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Financial Are property prices going to drop? V2, The heated debate continues

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CKHong
post May 25 2011, 09:30 PM

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After 2~3 years.. and all the props finish build.. will overload .. don't think so many kampung ppl will migrate to kl.. high income county cannot be achieve within few years..

QUOTE(kh8668 @ May 25 2011, 09:27 PM)
new launches confirm will be higher in prices.

bargains maybe from subsale, but hor entry cost much more higher.

so 300k property, you need at least 50k cash standy.
*
If one is forced to sell those properties(cannot tahan already the loan repayments) .. he won't be demanding the price higher than market value..but 50k is really need for all those fees and snp fees..
At least it won't be like the situation I'm having now.. at least need to fork out 80~100k

This post has been edited by CKHong: May 25 2011, 09:37 PM
CKHong
post May 25 2011, 09:46 PM

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Yeah.. now new launch is so easy to sell mainly because overpriced subsale..
CKHong
post May 26 2011, 09:43 AM

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another one is major issue...
2012 [the movie]
smile.gif


QUOTE(kh8668 @ May 26 2011, 09:39 AM)
new Car Price e.g Proton Saga 1.6 also selling 46k liao....car price up, new property price sure up also, right...kekeke
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I hope bolehland stop promoting Potong car..
reduce tax for imported car.. damn.. if without tax.. i can get decent car with nice price.. not so much problem.. rosak sini rosak sana..

This post has been edited by CKHong: May 26 2011, 09:45 AM
CKHong
post May 26 2011, 02:00 PM

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QUOTE(Gensuper @ May 26 2011, 12:53 PM)
Sori....im newbie......its properties reli go down??? worldwide??? can share where? when? after going down it wil be going up back rite jus matter of time????
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nobody know when.. smile.gif all are just guessing smile.gif based on what we've observe for the past few years..
CKHong
post May 27 2011, 09:26 AM

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jialat liao for US.. :'(
CKHong
post May 27 2011, 01:32 PM

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previously thought forumers was joking
Tycoon Li Kashing firm buying malls in Malaysia
http://biz.thestar.com.my/news/story.asp?f...88&sec=business
come invest in bolehland.. nice one li KaShing !
CKHong
post May 27 2011, 02:19 PM

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QUOTE(Nepo @ May 27 2011, 02:15 PM)
Buy now if u can especially for own stay. RM300 vs RM270 still not far apart, recommend buy! smile.gif
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agreed.. somemore fully furnish..
the place i saw.. non furnish.. the design like shakehead.gif ..
market value vs requested by genius seller.. diff 50k
After i heard that straight away i tell my gf "i dun wan this place already"
CKHong
post May 30 2011, 09:30 PM

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QUOTE(22222222 @ May 30 2011, 09:28 PM)
No matter how the BN sure win lah.....but wt/wtout majority oni....
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yeah i agree.. kampung + ulu ulu sure vote barang naik one...
only those in city got higher % opposition win..
CKHong
post May 31 2011, 10:59 AM

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omg.. the snp fee's and loan agreement fee's so expensive one ah... ><"
CKHong
post Jun 2 2011, 12:02 PM

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QUOTE(property101 @ Jun 2 2011, 11:51 AM)
when property price drop, for the people who are waiting for it to drop will have following but not limited to the following:
1. economy so bad that the person is out of job, afraid of the uncertainty, clinging so badly to his cash and didnt buy eventually until the economy become good again and property price go up again.
2. wait for property price drop further, because if i buy now and it continue to drop, will rugi...wait and wait and wait...

developer is running a business, the purpose of business is to make money (duh?!). flippers are also treating their flipping game as a business. they are solely responsible for their business risk. whether they get into trouble or become freaking rich, the consequence belong to them and only them.

mid income people always lose, always be the most suffering. the rich and government are both sucking them together. in case anyone has not recognize that, yes, it is a fact. mid income people choose to stay in a comfort environment, the consequence is always not enough money and time.

rich people are always making more and more money, where do u think the money come from? answer, middle class
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if economy so bad till many rakyat out of job
who'll get the most impact ? a person without a house.. or a flipper/investor with alot of unit ?
if they still dun want to buy props.. then we got nothing to say to him already.. go rent for whole life la.. and stop complaining..

yeah they can wait for props to drop further.. but they have to make up a point like
currently the props is 500k.. it starts to drop to 450k
decide now! how much u're expecting to drop.. let say 420k [lets be realistic] duno expect it to drop till 200k
if let say it drop till 430k.. then next month it jump back to 460k [u still wait meh ? already start climbing]

now 460k u buy.. still untung from 500k initial price what.. if he still wait then..... just tell him to wait lur ~ their fault already what ~
CKHong
post Jun 2 2011, 01:26 PM

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QUOTE(sampool @ Jun 2 2011, 01:11 PM)
the question should not limited to the price of the prop, but the "willing" to buy the piece of prop...even drop below RM400k also still not buyer.. this case could happen.. who know.  biggrin.gif  2012 -2016 the world economic will be uncertain... directionless.. Fuel hike is main concern...
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yeah.. fuel hike is the main concern.. few more years will be 'no more subsidy' smile.gif
let see how gomen going to use the money .. hopefully it'll prosper msia..
CKHong
post Jun 2 2011, 02:06 PM

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QUOTE(cherroy @ Jun 2 2011, 01:51 PM)
I view rent is not a bad idea after all.
Personally I don't see why must buy a house. My priority is a place that call home, that's enough.
Whether I own, I rent is always secondary.
Yes, owning is the best, but it is not a must for me.

