Financial Are property prices going to drop? V2, The heated debate continues
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 Feb 22 2011, 07:07 AM, updated 15y ago
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#1
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Senior Member
650 posts Joined: Oct 2009 From: Formerly Perak, now KL 
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The original topic was started in July 2008 and was closed in Feb 2011
http://forum.lowyat.net/topic/741185 Nearly 3 years passed during which property prices not only failed to drop but went up sharply (in Klang Valley and Penang). Let the debate continue. P.S. if the property market does crash and you want to sell your property at a big discount, PM me  This post has been edited by Veda: Feb 22 2011, 07:18 AM |
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Feb 22 2011, 08:34 AM
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#2
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1,135 posts Joined: Oct 2007 
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Yesyesyes wait ok?
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Feb 22 2011, 08:38 AM
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#3
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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perhaps this thread title should be "Are properties prices going to rise?"
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Feb 22 2011, 08:43 AM
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#4
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Junior Member
78 posts Joined: Feb 2010
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perhaps "Developers Bankers Agents manipulation"
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Feb 22 2011, 08:47 AM
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#5
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Senior Member
2,847 posts Joined: Oct 2010
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All the haters hahaha.
I can still see BBB atm at certain area. It's stil gonna go up up up. Edit: RIP V1 This post has been edited by hidden830726: Feb 22 2011, 08:50 AM |
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Feb 22 2011, 09:27 AM
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#6
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1,590 posts Joined: Nov 2006
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welcome v2
so conclusion for v1 no price drop so far |
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Feb 22 2011, 09:48 AM
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#7
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1,024 posts Joined: Sep 2005 From: Johor 
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still raising at the moment...
the latest leaflet i got from local developer.. Original price: RM319 000 Current Price: RM329 000 Nice eh?  This post has been edited by jady: Feb 22 2011, 09:48 AM |
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Feb 22 2011, 09:48 AM
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#8
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1,853 posts Joined: Oct 2009
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QUOTE(epie @ Feb 22 2011, 09:27 AM) welcome v2 Give it a break, k?so conclusion for v1 no price drop so far  Don't be like the kid who keeps asking "are we there yet?". |
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Feb 22 2011, 09:50 AM
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#9
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Junior Member
220 posts Joined: Aug 2009
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Up up and away!
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Feb 22 2011, 09:57 AM
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Senior Member
820 posts Joined: Jan 2003
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No drop due to domestic and macro factors....with hyperinflation, doubt there will be any major drop in property prices...
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Feb 22 2011, 10:00 AM
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1,590 posts Joined: Nov 2006
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QUOTE(TheDoer @ Feb 22 2011, 09:48 AM) Give it a break, k? i think u must give it a break...i'm giving conclusion for v1 Don't be like the kid who keeps asking "are we there yet?".  nobody knows for sure wats gonna happen in v2  |
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Feb 22 2011, 10:11 AM
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1,853 posts Joined: Oct 2009
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QUOTE(epie @ Feb 22 2011, 10:00 AM) i think u must give it a break...i'm giving conclusion for v1 Well, there's no need for you to conclude it, because we all know it hasn't happen. And if true to history, nay sayers will pop in and announce it again. nobody knows for sure wats gonna happen in v2 Like the kid who keeps asking "are we there yet?" If my suspicions are correct, then the nay sayers are basically the speculators with alot at stake. |
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Feb 22 2011, 10:15 AM
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1,380 posts Joined: May 2009 From: Petaling Jaya
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v1 started.. fresh grad around 2k salary.. properties 200k++
food RM2~RM3 people starting to shout .. properties so freakin expensive.. v2.. fresh grad 2k~3k salary.. properties from 200k++ become 300k to 400k++ [new one i mean  ]food RM4.5~6 people starting to feel the pain that they can't afford to get a house.. debate start see the difference ? hehe.. problem is income of the rakyat kenot cope with the property price + fuel hike + food hike etc etc keep buy keep buy..buy more~~~ move bolehland economy~~~ next time bolehland reli change to high income country.. we'll remember the efforts u all made  |
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Feb 22 2011, 10:17 AM
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1,135 posts Joined: Oct 2007
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QUOTE(TheDoer @ Feb 22 2011, 10:11 AM) Well, there's no need for you to conclude it, because we all know it hasn't happen. And if true to history, nay sayers will pop in and announce it again. Buy things with potential you wouldn't need to wait for the price to drop. Anytime is a good time.Like the kid who keeps asking "are we there yet?" If my suspicions are correct, then the nay sayers are basically the speculators with alot at stake. |
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Feb 22 2011, 10:19 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(TheDoer @ Feb 22 2011, 10:11 AM) Well, there's no need for you to conclude it, because we all know it hasn't happen. And if true to history, nay sayers will pop in and announce it again. sometime i felt that they're trying to ask more people to join their game.. cus they got alot of chips on hand Like the kid who keeps asking "are we there yet?" If my suspicions are correct, then the nay sayers are basically the speculators with alot at stake. and they want to get rid of some / most of their chips.. by telling ppl that the properties will keep on going up.. buy now buy now.. aha.. just my guess.. Added on February 22, 2011, 10:20 am QUOTE(keithcky @ Feb 22 2011, 10:17 AM) Buy things with potential you wouldn't need to wait for the price to drop. Anytime is a good time. this one needs clever + lucky people..how can u certain that the place is potential o not ? uncertainties  This post has been edited by CKHong: Feb 22 2011, 10:20 AM |
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Feb 22 2011, 10:24 AM
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1,853 posts Joined: Oct 2009
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QUOTE(keithcky @ Feb 22 2011, 10:17 AM) Buy things with potential you wouldn't need to wait for the price to drop. Anytime is a good time. True, but you must understand, we do not wait for the fun of it. We wait, because we can't afford.Further more, this is simply a price watch, not meant to influence anybody to buy or not to buy. Personally I say if I wanna buy a home any price is ok as long as I like it, and I can afford it. If wanna invest, I will think twice. Added on February 22, 2011, 10:25 am QUOTE(CKHong @ Feb 22 2011, 10:19 AM) sometime i felt that they're trying to ask more people to join their game.. cus they got alot of chips on hand and they want to get rid of some / most of their chips.. by telling ppl that the properties will keep on going up.. buy now buy now.. aha.. just my guess..  most probably.This post has been edited by TheDoer: Feb 22 2011, 10:25 AM |
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Feb 22 2011, 10:32 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur 
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QUOTE(kochin @ Feb 22 2011, 08:38 AM) perhaps this thread title should be "Are properties prices going to rise?" + 1  |
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Feb 22 2011, 10:43 AM
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1,202 posts Joined: Jun 2009
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QUOTE(CKHong @ Feb 22 2011, 10:15 AM) v1 started.. fresh grad around 2k salary.. properties 200k++ You are wrong. the average salary for fresh grad in v2 is still 2k or less.....food RM2~RM3 people starting to shout .. properties so freakin expensive.. v2.. fresh grad 2k~3k salary.. properties from 200k++ become 300k to 400k++ [new one i mean ]food RM4.5~6 people starting to feel the pain that they can't afford to get a house.. debate start see the difference ? hehe.. problem is income of the rakyat kenot cope with the property price + fuel hike + food hike etc etc keep buy keep buy..buy more~~~ move bolehland economy~~~ next time bolehland reli change to high income country.. we'll remember the efforts u all made |
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Feb 22 2011, 10:47 AM
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1,590 posts Joined: Nov 2006
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QUOTE(TheDoer @ Feb 22 2011, 10:11 AM) Well, there's no need for you to conclude it, because we all know it hasn't happen. And if true to history, nay sayers will pop in and announce it again. i wonder y u are so angry with me Like the kid who keeps asking "are we there yet?" If my suspicions are correct, then the nay sayers are basically the speculators with alot at stake.  for all i know i just stating the facteverybody can share their opinions here, and i never said that u r wrong about ur prediction but 1 thing for sure, i aint no speculator  no hard feeling bro QUOTE(CKHong @ Feb 22 2011, 10:19 AM) sometime i felt that they're trying to ask more people to join their game.. cus they got alot of chips on hand maybe ur guess is slightly wrongand they want to get rid of some / most of their chips.. by telling ppl that the properties will keep on going up.. buy now buy now.. aha.. just my guess.. Added on February 22, 2011, 10:20 am this one needs clever + lucky people.. how can u certain that the place is potential o not ? uncertainties i dun have alot of chips in my pocket as for me buy some, rent some and sell some |
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Feb 22 2011, 10:49 AM
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1,068 posts Joined: Jan 2007
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Just increase my rental by 10% in JB. Property price will drop if rental is not sustainable.
So price for me is still going up and just paid earnest money for 8th property. This post has been edited by jasonhanjk: Feb 22 2011, 10:50 AM |
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Feb 22 2011, 10:49 AM
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1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(jphlau @ Feb 22 2011, 10:43 AM) You are wrong. the average salary for fresh grad in v2 is still 2k or less..... my brother just started working (less than 6 months ago) in software industry as a developer earns 1.8k back to the old saying, everything rise, only salary not rise This post has been edited by property101: Feb 22 2011, 10:49 AM |
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Feb 22 2011, 10:53 AM
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QUOTE(property101 @ Feb 22 2011, 10:49 AM) my brother just started working (less than 6 months ago) in software industry as a developer earns 1.8k depends on what company. fresh grad in my company are getting 2.5Kback to the old saying, everything rise, only salary not rise |
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Feb 22 2011, 10:56 AM
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QUOTE(cheraspeople @ Feb 22 2011, 11:53 AM) depends on what company. fresh grad in my company are getting 2.5K permanent staff is 2.5k, but contract staff is 2k... as standard in gomen link comp. |
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Feb 22 2011, 10:56 AM
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1,202 posts Joined: Jun 2009
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QUOTE(cheraspeople @ Feb 22 2011, 10:53 AM) depends on what company. fresh grad in my company are getting 2.5K we are talking about average starting salary.... |
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Feb 22 2011, 10:59 AM
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1,590 posts Joined: Nov 2006
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for government servant, average is around 2.6k including allowances
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Feb 22 2011, 11:02 AM
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1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(epie @ Feb 22 2011, 10:59 AM) for government servant, average is around 2.6k including allowances it might seems high in the beginning, but try to compare the same gov servant with a private sector employee again the next 5 yearsmy knowledge on the increment of salary in government sector is limited, but heard is slow. in private sector, 100% within 3 years in highly possible This post has been edited by property101: Feb 22 2011, 11:05 AM |
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Feb 22 2011, 11:08 AM
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QUOTE(property101 @ Feb 22 2011, 11:02 AM) it might seems high in the beginning, but try to compare the same gov servant with a private sector employee again the next 5 years yup...the increment is rather lowmy knowledge on the increment of salary in government sector is limited, but heard is slow. in private sector, 100% within 3 years in highly possible for private, it depends on the company u r working for and ur position |
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Feb 22 2011, 11:09 AM
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QUOTE(property101 @ Feb 22 2011, 10:49 AM) my brother just started working (less than 6 months ago) in software industry as a developer earns 1.8k back to the old saying, everything rise, only salary not rise QUOTE(jphlau @ Feb 22 2011, 10:56 AM) we are talking about average starting salary.... Wah, didn't know that the starting salary is this low. Most of my friends are getting > RM2.5k. Only few getting RM2k-RM2.5k, who want "senang-senang" kind of job, not much OT, relax job etc. |
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Feb 22 2011, 11:10 AM
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QUOTE(epie @ Feb 22 2011, 10:59 AM) for government servant, average is around 2.6k including allowances then why only 10% of malaysian pay taxes???? |
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Feb 22 2011, 11:10 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(property101 @ Feb 22 2011, 11:02 AM) it might seems high in the beginning, but try to compare the same gov servant with a private sector employee again the next 5 years work zo 3 years.. also kenot get 20% ..my knowledge on the increment of salary in government sector is limited, but heard is slow. in private sector, 100% within 3 years in highly possible seems like i'm a failure :'( starting salary this low.. its not achievable for fresh grad to get a decent home liao.. fresh grad come out straight low income.. well done bolehland.. This post has been edited by CKHong: Feb 22 2011, 11:11 AM |
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Feb 22 2011, 11:12 AM
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1,590 posts Joined: Nov 2006
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dunno about tax bro
but for government servants...their allowances are free from tax their basic is around 1.9 k i think 2.5k income only need to pay tax |
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Feb 22 2011, 11:13 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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yeah.. 2.5k above oni need pay tax.. last time 2k need pay liao..
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Feb 22 2011, 11:14 AM
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618 posts Joined: Apr 2009
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prop price will either stagnant or increase..
very rare for it to drop. it is the seller who cant sustain the loan and they need to sell at cheaper price... if not, base on the latest transaction price... it wont drop....... salary..... all are base on case to case basis.. some lucky, get 2.5k.. some not, get 1.8k... increment whether 100% or not also subjective... u get a good boss who appreciate, then u get increment lor |
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Feb 22 2011, 11:16 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(jusco1 @ Feb 22 2011, 11:14 AM) prop price will either stagnant or increase.. agreed.. highly depend on luck ! very rare for it to drop. it is the seller who cant sustain the loan and they need to sell at cheaper price... if not, base on the latest transaction price... it wont drop....... salary..... all are base on case to case basis.. some lucky, get 2.5k.. some not, get 1.8k... increment whether 100% or not also subjective... u get a good boss who appreciate, then u get increment lor good luck then get good boss + who appreciate u.. bad luck.. no need to say already.. This post has been edited by CKHong: Feb 22 2011, 11:17 AM |
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Feb 22 2011, 11:17 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(epie @ Feb 22 2011, 11:08 AM) yup...the increment is rather low i have seen in private sector software developer 300% in <4 years, how about that for private, it depends on the company u r working for and ur position  This post has been edited by property101: Feb 22 2011, 11:20 AM |
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Feb 22 2011, 11:19 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(CKHong @ Feb 22 2011, 10:15 AM) v1 started.. fresh grad around 2k salary.. properties 200k++ perhaps v3.. fresh grad 2k~3k.. properties >350k++ food >RM5.5++food RM2~RM3 people starting to shout .. properties so freakin expensive.. v2.. fresh grad 2k~3k salary.. properties from 200k++ become 300k to 400k++ [new one i mean ]food RM4.5~6 people starting to feel the pain that they can't afford to get a house.. debate start see the difference ? hehe.. problem is income of the rakyat kenot cope with the property price + fuel hike + food hike etc etc keep buy keep buy..buy more~~~ move bolehland economy~~~ next time bolehland reli change to high income country.. we'll remember the efforts u all made  |
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Feb 22 2011, 11:25 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i hope v3
fresh grad 5~6k properties >350k(i dun reli mind) food >RM5.5 (i dun reli mind) at least we can afford to get a decent house maaaa if still 2k~3k.. then most of the rakyat will have to become slave zo.. hair all goes white when every 10 years we're having an economy burst.. kenot do bank repayment.. dapat letter from bank.. forcing us to pay the repayment else bankrupt us.. stress leh like tat.. This post has been edited by CKHong: Feb 22 2011, 11:26 AM |
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Feb 22 2011, 11:26 AM
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618 posts Joined: Apr 2009
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i suggest to all freshie. get a hse now..
as u might not able to get one later.. we have plans that u pay little now, then increase in later years for freshie... ur salary will not increase from 2k to 4k in future for freshie. but price of prop and food will go up by 10% averagely.... how will u afford one later? |
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Feb 22 2011, 11:27 AM
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2,294 posts Joined: Mar 2009
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QUOTE(CKHong @ Feb 22 2011, 12:25 PM) i hope v3 hair white is ok, but most of the ppl became BOTAK... b4 40 yrs leh...fresh grad 5~6k properties >350k(i dun reli mind) food >RM5.5 (i dun reli mind) at least we can afford to get a decent house maaaa if still 2k~3k.. then most of the rakyat will have to become slave zo.. hair all goes white when every 10 years we're having an economy burst.. kenot do bank repayment.. dapat letter from bank.. forcing us to pay the repayment else bankrupt us.. stress leh like tat.. |
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Feb 22 2011, 11:29 AM
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618 posts Joined: Apr 2009
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that is why buy hse now...
due to inflation... ur hse is cheaper now... as compare to the value of ur money later. hehehe |
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Feb 22 2011, 11:33 AM
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2,294 posts Joined: Mar 2009
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QUOTE(jusco1 @ Feb 22 2011, 12:29 PM) that is why buy hse now... u think value of $$ always small meh, sometime the value also become big... i could lost a car (myvi, toyota..) if buy now loh...due to inflation... ur hse is cheaper now... as compare to the value of ur money later. hehehe |
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Feb 22 2011, 11:36 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(jusco1 @ Feb 22 2011, 11:29 AM) that is why buy hse now... freshie with 1.8k~2k u ask them buy housedue to inflation... ur hse is cheaper now... as compare to the value of ur money later. hehehe u're like pushing them to hell.. or maybe their parent freshie later kenot pay the bank .. then if their parent is rich. nvm la.. their luck.. if not... they kena blacklist.. then go for bankrupt.. wahhh.. yeng dou.... unless freshie dun gila gila go buy those that they kenot afford la.. eg : 2k they go buy 300k house.. yeng.. |
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Feb 22 2011, 11:38 AM
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618 posts Joined: Apr 2009
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hehe.
then freshie will always have problem in getting their first hse.  sampool: how can u lost a car if buy now? |
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Feb 22 2011, 11:38 AM
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1,853 posts Joined: Oct 2009
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QUOTE(property101 @ Feb 22 2011, 10:32 AM) + 1 You guys can open another thread. Nobody is stopping you. |
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Feb 22 2011, 11:43 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(jusco1 @ Feb 22 2011, 11:38 AM) hehe. if the bubble burst.. then ma no problem zo lo ! then freshie will always have problem in getting their first hse. sampool: how can u lost a car if buy now? This post has been edited by CKHong: Feb 22 2011, 11:44 AM |
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Feb 22 2011, 11:46 AM
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1,202 posts Joined: Jun 2009
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QUOTE(CKHong @ Feb 22 2011, 11:25 AM) i hope v3 freshies salary double in 2-3 years??? highly unlikely and inflation will be staggeringfresh grad 5~6k properties >350k(i dun reli mind) food >RM5.5 (i dun reli mind) at least we can afford to get a decent house maaaa if still 2k~3k.. then most of the rakyat will have to become slave zo.. hair all goes white when every 10 years we're having an economy burst.. kenot do bank repayment.. dapat letter from bank.. forcing us to pay the repayment else bankrupt us.. stress leh like tat.. Added on February 22, 2011, 11:47 am QUOTE(CKHong @ Feb 22 2011, 11:43 AM) if the bubble burst.. then ma no problem zo lo ! if bubble burst, most banks will tighten their purse string and reduce lending, and most likely most of us will be retrenched...This post has been edited by jphlau: Feb 22 2011, 11:47 AM |
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Feb 22 2011, 11:48 AM
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2,294 posts Joined: Mar 2009
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QUOTE(jusco1 @ Feb 22 2011, 12:38 PM) hehe. buy now RM800kthen freshie will always have problem in getting their first hse. sampool: how can u lost a car if buy now? buy later RM700k, RM100 extra can use to by altis...  |
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Feb 22 2011, 11:49 AM
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659 posts Joined: Nov 2008
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in HK,SG,JP . >50% of your salary goes to your rental
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Feb 22 2011, 11:55 AM
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618 posts Joined: Apr 2009
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ic, but when will it happen for the prop to drop 100k?
hehe prop price in those country is sky rocket high, due to limited land for residential. and it is a good example of prop price will goes up slowly and hard to come down..... |
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Feb 22 2011, 11:56 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i prefer paying less for the properties.. when most of us is retrenched... than paying expensive properties when we have work to do.. where we cannot afford to pay the monthly installment.
400k.. i got a job.. everyone got a job.. easy to get bank loan.. but.. everyday eat maggi.. weekend dun go out to shoping centre.. stay at home.. 300k.. company retrench here and there.. bank tightten the bank loan.. begged parent to borrow 40k~50kk for the downpayment bcos bank tightened the loan and need more $$ for downpayment.. after few years when the economy become better... same as above..i got a job.. everyone got a job.. at least i dun have to eat maggi... can go for movie etc etc.. white hair also lesser.. less stress.. live happily ever after if the properties reli don't crash.. price skyrocket.. then .. no choice edi lo.. i change my future house from condo to flat.. or apartment.. just betting my luck now on waiting for the crash hehe.. i dun care bank tightened the bank loan QUOTE(sampool @ Feb 22 2011, 11:48 AM) buy now RM800k +1 free car... laugh out loud !! hahahhahahaabuy later RM700k, RM100 extra can use to by altis... Added on February 22, 2011, 11:57 am QUOTE(jusco1 @ Feb 22 2011, 11:55 AM) ic, but when will it happen for the prop to drop 100k? *those country" do u mean sg and hongkong and japan ?? hehe prop price in those country is sky rocket high, due to limited land for residential. and it is a good example of prop price will goes up slowly and hard to come down..... This post has been edited by CKHong: Feb 22 2011, 11:57 AM |
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Feb 22 2011, 12:15 PM
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854 posts Joined: Oct 2009
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if Malaysia is moving at the right direction of a developed nation.... we should catch up around 30% of the trend in hong kong.... so it should be safe to buy now or in the near future
This post has been edited by kok_pun: Feb 22 2011, 12:16 PM |
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Feb 22 2011, 12:23 PM
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5,867 posts Joined: Feb 2006
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My friend told me he has put on hold the decision to buy a second house (upgrade) after some one told him this so called "theory".
The sharp price hike started in 2009 and continue to year 2010 as speculators and 1st time house buyers were buying up newly launched properties during these period. The commencement of the loan repayments are likely to start by end of this year or 2012. The theory foresee that the income of the speculators may not be sufficient to service the loan if they can't dispose off the houses due to stagnant income of the genuine house buyers. Thus the start of chain reaction of property price softening. The theory sounds logic but no one knows for sure what will happen in 2012. Any sifu here can give some comments on this theory ? |
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Feb 22 2011, 12:27 PM
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2,294 posts Joined: Mar 2009
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QUOTE(aeiou228 @ Feb 22 2011, 01:23 PM) My friend told me he has put on hold the decision to buy a second house (upgrade) after some one told him this so called "theory". actually in year 2002, they is ppl in US so call richdad (his book prophecy) already predicted there is crash in market in year 2012....The sharp price hike started in 2009 and continue to year 2010 as speculators and 1st time house buyers were buying up newly launched properties during these period. The commencement of the loan repayments are likely to start by end of this year or 2012. The theory foresee that the income of the speculators may not be sufficient to service the loan if they can't dispose off the houses due to stagnant income of the genuine house buyers. Thus the start of chain reaction of property price softening. The theory sounds logic but no one knows for sure what will happen in 2012. Any sifu here can give some comments on this theory ? |
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Feb 22 2011, 01:01 PM
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1,853 posts Joined: Oct 2009
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QUOTE(jusco1 @ Feb 22 2011, 11:38 AM) hehe. Exactly.then freshie will always have problem in getting their first hse. If you think they can't get later when they are senior. Then the fresh grads then even harder to get. If people cannot afford to buy, then how the price going to go up? Doesn't make sense right? Only 2 possibility, 1. is rich people want to own 1 or 2 holiday home. How many people are like this? 2. Speculators who hope to sell the property and make more money. But to who are they going to sell to make this money? Other speculators? The grads can't buy it liao. Conclusion, the price of homes can only go up to a certain level. Depending on the average income. |
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Feb 22 2011, 01:22 PM
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3,318 posts Joined: Dec 2004 From: 1Malaysia
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QUOTE(aeiou228 @ Feb 22 2011, 12:23 PM) My friend told me he has put on hold the decision to buy a second house (upgrade) after some one told him this so called "theory". Like you fren, I also thought we'll have correction starting in 2012. I foresee this correction however will only be applicable to areas or developement where :The sharp price hike started in 2009 and continue to year 2010 as speculators and 1st time house buyers were buying up newly launched properties during these period. The commencement of the loan repayments are likely to start by end of this year or 2012. The theory foresee that the income of the speculators may not be sufficient to service the loan if they can't dispose off the houses due to stagnant income of the genuine house buyers. Thus the start of chain reaction of property price softening. The theory sounds logic but no one knows for sure what will happen in 2012. Any sifu here can give some comments on this theory ? 1. "New money" areas / development 2. Areas or development where its instrinsic value does not match similar, same locale developments. Lay man terms, OVER PRICED. My bet is areas like TTDI, BU, DU etc will hardly kena....................  |
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Feb 22 2011, 01:28 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(Pai @ Feb 22 2011, 01:22 PM) My bet is areas like TTDI, BU, DU etc will hardly kena.................... these areas are mainly old residential homes, surely will kena least if kena.what do you think for new highrise in these areas? what about old residential houses in puchong, cheras, subang? |
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Feb 22 2011, 01:33 PM
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Senior Member
1,360 posts Joined: Mar 2010
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QUOTE(jphlau @ Feb 22 2011, 11:46 AM) freshies salary double in 2-3 years??? highly unlikely and inflation will be staggering without a promotion or job hopping it is unlikely to double the salary within 3 years. average yearly increment is less than 10% for most companies. |
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Feb 22 2011, 01:33 PM
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Senior Member
618 posts Joined: Apr 2009
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the price is still mainly due to demand and supply...
the price will still goes up if there are ppl willing to buy at a higher price, if they think they can sell out even higher than the price they bought. and the price will be affected with inflation and cost price of new dvlpmt... if a new shop beside your old building is 10% higher than yours, surely urs will goes up too. and for sure price of new project will only goes up, as company needs to make more profit.... |
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Feb 22 2011, 01:39 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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someone said that subsale properties is going very little rite ? most of ppl buy is new development..
thats why agents doing part timer for auction unit.. i duno hear who say liao in this discussion forum.. subsale > if they buy for their own stay.. they need to have 10% of the properties + berpuluh puluh k jacked up price compared to the market value of that props + SnP etc etc + (optional) renovation thats why people hardly can sell their props now.. except for those who got family support.. |
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Feb 22 2011, 01:44 PM
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Junior Member
289 posts Joined: Oct 2008 From: Mars
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V2 already... and still prices are sky rocketting.
1st of all thank you for opening the thread for discussions and debates. And as mentioned throughout this thread the prices for RE in Klang Valley and Penang are rising sharply for the past few years. And for those who are looking for a decent place is struggling... (myself not excluded). For those who have purchase, will buy the 2nd one...etc..etc Damn those speculators!... This post has been edited by eastern: Feb 22 2011, 01:45 PM |
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Feb 22 2011, 01:47 PM
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Senior Member
618 posts Joined: Apr 2009
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cant blame the speculators..
it is a free market out there... rich will get richer... the poor like us will only get poorer.. too bad. |
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Feb 22 2011, 01:52 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(jusco1 @ Feb 22 2011, 02:47 PM) cant blame the speculators.. u r right, and one day will become wat happen in middle east now........ it is a free market out there... rich will get richer... the poor like us will only get poorer.. too bad.  |
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Feb 22 2011, 02:06 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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sure boh?
v2 liao alredi? theory & practical is 2 different things when reach v20we can look back at all this thread & say 'damn, should hav bought, since we going to high income status, sure up' I am a speculator & like gambling  izit good idea put excess duit into fd & earn peanuts  if age 70, its good idea remember scared money earns nothing. better get something, than hav nothing, do make sure its affordable |
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Feb 22 2011, 02:17 PM
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Senior Member
1,360 posts Joined: Mar 2010
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Singapore for example, property price went up and rental increase at the same time yet demand is still there.
Malaysia (Klang Valley) however is different. Sharp increase in property prices but stagnant rental. Most fresh grades share a condominium/apartment in the range of RM1.5k the most. |
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Feb 22 2011, 02:19 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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b4 we reach high income status..
we need to stop corruption.. rasuah.. unknown money bring out from msia.. dun think can stop those in 3~5 years time.. unless BN lose la.. hahahahahhahahahahaha... so high income nation.. can slow slow wait ba... |
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Feb 22 2011, 02:25 PM
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Senior Member
2,294 posts Joined: Mar 2009
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i think the lottery company need to increase the payout... milllion $$ only can effort a house...
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Feb 22 2011, 02:26 PM
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Junior Member
59 posts Joined: Oct 2005
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Mark my words.....
Will drop in 6 months.... |
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Feb 22 2011, 02:29 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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irregardless of high income nation or wateva, property prices r not down
tis debate will go to v2020 & ur cucu might learn from it now, where is the bubble? if bolehland banks have strict lending standards we r not the usa giving out subprime loans while u guys debate, I'm buying  properties is a good inflation hedge, but do stick to ur own analysis |
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Feb 22 2011, 02:34 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(sulifeisgreat @ Feb 22 2011, 03:29 PM) irregardless of high income nation or wateva, property prices r not down if this is the price we need to pay for v2020...nothing need to be proud of.... tis debate will go to v2020 & ur cucu might learn from it now, where is the bubble? if bolehland banks have strict lending standards we r not the usa giving out subprime loans while u guys debate, I'm buying properties is a good inflation hedge, but do stick to ur own analysis |
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Feb 22 2011, 02:36 PM
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Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia
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1st QUARTER 2011 PROPERTY BAROMETER
Posted Date: Feb 18, 2011 By: iProperty.com NEW YORK New York City’s housing market nished 2010 with a 10% increase in sales prices over the last 3 months of the year. According to the Real Estate Board of New York, Manhattan saw the highest prices and the biggest surges, with average prices increasing 13% during Q4 2010 to US$1.45 million. Nouriel Roubini and John R. Taylor, known as the "Dr. Dooms" of nance, and John Paulson, the hedge fund manager who made hugely successful bets on when the housing bubble would burst, are some of the Wall Street heavyweights who have recently purchased New York residential property. This is perhaps the most positive sign for the Manhattan property market since the nancial crisis and we expect prices will continue to increase during 2011. KUALA LUMPUR Malaysia had a very strong year during 2010. The implementation of two economic stimulus packages, allied with the encouraging performance of the manufacturing and services sectors, which both expanded by 7.5% and 5.4% respectively during Q3 2010, led to an estimated GDP growth of 6.5% during 2010. The Malaysian Ringgit, the best Asian emerging market currency in 2010, is expected to continue its strong performance in 2011 with a 4.7% gain, after its 12% appreciation last year. We expect the Kuala Lumpur property market to remain stable during 2011 and estimate growth levels of 5% on the back of increasing transaction volumes during 2010 and an ambitious economic transformation program. According to the World Economic Forum, Malaysia was the only emerging market to enter the top 20 list of countries in the world’s fi nancial development index. LONDON The London property market is expected to continue a similar pattern to 2010. Supply of new housing is expected to remain limited as funding for construction remains tight and mortgage lenders continue to favour the equity-rich. London’s lack of real estate stock, along with local buyers’ di culty securing nancing, is expected to continue to spur London’s rental markets. Rents performed well in 2010, rising by 16% and this trend is expected to continue in 2011. What has been key to the UK market is the low interest rates; the UK base rate remained at 0.50% after the Bank of England’s January meeting; however economists expect it to rise to 1% later in the year. Even with this increase, interest rates would still be at a historic low; interest rates averaged 5.18% from 1997 to 2007. IP Global does not see a particularly steep recovery, but with low interest rates and high rental yields the UK will still o er strong value over the next 12 to 18 months. CHINA China's Economic Forecasting Institute has estimated that during 2011 the country’s GDP will expand by 9.8% with in ation forecast to average 3.7% for the year. In ation is expected to reach its highest level in Q1 2010 as a result of rising commodity prices and salaries. China’s central bank has raised interest rates twice since October 2010 to curb the country’s rampant growth and has also recently announced property purchase limitations for second and third-tier cities as a result of property prices still increasing by 0.3% during December to end 6.4% higher y-o-y. The level of restrictions now faced by property investors and the likelihood of more during 2011 gives IP Global the view that investment elsewhere in a less speculative market will o er investors more security. DUBAI Recent data has highlighted that Dubai house prices are almost 60% below their peak levels. According to Reuters, this is set to drop further by 5% during 2011, as new units are released onto the market, therefore increasing supply. With rents in the city decreasing, interest rates still high and service charges in ated, many buyers are expected to wait and review the Dubai market later in 2011. GREECE The outlook for Greece continues to look bleak. The Euro currency continues to struggle and Greece’s debt levels remain high at 140% of their GDP. Desperate to raise funds, Greece o ered 6000 of their Islands for sale in 2010, which were previously o -limits to citizens and foreigners. Greece only just avoided the danger of default by securing a multi-billion Euro rescue package from the EU and International Monetary Fund (IMF) over a three-year period, agreeing to painful austerity measures and reforms. Greece’s economy is expected to contract by 3% this year and whilst their economy continues to de ate, IP Global does not suggest investment in this market. |
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Feb 22 2011, 02:40 PM
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Junior Member
78 posts Joined: Feb 2010
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QUOTE(darius30 @ Feb 22 2011, 02:26 PM) Mark my words..... depend on where u looking at and what u are looking at le Will drop in 6 months.... |
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Feb 22 2011, 02:42 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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aiyo, when market down & property not move much during the previous pm era
rakyat complain, wan hope & change, govt abolish rpgt & invite ff in & relax the standards for them now market up & property up, rakyat oso complain got mrt, oso bising, bantah here & there any complain king who had not gone thru a recession eg. 1998 financial crisis, u hav no idea wat it means bank is takut to giv loan, job is uncertain & int rate is high if it really happens, do u even hav 6 months standby savings to ride thru it  or u gonna invest? QUOTE(sampool @ Feb 22 2011, 02:34 PM) if this is the price we need to pay for v2020...nothing need to be proud of.... |
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Feb 22 2011, 02:42 PM
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Senior Member
857 posts Joined: Sep 2007
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Not sure whether it's going to be up or down but I just bought an extra unit for own stay / rental / capital appreciation in Penang. Can afford to pay the loan even without any tenants
If it jacks up in price better still but I just treat it as another place to stay if needed. Cheers! |
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Feb 22 2011, 03:09 PM
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Junior Member
78 posts Joined: Feb 2010
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QUOTE(jeff_ckf @ Feb 22 2011, 02:42 PM) Not sure whether it's going to be up or down but I just bought an extra unit for own stay / rental / capital appreciation in Penang. Can afford to pay the loan even without any tenants yeah .. i am going in this year ... If it jacks up in price better still but I just treat it as another place to stay if needed. Cheers! suka tak suka one in KL , one in Cyberjaya , one in Melaka/Penang ... $$$ sitting in FD is no fun ... This post has been edited by ivanachang: Feb 22 2011, 03:10 PM |
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Feb 22 2011, 03:27 PM
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Junior Member
221 posts Joined: Jan 2003
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the bubble is not going to blow, don't see it happen, as there are still room to grow more. no property price going to drop, and don't think the property can form it's own bubble as people still have money, unless the share market crash to 400 points and stay for a year or 2, then that's a good blow. btw, have we ever seen a property market crash before ? not really right, except share market crash which affect everyone.
As government is pumping lots of money into local development, more money will be in more hand. so, still BBB for your own stay either condo or landed, else the price will still raise very fast. Now places like Klang is catching up to Puchong (example setia alam, bukit raka), and kajang price is catching up to klang price.. |
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Feb 22 2011, 03:44 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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as the heated debate continues. one side, go iproperty, make calculation, survey area, calculate affordability & do a nike
I got a fren, had a double story freehold house in puchong, near sri kesidang apt he sold for 350k & keep in fd coz expect bubble to explode few years back now... cry oso no use la. alredi told him to keep it & rent out, even though the rent kenot pay the loan at tat time now it is in fd & he await the bubble. the property price, as a hedge against inflation, did its job but without the owner another side, read all the doom, gloom & negative report to back up each negative with another negative report meet up all the negative & complain king frens over teh tarik in new developed areas topic is y got rakyat still buy property, they talk on kura-kura & arnab story. they r willing to wait & wait & wait  however, things which they can see with their own eyes moves up. alas, the kura-kura & arnab story is jus a story time to get back to reality, nasi lemak price over 50 years ago is alwiz up (do check with nenek) due to inflation |
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Feb 22 2011, 03:48 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(sulifeisgreat @ Feb 22 2011, 04:44 PM) as the heated debate continues. one side, go iproperty, make calculation, survey area, calculate affordability & do a nike ok lah, let me burn one altis loh..... I got a fren, had a double story freehold house in puchong, near sri kesidang apt he sold for 350k & keep in fd coz expect bubble to explode few years back now... cry oso no use la. alredi told him to keep it & rent out, even though the rent kenot pay the loan at tat time now it is in fd & he await the bubble. the property price, as a hedge against inflation, did its job but without the owner another side, read all the doom, gloom & negative report to back up each negative with another negative report meet up all the negative & complain king frens over teh tarik in new developed areas topic is y got rakyat still buy property, they talk on kura-kura & arnab story. they r willing to wait & wait & wait however, things which they can see with their own eyes moves up. alas, the kura-kura & arnab story is jus a story time to get back to reality, nasi lemak price over 50 years ago is alwiz up (do check with nenek) due to inflation |
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Feb 22 2011, 03:51 PM
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Junior Member
265 posts Joined: Apr 2008
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QUOTE(sampool @ Feb 22 2011, 03:48 PM) ok lah, let me burn one altis loh..... burn an altis and get a camry back |
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Feb 22 2011, 03:52 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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relax, take some time to digest the prop info as per affordability. never do things in a rush
eg. buy property tomolo or nex week is rush! analyse it but do not take too long QUOTE(sampool @ Feb 22 2011, 03:48 PM) ok lah, let me burn one altis loh..... |
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Feb 22 2011, 03:55 PM
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Senior Member
1,548 posts Joined: Apr 2005
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V1 is giving some interesting information.
