This is probably one of your most honest and insightful content videos. It's a very valid scenario that there were locations that did not live up to their promise and may not even appreciate in the middle to long term. Don't forget if you lose too much blood from bleeding, you also become a corpse.
Hi Sean, thank you for answering my queries. Appreciate your advice. Just to add on my loan balance is about 625k so need to fork out 75k to bank if sell at loss.
Sometimes must remind buyers of the freebies actually costs someone $$ and if you benefit from it, it must be calculated for a wholistic picture of the actual price of the property. Not easy to decide rent or sell, but what is needed is rational/logic and remove emotion. IMHO, the evaluation equation shld be [Rental (on a decreasing scale)+ Hope (of capital gain)] vs Exact selling price/cost (as per Sean's awesome advice) ... things become clearer... Good video!!! And I always believe in the tag line from the movie Margin Call when you need to exit. The full quote is, “There are three ways to make a living in this business: be first, be smarter, or cheat. Well, I don’t cheat. And although I like to think we have some smart people here. It sure is a hell of a lot easier to just be first”
In short, property is not the best investment. Even tenancy also got lapse in between. Not a bed of roses . Always remember its location location location and not overpriced.
Cut short , if your rental can cover monthly interest, maintenance and don’t mind hassle keep change tenant then leave as it is and sell when market ready at 700k maybe many*100 years lol . If rental can’t cover interest or partial interest , you do the math luo each year lost how much on interest and maintenance cost. I walked the path , if I sell below market value at 8 years ago , I just lost 50-60k but I choose rent it out instead and “pray” market value back to snp . Took me 8 years to wake up , just sold recently , lost to market I am still fine but I loss to interest and maintenance total dmg 280k. 2000 -2013 market boom the property price able catch up the interest value , most ppl make money but for any new project since 2018 can’t overtook the yearly interest that pay . So sendiri calculate include interest and maintenance so you agak agak able sell at the sum value or not and future plan on HDB.
Good for you. But that’s not for everyone haha:) Also we will need to talk about leverage and total invested amount. 15% out of RM10k is nothing much, but for RM 1mil then it’s super awesome haha;) Thanks for sharing yea!!
I'm suffering the same dilemma. Worst developer ever, low quality.. one block is still vacant till today and maintenance is horrific. I blindly followed a friend 6-7yrs ago thinking that the development was in Bukit Jalil (as it was sold as Bukit Jalil).. paying some premium price to find the reality that it's in Seri Kembangan. Been renting it out for 5yrs now with no improvements at all and more problems.😢💔
Dear Sean, since unsure your email address . I would directly ask should a person buy a proprty at KL area or at other state than KL. any advice on this matter. TQ
It’s the same thought process. It’s about the level of confidence you have for the location. Do you think the value of terrace houses there will go up?
imho, I think Setia Alam is a pretty good location for residential area. However to sell it at a profit after tax, I need to wait out for few years for it to happen… that’s when I need to get out of the psychological thing
My opinion is to sell it asap to clear the burden. If the property does not appreciate just sell it unless you are staying in it. The short term loss can be compensated with your present ability to save again since you are working.
Hai Sean Tan, is Sri Rampai area, is it a good area, my intent is for own stay, it seems that i under estimate the overwhelming sounds from neighboring road. I am disappointed and the developer kind of hit and miss from the famous developer as per Show Unit
@@TeysT Owh… so far I know banana… yellow on the outside, white on the inside 🤣. I think Sean’s Mandarin is superb level compared to many Chinese Malaysian, mine included. He can even vlog and review properties and be interviewed in Mandarin… wow.
@@matteolai7804 Don’t misunderstand, it’s not to say Sean’s mandarin is not good, he just don’t sound native. Also, I originally commented because it reminded me of when I was a kid and my parents/teachers got us to memories the multiple table 《九九成分表》
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This is probably one of your most honest and insightful content videos. It's a very valid scenario that there were locations that did not live up to their promise and may not even appreciate in the middle to long term. Don't forget if you lose too much blood from bleeding, you also become a corpse.
Hi Sean, thank you for answering my queries. Appreciate your advice. Just to add on my loan balance is about 625k so need to fork out 75k to bank if sell at loss.
Sometimes must remind buyers of the freebies actually costs someone $$ and if you benefit from it, it must be calculated for a wholistic picture of the actual price of the property. Not easy to decide rent or sell, but what is needed is rational/logic and remove emotion. IMHO, the evaluation equation shld be [Rental (on a decreasing scale)+ Hope (of capital gain)] vs Exact selling price/cost (as per Sean's awesome advice) ... things become clearer... Good video!!!
And I always believe in the tag line from the movie Margin Call when you need to exit.
