but overall what u think of the thing? don't you think it is a safe investment for a small sum of money?

it is true what your saying. everything goes back to demand and supply. Even if a developer launcehs a project sells out in a week at 1,000 psf in rawang it might be because of their aggrasive marketing overseas. at the end of the day as a local investor your most possible market is the local buyers. unless you have an overseas agent selling for you maybe u can get them to sell it to foreignors who miught be buying because cheaper then back home, just want to get rid of some undeclarable money. People always forget that. I always hear people say wah so low meh the porice u offer me to sell? my neighbor sell at 500k ler ... fact of the matter is that his neighbor was lucky but he never bothered about those that sold less then his expected price. The most important thingis to know previously transacted prices which estate agents have access to.

infact if you really wanna invest in property, go for a pro agent a really good one got all the info at the tip of his finger tips. then pay him a finders fee at the end of the transaction. Paying a bit more to find a good solid investment i believe is worth every penny. Instead of getting a cheap agent who will just say anything to get rid of properties he happens to come by. That's the reason why really rich people constantly make money investing in property. Either they buy properties with big commisions or they constantly buy propeties or they actually pay agents finder fees. Money motivates agents just like everything else He will go all out to do research for you. Real estate companies have systems like starfish which shows all transactions previously done and even some can call on indicative values over the phone. Best are those who work in RE companies that have valuation licenses. Most importantly always make an effort to become friends with your agents or bankers and lawyers. We're not saying we know better, but we are in this business. It is our livelihood. How can we not know our job? Again find a pro agent ... dont find the chaplang agent who is just very good at selling. The really pro agents know their stuff. they know everything inside out they want to be developers one day. They should even know how much it costs to build a house estimates only la...

Agents can tell you what they know what they heard and whate they read. But they cannot tell you the future. They can lay out all the information necessary to make your choice. But again they can;'t tell the future.

I've seen shabby estate agencies that dont even have standard sheets in their office. Also if your serious in prop go buy a map from ho chin soon ... it's about 2k but it's seriously good shit. and the full set is worth 9k. These maps have even the previoous transactions done. i can't afford it but my office has one.

This post has been edited by looqsonline: Jun 15 2008, 09:57 PM

What;s the name of the project?

1.u want to buy and built for youjr own stay or buy build and sell? But putrajaya is hardly the place to build and sell a bungalow. but of course land prices there are cheap. again many factors come into play. Make your question more informative about what you want maybe i can give my opinion then.

ooo0o0o0 anyway love the idea. That's going to be my first project. buy bungalow land about 1 acre and build townhouses. Eying three pieces of land 1 in bangsar, 1 in old klang road and one in country heights rawang. Fast simple, small GDV small start up and also can put alot of my fancy ideas into work. all full steel structured. floor to ceiling glass paneling. then buy actual rainforest fully grown trees and plant around the place. o0o0o0o0 then hopefully can get achitectural recognition for that, then move to singapore and build modular offices sell it to some creative business in singapore. Get recognition for that then buiild a self contained mega city... muahahah ... tan sri RE!!

Yes there are but i leave all the number crunching to a few of my friends. But of course i share my comm with them la. Then along the way i learn abit here and there lor. Again when u say what is viable for corporate customer you need to know the customer only then u will know what is viable for them. question number 2 is to broad. For developers or maybe for a corporate client wanting to use for a certain number of years then maybe develop then. They all have different backgrounds thus have different needs and want different things.

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Added on June 16, 2008, 4:21 pmI guess your of a more mature age more realistic. For me still young want to take risks and make it big. Hopefully i do soon before my fire dies out. Everyday i still dream about my first project.

ok la .. i on you .... happy ending i pay.

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Added on June 16, 2008, 4:23 pmthanks for the heads up bro.

This post has been edited by looqsonline: Jun 16 2008, 04:23 PM

2.on commercial title, rates utilities more expensive. but the freehold sounds good. but 400++ psf a bit ex.

