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

CPI is 2.9% announced by BNM, unofficial figure definately is higher, FD is 2.7%-2.75%.

If BNM does not raise BLR, more money will goes into property as nobody want to sit and see the hard earn money being eat up by inflation.

So expect BLR to rise, if not property price will continue to raise. Either way, it is not a good news for those who are shooping for property.

15k RMB is meaning the fellow is in manegerial position, so bank factor in "side income" normally 3-5x of their basic salary.

I was inside a lift with 1 male and 1 hot sexy female prop agent at Empire Subang, over heard the male agent praised the female agent for selling over 200 properties in 1 year, average 1 per working day. Damn, she must be a millionair by now.

I thought she is hot, but prop market hotter.

If you own more than 2 prop, how to stay yourself? You think people now only buy 1 property?

People always said, when you hear auntie, uncle talks about share market in kopitiam and pasar, it is time to RUN. If the same theory apply to property, it is time to RUN now. I have never seen so many new launching in the past 2 years than any time in the history.

what is the incoming supply mean? subsales prop?

I am not good in reading chart but my sense of logic is telling me the chart does not make sense. Correct me if I am wrong, how can you have completion more than new start on average over a few years? Aren't it suppose to be opposite? new start shoud be more than completion becos some constructions may got stuck due to various reasons.

today demand is >>>>>> supply but 90% are goreng kaki. My ex business partner bought 70 units of condo and whole street of shop lot for goreng, release all in 6 months and repeat again.

This post has been edited by KLsooner: Apr 28 2011, 10:10 PM

Google translate la, our boleh gomen also use that

If CPI still >3% by year end , another 0.25% increase in OPR. Then BNM press bank to -1.8% like 2 years ago, waala an increase of 1% BLR.

This post has been edited by KLsooner: May 5 2011, 10:14 PM

Tropicana Sg Buloh already there, next is Sunway Sg Buloh, Damansara Sg Buloh, Sg Buloh residence, Sg Buloh Park City, Sg Buloh Eco park, Millinium Sg Buloh, Empire Sg Buloh, Bangsa North, TTDI Sg Buloh, Kiara Sg buloh, Sg buloh East, West, North, South...............

Many years ago when the property return over 30 years period was a mere average of 6%, FD is >6%, loan term is 20 yrs max and BLR is is +x%, no body will buy property unless for own stay.

Most people will save, save, save, buy a big landed, pay a huge sum of deposit, take the shortest loan term and and live forever after.

Today, the rules of the game is totally changed.

so, change we need. Either you play with the new rules or let the rules play you.

Singapore private condo 200 sqft cost you S299k, I am not joking, just 200 sqft. Oh my god, no wonder so many old Singaporean are retiring in Malaysia.

With S299k, they probably can get something 10x bigger in decent location.

I do not agree with this.

1. during 98 crisis, property did not have bubble. Share market was pretty high at that time and plunged 80% to 260 pts.
2. at that time, property price are considered peanut or chicken feed compared to now, even a drop of 20% was not painful.
3. most of the people are buying for own stay, almost no speculators at that time, so fire sell did not happened. Some people sell property ware to cover their margin account.
4. The higher it goes, the harder it falls.
5. Do not compare with the past becos history does not repeat by itself.
6. BLR was 12%, BNM has plenty of room to force BLR at all time low to bail those in the deep shit out.
7. 98 crisis was single dimensional currency crisis, who know what will hit us next? could be something like Japan, 3 in 1.
8. during 98, most of the western countries were enjoying good GDP growth, export helps our country to recover fast with a fixed RM of 3.80. Now every one has their own problem including China which could means doom if global economy take a double dip. A quick double dip is still better than a long and painful double dip like Japan.

I forsee if there were a property crisis in the future, it is going to be a catastrophic one. Be prepared.

Do you really think BLR is the "thing" that is going to cause trouble if prop bubble burst?

Then you have to look at Japan during the early 90s, Hong Kong during the 97 crisis, US sub prime crisis at 2008. Was BLR causing the crisis? Was the BLR too high that people are unable to repay the installment?

Check BLR in US for the past 10 years, it is at history low for any decade, yet property in US is taking a double dip this year.

BNM cannot keep BLR low when CPI and inflation rate is over 3% (gomen figure, actual figure is much higher). Gomen will only keep BLR low when property bubble burst big time to bail those in trouble out. What is the point to have 1% BLR when your property value lost 50% of its value like some Americans are facing now? Most just give up paying becos no point paying for a house half its value while using wife or relative name can buy another one half the price with half the installment.

It is off topics here. you can open another thread to talk about this or may be it has already been discussed b4.

My advice is to get life insurans instead of MRTA if you do not plan to stay there more than 10 years.

Normally for working couples, you can pay off your first house loan in less than 10 years if you really want to. Take a 15 years loan, pay 10% down, take out EPF saving every 3 years, put in all your bonuses, 7-8 years should be enough. MRTA is a waste.

If you stretch the loan too long, let say 30 years loan, for the first 10 years, 3/4 of your installment goes to interest. You can do the math.

This post has been edited by KLsooner: May 20 2011, 09:49 AM

This tells you a double dip.

Reason is simple, many people just gave up paying back the loan when the loan amount is double the value of the house. Buying a new house just cost half the price. The slowly increase in new housing data over the past few quaters tells you that. But forclosure market is getting worse because most of the US houses are made with wood and need regular maintenance and the house is in better shape when tenanted. House condition deteriorated fast when vacant and hence the value of the house took a nose dive.

When property bubble burst, it is going to take a very very long time to recover. Japan 20 years never recover, HK thanks to recent hike just reach 97 price, US double dip, yet to see the light in the tunnel. Even when the price did come back like in HK, the price is still not factor in inflation over the 14 years period.

For those without holding power, the gambling should stop now.

This post has been edited by KLsooner: Jun 1 2011, 10:56 AM

Hi Sunzi,

Your main problem is not high property price but you are not living the normal life of an 25 years old in Bolehland, you should buy your very first Vios, Vaio, Iphone, Ipad, Investment insurans plan, medical card, twice a year free and easy (so called backpack) AA travel .........etc and go hang around in disco, karaoke, night club, papaya garden................etc and start worrying that by the age of 35.

25-35 is the golden years to have FUN.

Cheers

I do not see why Malaysia prop bubble will pop as the mega bubble in China has no sign of poping in any time soon. China government has put a protection shield on the bubble to keep it as it is for the time being. China has a CPI of >5%, unofficial data show 8-10%, with minimum wages increment of 20% annually, the income will double in 5 years time and what is overheating today will be cool off.

If no major catastrophic incident happens, prop in bolehland will remain peak in certain areas, some areas may be adjusted in 12/13.

Some key dates which have major impact on prop, JULY 9th Bersih 2.0 campaign, and GE 13 (only Najib know when). With the current sentiment in prop, it is actually advantagous to BN. Those who has 10-20 props on hand surely dont want to see a change in government.