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.

no lah bro..not wipe them out , just to comment only cos not possible ...
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

rural areas has less earning opportunity....
so come to urban with more activity

Man..it is not look down on rural pppl...
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.

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...

use your judgement ..... if u can afford it and have saving
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.

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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

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

i do see current subsale prices coming down a littlle...
if the BBB mentality hold a few months untl after election
prices will come down slightly.

property is about location... if it has limited or no supply oredi..

so go for it if it is within your "means".....do not put yrself on the
fence of financial capabilities...always have emergency cashflow
in hand...

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Added on March 19, 2011, 11:30 ami would seriously consider this comment...

not when the gov doing is approv. loans and more loans..
to create sendiwara.....

stuff more money into their pockets and take out of country..



This post has been edited by IMHO: Mar 19 2011, 11:30 AM

this tag line "bubble burst".. makes me wonder what it actually means. M no economist but in malaysia our bankers r very safe and play safe.
So what i see is over supply situation. n with these comes many vacant units due to speculators. The longer the owner hold and gets frigthen the rental will bcom lower. Prices will not crash but slight adjustments.<10%. Bcos property prices will always increase due to land n material cost increase.
buyers have to do homework and not just buy blindly. sellers now simply cry out high prices, n some stupid fish will catch the bait blindly.
there r some criteria to calculate properties i.e land cost to location, bult-up quality cost psf.
if u find a place u intend to stay and the price is right (say 150-200psf for good apartment / 250-350psf gd condo) then go for it, so long as u can affort it.

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Added on April 25, 2011, 10:26 pmand also, with new developments asking 500-650 psf.. i would think thrice. developer cost around 200psf.
i would wait for distressed seller when time comes. like recent auction on condos around KLCC area by foreign owner and shops at solaris MK.
when u pay premium price it will take long time for market to catch-up.

This post has been edited by IMHO: Apr 25 2011, 10:26 PM

U r right! Bolehland cannot trust toouch.
I look overall these big property owners are "cashing out"..i.e Sumway (last yr) n YTL n if not wrong a few more now Pavillion.
This is to spread out the risk if market slow and BLR increase to the public on being listed.

if make good manoey delist and corek empty and list again..like maxis.

Banks now very selective especially on commercial prop.

So think hard before investing.