Don't complain too much, they will tell you to compare with Zimbawee how much we have achieved.

You should be thankful of them, grateful to them and vote for them the rest of your life during this Merdeka celebration! 1Malaysia, 1crony not 2

Guys, don't forget 13th GE coming to town, probably 2011 or 2012? Do you think the gomen will allow bubble to bust and hence affect the entire market sentiment. Die die they will pump up the stock market and allow easy cash for property purchasing/extended loan period so that the entire nation will look 'good'. After next GE, things might make a u-turn and back to reality again. So, keep waiting for the bubble

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Added on September 17, 2010, 5:34 pmRE is not liquid is an old belief.

In the old days when you need cash, you sell your property and it takes months for the whole transaction to clear before you see cash.

Nowadays with flexi banking facilities, bank overdraft allows you to withdraw easily 50-60% of cash from your property within 2-3 days. When opportunities arise, you can always withdraw from your property account and invest in stocks/currencies etc. No hurry to sell so long as you have balance cash value in your property account.

This post has been edited by Bobby C: Sep 17 2010, 05:41 PM

Notice some of the characteristic of the group that are complaining property are too high:- i. property must be new ii. property must be landed iii. property must be freehold. Guess if you are not so choosy, you can still find some reasonable one.

Developers and bankers are making an ass out of new buyers. Just see now many new launches sold out in the first day, good units reserved mainly by their own people. They will sell you the 2nd phase with inflated price. If not give you 8% discount so total load up to 98%. End of the day aft sold, developers wash their hands, bankers laughing you will work for them for the rest of your life.

Guess we forumers here just commoners. Not really understand how the system works.

Say you are a developer, built a condo or a landed property with 300 units in Ph1, 300 in Ph2 and so on. Out of 300 units in Ph 1, 50% reserved by your own people. The rest sold to open market. After completion, you have 150 units in hand. You just need to stir the market by selling and buying back say 5 units in your hand by 150% of the initial launch price and then spread the news to property agents. Market will follow. Believe that happened in KLCC and some PJ properties few yrs back. Not surprise similar tactic going to happen in the coming future.

Another disgusting method, listed property company, using shareholders money, building shops next to some mega stores within your land. But not a single unit sold to open market, no need to launch, all taken by your internal people, be it CEO, MD, executives. Sell them in 2ndary market and pocket the profit into your own account so lesser profit to shareholders.

End of the day, home buyers, shareholders, investors etc being made ass by the developers and bankers.

Think abt it, if that make sense. Hope there will be some regulation to curb these unscrupulous practice by the developers.

Last thing I will do is to buy their shares in KLSE.

This post has been edited by Bobby C: Oct 2 2010, 12:11 PM

For those who believe in rental, do take a look at this brief explanation from a guru.

http://www.starproperty.my/PropertyGuide/Finance/7358/0/0

May be we should keep our mouth shut so there will be more tenants around .

All right!

You are a genius!

That's why old buyers are not worrying and looking for more opportunities when arise. While new buyers keep poking day and night hoping bubble will pop ASAP cause they don't know what to do with their money

This post has been edited by Bobby C: Oct 11 2010, 06:56 PM

RPGT was taken off only last yr and now going to be reintroduced again. Nothing new. Soot, should have sold the land earlier.

Beware, not to travel too fast like the speed of the light, else you will miss the speed of the sound.

You are in Malaysia and not US after all. Malaysian gomen always missing the point one, like it or not, good and bad.

In the context to this country, first they wanna rescue is the political party, forget abt bank, rakyat want ever. Political top reason for policy implementation. Just see how the screw our education system and our future generation. $%#!

Tat's why the gomen always missing the point one. Do they care abt globalization? Do they care abt country competitiveness? Only recently they woke up from their wet dream started talking abt it.

Someone in the forum keeps referring to US. Think missing the point all together. Yes, US sneeze the rest catching cold, we have been hearing the same over and over again.

