CK Hong
maybe u shud fast fast grab now
all the sifu here showed indicators that the price will up up up

Read this and ull know whats coming up for Malaysia!

http://www.malaysia-today.net/mtcolumns/no...malaysia-movies

now kenot grab first.. i'm still dreaming on condo...where i can't afford now..

HI...

I'm not any of the property expert in town. i'm just interested putting effort to learn it. Sharing is caring...

My thought on property is never ever going down...worst of all stagnant a while n continue the price rising journey.

Same like those food, clothing,transportation n last accomodation.

This is the 4 main concern things in every single human life. Try to evaluate this 4 things in the past...which 1 is depreciating???i take it 10 years back...
FOOD for ex: Mee soup rm3.5 n now simply rm4.5 (not those prime areas too).

Clothing for ex: Levis jean rm 80 n now if u dun hv rm 100++ can't even buy it.(Forgive me if i'm wrong coz i'm seldom shopping nowadays)

Transportation ex: intrakota cost??? n now rapidkl cost??? U calculate it...not even dare to mention taxis fare...

Last of all Accommodation (Property)...My own experience.
I'm staying at setapak for the past 18 years. At the very fresh year of 2000, i still can c those normal range condo selling about 130k-180k...In within 10 years time now 2011.i can't even look for a condo that is selling less than 250k!!!(i mean new launching condos).
Conclusion is buying property is always an open solution to cope with the inflation.But not buy it with greedy in mind. Coz buying without any good back up plan min 3 years period is consider risky.

I can say over the past 10 years, all the property price had appreciate 100% or more.
If we divide it moderately, property can help you gain 10-15% PA at least.

Therefore buying property is anytime...That why govt also encourage youngster to start invest in property rather wasting their money is somewhere else.

Wish you all Good luck in property hunting lo...

@Veda and all

btw, 80% mark is for ALL commitments including the new loan...

certainly banks are offering more than 80%.

and the point is? ppl nowadays too greedy? wan new development? cannot settle with older developer keh?

100k oso got, 200k oso got, it's preference really...

i agree to the extent inflationary effects and a lackluster rm reduces the purchasing power of both local n imported goods.
but you miss the big one - income of the majority is not keeping pace - this is bad news for all, but is new for the country.
it wasn't like that until the last 10 yrs of crap economic policies, spending on useless projects and plundering took us all to where we are - stagnant income-high cost environment.

debt and increasing debt is the main reason pushing prop prices up.
it is generally true home prices will rise over a long term period like eseentials.
if jeans, intrakota, petrol and gst will eat up a much bigger piece of yr income, will you plunge into investing prop and live on air and water?
basics come first, there is a priority in life when yr $ are limited.
the way it is going, there'll come a point in kv that too much debt and too little real income will break into a situation where for the majority, priority goes to food, education and healthcare, not prop inv or even a new home.

an alternative scenario is 5% of the popn owns 95% of all props in urban areas, the rest can only rent.
so, if you are rich enough to be among the 5%, good for you!

This post has been edited by AVFAN: Apr 5 2011, 01:14 PM

Hi Dave.

I bet u make a wise decision this time. 20 years back, my family was renting house for the past 6 years until the rent cost is so high that we can't cope anymore.Then, we had no choice but to get a small apartment while it during contruction.
Forcing temporary to rent room or stay at relative house (It very inconvenience and annoying).But then we already own that house within 15 years.
Now getting 2nd house n rent out this current house soon.

You can make it too!!!
Good Luck.

---

Added on April 5, 2011, 1:35 pmHi AV,

Welcome your feedback.

Agree with you that the income doesn't appreciate like the other things. But in reality, haiz...
What to do...our country best practice corruption wasting thousand of millions $$$ for the past 10 years.But sad thing is, it keep on continue to act the same. While we are waiting everything burst out, Just grab 1 what we can afford lo...The only living formula now is SAVE more & EARN more...

This post has been edited by PeterChai288: Apr 5 2011, 01:35 PM

Cost of repair getting very high.

u plan to buy subsale condo or new launch condo?

It's true that all these has kept going up. But we must realise that they are slightly different in nature.

You see, first of all, nobody speculates on food or clothing. They don't buy them, keep in a warehouse then sell them when the price goes up.

Actually, it is possible to horde sugar and rice. This is why there are laws against this.

But for property, it is a different. There are no laws preventing people from owning several props, and or charging any amount for the props. The price of the props may and probably has overshot it's actual price because of speculation.

2ndly, we must realise that even if Teh tarik was Rm1 or RM1.10 people will still be able to afford it. But a house which is an extra of a few K... wow... We will come to a point whereby either, 1.) The whole nation gets a salary adjustment impar with inflation 2.) Genuine buyers stop buying houses.

And this is the determining factor which will cause a price drop.

The only question is... "are we there yet?"

