He made your day by making a mock forecast? Why? are you worried that the bubble might indeed burst?  If you don't like to hear us complaining, why do you come in here?

I can accept if you said last 2 years the bubble didn't burst.

But what you didn't realise is your forecast is as grim, as if there was an economy crisis.

Let's say you are right and everybody can only afford to rent, this will mean that the cost of living has gone up. The next generation can't afford to buy new props, unless they are extremely resourceful, or come from rich families, because props have become "scarce".

Is this really what you guys want? so in other words you want property price to come down or crash?

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Added on March 22, 2011, 1:40 pm
Come in here checking out whether props will drop. Because that's the only hope for us.  That's what this thread is about isn't it? Are you sure this is what this thread is for?

You're so sure that props won't drop, and if you feel irritated by our comments, why do you come here? Simply to mock the poor?

relax bro... it won't be that grim either way.

that scenario is not going to happen so soon since our economy has little steam. income levels will continue to stagnate for many years to come.
even intellectual prop rights has stagnated.
http://www.themalaysianinsider.com/malaysi...ays-think-tank/

it is likely that new props will be priced beyond reach of many but there will be plenty on the subsale market, reasonable priced, many brand new, unoccupied before. just be patient - maybe not 1 yr time, but 2-3 from now. if not too choosy, you should find one rather easily then, imo.

The story con't
13/7/2011
A : Eh..I smell something wrong wit the mkt aleli, everything slowlah...
B : Nolah, look at all those new launch, still BBB mode, why still dreaming?
C : I say aleli property mkt kenot chase one, let's see wat is goin to happen
13/7/2012
A : Walau, everywhere SSS, tis time may be I hv chance to buy my dream hse at discounted price
B : The mkt is really soft, some hv dropped > 20%, can buy aleli
C : Dun be so 'Kan Cheong', mkt can drop some more, the stock mkt has burst...you will regret if you buy now, it will drop some more
13/7/2013
A : Yahoooo, the mkt really crash, the hse tat I wan to buy has dropped 30%, I can afford to buy now..
B : Never imagine tis will happen, really attractive price, must buy now, untung so much ya
C : Wait..wait..wait, now is buyers mkt, why so hurry, dun you see everywhere on Mega sales, auction everyday, many "*** lau" stock to sapulah, wait a little while if price can drop some more..
13/7/2014
A : Everywhere dropping price >30%, dun no which one the best, wait so long must buy now
B : Shd buy now, it is sooo cheap, lucky you!!
C : wait..wait, the mkt is sooo bad, unemployment rate damn high, very risky if you buy property, dun commit 1st, if you lost yr job, kenot pay installment, wait mkt recover a bit then buylah, trust me WAIT!!

Can those new condo launching recently which is not in a strategic/ good location e.g. deep inside puchong, surrounded by low cost, etc selling for approx. RM350k can appreciate further?

If yes, say 20% in 2-3years times upon completion = RM420k? meaning those condo in better location launching now at approx. 550k will rise till RM650k.
How about those already completed now like Desa Parkcity Nadia condo, selling RM700k for 1100sf unit, or Kota damansara OPAL selling 600k for RM1400sf? will they soar to RM 840k/1100sf & RM720k/1400sf

If someone income now, as a Senior Engineer 35 , earning a gross income of RM6500, nett Rm5600. Can he expected his wages will rise 20% to RM7800 in 2years time without promotion in post.
Even now he is struggling for his RM400k condo he bought lately.
house                                1,900.00
maintenance                        200.00
car                            600.00
petrol                            300.00
hs utility bill                          300.00
grocery                            200.00
hp                              150.00
food                            700.00
parent                                  300.00 
insurance & medical car          400.00
entertaimt (clubbing, yumcha) 200.00
hobby/ sport/ shoppin            200.00

total = RM5450.    He spend almost all his money for the newly bought condo & renovation
and he is planning to get marry next year, still puzzling where to find money 
his gf only earning RM2800 gross nett RM2400. 

Hahahah....ya lor, join us la.  Let's listen to all those property owners / speculators to try to have us believe, that it will go up and up and up....These property owners will like us to believe that it will go up and buy buy buy....

Dream on la, property speculators.  Your days are numbered, this will be know as start of the end...prices will adjust by end of this year.  People don't be fooled by these property owners, developers and real estate people!  Hold your money boys...look forward to "shopping" trip on property by end of this year and early next year....

From here, the only way for property prices is SOUTH!

Don't get me wrong, i am not a bargain hunter, i am a property owner, but i am just being honest.  Property prices will be adjusted this year!

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.

actually many people expect house price to drop, my question are :-
1) how much is the degree that they expected? drop 10% fr current mkt price? 20%, 30%, 50%, or below than developer's price?
2) how much drop would make them buying their dream house?
3) Would they buy even the house price drop 50% and they still can't "really" afford to buy?
4) would they buy when the price has dropped to the level of afford-ability (even though drop 10% only)?
5) Totally not buying regardless of any price drop

IMO, I feel sometime is too general to discuss whether property price will drop or not, because somehow you will be right one day, is just when?

May be the above topic would be more realistic to be discussed further on...

