Posted by calvintaneng > 2019-06-27 00:28 | Report Abuse

Recap of Dubai 2019 - Success Factory
https://www.youtube.com/watch?v=7G_l24QrcWk

Posted by calvintaneng > 2019-06-27 00:32 | Report Abuse

Dubai Police | Thief scenario
https://www.youtube.com/watch?v=ul09eb4eYf4

Posted by calvintaneng > 2019-06-27 00:36 | Report Abuse

DUBAI FROM ABOVE

https://www.youtube.com/watch?v=6O9Nd1RSZSY

Posted by Sslee > 2019-06-27 08:46 | Report Abuse

Dear calvintaneng,
Great picture: The three Iron ladies of TAGB and TAE. Ladies are more practical, creative, sensible, responsible, honest and strong-willed. If you want your voice heard, talk to a lady. If you want action taken, talk to a lady. If you want your business prospered, hire more ladies. Men are more irresponsible, reckless, egoistic, insensitive and thinking he is right all the time.

Thank you

Posted by Veron_teo > 2019-06-27 08:53 | Report Abuse

sohem Your followers still stuck in talam after listen your Holland call

Posted by calvintaneng > 2019-06-27 08:55 | Report Abuse

Sslee Dear calvintaneng,
Great picture: The three Iron ladies of TAGB and TAE. Ladies are more practical, creative, sensible, responsible, honest and strong-willed. If you want your voice heard, talk to a lady. If you want action taken, talk to a lady. If you want your business prospered, hire more ladies. Men are more irresponsible, reckless, egoistic, insensitive and thinking he is right all the time.

Thank you
27/06/2019 8:46 AM

CORRECT

I HEARD PEOPLE SAY TA IS LED BY ALICIA AND TONY IS A PASSIVE FOLLOWER

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-27 09:01 | Report Abuse

SHENZHEN OPENED ITS DOOR TO FDI AND TODAY SHENZHEN PROPERTY PRICES CAN RIVAL HONG KONG'S

This is good only for housing speculators like Calvin from Singapore. For the rest who don't have a house, you can ask those living in Hong Kong how much they have to pay to have their first home.

How many houses do you need? You can only sleep in one, stay in one bed a night. By exposing Malaysia to unnecessary increase of a basic need like shelter we are causing grief to the future population for the sake of speculators like Calvin.

How would Singapore like it when the water tender ends, and Johor puts up the clean water bids to the highest bidder? Open tender for clean water to bidders from Indonesia, Hong Kong, China? Imagine if every Singaporean has to pay rm1.50 for every liter of water they consume from Johor?

Cry father cry mother then?

This program is to open up housing for more speculation, and cost outweigh the benefits to the public. Those Chinese are not emigrating it staying in Malaysia. They consider it an investment, to sell in the future or rent out at high prices to those that need a shelter over their heads. Would you enslave those who cannot afford to buy their own house but must rent at ever higher prices?

And I thought Calvin was a Christian.

Imagine if his grandfather wasn't smart enough to set HDB housing for the population, but let China build, develop and sell everything.

Greedy harvest church pastors the whole lot of you.

You should be ashamed of yourself.

Posted by Sslee > 2019-06-27 10:12 | Report Abuse

Hahahaha,
I am right to say that men are egoistic, insensitive and thinking he is right all the time. Whose fault when salary cannot catch up with the cost of living and house price, when Malaysia have plenty of land? Government, Greedy developer, Stingy boss that pay peanut, Failure of education to prepare graduate with upward mobility, Quota system, fault of individual and etc?

Posted by stockraider > 2019-06-27 10:53 |

Post removed.Why?

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-28 18:08 | Report Abuse

This is how stupid middle class people with low class thinking works. They only think about themselves. Unwanted excess properties?? What does that even mean? The only reason why it is unwanted is because no one can afford to buy it.

Why don't you ask why build expensive properties in the first place?

Brainless office boys who got lucky aleays think in mindless ways.

