Good articles. Thank you. I remember I read it before. It is good to re-read it again.

About the warning signs given in the article, I can only think of 2 areas around KV, namely KLCC surrounding and Mont Kiara. The rest of the areas not so much speculative activities comparatively to actual needs for a home to stay.

thank you for sharing

the warning signs stated really are what i've seen over the past 1 year. my friend's friend managed to leverage 15X his yearly salary hoping to flip the properties after they are completed in the next 1-2 years.

I like he said It was just a new version of an old scam -- the bubble market.

I do mention some ppl will said this time is different...

mont kiara average rm600 per sq feet
klcc average rm1K per sq feet

when other areas condo hit rm600 or some areas rm800per sq feet currently which is worrying.. haha

mont kiara all rich guys la.. just go parking lot to confirm.

This post has been edited by airline: Jun 27 2011, 08:19 AM

I do not see why Malaysia prop bubble will pop as the mega bubble in China has no sign of poping in any time soon. China government has put a protection shield on the bubble to keep it as it is for the time being. China has a CPI of >5%, unofficial data show 8-10%, with minimum wages increment of 20% annually, the income will double in 5 years time and what is overheating today will be cool off.

If no major catastrophic incident happens, prop in bolehland will remain peak in certain areas, some areas may be adjusted in 12/13.

Some key dates which have major impact on prop, JULY 9th Bersih 2.0 campaign, and GE 13 (only Najib know when). With the current sentiment in prop, it is actually advantagous to BN. Those who has 10-20 props on hand surely dont want to see a change in government.

thanks for sharing, i like these part, me myself been there before, very scary after i do acid test on my financial strength at end of 2008 & start reduce/restructure debt until end of 2009. i admit i miss the huge rise in properties price but i can sleep well every night even if tomoro morning got financial meltdown

Don't compromise the roof over your head. Don't compromise your family's residence just to try and make a quick buck in the overpriced housing market. Protect your residence and your family. If you have extra cash, put it into your own house right now. Own your house. This has been a rule I've lived by for many years. You should owe nothing to any bank on a house you live in. In my opinion, until you have 100 percent equity in your own home, you have no business investing money in a second home. You should first give yourself the financial foundation of owning your own home free and clear. Once you have taken care of that, you can afford to risk cash in the housing market, if you so choose.

Until then, you're crazy to do so, and I know a lot of bankers and financial people will strongly disagree with this line of reasoning. They'll say, "No, no, no. Mortgage everything. You should highly leverage your first home and mortgage your way into a second or third home, and you'll be rich when things go up." What they're not telling you about is the potential downside. What happens when those prices you just paid for those second or third houses are cut in half because the housing market pops? Then you lose your third home, abandon your second home, have to sell your first home, and you still owe money.

bubble... it happen without the product (house) need to be bubble itself, but is interconnected with others product... by economic performance/jobs/interest rate/supply/demand/human attitude....



This post has been edited by sampool: Jun 27 2011, 11:12 AM

not familiar with KLCC area but i think properties in kota damansara are exposed to the risk

Sunway Damansara is hot!

another warning on the bubbles... http://www.bbc.co.uk/news/business-13922857

http://www.themalaysianinsider.com/busines...-to-be-3-3.5pc/

and inflation, inflation, inflation.....

official numbers May 2011: 3.3%
can only be higher after the hike in electricity tariffs and the cut in subsidies for transportation and fishing industries. June and July figures are going to be even higher.

growth prospects lowered, high inflation+slow growth = stagflation.

if it took the property industry of the world's biggest economy 7? years to fall, just wondering how long will it take the property industry of a developing country to collapse.?

This post has been edited by dreamadream: Jun 27 2011, 12:05 PM

Share some good one

YTL LAND'S GROVE IN LAKE FIELDS - 100% RESERVED UNITS SOLD OUT DURING DAY 1 OF SOFT LAUNCH
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A new benchmark was set for Sungei Besi properties today, as Grove - the latest offering by YTL Land & Development in Lake Fields sold out all 66 reserved units ahead of its launch. With a starting price of RM1.7 million, Grove has not only set a new price standard for Sungei Besi homes but also demonstrated the area's potential as KL's next property hotspot. The preview held for YTL valued buyers and registrants at Trillium Sales Office saw teeming crowds rushing to stake a claim in the project from as early as Wednesday, 22nd June, with all 100% of the reserved units snapped up by noon of the 1st day, 24 June.

Commenting on the staggering results, Dato' Yeoh Seok Kian, Executive Director, YTL Land & Development Berhad said, "We knew the interest in Grove was high as more than 1,500 people signed up for the project through an earlier registration exercise. But we certainly didn't expect all 66 reserved units to be snapped up on the first half of the day."

"This clearly shows that Lake Fields' popularity as a modern, spacious residential development, coupled with Sungei Besi's strategic location that is well-connected with multiple highways and public transport, is in high demand."

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Kuala Lumpur, Friday, June 24 2011

A new benchmark was set for Sungei Besi properties today, as Grove - the latest offering by YTL Land & Development in Lake Fields sold out all 66 reserved units ahead of its launch. With a starting price of RM1.7 million, Grove has not only set a new price standard for Sungei Besi homes but also demonstrated the area's potential as KL's next property hotspot.

The preview held for YTL valued buyers and registrants at Trillium Sales Office saw teeming crowds rushing to stake a claim in the project from as early as Wednesday, 22nd June, with all 100% of the reserved units snapped up by noon of the 1st day, 24 June.

