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

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lucerne
post Jun 12 2011, 04:22 PM

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beside doing own business, working oversea also can be rich. i have many fren who working oversea is now >10mil RM net asset. (after minus all loan if any ) in fact, many of them did not owing bank. they prefer to buy in cash (to save bank interests and legal fees) or clear the bank loan ASAP. I can say their annual incomes is much more than ordinary businessman in msia.
lucerne
post Jun 12 2011, 10:38 PM

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QUOTE(GangHo @ Jun 12 2011, 06:33 PM)
wow, >10Mil RM net asset(after minus all loan if any)...... What is the annual income are we talking about? RM 1 Mil?
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of coz must also include their net gain from investments lah eg oversea + msia prop, shares, gold etc. once your income is higher, u tend to able to take more risks and invest more. the gain are higher for the last 10years, favoring gold, prop etc.
of coz salary in oversea is much higher, usually 3-5x vs msia. (depend on country) they are now multi millionaires due to the multiplier effect. (high salary + investments)


Added on June 12, 2011, 10:59 pm
QUOTE(sampool @ Jun 12 2011, 10:24 PM)
usually panic from stock market only then follow by prop market...
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as far as i know not many chinese invest in share market, (china share is limited liquidity mostly control by govt, very similar to msia epf, khazanah etc), chinese invest mainly in prop. individual foreigner cant buy china share but ok to buy prop. china govt just banned foreigner buying prop since last year, this is the main reason the prop price dropped recently. but china prop hv been increased for about 5x in last 10years. so if the prop now drop 20-30% i think many chinese will jump in to buy again (now only dropped less than 5%) and push up the price. if china govt to open to foreigner to buy again, the prop price will go crazy again. i hv many sg, hk, taiwan, msia fren are waiting to invest china prop again. initially they want to invest in msia but they now prefer china ..waiting for the buy signal.

This post has been edited by lucerne: Jun 12 2011, 10:59 PM
lucerne
post Jun 13 2011, 10:16 AM

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QUOTE(prody @ Jun 13 2011, 09:24 AM)
Looks like market there might have peaked already, unless the Chinese government takes away the restrictions they've put in place.
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yes, if thing turn ugly, govt may allow non resident to buy prop including foreigners. currently even chinese cant buy prop if u are not "local" eg shanghai, hangzhou, beijing etc. once china lifted the "resident" policy, 户口, chinese from all over small town will flock to major cities to cari makan. more speculators are waiting coz they know this ppl need place to stay. this is the same theory as cherroy mentioned, when place A hv a lot of "food" , all like to come . of coz they are many "wolf" waiting also, waiitng for their "food". so until this mega cities eg sh, bj collasped then everone will go away. my personal feel it is not likely in the next few years, sh, bj is still like a magnet for fdi, production or services. unless US collasped..


Added on June 13, 2011, 10:59 ami read a news that three gorges damn 三峡 is causing lot of drought problem to the rural /inland area. the farmer and fisherman has suffered a lot. i think the govt hv no choice to relax the resident permit to allow thiese ppl to cari makan in major towns. otehrwise these ppl will create problems to govt.

This post has been edited by lucerne: Jun 13 2011, 10:59 AM
lucerne
post Jun 14 2011, 09:19 AM

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QUOTE(ericpires @ Jun 14 2011, 08:53 AM)
Faster, i want it to Burst in 1 months time smile.gif
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what do u all do if burst? BBB? KIV?

the economy collasped. are u sure u want to buy? what if the price dropped even further, maybe non stop?? wait and see?

what if the BBB mood will push up price to another new height? jump in quickly afraid to be left out?
lucerne
post Jun 14 2011, 09:29 AM

