You are right. Despite KLCI and global market plunges, houses pricing are still holding up. U will find decrease in asking price for high end properties(klcc, MK, and bangsar) in the next 3 months onwards.

Actually, speaking of retrenchment, anyone heard any coys layong of their staffs? I know many MNC now freeze new hires, but have not any heard any massive scale firing going on. My frens in SG having sleepless nights now.

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Added on October 27, 2008, 11:04 pm

Hehehe,sound like a good plan to aleviate the pain

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Added on October 27, 2008, 11:23 pm

Boss, in terms of timing, you could not pick a worst time to sell.

Btw,this property of yours, can give more info:
1. Development name
2. Your selling price
3. Rental p/m

So nice.. everything is cheap

Well, you are right, should not sell if the time is not right. You could say that i am actually selling at the wrong timing. But, to me this property does not worth to keep.

Ok, this is a shophouse. Located in SITIAWAN, my hometown. It is the place which considered as the top producer of swifnests and swiftlet farming.

Since i am staying in KL, I dont think i have the time and effort to take care of this property or even run a business there.

ROI is terrible. 3 storeys shoplot only yield 1750 rental a month, and dont forget, about 1k alone out of 1750 is for bank interest only.

purchased at 485k.

Guy,
I am considering to purchase a unit at U1 Residence Suite in Shah Alam. The unit is 1100ft2, total price at 350k, will be completed at 2011.
I got loan offer for 300k at BLR -2.2%.

The purpose is for investment (gain rental mainly, hopefully there is appreciation), but i really doubt whether i should go on looking at current market.

Any advice?

Bro, I suggest you walk in & talk to a person called John Ting.
Heard they have confirmed project at walking distance.
MSU University & new Centralize Bus Terminal ?
or the next phase LRT route might pass thru the bus terminal ? 
Anyone know ?

Ya, i heard the MSU University oso.

IMO, now is a good time to buy mid-end segment properties due to :

1. Currently its a buyers market, can choose and nego as u wish.

2. Panic selling does happen occasionally due to global stock downturn. I see more bargains in the market today compared to 6 months ago.

3. Financing rate is at its all time low and banks have still have appetite to lend. In US now even the price drop by 50℅, banks refuse to lend.

4. We now have an influx of expats from middle east to increase our expat tenant n buyer pool.

5. Min 70℅ of all future launch will be high end props and it will only make mid-end properties more desirable due to decrease in supply.

Just remember to buy below market, and pick the RIGHT location. Myself last week just sealed another acquisition and looking to close another next week, hopefully

Caveat : if u have tones of cash and can afford a property without financing help, then u should wait until mid-2009 then only buy.

by the way how much cash is considered tons of cash? (is 1 million in FD enough) mid-range properties RM300~RM500k will be much cheaper by mid 2009?

tons of cash : min 30% of the property value u wanted to buy. Better still if you can pay 100% cash.

A fren of mine bought a property 25% below market 3 months ago bcoz he bought it cash from a desparate seller. His rental yield for the said property today is 13.5%. 

Hi Guys,
I am a bit noob on this but hope someone could enlighten me.

I am curious to know what would happen to Malaysia Property Market following global economy melt-down. (assuming Msia will suffer the effect following US market soon.) Would the property rise drop? Interest increase?

Planning to buy a property soon, just think whether now is the right time.