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Auction properties
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icemanfx
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Oct 5 2018, 10:16 AM
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QUOTE(leodinouknow @ Oct 5 2018, 10:00 AM) the first chance to invest property is 20years ago. second chance is today According to a recent report, property bought 17 years ago, value appreciated at about 5% p.a. or below. unless one could catch dead chicken, current market price is above long term, likely to remain stagnant for extended period.
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icemanfx
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Oct 9 2018, 08:43 AM
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QUOTE(sengg @ Oct 9 2018, 01:01 AM) If you're referring to net profit, then most probably you can't even justify your statements with figures besides hearsay. Generally, the figure is only about 20-30% net profit. Have a look at all the public listed developer's p/l statement before talking nonsense here, sure u can claim they understate certain stuff, but there're at least 30 property developers listed at bursa malaysia. You might be surprise the bangla are paid at least rm90-100 perday in this industry, and 1 site can easily have 150-200 labours. that's about 20k perday From planning, approvals, construction to vp, a project could take over 5 years. How many will invest in a project for 30% net profit on capital employed over 5 years period? if profit is petite, some developer would not have spent lavishly on party of the century, fleet of super cars, a few ten thousands a night in ktv, etc. This post has been edited by icemanfx: Oct 9 2018, 11:25 AM
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icemanfx
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Oct 25 2018, 05:29 PM
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QUOTE(lucerne @ Oct 25 2018, 12:25 PM) go back to earlier question, if u are the only bidder , and the auctioneer agreed to let go at reserved price then u have to accept.. saw a person regretted after hammered. Until bidder raise his hand to make a offer e.g at reserve price else registered to bid is non binding as it is only express of interest not a offer.
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icemanfx
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Oct 26 2018, 03:13 PM
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QUOTE(dragonnite999999 @ Oct 26 2018, 01:22 PM) can auctioneers forfeit the bidder 10% deposit bank draft if he is the only bidder & refused to bid? No.
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icemanfx
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Oct 26 2018, 04:24 PM
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QUOTE(forever1979 @ Oct 26 2018, 04:12 PM) you sure ? last time i thought for high court case, the bailiff can do that. Submitting bank guarantee merely qualified one to bid.
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icemanfx
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Nov 1 2018, 04:05 PM
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QUOTE(Zavia/GenX @ Nov 1 2018, 03:50 PM) Cos sometimes other property they have didnt rent out or losses in forex/stock/emas/premierleague/medical, then cannot bayar the bank the monthly mortgage, so use cc for food and petrol, then when cc maxed out, and friends n family sudah disown, have to jual assets. Then mau jual in short period cannot, bank take n lelong, ggwp. Our liabilities all are 'dangerous' to carry, car loan house loan credit card unpaid student loan makbapakbrothersisteruncleaunty loan and so on, if we dont juggle our finances well we have to face the consequences. Many listened to poorperly guru, housing loan is a good debts and didn't realize/mention debts is only good if keeping up with repayment. This post has been edited by icemanfx: Nov 1 2018, 04:12 PM
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icemanfx
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Nov 2 2018, 03:13 AM
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QUOTE(David_77 @ Nov 1 2018, 06:17 PM) super sure boss. she gives FB lah, bitcoin lah, jjptr leh... all profit making vehicles. people buy popoti are lousy  If amateur poorperly flippers could beat established professional/companies/brand-name in the long term in profits and appreciation, they should be in fortune 500 not fb, Coca-Cola, McDonald's, Nike, Starbucks, etc. This post has been edited by icemanfx: Nov 2 2018, 03:36 AM
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icemanfx
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Nov 2 2018, 12:15 PM
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QUOTE(leodinouknow @ Nov 2 2018, 10:59 AM) how about those unsucessful business? a lot shop closing and some run with customer deposit too. 90% of new business close in first 3 years. Why invest in new business not established business? QUOTE(New Klang @ Nov 2 2018, 11:20 AM) Cari makan only. Flip a bit here and there. Can never go big. the profit is good enough to live above average. Can you teach how to get into fortune 500? Join them, many are public listed, easier to buy their stocks than house.
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icemanfx
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Nov 2 2018, 12:21 PM
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QUOTE(David_77 @ Nov 2 2018, 08:11 AM) Sure. What ever you said. You’re de expert 😊 QUOTE(gld998 @ Nov 2 2018, 09:26 AM) I am only a economy student, not a expert, this is just common sense.
