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

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

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

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

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?

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 ..

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?

if u say for current occupation and since ur single and also since u do plan to invest further in property and also because the amount is not alot, go for the ss16 studioi apartment.

are u talking about the two new projects next to carrefour? i think it's called saujana something and jana towers or something ... are they commercial cum residential? and are they built on commercial land? i think the land is commercial i came across the land a long time ago. Anyway residential or service apartments have higher overall rates. utilities pintu cukai etc. U see non landed properties are very subjective.

First thing i would think about is if the project will finish. Any project that jhas sold more then 65-70% within 1 year will be fine. Anything below that beware the developer might jsut close shop and run away. Unless the developer is cash rich la and can afford the holding costs and pays the contractor on time. One of the reasons for delay in projects are contractors who go bust half way. Then the developer has to look for a new developer and for them to hand over the project to the new contractor it takes 4-6 months. Also the two projects have been around for quite a while go find how many units have been sold.

Secondly the management. it is very important then check to see their strategy on their financial management. Condos are very subjective because even if u put 2 projects side by side, one will give u very good capital and rental returns and the other might not even have the strate title out yet i have even seen condo projects with temporary certificate of fitness. Alot of times it is the management that plays a factor and also the quality of the build 3 - 4 years down the line.

so since it is near by taylors and metro and sunway college, also since it is near ktm and carrefour, you will get good rentals well not as good as MY place apartments which is just right opposite taylors la .. i think they are going for about 2,500 a month for a three bed room ... but again there will only be medium to high demand for your unit. Unlike those walking distance from the colleges. But if your into capital appreciation, i'd still go for the one in usj. Nothing beats landed in capital appreciation.

Also please go for a good view. I think the two projects are built quite close to each other. go for the one furthest from carrefour.

Anyway if you could furnish me more details i could let u know more i'm not even sure if we are talking about the same projects.

Oh ya forgot to mention your investment scenario you should for a fle3xi loan where buy u can repay anytime you want. Don't be cheated by low interest rates. Flexi loans can save u more when u pay lump sums further more if you consolidate your loans with your housing loan and put in your salary into your flexi loan account you will see how lama lama jadi bukit works Most lock down periods now 5 years but i think u can still find one with 3 years. financing plays a very big part in property investment as well. you must remember with a 30yr loan, the interest paid can buy you a second house about 10% more in value.

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Added on June 12, 2008, 11:30 pmDPC is one of the more succesful ones la .. but it is still dying compared to individual units in established areas. Its just to big but again it is a fantastic project if u can afford it. Anyway it is owned by one of the richest people in malaysia the boss of SAMling a timber group in sarawak. ANd also heard that they got the land for free or it was a contra from somewhere. Correct me if i am wrong please.

Well my first property was a lux condo my dad bought for me. but has been surrendered back to the developer. It was before 97. Had a fantastic concept but i guess the timing was not right. then 97 came and the developer went in the black.

then currently i have one condo i'm staying in oug it's a lelong property i got for 140k in 2004. great place to live quiet and easily accesible but price has remain stagnant but rental in comparison to installment is great infact 1 to 1 but of course i am not renting la ... i am my own tenant. then one apartment i am renting out to MAS in Kuching and also a few acres of really cheap land i bought with a few friends in kuching it was like only 70k per acre freehold. But it's in the jungle hoping my friends fathers predictions are correct and that they will build a trunk road across our land. A main road frontage will at least give it a premium of 100%. But since the last election in 2004 nothing has happened yet. Over all my properties are not making me bundles but i feel its safe and rental is good and i am not getting overburderned by my bank loans. slow and steady i guess

And i guess my knowledge about property is from the long long car4 rides i take with my dad and mum when i was young. And them telling me everyday that property is the best property is the best. I guess it is especially land. i just love land. one good example. 1 acre near ambank klcc ... 2003 6m++ 2007 35-42m dam man ............ ARGHHH

But again its kind of a curse cause all i know is prioperty... tried other businesses but always came back to property. and it's a hard industry.

