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

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chubbyken
post Mar 25 2011, 02:12 PM

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QUOTE(naing @ Mar 25 2011, 12:32 PM)
I&P is going to launch a new phase in Alam Impian this weekend and the pricing is at 650k for a double story house. The pricing for similar build-up at the same site was 590k when they launched it in 2 months ago......
Should we still hope that the price could come down in this kind of market?
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developer is the ultimate winner

chubbyken
post Mar 25 2011, 03:17 PM

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QUOTE(22222222 @ Mar 25 2011, 02:32 PM)

Added on March 25, 2011, 2:45 pmWoww......OPR will hike to 3.25 end of this year....prepare urself
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according to many sifu here
no matter tsunami, earthquake, 70% LTV, GE, war, crude oil price surge...
nothing will make property price down but up up up
flex.gif
chubbyken
post Mar 25 2011, 03:47 PM

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QUOTE(wwwcomment @ Mar 25 2011, 03:42 PM)
come on wee1030
u say like that a lot of ppl will say u r hoping our boleh nation economy to go to drain.
lets pray together for property up up up
at least 40% per year
we need the investors or flippers to contribute to the grow of our belove nation.
lets pray hard.
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+1. drool.gif

our country's future depends on the investors/flippers.
pls dont let them fail
a lot of new grads need to rent houses from them.
chubbyken
post Apr 5 2011, 09:27 AM

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QUOTE(Bobby C @ Apr 5 2011, 09:22 AM)
Received some wind from the top.

Be very prepared for the next storm looming right after GE.

Crude oil now Usd108 how come no hike on fuel? Why so steady and silent? No like Pak Lah 30% hike? Learned from mistakes?

Actually nothing new but just confirmation. Yup, they are going to abolish all subsidies pertaining to petrol, diesel, rice, fertilizer, (don't know abt medicine) .... Malaysians have been pampered way too long. Time to bite the bullet. So further inflation coming right after election.

Cannot imagine what going to happen next. All the best 1Malaysians!
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sound scary rclxub.gif
so the property price will rise or fall?
i guess rise due to inflation? blink.gif
chubbyken
post Apr 5 2011, 10:39 AM

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QUOTE(CKHong @ Apr 5 2011, 10:20 AM)
thats why i'm hoping GE will come ASAP..
wanted to know after GE and BN won..  what else will increase..
it will surely cool down prop price.. if every shiitty thing increase..
if end up the prop price still jump big one.. then.. no choice zo.. have to fast fast get a flat/apartment..  vmad.gif
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CK Hong
maybe u shud fast fast grab now
all the sifu here showed indicators that the price will up up up laugh.gif
chubbyken
post Apr 5 2011, 02:06 PM

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QUOTE(CKHong @ Apr 5 2011, 12:22 PM)
now kenot grab first.. i'm still dreaming on condo...where i can't afford now..
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u plan to buy subsale condo or new launch condo?
chubbyken
post Apr 5 2011, 02:21 PM

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QUOTE(CKHong @ Apr 5 2011, 02:12 PM)
most probably i will go for new launch property..
dun have much $$ on hand .. so kenot buy subsale condo..
gf prefer subsale cus.. she worried developer po chan.. then ended up we dun have the house..
subsale, seller jack up price + snp + berbagai bagai fee's + 10% downpayment..  T_T
my $$ oni ngam ngam can pay 10% of downpayment nie..  so i can oni look at new launch where there is possibility that developer will bare the fee's
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but new launch nowadays all far far one woh...
unless u work at the far far area also...
the prime arae one all sky high price...

agree with u on the subsale
S&P, lawyer, Stamp duty,...
the worst is price is very high compared to bank valuation
so need to fork out a lot of $$$...
sweat.gif

This post has been edited by chubbyken: Apr 5 2011, 02:25 PM
chubbyken
post Apr 5 2011, 04:25 PM

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QUOTE(22222222 @ Apr 5 2011, 04:17 PM)
Haha...nowadays 350k...oso cannot kenot buy property...so sad... cry.gif

Y u didn't consider OUG Parklane....still can get below 300k.....

or OG height....Bukit OUG Condo....all around that area.....
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how about just "hard hard" buy it? dont care so much?
since ppl all say price will still go up
and can loan 80%
nod.gif
chubbyken
post Apr 5 2011, 05:15 PM

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QUOTE(CKHong @ Apr 5 2011, 04:26 PM)
kenot.. if over 400k.. monthly repayment is hell for me..  kenot afford it.. i need to give $ to my parent as they're retired edi..
buy zo house.. got extra usage need..
eg : water, electric, maintenance fee etc etc
now i renting a room.. paid RM420++.. only left like 1k++ savings oni..
thats why kenot hard hard buy it.. if not make myself suffer nie
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right also
if hard hard buy
then BLR rise
also kena...


chubbyken
post Apr 6 2011, 09:00 AM

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QUOTE(deric79k @ Apr 6 2011, 08:34 AM)
i think sure will drop .. crazyhigh site
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ya
i got a colleague
bought a 16*65 2 story terrace at Serdang 9 months ago with $183k
now the neighbourhood got ppl sold at $330k!!!
then his neighbour also want to sell now at $350k (with soem innovation)
imagine from $180k to $350k in 9 months in Serdang
crazy...

another colleague bot a $450k at puchong far far (i dont know the name)
now say got value at $600k
imagine a 20*65 terrace can sell at 600k
incredible

dont know how true the market is
is it really demand???
unsure.gif
chubbyken
post Apr 7 2011, 03:16 PM

