Its part of my job meets and socializes with people surrounding to achieve my sales target every month. Most of the time I will try to convince my clients to accumulate property to built up their solid and promising wealth.
Plenty excuses
Sad to say majority of them will turn me down and giving me plenty of “good” reasons why they can’t start their property investment. Normally there is few famous “NO” that I will receive from them. Hope after reading this you will not give all the below reason whenever people trying to advise you on how to build your wealth.
No experience
Its common and usual thing whenever you are not familiar with the area, the answer you gave is “no”. I did agree with it. But my next question is then since you will have experience? You cannot give me the same reason every year. But if you did that mean you are really useless. I met a lot of my superior/clients/friends who is older and earning more money than me also giving me the same reasons. Sometimes I really don’t understand. How can this happen to them, spending more than half of the entire working life yet still say they have not experience. Are they really that busy? I need all of you to answer me or give me some comment and share your difficulties with me. Otherwise I always assume this group of people as PIDUTS.
No Money
Whenever I heard this answer, I always laugh inside my heart simply because it’s a common problem for everyone. Even today world richest guy Mr. Bill Gates might have the same problem. But have you ever ask yourself, why your friend/relative/clients can start their investment while you are not? Are you really that POOR? Is your income really insufficient to support your basic daily needs? Perhaps you might think of moving to higher paid job. The rules of building wealth are pretty simple either you earn more or you need to spend less. But if you decided not to change your current job for better paid then you need to cut down some of your unnecessary expenses to boost your saving. If you still don’t want to change both then how to help yourself?
No information
Ask and you will be given. If you “never” ask how people surrounding you know what you need and want, right? But the fact is most of the people always say:
- They don’t know where to find good property
- No reliable agent help them
- Hassle in managing the tenant i.e. Collect rental, finding good tenant and etc
- Property getting more expensive
- The lists go on
In fact all above information available in our activities especially local newspapers, our daily conversation with real estate agents and sharing of experience by successful investor. For your information, I spend at least 2 hours in the morning everyday just to read news from internet and local newspaper making sure I don’t miss out any latest market news. How many of you did like what I do? How many really spend time reading financial and classified news to look out for good deal? I hope you can start develop a habit like what I do if you really concern about your own personal financial freedom.
No Guts
Whenever you are lack of information, money and experience I bet you will not have the full confidents or guts to start your property investment as purchasing property is long term commitment. A single mistake might wide off your entire life savings. I believe ‘gut’ is developed throughout time. It’s not easy convincing someone who is almost reaching retirement ages to start investing in vacant land or high risk portfolio. Beginner are advisable start with small property investment before moving towards more challenging portfolio as this is to sharpen your knife to make bigger killing. In property, younger investor normally will make it easier compare to mature investors simply they have the “TIME” to leverage further.
Economy Crisis is coming
This is one of the main reasons why people keep waiting to start their investment plan. They always believe economy crisis is around the corner and they prefer to wait for bargain property. But the problem is when the crisis going to be over? I remember “The Peak Vista” was launch during the financial crisis 15 months ago ie. Nov 2008. My close business associate bought one unit measuring 1288 sf for RM435K @ RM 340 psf. And today he is laughing as the sub sales is selling for RM600K @ RM465 psf that compute into 33% net profit over his purchase price and 333% return over his invested capital of RM45K.
Dominated highend condominium in KK
Despite world financial meltdown your money still gives you return of 300% within 15 months!! So always believe that principally there is no economy crisis in this world as its mainly a “correction” in the economy to grow further.
Therefore I hope all of you will start doing something different for yourself this year as the first quarter of 2010 is going to end 4 weeks from now. Please change your mindset by gain more experience, earn more or spend less, read more while share your experience and be brave to take immediate action in property acquisition. And remember you should start your property investment soonest as this is the only proven way to built solid wealth. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Related posts:
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Lot 1, Neutron Point,
Jalan Lintas Khidmat,
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Tel: 088-438000
Fax: 088-439000
{ 54 comments… read them below or add one }
RM600K @ RM465 psf that compute into 33% net profit over his purchase price
Is profit really 33%??
