yes, i just bought a bed + matress. the factory said price will up 10% after may 1. so i hv no choice to buy it now (deliver in end apr) even my condo is under renovation. salesman (my fren) advised me to keep all beds in one room first.

buy good location prop is like buy good bluechip stocks, price will only up (due to inflation). good location mean within KL centre, good blue chip mean those companies with ability to make profits eg maxis, petronas, ytl, shangrila, digi, nestle etc. dont go buy ulu ulu and far far prop, similarly dun buy risky stocks.
in fact genting, carlsberg, BAT (tobacco), GAB (guinness beer) is also very good stock but Malaysia not sure..

i recalled a shenzhen person form a group want to boycott buy prop some 10 years ago. til now shenzhen prop is still up up and i think this guy hv commited suicide. so many ppl blamed him and he is broke.

i lived in many oversea big cities b4 (long stay) eg Singapore, HK, Shanghai, Beijing, Shenzhen and i always hear the same boycott, but til date i havent see prices drop in those big cities. I mean central not ulu ulu Shanghai, Beijing.
KL is still developing and will become same with those big cities one day.
if u buy within perimeter 30km from KLCC i think shud be safe. (especially in long term)

buy stock/prop 10, 20, 30 years ago, or buy now or buy 10, 20, 30 years later - u go figure. in short, if u got $, pls invest (stock or prop).

yes, 1000% true.

also in oversea, if a prop price drop, it is always related to population shrink as the township's economy or manufaturing activities loss competition to Asia eg China.
but u dun see price drop in CBD area. the report is always generalized the whole US or UK. like in msia, govt said KL price oni increase 5-6% in last year.

i think a lot of ppl buying prop is to hedge against inflation like me. when u save enough $, u will pour into prop and repeat the same thing again again until u r retired. (no right or wrong timing, just save and buy like regualr saving plan) when u r old, cant work anymore, retired as nobody want tonhire u , u will depend on rental income to survive. if u unlucky fall sick, ills and need operation/medication, u probably can sell 1-2 prop to fund yr medical bill until u recover/fit. compare to a person, who put all their hard earn $ into FD or enjoy life etc. by time 30-50 yrs later, your 1mil is only worth 10,000 now. how to pay for your medical bill?? history tell us, 30-40 yrs ago , DSL only sell 10k and now 1mil (non prime and become prime now). I learnt this coz my parent did bought a 10k house 40 yrs ago. i want to repeat the same thing. if my parent ills, they can use their i mil for medication . (which i think is enough). they have problem if they rent oni 40 yrs ago

i m the one that dun trust insurance, when come to claims they will give u all sort of excuses. the yield is oso much lower than prop investment. agent always exagerate the yield. they oni care about thier commission rather than your actual/basic needs. they shud introduce max coverage with lowest premium eg term insurance etc i/o of saving /investment plan etc. pls read http://tankinlian.blogspot.com/ and all other web related to insurance eg ask mr tan etc. although it is singapore web but can apply to msia too. i can tell u more stories if u want. if my parent bought a policy 30-40 yrs ago do u think they can have 1mil now? in fact they hv multi mil from prop investments from regular saving and invest plans.

i remembered during 1997-98 crisis i refinanced all my existing prop to accumulate my cash and wait for good fire sales, but it is not happening. who said 97-98 prop price drop?? pls show me facts b4 and after. dun show me the generalized graphs. i oni interested in KL, PJ prime area. eg ttdi, ss2, damansara, ampang, bangsar, KL within 5km etc. i know becos my existing prop did not drop....yes there are many abandoned project/factory (mostly non prime area). but danaharta has sapu all. u and me no chance at all. danaharta later sell at higher price when market recover in 2000s', dun know where is the profits goes to??
also if u compare price now vs 97, it is doubled, tripled etc. so wat ever u said crisis, KL prop price still up. i also wait for fire sales during 08-09 but none there. now i gave up, just buy when i have cash. or else my cash will worth lesser after 10, 20,30 years later due to inflation. population growth in KL (locals, other part of msia and foreigners) will drive prop price up further.

i dun think china prop will ever crash coz the demand is still very strong. chinese do not have other mode of investments like Msia and rest of world, so prop is only mode of investment to hedge inflation.
p/s china share is not liquid as msia, mostly control by govt. so the share market is much manupulated (much severe than msia 's epf, khazanah etc), so chinese usually not interested to invest in share market or UT. major cities eg shanghai, beijing, shenzhen, guangzhou, tianjin etc still flocked with rural folks who look for job and want to change thier life. the situation become worst when china govt scrapped the entry pass system. now people can freely move from rural to cities. many young people prefer to live and married in major cities. the same will happen in KL, more youngster will migrate into KL. in the past were chinese and now malays.. (only MIC advised theirmember to move back to kampong, but who willing??) more and more malay corporate/contractors set up company /do biz in KL (with UMNO help?) and definitely they will attract more young malay to work in KL. Now my office building see more malays face compare to 5 yrs ago. same to buildings eg petronas, carigali, perkeso, uda, sime darby, felda, naza, gamuda, uem, wawasan merdeka etc. with so many infrastrutures til 2020, expect more rural malays will come to KL.