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QUOTE(vanillasky91 @ Jun 14 2011, 07:47 AM)
As a M'sian (33 yr old engineer) who has been working in UK for 10 years after graduated from the Uni, I am not sure when I will return to M'sia. I read a lots about the M'sia negative news online such as high rate of crime, high cost of living, unfair system to non-bumi etc. But here is different, low crime rate, employee right is highly respected, fair system to everyone regardless your colour etc. I work hard and get rewarded (overtime) and highly respected by Directors and colleagues. In the Western society, they look after employees including foreigners who work hard and contribute to the society. I am not too sure if this the same in M'sia? I always think I will go back as my parents and friends are there but in the meantime I worry I will regret if I go back too soon. I am kind of stuggle because I miss friends and family but at the same time I want to be succussful and achieve something for myself. Any senior/uncle advice will help me to clear my mind, thanks.
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stay, make as much $ as possible. 10yrs in UK saving is equal to 50years in Msia?? Do invest (share, porp etc) and mulitply your wealth and decide where to stay or retire next. make sure u acquire skills that able to excel (employable ) in any country. eg u and yr family can migrate to Singapore, Australia and u can continue to work (full or part time). Msia may not have similar job for u since your skills is too advance for them!


Added on June 14, 2011, 9:31 am
QUOTE(New Klang @ Jun 14 2011, 09:28 AM)
The order of collapse. Job market, Stock market, unit trust, car market, property market.
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so msia is still far from prop crashed?
our employment is near 100%.
Stock is doing well compare to regional peers.
car sales hit new record...

This post has been edited by lucerne: Jun 14 2011, 09:31 AM
lucerne
post Jun 14 2011, 06:13 PM

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soongkm: dun generalized everything. a few exceptional cases here and there doesnt mean it is the fact! there may be other reason why tis ocbc man cant find a job, we wont know the exact reason except himself. same to the old gwai lo, maybe he has the skills that the dept need him very much eg leadership, discipline etc
lucerne
post Jun 15 2011, 10:15 AM

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QUOTE(soongkm @ Jun 15 2011, 09:27 AM)
Hey, don't be LCLY la... RM5 million portfolio?  And easily and deliberately leaves out how much is the total bank loan to this portfolio?  Why don't mention?  Don't just shiok and convince yourself only la...Alot of people in Malaysia, even younger than you already achieve that la, just that they are not like you just want to brag about it.
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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..
lucerne
post Jun 15 2011, 02:45 PM

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QUOTE(cherroy @ Jun 15 2011, 01:29 PM)
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.


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.
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til date, no one can deny majority of ppl invest in prop made $ over long term. those loss $ is minority. I hv read some thread about bad investments in life, been cheated etc. Thru this forum we can learn from the winners and the unlucky one. There must be reasons why some gain some lose $. I see many ppl are sharing their experience in this forum which is good.
yes, i agreed not everyone has the opp to work in oversea, due to family commitments etc. I just want to share here that majority working oversea earn better salary than msia with the same qualification/skills. some can earn >10x if you have specialized skills needed buy mnc. It is a waste of talents if stay in Msia (skills not appreaciated eg GLC, bank, public serivces). So I always encourage youngsters (especially single) to explore oversea if can, beside higher salary u can also widen your views and knowledge. And many live happily in oversea with whole family relocate. u can decide later if want to return to msia for good, to retire or just migrate.
lucerne
post Jun 15 2011, 03:45 PM

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QUOTE(GangHo @ Jun 15 2011, 03:23 PM)
I have my fair share of working in Malaysia and oversea.

Am struggling to continue living in my dear country or to leave.
u r one who is lucky to earn foreign salary so u can afford/chose to migrate , if not, u will be struggling for high housing in foreign land eg sg, china , taiwan, aus/nz etc if your salary is in RM. the rest are still ok. food, car, medical is cheaper in china.

for me the same, since most of my income in sgd, i hv no problem to buy prop in sg, china etc.

lucerne
post Jun 16 2011, 05:33 PM

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QUOTE(dreamer101 @ Jun 16 2011, 02:15 PM)
lucerne,

<<til date, no one can deny majority of ppl invest in prop made $ over long term. those loss $ is minority. >>

I disagree with you.  Through my first hand hand knowledge of many friends and families, majority of people LOSE MONEY on property investment.  Only a small minority makes money.

Dreamer
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maybe u r right. if everyone made $ then difficult for me to make $ lor.
so far my 10 prop, all made $ , i mistaken it is same for everyone.. cheers.


Added on June 16, 2011, 5:49 pm
QUOTE(GangHo @ Jun 16 2011, 03:26 PM)
Read from newspaper today that Singapore property has slowed down compared to the previous quarter and asia investors have shifted their attention to the property in US,UK and etc.

Please contribute if you have more info. Thanks!

