Briefly, en bloc sale meant the collective sale of all the units within the development to one developer / new owner and all the owners will collectively get a portion of the sale of the whole block or blocks. For many developed property markets, en bloc sale also meant that as long as a certain majority number of owners willing to sell is reached, then sale becomes a certainty.
I would love for foreigners to appreciate our property market enough that they actually chose to buy properties here. However, I would not want the property market to be so attractive that the buying becomes rampant or over double digits in some countries. When someone super wealthy buys a property in another country, chances are, they will be willing to pay more and this will inevitably lead to higher property prices if every transaction is showing an increase in price. So, which are the countries buying a lot of Malaysian properties? Is it C, I and S? Haha. Read on:
Buying wrong properties is fatal. Buying overpriced properties will mean a long time to recovery for this financial mistake. Waiting too long just meant that someone else is getting richer but just not the one who’s renting…I believe buying a property should be as quickly as possible if our financial capabilities allow. PLEASE REMEMBER, BUYING THE WRONG PROPERTY IS STILL WRONG yeah. PLEASE ALSO NOTE THAT OVERSTRETCHING FINANCIALLY IS DANGEROUS yeah. Due diligence is needed for all types of investments. Understand what we buy and do not blindly follow any friend or any property guru who’s a very good presenter.
I arrived in Melbourne last Sunday and will be in Melbourne for around 10 days. I met my friend who shared with me that she was staying in a townhouse and she explained that a townhouse meant that the owner of a big piece of land decided to sub-divide the land and build units within the same land. Her home is one out of 16 other units within the same piece of huge land. In other words, this particular house on one piece of land was demolished and 16 units of townhouses are now on the same piece of land. Do read a brief explanation below:
New baby, new expenses. Where got money for property? An old friend told me that having a new baby means extra expenses. I agree. Then,
Home Sweet Home: My Journey Through Five Properties What’s my perfect home sweet home? Since my very first home sweet home (means a place I
This was a valid statement by someone who was maybe very wealthy, so just wanted to show how rich he was. It’s not a positive statement because it’s not a positive one. Selling lower than the price we bought simply meant losing money. Well, if losing money still proceed to sell, then maybe the seller is thinking about property just like the stock market; cutting loss.
Anyone would have driven past some commercial buildings which has been abandoned. It could have been a factory but is no longer in operation. When it comes to production, the margin is usually small and thus any changes in the market could be fatal to the factory. Some of these abandoned or even unused commercial buildings have been transformed into something else. For example, a cafe… maybe even a n event space…
S P Setia is a very famous brand in the property development industry. It has a huge land bank and if I remember correctly, they are still within the largest few developers when it comes to landbanks here in Malaysia. If we look at just the sales numbers, S P Setia are one of the few developers who could do a billion ringgit of sales every quarter or less. I personally rate any developer who’s selling over RM1 billion per quarter as huge and reflects the property market closely.
Is Renting Worth It? The Case for Buying a RM900k Condo When the price is really attractive Looking at all the other listings would reveal
In Malaysia, selling via the auction route is seen as selling of the desperate home owners. It is viewed as the selling of properties where the owners are already in a financial crisis. Only the banks do it as they took back those properties from the owners who could no longer pay their monthly repayments. That’s why they are put up for auction mah…
Let’s start by looking at the differences in downpayment and also the monthly repayment for different cars. Then, we can see why a car could mean losing a potential property too. We assume everyone below are earning similar incomes and perhaps 10 years after they have started working, they may want to buy a house. In other words, downpayment of 10 percent is needed.