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Added on June 12, 2008, 11:30 pmYes i do. pecah meaning subdivided isit? what's the total land area? can u use google maps to show me the area? http://maps.google.com/

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Added on June 12, 2008, 11:31 pmkemuning utama is a good place. go and see paramounts project. i love it. berjaya good concept... but i never have faith in them. their track record to shabby bandar puteri has a reputable developer but i think it's to far from KL and selangor. where as kemuning is in the middle. Infact kemuning is the best choice in the middle of klang and subang jaya and kl.... it's only the properties above 700k that are dying out but the propertis 350 and below are flourishing. Fantastic landscaping and concept nearby ammenities. i think u stay in klang? Anyway go see kemuning utama by paramount i think it;'s one of the best projects in kota kemuning. kemuning may seem slow now but it will be a hit in the future and its a great place to have kids. Further more accesible to SJ in 20 mins and KL in 30-40mins and klang in 20 mins. fantastic landscaping as well. i was thinking of buying kemuning but i decided to invest in land last year. i actually qued up for 1 week but ended up not buying. i think u can get a good deal in kemuning. The best thing to do is to actually spend 4 hours each in all the areas you have mentioned drive around, walk around see how accesible it is to where u work and also to major parts of the klang valley. I've gotten a few good deals from a few investors i know but i passed because it's a little to far for me to commute to show my clients.

Unless of course u only plan to commute to klang, then bandar puteri is a good choice. stay away from berjaya. seriously bad track record and i think they are not a reputable company. u might have headaches with your land title and also your security and compound management in the future.

so nice ah buy house with GF ah ... oh yah regarding value right i don't think i can give u exact prices so i won't wing it. but go for paramount's kemuning utama project anyway if i am not wrong the units have been built and there are quite a few good deals there and also the title is out already i think people correct me if i am wrong. I love kemuning la only if i could afford to stay there.

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Added on June 12, 2008, 11:48 pmThat is the scary part ... KL area has more then 3,000 units of condos completing in the next 2 years. Now thats an oversupply. Just go back to basic supply demand and derive your own variation of the law.

Montkiara was fantastic along time ago because of the japanese and koreans in the manufacturing and shipping business. but they have all moved. Since then no major group of tenants have moved in mont kiara,. But that day my friend with a unit in mont kiara was able to rent out a 2,000ft2 unit for 10k a month to a returning korean who is now getting paid mid level exec pay in korea but living at malaysian cost of living. So he can afford it. By the way for those who don't know .. seoul's standard of living is one of the highest in the world and the most suprising part is that moscow in russia is number one. correct me if i am wrong people.

yes u are right aman banyan kiaraville and mk10 will have a hard time renting further more they cost triple what the older condos cost. The investors from 10 years ago will ahve no problem lowering their rental further more alot of investors havefully paid their properties so it is easy for themn to lower rental. But the new investors in the above mentioned projects will have a harder time accepting the fact that they are not getting rental they expect.

We must remember investor driven areas are high risk high return and timing is very important.

(forgot mention montkiara is only 35-40% owner occupied). but one of the better projects i have seen is tiffani and kiaraville. Concept is fantastic would love to live in those 2 projects. And also those 2 projects will command better rental rates in comparison to bank installments also foreigners or rich people from outstation will love living there as well. The 2 project's concept will create demand for it. By the way both are a colaboration between local developers and capitaland so we can see how experienced singaporean develoipers are at building high rises. We are so far behind.

i believe the solaris mk10 area fantastic concept only if the rentals weren't so high and also because it is accesible by those in segambut area due to the opening of the small lil bridge next to kiaraville. And also it's more exciting and retail or consumerism is always about excitement. The plaza damas just to old liaw.

The YNH area ler mmmm ... aiyah mr yu is just a china business man la ... his track record in KL has not been very good and i believe he is having a big big problem with one of the expensive pieces of land he bought in KL. For more about that please pm me io think it is suppose to be hush hush.

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Added on June 12, 2008, 11:58 pm1.errr... industry secret but the norm is properties 2m and above the owner will usally give 1% only.

2. nope that's why it is hard to survive but once u can survive it is very easy to flourish. and when u become a pro all u do is go out and play golf squeeze breasts and play mahjong thus the term

1. talk cock (during golf)

2. sing song (press breast)

3. play mahjong.