Housing should not be a source of speculation. The are many ways to improve Malaysia economy. Why use a method which takes advantage of the poor?

>>>>>>>>

People come here to pick up the unwanted excess properties that will help the msian economy, why talk childish cock & oppose it leh ??

Posted by stockraider > 2019-06-28 18:25 | Report Abuse

Rubbish loh...who is talking about themselves leh ???

This is Economics 101....for the benefit of poor nation like msian mah.......!!

If u r poor in managing your economy ...then u manage your assets & resources, it is as simple as that mah...!!

Selling property...unlike selling your natural resources away..for example China cannot ship your land and building back to china mah...they must put their investment to productive use...thus benefit msian as a whole nation loh...!!

Use your brain think...don talk cock loh....!!

Don forget if people have monies....they can buy anyway in the world not necessary from msia mah....thus do not be too proud...we should welcome them to invest here loh....!!

Posted by (US/CHN trade war doesn't matter) Philip > Jun 28, 2019 6:08 PM | Report Abuse

This is how stupid middle class people with low class thinking works. They only think about themselves. Unwanted excess properties?? What does that even mean? The only reason why it is unwanted is because no one can afford to buy it.

Why don't you ask why build expensive properties in the first place?

Brainless office boys who got lucky aleays think in mindless ways.

Housing should not be a source of speculation. The are many ways to improve Malaysia economy. Why use a method which takes advantage of the poor?

>>>>>>>>

People come here to pick up the unwanted excess properties that will help the msian economy, why talk childish cock & oppose it leh ??

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-29 08:15 | Report Abuse

Argue for the sake of arguing. Many ways of investing, many ways of improving economy not necessary with speculation on property. You try and go buy Singapore HDB flat la. If not for HDB, Singapore house pricing long ago become unaffordable.

Invest yes, no problem. Feed the housing bubble which will only buy Malaysians in the long run, NO!

THAT'S WHY IDIOTS LINE STOCKRAIDER WHO ONLY SEE SHORT TERM WILL NEVER BE RICH. ONLY BUY LOUSY COMPANIES LIKE SAPURANRG AND THINK OF RM3 IN 3 YEARS 3 MONTHS. TALK COCK, NO BRAIN? YOU ARE THE ONE WHO DON'T THINK PROPERLY. ONE DAY IN THE FUTURE WHEN YOU KIDS GROW UP AND ASK YOU FOR 3 MILLION TO BUY A FLAT, THEN YOU WILL KNOW THE COST OF YOUR " LET FOREIGNERS INVEST IN HOUSING" REMARKS.

BRAINLESS OFFICE BOYS WILL NEVER LEARN THE DIFFERENCE BETWEEN INVESTING AND SPECULATING.


>>>>>>>>>>>

Don forget if people have monies....they can buy anyway in the world not necessary from msia mah....thus do not be too proud...we should welcome them to invest here loh....!!

Posted by stockraider > 2019-06-29 10:18 |

Post removed.Why?

Posted by DickyMe > 2019-06-29 10:47 | Report Abuse

Malaysia My 2nd Home is a scam to cheat foreigners. There are multiple entities with selfish intent with this programme. On the surface it looks like promoting Malaysia as a safe heaven for gullible foreigners. The real truth behind all these scam is to milk dry foreigners of their money with exorbitant price for shoddy piece of concrete block. They are also heavily "taxed" with mind boggling monthly maintenance fees.

This scam was introduced during Dr. M's period and was enhanced after him to feed parasites of the previous government. This cut throat programme benefitted some civil agencies, housing DEVELOPERS, POLITICIANS, BANKS and construction companies.

With politicians involved, developer became bold and never cared about citizens of Malaysians who clearly cannot afford to own these home. Sharks were fed with money and general public had to depend on government for cheaper homes.

