But Penang properties only UUU.

Penangkia have strong holding power because all houses they owned were purchased below RM100K last time, now selling price RM1Million

You want to buy? dun want i hold coz i already finish paid the morgage.

1000% profits!

Location?

My friend house in GVH drop below developer price... bearbearwong  can u confirm this?

If u r a yield investor, see which one makes investment sense, new is nice but u may get 3% yield, old maybe u can get 7-8% then why worry?

I have not bought a new property in the last 7 years, but I have purchased 4 properties, all on auction and 30-40% under prevailing market rate. I like new properties but I am not emotional, I only buy when I can get minimum 7% yield. So put ur emotions aside and make a business decision.

Many think new properties will have tremendous capital gain, not always true except 1st buyer but tha too no one does a nett investment calculation after all the interest u have paid during construction if the capital gain is great or not.

It's always a calculated risk. My margin of loan is only 70% so 10% down isn't an issue. If I can be blunt, if u can't afford 10% of purchase price you should not be buying a property.  This is the bull shit developers now created by illegal discounts which by law is illegal but no enforcement. I saved like hell 16 years back to buy my first property, 2 years saving, no car, then BY luck I got a decent relocation bonus from company, then I dumped 10% into a house. Today young Turks want everything fast and easy.

Maintenance is almost always paid by bank for all outstanding. I have not seen cases where buyer pays.

Repairs - again no different then buying a sub sale.  Any property u buy u will spend money to dget it up to ur taste, even new one.

Vacant possession - can be an issue, keep 5k as contingency if u need to get court order.

A good auction agent is key, don't ever trust normal real estate agents who only do auction part time as they only want to rip u off some commission , i work only with full time auction agents like auction list or Lelong tips. They help me sort out allot of issues and th y do this day in and out.

Finally auction u can gain allot but it's also not something for people who are cash strapped. Example I may end up buying touts and syndicates out or give my agent some money to sort matters out, on average each auction cost me 5-8k of the addition cost but that gives me peace of mind.

Property is a life long, illiquid, hard commitments. Many young Malaysians in general dive into it without and exit plan or holding plan.

now the discount trend is
Preview 8%
Launch 8%+2%
after launched 3 months 8%+2%+lucky draw
after 6 months 8%+2%+lucky draw+cash rebate....

the best discount in 2016 is from subsale market

Omg!!! ..just found out my fren condo is up for an auction from browsing the auction site 😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱

So shocking!

I had the same shock a while ago, when I noticed a house on auction in my neighborhood. After checking it was very close to my own house. Then after a while I noticed they started removing everything they possibly could from the house.

How are the 'crooks' going to catch themselves? You already know who are the biggest 'crooks' in siphoning big sums of money out of the country.
buying domestic assets could never hedge against forex loss. Like mentioned, its just another better way of parking one's money other than saving it in the bank.

You are right on the High NPL rates. This I confirmed with my bankers. Not only NPL high on residential loans, car loans, personal loans and credit cards are also recording high NPLs.

Expect banks to tighten lending with rising npl. Those hoping for quick flip is in for the long haul.

Invest in u.s stocks a few years ago could be a better option than kV property even without considering depreciating rm.

Sure us market is doing good
Ayam more worry if us not doing good
Ayam may get lesser return but at much lower risk (currency risk?), less mistakes to be made (not all us stock make money) and less leveraged risk, long term wise property is a BBB UUU and easily outperform U.S. market. Nothing can stop it.
Keep waiting for the bubble.

Instead of individual stock, one could choose etf and brk.b.

On forex, rm already depreciated by over 30% in one year and likely to depreciates further.

Most bought property on leverage. Profit as well as losses is magnified by leverage.

Unless market sentiment changed, kV property is on downtrend. With oversupply and bank tightening residential loan, kV property is unlikely to uuu anytime soon.

House do not exposed to any of the risk.
And Ayam is getting guaranteed 10-15% income every year? Why do Ayam need to worry about the risk?