Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
7 Pages < 1 2 3 4 5 > » Bottom

Outline · [ Standard ] · Linear+

 -- Closed --

views
     
TSgeekystef
post Jul 20 2019, 06:09 PM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:18 PM
aspartame
post Jul 20 2019, 06:10 PM

Look at all my stars!!
*******
Senior Member
3,165 posts

Joined: Feb 2015
QUOTE(Garysydney @ Jul 20 2019, 05:13 PM)
No - she paid off both units recently so has no borrowings now. She is getting slightly more than rm6k (nett) from both apartments so she is quite happy.

I have been keeping an eye on Bangsar and MK condos lately and have been inspecting properties the last time i was back in KL (April/May) and will probably check a few more when i go back next month. I am particularly interested in Sri Penaga and Casa Vista (as well as Cascadium) but a lot of sellers are still holding onto the prices that are quite unrealistic in this market. I also had a look at a 2 storey terrace in Bangsar Baru (Jln Terasek) which was a basic unit - they wanted rm1.6m and the agent told me that a couple of years ago, this place would have sold around rm1.85mil. The house is still in pretty good condition but very basic.
*
U whack the 1.6m terrace still got money to retire or not? Just rent also ok...
TSgeekystef
post Jul 20 2019, 06:11 PM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:19 PM
aspartame
post Jul 20 2019, 06:12 PM

Look at all my stars!!
*******
Senior Member
3,165 posts

Joined: Feb 2015
QUOTE(vckc @ Jul 20 2019, 04:03 PM)
It is because of slowing and a negative economic outlook as a whole that the rate cut occurs.

A rate cut decreases the barrier to entry for a lot of buyers. It enables businesses to borrow more for less. And puts money in the hands of millions of Malaysians who are servicing loans. A 0.25% drop frees up on average of RM 60 for a mortgage loan of 400k.

Multiply this and you can see exactly how powerful a rate cut is, the extra money will either be spent or reinvested breathing new life in the economy.

The median age in Malaysia is 29 years old. This is an extremely healthy level.

I used to think that Malaysia properties are doomed. But by the time I understand and learn more about the economy. The more I think otherwise.

For a comprehensive education on the economic system, boom and busts and its intricacies. Read "Big Debt Crises" by Ray Dalio.
*
Wah... good!
aspartame
post Jul 20 2019, 06:16 PM

Look at all my stars!!
*******
Senior Member
3,165 posts

Joined: Feb 2015
QUOTE(Garysydney @ Jul 20 2019, 03:35 PM)
I have been looking at some condos in Bangsar (Sri Penaga, Casa Vista, Bangsar Puteri and Tivoli) and the agents tell me prices are now about 20% lower than what they were 18 months ago.

My wife also has 2 apartments in MK and they (i feel) also have come down about 20% (compared to before) looking at the prices sellers are asking in iproperty.
*
Asking is different from actual transacted ... if u look at actual transacted ... prices did not drop much for subsale... dun listen to much to agent ya.. they want to make u think you r getting cheap things now
BEANCOUNTER
post Jul 20 2019, 06:16 PM

20k VIP Club
*********
All Stars
20,146 posts

Joined: May 2011
QUOTE(geekystef @ Jul 20 2019, 06:09 PM)
Good points. Really appreciate your perspective on this.

You're very lucky to sell your unit in less than 2 weeks.

Regarding the appointment of agents, you made a valid point about getting as many agents as possible to push the unit. I will inform him about this. Do you have any recommended agents? If yes, care to PM the details? Would definitely appreciate it.

Regarding your third point, maybe you can elaborate via PM if you are okay about it? I'm rather naive when it comes to these things.

Thanks again for your thoughts.
*
You need to appoint agents that specilised in that condo or kuchai area...not any dog dick and hairy.

Dun worry just list down price of xxxk and say negotiable. Usually experience buyers will know how to deal w yr relative....its all up to the buyer that make the offer and yr relative to accept it or not.


Last thing...brickz info are mostly corruptes due to this practice....

TSgeekystef
post Jul 20 2019, 06:20 PM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:19 PM
vckc
post Jul 20 2019, 06:20 PM

Casual
***
Junior Member
418 posts

Joined: Jan 2019
QUOTE(geekystef @ Jul 20 2019, 06:09 PM)
Good points. Really appreciate your perspective on this.