Simple check tells me that either people are getting more fed up with property prices and/or speculators are trying harder to defend the high prices. Time it took for 500 postings in v1: 0-500: 551 days 501-1000: 250 days 1001-1500: 65 days 1501-2000: 45 days 2001-2500: 42 days |
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Feb 22 2011, 04:50 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(prody @ Feb 22 2011, 03:55 PM) V1 is giving some interesting information. good one! Simple check tells me that either people are getting more fed up with property prices and/or speculators are trying harder to defend the high prices. Time it took for 500 postings in v1: 0-500: 551 days 501-1000: 250 days 1001-1500: 65 days 1501-2000: 45 days 2001-2500: 42 days the info itself says a bit - since the majorty are for high prices to continue, can conlcude more speculators have jumped on the bandwagon over time. perhaps the party will last a bit longer than most think. and ok, someone said before - live by the sowrd, die by the sword. no qualms. |
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Feb 22 2011, 05:09 PM
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Senior Member
1,441 posts Joined: Oct 2006 From: *Gadgets world*
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QUOTE(sulifeisgreat @ Feb 22 2011, 02:42 PM) aiyo, when market down & property not move much during the previous pm era bravo to the bold sentence!rakyat complain, wan hope & change, govt abolish rpgt & invite ff in & relax the standards for them now market up & property up, rakyat oso complain got mrt, oso bising, bantah here & there any complain king who had not gone thru a recession eg. 1998 financial crisis, u hav no idea wat it means bank is takut to giv loan, job is uncertain & int rate is high if it really happens, do u even hav 6 months standby savings to ride thru it or u gonna invest?imho, prices and demand for landed properties will not drop, those higher end bigger unit condos, may be. |
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Feb 22 2011, 05:22 PM
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Junior Member
213 posts Joined: Sep 2009
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reading all these postings make me worry sick.
i better fast fast grap a house. |
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Feb 22 2011, 05:26 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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yea... can grab a house.. then grab liao..
if i got $$ i also grab one.. |
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Feb 22 2011, 05:36 PM
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Junior Member
213 posts Joined: Sep 2009
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but if dont grap now, later even harder to buy, how???
man, this is scary... |
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Feb 22 2011, 05:42 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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yea.. grab those that u can afford.. else ur live will be very miserable...grab wisely..
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Feb 22 2011, 05:51 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(CKHong @ Feb 22 2011, 05:42 PM) yea.. grab those that u can afford.. else ur live will be very miserable...grab wisely.. but now every where in KV seem UP UP UPso grap any where in KV seem safe... |
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Feb 22 2011, 05:55 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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lol..
seem safe only.. not confirm safe.. nothing is confirm one.. diff ppl diff thinking.. so buy wisely |
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Feb 22 2011, 06:45 PM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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there is another thread in Business section, a lot of people seems to be able to save huge portions of their salary, current property price is still affordable for many people?
http://forum.lowyat.net/topic/1750105 (ok...i know some people are going to argue that they are the minority, is there any other point of view apart from that?) |
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Feb 22 2011, 07:41 PM
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Junior Member
37 posts Joined: Jan 2008
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I agree that properties will never depreciate.
But never in history (Malaysia's at least) had properties' prices increase in such magnitude(30%-70%) in a span of 2-3 years, while salary is stagnating. Some may argue that with household income of 10k-20k, properties are still affordable. But let's be real. Are they the majority?? I have always believed that fundamentals will always have a final say. And from another point of view, if this speculation, or appreciation(as most of you of prefer to believe) of properties prices is to continue, do you think the majority who could not afford a house will just sit back and just reflect at their misfortune?? Do you guys think the government have learned nothing from Tunisia and Egypt?? People's hardship = government's downfall. And bear in mind that majority of our people still think 'crutches' is a privilege of theirs. Bet your life that government will intervene. So start looking at things in macro. Just my 2 sen. |
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Feb 22 2011, 09:14 PM
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Junior Member
7 posts Joined: Feb 2011
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I think properties price in KL definitely will go up, but the magnitude is uncertain, whether it's really huge or just a mere few thousands. The key is offcourse location and the modern design that catch the eyes of the buyers
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Feb 22 2011, 10:01 PM
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Senior Member
1,068 posts Joined: Jan 2007
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QUOTE(sampool @ Feb 22 2011, 12:27 PM) actually in year 2002, they is ppl in US so call richdad (his book prophecy) already predicted there is crash in market in year 2012.... That is the stock market crash caused by withdrawing of the 401k by the baby boomer. By law they are required to withdraw when reach a certain age.Kiyosaki already predict Lehman will have problem in 2007 / 2008. So this year he predicted the fall of China and a second wave of sub-prime. Added on February 22, 2011, 10:20 pm QUOTE(prody @ Feb 22 2011, 03:55 PM) V1 is giving some interesting information. Quote for truth. As properties keep going up, people start to be aware. Now wait for euphoria.Simple check tells me that either people are getting more fed up with property prices and/or speculators are trying harder to defend the high prices. Time it took for 500 postings in v1: 0-500: 551 days 501-1000: 250 days 1001-1500: 65 days 1501-2000: 45 days 2001-2500: 42 days This post has been edited by jasonhanjk: Feb 22 2011, 10:20 PM |
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Feb 22 2011, 10:48 PM
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Junior Member
78 posts Joined: Feb 2010
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QUOTE(CKHong @ Feb 22 2011, 05:55 PM) lol.. depend on what u want ?seem safe only.. not confirm safe.. nothing is confirm one.. diff ppl diff thinking.. so buy wisely to stay = look for security and location invest = hot commercial market |
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Feb 22 2011, 11:08 PM
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Senior Member
820 posts Joined: Jan 2003
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QUOTE(dannyme @ Feb 22 2011, 07:41 PM) I agree that properties will never depreciate. Never say never, properties do depreciate like in the US or in Malaysia during 1997.....and it will happen again...the million dollar question is, when?But never in history (Malaysia's at least) had properties' prices increase in such magnitude(30%-70%) in a span of 2-3 years, while salary is stagnating. Some may argue that with household income of 10k-20k, properties are still affordable. But let's be real. Are they the majority?? I have always believed that fundamentals will always have a final say. And from another point of view, if this speculation, or appreciation(as most of you of prefer to believe) of properties prices is to continue, do you think the majority who could not afford a house will just sit back and just reflect at their misfortune?? Do you guys think the government have learned nothing from Tunisia and Egypt?? People's hardship = government's downfall. And bear in mind that majority of our people still think 'crutches' is a privilege of theirs. Bet your life that government will intervene. So start looking at things in macro. Just my 2 sen. |
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Feb 23 2011, 01:11 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Even though properties price is escalating a lot, the rental rate is not at the same pace with properties price, move like turtle speed only, some even hardly increase much.
It just means rental yield is not attractive anymore (for some properties), so for investment purposes, it is not favourable factor. Previously, invest in properties, you have 2 front to "win" either good rental yield or capital appreciation, or both. Now become solely rely on capital appreciation, without good rental yield. Lose one winning chance. (although it doesn't mean you cannot win in capital appreciation). |
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Feb 23 2011, 09:22 AM
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Senior Member
1,853 posts Joined: Oct 2009
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Good point there. And if rental is less of a purchasing factor, then it will be less attractive for people to invest. Thus the slow down of the property hike. If it does not slow down, then there will be a pop, because obviously it was sustained by speculation only.
Just to get this straight for everyone.... Property bubble is a fact not a myth. The only question is When, Where, and by How much. Despite our research, it may go either way. So don't be too proud no matter which side of the fence you sit. But on the non speculators camp, we can't help but jeer, because basically, the speculators have made it a living hell for us to afford a home. I am tempted to get a 2 or 3 upper-low cost homes to invest and rent out, seriously I know of a very nice place. The prop is near to a new industrial area, and the houses are not in disrepair. But I am not doing it because of ethical reasons, and because I know that it is a gamble for nothing but greed. |
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Feb 23 2011, 09:22 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(cherroy @ Feb 23 2011, 01:11 AM) Even though properties price is escalating a lot, the rental rate is not at the same pace with properties price, move like turtle speed only, some even hardly increase much. +1 It just means rental yield is not attractive anymore (for some properties), so for investment purposes, it is not favourable factor. Previously, invest in properties, you have 2 front to "win" either good rental yield or capital appreciation, or both. Now become solely rely on capital appreciation, without good rental yield. Lose one winning chance. (although it doesn't mean you cannot win in capital appreciation). |
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Feb 23 2011, 09:31 AM
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Senior Member
1,853 posts Joined: Oct 2009
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The funny thing about supply and demand is....
Even if there is ample amount of supply. But the suppliers all agree to raise the prices by leaps and bounds. If it is a necessity the people that requires it will continue to pay the asking price, as far as they can afford. This is not indictive of the actual market price. It's like a robber who kills an old man for 20 sens. Nobody is the winner. This post has been edited by TheDoer: Feb 23 2011, 09:33 AM |
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Feb 23 2011, 10:04 AM
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Junior Member
59 posts Joined: Oct 2005
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If u got a lot of money, no need to think. Go ahead and buy few more.
If u got ngam2 money for 1 property, and buying now is really stupid...even buying for own stay. |
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Feb 23 2011, 10:33 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(darius30 @ Feb 23 2011, 10:04 AM) If u got a lot of money, no need to think. Go ahead and buy few more. really?If u got ngam2 money for 1 property, and buying now is really stupid...even buying for own stay. seems like i should hold now? i am so confused one hand scared by comment of property up non stop one hand got ppl say burst. i hv the history of jumping in to an investment (for example stock) immediately price plunge, drop drop drop. sorry not history is Histories. i guess i never learn... This post has been edited by chubbyken: Feb 23 2011, 10:34 AM |
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Feb 23 2011, 10:48 AM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(chubbyken @ Feb 23 2011, 10:33 AM) really? Then you should join now. We are hoping it will drop. seems like i should hold now? i am so confused one hand scared by comment of property up non stop one hand got ppl say burst. i hv the history of jumping in to an investment (for example stock) immediately price plunge, drop drop drop. sorry not history is Histories. i guess i never learn... Nah... just kidding. I think generally we all agree, if it's for own home, you can go ahead and buy it if you can afford. No matter what the price, it's still your home you don't lose anything. On the otherhand, if you're thinking of investing, maybe now is not the time. especially on props, that you can see is highly inflated. |
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Feb 23 2011, 02:04 PM
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Junior Member
306 posts Joined: Mar 2010
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just a thought... so people say property prices will drop... but the question is when?
let's say 1 year from now there will be a drop... but from now to next year prices continue to go up... then it drops... and the price it drops to is still higher than the price levels now... how? so... don't wait... don't just simply buy buy buy... only buy if it is a good buy!!! kekeke... so many buys... |
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Feb 23 2011, 02:11 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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yep.. problem is we duno when it will drop..
some scare : buy liao.. few more months.. it drop.. some kenot afford to buy.. so no other choice.. wait looh.. |
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Feb 23 2011, 03:12 PM
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Senior Member
663 posts Joined: Oct 2008
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QUOTE(Pai @ Feb 22 2011, 01:22 PM) Like you fren, I also thought we'll have correction starting in 2012. I foresee this correction however will only be applicable to areas or developement where : Correct, correct, correct. Agree v what you say. Mini bubbles forming esp newly developed area. Hope will not burst but if it did burst, first hit will be the new overprice properties. 1. "New money" areas / development 2. Areas or development where its instrinsic value does not match similar, same locale developments. Lay man terms, OVER PRICED. My bet is areas like TTDI, BU, DU etc will hardly kena.................... It is unbelievable that new development sitting on formal rubbish dump also 'sold out' because of mere news on LRT extension, not even shadow yet but breeze, fire already full blown. Tat's dangerous. Nobody even care to do a search on the developers' background. Others will will be new development tens of kms away from town but demand higher price than ttdi, bu, blah-blah ... So layman common sense can answer simple question, not need expert to tell u lah. Not prophet of doom to predict when's the dooms day coming. But received some wind for someone in the bank in managerial position tat thing might change by yr end. Some say 2nd wave of Euro crisis. I think might be after GE when piggie bank running dry, or when all the new development completed and entering the market at the same time. They will feel the strongest resistance. Well, if they can break the resistance level and have the same demand, then ok. All are safe. Else, many who are waiting in this forum will be happily buying over at a discount, 5%, 10%, 15% ... In the end, the developers run away will all your current and future cash and end up you become slaves for the banks for the rest of your life all because you don't understand your own needs and wants. This post has been edited by Bobby C: Feb 23 2011, 03:18 PM |
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Feb 23 2011, 03:52 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(TheDoer @ Feb 23 2011, 09:31 AM) The funny thing about supply and demand is.... It is about people expectation.Even if there is ample amount of supply. But the suppliers all agree to raise the prices by leaps and bounds. If it is a necessity the people that requires it will continue to pay the asking price, as far as they can afford. This is not indictive of the actual market price. When 95% of people expect A item price will be going up, you buy, I buy. You jack up price, I also jack up price, everyone do it, price keep on escalating. Just like people said, price keep on escalating, not buy now, tomorrow higher. Tomorrow not buy, after tomorrow higher So die die also buy. Mass people expectation is a powerful force. Only until one day, people get burnt and lose in speculation on the expectation, only then this fever can be slow down. Developers have nothing to lose, by keep on launching new project, as all risk are with properties buyers side. (when the project is sold out) Housing or real estate is a strange product. Whenever we bought a thing, we only paid money when the product is ready to use. Just like buying car, you only paid money when you bought the ready to use car aka completed car. But house, you need to pay even though the house is 10% completed. Do we see car manufacturers demand 10% or progressive payment when car is 50% completed? Also, nowadays, developers are more clever in launching project, by adopting 1st phase, 2nd phase, 3rd phase, at the same area, and one common thing I noticed, 1st is always the cheapest, and being sold out quickly, which give good reason to hike on price on 2nd phase. When similar house on 2nd phase is launched at higher price, it pushed up the 1st phase house. And when 1st phase buyer make good money, it tends to people "greedy", and people will said/see, hey must buy, see how 1st phase buyers make decent profit, which prompt people to buy or rush to the 2nd phase, and so on on 3rd phase. |
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Feb 23 2011, 04:27 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i saw one properties.. it got 2 block..
stated both block will be completed in same date and time.. but then the developer make it phase 1 and 2 =.= phase 2 will be more expensive than phase 1 for 20~30k both also build the same time.. finish the same time.. developer purposely make it 2 phase.. reli muntah darah.. |
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Feb 23 2011, 04:35 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(CKHong @ Feb 23 2011, 04:27 PM) i saw one properties.. it got 2 block.. agree.stated both block will be completed in same date and time.. but then the developer make it phase 1 and 2 =.= phase 2 will be more expensive than phase 1 for 20~30k both also build the same time.. finish the same time.. developer purposely make it 2 phase.. reli muntah darah.. now i think a lot of profit already grab by developers investor might not gain so much zor? |
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Feb 23 2011, 04:48 PM
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Senior Member
663 posts Joined: Oct 2008
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QUOTE(CKHong @ Feb 23 2011, 04:27 PM) i saw one properties.. it got 2 block.. That's ok, they did the same 6 yrs ago and way before tat. Early birds catch the worms. Marketing strategy. If u like ah pek see-see-look-look-going-merry-go-round-cannot-make-up-your-mind type then u good on you (no offense lah not referring to anyone here).stated both block will be completed in same date and time.. but then the developer make it phase 1 and 2 =.= phase 2 will be more expensive than phase 1 for 20~30k both also build the same time.. finish the same time.. developer purposely make it 2 phase.. reli muntah darah.. Worst they kept all the good units to themselves. Tell you all sold out or booked. If you interested, leave ur name, card, hp no, they will call u when available. Then slowly one by one release, call u so-and-so loan cannot approve lah, now available ... if u interested, quick quick money now or never... telling the same to all. S&P, building layout, official launch only next yr or next next yr type. This type of developers first go tell them go fly kite. Look straight to our eyes. Just tell us what you are selling on the spot don't hanky panky behind the scene else give u a tight slap on the spot. Better put my hard earn money in many other investments. Don't limit urself to properties around KV. And dont just looking at houses and condos. This post has been edited by Bobby C: Feb 23 2011, 04:49 PM |
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Feb 23 2011, 05:51 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(CKHong @ Feb 23 2011, 04:27 PM) i saw one properties.. it got 2 block.. Marketing strategy and sales tactics apply to all kinds of products, although I dun like developer to goreng, but this is their rights to do so, dun blame developer, they are not pointing a gun at you to buy their products, willing buyers willing sellers, free mkt.., dun forget, those big guns are all public listed firms, profit oriented is the ultimate goal. stated both block will be completed in same date and time.. but then the developer make it phase 1 and 2 =.= phase 2 will be more expensive than phase 1 for 20~30k both also build the same time.. finish the same time.. developer purposely make it 2 phase.. reli muntah darah.. It is nothing wrong with the developer pricing higher and higher for each phase, so long the property worth it, then grasp it, and vice versa just leave it!! Buyer must do some research b4 decide to buy...if not, renting isn't a bad option still while waiting for the price to drop I hv 2 wishes :- 1. "Hoping" the price drop 2. Increase my earning I think the later one is within my control, I hv 2 jobs (looking for 3rd part time) (it is quite normal in HK, Taiwan and China now) |
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Feb 23 2011, 06:00 PM
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Junior Member
38 posts Joined: Jan 2010
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well, if developer not sell at higher price, internal staff,lawyer,banker,etc will take advantage to buy them n flip at higher price for investor or us.Sad to say, it's always happen 90% soldout not even pre-launch yet.
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Feb 23 2011, 06:20 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(mcwong @ Feb 23 2011, 06:00 PM) well, if developer not sell at higher price, internal staff,lawyer,banker,etc will take advantage to buy them n flip at higher price for investor or us.Sad to say, it's always happen 90% soldout not even pre-launch yet. Yr $$ is in yr pocket, why do you want to buy at a higher price.Name me which projects are fully sold prior the the official launching..I know one Magna Prima One Jalil Got chance to buylah, not a good excuse |
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Feb 23 2011, 09:44 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(UFO-ET @ Feb 23 2011, 05:51 PM) Marketing strategy and sales tactics apply to all kinds of products, although I dun like developer to goreng, but this is their rights to do so, dun blame developer, they are not pointing a gun at you to buy their products, willing buyers willing sellers, free mkt.., dun forget, those big guns are all public listed firms, profit oriented is the ultimate goal. The purpose of phase 2 is higher than phase 1, is to provide a step ladder for pricing increment. It is nothing wrong with the developer pricing higher and higher for each phase, so long the property worth it, then grasp it, and vice versa just leave it!! Buyer must do some research b4 decide to buy...if not, renting isn't a bad option still while waiting for the price to drop If you know how valuation of properties being determined, then clearly, phase 1 valuation must match the phase 2 pricing. For same location, same houses type. Phase 1 RM 200K Phase 2 Rm 220K All people even professional valuer will say, now house here worth Rm220k. Come in launching phase 3 Rm 250K, now phase 1 & 2 worth Rm250k. Does anyone want to sell phase 1 at below Rm250K when adjacent phase is now sold at Rm250k? Answer is obvious. Phase 4, launch at Rm300K, now phase 1,2,3 worht Rm300k, now the market turns hot already, buy a house can earn 50%, in a few years time. Phase 5, Rm400k, market even hotter now. When market is hot, developers won't short of buyers coming, and for the same area of land, they can sell higher house price now. So it is important they split out more phase and smaller quantity to be sold, so that each phase is sold out each time. As long as each phase is sold out, it provides another step ladder to higher pricing. Above just my view, doesn't necessary must be true. |
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Feb 23 2011, 10:51 PM
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Junior Member
15 posts Joined: Aug 2005 From: KL
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I heard that property in the range of 500k-800k will continue to march on and if the BUBLE breaks, it wouldn't be affected that much... coz many stil can afford it... unlike the higher ends one (800k and above)...
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Feb 24 2011, 12:41 AM
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Junior Member
108 posts Joined: Aug 2006
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QUOTE(whiterival @ Feb 23 2011, 10:51 PM) I heard that property in the range of 500k-800k will continue to march on and if the BUBLE breaks, it wouldn't be affected that much... coz many stil can afford it... unlike the higher ends one (800k and above)... I doubt many people can afford property 500k-800k... For most of us, affording property at 300k is still a problem. Many Malaysian are earning just 3k-4k / month. Buying a 300k will cost them 1.5k in monthly repayment, which is almost half of their salary, excluding maintenance and other fees!!! |
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Feb 24 2011, 02:49 AM
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Junior Member
400 posts Joined: Apr 2008 From: Bolster Island
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Im planning to buy a house in KL now, now seeing the normal terrace house also almost Rm500k, a condo its around Rm300k.
will property gonna drop? i dont think so? last 2 years a semi D was about 500-600k. now for a 500k, i think you can buy a terrace house only. rich people tend to be rich. they play property and the poor ones.. Haihz.. as whycare mentioned. its very hard 2 repayment for a house as in 500k you at least need 3k per mth. |
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Feb 24 2011, 06:46 AM
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Junior Member
270 posts Joined: Feb 2011
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Extract from Bernama (22/02/11)
KUALA LUMPUR -- iProperty.com Malaysia, the number one property website in the country, hit an all-time high in traffic with over 750,000 property hunters visiting its property website last month. When compared with January last year, the website saw a 100 per cent jump in unique visitors, a 57 per cent increase in page-views and an 84 per cent increase in visits. In a statement Tuesday, the company attributed the growth to iProperty.com Malaysia's recent acquisition of ThinkProperty.com.my, the launch of the brand's local vertical property websites, PropertyGuru.com.my and Home-Guru.com. This also include the release of innovative products such as the iPhone and iPad real estate search applications and its network of distribution partners. iProperty.com Malaysia continued to be the favorite channel for real estate agents to advertise their properties. Between January 2010 and January 2011, over 2,200 new real estate agents signed with the iProperty.com bringing the total to over 5,300 paying agent subscribers, a 74 per cent growth, since last year. "Our performance in January 2011 not only marks the beginning of a great year, it is also a testament of our commitment to our customers and consumers. "We have great plans for this year as we work to continuously deliver innovative products, great service and unrivaled property hunting experience. I am confident we will continue to break even more records this year," said Country Manager Timothy Hor. Source http://www.bernama.com/bernama/v5/newsbusiness.php?id=565409 what does it mean? means a lot of people now go for secondary market instead of new launch as new launch is more expensive nowadays... so if you plan to buy good subsales property, then act fast before grasp by others. This post has been edited by GlobalKL: Feb 24 2011, 06:48 AM |
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Feb 24 2011, 08:46 AM
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Junior Member
108 posts Joined: Aug 2006
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QUOTE(GlobalKL @ Feb 24 2011, 06:46 AM) what does it mean? means a lot of people now go for secondary market instead of new launch as new launch is more expensive nowadays... so if you plan to buy good subsales property, then act fast before grasp by others. New launches are not going to be cheap anymore like 2-3 years ago. |
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Feb 24 2011, 09:18 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(whycare @ Feb 24 2011, 09:46 AM) According to contractors, developers, agents, worldwide raw material price such as concrete, steel, materials, labour are all going up. There's not going to drop anytime soon. as i said earlier, whose by in current is who going to marrige soon and these ppl is force to buy, seem no many choice... but, they will getting into financial trouble, by too many expenses,, furniture, marrige expenses, insurance, car loan, petrol, food..., if got children, then again repeat insurance, food, education,..... blah blah......New launches are not going to be cheap anymore like 2-3 years ago. failure in stock market investment may take 2-5 years to recover, but failure in prop investment/or own-stay will take life-time to pay back.  |
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Feb 24 2011, 09:20 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(GlobalKL @ Feb 24 2011, 06:46 AM) what does it mean? means a lot of people now go for secondary market instead of new launch as new launch is more expensive nowadays... for me it simply means more people are interested in property, whether to invest or own stay. so if you plan to buy good subsales property, then act fast before grasp by others. whether they are interested in sub-sales, i'm not sure. but they are definitely checking out the market price (okay...at least the asking price) in the area they are interested. however to some degree, i do agree with you. i personally find sub-sale market is much more attractive compare to 3 years back. perhaps in the coming years people are not going to be so crazy about snapping up new launches. sub sales will again gain popularity. the increase of new launches might not be sky rocket in the fast rate as previous 2 years |
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Feb 24 2011, 09:58 AM
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Junior Member
59 posts Joined: Oct 2005
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QUOTE(whycare @ Feb 24 2011, 08:46 AM) According to contractors, developers, agents, worldwide raw material price such as concrete, steel, materials, labour are all going up. There's not going to drop anytime soon. And u listening to them ? Good for u then ... New launches are not going to be cheap anymore like 2-3 years ago. |
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Feb 24 2011, 10:00 AM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(cherroy @ Feb 23 2011, 03:52 PM) » Click to show Spoiler - click again to hide... « This post has been edited by TheDoer: Feb 24 2011, 10:01 AM |
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Feb 24 2011, 10:20 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(whiterival @ Feb 23 2011, 10:51 PM) I heard that property in the range of 500k-800k will continue to march on and if the BUBLE breaks, it wouldn't be affected that much... coz many stil can afford it... unlike the higher ends one (800k and above)... wa bro.. u're good eh.. 500k-800k can affordhaih.. my maximum is 350k.. very hard for me to fork out more than 1.8k a month.. unless i hide in my room and dun go anywhere.. :'( i'm lucky using my parent's car.. if i need to get a new car and do installment.. then i can change from getting a condo to get a flat liao i agreed with whycare stating that most of malaysian are just earning 3k~4k.. Added on February 24, 2011, 10:25 am QUOTE(whycare @ Feb 24 2011, 08:46 AM) According to contractors, developers, agents, worldwide raw material price such as concrete, steel, materials, labour are all going up. There's not going to drop anytime soon. dun believe in raw material too much..New launches are not going to be cheap anymore like 2-3 years ago. same house.. same material.. u can compare between house in melaka and pj.. it differ alot ! i know that the tanah is more expensive.. but then wont be that expensive until.. house in melaka 200~300k and hosue in pj 500k~600k or maybe the tanah in pj is reli that expensive.. then.. my statement kenot use edi.. but they all kept saying raw material increase.. does it reli increase that much ?? Added on February 24, 2011, 10:27 am QUOTE(sampool @ Feb 24 2011, 09:18 AM) as i said earlier, whose by in current is who going to marrige soon and these ppl is force to buy, seem no many choice... but, they will getting into financial trouble, by too many expenses,, furniture, marrige expenses, insurance, car loan, petrol, food..., if got children, then again repeat insurance, food, education,..... blah blah...... agreed failure in stock market investment may take 2-5 years to recover, but failure in prop investment/or own-stay will take life-time to pay back. buy wrong properties.. till ownself kenot pay back.. it will make u to become a slave for bank whole life QUOTE(GlobalKL @ Feb 24 2011, 06:46 AM) so if you plan to buy good subsales property, then act fast before grasp by others. visitor sure increase.. even most of the time I check on the properties of subsale.. but can oni see.. kenot buy..is it reli that much people buying ? hehe.. any statistic that purchasing going for the last 3 months ? This post has been edited by CKHong: Feb 24 2011, 10:34 AM |
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Feb 24 2011, 10:44 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(CKHong @ Feb 24 2011, 10:20 AM) wa bro.. u're good eh.. 500k-800k can afford i also "change my life style"haih.. my maximum is 350k.. very hard for me to fork out more than 1.8k a month.. unless i hide in my room and dun go anywhere.. :'( i'm lucky using my parent's car.. if i need to get a new car and do installment.. then i can change from getting a condo to get a flat liao i agreed with whycare stating that most of malaysian are just earning 3k~4k.. last time i pick 3 difference dishes when eat mix rice now i pick maximum 2 last time i got drink leong cha or milo during lunch now i order plain water, or sometime no order at all last time i go movies maybe twice a month now i watch movies copy from my friend life is still err "happy" but still very hard to but property maybe i shud consider et my 2nd part time also... |
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Feb 24 2011, 10:48 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(chubbyken @ Feb 24 2011, 11:44 AM) i also "change my life style" so save last time i pick 3 difference dishes when eat mix rice now i pick maximum 2 last time i got drink leong cha or milo during lunch now i order plain water, or sometime no order at all last time i go movies maybe twice a month now i watch movies copy from my friend life is still err "happy" but still very hard to but property maybe i shud consider et my 2nd part time also...  good good... dun be over spend, like buying prop.... who know one day can earn a Altis for FREE... This post has been edited by sampool: Feb 24 2011, 10:52 AM |
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Feb 24 2011, 10:59 AM
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Senior Member
618 posts Joined: Apr 2009
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hahaha.. i like the altis story.
but in order to wait till price drop and get a free altis, u still have to either stay with ur parents or rent a room or hse. cost will still incure, excepts parents hse la. but what if young couple who just married. they want to have their own life and hse... like me.. so no choice, still need to but and forgo altis. hehehe buying a hse is the most expensive thing that most of us can buy... so choose the right hse, with right location and price... |
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Feb 24 2011, 11:15 AM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(whiterival @ Feb 23 2011, 10:51 PM) I heard that property in the range of 500k-800k will continue to march on and if the BUBLE breaks, it wouldn't be affected that much... coz many stil can afford it... unlike the higher ends one (800k and above)... this is actuali not a wrong statement. not because people like to pay higher now for same house.but becos a 300k home is now 500k, 500k becomes 800k. unless one is ready to downgrade, accept has to live in smaller less nice house, one will try very hard to find the $. what may happen is this: - fully dig up epf and other savings - borrow more - borrow longer period - get help from parents - buy with 2 incomes, i.e. working spouse or fiancee of course there is a limit to it, which also explains the part where >1mil homes should see less buyers now |
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Feb 24 2011, 11:17 AM
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Senior Member
618 posts Joined: Apr 2009
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no matter what price range also, the bubble break will not affect much.
for eg, if the owner are able to pay for the loan, he wont sell the hse.... it is only when those investor are not able to sustain the loan, then they will wish to sell even at a lower price... |
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Feb 24 2011, 11:17 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(jusco1 @ Feb 24 2011, 10:59 AM) hahaha.. i like the altis story. for me.. renting is still better and affordable..but in order to wait till price drop and get a free altis, u still have to either stay with ur parents or rent a room or hse. cost will still incure, excepts parents hse la. but what if young couple who just married. they want to have their own life and hse... like me.. so no choice, still need to but and forgo altis. hehehe buying a hse is the most expensive thing that most of us can buy... so choose the right hse, with right location and price... 350k house pay 10%, bank loan = 320k .. BLR 6.3-2.4(so far i checked someone said can get 2.4) = 3.9% 320k * 3.9% = 12480 > bank charge u 12480/12 = 1040 i rent room 400++ like tat nie.. so still better than get a house now.. |
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Feb 24 2011, 11:19 AM
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Senior Member
618 posts Joined: Apr 2009
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it is always cheaper to rent than buy.
but for how long u wish to rent? 5 yrs, 10 yrs.. or till retire... u still need a home of ur own.... right? u can get a hse of RM150k.. cheaper condo... paying only RM800... double ur rent.. but is ur hse in 20 or 30 yrs. and u can get capital appreciation. |
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Feb 24 2011, 11:27 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(jusco1 @ Feb 24 2011, 11:19 AM) it is always cheaper to rent than buy. haha.. wont be renting the whole lifebut for how long u wish to rent? 5 yrs, 10 yrs.. or till retire... u still need a home of ur own.... right? u can get a hse of RM150k.. cheaper condo... paying only RM800... double ur rent.. but is ur hse in 20 or 30 yrs. and u can get capital appreciation. but at least wait till my salary can support a house first thats why now working hard lur.. duwan make myself bankrupt by too rush getting a house with such a high price now.. wait for bubble ma now.. cus the place i aim is now 400k++ if bubble not coming and the price is too high.. then i lower my expectation lo.. go for cheaper condo/flat where i can afford This post has been edited by CKHong: Feb 24 2011, 11:31 AM |
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Feb 24 2011, 11:31 AM
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Junior Member
171 posts Joined: Dec 2010
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hit an all-time high in traffic with over 750,000 property hunters visiting its property website last month.
Not too sure how they came out with the number? counting hits? if yes i think i contributed many many hits to the website, check out properties at different price range, different location everyday at least 2 times. If a search is counted as 1 hit, or if from one page to another also counted, than definetely >100 hits a day by me alone no choice, monitor prices so must work hard This post has been edited by godutch: Feb 24 2011, 11:33 AM |
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Feb 24 2011, 11:35 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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hahaha.. tats why we need the number where successfull buy off properties instead of visiting number to the site..
whole village also visit the site la.. monitoring got bubble o not mah ! hahaha.. some place i saw the price higher.. some place cheaper ~ so also hard to see whether bubble already o not.. |
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Feb 24 2011, 11:42 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(godutch @ Feb 24 2011, 11:31 AM) hit an all-time high in traffic with over 750,000 property hunters visiting its property website last month. today's technology is definitely smarter than counting hits. one of the products i've seen actually hook and collect data at the ISP level to get the user details. but only really big guys in the industry can afford this solution to get the statistic. not for layman like us Not too sure how they came out with the number? counting hits? if yes i think i contributed many many hits to the website, check out properties at different price range, different location everyday at least 2 times. If a search is counted as 1 hit, or if from one page to another also counted, than definetely >100 hits a day by me alone no choice, monitor prices so must work hard |
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Feb 24 2011, 11:42 AM
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Junior Member
171 posts Joined: Dec 2010
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QUOTE(AVFAN @ Feb 24 2011, 11:15 AM) this is actuali not a wrong statement. not because people like to pay higher now for same house. Agree!!!but becos a 300k home is now 500k, 500k becomes 800k. unless one is ready to downgrade, accept has to live in smaller less nice house, one will try very hard to find the $. what may happen is this: - fully dig up epf and other savings - borrow more - borrow longer period - get help from parents - buy with 2 incomes, i.e. working spouse or fiancee of course there is a limit to it, which also explains the part where >1mil homes should see less buyers now too many average people jumped into the game over the past two years and i suspect not many have holding power that's why have been avoiding overpriced properties although some i really like. but i think for any category (be it 350K-500K or 500-800K) there would be people with and without holding power. For example a condo (not very prime location but interested to buy coz nearer to my family) asking for (RM425K) about 80K higher than bank value. When i went to view that condo in Oct 2010, agent said best best best also can get RM420K only, and it was tenanted until last month (jan 2010). I just gave up and then what happened, last 2 weeks i saw asking for RM400K already, but am still waiting. I think the seller starts to feel the pain of having no rental income to help him pay the bank\maintenance fees etc, now everything comes out from his pocket. with Oil prices now what USD95??? petrol will be increase again for sure I think many others are cought in the same situation as well (difficutl to get good rentals (if any). But again, those who are in the "same boat" with me (genuine buyer looking for our home sweet home), i believe we will be able to get a desirable place at reasonable price , just continue do to our search la This post has been edited by godutch: Feb 24 2011, 11:48 AM |
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Feb 24 2011, 11:48 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(godutch @ Feb 24 2011, 11:42 AM) Agree!!! glad to hear that..too many average people jumped into the game over the past two years and i suspect not many have holding power that's why have been avoiding overpriced properties although some i really like. but i think for any category (be it 350K-500K or 500-800K) there would be people with and without holding power. For example a condo (not very prime location but interested to buy coz nearer to my family) asking for (RM425K) about 80K higher than bank value. When i went to view that condo in Oct 2010, agent said best best best also can get RM420K only, and it was tenanted until last month (jan 2010). I just gave up and then what happened, last 2 weeks i saw asking for RM400K already, but am still waiting. I think the seller starts to feel the pain of having no rental income to help him pay the bank\maintenance fees etc, now everything comes out from his pocket. with Oil prices now what USD95??? petrol will be increase again for sure I think many others are cought in the same situation as well (difficutl to get good rentals (if any). But again, those who are also in the "same boat", i believe we will be able to get a desirable place at reasonable price , just continue do to our search la the place i'm aiming.. if can get 350k or around there.. i will hop in liao ! go go bubble ! |
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Feb 24 2011, 11:51 AM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(CKHong @ Feb 24 2011, 10:20 AM) dun believe in raw material too much.. yeah, I agree with you, it's like sugar went up 10 sens, and mamak increases their teh tarik by 10 sens. same house.. same material.. u can compare between house in melaka and pj.. it differ alot ! i know that the tanah is more expensive.. but then wont be that expensive until.. house in melaka 200~300k and hosue in pj 500k~600k or maybe the tanah in pj is reli that expensive.. then.. my statement kenot use edi.. but they all kept saying raw material increase.. does it reli increase that much ?? Anyway, it wasn't the material that people were interested in, it was the deed all the while. Even if it is an abandon property where the house has deteriorated the price is still high. Speculators should just speculate on deeds of land that may or may not exist. it works the same way, without wasting materials. By the way, I'm actually complaining about the malaccan market here. The prices are rising too. In Melaka, only if you work in an established international company can a the common exec get >3K. The rest are struggling with >2K. (3K if you've reached assistant manager, or supervisory level) And if you're fresh, do expect less than 2K. Houses constructed are now aimed at medium high, costing >RM2.5, and after release and sold out going to 300K~400K. For someone who needs to think longer to purchase a house that you'll be paying back a lifetime, I'm sorry but you'll have to buy them off indiscriminate speculators. You're right, it all has to do with the land and not the material costs. |
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Feb 24 2011, 11:56 AM
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Junior Member
171 posts Joined: Dec 2010
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QUOTE(TheDoer @ Feb 24 2011, 11:51 AM) yeah, I agree with you, it's like sugar went up 10 sens, and mamak increases their teh tarik by 10 sens. Agreed, don't believe too much in rising material cost etc, just excuses used by developers to jack up prices. look at the inventory levels of steel companies, piling up due to lack of demand Anyway, it wasn't the material that people were interested in, it was the deed all the while. Even if it is an abandon property where the house has deteriorated the price is still high. Speculators should just speculate on deeds of land that may or may not exist. it works the same way, without wasting materials. By the way, I'm actually complaining about the malaccan market here. The prices are rising too. In Melaka, only if you work in an established international company can a the common exec get >3K. The rest are struggling with >2K. (3K if you've reached assistant manager, or supervisory level) And if you're fresh, do expect less than 2K. Houses constructed are now aimed at medium high, costing >RM2.5, and after release and sold out going to 300K~400K. For someone who needs to think longer to purchase a house that you'll be paying back a lifetime, I'm sorry but you'll have to buy them off indiscriminate speculators. You're right, it all has to do with the land and not the material costs. ... the developers (especially the big ones) definitely got an upper hand but in the end, if the seller got holding power and die die also wanna sell at ridiculously high price, just let go and look for other properties if most of the buyers are rationale then sellers will have no choice but forced to be more reasonable also This post has been edited by godutch: Feb 24 2011, 11:57 AM |
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Feb 24 2011, 12:01 PM
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Senior Member
618 posts Joined: Apr 2009
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hhmm.. price will goes up.
