ur point is good.. hmm.. but what can i say.. the prop alr so high now.. they come in now or later i also dun care already.. at most i will buy a props at my kampung (which is wayy more cheaper ) then i just rent a room here.. and i will always pray : ahh.. high income country.. pls.. come to bolehland..

yeah.... sad but true o.o||

People always equate investment as a good thing, but how many people realize the meaning of "Investment"?

Investments are nothing more than IOU's.

http://thestar.com.my/news/story.asp?file=...3438&sec=nation

wah i support on > NO LOANS for purchase of third or fourth house
then flipper will most probably become lesser~ oni the real investor

Who like the auction unit, pls have look....

http://stanleycss84.iagent.my/default.aspx?p=Listings&Page=1

Who say no good location on auction...

This post has been edited by 22222222: May 13 2011, 05:14 PM

last time never heard of youngster complaining about they can't afford to buy a prop, but they just happy to rent a room or share share to rent a house for years... they only buy first prop when the saving is enough, and they paid High BLR and 10% deposit.
Why nowadays the youngster keep complaining abt it? if they can't afford to buy a prop, just don't buy it first, use ur money for other purpose, or try ur way to make more money first. That is not a game like buying a PS2 or a new handphone, that is the huge commitment, think of the commitment first before starting to think of how much money u can make from props market.

Singapore private condo 200 sqft cost you S299k, I am not joking, just 200 sqft. Oh my god, no wonder so many old Singaporean are retiring in Malaysia.

With S299k, they probably can get something 10x bigger in decent location.

True enough... but most youngsters pressured by increasing property price.... same location they are eyeing, increase from RM200k, just 3 years then 300k, another 3 years, 400k....
when are we saving enough? lol...

Then ensure yourself earn from 20k, 3 years later 30k, another 3 years 40k.

Pressure?
What pressure?
Anyone pointing gun on them to buy properties?

Since when just start working, buying car and properties is a must?
No offence.

there won;t be any "real investor" left. No one will put say 1mil hard cash on a 1mil prop, and expect 20% or 30% return on 3rd year........

it may not be a good news for flippers, that's for sure...but it might not necessary be good news for homeowners too.

every new launches...developers know that they need flippers to support their biz. well known developers have many followers....so as high as 90% followers....basically they don't even need public launches (usually for show only).

assume, no flippers buying...so what will be the next best steps for developers to do?

- still sell as normal, will take longer time to sell, hence....price increase....more expensive homes....
- launch in smaller batches...but this costs more on ads and admin cost...beside, land holding cost and other incidental cost......also can't get "good deal" from bankers and legal panels (bcos of smaller transaction)......what does this means? YES, more expensive homes.

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Added on May 14, 2011, 8:40 amdun think it's so much to do with price increase......

turn back clock 30yrs, link houses then 7k or 10k only.......should we be complaining about cann't afford houses even 5 years ago @ 200k?

these days, youngsters got spoiled lah...everything also want new, from cars to toys to adult toys....most riding on FAMA banks, well fed, fully supported education. All these no thanks to good malaysia economic progress in the last 40yrs.....

when they came out on their own without mammy and daddy supports, and can't affort to buy their dream homes to call own....then they cried loh......asking for help.............

This post has been edited by BEANCOUNTER: May 14 2011, 08:40 AM

Yes... i agree.. as i already told earlier... the young in below 28 yrs old (not all lah, but majority).. is using their grandFAMA or FAMA resources, as they have more resources to burn (Sell their house/shop to fund for their children 1st hourse in Klang valley for example). but wat happen after this resources full/half burnt... FAMA support their next generation also because hope them to "support/take-care back" (This actually is a MUST even without any support from them) when they are getting older in years to come... Young generation, pls dun think this is FREE lunch! No FREE LUNCH in this world... in any matter i can said. Because this is not ur hard earn $$

Wat happen if the resources fully burnt... their follow next generation no more resources to burn.... Social problem will follow...


** Why i said no more resources to burn.. because things (property, food, petrol, sugar, medication, transportation, insurance ...) will be getting more & more expensive. $$ already burn into inflation...



This post has been edited by sampool: May 14 2011, 10:20 AM

A few weeks ago, I argued here about a drop in property prices in Malaysia due primarily to a crash in the Chinese property market and its subsequent effects. I have reason to believe that this is no longer true. Mainly, I have read that:

1. The number of unoccupied properties in China is lower than expected. While it is still bad, occupation rates seem to be improving.
2. Wages are increasing faster in China than expected and the saving rate is going down, spurring domestic consumption.

