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?

good one!
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.

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

which part you find crappy?

what about this part:

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!



This post has been edited by AVFAN: Mar 2 2011, 11:41 AM

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

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?

no need to get disturbed, it's human nature found everywhere esp when the circumstances permit.
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.

because more and more humans on earth now subscribe to "to have" rather than "to be" way of life.
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!

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

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.

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:


http://www.reuters.com/article/2011/03/03/...E72223C20110303
http://biz.thestar.com.my/news/story.asp?f...84&sec=business

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.

no restriction... anywhere, old or new...

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...

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.

interesting to see the debate now moving from "enough buyers/upgraders to absorb the supply" to "many rich, simply hold".

cheap and high mgn of financing has drove many to simply buy in the last 2 yrs. for every 1 rich fella who buy with cash or can hold forever, there are probably another 2 who can't hold if it stays vacant >1 year.

ya, watch the subsale market with hundreds if not thousands of new units coming onstream every month now. there should be some good buys coming.

This post has been edited by AVFAN: Mar 21 2011, 10:19 AM

relax bro... it won't be that grim either way.

that scenario is not going to happen so soon since our economy has little steam. income levels will continue to stagnate for many years to come.
even intellectual prop rights has stagnated.
http://www.themalaysianinsider.com/malaysi...ays-think-tank/

it is likely that new props will be priced beyond reach of many but there will be plenty on the subsale market, reasonable priced, many brand new, unoccupied before. just be patient - maybe not 1 yr time, but 2-3 from now. if not too choosy, you should find one rather easily then, imo.

"price come down" mean different things to different people. to me it means this:

the reality today for new similar homes:
2008 280k, speculators asking 400k today
2009 330k, speculators asking 425k today
2010 380k, speculators asking 450k today, still under construction
2011 450k, speculators asking 500k 1 month after signing SPA (there are several cases witnessed in the other threads)

the scenario in 2013 may become:
2012-13 new launches 450-500k, few buyers, less launches, slow down
subsale prices
2008-09 units 350-380k
2010-2011 units 400-450k

subsellers may soon face the scenario of 'high price-no market', forced to lower asking prices.
there will be a chain reaction, people see better value in completed houses.
speculators take a break, developers find something else to build (i hope factories and farms that produce tangible goods)
the no. of new builds for houses, condos, apts, serv apt, sohos, sovos, malls - you name it - in the last 24m is appalling.
it just doesn't make sense to think all that will enjoy full occupancy rate, price upupup when there is little happening in the rest of the economy.

notice the many bullish "reports" lately? up 30%, up another 20%, 5000psf, MRT go-go-quick, etc.?
beware a correction usually comes quietly, unannounced when the party is on.
when the first indication of a significant uptick in npls is made public, it may set a new direction.
by then, it may be too late for some to get out.
let's hope the commanders on top don't get too greedy or drugged until no return.
it is not just about cost of homes. if banks get into trouble, gomen will suck money from epf and other funds to bail them out. ordinary folks will be made suckers as again.

yes, this is probably the case. who would call for a crash while trying to sell off at high price?
the new ones being gobbled up now are probably mostly by first time gorengers or those who have offloaded the bulk of older ones.
obviously the gurus will say it's portfolio management, long term, anytime is good time, etc...
to the ordinary folk looking for a home and not profit from a transaction, it's a nightmare indeed.

but whoever buy and sell does not change what is to come next, only that dev-banks-lawyers-land off-taxman get more income - the sure winners.