The main priority is the property can be sold or not.
There are properties sitting there, waiting 6 months, 1 year, some even more, there is no buyer turn out.
The most fear is no buyer aka some properties that little buyers show interest, even your slash price 10%, 20%.
Some properties especially wrong location shoplots, you can find zero buyer one.


Added on June 2, 2011, 1:52 pm

Gov doesn't have extra money when cutting subsidy, it reduces the deficit, so that the financial is more manageable and sustainable.
It is not the like cut subsidy then gov has extra few billions.
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for me, i kenot rent for whole life lur ~ one thing i can think of is i rent the whole place, then i buy all my stuff needed.. after 5~10 years the landlord say "i'm going to sell out the unit.. u have to move in xx month later "
troublesome for me to move my stuff [bed, fridge etc etc]
aha.. diff ppl diff needs ~
oh oh.. gov will have extra few billions thru out the year smile.gif its like this year i suppose to subsidy 5 bil per year.. i cut it to 3 bil subsidy.. for 1 year i got 2bil more to do other stuff
CKHong
post Jun 2 2011, 03:26 PM

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QUOTE(cherroy @ Jun 2 2011, 03:09 PM)
I live in a rent house for >25 years.  smile.gif

Some landlord are good, some are not, so it depends.

Rent, means you have no high commitment, can have extra cashflow doing others things.

Gov budget is already in deficit, reduce subsidy means reduce deficit, which in turn gov doesn't need to borrow to fund the deficit.
It just mean no further borrowing needed, it doesn't mean there is more money popping up.  smile.gif
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ohh is it ? our gomen borrow money to give subsidy oh.. now oni i know...
CKHong
post Jun 2 2011, 03:44 PM

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QUOTE(TheDoer @ Jun 2 2011, 03:37 PM)
Personal update, as promised.  Family finally confirmed buying a home. going through paper work now.  My name is not in it.  Objective achieved, more living space for myself, and future family.  I'm not a speculator.
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bro congrats !
u mean family buy a home which ur name is not in there ? who's gonna pay for the monthly installment ? smile.gif
CKHong
post Jun 2 2011, 09:35 PM

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QUOTE(property101 @ Jun 2 2011, 07:34 PM)
i see some people who were bullish about property market have given in and bought one?
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tongue.gif i bought new props.. smile.gif i'm expecting correction for subsale ... not new dev.. hehe..
CKHong
post Jun 3 2011, 12:00 AM

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QUOTE(groggy @ Jun 2 2011, 11:26 PM)
yr new prop will become subsale on VP..he he
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i buy for own stay woh..
CKHong
post Jun 3 2011, 10:48 AM

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QUOTE(WannaGetBuffed @ Jun 3 2011, 10:37 AM)
Oh sorry I was referring to after the crash. smile.gif Now property in the US is so attractive even ppl in Malaysia can call it cheap  wink.gif
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and yet some will claim "bolehland props is freakin cheap for foreigners"
already got news saying that foreigners buying our props is around 10% of total props in msia..
CKHong
post Jun 3 2011, 11:29 AM

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QUOTE(eXTaTine @ Jun 3 2011, 11:21 AM)
Personally, I think some new launches are simply ridiculous, you're better of buying subsale. For those who need a home, please buy something reasonable with your money, don't buy that 300k+ studio for your home as you can probably buy a proper condo for that money. I hope some developers will launch reasonably priced condos but so far, hardly any seems to be doing so....
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subsale also ridiculous.. seller jacked up so much.. we don't have that initial money .. bank repayment still can tahan..
but i agree that developer purposely jacked up the price because the subsale price is so high..
CKHong
post Jun 3 2011, 06:31 PM

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omg.. 490k become 54k T_T
CKHong
post Jun 6 2011, 03:13 PM

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QUOTE(lucerne @ Jun 6 2011, 02:57 PM)
in sg, sh, hk, taiwan, korea...many low to mid income ppl eg working class, blue or white collar r ok to live in smaller, older apt, they know that the high end condo, landed prop r for the rich and expatriates. compare to kl, everyone want to live in new condo, landed prop (not old single storey but new DSL or SD, near city etc..some even want to buy new prop just after graduate. they feel shame if they live in old apartments. they are so many affordable old apartment out there but mostly rented to foreigners, blue collars etc. locals always think that they are higher status adn refuse to stay with the so called "low class ppl". look at sg, more than 80% citizen are living in HDB flat. they dun feel shame to stay together with blue collars workers, low income earners etc. wat's wrong with young msian??
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same point.. b4 asking whats wrong with young msian... tell those greedy seller STOP jacking up the price of the property.. make the price nearer to the market valuation..
so that we young msians able to get the old old condo that u mention smile.gif
we don't go for low cost apartment/flat mainly bcos of bad maintenance and got higher % pencuri go in and steal all our belongings..

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