but still there r many rich guy here...poorer get poorer,richer gets richer

Just US$485,000 (S$655,000) in net wealth in Malaysia is all it takes for you to be categorised as the richest 1 per cent here, or to be richer than 99 per cent of the Malaysian population, according to property consultancy Knight Frank’s latest report.



https://www.todayonline.com/world/malaysias...-report-2182201

Malaysian is poorer than most expected.

This post has been edited by icemanfx: Dec 15 2023, 02:16 PM

This post has been edited by icemanfx: Dec 29 2023, 12:12 PM

This post has been edited by icemanfx: Dec 31 2023, 02:08 PM

Good bro. Hope people realise not buy overpirce poorpity anymore those who already used multi sub technique follow sifu will suffer.

Wei dont simply quote the post without any context with it.

I do have property that bought in 2017 and have 20% papergain based on current transaction.

So please dont simply quote something out of nowhere.

Perhaps you could share the development.

Do you realize how much loan interest you have incurred since 2017?

Can share which threads are these from? Would love to read.

QUOTE:
QUOTE(submergedx @ Dec 31 2023, 04:57 PM)
This one really need government to regulate one

I remember clearly that Cyberjaya has a famous TOWNSHIP contain everything inside, got hotel got corporate tower got park, end up nothing as everything are just ARTIST IMPRESSION.

The buyers really upcar with their products.
Really sohai developer name start with O
-----------------------------------------------------------------------
3 Letters?
Clue: O_K ?

This post has been edited by zeezezee: Jan 1 2024, 08:46 AM

Would you kindly share 10 Mont Kiara current transacted prices?

Many thanks in advance.

To be honest this depend on the property & location.


Not all place will lose money, some actually gain.

Happy New year bros !!!

May the huat be with you.

Poorperly market is like bell curve distribution, there is always two sides of outliers. What matters to most is >=80%.

According to professionals, only subsale industrial poorperly price rise in the last year. At the same time, there were a few factories available from liquidator at significantly cheaper price than bank valuation. Due to imperfect information, poorperly price is often misquoted.

Not to mention increase in lelong market. Now is buyer times. Can get 30-40 % cheaper than developer price in klang valley.

Auction price is not recorded by napic. Hence poorperly price index almost impossible to be negative.

Well, if loan, actual price becomes 1.5x - 2.0x. Maybe more in some cases.
Plus, it is not like 20 years ago that you can expect price go up a lot in 10 years time. Of course, it depends on the location and the quality.
So, a lot of the properties can be considered as bad investment, especially if your aim is to flip houses, which I think is one of the worse investment methods.

One will need to learn a lot about property investment and do a lot of homework to find that 10%(?) good investment.
This is true for everything else, to be honest. It is always a bad idea to just go blind to do something. Most of the time, you will fail miserably.

If include loan interest and expenses incurred since 2013, losses is greater.