Total Stamp Duty….RM12k
Legal Fee…………….RM 5k
MRTA……………say RM10k (assuming he is as young as CK)
Total: RM29k
Total cost is (RM465k + RM29k) = RM494k
Selling at RM600k (assuming this is a correct current market price), gross profit = RM106k, plus Sale legal fees, etc. say the clean gross is RM100k.
Assume Zero tax.
Therefore profit is 100/465 = 21% at the most
Thus, sorry to say but your claim of 33% profit versus a more realitsitic 21% indicating plenty of marketing flavours.
i dont think thats the point heh. u;ve a investment portfolio of ur own rite, hh?
Yes
the point is he made pretty substantial returns in a short time.
Howevre, you could have made much much more in that same period in the stock markets. Same philosophy…speculation…..in and out
2009 Stock Market Performance:
163% IDX Market Vectors Indonesia Index ETF
130% TKF Turkish Investment Fund
128% RSX Market Vectors Russia ETF Trust
126% EWZ Ishares Msci Brazil Index Fund
124% ISL First Israel Fund
109% INP Ipath Msci India Index Etn
105% HAO Claymore AlphaShares China Small Cap Index
104% IF Indonesia Fund
103% EPI WisdomTree India
90% CH Chile Fund
89% GXG Global X/InterBolsa FTSE Colombia 20 ETF
86% SGF Singapore Fund
84% IFN India Fund
81% EWT Taiwan Index Fund
77% KEF Korea Equity Fund
73% EWY Ishares Msci-south Korea Index Fund
69% EWS Ishares Msci Singapore Index Fund
63% EWC Ishares Msci Canada Index Fund
61% TTF Thai Fund
60% EWD Ishares Msci Sweden Index Fund
58% IRL New Ireland Fund
58% EWO Ishares Msci Austria Index Fund
56% EZA Ishares Msci South Africa Index Fund
53% MAY Malaysia Fund
Hi,
There is one guy from the WEST MAke RM11M after bought TOTO last week. I think he spend less than RM100 for 24 hrs making his return is about 11000% per day. Better than warren buffet. Why not you try this? Happy Investing
You cannot Grow Land.. Ck Wong & MY DAD
Hi You misunderstand what is pointing out…………i never said to bet.
i am just pointing out the returns by different assets in the same period. Kapish?
HI,
1. There is not STAMP duty to be paid by first purchase (developer) do you know this?
2. Legal fees for SPA is absord by developer, you might need to pay abit for Loan agreement and some bank even absord the legals fees for this project
3. NO MRTA is compulsory
So total expenses might be less than RM2K. So your net profit might easily exceeding 28% at least. Sorry for not making my whole picture clear to you. I think I might bought more properties than your DAILY MEAL. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
to Headhunter,
Is profit really 33%??
Total Stamp Duty….RM12k
Legal Fee…………….RM 5k
MRTA……………say RM10k (assuming he is as young as CK)
Total: RM29k
12+5+10 = 27 not 29 lah…
There is something I’m not agree with u here headhunter:
1.CKWong is teaching us his experience on how to buy a good property, somemore put up this website for FREE reading & sharing, this website is truly for those who interested in property especially in KK, NOT MATHEMATIC CLASS ON WEBSITE!!!
2.My friend who work as a property agent told me to invest in a property that stil under construction, because it will gain at least 30 ~ 40% capital appreciation once it completed, that is what happened to the Peak Vista also, she is an investor & she told me because I’m her friend, how many of u come across ur friend very rich but they never tell u how they success? Is CKWong ur friend? Then how u know bout this website? I think he is a generous guy who wants to share his thought & experience for property owner or investor who will gain success by themself, and what CKWong said is true, my property agent she also told me she never knew any under construction property in 10KM radius of KK that only gain 21% after completed, especially those property that got nice view.
