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

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sampool
post Mar 1 2011, 09:44 AM

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[quote=UFO-ET,Mar 1 2011, 10:40 AM]
[quote=sampool,Mar 1 2011, 09:21 AM]
the cut down will proceed if majority cannot afffort. i think banking sector will be hurt the most, majority ppl will be happy, me too. tongue.gif

Yeah, let's go to Bahrain to buy properties rclxms.gif
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[/quote]
i think u need to be citizen there.

i m sure they/gomen are not stupid, their tink tank may advise so as the property in bahrin is follow the world market as well,... so wat to do with us next.... property value may stagnant... because developer not willing to see the 30% cut back later on..... business is full of uncertainty hmm.gif
sampool
post Mar 1 2011, 10:29 AM

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QUOTE(jusco1 @ Mar 1 2011, 11:20 AM)
the sharp increase in cooking oil price is due to promo, is it?
u may check again the price on weekly basis to see if it is really a mark up price...
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i also dun know leh, bcos the price of 5kg knife brand is RM14.xx last time and now the 3kg is RM10.xx last week, so if we extend to 5kg is cost RM17.xx, this is just math cal. i think the knife brand is now change to use the 3kg packing...

my 2 cent only...


Added on March 1, 2011, 10:33 am
QUOTE(UFO-ET @ Mar 1 2011, 11:21 AM)
In this country, except no natural disaster, anything else is certain? If we learn to take the risk, study it properly then we can manage it well
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i think middle east ppl are rather good in take the risk... sweat.gif

This post has been edited by sampool: Mar 1 2011, 10:33 AM
sampool
post Mar 1 2011, 11:35 AM

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QUOTE(cherroy @ Mar 1 2011, 12:31 PM)
Somemore, properties and finance is tightly related.

Properties plunged --> NPL rise, if severe could threaten the banking sector as a whole, just like subprime and financial crisis 2008.

That's why gov is always reluctantly to control it in a big way.
But I see RPGT is a good way to fence out excessive speculation and without affect the health of RE as a whole.
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wat is RPGT?


cherry seem everything also u know ah... property, stock market... notworthy.gif
sampool
post Mar 1 2011, 12:20 PM

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QUOTE(UFO-ET @ Mar 1 2011, 12:57 PM)
Politician hold the most speculative real estate in hand, you might be surprise a very small post politician could have own / speculate > 50 pieces properties amounting to 10 mil - 100 mil, wat about those top position?
RPGT would affect them the most, do you think they will implement it? Not likely
I personally feels that it is the best way to tap price hike so far..
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Haha... CHANGE is the only solution..
sampool
post Mar 2 2011, 02:04 PM

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QUOTE(godutch @ Mar 2 2011, 02:54 PM)
http://biz.thestar.com.my/news/story.asp?f...24&sec=business

Residential property prices likely to stay flat
PETALING JAYA: Property prices of the local residential sub-sector are expected to be flat in the next few months as fears of rising oil prices due to the political unrest in the Middle East may damper investor and buyer confidence.

Khong & Jaafar Sdn Bhd managing director Elvin Fernandez said the local residential sub-sector would not see “insane run-ups” in prices like last year due to both global and local factors.

“Stock markets in the region have not been on the run-up. The uncertainty in oil prices and measures taken by Bank Negara to curb rising property prices will see (prices) within the local residential property sector holding,” he said when contacted by StarBiz yesterday.

Fernandez said the local residential sub-sector experienced “insane run-ups” in prices towards the second half of 2010 but, in light of both local and foreign events, the run-up in prices “will be arrested.”

Henry Butcher Malaysia Sdn Bhd chief operating officer Tang Chee Meng said he expected prices of the residential sub-sector to be stable in the next three to six months.

“Property prices won't go up as crazily as it did last year,” he said.

There would still be interest for landed properties and high-rise developments would experience a bigger slowdown, he said, adding that if oil prices shot up, people might put off property investment.

In its report, DTZ said that to push sales, developers were now selling smaller units in line with market demand, especially aiming at the investment segment of the market which was still relatively strong.

“Capital values are stable in most locations with an average of RM599 per sq ft, but rental rates continue to experience deterioration as new completions add competitive pressures to existing projects,” it said.

