Are you sincerely asking for opinions, or simply here to promote the house that you're selling..?
Nothing against you though, but I think you should make it clear if you're promoting..

http://forum.lowyat.net/index.php?showtopic=516967&hl=

hmmm looks more like promoting to me...

What is that big pond in the housing area? That part of puchong is near the soft land (ex mining pond) if not mistaken.

Both

because I myself has taken up 2 units so i want feedback too
Im not selling a single house, it is up to the buyer to choose out of the  free lots

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Added on October 14, 2007, 3:07 am

Both

because I myself has taken up 2 units so i want feedback too
Im not selling a single house, it is up to the buyer to choose out of the  free lots

hmm a student who just snap up 2 units

A HDD costs less then RM200 nowadays, and is easily replaceable, but what happens if you lose those important pictures from your honeymoon or even your family pictures with your great grandmother? what then? and what happens if you lose that document for your milliondollar project? what then? those are not replaceable easily. some of them are sentimental value that money just cannot buy 

BUT NOW, you dont have to worry when you accidentally lose your data

I can recover lost data from your HDD providing there is no physical damage to the disk.

Contact me for a FREE quotation with no obligation @
Email: bryanyeo87@yahoo.com
HP: 016-3983901
YM: bryanyeo87

Or you could just belanja me yam cha or summthing...and we will work it out 

Please state your nick or name in LYN so that i can refer back.
Terms and Conditions:http://forum.lowyat.net/index.php?showtopic=473315

see the above quote from his another thread.....but i still think ur correct on the real estate agent part.....maybe part time real estate agent lol.....

This post has been edited by Darkmage12: Oct 14 2007, 01:48 PM

hmm a student who just snap up 2 units

Who gave you the idea that he's a student..?
He sounds more like a real estate agent to me..

http://forum.lowyat.net/index.php?showtopic=473315
see the above quote from his another thread.....but i still think ur correct on the real estate agent part.....maybe part time real estate agent lol.....

yeah im still am a student want to see my kdu student ID?
i snapped 2 units for a quick round as there was a large discount off the launch price
still student la
Im not a real estate agent, no, seriously, im not, one way is that real estate companies would have already promoted it by putting it int he newspaper but its not in the papers yet
So...err...back to topic? need feed back la

any pictures of the house layout? any artistic drawn ones ?

---

Added on October 14, 2007, 6:36 pmbtw..u even have outsourcing agency ?

Wow, a student with so many ventures..
Respect goes to you..

wow then where you get the money to pay the downpayment? or you just paid the deposit and waiting to dispose off?

somehow..to me..it seems youre a really diversified person..comps,insurance,selling houses,outsourcing agency.. very impressive

---

Added on October 15, 2007, 2:50 amany good ways to tell me how u still stay so steady on studies ?? after all this distraction towards study ?? i need some secret recipe thou..

geez stil student and got urself 2 freaking properties unit? u got freaking heaps of potential bro...salute

no la, just that needed to get more "pocket money"
its not a distraction, its a out of class room practical "class" for my course im taking hehe
Based on my term "investment"
- Enter only when your 200% sure that its profitable and not hope to make a profit 
- Item/product is hot and easy to be liquidated

(example: Product/Item A is selling at RM1,000 retail hot price, but you have an opportunity to purchase at RM700. So when you have bought it, you have already made your profit, now how to exit or liquidate it  ) <== Applies to alot of things, like C2D processors , hardware, stocks, property, or can be anything that you know it well
Oh yea, the properties are individual title and not strata title which the competitors are doing

somehow..to me..it seems youre a really diversified person..comps,insurance,selling houses,outsourcing agency.. very impressive

---

Added on October 15, 2007, 2:50 amany good ways to tell me how u still stay so steady on studies ?? after all this distraction towards study ?? i need some secret recipe thou..

btw, when are you planning to "dispose" the property?
How is the mortgage loan coming now? Heard that you said you cannot get a loan because of the age limitation; so you're disposing the property before the developer's request for further payment or how?....
Strategy pls?

You've paid 10% downpayment which in a lot of time, it can be "waived" with certain techniques.
But comes the developer asking for payment on completion by stages as signed in S&P; what's the way to go about it since you do not have a mortgage loan. Payment via cash again? Or did you signed the S&P or not? 

---

Added on October 15, 2007, 10:56 pm

He must have a lot of lubangs with very lucrative returns as that is obvious. Obtaining RM 100k for downpayment while still studying is no easy feat!  He will needs the remaining RM 700k in 2.5 years? 