3.u got a point here, when buying property must set a side a sum of money to pay the legal fees such as Stamp Duty & Lawyer fees, say 15K + 45K downpayment = 60K for the said 435K purchase price, MRTA put into ur loan amount, now selling for 600K, get 165K return (165/435) which is 37.93% of capital appreciation, 165K – 60K start up cost = 105K NETT PROFIT which is 175% from ur start up cost 60K, higher than jckliew 163% IDX Market Vectors Indonesia Index ETF. Don’t argue with me coz u only put in 60K & return 165K which generate the NETT PROFIT of 105K rite? The time I post this comment the cheapest Peak Vista I found is 620K already…
Btw, my name is Gwen, nick name Hunter, but seems like we are hunting on different field hahaha…
silly arguements here….you are only poinitng out specifically vista.
If you wanna be specific ………in oct 2008 to present
Some stock performance
Goldman sachs $25 156 625%
Citi group $0.70 $3.40 485%
Bank of America $3 $16.67 555%
yamana gold $2 $10.50 525%
Gold Star resources $0.40 $3.00 667%
Silver wheaton $1,80 $15.17 842%
BTW this is NOT a reccomendation to buy them stocks hor….
Just showing you some comparisons of another asset class!
regarding ur “No Money”..
t harv has another quote also -
“The habit of managing your money is more important than the amount.”
HI,
I attend his seminar and I fully agreed with him. Amount is the main thing we need to focus but HABITS. Its a HABIT that make people RICH. Believe it.. Happy Investing
You cannot Grow Land.. CK Wong & MY DAD
I belong to all those things you said in this article. No experience, got very little money only, totally no guts. But my mindset starts to change already since I have a stable office job. Although the first property that I view will not be materialized, I am still actively reading up news, browsing the internet etc…. hope i can become a landlord by middle of this year.
Hi,
Hope is not GOOD ENOUGH. Make it a reality. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Not easy cos my networking with the real estate ppl are almost none. And my job is almost unrelated also. I’m afraid I have to work extra hard compare to those who involve in banking, law firm, property etc. This is life.
mebe find some frens who r of the same interest in prop investing also. even hobby, if alone also boring kan.
truthfully, ther r many many MANY ppl in banking (Ive an uncle in banking 30yrs, he never know anyone who is young n invest in prop, ok myb time hv changed lol still, that means u r pioneer young investor rite hehe), legal n even property line ie. valuer, agents, surveyer, etc who dont invest in property also but merely a job.
ur awareness n interest in this albeit lack favorable factors already is ahead of many ppl than u realized. when u focus on ur weaknesses, then, u will continuously be discouraged. especially during ur waking moments, tis will continuous discourage u, cuz ur negative thoughts is persistent but ur energy in fighting it is not eventually wear u down u give up.
i realize tis, so i try to numb away my negative emotions (myb not the best solution but i don hv other idea) n just keep doin it until sometime i also feel life no meaning (partly my character not very strong) but i still keep doing it cuz as long as i know im on the right track n know what im doing, my effort will pay off.
in addition, try read alot of books, wich will enhance ur skill in this area hence ull feel more confident
charles M Schwab said “the best place to succeed is where you are with what you have.”
oh…if everythg else fail….try print this charles’s quote BIG BIG and stick it ALL OVER ur house, n one EXTRA BIG at the celing of ur bedroom so that it is the first thing u see when u wake up…i think it is virtually impossible u will not kick this negative thoughts of urs after this wat do u think ROFL
Hi,
Its the same meaning of “capitalising” whatever resources you have to achieve what you want in life. But sad to say, a lot of people still sleeping.
You cannot Grow Land..CK Wong & MY DAD
HI CK,
Having made wrong choice of property investment location is also one of the reason keeping people away from property investment. I believe many people were still caught in their bitter experience. Jumping in without proper research or knowledge of property investment can serve fatal outcome at times. There is a saying, “start of right lead to many more rights and also via-verse”. I’m a believer in wealth through property and using the right formula is crucial.
