For residential property, renting is never a profitable business especially at current situation, as most residential properties net rental yield is about 1-3%, which is not enough to cover loan interest nor beat FD interest rate as well.

Profitable renting is for commercial/business property, not residential.

for me... I didnt want it to be profitable.... But to cover up my instalment, maintenance then it is good enough for me.
as at the end of the day i get a free property whereby every month got ppl help me to pay instalment.

My sister and i inherited a 2-storey terrace from our mum (Jln Terasek in Bangsar) and i like the place very much. However, my 70 year old sister (not married) also lives there and my wife doesn't like living with my sister (woman very hard to please!) even though i got 3 empty rooms so i need to buy another place for my wife. I prefer not to touch my super (epf) as it gives me a very good passive income - an alternative is we live in the 3+1 room condo (which belongs to my wife) and i subsidize her for the rental. My wife and i keep our finances separately so i don't exactly know how much money she has (she tends to hide things from me) but she knows exactly how much i have. I don't believe in trying to hide things from her.

I am going back to Kl again next week for 7 weeks as i am trying to use up my long service leave so i will probably go see a few more properties. In Apr/May when i went back to KL, I saw a 2-bedrm unit in Sri Penaga (asking 1mil) which i quite like and also saw a couple in Tivoli (a little run down but very cheap). I was supposed to see a couple more units in Casa Vista and Cascadium but i ran out of time as i was only in KL for 6 weeks then.

He was replying to my post about buying a 2-stry terrace in Bangsar Baru as i was thinking of buying a terrace house instead of a condo as the appreciation (price-wise) for landed properties are higher than for condos. However, i prefer leaving my money in Aust in my super (epf) as the returns have been very good! Also if i have a change of plans and decide that KL is not suitable for me and decide to come back to live in Aust, moving money back to Aust can be very difficult. My wife had so many problems when she sent about A$200k+ recently and BNM asked her so many questions about where the money was from and she had to provide documentary evidence. We were not very happy as we had to keep going back to the bank to provide the evidence. I think BNM wanted to see if the money was legit.

This is the current trend now. These people are liars. I've told my family member that he is not to entertain these people. Integrity is such a rare quality, even more so nowadays. Nothing irks me more than dishonest people. I agree with Warren Buffett's opinion about integrity: "Honesty is a very expensive gift. Don't expect it from cheap people."

We have to take into consideration the time when the unit is empty (that is without a tenant). I estimate from my wife's properties (over a period of 10 years), it was empty 15% of the time (close to 2 months per year) - this high percentage could also be due to us not physically being in KL (as we live overseas) and so agents take their time doing things. As it is getting harder to get tenants (due to oversupply of rental properties), i estimate the vacant percentage rate will increase over the foreseeable future. This vacant period will eat into our percentage yield.

I used to own a house in Jalan Terasek, inherited it from my late granddad that bought it when it was new. Did you grow up on that horseshoe shaped street?

Might not be a bad idea to live in one of your own rather than buying a new place. Especially since you are unsure if retirement in KL is something definitely for you.

BNM has become more stringent in vetting any overseas and even interbank transfers.

That really sucks. What kind of documentation? If it is from a bank (say in London) and you've been saving money in it for years, do you have to show all of your bank statements etc? I've done that in the past without issues. Why are they being this difficult now?

Not a sifu here, but from a normal guy perspective.

Sub sale need 10% deposit, SNP fees, sum up around 15% of house price.

New development no need. With HOC, now people still got 10% discount.

Seems like gov try very hard to push sales for developer.

If I am looking for house, I will look for new development instead of subsale on the market unless the price is really attractive to cover the 15% difference.

Bubble won't happen in prime areas(Klang Valley, Jalan Kuching, Damansara etc),yes it could happen but the impact is not significant as developers are more cautious about the situation.

It is not smart move if buyers keep waiting for the price goes down. If you have opportunities to grab good location with decent price and offers just buy sooner or later the price will goes up

for me... I didnt want it to be profitable.... But to cover up my instalment, maintenance then it is good enough for me.
as at the end of the day i get a free property whereby every month got ppl help me to pay instalment.

u r lucky if u can get that these days