ahh nasib baik i wait for particular place to bubble nie.. as i didnt wait for the whole property mkt to collapse

last few pages got show the average salary between china and msia rite? (Auditor)
msia - 5667 (Ringgit)
China - 22916 (RMB) convert to msia.. let say half price.. 10k+ ringgit

their income so much higher :'(
but i duno the props there how much lar ~ if higher than bolehland props.. then i nothing to say liao...

This post has been edited by CKHong: Apr 20 2011, 04:38 PM

Interesting stats from JPPH once again.

http://www.jpph.gov.my/V1/pdf/overview_tables_2010.pdf

See page 49, number and sales performance of new launches and number and value of unsold residential units in Malaysia.

Some highlights:

Sold units of newly launched in 2009 in KL: 57.9% of launched units.
Sold units of newly launched in 2010 in KL: 38.4% of launched units.

Sold units of newly launched in 2009 in Selangor: 58.5% of launched units.
Sold units of newly launched in 2010 in Selangor: 47.0% of launched units.

Shoplots are selling better, see page 50.

very healthy, luckily not 100%

This documentary was shot end of last year or early this year. Pls go and have a look. And tell us your opinion whether the concern that China has a property bubble property is valid or not. The documentary clip is no more than 15 minutes.

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Added on April 20, 2011, 6:20 pmBravo! Exactly that is my concern. I am not a happy advocate that China has property bubble. But with the hard stats like 64 million empty units of condo, whether it's a localized bubble or general bubble, if it pops the damage must be enourmous. Don't you all agree?

Why i should be happy if there is a bubble in China? Why should i be happy if it pops? None of this two scenarios is going to profit me personally. I am just saying my opinion that with stats showing 64 million units of empty condo, it's very hard to ignore the fact that the China property bubble "theory" is a valid concern, am i right?

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Added on April 20, 2011, 6:47 pmhttp://www.theage.com.au/business/world-bu...0420-1dome.html

Another sign that China's real estate bubble is worrying the Chinese govt...

This post has been edited by soongkm: Apr 20 2011, 06:47 PM

just for discussions sake, let's say there's a bubble in kuantan, pahang with mega developers taunting to sell resort homes with condo and apartments facing sea view with fantastic concept and blah blah blah. and let's assume there are building like a few thousand units (hotel/studio small sq ft therefore more units lah). and ended up cannot sell or become ghost town in future. or similiar scenario in say lumut, perak or sepang goldcoast, selangor.
so i can i assume or declared that there's a property bubble be it general or localised in malaysia? would these localised bubbles really affect say prices in penang or kl?
don't get me wrong, am not disputing if the documentary was true or not, but just trying to see things differently before i make my judgement on it.
things that i'd learn from media, it always tells you a story. and that's the problem. it only tells you ONE story. and there's always two sides to a story.
what amazes me was whoever financed and see through the completion of those 64million units. at least not like here, developer would have abandon the projects long long time ago.

PS: just read the transcript. a few pointers:
1. those cities are extremely far from main city. there were talking about a couple of hours drive from beijing. and usually when someone casually mention so, it usually means at normal speed. this would mean the ghost cities they are referring to are like ipoh to kl or even further.
2. the 64 million figures might be an exxagarated figures with no proper backing. just like the guy who quoted malaysia property to be rm5k psf within 5 years time.
3. a 6 years mall with no tenants and still in quite good upkeep. that's a big feat alright. wonder who's paying the maintenance costs?

This post has been edited by kochin: Apr 20 2011, 07:15 PM

u underestimate the power of saving the Chinese have
most of them are cash rich(dun ask how they got the money) until dunno where to put(cannot put in the bank cos not bersih enough)

try go Genting, see how much they bet....pengsan, me fast fast simsui

thx for the reply bro...