Koh
Hi,
I understand this, that we I need all of you to learn more and understand more about property at your place before making any decision. I know some of the investor are purchasing property “blindly”. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
It seems my merely pointing out a more realistic profit margin has attracted some hostilities, talking about ego. About telling me that your are buying properties 3 times/day, although a matter of speaking, that’s where this whole things are coming from.
hh,
ppl r offensive as defensive as u r. beside, try say sthg not so nice about honda in a honda forum – even tho u r a honda owner lol. so, we just chillax at the end of the day ^^,
Kurios, thanks, I agree with you. It’s also ok if anyone want to be offensive to me, I can take it. What you write is your business. If my comment above are considered offensive, I am sorry to whoever feels that way. I thought we could at least agree to disagree sometime. I am writing in this forum at the courtesy of CK Wong, I know I wasn’t invited, but damned me, this is internet. Reading through many of his articles remind me to be able to differentiate bullish marketing talks and compare them to the real things.
I believe it is painful to learn the hard way thus explain why there are so many people have the excuses – as per the main article. However, it is alway the free advice if not taken with cautions that land many people in trouble. But I guess properties is where we could never really go wrong, or is it? so that’s how I heard it. Anyway I may not have 28 unit of properties or buying one for every meal but I would decide based on the lessons learnt I have over the years and there is no way that I would encourage people making the same mistakes, I guess that’s why I don’t have a blog to tell people to buy as many properties as possible.
Many people will tell you all the winnings, the good stories, inflated profit margins, etc. that’s normally one form of self assurance and sometime even ego boosting for some. How often we hear people tell you things like that? My brother in law once worked as a fund manager in a big firm in Singapore . He said he had a circle of “guru” friends. Then one day he told me one of the gurus lost big time. I asked him how come? He said the “guru” took his own free advice!
We seldom heard the losing stories, cannot find rental, unable to service loans, properties value stagnant, etc. So, there are cases by cases basis. Some good stories are probably true but I also came across many people who went bankrupt due to over committed and at the same time hit by economic crisis.
For me, investment in propertes is not about the no., it’s about the returns and potential future market value. When come to future lets us not be overly arogant thinking that we can accurately forecast it. History tells different stories, unless Kotakinabalu is so different from any other cities in the world.
Well that’s my ignorant way of looking at it. The gurus and the sifus can disagree or even offend me if you want but don’t make it too personally please although it is no longer a headhunting era, I could also whack you back.
Remember what you wrote is your business, just that be responsible as it might mislead other people! Be more accurate and factual, don’t over generalise. Do tell some bad sides of the game as well.
HI,
Its nice to see someone feel the pain when I’m offensive. It shows you are really learning. Mark my words, you will remember it for life as its a short term pain for long term gain. Be happy my friend. I also learn it hardway also. NON of people surrounding me teach me or share with me like what I do now. My dad is uneducated people (TAXI DRIVER) who tought me everything about life experience which at first I dont even borther and try to understand. You are very lucky as I spend few thousand ringgit to setup this forum and my endless time here sharing all my experience and it cost you NOTHING!! Happy Investing
You cannot Grow Land..CK Wong & MY DAD
CK
“Do tell some bad sides of the game as well.”
Thats the point. IF you really wanna educate, you have to be balanced. Positive AND negative points.
Otherwise, you may come across as a property pumper trying to show off his success story
Remeber you are only richer than the next poor-er person…..
Be humble………
Hi JCK,
I can’t give you 100% information here. I paid for what I KNOW TODAY!! Nothing come free. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
JCK,
I really don’t think it is wise to compare your stock market returns with CK’s property market returns. Stock market is much more speculative and very much higher risk. CK’s property investment is more long term and steady (much lower risk) and not so much on speculative and short-term returns .