3.soho units not many families will buy at 685 sft further more to many units on a 1.6acre land highly dense project. parking might be a problem. also visitor parking also can be a headache.

4.majority of soho that succeed are around major commercial centres and also places where the number of yuppys or english speaking white collared young people like to stay is elsewhere in places more expensive places like bangsar kl area etc etc.

oh if it is titijaya then ok la the developer quite reputable not the best but just right in the middle. and i think they are quite new less then 10 years in the market.

6.by the time it delivers in 2011 there might be alot of uncertainties then.

good points are that nearby ktm within established housing area. KL access through NPE but have to pay many many toll laa... and also close by sunway ... but might face alot of jam on road heading infront opf sunway. but access to federal highway very good.

HHMMM i think moderate buy ler for many reasons. unit to small ler ... resale might be harder. but should be ok for rental since nearby colleges but then might not get as good rental maybe only can cover 50 - 70% if installment 1,800 for a 300,000 unit, maybe can rent out for 800 to 1,000 because unit small? and then many students won't want to stay because 1 person rent (unless they creative enough or u creative enough make a lofted room so 2 people can stay.) 800 - 1,000 a bit ex. i say worse rental is at RM1 psf best is RM1.80 psf

but i have toi let you know this is off the top of my head. I don't know the area well and have not seen where exactly isit located. also i don;'t like to buy non landed from unkown developers. i'mjust very scared management might be lousy at the end of the day. how much are the surrounding properties worth?

if it is titijaya ok lar they quite reputable mid sized developer. but been less then 10 yrs in the market. also you should get an agent friend to check previously transacted subsale prices for you. see if got any from the project or not

This post has been edited by looqsonline: Jun 16 2008, 05:03 PM

oh my god i don';t think iw ant to reply you laiw lar ... u are another ambitious developer .. dammit you are going to develop and inflate all the land prices for me la .... and what do u mean by land cannot sell for 20 years?

hmm 6,000 sf? mmm kinda small ... but assume u buy at 83psf or RM500,000 let's say you build a 3500 sf building at 250psf er cost all in about 1398,000. you finance 65% and the interest cost for 45% or 360,000 of construction cost is another 360,000 for the next assume 30 years. so . everything in plus holding cost already roughly 1.75 m plus 4% perannum compounded interest for cash lost to land 500,000 and lost to construction 585,000 equals 1m est. so 4% for next 25 years compounded ... 2.665m ... so you need to sell at least 4m at the end of the day... estimate. after 25 years.

so u need to rent out at about 2,000 to pay for bank install ment for 25 years and hope that capital app can get back your money at very minimal profit. not really worth the while ... there are other better options for your 1 million

all based on assumptions ....

er i can let u know one thing la . based on residential projects .. profit between 11-25% on GDV ... initial cost ... 10-15% of GDV ... usually 60 - 70% not losing or making money meaning by the time hit the previously mention figure can go full swing finish project to offset holding cost if any. So very subjective but basic rule of thumb. The real money is commercial prop at up to 48% profit on GDV.

This post has been edited by looqsonline: Jun 16 2008, 05:33 PM

hey seriously try tiaraville ... i think it's good and within your budget

heheheh ./.. moneylust bought one unit there. he made me realise how tiaraville is a good investment .. gonna start a new post .. and grade tiaraville as rental A- and capital app as B++

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Added on June 16, 2008, 7:40 pmu signed up and paid money already? u pm me your name and ic number i call her and see if she can squeeze for you or not ... then i can squeeze her half ball

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Added on June 16, 2008, 7:42 pmeh bugger you .. monash students renting for 2,400 ler ... can cover your installment plus extra in the pocket every month ler ... so put time put place we go massage happy ending i pay myself

This post has been edited by looqsonline: Jun 16 2008, 07:42 PM

well if you really have 1 million, and don't mind going into agriculture, go have a look at jatropha

huh? ur father in law quite funny la .. if cannot sell for next 20 years .. how to do a MOT to you? and then could it be that the land title has not transfered to your father in law yet? i mean he maybe your father in law... but father in laws just aren't as good as your own father.

