80/20 prevail

300% profit means house selling price 500k, cost 166k only?

That one not so sure..

I believe lesser then that.. Have u go and see how much one brick cost? U know how much bangla pay?

Developer not the biggest winner.

The middleman that buy from dbkl and sold to developer untung lagi banyak...

Literally infinitiy profit. No capital no cost only profit.

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

This post has been edited by sengg: Oct 9 2018, 01:02 AM

Ok.. you continue to be naive. I will not stop you.
No businessman will do business with 20~30% profit, while taking risk worth hundreds of million. You think they running charity?

This post has been edited by gld998: Oct 9 2018, 06:52 AM

Developer normally total subcontract out to one main contractor to do the construction. So this expenses is more or less fixed plus VO works. They dont bother about the bangla workers which are under their main con or subcon expense.

Based on gross sales deduct the construction cost, th per unit nett profit is surely more than 200% if not 300%

This post has been edited by kwlam246: Oct 9 2018, 07:40 AM

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

You're still justifying your statement with your guts
If you were to study the P/L of 20-30 developers for the at least past 5 years and still come to the same conclusion i salute you....

good good good,

cost 250 psft sell at 700 psft

i work in the industry

Let the naive one be... then we can make marnee out of them.. the world is flat!!

This post has been edited by gld998: Oct 9 2018, 04:40 PM

landed or highrise? 250/sqft including land cost, consultant fees, contribution, marketing and etc?

why would they report 300% PBT when they can report the "generally accepted" PBT of 30% and pay less dividend, tax?

I just bought at 150sqf? so means I got a very good deal??

your 150/ft2 is low cost flat? have to see what types of property u bought and the location.

No le. Banglore lot. Ecora hills.Kulai. 519k for 4500k sqf. I know phase 1 developer selling at 880k. This is phase 7. Last unit. Consider clear stock.

This post has been edited by gld998: Oct 10 2018, 11:34 AM

Hi all dai gor, I have some queries about the auction.
If let say I register to join the auction, and on the auction day I also attend, but on that time the property was announce and I not bid, but the property only me register, will it be automatically consider sold under my name at reserved price?

AskarPerang