This programme must be abolished because it does not benefit majority of Malaysia but feeds selfish entities. These are the traitors without any social responsibility.
*Foreigners drive up house prices.
*Developers only cater high end house and neglect the social obligation and puts the burden on government.
* With high end home, mostly condominiums, monthly maintenance is "free money" for parasites operating RM2 companies in the name of Facilities management. They are there not to serve but to gather money and neglect their responsibility. These companies often change hand. Condo dwellers will be left high and dry when comes to lift maintenance, home repair, garbage collection, security etc.
* Majority of Malaysians can only dream of owning a home. If a purchase is made they will be paying till death and unsure if the loan will be fully settled. 25 to 35 years is a long period to repay bank loan. There is no job security and jobs are not permanent these days. Economy stability is another issue hence existence of employer's company is also tricky.

Posted by stockraider > 2019-06-29 10:53 |

Post removed.Why?

Posted by stockraider > 2019-06-29 11:04 | Report Abuse

Btw Msian cannot afford buy luxury properties bcos their income not high enough loh...!!

Why salary loh ??
Bcos msian not competitive mah....!!
Thus need to keep salary low loh....!!

Why cannot pay better ??
Bcos company cannot make enough to justify & cover higher pay ....as msian not competitive....thus to compete need to keep the pay at low maintainable level loh....!!

Getting more rich foreigner here, will keep the economy robust and create more jobs & opportunity loh...!!

If only Msian govt has more foresight and treat the foreigner investors better loh....msia will progress better mah...!!

Posted by lachai2004 > 2019-06-29 11:19 | Report Abuse

To prevent our properties being speculated by MM2H successful applicants, the PH government should increase the monthly income, fixed deposit and property price thresholds. Probably, the monthly income of RM20k, FD 2 millions and property's price of RM 2 Millions!

Posted by lachai2004 > 2019-06-29 11:25 | Report Abuse

By increasing the above thresholds for the applicants, the yearly successful applicants will be reduced by estimated 2/3 or from 2000 plus to 600 ^o^^o^

Posted by king36 > 2019-06-29 11:28 | Report Abuse

Posted by DickyMe > Jun 29, 2019 10:47 AM | Report Abuse

Malaysia My 2nd Home is a scam to cheat foreigners. There are multiple entities with selfish intent with this programme. On the surface it looks like promoting Malaysia as a safe heaven for gullible foreigners. The real truth behind all these scam is to milk dry foreigners of their money with exorbitant price for shoddy piece of concrete block. They are also heavily "taxed" with mind boggling monthly maintenance fees.

This scam was introduced during Dr. M's period and was enhanced after him to feed parasites of the previous government. This cut throat programme benefitted some civil agencies, housing DEVELOPERS, POLITICIANS, BANKS and construction companies.

With politicians involved, developer became bold and never cared about citizens of Malaysians who clearly cannot afford to own these home. Sharks were fed with money and general public had to depend on government for cheaper homes.......

DickyMe, Agree with you.
Dr. M should do something to unwind those devastating policies he implemented earlier.
He should try to stamp out corruption, racial favoritism, bureaucracy such as approving license authorities and make them into a one-stop agency.
We started off as one of the 4 tigers in SE Asia.
Now we are falling behind further and further with 60 years of BN rule and many of our neighbors are catching up and by-passing us.
Will he leave a good legacy in our history book is his own choice.
Time is not on his side - he is 94 years old already.
I keep my fingers crossed and pray...

Posted by DickyMe > 2019-06-29 11:28 | Report Abuse

It's simple. Governemnt can sell property to foreigners provided minimum purchase is USD3 million (note USD$ not RM) with 100% tax on the home price(not sure what it's called).

This may kill developers. But it's better for the future of Malaysians. Better developers die instead of Malaysians.

Posted by stockraider > 2019-06-29 11:33 |

Post removed.Why?

Posted by stockraider > 2019-06-29 11:39 |

Post removed.Why?

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-29 11:46 | Report Abuse

Don't be so fucking stupid. Malaysia can build lots of property? Malaysia developers is borrow money from uneducated public and build.