income will remain... there are ppl buying for own stay.. while others are trying to gain profit from it. so choose ur hse as it is one of ur investment tool. as no point getting a hse u like but price keep dropping every year... |
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Feb 24 2011, 12:01 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(godutch @ Feb 24 2011, 11:42 AM) But again, those who are in the "same boat" with me (genuine buyer looking for our home sweet home), i believe we will be able to get a desirable place at reasonable price I'm with you on that... jia yo everybody. , just continue do to our search la |
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Feb 24 2011, 12:02 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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hehe.. the power of consumer ~
its like bank eat speculator.. speculator eat consumer.. see who can tahan longer.. if speculator won.. then bank eat consumer wa wa got a good news.. the 2nd favorite of mine.. always see also 380k and above... now i saw got one at iproperty 330k.. with same square feet ! [maybe condition rosak here and there.. who knows? ] but there's still around 8 properties is 380k ! good news heh ! This post has been edited by CKHong: Feb 24 2011, 12:04 PM |
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Feb 24 2011, 12:20 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(CKHong @ Feb 24 2011, 01:02 PM) hehe.. the power of consumer ~ if the speculator think the hse 380k is cheap, then they can use RM30million to sapu all the 8 units.. ha ha... if it burst, it may may 3-4 years to recover.....its like bank eat speculator.. speculator eat consumer.. see who can tahan longer.. if speculator won.. then bank eat consumer wa wa got a good news.. the 2nd favorite of mine.. always see also 380k and above... now i saw got one at iproperty 330k.. with same square feet ! [maybe condition rosak here and there.. who knows? ] but there's still around 8 properties is 380k ! good news heh ! |
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Feb 24 2011, 12:25 PM
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Junior Member
78 posts Joined: Feb 2010
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supply is important regardless of speculators
the more units build and launched means excess capacity .. and when the excess capacity is able to cover speculators and demand .. bubble will burst .. condo is heading there unless more turkey people is buying here bijan is smart to open up to that region ... haizzzzzz |
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Feb 24 2011, 12:38 PM
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Senior Member
618 posts Joined: Apr 2009
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if u can wait, then wait lor...
if can't, then buy lor.. hehee |
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Feb 24 2011, 01:00 PM
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Junior Member
171 posts Joined: Dec 2010
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QUOTE(CKHong @ Feb 24 2011, 12:02 PM) hehe.. the power of consumer ~ Glad to hear that its like bank eat speculator.. speculator eat consumer.. see who can tahan longer.. if speculator won.. then bank eat consumer wa wa got a good news.. the 2nd favorite of mine.. always see also 380k and above... now i saw got one at iproperty 330k.. with same square feet ! [maybe condition rosak here and there.. who knows? ] but there's still around 8 properties is 380k ! good news heh ! happy for you just monitor closely. sometimes it is good to get a condition not so good one at cheap cheap price then renovate the way you like you home to be Added on February 24, 2011, 1:04 pm QUOTE(ivanachang @ Feb 24 2011, 12:25 PM) supply is important regardless of speculators developers will have to keep launching, otherwise less future revenue flowing in, profits will start to decline as existing projects going into tail end (construction period < 3 years) then share price drop the more units build and launched means excess capacity .. and when the excess capacity is able to cover speculators and demand .. bubble will burst .. condo is heading there unless more turkey people is buying here bijan is smart to open up to that region ... haizzzzzz This post has been edited by godutch: Feb 24 2011, 01:04 PM |
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Feb 24 2011, 04:08 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(jusco1 @ Feb 24 2011, 11:19 AM) it is always cheaper to rent than buy. This I partly disagree.but for how long u wish to rent? 5 yrs, 10 yrs.. or till retire... u still need a home of ur own.... right? u can get a hse of RM150k.. cheaper condo... paying only RM800... double ur rent.. but is ur hse in 20 or 30 yrs. and u can get capital appreciation. Home doesn't mean you must own it. Some may rent for 10 years or 20 years, which is their home as well. I live in a same house since born until mid 20's, and this is a rented house since start, which I call it home. |
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Feb 24 2011, 04:20 PM
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Senior Member
618 posts Joined: Apr 2009
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hhmm... different point of view for home.
i prefer to own my own home. as u might face problem of landlord chasing u out... it is very great of u to live in a rented place for so long.. very hard to find. hehehehehe.... if the money used to rent for 20 yrs can be transfer to paying installment for the hse. u might actually own the hse at the end of the day. |
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Feb 24 2011, 05:53 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(CKHong @ Feb 24 2011, 12:02 PM) hehe.. the power of consumer ~ I doubt you can get 350K, many iproperty listings are not up-to-date, I did found some 1-2 yr old advertisement are still there, dun look at the posting date, it might not accurate as iproperty operator will renew those old listing every 2-3 mths, so better cal up the agent to verify..its like bank eat speculator.. speculator eat consumer.. see who can tahan longer.. if speculator won.. then bank eat consumer wa wa got a good news.. the 2nd favorite of mine.. always see also 380k and above... now i saw got one at iproperty 330k.. with same square feet ! [maybe condition rosak here and there.. who knows? ] but there's still around 8 properties is 380k ! good news heh ! |
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Feb 24 2011, 06:27 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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ohh.. duwan waste the agent time.. cus i'm not buying now.. need more saving..
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Feb 25 2011, 12:00 AM
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Junior Member
13 posts Joined: Dec 2010
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My aunt bought a terrace in KV @~RM350K a couple of yrs back- yet to get the key, hasn't started serving the loan installment (developer's offered 0% during construction) BUT recently kena "buzz" by so many agents, asking her interest to sell the hse @~RM550K. Wow! price goreng to that extent. Agents are so aggressive coz can make good $$ thru the commission earned
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Feb 25 2011, 01:24 AM
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Junior Member
78 posts Joined: Feb 2010
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QUOTE(UFO-ET @ Feb 24 2011, 05:53 PM) I doubt you can get 350K, many iproperty listings are not up-to-date, I did found some 1-2 yr old advertisement are still there, dun look at the posting date, it might not accurate as iproperty operator will renew those old listing every 2-3 mths, so better cal up the agent to verify.. i only see those posted in a month's time ... and quite consistent with the star classified ... |
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Feb 25 2011, 09:20 AM
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Senior Member
618 posts Joined: Apr 2009
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350k to 550?
57% increase in price.... no wonder so many ppl are still buying new project and flip... |
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Feb 25 2011, 09:33 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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now hardly can flip.. new release already so expensive..
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Feb 25 2011, 09:57 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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dont worry, developers will make sure the new launches in future will be even more expensive
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Feb 25 2011, 09:58 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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THE HARD FACT! (a personal view on the real estate)
this has always been divided between 2 camps. one wishing it will come down, the other hoping it will go up. both can argue till the end of time and there still would be no winner. my take on all this is simple. let's do an exercise. instead of focusing on actual events of which prices goes up or down in future, let's do a visioning of what we would like to experience. a)some people wishes property prices will come down. what does this means. look at country that are experiencing these phenomena. those are the ones that are extremely affected by financial crisis. unemployment soaring to double digit percentage. prices at a fraction of the original purchase value. do you really one this to happen? when this happens, it could spiral and lead to so many other events. desperate people calls for desperate measures. i believe everyone will do the same when they are push to the extreme boundaries. so think hard, the 500k property that you are eyeing. would you like to see it dropping to say 400k? 300k? 200k? when this really happens, think hard, when it DOES happens, would you really be happy about it? compared our property prices and other prices if you will against our neighbouring countries. we were better than most of them say 20 years ago. fast forward to now, while we are screaming crazy property prices, look at our neighbours. vietnam, thailand, singapore have all passed us in the property race. indonesia is only slightly behind taking their jakarta benchmark. so now, do you still want property prices to go down or even remain stagnant for years to come? do we want to position ourselves that Malaysia, the country with one of the cheapest property prices in the world, tag? b) some people wishes property prices will go up. what does this means. as most countries are charging ahead in leaps and bounds for their own economy, automatically these countries experiences hike in salary, property prices, better infrastructure, better living, etc. all this encourages and progresses the nation. of course, these are only sustainable if the nation shows true progress. artificial escalation of prices is by no means sustainable. but beware of prices going too far out of reach for the mass public, it might backfired and caused some political unrest. conclusion (again reminder that this is all IMHO), one should not be too focused on prices going up or down. one should at all times aspire to increase their own income. i end my note by saying this: if one can still buy a decent size property (say 1000 sq ft condo) at a decent location (say within golden triangle) with say rm300k, would you be proud of your country still. and if your answer is yes, can you name me another country in which the prices is lower than my assumptions and have the attraction to draw you there? and if your answer is still yes, i strongly suggest you migrate there to avoid the headache of more increase in property prices. PS: +1 is most welcomed although not compulsory. |
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Feb 25 2011, 10:20 AM
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Senior Member
1,853 posts Joined: Oct 2009
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As for the property prices comparing with other nations. Just because our property prices are cheaper, doesn't mean that we are lacking behind other countries. In the end it's about the standard of living of the citizens that matter most.
Imagine if property prices were worth millions, and we are living in high rise buildings like singapore, hongkong or taiwan, and the locals are simply renting from the foreigners, because we can't afford to buy these houses ourselves. People are working 2 or 3 jobs, and the suicide rate has increased. What good is it really? Property price drop, does not mean that our economy drop. I don't think so. Most things will continue as it is, except that speculators will have less networth on paper. This post has been edited by TheDoer: Feb 25 2011, 10:23 AM |
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Feb 25 2011, 10:23 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(kochin @ Feb 25 2011, 09:58 AM) THE HARD FACT! (a personal view on the real estate) i dun want to be a bank slave this has always been divided between 2 camps. one wishing it will come down, the other hoping it will go up. both can argue till the end of time and there still would be no winner. my take on all this is simple. let's do an exercise. instead of focusing on actual events of which prices goes up or down in future, let's do a visioning of what we would like to experience. a)some people wishes property prices will come down. what does this means. look at country that are experiencing these phenomena. those are the ones that are extremely affected by financial crisis. unemployment soaring to double digit percentage. prices at a fraction of the original purchase value. do you really one this to happen? when this happens, it could spiral and lead to so many other events. desperate people calls for desperate measures. i believe everyone will do the same when they are push to the extreme boundaries. so think hard, the 500k property that you are eyeing. would you like to see it dropping to say 400k? 300k? 200k? when this really happens, think hard, when it DOES happens, would you really be happy about it? compared our property prices and other prices if you will against our neighbouring countries. we were better than most of them say 20 years ago. fast forward to now, while we are screaming crazy property prices, look at our neighbours. vietnam, thailand, singapore have all passed us in the property race. indonesia is only slightly behind taking their jakarta benchmark. so now, do you still want property prices to go down or even remain stagnant for years to come? do we want to position ourselves that Malaysia, the country with one of the cheapest property prices in the world, tag? b) some people wishes property prices will go up. what does this means. as most countries are charging ahead in leaps and bounds for their own economy, automatically these countries experiences hike in salary, property prices, better infrastructure, better living, etc. all this encourages and progresses the nation. of course, these are only sustainable if the nation shows true progress. artificial escalation of prices is by no means sustainable. but beware of prices going too far out of reach for the mass public, it might backfired and caused some political unrest. conclusion (again reminder that this is all IMHO), one should not be too focused on prices going up or down. one should at all times aspire to increase their own income. i end my note by saying this: if one can still buy a decent size property (say 1000 sq ft condo) at a decent location (say within golden triangle) with say rm300k, would you be proud of your country still. and if your answer is yes, can you name me another country in which the prices is lower than my assumptions and have the attraction to draw you there? and if your answer is still yes, i strongly suggest you migrate there to avoid the headache of more increase in property prices. PS: +1 is most welcomed although not compulsory. everyday eat maggiif our gomen can make us high income.. i dun even care the property 500k and above.. Added on February 25, 2011, 10:26 am QUOTE(TheDoer @ Feb 25 2011, 10:20 AM) As for the property prices comparing with other nations. Just because our property prices are cheaper, doesn't mean that we are lacking behind other countries. In the end it's about the standard of living of the citizens that matter most. kochin > i would prefer +1 here Imagine if property prices were worth millions, and we are living in high rise buildings like singapore, hongkong or taiwan, and the locals are simply renting from the foreigners, because we can't afford to buy these houses ourselves. People are working 2 or 3 jobs, and the suicide rate has increased. What good is it really? Property price drop, does not mean that our economy drop. I don't think so. Most things will continue as it is, except that speculators will have less networth on paper. prop price too high.. more stress.. kepala pecah thinking how to pay for the bank repayment.. suicide rate increase.. please be real.. can most of malaysian afford to buy a property with monthly repayment that high ?? from your point of view.. u're in the " some people wishes property prices will go up " am i rite ? This post has been edited by CKHong: Feb 25 2011, 10:41 AM |
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Feb 25 2011, 03:52 PM
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Senior Member
2,442 posts Joined: Jan 2009
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QUOTE(kochin @ Feb 25 2011, 09:58 AM) PS: +1 is most welcomed although not compulsory. |
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Feb 25 2011, 04:44 PM
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Junior Member
301 posts Joined: Oct 2004
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QUOTE(CKHong @ Feb 25 2011, 10:23 AM) i dun want to be a bank slave Some of loan packages only adjust repayment tenure when the interest rate increase/decrease and they dont adjust repayment amount. they only adjust when borrower default the installment. everyday eat maggiif our gomen can make us high income.. i dun even care the property 500k and above.. Added on February 25, 2011, 10:26 am kochin > i would prefer +1 here prop price too high.. more stress.. kepala pecah thinking how to pay for the bank repayment.. suicide rate increase.. please be real.. can most of malaysian afford to buy a property with monthly repayment that high ?? from your point of view.. u're in the " some people wishes property prices will go up " am i rite ? sometime the interest rate increase during crisis , year 98 for example when the interest rate was 9%. even you could get right property at cheaper price, but the interest rate would it not worth buying choosing a right property with right loan packages is also very important. my neighbor who bought the house 30k cheaper than mine but cost of ownership is the same after taking the loan interest into account. his loan is blr + xx while mine is blr - xx. |
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Feb 25 2011, 05:11 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(alfred liew @ Feb 25 2011, 04:44 PM) Some of loan packages only adjust repayment tenure when the interest rate increase/decrease and they dont adjust repayment amount. they only adjust when borrower default the installment. after the lock in period.. we can refinance rite?sometime the interest rate increase during crisis , year 98 for example when the interest rate was 9%. even you could get right property at cheaper price, but the interest rate would it not worth buying choosing a right property with right loan packages is also very important. my neighbor who bought the house 30k cheaper than mine but cost of ownership is the same after taking the loan interest into account. his loan is blr + xx while mine is blr - xx. even b4 lock in period.. we do refinance.. also won't cost tat much rite.. how much will it cost ah ?? anyone ?? I dun think blr + xx will keep on continue for more than 2~3 years.. unless the end of the world coming la.. I never do research on the history on how long the crisis will last.. maybe someone who know can share.. buy now 450k buy later 350k > 100k diff how i count.. also still untung .. if buy later.. oh yeah.. can u kind enuff to tell ur neighbour to do refinance ? cus if his one still blr + xx.. he rugi besar eh.. even if pay the penalty to do refinance before lockin period.. he also untung rite if he change to blr - xx neighbour ma.. help help them.. unless they everyday kacau u and ur family and buat bising la.. then nvm.. let them die This post has been edited by CKHong: Feb 25 2011, 05:14 PM |
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Feb 25 2011, 05:21 PM
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Senior Member
820 posts Joined: Jan 2003
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Everyone,
If you are waiting for the price to drop, and at the same time afraid that it may go up some more, best if you buy something which generates good rental yields and easy to rent out as investment, that way, you are safe whatever happens...Also, buy something relatively undervalued, and you should be safe even in a crisis...short of a nuke exploding in KL, but in that case, all bets are off anyway... |
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Feb 25 2011, 05:57 PM
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Senior Member
663 posts Joined: Oct 2008
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Don't be too happy even as owners where property inflated 60-70% Don't be too happy too if property bubble burst as per your hope and dream.
Things are boiling hot in the Middle East while everyone focusing on Euro and US. Just hope and pray hard that the small flames wouldn't spread to Saudi oil field. If so, be prepared that oil may hit usd200-300 as in the 70' oil crisis. If that were to happen, touch wood not, everyone be it landlords or tenants all also kena. You be glad if you can keep you job and have roof overhead. |
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Feb 25 2011, 09:48 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(Bobby C @ Feb 25 2011, 05:57 PM) Don't be too happy even as owners where property inflated 60-70% Don't be too happy too if property bubble burst as per your hope and dream. Yup, this is always I keep on mentioning.Things are boiling hot in the Middle East while everyone focusing on Euro and US. Just hope and pray hard that the small flames wouldn't spread to Saudi oil field. If so, be prepared that oil may hit usd200-300 as in the 70' oil crisis. If that were to happen, touch wood not, everyone be it landlords or tenants all also kena. You be glad if you can keep you job and have roof overhead. You don't hope bubble continue non-stop, as well as properties price plunge like no tomorrow. Both got negative effect. |
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Feb 25 2011, 09:55 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(CKHong @ Feb 25 2011, 05:11 PM) after the lock in period.. we can refinance rite? You never can predict anything.even b4 lock in period.. we do refinance.. also won't cost tat much rite.. how much will it cost ah ?? anyone ?? I dun think blr + xx will keep on continue for more than 2~3 years.. unless the end of the world coming la.. I never do research on the history on how long the crisis will last.. maybe someone who know can share.. buy now 450k buy later 350k > 100k diff how i count.. also still untung .. if buy later.. Each crisis come with different "package" and condition. Crisis? What crisis? 2008 financial freeze no longer is there already after Fed QE of 1.x trillion being pumped to market. Now we are facing inflation problem instead of crisis. No, it is a wrong mindset to say you "untung" 100K with 350K, wrong concept. You never "untung" anything. You just paid less. |
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Feb 26 2011, 02:40 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(cherroy @ Feb 25 2011, 09:55 PM) You never can predict anything. hmm... ok.. duwan say untung.. pay less 100k thenEach crisis come with different "package" and condition. Crisis? What crisis? 2008 financial freeze no longer is there already after Fed QE of 1.x trillion being pumped to market. Now we are facing inflation problem instead of crisis. No, it is a wrong mindset to say you "untung" 100K with 350K, wrong concept. You never "untung" anything. You just paid less. for the long run.. 100k is a lot to me.. 100k * BLR - 2.2 = 100k * 4.2 = 4200 annually kena charge.. so i pay less 300++ each month.. plus pay less 100k This post has been edited by CKHong: Feb 26 2011, 02:41 AM |
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Feb 26 2011, 07:03 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(cherroy @ Feb 25 2011, 09:55 PM) You never can predict anything. If price drop further to 250K after bought 350K, then rugi 100K lah, he..he Each crisis come with different "package" and condition. Crisis? What crisis? 2008 financial freeze no longer is there already after Fed QE of 1.x trillion being pumped to market. Now we are facing inflation problem instead of crisis. No, it is a wrong mindset to say you "untung" 100K with 350K, wrong concept. You never "untung" anything. You just paid less. |
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Feb 27 2011, 10:24 AM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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good news & bad news bad news is when lots of moolah floating around, it means inflation goes higher, to kill it, theoretically interest rate need to increase good news is buffet said in his annual letter to Berkshire Hathaway shareholders Saturday that he still believes America's best days are ahead http://www.thestar.com.my/news/story.asp?f...415&sec=apworld the market & property prices has been up for about 2 years & buffet says "We're prepared," Buffett wrote. "Our elephant gun has been reloaded, and my trigger finger is itchy." means those who r still in waiting camp is gonna hav to extend their waiting time further, once the elephants utilise their funds which is sitting in fd, u guys need to write to him & tell him to stay negative. dun care wat is happenning to the world. most vip is u mus get affordable property » Click to show Spoiler - click again to hide... «
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Feb 27 2011, 11:13 AM
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Senior Member
6,747 posts Joined: Sep 2010
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Any idea what is co-relation between oil price and property price? Looks like oil price up, inflation rate for general goods sure up, how bout real estate? Anyone can answer pls
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Feb 27 2011, 11:26 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(UFO-ET @ Feb 26 2011, 08:03 PM) If price drop further to 250K after bought 350K, then rugi 100K lah, he..he that is the trick how some ppl can own altis for FREE...... http://www.chinapress.com.my/topic/busines...7atopic06ee.txt This post has been edited by sampool: Feb 27 2011, 11:26 AM |
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Feb 27 2011, 01:33 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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talk abt co-relation between oil price and property price oso no use. u guys will say macroeconomic & political does not affect ur mindset
in layman terms, most manufacturing & production co uses oil to convert raw material to finished goods... izit? the last time oil crisis jack up prices yr 07/08, most developers dare not increase price & absorb cost, coz economy weak tat time now tat things seems fine, its ok to recover cost & jack up prices of coz when oil come down, price won't down. it'll be use as profit & keep into reserve for the next oil/ economic crisis since co practice having savings fund, do u guys oso hav standby emergency funds? so the waiting camp, pls wait longer & put more moolah into fd, since the int rate kenot outpace inflation |
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Feb 27 2011, 01:55 PM
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Senior Member
2,068 posts Joined: Nov 2006
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problem is current high prices, not many ppl can afford with existing salary and high cost of living
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Feb 27 2011, 02:04 PM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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i would be more interested to find out why Buffett believes "America's best days are ahead" and " housing recovery will likely begin within the next year"...
(apparently i couldnt find in the article) anyone wanna make a guess? Added on February 27, 2011, 2:12 pm QUOTE(sampool @ Feb 27 2011, 11:26 AM) it's sad. is the future going to continue like this?This post has been edited by property101: Feb 27 2011, 02:14 PM |
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Feb 27 2011, 02:30 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(property101 @ Feb 27 2011, 02:04 PM) i would be more interested to find out why Buffett believes "America's best days are ahead" and " housing recovery will likely begin within the next year"... we are living in a selfish & greedy world(apparently i couldnt find in the article) anyone wanna make a guess? Added on February 27, 2011, 2:12 pm it's sad. is the future going to continue like this? sometimes I dun really understand, I know many people are complaining the rise in goods and property price, but at the same time, dun want to change their habit and life style, as what the article mentioned, many spend vacation travelling "every year", seems like a basic needs At least by savings a little bit more by not travelling and spending unnecessary items so often, I think Malaysia is still a good country to stay, above average |
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Feb 27 2011, 02:35 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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obama gonna lose yr 2012 election & his socialist policies is being dismantled, then theoretically usa can continue their capitalism policies
 wat abt all those new graduates who join the work force every year, they wil work hard to afford their own property after few years those who waiting can compete along with them, I m sure every year there is only 50 graduates per year joining the work force |
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Feb 27 2011, 06:45 PM
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Senior Member
5,488 posts Joined: Jun 2008
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QUOTE(mych @ Feb 27 2011, 01:55 PM) problem is current high prices, not many ppl can afford with existing salary and high cost of living hmmm....i think the problem will arise eventually. housing prices shooting up, not many people can afford it, however, they still need a roof above their head. so they will still rent the house or renting room. they have to pay more for rental as well. if cannot pay high rental for good environment living, they have to downgrade to flat/old apartments. |
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Feb 27 2011, 07:02 PM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(UFO-ET @ Feb 27 2011, 02:30 PM) we are living in a selfish & greedy world i think the article trying to said due to point 1, 3, 4 ; life will become very bitter. even you can self control #2, u still can not have good life as old days (your grand). so in near future (>2020?) it will end up u dun even have the choice for #2 (due to 1, 3, 4) - mean u r forced to live like your grands (no annual tour, take bicycle, no entertainment, no new clothing etc) but life is still extremely difficult, all your earning go to NECCESSITIES ONLY eg food, medical, insurance, house, education etc due to 1,3,4. you dun know how WALL STREET ppl will manipulate food, house, medical, insurance etc. maybe infuture u need to pay for water, oxygen, time etc (now is almost free). the more your income (as Najib promised) the more smarter/greed the capitalists - end up everyone suffered except the super rich/politician. (coz politician can easily hv $$ from capitalists). so in short, aim to become a politician for better future generations. (the higher rank the better eg Hosni Mubarak, Gadhafi, Ali etc ). that is why so many fights in Msia elections - our politicians are smart too. no matter how hardwork you in business /employment , all will be eaten up.. even your hard earned x props will be "swallow" by them. dun ask me how they "played up" your props, coz i m not from wall street. so better to practice to live simple life as a monk (无欲无求)，be healthy /dun sick, stay near river (for water, fish etc), haha..just joking. dun worry, be happy...cheerssometimes I dun really understand, I know many people are complaining the rise in goods and property price, but at the same time, dun want to change their habit and life style, as what the article mentioned, many spend vacation travelling "every year", seems like a basic needs At least by savings a little bit more by not travelling and spending unnecessary items so often, I think Malaysia is still a good country to stay, above average 1.全球化后遺症 2.物質誘惑多 3.虛擬貨幣泡沫化 4.金融市場發展過速 |
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Feb 27 2011, 08:10 PM
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Senior Member
2,294 posts Joined: Mar 2009
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I m more concern about the below point from the acticle... no matter u owner prop (if u hvn't marrige) or dun own any, ur next generation will be suffering directly or indirectly...
養孩子等于判坐牢 加國人對未來沒安全感，生活艱難。這樣的局面，有人指責政府，認為應該趁情況還未到達極端時，出手干預。也有人說，由于家庭負債快速上升，使市場變得非常脆弱。 一名民眾感慨地說：“從前家里只有我爸一人上班，我們一樣有房有車，吃的用的都便宜，日子過得不錯。” “可到了我們這一代，多數家庭都是雙親工作，孩子最多生兩個，日子過得緊繃，房價漲、地稅漲、大學費用漲、物價漲。” 她指出，現在總算熬出頭，可女兒結婚后不準備要孩子，兒子寧願單身也不肯結婚，說成家費用太高，養孩子等于判刑坐監獄。 http://www.chinapress.com.my/topic/busines...7atopic06ee.txt |
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Feb 27 2011, 10:12 PM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(sampool @ Feb 27 2011, 08:10 PM) I m more concern about the below point from the acticle... no matter u owner prop (if u hvn't marrige) or dun own any, ur next generation will be suffering directly or indirectly... i know a young man in his 20s, he is single, and he does agree with the above. there is another couple that i know has been dating for many years, but not able to afford to get married. 養孩子等于判坐牢 加國人對未來沒安全感，生活艱難。這樣的局面，有人指責政府，認為應該趁情況還未到達極端時，出手干預。也有人說，由于家庭負債快速上升，使市場變得非常脆弱。 一名民眾感慨地說：“從前家里只有我爸一人上班，我們一樣有房有車，吃的用的都便宜，日子過得不錯。” “可到了我們這一代，多數家庭都是雙親工作，孩子最多生兩個，日子過得緊繃，房價漲、地稅漲、大學費用漲、物價漲。” 她指出，現在總算熬出頭，可女兒結婚后不準備要孩子，兒子寧願單身也不肯結婚，說成家費用太高，養孩子等于判刑坐監獄。 http://www.chinapress.com.my/topic/busines...7atopic06ee.txt i was talking to a colleague last week, her baby got sick in the middle of night, my colleague was so concerned and brought the baby to hospital and she spent rm600 in just one single night |
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Feb 28 2011, 06:37 AM
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Junior Member
298 posts Joined: Jan 2003
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in my personal opinion, Recently properties price is jacking up very fast now within 40-50% percent from 2008 until 2011. Reasons are:
1. Flexibility towards house loan set by government (encourage people to spend while banks and developers definitely loves it) 2. High ratio of development for high class property (Developer and government need financial booster) 3. Less inflation 4. Developers and agents speculation So, i prefer to keep myself a lot of $$$$ for investment (gold,unit trust,FD) rather than spending it at property. Lets decrease demands and wait little longer. Btw oil price was estimated to jack up soon, keep saving for future oh shouldnt use saving word, to be exact invest towards other area. This post has been edited by zk9: Feb 28 2011, 06:39 AM |
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Feb 28 2011, 08:14 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(property101 @ Feb 27 2011, 11:12 PM) i know a young man in his 20s, he is single, and he does agree with the above. there is another couple that i know has been dating for many years, but not able to afford to get married. we dun talk about the few ppl, but there is 50% of the malaysian fall into that cat, esspecillly cn.i was talking to a colleague last week, her baby got sick in the middle of night, my colleague was so concerned and brought the baby to hospital and she spent rm600 in just one single night Added on February 28, 2011, 8:18 am QUOTE(zk9 @ Feb 28 2011, 07:37 AM) in my personal opinion, Recently properties price is jacking up very fast now within 40-50% percent from 2008 until 2011. Reasons are: may be richd dad prophecy and maya prophecy are true......20121. Flexibility towards house loan set by government (encourage people to spend while banks and developers definitely loves it) 2. High ratio of development for high class property (Developer and government need financial booster) 3. Less inflation 4. Developers and agents speculation So, i prefer to keep myself a lot of $$$$ for investment (gold,unit trust,FD) rather than spending it at property. Lets decrease demands and wait little longer. Btw oil price was estimated to jack up soon, keep saving for future oh shouldnt use saving word, to be exact invest towards other area. This post has been edited by sampool: Feb 28 2011, 08:18 AM |
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Feb 28 2011, 08:56 AM
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Junior Member
108 posts Joined: Jan 2011
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Today's STAR newspaper headlines - salaries for professionals from the ICT sector, accounting, banking, logistics and sales set to rise as much as 30% compared to last year. Government also proposing increase public sector wages with new pay scheme.Looks like we're already heading for high income workers who can afford more expensive houses.
This, together with inflation, rising oil prices and cost of building materials will surely push up property prices. |
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Feb 28 2011, 10:02 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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ahh.. i reli hope what stated in 'The Star' is true..
say is one thing, implement it also another thing.. |
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Feb 28 2011, 10:16 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(CKHong @ Feb 28 2011, 11:02 AM) ahh.. i reli hope what stated in 'The Star' is true.. how many will be benefit..... ???say is one thing, implement it also another thing.. |
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Feb 28 2011, 10:19 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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maybe after reviewed already.. then post here how true is that ?
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Feb 28 2011, 10:20 AM
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Senior Member
2,294 posts Joined: Mar 2009
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yeterday, the cooking oil, knife brand jump from RM14.xx to RM17.xx
This post has been edited by sampool: Feb 28 2011, 10:21 AM |
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Feb 28 2011, 10:24 AM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(baharinsav62 @ Feb 28 2011, 08:56 AM) Today's STAR newspaper headlines - salaries for professionals from the ICT sector, accounting, banking, logistics and sales set to rise as much as 30% compared to last year. Government also proposing increase public sector wages with new pay scheme.Looks like we're already heading for high income workers who can afford more expensive houses. How to believe in local newspaper's article, they are the BN arm to spread misleading news, all bullshit. Better believe in you yourself, till to-date, the gomen has no idea how to increase household income.This, together with inflation, rising oil prices and cost of building materials will surely push up property prices. the property price will be decided by open free mkt, demand and supply and the amt of speculators in the mkt, compare to other developed countries, M'sia's speculators are peanut. However also due to that, our property price are more fragile and unstable |
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Feb 28 2011, 11:29 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(UFO-ET @ Feb 28 2011, 11:24 AM) How to believe in local newspaper's article, they are the BN arm to spread misleading news, all bullshit. Better believe in you yourself, till to-date, the gomen has no idea how to increase household income. pls send the STAR to gomen office.... ha ha...the property price will be decided by open free mkt, demand and supply and the amt of speculators in the mkt, compare to other developed countries, M'sia's speculators are peanut. However also due to that, our property price are more fragile and unstable |
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Feb 28 2011, 11:30 AM
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Junior Member
306 posts Joined: Mar 2010
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it says... "... all set to rise..."
but any real compelling reasons (e.g. regulartory) other than speculation? |
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Feb 28 2011, 01:17 PM
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Junior Member
78 posts Joined: Feb 2010
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I doubt that ... Government can't even pay the bonuses for their staff ... how the hell they can raise the salary of public servants ... and *uhmmm* GE coming
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Feb 28 2011, 01:29 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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hmm... see what u all give comment..
felt like salary increment 'dong goh shui' haihhh ~~~ dam u govn ! GE coming.. vote wisely !! increase salary till can cope with property 300k~500k i dun give a dam prop bubble o not ! |
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Feb 28 2011, 01:55 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(UFO-ET @ Feb 28 2011, 10:24 AM) How to believe in local newspaper's article, they are the BN arm to spread misleading news, all bullshit. Better believe in you yourself, till to-date, the gomen has no idea how to increase household income. I agree with you on that. Private sector salaries don't just increase because the gov says so. If they have no business, and they expect the staff to have higher salaries, this could send the companies bankrupt.Edit: just read the article, the Gov is not asking the private sector to give out higher salary, rather it is meant as a matter of fact. Eitherway it could simply be a rouse to get everyone optimistic. This post has been edited by TheDoer: Mar 1 2011, 09:53 AM |
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Feb 28 2011, 03:33 PM
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Junior Member
68 posts Joined: Oct 2010
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i no hope for 30% increment. Just grant me 10% and i will vy happy already..
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Feb 28 2011, 03:48 PM
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Senior Member
1,853 posts Joined: Oct 2009
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Just give me a respectable house I can make a home and I will be very happy already.
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Feb 28 2011, 04:20 PM
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Senior Member
663 posts Joined: Oct 2008
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Moral of the stories is, instead of focusing on external macro factors which is beyond our control unless you got a crystal ball, why don't we focus on internal factors that are within our reach ie how to increase your salary (passive/active income), other forms of investment that can alleviate your net worth, how to live below/within your means and stop comparing with your peers, try to study the properties that you are targeting whether overvalue or undervalue or stable (min chances of bubble bursting), how to mitigate risk etc etc.
Tell us prophets of doom since when we hear good news. Ever since 1997, seems that every 1-2 yrs we experience uncertainties and crisis after crisis. Life goes on and many still making good money from properties and other investments. Ok, instead of being NATO, am also almost making up a deal to invest in some property that has potential to reap double triple quadruple return, Insha Allah of course, we can only do so much as human. But again, that is another playing field, road less travel, need plenty of perseverance and hardwork. Some might also think we are mad. Property boom or burst does not affect this kind of investment and it is not in KV. |
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Feb 28 2011, 05:07 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Another way to make money through properties is become "introducer" between sellers and buyers.
Commission is not bad. A few K up to 10K easily if successfully pulling the string, depended on properties price. My family members did it twice. But normally pre-requisite is having good vast social network. |
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Feb 28 2011, 11:22 PM
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Senior Member
5,867 posts Joined: Feb 2006
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QUOTE(Bobby C @ Feb 28 2011, 04:20 PM) Moral of the stories is, instead of focusing on external macro factors which is beyond our control unless you got a crystal ball, why don't we focus on internal factors that are within our reach ie how to increase your salary (passive/active income), other forms of investment that can alleviate your net worth, how to live below/within your means and stop comparing with your peers, try to study the properties that you are targeting whether overvalue or undervalue or stable (min chances of bubble bursting), how to mitigate risk etc etc. LOL, If I can tell accurately the name of this kind of investment, any present for me ? Tell us prophets of doom since when we hear good news. Ever since 1997, seems that every 1-2 yrs we experience uncertainties and crisis after crisis. Life goes on and many still making good money from properties and other investments. Ok, instead of being NATO, am also almost making up a deal to invest in some property that has potential to reap double triple quadruple return, Insha Allah of course, we can only do so much as human. But again, that is another playing field, road less travel, need plenty of perseverance and hardwork. Some might also think we are mad. Property boom or burst does not affect this kind of investment and it is not in KV. |
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Mar 1 2011, 12:42 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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For those hoping salaries increase 10~30% across, you are hoping the wrong thing.
If salaries increase across without productivity gain, the final result, inflation across, your salaries increment back to square one, or could be even worst. Higher income, but higher goods price, do you want it? |
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Mar 1 2011, 12:44 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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but now.. goods price is higher.. income is lower..