You're very lucky to sell your unit in less than 2 weeks.

Regarding the appointment of agents, you made a valid point about getting as many agents as possible to push the unit. I will inform him about this. Do you have any recommended agents? If yes, care to PM the details? Would definitely appreciate it.

Regarding your third point, maybe you can elaborate via PM if you are okay about it? I'm rather naive when it comes to these things.

Thanks again for your thoughts.
*
Mark up saja.. Extra RPGT you bear.

Don’t let the banks know.
TSgeekystef
post Jul 20 2019, 06:24 PM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:20 PM
Garysydney
post Jul 20 2019, 06:34 PM

On my way
****
Junior Member
527 posts

Joined: Jul 2017


QUOTE(geekystef @ Jul 20 2019, 06:20 PM)
That's good to hear.

I think I know which house you are referring to. I've seen the ad on Mudah and other platforms. Old school, but looks kinda nice. Two-storey terraced houses in Taman Desa are around 1.2 mil. People snap these up all the time.
*
My brother-in-law lives in Taman Desa (double storey link) and he tells me that properties there used to go for rm1.2m-rm1.3m but have dropped to just over the million mark (basic unit) recently. Renovated ones fetch a bit more.
icemanfx
post Jul 20 2019, 06:41 PM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


Few foresaw current soft market yet most foresee strong up pick.

vckc
post Jul 20 2019, 06:49 PM

Casual
***
Junior Member
418 posts

Joined: Jan 2019
QUOTE(icemanfx @ Jul 20 2019, 06:41 PM)
Few foresaw current soft market yet most foresee strong up pick.
*
Don’t know about others.

But I have gotten out of the property industry since 2014 right before the decline. I had to change fast.

The good times of achieving 5 sales a month were over and only the top win.

Edit: the general consensus, and market sentiment is that it’s stagnant and will go down. Lagged demand so to speak will pour in. If that doesn’t happen it’ll happen after the next recession.

This post has been edited by vckc: Jul 20 2019, 06:52 PM
TSgeekystef
post Jul 20 2019, 06:53 PM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:20 PM
amduser
post Jul 20 2019, 09:03 PM

Look at all my stars!!
*******
Senior Member
5,542 posts

Joined: Dec 2006


QUOTE(geekystef @ Jul 20 2019, 02:51 PM)
All good points indeed. Thanks for your thoughts.

Sometimes I do wonder if owning a condo unit is good or bad in the long run, especially if you are not interested in renting it out.
*
i'm not expert in investment, i buy condo for ownstay, but i'm eyeing on sri petaling, puchong, bukit jalil and oug for a while and i've been staying in serdang for more than 10 years already

QUOTE(geekystef @ Jul 20 2019, 06:53 PM)
Still holding on strong. Was looking around that area too. I think Taman Desa has a certain charm to it, unlike newer places. Double storey link houses in OUG are also priced north of 880k, approaching 1m+, for renovated ones. Perhaps I'm old school but I like the quietness of older neighbourhoods.
*
landed in kuchai lama, OUG, puchong and sri petaling is a gem, especially OUG and sri petaling, where it sandwiched between PJ and KL, this is why these areas you see those shoplot and condo is quite run down compare to damansara/mont kiara but those place still jam and 'ong' and many peoples still choose to stay here, both old and younger generation

new launch condo in kuchai and sri petaling is selling at average 600-650psf, i doubt there will be new landed in this area already
TSgeekystef
post Jul 20 2019, 09:39 PM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:20 PM
TSgeekystef
post Jul 21 2019, 12:25 AM

Getting Started
**
Junior Member
287 posts

Joined: Oct 2018
-- Deleted --

This post has been edited by geekystef: Nov 21 2020, 06:21 PM
trust4you
post Jul 21 2019, 12:29 AM

LIMPE UR WORST NITEMARE
*******
Senior Member
3,312 posts

Joined: Dec 2010
QUOTE(Garysydney @ Jul 20 2019, 05:44 PM)
Actually i have revealed too much of myself in the thread - i sometimes think whether i should have!! cry.gif
*
U call ur name Sydney everybody can guess
navysealsniper
post Jul 21 2019, 01:02 AM