Question:- Have we ever recovered from Asian financial crisis? After Asian crisis, dotcom burst, then SARS, then 911, then gulf/Afgan war, then oil crisis, then US crisis, then euro crisis, H1N1 ..... bad news aft bad news but life goes on. Unless you intend to go hiding under cocoon resulting unemployment rate shoot up to 10% watever. Property/stock still go up wat even during crisis after crisis!

Have we ever experience property/stock boom in 2008? Apparently global and Asian market having good time prior to the Olympic? Malaysia market, gloomy and boring all the while.

Might turns out to be good thing if US slowing going down, more foreign funds shifted over to Asia, incl. Msia hopefully.

Election coming to town, die die they will keep stock and property up. 1Malaysia mah. Let's all give them Mother of 1Finger in return in the coming election.

This post has been edited by Bobby C: Oct 18 2010, 12:48 PM

Just a suggestion.

Sellers hold don't sell. Buyers, boycott dont buy.

Let the developers suffer. See how long they can last. Gomen will come to rescue, cronies kaki lang mah!

Some cash rich developer near bu so desperate resort to dirty tactic of road closure of old area in order to promote and sell their new launch. Old area will pull down their price at least by half mah. Total 900+ unit above 1 mil per unit. Facing high tension cable towers some more. Goreng goreng. Good luck to them

This post has been edited by Bobby C: Oct 18 2010, 01:04 PM

No worries mate, just need to change mindset.

What so good abt landed house that everyone's dream to own one? 85% of Spore population stay in government HDB flats but nobody complaining. After retirement, buy a piece land away from the city, you can have all the land that you want.

For city living, have to go with the flow. At present almost all developers are taking advantage to hike up the price like nobody business, it seems the higher the price the higher the demand. Just hope the culprits will burn their own fingers in the end.

Recently managed to assist one relative to find a tenant for her place. Empty for many mths. Agent sleeping. ROI >9%. Price has double ever since. New buyers probably getting half of the same. People still goreng. Oh well.

This post has been edited by Bobby C: Oct 19 2010, 12:56 PM

TG facing golf course mah, not many condos with golf view. Probably target those got bored staying in landed mansions in Tropicana, or their sons/daughters

Compare to new bu condo, facing HT cables/flats/apartments. No comments. You like it, you buy it.

TTDI condo 40% appreciation? Betul or not. My last check still slower than KD.

Tropicana/KD the entire area leasehold, yet price still appreciate higher than many freehold area, many thanks to development in Mutiara. Yrs ago, many people look down on leasehold. Always talk big on freehold this that. Oh well. Who cares leasehold freehold, just see how ONG is KD now.

This post has been edited by Bobby C: Oct 19 2010, 05:49 PM

I'm waiting to hear this type of info for confirmation. Just look around town, which developer never do that let us know. Yes, a few, price too high too many volume not choice they have to open book sales. But for the rest of half past six developers including couple of listed companies, many practice the same. Playing hide and seek. Today gone tomorrow for sale again treating buyers like fools. Oh well, many of us become fools at time if u r not aware they are playing with emotion aka sentiment. Telling u first 20% get 10% discount, if miss it today tomorrow price hike 10% etc. Malaysians are treated like fools by the developers and there are no regulation to this practice. Someone in the forum say this is not unscrupulous then what is this. Insider trading in property development is completely OK in this country

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Added on October 20, 2010, 9:39 amYou are right am wrong. Correction, Sporeans are complain freak. No choice lah.

But on serious note, maintenance quality of Spore flats is equivalent to Msian condos. So no choice Msians have to force to buy more expensive condo if they can afford.

This post has been edited by Bobby C: Oct 20 2010, 09:40 AM

Quite agree with u on the mini Ponzi schemes happening in the country. Mini Ponzi schemes might be under the umbrella of a Pyramid scheme.

Remember in 2005 or 2006 attended FIABCI annual conference in KLCC. Oh well, many renown speakers CEO, COO whatever u name it. Wonder how many time they repeat that sentence, 'There is only one KLCC, there is only one KLCC, blah blah' in the conference. Property market at the peak around twin tower. Porridge cooking hot. So what happen yr or two later.