Tang also said if oil prices shot up, people might put off property investment.
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thumbup.gif $100 up up....to $150... let them sweat.gif cry.gif

This post has been edited by sampool: Mar 2 2011, 02:05 PM
sampool
post Mar 3 2011, 09:58 AM

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QUOTE(UFO-ET @ Mar 3 2011, 10:39 AM)
It is good to attend some property talks but dun over react to it, Malaysia is called the Kingdom of Direct Selling, in this boleh land really produces world top class goring kaki...
Sometimes those gurus are giving misleading teaching, instead of educate investors to invest, it might end up put them in hell. Property investment involve huge amt, must be conducted in a proper manner, a miss judgement would end with lifetime suffering
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as well as stock market investment ... biggrin.gif
sampool
post Mar 3 2011, 03:26 PM

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QUOTE(chubbyken @ Mar 3 2011, 04:21 PM)
yes
never look down on rural folks
that day tv got show interview some rural folk
how is their life like
the folks said
normally 20k a month
sometimes over 30k
but sometimes <10k also (rubber field)
this kind of earnings
urban normal employees can only dream...
blush.gif
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That is y, Barang Naik also their happy onli.... biggrin.gif


sampool
post Mar 6 2011, 10:06 AM

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QUOTE(AVFAN @ Mar 6 2011, 02:46 AM)
what you think gomen should do to incr your pay to buy the house you want? tongue.gif
for sure they are incr just some people's income to buy as many as they want!
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This one i agreed. biggrin.gif


sampool
post Mar 6 2011, 10:22 PM

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玩火自焚。。。

sampool
post Mar 7 2011, 08:20 AM

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alert, pls hold as for buyer and seller in this few months, seller felt difficult to sell & buyer felt difficult to buy.

thing will change suddenly after this few months. tongue.gif


sampool
post Mar 7 2011, 03:04 PM

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QUOTE(chubbyken @ Mar 7 2011, 03:41 PM)
but some dear forumers will argue:
msia is not same with other countries...
our RE price is very low compared to hongkong, singap, shanghai...
never in history our RE price drop...
shocking.gif
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we cannot base on the chart to decide the prop value in malaysia, but 10%-20% crash from current peak in malaysia shuld be OK, and won't affect malaysia economy grow and become high income nation and at the same time achieve vision2020.

Yes, the chart is only applicable if the current prop up another 10%-20% from current peak.

This post has been edited by sampool: Mar 7 2011, 03:19 PM
sampool
post Mar 8 2011, 10:01 PM

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QUOTE(cherroy @ Mar 8 2011, 10:55 PM)
Only for price between Rm100K to RM220k
Little on overall, except properties below Rm220k may be snapped up by speculators.  tongue.gif

For prime area, or any prime adjacent, I can't see any property with RM250K below.
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the news is for those stay outside of KV, penang & JB. tongue.gif
sampool
post Mar 10 2011, 11:28 PM

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QUOTE(sulifeisgreat @ Mar 10 2011, 11:48 PM)
those complain king who likes to blame speculators. u must ask urself, how do I generate income?  doh.gif

for those who r aware of fannie mae & freddie mac story
http://www.youtube.com/watch?v=cMnSp4qEXNM
"Government mortgage companies played a pivotal role in the financial meltdown by handing out high-risk loans to families who couldn’t afford them." Rep Boehner

its bcos the minorities & those poor unfortunate complain kings in usa requested the political to help them get a house  
with that facility, those poor souls buy & refinance & get so many properties  doh.gif  doh.gif 
the bankers can't stop their loan application or kena penalty by the govt

we hav begin step 1, now just need to ride it & dun fight the bubble trend  brows.gif it takes time for bubble to grow & 2 years too short la  
since we all know 220k prop is not much, the govt may need to reamend it to make those complain king hapi
later on, many decades later, all of us will kena  doh.gif  doh.gif  doh.gif 

too bad kenot short csell cagamas even tho its a berhad  sad.gif time to reopen futures ac in klse
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exactly opposite view... the 1st home scheme is the gomen step to test the market feedback/response....

===== comment from others =====
actually i dun understand the scheme, are they encouraging the young to own what they cant afford with weak earning power?

as in no $$$ buy, borrow first 100% to buy

buying a house is just the begining of spending more $$$ be it for maintenance, heating exp, u name it

if a couple cannot even save up say 10% of the 200k house

what makes u think that they can afford the longer run house ownership cost later on

This post has been edited by sampool: Mar 10 2011, 11:43 PM
sampool
post Mar 13 2011, 11:12 PM

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now i know why the prop price never go down...

美國億萬富豪華倫巴菲特曾經忠告投資者:“當其他人對市場前景表示樂觀時,我們應該警惕,當其他人警惕時,我們應該樂觀,這是他獨特的見解。”

because we too negative about the market.......

Yeah!!! I WANT PROP TO GO UP UP......
sampool
post Mar 14 2011, 08:01 AM

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QUOTE(cherroy @ Mar 14 2011, 01:28 AM)
If there is huge demand on properties below 220k, while those 500k properties lack of buyers, developers can always adjust their strategy.

