Are you hinting that it's kind of risky to buy this year newly launched project now that developer already aware that based on 2024 performance and data stat, seems like market is recovering so they might take the advantage and upsell with the price they set for selling in projection for incoming property market boom already?
I have a query regarding how the seller agreed to sell the unit at a lower price as compared to his SPA? I mean wouldnt this mean the owner now has to pay a higher amount on his capital gain tax?
thanks Sean for this video. 15:01 how do we ensure that the rent will always stay at the same level for next 30 years? I had the worst experience ever with Royal Domain Putramas 2 where the rent fell from RM2.5k to RM1.7k over past 10+ years. Was this an outlier? It really gave me PTSD lol.. Given that condo doesn't age that gracefully in KL, and tenants can always flock to the next newer property in nearby areas, how do you have the confidence that the rent will not fall as condos age? thanks in advance
27:09 i like the contrarian thinking! and yea i think i could have done more homework back then instead of just following the hype. if u have insights regarding that specific project, it will be great if u can share them. if not, nvm but yea im just wondering, does it make sense then to say that things that are hard to move over next 30 years will pretty much hold the rent (therefore the valuation), say schools, colleges..? anything else like that that u watch for?
yes, old condo usually in very low density 200 units and carpark is at the low floor instead go round and round the ramp 6 times. Size also in 1300sf instead 700sf
A good property is one that has rental that can cover not only the mortgage, maintenance fees, property taxes and repairs, it also puts money into your pocket by at least 30% of rental income. Anything less is not a good property. It is mass market property. To do this, you have choose not only a property that has excellent location, you have to do up the property such that it can stand out amongst the rest.
@@jm0402 It's difficult to achieve, but it can be done. At the start it is the hardest, but once you go past 2 properties of this type of income, the rest following will get easier as you build your portfolio. My suggestion to all new investors is, if you want to start, start with the best possible way. Don't do what the mass market does.
@@jm0402 Probably hot sale/bulk purchased/auction types. If not need to fork out plenty of cash for subsale/new launch Im guessing to get these kind of rewards.
@@huzafah_ Look for properties with a disparity in price in well located areas. It isn't easy. It is if you are a hard worker. Look, it is really hardwork for a landlord to pay all the maintenance fees, mortgage, taxes, repairs and renovation and deal with tenant grievances. If you buy a property just to break even, who earns all the benefit of hardwork? It's the banks indirectly by way of interest cost. If you want to do an investment, make sure it puts a substantial amount of money in your pocket. Else, don't do property investment, just put money into bank deposits, bonds or US stocks, it will accumulate faster in today's high interest rate environment.
So glad im abnormal and got exposed to iherng on youtube. But don't think i have the power to invest in property yet. Is there a malaysian stocks equivalent channel on youtube like iherng ah? Feels like stocks is something i can give into at the moment.
Entry Price Is The Key 🗝️
Yupe!!
Interesting viewpoint Sean. Capital protection as opposed to appreciation. very interesting
Thanks for watching GCB:)
Are you hinting that it's kind of risky to buy this year newly launched project now that developer already aware that based on 2024 performance and data stat, seems like market is recovering so they might take the advantage and upsell with the price they set for selling in projection for incoming property market boom already?
I have a query regarding how the seller agreed to sell the unit at a lower price as compared to his SPA?
I mean wouldnt this mean the owner now has to pay a higher amount on his capital gain tax?
thanks Sean for this video. 15:01 how do we ensure that the rent will always stay at the same level for next 30 years? I had the worst experience ever with Royal Domain Putramas 2 where the rent fell from RM2.5k to RM1.7k over past 10+ years. Was this an outlier? It really gave me PTSD lol.. Given that condo doesn't age that gracefully in KL, and tenants can always flock to the next newer property in nearby areas, how do you have the confidence that the rent will not fall as condos age? thanks in advance
27:09 i like the contrarian thinking! and yea i think i could have done more homework back then instead of just following the hype. if u have insights regarding that specific project, it will be great if u can share them. if not, nvm
but yea im just wondering, does it make sense then to say that things that are hard to move over next 30 years will pretty much hold the rent (therefore the valuation), say schools, colleges..? anything else like that that u watch for?
It really boils down to the demand for the space in the location.
thanks Sean! do u keep a list of properties you are owning are planning to own for your audience to take reference?
Sean is public figure, how to let everybody know where is his property or houses ? It's about privacy 😬
@@cheekeong1993 but he's not staying in his investment assets bro.. 😆
Thanks for your insight 👍
Glad it was helpful Aksah!!
Thanks Sean for this video. Very insightful!
Glad you enjoyed it Adam:)
is sunway alishan a good investment/own stay project like what you said?
27:06 very good perspective👍
:)
Hmm wondering when u can do a review of leisure farm
The thing is will people buy a property condo/apartment that is 30 years old?
U can see new project getting smaller in size. Examples 400k 1250sqf old condo and 400k 950sqf new condo, people will calculate them what they need
Small and new condo vs big and old condo, both are same price. So it depends on individual's taste.
then you exit in year 20 lor. lol
yes, old condo usually in very low density 200 units and carpark is at the low floor instead go round and round the ramp 6 times. Size also in 1300sf instead 700sf
Household getting smaller. Having less children and childless and more prefer to remain single.
大师兄 doing well homework！
Hahaha. The audience did really well!!
A good property is one that has rental that can cover not only the mortgage, maintenance fees, property taxes and repairs, it also puts money into your pocket by at least 30% of rental income. Anything less is not a good property. It is mass market property. To do this, you have choose not only a property that has excellent location, you have to do up the property such that it can stand out amongst the rest.
This is like 0.1% success rate if thats the true definition.
@@jm0402 It's difficult to achieve, but it can be done. At the start it is the hardest, but once you go past 2 properties of this type of income, the rest following will get easier as you build your portfolio. My suggestion to all new investors is, if you want to start, start with the best possible way. Don't do what the mass market does.
@@jm0402 Probably hot sale/bulk purchased/auction types. If not need to fork out plenty of cash for subsale/new launch Im guessing to get these kind of rewards.
It really just mean buy cheap 😂 do wtvr just not purchase at the premium.
@@huzafah_ Look for properties with a disparity in price in well located areas. It isn't easy. It is if you are a hard worker. Look, it is really hardwork for a landlord to pay all the maintenance fees, mortgage, taxes, repairs and renovation and deal with tenant grievances. If you buy a property just to break even, who earns all the benefit of hardwork? It's the banks indirectly by way of interest cost. If you want to do an investment, make sure it puts a substantial amount of money in your pocket. Else, don't do property investment, just put money into bank deposits, bonds or US stocks, it will accumulate faster in today's high interest rate environment.
RM69. Noice!
Cheers to all the other abnormal peeps here 😊
Hahahahahahaha!!
14:29
要去哪里看 发展商的review?
我的频道就有啦:)
So glad im abnormal and got exposed to iherng on youtube. But don't think i have the power to invest in property yet.
Is there a malaysian stocks equivalent channel on youtube like iherng ah? Feels like stocks is something i can give into at the moment.
Hi bro pls tell me how to choose and find property in kl malaysia
@@gillmonsta it was just mentioned in the video bro