Hi i'm Tang a 26 year old real estate agent. Business has been slow and i'm having alot of free time on hand. Anyone need advice on property? Just wanna start a thread to keep my knowledge on property active. TOTALLY FREE REAL ESTATE RELATED ADVICE or just come in here to tok property cock lor.

ANYTHING FROM RESIDENTIAL PROPERTY INVESTMENT TO EVEN PLANTATION RELATED INVESTMENT ADVICE. COME TRY ME!!! its not a challenge really want you guys to come and try by just asking a question.

This post has been edited by looqsonline: Jun 12 2008, 05:01 AM

Hello Tang,

I'll ask three:

1. Which areas and what types of property do you cover?
2. How cum it's very difficult to find a real estate agent who is a hot chick
3. Usually how many % difference are there between a property's asking price and the minimum the owner is willing to accept

ermm how bout....

1. what is the average commission you get for each sales?
2. do you get basic pay?
3. what do you think about resort property investment?
4. Do you think PD is still a good market

yoo congrats on being 001 hahhah

1.i don't do retail properties. i mainly handle corporate clients interested in commercial buildings, developement land and plantations. I do do commercial and residential poroperties but only if i come by it or if a developer asks me to sell for them.

2.hot chicks just want to get a stable job stable income nothing hard ride it out then get married to rich guys i guess. (Controversial)

3.wow very subjective depending on the market value and on whether the seller is desperate or not. like i said again i mostly deal with corporate clients only so for corporate clients they are concerned with whether or not the property is viable for them and if the price is within market value.

viable + within market value = buy

very viable + above market value = buy

non viable + above market value = boot in the butt

or maybe you would like to rephrase question number 3?

This post has been edited by looqsonline: Jun 12 2008, 06:39 AM

wat do u think about the real estate market in coming 2-3yrs in both residential (condo /landed) and commercial ( shoplot / factory/land/ofice space )?

which has the over supply > demand or vice versa?

hard question. Right now property prices are rising because of speculators and the rising cost of raw materials. the property market is like a pyramid. It is fueled by mid to low end properties. Right now middle income families are dying. Alot of NPLs. Government sucks. Non pro business etc. i think over all property market will be stagnant for the next 4-5 years. Plus this is a property cycle and property cycles that crash usually take along time to recover for a million reasons i could answer if your questions are less general and more focused etc certain areas, particular properties. Further more now new developments are expensive because of raw material not because of demand. Demand just isn;'t there. etc kota kemuning dying out, bandar botanic dying out, desa park city dying out, lotsa other projects as well la especially those big new suburbs.

But again there still are people getting rich. Residential or bangalow land in established areas such as bangsar damansara heights bukit damansara will still give favorable returns compared to market norm. One area i believe has good fundamentals is Old klang road. Stable middle upper income chinese area. more favorable compared to cheras. Mont kiara is also balancing on the middle of the scale. Mont kiara is only 28-35% owner occupied. Most of it is owned by speculators. But again mont kiara has got good fundamentals etc living condition and atmosphere, educated general population, amenities etc. Then again theres a problem with the rental market as well if u wanna know more about the rental market ask me and i will elt you know on the next thread

external factors = china india middle east. Alot of major projects in these areas are starting to complete. Don't what is going to fuel the construction and real estate market after this. Even now high end projects are selling so slowly. And further more the danger of having an overly priced luxury market in comparison to the GNP per capita is very dangerous. One very good example is the KLCC area.

Conclusiopn is that i can't tell you how it will go in 2 - 3 years time but all i can say is that right now it is not the right time for the general public to go into property investment. I can give u my opinion but u be the judge. The right time was in 2002 when everything started and the time to sell was middle of 2007 when the market started to get hoit because of the lax of foreign ownership of local properties and the lowering of RPGT. But again People can still make money in a recession (heheh i'm not gonna say how).

Alright DR. RE is going to charge u RM50 for the hour of consultations.

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Added on June 12, 2008, 7:08 amoh ya forgot to mention we are already at the start of a recession since the rise of petrol and basic neccesities. BLR<inflation = stagflationary recession. google it.

This post has been edited by looqsonline: Jun 12 2008, 07:08 AM

TS, I have a 12 acre Palm Oil estate in a remote area in Perak. Already 20 years old trees. Any idea what should I do next ?

how long have u been an estate agent? i have a friend who's interested in that line. probably not anytime soon due to current market conditions. thanks

This post has been edited by speed7791: Jun 12 2008, 03:41 PM

looqsonline, thanks for the advice. I will look for you when the fire sale is going to begin about two years from now In the meantime, you can 'play' forex or commodity futures .

Actually after the next fire sale, I am bullish on Malaysia properties. Some of the reasons are below:-
1. Being undervalue for more than a decade comparing to Singapore. Yes, we have heard of this before. But after 08, we may have a big change in Malaysia government.
2. Malaysia is still a commodity producing country(may not be net exporter), e.g. oil, palm oil, food. Those non-commodity producing countries may not be livable because prices of commodities are so high. It could be there is no open market price especially if the politicians are successful in shutdown commodity exchanges. For example, if a buyer want to buy crude oil, oil producing country will quote you a price considering the relationship between producing country and buyer country. Just because the buyer country can pay, does not mean producing country will sell.

what do you think about Iskandar property there? heard of it? then tell me what you know..

where is the location of the land? and isit a free hold or leasehold? bumi or non bumi?

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Added on June 12, 2008, 6:29 pmsince my teens? about 10 plus years but only full time since 4 years ago. Being an agent is difficult la. You really have to think out of the box. You have toi know your stuff. I have people who just stick to finding house owners then listing waiting for people to call and then to show them the house. Nowadays everyone does that la ... You have to find your own market and close clients in your own way .. and specialise in your own niche. And also have to be very patient lor

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Added on June 12, 2008, 6:44 pmyeah heard of iskandar. You are talking about long term or short term?