I can also see KLCC 8km for town wat. Wat so great abt property around KLCC that fetch that price?

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Added on October 20, 2010, 10:53 amDemand driven market driven whatever, put in cinaman term, banks are smart. They dont take the risk, leave the risk to speculators. If property inflated 30% above market value(they know better than us), they loan u 70%. In the event u cannot pay back, they will take away your property with 30% discount. So, banks will always win.


This post has been edited by Bobby C: Oct 20 2010, 10:53 AM

A very simple answer in relation to a very complex structure set up by the Legend in the 80'.

Why live in urban when u have cheap accomodation 10-20km from city?
Ans:- Higher salary to achieve high income nation but roads all choke up with 600,000 new vehicles on the road every yr. The cost that rakyat have to bare for The Legend and his Proton Naza cronies. They have to keep pushing up their sales to cover cost since they cannot sell overseas.

How to live 10-20km away from home if you spend 2-3 hrs traveling by cars, 2-4hrs traveling by public transport daily? How to increase productivity?

If we have MRT in the 80' instead of Proton, we could have achieved high income nation by now. Rakyat productivity increase, without Proton global car manufacturers will build their car plants here took away big chunk from Thailand.

And the stories go on and on. You have to look back and search the root of all evils. Now the younger generations are all tight up due to the messy short sighted policies/road maps that were not co-ordinate and implemented in the 80', 90' for the good of future generations. Only for the good of few Legends and their cronies.

100-storey building near Stadium Merdeka? Good luck KL folks. Those who work near KL have to move closer to the city or live in the city.

Take good care of your ownself and family, cronies will never even care if you live on the streets.

This post has been edited by Bobby C: Oct 22 2010, 10:31 AM

In Malaysia, you get maximum tax of 27% once your salary hit mere RM150,000.

In Singapore, you get maximum tax of 20% once your salary hit SG$320,000 and you get to enjoy world class public transportation! You didn't even need a car. That's why it is expats heaven.

Don't believe, check this out.
http://www.iras.gov.sg/irasHome/page04.aspx?id=1190


Here, you get RM30k salary and you got no choice but to buy a car. Else, take motorbike lah.

By the way, majority of Malaysians are already immune or probably being programmed in the mindset to accept our expensive duty and taxes on cars. Prices of cars do not reflect affordability of majority but people still buy, buy, buy, unaware of long term implications.

I was in Perth recently. Ozzies are rich, very rich nation. Yet so many cheap Hyundai on the road, not mistaken best selling. Hardly see any BM or MB or whatever. Think counted less than 10 in my 7 days trip.

Asians in particular like to show off lah. So nothing to impress even a young chap with BM/MB park besides you. Just think how much taxes he/she paid to the gomen, aware or unaware. Think abt it, quite dumm actually.

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Added on December 1, 2010, 3:04 pmSo what does the above got to do about property market?

When your country becomes expats heaven, property market will flourish.

Rental income of SGD15,000 is norm for senior management. Some bankers even talking about SGD50,000 rental during good days.

Over here, you can only dream if can get RM10k rental. RM5k rental already happy like wat!

And nowadays the newly launch projects all high end price, many cant even fetch RM3k rental at the location but with the price you need at least RM3k to cover bank loan. So, the result, mini bubble potential bursting lah.


This post has been edited by Bobby C: Dec 1 2010, 03:04 PM

You are all right, should be even lower. Since this is just a forum, not going into details, ignore all typo errors...

Ok, look into more detail, Salary = taxable income after (minus) personal rebate, EPF, insurance blah blah etc.

So looking at SG say with a taxable income of SGD320,000; first SGD160,000 is non taxable, the next SGD160,000 shall be taxed 17%, yes, tat's ever lower. Ok, SGD320k is too high irrelevant to many of us.

May be take the lowest taxable income range. SGD30,000. First SGD20,000 is non taxable, the next SGD10,000 is taxed 3.5% ie SGD350 = ~Rm800.

