Regretted investment
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 Jul 1 2020, 10:29 AM
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Senior Member
1,494 posts Joined: Dec 2012 
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There is a supply overload of old and new condo and apartments in our property market. So it might be difficult for you to sell unless you set the price below the market value.
Landed property > Condo/Apartment in terms of sell back value. |
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Jul 1 2020, 10:32 AM
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Senior Member
1,586 posts Joined: Sep 2011
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QUOTE(Liamness @ Jul 1 2020, 09:26 AM) not just rent out. if more than 5 years, should also consider refinancing the home loan. Get a fresh 35 year loan, to lessen monthly commitment. If TS can rent out the condo for 2k, he will already fully cover the loan + maintenance fee.. he wont able to rent out 2k |
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Jul 1 2020, 10:35 AM
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Junior Member
180 posts Joined: Nov 2019 
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ioi pavillion ah ?
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Jul 1 2020, 10:35 AM
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Junior Member
900 posts Joined: Oct 2009
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my mistake was to invest in stock market few years back, already burnt 20k+
ohwait, wrong topic |
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Jul 1 2020, 10:39 AM
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Junior Member
51 posts Joined: Mar 2013
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johor overhang namba wan!
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Jul 1 2020, 10:41 AM
Show posts by this member only | IPv6 | Post
#66
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Junior Member
195 posts Joined: Sep 2019
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Maybe can try to settle at least a portion with EPF account 2?
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Jul 1 2020, 10:41 AM
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Senior Member
1,494 posts Joined: Dec 2012
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QUOTE(sanwaltz @ Jul 1 2020, 11:39 AM) johor overhang namba wan! Forest City JB one of the culprits here. Forest City has become Ghost City. |
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Jul 1 2020, 10:45 AM
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Junior Member
291 posts Joined: Aug 2019
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bought for own stay dun care
bought to flip padan mukak |
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Jul 1 2020, 10:51 AM
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Senior Member
581 posts Joined: Jul 2011
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now your option left to 2: sell or hold. But this is the worst timing for selling so it depends. If really cannot tahan, just sell it even for big loss and take it as a lesson.
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Jul 1 2020, 10:54 AM
Show posts by this member only | IPv6 | Post
#70
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Senior Member
1,186 posts Joined: Nov 2004
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if your 1000 sqft unit is more than 500k then I have a bad news for you, most youngsters now looking for new unit with 0 downpayment for less than 400k, surprisingly there are quite many options now, unlike 5 years ago where property price peaked.
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Jul 1 2020, 10:54 AM
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Junior Member
9 posts Joined: Feb 2012
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Aih.. Tough times
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Jul 1 2020, 11:04 AM
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Senior Member
1,583 posts Joined: Apr 2006 From: Clerking. Data Entry like a Mad Man
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QUOTE(hioniq @ Jul 1 2020, 08:55 AM) Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I... why not own stay?which part of Pucheong? cant rent out as cheong den? kasi share your prop advert listing lah |
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Jul 1 2020, 11:04 AM
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Junior Member
661 posts Joined: Jul 2011
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Wow...value dropped from 430k (2015) to +/- 310k (2020).
WTF mang. Name the developer here so that no one get scammed anymore. |
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Jul 1 2020, 11:05 AM
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Senior Member
1,583 posts Joined: Apr 2006 From: Clerking. Data Entry like a Mad Man
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QUOTE(GOPI56 @ Jul 1 2020, 10:41 AM) Forest City JB one of the culprits here. Forest City has become Ghost City. kucingkatajangan.jpg |
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Jul 1 2020, 11:07 AM
Show posts by this member only | IPv6 | Post
#75
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Senior Member
874 posts Joined: Sep 2007
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QUOTE(max_cavalera @ Jul 1 2020, 09:28 AM) Same story as well with landed. whoever say property is a good investment really need to ask those who has done so. Dont listen to property advisor, preperty gurus, internet genius wiz. Also people who think property is a passive source of income better think twise lolololIts like asking to bleed twice or more monthly topping up the commitment... My FIL landed house beside, her neighbours try to sell the house for yearsss, no takers...market value 650k++ wolling to turun until 500k baru ada buyer...buyer also lucky is datuk cash rich...500k landed subsale frankly speaking u need to standby minimum 20% cash bro...10% dp, the other % legal fees, change of ownership stamp duty, misc emergency repair, minor reno.... not many ppl have that cash and willing to splash it around. If they hve also probably think 10 times or more want to splash to get house or not... |
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Jul 1 2020, 11:08 AM
Show posts by this member only | IPv6 | Post
#76
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Senior Member
874 posts Joined: Sep 2007
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QUOTE(Hollow21 @ Jul 1 2020, 11:04 AM) Wow...value dropped from 430k (2015) to +/- 310k (2020). not just isolated case, quite a lot of properties completed in the last 5 years got such issueWTF mang. Name the developer here so that no one get scammed anymore. |
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Jul 1 2020, 11:10 AM
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(hioniq @ Jul 1 2020, 08:55 AM) Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I... Hopefully you don't have to lelong itNow the property will be a sinking hole for your finances Depreciation plus interest from bank loan |
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Jul 1 2020, 11:36 AM
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Junior Member
97 posts Joined: Apr 2011
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developers still hv plenty of unsold units around and it is cheaper to get from developers, hard to get buyer unless your prop location is really good.
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Jul 1 2020, 11:42 AM
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Junior Member
179 posts Joined: Feb 2009
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QUOTE(Marcion @ Jul 1 2020, 09:00 AM) Siapa suruh pergi invest condo, invest bangolo, double or semi double house better depending on rigth place. banglo or semi d also sometimes not very good. right place as well...I have a friend who owns a banglo, till date cannot sell... Market value 2.6m...a dato offer him only 1.6m. reason the house is outdated design. He only want the land and location. In Jalan Gasing. |
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Jul 1 2020, 11:45 AM
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Junior Member
51 posts Joined: Mar 2013
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its when too many thinking of flipping short term ...
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