why no good for investment? buy low and sell high. good yield if for rental income too
there r many good property /location there , many auction due to owners over leverage.

Take this:
I believe 99% of the units in this list here will be virgin condition

Different time period and circumstances offer different opportunity. those willing to adapt or spot early could make extraordinary profit; by the time masses realized, opportunity would have thinned out e.g btc, foreclosure property, stocks, gold, etc. for reasons, only about 3% of adults in this country have over us$100k net worth[COLOR=red].

dont worry, party havent end yet. you can still join it

In lelong,
Hot property wont be cheap.
Cheap property wont be hot. Even buy it cheaply also rental cannot cover your loan installment. We are talking about lelong price here which is below launching price, you got it cheaper than all other owners there.

Example, lakepark residence. Rental market just RM1500.
Developer launching price last time 650k.
Lelong price can get at 400k. Will still bleed negative cash flow.
So is only good for own stay.

Another example, alam sanjung. Rental market just RM1200.
Developer launching price last time 400k.
Lelong price can get at 300k. Will still bleed negative cash flow. So once again this is only good for own stay.

According to a report, residential property in kl appreciated at about 5% p.a or below since 2001.

Any props bought before 2010 become gold today.
But majority props bought 5 years ago in 2013 got zero appreciation or even depreciatuon. You will need another property peak price era in order to get above ASB return of 7% p.a. But the golden question is when will be the next property bull run? 10 years from now? 20 years? 30 or more years?

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.

i wonder why dead chicken also so expensive cost 1m above? why not eat fresh chicken

may i know how credible yr friends claim?300%?
mind to elaborate further,that would be eye opening
thanks

Thanks
i subconsciously believe there r the biggiest BS croc,it move me wanting to know further how there play these game and fabricate the figure.
but 1 things must credit them is could sell a piece of brick with diamond price

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

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

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....

cost 250 psft sell at 700 psft

i work in the industry

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

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

Sure or not ? 4500 sqft build up ? If land area is 22x80 and double storey and each floor build up is 22x60 x 2 floors = 2640 sqft.

Bungalow lot meaning empty land?

4500sq of empty land rite?