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> if house in malaysia expensive, who buy it?

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kingmafia
post Oct 16 2019, 10:11 AM

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QUOTE(Zaire.Ver @ Oct 16 2019, 10:08 AM)
they develop for tongsan and all other poor expat u know
if still failed....our failed PH gov will bail them out
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The development of high end condo such as area in Iskandar started during the Bossku era. The purpose is to sell to mainland chinese and provide a second home destination for them.
ehehdiamko
post Oct 16 2019, 10:11 AM

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org yg tanya biasanye tak mampu beli je
Expert Pundit
post Oct 16 2019, 10:11 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:10 AM)
i bought 1 mil property sunsuria, double storey, not yet mature area, stupid o not? fuuuuu
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wow..ts rich. Why open tred ask le? show off ke?
siaoand1
post Oct 16 2019, 10:14 AM

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tongsans coming from the front, indonesians from the back

TSdolce&gabbana
post Oct 16 2019, 10:14 AM

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QUOTE(Expert Pundit @ Oct 16 2019, 10:11 AM)
wow..ts rich. Why open tred ask le? show off ke?
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because house in malaysia is expensive and far la bodo, condo at 800-900k? ptuihhh, new gen are fucuk up later

This post has been edited by dolce&gabbana: Oct 16 2019, 10:15 AM
Zaire.Ver
post Oct 16 2019, 10:15 AM

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QUOTE(kingmafia @ Oct 16 2019, 10:11 AM)
The development of high end condo such as area in Iskandar started during the Bossku era. The purpose is to sell to mainland chinese and provide a second home destination for them.
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yes but PH go bail them out by lowering the threshold to 600k only! doh.gif
blanket84
post Oct 16 2019, 10:15 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:10 AM)
i bought 1 mil property sunsuria, double storey, not yet mature area, stupid o not? fuuuuu
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Where is that? 1mil double storey terrace should be very close to KL already.
supsupsui
post Oct 16 2019, 10:15 AM

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many ppl one year cannot save 20k.
many ppl one mth miscellaneous expense 20k

700k is expensive is just one's perspective
TrollNoob
post Oct 16 2019, 10:16 AM

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Been to a property launch area gleneagle.

Small studio condo/apartment also reach 1mill.

Funny thing is, developer told me only 10 units left for the studio. On the event day, almost every unit already got color stickered. I simply left. My MBB Officer also shake their heads.

Mind you, that was 10 years back.
Randomization
post Oct 16 2019, 10:16 AM

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QUOTE(kingmafia @ Oct 16 2019, 10:08 AM)
The cost for a developer already high i believe, if the land they acquired already 300k/unit plus the construction cost 400k = 700k.

They earn the 200k profit only, even if they lower the profit, still hardly to sell out.

See the bandar baru land cost, RM850/psf x 1000sf land area = RM850,000.  How much can the developer sell if the land they brought already RM850k? sweat.gif
https://www.nst.com.my/news/nation/2019/09/...baru-landowners
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Lol, your psf calculation really canggih.
If it is landed, that might be it but most of the land will be used for highrise. So, effectively your calculation is for ground floor.
Other floors should sell for cheap since they are free. rclxms.gif
TSdolce&gabbana
post Oct 16 2019, 10:16 AM

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QUOTE(blanket84 @ Oct 16 2019, 10:15 AM)
Where is that? 1mil double storey terrace should be very close to KL already.
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it's a show unit and fully reno. near the airport
Expert Pundit
post Oct 16 2019, 10:16 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:14 AM)
because house in malaysia is expensive and far la bodo, condo at 800-900k? ptuihhh, new gen are fucuk up later
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don't call me bodo la..miskin tak bermaksud bodo.
TrollNoob
post Oct 16 2019, 10:17 AM

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Developers in Malaysia are not building them for locals lar...
carloz28
post Oct 16 2019, 10:17 AM

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QUOTE(supsupsui @ Oct 16 2019, 10:15 AM)
many ppl one year cannot save 20k.
many ppl one mth miscellaneous expense 20k

700k is expensive is just one's perspective
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True, I believe TS is referring to the general perspective. Its true that many Malaysians can’t afford 500k house now, let alone 700k
SUSwilsonjay
post Oct 16 2019, 10:17 AM

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Don't worry there are always ppl out there that can afford...

those that ccan't afford....

well you're renting from people who can afford...

LOLOLLOLOLOLOLOLLO
ketupatlazat
post Oct 16 2019, 10:18 AM

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Those half mil and above household income earners lah bruh.
hazremi
post Oct 16 2019, 10:18 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:10 AM)
i bought 1 mil property sunsuria, double storey, not yet mature area, stupid o not? fuuuuu
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You're banking on future development potential of the area. Frankly speaking, its ok for own stay, but for investment you will need strong holding power (which i believe you have) to withstand the potential negative cash flow with saturated market right now.

Good luck mate. 👍
SUSMPPJ
post Oct 16 2019, 10:19 AM

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1700s Dutch said: if tulip so expensive, who buy it?
1800s British said: If south sea company share so expensive, who buy it?
1900s American said: if car so expensive, who buy it?
2000s malaysian said: if house so expensive, who buy it?

Guess history repeat it again.
mousqy
post Oct 16 2019, 10:20 AM

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nigerian prince
h4r8_kIlLeR
post Oct 16 2019, 10:22 AM

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small house is getting more and more expansive... my mom told me dulu when she buy our house was 150k only... now she buy new 750k house... still a bit smaller than our current house.

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