In every other "successful" countries the program is developer build first then sell. In Malaysia is sell first then build. Developer no money also can inflate valuation of property just like talamt and asianpac to scam buyers into buying and taking bank loans on property that cant even complete.

If you want to follow other countries then follow totally la. In Australia profit margin for developers is below 30%, and they don't touch money from buyers. Money is put into a trust, and developers must complete project first then can collect money from buyers.

That is called investing.

In Malaysia almost any Tom dick and Harry with a piece of land charged to the bank can call themselves a developer, draw up a plan and sell a property out of thin air. If this is not speculation, I don't know what is. The profit margins of developers are so grossly overvalued you won't believe it.

Stockraider is a BRAINLESS sorchai office boy who thinks he knows what is good for the country.

Then go ahead, put all your net worth into SAPURANRG, and sink like the stone brain you are.

Whatever answer other people give you, you only see what you want to see, instead of what is there.

So go ahead, go hug your pastor Calvin tan and follow him all the way in to TALAMT, sapura, PROTASCO, and all those "wonderful" sucks which you think are so great.

Have a great life working for the rest of your life for others.

Posted by stockraider > 2019-06-29 11:55 | Report Abuse

This Philip is not only stupid but naive too loh....!!

This is normal mah....property glut....bcos during good boom time business is good with big demand....they build & build mah....!!

The same thing apply to USA why there have subprime in 2008....it is bcos of good time loh....!!

Now bad time...stucked affecting the economy & eventually everybody loh....!!

We need to solve the problem & not talk cock loh....!!

Posted by (US/CHN trade war doesn't matter) Philip > Jun 29, 2019 11:46 AM | Report Abuse

Don't be so fucking stupid. Malaysia can build lots of property? Malaysia developers is borrow money from uneducated public and build.

In every other "successful" countries the program is developer build first then sell. In Malaysia is sell first then build. Developer no money also can inflate valuation of property just like talamt and asianpac to scam buyers into buying and taking bank loans on property that cant even complete.

If you want to follow other countries then follow totally la. In Australia profit margin for developers is below 30%, and they don't touch money from buyers. Money is put into a trust, and developers must complete project first then can collect money from buyers.

That is called investing.

In Malaysia almost any Tom dick and Harry with a piece of land charged to the bank can call themselves a developer, draw up a plan and sell a property out of thin air. If this is not speculation, I don't know what is. The profit margins of developers are so grossly overvalued you won't believe it.

Stockraider is a BRAINLESS sorchai office boy who thinks he knows what is good for the country.

Then go ahead, put all your net worth into SAPURANRG, and sink like the stone brain you are.

Whatever answer other people give you, you only see what you want to see, instead of what is there.

So go ahead, go hug your pastor Calvin tan and follow him all the way in to TALAMT, sapura, PROTASCO, and all those "wonderful" sucks which you think are so great.

Have a great life working for the rest of your life for others.

Posted by 3iii > 2019-06-29 12:18 | Report Abuse

>>>>


Stockraider is a BRAINLESS sorchai office boy who thinks he knows what is good for the country.

Then go ahead, put all your net worth into SAPURANRG, and sink like the stone brain you are.


>>>>


Philip,

Don't waste time with raider. He is the most stupid person I have encountered in these forums.

Spend your time more productively elsewhere.


3iii

Posted by stockraider > 2019-06-29 12:30 |

Post removed.Why?

Posted by Sslee > 2019-06-29 12:40 | Report Abuse

Hahahaha,
Men will always behave like men. A sensible and practical way suggested by TA Global Bhd's non-independent and non-executive director Datin Alicia Tiah to solve the Property Overhang problems face in Malaysia and free up capital is now turn into war of words by men and degenerated into derogatory name-calling and as if office boy has no place to voice his opinion.
If you are so intelligent please suggest your practical way to solve the property Overhang problems?

Posted by stockraider > 2019-06-29 12:42 | Report Abuse

Very sensible and honest comment by sslee...raider totally agree loh...!!