There's basically ways to bypass the downpayment. Simple one would be the "developer discount". So the tough part is not there.
The tough part is like I mentioned; when the developer starts charging the work done after stages stipulated inside the S&P.
That is the part I'm curios about.
So either the guy has to sell off the property before developer starts charging or come out with the money to pay. Now the problem is he mentioned that can't get a loan yet, which I'm now interested in how he's going to "fund" his investment.

So to a real investor or a chap who goes for undervalue property, one would noticed when a guy needs to dispose a property fast.
If the flaw is there and noticeable, than the room for negotiation would belongs upper handed to the buyer whereby the seller would usually loose out.

A point to note is no matter how high an appreciation of certain property might rise, if one didn't have the power to "hold", than he's going to be at the loosing end. For eg, the house for the same area might cost around RM200k. Why are certain properties still priced below the RM200k mark? Usually it's not because of certain flaws or myth like "feng shui" or "suicide case". A lot of time is the holding power of the property owner is not strong and they need to liquidate the property fast for cash.

Understand in life that a certain market price wouldn't guarantee you that it would be sold at that specific price.

btw, when are you planning to "dispose" the property?
How is the mortgage loan coming now? Heard that you said you cannot get a loan because of the age limitation; so you're disposing the property before the developer's request for further payment or how?....
Strategy pls?

You've paid 10% downpayment which in a lot of time, it can be "waived" with certain techniques.
But comes the developer asking for payment on completion by stages as signed in S&P; what's the way to go about it since you do not have a mortgage loan. Payment via cash again? Or did you signed the S&P or not? 

He must have a lot of lubangs with very lucrative returns as that is obvious. Obtaining RM 100k for downpayment while still studying is no easy feat!  He will needs the remaining RM 700k in 2.5 years? 

wow..straight to the point..of all the curves and turnings..now i get the picture... boon

@ bolded part,
Special agreement with the developer lor and definately not the pay as work in stages system

Am-El marketing strategy has not failed for the past 25years and its not going to fail yet Nor the company has any abandoned projects, in fact, the company forte is to take over abandoned projects.
Well, how about buying the property at a discount off the upcoming launch price?

Sorry but just a little bit skeptical on the "special arrangement".
Is it "worded legally" in the S&P?
And by the way, a lot of projects or property are usually "below" or at "discounted price" from actual launching price if you knew what I meant.
It's like buying watches, an avid watch buyer/collectors would know that the price to buy is at least 30% off the shelf price.
True also to property buying, maybe not 30% (but it might be possible) but there's always "tricks" to it; thus the free "downpayment".
So what's so special in this case?

The only thing I see is like you mentioned....the price is much lower than the neighborhood. But considering Malton and YTL, hey had a reputation for building high-end properties, thus the high price. So you're not expecting at the low price you pay; one day it's going to shoot up to the same price of the surrounding area thus making it a "value buy". If you're thinking that way, I would say you're wrong and you have much more to brush out in experience.

anything can happen dudes, don't be too certain or sure about something especially in the property market. that's why it's call an investment. just pray that the recession dun hit u when u're holding ur property. 

if recession comes, inaterest rate will go up... property price will remain or go down...

Which it will be good for buyers...  Recession also is a good thing if u see it in different point of view

if recession comes, inaterest rate will go up... property price will remain or go down...

Which it will be good for buyers...  Recession also is a good thing if u see it in different point of view

Recession is good for those that has high liquidity i.e. more cash in hand.
Thus if you have properties or stocks which you can't hold than you're in deep shit.
So more property = more assets != more wealthy.

Like mentioned countless times in this property investment thread whereby if your property doesn't generate rental income, it can't really be considered as a wise investment. You can only call it gambling, maybe not that risky as going up to casinos. The time when you wanted to dispose off your property, not necessary there would be market demands for it; thus you might be forced to sell at losses when you really need the cash.

so, would a quick round, of profit taking say, 4 months max to profit take the d/p amount of 10% be a worse investment then holding and taking rental for a few years? I would say rental would expose your risk alot longer then necessary

No doubt the d/p of 10% you paid only brings you rm50k ringgit profit which might be considered a small amount to some of you, but in 4 months to reap profit? This would bring you a almost 100% ROI based on the amount paid d/p  I would say your risk is near 0% and is definately less riskier then holding and getting rental for a even longer period of time.

Of course its legal

Well this developer is not giving discounts to public on this project.

Another support why this project will do well is because it is supported by MPSJ. So it is not set to fail, this projects total GDV is over Rm1.52 Billion(its under exaggerating) for the 200 acres project over the duration of 8 years with Raffles Hospital and its medical college buildings to be built in 2008 (yes contract signed already) on part of the land. So as the maiden project of the zone, will the developer screw up and allow that to slide? I think not.

