ASKING SEAN

Link to join my team in property investment club: bit.ly/3DxoxWS
In this episode, the audience asked a follow up question about bulk purchases. As he is concerned that normal people who walks into sales galleries are paying the highest price for a project.
First of all, I've explained quite extensively about bulk purchase. Also, I've indicated that it's still sensible to buy from developer as not all of them will work with bulk purchasing groups.
As a capitalist, my goal is to look for the best price for that one project that I wish to invest. However, that takes experience. It's just very unfortunate that the market is inconsistent and not transparent.

[@victorkhong9813]

What you are saying is very eye-opening and the government should come in to regulate this kind of practice, which personally I think detrimental to the market and consumer as a whole.

[@gkshen100]

Hi Sean, what are the potential risks to look out for when joining bulk purchasing groups or when considering bulk purchasing opportunities?

[@Tiffany-dw1yp]

Superb as usual! Love your videos during downtime and to educate myself!

[@fatty9101]

So base on Sean’s reply. The answer to Jason question seems to be as such: 1. Yes. 2. Yes. 3. No point. Last example is sad for friend

[@ltchuan03]

Listening to this video, whole property industry is very messy in Malaysia.

[@iherng]

Well you can always choose to not know and shop as usual David:)

[@vineshrajoo2805]

Thanks for this in-depth discussion of bulk purchasing. Most of these gurus are located in Kl and Selangor. I don't think there's any in Sungai Petani.

[@sanjieev]

fantastic reply bro; has been exactly my question for some time now, thanks!

[@iherng]

Glad it was helpful Sanjieev. Thanks for watching=)

[@sheikhimraniskandar3774]

Some gold nuggets here Sean! Thank you for educating the public with the knowledge you've gained through experience.

[@iherng]

Thanks for watching Imran!!

[@ckskevin85]

The fan remote is killing me...

[@iherng]

Hahahahahahahaha!!

[@alexsim2859]

Hi Sean, can you do a review on Sierra Hijauan @ Ukay Perdana? near Ekve

[@edwinng2465]

fantastic presentation, knowlegable, impartial. keep it up

[@iherng]

Thanks for watching Edwin!!

[@gigar9000]

Good sharing Sean!

[@iherng]

Thanks for watching Gigar:)

[@michellehejbproperty2793]

Waiting For More In Future thanks for sharing 👍

[@iherng]

So nice of you

[@adamleewh]

Very insightful, and is probably the main reason driving me to join Far Cap.

[@puiyinchai1437]

My only concern is that alot ppl joining far capital. Lite member vs premium member. I guess u should go for premium to enjoy more benefit

[@adamleewh]

@@puiyinchai1437 agreed. Especially first hand info to book properties. Time of entry seems to be very important. Lite members are delayed

[@puiyinchai1437]

@@adamleewh haha i want to buy too.. This year is great year to enter new property market due to HOC and SPA LA borne by developer. Next year Most probably don't have HOC, and we need to cough up money for MOT. I will consider my purchase of membership as a MOT payments😁

[@adamleewh]

@@puiyinchai1437 that’s one way to look at it! Haha. To me it’s tuition fee.

[@iherng]

Please make informed decisions yea. Thanks for watching=)

[@newjourney9220]

Beware of developers who jack up the prices for bulk purchase for leftovers units. Developers are not stupid.

[@iherng]

Neither are investors.

[@bruceyseow8325]

Great video. 1 question: if far cap could get you a discount of 20%, why wouldn't they just buy at discount themselves and flip it to the market and earn the margin. With their amount of cash, they could easily earn tons of money.

[@iherng]

We are talking about few hundred million here so I'm not too sure. But I'm pretty happy to buy several units from them at discounted prices.

[@puiyinchai1437]

Even Sean that already been 12 years in property investment, stil chose to join far cap. It means their research is doing sufficient and thorough research to pick the potential properties before bulk purchasing it. The fee to join far cap is consider hassle free for u to do such research. Same theory goes to tenant management and renovation. If u have time, u can do it urself. If u think u can earn more with ur extra time, might as well sub to other ppl/agency to do it to achieve cost-effectivenes.

[@puiyinchai1437]

And also the decision to purchase is in our hand, u invest based on ur risk appetite, even the far cap CEO also keep emphasising this.

[@lekang8823]

May I know roughly how much is the fee to join far cap?

[@adampotter1236]

@@lekang8823 lite client:2k Premium client:4k+

[@puiyinchai1437]

Does it mean bhd developer unlikely to have deal with bulk purchaser? Since they are not lacking any cashflow/fund on paper.

[@Ben-do8ex]

Seems to be. IMHO I think Sime Darby, Sean ex employer will not be on board such deal. Else Sean would have known of it much much earlier. Likewise Ecoworld, whose project are always popular, will also not be on board.

[@puiyinchai1437]

@@Ben-do8ex thanks for ur opinion bro.

[@micchok2968]

I guess are those small developer.

[@joshuadoliveiro]

As someone who comes from the car market, the property market freaks me out...

[@iherng]

Yea, I understand how you feel hahaha=) Thanks for watching!

[@brandonling9663]

Now I know why Block A is fully sold. I am buying Block C, at a higher RMpsf :(

[@gavinlam7721]

Try to reached far cap in email get no response at all 😔

[@iherng]

If you want, I can help. Do DM me on Instagram:)

[@falcohor5890]

Which property you bought?

[@iherng]

I bought so many hahaha=)

[@lizliew3903]

😍👍🏻👍🏻✌🏻

[@junkeatliew5787]

Probably this episode need a mandarin version then we can show to our uncle aunty directly to explain the current latest actual situation haha.

[@iherng]

Oowh, that's a great idea hahaha!!

[@yeezilin]

@@iherng got or not ? haha

[@RyanHong1989]

U can even demand / nego with developer like ecoworld to custom build industrial factory or warehouse if your company is big enough. They can use your company to market their products. U know, nestle has bought a 10acre warehouse here!

[@iherng]

Exactly!! That's something I hope to achieve one day as well hahahaha!!

[@88desede]

Hi Sean I m thinking of buying Danga Bay. Developer has reduced price by almost 50% . Is it worth to go in now??

[@iherng]

I would benchmark that against the current rental of the area before pulling the trigger.

[@ryanjunweii796]

Hi are you based in JB?

[@bananahuice]

or go gallery say i know sean tan. haha just joking. nice vid!

[@iherng]

How I wish that will work in the future hahahahaha!!

[@micchok2968]

After this video, i think I won't buy property anymore. Conflict of interest is criminal.

[@iherng]

Eh?? I don't understand.

[@user-sy4mp8hq6i]

Lol, buying a property is not a conflict of interest lmao😂

[@tg988]

Everyone needs at least a home. Otherwise you’ve stay with your parents or your spouse’s house for free or a small fee. Or the final option is to rent one from a criminal. Everthing in life has a price. Each choice we make is a transaction. It’s only with the passage of time that we realize sometimes much to our regret whether the cost was worth it.

[@ifeelhalfnaked484]

so only the not-so-good-developer offer the bulk purchasing, thanks for clarifying i thought these property agents will pecah mangkuk!

[@Ben-do8ex]

Should be not-so-good-project then will offer bulk purchasing. Doesn’t make sense if the project is selling well, developers still give bulk discount. Unless of course another scenario is project is so-so, but developers cash tight, cannot wait too long to finish selling…

[@iherng]

Not necessarily "not so good". It's just a strategy by the management to conduct their sales.