Moody's Investors Service downgraded its outlook on the mainland property sector to "negative" from "stable" on what it says are gloomy fundamentals for developers over the next 12 to 18 months.

    Under a tough operating environment driven by tightening regulatory measures, rising interest rates, reduced bank lending and increasing supply, mainland developers will inevitably encounter slowing sales, shrinking profit margins and liquidity pressure, according to the rating agency.

    It also anticipates that the proceeds from contracted sales of residential homes will decline by an average 25 to 30 percent in first and second-tier cities this year.
    According to a Moody's liquidity stress test on 38 mainland developers, 10 of them - all of which are listed in Hong Kong including Shimao Property Holdings Ltd and Central China Real Estate Ltd - will become "vulnerable" in terms of balance sheet liquidity if their contracted sales decline 25 percent this year compared with 2010.

    Du Jinsong, head of China property research at Credit Suisse, told China Daily he agrees the finding of Moody's, adding that Credit Suisse has been underweight mainland property since October 2010.

    The investment bank expects mainland home prices to slide 5 to 10 percent this year with trading volume to drop 10 to 15 percent.

I expect a bloodbath, not a 5% pullback. Once sentiment changes it will likely be gone for a long while just as happened in the US.

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.

Only heavy RPGT will kill the property mkt, not GST

Hi people, something to share with you all.  A documentary on the China potential real estate bubble that may burst.  China Ghost Cities and Malls:

http://www.youtube.com/watch?v=rPILhiTJv7E

you sure are a happy camper for bubbles, aren't you?
if there is a bubble, would you rate the bubble as overall in China or would you rate it as a localised bubble?
back home here, are you expecting a bubble throughout the nation or just klang valley?
pardon me, am not being sarcastic but just trying to pick your brain a little to see where you are coming from.

PS: if they do a mini documentary to SS2 mall, am sure it can scare away a whle lot of FDI.

you do strike me as a very emotional being.
ok, let's try to dissect a bit ok.
64 million empty condos. how many property overhang was under our latest report. i think we can get from jpph or something like that, right? please help, k? i thought it was 2 million overhang or something like that?
ok, let's compare some figures.
china 64 mil / 1 bil population vs malaysia 2mil / 26 mil population. is this correct method to compare, kah?

i did not go through the documentary (sorry) but may i know a few more points to the documentary:
1. when was it film?
2. when the filming of the mall took place (as in how long was it VP then the film crew shoot in it)? reason for me asking because can see a lot of construction materials lying around from my preliminary view of the documentary.

on a separate note, i remember when i first visited kota damansara dataran sunway. i can virtually parked in the middle of the road. shops was scarce. now it's jammed up.
then came the strand. it still is relatively empty so to speak. and the take up rate is quite slow (in terms of shops operating).
am not denying that a property bubble would not happen but would rather know why and how it happen.
thanks for sharing, man.

Leaving aside the question of whether the bubble in China is localized or general (but at least you're already admitting that there is a bubble of some kind in China!) even if the bubble is localized, it has grave consequences for the economy. Quite clearly, the scale of the empty properties is vast so a very significant proportion of the Chinese economy seems to be devoted to building properties that are left unoccupied. How can this be a sustainable business model? These empty buildings are being bought up by speculators (no occupants remember?) so these companies can stay in business only so long as the speculators keep buying. Eventually this must stop and the companies must go out of business. Workers then lose their jobs. This is bad, bad news.

I think that the state-controlled banks in China are hiding huge loan books in the property sector for all sorts of projects that will never be profitable. It's great while the party lasts but you cannot keep a pyramid scheme going forever. Once the scheme fails, you're looking at the whole Chinese economy collapsing. Even if you're right that there is enough demand in key cities like Shanghai and Beijing to prevent the prices there from collapsing, this still isn't enough to save the Chinese economy as a whole. Construction is going on all over China, not just in the main cities, and it is because of all this construction that the Chinese economy is so vibrant. They are literally building bridges to nowhere.

This documentary was shot end of last year or early this year.  Pls go and have a look.  And tell us your opinion whether the concern that China has a property bubble property is valid or not.  The documentary clip is no more than 15 minutes.

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Added on April 20, 2011, 6:20 pm

Bravo!  Exactly that is my concern.  I am not a happy advocate that China has property bubble.  But with the hard stats like 64 million empty units of condo, whether it's a localized bubble or general bubble, if it pops the damage must be enourmous.  Don't you all agree?