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Mar 1 2011, 08:47 AM
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Senior Member
2,294 posts Joined: Mar 2009
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http://www.sinchew.com.my/node/194930?tid=2
巴林調低房貸30% This post has been edited by sampool: Mar 1 2011, 08:49 AM |
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Mar 1 2011, 08:56 AM
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Senior Member
663 posts Joined: Oct 2008
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QUOTE(aeiou228 @ Feb 28 2011, 11:22 PM) LOL, If I can tell accurately the name of this kind of investment, any present for me ? You oledi know liaw. No present for you in this case |
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Mar 1 2011, 09:14 AM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(sampool @ Mar 1 2011, 08:47 AM) Wat kind of measurement is this? Doesn't helplah....it will kill the property sector, end up kill the whole economy. Dun forget many gomens are reluctant to interrupt the property mkt b'coz it forms the back bone of the economy, 203 businesses are direct & indirectly related to property sector, if property price drop sharply in a particular country, unemployment rate will shoot up and gomen will be forced to step down |
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Mar 1 2011, 09:19 AM
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Junior Member
180 posts Joined: Oct 2010
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QUOTE(sampool @ Feb 28 2011, 10:20 AM) yeterday, the cooking oil, knife brand jump from RM14.xx to RM17.xx last Saturday the cooking oil at Tesco still RM14.xxnow already 17.xx??? |
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Mar 1 2011, 09:21 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(UFO-ET @ Mar 1 2011, 10:14 AM) Wat kind of measurement is this? Doesn't helplah....it will kill the property sector, end up kill the whole economy. Dun forget many gomens are reluctant to interrupt the property mkt b'coz it forms the back bone of the economy, 203 businesses are direct & indirectly related to property sector, if property price drop sharply in a particular country, unemployment rate will shoot up and gomen will be forced to step down the cut down will proceed if majority cannot afffort. i think banking sector will be hurt the most, majority ppl will be happy, me too. Added on March 1, 2011, 9:22 am QUOTE(edwardsiow @ Mar 1 2011, 10:19 AM) last Saturday the cooking oil at Tesco still RM14.xx i mean the branded oil lah, not the normal brand which we not familiar with....now already 17.xx??? knife brand This post has been edited by sampool: Mar 1 2011, 09:22 AM |
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Mar 1 2011, 09:40 AM
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Senior Member
6,747 posts Joined: Sep 2010
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[quote=sampool,Mar 1 2011, 09:21 AM]
the cut down will proceed if majority cannot afffort. i think banking sector will be hurt the most, majority ppl will be happy, me too. Yeah, let's go to Bahrain to buy properties |
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Mar 1 2011, 09:44 AM
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Senior Member
2,294 posts Joined: Mar 2009
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[quote=UFO-ET,Mar 1 2011, 10:40 AM]
[quote=sampool,Mar 1 2011, 09:21 AM] the cut down will proceed if majority cannot afffort. i think banking sector will be hurt the most, majority ppl will be happy, me too. Yeah, let's go to Bahrain to buy properties [/quote] i think u need to be citizen there. i m sure they/gomen are not stupid, their tink tank may advise so as the property in bahrin is follow the world market as well,... so wat to do with us next.... property value may stagnant... because developer not willing to see the 30% cut back later on..... business is full of uncertainty |
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Mar 1 2011, 10:20 AM
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Senior Member
618 posts Joined: Apr 2009
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the sharp increase in cooking oil price is due to promo, is it?
u may check again the price on weekly basis to see if it is really a mark up price... |
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Mar 1 2011, 10:21 AM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(sampool @ Mar 1 2011, 09:44 AM) i think u need to be citizen there. In this country, except no natural disaster, anything else is certain? If we learn to take the risk, study it properly then we can manage it welli m sure they/gomen are not stupid, their tink tank may advise so as the property in bahrin is follow the world market as well,... so wat to do with us next.... property value may stagnant... because developer not willing to see the 30% cut back later on..... business is full of uncertainty |
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Mar 1 2011, 10:29 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(jusco1 @ Mar 1 2011, 11:20 AM) the sharp increase in cooking oil price is due to promo, is it? i also dun know leh, bcos the price of 5kg knife brand is RM14.xx last time and now the 3kg is RM10.xx last week, so if we extend to 5kg is cost RM17.xx, this is just math cal. i think the knife brand is now change to use the 3kg packing...u may check again the price on weekly basis to see if it is really a mark up price... my 2 cent only... Added on March 1, 2011, 10:33 am QUOTE(UFO-ET @ Mar 1 2011, 11:21 AM) In this country, except no natural disaster, anything else is certain? If we learn to take the risk, study it properly then we can manage it well i think middle east ppl are rather good in take the risk... This post has been edited by sampool: Mar 1 2011, 10:33 AM |
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Mar 1 2011, 10:35 AM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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I know macroekonomi affects economy eg. oil price, usa int rate & etc
as microekonomi is the result of it eg. the complains being mentioned here if u guys insist on looking at micro & no macro, up to u lo who wanna install york aircond in their tempurung? |
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Mar 1 2011, 11:21 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(sampool @ Mar 1 2011, 09:21 AM) the cut down will proceed if majority cannot afffort. i think banking sector will be hurt the most, majority ppl will be happy, me too. i'm in the majority ppl i dun even care tat time alot of ppl kena pecat and i'm included.. i believe in myself that i can get employed.. as long as i dun expect high salary even now i got job.. also kenot afford to buy a properties... |
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Mar 1 2011, 11:31 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(UFO-ET @ Mar 1 2011, 09:14 AM) Wat kind of measurement is this? Doesn't helplah....it will kill the property sector, end up kill the whole economy. Dun forget many gomens are reluctant to interrupt the property mkt b'coz it forms the back bone of the economy, 203 businesses are direct & indirectly related to property sector, if property price drop sharply in a particular country, unemployment rate will shoot up and gomen will be forced to step down Somemore, properties and finance is tightly related.Properties plunged --> NPL rise, if severe could threaten the banking sector as a whole, just like subprime and financial crisis 2008. That's why gov is always reluctantly to control it in a big way. But I see RPGT is a good way to fence out excessive speculation and without affect the health of RE as a whole. |
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Mar 1 2011, 11:35 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(cherroy @ Mar 1 2011, 12:31 PM) Somemore, properties and finance is tightly related. wat is RPGT?Properties plunged --> NPL rise, if severe could threaten the banking sector as a whole, just like subprime and financial crisis 2008. That's why gov is always reluctantly to control it in a big way. But I see RPGT is a good way to fence out excessive speculation and without affect the health of RE as a whole. cherry seem everything also u know ah... property, stock market... |
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Mar 1 2011, 11:40 AM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia
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have to agree with cherroy
Now we are facing inflation problem instead of crisis. goods now increasing. |
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Mar 1 2011, 11:57 AM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(cherroy @ Mar 1 2011, 11:31 AM) Somemore, properties and finance is tightly related. Politician hold the most speculative real estate in hand, you might be surprise a very small post politician could have own / speculate > 50 pieces properties amounting to 10 mil - 100 mil, wat about those top position? Properties plunged --> NPL rise, if severe could threaten the banking sector as a whole, just like subprime and financial crisis 2008. That's why gov is always reluctantly to control it in a big way. But I see RPGT is a good way to fence out excessive speculation and without affect the health of RE as a whole. RPGT would affect them the most, do you think they will implement it? Not likely I personally feels that it is the best way to tap price hike so far.. |
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Mar 1 2011, 12:20 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(UFO-ET @ Mar 1 2011, 12:57 PM) Politician hold the most speculative real estate in hand, you might be surprise a very small post politician could have own / speculate > 50 pieces properties amounting to 10 mil - 100 mil, wat about those top position? Haha... CHANGE is the only solution..RPGT would affect them the most, do you think they will implement it? Not likely I personally feels that it is the best way to tap price hike so far.. |
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Mar 1 2011, 02:20 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(sampool @ Mar 1 2011, 12:20 PM) Haha... CHANGE is the only solution.. vote wisely in the coming election |
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Mar 1 2011, 02:42 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(CKHong @ Mar 1 2011, 02:20 PM) vote wisely in the coming election Hear hear. I'm all for RPGT. |
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Mar 1 2011, 02:58 PM
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Junior Member
306 posts Joined: Mar 2010
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a crappy report...
http://www.themalaysianinsider.com/busines...ns-of-slowdown/ copy-paste: CODE KUALA LUMPUR, March 1 — The property market has either gone flat or is showing signs of decline, as indicated by rents and capital values for prime areas. The market, especially the high-end segment, appears to be feeling the pinch of oversupply and the tightening measures on investment. Figures in a report by property consultancy DTZ Research released in January shows that rental rates for commercial property were on a downward trend last year dropping from RM6 per square foot (psf) in the second quarter to RM5.97 in the fourth quarter. Office occupancy rates also fell from 87.9 per cent in the second quarter to 86.4 per cent in the fourth quarter. “The outlook for the (commerical property) sector is expected to remain soft in the next few years as it will take time to increase demand with these new initiatives while there is a substantial amount of new supply, most of which is of a speculative nature,” said the DTZ report. Meanwhile the average capital value of prime condominiums declined slightly from RM600 psf in the third quarter to RM599 in the fourth quarter. DTZ pointed out that Bank Negara had mandated a 70 per cent cap on the loan-to-value ratio (LVR) for a purchase of a third residential property, down from 80-90 per cent and this could affect the high end property market in the coming months. “This (the 70 per cent LVR cap) will have some negative impact on the high-end segment where buying has been concentrated,” said the report. Property agent Melvin Wong says however that the slowdown will not likely affect affordable properties in the RM300,000 to RM400,000 range. “The 70 per cent LVR cap doesn”t affect first time home-buyers,” he said. “The government is trying to curb speculation in the higher end segment of the market and those are the properties which might see a slowdown.” Wong, who specialises in the upper middle-class area of Mt Kiara says that the value of properties there are stable although rentals rates may have been hit by the ample supply of units. “People who buy in Mt Kiara have holding power so we haven”t seen fire sales yet,” he said. “The supply of condominiums have gone up so rental wise, the market is more competitive.” Property consultant Lau Han Hoe says that there could be a slight dip in property prices due to the LVR cap. “There will be an effect,” he said. He noted however that demand from first-time home owners is always there and developers should build more affordable units to tap into that demand. The property market could also be affected by expectations that Bank Negara would raise the statutory reserve requirement for banks which could put the brakes on loans growth. Investment research house ECM Libra said in a report last month that growth in deposits is lagging loans which may curb loans growth momentum going forward Figures in the ECM Libra report showed that residential and non-residential property loans which accounted for 44 per cent of loans growth in 2010 are showing signs of growth moderation. Residential loan approval contracted 3.8 per cent year-on-year in December last year while non-residential loan approval slowed to 30.2 per cent from 47.3 per cent in November. |
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Mar 1 2011, 05:11 PM
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Junior Member
289 posts Joined: Oct 2008 From: Mars
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It's all a big conspiracy, man!....
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Mar 1 2011, 05:48 PM
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Senior Member
663 posts Joined: Oct 2008
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Pre-election conspiracy to con speculators. Where else to get extra funding?
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Mar 1 2011, 06:09 PM
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Junior Member
201 posts Joined: Mar 2011
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why are all their surveys based on mont kiara and klcc? astute conservative local investors would never go near any of these places.
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Mar 1 2011, 07:46 PM
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Senior Member
1,747 posts Joined: May 2005 From: Malaysia
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Right strategy which I have been applying, just buy at anytime.
Bubble lagi best for the big time investor, they buy even more. So they are buying ALL THE TIME... |
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Mar 1 2011, 08:28 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(hakon @ Mar 1 2011, 02:58 PM) a crappy report... which part you find crappy? what about this part: QUOTE Residential loan approval contracted 3.8 per cent year-on-year in December last year while non-residential loan approval slowed to 30.2 per cent from 47.3 per cent in November. |
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Mar 1 2011, 08:38 PM
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Senior Member
1,946 posts Joined: Aug 2009
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yes, property loan shrinked every where eg Sg, HK, China etc
so now borrowers are king? can request more goodies.. |
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Mar 1 2011, 11:11 PM
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Junior Member
171 posts Joined: Dec 2010
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Added on March 1, 2011, 11:12 pm[quote=hakon,Mar 1 2011, 02:58 PM]a crappy report... http://www.themalaysianinsider.com/busines...ns-of-slowdown/ copy-paste: CODE KUALA LUMPUR, March 1 — The property market has either gone flat or is showing signs of decline, as indicated by rents and capital values for prime areas. The market, especially the high-end segment, appears to be feeling the pinch of oversupply and the tightening measures on investment. Figures in a report by property consultancy DTZ Research released in January shows that rental rates for commercial property were on a downward trend last year dropping from RM6 per square foot (psf) in the second quarter to RM5.97 in the fourth quarter. residential loan approval contracted 3.8 per cent year-on-year in December last year while non-residential loan approval slowed to 30.2 per cent from 47.3 per cent in November. [/quote] great news Added on March 1, 2011, 11:21 pm[quote=stylophile,Mar 1 2011, 06:09 PM]why are all their surveys based on mont kiara and klcc? astute conservative local investors would never go near any of these places. [/quote] Hi, when i started looking for a place for myself i thot the same as you. But i now realised that people became greedy when they see the surrounding area's (for example mont kiara, desa park city) condos and houses are selling at very high price, they also jack up their asking price claiming that their properties are near to this high end area. So, different segment of property prices are correlated. For example, a so so condo located outside desa parkcity (leasehold ok?) was selling at around RM150K two years ago, now because desa parkcity, asking for RM370K, eventually the low-mid income people are affected as well . another example will be condos near The tropicana mall, suddenly all prices increased by RM100-RM200K when the property market is hot, property prices of all categories increase, a flat in Sri Damansara that was selling RM80K 1.5 year ago is now asking for RM150K !!! crazy Added on March 1, 2011, 11:27 pm[quote=UFO-ET,Mar 1 2011, 09:40 AM] [quote=sampool,Mar 1 2011, 09:21 AM] the cut down will proceed if majority cannot afffort. i think banking sector will be hurt the most, majority ppl will be happy, me too. Yeah, let's go to Bahrain to buy properties [/quote] Bharain got protests wo some economists said China will now be more serious to tackle its overheated property market although it means to tolerate a slower growth rate, due to fear that the unrest in the middle east as well as north africa will spread over, which is still under control at the moment, if it does spread.... This post has been edited by godutch: Mar 1 2011, 11:27 PM |
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Mar 1 2011, 11:31 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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how long it took to get tat report out? some developers had alredi been giving freebies many moons ago
tat itself was a sign of mini desperation, but most units sold out very fast, so semuanya ok hearing about inflation is one thing, doing something about it is another even tho usd is dropping due to qe, china stil put hope on usa, if anything really bad happens, usa will alwiz be the safe haven http://online.wsj.com/article/SB1000142405...1499039068.html if u wan the inflation party to end, wait usa increase int rate, since no signs yet, means party still on |
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Mar 2 2011, 09:28 AM
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Senior Member
593 posts Joined: Dec 2008
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QUOTE(AVFAN @ Mar 1 2011, 08:28 PM) which part you find crappy? crappy coz the expected segment to be affected only the high end condos?what about this part: |
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Mar 2 2011, 11:38 AM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(attahun @ Mar 2 2011, 09:28 AM) crappy coz the expected segment to be affected only the high end condos? with no shortage of supply of highrise, it will be tough. mont kiara e.g., it is well known 2-3 years ago that another 10,000 odd units will come onstream about now. it is also well known rental for high end highrise has been soft for the last few years - since big foreign cos. and expats are going and gomen has done little to bring them back. for own stay most people still prefer houses as shown in one recent thread poll here. when prices are acceptable, locals will buy to stay. can see some already with the older ones in mk.now, more disturbing is... not unexpected and again it is well known, many new shopping malls coming this year, new year, next next year. i find it scary to read some people saying residential play is over, now buy commercial! QUOTE Office occupancy rates also fell from 87.9 per cent in the second quarter to 86.4 per cent in the fourth quarter. “The outlook for the (commerical property) sector is expected to remain soft in the next few years as it will take time to increase demand with these new initiatives while there is a substantial amount of new supply, most of which is of a speculative nature,” said the DTZ report. This post has been edited by AVFAN: Mar 2 2011, 11:41 AM |
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Mar 2 2011, 12:27 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i agreed that many new shopping malls coming..
too much ! currently stayin at kelana jaya.. they build shopping mall like no tomorrow |
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Mar 2 2011, 12:47 PM
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Senior Member
2,508 posts Joined: Jun 2009
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I can see that many ppls buying commercial properties which costs millions like eating peanuts. To my understanding most of them are those greedy investors that taking loan like 90% with the hopes someone could take their unit for rental to offset the loan payment. Imagine if one day the place is over-supply with tons of shoplots which they unable to rent out, eventually they been forced to sell it off even at losses and property prices will crashed in couple of years if my study serves me right.
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Mar 2 2011, 01:04 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(ronn77 @ Mar 2 2011, 12:47 PM) I can see that many ppls buying commercial properties which costs millions like eating peanuts. To my understanding most of them are those greedy investors that taking loan like 90% with the hopes someone could take their unit for rental to offset the loan payment. Imagine if one day the place is over-supply with tons of shoplots which they unable to rent out, eventually they been forced to sell it off even at losses and property prices will crashed in couple of years if my study serves me right. the latest indication says that day is not so far away. just think about this - how often do each of us eat drink and shop in those malls where retailers have to charge RM8-10 for a bowl of curry mee (chicken strips only)? and imagine there are half a dozen of them for you to go to when you want to. even now, can see the the thinspreading of the crowd in 1u-ikano-curve-giza.. the crowd that once thronged in 1 and only 1u in the area.i'm of the view house prices will not drop before offices, shoplots, highend highrise, midend highrise go on firesale first - in that order. This post has been edited by AVFAN: Mar 2 2011, 01:07 PM |
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Mar 2 2011, 01:06 PM
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Junior Member
35 posts Joined: Mar 2011
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Hi everyone,
Buying a prop is a long term investment, lately the prices have spiraled so high bcos of speculators and buyers who are “Kiasu” No hard fact to buying, if for own use, buy on location and affordability. ( must have rserve for instalment for 1yr if out of job). Banks ask u to sign PA with loan, the moment u can’t service loan, yr prop is on the auction table. And when that happens all is lost. Back in 2004, young couples buy into BU hses RM550-650K+, both have to combine income to survive. As time goes family add on and expenses increase. So stressed out living in upscale community (but got face..mah). Now increase RM750~850k but cannot cashout unless can afford another unit (yr best guess) or down-size(more cramp). So can’t benefit right now. Maybe later but with inflation everything so expensive. When u buy expensive how much more do u expect it to increase? And if it does, can you cash-in and buy another? Unless u strike it rich or u downsize. Therefore, buy slightly below yr capacity, u can save some and invest in next prop. Make such u have savings for rainy days (if out of job 6-12mths instalment, medical bills , insurance,etc,.) Buy smart – developers are laughing to the bank and u can’t stop this unless u r smart and speculators are wiped-out . So the next best thing, be knowlegable. Buying Bench mark (depand on location, eg here is puchong area)– a) landed prop – land area cost RM 80-120psf (leasehold) RM 120-180psf (freehold) build-up cost RM 150-250psf(depend on layout & quality of finishes) b) high-rise prop – build-up mid-cost RM150 – 350psf(freehold) depend of common area and facilities provided. Critical would be parking facility. Hope this info can help some. |
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Mar 2 2011, 01:24 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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y wan to wipe out speculators?
we dun wan put moolah in fd earn peanuts, so we put moolah to hard work when u guys were wetting pants coz recession is alwiz an opportunity now the warren buffet wanna use his elephant gun 2 years ago, we speculators alredi using all our gun + water gun liao to buy, buy & buy so now u guys late to the party & wanna blame speculators? |
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Mar 2 2011, 01:25 PM
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Senior Member
1,313 posts Joined: Jan 2003 From: klang Valley
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so far..we have not seen a slow down or dip price yet...
pple now even looking at rawang and kajang already..!! later its gonna be Sepang or Nilai or bukit beruntung This post has been edited by yoki: Mar 2 2011, 01:26 PM |
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Mar 2 2011, 01:39 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(sulifeisgreat @ Mar 2 2011, 01:24 PM) y wan to wipe out speculators? what do u mean by "late to the party" ? we dun wan put moolah in fd earn peanuts, so we put moolah to hard work when u guys were wetting pants coz recession is alwiz an opportunity now the warren buffet wanna use his elephant gun 2 years ago, we speculators alredi using all our gun + water gun liao to buy, buy & buy so now u guys late to the party & wanna blame speculators? we're not trying to join the speculators group but still.. not my intention to wipe out speculators.. we need them.. cus they help us to push the economy.. so when bubble come.. half of them will like  [half yeah.. not all.. better state out if not later some will say " CASH RICH ONE WILL SURVIVE "]then all of us [poor ppl] will like |
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Mar 2 2011, 01:47 PM
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Senior Member
1,853 posts Joined: Oct 2009
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yes, I also feel very irked by that statement. As I've said before, they've rushed to the life boats first, and now teasing us, aboard them.
There is nothing proud or smart, about being kiasu. These are the same people who do not know how to line up at the casher. Their reason: You slow, nasib lah. This post has been edited by TheDoer: Mar 2 2011, 01:48 PM |
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Mar 2 2011, 01:54 PM
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Junior Member
171 posts Joined: Dec 2010
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http://biz.thestar.com.my/news/story.asp?f...24&sec=business
Residential property prices likely to stay flat PETALING JAYA: Property prices of the local residential sub-sector are expected to be flat in the next few months as fears of rising oil prices due to the political unrest in the Middle East may damper investor and buyer confidence. Khong & Jaafar Sdn Bhd managing director Elvin Fernandez said the local residential sub-sector would not see “insane run-ups” in prices like last year due to both global and local factors. “Stock markets in the region have not been on the run-up. The uncertainty in oil prices and measures taken by Bank Negara to curb rising property prices will see (prices) within the local residential property sector holding,” he said when contacted by StarBiz yesterday. Fernandez said the local residential sub-sector experienced “insane run-ups” in prices towards the second half of 2010 but, in light of both local and foreign events, the run-up in prices “will be arrested.” Henry Butcher Malaysia Sdn Bhd chief operating officer Tang Chee Meng said he expected prices of the residential sub-sector to be stable in the next three to six months. “Property prices won't go up as crazily as it did last year,” he said. There would still be interest for landed properties and high-rise developments would experience a bigger slowdown, he said, adding that if oil prices shot up, people might put off property investment. In its report, DTZ said that to push sales, developers were now selling smaller units in line with market demand, especially aiming at the investment segment of the market which was still relatively strong. “Capital values are stable in most locations with an average of RM599 per sq ft, but rental rates continue to experience deterioration as new completions add competitive pressures to existing projects,” it said. Tang also said if oil prices shot up, people might put off property investment. |
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Mar 2 2011, 02:03 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(CKHong @ Mar 2 2011, 01:39 PM) what do u mean by "late to the party" ? This bubble talk tread will go on and go on for the next 50 years, believe me...we're not trying to join the speculators group but still.. not my intention to wipe out speculators.. we need them.. cus they help us to push the economy.. so when bubble come.. half of them will like [half yeah.. not all.. better state out if not later some will say " CASH RICH ONE WILL SURVIVE "]then all of us [poor ppl] will like Developers "have" to build new hse / condo / shops / retails lot / malls / factories, otherwise they kenot survive, so the number of houses in urban area will keep increasing and the density is rising too, the supply of residential properties is to cope with the migrants fr rural area to urban city, we dun hv a real statistic (like in China) to show how great is the migration, thus it is quite hard to judge whether it is over supply or vice versa but I am pretty sure Malaysia's urbanization is very serious, is based on 4 reasons :- 1. Our gomen has no ability to develop rural or sub-urban areas (it has been proved since independent) 2. Majority young Chinese are going to 3 cities 1. Penang Island 2. KV 3. Singapore 3. No Bullet train (forever no I think), a complete transportation system like bullet train is a way to divert the heavy population (Japan people stay 200KM++ away fr work place, but they need 1 hr++ bullet train time) 4. Job opportunities mostly in urban area p/s : our housing statistic announcement every year tak boleh pakai punya |
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Mar 2 2011, 02:04 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(godutch @ Mar 2 2011, 02:54 PM) http://biz.thestar.com.my/news/story.asp?f...24&sec=business Residential property prices likely to stay flat PETALING JAYA: Property prices of the local residential sub-sector are expected to be flat in the next few months as fears of rising oil prices due to the political unrest in the Middle East may damper investor and buyer confidence. Khong & Jaafar Sdn Bhd managing director Elvin Fernandez said the local residential sub-sector would not see “insane run-ups” in prices like last year due to both global and local factors. “Stock markets in the region have not been on the run-up. The uncertainty in oil prices and measures taken by Bank Negara to curb rising property prices will see (prices) within the local residential property sector holding,” he said when contacted by StarBiz yesterday. Fernandez said the local residential sub-sector experienced “insane run-ups” in prices towards the second half of 2010 but, in light of both local and foreign events, the run-up in prices “will be arrested.” Henry Butcher Malaysia Sdn Bhd chief operating officer Tang Chee Meng said he expected prices of the residential sub-sector to be stable in the next three to six months. “Property prices won't go up as crazily as it did last year,” he said. There would still be interest for landed properties and high-rise developments would experience a bigger slowdown, he said, adding that if oil prices shot up, people might put off property investment. In its report, DTZ said that to push sales, developers were now selling smaller units in line with market demand, especially aiming at the investment segment of the market which was still relatively strong. “Capital values are stable in most locations with an average of RM599 per sq ft, but rental rates continue to experience deterioration as new completions add competitive pressures to existing projects,” it said. Tang also said if oil prices shot up, people might put off property investment. $100 up up....to $150... let them This post has been edited by sampool: Mar 2 2011, 02:05 PM |
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Mar 2 2011, 02:38 PM
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Junior Member
35 posts Joined: Mar 2011
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QUOTE(sulifeisgreat @ Mar 2 2011, 01:24 PM) y wan to wipe out speculators? no lah bro..not wipe them out , just to comment only cos not possible ... we dun wan put moolah in fd earn peanuts, so we put moolah to hard work when u guys were wetting pants coz recession is alwiz an opportunity now the warren buffet wanna use his elephant gun 2 years ago, we speculators alredi using all our gun + water gun liao to buy, buy & buy so now u guys late to the party & wanna blame speculators?  they play a big part in price increase lor... like i said buy cos u need, invest when u can ....but buy/invest smart lor. u remember b4 1997 property/ stock mrket crush, u talk to everone is into stock market ..wah so easy make money, restaurant business oso so good. bcos over-play oredi |
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Mar 2 2011, 02:43 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(UFO-ET @ Mar 2 2011, 02:03 PM) the supply of residential properties is to cope with the migrants fr rural area to urban city, i tot chinese become less and less % in urban since dont want to get maaried or hv childred? |
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Mar 2 2011, 02:51 PM
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Junior Member
35 posts Joined: Mar 2011
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QUOTE(chubbyken @ Mar 2 2011, 02:43 PM) i tot chinese become less and less % in urban since dont want to get maaried or hv childred? rural areas has less earning opportunity....so come to urban with more activity |
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Mar 2 2011, 02:58 PM
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Senior Member
1,853 posts Joined: Oct 2009
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A non sequital comment:
I hope that BBB means build build build! muahaha.... |
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Mar 2 2011, 03:33 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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"they've rushed to the life boats first, and now teasing us, aboard them"
the thread started on 13/7/2008, pls refer the yahoofinance graph for timeline explanation Post #1188 http://forum.lowyat.net/topic/741185/+1180 beginning year 2008 market shows sign of cracking, wat were u guys doing? enjoy york aircond in tempurung! I alredi run to the life boats (ie. cut loss) and absolutely no idea wat wil happen nextif I tell u to run to life boat at tat time, wil u follow then or u tease? ending yr2008 early yr2009, market totally cracked, tis is call OPPORTUNITY, since alredi sold earlier at tat time, most of u wetting pants & no idea wat happening most would be asking, to spent savings or to add more savings, but wat if the worst happens now yr2011 only u guys come to the life boats, wat u wan me to say? alredi say to buy so many times, u all say no & say the worst is yet to come those who do their proper planning irregardless of wealth will survive. someone said even flats price went up 
QUOTE(CKHong @ Mar 2 2011, 01:39 PM) what do u mean by "late to the party" ? we're not trying to join the speculators group but still.. not my intention to wipe out speculators.. we need them.. cus they help us to push the economy.. so when bubble come.. half of them will like [half yeah.. not all.. better state out if not later some will say " CASH RICH ONE WILL SURVIVE "] then all of us [poor ppl] will like |
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Mar 2 2011, 04:25 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(sulifeisgreat @ Mar 2 2011, 03:33 PM) "they've rushed to the life boats first, and now teasing us, aboard them" You think I had the luxury to buy it then? Not everybody is as rich as you. the thread started on 13/7/2008, pls refer the yahoofinance graph for timeline explanation Post #1188 http://forum.lowyat.net/topic/741185/+1180 beginning year 2008 market shows sign of cracking, wat were u guys doing? enjoy york aircond in tempurung! I alredi run to the life boats (ie. cut loss) and absolutely no idea wat wil happen nextif I tell u to run to life boat at tat time, wil u follow then or u tease? ending yr2008 early yr2009, market totally cracked, tis is call OPPORTUNITY, since alredi sold earlier at tat time, most of u wetting pants & no idea wat happening most would be asking, to spent savings or to add more savings, but wat if the worst happens now yr2011 only u guys come to the life boats, wat u wan me to say? alredi say to buy so many times, u all say no & say the worst is yet to come those who do their proper planning irregardless of wealth will survive. someone said even flats price went up
It still is the same. Buy only what you need, don't buy more than you need. What you're saying here is just like the guy, who couldn't wait for the guy infront of him to count his change, you cut queue, and is saying, "hey I told you to faster you don't want." " tis is call OPPORTUNITY". In otherwards, you're the guy, who row away with the empty life boats, while the rest of us were considering what to save from the ship. In return for space on the lifeboat, you want whatever we've salvaged. If we can't meet your demand, then you row off in it waving good bye. |
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Mar 2 2011, 04:40 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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haha.. same here.. i baru started working
mana ada luit ! |
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Mar 2 2011, 05:25 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(godutch @ Mar 2 2011, 01:54 PM) There would still be interest for landed properties and high-rise developments would experience a bigger slowdown, he said, adding that if oil prices shot up, people might put off property investment. In its report, DTZ said that to push sales, developers were now selling smaller units in line with market demand, especially aiming at the investment segment of the market which was still relatively strong. this captures it all. houses, most people still buy as homes. Highrise, more vulnerable to risk as better rental has traditionally made it a cashflow type inv. investors, some diehard as they are, will now go plunge into pigeonholes due to to low entry cost. do you call this investment or speculation or gambling at this time given all the indications showing up now? |
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Mar 2 2011, 07:35 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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ahhhh.. another good news.. the place i'm interested.. i saw got one unit go till 360k ! down from 380k where i see it last 3 week(in iproperty).. but didn't make a call to the agent also.. one of my colleague going to see the unit and phone the agent.. the agent quote him 2 unit.. 380k !!
i hope it go down till 330k then i will buy straight away ! yes ! got some question.. hope someone can tell me the answer.. cus lazy to open a new thread.. anyone know how much is to renew the leasthold ? let say the prop i buy left 20 years.. then if i wanna renew.. how much will it cost agak agak ? pj area.. This post has been edited by CKHong: Mar 2 2011, 07:40 PM |
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Mar 3 2011, 03:53 AM
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Junior Member
240 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(CKHong @ Mar 2 2011, 07:35 PM) ahhhh.. another good news.. the place i'm interested.. i saw got one unit go till 360k ! down from 380k where i see it last 3 week(in iproperty).. but didn't make a call to the agent also.. one of my colleague going to see the unit and phone the agent.. the agent quote him 2 unit.. 380k !! Leasehold renewal can be around 100K:i hope it go down till 330k then i will buy straight away ! yes ! got some question.. hope someone can tell me the answer.. cus lazy to open a new thread.. anyone know how much is to renew the leasthold ? let say the prop i buy left 20 years.. then if i wanna renew.. how much will it cost agak agak ? pj area.. http://thestar.com.my/metro/story.asp?file...378&sec=central "Most residents of Petaling Jaya Old Town whose property lease is expiring in three to 15 years had a shock when they applied for an extension. The premium now costs them between RM80,000 and RM100,000, compared with RM40,000 four years ago." http://biz.thestar.com.my/news/story.asp?f...24&sec=business "Property prices of the local residential sub-sector are expected to be flat in the next few months as fears of rising oil prices due to the political unrest in the Middle East may damper investor and buyer confidence." |
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Mar 3 2011, 07:27 AM
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Junior Member
411 posts Joined: Aug 2010
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the reason property prices keep escalating is because today we have more gurus who promote real estate investment to the mass public. as a result, people are going into real estate investment in a major way like we have not seen before.
example is this guy http://www.facebook.com/pages/Get-Started-...EN/198036411714 |
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Mar 3 2011, 09:39 AM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(newx @ Mar 3 2011, 07:27 AM) the reason property prices keep escalating is because today we have more gurus who promote real estate investment to the mass public. as a result, people are going into real estate investment in a major way like we have not seen before. It is good to attend some property talks but dun over react to it, Malaysia is called the Kingdom of Direct Selling, in this boleh land really produces world top class goring kaki...example is this guy http://www.facebook.com/pages/Get-Started-...EN/198036411714 Sometimes those gurus are giving misleading teaching, instead of educate investors to invest, it might end up put them in hell. Property investment involve huge amt, must be conducted in a proper manner, a miss judgement would end with lifetime suffering |
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Mar 3 2011, 09:58 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(UFO-ET @ Mar 3 2011, 10:39 AM) It is good to attend some property talks but dun over react to it, Malaysia is called the Kingdom of Direct Selling, in this boleh land really produces world top class goring kaki... as well as stock market investment ... Sometimes those gurus are giving misleading teaching, instead of educate investors to invest, it might end up put them in hell. Property investment involve huge amt, must be conducted in a proper manner, a miss judgement would end with lifetime suffering |
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Mar 3 2011, 10:36 AM
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6,747 posts Joined: Sep 2010
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QUOTE(sampool @ Mar 3 2011, 09:58 AM) as well as stock market investment ... Sign of bubble....Remember 1994 when untie in wet mkt ask you to invest share mkt... And now, I even heard secondary school students talk bout property investment, be careful be careful And my old college mate just suddenly change her job fr branding manager & become property guru...bubble is in the creation |
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Mar 3 2011, 11:58 AM
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Junior Member
456 posts Joined: Sep 2005
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So... property prices going to drop or continue to rise??? Sifu please advice me
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Mar 3 2011, 12:00 PM
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1,853 posts Joined: Oct 2009
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QUOTE(UFO-ET @ Mar 3 2011, 10:36 AM) Sign of bubble.... True, I found it disturbing when I heard aunty-aunty ask their children to invest, because they heard from other aunty that good time to invest. then suddenly, heard from aunty-aunty should not invest... Remember 1994 when untie in wet mkt ask you to invest share mkt... And now, I even heard secondary school students talk bout property investment, be careful be careful And my old college mate just suddenly change her job fr branding manager & become property guru...bubble is in the creation They don't know anything, just blindly follow. |
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Mar 3 2011, 01:07 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(TheDoer @ Mar 3 2011, 12:00 PM) True, I found it disturbing when I heard aunty-aunty ask their children to invest, because they heard from other aunty that good time to invest. then suddenly, heard from aunty-aunty should not invest... no need to get disturbed, it's human nature found everywhere esp when the circumstances permit. They don't know anything, just blindly follow. watch the oscar winning doc "inside job", you'll understand why the us subprime crisis happened. buyers were just lured into buying anything, even when they clearly can't afford it. banks lending freely, greed everywhere. the result... rows and rows of empty houses with signboards... for 3 years now. here may not be exactly the same, but good chance some fringe devs become something like that in 3-5 yrs time. |
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Mar 3 2011, 01:35 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(sherman @ Mar 3 2011, 03:53 AM) Leasehold renewal can be around 100K: Thanks for ur info.. oh man ! need to fork out that much money when wanna do extension of leasehold.. =.=http://thestar.com.my/metro/story.asp?file...378&sec=central "Most residents of Petaling Jaya Old Town whose property lease is expiring in three to 15 years had a shock when they applied for an extension. The premium now costs them between RM80,000 and RM100,000, compared with RM40,000 four years ago." http://biz.thestar.com.my/news/story.asp?f...24&sec=business "Property prices of the local residential sub-sector are expected to be flat in the next few months as fears of rising oil prices due to the political unrest in the Middle East may damper investor and buyer confidence." haih.. some said doesn't matter leasehold / free hold.. seems like not reli correct.. |
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Mar 3 2011, 01:35 PM
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Senior Member
1,853 posts Joined: Oct 2009
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I can't see why we human beings can't wisen up and be more civilized. Too much kiasu culture.