And have you actually seen maltons mutiara puchong? Its building quality and workmanship is atrocious for its price. No doubt it has a reputation for building high-end properties, unfortunately for them, this is a mid-end (mutiara puchong).

Bubble, Schmubble - Flipping Works in Any Market
by Bill Bronchick

For years, hot-shot speculators made huge profits flipping condos in Florida and Vegas before they were even constructed. All the while, the naysayers in the ivory towers of Wall Street and academia warned of a "housing bubble" that was sure to burst as all bubbles do. When Fed chairman Alan Greenspan said that national real estate market was "frothy," the writing was really on the wall, and anyone with half a brain could see that we were in for a "cooling" of the housing market, at best. And yet still, speculators continued to profit, and the real estate bull market marched on...

But the bulls aren't marching now. Greenspan handed his matador's cape to the new Fed chairman, Ben Bernanke, who continued the policy of interest rate hikes designed to deflate housing. No longer accelerating at a break-neck pace, home prices have flattened like a pancake in many markets, and new the condo speculators who got in late are in for a world of hurt. Clearly, the housing "boom" is over in many parts of the Country. But contrary to the media hype, this is great news for flippers!

Flipping vs. Speculating

It should be made clear that there is a difference between flipping and speculating. While speculators may be a sub-set of flippers, they are, at best, the amateurs of the real estate investing family. Flippers who have consistent success are more conservative and have a fundamental approach to real estate investing. While it may not be as exciting as speculating, the rewards of more conservative flipping are nearly as generous, and they are paired with far less risk.

The biggest difference between flipping and speculating is that flipping works in any market, whereas speculating only works in certain places at certain times. Las Vegas from 2002 to 2004 was a great time and place to be a speculator, but if you were still in the market in 2006, chances are you got burned by more than the hot desert sun. Basically, speculating often works on the "greater fool" thesis - that you can always find a greater fool than yourself to take a property off your hands in the expectation that he will be able to find yet a greater fool. Eventually, someone is left holding the bag and that's when the party is over.

Flipping, by contrast, relies on fundamentals. The idea is not to catch a shooting star in a rapidly appreciating market. Rather, the plan is to find undervalued properties, rehab them, present them in an attractive manner, and sell them for a reasonable profit. Not only is a rising market not a requirement of flipping success, it may even be a mild detriment! After all, it is a bit harder to find bargain properties in booming areas. Sure, it can still be done, but the point is that even falling markets are prime for flipping since the holding period is often too short for the value of the property to decline beyond the deep discount at which it is purchased. Assuming that you add value through rehabbing, you almost can't lose!

Exit Strategies - Always Have a Plan B

While speculators often rely on the "greater fool" strategy, flippers tend to have one of two exit plans: 1) Quickly flip the title to another investor, or 2) Rehab and sell the property at the retail level. While the lion's share of the profits go to the retailer, a quick wholesale deal can free up your cash (and energy) for the next deal. But what if neither strategy works? What if the market really crashes and the buyers disappear? Is all lost? Of course not!

For complex economic reasons, the rental property market does not always correlate with the housing market. In fact, they are often countercyclical. Although most flippers aren't terribly interested in being landlords, generating rental income from a botched deal is a solid backup plan. Better yet, you can usually refinance the property after rehabbing it to get all of your money out. From that point forward, the bulk of your rental income will be pure profit, and when the market improves, you can make the sale. Even better, you can offer your tenants a lease with an option to buy, which is attractive to many young families looking for their first home.

The media portrays real estate flippers as the investment world's answer to Wild West gunslingers, but in reality, nothing could be further from the truth. Compare the "worst case" rental income scenario of real estate flipping with the "worst case" Enron scenario of stock market investing. There really is no comparison! If you take a fundamental approach to real estate rehabbing and flipping, your risk is limited and your profits are virtually limitless. It really is the best of all worlds.

Ok, you caught me off footed 

But the difference is that, the discount is not given to the public and its because im related to one of the directors and shareholder of the company. And my entitlement to how many units with discount is unlimited and the top pick units (house facing south, corner, w/e) as long as available, i am able to exercise discount as said in my WTS thread. and the discount is off the Launch price in january 2008, meaning that I have already made my profit. But im prepared to hold my 2 units till completion of the whole phase(july 2008) for a ROI of 200% on my d/p.

And i am still able to exercise that discount entitlement to transfer to others.

Why obtaining it is no different then property agent? 
Gambling is entering and hoping to make a profit. Where as this is Investment meaning that upon entry, you have already made the profit, now how to exit(liquidate), either with more profit or less profit, but either way, its already a profit, and not a loss. This only applies to hot items/easy to sell off.