New Member
*
Junior Member
46 posts

Joined: Dec 2010


how come those freehold landed in Bandar Utama PJ still so pricey..
observed for 2 years ++ price still going up very slowly... aduhh
Bjorn1688
post Jul 21 2019, 01:15 AM

Regular
******
Senior Member
1,924 posts

Joined: Jan 2019
QUOTE(geekystef @ Jul 20 2019, 02:29 PM)
Yeah I agree. It is unwise to wait if there is a good opportunity... When you say prime area, is OKR, Kuchai Lama, and OUG considered as well? These places have changed so much. Ha, I'm old school.
*
OKR / Kuchai / OUG areas are very prime areas these days. Same goes for Taman Desa and most other housing estates between Mid Valley and the junction to Jalan Templer. Lack of LRT connectivity did not put a single dent on the demand.

I had a single storey corner lot in that area up until I moved out of it earlier this year and put it on the market. It had a 1.5 storey extension, 9ft tall fence, double lot land and modernised using modern British standards. It sold after 2 months of being on the market at very near the asking price, discounted by a cashback to the buyer for the MOT and they took a full loan. They bought it because they had 2 big dogs and the bloke enjoyed his gardening.

As for condos, earlier this year I decided to sell off all properties I owned that was more than 10 years old, not in an expatriate neighbourhood or in a neighbourhood that we no longer wanted to invest in. 7 units of 3 bedroom 1200-1900sf condos. When I mentioned to the tenants that I was selling it, 3 offered to buy it off me, I told them to make an offer and accepted. 2 were purchased by investors within 2 months. Now only 1 remains unsold though I do have a booking on it, just no SPA yet.

Landed houses, it depends. Some can take forever to sell even in prime areas. However 4-8 months is considered fairly normal in today's economic climate.


QUOTE(Garysydney @ Jul 20 2019, 03:35 PM)
I have been looking at some condos in Bangsar (Sri Penaga, Casa Vista, Bangsar Puteri and Tivoli) and the agents tell me prices are now about 20% lower than what they were 18 months ago.

My wife also has 2 apartments in MK and they (i feel) also have come down about 20% (compared to before) looking at the prices sellers are asking in iproperty.
*
Those are some really ancient condos you are looking into.

I hope you are not that Aussie that came by to my former unit and tried to lowball me biggrin.gif

Older Bangsar condos have been on the decline as many of them are tired old buildings and in need of major repairs, also many have sinking funds that are broke. Values have mostly flat lined but difficult to get any real bargains. Most that own them have strong holding power.

Landed houses, their values have mostly been stagnant. RM1.6m for a terrace? You could have bought one for that type of money over the last 3 years though you would be looking into RM400k to fix it. Anything in nicer condition you would need to pay closer to RM2m for it.
Garysydney
post Jul 21 2019, 05:43 AM

On my way
****
Junior Member
527 posts

Joined: Jul 2017


QUOTE(Bjorn1688 @ Jul 21 2019, 01:15 AM)
Older Bangsar condos have been on the decline as many of them are tired old buildings and in need of major repairs, also many have sinking funds that are broke. Values have mostly flat lined but difficult to get any real bargains. Most that own them have strong holding power.

Landed houses, their values have mostly been stagnant. RM1.6m for a terrace? You could have bought one for that type of money over the last 3 years though you would be looking into RM400k to fix it. Anything in nicer condition you would need to pay closer to RM2m for it.
*
Yes - a lot of Bangsar condos are quite old now. I like Sri Wangsaria but that block is tightly held and sellers are unwilling to drop much. You can only get bargains from sellers who are desperate to sell and it usually is because they are migrating. The rentals are miserable though in Bangsar - if you spend rm1mil to buy, you will probably get around rm3k/mth rental at best (gross) fully-furnished. When you compare that with Tiffani in MK, a 1mil condo there will roughly gross you about rm5k/mth. This makes me more inclined to buy in MK and the 2 buildings i like is Kiaraville and Tiffani (as i might rent it out if my plans to retire in KL doesn't work out).

7 Pages < 1 2 3 4 5 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0234sec    1.08    5 queries    GZIP Disabled
Time is now: 11th December 2025 - 12:29 AM