In stock market, we can get rich (very rich) very fast but at the same time, there are also high potential risk that the outcome is otherwise (get poorer very fast)
If you have gone through CK’s comments, he always emphasize on longer term investment with good rental income yield, make thorough study before we jump into it, design a lower risk portfolio etc. As long as we follow the rules, we can avoid a substantial part of potential risk.
Note, he is not encouraging us to buy blindly but guiding us how to build our wealth through property investment.
Johnny is right, CKWong put a lots of efforts in building this website by sharing his own experience especially in acquiring the properties at Kota Kinabalu area, a city that just celebrate 10 years annivesary for declaration as a city.
The properties situation in KK might different from other city in Malaysia, there are no restriction from State Gov for West & Sarawakian even Foreigner to buy properties, as long as u r qualify, so NOW EVERYONE CAN BUY, The Peak Vista Condominium(www.signalhill.com.my) is developed(still under construction) by Siah Brother Corporation (www.sbcgroup.com.my) from West, Kudat Riviera(www.kudatriviera.com) is developed by a UK guy, a plot of land near Tuaran Shangri-La Rasa Ria Resort is developed by Korean.
How many land in KK that belongs to those low profile tycoon (bear in mind the land have to be under their name or their company name before they can develop it) that will keep developing it we don’t know, but we live in KK only know that there will be a massive changes on this city especially in this few years. KKIA is been the 2nd busiest airport in Malaysia(furthermore its only 10 minutes to airport from city) few years back, this is not only draw a lots of tourist to KK but lots of investor also, u can see a lots of Korean at Tanjung Aru Plaza, they open business here like Korean food, karaoke, snooker also, lots of Foreigner(more than local) with blue eyes blonde hair at Nexus Karambunai Resort & Shangri-La Tanjung Aru Resort & Spa, why are they here? Who knows? I even ever sold a car to a Japanese couple who wants to reside here after granting their MM2H status. Don’t forget they will also buy or rent properties here if they like here as I said there are NO restriction from State Gov, u might try go to Sarawak the biggest & the largest land mass state in Malaysia to experience the different, their Immigration only allowed u to “visit” Sarawak for the longest 3 months if u r Malaysian not to say Foreigner, properties in Sarawak got different scale sell to Non-Sarawakian based on Certain Price & District, unlike Sabah, as long as u r Malaysian, buying a properties or land in KK or Sabah is not a big hassle, so that will draw a lots of people to invest or stay in KK.
For the properties in KK, properties wise, we stick to CKWong as he got lots of experience & don’t forget he is a banker that hold lots of 1st hand information before the deal was made. Legal wise, I would like to share with u all a book ” An Introduction to Sabah Land Law & Conveyancing” by James Lam Chee Seng, he is a experience Lawyer that very familiar with Sabah Land Law, currently attached to Lam Teo Sebom & Tan Solicitors & Advocates at Kota Kinabalu. How to contact him? Ask Google…
Thank you.
Hi Johnny
“I really don’t think it is wise to compare your stock market returns with CK’s property market returns. Stock market is much more speculative and very much higher risk. CK’s property investment is more long term and steady (much lower risk) and not so much on speculative and short-term returns .”
First of all, its just to compare asset classes(opportunities) and returns in the time period that CK put up
Property can be just as speculative as the stock mkt. Just ask the singaporeans! In fact , propeties can be MORE speculative than stocks. Speculative because you ahev to make so many ASS-umptions, eg locality, price, etc. In stock, you have the figures in the accounts to work out your risks. so which is more speculative?
Next, who says stock mkt is short term?
i have invested in and held the same stock from 1989!
Short term, not! Just ask Warren Buffet how long he held his stocks.
What i tried to point out is that sometimes you have to sense the timing as well. Buy low as possible. What i am reading here is buy buy buy…it may end up with bye bye bye! Just be balanced in arguements….otherwise its just pumping.