This post has been edited by TheDoer: Apr 5 2011, 02:08 PM

The Worst and The Best taken from iproperty.

ps:- Anyway, I think the worst coming aft GE. No tahks to this Dr M and his screw up policies and now current generation and generations to come going to suffer more. Baapak Perbangunan? Mie ass, Blaapak Pembinasaan baru betol.


11th Worst Housing Markets in the World
Apr 06, 2011
Amidst all the complaints about our high property prices relative to our incomes, it’s refreshing to note that depressed housing markets are even worse. When house prices are low, most of the time it means the economy is sluggish and unemployment is high. So, when house prices are moving up, thank your lucky stars. It means the economy is chugging along nicely and your job is safe.

Check out 11 of the world’s worst housing markets below but they are also great investment opportunities. Buy low and sell high.

#11 Czech Republic

Annual Change: Down 3.0%

Q4 2010 Change: Down 0.9%

Outlook: Unemployment is continuing to rise, wage growth is weak, and yet the central bank may raise rates, according to board member Pavel Rezabek; weak.

#10 Spain

Annual Change: Down 3.5%

Q4 2010 Change: Down 0.4%

Outlook: Spain continues to struggle with a banking sector crisis driven by impaired balance sheets as a result of the country's housing market collapse. This, coupled with unemployment over 20%, will keep the market weak for some time.

#9 Japan

Annual Change: Down 3.6%

Q3 2010 Change: Down 0.8%

Outlook: Japan's economic growth should boom in the latter half of 2011, as a result of reconstruction. With many people displaced as a result of the disaster, there may be higher demand for new and existing homes, which could drive up prices.

#8 Portugal

Annual Change: Down 4.0%

Q4 2010 Change: Down 1.2%

Outlook: Portugal's growth remains sluggish and its unemployment high. Foreign demand seems the most likely source of growth for the country's real estate sector.

#7 United States

Annual Change: Down 4.1%

Q4 2010 Change: Down 2.1%

Outlook: The U.S. is in the midst of a double-dip in its housing market. Data does not suggest there will a rebound anytime soon.

#6 Greece

Annual Change: Down 6.0%

Q4 2010 Change: Down 0.7%

Outlook: In the midst of heavy austerity cuts, Greece is seeing unemployment boom. The country is in the midst of a long-term restructuring while in receivership of aid from the EU and IMF. As such, no rebound in the housing market should be expected, unless foreign demand picks up suddenly.

#5 Dubai, UAE

Annual Change: Down 6.1%

Q3 2010 Change: Down 6.1%

Outlook: Prices continued to fall in Q1. There is some suggestion that supply is in decline, so prices could pick up as a result.

#4 Croatia

Annual Change: Down 7.2%

Q4 2010 Change: Down 0.9%

Outlook: Unemployment is on the rise, the country's economy shrank last year, and people are protesting against the government. Likely not good.

#3 Ukraine

Annual Change: Down 7.8%

Q3 2010 Change: Flat

Outlook: Consumer confidence is in decline, the inflation rate is improving, but still high. Growth, however, is looking good. So this market may turn around in 2011.

#2 Lithuania

Annual Change: Down 10.1%

Q3 2010 Change: Down 3.9%

Outlook: GDP growth is expected to be at 5.8% in 2011, but the country is still recovering from a housing bubble.

#1 Ireland

Annual Change: Down 10.8%

Q4 2010 Change: Down 3.5%

Outlook: Growth is expected to be weak as austerity measures persist. The banking sector is still in terrible shape. This does not look likely to improve anytime soon.

Source: Knight Frank




The 14 Hottest Housing Markets In The World – Malaysia is #14
Apr 05, 2011
Last year was a spectacular year for the Malaysian property market and this was recently acknowledged in Knight Frank’s survey of the hottest housing markets in the world. Malaysia clinched the last spot at #14, a long way behind Singapore’s 5th spot and miles behind Hong Kong which still stands tall as the # 1 property hotspot in the world.

Note that Latvia is # 2 because of its government policy that provides EU residency to those who invest $96,112 or more in a property there! Those who want to migrate to Europe the fast and easy way – here’s your chance! You just need to fork out about RM300K (cheaper than many properties in Malaysia) and you stand a chance to live and work anywhere in the EU!

#14 Malaysia

Annual Change: Up 6.2%

Q3 2010 Change: Up 0.9%

Outlook: Price rises in Malaysia are expected to continue in 2011, and some are projecting another 13% rise in H1 2011.

#13 Norway

Annual Change: Up 6.6%

Q4 2010 Change: Down 0.1%

Outlook: Norway's domestic economy remains strong, so there's little reason to suspect a downturn, particularly with oil prices looking bullish.

#12 Belgium

Annual Change: Up 6.8%

Q3 2010 Change: Up 2.6%

Outlook: Belgium's economic strength is built on that of Central Europe, and the continued expansion of Brussels as the European capital. The rumored ECB rate hike should have a negative impact on the sector.

