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> Too many empty property after build up, will property market collapse?

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woolei
post Aug 9 2018, 02:41 PM

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a lot of KL people brought Seremban landed house for investment, but mostly vacant even after VP for few years.

it wont collapse as long as people still BBB.
woolei
post Aug 9 2018, 09:03 PM

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QUOTE(DesRed @ Aug 9 2018, 03:10 PM)
Huh? Are they buying them as their retirement homes? blink.gif

Can't imagine Seremban becoming some old-folks town 10 - 20 years down the road if that is the reason. unsure.gif
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for investment,i think they plan to sell after few years.
alot is KL buyer, but just leave it empty and didn't plan to stay there at all.
woolei
post Aug 9 2018, 09:14 PM

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QUOTE(silenkill @ Aug 9 2018, 05:18 PM)
I do hope so everything will be fine.
As every time i pass by those condo/apartment.
like already there for 5years it still seem not fully occupied yet (50% in dark ).
cause just drive by....jus assuming.
Maybe there is some people going green, save energy going in dark. biggrin.gif 

if there is people living in condo/apartments like that can share a bit?
Is is they just like living in the dark or just empty unit? or maybe some other reason.
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for example the house unit below me (5 years old vp-ed condo), they just leave the house vacant....

he is working at australia, earn a lot, so doesn't mind to just leave it there.

dont want to sell also.
woolei
post Aug 10 2018, 09:48 AM

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QUOTE(daimGeno @ Aug 10 2018, 09:14 AM)
palmyra residence.. 440k +
im actualy looking place for investment but i have doubt bangi is a good place to invest..
last time buying without thinking

just found out my friend bought kl traders gombak around that price also
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your condo surrounded by shoplot eh, the center of town, what you regret for?


rental yield? workmanship? capital appreciation?

woolei
post Aug 10 2018, 01:59 PM

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QUOTE(DesRed @ Aug 10 2018, 11:25 AM)
Hmm... interesting. I'm surprised that Seremban folks didn't complain about their houses being bought up by the KLlites. hmm.gif

Come to think of it, I remember there is a Matrix Concepts booth at the MidValley iproperty expo earlier this year and their staff approached us to promote some GnG at Nilai or Seremban, saying its 30km - 40km away from the city and its a tolerable travelling distance. Turned it down on the spot as I'm not willing to live that far away from the city. laugh.gif
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few of my colleague are from seremban , they are okay to travel 45min to work in cyberjaya (IT folk).
it surprise me coz it only took 45min (30-40km) while i stay puchong need 30min to cyber although it near but very jam.

for me , seremban will never be my consideration.

woolei
post Aug 10 2018, 02:02 PM

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QUOTE(JonathanIB @ Aug 10 2018, 12:27 PM)
If i may allow to add in, avoid Bukit Jalil (especially Pavillion area), Cheras as well... too many project cramp in
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pavillion bukit jalil seem to be very promising, the road already completed with easy access to everywhere.

cheras velocity also trending.

if i understand correctly, you mean to avoid those "ONG" and "HotSpot"? lol
woolei
post Aug 10 2018, 02:05 PM

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QUOTE(A.B.D. @ Aug 10 2018, 02:01 PM)
they can fly car on highway from seremban higher speed than you
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one of the reason is i am a slow driver, scare die.
they already use to drive fast fast on highway, so seremban still their preference.
woolei
post Aug 10 2018, 04:15 PM

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QUOTE(JonathanIB @ Aug 10 2018, 03:51 PM)
As this topic is about empty property... the chances of alot empty property in this region is HIGH as Pavillion Bkt Jalil definitely wont be like Pavillion KL. It cant attract the crowd a in KL. Somemore if u check the project in surrounding Pavillion Bkt Jalil, u will be amazed how many units going to come in coming years... thats where the empty property started...
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okay, i get what you mean now.

but if a location mature and strategic like bukit jalil also not ong, it really something wrong on the property market d.
woolei
post Aug 11 2018, 06:09 PM

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QUOTE(jo8981 @ Aug 11 2018, 12:54 PM)
I second this...we shall see how the rental market of these premium condos turn out when they VP. Pretty certain the rental income will not be able to cover the owners' installment.
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Rental can cover loan interest is good enough d, alot of investor actually dont care to folk out abit more $ every month.
woolei
post Aug 12 2018, 02:16 PM

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QUOTE(mangoproperty @ Aug 11 2018, 02:32 PM)
I look at bukit jalil Map, seems like there’s a lot of land for development. That will be the supply side of it? How about the demand side ?
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ya lor, u see the area near muhibab LRT (The COMO, Vista Platinum) , Pavilion 2 (Service apartment), the opposite land of pavilion 2 (damn huge area).

