Comments on: Shopping Mall in Kota Kinabalu

By: CKWong

CKWong — Wed, 11 Aug 2010 19:44:18 +0000

hi<
For the past 20 years, office investment has never proven good. Next 10 years is unknown but I prefer to avoid unless entry cost is cheaper than market value. Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: Tan W S

Tan W S — Wed, 11 Aug 2010 15:25:09 +0000

Any Comment for office investment in KK area?

By: CKWong

CKWong — Wed, 11 Aug 2010 09:20:32 +0000

HI,
I have chat with the owners this afternoon, its look very promising and according to him the project will run very soon. So just wait and see…Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: D777

D777 — Tue, 10 Aug 2010 13:42:48 +0000

Hi CK,

Do you have any update on the Pacific Parade? Last time, they said they would resume construction in July but so far there is no development?

Thanks.

By: Azlan

Azlan — Sat, 07 Aug 2010 10:27:26 +0000

Hi,

Investor will continue to buy and do not expect to sell it within few years to make a small profit or else we call them speculator. So an increase on the bank interest of .25% , 0.5% will not deter them from investing continously. They only worry is if the bank don’t give them a loan. But even if the bank doesn’t give them a loan they will find other mean to finance it one way or the other.
The price increase in properties in the past 5 years was rather interesting. Was it becasue due to more demand, more speculation, and not enough supplies. I think inflation was the main reason. During pak lah adminsitration gave the go ahead of increasing the fuel cost, every item went up in price and never came down even if if the fuel price was revised down a little bit ( prior to the recent increase again ).
Which make me think that the price increase was cost pushed. In other words, our currency has dropped in value. So the ringgit that i hold yesterday is less today.
Thus , the price increase in property may not be a real increase . It,s mainly due to the dropped in the value of our currency. The best is , do not hold too much cash.

That,s why we see those who have invested in the past will continue to invest regardless of the BLR or the economy situation. They buy property yesterday, they buy it today. If the increase , they are happy. If the price drop and some call it bubble burst they even happier, why?? it,s time to buy some more. That’s why CK , you call it ‘The game of the rich’. I have seen that’s how some of the Oil palm platation owners buy properties. To them there’s so much cash with not very many things to buy. And it’s really no point to keep thier assets in cash form. Some of them bought up prime development land. Such as the one CK you pointed out in Jalan teluk Likas for a wooping 30 plus millions for 15acs. That ultimate push the land cost up in the vicinity, and finally overall land cost in KK and also price of houses.

So the million dollar question is how do we as an average investor invest in the near future ? maybe CK you or anymore would want to shine some light on this !!

Azlan

By: CKWong

CKWong — Thu, 05 Aug 2010 18:36:37 +0000

HI,
Smart investor buying all the way irregardless of the economy situation. We are buying and accumulating good deals while waiting for the right time to harvest. Wait and see or wait to buy is the worst strategy..Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: joe

joe — Thu, 05 Aug 2010 08:34:06 +0000

Everyone knows that KK property prices is artificially inflated. Lets not get caught. We also know that the developers are laughing themselves to the bank. Lets be smart investors.

By: CKWong

CKWong — Thu, 05 Aug 2010 02:01:21 +0000

HI,
Recent price rise was abit shock to alot of people. But I’m confident that properties below RM600K will be more secure in terms of future appreciation and reasonable rental yield. Its within alot of people affordability. Above this pricing I foresee more challenge especially for Condo which prices above RM500psf. Happy Investing.

You cannot Grow Land..CK Wong & MY DAD

By: Ri

Ri — Thu, 05 Aug 2010 00:26:51 +0000

Hi CK, don’t you think that the recent cases of high price selling were due to asset bubble being built up? People are buying due to the common thinking that prices may go up even higher in the near future. Do you think the prices can sustain in the near term? Maybe I ‘m a bit pessimistic, do you think the recent prices are still ok and within the investment scope?

By: CKWong

CKWong — Wed, 04 Aug 2010 17:37:24 +0000

Hi,
This to certain level it not true. Short land tenure like residential area in Likas and industrial land at Kolombong (less than 20 years) still commanding premium prices. Last week I came across one pieces land around Kolombong with land tenure less than 30 years SOLD at RM4M @ RM88 psf with less than 1 week in market. And double storey terrace intermediate was transacted at RM420K@less than 20 years land tenure even though market value is at RM350K. Happy Investing.

You cannot Grow Land..CK Wong & MY DAD