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Added on June 16, 2008, 9:32 pmhuh? from sibu? hoo chiu neng ah ? ngui ya li le ... i'm foochow from kuching. er i don't really do completed properties. but lrt close excess to kl putrajaya highqway? u work in putra jaya? it won't be the right time to buy in the next 1-1.5 years .. but just don't buy from developers buy subsale units there are lots of bargains out there now . but which area are u interested in? near lrt and kl - putrajay highway abit hard to find ... maybe taman desanear midvalley ktm or bangsar near bangsar lrt and pantai lrt or maybe pantai hill park? not very near kl putrajay highway but only 10mins away car or old klang road near ktm. Anyway pantai hilklpark is a place to keep an eye on after the suqatter cleared

This post has been edited by looqsonline: Jun 16 2008, 09:32 PM

eh call me up at 0198276007 if you want to find someone to do your house for cheap but you have to supervise yourself la ... All my dad;s friends ex or existing workers. They did my dad's house in bukit damansara. Anyway got electrician got carpenter. i think 2 of the important people in reno also got some myanmarese for labor. Anyway you will save alot moree if you supervise yourself of coujrse more time consuming la... heheh reno is the most fun part yet the most painful everything paid in cash. sigh ...

heheh i got a feeling this madeline is an aunty ...

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Added on June 16, 2008, 10:43 pmanyway you all should meet my friend stanley. a guy from miri but stayed in kl more then 10 years. he built up his portfolio within 5 years from a 250k house to right now he got about 10million in property. wanted to buy down a shoplot in bukit bintang for 6 million from me last year to convert to a budget hotel. went withhim to public bank and followed up with his loan with him. The manager at his branch said upper management sees his application as very likely for a RM12 million business loan because his portfolio is so big and that he only owes 50% of the 10,000,000 owed to public bank and his ccriss is very very nice everymonth 0 but my f***er seller backed out at the last moment so it didn;'t go through. so he went to plan B and bought solaris for 5m signed spa then seller backed out and my friend got paid compensation not sure how much but should be within 6 figures or more. Haven't seen him in a while but heard he just tendered for gov project.

He is the true prop investor ... kiam siap everyday do nothing but look for property and dam good at negotiating will even get RE agent to bring owner out. And best he don;'t care one .... he will scold you he will screw you to get what he wants his best line is " i don't want i just don't want i can afford to not want you want mybusiness you give me what i want." dam kau lansi

This post has been edited by looqsonline: Jun 16 2008, 10:43 PM

well this is my take on the thing but correct me if i am wrong people.

in Klantg valley the reserruction of the building and construction industry started in late 2000 where mkland announced the biggest single private RE contstruction development in the history of klang valley if not malaysia in the surrounding areas of one utama and the curve. Then a year later puchong started becoming aggrasive as well. This was when the boom started. Citibank came into the market and got aggrasive hiring executive staffs and aggrasively pushed retial banking. alot of loans in the one u area belong to citibank. other developers started seeing that middle to lower income market was good money so they followed suit. soon many other new suburbs starting sprouting out. other banks followed suit and then the housing loan market got very agrrasive and BLR was the lowest in malaysian history. Because of cheap and accesible ccredit many middle lower income people started buying. whereas many business people concentrated their money in business and that created alot of jobs. 2000-2003 was considered the start of the boom then 2004 things started to plato out. So the middle to lower income market got empowered by this.

then in 2003 stonor park was completed the first klcc project selling at 600psf considered extremely expensive then. people went wah if only they knew the oprice 5 years later. because alot of developers got flushed wiothj funds from projects catering to middle to lower income groups and also an announcement in 2005 to relax foreign ownership regulations and also to lower RPGT, many developers starting aiming for more expensive projects 700k and above. But in 2005 things started platoing out many rich people startted in vesting in stocks again as there is a time lag and many financial regulations were relaxed for foreign and also capital and BNM rulings were relaxed pre mahatirs 97 poolicies.

then in 2005 because of rising oil prices, many middle eastern people suddenly got flushed with cash as well so they want to invest in a foreign succesful muslim country,. they came to malaysia and also it is the most strategivc for them to deal with countries like china.