Investment in stockmarket is different from property as in bursa malaysia, you and the whole world are make known of the current price every minute…for example, if you have bought genting singapore shares since 1 month ago,I am sure you are “crying until no tears”…coz your investment has gone down by 10% and worst still, your friend will laugh at you and they can buy the current price which is cheaper than you…but investment in property is different…you and the whole world won’t know the current price as it depends on the density, location,demand and it is very subjective…even if you have bought a property at the high price, your friends are not neccessary can buy cheaper than you as it ‘s subject to his negotiating skills with the owner and whether anyone want to sell at that lower price and at that time…So you can’t compare an apple with a banana,right?
Of course, they are different as pointed out.
All are speculative. Thats the point. However, although its an apple and banana situation, its all FRUITS. Its just another investment avenue albeit different asset classes.
As i pointed out and you rightly mentioned, property parametes such as density, location,demand is very subjective. Stocks are less subjective as there are numbers in the books to base on.
So if you bought genting sing, why did you buy it? Because To, Dick and Harry told you do so? Or you look at the prospect and betted?
Or is it better to invest in companies with better track records?
OR maybe its better you use that money to bet in their casino!
Gwen
Good for you all who stay in KK then. Sound like the city is booming and a good place to invest. About permit to Sarawak, Sarawakains will wish to maintain that right forever. Why? Well, you have to go back to before Malaysia exist. Seem that you are happy with so many illegal immigrants, I guess it’s a matter of preference.
About CKWong, a property and land millionaire who told us that he was too busy buying properties i.e. one for every of my meal (that’s a minimum 3 houses/day! LOL), that he hasn’t got the time of spare money to get out of KK?…read in one of his earlier articles. Of course he can do what he wants i.e. make money first the travel – blimey me, thanks for his advices too, but I am just wondering if he would be able to see things from the perspectives of others who live in different cities or may be not. The world is KK!
As Johnny rightly pointed out above, in Singapore, it is a lot about speculations. There are many people who bought houses there in mid 90s are having that houses current value lower than their purchase prices by a few S$100k…try asking CK Wong to comfort them with his buying drive or “don’t buy blindly” speeches, see if they are happy.
Hi investor,
Singapore property investment is not speculation.provided you know the property you invest are positive cash flow.i am a property investor in Singapore. Stock investment is also a very safe investment provided you do your homework. Warrent Buffet is buying a business rather than buy stock and speculate or keep long term.
I still prefer property because i was in this industry and know the market very well like CK Wong.
Happy inveting!
Hi Steve,
There is some people in the market who don’t analyse the market. That why they follow the flow of news and agreed with the news “BLINDLY”. Its really need to be in market if we really want to be part of the games. Anyway, nothing when wrong with property provided we really study and done proper research before confirm the property. Its a sure win games. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
There you go again…….everytime you do this makes me think you are a pumper!
“Its a sure win games”
Hi,
Tom, Dick and Harry invested in speculative property. WE “real” investor invest in VALUE based property. That why we are more secure in terms of risk and return. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Serious question: how is investing in uncompleted properties like vista, not speculative?
Whats your defination of VALUE based property especially with newly launched properties such was Vista as you advocated?
no point arguing apple or banana is tastier. surely, some ppl prefer one flavor over the other, its a matter of personality, like investment. both is good if u tell me but which are you.
Kurious,
Agree. Let just talk on property in this forum.
jck,
We’re open to share whatever comment on property, be it positive and negative (such as property bubble).
We do share negative points on certain topics such as houses near to cementary, workmanship at 1xxxx, etc.
I believe our friends and readers here are matured enough to analyse all posted comments and not simply “pumped” by CK.
Hi Johnny
Not all friends and readers are matured enough.
Many are newbies to property investment like me….
As this IS a public forum, is this not a place to discuss positively or negatively?
Yes, this is the place to share our views and comments on property, be it positive and negative.
I’m newbies too. I wanted to invest in property for years but unfortunately, I was a member of NATO (No Action, Talk Only).
