Before I posted this blog, I have shared most of this edition information with my Affordable Property Investment Seminar participants for the past few days. I was waiting for any kind of feedback, question or respond from any of them. However, none of them done so in the group mailing list. May be most of them are too busy with daily Rat Race that they don't have time for themselves. They have time for other people either their employers or customers. Yet, they don't seem to have time for themselves! That is the tragedy for being a full time employee when very little investment was done. As I shown in my previous blog, the more investment you have done, the more time you have for yourself. Hence, the less miserable your life will be. Your 'extra' time can be used for charity, religion, volunteering or other passion you like.
However, if you have time reading so many material over the Internet, yet you do not know what you do not know, or you do not know what to ask that mean you still have a long way to go to be a successful property investor. I always remind myself, to make any property investment, knowledge is always the key. Capital is the fifth. Schools and universities didn't teach us to be a business owner. We were trained to be a good employee. Worst, they don't teach you to be a successful investor. But, they taught you how to manage funds for other people. It is up to oneself to learn those additional knowledge from successful people or seminars. Some people are more suitable to learn from a seminar by asking the right questions. If you do not know where to start, you can read my previous blog or enter as many basic and intermediate property seminar as possible. You better write down all your doubts or inquiry while they are still fresh and find opportunity to ask in seminars, mentors or experience people.
However, if you are an introvert person, chances are after you have read so many material and attend many seminars, you still do not know where to start. If you still have no sufficient confident to proceed, you better sign up or look for a mentor. You need a third party to evaluate the property you want to invest so that your emotion cannot dissuade you from making the correct investment. You can show your plan to a mentor so that the mentor can criticize your plans and strategies to improve them further. An experience mentor can also quickly accessing and evaluating your strength and weaknesses so that both of them can be used to achieve your investment goals. I was glad some of the participants were willing to meet me in person to discuss their concern. Most of them will be surprised how within an hour of discussion, many strategies, tactics and plans can be formulated specifically based on their background. I hope they will keep seeing me until one or two properties investment were made.
There were only three
developers who offer attractive landed affordable house:
1. Mutiara Rini at Taman
Mutiara Rini, RM220,000, Semi-D, 30' X 50'
2. UEM Sunrise at Taman
Nusa Bayu, RM175,000, Cluster, 28' X 60'
3. SP Setia at Setia Eco Garden, RM140,000, Terrace 18' X 60'
You should see their exact location using Google Map so that you can evaluate their future potential. Mutiara Rini is close to Nusajaya while Nusa Bayu and Eco Setia Garden are just next to Nusajaya where all of them are getting expensive every week. How expensive have they becoming? I bought a two storey shop lot in 2008 for RM306,000. Last month, Mutiara Rini had just launched a new shop lot (Phase 1M) which is in the same area with my shop. For two storey intermediate, the price is RM1,388,000! For three storey corner lot, the price is RM3,800,000. Anybody interested to buy my shop should contact me ASAP or else I will sell mine in the future for more then these new prices! :)
Looking at how much profit the developers can get from the new phases, they definitely can afford to offer landed affordable houses. Actually, Mutiara Rini was the first developer who offer various types of landed affordable houses. I attended the launch event officiated by former Johor Menteri Besar Datuk Abdul Ghani Othman on Jun 2012.
The pictures for Taman Nusa Bayu, UEM Sunrise Bhd are in sequence of:
b) 2013-12-01 15.59.15.jpg - masterplan of the affordable house, below
c) 2013-12-01 16.03.40.jpg - side view
d) 2013-12-01 16.03.48.jpg - top view
e) 2013-12-01 16.03.58.jpg - front view
f) Cluster 28' X 60'
Do you know how to buy property with almost ZERO (0) deposit? Or 100% loan?
Their 1st phase of Semi-D or cluster houses were sold around RM400,000 to RM450,000. So, the offer price for the affordable cluster house is very cheap.
The pictures for Eco Garden, SP Setia Bhd are:
a) 2013-12-01 16.13.46.jpg - Eko Impiana, RM140,000
b) 2013-12-01 16.19.43.jpg - front and side view
c) 2013-12-01 19.54.33.jpg - front and top view
d) 2013-12-01 19.54.54.jpg - top view
e) Terrace 2 floors, 18' X 60'
The offered price is very cheap considering that for a two storey 20' X 65' gated guarded house was sold for RM380,000!
e) Terrace 2 floors, 18' X 60'
The offered price is very cheap considering that for a two storey 20' X 65' gated guarded house was sold for RM380,000!
What are the conditions in order to qualify to buy these houses?
a) If you already bought a house, the existing house must be bought below RM100,000 and for more than 10 years.
b) Salary below RM3,000, RM4,000, RM5,000 and RM6,000 (depend on the property price you want to buy)
c) Married people are top priority though singles can also apply
d) The affordable house cannot be sold within 10 years.
e) For other details you can refer to SUK Perumahan Johor.
e) For other details you can refer to SUK Perumahan Johor.
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Here are some of the analysis you have to make:
a) location
b) attractiveness
c) growth potential
d) accessibility
e) affordability (there are many levels of affordability if you know how)
f) others
2. Why are these factors important? You should formulate your own plans to achieve these interesting and valuable investment. If you cannot do at least the above basic analysis, you should attend my Intermediate Seminar on Affordable Property Investment. If you think you don't have sufficient income to buy the advertised affordable houses, you are in serious trouble. You should attend my Basic Seminar on Affordable Property Investment. You can also subscribe my mentoring program so that I can guide you personally how to formulate your strategy, tactics and evaluating potential properties to be invested. It is better to invest on me (or other mentors) to tap my experience and expertise rather than making a huge investment mistake and carry along the wrong investment for almost the rest of your life!
3. Based on your affordability, formulate several strategies based on your
current understanding how you can buy the house if your income is:
a) RM3,000 b) RM4,000
c) RM5,000
d) RM6,000
4. What is the impact of these types of houses to your property investment?
I give you a hint by showing the picture of people queuing to register their names at SUK Perumahan Johor counters. a) 2013-12-01 17.24.25.jpg
b) 2013-12-01 17.24.43.jpg
c) 2013-12-01 17.24.48.jpg
d) 2013-12-01 17.24.55.jpg
e) 2013-12-01 17.24.59.jpg
f) 2013-12-01 17.25.04.jpg
Why do you bother to buy affordable house whereas you can buy a bigger house with 100% loan and guaranteed income?
And be mindful, this was in Sunday afternoon around 4 pm. You can image the same number of people who attended and registered from Friday to Sunday, and from morning to afternoon!
Better have a headache to plan your property investment rather than a headache after made the investment
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