Why i should be happy if there is a bubble in China?  Why should i be happy if it pops?  None of this two scenarios is going to profit me personally.  I am just saying my opinion that with stats showing 64 million units of empty condo, it's very hard to ignore the fact that the China property bubble "theory" is a valid concern, am i right?

just for discussions sake, let's say there's a bubble in kuantan, pahang with mega developers taunting to sell resort homes with condo and apartments facing sea view with fantastic concept and blah blah blah. and let's assume there are building like a few thousand units (hotel/studio small sq ft therefore more units lah). and ended up cannot sell or become ghost town in future. or similiar scenario in say lumut, perak or sepang goldcoast, selangor.
so i can i assume or declared that there's a property bubble be it general or localised in malaysia? would these localised bubbles really affect say prices in penang or kl?
don't get me wrong, am not disputing if the documentary was true or not, but just trying to see things differently before i make my judgement on it.
things that i'd learn from media, it always tells you a story. and that's the problem. it only tells you ONE story. and there's always two sides to a story.
what amazes me was whoever financed and see through the completion of those 64million units. at least not like here, developer would have abandon the projects long long time ago.

PS: just read the transcript. a few pointers:
1. those cities are extremely far from main city. there were talking about a couple of hours drive from beijing. and usually when someone casually mention so, it usually means at normal speed. this would mean the ghost cities they are referring to are like ipoh to kl or even further.
2. the 64 million figures might be an exxagarated figures with no proper backing. just like the guy who quoted malaysia property to be rm5k psf within 5 years time.
3. a 6 years mall with no tenants and still in quite good upkeep. that's a big feat alright. wonder who's paying the maintenance costs?

The Star Online > Business
Thursday April 21, 2011

Inflation and demand to lift property prices 10%-20% this year

By EUGENE MAHALINGAM
eugenicz@thestar.com.my

KUALA LUMPUR: Malaysian property prices are expected to increase at an average of between 10% and 20% this year, in light of rising inflation and increase in demand for local properties from foreigners, said Deputy Finance Minister Datuk Donald Lim Siang Chai.

“Inflation in 2010 stood at 2.2% and was at 2.4% in the first two months of this year. We expect it to be higher this year due to escalating food and oil prices,” he said after the launch of the National Property Information Centre's (Napic) property market report 2010 yesterday.

Lim also said many foreigners were looking to purchase property here because the prices of properties were cheaper than in neighbouring countries such as Singapore.

“And Malaysia, because of the ETP (Economic Transformation Programme) has attracted a number of investments from overseas. Investments last year were four times higher than 2009.



“We also expect more foreign companies to set up base here. Our Islamic banking is No. 1 in the world (so) all this will attract foreigners to come into Malaysia,” Lim said, adding that this would also contribute towards pushing up prices of properties in Malaysia.

He said rising oil prices would also cause prices to escalate.

“There's a lot of uncertainty in the Middle East. It's beyond our control and that (rising oil prices) will affect the other things,” he said adding that property prices in Malaysia were currently at a “manageable position.”

According to Napic's statistics, the Malaysian property market recorded 376,583 transactions in 2010 worth RM107.44bil.

Both the volume and value of transactions registered double-digit growth of 11.4% and 32.6% respectively from 338,089 transactions worth RM81.02bil in 2009.

Napic valuation director-general Datuk Abdullah Thalith Md Thani said 2010's (RM107.44bil) value was a new high for the Malaysian property market.



“In 2008 and 2009, we (Malaysian property market) suffered a bit. The volume of property transactions will go up (this year) but the margin will not be as high as last year.

“We had a good year last year because we rebounded from the sub-prime experience,” he said.

Abdullah added that Malaysia's fundamentals were still good, despite the uncertainties.

“People are worried about oil prices now but bear in mind, we are oil producers too. I will not say that property (by volume and value) will be better than 2010. There will be an increase. The question is the rate of increase.”

Napic expects the property market to remain promising in 2011, supported by various measures proposed under the Tenth Malaysia Plan and Budget 2011.

It said projects such as the Kuala Lumpur International Financial District, Mass Rapid Transit in Greater KL, the 100-storey Warisan Merdeka, the development of the Malaysian Rubber Board land in Sungai Buloh and the redevelopment of Pudu prison were expected to have positive spill-over effects.

