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  1. #26
    Thailand Expat

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    The U.S. ending QE started the outflow. The $ is rising and that tsunami of billions of cheap $ is receding. The Malaysians took steps to increase liquidity by ending the subsidy on fuel, the effects of which on the cost of living have been mitigated by the collapse in oil prices. However, it's a two edged sword and the general fall in commodity prices is hurting Malaysia.

    The ringgit is looking over valued and the good times are over. They are in trouble but not to the degree the Turks, Brazilians etc are.

    The first signs of belt tightening are of course in property prices. This bubble has been pricked and prices will fall. I surmise rentals, particularly at the higher end, will see more voids unless they compete.

    Frankly, I'd take what I could get if I were you. The prognosis is at best a slide into stagnation.

  2. #27
    Thailand Expat terry57's Avatar
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    ^

    I tend to agree that getting a tenant in is the priority and if that means dumping some rent just do it.

    Rents are falling quickly in my home town of Perth. Renters can now demand a rent cut or just move out to a better and cheaper gaff.

  3. #28
    Thailand Expat terry57's Avatar
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    Quote Originally Posted by Lostandfound View Post

    It's a great location - the mall downstairs has a huge food court with local, indian, chinky, veggie, sushi, barbecque.....pretty much everything.

    The Pavilion Mall is one of the Ritziest in Town and the food mall below is simply brilliant.

    Very good move buying there mate. well done.

  4. #29
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    Quote Originally Posted by terry57
    The Pavilion Mall is one of the Ritziest in Town and the food mall below
    Spend all that dough to live in an exclusive area, only for some fukker to build a food hall to attract scores of backpackers

  5. #30
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    Quote Originally Posted by Dillinger View Post
    Quote Originally Posted by terry57
    The Pavilion Mall is one of the Ritziest in Town and the food mall below
    Spend all that dough to live in an exclusive area, only for some fukker to build a food hall to attract scores of backpackers
    I owe it all to a monster hangover.

    Several years ago i staggered out of a hotel on B Bintang in search of a decent espresso

    Ended up walking around the entire Bintang /Raja Chulan block which was then just breaking ground in construction. There were several pretty girls serving coffee to people in a big glass box office. I simply walked in and asked for a double espresso.

    After a couple of coffees it was only polite to feign interest in the development. They wanted 1000 or thereabouts to secure a slot with nothing more to pay for almost a year

    A useful gamble - after a year the option to buy at 850 psf on a 2400 sq ft unit was worth over 50k

  6. #31
    Thailand Expat terry57's Avatar
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    ^

    Great story mate, Good call that one.

    Have you got a tenant in yet and if so what's the rent. ?

  7. #32
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    No :-(

    The singaporean girl didnt work out. Her company refused to sign further contract.

    Several viewings, another one today at 12. Fingers crossed.

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