Instead building 500K 1000sf. apartment, come out with 400sf 220k apartment... 
or 500sf 220k but no car park given, need to pay 20K for it, and apartment has no tiles installed, need to add up 30k for it.
Selling price still 220k, but need to add on... for those facilities, give you the most basic. 

Business is always flexible to demand.
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Business On Demand.... ppl can pay RM30/month to rent the car parking space, pay higher monthly maintenance fee....to cover back their cost.

Crazy.
sampool
post Mar 14 2011, 09:32 AM

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QUOTE(kochin @ Mar 14 2011, 10:19 AM)
many many years ago, when teh tarik is 30cents, we drank happily.
inflation came, and teh tarik became 40 cents, we still drank happily.
inflation came again and teh tarik became 50 cents. we grumble but still shout to the mamak teh tarik please!
when sugar shortage came, teh tarik became 70 cents. we were upset but yet we still drank but ordering teh tarik kurang manis, hoping it will reduce the sugar consumption and hoping that the price will come back down.
teh tarik increased to 90 cents because petrol was suddenly increased substantially. mamak says it's due to logistics cost. we still order our teh because it's still cheaper than the canned drinks.
teh tarik went up to rm1.20, we still have it with our roti canai.
inflation came again, teh tarik is rm1.50, we curse here and there but yet we still order our tarik!
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many places still can drink teh tarik for only RM1.00 (big glass some more..). biggrin.gif
sampool
post Mar 15 2011, 01:25 PM

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QUOTE(CKHong @ Mar 15 2011, 01:34 PM)
i hope  biggrin.gif
japan is the 3rd largest economy rite ? in asian
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at least ppl will pull back the investment.
sampool
post Mar 16 2011, 02:04 PM

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QUOTE(Bobby C @ Mar 16 2011, 12:33 PM)
Yup, everything is possible. Foresee that shall be the trend in KV in the near future. People will go for budget AirAsia style. Tat's why D'sara Perdana selling so well ages ago.

A friend in Tokyo having a small apartment of less than 600sqft. No complain. Still alive and kicking wat after the big quake.

Looking at positive side, a small house = nothing to buy aka cannot buy anything cause no space in your house so save more money! Want to buy new furniture have to give it all away or pay to discharge old furniture ie force saving in a way.

Nowadays esp recent days (3 biggest quakes of the century hit in <10 yrs) world hit by many many crisis. But life still have to go on what. So continue to wait for more crisis or look at positive side, find out how to minimize/mitigate risk, make full use of opportunities around and make the best out of it. 

But guess prob with youngster nowadays upon graduation first get a brand new car first (hey you been con by the gomen/bank already)! After finish paying off car loan then think of house. Problem is after paying off car loan thinking of a new car cum a new house cum a new hubby/wify cum a new kid on the block .... so forever and ever waiting and complaining properties too high. Stories never end.
ps:- buying new cars is the worst financial decision in this country (one of the most expensive car rates in the world with the highest import duty and taxes) no many many thanks to this Tun and his legacy to keep subsidizing his baby Potong which cannot export and compete with global brands. Now all suffer poor public transportation as long ignored and forgotten, all force to buy car to support Potong. 
Solution:- kancil or bike
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ha ha... car (>RM100k) is status of a person...once u bring it out to pickup ur gal. ur confident level is diffrent compare to ppl with car <RM100k... that is why ppl still go for the car 1st. the property taste change and as well as the gal taste change as well, bro not like 10 yrs back lah...

Cost of living is expensive nowaday...

This post has been edited by sampool: Mar 16 2011, 02:05 PM
sampool
post Mar 16 2011, 03:43 PM

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QUOTE(cherroy @ Mar 16 2011, 04:12 PM)
I have more confidence with 100k cash in bank, and use the 100k for investment and grow even more money, even a pathetic 3% FD rate, I get extra Rm250 every month, compared with you have to paid RM250 loan interest alone (not yet count the capital), every month, the difference is RM500, rich become richer, poor become poorer.
One year, difference already Rm6k.
If investment successful bring in more return like 10%, the gap even widen further. 

More money, more confidence.  tongue.gif

I can have even more gal with more money.
Your 100k car will getting old after 3-5 years, lot of money need to be spent again.

You have confidence in split second when getting the new car only. Once petrol bill, maintenance invoice, bank loan statement come in, all confidence can go down to the drain.  tongue.gif
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many ppl understand this, but the reality is different. human is too complicated to understand... definately secure a house is more important, gal is second... tongue.gif


sampool
post Mar 17 2011, 07:45 AM

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the prophecy not going wrong anyway.... the economy slow down is around the corner.. japan tsunmi is just speed up the process.... Sure GE tis yr.


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