Then in 2007 when they relaxed the foreign ownership rules, alot of middle eastern people started buying here

right now high end properties are fairing better then lower end properties. those 700k above are still ok .. but properties 700k and below are doing terribly. properties 200k and below are doing the worst. Of course i am talking about landed. Non-landed ios fairing better then landed because of the location they are built. you can buy a 300k house which is very far away or live in a condo 300k as well but nearer. Anyway people are starting to really accept the idea of non-landed living. Also middle to lower income people are dying because of their bank loans and rising prices. Aggresive marketing and competitive rates made money really accesivle to people and they just kept borrowing and kept buying. Now alot of them are suffocating and soon you will see them burst. Ask yourself how much money do you or the people you know put to loans nowadays? i am 26 and i have 2 houses and a car to pay .. all in 4k a month . credit card is one of the biggest problems that's why bnm came in forced the banks to take only those with more then minimuim 1,500 salary i think minimum now is 1,800 if i am not wrong correct me please.

one very good example of why i say developers are really filthy rich now is because of the many extension in hotels and shopping centres. even companies like malton saw so much funds, they went on to develop projects like pavilion. Regardless of what people say, pavilion is 20% owned by malton and the rest a singapore company and the middle eastern people own a percentage of the singaporean company and then Kuwait finance house only bought a block of and financed part of the project.

well this part of the story conclusion prop700k and below over supply for subsale... prop 700k and above oversupply in rental. you do the maths lar .. anyway the rich have never been richer and they don't look at stocks anymore so you wont see over night bankruptcy. and business is still going on so they can afford not to rent further more the rich have learnt alot from over gearing themselves so they borrow less and try to settle the loan faster or they pay in cash.. anyway in 2006-2007 u'd be suprise but the biggest group of foreign buyers for the singaporean prop market were the malaysians previously indonesians buyt now malaysians. but the middle and lower income groups are constantly being hassled by banks to repay look around you and you will know. but the rich are still enjoying. ferrari sales have never been better.

also you say loans are going up, but alot of them are actually refinances and also there is growth but probalby not as rapid as the previous years.

no larrr ... u all crazy lar la .. ... it is only about 60% of my total commitments. remember 33% installment for loan applied ... and 75% of total commitments. i still have another 15% to go ./..

BROS NEED YOUR ADVICE!!!!! ARGHHH GENERAL SENTIMENTS ARE NOT LOOKING GOOD.! I BELIEVE 3RD QUARTER CONSUMER SPENDING WILL BE DOWN!!! JUST STARTED MY NEW TECHNOLOGY BUSINESS. iMPORT OF BOUTIQUE TECHNOLOGIES THAT THIS COUNTRY HAS YET TO BE SEEN!!! BUT THE ADDED EFFICIENCY INTO GENERAL OPERATIONS WILL BE TREMENDOUS ON COST SAVINGS. MY BUSINESS INVOLVES BOTH GENERAL CONSUMERS AS WELL AS CORPORATES.!!!!!!!!! EARLY MARKET PENETRATION HAS YET TO BE SEEN AND ALOT OF MONEY WILL HAVE TO BE SPENT ON EDUCATING AND LETTING KNOW THE MARKETS THAT SUCH A PRODUCT EXISTS TO PROVIDE SUCH BENEFITS!!!!