The full quote is, “There are three ways to make a living in this business: be first, be smarter, or cheat. Well, I don’t cheat. And although I like to think we have some smart people here. It sure is a hell of a lot easier to just be first”
I always leave these videos learning something new. Or at least feeling better about my choices or learning from my mistakes. Thank you 👍
In short, property is not the best investment. Even tenancy also got lapse in between. Not a bed of roses . Always remember its location location location and not overpriced.
Thank you for the very well thought of video. It is amazing how you cover a lot of perspective and made it seem to be unscripted
It is really unscripted hahahaah😅
@@iherng zaym. more impressed now with how you can hold the entire 22 mins talk smoothly and in clear manner!
Cut short , if your rental can cover monthly interest, maintenance and don’t mind hassle keep change tenant then leave as it is and sell when market ready at 700k maybe many*100 years lol .
If rental can’t cover interest or partial interest , you do the math luo each year lost how much on interest and maintenance cost.
I walked the path , if I sell below market value at 8 years ago , I just lost 50-60k but I choose rent it out instead and “pray” market value back to snp .
Took me 8 years to wake up , just sold recently , lost to market I am still fine but I loss to interest and maintenance total dmg 280k.
2000 -2013 market boom the property price able catch up the interest value , most ppl make money but for any new project since 2018 can’t overtook the yearly interest that pay . So sendiri calculate include interest and maintenance so you agak agak able sell at the sum value or not and future plan on HDB.
My ETF portfolio returned 15% last 9 months. I glad I choose this path instead of 2nd property.
Good for you. But that’s not for everyone haha:)
Also we will need to talk about leverage and total invested amount. 15% out of RM10k is nothing much, but for RM 1mil then it’s super awesome haha;)
Thanks for sharing yea!!
I'm suffering the same dilemma. Worst developer ever, low quality.. one block is still vacant till today and maintenance is horrific. I blindly followed a friend 6-7yrs ago thinking that the development was in Bukit Jalil (as it was sold as Bukit Jalil).. paying some premium price to find the reality that it's in Seri Kembangan. Been renting it out for 5yrs now with no improvements at all and more problems.😢💔
city of green?
Thanks a lot for this video. Can I know how to find that valuation that you've mentioned?
sounds like the same problem that I have
How can i submit a question for Sean to review? :O
You can send me an email at taniherng@gmail.com
Dear Sean, since unsure your email address . I would directly ask should a person buy a proprty at KL area or at other state than KL. any advice on this matter. TQ
Thanks for the sharing
Thanks for watching Poovanes:)
how about in petalz residence okr?
What are your thoughts on Setia Alam terrace houses? Encountering similar issues as well
It’s the same thought process. It’s about the level of confidence you have for the location. Do you think the value of terrace houses there will go up?
imho, I think Setia Alam is a pretty good location for residential area. However to sell it at a profit after tax, I need to wait out for few years for it to happen… that’s when I need to get out of the psychological thing
Quite expensive 1.1m for the lastest phase
short term pain long term gain.
Sean, Malaysian buyers are not spoilt - there were poisoned mentally by gurus, years and years of poisoning.
Hmmm, interesting perspective haha:)
why cyberjaya got so many loss?
overprice
@@TheStudio-divalso many MNCs is moving out from Cyberjaya so reduce the need of property.
My opinion is to sell it asap to clear the burden. If the property does not appreciate just sell it unless you are staying in it. The short term loss can be compensated with your present ability to save again since you are working.
I feel for the owner as I'm also in the same predicament in Cyberjaya too.
Hi Sean, would you like to review JESSELTON TWIN TOWERS CONDO in Kota Kinabalu, Sabah?
Very well answered 😁
...you lengzai la i will buy from you...😆
Hai Sean Tan, is Sri Rampai area, is it a good area, my intent is for own stay, it seems that i under estimate the overwhelming sounds from neighboring road. I am disappointed and the developer kind of hit and miss from the famous developer as per Show Unit
It’s funny to hear Sean verbalising the multiplication table 13:06 in his ABC Mandarin. 😅😂
What’s ABC Mandarin? 😂
@@matteolai7804 American Born Chinese 🤣
@@TeysT Owh… so far I know banana… yellow on the outside, white on the inside 🤣. I think Sean’s Mandarin is superb level compared to many Chinese Malaysian, mine included. He can even vlog and review properties and be interviewed in Mandarin… wow.
@@matteolai7804 Don’t misunderstand, it’s not to say Sean’s mandarin is not good, he just don’t sound native. Also, I originally commented because it reminded me of when I was a kid and my parents/teachers got us to memories the multiple table 《九九成分表》
@@TeysT LOL… u know, my Mandarin is no good, but imagine I am working with native China Chinese now. I probably sounds worst than I already am. 🤣
First
2nd
100th
I hv same problem.. need some advice..how to contact u?
taniherng@gmail.com