In auction can shoot if more than 30% under market value (asking price). Just pay cash

I dun like auction. Usually is haunted or have problem house. Feng shui also not good.

I'm looking for new project or at least house less than 20 yrs where I can visit and determine good or not

2011 price i dunno. I start monitoring since last year only. Im interested to buy house here, still saving money first.

Cant say . I'm eyeing that unit

u go to auction portal. see whats the reserve price for the housing area

yup.. last year..

deloverper leave higher floor wanna sold fast for.go for future plan gua... but i bought last year pay for almost one year interest... buy now more good.. atleast no.need pay for interest edi. for the rebate before.spa bot tht high la.. some rebate is with t&c

icemanfx

Relevant to your constant sounding of alarm bell on subprime crisis in Malaysia.

What is your comment on this article especially point 6: consumer sentiment appears set for recovery? Given your argument that as more units VP more people - who will be unable to flip their properties (or even those who buy for own stay) - will have less disposable income, and that we ain't no seen the aftermath of the the end of US QE, is this article BS?

http://www.thestar.com.my/business/busines...est-in-malaysia

This post has been edited by Aurora Boreali: Mar 18 2017, 07:48 PM

This article verified the kangkong land economy has been on downtrend or doldrum.

Consumer sentiment follow income and wealth, will improve if income or wealth increase.

Will pile of dirt under the carpet waiting to surface after the next g.e. Consumer sentiment is more likely to dip after the next g.e.

With many alternative and better investment available, doubt foreign funds would consider kangkong land anytime soon.

This post has been edited by icemanfx: Mar 19 2017, 11:02 AM

Omg! 😲

Buying a RM500,000 property? Better to rent, says expert
Robin Augustin | March 22, 2017

PETALING JAYA: Thinking of buying a RM500,000 house?

A veteran property expert said for that amount of money, renting might be a more viable option given the price of properties and the rising cost of living.
“There is no shame in renting,” Ernest Cheong told FMT in a recent interview.

“People often say, ‘If I rent a house, for the next 30 years I will only enrich the landlord and after 30 years I won’t own a home’.”
Cheong said this was only true if a person could afford the monthly instalments for 30 years.

But even then, Cheong said, given the inflated price of properties and the rising cost of living, people looking to own a home shouldn’t rush into owning one because, in the future, they might have other needs such as their children’s education or medical expenses.

“Let’s look at a RM500,000 property as an example. Say, for that price, it is a 1,000 square feet apartment in Puchong with three bed rooms, with a rental value of RM1,500 a month.”

“One man, Harry, rents it for RM1,500 a month, and his neighbour Sally decides to purchase her unit for RM500,000.”

After 30 years, Cheong said, Harry would have paid his landlord a total of RM702,000 assuming that after every three years the rent was increased by RM100 per month.

Sally, meanwhile, would have paid RM50,000 for the 10% deposit required and taken a RM450,000 bank loan to pay the balance 90% of the purchase price.

“She would also have to pay around RM40,000 in stamp duty and legal fees.”

With a 30 year loan, Cheong said, Sally’s monthly repayment to the bank would be around RM2,734 per month.

“In 30 years, Sally would have paid the bank a total of RM984,240 (RM2,734 x 360 months) and plus the 10% (RM50,000) deposit and RM40,000 legal fees and stamp duty, she would have paid a grand total of RM1,074,240 for her apartment.”

Cheong, a chartered surveyor, said over the period of 30 years, the value of both properties might increase three-fold, but this might only be on paper.

“In reality, we are now seeing an oversupply of residential units and with the rising cost of living, can many people say with confidence that they can afford a bank loan repayment of over RM2,734 a month for 30 years? Or that the value of properties will go up as planned?”

In recent times, Cheong noted, it had been reported that EPF figures showed there were 14.5 million working Malaysians in the country, of whom 89% were earning less than RM5,000 a month.

Cheong said a lot could happen in 30 years, with children needing to go to college or salaries not rising in tandem with the cost of living.

“So in reality, renting may not be a bad option because it allows you to be flexible. Lose a job or need to raise funds? Move to a cheaper place. If you take a loan, you’re committed for 30 years. Sure, you could sell the place, but are you sure you can get the ideal price given the oversupply of properties nowadays?”

Cheong said if people couldn’t afford to repay their bank loan at any time within the 30-year period, they might lose all their money, or even be made bankrupt if they could not sell the property at a price sufficient enough to pay the balance of the loan.
This, Cheong said, was why renting a property – rather than buying one – was a viable option which people should consider.

http://www.freemalaysiatoday.com/category/...nt-says-expert/

BBB would keep on BBB😂😂😂

Too bad jew can't tell what the good and bad investment in the market. Credit Swiss made a lot of good point. Property now is fully in BBB mode, jew can wait for another bubble in the next 10 years

No doubt, those have vested interest wish price uuu until give up hope.

You can do whatever you want with your money.

Some may know a few o&g companies have defaulted in the small red dot but none is heard in the kangkong land. if oil to stay below $50, mo1 may need to call the next ge sooner than originally picked by astrologist. after the next ge, cat will be out from the bag.


This post has been edited by icemanfx: Mar 24 2017, 07:16 PM

Poor people today are loaded with high dose of disposable income, dream house program build house for less than 100k attract so many poor people to attend it, Ayam think poor people are readily to BBB anytime sooner. Wait for bubble to buy a 100k house? It must be the best joke Ayam could get.

The more rm100k house supply, the better for the people, those qualified must buy even queue for one week.

Seriously????

If you really DDD also... you think this argument logic is valid? I think this expert is one of the worst expert I have come across....

You buy... end of the day... you still got the property you own which you can sell and recoup back the money... this expert fail to include this scenario ...

The rm702k is paid and burnt up in the air already.....

http://www.theedgeproperty.com.my/content/...erin-properties

Bincangkan

bearbearwong icemanfx

Since when snake oil seller claim this year is not the best year to buy?