Posted by Sslee > Jun 29, 2019 12:40 PM | Report Abuse

Hahahaha,
Men will always behave like men. A sensible and practical way suggested by TA Global Bhd's non-independent and non-executive director Datin Alicia Tiah to solve the Property Overhang problems face in Malaysia and free up capital is now turn into war of words by men and degenerated into derogatory name-calling and as if office boy has no place to voice his opinion.
If you are so intelligent please suggest your practical way to solve the property Overhang problems?

Posted by stockraider > 2019-06-29 14:01 |

Post removed.Why?

Posted by stockraider > 2019-06-29 14:34 | Report Abuse

U need to understand the constraints and limitation of this statement by Philip loh...!!

WHICH WILL MEAN HIGHER COST OF PROPERTY & TRANSLATING TO HIGHER SELLING PRICE, IF U R NOT CAREFUL, LIKE IN THE CURRENT MARKET CONDITIONS, MAY RESULT IN HIGHER EXCESS UNSOLD PROPERTY LOH.....!!

CANNOT SOLVE THE PROBLEM....BCOS THIS IS NOT THE SOLUTION, BCOS OUR CURRENT PROBLEM IS DUE TO LACK OF BUYERS AND NOT DUE TO HOW U SHOULD BILL YOUR BUYERS LOH....!!


Posted by (US/CHN trade war doesn't matter) Philip > Jun 29, 2019 11:46 AM | Report Abuse

Don't be so fucking stupid. Malaysia can build lots of property? Malaysia developers is borrow money from uneducated public and build.

In every other "successful" countries the program is developer build first then sell. In Malaysia is sell first then build. Developer no money also can inflate valuation of property just like talamt and asianpac to scam buyers into buying and taking bank loans on property that cant even complete.

If you want to follow other countries then follow totally la. In Australia profit margin for developers is below 30%, and they don't touch money from buyers. Money is put into a trust, and developers must complete project first then can collect money from buyers.

Posted by stockraider > 2019-06-29 14:43 | Report Abuse

THE FOLLOWING REFLECT THE PROBLEM OF PHILIP & 3iii LOH...!!

Posted by calvintaneng > Jun 29, 2019 12:58 PM | Report Abuse

This Philip as well as 3iii both got inferiority complex

Instead of talking about ideas or recommend good companies to invest in their job is to go round and find fault with others

Belittle others like calling people office boy.

Especially the 3iii now like an old grandma = bankrupt of fresh investment ideas. Going about bearing tales.

Posted by stockraider > Jun 27, 2019 10:42 AM | Report Abuse X

CORRECT LOH....THIS 3iii IS THIS SORT OF PERSON AS DESCRIBE BY CALVIN LOH....!!

HE IS NEGATIVE & LIKE TO PICK FIGHT WITH PEOPLE LOH....!!

They say

Great minds talk about ideas
Good minds talk about things
Weak minds talk about people

NOW ONLY THAT ....HE PICK UP UNNECESSARY FIGHT WITH OTB, SSLEE AND ICON LOH....!!

BUT THESE PEOPLE ONLY HAVE A DIFFERENT INVESTMENT APPROACH WITH 3iii AND 3iii CLAIMING THEY ARE DISHONEST LOH...!!

THEY ARE MANY WAY THE SKIN A CAT MAH...!!

3iii IS NOT RATIONAL LOH....!!

Posted by PureBULL . > 2019-06-29 15:15 | Report Abuse

Most importantly,

WELCOME TO THE GREATER FOOL GAME in stock mkt.

The Smart will always lose money.
The Greater Fool will win most of the time.

The FOOL will lose some of the TIME ...

Posted by chinaman > 2019-06-29 15:22 | Report Abuse

MY property industry growth is unsubstainable. How many locals are construction workers? Mostly i guess are Indon whom find hometown salary similar to MY. Now, Kulasegaran express intension hire S. African to replace Indon. If MY construction workers mostly local, paid decent salary, by default they become strong property buyers, no such glut happen now. All is Karma, own doing. Property overhang now force developers to accept BTS by default. wakaka

Posted by stockraider > 2019-06-29 15:27 | Report Abuse

That is precisely, what sifu calvin advice people to beware of the GREATER FOOL GAME loh...!!

