It depends on how much spa is overvalued. The issue with many novice investors is sustaining negative cash flow for extended period of time.

Due to different finishing, etc, banks traditionally take developers price as market value. Hence, most if not all developers took advantage to overpriced to include grr, cash back, 10% loan margin, etc.

Understand some banks have engaged their own valuer on new launch and only offer loan based on their valuer's valuation.

Many novice buyers failed to realize the lesser amount paid upfront, the higher amount the loan repayment and over optimistic on their future income. Hence, many ended up in financial distress.

grr almost always from third party.

Double posted

This post has been edited by icemanfx: May 3 2019, 02:48 PM

Some bank will only offer loan on certain developers project to their existing customers only.

Grr is in existence for many years. Like some said; there is sucker born every minute; there won't be a shortage of victims.

Agent's income is from sales commission. They will do their utmost to convince buyers and due diligence is buyer's responsibility.

People who never handle a large amount of cash are unlikely able to handle properly or prudently.

This post has been edited by icemanfx: May 4 2019, 01:07 PM

Property price is probably the most opaque among all investment assets; there could be substantial price difference between spa, net, asking, valuation, transacted and auction price.

I challenge you to show us one post that i promote forex trading and money game as investment.

property is highly leverage; leverage amplify profits as well as losses.

This post has been edited by icemanfx: May 5 2019, 12:07 AM

Don't put your words in my mouth; i challenge you show us one post that i promote leveraged investment.

property investment is not newly invented or discovered. if property investment is attractive; every da ma, kopitiam unkers are already multi-properties landlords.

the fact remain, property is not the only investment opportunity available.


This post has been edited by icemanfx: May 5 2019, 12:48 AM

Herd members are easily influenced by fellow herd member; you are undoubtedly one.

I am just a economic student, not expert in any investment.

If gomen to build affordable home as planned, overhang will likely widen in subsale. Knowing supply>demand for long, how could price rise? If neither rental or price could rise, why bother to invest?

This post has been edited by icemanfx: May 5 2019, 06:07 AM

I challenge you to show one post that I promote forex trading or money game.

Classic of herd member, the moment lost a debate; start to name calling. Your aggressive manner could mean you couldn't afford to lose and under enormous financial stress.

This post has been edited by icemanfx: May 5 2019, 10:04 AM

You could buy up 4 units to become a bungalow.

The world is greater than the kampung, suggest you come out of your coconut shell to look see.

for reasons, only about 3% of adults in this country have over us$100k net worth.


This post has been edited by icemanfx: May 5 2019, 10:55 AM

Property overhang in subsale is believed to be 3 times or more of primary market. With more supply coming, it will take longer than most expected to reduce this overhang. Until overhang is reduced substantially, price will remain suppressed.

Rental is a lead indicator of property. Given rental is on downtrend, price will follow.

This post has been edited by icemanfx: May 5 2019, 09:39 PM

Not that property investment is not feasible but need to be selective just like any other investment. Buy when blood is knee deep on the floor.

Leverage amplify profits as well as losses be it property, stocks, bonds, option, etc. It is not price alone that wipe out investment but mounting loan interest also. Property investment could be highly leverage and is illiquid. Jumping in blindly could become a mortgage prisoner.

Land may not be created but redevelopment is a option. Hence, metropolitan cities like London, NYC, Shanghai, etc never stop development.

The funny thing is not everywhere is bangsar and not everyone buy in bangsar.

Many still failed to realize 2011-2014 property bull run was fueled by cheap and easy credit, a fallout of u.s qe. As income didn't rise in line or faster than property price, current property price is unsustainable. Another property bull run is unlikely in the foreseeable future.

Historically, property price rise at about inflation rate in the long term. After 2011-2014 bull run, price will take years to return to long term trend.

Developer is more informed and has the first bite of cherry. Try to beat developer in it's own game is just like those punters try to win the casino.

From data collected since 2011, most property investors behaviours in this country is consistent with those of u.s subprime i.e herd behaviour. During bull run, every punters think he is a gold finger. Only after the tide turned will tell who was swimming naked.

This post has been edited by icemanfx: May 6 2019, 06:22 AM

Tell these to BBB/uuu, certainly not me.

If rental could cover loan instalment, qualified tenants would have bought.

Unit a and b have same floor area, unit a has 3 rooms, unit b has 5 rooms. If budget is not a issue, which unit room you will choose? How much cheaper need to be for you to choose unit b?

Bleed 20% is provided you have tenant.

Poorperly price is probably the least transparent among all investible assets. there could be substantial difference between market, valuation, auction, transacted, etc price.

Developer s&p price is normally future price plus inflated for loan purpose. Bank valuation is from licensed valuers; largely calculated from recently transacted price. market price not from recently transacted is mostly hearsay. vendor's asking price is often whims and fancy or syok sendiri. transacted price is willing buyer and willing seller.

This post has been edited by icemanfx: Oct 27 2022, 12:53 PM