One question, would the end of QE2 in End June 2011 affects the property price in Asia?
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opposite view from zaobao singapore.. HDB price in Tempinis reached new height.

http://realtime.zaobao.com.sg/2011/06/110616_33.shtml

if QE2 end, then Asia jia lat liao.

This post has been edited by lucerne: Jun 16 2011, 05:49 PM
lucerne
post Jun 17 2011, 09:13 PM

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i feel really funny ppl still arguing about if ppl make $ from prop or not. first they said if the prop will drop or not? now changed subject to invest prop made $ or not?? and try to justify their decisions/stand.


Added on June 17, 2011, 9:24 pm
QUOTE(sulifeisgreat @ Jun 17 2011, 04:56 PM)
no angry la, we here hav healthy debate. as per bobby c says, diff objective, diff benchmark & chicken talking to duck
it seems we got generation gap, ok time I go for a massage by those really frenly chicken, which the selangor govt likes to giv out lesen  laugh.gif & I m straight, I no play duck-duck  wave.gif all guys & gals hav a fun weekend!
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just sidetrack abit, actually there is no massage licence was given in the first place (then how to cancel their licence). all of them are illegal la. a business licence and massage licence is totally different.
i m really pity those massage operators. who want to operate illegally. same to childcare, kindergarten, why so many are illegal. coz it is difficult to get a licence. same to pub, bars etc... why ? u ask govt la..
i live in sg many yrs, the govt is more biz frenly, if u want to open massage, bars, disco, pub, just go apply, want 24 hr also can, just pay different fee. when there is demand there is supply so long it is legal activities.

This post has been edited by lucerne: Jun 17 2011, 09:24 PM
lucerne
post Jun 18 2011, 11:04 AM

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QUOTE(UFO-ET @ Jun 18 2011, 06:55 AM)
no worries, it will come, somehow someone will cry then.. biggrin.gif
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if u want to play safe, just buy prop near KL centre.


Added on June 18, 2011, 11:15 amrising costs - yes, cost to renovate land prop also has increase 100%, i used to pay 50k but now 100k for almost the same features. further more it is now more difficult to find contractors willing to do your job many experience indon workers has return to indonesia for better prospects.

This post has been edited by lucerne: Jun 18 2011, 11:15 AM
lucerne
post Jun 21 2011, 05:33 PM

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QUOTE(cherroy @ Jun 21 2011, 03:08 PM)

I am not saying China will head to hard landing. Just it is not a soft landing economy (yet), it is still hot, far from soft landing.
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yes, i am now in Shanghai, everything is so bullish here. malls, disco, pub, bars and restaurants is pack with people. Train and flight is full, immigration in long queue (especially foreigner lane), hotels is quite full most of the time...where hard landing?
lucerne
post Jun 21 2011, 05:56 PM

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QUOTE(cherroy @ Jun 21 2011, 05:35 PM)
I was respond to statement China economy is heading to soft landing.

The reality, There is no landing at all! still flying non-stop.
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yes, still flying. if u read any industrial magazines, there are so many investments annoucement made everyday.. if this mnc know the economy not doing well in near future, do u think they dare to build more plants or expand their production capacity here in china??? wat we hear today is shortage, shortage...
my products (raw materials) was sold 2 years ahead.
lucerne
post Jun 22 2011, 02:12 PM

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seems like many hoping the economy/prop to crash...
price drop camp ->90%
price up camp -->1% (including me, haha)
uncertain/middle path -->9%
lucerne
post Jun 28 2011, 10:39 AM

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QUOTE(sampool @ Jun 28 2011, 09:10 AM)
if u save RM1, u win RM1... if u can save RM100k, u win a toyota altis.  laugh.gif
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u misunderstood Kochin's meaning...it is not how much u saved..

it is no point to pray/gambling for prop price to drop. we shud instead sharpen our skills, improve our country/govt competitiveness and so everybody can afford to own many properties. just like Singaporean, Shanghainese etc,, almost everyone can own prop and some even rent out prop to foreigner/outsider etc. why? because they have good people and good govt. p/s: most shanghainese are previoously from other provinces (almost 2/3 of them), they became shanghai resident becos they work harder and earn more $. i also hope that kl can become a great metropolitan like shanghai..

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