By asking people to buy cheap....with Great Margin Of safety loh...!!

And to avoid buying overvalue stock like what Philip and 3iii advising people to buy....claiming quality business with PE 50x & above loh..!

Remember business no matter how good if u overpay it can be a bad investment loh.....!!

Posted by PureBULL . > Jun 29, 2019 3:15 PM | Report Abuse

Most importantly,

WELCOME TO THE GREATER FOOL GAME in stock mkt.

The Smart will always lose money.
The Greater Fool will win most of the time.

The FOOL will lose some of the TIME ...

Posted by 3iii > 2019-06-29 16:08 |

Post removed.Why?

Posted by 3iii > 2019-06-29 16:21 |

Post removed.Why?

Posted by calvintaneng > 2019-06-29 16:55 | Report Abuse

Hahaha

Grandma 3iii now parroting and repeating my posts

LOL!!

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-29 17:24 | Report Abuse

You will notice only stockraider can push me to feel so angry at the level of the impractical stubbornness. When one trolls for the sake of trolling, nothing much can be learned. and worse still when that brainlessness leads others to follow suit.

Very much like Donald trump. He thinks the trade war will benefit America in the long run, and punish china.

He does not realize the ones paying the tariff are the local American importers, and the ones suffering are the American manufacturers that rely on cheap goods from china to manufacture goods cheaply to export overseas.

>>>>>>>>>>

R u not as cool n calm as equanimity in dealings, always ??

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-29 17:54 | Report Abuse

Property overhang problems are not caused by lack of buyers, it is caused by greedy developers that wish to get the most bang for buck, and try to sell property at the highest price to make money.


my answer is very simple:

1) follow what is practiced at 1st world countries. Shift the system from sell first then build into a build first and sell system (similar to Australia etc). This introduces 2 benefits:

a) developers will be inclined to build what will really sell first and sell it at reasonable prices (as they need to build what people want to buy), making sure that there is enough buyers in the market to stop overheating and make sure supply and demand is at parity.

b) introduce a separate third party fund where buyers will put their money (and receive interest), which cannot be touched by the developer until the project is completed. This is to ensure that only qualified developers construct what they are capable of, do not bite more than they can chew, and ensures construction of trustworthy and reliable property that will last. no more overleveraging of developers to build unnecessary projects.

c) with the reduction of property overhang (speculation), there will be more resources and a search for better alpha, aka more individuals will be inclined to put money into good use in fixed deposit and bonds (for government to use in industrial, education, infrastructure and commercial projects to attract foreign investors), more money into stock market (to help growing and hardworking companies grow and get funding to grow their business and market and compete internationally).

One very good example is Yinson, hartalega and topglove, they could have transitioned from bus/rubber company into a development company (like scientex), but they transitioned into a fpso company and grab jobs internationally and pay taxes and dividends locally. On top of that, with money from institutions, bonds and individuals to help them raise more money, they are able to get more international orders and bring in the dividends from profits gained back into Malaysia.

Who benefits from property companies like TalamT? Asiapac?

Too much of just one thing is bad for the economy.

I believe money should be moved out from the property sector into growing our manufacturing and export sector. We need to stabilize the market from residential into a more balanced economy.

It can be done.


Imagine what would happen if we gave near unlimited capital to wonderful bursa companies to take on the world? What would happen then?

Samsung. Hyundai. Daewoo. Petronas. topglove. Hartalega. HapSeng. QL. Yinson. VS. United plantations. old town coffee. Inari. Liihen.

Imagine if we could help all those companies grow and export their talents internationally. the dividend inflow to Malaysia would increase the cash flow of Malaysians tremendously.

Lego.


>>>>>>>

If you are so intelligent please suggest your practical way to solve the property Overhang problems?

