1Million,500k or 300k, what matters is the transacted price

BREXIT is unlikely, TRUMP win is unlikely, but, who knows? 200k for a DSL in BSS might just come true, and if it does, i go buy 2x Single Storey house or 1 corner single storey for my retirement