Uuu/BBB wanted.

then you never ask why it went over 50% in such short period of time 

40% drop in 6 months? How do u calculate to form this conclusion.
Thx

I thought re-auction period is about 3 months (1 quarter), so 4 quarters in a year is about 40% a years. Correct me if im wrong.

To be fair, I still have condo units generating positive yield. One of it is more than 10%. But if one goes in today, it will still depend on the entry price, the deposit, the return and it's cost.

I am still purchasing, in fact after selling off those 2, I bought another 2 which I believe will have a better potential to return more than 4%.

Furthermore this time smart already, entry cost is less than 40k so my opportunity cost to be negative is lower and I pump my money somewhere else for a higher return.

Property is not all ddd. Still can buy but super selected and lots of homework. But I believe it's rewarding if done correctly.

Depending on the entry cost. I tend to look lesser on auction and subsale these days because of the initial upfront cost of around 15% and almost instant monthly payment since banks will disbruse 100% within 3-6 months.

So the opportunity cost you need to calculate the upfront 15% + monthly installment compunded to your target no of years to cash out.

But if u buy with cash and the rental can yield you more than 4%, I would suggest auction prop or even subsale. If loan, I don't really recommend.
If your property does not generate the return you intended after the no of x years, then the prop is not generating good enough return for u. You can refer to the qoute above on how truesmartinvestor calculate.

I only bought 1 auction unit which is less than 150k 6 years back and so far the yield is pretty good around 8% nett which the value increased around 50% over the past 6 years which is around 8% increase per year

But the value is now stagnated and I think if I were to liquidate it will be less than 8% pa. So far I will keep it since it's generating more than what I can find outside, and will liquidate it when I find better opportunities

To be fair, I still have condo units generating positive yield. One of it is more than 10%. But if one goes in today, it will still depend on the entry price, the deposit, the return and it's cost.

I am still purchasing, in fact after selling off those 2, I bought another 2 which I believe will have a better potential to return more than 4%.

Furthermore this time smart already, entry cost is less than 40k so my opportunity cost to be negative is lower and I pump my money somewhere else for a higher return.

Property is not all ddd. Still can buy but super selected and lots of homework. But I believe it's rewarding if done correctly.

Erm wrong calculation.. Did not factor in that investor only took 10% on capital and the keyword is leverage..

Return should based on capital u folk out

Buy property 685k does not mean he using 685k as capital and the fact he just using 68.5k as capital..

Pls give your opinion if u think wrong

sudah explode belum?

everyday bubble pop bubble pop so when only pop

Yet again. No taker. 50% price slash now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 27-Feb-18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000
8th auction Rm480,000 --> current reserve price

Anyone taking?

bubble liao la...

few mths ago i go text 1 agent..

i tell him i wanna sell my apartment...

he ask me how much i wanna sell..i say RM1.1m..then he say cannot la..now market price only RM1m....so sure cannot sell.

Then i tell him..like this nevermind..i keep for a yr then see how..

the next day he txt me back says bank revise market value..now become RM1.08mil...and ask me whether he can proceed or not.

Honestly buying condo in Cyber for staying is pure waste of money and time. Myself bought landed in Cyber but condo is a big NO NO. Full of arab and african students (every single one of them) where you can't even enjoy the condo facilities peacefully.

On another note, always wonder what happen to those owner's credit score when their house got auctioned. Can they apply for another housing loan or will they blcklisted by the bank?

S&P price of Mutiara Ville, Cyberjaya unit bought in year 2014.
Units now sold only at below 300k in the lelong market. Not just 1 or 2 units. Handful of units in lelong.
Anyone still saying property price sure confirm increase one, just show this example.

it wise to let go now? or it will getting worst in coming time. my unit in setia alam now on rental but afraid after move out may diff to find tenant. now sa house like over supply including bkt raja. some more mine is old phase house, 10 years.
last 3 years valuation 500k. now got value but no buyer. buyer now has many choice to choose due to the oversupply.

Another unit sold today at below 300k. 1000sqft Mutiara Ville condo. Here's the winner. Only single bidder. Wow. Nobody else interested even at below 300k. Check my previous posting to see the S&P pricing of such unit.

Bank is a bitch nowadays.

very bitchy indeed.

Damn you are right. With so many contractors scrambling to build so many of these so called "affordable housing" by the government, it would not be a surprise for the market to head this way. Moreover, these homes are mostly build on prime and strategic locations.