Agree.
But when you ask yr aunt, try to recall when the time she decided to buy, placed the deposit, I think her friend around will say she was gila already, so far fr KL (that moment PJ is still in the jungle)..
We kenot rewind the clock....

Well most of the inflated property price nowadays have rental yield <5%.

This is utmost unreasonable return, with large capital outlay required, low liquidity and high maintenance.

Bear in mind, the +-5% rental yield doesn't even take in the maintenance cost of condo / maintenance cost of the property.

Before I sold my BK4 hse in 2010, I hope property price to rise..

I suppose to sell in 2009 for 330K, then I hope price to go up, then it went up to 410K (Feb 2010), I sold. I thought it bout time and mkt has reached the peak
After I sold, I hope mkt will drop (that I can invest again), I was wrong, one year later Feb 2011, 550K can fetch for my house.
You ask me, I am in the position of hoping to drop and hoping to rise, I hv another condo in Kota Damansara for rent and another house for own stay. I am targeting to buy one more condo, shd I hope the mkt crash and I can buy the condo at a bargain?
If mkt crash, I will be benefited & vice versa, if mkt rise, I will be benefited & vice versa

If I hv bought the condo at the price I want, I will hope mkt keep rising. I think you will be in that position one day (to hope mkt recover and price increase after you purchase),
so the moment we point to someone, tomolo we are pointing to ourselves

Let's us pray very hard for this to come true!!

"House prices will rise by a “minimum 10 per cent” this year, depending on the area"

i'm wondering.. why is it depending on area ?
let say same material.. same design.. one in ipoh and one in kl/pj
why is it only the price in kl/pj rise by 10 per cent ?

i dun think the construction cost cost 10% of the props lur.. just that developer duwan the market to crash then oni say that..  haih.. dam u developer !

That's why you are over reacting lor, cityboy.  Because you own a few real estate property in the hope it will always go up and up...

This will not be the case la.  Talking back about China, haven't you heard that the real estate prices in 1st tier city, that is cities such as your Shanghai and Beijing, not your ulu-ulu cities, prices are also coming down already...  do your research la, not talk with your die die mentality that property will always go up one.  Even with the ulu-ulu places in China, do you think they plan to buy that cities and keep it empty for 10 years before people moving in, this is a clear sign of property speculation and you still want to argue against it...and Dongguan is not ulu-ulu like you always like to say la, why the shopping mall is 99% empty since completed in 2005???  No developer or buyers plan to buy a place that is completed and left empty for years...would you want to buy it?  Go buy it la, with your philosophy, keep it for 40 years la, it SURE go up one...

If you live buy that mentality, then why don't you go to US and sapu all the property.  I know one suburb in LA called Victorville.  Before the GFC at it's peak, a house there cost USD350k, now selling USD40k also nobody buy.  By the way, Victorville is not your ulu-ulu place it is around 45 minutes drive to LA city.  Go check it out in the internet.  Buy now and keep for like you say 40 years, it will sure go up one... buy low sell high mah, this is the low time to buy, why don't buy.  I'm sure you are some sort of working professional, USD40k cash is not a problem to you.  Why don't you go and buy now and keep it in the long run to hedge against the inflation?  Don't try to talk up the market just because you own a few real estate.

before putting all yr money and debt into prop, pls think about having enough to eat and keep yr car or not!!

ok, i am sure some will say everything still cheap in malayisa incl homes...



http://www.themalaysianinsider.com/malaysi...rchasing-power/

no need to convert into one currency. For example, A Malaysian earns RM2000 a month and a singaporean earns SGD2000 a month.

Broaband in Singapore costs SGD68.9 a month will take up 68.9/2000 = 3.4% of the Singaporean's monthly income.
Broaband in M'sia costs RM149 a month will take up 149/2000 = 7.5% of the Malaysian's monthly income.

and just apply the rest. Of course, if one earns SGD and buy everything in RM, his purchasing power is many many times higher. But if one earns RM and wanna live in SGD, purchasing power drop many many times as well. This is the difference between a developed country that has strong currency and a developing one.

The point is: people at different country earn different currencies.

just need to put in the average income of an Uni graduate etc then we can tell the living standard.

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Added on April 19, 2011, 1:19 pm

well done +1
maybe the research house should input Crime Rate as well. This is also a cost of living 

Ya, that's what many forumers here have been talking about. The property prices are way too high for an average Malaysian to afford, so either
1) the property prices will be stagnant waiting for Malaysian's income to increase or
2) Property prices adjusted

i heard someone who works in HK as auditor (abt 8 years experience) is earning >50K HKD a month (a high school graduate working as receptionist in HK can earn >10K HKD a month) and another person who works in Singapore (manager) earnings > SGD10K a month.

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Added on April 19, 2011, 2:56 pm

agreed on the salary part. My friend who is also fm melaka was earning RM1500 a month working for a BIG company in melaka 10 years ago. her youngest brother started working 2 years ago, starting pay also the same (no inflation within the 8 years period ke ???) but they both now working in KL.

if i m not mistaken, even working for the same company but one in KL another one in melaka, pay will be different also.