Slowly but surely, China is moving from being an export-led juggernaut to an economy based on strong internal fundamentals. I guess they have it much better than us in Malaysia. Here we have rising property prices but stagnant wages. There they have rising property prices too but wages seem to be rising to match. Overall inflation (in non-property) in China is still a problem and something to pay attention to.

This means that I no longer expect a hard crash in China in the short term (within 5 years or so). Consequently, I do not believe that property prices in Malaysia will drop either. I expect prices to either increase at a more moderate pace or to stagnate at worst.

In the very long term, I am still bearish on China. Their demographics are totally wacko, due to their one-child policy. Their population is aging fast and the severe imbalance between the number of males and females will create tons of problems down the line. But that is something to worry about 15 to 20 years from now.

This post has been edited by wankongyew: May 14 2011, 12:06 PM

it's surely impt to have a change in view when as time passes with new info becoming available.
one should not rule out some crash in china's housing in some subsuburban areas. urban areas, no chance.
similarly, i will not rule out some price correction here in some areas, some projects. price correction in the sense of asking prices mellowing 10-20% compared to now.
an outright "crash" across the board with transacted prices dropping >30% is most unlikely unless the politics go rotten bringing civil unrest.

This post has been edited by AVFAN: May 14 2011, 12:52 PM

that's why never say never.
what goes up must comes down and in share market, what goes down also will anticipate a rebound. but of course, some share just delist.

Agree with u. Now the properties price already sky high, even thought a lot of them purchased for own stay but they are in 80/20 or 90/10 loan. In the case where there is a sudden hike in interest rate, they might not able to service their home loan which will results in foreclosure.

Sudden Hike in interest : this will means BLR shoot up around 8% 9%? I think Those who bought a house below 300k will still manage, for those half a million above, they might have.

I think in short, those over commit will have problem.

In general, in those Asian developed countries, their 1st time hse buyer are getting older and older, but I can feel that Malaysia's 1st time house buyer (Chinese) is getting younger & younger.. not a healthy sign... Wages dun increase but these young group buyer still can afford, I can only relate this to the change in the Chinese family structure.

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Added on May 14, 2011, 3:29 pmMany of us in this forum experienced 10%-12% before, 8/9% is nothing to shout bout

This post has been edited by UFO-ET: May 14 2011, 04:08 PM

Cherroy, ah - you're a candle in the wind
The religion of lifeSTYLE pushes youngsters to new cars (every 3 to 5 years yar), condo/house and gadgets. Sooner or later, they will learn LIFEstyle is better. If not, well then lifeSTYLE people will help boost our economy while LIFEstyle people ride on their binge.

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Added on May 14, 2011, 4:07 pmStatistically, for the past 20 odd years or so, average BLR is about 7% to 8% (BLR ar, not mortgage which may be BLR + / - x.xx%). Thus, at current situation, personally if i buy a property now, it'll be using a FIXED rate loan from ING or AIA. Scary BLR... (thanks to BNM OPR rate hikes)

This post has been edited by wongmunkeong: May 14 2011, 04:07 PM

Wow! A lot of bashing on youngsters purchasing properties with FAMA support. But why people are so sure that when youngsters purchase properties, they must have FAMA support? 10% on RM500k is only 50k. Even 1mil house require only 100k. Furthermore, if got rebate, then actual outlay is much lesser. No, not all require FAMA support. EVEN if they require FAMA support, what's wrong??? It is only natural for parents to support their children. I have read so many posts that give a negative connotation if youngsters purchase properties using FAMA support. it is like these kids are 100% spoilt. Come on, if one is born with rich parents, it is not the kids fault right. And if your parents are rich, what's wrong with helping your own kids? If you educate your kids correctly, they will not be spoilt.

Malaysian chinese is getting richer because they have fewer kids than their parents' parents. The wealth are passed down from one generation to the next generation. Even though the wages has not increased much over the decades, malaysian chinese (generally) still see the importance of owning a property at early age. This could be due to culture or the fact that there is no other investment instrument in the market that can better protect a person's wealth... just my 2 cents..

Today visited desa park city, the enviroment is really nice !! So passby their sales office, got new launching property the mansion, about 90% sold. The price is 4m++ to 5m++ ... and I heard it is balloting ... 4m 5m property also balloting ??!!!! There is alot of rich rich men/ladies in Malaysia !!