HOW? SHOULD I GO AHEAD AND IMPORT ON HIGH MOQ OR SHOULD I GO AHEAD AND LOWER MY PROFIT MARGIN AND IMPORT FROM LOCAL DISTRIBUTORS? OR SHOULD I JUST STOP EVERYTHING??? ARGHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HELPPP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NEED ALL YOUR COMMENTSS!! PLEASEE!!!!!!!!!!!!!!!!!!!!!

I AM NOT AFRAID OF NOW, BUT ACCORDING TO MY PERSONAL FORECASTS, MARKET SHOULD BEGIN TO ACCEPT IN 2-3 MONTHS TIME AND PRODUCT CYCLE PEAK SHOULD BE IN ABOUT 1 1/2 YEARS. ARGHHH HOWW??? HELPPP!!!!

This post has been edited by looqsonline: Jun 19 2008, 03:58 PM

donno lar ........ scared la ... one of my businesses already doing like shit because of diesel prices but thank god usd went up because we deal in usd. hai ... joe let's go mamak la ... and ya my head is already wet to wet to stop .... cannot la .. to much commitment to much things to pay ... staff office etc... came in at the wrong time la ... that's why alot of times ler foresight is very very important. further more income not really coming in yet ler ...... the business is ok .. but i am dying ... paying myself only 4k salary ... my liabilities 4k already .. hai need extra money to survive .... so headache ... who want to rent my see fat?

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Added on June 19, 2008, 9:35 pmsigh we can't pull the sme card cause they are to small to afford our system. I'm working on corporates mnc and mainboard listed companies. but corporates take to long and to much effort. That's why i refocus part of the business into retail so that i can earn commision fast and then company can make money to sustain. sigh brokering was so much easier no overheads no capital needed. sigh ...

pai u doing business or working?

anyone doing business? mind sharing experiences especially in a rocky economy?

This post has been edited by looqsonline: Jun 19 2008, 09:35 PM

well waht i mean is that ... the system is to expensive for SMEs ... it is made up of 3 parts ... hardware 1 ... hareware 2 and then software. hardware 1 and software is to expensive for SMES and and they won't see the benefits without the whole system. They can afford hardware 2, but the effort and time it takes involved in marketing to smes is just not worth it. So we have 2 divisions ... 1 retail and 2 corporate. retail pushes to resellers and corporate implements the whole system but is targeted at corporates and MNCs.

when you say until recently what do you mean? ur not working now? wo sme business i'd really like to more a]bout the credit processing as well as the cerdit policies heheh so that i know what the bank wants when i apply for a revolving or stock loan .. heheheh

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Added on June 20, 2008, 6:51 amwe can't ler .. unless we move forward, the business will just fail ,... sigh .. i'm like having a big pointed at my head

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Added on June 20, 2008, 7:02 ambusinesses with small shareholding .. 3 ... like really really small ... like 1 of them i even invested sgd 500 only... 1 recycling business ... a pub in sing .. but this tech company is major la .. i am working for the company as well ... just started everything last year since a big comm ... brokering is good but income is very unstable.

anyway its one of my dreams la .. to become pico the gigolo ...

so what's your job? everyone has things to share about their own industry

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Added on June 20, 2008, 7:07 amhoo dude .. u don't know how fast people are. Most of the tech i saw last year has got people doing it already. Especially the singaporeans. One of the sadest things is that from my own experience, 85% of all imported products here go through singaporeans. Alot of exclusive distributors are from singapore. that's one of the reasons why so many things are ex in Malaysia. ie hi tech products, ship building parts, heavy machinery and luxury goods.

ya timing was important it seems my timing was bad also didn't move fast enough.



This post has been edited by looqsonline: Jun 20 2008, 07:07 AM

hehehe if u can get me lobang from keppel to sell their oil rigs i don't mind .. or maybe get me some lobang contract from st E or get me some lobang from mindef to sell or rent out some of their old barracks i dont mind... even a contract to build or exclusive to sell the new solar film factory in singapore i also dont mind ... or even get me into capita ... i'd really like to get my hands on st james power house.. heard they are selling their 51% stake in st jaqmes? true or not?

