you are thinking from a middle class salary man point of view.

the riches don't really bat an eye on rentals, their main goal is the big profit they get from selling. and no they don't target condos, they target big houses, shoplots & tall buildings. that is where the big money comes. of course having tenants is a plus it can cover the maintenance, and improve cash flow, but it's not a necessity.

if the businessman is cost conscious, they will usually rent it out below market price just to absorb some cost, their main interest is selling profit.

you need to tell us the location/property type/size/built quality at least. we can't tell you should or shouldn't without more info.

redevelopment repayment is like this:

Commercial >>>>> Shoplots >>> Landed House >> Condos/Apartments.

it depends on it's financial value, so residence gets least pay, and since Condo/Apartment you don't own any of the land, you get paid peanuts.

I tell you papan house gets more compensation than your nice condo/apartments.

not just land size, location and it's financial value of the old building.

like Ampang Park, they got paid hefty amount due to being in prime location, despite the old building.

highrise buildings usually price starts to slow down after 15-20 years mark, whether lease or freehold doesn't matter much, it only affects the smoothness of selling.

for landed, it depends on the location, leasehold/freehold plays a major part in the value, as with freehold, the older the house, the higher the value, not because of the house, but the land.

that is why i kept saying poor people should avoid buying apartments for own stay, because with landed house, at least down the road your future generation can benefit from it, at least the land, they can opt to sell or rebuild.

Land is the most expensive thing, not the house. that is why developers building high rise instead of landed house.

v20 liao, where bubble ?

How many big house, shop lot and tall building are left vacant? Building without occupants decay. A decay building is unattractive to buyer and sell at a discount.

So those bought condo for investment are in a fix?

no, why would developers want property to bubble pop by oversupplying affordable house?

simply because people can't afford expensive properties so they have to find income on lower cost houses.

those gomen cheap houses, usually for songlap purpose.

i mean how many people you know successfully got one of those houses?

even that 1Malaysia loan scheme, anyone managed to apply successfully? I mean like ANYONE?

If peasants could afford to buy landed, they won't buy high rise.

For lease hold, there is a possibility to renew lease.

Only those blinded by greed failed to see.

This post has been edited by icemanfx: Jul 17 2017, 03:28 PM

hi, shop lot being empty doesn't mean there is no maintenance.

you see that Green building near sungei besi the primary school, has been completed for years, but no approval, still they have securities & not runned down.

it depends on the owner. if owner is Money come too easy like Kronnies or corrupted officials, then they would just leave it there unattended, when someone wants to buy, buyer pays for the asking price, then sendiri fix everything up, that is how Money come too easy people do things. and no they aren't afraid of losing holding power because their money comes in too easy. many just holding onto them feeling good they have many properties and worth alot, they aren't short of money.

and for condo for investment, no. Those buying for investment generally rent it out while waiting for buyers. they are usually looking for sales around 5 years, they won't wait until 20 years later to sell. by then even with good management the condition, may, or may not be that great.
many willing to sell ASAP as long there is buyer & price is good, all the added cost are added into their sales price.

it's those that buy for own stay that is in a fix. because even with house price going up they can't sell. and if they can't finance, they are fucked. and many years down the road, their children & grandchildren will benefit less compared to a landed house.

hi, Commercial buildings are different from resident high rise, commercial buildings have higher maintenance requirements, as they are more valuable, and owned by usually 1 owner. resident highrise, even if you extend your leasehold from 99 to 200 years, ur apartment still ok?

for house, you can extend, and you still have the land if you want to demolish the house, the land is still yours, and if reclaimed, you get much higher compensation than condo.

don't get it? sorry. i have a thread talking about these and i really really really don't feel like retying it like the 5th time everytime a new property thread comes out.

https://forum.lowyat.net/topic/4304910/+20

if you die die must stay in KL or nearby then sorry bah, better just to rent a flat. save the money buy a house far far away, at least you can retire there.

Cronies are few in number, most park their wealth offshore out of reach of alma.

This post has been edited by icemanfx: Jul 17 2017, 03:42 PM

so aggressive today. save it for next month

not trying to fitnah, you go check royalties extended members how many edi?

of course not many, 10% of the population holds 90% of the wealth, and top 1% holds majority of those 90% wealth.

they park their money overseas, but they have so much money they also buying up alot of local properties. they still living in Malaysia and plans to do so until shit hits the fan, so it's good having money in Malaysia, at least they are protected.

if not, like 1MBD, 2.6Bil gone like that, America says thankyou Malaysia.

next month need to prepare banners already.

Election is around Q1-Q2 2018.

Sorry I am behind the acronyms a little. What isUUU and BBBb? WI do not know what you guys ar etalking about since I am not an investor

Well, it is one of the many serviced-residents there. 500+ sq ft, won't mention the exact place though.

Also, I dont plan on buying any property in CyberJaya, no offence to them. But I prefer Putrajaya, there is much more food and leisure variety there. The water feature is much more vast, the people are more relatable (if you know what I mean), and as such the food is more appealing to me thatn Cyber's.

I got a very cheap rent in Cyber, which is the reason we took it, wife works in Putrajaya which is just 10 minutes away; if I had the choice though, I would have stayed in Putrajaya instead.

As per bolded I think ur talking about whole different playing field here. Although the thread is titled property bubble, it's actually talking more specifically on the housing bubble in kv. You are right that the bolded type of property usually owned by rich people and they will hold until they get their selling price.

However, what people has been complaining about all these while is the prices for residential properties and the majority of people are self aware that they're not aiming for big houses. Landed houses for example, most working class are practical enough to target those with land within 2000 sq feet and even more are just targeting condos/apt within kv. So pretty much different segment/type of properties held by the rich. Hence, even more reason to support the notion that most of the unoccupied residential properties around are being held by overstretched buyers instead of rich people with holding power. That is why these residential property prices will drop with the current softer market.

Dah lah bro. I have 3 factories with PRC partner in China. Doenst matter how u want to phrase it, it is happening and is already happening. What u are saying is the property will crash which is not going to happen. Just quote me one instance of property price going down around the world? I can name u uk , ireland and china. Take uk alone in the last 5 years everyone say property crash ada crash kah? U go survey la. Ghost city in china, u see price down? All kena buy up also and keep as property.

Lolz. U too naive man.