If everybody was alittle more considerate, this world will be a better place. |
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Mar 3 2011, 02:00 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(TheDoer @ Mar 3 2011, 01:35 PM) I can't see why we human beings can't wisen up and be more civilized. Too much kiasu culture. because more and more humans on earth now subscribe to "to have" rather than "to be" way of life.If everybody was alittle more considerate, this world will be a better place. material possession is becoming increasingly the norm, much less just to experience and pass on the materials. living in a 5 star hotel for a couple of nights a year with room service is not good enough. better to have your own beautiful house and hire a maid! |
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Mar 3 2011, 03:13 PM
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Senior Member
663 posts Joined: Oct 2008
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QUOTE(IMHO @ Mar 2 2011, 02:51 PM) rural areas has less earning opportunity.... so come to urban with more activity Not exactly true. Things might change in future when people from urban moving back to rural. Friend of mine staying in so call rural area and work part time as a broker. Personal property/land acquisition like every 3 mths. City folks like us can only dream of tat once every few yrs. If you are resourceful and got plenty of insights eg where the development going even when the land is still full of lalang, that where these 'genius' hit. Last thing they look for is when it has been developed into another KLCC or Mutiara, tat when they already gone far far pocketed heaps of profit. Moral of the story, never look down at rural folks. You never know how full their bank account even only wearing slippers and riding motorbike. [ ] |
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Mar 3 2011, 03:21 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(Bobby C @ Mar 3 2011, 03:13 PM) Moral of the story, never look down at rural folks. You never know how full their bank account even only wearing slippers and riding motorbike. [ yes]never look down on rural folks that day tv got show interview some rural folk how is their life like the folks said normally 20k a month sometimes over 30k but sometimes <10k also (rubber field) this kind of earnings urban normal employees can only dream... |
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Mar 3 2011, 03:26 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(chubbyken @ Mar 3 2011, 04:21 PM) yes That is y, Barang Naik also their happy onli.... never look down on rural folks that day tv got show interview some rural folk how is their life like the folks said normally 20k a month sometimes over 30k but sometimes <10k also (rubber field) this kind of earnings urban normal employees can only dream... |
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Mar 3 2011, 03:40 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(Bobby C @ Mar 3 2011, 03:13 PM) Not exactly true. Things might change in future when people from urban moving back to rural. Urbanization no way back. Only those who were born 1930-1975 may think of going back to kampung when getting very old, like me a kampung boy will go back one day those youngsters born in the city, no way, they will claim no Paparich & Mid Valley in Kampung, how to survive |
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Mar 3 2011, 04:57 PM
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Junior Member
35 posts Joined: Mar 2011
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QUOTE(Bobby C @ Mar 3 2011, 03:13 PM) Not exactly true. Things might change in future when people from urban moving back to rural. Man..it is not look down on rural pppl... Friend of mine staying in so call rural area and work part time as a broker. Personal property/land acquisition like every 3 mths. City folks like us can only dream of tat once every few yrs. If you are resourceful and got plenty of insights eg where the development going even when the land is still full of lalang, that where these 'genius' hit. Last thing they look for is when it has been developed into another KLCC or Mutiara, tat when they already gone far far pocketed heaps of profit. Moral of the story, never look down at rural folks. You never know how full their bank account even only wearing slippers and riding motorbike. [ ] Every human being have their purpose on earth all are equal.....same flesh n blood  Gosh i dream of owning a house out in the country for retirement.... it is just that there are fewer opportunity in rural areas. |
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Mar 3 2011, 05:45 PM
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Senior Member
663 posts Joined: Oct 2008
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So city folks, don't be despair. Even now staying in a pigeon hole. You can always migrate 1-2 hrs from the city upon retirement and build ur dream homes v acres of orchard to yourself and family. Of course have to plan now not after retirement.
Never know what's going to happen 10-20 yrs down the road. Globalization and urbanization taking its toll. Sporeans coming to KL to seek jobs, KL folks going back to kampung to cari makan. Human like animals just follow where the food source. In the past, people don't want to be rubber tappers. Nowadays people happy to be rubber tappers, even managers also drop his pants liau. You never know when the wheels going to turn around. Moral of the story, never be too proud and learn to cherish what you have. |
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Mar 3 2011, 09:33 PM
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Senior Member
1,407 posts Joined: May 2010
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QUOTE(CKHong @ Mar 3 2011, 01:35 PM) Thanks for ur info.. oh man ! need to fork out that much money when wanna do extension of leasehold.. =.= that why freehold have the advantage, not to mention the bank will loan you anytime with freehold title but not leasehold & the appreciation difference between them. There are also the type of owners living condition difference between freehold taman & leasehold taman.haih.. some said doesn't matter leasehold / free hold.. seems like not reli correct.. |
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Mar 4 2011, 12:04 PM
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Junior Member
265 posts Joined: Sep 2007
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This is the 1st time i'm in this thread, i duno why i even missed this sticky topic.
Seriously, are u all waiting for a property drop ? |
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Mar 4 2011, 12:07 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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not all waiting for prop drop
at least not for speculators that replied this thread |
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Mar 4 2011, 12:56 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(dripinrain @ Mar 4 2011, 12:04 PM) This is the 1st time i'm in this thread, i duno why i even missed this sticky topic. i hope so laaSeriously, are u all waiting for a property drop ? but a lot of ppl say will up up up |
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Mar 4 2011, 01:25 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(dripinrain @ Mar 4 2011, 12:04 PM) This is the 1st time i'm in this thread, i duno why i even missed this sticky topic. Either wait for it to drop or increase still the same, cannot afford now.Seriously, are u all waiting for a property drop ? But, indications do seem to point that it will drop in the coming year or so. |
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Mar 4 2011, 01:37 PM
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Junior Member
528 posts Joined: Oct 2007
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well. new and young grads are hoping for it to drop so they can afford their first house
experienced speculators/investors are hoping for it to increase so they can $$$ huge struggle. well i'm part of the young grads so i'm hoping for it to drop so i can put a roof above my head in the near future. |
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Mar 4 2011, 01:59 PM
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Senior Member
1,853 posts Joined: Oct 2009
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True.
but my question to the speculators is, how they expect the price to increase without considering new comer's pay? Where the increase coming from? Simply from more speculation then. |
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Mar 4 2011, 02:05 PM
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Junior Member
265 posts Joined: Sep 2007
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Err.. there is a topic somewhere here about bubble with graphs showing property appreciate even if crash, but prices won't be cheaper than launch price, so u still pay more in the end.
However, its possibility to grab properties in a crash when : - new launches priced lower because developer giving lower specs + smaller bu - developer open up not so nice locations in their township to sell flats/aprt - 2nd hand completed properties in bad location/condition auctioned - 2nd hand completed properties in good location/condition auctioned due to distressed sellers, but u'll need hard work & a very keen eye to catch them, if at all it is available |
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Mar 4 2011, 03:15 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(dripinrain @ Mar 4 2011, 02:05 PM) Err.. there is a topic somewhere here about bubble with graphs showing property appreciate even if crash, but prices won't be cheaper than launch price, so u still pay more in the end. i think i saw it some where mentioned this is the first time in history of this boleh land that so many new launch mushroom and new launch price jack up by developer a lot so due to huge supply and high price, the future price would up so much not sure how true is this… |
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Mar 4 2011, 06:06 PM
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Senior Member
650 posts Joined: Oct 2009 From: Formerly Perak, now KL
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QUOTE(staticxtreme @ Mar 4 2011, 01:37 PM) well. new and young grads are hoping for it to drop so they can afford their first house In many countries (Singapore, the West etc), most people work for at least a few years before buying their first property. Buying the first property when they are in their early to mid 30s is the norm.experienced speculators/investors are hoping for it to increase so they can $$$ huge struggle. well i'm part of the young grads so i'm hoping for it to drop so i can put a roof above my head in the near future. But here we have fresh grads looking to buy a house, and when they can't afford it (actually they can ..... if they are willing to compromise on their expectations), they blame it all on the "speculators". This tells me Malaysian property is still affordable and prices have room to go up |
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Mar 4 2011, 11:38 PM
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Junior Member
70 posts Joined: Aug 2007
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Actually IMHO, malaysia fresh grads are not looking to buy a house jsut like several die-hard forumer in this thread. Those fresh grads are actually looking forward to buy a new car to drive on road. MYvi myvi Myvi; persona Persona persona. Those are everywhere. I always being told:
1. "Why so early buy house? I'm not going to settle down so soon!" 2. "I just started working, I still don't know where I will settle down later, so why rush?" 3. "I don't have a girlfriend, moreover being a medical specialist and thus a reputable professor in a education hospital is my aim!" |
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Mar 4 2011, 11:44 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(staticxtreme @ Mar 4 2011, 01:37 PM) well. new and young grads are hoping for it to drop so they can afford their first house My view.experienced speculators/investors are hoping for it to increase so they can $$$ huge struggle. well i'm part of the young grads so i'm hoping for it to drop so i can put a roof above my head in the near future. 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. |
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Mar 5 2011, 01:26 AM
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Junior Member
33 posts Joined: Sep 2008
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but 50K or 100K is huge different. maybe 15 - 20%
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Mar 5 2011, 02:17 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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i noticed more and more people are talking about property these days.
even some of my young colleagues (in their mid 20s) are looking for property for investment. from my experience, when there are more and more people jump into a particular investment vehicle, it probably is a good time to run away. however considering many asians do have better saving habit and living within their mean compare to westerners, i wonder if these new buyers will be desperate sell fast or will hold on to it as property is always known as a "always up" investment vehicle in the longer term. This post has been edited by property101: Mar 5 2011, 02:20 AM |
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Mar 5 2011, 03:09 AM
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Junior Member
438 posts Joined: Mar 2005
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QUOTE(cherroy @ Mar 4 2011, 11:44 PM) My view. 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% 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. . |
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Mar 5 2011, 03:14 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(cherroy @ Mar 4 2011, 11:44 PM) My view. 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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Mar 5 2011, 09:05 AM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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when there are so many people are waiting for the property price to drop (and then buy), i wonder if it really does drop, how low can it go..
Added on March 5, 2011, 9:17 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% agree, when a condo priced at 500psf, built up 1000sf, selling at 500k, people (used to) say it is crazy to buy condo at 500k .right now, there are more developers are launching studio / soho, priced at 500psf but build up is 400-500sf, still selling like hot cakes, one unit for less than 250k, still affordable ltv 70% i feel there is only very very mild effect, it is not that gov is stupid, gov just dont want to over kill the market with single strike This post has been edited by property101: Mar 5 2011, 09:19 AM |
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Mar 5 2011, 09:56 PM
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Junior Member
16 posts Joined: Oct 2010 From: Petaling Jaya
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QUOTE(staticxtreme @ Mar 4 2011, 01:37 PM) well. new and young grads are hoping for it to drop so they can afford their first house Not all fresh grads are looking at buying a property. First of all, take me for an example. when I was a fresh grad years back then, I was earning only a 1.8k for a year. I had a pretty good degree,I took up masters, hoping it will jack up my value in the corporate world. But no, look at the income then, it was not possible to get a property against the values property are sold at. experienced speculators/investors are hoping for it to increase so they can $$$ huge struggle. well i'm part of the young grads so i'm hoping for it to drop so i can put a roof above my head in the near future. Only banks/MNCs are willing to pay fresh grads more these days. But how fast and far can the salary go? I've resorted to doing side jobs/parttimes for a better income. And no, property price is very unlikely to drop within the nx few years. If u can afford one now, its best to grab one to secure ur finances/future house before it gets any higher. |
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Mar 5 2011, 10:00 PM
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Senior Member
1,120 posts Joined: May 2006 From: Klang, Serdang, Seri Kembangan,Cheras 
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QUOTE(property101 @ Mar 5 2011, 09:05 AM) when there are so many people are waiting for the property price to drop (and then buy), i wonder if it really does drop, how low can it go.. those who purchase property ended up as bankruptcy.Added on March 5, 2011, 9:17 am agree, when a condo priced at 500psf, built up 1000sf, selling at 500k, people (used to) say it is crazy to buy condo at 500k right now, there are more developers are launching studio / soho, priced at 500psf but build up is 400-500sf, still selling like hot cakes, one unit for less than 250k, still affordable ltv 70% i feel there is only very very mild effect, it is not that gov is stupid, gov just dont want to over kill the market with single strike paying installment more than earning. Is is like a bomb waiting to explode. Just go to AKPK and u know what i am talking about. when ppl buy , they just dont think. |
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Mar 5 2011, 10:23 PM
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Senior Member
2,823 posts Joined: Feb 2005
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my opinion is property price wont drop, coz price drop means economy down. So better gomen do something to increase our pay, so that everyone is capable to get their own home.
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Mar 6 2011, 01:46 AM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(joanalooidog @ Mar 5 2011, 10:23 PM) my opinion is property price wont drop, coz price drop means economy down. So better gomen do something to increase our pay, so that everyone is capable to get their own home. what you think gomen should do to incr your pay to buy the house you want? for sure they are incr just some people's income to buy as many as they want! This post has been edited by AVFAN: Mar 6 2011, 01:49 AM |
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Mar 6 2011, 10:06 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(AVFAN @ Mar 6 2011, 02:46 AM) what you think gomen should do to incr your pay to buy the house you want? This one i agreed. for sure they are incr just some people's income to buy as many as they want! |
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Mar 6 2011, 06:16 PM
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Senior Member
1,549 posts Joined: Nov 2010
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For those who want to buy property, please pull handbrake first. C wat will going to happen on 11/03 & 20/03 of Arab Saudi. If Saudi government cannot handle the case properly....it will possible to cause economic crisis happen again......
http://www.sinchew.com.my/node/195584?tid=2 |
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Mar 6 2011, 07:16 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(22222222 @ Mar 6 2011, 06:16 PM) For those who want to buy property, please pull handbrake first. C wat will going to happen on 11/03 & 20/03 of Arab Saudi. If Saudi government cannot handle the case properly....it will possible to cause economic crisis happen again...... He..he sounds very familiar, when US crisis, some people gave same advise http://www.sinchew.com.my/node/195584?tid=2 |
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Mar 6 2011, 08:58 PM
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Senior Member
1,549 posts Joined: Nov 2010
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QUOTE(UFO-ET @ Mar 6 2011, 07:16 PM) He..he sounds very familiar, when US crisis, some people gave same advise Haha...i am not frighten everyone....since there is the chance to cause the property drop....why not wait 4 few more month to c the trend. Jz a few min ago.....news said BN win the 2 elections.....this will speed up the general election for the country, because gomen will try to avoid uncertain situation...where the oil price will shoot to the history high. As we know after the election, gomen can do many things.....petrol, electric and etc will up....up.....up....somemore dun forget the GST ....coming soon oso.... Added on March 6, 2011, 9:04 pmSorry want to ask is the "gomen" = government ? This post has been edited by 22222222: Mar 6 2011, 09:04 PM |
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Mar 6 2011, 09:22 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i can wati for few months
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Mar 6 2011, 10:22 PM
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Senior Member
2,294 posts Joined: Mar 2009
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玩火自焚。。。
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Mar 7 2011, 01:24 AM
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Junior Member
51 posts Joined: Jan 2011
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Wait = price goes up. Can you afford it?
There's a lot of speculation on when's the right time to buy property. But in actual fact, there is no right time. You got the money, you buy. You don't have so much, don't buy so expensive. Can't afford, buy cheaper or further. Don't buy at all, forever don't have. Always at the side lines giving comments. I don't think property price is dropping at all. Sure, it might stabilize after a while, you might have more choices with your monnies available, but it will not drop. |
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Mar 7 2011, 08:20 AM
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Senior Member
2,294 posts Joined: Mar 2009
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alert, pls hold as for buyer and seller in this few months, seller felt difficult to sell & buyer felt difficult to buy.
thing will change suddenly after this few months. |
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Mar 7 2011, 08:36 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(sampool @ Mar 7 2011, 08:20 AM) alert, pls hold as for buyer and seller in this few months, seller felt difficult to sell & buyer felt difficult to buy. really?thing will change suddenly after this few months. i am aiming one very tempting subsale now... oh my goodness shud i wait? but worry grab by other buyer... This post has been edited by chubbyken: Mar 7 2011, 08:38 AM |
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Mar 7 2011, 09:09 AM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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do you guys ever seen any pj, kl, puchong, kepong... area's property prices go down if you compare the trend of a property from 1997 to now (which crosses 2 major economy crisis) ?? I do agree property around klang valley has been speculated but doesnt this happens everday since decades ago??? ^^
someone make very important statement which is : if you own properties, just ensure you are not exceed your income (business, part time, salary, rental...etc) which after deduction of expenses... cheers |
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Mar 7 2011, 09:38 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(chubbyken @ Mar 7 2011, 08:36 AM) really? since u're very tempted to get that subsale + u like it alot..i am aiming one very tempting subsale now... oh my goodness shud i wait? but worry grab by other buyer... if u can afford it.. u can go and buy that subsale for ownstay shud be fine i think.. eg : if it reli drop, also doesn't matter with u.. cus u can afford it for monthly installment.. after few years the price will be higher back.. not to worry.. unlike most of us here.. if it drop.. it differs alot for us for the monthly repayment.. so we can oni wait.. |
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Mar 7 2011, 09:49 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(CKHong @ Mar 7 2011, 09:38 AM) unlike most of us here.. if it drop.. it differs alot for us for the monthly repayment.. so we can oni wait.. hahau tot i am rich like those investors / speculators here meh? i also a salary earner only and also doing part time jobzzzzz if price really drop then i rugi my hard earn $$$, which earn with sweat and blood...  |
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Mar 7 2011, 10:02 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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hmm.. then maybe u can decide to wait..
just tat if it never drop.. then dun blame us yea.. for me.. if it never drop and keep on go Up up up.. i will change my dreamhouse from condo to apartment anyway.. i hope it'll drop.. T_T |
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Mar 7 2011, 10:29 AM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(CKHong @ Mar 7 2011, 10:02 AM) hmm.. then maybe u can decide to wait.. Yep, I have also always said, if it's for your own stay and you can afford it, go ahead too.just tat if it never drop.. then dun blame us yea.. well, but if anyone bought it for "investment" and the price does drop, you know who to blame. This post has been edited by TheDoer: Mar 7 2011, 10:29 AM |
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Mar 7 2011, 10:37 AM
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Senior Member
1,549 posts Joined: Nov 2010
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QUOTE(chubbyken @ Mar 7 2011, 09:49 AM) haha Haha......since the property start to move since mid 2009 until end 2010, major of KV property already up 30 to 70%. I think this few months will be stagnant stage.u tot i am rich like those investors / speculators here meh? i also a salary earner only and also doing part time jobzzzzz if price really drop then i rugi my hard earn $$$, which earn with sweat and blood... Normally the market needed sometime to adsorb the high price, before go to another high. As long as no buyer to follow the high price who set by speculators....the price will remain in stagnant until some buyers make transaction on the high price and price will continue to move. Actually, the market price is not decided by seller......eventually is buyer him/herself. When we are scolded all speculators, better ask yourself first lah. Since it is fall to stagnant stage, wat 4 not wait 4 few more month....maybe the magic of "Arab Saudi" will help u save 10-20% of your money...neh jz blak-blak only.... |
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Mar 7 2011, 10:58 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(22222222 @ Mar 7 2011, 10:37 AM) Haha......since the property start to move since mid 2009 until end 2010, major of KV property already up 30 to 70%. I think this few months will be stagnant stage. hehe.. agreed.. actually the power of buyer is more if compared to seller..Normally the market needed sometime to adsorb the high price, before go to another high. As long as no buyer to follow the high price who set by speculators....the price will remain in stagnant until some buyers make transaction on the high price and price will continue to move. Actually, the market price is not decided by seller......eventually is buyer him/herself. When we are scolded all speculators, better ask yourself first lah. Since it is fall to stagnant stage, wat 4 not wait 4 few more month....maybe the magic of "Arab Saudi" will help u save 10-20% of your money...neh jz blak-blak only.... if no ppl buy.. investor / speculator kenot tahan the monthly installment... then.. problem now is that speculator jack up the price.. got buyers.. jackup again.. got buyers again !! jack up gao gao !! then wait for water fish (shui yu) |
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Mar 7 2011, 11:06 AM
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Junior Member
51 posts Joined: Jan 2011
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QUOTE(chubbyken @ Mar 7 2011, 08:36 AM) really? If you can afford it , don't wait anymore. Go for it. i am aiming one very tempting subsale now... oh my goodness shud i wait? but worry grab by other buyer... Prices will only be UP, not DOWN. I have a friend, who wanted to buy his 1st property 3 years back. He has many comments on how property market should be, how big should his house be, how much money he should be able to make. Searching for 3 years, seeing hundred of houses, he still doesnt have one. All the while, his budget remains the same, but his choices are much lesser now. 3 years back he could probably buy a condo in PJ. Now he can only buy a studio unit in PJ. I also have another friend, who bought an 18 X 65 house in wawasan 1 puchong 3 years back. Sure the house is so small, but he never complained. He just bought whatever he can afford , at a location which fits his budget. Now he recently just upgraded to a Bandar Puteri 10 house. So my conclusion is.. say whatever you want. But as long as you dont step foot in the market, all is emptiness. You got nothing. Good luck to all house hunters out there! |
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Mar 7 2011, 11:12 AM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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QUOTE(Wengsoo @ Mar 7 2011, 11:06 AM) If you can afford it , don't wait anymore. Go for it. Good comments man! this is exactly the point ! haha....definately if your budget is limited, try to look for a safer investment propertiues (such as near to LRT, completely builded, well maintained), size is not exactly the first thing comes unless you are loaded now and would like to find a big place to settle a big family...still, buy the shoe where it fit your feet size! Prices will only be UP, not DOWN. I have a friend, who wanted to buy his 1st property 3 years back. He has many comments on how property market should be, how big should his house be, how much money he should be able to make. Searching for 3 years, seeing hundred of houses, he still doesnt have one. All the while, his budget remains the same, but his choices are much lesser now. 3 years back he could probably buy a condo in PJ. Now he can only buy a studio unit in PJ. I also have another friend, who bought an 18 X 65 house in wawasan 1 puchong 3 years back. Sure the house is so small, but he never complained. He just bought whatever he can afford , at a location which fits his budget. Now he recently just upgraded to a Bandar Puteri 10 house. So my conclusion is.. say whatever you want. But as long as you dont step foot in the market, all is emptiness. You got nothing. Good luck to all house hunters out there! cheers |
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Mar 7 2011, 11:45 AM
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Junior Member
59 posts Joined: Oct 2005
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QUOTE(Wengsoo @ Mar 7 2011, 11:06 AM) If you can afford it , don't wait anymore. Go for it. Easy for u to said, cos is not your money.Prices will only be UP, not DOWN. I have a friend, who wanted to buy his 1st property 3 years back. He has many comments on how property market should be, how big should his house be, how much money he should be able to make. Searching for 3 years, seeing hundred of houses, he still doesnt have one. All the while, his budget remains the same, but his choices are much lesser now. 3 years back he could probably buy a condo in PJ. Now he can only buy a studio unit in PJ. I also have another friend, who bought an 18 X 65 house in wawasan 1 puchong 3 years back. Sure the house is so small, but he never complained. He just bought whatever he can afford , at a location which fits his budget. Now he recently just upgraded to a Bandar Puteri 10 house. So my conclusion is.. say whatever you want. But as long as you dont step foot in the market, all is emptiness. You got nothing. Good luck to all house hunters out there! |
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Mar 7 2011, 11:47 AM
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Senior Member
1,853 posts Joined: Oct 2009
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BBBBBBBB!!!
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Mar 7 2011, 11:54 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(darius30 @ Mar 7 2011, 11:45 AM) Easy for u to said, cos is not your money. |
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Mar 7 2011, 12:29 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(darius30 @ Mar 7 2011, 11:45 AM) Easy for u to said, cos is not your money. |
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Mar 7 2011, 12:35 PM
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Junior Member
51 posts Joined: Jan 2011
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QUOTE(darius30 @ Mar 7 2011, 11:45 AM) Easy for u to said, cos is not your money. Then continue waiting for the 'good stuff'. Good luck! |
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Mar 7 2011, 01:06 PM
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Junior Member
265 posts Joined: Sep 2007
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Buffett says .. “A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender -- often protected by a government guarantee -- facilitates his fantasy,” Buffett wrote. “Our country’s social goal should not be to put families into the house of their dreams, but rather to put them into a house they can afford.”
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Mar 7 2011, 01:26 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(dripinrain @ Mar 7 2011, 01:06 PM) Buffett says .. “A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender -- often protected by a government guarantee -- facilitates his fantasy,” Buffett wrote. “Our country’s social goal should not be to put families into the house of their dreams, but rather to put them into a house they can afford.” I think buffett's last phrase needs to be refined.It's one thing to put families into the house of their dreams, it is another to put speculators into the investment of their dreams. $.$ |
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Mar 7 2011, 01:30 PM
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Junior Member
66 posts Joined: Jan 2010
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why nobody ask who are the buyers that cause the "hot market" now ?
do u guys really think is malaysians themselves mock up the market price? or actually the BIG BIG percentage of buyers are foreigners? The malaysia policy doesn't protect their own people. there is no limitation for foreigners to own malaysia's property. we have a "clever" government, who neglect our malaysian income and ability. now a 700sf condo+ can cost 300k++ ?? siao eh!!! if majority owners are foreigners, when economic crisis, Dubai might be the best reference. collapse or not.. we won't know This post has been edited by totila: Mar 7 2011, 01:37 PM |
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Mar 7 2011, 01:39 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(totila @ Mar 7 2011, 01:30 PM) why nobody ask who are the buyers that cause the "hot market" now ? You know we have this funny way of looking at the economy. We are engrossed with making it pick up, without considering what we put into it.do u guys really think is malaysians themselves mock up the market price? or actually the BIG BIG percentage of buyers are foreigners? The malaysia policy doesn't protect their own people. there is no limited for foreigners to own malaysia's property. we have a "clever" government, who neglect our malaysian income and ability. now a 700psf+ can cost 300k++ ?? siao eh!!! Sometimes it's nothing but hot air. An economy expanded with hot air eventually pops. I'm going to open a new thread for this. http://forum.lowyat.net/index.php?act=ST&f=153&t=1781776 This post has been edited by TheDoer: Mar 7 2011, 01:48 PM |
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Mar 7 2011, 02:11 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(TheDoer @ Mar 7 2011, 01:39 PM) You know we have this funny way of looking at the economy. We are engrossed with making it pick up, without considering what we put into it. open already notify here or pm me.. i wanna join Sometimes it's nothing but hot air. An economy expanded with hot air eventually pops. I'm going to open a new thread for this. http://forum.lowyat.net/index.php?act=ST&f=153&t=1781776 |
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Mar 7 2011, 02:36 PM
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Junior Member
240 posts Joined: Jan 2003 From: Petaling Jaya
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As posted in another forum:
For those of you who think that property prices can only go up, you are gravely mistaken. I was just reading up on the UK property market and came across this website: http://www.marketoracle.co.uk/Article10506.html I quote: " Japan's house prices peaked in 1991 and 18 years later still stand an average 60% below their peak. Whilst I am not saying that Britain's house prices could replicate Japans housing crisis some 18 years from now, however the Japanese experience does illustrate that house prices are NOT a one way bet, even on a long-term basis where house prices could enter a prolonged downturn for a decade especially given the current extreme deflationary environment. "  I foresee the same situation coming to Malaysia sooner or later especially even when a country as disciplined as Japan failed to avoid it. http://en.wikipedia.org/wiki/Japanese_asset_price_bubble I quote: " Prices were highest in Tokyo's Ginza district in 1989, with choice properties fetching over 100 million yen (approximately $1 million US dollars) per square meter ($93,000 per square foot). Prices were only marginally less in other large business districts of Tokyo. By 2004, prime "A" property in Tokyo's financial districts had slumped to less than 1 percent of its peak, and Tokyo's residential homes were less than a tenth of their peak, but still managed to be listed as the most expensive in the world until being surpassed in the late 2000s by Moscow and other cities. Tens of trillions of dollars worth were wiped out with the combined collapse of the Tokyo stock and real estate markets. Only in 2007 had property prices begun to rise; however, they began to fall in late 2008 due to the financial crisis. " |
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Mar 7 2011, 02:41 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(sherman @ Mar 7 2011, 02:36 PM) As posted in another forum: but some dear forumers will argue:For those of you who think that property prices can only go up, you are gravely mistaken. I foresee the same situation coming to Malaysia sooner or later especially even when a country as disciplined as Japan failed to avoid it. msia is not same with other countries... our RE price is very low compared to hongkong, singap, shanghai... never in history our RE price drop...  This post has been edited by chubbyken: Mar 7 2011, 02:42 PM |
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Mar 7 2011, 03:04 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(chubbyken @ Mar 7 2011, 03:41 PM) but some dear forumers will argue: we cannot base on the chart to decide the prop value in malaysia, but 10%-20% crash from current peak in malaysia shuld be OK, and won't affect malaysia economy grow and become high income nation and at the same time achieve vision2020.msia is not same with other countries... our RE price is very low compared to hongkong, singap, shanghai... never in history our RE price drop... Yes, the chart is only applicable if the current prop up another 10%-20% from current peak. This post has been edited by sampool: Mar 7 2011, 03:19 PM |
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Mar 7 2011, 03:27 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(chubbyken @ Mar 7 2011, 02:41 PM) but some dear forumers will argue: msia is not same with other countries... our RE price is very low compared to hongkong, singap, shanghai... never in history our RE price drop... my is always different, incl what is a good std of education and low crime rates. so, when it pop, it may pop very loud and very long. QUOTE(TheDoer @ Mar 7 2011, 01:39 PM) You know we have this funny way of looking at the economy. We are engrossed with making it pick up, without considering what we put into it. Sometimes it's nothing but hot air. An economy expanded with hot air eventually pops. yep, if home prices go up another 30% in the next 3 years, the bulk of the popn can only afford to eat rm2-3 nasi lemak or at best rm3-4 chicken rice or charkoayteow which by then will berm 4-5 and rm6-7. say byebye to RM15 burgers and pizzas. except the rich and successful speculators. seriously, watch out for food prices as the world food picture is pretty grim: QUOTE (Reuters) - Global food prices hit a record high in February, the United Nations said Thursday, warning that further oil price spikes and stockpiling by importers keen to head off unrest would hit already volatile cereal markets. http://www.reuters.com/article/2011/03/03/...E72223C20110303 http://biz.thestar.com.my/news/story.asp?f...84&sec=business |
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Mar 7 2011, 05:42 PM
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Senior Member
1,946 posts Joined: Aug 2009
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Yen has appreciated about 3x since 1986. pls see http://en.wikipedia.org/wiki/Japanese_yen
the graph is very similar to above prop chart, from 220 to 80.....matched USD/Yen trend.. there is some delay effect abt 5 years from 1985-1989... USD/Yen and prop price how the above can apply to RM which has yoyo from 2.5 to 3.8 and now 3 ? 2.5 to 3.8 (RM depreciate 50%) - 1997 3.8 to 3 (RM appreciate 30%) - 2007 to 2011 2.5 to now 3 (net depreciate 20%) - 1997- 2011 any delay effects from turning points 2007, 1997? pls discuz. |
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Mar 7 2011, 06:11 PM
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Junior Member
66 posts Joined: Jan 2010
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dun worry.. 2012 is the end of the world. haha~
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Mar 7 2011, 06:17 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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haha.. we shud buy air ticket fly to africa.. from the movie it stated that place didnt shift much rite?
but dun go libya ... |
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Mar 7 2011, 06:43 PM
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Junior Member
66 posts Joined: Jan 2010
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maybe now u can start buying libya property, who knows 20 years later they are develop like europe leh, all the develop country also start with tough time like europe old time.. (if 20 years later the world haven end yet la.)
sorry.. out of the topic.. haha~ This post has been edited by totila: Mar 7 2011, 06:44 PM |
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Mar 7 2011, 09:41 PM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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Jom libya!!!
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Mar 7 2011, 10:40 PM
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Junior Member
411 posts Joined: Aug 2010
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If one could not afford to buy property when oil price were below $100 per barrel, I would say it would be very difficult to afford one when it reaches $250. By that time, looking for new job would become very difficult and yearly increment would be below average if there is any.
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Mar 8 2011, 09:02 AM
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Senior Member
2,354 posts Joined: Feb 2005 From: Subang Jaya 
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Mar 8 2011, 10:26 AM
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Senior Member
1,590 posts Joined: Nov 2006
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QUOTE(arsenal @ Mar 8 2011, 09:02 AM) “We think it's too early to raise interest rates. However, Bank Negara may look at other administrative measures to maintain inflation, such as raising the SRR,” he told StarBiz yesterday. “There is a 50:50 chance of that going up, perhaps by 1% (to 2%).”very good move by BNM if they raise the srr...this will avoid bank from giving bad loans which lead to subprime crisis in the US at the 1st place for the people who really wish the property price to drop, pls think again what u wish for seriously we dun wan subprime crisis to happen here, it wont affect properties price only it will affect everything |
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Mar 8 2011, 10:29 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(arsenal @ Mar 8 2011, 09:02 AM) QUOTE they believe that there is a 50:50 chance that there could be a 1% hike in the statutory reserve requirement (SRR)statutory reserve requirement. what is SRR actually ? sorry very very noob here.. they say they believe only.. its not confirmed yet.. u sound like they are very sure that it will be maintained.. This post has been edited by CKHong: Mar 8 2011, 10:31 AM |
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Mar 8 2011, 01:12 PM
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Junior Member
35 posts Joined: Mar 2011
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I would say in Japan the prices had reached a level much higher then the cost of construction... that is why it is at current levels in relation to cost...our current property prices are partly due to speculation...