Get your point straight about the difference between gambling and investment.

Ok, you caught me off footed 

But the difference is that, the discount is not given to the public and its because im related to one of the directors and shareholder of the company. And my entitlement to how many units with discount is unlimited and the top pick units (house facing south, corner, w/e) as long as available, i am able to exercise discount as said in my WTS thread. and the discount is off the Launch price in january 2008, meaning that I have already made my profit. But im prepared to hold my 2 units till completion of the whole phase(july 2008) for a ROI of 200% on my d/p.

And i am still able to exercise that discount entitlement to transfer to others.

Why obtaining it is no different then property agent? 
Gambling is entering and hoping to make a profit. Where as this is Investment meaning that upon entry, you have already made the profit, now how to exit(liquidate), either with more profit or less profit, but either way, its already a profit, and not a loss. This only applies to hot items/easy to sell off.

Get your point straight about the difference between gambling and investment.

My only concern is now im under loan BLR - 1.25
I afraid the BLR would shoot-up if recession happen.

Ok, you caught me off footed 

But the difference is that, the discount is not given to the public and its because im related to one of the directors and shareholder of the company. And my entitlement to how many units with discount is unlimited and the top pick units (house facing south, corner, w/e) as long as available, i am able to exercise discount as said in my WTS thread. and the discount is off the Launch price in january 2008, meaning that I have already made my profit. But im prepared to hold my 2 units till completion of the whole phase(july 2008) for a ROI of 200% on my d/p.

And i am still able to exercise that discount entitlement to transfer to others.

Why obtaining it is no different then property agent? 
Gambling is entering and hoping to make a profit. Where as this is Investment meaning that upon entry, you have already made the profit, now how to exit(liquidate), either with more profit or less profit, but either way, its already a profit, and not a loss. This only applies to hot items/easy to sell off.

Get your point straight about the difference between gambling and investment.

Ok, you caught me off footed 

But the difference is that, the discount is not given to the public and its because im related to one of the directors and shareholder of the company. And my entitlement to how many units with discount is unlimited and the top pick units (house facing south, corner, w/e) as long as available, i[/B] am able to exercise discount as said in my WTS thread. and the discount is off the Launch price in january 2008, meaning that I have already made my profit. But im prepared to hold my 2 units till completion of the whole phase(july 2008) for a ROI of 200% on my d/p.

And i am still able to exercise that discount entitlement to transfer to others.

Why obtaining it is no different then property agent? 
Gambling is entering and hoping to make a profit. Where as this is Investment meaning that upon entry, you have already made the profit, now how to exit(liquidate), either with more profit or less profit, but either way, its already a profit, and not a loss. This only applies to hot items/easy to sell off.

Get your point straight about the difference between gambling and investment.

If that's the case, than you are right....you have the upper hand. But do not mislead others. Others do not have your privilege in getting "developer's unit"; thus your post is actually quite misleading.
Yes, in a lot of cases there's always so called developer's unit and getting hold of that is the best. To those that don't know, that's one of the tactics in paying 0% downpayment for a property.

bryanyeo87,

This is called "bait and switch" sales tactic.  You tell people how great to invest/buy in this area.  But, you conveniently forgot to tell people that it is a GREAT deal because you have special discount that is NOT available to PUBLIC.

As we alway say, if it is TOO GOOD to be true, it is not true.

Dreamer

Fren, u are taking quite a bit of risk here IMO :

1. Unknown developer - Developer is unheard off, and while the GDV looks impressive (they always do BTW), they have not venture into mega projects like this before. Its fairly easy to fail delivering mega projects than stand alone ones. Plus, there's no guarantee that this propery will be better than Malton's.

2. Investment tenure - 3 years is a long time fren. I think majority of us here believes that recession will reach our shores within the next 3 years, and this developer can easily wind up its RM2 company and form another one doing another project.

3. Paying cash - Your money is stuck here if the project is abandoned or delayed, when you could've used that cash to pick up bargain completed properties or cheap bluechips stocks during recession.

4. Your investment strategy - You are buying the properties to flip it over the next 3 years. Whats your backup plan if the property appreciates only by 10% and you are in recession and liquidity is practically zero?Stay in both houses?

5. Pricing - While the property might be cheap if you looked from price psf, we are talking about at least 1/2 Mil property here. I think as of today, your property is the most expensive DSL in Puchong. For you to make good money from the property(20%), you need to sell it off at least 600k upon completion. Look at YTL's LakeEdge performance to date and you'll get what im trying to say. Being the most expansive property in the neighbourhood, your capital appreciation chances will be minimized.

