Lowyat.NET: Latest topics by property101

[WTS] Densimeter - Gold Silver Testing Toolkit

property101 — Mon, 09 Sep 2013 00:07:57 +0800

Item(s):Densimeter
http://goldsilvertools.com/

Package includes:
1) Electronic Weight Scale (0.01g - 300.00g)
2) 4-leg metal stand
3) Aluminium plate (installed with string)
4) Clear plastic container
5) Density Calculator (software)
6) User manual (English)

Price: RM375

Warranty: 1 Month

Dealing method: Skynet (FREE DELIVERY)

Location: KL

Contact method/details: payment@goldsilvertools.com / PM

Item(s) conditions: BRAND NEW + 100% GENUINE

Picture:

Reason for sale: Trading

Serviced Apartment

property101 — Mon, 29 Jul 2013 23:32:32 +0800

Ideally when we buy a house whether for own stay or for investment, best is we get property with residential title. However there are many other considerations when buying a property such as location, timing, entry price, etc that we might need to consider a property commercial title. The obvious disadvantage of having a property on a piece of commercial land (commercial title) means water and electricity bill would be higher compared to residential rate.

Personally, I have not seen how much higher the water rate and electricity rate is for commercial title. Anyone one has experience paying utility bills for commercial rate? Say for a 4-5 person staying in a 1,000 sf serviced apartment?

I also wonder to what extend property buyer would stay away from commercial title high rise (serviced apartment)?

Does LEASEHOLD really concern you?

property101 — Fri, 26 Jul 2013 10:45:17 +0800

We know the basic definition of LEASEHOLD. Most would be 99 lease and the property do not belong to the buyer "forever". The transfer of ownership is a little more troublesome and over the years, the lease reduces and the next buyer tend to be pushed away as the remaining lease is lesser. Given a choice for an identical location and pricing, we would no doubt choose FREEHOLD over LEASEHOLD. Unfortunately property often comes with different considerations such as entry price, size, location, timing, etc.

There will be time when choosing a property is not as simple as choosing a FREEHOLD over LEASEHOLD. I wonder how much does a LEASEHOLD status would affect your purchasing decision? Say from a sub-sale serviced apartment perspective?

1 Cashflow OR 2 Breakeven ?

property101 — Wed, 23 Jan 2013 23:33:36 +0800

If you have a positive cash flow residential property giving you RM500 cash flow a month, should you refinance / top up loan amount to pull out the capital to buy another property that gives you 0 cashflow (neither positive or negative)?

Online Payment Gateway in Malaysia

property101 — Mon, 24 Sep 2012 23:36:34 +0800

Hi guys, wondering if anyone has experience signing up local payment gateway for online payment in your business?

I have a small online business, the transaction is about RM2000 to RM3000 a month. What I've been doing is putting up my Maybank account, instructing customers to pay into my Maybank account either by M2U, Cash Deposit Machine (CDM) or inter-bank transfer. Most people are paying me through M2U but there are some who use Cash Deposit Machine or inter-bank transfer. I'm quiet confident that I have lost couple of customers who are not familiar with M2U or find using CDM / interbank transfer is troublesome. That's the main purpose I want to set up the online payment gateway.

I have been digging around the internet and found out there are couple of online payment gateway, namely iPay88, NetBuilder, WebCash, Paypal.

iPay88 - I'm quiet keen using this. Wonder if anyone else used this and have any comment / feedback on their service?

NetBuilder - I'm open for this too but the initial cost seems a little higher.

WebCash - First time I heard this but seems to be very cost effective.

Paypal - I have number of bad experience using PayPal to make a transaction. Need to call up the bank to allow the transaction. Doesn't seems like a good choice.

Anyone has any experience dealing with online payment gateway and willing to share some wisdom with me?

Have You Ever Failed A Business

property101 — Fri, 24 Aug 2012 15:58:21 +0800

We always hear people talk about "90% of new start up failed in first 5 years" and 90% the remaining will fail in the next 5 years. When someone hears about this, it will really discourage a lot of passionate entrepreneurs to kick start their business.

I'm wondering, how many of us here in LYN have really started a business and "failed" it?
If you think you have failed in a business, can you describe what is your definition of "failed"?
For some people, failed means owing a huge sum of money to supplier (or any other parties) and could not pay back?
For some people, failed means no business income for 6 consecutive months although not owing anyone money?
For some people, failed means losing passion in running the business and totally pull out from it?

If you don't belong to the "failed" group, have successfully started your own business and still running it (hopefully with positive cash flow each month), may I know many "failed" businesses it took before you have this successful one?

Personally I have started 2 businesses. First business during my college time and another one started 3 months back. Not to say I'm super successful or rich, but my first business still bring me 5 figure profit annually. While my second business has been bringing me 4 figure profit every month for the past 3 months. I never officially study business nor have parent teaching me about business. It seems like I'm pretty lucky? So whenever someone says "90% of new start up failed...", I wonder what does it really means "failed"?

