My take --> stock market recovers, sentiments improved, rentals either stagnant or increase in most areas, minor job retrenchment, good access to financing, all time low interest rates all leads to improved property prices.

If you are interested in the serviced apartments near the subang KTM, you need to buy from the subsale market (from owner, not developer)

e-Tiara (completed 2 years ago)
Casa Tiara (completed 1 year ago)
Subang Avenue (just completed)
Saujana Residency, Empire, Olives (should be ready by 2010)

So your best bet is Subang Avenue, which is just next to Carrefour. They have 3-room and studio units.

If I'm not mistaken, only Taylor's Leisure Commerce Square campus is moving out. The SS15 campus will remain.

Wowww, thanks for the info. You posted one post but seem like answered a lot of my questions.

Subang Avenue is between Carrefour and Mesiniaga yes? What's the price range for the 3 rooms one and the studio unit? Will you be able to advise?

Saujana Residency, Empire, Olive (ready by 2010), where are these? Subang old airport that side?

All the projects I mentioned are along Jalan SS16/1.

There's 3 projects between Carrefour and Mesiniaga. Subang Avenue is nearest to Carrefour, Casa Tiara is nearest to Mesiniaga, while e-Tiara is sandwiched between them.

Saujana Residency and Empire are next to Subang Parade and Wisma Consplant, separated by a road.

Olives is a bit further away, at the U corner where Jalan SS16/1 meets Jalan Kemajuan Subang.

As for Subang Avenues' subsale prices, I've no idea since the project has just been completed and the owners probably have not even collected their keys yet. If I remember correctly, the developer's price was around RM190k for studio and RM300k for 3 rooms. Expect the subsale asking prices to be at least 30% higher. Best if you look out for the ads in The Star, talk to a few real estate agents (take what they say with a big pinch of salt), then check the price with the bankers (who will ask their valuers) before you pay any deposit.

I am one of them who bought a unit at kiraville, in April! Have been monitoring for more than year. YES, all the good units are gone. what are left only those undesirable unit & those pricey units.

Am now eying a unit at Tiffani I-zen. Any expert here? Been offered a nice unit at 680 psf with Ascort lease-back agreement for 2 years at 7% return.....what do u guys think ?



This post has been edited by tpleong: Jun 5 2009, 04:03 PM

Question: instead of investing in a condo, why not invest in REITs?

1. there's no headache of maintenance, collection, etc.

2. risk spread over diff properties in diff industries.

3. 9% nett yield at current prices.

4. low capital outlay.

5. easier to sell.

The answer is simple, I DON"T TRUST OTHER PEOPLE MANAGING MY MONEY!

I agree. Most people manage our money for their own vested interest.

Those who invest in REIT are investing blindly, they cannot read the numbers.

most reits are into commercial properties.. it's a different playing field as compared to residence.. no doubt it's fairly rewarding(dividend wise)..

unfortunately, there's alot of confidence or book building needs to be done before the general public gets into it..

i do keep an eye on this asset class.. it does have potentials..

jason,

for you to say this.. it's just a reflection of time that you're in currently.
when you asset base is small.. it's very easy to manage.. hence DIY is suffice..

but when it comes a time, to manage millions/billions.. it's not as simple as you think. moving/shifting/re-positioning of such magnitude of money, draws attention from everywhere. having proxies to manage it for you can be a cleverly masking strategy to adopt..

when you've earned your millions(or perhaps billions).. hopefully you can revisit this statement and reflect back what you've just bicker out below.. see if it still holds true.

Edit............

This post has been edited by AndreA_ApplE: Jun 17 2009, 09:09 PM

When the times come, I don't invest in other people's REIT.

I create my own REIT.
The numbers will work in my favor.

there's a hint of arrogance there..
although that's a favorable thing to do.. (nevertheless, it's still not a 1-man show)

REIT to me is no different than any other stock. I may be ignorant to think so as I do not have much knowledge in the stock market. I look at it from the point of view of the characteristics of REIT as a stock, period.

Another reason I don't trade REIT is because of leveraging, or the lack of it. True, both REIT and self investment are putting money into properties, and both may give similar yield, but leveraging can double the capital outlay almost everytime. I don't think REIT's price appreciation can achieve that? And for self investment the technique can be repeated again and again, for REIT, once you buy you hold and "milk the cow" without fattening it..if that makes sense..

Haha.
You're right it's really arrogant to create an REIT by myself, alone.
It's like me alone playing football against 11, I'll lose.

I don't invest in my own. I have a team with me.
Today I started Real Estate investing, I have a small team with me.
By the time I reach the billion category, the team is still there with me. Just that they may not be the same people from where I started.

I still manage my own money, means I have control in them.
My team advises me on where to put my money, but ultimately I am in control.
Putting it into REIT, the shareholder is the one who has control.
Not to forget management fee if any.


If I create an REIT and sell it, I am the biggest winner.
So why should I be the one buying?

Do I invest in paper asset?
The fact is I do, just that I understand they are much better than REIT.

don't talk billion yet.. on a personal level, have you even hit the million mark first?
syndicated buying is powerful.. for its leveraging effects. if the trust is sustainable.. it's a good vehicle for wealth building.

This post has been edited by lwb: Jun 20 2009, 05:13 PM

Today, million or even billion.
My core beliefs is still the same, I manage my own money.


If I invest in REIT, whose wealth am I building?

can sure smell a crap talker from a mile away.. *lol*

anyway, your sentiment is well understood.. i subscribe to it myself.. i just erred on the cautionary side of things sometimes..

what's your philosophy when it comes to wealth?

Edit.......

This post has been edited by AndreA_ApplE: Jun 21 2009, 11:17 AM

Bah, kept using my sis account.


Wealth is measured in time.