It will goes up due to inflation in X years....and turned into long term player.... (don't want to sale at loss) < "strategy learned from pro stock investor"

Boss 3% of 1m generating 9656.07 per mth??? πŸ€”

3% of 1m is 30k so it's 2.5k a month.
ok, retirement plan fail

Boss 3% of 1m generating 9656.07 per mth??? πŸ€”

3% of 1m is 30k so it's 2.5k a month.
ok, retirement plan fail

I think he means drawdown of principal + interest. At Y10, the amount will be zero, if you draw RM9k+ per month.

It will goes up due to inflation in X years....and turned into long term player.... (don't want to sale at loss) < "strategy learned from pro stock investor"

at 60, I want to have 3 properties and rm1 million in cash.

placing the rm1 million in FD (@ 3% p.a on monthly rest), I will have monthly RM9656.07 to spend and it will reached zero at end of ten year.

then at 70, i will sell two properties, keep one to stay and have another rm2 million or rm3 million to last till end of day.

But it's just me. i always prefer delay gratifications 

Good retirement plan!
Thank for sharing

at 60, I want to have 3 properties and rm1 million in cash.

placing the rm1 million in FD (@ 3% p.a on monthly rest), I will have monthly RM9656.07 to spend and it will reached zero at end of ten year.

then at 70, i will sell two properties, keep one to stay and have another rm2 million or rm3 million to last till end of day.

But it's just me. i always prefer delay gratifications 

"placing the rm1 million in FD (@ 3% p.a on monthly rest), I will have monthly RM9656.07 to spend and it will reached zero at end of ten year."

hope it's clearer. of course, 3% on RM1 million won't be RM9656 

anyway, attached the excel. can see if i make a mistake on the assumption?

i guess by 60... maybe i will left only 1 property for own stay... have to cash out the others for my kids education funding... haha... or maybe to help them out if they are in trouble after graduated... lolz...

but your scenario is good to have too    monthly 9.6k is more than enough to spend for an old man... or even pair of old couple...   

Soli soli siudai bad. I slapped myself twice liao πŸ˜…πŸ˜…πŸ˜…

"placing the rm1 million in FD (@ 3% p.a on monthly rest), I will have monthly RM9656.07 to spend and it will reached zero at end of ten year."

hope it's clearer. of course, 3% on RM1 million won't be RM9656 

anyway, attached the excel. can see if i make a mistake on the assumption?

Just look forward.  Don't rely on statistics.  They only give you a snapshot.

Things that are a fact now.

1) Supply glut.  Freezing approvals it doesn't help.
2) Population of Chinese (assumed here the wealth of the nation or since 90% of LHDN collection are from Chinese) dwindling.  - 400k birth in 2016, 80% were bumiputeras, the rest 20% were non-bumi's of which chinese were 50% of it, 40k).  Chinese population growth peaked in 2000.
3) Govt. push/drive to remove all dependency on foreign labour and move into IT/Machined/AI based production/services methods.
4)Generally speaking, those born at the turn of the century, don't see property as the way forward unlike the elder generation.  And if they were, they are priced out.

Things to look out for, Govt actions

1) BNM 6 action plans.  Frankly, central bank actions worldwide historically, has been ineffective and too late.
2) Opening M'sia property market to foreigners.  Apart from MM2u, there doesn't seem much since unlike Aust/HK, the foreigners that M'sia are attracting are Indonesians, Rohingas, Pakistanis, Bangladeshis, refugees etc. 
3) Change in perception of other races towards properties - Malays, Indians, etc.  Frankly, the purchasing desires of them are somewhat lacking or they place less importance.
4) Aging chinese population don't really need big homes, too much hassle to clean.  Can't depend on maids as they are getting harder to come by. 
5) Aggressivemess of Govt in removing dependency on foreign labour and actions taken to remove illegals from the country.

Property value rise at inflation rate in the long term. The key is sustainable loan repayment before could reap the reward.

That's just a common move for most investor who stuck regardless in stock or property...of course most of average ppl aware of the repayment and certainly had built up their own buffer...(discounted those high risk taker, flipper or pro investor). Again, exception happened right? Some "asset appreciation" might actually lower than loan interest.... is Sungei Wang still the same 10 years back.

One should see the negative side of holding these asset in long run too... eg: cost & time opportunity where you can gain from other investment vehicle, long term commitment will limit your opportunity (less appetite to start a new biz or job change, etc), tenancy problems or no tenanted, added stress, anxiety and self-doubt, degraded lifestyle, property run down etc.

If no more QE in coming years... god know when the next spike will come? Bear in mind factor like Malaysia become aging nation by 2035, city is be actually expanding (eg: greater KL to counter land limitation issue, we're not HK or SG), workforce pattern is changing for newer generation, flexi style and self-employed will affect property selection too (EFP SSP1M), middle income trap, etc

During market is hot, there's tone of good reasons lead you to BBB, once turn sour, many bad reason will sound worrying.

Welcome but it’s very simplistic, so take it with a lot of salt πŸ˜‚

Credit to David_77 for the report.
Johor is the only place property price increase.
2018 is the year to buy buy buy?

 2017_Malaysia_Property_Outlook.pdf ( 972.18k ) Number of downloads: 112