Commenting on the staggering results, Dato' Yeoh Seok Kian, Executive Director, YTL Land & Development Berhad said, "We knew the interest in Grove was high as more than 1,500 people signed up for the project through an earlier registration exercise. But we certainly didn't expect all 66 reserved units to be snapped up on the first half of the day."

"This clearly shows that Lake Fields' popularity as a modern, spacious residential development, coupled with Sungei Besi's strategic location that is well-connected with multiple highways and public transport, is in high demand."

With a limited 102 units, Grove, the 3rd phase of landed homes in Lake Fields, Sungei Besi, is the quintessence of lakeside living.

Standing tall at 3-storeys, the semi-detached homes begins with an unusually large built-up area starting from 4,354 sq ft, creating a generous sense of space for all in the family. Featuring breezy interiors, floor-to-ceiling windows and stunning vistas of the lake, each Grove homes comes with its individual plunge pool and a rooftop gardens.

With a total of five bedrooms with en suite bathrooms each, Grove's master suite comes with private balcony and outdoor shower. Other features of Grove include a lift, a car park for 6 cars, designer staircase and skylight courtyard.

For more information on Grove, please visit www.grove.com.my.


Also read this article at http://www.ytlcommunity.com/commnews/shown...sp?newsid=58540




50% of Aquina sold in weekend launch

Tags: Aquina , Charlie Chia , Naza TTDI , Sephira , Shah Alam , Spira , TTDI Alam Impian , Viola


By Joanne Nayagam of theedgeproperty.com
Monday, 27 June 2011 11:39

SHAH ALAM: Aquina, the fourth and latest phase of the TTDI Alam Impian township in Shah Alam, has sold over 50% of its double-storey linked homes.

About 68 out of the 126 units available were taken up during the weekend launch, said developer NAZA TTDI in a statement on Monday, June 27.

The phase features double-storey linked houses of five design types with sizes ranging from 2,476 sq ft to 4,224 sq ft and priced between RM606,000 and RM1.5 million.

The earlier phases — Spira, Viola and Sephira — have all been sold out. Spira owners took vacant possession of their units early this year, while the Viola units are to be completed by the end of this year and the Sephira units in the following year, said the developer.

Director of marketing and sales Charlie Chia said it was the positive feedback from the previous three phases in the township and the buyers of its previous projects that contributed to the sales.

"For Aquina, we have further improved on the design and features as well as increase[d] the built-up areas to cater to [the] demand for bigger units," said Chia.

Purchasers at the launch were also given free maintenance charges for a year on top of the sales rebate of 3% and a waiver of the legal fee on the sales and purchase agreement.

The 208-acre TTDI Alam Impian township is located in Section 35, Shah Alam, where it will comprise of 15 development phases. Besides residences, there will also be retail and commercial centres and other facilities such as schools, community halls and recreational parks.




This post has been edited by kh8668: Jun 27 2011, 04:30 PM

so, Chinese in China are getting 20% annual increment and CPI > 5%, therefore you think the bubble is not a concern. mind you, all bubbles burst.

another question, do Malaysians get 20% annual increament??

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Added on June 27, 2011, 12:20 pmthank you for sharing. also heard from one of the forumers that Damansara Avenue highrise condo in Sri Damansara also kena "sapu"ed on first day itself, RM600psf is also benchmark in Sri Damansara i believe

but i think for genuine buyers, me and my friends, these kind of news are a bit scary. Some of my friends hv already given up on buying although they can afford, but renting is comparatively way cheaper, no points taking unnecessary risk and one of my friends said when the market is corrected, with the same amt of money he could afford better location, better quality prop. just wanna share.




This post has been edited by dreamadream: Jun 27 2011, 12:20 PM

ALL THE FEEL GOOD NEWS ONLY LET THE SPECULATORS HAVING ENUF TIME FOR THEIR EXIT STRATEGY IN PROP.

If the bubble is bursting, it will only burst after election... That's assuming there is a bubble to begin with...

Who are you to decide if people can or cannot come back? And who are you to call people naive? Are you sure you are much more successful than majority of the people who have migrated overseas? And are you sure everybody that migrated overseas cannot assimilate into the mainstream society? Where is your facts and prove?

The fact that you heard more people telling good stories about them moving overseas means that in general, the pros of moving overseas are more than cons of moving overseas by statistic. If you can't start to listen to people and accept the fact then I don't see how u can share other people experience. If you just want to listen to one sided story, by all mean just go to the government or talent corp and they will tell you Malaysia is much better than any other country in this world.

In the end of the day, I feel we should start accepting facts and improve in things we are not doing good enough. Not keep blaming other people who share their own experiences and force people to say Malaysia is good even in their heart it is not. We are going no where if we continue to live in denial like this.

Ya, you are a very smart boy.

i doubt most of them are able to pull themselves out from the props not many people are into the subsale.. unless they sell it near the market value.. jacked up price more than 20k++ is very hard for fresh graduate to buy from them [without the help of rich FAMA]
the place i'm renting.. market value 240k.. and they're trying to sell it 330k.. LOL !

This post has been edited by CKHong: Jun 27 2011, 01:53 PM

Anyone got track rental of landed houses and apartments in Klang Valley?

that mean buble confirmed.. just wait the good timing for the reason of crash...

This post has been edited by sampool: Jun 27 2011, 02:16 PM