Buyers/Investors should be smart and apply a bench mark and not just accept what the market offer... developers are all going highend bcos they can charge premium prices...and buyer are supporting such high prices...which are going to be like Japan in 1981. Just my bench mark:- in year 2000 price of land leasehold rm35 psf...now rm80-120psf. it is reasonable if u factor in the landscape, roads, etc, provided by the housing scheme. for building in 2000 , rm 80-150psf...now rm200-280psf...and material n labour cost only up 20-30%. this indicate that the prices are at a high premium for developers.. and they are making a killing... so when the buying stops the killing stops... |
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Mar 8 2011, 01:17 PM
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Junior Member
31 posts Joined: Feb 2009
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QUOTE(CKHong @ Mar 8 2011, 10:29 AM) what is SRR actually ? sorry very very noob here.. SRR mean Statutory Researve Requirement - to control liquidity and credit in the market .. current SRR is 1% .. normal time is around 3-4 %... increase in SRR by 1% will reduce liquidity in the market by 7 to 8 Billion RM...they say they believe only.. its not confirmed yet.. u sound like they are very sure that it will be maintained.. one of the tool of central bank to control inflation and other stuff... Reference: http://biz.thestar.com.my/news/story.asp?f...1&if_height=494 This post has been edited by jib3000: Mar 8 2011, 01:19 PM |
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Mar 8 2011, 01:21 PM
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Junior Member
35 posts Joined: Mar 2011
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QUOTE(chubbyken @ Mar 7 2011, 08:36 AM) really? use your judgement ..... if u can afford it and have saving i am aiming one very tempting subsale now... oh my goodness shud i wait? but worry grab by other buyer... in event of downturn . prices will always go up cos of inflation..but when u buy expensive it will take longer for actual infaltion to catch-up..so property appreciation will take longer. Added on March 8, 2011, 1:27 pm1 Malaysia .....mah U all "chap sang" lah... who getting the alll the goodies....starting 5% This post has been edited by IMHO: Mar 8 2011, 01:27 PM |
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Mar 8 2011, 02:04 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(jib3000 @ Mar 8 2011, 01:17 PM) SRR mean Statutory Researve Requirement - to control liquidity and credit in the market .. current SRR is 1% .. normal time is around 3-4 %... increase in SRR by 1% will reduce liquidity in the market by 7 to 8 Billion RM... OOT. This will reduce the money supply. But will it really reduce inflation?one of the tool of central bank to control inflation and other stuff... Reference: http://biz.thestar.com.my/news/story.asp?f...1&if_height=494 I mean, even if cash is hard to come by, and the mamak, uses the same excuse that sugar naik, and increase his prices, and every other sectors followed. Then it would appear that inflation isn't effected, instead the lack money in the system will cause bank negara to print more money or reduce the SRR again? I donno. Just asking. |
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Mar 8 2011, 04:35 PM
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Junior Member
192 posts Joined: Sep 2009
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QUOTE(Pai @ Feb 22 2011, 02:36 PM) 1st QUARTER 2011 PROPERTY BAROMETER oh come on Pai, what else is Iproperty going to print for MY! Their whole existence depends on an active RE market for these regions! Agents, Developers, Banks & Speculators included fueled by government aggressiveness. I'm sure your RE analyst sources list these guys at the bottom of the reality chart! There's a long line of these guys with still enough hot air to get this bubble fueled for another 6 months. Posted Date: Feb 18, 2011 By: iProperty.com NEW YORK New York City’s housing market nished 2010 with a 10% increase in sales prices over the last 3 months of the year. According to the Real Estate Board of New York, Manhattan saw the highest prices and the biggest surges, with average prices increasing 13% during Q4 2010 to US$1.45 million. Nouriel Roubini and John R. Taylor, known as the "Dr. Dooms" of nance, and John Paulson, the hedge fund manager who made hugely successful bets on when the housing bubble would burst, are some of the Wall Street heavyweights who have recently purchased New York residential property. This is perhaps the most positive sign for the Manhattan property market since the nancial crisis and we expect prices will continue to increase during 2011. KUALA LUMPUR Malaysia had a very strong year during 2010. The implementation of two economic stimulus packages, allied with the encouraging performance of the manufacturing and services sectors, which both expanded by 7.5% and 5.4% respectively during Q3 2010, led to an estimated GDP growth of 6.5% during 2010. The Malaysian Ringgit, the best Asian emerging market currency in 2010, is expected to continue its strong performance in 2011 with a 4.7% gain, after its 12% appreciation last year. We expect the Kuala Lumpur property market to remain stable during 2011 and estimate growth levels of 5% on the back of increasing transaction volumes during 2010 and an ambitious economic transformation program. According to the World Economic Forum, Malaysia was the only emerging market to enter the top 20 list of countries in the world’s fi nancial development index. LONDON The London property market is expected to continue a similar pattern to 2010. Supply of new housing is expected to remain limited as funding for construction remains tight and mortgage lenders continue to favour the equity-rich. London’s lack of real estate stock, along with local buyers’ di culty securing nancing, is expected to continue to spur London’s rental markets. Rents performed well in 2010, rising by 16% and this trend is expected to continue in 2011. What has been key to the UK market is the low interest rates; the UK base rate remained at 0.50% after the Bank of England’s January meeting; however economists expect it to rise to 1% later in the year. Even with this increase, interest rates would still be at a historic low; interest rates averaged 5.18% from 1997 to 2007. IP Global does not see a particularly steep recovery, but with low interest rates and high rental yields the UK will still o er strong value over the next 12 to 18 months. CHINA China's Economic Forecasting Institute has estimated that during 2011 the country’s GDP will expand by 9.8% with in ation forecast to average 3.7% for the year. In ation is expected to reach its highest level in Q1 2010 as a result of rising commodity prices and salaries. China’s central bank has raised interest rates twice since October 2010 to curb the country’s rampant growth and has also recently announced property purchase limitations for second and third-tier cities as a result of property prices still increasing by 0.3% during December to end 6.4% higher y-o-y. The level of restrictions now faced by property investors and the likelihood of more during 2011 gives IP Global the view that investment elsewhere in a less speculative market will o er investors more security. DUBAI Recent data has highlighted that Dubai house prices are almost 60% below their peak levels. According to Reuters, this is set to drop further by 5% during 2011, as new units are released onto the market, therefore increasing supply. With rents in the city decreasing, interest rates still high and service charges in ated, many buyers are expected to wait and review the Dubai market later in 2011. GREECE The outlook for Greece continues to look bleak. The Euro currency continues to struggle and Greece’s debt levels remain high at 140% of their GDP. Desperate to raise funds, Greece o ered 6000 of their Islands for sale in 2010, which were previously o -limits to citizens and foreigners. Greece only just avoided the danger of default by securing a multi-billion Euro rescue package from the EU and International Monetary Fund (IMF) over a three-year period, agreeing to painful austerity measures and reforms. Greece’s economy is expected to contract by 3% this year and whilst their economy continues to de ate, IP Global does not suggest investment in this market. What they didnt print in comparison is the unaffordability factor listing MY close to global worst along with debt to income ratios around 145% in the top 3 in the world. Oh but wait a minute, those are just true measurables! MY is different! Mongolia is the new Dubai! |
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Mar 8 2011, 05:30 PM
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Senior Member
1,010 posts Joined: Jan 2011
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QUOTE(Iceman74 @ Mar 3 2011, 09:33 PM) that why freehold have the advantage, not to mention the bank will loan you anytime with freehold title but not leasehold & the appreciation difference between them. There are also the type of owners living condition difference between freehold taman & leasehold taman. You mean like the difference between people livin in Kepong Baru (freehold) 30+ years old house with small congested roads & Lake Edge (leasehold) new classy place? Cannot simply say leasehold area worse off than freehold. Many other things to consider. Entire Sunway, Kota Damansara & Tropicana is also leasehold. |
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Mar 8 2011, 07:53 PM
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1,590 posts Joined: Nov 2006
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Mar 8 2011, 08:36 PM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(epie @ Mar 8 2011, 07:53 PM) anyone would like to share what effect would it bring to our property market? |
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Mar 8 2011, 09:55 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(epie @ Mar 8 2011, 07:53 PM) Only for price between Rm100K to RM220kQUOTE(property101 @ Mar 8 2011, 08:36 PM) anyone would like to share what effect would it bring to our property market? Little on overall, except properties below Rm220k may be snapped up by speculators. For prime area, or any prime adjacent, I can't see any property with RM250K below. This post has been edited by cherroy: Mar 8 2011, 09:56 PM |
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Mar 8 2011, 10:01 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(cherroy @ Mar 8 2011, 10:55 PM) Only for price between Rm100K to RM220k the news is for those stay outside of KV, penang & JB. Little on overall, except properties below Rm220k may be snapped up by speculators. For prime area, or any prime adjacent, I can't see any property with RM250K below. |
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Mar 8 2011, 10:05 PM
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Senior Member
1,549 posts Joined: Nov 2010
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QUOTE(cherroy @ Mar 8 2011, 09:55 PM) Only for price between Rm100K to RM220k There are a lot of house/apartment at many state still below 220k.....Little on overall, except properties below Rm220k may be snapped up by speculators. For prime area, or any prime adjacent, I can't see any property with RM250K below. This program is not 4 us who stay in KV or Penang or JB. |
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Mar 8 2011, 10:18 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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ah chehhh.. i tot they change the maximum limit
i tot the 100% for below 220k... already said last time liao ?? ohh.. now onli they start implement oh.. dam useless... hardly can find 220k and below props... but will good for those who live in kampung maybe gomen trying to push kampung ppl to get more house ? |
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Mar 8 2011, 11:17 PM
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Senior Member
3,589 posts Joined: Mar 2005 From: Bolehland
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QUOTE(sampool @ Mar 8 2011, 10:01 PM) the news is for those stay outside of KV, penang & JB. penang below 250k? |
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Mar 9 2011, 12:50 AM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(cherroy @ Mar 8 2011, 09:55 PM) Only for price between Rm100K to RM220k Just great. Little on overall, except properties below Rm220k may be snapped up by speculators. Now even the "aim lower" houses are going up. This post has been edited by TheDoer: Mar 9 2011, 12:52 AM |
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Mar 9 2011, 12:58 AM
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Junior Member
138 posts Joined: Jul 2005
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QUOTE(epie @ Mar 8 2011, 07:53 PM) freddie mac and fannie mae in the making... |
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Mar 9 2011, 09:25 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE Malaysia's household debt rose at a rapid rate of 11.1% per annum from 2004 to 2009, and from RM516.6bil at end-2009, it climbed by 8.4% to RM560.1bil as at end-August 2010, said CIMB Research. more infoThe household debt to gross domestic product (GDP) ratio increased from 66.7% in 2004 to 76% in 2009 but is estimated to ease to 74.6% at end-2010. The rapid growth of household borrowings is causing some worries that the excessive leveraging by households may make the economy and financial sector more vulnerable to instability and crisis. http://biz.thestar.com.my/news/story.asp?f...12&sec=business |
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Mar 9 2011, 10:37 AM
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Junior Member
31 posts Joined: Feb 2009
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QUOTE(TheDoer @ Mar 8 2011, 02:04 PM) OOT. This will reduce the money supply. But will it really reduce inflation? im not sure whether it wil work or not .. but in jan & feb, China increase the OPR & SRR to reduce the inflation and to cool down the hot property market overthere.. its also instructed a few banks to be more selective in providing loans to consumer ... to control property price from going up...I mean, even if cash is hard to come by, and the mamak, uses the same excuse that sugar naik, and increase his prices, and every other sectors followed. Then it would appear that inflation isn't effected, instead the lack money in the system will cause bank negara to print more money or reduce the SRR again? I donno. Just asking. |
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Mar 9 2011, 10:59 AM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(IMHO @ Mar 8 2011, 01:12 PM) I would say in Japan the prices had reached a level much higher then the cost of construction... that is why it is at current levels in relation to cost...our current property prices are partly due to speculation... maybe now developers have to feed more $$ to the corrupted officials vs those old days. seems bribes also inflation oso coz need more $ to show off their posh lifestyle mah. look at the bali styled khir and zakaria mansions!! these are just tips of the iceberg!!Buyers/Investors should be smart and apply a bench mark and not just accept what the market offer... developers are all going highend bcos they can charge premium prices...and buyer are supporting such high prices...which are going to be like Japan in 1981. Just my bench mark:- in year 2000 price of land leasehold rm35 psf...now rm80-120psf. it is reasonable if u factor in the landscape, roads, etc, provided by the housing scheme. for building in 2000 , rm 80-150psf...now rm200-280psf...and material n labour cost only up 20-30%. this indicate that the prices are at a high premium for developers.. and they are making a killing... so when the buying stops the killing stops... i oso heard some developers need to build school, masjid, flyover, bridge, widen the main or access road etc for the govt. |
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Mar 9 2011, 01:50 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(CKHong @ Mar 9 2011, 09:25 AM) this is actuali v impt, an indication of the "bubble", not the 1st time this data is made public, but the upupup people will ignore it.QUOTE Certainly, rising property prices have fanned an increase in borrowings. The share of household loans to total bank loans rose from 35.2% in 2000 to 55.5% as at end-August 2010. Mortgage debt accounts for 48.5% of total household loans currently. High levels of household debt may also constrain the effectiveness of monetary policy as it heightens the sensitivity of households' behaviour to changes in interest rates,” he added  |
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Mar 9 2011, 03:43 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(thk38 @ Mar 9 2011, 12:58 AM) freddie mac and fannie mae in the making... Ya, have the same feeling... |
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Mar 9 2011, 03:43 PM
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Junior Member
31 posts Joined: Feb 2009
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QUOTE(epie @ Mar 8 2011, 07:53 PM) i think it also hard for them to buy house since most of people nowdays got personal loan and credit card debt to service... in addition to car loan and education loan.. |
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Mar 9 2011, 03:47 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(sampool @ Mar 8 2011, 10:01 PM) the news is for those stay outside of KV, penang & JB. Out of prime area, properties price is not escalating as in prime area.My family members try to sell a corner terrace house in mainland Butterworth area, roughly 300K also little people interested and hard to find buyers. They bought 200k+ decade ago, now only 300k, where got make money? if view it from investment pov. But just over the sea, at Penang island, a 20 x 60 terrace house can fetch 700-800k. |
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Mar 9 2011, 05:04 PM
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Senior Member
1,946 posts Joined: Aug 2009
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for landed prop, it is difficult to rent out if it is out of town. so they normally refused to invest. at least they can have some rental to cover their monthly installment.
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Mar 10 2011, 08:15 AM
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Junior Member
35 posts Joined: Mar 2011
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household loans go up up up
maybe due to gov clamp down on "loan sharks" and easy to get advance from banks.. This post has been edited by IMHO: Mar 10 2011, 08:17 AM |
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Mar 10 2011, 09:23 AM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(cherroy @ Mar 9 2011, 03:47 PM) Out of prime area, properties price is not escalating as in prime area. "scarcity in land"My family members try to sell a corner terrace house in mainland Butterworth area, roughly 300K also little people interested and hard to find buyers. They bought 200k+ decade ago, now only 300k, where got make money? if view it from investment pov. But just over the sea, at Penang island, a 20 x 60 terrace house can fetch 700-800k. |
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Mar 10 2011, 11:14 AM
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Junior Member
192 posts Joined: Sep 2009
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QUOTE(cherroy @ Mar 8 2011, 09:55 PM) Only for price between Rm100K to RM220k Government enabling the everyone the in the pool scenario! You know what this means do you?Little on overall, except properties below Rm220k may be snapped up by speculators. For prime area, or any prime adjacent, I can't see any property with RM250K below. Consolidation Bubble Forming! Freddie Fanny stuff. The bank always wins! |
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Mar 10 2011, 11:24 AM
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Senior Member
737 posts Joined: Dec 2007
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Now, no matter rich or poor, all got yourselves tide up with property loan. I can smell subprime is in the cooking.
let the bubble blow, bank got into trouble and then government come into rescue. This post has been edited by KLsooner: Mar 10 2011, 11:26 AM |
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Mar 10 2011, 02:07 PM
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Junior Member
460 posts Joined: Oct 2008
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QUOTE KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) expects property prices to increase up to 20% in the next six months. Its president Datuk Michael Yam said on Thursday, Mar 10 the general increase in prices would be due to higher building material and land costs. Material costs increase by 5% to 10% annually. Bad news |
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Mar 10 2011, 02:23 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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OMG !!
increase again !! malaysian citizen will have to rent house for the rest of their lives.. high income nation need to sacrifice 90% of malaysians... after 6 month.. if reli increase 20%.. i dun think got many malaysian buy those props lur.. all props need to sell to foreigners.. then foreigner will help us push our economy.. if reli up 20% in 6 month then i straight buy a flat which will cost me 300k .. or maybe i just get a double storey house in my kampung better.. hmm.. higher land cost.. izzit gomen too poor until have to sell those land pricey ? they going to increase amanah saham rite ? forgot where i read that b4.. our gomen veli cham.. This post has been edited by CKHong: Mar 10 2011, 02:27 PM |
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Mar 10 2011, 03:06 PM
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Junior Member
173 posts Joined: Jun 2006
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QUOTE(CKHong @ Mar 10 2011, 02:23 PM) OMG !! haha of course increase...The Real Estate and Housing Developers' Association Malaysia (Rehda) will tell us property price going down in future? of course they won't... property developers want to increase price sure got excuses... raw material/land costs/living expenses/not enough profit/not enough racing cars/etc... until government do something on policy or market really can't sustain (maybe household debt 150/200%?) else you won't see it drop...increase again !! malaysian citizen will have to rent house for the rest of their lives.. high income nation need to sacrifice 90% of malaysians... after 6 month.. if reli increase 20%.. i dun think got many malaysian buy those props lur.. all props need to sell to foreigners.. then foreigner will help us push our economy.. if reli up 20% in 6 month then i straight buy a flat which will cost me 300k .. or maybe i just get a double storey house in my kampung better.. hmm.. higher land cost.. izzit gomen too poor until have to sell those land pricey ? they going to increase amanah saham rite ? forgot where i read that b4.. our gomen veli cham.. |
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Mar 10 2011, 04:06 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(noproblem @ Mar 10 2011, 03:06 PM) haha of course increase...The Real Estate and Housing Developers' Association Malaysia (Rehda) will tell us property price going down in future? of course they won't... property developers want to increase price sure got excuses... raw material/land costs/living expenses/not enough profit/not enough racing cars/etc... until government do something on policy or market really can't sustain (maybe household debt 150/200%?) else you won't see it drop... LOL... 200% household debt..maybe by that time.. there will be another thread title is " what is the best way to suicide " 20% of malaysian population straight decrease.. |
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Mar 10 2011, 04:17 PM
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Junior Member
232 posts Joined: Apr 2007
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so now d prime area is as high as RM1xxxpsf?
how are we gonna buy house for own stay? |
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Mar 10 2011, 04:21 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(CKHong @ Mar 10 2011, 04:06 PM) LOL... 200% household debt.. hahaha maybe by that time.. there will be another thread title is " what is the best way to suicide " 20% of malaysian population straight decrease.. True. |
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Mar 10 2011, 04:44 PM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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next month will burst
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Mar 10 2011, 04:55 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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won't be so fast..
we need petrol to increase price.. will be in this few week i guess.. cus najis baru say .. need to spend 4 billion on subsidy... if the fuel price not adjusted.. he's trying to tell the rakyat " be prepare !! " he neva think of... fuel price increase.. petronas fuel also will increase the price rite ? untung more already.. i hope petrol RON95 increase till RM2.5 tat time we can expect buble to burst.. after few months.. everything increase.. developer will say "ahhh.. we need more cost to transport stuff to build the house ... props expect to increase another 20% " |
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Mar 10 2011, 05:12 PM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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then give them 1 year ba.... but it is really surprises that nowadays the economic cycle is so fast and the life span is so short? I think we just having one during end 2008....last year just recovered (As yr 2009 is really sad...kena potong gali 99)
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Mar 10 2011, 05:14 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(CKHong @ Mar 10 2011, 04:06 PM) LOL... 200% household debt.. Next generation loan? maybe by that time.. there will be another thread title is " what is the best way to suicide " 20% of malaysian population straight decrease.. Instead pay home loan 30 years, extended to 70 years.... May be 100 years loan also created. Surely lot of people take up 100 years home loan.  |
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Mar 10 2011, 05:21 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(Randomization @ Mar 10 2011, 02:07 PM) It is rather boring to discuss when is property bubble while the price keeps increasing, let's start a new tread "how much more property price to go up before the bubble happen?" Property guru Gavin said mkt correction (bubble) in 2015, which means 4 years to go, assuming 5%（inflation rate) each yr, Gavin predicted at least 20% rooms to grow, let's see |
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Mar 10 2011, 05:21 PM
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Junior Member
209 posts Joined: Aug 2010
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if burst, better burst fast and burst gaogao, price drop 80%.
if boom, better boom gaogao, price rocket high. only tycoon can buy. really hate the situation now (you can tell i am a desperate house buyer, no $$$, huahahaha) |
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Mar 10 2011, 05:21 PM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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QUOTE(cherroy @ Mar 10 2011, 05:14 PM) Next generation loan? good idea!! we are having car loan from 3 yrs to now we have max 10-11 yrs with 0 dp !! haha... the creativity part of extend to 100 yrs loan is when you buy a 99 yrs lease hold properties !! haha ...good la!! ask my grandson help me to pay ...maybe first 50 yrs of high -BLR and the ver ylow -BLR to my son or grandson ...kaka Instead pay home loan 30 years, extended to 70 years.... May be 100 years loan also created. Surely lot of people take up 100 years home loan. |
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Mar 10 2011, 05:34 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(wee1030 @ Mar 10 2011, 05:21 PM) good idea!! we are having car loan from 3 yrs to now we have max 10-11 yrs with 0 dp !! haha... the creativity part of extend to 100 yrs loan is when you buy a 99 yrs lease hold properties !! haha ...good la!! ask my grandson help me to pay ...maybe first 50 yrs of high -BLR and the ver ylow -BLR to my son or grandson ...kaka LOL.. after our son finish pay.. then leashold reached its 99 years... ngam ngam bayar habis.. developer claim back..cantik nyee ~~~ if the repayment period that long.. then all the rakyat life will be miserable we work as slave for the whole life... just to pay the bank and all the people up there..(so that they can eat eat eat) malaysian export maid.. macam macam ada.. but i agreed.. after election CONFIRM fuel naik harga if the fuel is still that expensive... be it BN or PKR (if any chance PKR won ) This post has been edited by CKHong: Mar 10 2011, 05:35 PM |
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Mar 10 2011, 05:42 PM
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Junior Member
369 posts Joined: Sep 2008 From: Where 300 Spartans dine
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QUOTE(CKHong @ Mar 10 2011, 05:34 PM) LOL.. after our son finish pay.. then leashold reached its 99 years... ngam ngam bayar habis.. developer claim back.. aiyo..simply birth more sons and multiply it with grandsons... a bangalow also possible la with devided liability... haha...and by then is your son and grandson work like a slave and you goyang kaki and recall your "smart" investment.. hahacantik nyee ~~~ if the repayment period that long.. then all the rakyat life will be miserable we work as slave for the whole life... just to pay the bank and all the people up there..(so that they can eat eat eat) malaysian export maid.. macam macam ada.. but i agreed.. after election CONFIRM fuel naik harga if the fuel is still that expensive... be it BN or PKR (if any chance PKR won ) |
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Mar 10 2011, 05:50 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(wee1030 @ Mar 10 2011, 05:42 PM) aiyo..simply birth more sons and multiply it with grandsons... a bangalow also possible la with devided liability... haha...and by then is your son and grandson work like a slave and you goyang kaki and recall your "smart" investment.. haha birth more sons.. means monthly usage higherdun think i can afford that.. its not like i get more sons.. then they will handle all their food, education etc etc.. haha.. life will be much more miserable with more sons... |
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Mar 10 2011, 09:13 PM
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Senior Member
1,747 posts Joined: May 2005 From: Malaysia
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Mar 10 2011, 09:23 PM
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Junior Member
480 posts Joined: Dec 2009
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QUOTE(cherroy @ Mar 10 2011, 05:14 PM) Next generation loan? Instead pay home loan 30 years, extended to 70 years.... May be 100 years loan also created. Surely lot of people take up 100 years home loan. QUOTE(wee1030 @ Mar 10 2011, 05:42 PM) aiyo..simply birth more sons and multiply it with grandsons... a bangalow also possible la with devided liability... haha...and by then is your son and grandson work like a slave and you goyang kaki and recall your "smart" investment.. haha next bank package ... 2nd and 3rd generation home ownership campaign officer: sir, i will need your children and their children's name for the loan application ... buyer: erm .. my wifeonly 7th month pregancy .. officer: oh .. you can still qualify! just give us their future names to be and sign the necessary loan documents to make them liable upon reaching their legal tender age! |
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Mar 10 2011, 09:30 PM
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Senior Member
1,143 posts Joined: Sep 2008
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QUOTE Citizen’s right to affordable housing HAVING decent shelter, adequate food, good health care and education are basic human rights. The government has a moral responsibility to ensure that majority of its citizens can either own their house or afford to rent public housing. Sadly for the citizens, affordable housing is not easily available. House prices have soared to exorbitant levels in major cities so that even the middle class cannot afford to own a house or apartment, let alone the lower classes. In 2009, the average house price in Kuala Lumpur was RM390,000 almost six times the average household income. It was even worse in Penang Island where the average house price was RM540,000 or eight times the average household income. Clearly, this is beyond the reach of the average family. A ratio of house price to household income of three to four times is internationally acceptable. The problem is not that there are not enough houses but that there is a mismatch between demand and supply. The majority of Malaysians want affordable homes but developers are supplying houses that they cannot afford. Developers prefer to cater to investors and speculators who buy to rent or to flip over and make money. Many of these people own two or more houses. It is a fact that developers give preferences and reserve the best units for clients who buy multiple units even before a project is officially launched. Ordinary house buyers then have to queue and accept less desirable units or buy them from the investors usually at higher prices. Developers go overseas to aggressively market properties as they are still cheap by international standards. The government through its misplaced priority is aiding this process by encouraging foreigners to invest not only in apartments but also landed property. Unlike Indonesia, the Philippines and Thailand, Malaysia is one of the few countries in Southeast Asia that allows foreigners to own landed property. Banks also contribute to escalation of house prices through various aggressive marketing techniques. They have relaxed credit standards and are willing to lend up to 95% of the value of a property. They offer variable, rather than fixed-rate loans, to reduce initial instalments in a low-interest rate environment. Another method to reduce monthly instalments is to stretch the loan tenure to 40 years, beyond the work life of a borrower. The offer of two-generation loans that stretch to 70 years is a reflection of how absurd the situation has become. Borrowers are encouraged to saddle future generations with debt. Hence, the ready availability of housing loans - to those who are rich enough to buy multiple units, and to those who can barely afford to buy but are able to do through stretching loan tenure to unreasonable lengths or through offering low initial teaser rates – is a major cause of rising house prices. To make housing affordable to ordinary Malaysians and to reduce unsustainable and unhealthy rise in property prices, the government should do the following. Formulate a public housing policy that provides affordable housing, particularly in urban areas, to people below a certain level of income. A good example is the Singapore Housing Board where the government spearheads the building of affordable housing for a majority of its citizens. Alternatively, the government can consider doing this in partnership with the private sector. Where land is scarce and density high, a comprehensive planning of land use with provision of good public transport to reduce traffic congestion is necessary. For the private housing sector, the government must take a leading role to monitor property prices and take appropriate and timely measures to prevent an unhealthy and unsustainable run up in property prices. One lesson of the financial crisis is central banks and policymakers have focused narrowly on consumer price and wage inflation and neglected to monitor and regulate asset price inflation. It is time to recognise that asset inflation (property and stocks) has posed a greater threat to financial and economic stability. The measure by Bank Negara to limit buyers of third property to a 70% loan to value ratio is not enough to curb excessive investment and speculation. We suggest that loan ratio be reduced to a much lower level to test the market reaction. The government should increase property gains tax for short-term transactions. The present 5% property gains tax for property held under five years is not discriminating enough. The tax rate should be increased significantly for shorter holding period; the same should be done for sale of the second and successive properties. The government should stop the sale of landed properties to foreigners. As for non-landed properties, foreigners should not be eligible for local housing loans, unless they are permanent residents. Town planners and local councils should have comprehensive land use planning and give more importance to developing green and friendly cities, first class public transport system and less to the building of more shopping malls and roads. The government should put the needs of the majority of Malaysians first. S. M. Mohamed Idris President Consumers Association of Penang Black Pepper Sauce Very much true. So sad with the reality in Malaysia. |
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Mar 10 2011, 10:48 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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those complain king who likes to blame speculators. u must ask urself, how do I generate income?
for those who r aware of fannie mae & freddie mac story http://www.youtube.com/watch?v=cMnSp4qEXNM "Government mortgage companies played a pivotal role in the financial meltdown by handing out high-risk loans to families who couldn’t afford them." Rep Boehner its bcos the minorities & those poor unfortunate complain kings in usa requested the political to help them get a house with that facility, those poor souls buy & refinance & get so many properties the bankers can't stop their loan application or kena penalty by the govt we hav begin step 1, now just need to ride it & dun fight the bubble trend it takes time for bubble to grow & 2 years too short la since we all know 220k prop is not much, the govt may need to reamend it to make those complain king hapi later on, many decades later, all of us will kena too bad kenot short csell cagamas even tho its a berhad time to reopen futures ac in klse |
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Mar 10 2011, 11:28 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(sulifeisgreat @ Mar 10 2011, 11:48 PM) those complain king who likes to blame speculators. u must ask urself, how do I generate income? exactly opposite view... the 1st home scheme is the gomen step to test the market feedback/response.... for those who r aware of fannie mae & freddie mac story http://www.youtube.com/watch?v=cMnSp4qEXNM "Government mortgage companies played a pivotal role in the financial meltdown by handing out high-risk loans to families who couldn’t afford them." Rep Boehner its bcos the minorities & those poor unfortunate complain kings in usa requested the political to help them get a house with that facility, those poor souls buy & refinance & get so many properties the bankers can't stop their loan application or kena penalty by the govt we hav begin step 1, now just need to ride it & dun fight the bubble trend it takes time for bubble to grow & 2 years too short la since we all know 220k prop is not much, the govt may need to reamend it to make those complain king hapi later on, many decades later, all of us will kena too bad kenot short csell cagamas even tho its a berhad time to reopen futures ac in klse===== comment from others ===== actually i dun understand the scheme, are they encouraging the young to own what they cant afford with weak earning power? as in no $$$ buy, borrow first 100% to buy buying a house is just the begining of spending more $$$ be it for maintenance, heating exp, u name it if a couple cannot even save up say 10% of the 200k house what makes u think that they can afford the longer run house ownership cost later on This post has been edited by sampool: Mar 10 2011, 11:43 PM |
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Mar 11 2011, 03:24 AM
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Junior Member
232 posts Joined: Apr 2007
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QUOTE(wu ming @ Mar 10 2011, 09:30 PM) nothing we can do, just pray we can hit lottery/make big bucks from business or we will hardly get a decent property in KL. |
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Mar 11 2011, 08:48 AM
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Junior Member
275 posts Joined: Apr 2009
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QUOTE(CKHong @ Mar 10 2011, 05:34 PM) LOL.. after our son finish pay.. then leashold reached its 99 years... ngam ngam bayar habis.. developer claim back.. I tell u guys, don't need to be sad. Life got how many another 10 years. Just enjoy life la.. If car loan got 0Dp and extended to 11 years. Just go for it. Don't think too much.. Buy BMW and enjoy for it. If no money the banker will come to see u after 2 or 3 months. But u already enjoy to be rich and famous for that period. As what Nike said. Just Do It. Hahacantik nyee ~~~ if the repayment period that long.. then all the rakyat life will be miserable we work as slave for the whole life... just to pay the bank and all the people up there..(so that they can eat eat eat) malaysian export maid.. macam macam ada.. but i agreed.. after election CONFIRM fuel naik harga if the fuel is still that expensive... be it BN or PKR (if any chance PKR won ) |
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Mar 11 2011, 08:59 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(wwwcomment @ Mar 10 2011, 05:21 PM) if burst, better burst fast and burst gaogao, price drop 80%. hahaif boom, better boom gaogao, price rocket high. only tycoon can buy. really hate the situation now (you can tell i am a desperate house buyer, no $$$, huahahaha) i somewhat agree with u burst must burst hard boom must also boom high see how the game goes... |
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Mar 11 2011, 10:24 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(chubbyken @ Mar 11 2011, 08:59 AM) haha +10 !i somewhat agree with u burst must burst hard boom must also boom high see how the game goes... |
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Mar 11 2011, 11:11 AM
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Junior Member
213 posts Joined: Sep 2009
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ppl talked about 2-gen loan
wonder how it works mean u hv to already hv kids to apply for 2-gen loan? if bachelor, how to justify to apply 2-gen loan? must gurantee future will have children? |
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Mar 11 2011, 11:18 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(chubbyken @ Mar 11 2011, 11:11 AM) ppl talked about 2-gen loan hehe.. if no kid.. then the bank will straight untung bersih.. take ur props.. then auction it..wonder how it works mean u hv to already hv kids to apply for 2-gen loan? if bachelor, how to justify to apply 2-gen loan? must gurantee future will have children? |
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Mar 11 2011, 12:05 PM
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Junior Member
171 posts Joined: Dec 2010
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QUOTE(chubbyken @ Mar 11 2011, 11:11 AM) ppl talked about 2-gen loan Those who proposed for the banks to provide 2nd generation loans will never take the loans. Most probably they are all rich people that buy properties with cash wonder how it works mean u hv to already hv kids to apply for 2-gen loan? if bachelor, how to justify to apply 2-gen loan? must gurantee future will have children? This proposal is going to widened the gap between the poors and the rich. just think about this: who will need a 2nd generation loan? the poors. I can't help but to think that for a 2nd generation loan with tenure of say 70 years (forget about the house' condition 70 years later) just after 40 years is the house/condo that still need 30 years to pay off livable??? The poor kid willl probably be inherited with a non livable house and debt of 30 years. This is a non deniable fact, we will need refurbish the house when it gets old. By then what happen? take another 2nd generation loan to refurbish the house and pass on the debt to the CUCU?. I hope the government can be more considerate about the poors when come to formulating policies (don't think from their own perspective only), the poors may not be so well educated to understand the consequences of this so called 2nd generation loan. The government should be the one who protect the poors' right and so NO to any banks that wanna profit from this business. |
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Mar 11 2011, 12:11 PM
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Senior Member
2,156 posts Joined: Apr 2005
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QUOTE(wu ming @ Mar 10 2011, 09:30 PM) indeed sad, difficult to own a home nowadays. |
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Mar 11 2011, 01:27 PM
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Senior Member
1,853 posts Joined: Oct 2009
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If there is a 2nd gen, what's to stop there being a 3rd gen loan? when will it stop?
Our money is going to turn into monopoly money. You sell the house for 2 generation worth of money, and buy another for 3 generations worth. You then sell it for 4 generations, and buy another for 5 generations. Lol... seems like the number of zeros will become worthless. |
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Mar 11 2011, 01:37 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(godutch @ Mar 11 2011, 12:05 PM) Those who proposed for the banks to provide 2nd generation loans will never take the loans. Most probably they are all rich people that buy properties with cash This is more a new generation mindset. No offence, and not mean it is same across, just this kind of mindset is quite norm nowadays. This proposal is going to widened the gap between the poors and the rich. just think about this: who will need a 2nd generation loan? the poors. I can't help but to think that for a 2nd generation loan with tenure of say 70 years (forget about the house' condition 70 years later) just after 40 years is the house/condo that still need 30 years to pay off livable??? The poor kid willl probably be inherited with a non livable house and debt of 30 years. This is a non deniable fact, we will need refurbish the house when it gets old. By then what happen? take another 2nd generation loan to refurbish the house and pass on the debt to the CUCU?. I hope the government can be more considerate about the poors when come to formulating policies (don't think from their own perspective only), the poors may not be so well educated to understand the consequences of this so called 2nd generation loan. The government should be the one who protect the poors' right and so NO to any banks that wanna profit from this business. As long as installment payment is low, I can afford. Never care the interest charge nor long term perspective. Only concern now, want to own now. Just like car loan, more and more people choose 7 years loan instead less than 5 years. All because of what? lower monthly payment. If gov really care about house owner, please introduce RPGT. RPGT is more effective to reduce speculation on properties, eventually properties price won't escalating like no tomorrow. Introduce longer loan tenure or 100% loan is not going to help the low affordability group of people. Preventing or reduce excessive speculation on properties is. Preventing inflation is going to help the poor. First step to help the poor, introduce RPGT. Above just my view only. |
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Mar 11 2011, 01:40 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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yep.. single RPGT will help us poor ppl
not the 70% shitty.. go for 30% of RPGT then we poor ppl are all happy.. dammit 5% RPGT.. useless.. |
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Mar 11 2011, 01:47 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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we can hav wishes & be dream chaser, but facts r stubborn things
how long wanna chase dream?be a dream achiever la & learn to adapt step1, stop be complain kingbut step1 is alwiz the hardest step & takes the most effort “The most important thing we can do is teach them (poor people) how to help themselves and help them get rich through hard work,” Zong Qinghou, the founder of China’s largest soft drinks maker Wahaha http://www.whatsonsanya.com/news-15219-chi...ng-poverty.html |
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Mar 11 2011, 02:10 PM
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Junior Member
301 posts Joined: Oct 2004
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QUOTE(sulifeisgreat @ Mar 10 2011, 10:48 PM) those complain king who likes to blame speculators. u must ask urself, how do I generate income? Too bad, we are moving to that direction. GIVING 100% loan is a big no to me as it doesn,t help to cool down the property market. for those who r aware of fannie mae & freddie mac story http://www.youtube.com/watch?v=cMnSp4qEXNM "Government mortgage companies played a pivotal role in the financial meltdown by handing out high-risk loans to families who couldn’t afford them." Rep Boehner its bcos the minorities & those poor unfortunate complain kings in usa requested the political to help them get a house with that facility, those poor souls buy & refinance & get so many properties the bankers can't stop their loan application or kena penalty by the govt we hav begin step 1, now just need to ride it & dun fight the bubble trend it takes time for bubble to grow & 2 years too short la since we all know 220k prop is not much, the govt may need to reamend it to make those complain king hapi later on, many decades later, all of us will kena too bad kenot short csell cagamas even tho its a berhad time to reopen futures ac in klsewhat are the contingency plans if Cagamas cant absorb the 10% when the bubble is burst(If any). Auction, it is not every property will have capital appreciation. some house might be sold out lower than the purchased price. Bailout with EPF money again. |
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Mar 11 2011, 02:11 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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lol.. i tot Wahaha is the sound of laughter..
nice name |
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Mar 11 2011, 02:37 PM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(CKHong @ Mar 11 2011, 02:11 PM) lol.. i tot Wahaha is the sound of laughter.. he is the one who conned Danone /France to become the richest man in china. this is last JV in China, after this incident all foreign co prefer to have 100% ownership in China.nice name |
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Mar 11 2011, 03:51 PM
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Junior Member
47 posts Joined: Feb 2009
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Does anyone feel that 5 years later there won't be properties worth like 150k , except maybe low cost apartments..
esp freehold props? |
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Mar 11 2011, 04:03 PM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(maeyi @ Mar 11 2011, 03:51 PM) Does anyone feel that 5 years later there won't be properties worth like 150k , except maybe low cost apartments.. if u r talking about KL,esp freehold props? it already happen i guess... |
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Mar 11 2011, 05:19 PM
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Senior Member
1,549 posts Joined: Nov 2010
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Do you think 2012 end of the world??? No point to discuss property up/down anymore....haha.
http://www.themalaysianinsider.com/world/a...agnitude-quake/ |
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Mar 11 2011, 07:34 PM
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Senior Member
1,590 posts Joined: Nov 2006
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(RTTNews) - Malaysia's central bank decided to maintain the benchmark overnight policy rate at 2.75 per cent as expected for a fourth straight rate-setting session on Friday.
At the same time, Bank Negara Malaysia increased the Statutory Reserve Requirement (SRR) ratio to 2.00 per cent from from 1.00 per cent, effective from 1 April 2011, to mop up excess liquidity from the financial system. The bank said that going forward, prices are expected to continue to rise, driven primarily by the significant increases in global commodity and energy prices. In addition, the bank sees some incipient signs that domestic demand factors could put upward pressure on prices in the latter part of the year in line with the sustained expansion in economic activity Inflation in Malaysia accelerated to 2.4 per cent in January from 2.2 per cent in December, fueled by rising costs of food and transport. Meanwhile, the decision to raise the SRR is now undertaken as a pre-emptive measure to manage the build-up of liquidity as this may result in large macroeconomic and financial imbalances, the bank said. However, the monetary policy committee made it clear that the overnight policy rate is the sole indicator of the monetary policy stance and that the increase in SRR does not signal a shift in the bank's policy stance. BLR remains, SRR increase Bank will tighten their loan |
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Mar 13 2011, 03:54 PM
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Senior Member
620 posts Joined: Nov 2004 From: Subang Jaya
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#Anyone knows where is the housing areas which was launched by the gov so-called "My first home scheme"...220k????
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Mar 13 2011, 04:42 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(ldhong @ Mar 13 2011, 03:54 PM) #Anyone knows where is the housing areas which was launched by the gov so-called "My first home scheme"...220k???? no restriction... anywhere, old or new... |
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 Mar 13 2011, 05:36 PM
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Senior Member
620 posts Joined: Nov 2004 From: Subang Jaya
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QUOTE(AVFAN @ Mar 13 2011, 04:42 PM) no restriction... anywhere, old or new... Locations as in Sj, PJ, Puch, Damansara, BU and USJ hardly can get at this price...Unless those inside and ulu-ulu areas...IF 2nd, i bet the price has goes up right??? Maybe for low cost flat apartment still can get 220k... |
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Mar 13 2011, 05:41 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(ldhong @ Mar 13 2011, 05:36 PM) Locations as in Sj, PJ, Puch, Damansara, BU and USJ hardly can get at this price...Unless those inside and ulu-ulu areas...IF 2nd, i bet the price has goes up right??? Maybe for low cost flat apartment still can get 220k... it's for lower income la... <3k pm income, want to buy bu or sj meh?can go to the 100% loan home thread discuss further... |
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Mar 13 2011, 05:43 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(ldhong @ Mar 13 2011, 03:54 PM) #Anyone knows where is the housing areas which was launched by the gov so-called "My first home scheme"...220k???? this is the current government empty talk, look at the bubble they blowing, and continue blowing.. (whn a person start lying, they need another lie to cover the previous lie, so they keep coming out this and that "scheme"s...)that is the trick to win the younsters votes of coming election. do u think still got developer willing to build a house/apartment under 220k? |
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Mar 13 2011, 06:50 PM
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All Stars
24,458 posts Joined: Nov 2010
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QUOTE(totila @ Mar 13 2011, 05:43 PM) this is the current government empty talk, look at the bubble they blowing, and continue blowing.. (whn a person start lying, they need another lie to cover the previous lie, so they keep coming out this and that "scheme"s...) dun worry... they can only do this for so long. keep blowing the prop/constr section and nowhere else. when the debt levels, subsidies and inflation can't be sustained, there will be only high priced homes with few buyers as people need to first deal with food, transport, medical and education. only then will we see how prices will change. or how people will behave on the streets.that is the trick to win the younsters votes of coming election. do u think still got developer willing to build a house/apartment under 220k? |
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Mar 13 2011, 07:11 PM
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Senior Member
1,946 posts Joined: Aug 2009
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developers willing to build house/apartment <220 but they also increase those house price >220k to compensate their losses. the more low cost house the higher the mid to hi end house prices lor. the hi end will have higher impact coz rich will need to subsidy the poor.
