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 Will you think the property market will fall soon?, will the landed property fall in 2024?

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icemanfx
post May 12 2023, 07:26 PM

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QUOTE(jett138 @ May 12 2023, 02:43 PM)
Klcc prices has come downed abit actually. survey around and you will notice the better areas with some hot money.

where and which family you have to dig yourself. most are not known publicly.

exited at peak now pending to make a kill again.

compared to london, more went to switzerland, ireland, netherlands and the likes. more on netherlands since demand there is crazy. UAE returns arent that great tbh.
however if you are okay with abit of corruption asean has a vast basket for you to grow money in property and create another bubble.

its abit off topic already.

that being said its unlikely malaysian property market will face a crash or fall anytime soon with so little rate hike, might happen if we see the % as per us. then things would be very interesting and a lot of opportunities are available for all.
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klcc is the premium place in KV. Where are the better areas than klcc?

Tycoon families are likely developers.

Poorperly is illiquid, price takes years to bottom. As most bought poorperly with bank loan, price rise slower than loan interest and expenses incurred is a financial losses. Poorperly market doesn't need to crash for investors to be underwater.
icemanfx
post May 13 2023, 11:38 PM

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QUOTE(A.B.D. @ May 11 2023, 03:15 PM)
this is related to your other thread about doing business is getting harder.

normally consumers will cut spending in other areas before they default on their housing loan.
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QUOTE(A.B.D. @ May 13 2023, 01:07 PM)
You’re right. Micro biz and SME make up 98% of companies in Malaysia
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So cut spending got affect on economy and poorperly market or not?
icemanfx
post May 14 2023, 05:57 AM

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user posted image

https://www.brickz.my/transactions/resident.../usj-11/landed/

In the long term, poorperly price rise at about inflation rate.

This post has been edited by icemanfx: May 14 2023, 06:25 AM
Aaron212
post May 14 2023, 07:05 AM

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QUOTE(icemanfx @ May 14 2023, 01:57 AM)
user posted image

https://www.brickz.my/transactions/resident.../usj-11/landed/

In the long term, poorperly price rise at about inflation rate.
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22x75 freehold this price if x3 now also will be sold like hot cakes


by big brand dev


that time curry mee how much 1 bowl

good old times
A.B.D.
post May 14 2023, 07:57 AM

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QUOTE(icemanfx @ May 13 2023, 11:38 PM)
So cut spending got affect on economy and poorperly market or not?
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My guess is it hurt all sectors but not equally and not for long as people always get used to it.

I think Malaysian’s obsession with property will cushion it. To counter the recent OPR hike on buyer’s feelings, sellers may need to give buyers some discount and incentives or just wait a bit.

As mentioned before, people rather cut spending elsewhere than to default on housing loan, so it hits especially harder on non essential spending.
JimbeamofNRT
post May 14 2023, 12:47 PM

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QUOTE(icemanfx @ May 14 2023, 05:57 AM)
user posted image

https://www.brickz.my/transactions/resident.../usj-11/landed/

In the long term, poorperly price rise at about inflation rate.
*
QUOTE(Aaron212 @ May 14 2023, 07:05 AM)
22x75 freehold this price if x3 now also will be sold like hot cakes
by big brand dev
that time curry mee how much 1 bowl

good old times
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lol usj 11/2c

asking price now around rm800K

they type c rm311,888 is located at usj 11/2d facing the playground

mostly the premium house number like 8,18 kana sapu by staff

This post has been edited by JimbeamofNRT: May 14 2023, 12:50 PM
TSjrshow
post May 14 2023, 01:54 PM

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Any one know why brickz.com so long time havnt update?it had been 5 month since after new year alr..
SUSRich Dad
post May 14 2023, 02:02 PM

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Genting grand ion condo2 investable?

But penthaus 2mill and cant do commerical festivities....


jett138
post May 15 2023, 02:07 PM

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QUOTE(icemanfx @ May 12 2023, 08:26 PM)
klcc is the premium place in KV. Where are the better areas than klcc?

Tycoon families are likely developers.