as i hv mentioned many times earlier, dun compare ulu ulu places in china, usa, malaka with KL. i live in shanghai many years and never heard of the cities mentioned above. i still strongly believed if u work in big cities eg KL anytime is good to buy prop to live or invest. the earlier to buy (when u saved enough and can afford to pay DP) is better coz history tell us prop in big metro city will never drop due to inflation and increased population. if u prefer to wait it is up to u but dun misleading us. if u want to convince us that price in big metro cities/CBD eg shanghai, beijing, shenzhen, jakarta, manila, new york eg mahattan area, paris, taipei, hk, london, bangkok, ever drop in last 10,20, 30, 40,50 years , pls give your facts and examples. i refer to major area not ulu ulu beijing (eg outer 8-10 ring road etc) and dun give examples of inner mongolia, xinjiang, outskirt melaka etc. i m a city boy (and live b4 in major global cities) and i know what is going on. if u r new comer in KL, u have no choice to join the race. the business activities will continue in CBD and prop price will continue to rise. (unless revolution take place like china communist who take over /confiscate your prop which not likely to happen nowaday). dun blame the speculators coz they cant sapu all prop in KL. how many prop one can buy? whole block?? 100 units ?? and pls compare tis numbers with total KL prop built all these 50-60 years. millions ?? wat u need to do is work hard and save $ to buy or invest your KL prop earlier to avoid pay higher prices later on. dont complaint , this is real life. no one including govt will not help u, u need to help yourself.

not sure u hv read my old posts. after travelled to so many cities , i know the $ will become smaller and smaller.. (if u dun know how to invest and grow your $ eg stock, prop, do business etc). 1mil may worth oni 10k in 30, 40 years time..
i am too lazy/not smart to do biz and no good in share market, so i went to invest in prop to saveguard my $...
i know i will suffered when i m old if i dun invest in prop regularly. in today world, u cant depend/rely on your children nor the govt especially msia/BN.

trust me, u cant get the same price later if u let go your prop now. (in metro KL case). it will only get more pricey after few years especially long term.

agreed to let go now if yr prop got lots of problems and not worth time to repair, let the headache to someone else. but pls make sure u buy/replace a new one immediately. u may loss the legal fee etc, but better to faced the leaking problems forever. sell slightly lower also can.

to subsales buyer, pls get prepared to spend $ and TIME for repairs. if u are not good in contractors /repair, pls buy new prop with reputable developers. new prop always higher price due to above reasons.

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Added on April 18, 2011, 6:08 pmi sold a leaking DSL 3 years ago but immediatly i bought /replaced with another DSL (from subsale), i will regret if i dont do anything after selling the old unit.

This post has been edited by lucerne: Apr 18 2011, 06:08 PM

yes dun stereotype, many malays are now Azizi Ali's follower (who wrote many prop investment book in bahasa malaysia). i also see more and more malays attend forums, seminar, expo eg recent EDGE, prop fair etc.
Believed more malays will come to work and live in KL after graduated at KL U's. many are well educated, work in GLC/MNC and become smart investors nowaday.

firstly i dun trust all these charts cos it is always been generalized and not reflect the truths

eg if u refer to jpph data which ho chin soon always used, KL properties dropped in 1997, but i mentioned in my earlier post. i'd accumulated all my $ to anticipate for good buy near my choice areas but cant found any. the data can be misled as many prop sapu cheap by danaharta during 97-98 whihc may distorted the chart. u can ask around who is selling cheap during 97. maybe a few cases but u cant generalized to all prop in KL.

US - pls compare KL with new york eg mahattan area, LA is too big...maybe we can compare LA as JB? even JB town eg taman pelangi, sentosa, century is doing ok during crisis.

japan- not a good example coz Yen caught in wrong monetory policy due to US intervention. we also discussed b4 that Japan prop price in term of USD is still firm. yen appreciated 3x (from 320 to 80) while prop drop abt half or max 1/3 (pls refer to earlier posts for Japan prop)

HK and Taiwan - the yoyo chart is refer to price change, your given prop price index chart is still show way up. btw, can we compare only taipei CBD?

i agreed that share also the same, but i m not good in stock market that is why i opt for prop investment to hedge against inflation (long term)
some blue chip share can perform badly eg MAS,TNB etc ( i m not expert but i know many good stock perform badly in long term)

also it is better to invest prop in prime/CBD area. coz not so good location prop always has higher pressure to sell lower price when bad economy.

sorry for long silence as i just back from my long US biz trip. feel abit tired to log in LYN...