3.resort ah ......... er subjective depending on the developer. But concepts in Malaysia are just terrible .. wah the sepang gold coast .. omg i wanted to faint .. and further more malaysia attracts only 2nd grade tourists la .. for ecxample the arabs ... we are attracting the poor ones where as in singapore hongkong and thailand are attracting the richer ones. If u want to invest in resort property, karam bunai is good very very beautiful but the developer sucks at maintaining the eco system but it is by an international developement company so i believe they have the experience as well as class. also u want to invest in the PD water chalets ah?

Also properties in malaysia which are built on top[ of water are very dangerous. No proper system yet. Insurance, land title, bank financing they have not really looked into these types of properties yet.

Anyway one good place to invest in out of the country is pattaya in thailand there is a booming resort property market there. And i heard angelina and brad just bought an island off koh samui.

Sabah is a very good place for resort investments alot of taiwanese are going there to develop resort properties. Also KK has the best waterfront or beach front in comparison to penang or PD or melaka....

When u talk about resort properties always ask yourself will i want to holiday here or are there better choices? by the way PD no upkeep the place looks like a big rubbish bin. Compare it to places like rockingham in perth australia or the gold coast or even sentosa and u will see how horrible it is .

This post has been edited by looqsonline: Jun 12 2008, 11:58 PM

budget, to stay or investment? where do u currently live? prefer non-landed or landed? where do you work? also are u talking about Klang valley or anywhere in malaysia?

This post has been edited by looqsonline: Jun 13 2008, 12:47 AM

Ya i agree with you regarding the developers. They will say aything to sell la as would any of us to make money. But alot of time the developers in klcc show u only the mouth of the river and not the big lake of shit. What they say is true but they never explain all the other complexities involved. Anyway the mm2h also quite a failure bad implementation. The worst is when they catch foreignors and group them with illeagals. I;'ve seen it happen behind the istana hotel many times. They always get people from rela to go and catch i mean those guys are just bastards who think they have power and authority. Ya 2,200 developer selling price i heard is currently the most expensive launch. But 1 project which is a hit ... the troika ... i went to the show room with a friend and jean todt and michele yeoh just bought a unit there le .. When it launched at 1,100psf it was expensive who knew that other dumb ass developers would come and follow suit at even more expensive prices. But cannot blame them also la ... land prices in KLCC area just skyrocketed and building material as well. Talam is the absolute worst developer in KL

in fact puchong and cheras is two of my least favorite areas in KL. sorry to say la i think alot of proijects were done in a mess. some projects are built on ex tin mines and the developers never even let the earthwork settle before construction. Then alot of abandoned projects. Roads are a mess bad accesibility and the average family income there is only 4k and no quality population. Prices maybe cheap but must rememebr housing is so close to light - medium iondustrial areas. I prefer a more english speaking yuppy area ... i currently live in old klang road which i think is one of the best areas to invest in KL now. When i moved in here house prices were shit but DAP and teresa kok did a good job of pushing completion of old klang road and also the completion of the offramp to kesas so it's just fantastic. Anyway my ultimate place to live would be bukit perseketuan hopefully dbkl will release land there soon. would love to have an office in bukit damansara and live in bukit perseketuan.

oasis also dead la ... solaris because of the high rental also looks bleak. hai oversupply of everything now la ..

huh u made 100% profit after minus all the costs ie rpgt legal financing etc etc? which area ?dam ur good la .... and how long did u hoold for?

i agree with u lor .. alot of people still want to buy undercon properties i dun understand why ... so many bargain subsale properties now ler ... especially girls who say that they are scared of ghosts or the house looks to old and always forcing the guy to buy a new property. alot of people just dont understand or are just ignorant to the fundamentals of investment. supply and demand.

as for flipping houses, malaysia very hard la .. people are just to calculative ... even if the house is in bad shape they will still sell at market value ... even if the buyer likes the house the design, he will rather buy something he doesn't like at a lower price ..... anyway the property mqarket here is so undeveloped compared to other countries where u see so many innovations in property. in the uk got one guy rent out his 10 acre land near the airport to people to advertise ler ... he use paint and spray the whole 10 acres so that when people are about to land, they can see the huge huge advertisement from the air .... hahahah a... malaysia the advertisers say u are mad ah ...

