A Personal Finance Blog for Malaysian: More high-end properties up for auction

Sunday, March 15, 2015

More high-end properties up for auction

A licensed auctioneer, Ishak notes about 5% rise in high-end properties coming in for auctions. He believes that this number will increase by at least 20% in a few months.

Key points- High-end condos' occupancy rates are just about 40-50% 
- Installment + maintenance fee = Cash flow problem when no tenant paying rent
- Most of the players in this sector are speculators and property investors

- See more at: http://www.theantdaily.com/Main/More-high-end-properties-up-for-auction#sthash.tIcJa2n0.dpuf

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