Napic also said the Government's Skim Rumah Pertamaku to assist young adults to own homes below RM220,000, together with other incentives such as stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000 for first time buyers, would increase transaction volumes of homes in this price range.

“With the cessation of the Foreign Investment Committee's approval for the acquisition of properties by foreigners which took effect in June 2009, property investment in Malaysia will be more attractive to foreigners,” said Napic in a statement.

“Given that foreigners are only allowed to purchase commercial and residential properties priced above RM500,000, it is anticipated that more activities will be recorded in the high-end housing units in sought-after neighbourhoods,” it said.
--------------------------------------------------------------------------------
© 1995-2011 Star Publications (Malaysia) Bhd (Co No 10894-D)

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Added on April 21, 2011, 11:57 am
these figures refer to the WHOLE MALAYSIA? Can check out what figures for SElangor and Kuala Lumpur?

yeah right, back to your shitty idea 

reason are property price risen significantly, landlord will not be able to cover loan with rental. how long is the landlord willing to bleed cash? one landlord increase rental might not have effect, but how about when most of the landlord are already feeling the pain and they slowly increase rental? previously if the tenants find the rental is high, tenant look for somewhere else, but in this situation, everywhere rental has increased, tenant cannot afford to buy, the only option is to continue paying higher rental.

i remember a business guru in taiwan once said, things will always swing from one end to another. for example, when there are too much exclusive (expensive) restaurant in the market, affordable mamak will start mushrooming. in this context, when property price has increased to certain level, which indicates has reached the end of a swing, rental will be another end to rise

secondly is combo with government high income nation transformation, what is unaffordable today will be affordable tomorrow

BNM hike OPR by 0.25%, SRR by 1%

Lol.... You reply to me?

it's me again, 25 year old fresh grad who's complaining can't afford to buy property...

well, to conclude a bit.. basically, there are 2 camps arguing in this forum ..those who ady in the boat, n another was people like me..can't afford to buy...

Those ady in the boat( Developers, Bankers, Valuers, houseowners, Investors, Speculators)
(play monopoly b4? u guys are as if those just bought the "little green n red" house earlier and setting high prices, and worst still, the 100 u earned last time is different with what we earned 100 this time...we are those "late comers" who came into the show n realized that " OMG.. it's freaking expensive...with the poor salary $200 collected every round, we keep on paying rental n taxes, yes ,of coz, we will broke soon, just admit it, this is the design of capitalism, n we have to admit it, it doesn't fair to late comers)

I do notice 1 forumer mentioned that "Demand is there" ..no worries...but do you understand the principle of economy is that "inverse relationship between demand and price"?

now all properties incl condo ady Sky high price - even though u willing to sell, young ppl willing to buy (but bank may not approve with relatively so low salary...) and pls don't blame the graduates that earning so little..it's not our fault...

I see many hardworking and talented graduates are performing exceptionally outstanding in academic and co-curriculum but as i said, u good in studies may not indicate good in "earning $$$".... there's no direct relationship....

what i could say our economy is distorted n sucks.... we have many high quality of graduates but with well trained, they can become somebody..believe me...

I use "Finance services" in economy as an example to give us a better picture...

Current M'sia job market:-

For example, take a finance major grad- who learned simply everything from A to Z in finance, how to hedge ,by what products (SWAP, forwards, futures) or how to price it? To apply Enterprise Risk Management to manage interest rate risk, liquidity risk, forex risk...To explain Basel III capital requirement ..Capital Market Master Plan..Ratio analysis..Bond Valuation..n etc) wow- U.S and UK syllabus... great!!!

I believe my UK syllabus is exactly same as what Singaporean learning as well ..but the difference is they got very good internship exposure n can landed on a very good first job...We Malaysia finance graduates most of the time doing the following:-

Banking jobs "generally" available in Job market of Malaysia -
In Generally- promoting credit card, personal loan, credit processing, credit recovery, balance transfer , etc.......

(Why our salary so low?? Simply, Bolehland can't attract FDI to produce high quality jobs who paid high salary)

take http://www.efinancialcareers.sg/ as example (as at 11/6/2011 1.36am)
1) to sort "jobs in Singapore"
> results show Showing 1-30 of 1104 jobs

2) to sort "jobs in Malaysia"
> results show Showing 1-28 of 28 jobs

(lol - pity us...SG had 39 times more than us )
(i pity myself too, perhaps i'm a loser why i'm not 1 of it that working in Raffles place in SG too...hehe)

Have a look
MALAYSIA JOB MARKET (derived from Jobstreet.com.my - Banking and finance jobs)


[SIZE=7]SINGAPORE JOB MARKET (derived from efinancialcareer- Banking and finance jobs)[

My point of view...