Thanks for sharing your opinion. Yes, i do agree with you to a certain extent that those are not main cities like Beijing or Shanghai. But if those property bubble out of main cities goes pop, it would not actually crash the price of the big cities property. but it will bring in some correction, maybe 10% to 20% correction. Like what happened in US, after the subprime loan crisis, alot of property goes foreclosure, it didn't crash property prices like in NY city or Manhattan, but it certainly brings in correction for those property.

But the overall implication on the economy would be quite huge, if these property bubble goes out of hand in China. Like you said, will not really crash the prices of main cities, but still a very adverse effect on the economy and consumer's confidence.

New York prices are now 23% below the peak in May 2006 and still dropping slowly. I think this will be bad enough.

Just imagine you just bought a condo for 500k and see the value drop year after year, and then in 2016 it has dropped below 400k and there is still no end in sight.

sorry for long silence as i just back from my long US biz trip. feel abit tired to log in LYN...

i had earlier commented that prop price will always up in long run..i wud like to share my experience here..
maybe my case is abit different. i hv been buying/invest in prop for more than 20 years. i think i maybe one of the the oldest member here...right?
During earlier years, after graduated from U, i forced myself to buy a unit every 1-2 years when i have enough saving. i will only buy low cost apartments eg 50-60k etc and rented out (tenant will pay for installment fully or partially, When days my income rise, i will then buy more expensive prop eg mid and high end condo eg KLCC, DSL, SD, bungalow, shop office etc; from 100k to few mil. so it is almost similar to buy UT by regular saving mode. the price maybe yoyo is short term but in long run the prop will increase in its value (due to urbanisation and inflation etc). i will only concentrate prop in KL centre since I know only KL better. I seldom travel to other msia city coz my regional role require me to live in oversea. maybe i m lucky coz my salary is in SGD Euro or USD which has more intrinsic value than MYR so can afford to invest in many prop.
Since i have many prop in low price base, i can tolerate to some minor adjustments (but so far i have yet experienced any in KL centre prop, all my prop hold very good prices/rental). it is similar to my gold investment, when i first buy it is only ard 500usd, since i believe gold can hedge inflation, so i continue to buy regularly since i hv a low base, even though it may crashed to 1000, but i believed overall i still can make some $. so i can freely buy and sell portion of my holding when reached my target profits. buy low and sell high again and again..i dont consider i am a speculator, i more like an investor especially in prop. i usually hold a prop quite long. (much longer than u think)

so if u want to invest in prop, better buy it earlier + earn more. when u hv more capital ($$ or lower base), invest again. key is to buy in metro city where price can hold better + easier to rent out due to higher demand. older /leasehold also never mind. dun buy in ulu ulu places. cheap and freehold also no use. same u buy only highly demand gold, silver, copper etc and not to buy low demand zinc, antimony tungsten etc

i do think that if prop drop/crashed (which i think very unlikely to happen to KL centre prop), if so, i will buy more units for investment (for future gain). so in meantime i just continue to look for good prop to invest for long term gain.

I don't understand. I thot all new launches in KL and Selangor mostly kena sapu habis habis?

Isn't <60% take up low? Sifus, pls enlighten

Also not sure why so low.

But one conclusion that can be drawn is that sales performance of launches in 2010 in lower then in 2009.

Average / mean

The Star Online > Business
Thursday April 21, 2011

Inflation and demand to lift property prices 10%-20% this year

By EUGENE MAHALINGAM
eugenicz@thestar.com.my

KUALA LUMPUR: Malaysian property prices are expected to increase at an average of between 10% and 20% this year, in light of rising inflation and increase in demand for local properties from foreigners, said Deputy Finance Minister Datuk Donald Lim Siang Chai.

“Inflation in 2010 stood at 2.2% and was at 2.4% in the first two months of this year. We expect it to be higher this year due to escalating food and oil prices,” he said after the launch of the National Property Information Centre's (Napic) property market report 2010 yesterday.

Lim also said many foreigners were looking to purchase property here because the prices of properties were cheaper than in neighbouring countries such as Singapore.

