It is just the beginning, the real heat is on the way, I just came back fr Taiwan, their apt car park itself is priced 100K - 300K alone. we are experiencing the slowest price hike among developing Asian countries, we will reach a situation where 1 family kongsi buy 1 hse, individual can afford to rent hse only, Urbanization....

i'm sorry but my vote goes to SA, can you check the subsale house compare to new launch in that area?

But same goes to other projects in town. All developers will open up to their staff for priority purchase then only offer to public. SP Setia, I&P, Mah Sing are all the same.

The only question is how long these staff can hold the unit. I personally don't think these people has strong financial backup.

It is quite true that property price may not go up instantly upon VP but with sufficient financial holding power, price will eventually go up as cost of material, land cost and scarcity of land are amongst the factors pushing up the price.

but a lot of property guru say better sell some now. dunno how high this party will go on.

100~300k malaysian ringgit? WOW!

We must not forget about inflationary factor and time value of money. Our ringgit is getting smaller and smaller as compared to other major currencies.

Landed properties are still the best investment for capital conservation. Long term gain is utmost assured.

In my opinion, launching prices of houses in Ambang Botanic were quite low (maybe even undervalued) when compared to other similar developments (eg Setia Eco Park). That's why when VP, they can fetch good prices and earn good profits for the seller.

For example, in mid 2009, launch price of a semid in AB, land area 90'x40' builtup 3500 sf was only RM760k. During the same time, Setia Eco Park semids, smaller land area 85'x41' builtup 3500 sf were selling for RM1.1 mil. If comparing the psf bu area, AB house was RM217 psf compared to SEP RM 314 psf.

I'm using SEP as comparison because both developments are similar in concept - ie full GnG, provide clubhouse facilities, have good landscaping and water features, same distance to KL city centre (both around 35 km) and good connectivity (SEP - NKVE, AB - KESAS hiway).

Now, those semids in AB are asking around RM 1.4 mil whereas in SEP asking price around RM 1.7 mil. Using these prices, the price appreciation for AB house is around 85% whereas for SEP around 55%.

Even now, the semids in AB2 have been launched at RM864k for bu 2770 sf (Land area 36'x82') translating to RM 311 psf builtup. Still cheap in comparison to the SEP Phase 10a launch where the 2 storey semid smallest 2800 sf selling for RM 1.7 mil (although bigger land area 85'x41') which is around RM600 psf.

Next offering in AB2 are 2.5 and 3 storey semids of land area 85'x40' with bu around 4600 sf with min price RM 1.65 mil indicative, translating to psf of around RM360 psf.

I think in comparison to other similar developments, launch prices in AB/AB2 can be considered to be quite reasonable taking into account its concept, facilities and accessibility. For the price of the soon-to-be launched semid (RM 1.65 mil, builtup 4600 sf), just think.. what can you get? Probably :

1. A 2.5 storey semid in Setia Alam (Precinct 6), maybe GnG (but not full ie just fencing and guard house) with no clubhouse facilities.
2. A subsale 2 storey semid in Setia Eco Park, maybe the smallest model ie around 2800 sf - a bit small in comparison.
3. Nothing in Bukit Jelutong (ie semid house), new or subsale - prices here start around RM 1.9 mil for the newly completed MEZZO series. For the Puncak Tropika, I think prices start around RM 2.5 mil upwards.
4. Kota Kemuning yes, can buy 2 storey semi-d for this price GnG but no clubhouse facilities. And old house maybe >5 years old and smaller in comparison (3200 sf).The newer ones asking > RM1.8 mil.

The way I look at it, developer prices in AB/AB2 is quite reasonable and give the buyer room for further price appreciation when VP. That's why the forumer mentioned his/her friend made 1 mil from selling a unit here. This is probably a bungalow there (launched in 2003/2004 for RM 1.1.mil, now selling in the market for around RM 2.5 mil). Or maybe the latest bungalow in AB, launched in mid 2009 for RM 1.56 mil, now selling for around RM 2.7 mil. Lucky dip? As far as I know, these bungalows were not publicly launched but sold to those who registered with Gamuda Land only..many of them upgraders from within Ambang Botanic.

Guys,

Information sharing - Azizi Ali in the Star last friday.

http://www.starproperty.my/PropertyGuide/Finance/9663/0/0

good 1 from the expert

I'm prayin hard...

What’s your property portfolio now?
Not a lot. I sold most of it in 2010. The net worth is maybe six million.

Why did you sell most of your properties? Is it because of the “property bubble”?
Yes. I was reading a few books that explained about the US crash. Some reasons was the low interest rate, user-friendly mortgage, questionable borrowers and current owners refinancing. I shuddered when I read it. It is exactly like in Malaysia. That’s why I wrote the article, “The US property crash, could it happen here?”. For most current owners, even if their house is almost paid off, they refinance to get the money to invest in other properties because property prices have increased.

Good reading

although i'd really hesitate to call Azizi Ali an expert in properties. A 6 million net worth is really nothing compared to some other property gurus or investors out there. Some of his investment choices have also been poor, and returns are poor. He's more a jack of all trades kinda guy.

Wow... meaning you are a billionaire?

haha.
ah pai kor's 16 properties also about that figure lah.
16 times say rm400k sebiji already 6.4mil mah.

quite true, the real shark normally very low profile, Azizi Ali and Tai Kor Pai is just ikan bilis, however for beginner, Pai teaching is more practical in Malaysia, if we refer foreign property investment book, we will die faster, Malaysia is too complicated, lousy govenment, lousy policy and many lousy developers still around screw up the property market

there is difference between net worth & properties worth [total loan]....

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Added on January 24, 2011, 2:08 pmwhat i understamnd from the write-up,he gain more from his business [publishing,personal coaching,talks/seminars]....his rule maybe can apply and maybe not.

This post has been edited by salam03: Jan 24 2011, 02:08 PM

Azizi started in 1995 whereas Pai kor started only in 2005 ... so who d champ


But one thing about Azizi, as full time pilot, wonder how he managed his business, seminars, books etc. Cant possible flying the plane while writing books and preparing seminars. This one we really need to learn.

LOL... yeah gotta learn his multi-tasking ability but there are some good points to learn from his interview taken with a pinch of salt nonetheless.

Guessing he's read my books!