Similar to all property gurus statement .... trust me, sure make money...lol.

You ?

This post has been edited by mini orchard: Sep 28 2022, 05:44 PM

Many properties enter the lelong market weekly or monthly. Dont have to wait next year. Almost every new vp property will have few units going into lelong and cheap cheap below developers snp

Bid for one or all depending on own financial ability.

This post has been edited by mini orchard: Oct 1 2022, 09:00 AM

Property prices falling is not mainly because of more units coming into the market but the starting price is unrealistic from the start.

Most newly constructed property prices will start to adjust after vp to match surrounding similar property prices and its location, unless is an exceptional piece of construction.

Land and construction cost plus profits determine selling price but freebies and rebates that kill the goose.

If subsale price is attractive and has fallen, why arent buyers entering that market and cont buying from developer ?

And why in some auction, there is only a single bidder when the price is way below snp price.

For my case, is opposite. I won an auction unit at reserved price being a single bidder and is 7% above SnP price for a new vp property this year. And seldom or rare in today auction that the reserved price is equal or above SnP price for new property and attract bidders.

This post has been edited by mini orchard: Oct 25 2022, 08:13 AM

In most auctions, when one wait for low price to enter, likely he will pay above earlier reserved price.

I bought because of location, high floor, new, forever unblock view and limited supply because of quota and unqualified to buy as a first buyer.

If subsale, it will be above my bid price looking at the advert in property portals. Wont make or lose money if sell today.

My case is exception rather than norm where most auction properties are below snp price.

This post has been edited by mini orchard: Oct 25 2022, 12:48 PM

Redevelopment of old buildings will come in. Govt will pass Act to allow majority decision and not 100% to consent for redevelopnent.

Now is difficult because 100% consent required. If govt change the Act to say 75%, then it can be done, albeit some initial difficulty to convince the owners.

Just concluded auction ...

De Cemara Setia Alam.

SnP 100k. Reserved Price 100k. Sold 178k.

I think owner and state govt consent required.

This post has been edited by mini orchard: Oct 26 2022, 09:15 PM

As long first time buyers or any buyers want to buy without paying a sen upfront, plus freebies and rebates and cashback, property development will cont to go on.

Throwing more carrots will all eventually be sold.

Blaming other factors wont resolve the issues unless banks only finance 50% which will affect genuine buyers.

This post has been edited by mini orchard: Oct 28 2022, 07:45 AM

If owner have not bought into inflated pricing, unlikely will drop over long term.

LOL ... buyers likes discounts. No discount, no syiok buying. So all sellers have no choice but to make buyer syiok sendiri.

Early birds discount entice buyers to Q few nights in developers front door.

This post has been edited by mini orchard: Oct 28 2022, 06:08 PM

Similar, asking low price ... can ask. Also syiok shj

Seller syiok first, then buyer turn.

When both syiok syiok, then sign snp.

Many are now going into homestay investment.

I am into my 6th year.

Hardwork always pay better than passive income.

If making money from property is easy, developers would be launching new condos daily.

From buying land bank to VP it will take up to 10 years for profit to be realised.

So I dont see any shorter time frame for investors.

This post has been edited by mini orchard: Oct 30 2022, 05:13 PM

I believed money making from property is still available in msia but it need more work and risk. Gone are days when profits are made after VP.

There are costs in some investments. Investors cannot make more money through borrowed capital.

Investment in property is more work now compared to yesteryears. No more passive income mentality.

Money still can be made in property investments. By the time one realised it, he may missed the second train.

If a real volatile swings were to happen in msia, how many are brave to buy property, stock etc. Keeping cash may not be safe also.

Many lost money in gloves counter after mco. Is even bad to buy properties since is high capital investment.

In investments, nobody can predict the peak or the bottom. Investors buy on assumption that it will cont to rise or sell when it will fall.

Many would want to max profits or reduce losses and keep holding on to it.

And if ever racial conflicts were to happen in msia, i think it will be worst than may 13. Maybe a bottle of 5kg cooking oil will cost 1k.

This post has been edited by mini orchard: Nov 3 2022, 09:45 AM