Jump to content

HP_Lee

Member
  • points

    3,456
  • Content count

    3,282
  • Joined

  • Last visited

Community Reputation

3,456 6th Gear

About HP_Lee

  • Rank
    6th Gear
  1. HP_Lee

    Property in Johor

    Just an add-on. Find out who are the future new owner are. Mainly locals or foreigners or investors? If you have many foreigners/local investors buying the development, this is a bug-bear if one plan to rent out. One should not buy into more than RM500k investment and expect to rent out to locals. Who will rent such a expensive unit? Unless there are MNCs corporate willing to rent for their upper management teams that is contracted to work nearby MNCs for few years, that may enable to rent out to. I know is a difficult job to look around and need a pair of strong legs. A few may able to find yields as high as 7% to 9% in Malaysia. Every country have a way or 2 to invest in properties. It is how, one knows the market of it's own. So if those who are comfortable to just for the 2% or less yield, than Singapore is the way to go. Unless one really uncovers gem like property, which is a tough fight with so many investors going for the same pie. This eventually, leads to thinning of yields, and barely have any buffer if things turns.
  2. HP_Lee

    Property in Johor

    It is very sad to see these people any-o-how invest property, based on following the herds. A RM 1million condo is way over priced in Malaysia.Worst still for those who bought into attractive township sold by various developers. Is not that we better to invest in Malaysia properties. I have seen people invest in Singapore condos, but ended up unable to get rental yields to cover the loan and maintenance of property. Is all about how to invest property in a well-thought of the downsides, rather than looking forward the upsides. I have a few friends that managed this well, due to their experience in Malaysia JB properties. Here are some advise for those who want to invest in Malaysia properties : 1. Never buy condo for more than RM500k. Average local middle income earnings, that is the limit. This is to allow you to sell not only to foreigners, but to locals too. 2. Buy into smaller number of units of a development. For example , not more than a few hundred units. 3. This said development , must be near many eateries and supermarkets serving mainly nearby critical mass of residents in mature estates that is already supporting the shops. But not the large shopping malls around that may in-turn make the place too noisy with traffic jams. This naturally becomes an unsafe place, where all kinds of people coming around. 4. The development must not be near to many other developments with huge number of units. It have to be mature development around. 5. Development that is near 10 - 15 mins drive to major industrial with many MNCs. If there is an airhub better still. But do ensure flights does not fly over the development, and is of a distance 8km -10km away. 6. Hitting expressways of not more than 10 - 15 mins away. Singapore property have own set of problems. Majority condo developments are targeted mass market. Many have flocked in between 2013 - 2016, paying as high as 900k of a 450 Square feet unit. How they find it hard to rent out, or rent at negative yield after all loans and maintenance deducted. Those who bought bigger units are also facing near negative yield after all loans and maintenance deducted, as of today. This group of property investors are mostly middle income earnings, praying that they don't lost their jobs, and sleepless nights for those on tight cash flows. So don't follow the crowd. This have been the biggest weakness in human. I have to do much leg job and homework. Always look at the downside first, follow-by upside will take care of itself. Ever it things turn bad, one is already prepare with enough buffer ahead, by not throwing large investment blindly.
  3. HP_Lee

    Kia Cerato GT Line Owners Check In

    Ok. Say no more. I am heading to showroom .
  4. HP_Lee

    Kia Cerato GT Line Owners Check In

    Owners of Cerato GT, can share what is the minimum and maximum speed for manual 2nd , 3rd and 4th gear? Reason is to avoid taxing the gear box. Thanks
  5. HP_Lee

    COE Bidding - 1st Round July 2019

    In a capitalistic society, is normal to see small percentage of higher income bracket. Not only in Singapore. Is happening round the world. E200 leh. My C180 can climb, what's the problem with E200? Just that maintenance cost is almost 2.5x of my Cruze 1.6L.
  6. HP_Lee

    COE Bidding - 1st Round July 2019

    We all learn from mistakes in life. Aleast you are aware and change. But sad to say, we are still seeing people over leverage.
  7. HP_Lee

    COE Bidding - 1st Round July 2019

    From what I know of people that I know around, there are many. They range from en-block , self-made and passing down from parents.
  8. HP_Lee

