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> if house in malaysia expensive, who buy it?

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TSdolce&gabbana
post Oct 16 2019, 10:00 AM, updated 7y ago

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i mean if people complain intermediate double storey house @ 700k min, and condo at 900k, = expensive,

then why developer sell at that price, who buy it? scalper? or house cannot sell later due to expensive price?
HafeesFadil
post Oct 16 2019, 10:01 AM

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Tongsan people will buy it.
johnsdoes
post Oct 16 2019, 10:02 AM

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investor, rich pipul
Emily Ratajkowski
post Oct 16 2019, 10:02 AM

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obviously foreigner will buy it.
malaysians can't even afford 500k house.
SUSTianJian
post Oct 16 2019, 10:02 AM

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stop QQing , go buy flat , under 160k
reed90
post Oct 16 2019, 10:03 AM

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blanket84
post Oct 16 2019, 10:03 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:00 AM)
i mean if people complain intermediate double storey house @ 700k min, and condo at 900k, = expensive,

then why developer sell at that price, who buy it? scalper? or house cannot sell later due to expensive price?
*
Landed houses normally built in limited unit. Sooner or later the developer will find a buyer if the location is good. Condo cannot sell? Ask gomen to help lah.
Namelessone1973
post Oct 16 2019, 10:03 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:00 AM)
i mean if people complain intermediate double storey house @ 700k min, and condo at 900k, = expensive,

then why developer sell at that price, who buy it? scalper? or house cannot sell later due to expensive price?
*
If it is landed, there are still alot of people buying them especially the higher middle class people. If it is condo, then it really depends on location. Most people will not buy if it is ulu places. Heck, even non-ulu place like Cyberjaya also nobody buy.
seikoho1
post Oct 16 2019, 10:04 AM

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sohai never see before rich msians???? plenty of fama sponsored kids buying these properties...paying loan just a cover up dude.
SUSdestiny6
post Oct 16 2019, 10:04 AM

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You cannot afford to buy doesn't mean other people cannot buy je..... whistling.gif
TreyLey
post Oct 16 2019, 10:05 AM

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Malaysian who works abroad, foreigner who love to stay in malaysia and nonetheless the one percenter in malaysia who loves to scalp
Pedojacko
post Oct 16 2019, 10:06 AM

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You said expensive, but I saw pipul still afford those High End Luxury Condo Everyday
hazremi
post Oct 16 2019, 10:07 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:00 AM)
i mean if people complain intermediate double storey house @ 700k min, and condo at 900k, = expensive,

then why developer sell at that price, who buy it? scalper? or house cannot sell later due to expensive price?
*
that mean u r poor..malay people in bangi area relax je buy 1 million landed homes.
kingmafia
post Oct 16 2019, 10:08 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:00 AM)
i mean if people complain intermediate double storey house @ 700k min, and condo at 900k, = expensive,

then why developer sell at that price, who buy it? scalper? or house cannot sell later due to expensive price?
*
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

This post has been edited by kingmafia: Oct 16 2019, 10:08 AM
pretty23
post Oct 16 2019, 10:08 AM

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Dude, house is cheap. We are talking land.

Land are expensive when it state 999 years of own.
zerorating
post Oct 16 2019, 10:08 AM

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i take loan 170k loan oso need father/mother income detail, what more than this.
Zaire.Ver
post Oct 16 2019, 10:08 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:00 AM)
i mean if people complain intermediate double storey house @ 700k min, and condo at 900k, = expensive,

then why developer sell at that price, who buy it? scalper? or house cannot sell later due to expensive price?
*
they develop for tongsan and all other poor expat u know
if still failed....our failed PH gov will bail them out
+3kk!
post Oct 16 2019, 10:10 AM

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well 600-700k the corporate TL junkie cna buy dy
Expert Pundit
post Oct 16 2019, 10:10 AM

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there are rich ppl in malaysia la. 10% rich ppl can sapu 90% houses.
TSdolce&gabbana
post Oct 16 2019, 10:10 AM

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QUOTE(hazremi @ Oct 16 2019, 10:07 AM)
that mean u r poor..malay people in bangi area relax je buy 1 million landed homes.
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i bought 1 mil property sunsuria, double storey, not yet mature area, stupid o not? fuuuuu
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?
*
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.
*
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
*
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
*
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
*
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.
iGamer
post Oct 16 2019, 10:31 AM

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QUOTE(hazremi @ Oct 16 2019, 10:07 AM)
that mean u r poor..malay people in bangi area relax je buy 1 million landed homes.
*
Yet supply more than demand is a reality seeing how many unsold prop in the market.
khelben
post Oct 16 2019, 10:32 AM

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My aunt been buying a few biji with cash lol. I guess these developers were banking on people like my aunt.

Bodo PH go and give them tongkat
iGamer
post Oct 16 2019, 10:35 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
*
Errrr......... you know they can build many units on top of the said square feet right? That's why many high rise nowadays.
kingmafia
post Oct 16 2019, 10:44 AM

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QUOTE(iGamer @ Oct 16 2019, 10:35 AM)
Errrr......... you know they can build many units on top of the said square feet right? That's why many high rise nowadays.
*
i was comparing to the 2 storey housing. Because thats the expensive type in johor.

If you want to compare high rise then it's no point, cause the price different between the two is huge.
arcadicus
post Oct 16 2019, 10:47 AM

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its not the house... its the land.....
JimbeamofNRT
post Oct 16 2019, 10:48 AM

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QUOTE(Namelessone1973 @ Oct 16 2019, 10:03 AM)
If it is landed, there are still alot of people buying them especially the higher middle class people. If it is condo, then it really depends on location. Most people will not buy if it is ulu places. Heck, even non-ulu place like Cyberjaya also nobody buy.
*
like in my place, Putra Residence Putra Heights condo, 980sqft rm700K hardly ppl wanna buy'

crazy sime darby
fun_feng
post Oct 16 2019, 10:50 AM

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Yah I'm a sucker fish... I bought 1 last year...

I still feel it's expensive... But i buy because land is scarce in the island and ppl here are rich..

If ten years ago, i can buy bungalow at good location d
JimbeamofNRT
post Oct 16 2019, 10:50 AM

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QUOTE(fun_feng @ Oct 16 2019, 10:50 AM)
Yah I'm a sucker fish... I bought 1 last year...

I still feel it's expensive... But i buy because land is scarce in the island and ppl here are rich..

If ten years ago, i can buy bungalow at good location d
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then you have to blame yourself lah
kirakosmos
post Oct 16 2019, 10:56 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?
*
sunsuria near nilai/sepang? i think will become mini tongsan later
blanket84
post Oct 16 2019, 11:12 AM

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QUOTE(dolce&gabbana @ Oct 16 2019, 10:16 AM)
it's a show unit and fully reno. near the airport
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Personally, i would say it’s expensive. I recently bought a house in Shah Alam for 700++ and i think that is crazy expensive too considering my sister bought a house of the same size few hundreds meter away for 320 in 2012 sweat.gif

But since it’s for your own stay who cares what other people say laugh.gif
ikankering
post Oct 16 2019, 11:28 AM

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no need sale.rent je.

after 5 years. sell. double profit.
SUSAlan K.
post Oct 16 2019, 04:13 PM

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QUOTE(JimbeamofNRT @ Oct 16 2019, 10:48 AM)
like in my place, Putra Residence Putra Heights condo, 980sqft rm700K hardly ppl wanna buy'

crazy sime darby
*
<1000sq ft . . . . 700k . . . . mega_shok.gif mega_shok.gif mega_shok.gif
Strike
post Oct 16 2019, 04:53 PM

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rent at poorfags inflated prices

where the money come? from poorfags also

now you know
brkli
post Oct 16 2019, 04:54 PM

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flipper buys it. 1 person buy 10++ units.

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