I think we both see eye to eye on the general market sentiments.

Actually two good investment now ... palm oil and jatropha. there are companies selling time share for agri development le ...

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Added on June 13, 2008, 2:21 amgood call.... looks liek DR RE is going to give u a chop of approval. and wow i didn't know they completed already la ... how long till u get your strata? but in my opinion because there are shops below, capital appreciation might not be fantastic. But rental will be good la ... so u bought it for 225,000 i guess ur paying 1,500 for 30 years? i think if u rent it out should be more then enough to cover. Anyway u got a service lift ? and how is the occupancy rate and when did they complete? is there alot of renovations and people moving in now? it's the unit in the picture of the link? if it is good call. i believe u choose a good unit. anyway got house warming don't forget to invite dr RE. DR RE like to eat "siu kai yik ngo chung yi sek"

Hey look me up during a recession... might be able to find some good deals for u

This post has been edited by looqsonline: Jun 13 2008, 02:23 AM

hhehehe sorry la bro ... ur an agent to? anyway just my opinion la .. but the PD water chalets aren't the easiest to sell ... and u should ask for maximum commision 2.75% i think the units selling for 250k right? and also don't spend any of your own money to do marketing. For agents ler time is gold. Maximise ur time and effort and u'll see the rewards. e=mc2 for every action there is a equal and opposite reaction. Smart actions bring smart reactions and vice versa. Have u joined a RE company yet?

This post has been edited by looqsonline: Jun 13 2008, 02:38 AM

ay don't say that la ... you are who you think you are. just remember as a real estate agent u work to give what people want to see what they want to hear. understand their needs ..

of course they are there ... to enjoy 10 years of msc status and tax relief even tax free income and for many other reasons. But you must rememeber they are mostly there to service local or SEA operations. singapore is just to expensive, indonesia thailand philipines can't compete with malaysia further more thais and indonesians are not a majority english speaking country. Further more billions were spent so when it all started, companies could see that there was a competitive advantage. Then again tax kick backs. But no money was used to up keep cyberjaya and now all the infra in cyberjaya is years behind our closest competitors. There just isn't enough development to justify the amount spent. I mean u can't consider failure as totally empty and barren. there surely will be a few corporate companies there. Those companies will are there to service a small part of their global business. it is just a service port. And further more all the big money relating to an it hub like CYBER JAYA is not in Malaysia. Even in bangalore and mumbai in india they are churning out billions in GDP for the local economy. Even google relocated to india. You can say there is more talent in india then in malaysia, but u must rmemeber all the malaysian talents has gone overseas. There is just no support for talent . Let's talk about HSBC their call centre and data management is there to mainly service local operations, general data entry and also as a call centre for SEA region. Dell still mainly operates in penang. "u mean everyone working in hsbc and dell are janitors?"

All the low end jobs are thrown to malaysia by these big corporations. things for IT related industries looked good for a while back in 99-2000. But then the government never looked at keeping money to constantly upgrade infra.talk about electronic financial management it is BIGG BIGG BIGG MONEY and hsbc's in the asian region is handled by a co op between hasbc and trend micro in Taiwan. i'm guessing HSBC spends 100s of millions in usd for their centre in taiwan.

In fact if we wanna compare what cyberjaya could have been ... we have to compare with hannover just google it and see what this city is in comparison to cyberjaya. Look at their convention centre. Look at the amount of money is brought into hannover every year because of government initiatives. They didn't spend billions all at once. It was a progression over time. By the way most of the money in cyberjaya and putrajaya went to building buildings and structures so the place looks dam glam.

Again please look at things with a bigger picture in mind and always look at the best don't ever be satisfied with being better then a few.