Singapore HDB (good quality houses, and can't compare at all with Malaysia low cost flat(some called it slum, and i admit), it respects the dignity and basic necessity for people who serve for the country)
Singapore Private dwellings- it caters for investors or speculators like some of you reading in this thread...if u got money, buy la..., no 1 will object)

Malaysia- whoever who invest in stock market also knew...
we ady lost FDI support long long time ago...now whose money to support the market at the level of 1500 ??? u tot our economy is really that good?? (YOUR ALL or OUR ALL own EPF money la, or our future generation MONEY)

aiyar.. I 25 years old.. i also know la..b4 general election come..

wow..stock market good..property market good..strong currency ...visionary future greater KL plan....100 mega storey...

simple economics theory, 3 pillars to boost the economy..
1) Export (b4 1997 crisis strategy- 4 little tiger ah....hehe...die soon la..totally lose out to Indonesia, China, Vietnam, Bangladesh, we ady stuck in middle income trap economy)
2) Private Consumption (last few years strategy la- c our household debt now, look layman beside u, every month after pay instalment, how much they leave??)
3) Government Spending (Last shot la- copy Dr.M strategy, Petronas Twin Towers, KLIA, now we have 100 Stories Tower, MRT project, Iskandar, Greater KL) Last time also got what MSC ah, CyberJaya ah, sigh...we always very "visionary" but in terms of execution ...sucks...

so...to attract pool of talents?? on what grounds??

1) higher inflation
2) low salary
3) high property price
4)high crime rate
5)high traffic congestion rate
6)highly career prospect??

perhaps i think
1)nasi lemak
2)rojak
3)kajang satay
4)roti canai

are the factors who could attract the talents back....ahahahaha
Singapore- Higher property price value can be justified (limited land,the value they created in their job, efficiency, strict law and regulation that do not tolerate corruption, friendly business environment, safety,etc)

Malaysia - on what grounds we property so expensive???
- limited land ar????
- our economy is so "good"???
- very high demand??? (many expats wanna come here to live, work n play???)

so..Minister n people..
dun always use the stupid reason to make comparison to compare la....
our oil and gas is still the cheapest in the region ( see Singapore how much, hey, we producing oil n gas,ok?)
our property prices are still very low in the region ( hey...ppl earning SGD ok ? ppl got HDB ok? u want all young ppl what ? staying in slum? or everyday travel from Seremban to KL ??)

what i only knew.. not only our property prices in distorted
our economy surely will burst soon..yeah
n we all Malaysian n future generation paid for it...

Come on la people( pls be considerate to the young ones, dun suka suka u guys still got option,> low cost flat, in fact, i been thru tat as well, everyday have to reach home earlier to fight for the car park, if too late, stuck ur car behind ppl car, then w/o ur handbreak, morning, let ppl move ur car freely up n down n pray earnestly not rolling down the slopes)
at 1am when u need to sleep after a heavy work, pray those "black ppl" not getting drunk n having party n open disco, in fact, i ady make telephone call to report to Police many times, u know, how efficient is our public services, reach within 30 mins, tegur a bit, they stop the loud music a while, then continue again, if u go to argue with the "black ppl", they will belasah you...malicious damage to ur car" ... n hope do not bring back ur gf or if u happen to have a daughter, be afraid of sexual harrassment, rape, stalker or whatever u called it... drug addicits are common to c ...stolen cars ..motorcycle...n etc )

sigh ....Malaysia.....
(Note- and i'm talking on a overview of macro picture n pls dun tell me how one individual is by all his efforts earning how much n how much...n telling me it's my fault that i earned less than RM10k a month, come on , just admit it ,it's a matter of fact our economy is almost stretch to the end ady and we all eyeing on the ETP....but ETP is just a vision , in terms of execution, many political factors discounted inside la)

Each country has its pros and cons, similar to companies. To generalize UK (again its individual experience) is a "better" country than M'sia due to crime rate, lower cost of living and no positive discrimination system is to be ignorant. UK is official the most violent country in Europe, and could be worse than South Africa and US. In spite of this FACT, in a recent news report (of recent years), there is a significant gap in official criminal rate statistics in the UK.

