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Financial Is property going to drop?, General property price discussion

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arsenal
post Mar 8 2009, 01:44 AM

THE GUNNERS
*******
Senior Member
2,354 posts

Joined: Feb 2005
From: Subang Jaya



QUOTE(Pai @ Mar 7 2009, 11:20 PM)
We r more similar than what I initially thought.  wink.gif

Im planning to get approx 8 bijik properties with good cashflow to allow me to be financially capable to retire early (hopefully by 35), and kawtim my future kid's education.

Btw, speaking of location, mind sharing with us any particular location that u r currently vested/eyeing now?  smile.gif
*
How many properties you have so far???
arsenal
post Mar 23 2009, 11:57 PM

THE GUNNERS
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Senior Member
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Joined: Feb 2005
From: Subang Jaya



Bought 400k cash house yesterday....biggrin.gif....my third house at age of 24....biggrin.gif
arsenal
post Mar 24 2009, 12:10 AM

THE GUNNERS
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Senior Member
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From: Subang Jaya



QUOTE(Phoeni_142 @ Mar 24 2009, 12:08 AM)
well done!

1.  I hope u didn't pay cash for it - that would have been a tragedy!

2.  I hope u are not bleeding too much - at a 90% loan - you're bleeding cash every month - as your rent won't cover the installment.  If you're telling me that your rent covers the installment - i'd be very interested to know which area - as I would have bought a few prop's there myself.
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hahahaha....two house bought cash....another one got loan..The only area can cover loan is in Sandakan.....smile.gif
arsenal
post Mar 24 2009, 12:50 AM

THE GUNNERS
*******
Senior Member
2,354 posts

Joined: Feb 2005
From: Subang Jaya



QUOTE(Phoeni_142 @ Mar 24 2009, 12:17 AM)
hahaha - nice comeback.

An East Malaysian?

Well that's interesting stuff - One day must go over there and check out the scene.

what's the avg price of a DSLH and SSLH in Sandakan?  I presume u did not pay cash for 400K at the age of 24.

which means - that your installment is approx 1,700 per month if u take a loan of 360K.  You mean the rents in Sandakan are so high? That's even higher rent than my place in TTDI! Something doesn't sound right - or am I understanding your post wrongly?
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Semi D house there around 170k plus in 2001...now around 250k...the rent around 1.3k....should check it out...nice place with philipines clubbing scene....biggrin.gif
arsenal
post Mar 24 2009, 01:22 AM

THE GUNNERS
*******
Senior Member
2,354 posts

Joined: Feb 2005
From: Subang Jaya



QUOTE(Pai @ Mar 24 2009, 12:55 AM)
mile 4 or mile 5?  hmm.gif


Added on March 24, 2009, 1:05 am
Speaking of bailout, US is defo leading the way via trillion dollar bailout. Its not sustainable yet they keep on bailing out failing FIs and institutions. And guess what, now US property market apparently seeing signs of recovery now.....

Sounds cliche no? smile.gif
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mile 5 taman pertama....you from there also???...tongue.gif


Added on March 24, 2009, 1:24 am
QUOTE(Pai @ Mar 24 2009, 12:55 AM)
mile 4 or mile 5?  hmm.gif


Added on March 24, 2009, 1:05 am
Speaking of bailout, US is defo leading the way via trillion dollar bailout. Its not sustainable yet they keep on bailing out failing FIs and institutions. And guess what, now US property market apparently seeing signs of recovery now.....

Sounds cliche no? smile.gif
*
mile 5 taman pertama....you from there also???...tongue.gif

This post has been edited by arsenal: Mar 24 2009, 01:24 AM
arsenal
post Oct 8 2010, 10:50 PM

THE GUNNERS
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Joined: Feb 2005
From: Subang Jaya



QUOTE(jalsrix @ Oct 8 2010, 10:48 PM)
wait after budget 2010, property price will drop bcos less speculators.
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might not want to wait...expected property price will increase upwards to cover 30% tax.

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