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Added on June 20, 2008, 3:43 pmeh i just got a friend went to bahrain to work ... 2 actually .. one is a QS and the other a mech engineer.... one is getting paid 9k ringgit .. the later just joined ijm in dubai getting paid 7,000 usd. I was like WTF

you run your own engineering firm or working for someone? your an IR? IR joe_mamak?

This post has been edited by looqsonline: Jun 20 2008, 03:43 PM

alright, no prob my uncle the sultan of bahrain said ok. He say but must spend him go dragon girl massage happy ending. we do a JV la .. i sub the job to you. you tug the rig onsite and set up the rig. Then you sub operations to someone else. ok? happy ending

has been a long time since i've been writing on this thread. Apparently most of what alot of us including myself have forseen is happening. a Mortgage crisis is eminent. But don't fret opportunities are abound.

Current opportunities
- Stocks
- Opening a business
- Buying into property

Anyone interested in hearing my opinion about the three opportunities mentioned above?

Boom
To little liquidity, To many loans, Money is in demand, Raise loan interest rates to stop borrowing, Fixed Deposit rates rise as well to encourage saving

Slowdown
Liquidity is the same, Banking system worried about recession raises interest rates further to stop economy from overheating, Money even more in demand

Recession
Liquidity is low, Loans Defaulting, Banking system lowers interest to lessen defaults and hopes to create more spending from lower interest, Good example is Singapore and japan in the early 2000s where interest rates were only 0.5 % and in some cases fixed deposit rates were at a negative.

Depression
Liquidity is even lower, Loans default and Banks cannot afford to pay deposit rates or overnight lending rates, Money is scarce, Banking system lowers interest rates till fixed deposit rates are at negative to stop deposits and loans virtually freeze

Recovery
Liquidity is high, Loan defaults normalize banks start to see positive sentiments, Banking system increases interest rates marginally to get more money to lend out, Interest rates will continue to rise till economy overheats and hits a slowdown
Well in a conventional banking system, the national bank will use interest rates to control the demand and supply of money.

What happened in 97 was the total opposite of conventional. BNM raised interest rates to get people to save more and to force people to pay back their loans. At that time a lot of loans were un collateralized or meaning had no backing to the loan. In 97 BNM went against the norm and rose interest rates really to force saving and force repayments.

This time round, I personally believe interest rates will go up by a little bit as we’re currently facing a slowdown, but will gradually drop if we hit a recession, but regulations will certainly tightened. The banking system is cash rich and is unaffected by the global mortgage crisis due to the protectionist banking system in Malaysia. Malaysia also had very stringent mortgage loan regulations and also the ccriss and ctos system helped a lot. Though Malaysian banks did not expand as much as its global peers, it seems that this has benefited the Malaysian banking system. Malaysian banks are cash rich and watch out for more regional buy outs by Malaysian banks in the next few years.
Again to answer your question, yes go for fixed rate loans. Using a fixed rate loan for your first house is always a good idea. At least you always know what your going to pay. And if interest rates do fall to half of what your paying, you can always refinance by then. Go for a low lock-down period. But for me I’d like to be able to forecast and control what I’m paying for my first house. But be careful especially with insurance companies offering fixed rates. The agent will always ask you to buy a life insurance with the loan rather than buying a bare minimum policy.
But for me to answer your question better, could you let me know more about yourself, your household income, job, single or married, education, is this your first home, have you been insured and whatever other information you think is relevant information.
Again all this is my own opinion. I welcome anyone to criticize my view or explain what I’m trying to say in a better way in the search for knowledge.