#11 Taiwan

Annual Change: Up 7.4%

Q3 2010 Change: Down 1.0%

Outlook: Taiwan's property market is currently undergoing a correction, and the central bank is engaged in tightening measures that should also hurt the market.

#10 Denmark

Annual Change: Up 7.8%

Q3 2010 Change: Up 1.5%

Outlook: Denmark's property market will be "fragile" for some time, according to the country's economy minister. There still remains a great deal of real estate for sale, and few buyers, which should limit further price spikes.

#9 Poland

Annual Change: Up 8.1%

Q3 2010 Change: Up 1.1%

Outlook: Poland is a renewed target for private equity investors. Growth in Poland has remained stable, being tied to central European strength.

#8 India

Annual Change: Up 8.9%

Q3 2010 Change: Down 1.7%

Outlook: India's real estate market could slow if the country continues its interest rate tightening policy. The sector also has serious problems with corruption.

#7 France

Annual Change: Up 9.5%

Q4 2010 Change: Up 1.4%

Outlook: Like other European economies, France faces the repercussions of an ECB rate hike.

#6 Austria

Annual Change: Up 9.9%

Q3 2010 Change: Up 3.7%

Outlook: Growth in Austria, like much of central Europe, is stable. But there are concerns about the country's banking system and its exposure to Eastern Europe. The real estate sector may be impacted by any increase in ECB interest rates.

#5 Singapore

Annual Change: Up 14.0%

Q4 2010 Change: Up 1.8%

Outlook: Prices were down overall in February, but continue to rise in central Singapore. Government tightening measures are in place, the with the government providing housing for 80% of the population, there's only limited space for speculation.

#4 China (only Beijing and Shanghai)

Annual Change: Up 15.3%

Q4 2010 Change: Up 6.4%

Outlook: China is probably the most talked about real estate bubble in the world, with ghost cities the new topic du jour. The rise in house prices is likely to slide with tightening measures in China taking effect.

#3 Israel

Annual Change: Up 16.2%

Q4 2010 Change: Up 3.5%

Outlook: Israel continues to experience strong GDP growth and a booming economy. The size of the country is also a limiting factor that may help to drive prices higher. Regional instability, however, may be a deterrent to potential investors.

#2 Latvia

Annual Change: Up 16.9%

Q4 2010 Change: Down 0.8%

Outlook: Latvia's market boom is somewhat based on a government policy that provides EU residency to those who invest $96,112 or more in a property. Whether this policy will survive the scrutiny of EU leadership in the long-run, however, is unknown.

#1 Hong Kong

Annual Change: Up 20.1%

Q4 2010 Change: Up 3.7%

Outlook: Hong Kong prices experienced an enormous spike in 2010, based on both high demand and easy money flowing from its exchange rate policy with China. As tightening measures take hold on the mainland, that rampant growth in Hong Kong should slow.

Thanks!! Very interesting

most probably i will go for new launch property..
dun have much $$ on hand .. so kenot buy subsale condo..
gf prefer subsale cus.. she worried developer po chan.. then ended up we dun have the house..
subsale, seller jack up price + snp + berbagai bagai fee's + 10% downpayment.. T_T
my $$ oni ngam ngam can pay 10% of downpayment nie.. so i can oni look at new launch where there is possibility that developer will bare the fee's

but new launch nowadays all far far one woh...
unless u work at the far far area also...
the prime arae one all sky high price...

agree with u on the subsale
S&P, lawyer, Stamp duty,...
the worst is price is very high compared to bank valuation
so need to fork out a lot of $$$...


This post has been edited by chubbyken: Apr 5 2011, 02:25 PM

if not too far i'm ok geh.. like last time i'm eyeing z resident..
too bad newly launched also sky rocketing.. haaaih... daaaaaam those developer..
and blame myself for not having high salary

In Melaka, it's not as good as KL. Over here, there is no MRT.

And what's worst, Melaka is notorious for its traffic lights which makes your long journey even more unbearable.

good evidence. those who keep saying props always go up , never come down because of inflation, pls think again.

or is it again here is different, special, protected, boleh?? or things happening here are somewhat similar to what happened in usa and the p.i.g.s. who are by the way also having high inflation?

Bro, Wat is ur budget....ah...

350~400 Max.. 400 is kinda susah for me liao.. if can i plan get around 350k++ alil bit more T_T
my sqrft must around 1200 .. tats why susah for me T_T too small i dun like..
haih.. was aiming residence 8.. z .. sutera maya.. all out of my budget :'(
all cheap one kena sapu.. dang.. blame i tak kenal insider for developer or dun have any relatives in construction..
so freakin unfair.. 1st day launch.. all nice one kena sapu liao.. haaaaaaaaaaaaaaih
meng fuuuu ahhh ~~~~

This post has been edited by CKHong: Apr 5 2011, 04:12 PM