Poorperly is illiquid, price takes years to bottom. As most bought poorperly with bank loan, price rise slower than loan interest and expenses incurred is a financial losses. Poorperly market doesn't need to crash for investors to be underwater.
*
KLCC rental ROI about 16 to 20% not to mention the above avrg maintenance fees of Rm1.x, there are some places in damansara(22% to 30%) and KL <--certain commercial lots ROI more than 25% with cheaper or no maintenance fees.
moreover rental at KLCC a lot of short term compared to other places. and its getting old for KLCC area.

and growth psf unlikely to 100% or 200% in short term. if can definitely exit alrd.

depends on how you view, not all tycoons are developers and not all developers are tycoons. people with 50m and up can do this pretty easily if they have good finance sense. our opr so little, parking the funds elsewhere collecting foreign interest and buy cheap stuff here also not bad actually. everything in RM looks tempting to buy tbh.

Property can be illiquid, or it can be in forms of facilities and collateral for something else. depends on your strategy of various financial products to play.


icemanfx
post May 15 2023, 02:24 PM

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QUOTE(jett138 @ May 15 2023, 02:07 PM)
KLCC rental ROI about 16 to 20% not to mention the above avrg maintenance fees of Rm1.x, there are some places in damansara(22% to 30%) and KL <--certain commercial lots ROI more than 25% with cheaper or no maintenance fees.
moreover rental at KLCC a lot of short term compared to other places. and its getting old for KLCC area.

and growth psf unlikely to 100% or 200% in short term. if can definitely exit alrd.

depends on how you view, not all tycoons are developers and not all developers are tycoons. people with 50m and up can do this pretty easily if they have good finance sense. our opr so little, parking the funds elsewhere collecting foreign interest and buy cheap stuff here also not bad actually. everything in RM looks tempting to buy tbh.

Property can be illiquid, or it can be in forms of facilities and collateral for something else. depends on your strategy of various financial products to play.
*
How you calculate roi?

TSjrshow
post May 15 2023, 02:48 PM

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Any one know why brickz.com so long time havnt update?it had been 5 month since after new year alr..

I want to c property got huge falls or not
TSjrshow
post May 15 2023, 09:19 PM

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https://www.chinapress.com.my/?p=3425984
elimi8z
post May 15 2023, 10:47 PM

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What the ching chong you posting? If wanna post some foreign language link, put translation also la, kaki kong, kaki song meh?
jett138
post May 16 2023, 05:21 PM

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QUOTE(icemanfx @ May 15 2023, 03:24 PM)
How you calculate roi?
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(Net Profit or noi / Initial Investment or purchased price) x 100 <- applied on fully paid for or cash prop
(Net Profit or noi - loan payments) / (purchase price + loan amount) <- on going serving loans or facility

only net profit or noi if inherited prop, figures from previous post are from fully paid props.

certain older commercial area can really fetch rentals nowadays. best tenant now is pharmacies, banks no longer favourite anymore.

DPC made more dough compared to KLCC fyi.

This post has been edited by jett138: May 17 2023, 01:43 AM
icemanfx
post May 16 2023, 11:38 PM

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QUOTE(jett138 @ May 16 2023, 05:21 PM)
(Net Profit / Initial Investment) x 100.
certain older commercial area can really fetch rentals nowadays. best tenant now is pharmacies, banks no longer favourite anymore.

DPC made more dough compared to KLCC fyi.
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icemanfx
post May 18 2023, 01:02 AM

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user posted image

Net worth > us$485k or about rm 2.2m is t1 in this country. maluhsian is poorer than most expected.

This post has been edited by icemanfx: May 18 2023, 01:02 AM
elimi8z
post May 18 2023, 09:26 AM

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QUOTE(icemanfx @ May 18 2023, 01:02 AM)
user posted image

Net worth > us$485k or about rm 2.2m is t1 in this country. maluhsian is poorer than most expected.
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Congratulations, you T1
jojolicia
post May 18 2023, 11:09 AM

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QUOTE(icemanfx @ May 18 2023, 01:02 AM)
user posted image

Net worth > us$485k or about rm 2.2m is t1 in this country. maluhsian is poorer than most expected.
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Good morning!

These stat figures (usd) is benched against, to the respective countries cost of living or income per capita? Or what parameter

This post has been edited by jojolicia: May 18 2023, 11:13 AM
icemanfx
post May 18 2023, 11:57 AM

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QUOTE(jojolicia @ May 18 2023, 11:09 AM)
Good morning!

These stat figures (usd) is benched against, to the respective countries cost of living or income per capita? Or what parameter
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Net wealth, net worth, not benchmarking.

TSjrshow
post May 19 2023, 12:59 PM

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will it fall ....??

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