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Added on November 13, 2008, 8:50 amI personally believe people who start a business and are able to ride through a recession have the strongest fundamentals. I don’t advice someone to take out a million dollars to invest in a big business, but instead start a small business. Home based businesses especially service related businesses can do better than industry in a recession. As home based service businesses have low overhead’s they can beat people in price. But be careful about receivable in a recession. Make it cash terms as much as possible. Also smaller sums are easier to collect then larger ones. Also always keep a compassionate outlook and never be arrogant in a recession. Hehehh the secret is to become a fantastic begger.
Recessions really force people to max out their abilities. It also teaches them prudent financial control which is very important in any business.
Choose your business right. I’ll give an example. You sure as hell won’t do well in luxury goods in a recession, but u might do well in second hand luxury goods. But I believe services are the best businesses to do in a recession. Low start-up, low overheads. So go get yourself a skill now.
In a recession, a company lays off people. But the jobs will still have to be done. For example abc company lays off accountants from their company. But they still need jobs to be done. So they will outsource part of their work. Get it? They sure as hell won’t go to big reputable accountant firms to do their small jobs that use to be done by the layed off workers and be charged high fees.
In a recession, you have a better hand than the big boys because of your low low costs. Also in a recession, you’re more likely to get cheap help or temporary help. You could outsource part of your work to freelancers virtually having staff without the headaches of monthly salaries. Just use them when you need. But again remember KEEP IT CASH TERM AS OFTEN AS YOU CAN. IF A COMPANY CAN’T EVEN PAY YOU A COUPLE HUNDRED DOLLARS… WALK AWAY.
Also in a recession, you really learn to be desperate and constantly look for sales yourself. You can only do well in your business only when you know where and how your money comes. Most succesufl business people are fantastic sales people. A lot of failed business people are fantastic administrators. So what have we learnt here? SELL SELL AND SELL THEN HIRE A FANTASTIC ADMINISTRATOR TO BECOME THE CEO AND TAKE CARE OF YOUR COMPANY. BUT ALWAYS KEEP AN EYE ON MARKETING SALES AND BUSINESS DEVELOPMENT
i.e. bill gates and paul allen. Paul allen was fantastic at operating the business and writing codes but bill was great at selling the company and understood how to sell the product and what product the market would want.
You won’t make big bucks, but you will perform better then norm and it will be possible to make 2k-3k where bigger companies are trying their best not to lose 2k-3k. Also choose your business wisely there are businesses that do well in a recession and do badly in good times. I.e. collection agencies.
I guess the secret to succeeding in business are three things.
Cheaper
More effective
More efficient
Again my own opinion. English is bad hope you guys can understand. Heheheheheh DR RE studied in UK Ulu Kelang

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Added on November 13, 2008, 8:58 amHmmm u've given alot of details but i guess the first question is this house for yourself or for investment? and if investment for long term or short term? and also do you have a family or are u single? Current occupation and future potential of income?

In my opinion, i will stay in properties that have positive rental sentiments when i'm single. If i stay alone, i could rent out my other 3 rooms when times are bad. And when times are good get them to move out. So it's very flexible i have lots of choice. But becareful about rental properties. Usually management becomes very messy and alot of fees are not paid. Especially in cheaper properties. And also properties with alot of rentals usually have their facilities screwed up by uncivic minded rental tenants. So again capital appreciation might not be as great but since the rental covers your installment your earning on that little bit of capital appreciation already. Also always see the surrounding tenants. I prefer richer tenants. teannts that are educated. Not the lala chai type of tenants who will go home drunk at night and piss in the lift like what's hapening in my place.

But regarding acpital appreciation, we have seen properties in places like ss15 and kdu and wangsa maju spike in rental and capital appreciation because of the student population. But u can see that properties which cater to the working crowd near lrts rarely see this type of a spike.

anyway again please answer the few questions i have above then maybe i can give u a better answer.


