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.

Totally agree.

However, the key word here is "if". Should this happen, BNM will effectively kill off our domestic sentiment for good, and we wont recover until the next 2 years.

I for one anticipate the opposite will happen by end of this year.

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Added on October 13, 2008, 2:28 pmboss, PMed you

This post has been edited by Pai: Oct 13 2008, 02:28 PM

good advice.

In general, before u sign anything, make sure you have checked with a FEW banks the average value of the property you intend to buy. That way you'll know 1st hand if you overpaid OR u r getting a bargain and how much loan can you get

On the interest spread, doubt it will ever go back to BLR + spread, unless BNM interferes.........

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Added on October 22, 2008, 7:28 pmThis post has been edited by Pai: Oct 22 2008, 07:28 PM

for Shah Alam area, thats really expensive.

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Added on October 24, 2008, 1:04 amHi Kenny, we used to have oversupply of CRAP properties. Properties in good locations are always limited in suppply due to high demand and vice-versa.

Now, I feel that we have oversupply of "high-end" properties and correction will be due soon.

This post has been edited by Pai: Oct 24 2008, 01:04 AM

And can you care to elaborate why is that so?

Or have you mistaken Malaysia for US?

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 pmHehehe,sound like a good plan to aleviate the pain

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Added on October 27, 2008, 11:23 pmBoss, 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



This post has been edited by Pai: Oct 27 2008, 11:23 PM

U r right, this is not worth investing in. To me, its not really a problem of timing, the real problem here lies in the location.

Out of curiosity, why buy this shophouse in the 1st place knowing the ROI is terrible?

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%.