1.cyberjaya is not churning out enough GDP for the local economy to justify amount spent

2.cyberjaya is not bringing in enough technology and creative industries to transfer knowledge to the local industry

3. money could have been more well spent somewhere else and by someone else.

oh ya sorry if i make mistakes. it's alot of things to type sometimes i miss things out as well hope you guys understand . correct me if i am wrong always./

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Added on June 13, 2008, 11:04 pmYa in puchong alot of funny units.

huh? subsale unit not completed? landed or non landed? in puchong? if it is non-landed can be dangerous because sometimes you might be living in a project with a temporary CF. but if landed there should be no problem. Most of the time it is the developer not having or not wanting to complete the units lor or maybe the previous owner went and did extensive reno but never finished. Aanyway any plans to for your next investment?



oh what i actually mean is that there are palm oil companies who sell out time share for their plantations. If you know some land owners they can actually sell planted land to you by per hectre. IF not then Have you heard of country homes grower scheme or something? their max returns are 12% perannum based on price of CPO. further more FFB is 600 per m3 tonne now so it's good money at the moment. you can check out their site at www.chgs.com.my. Have a look i'd like to hear some commets on that. I also plan to invest because their investment block is only RM7,500. By the way if your interested i can get my friend to call you she's a head consultant for that project. Please ah i am not making any money of this would just like to hear comments on the thing cause i also want to buy cause i can afford.

www.chgs.com.my <---- country homes grower scheme

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Added on June 13, 2008, 11:05 pmoh my god how come some of my posts dissapear?

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Added on June 13, 2008, 11:11 pmin fact it is a BNM ruling and it is 33% of the installment for the loan applied. Then 75% of the total commitment but for total commitment it varies depending on bank. anyway i dont do much houses so kinda lousy at HL. anyone within the banking line want to answer this?

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Added on June 13, 2008, 11:23 pmhmmm not to familiar with kayu ara aarea. Some near saujana golf course? maybe u google map it so i know where the location is? email it to me at sales@186avenue.com

also squatters kill real estate. EG montkiara the segambut side. The condos on the fringe of the squatter have terrible resale value.

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Added on June 13, 2008, 11:26 pmoh by the way i got the shock of my life. sunways project in mont kiara fully sold at 900 psf shit .. kiaraville was only selling for 430-440 and tifanni was only at 550psf but sunways 900psf and fulkly sold i want to faint.

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Added on June 13, 2008, 11:29 pmOh i love BRP and Sierramas. The rest like damai i really dislike. But other ones near the golf course are alright, and notting hill is nice and the value is ok. But i feel that accesibility will be an issue for projects behind BRP. ANyway BRP and sirramas is alright if you have abit of money. sierramas is great heard the secu is very tight due to the many vips staying there and it has direct access to the highway but then again the prices there aren't cheap. but i heard there are apartments there but should be expensive. If your just the average bloke willing to spend 400k and agbove for a house i htink BRP is good. Will be even better once they have fnished construction on the road to BU in front of damai. Have they finished yet? anyway my rule of thumb is minus 20% of land value plus construction cost and you will have actual value compared to market. But again have to be hardworking for those details la... if you can furnish me more details like address build up land area i might be able to help a bit but my estimations are only 50% at best./

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Added on June 13, 2008, 11:32 pmFrom the way i see it. There are a few choices. no.1 be active and strike

no2. make more money.

no.3 sopend less on non necesity spending.

no4. rent nearer to public transport.

but i don't think \gov will subsidise raw materials. And developers will always want to sell higher anyway. Even if gov subsidise, they will always sell at what everyone is selling end of the day it is the developer who earns more. Unless of course gov implements some ruling saying that developers must give citizen discount like the bumi discounts.

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Added on June 13, 2008, 11:34 pmRM 500,000 hmmm .... quite an ok budget. BAngsar single storey terraces are about that price. especially in lkucky garden. otherwise the double storey houses nearby the overhead bridge at bukit damansara go for about 400-500 as well. i'd go for a smaller and older unit with better surroundings. I am not familiar with serdang though. infact jalan kuching ah .. dam forgot the area ... jinjang i think or sopmewhere near that area has alot of potential but living conditions not as good as in damansara la. also jinjang is full of millionares who have so much cash so that area has got potential.

