W
waynehyl
Banned
Hi Lexus,
Do u mean Twins @ Damansara Heights? i know the developer very well!
Do u mean Twins @ Damansara Heights? i know the developer very well!
Hi Yogi,
The so-called "credit crunch" has been fabricated by a load of greedy banks who were over charging poor people for lending them money that they could never hope to repay. When they got burnt, they simply blamed global issues and were not prepared to look at their own short-comings.
Most of these banks are in the Western hemisphere, and lenders in the East have not had to cover their tracks or admit their mistakes/greed.
Consequently banks from the Middle East, Hong Kong, Singapore and Malaysia are still experiencing a healthy demand for finance, do not have to load their interest rates to recoup what they lost through their stupidity/greed and are doing quite nicely thank you.
Average rental yields throughout Malaysia are about 8%, so banks are not all that worried about lending out to clients wishing to invest in BTL properties at rates of about 6%.
As ever, the usual issues surrounding exit strategy would apply to the "Palm" style developments, and a better bet would be serviced condominiums in Kuala Lumpur City Centre for investors looking to make a sizeable profit on minimal capital outlay.
If you need any further info, please send me a pm or email.
Have a good day.
Andy
why not try singapore or Indonesia ?I'm going for good.
I have invested on the Palm on the Sepang Goldcoast. At the time I secured a unit there it seemed to meet all my criteria for investing. At that time the Malaysian economy was strong, now there seems to be a bit of Political upheaval and I am not sure how this is going to affect the economy and ultimately my investment.
Is anyone a bit more 'up' on all things Malaysian than I am and do people still see Malaysia as a good investment?
Is the far East going to be hit by the infamous 'credit crunch' that is starting to hit the UK now and IMO will have an affect on most, if not all, of the Western world?
Cheers