UK's cost of living is high to and has a similar problem with first-house buyers (despite a continued drop in house prices) - and with continued job unemployment with no end, many are switching to basic food. I can't argue about the quality per sterling pound, but it is more care-free in M'sia.

Career - IF you truly excel in your profession, I believe it is the same every where. Sooner or later, you will end up in a company where your talents are appreciated, and will be rewarded accordingly. The only question is do you have the drive to succeed in M'sia. In the UK, I could have mapped out my career till retirement, not in Asia. In fact, beyond people switching jobs, dying, retiring, M'sia trumps with people also migrating! Talk about Opportunities.

Have a more balanced view, prioritize your objectives etc.

(FYI) In a short 10 years, I've worked in the UK, China, M'sia and Belgium.

but at least obama becomes US president (non-white president).
and gillard becomes PM (female PM).
can you imagine a female OR a non bumi taking the top post in our Boleh land?

but at least obama becomes US president (non-white president).
and gillard becomes PM (female PM).
can you imagine a female OR a non bumi taking the top post in our Boleh land?

quite true...
No perfect country in this world, politic is only a small portion of it
Malaysia, a very good country indeed, good climate, no natural disaster, good food, lots of greenery..etc
sometimes we cannot be too greedy, if we look back, there are still many people in this world suffering.
IMHO, if you are born clever / intelligent, it is god-gifted, try to help those poor & miserable people around us in whatever way, if all the smart Chineses leave this country, who fight for the rights and benefits of those minority (low income) group? I read newspaper (Chinese) everyday, many needs help, especially for matters dealing with gomen departments / authorities, we shd help if we can

dun simply leave Malaysia, izit that bad?
Be fair to this country as well, Malaysian Chinese are so "useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost, isn't it lucky to have educational foundation in bolehland?
I respect those who migrate or work overseas, but I hate & look down (sorry to use this word) those people who have left this country for whatever reason but keep condemning the country in all aspects
I have an old colleague who work in Singapore for 18 years but still hold Malaysia citizenship, never ever I heard a single good word bout Malaysia out of his mouth, seems like bolehland is a hell to him, really loss of face

Thanks to lch78, lucerne, terzam, Bobby C and kochin. You guys seem more like my senior and talk more sence. Yes back to topic (money),  as a junior and property invester I would like to share my property experience with you. lch78, thanks for your advice but I already invested 3 properties in M'sia, one unit at the Zest puchong (bought in 2009), 1 shop and 1 house in Negeri Sembilan and 4 properties in UK. My profolio worth just over $5m ringgit, not a lot but I am only 33 still a long way to go yet.

From my humble opinion, I think Msia property (new built) is at peak now and cannot invest any longer, however the West is opposite. I just reserved 2 units from this developer,

http://www.freshstartliving.com/
http://house.ifeng.com/news/detail_2011_05...6420637_0.shtml
http://www.placenorthwest.co.uk/news/archi...se-website.html

During the UK crisis in 2008, a lot of developers went burst and this developer bought and took over their sites and projects at auction/bargain price, banks (RBS, Halifax) at that time were too busy to get rid of those abandon projects and didnt bother about the selling price. I met this developer boss and the sale manager face to face, they are genuine successful investor/developer.

Let me know only if you are interested, I can give you more information.  vanillasky91@yahoo.co.uk.
Thanks.

p/s: UFO-ET, Be fair to this country as well, Malaysian Chinese are so "useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost, isn't it lucky to have educational foundation in bolehland?

To reply UFO-ET: Not sure the furthest country you travel is either S'pore or China? If I am not wrong as your concept about  ("useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost) is completely wrong, you can try to speak your m'sian english (la la la) in UK and see if UK people will talk to you back, let alone offer you any job. My salary included overtime is more than my British born white director by the way. Maybe you think about your kampung friends who 'jump aeroplane' in UK who work in restaurent but sorry, there are many british white who are unemployed at the moment why dont they get rid of us (msian chinese professional in UK) and employ their people? Maybe they think Msian Chinese are more handsome? Tell you one thing, there are a lot of intelligent, well educated Msia chinese who live and work in UK not because of "wanted or cheap labour", we have many choices but we choose to live and work here because we enjoy the freedom here, job satisfaction and do things we always wanted to do. (things like watch live snooker, live badminton, live MU VS AC Milan football match, free to fly to any europe country during weekend), I did all these at the age of 33, I am happy and enjoy my achievement so far. Sorry UFO-ET, I don't blame you because what I see and learn is different from you. I just have too many options in my life, thats all.