i had earlier commented that prop price will always up in long run..i wud like to share my experience here..
maybe my case is abit different. i hv been buying/invest in prop for more than 20 years. i think i maybe one of the the oldest member here...right?
During earlier years, after graduated from U, i forced myself to buy a unit every 1-2 years when i have enough saving. i will only buy low cost apartments eg 50-60k etc and rented out (tenant will pay for installment fully or partially, When days my income rise, i will then buy more expensive prop eg mid and high end condo eg KLCC, DSL, SD, bungalow, shop office etc; from 100k to few mil. so it is almost similar to buy UT by regular saving mode. the price maybe yoyo is short term but in long run the prop will increase in its value (due to urbanisation and inflation etc). i will only concentrate prop in KL centre since I know only KL better. I seldom travel to other msia city coz my regional role require me to live in oversea. maybe i m lucky coz my salary is in SGD Euro or USD which has more intrinsic value than MYR so can afford to invest in many prop.
Since i have many prop in low price base, i can tolerate to some minor adjustments (but so far i have yet experienced any in KL centre prop, all my prop hold very good prices/rental). it is similar to my gold investment, when i first buy it is only ard 500usd, since i believe gold can hedge inflation, so i continue to buy regularly since i hv a low base, even though it may crashed to 1000, but i believed overall i still can make some $. so i can freely buy and sell portion of my holding when reached my target profits. buy low and sell high again and again..i dont consider i am a speculator, i more like an investor especially in prop. i usually hold a prop quite long. (much longer than u think)

so if u want to invest in prop, better buy it earlier + earn more. when u hv more capital ($$ or lower base), invest again. key is to buy in metro city where price can hold better + easier to rent out due to higher demand. older /leasehold also never mind. dun buy in ulu ulu places. cheap and freehold also no use. same u buy only highly demand gold, silver, copper etc and not to buy low demand zinc, antimony tungsten etc

i do think that if prop drop/crashed (which i think very unlikely to happen to KL centre prop), if so, i will buy more units for investment (for future gain). so in meantime i just continue to look for good prop to invest for long term gain.

yes condo is still good buy (especially older one), i will look at rental yield (>6% net)+ location (for me must be in KL centre, preferable within 10-15km radius and have good demand). most my previous props now have >10% rental return (base on old purchase price @ 5,10, 15, 20 years ago)

any new prop purchase now rental will help to offset my bank installment while waiting for long term appreciation/and rental gain (to hedge against inflation /saving).

if rental yield/demand is good, not likely the prop price will drop.

i think they are many people waiting to sapu cheaper prop if they forced to sell at lower price. Some loss, some gain. dun underestimate the number of cash rich ppl in msia. the ratio cud be very high eg 10 loss: 1 gain. Like in casino, cash rich unlce lim always win.

if the youngsters do not control their spending habit and save more, they will going to suffer.

Recent EDGE property forum 2011 reported that new prop supply dropped last few years (vs 03, 04, 05 etc) , only lately the supply slowly back to normal again. this is why the prop price increase in 2009, 2010 due to short supply. agreed??


Not sure when the supply will back to normal again and price will stabilized like previous.

EDGE forum also commented that you will never get the same (or lower price) for the same house/area once you sold the current unit. true?

Agreed, Singapore finance cost is only 1.5%, if Msia prop rental yield is 4% is much better than Sg. Mor Msian , 4% is -ve yeild. I have many Sg, HK, China fren are buying KL prop.
most of them remit their MYR rental back to their home contries coz they woprried MYR will depreciate against SGD, RMB in long run.

This is happening in China. Dun believed? Asked those living in Shanghai.

this debate very similar to when i live in shanghai from 2004 - 2009; 2 camps are debating if the price will further increase or drop. at the end,the price continue to shot up like nobody biz. many of them have gave up waiting and buy their 1st prop for own stay. shanghai is like a magnet, many graduates from all over china flocked in looking for job here (due to much higher salary than 2-3 tier cities). it is scary when u visit the job fair in shanghai. even the job fair is making money from the graduates. (lot of scam too). will KL be the same?? i think it is much depend on msia economy model. if msia open up like china and allow all co (non bumi and foreign) to compete in msia (no bumi preference, biz frenly etc) , msia economy will grow very fast and house price will be same like china, singapore etc. however, if msia continue to close door, then soon we will far behind indonesia, thai, vietnam etc. (which is more biz frenly countries)

so, which do u prefer?

slow economy --> affordable lower cost house (like 5-20 years ago with the protected NEP)
fast economy (like china model)--> high price house (after najib etp?)

i asked many ppl in china , most of them prefer the later. they dun want to go back to ming, qing, mao 's closed door era. (house is cheap, some even free and u can build house in any place u like). But today they want to participate in the economy growth, most prefer Deng's open economy model. (except Tibet??)

what do you say?? May be different race has different preference?
Malays/Bumi prefer protectionism NEP
non Malay prefer open door /full capitalisme model??

i think both has it pro and con.
if slow economy, everyone is poor (like today msian vs many advance countries) but no fighting
if fast , rich poor gap is very very wide, like US, China, Singapore etc (if u are smart ofcoz u like this model)