Lastly, the location. Personally, why should one pay 600k for a DSL in PUCHONG? I'd rather go for a smaller DSL in Bangsar or TTDI, which boast superior location, excellent ammenities and zero new DSL supplies or zero competition in th future.   
The only good thing IMO would be the fact that there are fairly limited supplies of huge-a** DSL Puchong, so there are potentailly niche market you could go after. One caveat though, if your developer decides to launch smaller units at similar price in the latter phases due to recession or no demand, you are very much screwed.
No pun intended and apologize for my straight shootin' 

1. Developer is low profile la, and the fact that construction has built up to first floor (start work on may 2007) and not yet launched, does it not prove the financial strength? Hmm, didnt i list out the completed projects? :S
- Relau Estate, Penang Island, next to USM, 1000acre+, total GDV worth rm1.5b

2. who said 3 years? its only less then 9 months for holding where i just service PBbanks 0% interest for the first year and i have already exited with my profit

3. It cannot be screwed up, this is a maiden project for the area, supported by MPSJ, as well as politicians in the government and the GDV might be not be comprehendable now, but the master plan needs to be looked at before comprehension that the amount of the GDV is not bullcrap, like i said, the GDV is under exaggerated 

4. Why 3 years so long? less then a year la bro :S

5. Dude, who said its rm600k? its rm482k before the discount la :S
Completion is july 2008 with CF for 79 units.
TTDI and bangsar? hmm with barracks style of building(at the above price) :S, commonly called among developers as "cheras and jinjang style of building"  **sorry to you macha's staying at there and are pissed ya** 

This DSL is the only DSL and wont be building any more lower then this price landed property, simply because of good marketing stretegy and we know what happens when you undercut the current proeprties in the development and YTL lake edge wont have a lake no more and their current club house will be facing the back of the Austral Bungalows at the end of the whole development.

And the location is where you got it wrong, puchong can mean from the toll plaza all the way to before cyberjaya, but this is bandar metro puchong, if you see the attached location map, its about 3 mins away from giant USJ and thus location is the best of 3 places, USJ, sunway and Puchong (tesco), the bridge is already paid for and commencement for building by MPSJ is set at december 2007 (tendering and stuff takes a long time :S)

Interesting arguement... n yet i am not able to to digest it fully. Its my punni brain... sorry.

Property agent are able to get developer units... WOW. 

I am so ignorant of the business world n yet im thinking of ... err.. u know.

2. From what I've seen, the most expensive property within the same area usually have very little capital gains appreciation after completion. Easiest example, LakeEdge by YTL (a good, well known developer, IMO). It was sold from 380k (the most expansive DSL in Puchong at that time)  4 years back and today ASKING price starts from 450k, before nego. Cheaper DSLs from IOI has enjoyed at least 20% capital gains.

3. Its Puchong. There's very little demand for 1/2Mil properties in Puchong as of today

Lake Edge is a home concept I think most Malaysians can't accept. It's a non-traditional house without gate... and buyers cannot renovate the house facade or extend the kitchen. Not to mention maintenance fees etc...

It also sits on mining land and leasehold which implies a certain negative pre-conception to many Malaysian buyers.

My humble opinion house buyers in Malaysia are not ready for such a concept besides Putrajaya 
There are already existing million dollar bungalows and pricy semi-D in Bandar Puteri.

There is also the upcoming Laman Grandview you can see the IJM logo way up the hill... kind of sad really I wanted a house on a hill but Laman Grandview is way too pricey

http://propertymalaysia.blogsome.com/2007/...ranview-puchong

Secondary market value and capital appreciation I dunno lah... too rich for my blood 

1. History is no guarantee that a developer wont screw up up. Talam is great example. Im not saying this developer would be another Talam, but it doesnt hurt to plan for the worst.

2. I thought you are buying cash? No student can qualify for a commercila bank's loan, unless your daddy is a "Tun". Plus dont think anyone is allowed to transfer undercon units unless 'special' arrangements are met.

3. No sane developer would start a project to screw their buyers, but they will always protect their own pocket 1st if any mishaps occur. Result ---> Developer gone & buyer pays, big time.

4. 3 years is the time a normal developer use to complete a project. And flippers usually gains the most upon completion, so even if you can sell undercon properties due to your connections with the dveloper, why dont you wait after 3 years then get max profit if u r confident that the developer WILL DELIVER an exceptional , sure-hit product?

5. 600k is the price that one needs to sell after 3 years ( inclusive the normal 20% capital gains) in order to enjoy good profits and justify the risk you r taking.