Mind to share your experience?

SSM Investigation

property101 — Thu, 16 Aug 2012 09:56:31 +0800

Hi LYN member, has anyone get called up by SSM before to help on their investigation?

Here is my scenario, few years back I invested in a land investment scheme from a company. Today, I got a call from SSM, claiming they are investigating the company that I invested the scheme with. SSM asked me to go to their office in KL Sentral level 27 to help out their investigation. Anyone encounter the similar thing?

* I know the scheme I have invested is probably not a legal one. Naive me few years back. In fact right now, I don't expect any return from the $$ I have dumped in. Consider that as an expensive lesson.

Fujitsu Lifebook L 530 random crash

property101 — Tue, 16 Aug 2011 20:37:09 +0800

Hi Sifus,

Not sure if this is the correct place to look for help, but here is what I encounter:

I have been using my Fujitsu Lifebook L 530 since 8 months ago. Since the past 2 months, my laptop has been crashing

randomly in the following ways:
1. Totally shut off like suddenly no power supply.
2. Blue screen
3. The whole screen frozen and nothing can move.
4. Have pattern of lines on screen and frozen on the screen.

I could identified the crash normally happen after I have been typing on keyboard. No specific order. Totally cannot reproduce the crash at will. Which means if I was using it to watch movie or only using mouse clicks to surf net, machine is fine.

I have brought it to Fujitsu service center. The technician claim there is nothing wrong with the hardware. I ran some diagnostic tool during machine boot up, all seems well. I tried reinstalled the OS, reset it to factory settings. No luck.

I can roughly remember that I have this problem since 2 months ago, which is around the time I started using Yes (3G USB dongle). I'm not sure if it is caused by this. I tried reinstalled the OS without putting in Yes. Problem still there. I tried Windows Update and even BIOS update. Still no luck.

Is there anything else I can do? Please help.

Will your developer run away?

property101 — Wed, 10 Aug 2011 18:51:13 +0800

Recent years, we have heard less of those stories that developer run away after taking money for underconstruction property.
Some believe that Gov has done a good job to ensure this do not happen, while personally I believe due to the bull run of market for the past few years, there is no need for developer to do so.
However economy uncertainty in the US happened recently gave us a hint that the global economy is not as convincing as we wish. Malaysia has little impact for the past few days (well share market felt a little but not too bad), but who knows what lies for Malaysia market in the near future.
For those who have bought an underconstruction property recently, or planning to buy one in the next 6 months, are you worried that developer would run away after in the middle of construction?

Well, we all have heard of those find a reputable developer theory, do not buy with first time developer advise, etc already
Let's relate how the economy will effect our local developers even if the developers are big and reputable

KL / Selangor new property demand

property101 — Tue, 12 Jul 2011 10:00:32 +0800

By now, I believe most people would agree that the new property launches have flooded the property market and we can expect more to come. For discussion sake, do people in KL / Selangor have so much citizens to consume that much of residential property? Do businesses really need that much of office space? Are there really that much of retailer than need shopping lots?

Sunsuria

property101 — Sat, 25 Jun 2011 14:10:51 +0800

Hi, referring to the property developer Sunsuria. I'm wondering how reputable is the developer. Obviously there are a lot of information from the web including websites like iProperty - but those are kind of scratching on the surface. As far as I know, they are not the top 10 developers in Malaysia, but they don't seem to be too small either. I wonder what class of developer they can be considered as? Anyone has comment about their property? Their work? Experience dealing with them?

Also, wondering if there is anyone who knows any facts about the developer that not commonly known by the public?

Appreciate

How much a loan agent earns from loan application?

property101 — Sun, 12 Jun 2011 23:25:36 +0800

hi, a silly question, just trying to understand how much (in term of percentage) does a loan agent gets as their commission?
if i as a loan agent in Bank A that introduce a customer to a loan agent working for Bank B, how much can i expect to get a split from the commission?

the situation is as following:
my partner and i are providing non-bias home loan advise to property buyer on loan matter, we are not officially tied to any bank, we advise customer base on how much we know about each loan product and make recommendation, if they like the plan, then we will get the loan agent to contact the property buyer. we dont charge the customers, but hey we need to make a living too, so we will receive a spilt of the commission from the loan approval. my common sense tells me the agent receive around 1% of the loan amount, so we would split on around 40-60 or 50-50 basic. obviously we dont want to squeeze the loan agent commission till dry, but we also dont wanna do a consultancy work for too low of return.
anyone can enlighten me on the percentage of the commission and the splitting of commission?

Working VS Business

Thu, 01 Jan 1970 07:30:00 +0800

Working VS Business

property101 — Sun, 05 Jun 2011 13:33:25 +0800

A little bit of curiosity here. How many of LYN members used to be working in a company and now has started your own business?

If yes, did you regret doing so?

Is there any who has working in a company, resigned, started a business, failed it, then get back to a job?

