Mar 5 2011, 03:14 AM
QUOTE(cherroy @ Mar 4 2011, 11:44 PM)
My view.
I would say the bolded part is wrong and unrealistic
Even it drops, it won't drop to dirt cheap until let you to buy cheap.
A 400k properties can drop to 350Kor 300K, it is still way beyond affordability mostly. (if one cannot afford 400K, likelyhood is not afford 350K as well)
It won't drop to 200k or 150K for you to buy.
If it does drop to 200k, then situation has changed which one might fear about getting employed or not.
bro... 300k vs 400k.. month repayment based on blr-2.2 (which is 4%) differs alot...I would say the bolded part is wrong and unrealistic
Even it drops, it won't drop to dirt cheap until let you to buy cheap.
A 400k properties can drop to 350Kor 300K, it is still way beyond affordability mostly. (if one cannot afford 400K, likelyhood is not afford 350K as well)
It won't drop to 200k or 150K for you to buy.
If it does drop to 200k, then situation has changed which one might fear about getting employed or not.
as for me.. i'm just worried for monthly repayment only.. one is around 1.5k~1.7k and another is 2k++
thats why we're waiting it to bubble at least few puluh k only we can afford the month repayment..
i dun agree with above (red color)
as now most fresh grad can go for 2k~3k
so if its 300k.. month repayment way more affordable than 400k...
6.6BLR is consider very low already..
i think BLR will start to increase..
so if monthly repayment (400k) is 2k ++
what happen to us when BLR go 7.6 8.6 ?? monthly repayment maybe can get until 3k++
that is wayyy out of our budget.. we eat pasir also kenot afford that..
that is for my case la.. 400k kenot afford.. 300k i'm able..
Added on March 5, 2011, 3:22 am
QUOTE(aku_ker @ Mar 5 2011, 03:09 AM)
Agreed, a lot of my office mate talk about property bubble, hoping housing price will drop when its pop. But imo the house value will remain the same , it just how willing seller to drop their price(subsale), for new launch you can expect smaller builtup but the price per sqft will remain the same. But frankly speaking i do not feel any effect of property bubble right now only effect of ltv 70% 
.
speculator kenot tahan the monthly repayment.. they'll be forced to sell the unit cheaper.. else they'll need to apply for bankruptcy.. .if they bankrupt.. then more auction property which is near to market value or below..
as for now all the people sell their properties way above market value
eg : market value 350k they sell 420k.. how to buy woh ~
[ps again : not for all speculator yeah..]
u will feel the effect of property bubble when gomen failed to change our country to high income..
petrol, food, electric all UP UP UP
salary low [nobody buying the subsale]
people started to change from renting high end condo/normal condo to flat/apartment[cheaper]
depend on gomen .. [like the local news stated] 10~30% where i dun think thats possible... if able to increase our salary to that extend.. i'm ok with property 400k and above
This post has been edited by CKHong: Mar 5 2011, 03:23 AM
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