6. Puchong is still Puchong, and the question is why would anyone pay "high-end" pricing for a none-high-end address? It make sense to me and many others to pay 1/2 Mil for a DSL property in TTDI or Bangsar or PJ, but Puchong? 

1st rule of property investment ----> its the LOCATION. If you think that puchong's location for property investment beats TTDI, Bangsar & PJ, I'd bet you are on the extremely small minority side.
Btw, you are obviously not a "normal" buyer / flipper as you can do the following :

1. Get major discounts from developer which is not given to the public. My question is, why share with us if you can earn the profts all by yourself?

2. You can 'sell' your undercon units few months later. Correct me if Im wrong, but no transfer of properties is allowed for undercon properties, unless you make special arrangements with your prospecctive buyer.

3. A 21 year old student to afford 2 properties totalling 1Mil, without bank financing? Apart from using FAMA fund, I could not find any other logical explanation for this.
Personally, I'll give this project a miss, due to the following reason :

1. TS entitled for special discount, and it could be m0re than just 5%. This means our entry cost is higher, we would have to sell the very same property at higher price just to break even.

2. From what I've seen, the most expensive property within the same area usually have very little capital gains appreciation after completion. Easiest example, LakeEdge by YTL (a good, well known developer, IMO). It was sold from 380k (the most expansive DSL in Puchong at that time)  4 years back and today ASKING price starts from 450k, before nego. Cheaper DSLs from IOI has enjoyed at least 20% capital gains.

3. Its Puchong. There's very little demand for 1/2Mil properties in Puchong as of today, and the cheaper LakeEdge buyers are experiencing problem to flip their properties even at just 450k.

Lake Edge is a home concept I think most Malaysians can't accept. It's a non-traditional house without gate... and buyers cannot renovate the house facade or extend the kitchen. Not to mention maintenance fees etc...

It also sits on mining land and leasehold which implies a certain negative pre-conception to many Malaysian buyers.

My humble opinion house buyers in Malaysia are not ready for such a concept besides Putrajaya 
There are already existing million dollar bungalows and pricy semi-D in Bandar Puteri.

There is also the upcoming Laman Grandview you can see the IJM logo way up the hill... kind of sad really I wanted a house on a hill but Laman Grandview is way too pricey

http://propertymalaysia.blogsome.com/2007/...ranview-puchong

Secondary market value and capital appreciation I dunno lah... too rich for my blood 

Aaron, the very same concept applies for DPC, but DPC is still sellling well. They are selling DPC for at least 50% more expensive due to developers solid reputation and its KL address. DPC southlake was selling for close to 400k few years back now asking for 600k.
On the expensive Puchong property thingy, I do know puchong has million dollar homes in Semi-D's n bungalows. Was referring to their Puchong DSLs. Personally, I dont think a 1/2mil DSL in Puchong is a great investment, thats all. There are many other alternatives that can give potentailly the better returns with much lower risk.

Btw, Laman Grandview is damn nice for own stay  , but for that price, I'd rather buy a leasehold PJ bungalow and do some cool reno

Dreamer, Thanks for asking.
My current loan is a flexi loan. and lock-up period of 5 years.
If the BLR shoot-up i have to pay more each month as it is daily rest.
I can repay the house for 2 months without income. I understand it is not strong enough but i guess my will need my FAMA to support me... hahaha...
wow... very good debate on the Lake Edge

As what i understand leasthold may need at least 3 months to sometimes more then 1 year to get the consent of transfer (form B15) if im not miskaten..
I waited 1 year for it... and keep calling them on and off... no idea why they want to hold it for so long.

As for the bridge to USJ just a proposed bridge and USJ resident didn't agree to build it. What would you think if you stay in USJ? Do you think it will benefit USJ resident?

bryan, could you attacted any newspaper cutting or any paper here on the bridge which you claim it will be build?

Please look at OneAvenue map on the USJ-Puchong link. It is just proposed link.
http://www.mcthomes.com.my/htm/usj.htm

I agree that the DSL house in puchong did appriciate alot due to Bandar Putri..  This is because it is located up the hill.

As for me. I think puchong are full with tolls, and the massive jam exiting tolls which is a very big pull-off... some may love puchong as it is near Cyber or near thier family member stay near by.

Dreamer, Thanks for asking.
My current loan is a flexi loan. and lock-up period of 5 years.
If the BLR shoot-up i have to pay more each month as it is daily rest.
I can repay the house for 2 months without income. I understand it is not strong enough but i guess my will need my FAMA to support me... hahaha...

that's the use of flexi loan....make full use of it; i.e. pay whenever you got extra money.
My loan tenor is going for 30 years with BLR-1.45 in average.
Plan to finish it in 10 years time.
I dragged the tenor for lower installment payment. But when ever I got extra mainly due to year end bonuses and my wifey's monthly incentives, we'll put in the extra to lower down the interest charged.
But if you're not confident or you can't make use of the flexi plan, also scared that BLR would increase....you should have chose fixed interest offered by AIA for eg.