really have to see how those are perform 1st before invest our hard earn $.
woolei
post Aug 12 2018, 02:18 PM

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QUOTE(Quang1819 @ Aug 12 2018, 01:02 AM)
I know one architect owns few condos in SJ and Kl for Airbnb, all always fully booked or at least 23/30. Like this one confirm can cover loan + maintenance, really damn syiok
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he hire a property manager to manage his AirBnb right?

for regular owner, we prefer to have 1 years agreement for long tenure tanent, hassle free as only need to handle 1 client.
woolei
post Aug 12 2018, 02:42 PM

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QUOTE(Quang1819 @ Aug 12 2018, 02:39 PM)
Nope fully managed by himself and his wife.

True lah. But if one can do the way he does it actually earns more than renting monthly. I think he does it as a hobby also lol, cause that fella got almost 10 properties for Airbnb
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wa... headache la if manage airBnb by theirself.

need plan key handover, key return, check in check out, cleaning, maintenance, replace supplyement.

shakehead.gif shakehead.gif shakehead.gif

woolei
post Aug 13 2018, 10:07 AM

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QUOTE(kuci_mayong @ Aug 13 2018, 04:40 AM)
I had colleague travel from seremban to PJ before.
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Seremban rm500k can get a bangalore, KL and Selangor can get a small services apartment only.

travel not really a concern in future after auto drive technology ready.

woolei
post Aug 13 2018, 11:13 AM

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QUOTE(bob @ Aug 13 2018, 10:30 AM)
nowadays 500k also cannot get new bangloo at seremban
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My fren get a single story from developer 2 years back, around RM 500++, after VP-ed 35% of the unit is vacant, brought by KL ppl.

woolei
post Aug 13 2018, 11:15 AM

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QUOTE(New Klang @ Aug 13 2018, 11:00 AM)
In future no need to drive, just work from home with very high speed broad band
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With VR technology, wear a spec then you feel like you are in lab or surgery room d.

weii, i think we gone too far.
woolei
post Aug 13 2018, 11:17 AM

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QUOTE(DesRed @ Aug 13 2018, 10:56 AM)
I believe this auto-drive technology will need some time to mature before there is no need for a human driver behind the wheel. There have been a few cases reported in BBC where accidents and fatalities do occur even with this technology embedded in vehicles.
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need time to get mature for sure, else uber,wolkwegan, geely, tesla won't invest so many money.
it is our way to go like that "i-robot" movie now.
woolei
post Aug 13 2018, 01:30 PM

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QUOTE(aaron1717 @ Aug 13 2018, 12:19 PM)
which part of seremban sin? senawang area? seremban 1 or 2 sure cant get new semi D or bungalow at this pricing....
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Senawang biggrin.gif single story bangalow biggrin.gif
woolei
post Aug 13 2018, 01:42 PM

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QUOTE(DesRed @ Aug 13 2018, 12:31 PM)
Would love to see this happen, especially when driving long distance out of KL. biggrin.gif

But still, have to factor in the petrol consumption when driving long distances to work, especially from Seremban all the way to PJ/Subang or even into KL city itself. And not to mention that after a few years, for sure they'll get irritated at waking up so early to go to work and coming home really late at night.
Not only them, but also punk ah beng car drivers who drive really fast and cut into lanes on short notice. Our drivers' attitude leave a lot to be desired compared to other countries... tongue.gif

But even in the developed countries like the US and UK, accidents and road fatalities still occur with these 'autopilot' vehicles. Don't need to figure out the outcome once this system is rolled out in Malaysia. laugh.gif
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Depend personal preference actually, for the case of seremban people, since their parent and relative are all there, they okay to stay seremban and travel to kl/selangor daily.




woolei
post Aug 13 2018, 01:43 PM

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QUOTE(aaron1717 @ Aug 13 2018, 01:37 PM)
then i know which project already  laugh.gif  laugh.gif my fren bought a double storey one there... but roads there damn narrow actually... cannot park car at roadside...
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Bangalore ehh.. it almost like a dream house already.
woolei
post Aug 13 2018, 05:02 PM

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QUOTE(DesRed @ Aug 13 2018, 02:45 PM)
Can that be considered as a bungalow? blink.gif

I thought that's more of a single-storey detached house. Always thought that a bungalow have to be around 2 or 3 stories or more. hmm.gif
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ya wor, even developer featured and sell it as Bangalore.
the field is quite big la, can fit 3-4 cars.

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