It was a blessing for me to come to know this forum which really make me committed to go for it.
I was not rushed to jump into it but as CK mentioned, “there are 365 days in a year, don’t tell me you cannot find 1 good property to invest”. Waiting is definitely not an option if we want to progress. We really have to commit and put in effort to source for the right property to invest.
Simply jump into it is definitely no right too.
Happy sharing.
HI,
That why you need to listen from the experience investor and learn it fast!! You will tell me the same story if you remain where you are now next year. Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Thanks for sharing your knowledge to us in your website, which at least I’ve learned a lot! Keep it up!
By the way, I have been looking for properties for investment in KK for almost 1 year but couldn’t find any which has positive gain or even breakeven. Needness to say if rates are increased maybe this year. In my rough calculation, I have to put at least 30% (70% loan) for downpayment for a breakeven in rental collection. This is excluding rennovation/furniture cost and 1-2 months left empty. Is this true? I have read all your articles and glad to see you have bought some good properties with positive gains. Mind to tell why is it so hard to find these kind of properties now? What should be the strategy for people like me who can only afford 20% downpayment but am looking for positive gains. Tks
HI,
Clever investor is getting more in town. That why the good deal is getting less..Happy Investing
You cannot Grow Land..CK Wong & MY DAD
CK, thanks for your reply.
Mind to share how’s the office property market in KK?
- What’s the rental ($$) per sq ft in offices with shopping facilities say KK Times Square and Wisma Merdeka, also without shopping facilities like those Menara XXX, YYY?
Thanks for sharing.
HI,
Office property is not a very good investment so far at KK. Unlike KL, office can be rented for RM3-5 psf. In KK I think the most you can get psf is less than RM2. Look at KK Times Square, the office is selling for an average of RM280-RM320 psf with rental psf less than RM2. It will be more worth if you bought it for own use. For you information Wisma Merdeka office going rate psf is less than RM300 even already more than 15 years completed. The appreciation mainly less than 2% perannum. So careful when you invest in office. Happy Investing.
Y
if rm300 psf that rents for rm2 psf, isnt a yield of about 8% good? unless i overlooked sthg? when talk abt office, i doubt it is for cap appr
I see newbie n maturity two different thing. other ppl cant/expect to do much for immature ppl, they need their parents to monitor them, seriously Lol. whilst , there can be mature newbie. it dont make sense to hold the person who generously tip responsible for one’s immaturity that lead to his own inability to filter good/bad info for themselves, NOT because the supposed information is not available/discussed. the onus is on the reader to find out ie read more n other sites then merely depedning on one, no?
ok, im just joking Ha ha
I know an agent that has some offices in menara maa for rm330 psf… if not mistaken he told me its about 2.20psf or least, im not sure. isnt 6.5% rather good? yea times square time is just waiting, someday it will explode – in the good way. but a ocmpleted mall is a long long time isnt it
Dear guys,
Why is the rental and selling price (psf) for KK Times Square office is cheaper than Menara MAA?
Hi,
MAA is more matured compare to new development like KK Times Square. Furthermore, it was surrounded by matured residential like Api-Api apartment and Marina Court Condo couple with shopping mall like Wawasan Plaza & Centre POint. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
CK, tks for the info. Am thinking to have an office unit in Times Square for investment purpose as I think there’s room to appreciate in 2-3 years when surrounding facilities are matured. Not sure whether they have small unit & seaview or not….. 200-300psf seems very good buy if they have <1000sf units…
Hi,
The office lot is measuring not less 1450sf. Happy Investing.
You cannot Grow Land..Ck Wong & MY DAD
I see, then I’ll hv to think carefully..
Hi,
Sorry for the inaccurate information, the exact rental is about RM1.5-RM1.8 excluding management fees of RM0.30 psf. That means your rental yield will be 4.8% or less. Somemore the appreciate going to be unknown. But coming KK Times Square with new design and outlook it might command different appreciation especially when the mall is cimpleted. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD