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 can property really a choice of investment?, think about it/

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SUSsassyset
post Oct 16 2008, 08:40 AM

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Junior Member
302 posts

Joined: Mar 2008
From: Sri Nilam, Ampang


QUOTE
Look, altho im very biassed towards Maytower, its not like its the perfect investment. I could think of 3 mains cons when it comes to Maytower :

1. Built quality is only average.
2. Mayland has a bad reputation as a developer and to have known to screw their buyers despite their track record as property managers is quite decent actually.
3. Flooding - Apparently is prone to floods but personally I have never encountered this before after a few months.

agree on that point. got a letter from my md to one of the bigshots in mayland, threatening him to buck up or else shakehead.gif

btw, i might be in a wrong thread asking this, but any of you guys can give some advice on real estate investment for beginners? i am looking into venturing in RE, but am low in capital at the moment. might start venturing by march 09 if all goes well.
SUSsassyset
post Oct 16 2008, 04:25 PM

Casual
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Junior Member
302 posts

Joined: Mar 2008
From: Sri Nilam, Ampang


QUOTE(Syd G @ Oct 16 2008, 10:51 AM)
sassyset,

INMVHO, this is not a good time to invest in real estate. Malaysia's RE is still on a bubble that could burst in mid 2009 or early 2010. The pattern is there - very low interest rate on loans (just like the US) that will inflate property's price and for now it will rise up very fast but I'm thinking that the price will drop faster than the time it takes to settle your purchase paperworks.

There's this project by WingTaiAsia - Veritas Residensi (i pass their billboard sign everyday to work) on Bukit Ceylon (near Raja Chulan) - price from 2.3m for 2 bedrooms onwards (6m for a penthouse). I nearly choked on my morning breakfast.

In times like these, cash is king so collect some bullets instead and go shopping when the time is right smile.gif I started on RE 3 years ago when I was 23. I withdrew all my life savings, almost gave my parents a heart attack and bought things that appreciate (houses, some investments here and there) instead of a new car or an iPod smile.gif
*
point taken nod.gif
thank you notworthy.gif
neway, what would be your investment of choice, looking at the current economic situation? (this IS off-topic sweat.gif... sorry sorry...)

 

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