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QUOTE(wwwcomment @ Apr 7 2011, 03:05 PM)
good job!  rclxms.gif
i suggest you invest few more units there befoer it is too late  icon_idea.gif
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agree. since everyone also say up up up, shud just grab as much as you can. refinance ur existing property since it already went up so much. 20k for two weeks is not bad. unless you are not that confident it will continue go up.

chubbyken
post Apr 7 2011, 04:22 PM

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QUOTE(wwwcomment @ Apr 7 2011, 04:18 PM)
ya
if you are not buying
pls let me know where is the property
let me borrow kao kao and buy
u untung also
the price will be goreng even higher.
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wahahaha, pls count me in. i dont want to miss this.
CKHong where are you? I think this one you hard hard also need to buy. Join us!
chubbyken
post Apr 7 2011, 05:52 PM

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QUOTE(soongkm @ Apr 7 2011, 05:40 PM)
Hey, some of these people are not buying is not because they can't afford it.  It's just that they see the truth in this "property illusion".  Suddenly in just one year, that is 2010, suddenly property goes up so much.  Must be manipulation!  These people who see this are smart.  Sometimes is not about affordability.  For example, would you pay RM100 for one durian?  Can you afford it?  Well, it is expensive but i am sure many people can afford it.  But would you buy it?  Not really, unless you die die also must eat durian or you think durian will cost RM110 tomorrow.

So please, not all people don't buy now is not because they can't afford.
huahahah, i like the durian analogy. well done.
further more i wonder, last time durian considered expensive, did ppl at that time foresee that durian can be cheaper like nowadays?
or they think durian price can only go up up up
so buy buy buy and eat all u can then?

This post has been edited by chubbyken: Apr 7 2011, 05:52 PM
chubbyken
post Apr 8 2011, 01:37 PM

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QUOTE(Drian @ Apr 8 2011, 11:47 AM)
I'm predicting stagnant or very little growth.  I doubt it will drop.
Overall no drop unless those oversupply kind of lcoations.
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if inflation and hopefully salary continue to go up
property stagnant is kind of equivalent to drop...
chubbyken
post Apr 11 2011, 11:20 AM

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QUOTE(CKHong @ Apr 11 2011, 10:36 AM)
LOL.. i went for vacation.. yesterday baru balik..
omg ! 2 week up 10k.. i hear dou also scare =.=
we must trust bolehland..  biggrin.gif
but still.. i'm going to wait..    >.<
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welcome back
i told u want safe for property?
still go for vacation hehehe?

chubbyken
post Apr 11 2011, 11:40 AM

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QUOTE(CKHong @ Apr 11 2011, 11:33 AM)
lol.. now still saving $$ for downpayment luh.. if still kept increasing.. i will use my $$ to get an apartment rather than condo.. now praying for condo luh.. my $$ not enuff for condo yet mah..
tiba tiba kena called sucker LOL !  if at the end i buy apartment(price kept one skyrocketing) then nvm lur.. i just have to cope with apartment lur..
getting an affordable house (low class a bit) is far more better than getting a non affordable house..  each month think how to get more money.. end up kenot settle the house loan.. ask from parent..
veli malu one leh.. rambut putih pun banyak.. stress lah like tat..
ohh.. wanna save for props.. but have to enjoy also mar.. gf ask for vacation maa~  aha.. but after this.. no more vacation liao.. maybe next year oni make another..
haih.. youngster nowadays.. but even if i dun go vacation.. with extra 2k++ also kenot help much.. so better go enjoy while saving luh.. at least i'm not a slave for all the time mah  biggrin.gif
go vacation can be non-slave
2012 coming what..  so enjoy first.. and let see the props price how..  i'm waiting GE actually.. wait after GE.. there will be alot of rules changes..
especially in the banking sector.. and also petrol price.. macam macam change ada  smile.gif we're in bolehland ma..
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if u let the sifu here know u go vaction
they will say u youngster dont know money management nie
go for vacation, electronics stuff, etc...
u will be asked to find 3 more part times
huahahaha
just kidding ya... tongue.gif
chubbyken
post Apr 11 2011, 03:37 PM

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QUOTE(AVFAN @ Apr 11 2011, 02:43 PM)
recheck yr math.

=(1.067)^40*60=803

correct answer is 6.7% cagr which is about right for very long term.
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oh ic
6.7% annual only
better than EPF a bit loh

unsure.gif
chubbyken
post Apr 13 2011, 01:54 PM

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QUOTE(UFO-ET @ Apr 13 2011, 01:23 PM)
I worked in PBB b4 also, PBB and Hong Leong style are like that one, very careful and Kiasi, that's why theirs' NPL are so healthy, last year I also told by UOB that they stop giving loan but now buka paip besar-besar...
Very hard to judge fr the movelah
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yes i think now very easy to get loan
hv a friend just bot a new launch at bt jalil
her salary is like 6k, buy a 600k unit
but just need to downpayment 20k
no need instalment before VP
loan repayment 2.8k
she has car loan some more
dont know how come can get such a loan approval
i tot malaysia is very strict and no need to worry about finance credit crisis...

blink.gif
chubbyken
post May 3 2011, 05:19 PM

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QUOTE(ngaisteve1 @ May 3 2011, 04:43 PM)
I think we need add more cautious as guru Gavin Tee share that

http://www.swhengtee.com.my/swhengtee-news...ction-this-year
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OMG
even guru also said that??? shocking.gif
chubbyken
post May 5 2011, 11:40 AM

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QUOTE(godutch @ May 5 2011, 11:13 AM)
LOL

if genuine buyers cant afford the current high price, you think they will buy 30% higher?  rolleyes.gif
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another opinion of RPGT will make seller jack up price
remember one post from a forumer said RPGT 30% then seller jack up price 50%
as if ppl must buy else will die

i also hope can jack up
becasue i want to sell also in that case...

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