Posted by DickyMe > 2019-06-29 18:05 | Report Abuse

Just waiting for sub prime crisis. Too many devastative financial gaps yet to be uncovered. The day the skeleton is out, it would be a big mess.

Malaysia is held back by the state because the self-promoted privileged race is worried of being left behind. Growth of Malaysia is held at ransom by politicians. Even with change of government, it is still continuing bad policies. To reelect the old architect of RACIST policy as PM is the major problem for the present government. Dr. M must leave!

Posted by Sslee > 2019-06-29 18:43 | Report Abuse

Dear philip,
Good suggestion but the reality is the greedy state government that push the land price to such a high level and policy of requiring developer to build infra, quota, reserve and etc that push up the price of property. Like Australia if land is available at cheaper price then many developers will be very happy to be able to earn below 30%. How many developers are earning that %. Only banks are laughing all the way to their bank.

Posted by Sami_Value > 2019-06-29 21:22 | Report Abuse

I think the state government don't have anything to do with the land price. The land price appreciates due to the readiness of the major infrastructures. If you go hulu-hulu location like Bukit Beruntung, the land prices are still very cheap relatively, just that the infrastructures are lacking & not many people wanted to go there as the choices of employments are limited.

Building the infra & the land reserve is compulsory as part of the township planning. If the developers built on the property without the infrastructures like the road, street light, drainage, recreations green area, etc. Do you want to buy this kind of development & expect state government to built the rest ?

This blaming on government attitude, looks like the previous opposition reap what they sow now. Everything, blame government first. Malaysia boleh attitude.

Posted by Sami_Value > 2019-06-29 21:49 | Report Abuse

Those overhang units, niamah if don't have the market, why built it in the first place ? If overhang so long, it only means the locals cannot afford to buy the overhang units. If government really open the tap, the developers will built the units for foreigners market again.

The majority of the developers go for high end development because the profit margin for high end development is higher. You sell in the range of hundred units, your hit your annual sales target. If they do the low cost or medium cost units, they need to sell in thousands units to hit similar target.

Imagine 1 unit RM 1 mil compare to affordable range of RM 250k /unit, they need to sell almost 4 units for same sales target. One less effort, the other one need more effort. If you are developers, of cause you will one to be targeting the eng eng work.

Posted by Sami_Value > 2019-06-29 22:11 | Report Abuse

Even though I don't like the idea but if you have exhausted all the other options, relaxing the foreign ownership might be the only option left for the current dire economy situation. When the property sector move, a lot of the other related sectors will move.

Nevertheless, how can we ensure that this will not end up as habitual / long term policy for foreign ownership which put our own people house ownership at stake ? There must be mechanism to ensure it is one off even for current overhang units only so that the developers can start building something that our people can owns in future development.

The cock minister promotion of taking 2 spoons of palm oil are not doing any help to our palm oil industry. Asking hoteliers to promote palm oil also don't do any effect la wei. If you can get the medical officers to endorse - medically proven, the palm oil is healthy, then it is different story.

Posted by stockraider > 2019-06-29 23:11 |

Post removed.Why?

Posted by moneypedia > 2019-06-29 23:28 | Report Abuse

woi penat nak scroll woiiii

Posted by stockraider > 2019-06-29 23:46 |

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Posted by stockraider > 2019-06-29 23:58 |

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Posted by 7300 > 2019-06-29 23:58 | Report Abuse

don't know how to pay with high gearings n diminishing values for huge oversupply mismatch coming years

https://www.thestar.com.my/business/business-news/2019/06/29/overhang-value-exceeded-600-over-five-years/?fbclid=IwAR15WVmDzjvI28_E2JYtFeE8S-O2k25ITM-MRVKPRWPVUl7NshcLx4J5ndo#jL5hwJXZX6JGwfQO.99

Posted by moneypedia > 2019-06-29 23:59 | Report Abuse

aiyoo tibet monk suka panjang2 woiii