This post has been edited by looqsonline: Jun 13 2008, 11:34 PM

Hheheheheh eh if they open massage shop with dragon lady let me know k ,... i meet u there ... my place to your place 15mins via the old klang road to sunway tol aiya forgot what name....

wah lau eh ... u are real property talent lor ..... can nego til less then 225k anyway how big the size? subang jaya non landed should be about 180-250 psf i think .

when u going to move in? is this your first property? mind sharing your RE portfolio?

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Added on June 14, 2008, 2:54 amer ... i don't really know about puchong. not so specific .... but i like lakeside the concept very nice ... maybe if can go spin around there and see the showroom and more info can maybe give some opinions. But i donno why la .. but i thinkk YTL properties not doing so fantastic. and they are 2nd tier developer to me .. for me BRDB is the best in malaysia followed by tan & tan then sunrise and bukit kiara properties. i trust fully in them and their track record both on construction and property appreciation has always been good. But my all time favorite is capitaland, guocoland and uol <-- al from singapore.. i really admire singaporean developers ..

bro mind sharing your view on lakeside and bandar puteri? anyway u seem like u know alot about puchong. Eh ever gone to jinjang area to see? my friend a developer told me jalan kuching jin jang area alot of cash rich millionares le . He built 4 storey shop houses small project and he say alot of the chicken vege trader there go buy from him with cash ler ... but i haven't really gone through the area... all i know is that alot of china man people there with alot of cash.

and also remmeber choose pretty RE agents ler ... how much funds have u got to invest now? don't answer if not comfortable. anyway i also not to into stocks cause i saw my parents get burnt before but i know one old uncle and hjis group of friends make alot of money from public bank and maybank ... now that uncle and his friends just waiting for recession everyday .


"Sound not bad for the oil palm thingy, u may get ur friend to contact me, have a look at the plan 1st. " i'll PM you .. but eh don't straight away buy ah .. go through it thoroughly then come back here we can all discuss here ... got one guy just mentioned no good i am curious why . i cannot talk to her la cause she will just say buy la buy la .. only 7k. then show me her "manchester united .. show half ball"

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Added on June 14, 2008, 2:56 amya i know ... one of the limitations is thaty they cap at max 12% for above 2,100 price and i think will be kinda hard to exit. please do share your views ler .. i haven't really gone through it yet. kinda busy now ... sorry for being lazy .. but can link to the contract?

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Added on June 14, 2008, 3:01 ameh by the way any 70s or 80s generation peopel? i'd really like to see photos from that era. especially areas like bukit bintang and klcc

This post has been edited by looqsonline: Jun 14 2008, 03:01 AM

hey would anyone like to make 198.5% in 1 year on real estate? some poeple just did ...

http://reiwa.com/res/res-suburb-profile.cf...oup_parent_id=3

Well projects in mont kiara are still selling and selling very well. But you must remember, all of these developers are are spending alot of money bringing their property overseas to sell. As an individual owner i don't see how it is possible without appointing an overseas

1.well i'll wait till for a month or 2 after the olympics. anyway the buying period is out. but again you can still make money in real estate in the bad times. what i;m saying is that it won't be like in 97 abandon projects, foreclosed properties. 97 was a stock market where people just went bust in a day. Now with government regulations, it won't be like in 97, 93, 87 or in 82, it will be like a slow bleed till recessions hits. But i am waiting to buy a bungalow lot in bangsar with a few friends of mine, but i'm waiting til after the olympics. If it goes bad i'll just keep it and dump it into palm oil related business not directly related to palm oil but it's a by business of palm oil. so it';s not a million dollar business.

i believe in this recession it won't be like a big rock falling on the ground instead it will be like a rock rolling down a hill gathering moss and it won't be as bad as in 97. Unlike 97, over inflated shares and an unregulated financial system, bankrupt many businesses, causing many jobs to be lost. Also many people were taking high risk they were unaware of by throwing everything they had into stocks. In this recession, banks will be hit first and a global reduction in consumer spending will bring GDP to a low or near negative figure this just means that businesses are not expending but businesses will still be paying wages thus money will still be flowing within the economy