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Mar 13 2011, 07:12 PM
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Senior Member
1,830 posts Joined: Aug 2010 From: Kuala Lumpur
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QUOTE(totila @ Mar 13 2011, 05:43 PM) this is the current government empty talk, look at the bubble they blowing, and continue blowing.. (whn a person start lying, they need another lie to cover the previous lie, so they keep coming out this and that "scheme"s...) answer is yes, developers are running business, a good business will always adapt to changes to take the most out of a situation.that is the trick to win the younsters votes of coming election. do u think still got developer willing to build a house/apartment under 220k? soon some developers will launch more and more smaller unit (be it a 350 sf studio / 550sf 2 rooms / 700sf 3 rooms). there are still so many variable for the developers to adjust themselves with the pricing. looking at the current trend, gov will also try their best to help sustaining the property market not to let it crash. youngster will still be able to own a property, the party continue. developers sell sell sell, youngster buy buy buy, everyone wins. those who wait for property price to drop to buy their dream home, i wish you good luck |
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Mar 13 2011, 07:30 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(property101 @ Mar 13 2011, 07:12 PM) answer is yes, developers are running business, a good business will always adapt to changes to take the most out of a situation. ppl not wishing the price to drop, ppl only wishing the price don go up so crazy like now, government mati-mati push up the market with their "attractive" scheme, and unhealthy scheme tat can't afford by their own ppl ( i believe the government clearly know that)soon some developers will launch more and more smaller unit (be it a 350 sf studio / 550sf 2 rooms / 700sf 3 rooms). there are still so many variable for the developers to adjust themselves with the pricing. looking at the current trend, gov will also try their best to help sustaining the property market not to let it crash. youngster will still be able to own a property, the party continue. developers sell sell sell, youngster buy buy buy, everyone wins. those who wait for property price to drop to buy their dream home, i wish you good luck of cause there are still many ppl who dun wish this is a bubble, nobody wish that, but, always with but, once it burst, the one who 1st lose their gold mangkuk are prop agent, and the ppl with a lot of props on hand.. <- this icon so damn fit!!good luck~ haha~ Added on March 13, 2011, 7:38 pm QUOTE(lucerne @ Mar 13 2011, 07:11 PM) developers willing to build house/apartment <220 but they also increase those house price >220k to compensate their losses. the more low cost house the higher the mid to hi end house prices lor. the hi end will have higher impact coz rich will need to subsidy the poor. do u mind to share with us where can we get a new development project with 220k< ??and i dun have transport, so dun wish to stay in ulu-ulu place... thanks in advanced This post has been edited by totila: Mar 13 2011, 07:38 PM |
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Mar 13 2011, 08:10 PM
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Senior Member
620 posts Joined: Nov 2004 From: Subang Jaya
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QUOTE(AVFAN @ Mar 13 2011, 05:41 PM) it's for lower income la... <3k pm income, want to buy bu or sj meh? can go to the 100% loan home thread discuss further... QUOTE(totila @ Mar 13 2011, 07:30 PM) ppl not wishing the price to drop, ppl only wishing the price don go up so crazy like now, government mati-mati push up the market with their "attractive" scheme, and unhealthy scheme tat can't afford by their own ppl ( i believe the government clearly know that) Ya, actually that is what i m trying to say...THe scheme doesn't really make sense... Does the housing areas which cost 220k exist or not??? That's the main point...Unless, it is in ulu-ulu and inside some area dunno where...Well, low cost apartment most probably....NOw, even if those ppl that eligible to make a purchase where shud they go???? But still, if gov wants to launched this scheme at least has some senses....of cause there are still many ppl who dun wish this is a bubble, nobody wish that, but, always with but, once it burst, the one who 1st lose their gold mangkuk are prop agent, and the ppl with a lot of props on hand.. <- this icon so damn fit!!good luck~ haha~ Added on March 13, 2011, 7:38 pm do u mind to share with us where can we get a new development project with 220k< ?? and i dun have transport, so dun wish to stay in ulu-ulu place... thanks in advanced p/s: Well, i am not thinking/expecting that property prices will go down at all... |
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Mar 13 2011, 11:06 PM
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Newbie
3 posts Joined: Aug 2010
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i think understanding the property in certain neighbourhood is very important.
neighbours shud owiz update among themselves bout the property price in the area. n the reason wic cause it rise/drop (wic so far very few, even some property tht has bad condition oso raise their price, i think people "fry" price lar) i cant see the reason for a property to drop its price, unless got ppl murdered there. or died there. or wat ever. for ths kinda reasons u have to get clues fr the neighbourhood one. not easy. hehe, join www.i-neighbour.com is best lar, create neighbourhood network. strength the bond among neighbourhood so can share information easily. let build the network together kekeke advertise a bit Attached thumbnail(s) 
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Mar 13 2011, 11:12 PM
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Senior Member
2,294 posts Joined: Mar 2009
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now i know why the prop price never go down...
美國億萬富豪華倫巴菲特曾經忠告投資者：“當其他人對市場前景表示樂觀時，我們應該警惕，當其他人警惕時，我們應該樂觀，這是他獨特的見解。” because we too negative about the market....... Yeah!!! I WANT PROP TO GO UP UP...... |
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Mar 13 2011, 11:33 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(sampool @ Mar 13 2011, 11:12 PM) now i know why the prop price never go down... hahaha... i'm not racist, but this is really typical ang mo b*llsh*t, especially rich angmo.美國億萬富豪華倫巴菲特曾經忠告投資者：“當其他人對市場前景表示樂觀時，我們應該警惕，當其他人警惕時，我們應該樂觀，這是他獨特的見解。” because we too negative about the market....... Yeah!!! I WANT PROP TO GO UP UP...... in what situation is consider "positive"? and in what situation is consider "negative" leh? according to few forumers in lowyat?? i js finish watching INSIDE JOB, that is the good documentary about USA wall street 2008 crisis that cause global crisisi, kinda interesting, js wanna share with all of u and i believe the 100% of the forumers ( including me ) is not that 1%, otherwise we wont hav time to b*llsh*t here. Thus 1% is busying having fun in "club"nw, while everybody still having empty talk here... hahahaha~ |
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Mar 14 2011, 12:28 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(totila @ Mar 13 2011, 07:30 PM) do u mind to share with us where can we get a new development project with 220k< ?? If there is huge demand on properties below 220k, while those 500k properties lack of buyers, developers can always adjust their strategy.and i dun have transport, so dun wish to stay in ulu-ulu place... thanks in advanced Instead building 500K 1000sf. apartment, come out with 400sf 220k apartment... or 500sf 220k but no car park given, need to pay 20K for it, and apartment has no tiles installed, need to add up 30k for it. Selling price still 220k, but need to add on... for those facilities, give you the most basic. Business is always flexible to demand. |
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Mar 14 2011, 08:01 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(cherroy @ Mar 14 2011, 01:28 AM) If there is huge demand on properties below 220k, while those 500k properties lack of buyers, developers can always adjust their strategy. Business On Demand.... ppl can pay RM30/month to rent the car parking space, pay higher monthly maintenance fee....to cover back their cost. Instead building 500K 1000sf. apartment, come out with 400sf 220k apartment... or 500sf 220k but no car park given, need to pay 20K for it, and apartment has no tiles installed, need to add up 30k for it. Selling price still 220k, but need to add on... for those facilities, give you the most basic. Business is always flexible to demand. Crazy. |
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Mar 14 2011, 09:19 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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many many years ago, when teh tarik is 30cents, we drank happily.
inflation came, and teh tarik became 40 cents, we still drank happily. inflation came again and teh tarik became 50 cents. we grumble but still shout to the mamak teh tarik please! when sugar shortage came, teh tarik became 70 cents. we were upset but yet we still drank but ordering teh tarik kurang manis, hoping it will reduce the sugar consumption and hoping that the price will come back down. teh tarik increased to 90 cents because petrol was suddenly increased substantially. mamak says it's due to logistics cost. we still order our teh because it's still cheaper than the canned drinks. teh tarik went up to rm1.20, we still have it with our roti canai. inflation came again, teh tarik is rm1.50, we curse here and there but yet we still order our tarik! |
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Mar 14 2011, 09:32 AM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(kochin @ Mar 14 2011, 10:19 AM) many many years ago, when teh tarik is 30cents, we drank happily. many places still can drink teh tarik for only RM1.00 (big glass some more..). inflation came, and teh tarik became 40 cents, we still drank happily. inflation came again and teh tarik became 50 cents. we grumble but still shout to the mamak teh tarik please! when sugar shortage came, teh tarik became 70 cents. we were upset but yet we still drank but ordering teh tarik kurang manis, hoping it will reduce the sugar consumption and hoping that the price will come back down. teh tarik increased to 90 cents because petrol was suddenly increased substantially. mamak says it's due to logistics cost. we still order our teh because it's still cheaper than the canned drinks. teh tarik went up to rm1.20, we still have it with our roti canai. inflation came again, teh tarik is rm1.50, we curse here and there but yet we still order our tarik! |
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Mar 14 2011, 09:34 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(kochin @ Mar 14 2011, 09:19 AM) many many years ago, when teh tarik is 30cents, we drank happily. hehe.. u're trying to relate teh tarik with props or i read it wrongly ?inflation came, and teh tarik became 40 cents, we still drank happily. inflation came again and teh tarik became 50 cents. we grumble but still shout to the mamak teh tarik please! when sugar shortage came, teh tarik became 70 cents. we were upset but yet we still drank but ordering teh tarik kurang manis, hoping it will reduce the sugar consumption and hoping that the price will come back down. teh tarik increased to 90 cents because petrol was suddenly increased substantially. mamak says it's due to logistics cost. we still order our teh because it's still cheaper than the canned drinks. teh tarik went up to rm1.20, we still have it with our roti canai. inflation came again, teh tarik is rm1.50, we curse here and there but yet we still order our tarik! |
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Mar 14 2011, 09:38 AM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(cherroy @ Mar 11 2011, 01:37 PM) .... Yes yes yes... let's fight for RPGT.First step to help the poor, introduce RPGT. |
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Mar 14 2011, 09:40 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(CKHong @ Mar 14 2011, 09:34 AM) hehe.. u're trying to relate teh tarik with props or i read it wrongly ? spot on!am not saying teh tarik will not come down in price. but when that happens, you might wish it never did! let's study ways to make teh tarik cheaper: 1. reduce the content of either sugar, teh or milk. 2. reduce the volume of teh tarik served 3. SUBSTITUTE either sugar, teh, milk OR the WATER! 4. oh wait, see, the whole world is in their all time deepest recession. unemployment rate soared to more than 50%. hhmmmm, maybe we should reduce our teh tarik by 10 cents, no? |
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Mar 14 2011, 09:50 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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QUOTE(TheDoer @ Mar 14 2011, 09:38 AM) Yes yes yes... let's fight for RPGT. pls... our gomen.. change from 5% to 40~60%..i confirm very very little ppl is gonna invest the props.. i will vote BN if u do that... This post has been edited by CKHong: Mar 14 2011, 09:50 AM |
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Mar 14 2011, 10:17 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(kochin @ Mar 14 2011, 09:40 AM) spot on! nowadays i only order plain water during lunch or dinner...am not saying teh tarik will not come down in price. but when that happens, you might wish it never did! let's study ways to make teh tarik cheaper: 1. reduce the content of either sugar, teh or milk. 2. reduce the volume of teh tarik served 3. SUBSTITUTE either sugar, teh, milk OR the WATER! 4. oh wait, see, the whole world is in their all time deepest recession. unemployment rate soared to more than 50%. hhmmmm, maybe we should reduce our teh tarik by 10 cents, no? and no more going mamak chit chating... |
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Mar 14 2011, 10:35 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(chubbyken @ Mar 14 2011, 10:17 AM) nowadays i only order plain water during lunch or dinner... A. you have either gave up drinking this category of beverage totally - you are satisfied by other offerings in lieu of the conventional teh tarikand no more going mamak chit chating... B. you have converted your consumption of this beverage elsewhere (eg. paparich, old-town) - upgraded and need not frequent mamak anymore C. you have substituted drinking this beverage by having it in your home ala- 3-in-1 package - you still drinks it but drinking it differently dr. seuss is in the house |
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Mar 14 2011, 10:54 AM
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Junior Member
213 posts Joined: Sep 2009
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QUOTE(kochin @ Mar 14 2011, 10:35 AM) A. you have either gave up drinking this category of beverage totally - you are satisfied by other offerings in lieu of the conventional teh tarik gomen say change our life style in tough time maaB. you have converted your consumption of this beverage elsewhere (eg. paparich, old-town) - upgraded and need not frequent mamak anymore C. you have substituted drinking this beverage by having it in your home ala- 3-in-1 package - you still drinks it but drinking it differently dr. seuss is in the house since i am in no good time i change my life style loh boleh!!! |
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Mar 14 2011, 11:17 AM
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Junior Member
460 posts Joined: Oct 2008
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QUOTE(CKHong @ Mar 14 2011, 09:50 AM) pls... our gomen.. change from 5% to 40~60%.. Then they might increase your personal tax to 40% because investors start to leave to compensate for gov revenue. i confirm very very little ppl is gonna invest the props.. i will vote BN if u do that... Still vote them? |
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Mar 14 2011, 11:28 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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aha.. as now BN make my life miserable..
i will surely won't vote for them |
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Mar 14 2011, 11:44 AM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(cherroy @ Mar 14 2011, 12:28 AM) If there is huge demand on properties below 220k, while those 500k properties lack of buyers, developers can always adjust their strategy. hhmm.. from all ur great analysis and theory.. u still haven't answer my question yet.. Instead building 500K 1000sf. apartment, come out with 400sf 220k apartment... or 500sf 220k but no car park given, need to pay 20K for it, and apartment has no tiles installed, need to add up 30k for it. Selling price still 220k, but need to add on... for those facilities, give you the most basic. Business is always flexible to demand. i repeat it again --> do u mind to share with us where can we get a 220k new developement project? i don't have transport, so not wishing to stay in ululu place. Added on March 14, 2011, 11:46 am QUOTE(CKHong @ Mar 14 2011, 11:28 AM) aha.. as now BN make my life miserable.. funny la u ! hahaha~i will surely won't vote for them This post has been edited by totila: Mar 14 2011, 11:46 AM |
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Mar 14 2011, 03:53 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(totila @ Mar 14 2011, 11:44 AM) hhmm.. from all ur great analysis and theory.. u still haven't answer my question yet.. This is cruel world.i repeat it again --> do u mind to share with us where can we get a 220k new developement project? i don't have transport, so not wishing to stay in ululu place. No money, no convenience. No money, stay in ululu place loh. What I said is about hypothesis, if, one day, people don't mind to have 300sf 220k apartment, there is always possibility in the future developers may build it as well. Provided those 500K apartment, little buyers around. Until now, need to find at outskirt of town area, or just like what you said ululu one. |
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Mar 14 2011, 05:10 PM
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Senior Member
4,897 posts Joined: Aug 2005
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Deleted
This post has been edited by feralee: Mar 14 2011, 05:12 PM |
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Mar 14 2011, 05:30 PM
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Junior Member
78 posts Joined: Feb 2010
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Been looking at new property launch ... half of it in the Millions ...
Are there really that many millionaires in Klang Valley ? Isn't 1mil properties getting too crowded already ? |
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Mar 14 2011, 06:27 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(cherroy @ Mar 14 2011, 03:53 PM) This is cruel world. No money, no convenience. No money, stay in ululu place loh. What I said is about hypothesis, if, one day, people don't mind to have 300sf 220k apartment, there is always possibility in the future developers may build it as well. Provided those 500K apartment, little buyers around. Until now, need to find at outskirt of town area, or just like what you said ululu one. means... |
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Mar 15 2011, 09:19 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i hope all rich ppl go buy millions worth of house..
at least those rich one won't rebut those cheap house with me this poor ppl.. |
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Mar 15 2011, 12:26 PM
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Senior Member
1,549 posts Joined: Nov 2010
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Nikkei down 13% today.....do you think property will follow...haha?
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Mar 15 2011, 12:34 PM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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i hope
japan is the 3rd largest economy rite ? in asian |
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Mar 15 2011, 01:25 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(CKHong @ Mar 15 2011, 01:34 PM) i hope at least ppl will pull back the investment.japan is the 3rd largest economy rite ? in asian |
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Mar 15 2011, 01:52 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(CKHong @ Mar 15 2011, 09:19 AM) i hope all rich ppl go buy millions worth of house.. Agree at least those rich one won't rebut those cheap house with me this poor ppl.. They can all go ahead and buy the speculated areas, just don't start speculating on the medium cost homes. Added on March 15, 2011, 2:00 pmNotes from Melaka: Previously there was all the hu ha about price hike. and houses all sold out. Recently I saw in the megazines, there are some more unsold units from the projects I went to see half a year ago. lol. Is this a sign of the lack of demand? This post has been edited by TheDoer: Mar 15 2011, 02:02 PM |
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Mar 15 2011, 03:32 PM
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Senior Member
1,010 posts Joined: Jan 2011
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QUOTE(totila @ Mar 14 2011, 11:44 AM) hhmm.. from all ur great analysis and theory.. u still haven't answer my question yet.. In Klang Valley - Many new developments <220k in Rawang area. Probably some in Sungai Buloh as well and some in Saujana Putra area. And many existing condos/apartments in Kepong <220k - some near Kepong Sentral KTM station. i repeat it again --> do u mind to share with us where can we get a 220k new developement project? i don't have transport, so not wishing to stay in ululu place. Added on March 14, 2011, 11:46 am funny la u ! hahaha~ The way I see it, you have 2 criterias which you have to modify if you want a property below 220k - new prop & location. If you're not willing to modify these 2, then increase your budget. We all have to change our expectations when buying a property as our expectations may be unreasonable under the current situation. Maybe you want to consider getting a transport first before getting a house? |
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Mar 15 2011, 03:45 PM
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Senior Member
1,946 posts Joined: Aug 2009
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QUOTE(TheDoer @ Mar 15 2011, 01:52 PM) Agree Many big deelopers with good holding power will keep many units/floors for themself (eg better view) and release when the price is higher. in Melaka case, pls advise if the unsold units selling at old price or higer price?? if it is still at same price, then something wrong and alarming.. They can all go ahead and buy the speculated areas, just don't start speculating on the medium cost homes. Added on March 15, 2011, 2:00 pmNotes from Melaka: Previously there was all the hu ha about price hike. and houses all sold out. Recently I saw in the megazines, there are some more unsold units from the projects I went to see half a year ago. lol. Is this a sign of the lack of demand? but in KL case, most of the reserved units are selling at higher prices. |
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Mar 15 2011, 03:52 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(lucerne @ Mar 15 2011, 03:45 PM) Many big deelopers with good holding power will keep many units/floors for themself (eg better view) and release when the price is higher. in Melaka case, pls advise if the unsold units selling at old price or higer price?? if it is still at same price, then something wrong and alarming.. It's roughly the same price, I think. Can't remember it's been so long, I've thrown away the brochures. but in KL case, most of the reserved units are selling at higher prices. But compared to a recent hot project which was "Sold out". The price is much lower. All projects are in the outskirts of town. But they are in different areas, so this needs to be taken into account too. This post has been edited by TheDoer: Mar 15 2011, 03:57 PM |
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Mar 15 2011, 04:34 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(22222222 @ Mar 15 2011, 12:26 PM) Nikkei down 13% today.....do you think property will follow...haha? Looks like the Tsunami impact is worse than 911 attack, jialat already... |
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Mar 15 2011, 04:56 PM
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Junior Member
78 posts Joined: Feb 2010
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Friday and Monday drop due to Earthquake ..
Today drop its the reactor contamination ... the area for 20km cannot use as development liao ... as its contaminated even if there are able to cool the plant ... but the isotop have already gone to all materials , land , water in the area as they use Mili and not Mirco to count the contamination ... so the damage its done liao |
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Mar 15 2011, 05:31 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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the market drop won't make property price drop
oil prices has been increasing & its side effects r all the related industries kena & inflation naik all this current negative macroeconomy, would just dampen demand for a short while only to kill it, need to increase int rate, along with it goes ur job & increment http://www.cmegroup.com/trading/energy/ |
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Mar 15 2011, 07:50 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(jdgobio @ Mar 15 2011, 03:32 PM) In Klang Valley - Many new developments <220k in Rawang area. Probably some in Sungai Buloh as well and some in Saujana Putra area. And many existing condos/apartments in Kepong <220k - some near Kepong Sentral KTM station. according to the scheme, they provided 100% loan for property 220k to the ppl earning under 3k rite?The way I see it, you have 2 criterias which you have to modify if you want a property below 220k - new prop & location. If you're not willing to modify these 2, then increase your budget. We all have to change our expectations when buying a property as our expectations may be unreasonable under the current situation. Maybe you want to consider getting a transport first before getting a house? if i'm the 1 with the salary under 3k, and i need to BUY a car 1st before i BUY a house, isn't it sound even ridiculous? i have to pay another extra few hundreds to stay far far away and need to pay extra gas, parking and maybe toll somore?? (dun forget if my salary is under 3K) and if i can have higher budget, then what for i need this scheme ? hahahaha! so we can only go for old old flat in the city? HALO! IT IS SO DAMN OBVIOUS THE SCHEME DOESN"T MAKE SENSE AT ALL WEY! This post has been edited by totila: Mar 15 2011, 08:00 PM |
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Mar 15 2011, 08:52 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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it does make sense, once the greater mrt is completed, with option for future mrt extension
developers hav the incentive to build further from the city, develop land & save bkt beruntung unless u can confirm u r the last batch of grads in bolehland & fully ENTITLED to PLC 'pheng, leng, cheng' those new grads do not hav a choice, so they wil take up tis scheme u mus remember, every year, there r new grads cuming out to work now & in the cuming years, there wil be more if u delay purchase, the future grads wil join u for company, thencan be jiran or kawan baik in the future buy now, accept fats, struggle a bit with loan once omv increase, refinance, buy new prop & repeat process dun u guys jus hate speculators, blaming us instead of inflation is goodie. now u can tell ur nenek how prop price increase |
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Mar 15 2011, 09:12 PM
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Senior Member
4,998 posts Joined: Dec 2010
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Blunt.
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Mar 16 2011, 02:03 AM
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Senior Member
1,360 posts Joined: Mar 2010
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QUOTE(sulifeisgreat @ Mar 15 2011, 08:52 PM) it does make sense, once the greater mrt is completed, with option for future mrt extension hi sifu, you seem very optimistic about malaysian property.developers hav the incentive to build further from the city, develop land & save bkt beruntung unless u can confirm u r the last batch of grads in bolehland & fully ENTITLED to PLC 'pheng, leng, cheng' those new grads do not hav a choice, so they wil take up tis scheme u mus remember, every year, there r new grads cuming out to work now & in the cuming years, there wil be more if u delay purchase, the future grads wil join u for company, thencan be jiran or kawan baik in the future buy now, accept fats, struggle a bit with loan once omv increase, refinance, buy new prop & repeat process dun u guys jus hate speculators, blaming us instead of inflation is goodie. now u can tell ur nenek how prop price increase looking at the average middle class condominium is trending towards RM400k or more. what do you think the price will be like in 2 years time? |
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Mar 16 2011, 10:40 AM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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when I bought condos back few years ago, it was abt 280k, now going for 450k
of coz can be negative & sell, while wait for bubble explode, due to our own fannie mae & freddie mac ain't it better to be optimistic rather than pessimitic expecting prop price to be stabilize by then QUOTE(cranx @ Mar 16 2011, 02:03 AM) hi sifu, you seem very optimistic about malaysian property. looking at the average middle class condominium is trending towards RM400k or more. what do you think the price will be like in 2 years time? |
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Mar 16 2011, 10:45 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(totila @ Mar 15 2011, 07:50 PM) according to the scheme, they provided 100% loan for property 220k to the ppl earning under 3k rite? yes, please keep up your spirit.if i'm the 1 with the salary under 3k, and i need to BUY a car 1st before i BUY a house, isn't it sound even ridiculous? i have to pay another extra few hundreds to stay far far away and need to pay extra gas, parking and maybe toll somore?? (dun forget if my salary is under 3K) and if i can have higher budget, then what for i need this scheme ? hahahaha! so we can only go for old old flat in the city? HALO! IT IS SO DAMN OBVIOUS THE SCHEME DOESN"T MAKE SENSE AT ALL WEY! 2nd hand property that is in town centre but kinda old, don't want new property far far away with no public transport, don't want so please wait until they launch a rm220k property in town centre. that's the problem with some people nowadays. they want it fast they want it cheap they want it to be the best but the best part is they doesn't want to work for it! |
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Mar 16 2011, 10:53 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(totila @ Mar 15 2011, 07:50 PM) according to the scheme, they provided 100% loan for property 220k to the ppl earning under 3k rite? Don't buy a car. Take public transport, take train from Rawang, if i'm the 1 with the salary under 3k, and i need to BUY a car 1st before i BUY a house, isn't it sound even ridiculous? i have to pay another extra few hundreds to stay far far away and need to pay extra gas, parking and maybe toll somore?? (dun forget if my salary is under 3K) and if i can have higher budget, then what for i need this scheme ? hahahaha! so we can only go for old old flat in the city? HALO! IT IS SO DAMN OBVIOUS THE SCHEME DOESN"T MAKE SENSE AT ALL WEY! I don't want to be harsh, 3K income, don't deserve a new car + a >220k house. The solution is always build up your income. No money, or income not high enough, no convenience. Take harder route. |
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Mar 16 2011, 11:33 AM
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Senior Member
663 posts Joined: Oct 2008
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QUOTE(cherroy @ Mar 14 2011, 03:53 PM) This is cruel world. Yup, everything is possible. Foresee that shall be the trend in KV in the near future. People will go for budget AirAsia style. Tat's why D'sara Perdana selling so well ages ago. No money, no convenience. No money, stay in ululu place loh. What I said is about hypothesis, if, one day, people don't mind to have 300sf 220k apartment, there is always possibility in the future developers may build it as well. Provided those 500K apartment, little buyers around. Until now, need to find at outskirt of town area, or just like what you said ululu one. A friend in Tokyo having a small apartment of less than 600sqft. No complain. Still alive and kicking wat after the big quake. Looking at positive side, a small house = nothing to buy aka cannot buy anything cause no space in your house so save more money! Want to buy new furniture have to give it all away or pay to discharge old furniture ie force saving in a way. Nowadays esp recent days (3 biggest quakes of the century hit in <10 yrs) world hit by many many crisis. But life still have to go on what. So continue to wait for more crisis or look at positive side, find out how to minimize/mitigate risk, make full use of opportunities around and make the best out of it. But guess prob with youngster nowadays upon graduation first get a brand new car first (hey you been con by the gomen/bank already)! After finish paying off car loan then think of house. Problem is after paying off car loan thinking of a new car cum a new house cum a new hubby/wify cum a new kid on the block .... so forever and ever waiting and complaining properties too high. Stories never end. ps:- buying new cars is the worst financial decision in this country (one of the most expensive car rates in the world with the highest import duty and taxes) no many many thanks to this Tun and his legacy to keep subsidizing his baby Potong which cannot export and compete with global brands. Now all suffer poor public transportation as long ignored and forgotten, all force to buy car to support Potong. Solution:- kancil or bike This post has been edited by Bobby C: Mar 16 2011, 11:46 AM |
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Mar 16 2011, 11:42 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(Bobby C @ Mar 16 2011, 11:33 AM) Yup, everything is possible. Foresee that shall be the trend in KV in the near future. People will go for budget AirAsia style. Tat's why D'sara Perdana selling so well ages ago. that's the common dream killer to most of the people.A friend in Tokyo having a small apartment of less than 600sqft. No complain. Still alive and kicking wat after the big quake. Looking at positive side, a small house = nothing to buy aka cannot buy anything cause no space in your house so save more money! Want to buy new furniture have to give it all away or pay to discharge old furniture ie force saving in a way. Nowadays esp recent days (3 biggest quakes of the century hit in <10 yrs) world hit by many many crisis. But life still have to go on what. So continue to wait for more crisis or look at positive side, find out how to minimize/mitigate risk, make full use of opportunities around and make the best out of it. But guess prob with youngster nowadays upon graduation first get a brand new car first (hey you been con by the gomen/bank already)! After finish paying off car loan then think of house. Problem is after paying off car loan thinking of a new car cum a new house cum a new hubby/wify cum a new kid on the block .... so forever and ever waiting and complaint properties too high. Stories never end. and it's getting increasingly more difficult to get out of the rat race! |
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Mar 16 2011, 01:19 PM
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Senior Member
4,998 posts Joined: Dec 2010
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QUOTE(Bobby C @ Mar 16 2011, 11:33 AM) Yup, everything is possible. Foresee that shall be the trend in KV in the near future. People will go for budget AirAsia style. Tat's why D'sara Perdana selling so well ages ago. A friend in Tokyo having a small apartment of less than 600sqft. No complain. Still alive and kicking wat after the big quake. Looking at positive side, a small house = nothing to buy aka cannot buy anything cause no space in your house so save more money! Want to buy new furniture have to give it all away or pay to discharge old furniture ie force saving in a way. Nowadays esp recent days (3 biggest quakes of the century hit in <10 yrs) world hit by many many crisis. But life still have to go on what. So continue to wait for more crisis or look at positive side, find out how to minimize/mitigate risk, make full use of opportunities around and make the best out of it. But guess prob with youngster nowadays upon graduation first get a brand new car first (hey you been con by the gomen/bank already)! After finish paying off car loan then think of house. Problem is after paying off car loan thinking of a new car cum a new house cum a new hubby/wify cum a new kid on the block .... so forever and ever waiting and complaining properties too high. Stories never end. ps:- buying new cars is the worst financial decision in this country (one of the most expensive car rates in the world with the highest import duty and taxes) no many many thanks to this Tun and his legacy to keep subsidizing his baby Potong which cannot export and compete with global brands. Now all suffer poor public transportation as long ignored and forgotten, all force to buy car to support Potong. Solution:- kancil or bike |
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Mar 16 2011, 01:29 PM
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Junior Member
8 posts Joined: Mar 2011
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well obviously ,price are increasing more and more
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Mar 16 2011, 02:04 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(Bobby C @ Mar 16 2011, 12:33 PM) Yup, everything is possible. Foresee that shall be the trend in KV in the near future. People will go for budget AirAsia style. Tat's why D'sara Perdana selling so well ages ago. ha ha... car (>RM100k) is status of a person...once u bring it out to pickup ur gal. ur confident level is diffrent compare to ppl with car <RM100k... that is why ppl still go for the car 1st. the property taste change and as well as the gal taste change as well, bro not like 10 yrs back lah...A friend in Tokyo having a small apartment of less than 600sqft. No complain. Still alive and kicking wat after the big quake. Looking at positive side, a small house = nothing to buy aka cannot buy anything cause no space in your house so save more money! Want to buy new furniture have to give it all away or pay to discharge old furniture ie force saving in a way. Nowadays esp recent days (3 biggest quakes of the century hit in <10 yrs) world hit by many many crisis. But life still have to go on what. So continue to wait for more crisis or look at positive side, find out how to minimize/mitigate risk, make full use of opportunities around and make the best out of it. But guess prob with youngster nowadays upon graduation first get a brand new car first (hey you been con by the gomen/bank already)! After finish paying off car loan then think of house. Problem is after paying off car loan thinking of a new car cum a new house cum a new hubby/wify cum a new kid on the block .... so forever and ever waiting and complaining properties too high. Stories never end. ps:- buying new cars is the worst financial decision in this country (one of the most expensive car rates in the world with the highest import duty and taxes) no many many thanks to this Tun and his legacy to keep subsidizing his baby Potong which cannot export and compete with global brands. Now all suffer poor public transportation as long ignored and forgotten, all force to buy car to support Potong. Solution:- kancil or bike Cost of living is expensive nowaday... This post has been edited by sampool: Mar 16 2011, 02:05 PM |
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Mar 16 2011, 03:06 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(totila @ Mar 15 2011, 07:50 PM) according to the scheme, they provided 100% loan for property 220k to the ppl earning under 3k rite? You are not alone here, try to book cheap AA cheap ticket to S'pore, China, HK or Taiwan, do a simple survey, I think you will feel relief, my friend MBA work and married in Taiwan (Taipei), wife degree working too, say 40 yrs ++ only dare to dream of a small apt, never in his mind of owning a landed property, unless Malaysia going backward like Myanmar, otherwise we are getting closer to these countries lifestyle & thinkingif i'm the 1 with the salary under 3k, and i need to BUY a car 1st before i BUY a house, isn't it sound even ridiculous? i have to pay another extra few hundreds to stay far far away and need to pay extra gas, parking and maybe toll somore?? (dun forget if my salary is under 3K) and if i can have higher budget, then what for i need this scheme ? hahahaha! so we can only go for old old flat in the city? HALO! IT IS SO DAMN OBVIOUS THE SCHEME DOESN"T MAKE SENSE AT ALL WEY! p/s : When in Taipei, I saw a few very pretty girls selling used goods at the road side (late nite), they are working 7 days (1-2 extra part time job) to earn money, and we, Malaysian youngsters spend weekend in TGV & KaraOK perhaps.... |
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Mar 16 2011, 03:12 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(sampool @ Mar 16 2011, 02:04 PM) ha ha... car (>RM100k) is status of a person...once u bring it out to pickup ur gal. ur confident level is diffrent compare to ppl with car <RM100k... that is why ppl still go for the car 1st. the property taste change and as well as the gal taste change as well, bro not like 10 yrs back lah... I have more confidence with 100k cash in bank, and use the 100k for investment and grow even more money, even a pathetic 3% FD rate, I get extra Rm250 every month, compared with you have to paid RM250 loan interest alone (not yet count the capital), every month, the difference is RM500, rich become richer, poor become poorer.Cost of living is expensive nowaday... One year, difference already Rm6k. If investment successful bring in more return like 10%, the gap even widen further. More money, more confidence. I can have even more gal with more money. Your 100k car will getting old after 3-5 years, lot of money need to be spent again. You have confidence in split second when getting the new car only. Once petrol bill, maintenance invoice, bank loan statement come in, all confidence can go down to the drain. |
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Mar 16 2011, 03:20 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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More money, more confidence.. more lansi, forumers NO like! they prefer all poor & get everything PLC for minimal fees
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Mar 16 2011, 03:40 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(cherroy @ Mar 16 2011, 03:12 PM) I have more confidence with 100k cash in bank, and use the 100k for investment and grow even more money, even a pathetic 3% FD rate, I get extra Rm250 every month, compared with you have to paid RM250 loan interest alone (not yet count the capital), every month, the difference is RM500, rich become richer, poor become poorer. I see it differntly, one thing property better than cash is not so liquid, hand got cash will spend easily, imagine if gomen dun enforce EPF savings, how many do you think every workforce hv when come to retirement?One year, difference already Rm6k. If investment successful bring in more return like 10%, the gap even widen further. More money, more confidence. I can have even more gal with more money. Your 100k car will getting old after 3-5 years, lot of money need to be spent again. You have confidence in split second when getting the new car only. Once petrol bill, maintenance invoice, bank loan statement come in, all confidence can go down to the drain. Secondly, if you really want to keep cash unless you hold Sing dollar, RM in long run mana boleh tambah nilai one? Young man must work, work harder, work harder harder, save money, study and gain investment knowledge then do investment, success then only entertainment..when I see those fb, to my surprise that many young people travel a lot, sharing theirs photos in fb, then they login to lowyat forum to blame no $$ and price too high. I 1st travel overseas (company trip) at 30 yrs, 2nd overseas at 40 yrs, I know m not eligible to spend travelling, vacation cost too much to me |
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Mar 16 2011, 03:43 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(cherroy @ Mar 16 2011, 04:12 PM) I have more confidence with 100k cash in bank, and use the 100k for investment and grow even more money, even a pathetic 3% FD rate, I get extra Rm250 every month, compared with you have to paid RM250 loan interest alone (not yet count the capital), every month, the difference is RM500, rich become richer, poor become poorer. many ppl understand this, but the reality is different. human is too complicated to understand... definately secure a house is more important, gal is second... One year, difference already Rm6k. If investment successful bring in more return like 10%, the gap even widen further. More money, more confidence. I can have even more gal with more money. Your 100k car will getting old after 3-5 years, lot of money need to be spent again. You have confidence in split second when getting the new car only. Once petrol bill, maintenance invoice, bank loan statement come in, all confidence can go down to the drain. |
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Mar 16 2011, 04:01 PM
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Junior Member
209 posts Joined: Aug 2010
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QUOTE(UFO-ET @ Mar 16 2011, 03:40 PM) I see it differntly, one thing property better than cash is not so liquid, hand got cash will spend easily, imagine if gomen dun enforce EPF savings, how many do you think every workforce hv when come to retirement? maybe u r still lucky can go vacation oversea at older age.Secondly, if you really want to keep cash unless you hold Sing dollar, RM in long run mana boleh tambah nilai one? Young man must work, work harder, work harder harder, save money, study and gain investment knowledge then do investment, success then only entertainment..when I see those fb, to my surprise that many young people travel a lot, sharing theirs photos in fb, then they login to lowyat forum to blame no $$ and price too high. I 1st travel overseas (company trip) at 30 yrs, 2nd overseas at 40 yrs, I know m not eligible to spend travelling, vacation cost too much to me looking at the situation now economic is getting unpredictable and life is getting tougher, how can gurantee the youngsters now that if dont enjoy now, garantee can go enjoy when they get older? if dont enjoy now, then older still not afford to enjoy, then wasted the whole life. |
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Mar 16 2011, 04:07 PM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(wwwcomment @ Mar 16 2011, 04:01 PM) maybe u r still lucky can go vacation oversea at older age. like planning to visit japan in the next 3 years but then, no chance liao??looking at the situation now economic is getting unpredictable and life is getting tougher, how can gurantee the youngsters now that if dont enjoy now, garantee can go enjoy when they get older? if dont enjoy now, then older still not afford to enjoy, then wasted the whole life. but i kinda agree to UFO. must work hard first before savouring the fruits of your labour. and it seems UFO have made it quite alright. purchasing TMS semi-D liao wor! |
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Mar 16 2011, 04:09 PM
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Senior Member
663 posts Joined: Oct 2008
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QUOTE(sampool @ Mar 16 2011, 02:04 PM) ha ha... car (>RM100k) is status of a person...once u bring it out to pickup ur gal. ur confident level is diffrent compare to ppl with car <RM100k... that is why ppl still go for the car 1st. the property taste change and as well as the gal taste change as well, bro not like 10 yrs back lah... Tat's d case go modified/remake/repaint old kancil or old cars Jap brand or old wira v Mitsubishi engine and make them brand new.Cost of living is expensive nowaday... Thereafter when got more money go get a pickup truck can pick up many many gals as u wish. Why truck you may ask? Here the reasons i. Diesel fuel efficient, more efficient than 1.3M satria ii. Diesel comparatively still cheaper than petrol. Their dare no simply hike else all transport companies will hike full then big hoo haa iii. Diesel engine long lasting some recorded 500,000km no need overhaul engine iv. Truck no 130% import duty compares with SUV, MPV, MiniUV blah blah iv. Truck bulky and big can withstand langgar and harrassment from BM, MB on the highway v. Can do partime delivery during wkend vi. Diesel more green than hybrid. Go check how much environmental damage from the hybrid batteries, from manufacturer to the tong sampah vii. Euro country 1.3cc also use Euro 4 / Euro 5 diesel. Msia dare not upgrade else kill off what else but Potong completely Potong wins pants down thanks to b***** Legendary Tun! |
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Mar 16 2011, 04:26 PM
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Junior Member
461 posts Joined: Oct 2007 From: PJ
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spend within your capabilities... of cuz if parents got pump some $$ then it's a bonus , which im sure many is getting such privileges .
