Aug 23 2011, 02:55 PM
QUOTE(UFO-ET @ Jul 17 2011, 02:10 PM)
well said 
I notice that our home buyers / investors (Chinese) are getting younger and younger, while the salary level has not seen a significant improvement over the last ten years, yet we see so many youngsters (< 30)are buying more than 1 property, wat does it signify?
It means that all the property investment sessions has been well attended, and the same message is buy buy buy. All these sessions are attended by the same young people, and it has been drilled into them that they should maximise their youth to invest.... I notice that our home buyers / investors (Chinese) are getting younger and younger, while the salary level has not seen a significant improvement over the last ten years, yet we see so many youngsters (< 30)are buying more than 1 property, wat does it signify?
1. Take advantage of 5/95
2. take advantage of DIBS
3. Property price never drop
4. You are still young...take advantage of youth'
5. Retire early! Invest early...
They forgot to tell these youngsters the failings of overgearing...and remind them that markets can crash...and people can jump off roofs.
The prices of property will rise or fall depending on outcome of next general elections.
The Chinese (China ones, not Malaysian ones) has lots of cash and are buying up properties in China and Singapore.
Malaysia is considered cheap for the picking even at the current pricing rate. The only obstacle preventing them to buy is the political/economic/social stability over Singapore.
Will the prices of land / property rise for IC?
Surely...question is, when. And whether it is fast enough for the investor's like/gearing.
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