What gives you 100% ROI(minimum) based on the d/payment you put in and cash out (profit taking) is 4months?
I mean what other alternative gives better return then this?

smart move buddy 

---

Added on October 18, 2007, 1:39 am
I might be missing something, but as far as my limited knowledge is concerned, you cant sell/transfer undercon  properties. So care to explain your SURE make money within 4 months profit taking method?
Btw, never been to LakeEdge (never bothered as I dont like the area  ), but here are some ads on Lake Edge :

PUCHONG LAKE  Edge. Fully renovated. RM465,000. Interested, please contact at : 013 - 210 7555 Edmund 16/10/2007

PUCHONG LAKE  Edge 2s 24x85 Int/End RM455k/570k, 2.5sty RM640k/710k Eric 012-2129550 / 80241663 E10452/2 11/10/2007

PUCHONG LAKE  Edge 2s 24x85 RM450k 36x85 RM575k Urgent sale rent also 012-2444868 MegaHartaE307551 9/10/2007

PUCHONG LAKE  Edge 2sty 24x85 5r4b brand new gated nice no RM460k neg. Cheap 016-2668679/79872500 E30978 5/10/2007

Based on these current asking prices, dont think the more expensive Austral within the same area(albeit slightly bigger) will do very will 3 years later when you flip it. But, if the profit taking method you are promoting here is do-able with no risk involved, then good for you 

Yeah you can sell/transfer for this

Well, first you buy at a cheaper price say rm 442k, and in january 2008 launch price is rm 482k (maybe more but definately not less) so you have made rm40k if you decided to cash out in january 2008, to accelerate your liquidation, offer the austral sales team to push your unit at rm5k cheaper then the launch price, thus making rm35k in 4 months and since that preferred units or top pick, nice number, nice "feng shui" or whateever is the preferred look for stuff units has been picked out, it is easier to liquidate.
@ the Bolded part above,

those are the target units and market for Austral,
And like I have stressed upon many times, it is not 3 years, the strategy for this Austral is quick in, quick out with a ROI of 80%~120% for a duration of 4months ~ 9months (full completion)
The other units selling at below rm500k intermediate/corner are those units near to the tenaga high tension overhead cables and are not sellable or are the least preferred units and this conincidentally are the so called "lower cost" units in the development with a different layout and quality finish compared to the above rm575k units(intermediate lot) of YTL's Lake Edge.

If its for investment,

(Example, Unit A is set at public price at Rm482,000, after discount its RM422,000)

D/payment is 10% = RM 42,200

Loan to service: PBBanks 0% 1st year( 0% interest because project completion is June 2008 so dont need to bear excessive cost)

Recommended Sale price for Unit A(the unit you bought to liquidate faster) : RM 480,000
Public Launched Sales Price (January 2008, or even now)                                    : RM482,000

Profit: Rm 58,000
Risk Duration: : 4~5 Months MAX
===========================================================================
Now the Catch
- I will bear all interest, legal fees and transfer S&P stuffs, meaning you dont worry about "extra costs"
- In return we agree upon how many % ROI you want(I recommend 80% to have quick, in quick out strategy)

So 80% of Rm 42,200 = RM33,760 <==== Your Share, isnt this good

Since the profit total from the Investment is Rm 58,000

Rm58,000 - Rm33,760 = Rm24,240 This amount you Pay me selling my entitlement and for me to cover the fees incurred so that it is "hassle-free and without extra costs for you"

So now you have a clean-cut, tax free Rm33,760 extra in your bank account, and you only put up front the 10% d/payment of Rm 42,200 for a ROI of 80% and a duration of 4~5months MAX

Worst Case Scenario 
- Property dives and lands on crap, you sell the unit at Rm 423,000 (extra Rm1,000 for your time wasted)

But points to consider

» Click to show Spoiler - click again to hide... «

This is the Developers maiden project of the area, and total GDV of the area is Rm1.5billion, I doubt they will screw up and let that all slide no? And the developer is well seasoned in mega projects as well as rehab projects 

Despite alot of banks wanting to finance the developer and end buyers the developer only shortlisted 4 non-islamic banks not because they are racist but it is faster and smoother to deal with based on track record and past experiences

Banks shortlisted are:
Alliance
OUB
Public Bank
Maybank (its inherited as a main financier since ages ago to have them and for their good track record)
You may ask your financier bank about the developers(Am-El Holding Sdn Bhd)'s reputation if still in doubt of the companies track record or credibility
Points To consider before jumping in
- We will sign an agreement between you and me on full and detailed terms.

