yes condo is still good buy (especially older one), i will look at rental yield (>6% net)+ location (for me must be in KL centre, preferable within 10-15km radius and have good demand). most my previous props now have >10% rental return (base on old purchase price @ 5,10, 15, 20 years ago)

any new prop purchase now rental will help to offset my bank installment while waiting for long term appreciation/and rental gain (to hedge against inflation /saving).

if rental yield/demand is good, not likely the prop price will drop.

previously i was aiming z residence.. but then end up over my budget ..
not mistaken.. z residence macam fully sold for the first 2 block.. duno developer and insider use their famous tactics or what lar..

This post has been edited by CKHong: Apr 22 2011, 02:38 PM

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2010 a record year for Malaysia property mart
By Sharen Kaur
sharen@nstp.com.my
2011/04/21


KUALA LUMPUR: The Malaysian property market hit a record year in 2010 with RM107.44 billion worth of properties transacted and the trend will continue this year.
"There will be an increase this year, but marginally," said National Property Information Centre (NAPIC) director-general Datuk Abdullah Thalith Md Thani.

The property market enjoyed double-digit growth in 2010, with transactions and value expanding 11.4 per cent and 32.4 per cent to 376,583 and RM107.44 billion respectively.

Residential property dominated the overall market, taking 60.2 per cent of total volume and 47.1 of the value of transactions.

Abdullah Thalith said NAPIC expects the property market this year to benefit from the various economic initiatives undertaken by the government.

Projects such as the Kuala Lumpur International Financial District, mass rapid transit in Greater Kuala Lumpur, Warisan Merdeka, the development of federal land in Sungai Buloh and the redevelopment of Pudu prison, which are expected to be implemented this year, will have positive spillover effects, he said.

Abdullah Thalith said the unrest in the Middle East and Japan, which was hit by tsunami, will not dampen growth as he expects the Arabs and Japanese to continue buying here.

He was speaking at the launch of the Property Market Report 2010 by Deputy Finance Minister Datuk Donald Lim Siang Chai here yesterday.

The report showed that in terms of pricing, the Malaysian All House Price Index surged by 8.9 points to 140.7 points.

Lim said Malaysians should not worry about a property bubble as the situation is under control. He urged all states to speed up the process of approving property transactions, especially for leasehold units.

"A lot of states, especially Selangor, are slow in doing this. We have a lot of foreigners buying leasehold properties here. We must address the issue as the foreigners are bringing in money. This will lift the economy," he said.

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Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia.

i doubt this will continue.. overpriced and when it hits a peak it generally falls back

How do you define OVERPRICE?

IMO, it is very subjective, I would say when only DD drop to zero (for particular zone, time and product category), it's OVERPRICE!!

This post has been edited by UFO-ET: Apr 22 2011, 08:13 PM

people with no props is saying overprice, people with many props on hand is saying good price.. lols.
chinese said "all grapes are sour when you can't have it."

I was inside a lift with 1 male and 1 hot sexy female prop agent at Empire Subang, over heard the male agent praised the female agent for selling over 200 properties in 1 year, average 1 per working day. Damn, she must be a millionair by now.

I thought she is hot, but prop market hotter.

Eventually the winner will be those with strong holding power and they can withstand even major bubble burst.

I just don't understand why we must keep on debating about this and not looking a decent shelter for ourselves & our family. For those who are still waiting for correction, cross your finger and keep on waiting.

a question for fellow property investors:
assuming there is a slight drop and property stagnant for a while in the near future, and you started bleeding cash to feed the installment. although you do have the holding power, i'm sure u do not want to indefinitely bleeding cash, how long the period is acceptable for an investor to keep holding on before cut lost?

What do yout think for those cash rich Investors with strong holding power will let go their unit even break-even point? I assume they will keep holding on or pass it to their children. No one can predict how much psf for 20 years later. Finger cross people.

cash rich is how rich? so rich that they can pay off the property without loan? then i'm sure they will not want to let go because while the property is appreciating, any rental come in is considered bonus.
(assuming liquidity of they capital / cash is not a problem since u mention they are cash rich )

the bubble is very obvious in Klang Valley. I just hope all the newly launch and sold out development will complete and not abandon halfway.

Since your nick is property101 and I assume you have lot more experience about property than me.
Do you know there's lots of uncle millionaires out there are still driving proton? Exclude those with Merc/BMW.
Sometimes is unpredictable and don't judge the book by it's cover.

I actually don't see how the property situation in m'sia is going to benefit an average income earner like myself. Prices go up, can't afford to buy. Prices go down, economy is bad, can buy also bank wouldnt give us a loan. For those people like me who are buying to stay, if u find something nice, just buy lor. Any lost or gain is just paper value, u will probably keep for 10 years or more anyway.

yeah, i know those uncle millionaires who still wear worn out t-shirt and old slipper to go out
i guess thats what makes them a millionaire in the first place

This post has been edited by property101: Apr 22 2011, 11:25 PM

Agree... Some are still a cashier in their own shop/ medical hall.
Unlike the youngsters that went out and spent all out with girls.

This post has been edited by PUPUMAMA: Apr 22 2011, 11:31 PM

i noticed a lot of youngster spend their money on electronic device, overseas holiday, expensive food, an impressive car, result in little saving and bad financial planning

then some start complaining property price is too expensive

This post has been edited by property101: Apr 23 2011, 12:09 AM

Not likely an real estate negotiator, but Developer's SA only can achieve that.

For those who spend within limit/budget still can be saved, those until credit cards debts melambak sendiri cari pasal..

Those well planned & buy within budget have a upper hand, to me the cycle of life, study, work, earn, save, property, married, kids ... our kids will buy property brefore marry..20 years is just a blink of an eye.

I am not picky landed/condo at least 1unit, getting the keys, the click of the door, the smell of home....priceless.. my 2cents.