Short term don't expect anything good to come from IDR any time soon.

1. will there be so many investors or not? it's a huge project .

2. this is a world class project handled by a tribe of monkeys

3. why did putrajaya fail ... because it cost the three government three times what it should have been and also they spent peanuts on the infrastructure and everything on making the place look impressive. It is an IT Hub .. the back bone of an IT hub is its internet ammenities. the internet there sucks . If it was great, Dell would be in putra jaya. Lenovo would be in putrajaya .. Further it's just to far from anywhere else. Dumb move dumb planning .. just pure dumbness...

4.Again everything comes back down to infrasturcture .. and iinfra is provided by the government... i went to see the place a couple of times .. and the heart of the project in nusa jaya .. is a freaking 5 acre building in the middle of no where... they call it the administrative centre of the whole thing.



5. bad ideas + bad foresight + bad planning + bad financial managet + horrible implementation = absoluite failure

but again there might be success if they can implement the singaporean buffer zone. But stupid law states that no one can pump petrol 50km from custom checkpoint. And that is just where the dam nusajaya is. Anyway singapore is kicking out the poor people. They are hoping to make singapore and rich man's state. There will be tax reforms as well in singapore like in the UK where PR residents can stay in singapore for 192 days and get zero tax on income. So when cost of living becomes to unbearable, alot of these people will move down to nusajaya. But again like i said la .. if the government casn implement the buffer zone well it will create demand within the next 15 years from singaporeans. But as we all know nothing ever ends up right in Malaysia.

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Added on June 12, 2008, 7:18 pmWell your right. Anyway io don't invest in volatile investments. I still prefer property well anyway it is in the blood cause my dads a developer and it seems that everyone i know is involved is within the construction indsutry. i guess there is a click there.l

1.high end properties in malaysia already heavily invested by singaporeans. And overall globally property investors are on a decline. Further more property cycles are always slow to recover. So not in the next 5-6 years. Also right now we are all waiting to see how prices of raw material will go once the construction industry has cooled down globally.

2.True but again, commodities in this country are controlled by the GOV can be a good thing (gov controls prices in favor of the Rakyat) and can be a bad thing as well. Then again when you look at non commoditty economies like singapore, food prices there are cheap when you convert and if u compare in nominal value. I can get a decent meal there for SGD 3-5 inclusive of drinks. A cup of teh o there is 90 cents. that';s about the same price as teh o in KL. And also income there is always on the rise in comparison to inflation. Petrol prices in singapore as of 2 weeks ago is 1.89. Nominally it is cheaper then in KL . Now singapore is what i call a good government. Then regarding crude oil and palm oil it is a big boy market la .. Rarely trickles down to the general population. Enriches government and the big boys most of the time. Our oil reserves are running out, petronas is not making enough effort to become a global player and spend money on research and exploration.

I mean there will always be inflation but then there has to be a rise in income as well ... I rarely see income rise in Malaysia.





This post has been edited by looqsonline: Jun 12 2008, 07:18 PM

O Great Doc RE,

Between a brand new RM220k fab studio apartment unit in SS16, Subang Jaya (near KTM, malls, security etc) and a RM230k 15-year-old landed property in USJ, which one will you buy and why?

Dr RE isn't great he just wants to get paid. Then Tan Sri RE will be great ...

I'd stick to the 15 year old landed property. but then again are you going to stay or purely for investment?

It's for own stay with a view of renting it out or selling it after a few years.

Aiyoh, Dr RE is trully a real estate agent, thread title say "Free Solid ... Advice", now wants to get paid

hahahah ... will give my opinion later but first i want to rebutt your comment .... eh dr RE got study loan from medical school to pay la ..

thanks for the reply, the question is meant to be general to test out ur talk cock quality.

still early to pay u RM50. but u did answer well on many aspects.

hahah i have three rules to success....

talk cock

sing song

play mahjong

nvm la i am like pathlabs. free blood test hope you will come in for full check up ... and i don't answer la not pro enough to do that .. i just give my opinion ... what do u think about your own question? mind to share?

Hi, need comments from u between the property below
tend for staying or may do an investment in future if i rich to buy another house.

1. Kemuning Utama - Indah Residence
http://www.wikimapia.org/#lat=3.0082486&lo...=17&l=0&m=a&v=2
http://www.ku.com.my/index.php?option=com_...id=91&Itemid=43
the new phase not yet launch, price unknown yet.
may i know roughly what the price will be if based on previous phase Indah Residence worth RM308k

2. Berjaya Park - Hazel 2
http://www.wikimapia.org/#lat=2.983756&lon...=15&l=0&m=a&v=2
http://www.berjayaproperties.com/hazel.htm
the new phase not yet launch, price unknown yet.
may i know roughly what the price will be if based on previous phase Hazel worth RM240k

3.Bandar Puteri - Phase 5B
http://www.ioiproperties.com.my/bdrputerik...ntlaunches.cfm#
http://www.wikimapia.org/#lat=2.9864131&lo...=14&l=0&m=a&v=2
price will be RM275k, may get discount RM6k for early bird and FOC lawyer fees

Appreciate if u can give some advice, me and my gf getting confuse between value and location... thanks...

Do you do industrial land? I have one less than 1km from port. Pecah lot already. Enough to accommodate 20-30 SMI.

Tang, for a 26 yr old, personally think your knowledge n view in our RE industry is quite impressive.

Generally agree with you on your view and got 2 question for you :

1. DPC is dying meh? Thought all their projects were well received, barring Northshore?

2. D0 you invest in properties as well? Mind sharing with us where?