Thanks to lch78, lucerne, terzam, Bobby C and kochin. You guys seem more like my senior and talk more sence. Yes back to topic (money),  as a junior and property invester I would like to share my property experience with you. lch78, thanks for your advice but I already invested 3 properties in M'sia, one unit at the Zest puchong (bought in 2009), 1 shop and 1 house in Negeri Sembilan and 4 properties in UK. My profolio worth just over $5m ringgit, not a lot but I am only 33 still a long way to go yet.

From my humble opinion, I think Msia property (new built) is at peak now and cannot invest any longer, however the West is opposite. I just reserved 2 units from this developer,

http://www.freshstartliving.com/
http://house.ifeng.com/news/detail_2011_05...6420637_0.shtml
http://www.placenorthwest.co.uk/news/archi...se-website.html

During the UK crisis in 2008, a lot of developers went burst and this developer bought and took over their sites and projects at auction/bargain price, banks (RBS, Halifax) at that time were too busy to get rid of those abandon projects and didnt bother about the selling price. I met this developer boss and the sale manager face to face, they are genuine successful investor/developer.

Let me know only if you are interested, I can give you more information.  vanillasky91@yahoo.co.uk.
Thanks.

p/s: UFO-ET, Be fair to this country as well, Malaysian Chinese are so "useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost, isn't it lucky to have educational foundation in bolehland?

To reply UFO-ET: Not sure the furthest country you travel is either S'pore or China? If I am not wrong as your concept about  ("useful & wanted'' by foreign countries because of master in "languages" and cheap labor cost) is completely wrong, you can try to speak your m'sian english (la la la) in UK and see if UK people will talk to you back, let alone offer you any job. My salary included overtime is more than my British born white director by the way. Maybe you think about your kampung friends who 'jump aeroplane' in UK who work in restaurent but sorry, there are many british white who are unemployed at the moment why dont they get rid of us (msian chinese professional in UK) and employ their people? Maybe they think Msian Chinese are more handsome? Tell you one thing, there are a lot of intelligent, well educated Msia chinese who live and work in UK not because of "wanted or cheap labour", we have many choices but we choose to live and work here because we enjoy the freedom here, job satisfaction and do things we always wanted to do. (things like watch live snooker, live badminton, live MU VS AC Milan football match, free to fly to any europe country during weekend), I did all these at the age of 33, I am happy and enjoy my achievement so far. Sorry UFO-ET, I don't blame you because what I see and learn is different from you. I just have too many options in my life, thats all.

dun hentam ppl for shiok oni la. ppl just sharing their success strories, it is good if we all cab share our success stories here so to motivate our adik2 here in bolehland.

if u and yr fren have some sucesss stories, pls share with us. but be sincere and with true facts. if u read my previous posts i m also sharing my experience working oversea for the last 10 years. i dun consider myself success yet, but i want my adik2 in LYN to be smarter (as early as possible).  I always tell my adik2 to go oversea (1st world ofcoz) and earn 4-5x msia salary and multiply your wealth. then decide later where to settle down. if u earn oni msia RM u dun much choices... for me, i dun hv confident with msia..

People generally share the success story, how many money had been made through properties etc, yes people did,
but there are people suffering due to high commitment on properties portfolio especially when things turn bad, but this 'suffering story' generally being swept under carpet, which we seldom or will hear.

There are people buying some properties but stuck with little people interested to buy or having difficulty to be rent out.
Not every property is the same, even though properties has tremendously surge for the last few year, there are properties hardly fetch a lot of premium or if calculated carefully, the return rate is not something very good, some even comparative to FD rate only, after deducting expenses incurred, renovation etc.

Locally despite many said oversea moon is brighter, there are still opportunities around for one to make decent living, income around.
The most important is whether one is capable or skill enough.
One may argue got skill but not being appreciated, but in private sector, if one has decent skill, and ability, there is still room for one to strike out good living.

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Added on June 15, 2011, 1:37 pm

Yes, if can strike a good working life and earn decent overseas good.

But whether has confidence or not with m'sia, some (majority) is born here, live here, and mostly will died here as well.

I am not encourage nor discourage people to go overseas, but not everyone has the chance and opportunity to do it, due to various personal reason, condition etc.

So need to make the best from the situation or environment they had.