- The unit is in your name, so if you decide to screw me, you can actually, but you dont want to do that do you? 

-Units are choosable based on, as long any unit is available, it is pickable.

-You dont pay me a cent until the unit is liquidated and according to our agreement.

- I know the sales team, thus making them push your unit out to buyers who want to buy, but since there is already a incentive for them to buy, would it not be better to get your unit, since its a better pick and slightly cheaper price

-10% d/payment is needed, although I can squeeze and get 5% d/payment as an agreement with the developer

- This window of opportunity is closing fast (less then 1 and a half weeks from now)

- You will need to go through me to get this, receipts and all legal documents are given so it is 100% legal.
Well, that is why top pick lots are up for grabs now to make your liquidation easier.

There is 10 other ways how this can profit you and me, but it will be discussed 
=

bryanyeo87,
i know some relatives that exercise what you are doing here...
i think its the same method... for my case, they grabbed all the corner DSL units in a particular area before even the soft launch... during the actual launch, they sell all of them at developer price making instant profit... no money down... correct me if your method differs

well... you must be part of the developer or at least related in order to make these kind of moves... of course there are other methods... maybe legal, maybe not

Pardon me for my stupidity.

Downpayment is needed as stipulated by you.
So 10% is already at RM42,200
Selling price by u is RM422,000 and launch price is RM480,000 (like you say) thus difference is RM58,000
Minus of the 10% downpayment as a must is only a profit of RM15,800 which is 37% profit....not bad.

But than need to pay you Rm24,240???........

So where is the profit now?!...

When I say it works for you meaning to say you do not need to "invest" the downpayment. Whereas others that deals with you would need to put in "downpayment" as initial investment. Money had already went out. How to "earn" back the downpayment paid by the buyers through your method?! 

bryanyeo87,
i know some relatives that exercise what you are doing here...
i think its the same method... for my case, they grabbed all the corner DSL units in a particular area before even the soft launch... during the actual launch, they sell all of them at developer price making instant profit... no money down... correct me if your method differs

well... you must be part of the developer or at least related in order to make these kind of moves... of course there are other methods... maybe legal, maybe not

byran, u mentioned about worst case scenario that u could get 1k back after all these troubles. but i reckon u gonna need lots of hard sell to push ur unit out if the property dives and crashes eventhough u are selling below market price. probably suitable to those who hold on to their unit (provided that they are ABLE to do that) till the market bounces back and not for those looking a quick profit off the market eh? that's how i think, no offence.

Actually i heard of this story many times...
As for Corner Shoplot it is difficult to get la... anyone experience this b4? a pre-launch price for corner shoplot?

Yeah my method is similar but slightly different, due to the fact that i know the office sales team to push your unit out faster if you want to liquidate.

I am related

The other ways are "not safe" meaning that no black and white to backup in the event a legal dispute happens.

and are you strachan?

my guess is pretty near then, the power of networking...

i'm kenji, i've seen strachan's nick somewhere before though...

if i'm able to get my hands on a corner shoplot at a good location, i won't even think of selling it... rent it to a bank... fat fat cash cow...

so why help others when you can profit urself? hmmmmm
btw if i wan 10 units possible? and i don't need a loan

@b00n

iirc i know that there are people out there who just pay the deposit during the launching period and wait for the prices to appreciate before selling it to potential buyer who is more interested in staying in those particular property than speculating..... but then im not sure if it's legal

I'm not sure too as the debate had been brought up by Pai too.
All I am certain is when one paid the deposit and signed the S&P, the unit is theirs if they didn't violate what is stipulated in the S&P.
So before completion of property if one decided to sell it off for a profit, technically they would have to pay the full amount of the property or as stipulated inside S&P to the developer before changing hand. Than need another S&P which is now between the seller and the buyer and no longer the buyer against the developer.

So technically while buying first hand, one might not need to come out with the full payment. But by buying 2nd hand; besides putting down the downpayment, one would have to secure a loan (if he doesn't have that big amount of cash) before signing the S&P the second time.

Pai might or might not know better since he's being investing into property market where I only knew the basic. But down part is he only acquires 2nd hand undervalued property mostly for rental income where appreciation profit is a surplus.

i think you misunderstoof me here..... they paid the booking fees and not the downpayment and then sell it later to someone for a profit...... no S&P signed.....i think it's illegal right?