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icemanfx
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Nov 2 2018, 12:22 PM
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[quote=leodinouknow,Nov 2 2018, 12:20 PM] [quote=icemanfx,Nov 2 2018, 01:15 PM] 90% of new business close in first 3 years. Why invest in new business not established business? invest? why not own startup a company? [/quote] As said, 90% of new business failed within first 3 years.
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icemanfx
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Nov 2 2018, 12:45 PM
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QUOTE(David_77 @ Nov 2 2018, 12:32 PM) Common sense is the collection of prejudices acquired by the age of eighteen. ~ Albert Einstein (1879 - 1955) Physicist & Nobel Laureate Perhaps why only about 3% of adults in this country have over us$100k net worth because many of common Sense is not economical or sensible. This post has been edited by icemanfx: Nov 2 2018, 12:50 PM
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icemanfx
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Nov 2 2018, 03:11 PM
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QUOTE(David_77 @ Nov 2 2018, 01:10 PM) Because the common sense you cakap bukan absolute truth. Student of ekor-nomi macam ini one meh? Tapi you expert kat FB, jjptr, mlm, so lack of something between ears is ok. Terbaik lah you ✌️ If one couldn't distinguish fake news, his common sense is similarly confused.
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icemanfx
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Nov 2 2018, 03:36 PM
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QUOTE(New Klang @ Nov 2 2018, 03:29 PM) How to join? got any contact? by the way, when will property collapse? you were active in predicting collapse in 2018? Still have 2 months to go, looks like neither up nor down if you filter the few countable lelong condos. I am looking at 2019 as I already close my account this year. Need you to continue spread the DDD sentiment so that more cheaper choices for me. As said numerous times, property is illiquid, price will take years to bottom. As most bought property with loan, price stagnant mean incurring losses on loan interest. Market sentiment is collective sentiment of stakeholders, couldn't start or spread by a student. This post has been edited by icemanfx: Nov 2 2018, 04:20 PM
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icemanfx
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Nov 2 2018, 05:03 PM
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QUOTE(gld998 @ Nov 2 2018, 04:38 PM) Definitely more then 3% have us$100k la.. easily 15 to 20% Not according to a i.b wealth report.
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icemanfx
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Nov 3 2018, 01:31 AM
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QUOTE(leodinouknow @ Nov 2 2018, 07:32 PM) some never declare full tax. our sugar king also kena til fed up go hongkong QUOTE(New Klang @ Nov 2 2018, 08:00 PM) Plenty not declaring high income and high asset ownership. Why pay extra tax? Economy student need to get hands dirty by doing and not talking. Private bank probably know hidden wealth better than anyone else.
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icemanfx
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Nov 14 2018, 12:49 PM
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QUOTE(puchongite @ Nov 12 2018, 06:49 PM) So many of the so called bidders are just people going around to collect easy money ? One needs to submit banker cheque before could bid. QUOTE(puchongite @ Nov 14 2018, 12:05 PM) Can I ask some dump question about auction. Do banks often lose money in auction involved deals ? How often they can recover their money ? Any average figure ? Bank will recover any shortfall from borrower. Bank don't normally write off until borrower is declared bankrupt.
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icemanfx
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Nov 14 2018, 01:09 PM
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QUOTE(puchongite @ Nov 14 2018, 12:57 PM) So that's the working capital. Submit banker cheque and negotiate offline with the most interested bidder ? Only experienced bidders are willing to make deal.
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icemanfx
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Dec 1 2018, 01:56 PM
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QUOTE(leodinouknow @ Dec 1 2018, 01:19 PM) 10bidder for luxury? bbb mode le, where the prediction economy colapse 2018/2019? Economy collapse from nuclear war or Ebola outbreak?
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icemanfx
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Dec 1 2018, 04:37 PM
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QUOTE(leodinouknow @ Dec 1 2018, 03:31 PM) maybe 8dec riot which currently hot topic in fb? There has been a change of gomen if you don't realize.
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icemanfx
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Dec 18 2018, 03:03 PM
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QUOTE(potenza10 @ Dec 18 2018, 02:24 PM) what happened to the owner after unit kena lelong? even the lelong price is more than outstanding loan with bank? kena blacklist? At current market sentiment, it is rare for lelong price to be more than outstanding loan. if market price is higher than outstanding loan, borrower should have sold in the market as it cost $$$ to go through auction, etc.
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