hi,

Any house to sell in Bandar Mahkota Cheras?.. looking and considering. Good for investment and residence........

hi guys,

Recently we all hv heard of this 'new' saying i.e dont wait to buy property, buy property and wait!. I think there is some truth in that coz when the next 'wave' of property boom is ON we could probably miss the ride. No one knows exactly where the bottom is anyway. A depressed housing market could also presents gd opportunity to start buying provided one has cash buffer of say 6 to 9 months.

For investment, yes timing is very important
For own stay, can probably proceed n buy if one really likes the property.

Hope property gurus here can give more insights on the subject


b'rgds

i wonder whether people will judge me as a "newbie" investor, because of my status....let's see.....

Agree with the adage above, which was probably brought into popular culture by robert g allen.

personally, i believe that economic cycles or timing has no material impact when it comes to investing in properties. But I am thankful that most people think that way. It works mostly in my favour.

Again, my personal view - it was never about the timing. Location, whilst being an important factor WAS NEVER the most crucial factor......again, it's tragic that most people don't see that viewpoint.....I don't mean to sound condescending.....but many young investors fail to understand this concept. Oh well, different story for another day.

Shaguar.....

Some personal advice from an "uncle", if you don't mind.......whether for your own stay or for investment purposes- ALWAYS buy with immediate and instant equity....if not, jettison the deal. Simple as that.

Yes, it's always easier said than done.... the naysayers would say it's difficult, and it is..... But once you practice the philosophy, it gets easier......and you'll be happy with your investments.

Am no guru, but here's my take on the subject. ANYTIME, is a good time to buy an investment property provided :

1. Price is right - Maintain yield and ensure decent capital gains upon selling. This trumps everything else.

2. Demand > supply - Its the key to sustainability and the most over-looked criteria. MK used to be a good place for property investment, until someone decide to add 10,000 new units to flood the market.

3. Location is right

4. Timing is right - I believe this often misunderstood and over-looked. I'll give you a real example :

I had a fren who thought Maytower Service Residence was a good buy 6 months ago. But he didnt buy back then, coz like many other, he tot' the economic downturn will present more bargains. I argued thats not gonna happen for Maytower ( mainly due to its exceptionally strong yield) but he refuse to listen anyway. As the stories goes :

- Last month(5 months after we've 1st discuss this), he finally bought a 439sqf unit for approx 230k. 6 months ago he could have bought a similar unit for approx 200k. But he waited 6 months and he paid his price.

- He still think that 230k is a good buy, and I agree ( this makes 200k price 6 months ago, a steal!!! )

- If he had bought 5 months ago, he could have had it zero down due to better MOF, hence lower/zero capex VS today whereby banks r slashing MOF and valuations with fear of a looming property bubble.

- He could have got a better financing rate 5 months ago (easily BLR - 2%) VS today.

What a big diff 5 months could make

This post has been edited by Pai: Jan 9 2009, 02:37 AM