I'm very keen to know your experience

Fixed Interest Rate Package

property101 — Sun, 05 Jun 2011 01:23:49 +0800

Hi, global economy is expected to be volatile in the next few years. Many local & international gurus are advising to take fixed interest rate for property.

Lets leave whether this is a good time to buy property aside, i'm wondering what are the ins and outs for a fixed interest rate loan for property. I have only talked to ING agents, which appears to be quiet aggressive with their marketing. Sometimes there is only so much we can trust what an agent tells, i would appreciate anyone with experience in fixed interest rate share the knowledge with me. I have few questions:
1. What are the hidden fees?
2. Would it allow partial payment to knock off principle? Similar to a flexi loan?
3. Anyone tried to exit a fixed interest rate loan by selling the property? Did you face any problem?
4. Any tips and tricks on fixed interest rate that I should be aware of?

Thanks in advance

The land between Fortune Park & East Lake

property101 — Thu, 12 May 2011 10:39:19 +0800

hi, anyone knows what is the usage for the piece of land between Fortune Park and East Lake in Sri Kembangan. i saw there are some construction going on but no sign board so far, my last source told me that belongs to Dijaya and they are planning for a high rise project, anyone can verify that?

Here is the location:
http://wikimapia.org/#lat=3.0355476&lon=10...55&z=17&l=0&m=b

Does gov want the property market to cold down?

property101 — Sun, 08 May 2011 12:09:39 +0800

Base on the above topic, the more I think about it, the more complicated it gets. Would anyone share his view on this?

Create a 'floor' for bedding

property101 — Sun, 01 May 2011 15:24:20 +0800

[attachmentid=2188577][attachmentid=2188578]
anyone has idea what kind of contractor do i look for to create something like this?
how much would it cost?
my objective of doing this is to obviously to make better use of space, but of course the bedding should be strong enough to hold 2 persons

Which property strategy do you practice?

property101 — Sun, 17 Apr 2011 19:33:13 +0800

Society generally assumes that property symbolize one's financial wealth. The more the merrier.

There are many strategies that one can apply in property investment even for most average Joe. There are several strategies that are listed above. Some novice investors might practice the most traditional one "Buy from developer, sell upon VP", while some sophisticated investors might practice "Rent a basic unit, fully furnish it and sub let the rooms".

Having said that, there are pros and cons for each type of strategy. For example:

Buy from developer, sell upon VP:
Pro: - Investor do not have to do much upon signing S&P and loan agreement. Upon VP would gain significant appreciation.
Con: - Taking risk by buying a property that does not exist yet therefore many things could go wrong if the developer is unreliable.

Buy from developer, rent out upon VP
Pro: - Investor would enjoy high margin of positive cash flow. In other words, someone is paying your installment.
Con: - Property might not attract be able to attract targeted tenants, which leads to vacancy.

Buy from sub-sales, sell upon appreciation
Pro: - Able to study and examine potential property carefully.
Con: - Have to pay a premium to purchase.

Buy from sub-sales, rent out
Pro: - Able to analyze the rental demand of the targeted property.
Con: - On today's (April 2011) market, most sellers are selling property that does not leave positive cash (rental - loan installment) flow for the buyer.

Buy from auction, sell it at market price
Pro: - Buy an discount.
Con: - Risk loan application not approved, deposit will be forfeited.

Buy property with guarantee return scheme
Pro: - Hassle free investment.
Con: - Usually rental only break even with loan installment, increase of rental on the market would not benefit the owner as the 'scheme' has absorbed the increase as profit, and the property has become additional illiquid.

Rent a basic unit, fully furnish it and sub let the rooms
Pro: - Amount of capital involve here is minimal therefore liquidity is superb
Con: - More hassle to maintain the property and manage the tenants

As some of you already have noticed, the above are not the only pro and con, and the strategies are only the tip of the iceberg. A lot of details are missed out such as whether to buy at first tier of prime area or second tier of prime area (this would be another set of pros and cons), the reputability of developer, financial package being offered, leasehold freehold, etc.

There are a lot of novice investors are shooting in the dark and hope for shooting the right property. Therefore I'm wondering what is your preferred strategy and how do you alter the plan to suit your financial appetite? What are the reasons you choose to invest in such a way that general public probably have easily over looked? This is basically nothing but a property investment strategy sharing thread - hopefully everyone (including myself) can learn a thing or two so that we are able to 'shoot' property more accurately

*If you think there is a common strategy that I missed out, please do notify so that I will add on to the polls.

Impact of Japan Crisis to local Property Market

property101 — Fri, 18 Mar 2011 13:43:13 +0800

The destruction of Japan building during the recent crisis is significant. Re-development of buildings is required to continue their business operation / building new homes for the victims. Regardless whether they will use the same location or choose new location, massive construction will be carried out and construction raw material would be required - which will potentially lead to the demand more than supply of construction material in international market.

Earlier REDHA has reminded us that in our local property project, 70% of the construction raw material should come from local market. So, to what extend would our local property market get impacted from construction raw material point of view. Please share.