    COE Bidding - 1st Round July 2019

    That's very real, in today's context. Parents passed away, children fight for share. Very common case today. But one have to strike a balance in spending. I can see many borrow heavily and ended broke.
  9. HP_Lee

    COE Bidding - 1st Round July 2019

    Agreed. That's what happened to my C180. After 6 years, the up keeping cost is almost 2.5x of my Cruze. As mentioned before and talking to mechanics , if one plans to buy conti cars, whether is entry BB or high end, they know they may not keep more than 5 years. This mainly due to escalating maintenance cost. Unless one have deeper pockets. On the other side, Japs and Korean make, we can still see many renewing COEs. This is a good measure on how reliable the make.
  10. HP_Lee

    COE Bidding - 1st Round July 2019

    Tend to agreed, mainly on face matter for the locals. Buy first, money settle later. This are pragmatic bunch like me. Ultimately, is one decision on how to allocate money and expenses. Some care more for retirement while others live life day by day.
  11. HP_Lee

    COE Bidding - 1st Round July 2019

    Entry level BB conti brand , are for those wannabe conti status. But nowhere near. End up paying high price and higher maintenance. The upper class will go for premium range of conti cars, not the entry level. If one is middle income, it is advisable not to over spend on entry level conti cars. Is better to get a upper range of the Japs and Korean made. Now, those cars are better built than before. It is gaping up in terms of safely aspect. Some comes with 6 to 7 airbags and better steel structure. Anyway, whatever cars it is. Once out of the showroom , eventually is heading towards scrap value. This is Singapore, not other place, that one can keep their cars without renewing a piece of paper after 10 years.
  12. HP_Lee

    COE Bidding - 1st Round July 2019

    Besides those that mentioned, all conti car are like that. Once after 4-5 years, the maintenance expenses shoot-up. Normally, one who used to drive conti cars is preparing to off load after the warranty period. They know the problem ahead. Normally, also this are the people whom above middle income. Deprecation are typical very high. The more efficient and practical cars are still the Toyota , Hyundai and KIA. Honda and Mazda maintenance expenses are generally higher than those 3 mentioned. Do agree, that people tend to look at OMV and forget the running cost along the life time of the the car. So far I see Toyota and KIA striking a balance between OMV and running cost. Maybe to the extend of Hyundai. Understand LTA is going to reduce further COE quota in next Qtr. This period indeed a go time to change car.
  13. HP_Lee

    COE Bidding - 1st Round July 2019

    i personally never like to predict whether is up or down in COE prices. The best closest way , is the see the economic condition, gov. policy (example ERP2.0) that is coming, and with the additional new kid on the block, "Industrial 4.0 and IA" improvements, had made many PMETs' careers either redundant or reduce dependency on junior PMETs' that have just came up to join the wrok-force. Lastly raising numbers of U-graduates could not find the right job matching. This maybe due to lagging changes evolve round our education system, to match ever fast changing environment and technological advancement that we witness the last 5 years. Whatever courses one taking up today, there is a higher chances of not matching future needs upon graduation. The trump thingy, may not feel it now. But does affect us eventually when the changes of the supply chain that we have been enjoying for the pass 2 decades. People will start losing jobs along those supply chains.
  14. HP_Lee

    COE Bidding - 1st Round July 2019

    Yes are close to this. This Q-Q reported and increase in retrenchment to 3000+ as comapred to 2000+ last year. This mainly due to industrial 4.0 and better AI software availability, that have replace PMETs. In terms of percentage share of the retrenchment last reported, PMETs took almost 80% of the share. This group are normally middle class car buyers. Unless Go-jerk come in a big way. But doubt so, due to the PHV market had stabilized and the benefits to driver are not as attractive as before. This make many thing twice. With the new ERP 2.0 implementation next year, may drive up further running cost of owning a car.
  15. HP_Lee

    Hyundai Elantra or Kia Cerato

    Whatever it is, in general many sharp pointed design or objects, is putting me off. I took great pain to avoid the so call "poison-arrows" in my home and other objects. Not sure of others. I am not sure of others. Is just my preference and just putting me off on sharp edges and designs.
×