“And Malaysia, because of the ETP (Economic Transformation Programme) has attracted a number of investments from overseas. Investments last year were four times higher than 2009.



“We also expect more foreign companies to set up base here. Our Islamic banking is No. 1 in the world (so) all this will attract foreigners to come into Malaysia,” Lim said, adding that this would also contribute towards pushing up prices of properties in Malaysia.

He said rising oil prices would also cause prices to escalate.

“There's a lot of uncertainty in the Middle East. It's beyond our control and that (rising oil prices) will affect the other things,” he said adding that property prices in Malaysia were currently at a “manageable position.”

According to Napic's statistics, the Malaysian property market recorded 376,583 transactions in 2010 worth RM107.44bil.

Both the volume and value of transactions registered double-digit growth of 11.4% and 32.6% respectively from 338,089 transactions worth RM81.02bil in 2009.

Napic valuation director-general Datuk Abdullah Thalith Md Thani said 2010's (RM107.44bil) value was a new high for the Malaysian property market.



“In 2008 and 2009, we (Malaysian property market) suffered a bit. The volume of property transactions will go up (this year) but the margin will not be as high as last year.

“We had a good year last year because we rebounded from the sub-prime experience,” he said.

Abdullah added that Malaysia's fundamentals were still good, despite the uncertainties.

“People are worried about oil prices now but bear in mind, we are oil producers too. I will not say that property (by volume and value) will be better than 2010. There will be an increase. The question is the rate of increase.”

Napic expects the property market to remain promising in 2011, supported by various measures proposed under the Tenth Malaysia Plan and Budget 2011.

It said projects such as the Kuala Lumpur International Financial District, Mass Rapid Transit in Greater KL, the 100-storey Warisan Merdeka, the development of the Malaysian Rubber Board land in Sungai Buloh and the redevelopment of Pudu prison were expected to have positive spill-over effects.

Napic also said the Government's Skim Rumah Pertamaku to assist young adults to own homes below RM220,000, together with other incentives such as stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000 for first time buyers, would increase transaction volumes of homes in this price range.

“With the cessation of the Foreign Investment Committee's approval for the acquisition of properties by foreigners which took effect in June 2009, property investment in Malaysia will be more attractive to foreigners,” said Napic in a statement.

“Given that foreigners are only allowed to purchase commercial and residential properties priced above RM500,000, it is anticipated that more activities will be recorded in the high-end housing units in sought-after neighbourhoods,” it said.


--------------------------------------------------------------------------------
© 1995-2011 Star Publications (Malaysia) Bhd (Co No 10894-D)

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Added on April 21, 2011, 11:57 amthese figures refer to the WHOLE MALAYSIA? Can check out what figures for SElangor and Kuala Lumpur?

This post has been edited by kh8668: Apr 21 2011, 11:57 AM

I attended the property talk yesterday and they keep on urging to collect property. I don't really understand if Malaysian have that much money to spend on the property as the price for past 2 years has been on steep uptrend.

This post has been edited by ronn77: Apr 21 2011, 12:04 PM

Mostly sapu habis habis? Who told you that? Dont tell me the property agent or the take up rate board that they display!

This piece of news is the typical "goreng-goreng" news la. Indirectly telling the people, to BUY BUY BUY before it goes up again...If you believe mah go and buy many many units loh, so you will earn more and more money by end of this year.

I really BELIEVE wor...just I got no enough $$$$

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Added on April 21, 2011, 12:10 pm

Source: from PMR2010

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Added on April 21, 2011, 12:13 pm


Setapak 222 ZResidence fully sold d wor....still N/A in PMR2010

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Added on April 21, 2011, 12:24 pm

Selangor state




Penang State




Johor State

This post has been edited by kh8668: Apr 21 2011, 12:24 PM

why government is spreading goreng-goreng news?

hi - when yo mention "good prop" where are some of the areas that you are looking at specifically? do you think condos are still worth buying off plan at current prices or do you anticipate a softening overall so investors should now wait to pick up later ? thanks