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 KL / PJ area property surged too high recently?

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TSreturn78
post Jun 18 2010, 11:28 PM, updated 16y ago

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Do you guys feel property price surged too high in sudden for last half a year? Whereas salaries wise din c much increase.

Too many punters? Inflation?
TSreturn78
post Jun 19 2010, 10:12 AM

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Such a property price increase with not supported by income growth, first timer buyer and new investor with less experience and backup shall be careful.

Whether is bubble or not, time will tell. Anyway, agent, lawyer, and developer is sure win parties!


As of oversupply of units on renting market, as long as they managed to secure the tenant and generate positive cash flow, i believe owner still will hold and hope for property appreciation.
Once it no longer owner realize they had suffer the negative flow, it might kick start a panic market and sell.

Europe crisis is kinda quiet for sometime and not really resolve yet, silent is dangers.



This post has been edited by return78: Jun 19 2010, 10:21 AM
TSreturn78
post Jun 19 2010, 10:23 AM

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QUOTE(gark @ Jun 19 2010, 10:17 AM)
Yeah, all kinds of agents keep on sms and call me if I wanted to sell my unit, say got ready investors to buy. I wonder where the heck they got my phone number...?  shakehead.gif
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From developer.

 

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