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> Developers should rent out unsold units.

New Klang
post Nov 10 2018, 05:25 PM, updated 6d ago

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Instead of pushing for financial convenience to house buyers to help buy their unsold properties, developers should innovate to rent out the units if they are really in demand.

P2P and extending the rpgt announced by govt benefits developers and not house buyers.
icemanfx
post Nov 10 2018, 06:26 PM

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If developer rent out too cheap, it will effect selling price. Rental income won't be enough to compensate the drop in selling price.

puchongite
post Nov 10 2018, 06:26 PM

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QUOTE(New Klang @ Nov 10 2018, 05:25 PM)
Instead of pushing for financial convenience to house buyers to help buy their unsold properties, developers should innovate to rent out the units if they are really in demand.

P2P and extending the rpgt announced by govt benefits developers and not house buyers.
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For the amount of rental collection and subsequent maintenance issues, any sane developer will rather keep the unsold units vacant and virgin.

If anything, developer will have to come from an angle of community service to consider renting.

They will be also be concerned that if they allow renting, then it will like a bad precedence is set, then they will have even greater difficulty to sell any future new units.

David_77
post Nov 10 2018, 06:53 PM

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Too slow in taking in profit for them. Unless they want to bundle it as REIT, markup, selling and get out of the REIT company fast.
puchongite
post Nov 10 2018, 07:00 PM

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QUOTE(David_77 @ Nov 10 2018, 06:53 PM)
Too slow in taking in profit for them. Unless they want to bundle it as REIT, markup, selling and get out of the REIT company fast.
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Reit on residential and some more lower end residential, the operator must also be out of mind.
David_77
post Nov 10 2018, 07:04 PM

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QUOTE(puchongite @ Nov 10 2018, 07:00 PM)
Reit on residential and some more lower end residential, the operator must also be out of mind.
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Lol! Of course, of course. If they do REITs on residential 🀣🀣🀣

Anyway, developers not in the rental game. The Fundmyhome really seems to be macam pyramid scheme.
ry8128
post Nov 10 2018, 07:07 PM

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profit will be slow.. instead of 500k-1m in 1 lumpsum, they need to wait for a mere return of around 1k per month..

what about hassle of maintaining a rented house?

and once rented, it will not be considered as a new property anymore, and this will turn off some potential buyers
nexona88
post Nov 10 2018, 08:23 PM

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Nah..
Developers won't go rental way..
Not much meat @ profits to be made 😈😈
New Klang
post Nov 10 2018, 09:50 PM

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Why not? Show that their property are in demand
puchongite
post Nov 10 2018, 10:01 PM

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QUOTE(New Klang @ Nov 10 2018, 09:50 PM)
Why not? Show that their property are in demand
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It's the other way round.

If they rent out their unsold units, people think they have too many unsold units, so many until they are so desperate for the little rental money.
icemanfx
post Nov 10 2018, 11:25 PM

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QUOTE(New Klang @ Nov 10 2018, 09:50 PM)
Why not? Show that their property are in demand
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Projected/claimed demand is different from actual demand. many are marketed or sold on dream, why developer want to render the dream unworthy?

David_77
post Nov 11 2018, 12:56 AM

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When one can’t dream, or even worst, dream badly, no wonder all she smells is πŸ’©πŸ’©πŸ’©

Anyway way, developers are in the business to sell properties. Won’t do rental.
BEANCOUNTER
post Nov 11 2018, 10:02 AM

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there already program by EW called 'rent to own'. I think another developer also have similar program.

Tan&Tan Park Manor also going for rent since cant sold few years after Vped.
puchongite
post Nov 11 2018, 10:15 AM

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QUOTE(BEANCOUNTER @ Nov 11 2018, 10:02 AM)
there already program by EW called 'rent to own'. I think another developer also have similar program.

Tan&Tan Park Manor also going for rent since cant sold few years after Vped.
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IOI also has also rent to own.

Maybank has the HouzKey.

Somebody can go and study the details and let us know the similarities and differences.

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