Lowyat.NET: Latest topics by Senseless

[WTS]iPhone 11 Pro 256GB Midnight Green

Senseless — Sat, 15 Oct 2022 20:01:30 +0800

Item(s): iPhone 11 Pro 256gb midnight Green

Package includes: full set

Price: sold. (!!!NOTICE!!!: Sellers are required to display the exact selling prices of their products. Failure to do so will result in the deletion of the topic)

Warranty: nil

Dealing method: cod

Location: Bukit Jalil

Contact method/details: na
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Item(s) conditions: 9/10 battery health 84%. No scratch. Screen protector still intact.

Picture:

Reason for sale: upgrade to 14

WTS Huawei Mate 9 (sold)

Senseless — Wed, 09 May 2018 12:13:14 +0800

Item(s): Huawei Mate 9

Package includes: Full set. Charger, earphone, brand new and never use before.

Price: (!!!NOTICE!!!: Sellers are required to display the exact selling prices of their products. Failure to do so will result in the deletion of the topic) SOLD

Warranty: nil. Bought on Dec 16

Dealing method: COD

Location: Bukit Jalil

Contact method/details: PM or Whatsapp
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Item(s) conditions: 9.5/10. SP and casing since day 1.

Picture:

Reason for sale: chg to p20 pro

SOLD PS3 160GB + G27

Senseless — Mon, 13 Oct 2014 19:15:33 +0800

Item(s): PS3 160GB (Box included)

Package includes:
- PS3 Console ,
- 1 Dualshock controller,
- 1 Spilt Fish Mouse Controller
- All cables,
- 6 games (Winning Eleven, BF4, GT5, MGS4, Little Big Planet 2, F1 2011)

Price: sold

Dealing method: COD Kepong/Damansara

Contact method/details: 012-9999276

Age of item: 2yrs

Item(s) conditions: Very Good. Seldom play

[attachmentid=4169240][attachmentid=4169241]

Item: Logitech G27 Steering Wheel

Package includes: As seen in pic. No box.

Price: sold

Dealing method: COD Kepong / Damansara

Contact method/details: 012-9999276

Age of item: 1yr+

Item condition: Very good. Seldom play

WTS Golf Callaway X14 Steelhead 3-PW

Senseless — Mon, 15 Sep 2014 23:06:44 +0800

Callaway X14 Steelhead 3-PW for sale.
3 Iron - NSPro 950 + Golf pride grip
4-9 Iron - Ori True Temper + Ori grip
PW - MCD 48deg (lost the ori PW and bought this from MST recently to substitute)

Condition: 7.5/10
Asking price: RM500 neg
COD KD golf range / Kepong
Contact :012-9999276

Please whatsapp for photos as can't upload here successfully or refer here http://www.mygolf.com.my/phpbb2/viewtopic.php?t=12229

Banning DIBS

Senseless — Thu, 04 Jul 2013 00:19:25 +0800

I couldn't agree more...
http://www.thesundaily.my/news/758107

Banning DIBS long overdue

Posted on 2 July 2013 - 04:43am

Goh Ban Lee

A popular topic of conversation among friends and relatives is the rapid rise of property prices in the last four years or so. Speculation in property prices is inevitable with private ownership of land. However, traditionally, speculators needed to have deep pockets to carry out their activities on a big scale. As such, speculation in properties was not a common pastime.

The scenario changed with a sales gimmick introduced by a developer in Penang in 2007 when there was a global financial crisis. Fearful that its houses might not be sold, the developer introduced the 5/95 payment scheme whereby buyers paid only 5% of the property price and borrowed 95% from banks.

Making the deals even more attractive, the developer paid the interest for the buyers' loans until the project was completed. Though the project was quickly sold out, the prices of the properties were on the high side compared to nearby projects.

Before the introduction of 5/95 or 10/90 schemes, the common practice was the 30/70 scheme whereby the buyers paid 30% and obtained loans for 70% of the price of the properties.

Many developers have adopted the 5/95 or 10/90 schemes. The term "Developer Interest Bearing Scheme" (DIBS) was thus coined. Eventually, even the legal fees were borne by the developers.

Although the scheme was introduced to attract ordinary house buyers, it inadvertently made it cheap and easy for speculators to earn relatively large profits in property speculation because they only had to pay the initial payment, either 5% or 10% of the price of the property and had two to three years to "flip" them. In DIBS, the speculators found their cash cows.

For example, for a RM1 million property, one needs to pay only RM50,000 if the developer adopts a 5/95 scheme or RM100,000 if it is a 10/90 scheme. A speculator with RM200,000 capital is able to book four or two properties. He or she then has two to three years to sell them.

Even if the prices of the properties were to increase by 20% during the construction period, the speculator would make RM200,000 for each. If it was a 5/95 scheme, the speculator would make a 400% profit, minus the legal fees. If the scheme is 10/90, he or she would make a 200% profit.

There are few businesses or investment opportunities that give such large returns in such a short time. It should be noted that by the time the speculators are looking for buyers, the projects are already visible.

Making things worse, there are developers who hold pre-launch viewing for selected clients. As such, before the public is aware of new projects, selected clients are allowed to choose and book units. By the time the project is shown to the public, choice units have been taken. There is no doubt that many prospective buyers have experienced disappointment when told by sales personnel that the units they want have been booked.

With the rapid increase in property prices in the last five years or so, speculators have been laughing all the way to the bank.

It is strongly believed that the spiral increase in the prices of new properties in the last few years is the result of speculative buying. It has also affected the property market as a whole. As a result, young families with a household income of RM7,000 a month are now shut out of the property market, even if they accept the reality that their dreams of living in a "middle-class" neighbourhood, such as Island Glades in Penang and Taman Tun Dr Ismail are gone and they are willing to live in cheaper areas.

As a general rule, the housing market is not efficient and this has led to fluctuations of house prices. However, with the introduction of DIBS about five years ago, the situation has become worse.

DIBS has been in the news lately, especially in business sections. The consensus of the writers is that the scheme is not good for genuine house buyers and the housing industry. It is also not good for the economy as a whole. Singapore banned it in 2009. Bank Negara should do so as soon as possible.

GE13 impact on property price

Senseless — Sat, 06 Apr 2013 23:50:30 +0800

With GE13 round the corner, and sentiments seems to be it's going to be a very hot and furious battled GE this time.
What do you think the impact on property price will be if opposition or incumbent party wins?
Will there be a price correction? New regulations? Cooling measures? BLR up down?

Your thoughts please...

CasaSuria - Sunway Alam Suria

Senseless — Wed, 28 Nov 2012 23:18:06 +0800

All sifus, was visiting Sunway sales at KD few weeks ago and the SA recommended this to me. Claim price is around RM600+ after discount.
Show house construction in progress, design looks good from broucher. Selling on the concept of every unit is a corner unit. Not sure is G&G or just guarded. DASH highway connectivity to Damansara. Checked Google map is about 20km one way from Damansara Uptown.
http://www.sunwayproperty.com/pd/alamsuria_phase2c.asp

Anyone bought and mind to share your thoughts about this place and township, is it good for own stay? Quite interested.