of cuz every1 dream of a new nice/good car.. i too have the same dream but looking at our car prices, not worth it at all... house prices going up as well... we believe in changes? so next election see what ya guys can do LOL |
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Mar 16 2011, 05:04 PM
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Senior Member
1,549 posts Joined: Nov 2010
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I help my friend looking a property, Jz flip through Iproperty site and filter KL area and within 3 days post.....amazing that 5725 were responded...
let say average selling 800k per unit... 5725 * 800k = 4.58B Wooo.... r we malaysian hv this buying power to absord all this property??? Dun forget is only KL wt 3 days post...how about a week, a month & 3 months or another place like selangor? |
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Mar 16 2011, 05:07 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(wwwcomment @ Mar 16 2011, 04:01 PM) maybe u r still lucky can go vacation oversea at older age. Yr money is in yr pocket, how to spend is yr full right, nothing right or wrong, but one thing for sure, property price in long run is an upward trend, interim "might possible" see some 5%-10% corrections, the real question is are you ready to buy? At least at younger age, if you keeps savings, until certain age, you stand a chance to buy a property, best is when suddenly "if" mkt crash 30%, you can react faster than others to grab, remember to keep yourself an "opportunity"!!looking at the situation now economic is getting unpredictable and life is getting tougher, how can gurantee the youngsters now that if dont enjoy now, garantee can go enjoy when they get older? if dont enjoy now, then older still not afford to enjoy, then wasted the whole life. I want to share someone's (stock mkt analyst) mindset, everytime I meet him for minum, he will let me know how long he can withstand his life if he lost his job immediately, fr 1 yr till 25 yrs now, he can own a BMW but he drive Waja age 41. He prepares the worst to come, he says if nothing happen by 52, he can retire and travel every week until "Tak boleh Jalan" You can spend all the money in younger age but dun blame the cruel property rising price |
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Mar 16 2011, 05:09 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(UFO-ET @ Mar 16 2011, 03:40 PM) I see it differntly, one thing property better than cash is not so liquid, hand got cash will spend easily, imagine if gomen dun enforce EPF savings, how many do you think every workforce hv when come to retirement? Having cash doesn't mean stay in cash, it gives you chance for investment, that yield return.Secondly, if you really want to keep cash unless you hold Sing dollar, RM in long run mana boleh tambah nilai one? Young man must work, work harder, work harder harder, save money, study and gain investment knowledge then do investment, success then only entertainment..when I see those fb, to my surprise that many young people travel a lot, sharing theirs photos in fb, then they login to lowyat forum to blame no $$ and price too high. I 1st travel overseas (company trip) at 30 yrs, 2nd overseas at 40 yrs, I know m not eligible to spend travelling, vacation cost too much to me QUOTE(wwwcomment @ Mar 16 2011, 04:01 PM) maybe u r still lucky can go vacation oversea at older age. Typically new generation mindset, enjoy now. looking at the situation now economic is getting unpredictable and life is getting tougher, how can gurantee the youngsters now that if dont enjoy now, garantee can go enjoy when they get older? if dont enjoy now, then older still not afford to enjoy, then wasted the whole life. Guarantee what? Parent born a child, and give guarantee to the child to enjoy life? Life is a journey one explore through, life is for enjoyment only? Want to enjoy, work for it. Economy is unpredictable, life is getting tougher? Please compared with those after WWII, 70-80's, whereby people beg for job. Life is getting tougher when you cannot have a job to feed. Life is not getting tougher when one taking up car loan to buy 100K car, taking house loan to buy 250k house, buying IPhone with installment, clubbing every weekend. No offence. |
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Mar 16 2011, 05:32 PM
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Junior Member
209 posts Joined: Aug 2010
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QUOTE(cherroy @ Mar 16 2011, 05:09 PM) Having cash doesn't mean stay in cash, it gives you chance for investment, that yield return. No offence at allTypically new generation mindset, enjoy now. Guarantee what? Parent born a child, and give guarantee to the child to enjoy life? Life is a journey one explore through, life is for enjoyment only? Want to enjoy, work for it. Economy is unpredictable, life is getting tougher? Please compared with those after WWII, 70-80's, whereby people beg for job. Life is getting tougher when you cannot have a job to feed. Life is not getting tougher when one taking up car loan to buy 100K car, taking house loan to buy 250k house, buying IPhone with installment, clubbing every weekend. No offence. I am not a youngster actually Am doing part time jobs and saving as much as I can I am like the other forumer that only order plain water with mix rice Driving a proton The furthest vacation is hong kong once Saving $$$ for future and kid insurance and education fund Just sometimes wonder Is it really worth it my frugal life style Hopefully when I get old I really can go enjoy a bit But who knows what will happen in future? So youngsters enjoying the moment life style is not something that we can say right or wrong Just like grand grandfather told grandfather how tough his life was Then grandfather told father how tough his life also Then father tells his son now, his life was tough… |
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Mar 16 2011, 05:43 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(wwwcomment @ Mar 16 2011, 05:32 PM) No offence at all Dun forget we are discussing whether property price will drop or not, we are trying to give our humble advices wat to do, are you a student still? why part time job? We shd work at least 2 jobs if money not enough, and not 1/2 jobI am not a youngster actually Am doing part time jobs and saving as much as I can I am like the other forumer that only order plain water with mix rice Driving a proton The furthest vacation is hong kong once Saving $$$ for future and kid insurance and education fund Just sometimes wonder Is it really worth it my frugal life style Hopefully when I get old I really can go enjoy a bit But who knows what will happen in future? So youngsters enjoying the moment life style is not something that we can say right or wrong Just like grand grandfather told grandfather how tough his life was Then grandfather told father how tough his life also Then father tells his son now, his life was tough… |
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Mar 16 2011, 05:47 PM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia
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QUOTE(wwwcomment @ Mar 16 2011, 05:32 PM) No offence at all if real disaster strikes, youngsters will say "See, i oledi told you to enjoy life first lah. never listen"I am not a youngster actually Am doing part time jobs and saving as much as I can I am like the other forumer that only order plain water with mix rice Driving a proton The furthest vacation is hong kong once Saving $$$ for future and kid insurance and education fund Just sometimes wonder Is it really worth it my frugal life style Hopefully when I get old I really can go enjoy a bit But who knows what will happen in future? So youngsters enjoying the moment life style is not something that we can say right or wrong Just like grand grandfather told grandfather how tough his life was Then grandfather told father how tough his life also Then father tells his son now, his life was tough… if no disaster strikes, old people will say "See, i told you to save more money one lah. never listen" there's no right nor wrong. just different opnions, different paths. what i noticed is biggest difference between asians and westeners, the difference in debt. asians tends to provide as much as possible for their kids. at the very least, try to provide graduate degree to them so that they graduate debt free. unlike westeners usually in debt upon graduation. but some/most asian tends to go the extra mile, give them a helping hand eg deposit for a car, downpayment for house purchase, dowry payment for wedding, etc. maybe it's tradition that once your parents treat you in this manner, you tend to provide the same thing to your kids. so if your parents never sponsor you education, you also might think, if i can make it, so does my child. or if my parents pays for my studies for degree, i should also make sure my kids can graduate debt free. |
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Mar 16 2011, 06:02 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(kochin @ Mar 16 2011, 05:47 PM) if real disaster strikes, youngsters will say "See, i oledi told you to enjoy life first lah. never listen" Quite agree. but let's see, wat will happen for the next 20 yrs, my prediction is American and European are going to suffer a lot as they enjoy too much already, country (except German) will be in deep shit, Asian pamper the younger generation, likewise Western Government too much pamper the people, look at Greece will do. No surprise if Chinese become a common language widely communicated among Europeans one dayif no disaster strikes, old people will say "See, i told you to save more money one lah. never listen" there's no right nor wrong. just different opnions, different paths. what i noticed is biggest difference between asians and westeners, the difference in debt. asians tends to provide as much as possible for their kids. at the very least, try to provide graduate degree to them so that they graduate debt free. unlike westeners usually in debt upon graduation. but some/most asian tends to go the extra mile, give them a helping hand eg deposit for a car, downpayment for house purchase, dowry payment for wedding, etc. maybe it's tradition that once your parents treat you in this manner, you tend to provide the same thing to your kids. so if your parents never sponsor you education, you also might think, if i can make it, so does my child. or if my parents pays for my studies for degree, i should also make sure my kids can graduate debt free. |
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Mar 16 2011, 06:48 PM
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Junior Member
66 posts Joined: Jan 2010
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seems like ppl who thinking the 220k scheme can work and support goverment "EVERYBODY CAN GET THEIR DREAM HOME" slogan mostly are the ppl who:
-DOESN'T NEED to use THE SCHEME. (my question is VERY SIMPLE and easy, js tell me whr can i find it, but what i find out is.. all the analysis and theories, frm few ppl somore. why can't u all js answer straight... NO, u DON'T GONNA FIND IT) leh -already hav a prop or few props -hoping the price would NEVER EVER DROP ( who doesn't, hah! ) -NEVER experient 98 crisis, they might not even start working during that time (2008 can't consider crisis for malaysian, i dun think it's affected our props much) -super positive of malaysia situation, might baru make some money currently (mostly age is abt 25-39) -BN supporter (HAh! tat make a lot of sense.) here is the person with 3k a month: 3k = 3000 and might be LOWER than 3000 after deduct epf + socso + tax i think is roughly 2.6-2.7k? after deduct life insurance(let say cheapest 1) + daily meals is roughly left 1.8k? if take public transport then left abt 1.4-1.6k? (if i stay far far away might cost even more) if give parent pocket money then left 1.2 - 1.4k? if average phone bills, electricity bill, internet bill, daily needs like sabun, brus gigi thus lap lap cap cap things then left 800-1k? with this very kesian 800-1k (MIND TAT, already cut off all the entertainment thus "wasted money" cost), wat prop u can buy? buy a prop, beside ur installment, u need to pay maintanence fee, repair fee(if u get OLD unit), taksiran etc... who suggest to Get a car 1st?? sorry to say that --> u pay for me ah!! and and and, DON'T FORGET the scheme is NOT FIXED LOAN. once the BLR increase a bit, really eat grass lor. Everybody can simply analysis and theories like u n me, if u nvr put ur feet in their shoe, u nvr know how the situation is. An analysis and Theories with not practical = EMPTY TALK That's why we all in here. Added on March 16, 2011, 7:08 pm QUOTE(cherroy @ Mar 16 2011, 10:53 AM) Don't buy a car. Take public transport, take train from Rawang, one thing u haven't tell..I don't want to be harsh, 3K income, don't deserve a new car + a >220k house. The solution is always build up your income. No money, or income not high enough, no convenience. Take harder route. no deserve to buy a prop for ur kesian 3k.. Added on March 16, 2011, 7:14 pm QUOTE(UFO-ET @ Mar 16 2011, 03:06 PM) You are not alone here, try to book cheap AA cheap ticket to S'pore, China, HK or Taiwan, do a simple survey, I think you will feel relief, my friend MBA work and married in Taiwan (Taipei), wife degree working too, say 40 yrs ++ only dare to dream of a small apt, never in his mind of owning a landed property, unless Malaysia going backward like Myanmar, otherwise we are getting closer to these countries lifestyle & thinking hhmm... malaysian get closer to their lifestyle and thinking? not think so.. p/s : When in Taipei, I saw a few very pretty girls selling used goods at the road side (late nite), they are working 7 days (1-2 extra part time job) to earn money, and we, Malaysian youngsters spend weekend in TGV & KaraOK perhaps.... besides the inflation closer to them... everything else left behind. This post has been edited by totila: Mar 16 2011, 07:14 PM |
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Mar 16 2011, 09:34 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(wwwcomment @ Mar 16 2011, 05:32 PM) Just sometimes wonder Frugal life doesn't mean not happy life.Is it really worth it my frugal life style Hopefully when I get old I really can go enjoy a bit But who knows what will happen in future? So youngsters enjoying the moment life style is not something that we can say right or wrong Just like grand grandfather told grandfather how tough his life was Then grandfather told father how tough his life also Then father tells his son now, his life was tough… Total unrelated. Life is a journey, working hard, live frugal style, once look back can also an enjoyment. Living in a big house, travelling, when you cannot have it, seems very enjoyable. But once you reach the stage, sometimes, you wonder, is this an enjoyment? Whether youngster want to enjoy life or not, it is individual matter, no one comment. But if a person want to enjoy, but saying the income is not enough to enjoy, raise debt to enjoy, then this is the person problem. Please don't blame environment, don't blame anything, but himself that inability to earn more income. How many people want to enjoy now, raise debt, sign credit card, max the credit limit, seeking for personal loan to spend money only, in the end of day become the slave for banks to loan repayment for the rest 5 to 10 years? |
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Mar 16 2011, 09:47 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(totila @ Mar 16 2011, 06:48 PM) seems like ppl who thinking the 220k scheme can work and support goverment "EVERYBODY CAN GET THEIR DREAM HOME" slogan mostly are the ppl who: OK fine, with tis kind of mindset, giving you born in 50's, 60's, 70's, you won't be getting any house either, dream on! -DOESN'T NEED to use THE SCHEME. (my question is VERY SIMPLE and easy, js tell me whr can i find it, but what i find out is.. all the analysis and theories, frm few ppl somore. why can't u all js answer straight... NO, u DON'T GONNA FIND IT) leh -already hav a prop or few props -hoping the price would NEVER EVER DROP ( who doesn't, hah! ) -NEVER experient 98 crisis, they might not even start working during that time (2008 can't consider crisis for malaysian, i dun think it's affected our props much) -super positive of malaysia situation, might baru make some money currently (mostly age is abt 25-39) -BN supporter (HAh! tat make a lot of sense.) here is the person with 3k a month: 3k = 3000 and might be LOWER than 3000 after deduct epf + socso + tax i think is roughly 2.6-2.7k? after deduct life insurance(let say cheapest 1) + daily meals is roughly left 1.8k? if take public transport then left abt 1.4-1.6k? (if i stay far far away might cost even more) if give parent pocket money then left 1.2 - 1.4k? if average phone bills, electricity bill, internet bill, daily needs like sabun, brus gigi thus lap lap cap cap things then left 800-1k? with this very kesian 800-1k (MIND TAT, already cut off all the entertainment thus "wasted money" cost), wat prop u can buy? buy a prop, beside ur installment, u need to pay maintanence fee, repair fee(if u get OLD unit), taksiran etc... who suggest to Get a car 1st?? sorry to say that --> u pay for me ah!! and and and, DON'T FORGET the scheme is NOT FIXED LOAN. once the BLR increase a bit, really eat grass lor. Everybody can simply analysis and theories like u n me, if u nvr put ur feet in their shoe, u nvr know how the situation is. An analysis and Theories with not practical = EMPTY TALK That's why we all in here. Added on March 16, 2011, 7:08 pm one thing u haven't tell.. no deserve to buy a prop for ur kesian 3k.. Added on March 16, 2011, 7:14 pm hhmm... malaysian get closer to their lifestyle and thinking? not think so.. besides the inflation closer to them... everything else left behind. |
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Mar 16 2011, 09:54 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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u think badawi announce mrt will be made available to rakyat, then next day sudah ada ke?
it takes time to do planning, surveying, cutting the cake anyway, it took so long, tat the northern states r now in the other campnow tat bn had come out the plan & finalise all the details the developers need to take time to calculate is this a feasible projek ie. 220k scheme where to buy the land, wat r the cost involve, how much profit can make by doing this unless u r the microwave generation, alwiz wan everything instant & thought the world is like maggi mee we r here to share & giv u newbies some positive mindset to work smart & hard to achieve ur dreams no point being a dream chaser, wanna chase dream till when? set a goal, break it down to achievable targets if only earn 3k, then use a bike or they take the train. learn how to save & not jus mus hav the latest gadget & clothing for aksyen purpose |
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Mar 16 2011, 10:09 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(UFO-ET @ Mar 16 2011, 09:47 PM) OK fine, with tis kind of mindset, giving you born in 50's, 60's, 70's, you won't be getting any house either, dream on! sorilah, i'm not qualify to use that scheme, i'm js saying the scheme doesn't work, doesn't mean i dun hav hse. paiseh paiseh! governmen'st plan need to be practical instead of having empty talk like u la. sigh... seems like another stupid plan of planning the nuclear plant. sigh..kesian malaysian... selsifh goverment and selfish ppl. Added on March 16, 2011, 10:15 pm QUOTE(sulifeisgreat @ Mar 16 2011, 09:54 PM) u think badawi announce mrt will be made available to rakyat, then next day sudah ada ke? i think the usage of the 3k is not included entertainment and gadget or watever cloth lar. it takes time to do planning, surveying, cutting the cake anyway, it took so long, tat the northern states r now in the other campnow tat bn had come out the plan & finalise all the details the developers need to take time to calculate is this a feasible projek ie. 220k scheme where to buy the land, wat r the cost involve, how much profit can make by doing this unless u r the microwave generation, alwiz wan everything instant & thought the world is like maggi mee we r here to share & giv u newbies some positive mindset to work smart & hard to achieve ur dreams no point being a dream chaser, wanna chase dream till when? set a goal, break it down to achievable targets if only earn 3k, then use a bike or they take the train. learn how to save & not jus mus hav the latest gadget & clothing for aksyen purpose next time if u want to reply a person, pls read thru their thread 1st. This post has been edited by totila: Mar 16 2011, 10:15 PM |
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Mar 16 2011, 10:16 PM
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Junior Member
209 posts Joined: Aug 2010
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QUOTE(UFO-ET @ Mar 16 2011, 05:43 PM) Dun forget we are discussing whether property price will drop or not, we are trying to give our humble advices wat to do, are you a student still? why part time job? We shd work at least 2 jobs if money not enough, and not 1/2 job how i wish i am still a studenti have a full time job and also part time jobs but most of the part time jobs $$$ go for babysitter and kids fund thanks for your "humble" advice. i know i shud be grateful taking advice from Semi-d sifu while i can only afford a terrace. |
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Mar 16 2011, 10:32 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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well since those 220k faraway areas not develop yet
start saving the 800-1k la, after 1 yr, the amount saved should be increasing oso govt does allow monthly repayment via epf for prop get something affordable, if there is none, work harder to get more income the thing here is there is a mismatch between your dream & reality, learn to close the gap, go spent 100-300 for entertainment & idea generation bal 700 pm kenot get anything meh for 30yr loan http://www.iproperty.com.my/property/searc...99&lo=&wp=&ns=1 QUOTE(totila @ Mar 16 2011, 10:09 PM) sorilah, i'm not qualify to use that scheme, i'm js saying the scheme doesn't work, doesn't mean i dun hav hse. paiseh paiseh! governmen'st plan need to be practical instead of having empty talk like u la. sigh... seems like another stupid plan of planning the nuclear plant. sigh..kesian malaysian... selsifh goverment and selfish ppl. Added on March 16, 2011, 10:15 pm i think the usage of the 3k is not included entertainment and gadget or watever cloth lar. next time if u want to reply a person, pls read thru their thread 1st. |
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Mar 16 2011, 10:33 PM
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Junior Member
456 posts Joined: Sep 2009
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QUOTE(sulifeisgreat @ Mar 16 2011, 09:54 PM) u think badawi announce mrt will be made available to rakyat, then next day sudah ada ke? u think the government is so organized? it takes time to do planning, surveying, cutting the cake anyway, it took so long, tat the northern states r now in the other campnow tat bn had come out the plan & finalise all the details the developers need to take time to calculate is this a feasible projek ie. 220k scheme where to buy the land, wat r the cost involve, how much profit can make by doing this unless u r the microwave generation, alwiz wan everything instant & thought the world is like maggi mee we r here to share & giv u newbies some positive mindset to work smart & hard to achieve ur dreams no point being a dream chaser, wanna chase dream till when? set a goal, break it down to achievable targets if only earn 3k, then use a bike or they take the train. learn how to save & not jus mus hav the latest gadget & clothing for aksyen purpose lol~ clearly you don't seem to know our gomen well... (all the hard work is done by foreign companies after XXX number of GLCs sub continuously...How would you explain their latest MRT alignment plan without any hard data statistics when questioned?) |
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Mar 16 2011, 10:40 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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tis under table thingy is not a place to be discuss here, unless u like taiping prison with 24 hour security & all meals provided + early morning exercise
I dun care wat they wanna do or how they wanna align mrt from left kok to right kok or back to front ur job is to make use of the resources u have & stay focus to get ur prop so when u gonna knock on the door of any developer ceo & demand for ur prop rights? u just see their prop brochure & take the offer which they hav for u. otherwise, walk away la QUOTE(dtna7 @ Mar 16 2011, 10:33 PM) u think the government is so organized? lol~ clearly you don't seem to know our gomen well... (all the hard work is done by foreign companies after XXX number of GLCs sub continuously...How would you explain their latest MRT alignment plan without any hard data statistics when questioned?) |
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Mar 16 2011, 10:44 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(sulifeisgreat @ Mar 16 2011, 10:32 PM) well since those 220k faraway areas not develop yet actually there is the only way to get a hse like wat u have said.start saving the 800-1k la, after 1 yr, the amount saved should be increasing oso govt does allow monthly repayment via epf for prop get something affordable, if there is none, work harder to get more income the thing here is there is a mismatch between your dream & reality, learn to close the gap, go spent 100-300 for entertainment & idea generation bal 700 pm kenot get anything meh for 30yr loan http://www.iproperty.com.my/property/searc...99&lo=&wp=&ns=1 i js give a big doubt to the 3k income 220k full loan scheme oni, it's sounds good, but doesn't seem practical to me, the debt would roll even bigger. Credit card already can make youngster nowadays bankrupcy liao, somore the full loan?? Added on March 16, 2011, 10:47 pm QUOTE(dtna7 @ Mar 16 2011, 10:33 PM) u think the government is so organized? and... nuclear plant..... lol~ clearly you don't seem to know our gomen well... (all the hard work is done by foreign companies after XXX number of GLCs sub continuously...How would you explain their latest MRT alignment plan without any hard data statistics when questioned?) This post has been edited by totila: Mar 16 2011, 10:47 PM |
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Mar 16 2011, 10:47 PM
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Junior Member
456 posts Joined: Sep 2009
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QUOTE(sulifeisgreat @ Mar 16 2011, 10:40 PM) tis under table thingy is not a place to be discuss here, unless u like taiping prison with 24 hour security & all meals provided + early morning exercise u really are naive aren't youI dun care wat they wanna do or how they wanna align mrt from left kok to right kok or back to front ur job is to make use of the resources u have & stay focus to get ur prop so when u gonna knock on the door of any developer ceo & demand for ur prop rights? u just see their prop brochure & take the offer which they hav for u. otherwise, walk away la |
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Mar 16 2011, 11:01 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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totila, yes, the debt would roll even bigger & the outcome wil be known in a decade time, u interested to buy an auction unit of ex 220k prop?
dtna7, since u r not naive, wat r your solutions then? QUOTE(dtna7 @ Mar 16 2011, 10:47 PM) u really are naive aren't you |
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Mar 16 2011, 11:05 PM
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Junior Member
78 posts Joined: Feb 2010
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RAWANG ----> is this way
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Mar 16 2011, 11:06 PM
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Senior Member
6,747 posts Joined: Sep 2010
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QUOTE(wwwcomment @ Mar 16 2011, 10:16 PM) how i wish i am still a student I dun own SD, someone quoted wrongly, anyway tis is not important,i have a full time job and also part time jobs but most of the part time jobs $$$ go for babysitter and kids fund thanks for your "humble" advice. i know i shud be grateful taking advice from Semi-d sifu while i can only afford a terrace. when I graduated in local University at age 25, I wish I was born much earlier as the property price in Subang are 80K in 80's, my salary is RM1100, landed property in Puchong already 160K-180K.. And now I look at the young group, I wish I will be born later coz all of them graduated at age 21, can start to work to earn money (4 yrs earlier than me), some of them are given car or allowances while they hv fix income, at least carry sophisticated HP, notebook & Air Asia came in the right time for everyone to fly (even with low income), my 1st flight trip at age 30's, can you imagine? (but m still luckier than my parents) We are not here to waste time teaching anyone, just a sharing experiences, ignore if dun like, the easiest way to earn money is also the hardest way, work harder man!! |
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Mar 16 2011, 11:24 PM
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Senior Member
1,946 posts Joined: Aug 2009
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i think the 220k scheme is oni aim for govt servants. just like court mammoth case, if no deposit needed (just prove u work with govt ), all can start buy new furnitures, tv, hifi etc.
the more this ppl are in debt, the longer they will stick to bn-- hope more goodies/support will come. look at felda u will know. the govt oso want to impressed the poors that govt is care for them. for u and me work in private sector, better earn/save more to own your house. 3k salary cant do wonder for u.. trust me, u need more for living. |
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Mar 16 2011, 11:33 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(lucerne @ Mar 16 2011, 11:24 PM) i think the 220k scheme is oni aim for govt servants. just like court mammoth case, if no deposit needed (just prove u work with govt ), all can start buy new furnitures, tv, hifi etc. now somone who make sense.the more this ppl are in debt, the longer they will stick to bn-- hope more goodies/support will come. look at felda u will know. the govt oso want to impressed the poors that govt is care for them. for u and me work in private sector, better earn/save more to own your house. 3k salary cant do wonder for u.. trust me, u need more for living. |
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Mar 16 2011, 11:36 PM
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Junior Member
456 posts Joined: Sep 2009
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QUOTE(sulifeisgreat @ Mar 16 2011, 11:01 PM) totila, yes, the debt would roll even bigger & the outcome wil be known in a decade time, u interested to buy an auction unit of ex 220k prop? Dun get me wrong, i was solely rebutting on the confidence you put on our gomen.dtna7, since u r not naive, wat r your solutions then? If you would like my views on the 100% Loan Scheme however, I can only say our gomen has successfully launched yet another stupid phailed project without even doing the basic arithmetic calculations beforehand. They expect fresh graduates to eat broth and breads everyday? Or they are just hinting that you need to lie about your financial status, giving opportunities for these ppl to try out property invesment. On a side note, no offence but I am way off the 3k requirement already |
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Mar 16 2011, 11:41 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(sulifeisgreat @ Mar 16 2011, 11:01 PM) totila, yes, the debt would roll even bigger & the outcome wil be known in a decade time, u interested to buy an auction unit of ex 220k prop? sigh... if that situation really happen, dunno shud happy o sad...dtna7, since u r not naive, wat r your solutions then? |
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Mar 16 2011, 11:43 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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I naive ma
anyway, if u guys read the post abt wat to with 27k, tat will u guys some hope, do think & stay positive the govt, no comment, all tat can be said is y when we got petroleum, singapore currency still higher than us QUOTE(dtna7 @ Mar 16 2011, 11:36 PM) Dun get me wrong, i was solely rebutting on the confidence you put on our gomen. If you would like my views on the 100% Loan Scheme however, I can only say our gomen has successfully launched yet another stupid phailed project without even doing the basic arithmetic calculations beforehand. They expect fresh graduates to eat broth and breads everyday? Or they are just hinting that you need to lie about your financial status, giving opportunities for these ppl to try out property invesment. On a side note, no offence but I am way off the 3k requirement already Added on March 16, 2011, 11:46 pmit depends, if those 220k buggers request govt increase it to 550k, coz all prop out of reach then we all know wat happen to fannie mae & freddie mac if govt stick to their guns, then semuanya ok u can buy those auction prop & rent out to them insteadQUOTE(totila @ Mar 16 2011, 11:41 PM) sigh... if that situation really happen, dunno shud happy o sad... This post has been edited by sulifeisgreat: Mar 16 2011, 11:46 PM |
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Mar 16 2011, 11:52 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(sulifeisgreat @ Mar 16 2011, 11:43 PM) I naive ma singapore said we dun have natural source, but we also dun hav a bunch of funny management team to manage our country. anyway, if u guys read the post abt wat to with 27k, tat will u guys some hope, do think & stay positive the govt, no comment, all tat can be said is y when we got petroleum, singapore currency still higher than us Added on March 16, 2011, 11:46 pmit depends, if those 220k buggers request govt increase it to 550k, coz all prop out of reach then we all know wat happen to fannie mae & freddie mac if govt stick to their guns, then semuanya ok u can buy those auction prop & rent out to them instead |
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Mar 16 2011, 11:55 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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of coz, now which was the funny one who assembled a high level experience team & still we lost pulau branca QUOTE(totila @ Mar 16 2011, 11:52 PM) singapore said we dun have natural source, but we also dun hav a bunch of funny management team to manage our country. |
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Mar 17 2011, 07:45 AM
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Senior Member
2,294 posts Joined: Mar 2009
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the prophecy not going wrong anyway.... the economy slow down is around the corner.. japan tsunmi is just speed up the process.... Sure GE tis yr.
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Mar 17 2011, 08:47 AM
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Senior Member
1,853 posts Joined: Oct 2009
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100% loan, multiple generation loans, credit card application that doesn't require documents to prove your eligibility.
These all makes a mockery of our monetary system, not enough money? price of things increased by an extra 0? Borrow more lah. These are what cause bubbles in our economy. |
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Mar 17 2011, 10:12 AM
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Senior Member
1,010 posts Joined: Jan 2011
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QUOTE(totila @ Mar 15 2011, 07:50 PM) according to the scheme, they provided 100% loan for property 220k to the ppl earning under 3k rite? You are a complainer who lacks the ability to appreciate things. Who told u to buy a car? If you perceive yourself to be poor then ride a bike or basikal would do. If not don't buy a house. I think your lifestyle is too lavish for your pay which is why you are thinking that everyone owes you a living. if i'm the 1 with the salary under 3k, and i need to BUY a car 1st before i BUY a house, isn't it sound even ridiculous? i have to pay another extra few hundreds to stay far far away and need to pay extra gas, parking and maybe toll somore?? (dun forget if my salary is under 3K) and if i can have higher budget, then what for i need this scheme ? hahahaha! so we can only go for old old flat in the city? HALO! IT IS SO DAMN OBVIOUS THE SCHEME DOESN"T MAKE SENSE AT ALL WEY! If you think this scheme is not for u, then don't go for it. I personally have friends who are very happy with this scheme and plan to use it. If its not suitable for you ... then too bad. Suck it up & move on like a man. |
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Mar 17 2011, 10:28 AM
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Senior Member
2,294 posts Joined: Mar 2009
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there is no right and wrong in any decision making... dun over react.
house is not everything....many ppl still hapi to rent a house WITH CHEAP PRICE. |
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Mar 17 2011, 10:49 AM
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Senior Member
1,380 posts Joined: May 2009 From: Petaling Jaya
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election.. faster come..
after election.. there will be alot of super project and everything increase/decrease... |
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Mar 17 2011, 12:34 PM
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Senior Member
1,549 posts Joined: Nov 2010
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QUOTE(CKHong @ Mar 17 2011, 10:49 AM) election.. faster come.. Election for Sarawak will happen on April... after election.. there will be alot of super project and everything increase/decrease... |
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Mar 17 2011, 01:05 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(jdgobio @ Mar 17 2011, 10:12 AM) You are a complainer who lacks the ability to appreciate things. Who told u to buy a car? If you perceive yourself to be poor then ride a bike or basikal would do. If not don't buy a house. I think your lifestyle is too lavish for your pay which is why you are thinking that everyone owes you a living. seems like this fella didn't follow a thread and simply post a bird brain replyIf you think this scheme is not for u, then don't go for it. I personally have friends who are very happy with this scheme and plan to use it. If its not suitable for you ... then too bad. Suck it up & move on like a man. Added on March 17, 2011, 1:08 pm QUOTE(TheDoer @ Mar 17 2011, 08:47 AM) 100% loan, multiple generation loans, credit card application that doesn't require documents to prove your eligibility. i wonder where is all the money gone if this happen... ?? developer? goverment? or both?These all makes a mockery of our monetary system, not enough money? price of things increased by an extra 0? Borrow more lah. These are what cause bubbles in our economy. Added on March 17, 2011, 1:14 pm QUOTE(CKHong @ Mar 17 2011, 10:49 AM) election.. faster come.. after election, the oil price will go up 1st.. after election.. there will be alot of super project and everything increase/decrease... now is the good time to call bandaran to fill up the lubang for our neighbourhood road. This post has been edited by totila: Mar 17 2011, 01:15 PM |
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Mar 17 2011, 02:09 PM
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Senior Member
1,853 posts Joined: Oct 2009
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QUOTE(totila @ Mar 17 2011, 01:05 PM) i wonder where is all the money gone if this happen... ?? developer? goverment? or both? In a bubble, nobody really wins. We are just using hot air to buy things.But yes, obviously the developers and spculators would have pocketed quite alot before the crash. This post has been edited by TheDoer: Mar 17 2011, 02:10 PM |
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Mar 17 2011, 02:48 PM
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Senior Member
1,946 posts Joined: Aug 2009
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japan definitely need more building materials eg steel, cement, wood for reconstruction in the next 3-5 years. so expect more increases on housing. reconstruction is good for japan economy since Japan construction has been stagnant for more than 20 years. all buildings in Japan look very old. it is time to build new one. Japan govt now has valid reasons to spend big $ for reconstruction as oppositions has no objection now.
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Mar 17 2011, 02:57 PM
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Senior Member
2,294 posts Joined: Mar 2009
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QUOTE(lucerne @ Mar 17 2011, 03:48 PM) japan definitely need more building materials eg steel, cement, wood for reconstruction in the next 3-5 years. so expect more increases on housing. reconstruction is good for japan economy since Japan construction has been stagnant for more than 20 years. all buildings in Japan look very old. it is time to build new one. Japan govt now has valid reasons to spend big $ for reconstruction as oppositions has no objection now. i just wanted to know! rebuild or not, any related to my? japan spend big big $$ only go to their country... wat effect to my? dun tell my few stocks market is going up wow... |
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Mar 17 2011, 03:26 PM
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Senior Member
1,946 posts Joined: Aug 2009
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japan high demand on steel, cement, wood will push price up. msia timber, plywood, MDF prices has already up recently. same to global steel price etc
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Mar 17 2011, 03:40 PM
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Senior Member
2,294 posts Joined: Mar 2009
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KL property prices losing steam, says WTW
http://www.themalaysianinsider.com/busines...steam-says-wtw/ |
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Mar 17 2011, 04:48 PM
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Senior Member
1,010 posts Joined: Jan 2011
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QUOTE(totila @ Mar 17 2011, 01:05 PM) seems like this fella didn't follow a thread and simply post a bird brain reply The term bird brain really suits you for your comments in this thread. |
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Mar 17 2011, 05:35 PM
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Senior Member
2,096 posts Joined: Oct 2007
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-deleted=
This post has been edited by cmk96: Mar 17 2011, 05:37 PM |
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Mar 17 2011, 05:39 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(lucerne @ Mar 17 2011, 03:26 PM) japan high demand on steel, cement, wood will push price up. msia timber, plywood, MDF prices has already up recently. same to global steel price etc This is a speculation only.This may not necessary is a must. Do you think in the midst of crisis and plenty of work need to be done to clear up, restoring back to normal, Japan importer will import those material now? This is more about speculation locally, and traders. Not real demand pull. In longer run, when thing become norm and reconstruction started, may be. But not right now or short term. Steel is facing lacklustre demand, despite higher price. See the latest steel company financial report will roughly give us the idea. Higher price of all materials currently is cost push, not demand pull. |
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Mar 17 2011, 06:02 PM
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Junior Member
66 posts Joined: Jan 2010
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QUOTE(jdgobio @ Mar 17 2011, 04:48 PM) The term bird brain really suits you for your comments in this thread. i'm not actually the 1 who need the scheme, i js criticize the scheme doesn't work. since u r the 1 who need to use it.. kesian u lar. i shouldn't said u as a bird brain.. (i doubt u might be the same person of that 27k )http://forum.lowyat.net/topic/1793300 This post has been edited by totila: Mar 17 2011, 06:46 PM |
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