Anyway i think we might have an energy and oil crisis like back in 1973 and 1977. From this stagflationary recession caused by rising petrol prices, will come a new green economy. people will find substitute to petrol and with technology and an awareness that we need to go green from back in 1977, a soilujtion will be found withion the next 10-15 years. recovery will be slow but steady. Might be a good thing. there's more but to much for me to say buy my book hahah if i ever start one.

well back to your question, developers sell easy becaus ethey spend money to bring properties overseas. But subsale is gonna be hard. Again there won';t be a panic sale because most of mont kiara's properties are owned by cash rich foreignors who pay in cash and not loan their properties even if they do, they loan only 70% But personally i think MK is over priced now. back when in 2006 when kiaraville and tiffani launched, it was the last chance to buy into a good deal. But now you can still buy anyway i won't know when prices will plato, but i believe it won';t move as fast as before. Unless you can appoint an overseas RE company to sell your property, i'd say it is hard to sell to locals. Anyway rentals are just horible but people maintain their prices although not able to rent out because most people who buy MK properties can afford to maintain their properties without tenant. Again i am saying most people there will be the few who foreclose. But because people have been burnt in shares and volatile investments in the 97, they have learnt their lesson and they will still have the liquidity to maintain their properties withouit rentals.



What about your opinion?

2. 10km radius around the midvalley area including old klang road, tmn desa, bangsar, damansara heights, bukit damansara. The fundamentals are just fantastic there, but without speculators, it is a slow yet steady rise in price. But for me it is about fundamentals. I just don't speculate in property cause in malaysia there isn't enough products out there like options for me to speculate. Also i prefer land and commercial properties compared to housing. Again we all have diffrent ideals of our perfect portfolio.

3. well i haven't been in touch wioth alot of them. Anyway not nice for me to say but all i can say is that there isn't a buying spree of land like in 2003-2006. But developers have made alot of money during the 2002-2007 period. They are f***ijng cash rich. Alot of them are looking into plqantations now. Palm oil and a new crop called jatropha which will be a hit as a substitute to diesel. But it will only hit max production in 3-4 years time when the government has researched improved fruiting. But now is the time to invest in land suitable for plantation of jatropha. Also developers know that the high-end market is over supplied that;s why u don;t see many fabulous new projects. But again there will be good in this as developers have to become more innnovative with their projects.

4.no comment on that .. cause i have not really researched the project. At the end of the day, prices here are 1/3 the prices in mont kiara and u have to ask yourself, will someone buy subsale from you for investment? will someone buy from you subsale or would they rather buy from MK since it is the same price. Would someone rent for you at MK prices? Even with superb facilities, malaysians are to calculative and thin skinned as most people will say they are unsavvy for buying in taman desa what they can buy in MK/

5. Well it is hard to tell. They do put in alot of stunts when they sell. I have seen alot of instances. Most importantly is to take your time and always go back and then make friends with the sales people and always talk to them and phsyco them into telling you more about sales and the project itself. The easiest way is to see the progress of the project. If it is 100% solc the project can be done in a year. Developers want to get paid quick and they want to get rid of the holding costs. One good example is the project on federal hill. Apartments selling at 500-1.4 milliion in 2006. Many of you would have never heard of it but would have seen the buildings opposite the muzium next to KL sentral. 100% sold in a short short time and completion in 1 and a half years. Also one thing i noticed is that most of them say it 75-80% sold but if they say we have sold over 200 units or 156 units, u can be sure that the project has sold that many.

6. Oh I don';t have an answer for this one but i have met some bumis who told me they rather not buy bumi units because it lessens their market value at resell by 7% and it's harder to get rid of.

oh no la .... my friend is working in Country homes. she is selling the project for the company not her own. heheheh you want nice nice RE ladies? go to singapore .. fuyooooo fkn hot young chicks ah dealing million dollar deals. !!!! i want to marry them but ii can't afford.

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Added on June 15, 2008, 6:30 pmoh no la .... my friend is working in Country homes. she is selling the project for the company not her own. heheheh you want nice nice RE ladies? go to singapore .. fuyooooo fkn hot young chicks ah dealing million dollar deals. !!!! i want to marry them but ii can't afford. Anyway RE is a very funny business ... if you can;t get a hold of the business you will never get a hold of the business. you really need to have street smarts and a never die spirit la... anyway nice girls in malaysia think they are pretty and they don;t want to loose face when they do RE. i think la correct me ladies.

