if the speculator think the hse 380k is cheap, then they can use RM30million to sapu all the 8 units.. ha ha... if it burst, it may may 3-4 years to recover.....

supply is important regardless of speculators
the more units build and launched means excess capacity ..
and when the excess capacity is able to cover speculators and demand ..
bubble will burst ..

condo is heading there unless more turkey people is buying here
bijan is smart to open up to that region ... haizzzzzz

if u can wait, then wait lor...
if can't, then buy lor.. hehee

Glad to hear that
happy for you
just monitor closely.
sometimes it is good to get a condition not so good one at cheap cheap price then renovate the way you like you home to be

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Added on February 24, 2011, 1:04 pmdevelopers will have to keep launching, otherwise less future revenue flowing in, profits will start to decline as existing projects going into tail end (construction period < 3 years) then share price drop

This post has been edited by godutch: Feb 24 2011, 01:04 PM

This I partly disagree.

Home doesn't mean you must own it.
Some may rent for 10 years or 20 years, which is their home as well.

I live in a same house since born until mid 20's, and this is a rented house since start, which I call it home.

hhmm... different point of view for home.
i prefer to own my own home.
as u might face problem of landlord chasing u out...
it is very great of u to live in a rented place for so long..
very hard to find. hehehehehe....

if the money used to rent for 20 yrs can be transfer to paying installment for the hse. u might actually own the hse at the end of the day.

I doubt you can get 350K, many iproperty listings are not up-to-date, I did found some 1-2 yr old advertisement are still there, dun look at the posting date, it might not accurate as iproperty operator will renew those old listing every 2-3 mths, so better cal up the agent to verify..

ohh.. duwan waste the agent time.. cus i'm not buying now.. need more saving..

My aunt bought a terrace in KV @~RM350K a couple of yrs back- yet to get the key, hasn't started serving the loan installment (developer's offered 0% during construction) BUT recently kena "buzz" by so many agents, asking her interest to sell the hse @~RM550K. Wow! price goreng to that extent. Agents are so aggressive coz can make good $$ thru the commission earned

i only see those posted in a month's time ... and quite consistent with the star classified ...

350k to 550?
57% increase in price....
no wonder so many ppl are still buying new project and flip...

now hardly can flip.. new release already so expensive..

dont worry, developers will make sure the new launches in future will be even more expensive

THE HARD FACT! (a personal view on the real estate)
this has always been divided between 2 camps. one wishing it will come down, the other hoping it will go up. both can argue till the end of time and there still would be no winner.
my take on all this is simple. let's do an exercise. instead of focusing on actual events of which prices goes up or down in future, let's do a visioning of what we would like to experience.
a)some people wishes property prices will come down.
what does this means. look at country that are experiencing these phenomena. those are the ones that are extremely affected by financial crisis. unemployment soaring to double digit percentage. prices at a fraction of the original purchase value. do you really one this to happen? when this happens, it could spiral and lead to so many other events. desperate people calls for desperate measures. i believe everyone will do the same when they are push to the extreme boundaries. so think hard, the 500k property that you are eyeing. would you like to see it dropping to say 400k? 300k? 200k? when this really happens, think hard, when it DOES happens, would you really be happy about it? compared our property prices and other prices if you will against our neighbouring countries. we were better than most of them say 20 years ago. fast forward to now, while we are screaming crazy property prices, look at our neighbours. vietnam, thailand, singapore have all passed us in the property race. indonesia is only slightly behind taking their jakarta benchmark. so now, do you still want property prices to go down or even remain stagnant for years to come? do we want to position ourselves that Malaysia, the country with one of the cheapest property prices in the world, tag?


b) some people wishes property prices will go up.
what does this means. as most countries are charging ahead in leaps and bounds for their own economy, automatically these countries experiences hike in salary, property prices, better infrastructure, better living, etc. all this encourages and progresses the nation. of course, these are only sustainable if the nation shows true progress. artificial escalation of prices is by no means sustainable. but beware of prices going too far out of reach for the mass public, it might backfired and caused some political unrest.

conclusion (again reminder that this is all IMHO), one should not be too focused on prices going up or down. one should at all times aspire to increase their own income. i end my note by saying this: if one can still buy a decent size property (say 1000 sq ft condo) at a decent location (say within golden triangle) with say rm300k, would you be proud of your country still. and if your answer is yes, can you name me another country in which the prices is lower than my assumptions and have the attraction to draw you there? and if your answer is still yes, i strongly suggest you migrate there to avoid the headache of more increase in property prices.

PS: +1 is most welcomed although not compulsory.

As for the property prices comparing with other nations. Just because our property prices are cheaper, doesn't mean that we are lacking behind other countries. In the end it's about the standard of living of the citizens that matter most.

Imagine if property prices were worth millions, and we are living in high rise buildings like singapore, hongkong or taiwan, and the locals are simply renting from the foreigners, because we can't afford to buy these houses ourselves. People are working 2 or 3 jobs, and the suicide rate has increased. What good is it really?

Property price drop, does not mean that our economy drop. I don't think so. Most things will continue as it is, except that speculators will have less networth on paper.

This post has been edited by TheDoer: Feb 25 2011, 10:23 AM

i dun want to be a bank slave everyday eat maggi
if our gomen can make us high income.. i dun even care the property 500k and above..

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Added on February 25, 2011, 10:26 amkochin > i would prefer +1 here
prop price too high.. more stress.. kepala pecah thinking how to pay for the bank repayment.. suicide rate increase..
please be real.. can most of malaysian afford to buy a property with monthly repayment that high ??
from your point of view.. u're in the " some people wishes property prices will go up " am i rite ?

This post has been edited by CKHong: Feb 25 2011, 10:41 AM

Sorry noob here, what +1 means?

Some of loan packages only adjust repayment tenure when the interest rate increase/decrease and they dont adjust repayment amount. they only adjust when borrower default the installment.

sometime the interest rate increase during crisis , year 98 for example when the interest rate was 9%. even you could get right property at cheaper price, but the interest rate would it not worth buying

choosing a right property with right loan packages is also very important. my neighbor who bought the house 30k cheaper than mine but cost of ownership is the same after taking the loan interest into account.

his loan is blr + xx while mine is blr - xx.

after the lock in period.. we can refinance rite?
even b4 lock in period.. we do refinance.. also won't cost tat much rite.. how much will it cost ah ?? anyone ??
I dun think blr + xx will keep on continue for more than 2~3 years.. unless the end of the world coming la..
I never do research on the history on how long the crisis will last.. maybe someone who know can share..

buy now 450k buy later 350k > 100k diff
how i count.. also still untung .. if buy later..

oh yeah.. can u kind enuff to tell ur neighbour to do refinance ? cus if his one still blr + xx.. he rugi besar eh..
even if pay the penalty to do refinance before lockin period.. he also untung rite if he change to blr - xx
neighbour ma.. help help them.. unless they everyday kacau u and ur family and buat bising la.. then nvm.. let them die

This post has been edited by CKHong: Feb 25 2011, 05:14 PM

Everyone,

If you are waiting for the price to drop, and at the same time afraid that it may go up some more, best if you buy something which generates good rental yields and easy to rent out as investment, that way, you are safe whatever happens...Also, buy something relatively undervalued, and you should be safe even in a crisis...short of a nuke exploding in KL, but in that case, all bets are off anyway...