This post has been edited by looqsonline: Nov 13 2008, 08:58 AM

[quote=kelvinteh,Nov 13 2008, 10:24 AM]

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Added on November 13, 2008, 8:58 am

Hmmm u've given alot of details but i guess the first question is this house for yourself or for investment? and if investment for long term or short term? and also do you have a family or are u single? Current occupation and future potential of income?

In my opinion, i will stay in properties that have positive rental sentiments when i'm single. If i stay alone, i could rent out my other 3 rooms when times are bad. And when times are good get them to move out. So it's very flexible i have lots of choice. But becareful about rental properties. Usually management becomes very messy and alot of fees are not paid. Especially in cheaper properties. And also properties with alot of rentals usually have their facilities screwed up by uncivic minded rental tenants. So again capital appreciation might not be as great but since the rental covers your installment your earning on that little bit of capital appreciation already. Also always see the surrounding tenants. I prefer richer tenants. teannts that are educated. Not the lala chai type of tenants who will go home drunk at night and piss in the lift like what's hapening in my place.

But regarding acpital appreciation, we have seen properties in places like ss15 and kdu and wangsa maju spike in rental and capital appreciation because of the student population. But u can see that properties which cater to the working crowd near lrts rarely see this type of a spike.

anyway again please answer the few questions i have above then maybe i can give u a better answer.

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Hi Thank for the answer it is useful for me .

i planning to stay there for at lease 2 year and i am taking the master room with my gf . Currently we share the rental with other 3 room . After 2 year , plan to get a land property in Puchong and rent out this place . My occupation is Sr engineer in IT company and i have some investment in the share market . The price is within my budget . There are many chinese (look like college student and working adult ) staying here but i seldom see senior citizen ... From the parking , i could see mix of level of car . There are saga , wira ... and also civil ,vios ... Another concern i have is there is rumor saying that the empty space beside the condo will be build up with 4 17floor apartment which have selling price at 130k (780 sqf). Should i buy it now or should i wait till next year and verify are the rumor is true ? Will the new apartment will affected the rental of the area ?

Thanks

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Well from what your telling me now i can see u have to potential to buy a more livable place. So i would first of like to say that it is a good idea to buy that property for so many reasons <--- let me know if you'd like to me to explain. But again please do your research on the black and white aspects of the property i.e. title out yet ... management ... overall condition of the building. Remember usually non-landed that are unkept well will depreciate in value in about 10 - 15 years time .. worse still if it is a leasehold. Freeholds that have been kept well like in MK have seen continuos gains in capital appreciation. But i see this as unlikely in the cheras area but i may be wrong because i have not seen the surrounding. Again the key to capital appreciation is livability and its surrounding area and its future prospects for development of living facilities. People always forget that. a beautiful sky scraper building will fail if built in areas like kampung baharu where generally the surrounding is not up to standard one good example is the orion condominium near kampung baharu. Prices apprreciate because of the suburb or area not because of that individual building. Anyway i don't see how the property may appreciate substantially but again i maybe wrong this is just my own opinion. But it is a safe investment with moderate returns something that won't give u much financial headache. So it sounds good to me but again like i said all i'm telling u here is what is off the top of my head please do further research. Also like what u said since the facilities like power plugs etc etc are not sufficient, talk to management about doing renovations to your unit and see what their response is. If they can let u do renovations to general M&E thats a plus point. Anyway regarding the prop market it still has not reached the bottom yet . but in relation to the property you have mentioned, i think prices there won't go to low. Because most of them are for rental. maybe could find a unit with a desperate owner and bargain down to 170 or 160. But in relation tot he new project you are talking about, it is very subjective check out the project first then compare to your current condo. if it is a huge project like 100-200 units, it may effect rental prices. so be careful off that. But since u said it's a rumour, go do a land search on the land and find out who the owners are and find some way to get an insight from someone within the company. so then again there are many factors i cannot tell you everything right now but if u can provide me more information maybe i can help. Anyway just wait for 6 months or in another word do your homework for 6 months before you buy that property. Don't need to be in a rush, it's a buyers market now