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Added on June 15, 2008, 6:31 pmHi guys this is not my post.

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Added on June 15, 2008, 6:32 pmhahqah true also hor. areas end with ara or ar or aya are ong ones... cilaka ... ang and ong is bad fung shui

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Added on June 15, 2008, 6:36 pmYa very very true. Again it is like stocks la but if was lucky enough to go buy options in that previously mention area in perth australia ... wah untung like crazy.

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Added on June 15, 2008, 6:39 pmI wouldn;t say it is dying out la but platoing and maybe dipping a bit. Bandar botanic is still doing ok because klang got many cash rich people and it is a better place to stay in klang. I think i my comment on BB is to harsh but i will call it a b++ investment. but 700k i say risky should have good subsale deals i think. Anyuway i have only glimpsed pass the place haven;'t been inside so don't know how it looks like inside. Mind sharing with us your opinion on BB? i need a bit of education on the place.

This post has been edited by looqsonline: Jun 15 2008, 06:39 PM

HUH? 350PSF? 2004 WAS ONLY 260-280 LER ... but again established areas always give a slow yet positive growth i think la. Anyway MK now hit 550 -900 psf already. but from what i see in starfish not many subsale transaction done mostly developer units.

and bloody hell dr RE is a blue color hamsup kam sau la ..... don;'t insult my type please

today i learn something new from you lor kiasu and kiamsiap is the secret to succesful ionvesting.

I find it a hassle to that';s why good lawyers and RE and bankers are a must. nUYou throw them the thing and able to trust them to do a good job. ANd most important is to find those that take all your documents kau kau without coming back to you again and again for support documents. And if u know a lawyer and banker well enough who can push through the process, developer units 1 month and subsale 2 months ... again right lawyer and banker.

heheheh i am the same as u la impatient to feel ownership. eh why don't u consider buying land?

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Added on June 15, 2008, 6:45 pmeh ananda after he see yours and my avatar i think he scared we ask him tos pend us go the beauty saloon when he get's his 9% ah. or maybe he just talk cock 9% then he sell over inflated price to LYF

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Added on June 15, 2008, 6:48 pmseri maya ah ... over crowded le .... but many working class rent there because can walk to LRT. 2k plus plus per month. buit i wouldn't want to stay there and i prefer driving and i have to drive. But again many staying there. are u going to rent or are u going to buy for rental? but i heard management very good like all tan and tan properties.

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Added on June 15, 2008, 6:49 pmno lar busy on the weekends. replying you now

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Added on June 15, 2008, 6:49 pmno lar busy on the weekends. replying you now eh put avatar like f*** you or ma chau hai .. i think i won't miss your post liaw lar ...

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Added on June 15, 2008, 6:51 pmhahah sorry la bro i used overly harsh words la . it is not dying and there are many klang people moving there and many cash buyers .. also it is one of the better places to live in kland.. but again i never go ionside to see so don't know how it is inside. but returns there just aren't as good as in ss15 or bangsar or other established areas. please do give your comments. i'd like to learn more

This post has been edited by looqsonline: Jun 15 2008, 06:51 PM

bro i think u have to be the pro in puchong. Many people have asked but i haaven't the expertise to answer. Not one of my favorite areas sorry to say. anyway gov just announced new lrt line. I think puchong's lrt will come soon. What do you think?

Also what do you think about YTLs project lakeside? how's tjhe progress? i think they are dam smart to make the entrance so exclusive.

This post has been edited by looqsonline: Jun 15 2008, 06:58 PM

a dark skinned lady called eleanor... no lar not when she working la .. but when she go drinking always half ball. then drunk will press half ball on anyone .

But Mapex this time dam dam lousy ler .... how was the crowd? ..... the hall not even fully filled i think alot of developers throwing money into oversea expos. Got see the advertising LCD screens from 3xposure? hhehe one of my small businesses share with a friend. Got anyone want to advertise? We have another 30-40 event coming



This post has been edited by looqsonline: Jun 15 2008, 07:13 PM