While in Msia, lowest taxable range start at RM2.5k above. Say if your taxable income RM5k per annual, RM2.5k will be tax free, the next RM2.5k will be taxed 1%. Ok, this is irrelevant too to many.

Take taxable income of RM35,000 for comparison, First RM20,000 will be taxed RM475. Next RM15,000 will be taxed 7% ie RM1050 so total RM1525. More than half SG salary but tax double!

Actual income tax over here is very very high if you compare the benefits and services available to the public. All of us so so immune and got brainwash to accept the system.

Tax rate in Msia. http://www.taxrates.cc/html/malaysia-tax-rates.html
Any tax consultant, feel free to correct the above.

And talk about annual assessment tax for property; if you have a property in KL/PJ, they dont care whether for your own stay or you rent out, all kena tax kau-kau nearly above RM1k esp condos. Town council assessment rate is based on your rentable income. Tat what the silly arrogance town council chairmeh told to us off in the boardroom in PJ, take it or leave it, not happy cannot afford, move out! Good to see them gone in 2008.

This post has been edited by Bobby C: Dec 2 2010, 09:50 AM

Tat's why, after so so many many years, nobody realise they have been CON.

Inflation rate is above 5-6% or higher. For the employed you fixed salary is also increase annually just to cover inflation.

The you-know-who pretend nothing happen, hiya after many many yrs give you RM500 personal rebate lah, computer rebate lah, so don't say MY don't give you anything.

But but your taxable income never adjusted according to inflation. Fix so how many donkey years.

So so in the end, all are donkeys lah, work like kuli kena tax kau kau

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Added on December 2, 2010, 2:29 pmSalary >RM10,000 in MY no big deal lah. Basically just taxman kuli in comparison to other countries.

This post has been edited by Bobby C: Dec 2 2010, 02:30 PM

Again, this is a subjective and personal question. It relates to your industry, your family commitment, your own conviction, your own blah blah ...

First of all, there is no perfect country in this world. All countries got its flaws and problems. Some countries got more problems than the others.

So what you as a citizen of your beloved country need to do, hope to improve the system if that possible?

Some people chose to migrate, tat for some is just an excuse to escape facing reality. If you think that is right and good for your family, then so be it. But but then others also think they born and breed here, probably die and bury here too, so why talk abt migration?

There are many too chose to be global citizens, work, earn and retire happy ever after in this Bolehland. So that a good choice too.

But but the question would the country bankrupt by the you-know-who then?

Actually all are saying the same thing, all are right, like chicken trying to talk to duck

Take RM120k taxable income as eg. Base on http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11

1st RM100k, taxable amount RM14,325. The remaining RM20k kena 26% tax = RM5,200. So total tax RM19,525 for taxable income of RM120,000. Yup, when you talk about overall average tax is around 16.3%. But RM120,000 taxable income already put you on highest taxable catagory of 26%.

Yup, we are off topic. But all inter related. From taxable income, government policies, rental rate, country future etc. Would you dare to invest if future is bleak?

Just wonder what is the basis of price vs disposable income above? Are the figures derived from highest price vs average disposable income? Or average price vs avarage disposable income? Which class/category property was it referring to? High end, middle or low end properties?

Note in 1997 downturn, middle class property around established areas BU/PJ generally escape the storm. Also note 2008 when crisis hit US/Europe, KLCC/MK proerty bubble burst coz many foreign owners dumping. But others around KV didn't 'feel' even a breeze.

While many talking bubble going to burst soon, take a look at the statistic below, yup bit outdated Feb 2010, still relevant as a guide.

http://www.economicshelp.org/blog/economic...ebt-by-country/

Note public sector debt vs GDP for Malaysia 47.80 at No.50.

Just to say that if if crisis was to hit, generally Malaysians still can tahan without mad dumping ... resulting crashing, bursting into flame etc.

Worst case scenario just extend your load for couple more yrs with flexi plan available.

Correct or not?

This post has been edited by Bobby C: Dec 10 2010, 04:31 PM