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.

I can accept if you said last 2 years the bubble didn't burst.

But what you didn't realise is your forecast is as grim, as if there was an economy crisis.

Let's say you are right and everybody can only afford to rent, this will mean that the cost of living has gone up. The next generation can't afford to buy new props, unless they are extremely resourceful, or come from rich families, because props have become "scarce".

Is this really what you guys want?

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Added on March 22, 2011, 1:40 pm
Come in here checking out whether props will drop. Because that's the only hope for us.  That's what this thread is about isn't it?

You're so sure that props won't drop, and if you feel irritated by our comments, why do you come here? Simply to mock the poor?

the price is dependent on the seller
seller can jack up even higher price
they can say ok today i'll sell 350k.. next 2 month i'll sell 370k.. then 400k
the price they state oni ma..
important thing is.. did they really sold their house ?   or they're just praying for luck ? waiting water fish to buy their props..
those that can tahan monthly installment.. ok la.. they can put whatever price they like..
wait till those kenot tahan.. boom ~ here comes the auction

The signs are there it is just a lot of us are too blind to notice. Every company can become a developer, major projects everywhere, everyone talks about property investment, media telling how much further it will go up.

this is DANGER!!!

though, it doesnt mean the bubble will pop immediately. I believe the US property bubble took 6 or 7 years to burst?

yep, a matter of supply and demand, but u forgot the big one - speculators or flippers buying and holding by the dozens. and we know there are plenty just here! if they can hold forever, then it is a non-issue.

dun be so sure about "hardly a glut". when you see it, it's too late to change yr mind.

Non sequitor :

Yesterday, I talked to a bank agent, and to my surprise, he says I should be able to get a loan of more than 40% my basic. My credit card credit limit according to him is not important, whereas if I always paid them it will be good for my chances.

Who were the voters? If people from the property industry or developers then of course the answer will be 'price gonna increase'. Typical!

Ya, that's why when people said Malaysia is different because we don't hv subprime, i really doubt it.

Maybe the reason why these people said we don't hv subprime is just because our banks are less sophisticated and don't hv a system to differentiate what are prime loans and subprime loans.

Out banks don't hv a perfect system when come to giving out loans, that's why some people managed to find loopholes (banks just want to hv a nice "loan growth" rate to push share price higher, and more loans means more income to the banks) and overstretched, heard of someone was managed to take many loans (including cd cards, personal loans and housing loans) from different banks and the housing loans were more than 10X his gross salary. and i don't think this is an isolation case. Do we not hv subprime loans???

Professor Harvey S. Rosen of Princeton University explained, "The main thing that innovations in the mortgage market have done over the past 30 years is to let in the excluded: the young, the discriminated-against, the people without a lot of money in the bank to use for a down payment.

wah 2 weeks up 20k
one year up 500k loh
what are you wating for?
fast fast grab laa
maybe borrow from loan shark also worth it

Can't agreed more 

i think most genuine buyers are rationale la. as property prices in certain aread shot up more than 50% over just 2 years time, i think it's reasonable for a genure buyer to expect (pray for?) an adjustment of 10-20%. I don't think forummers here are expecting 50% drop in prices. I for one will definitely grab the condo that i have been monitoring if the price drops 10-15% because it's for own stay. And i don't think we are asking too much and we are not waiting for the bottom/crisi, but waiting for a more reasonable pricing only.

in fact if prices stagnant for 3-5 years also can buy already. Coz while the sellers are paying maintenance fees+bank interest, we the buyers on the other hand have 3-5 years more savings.  Prices stagnant for 3-5 years, adjusted for inflation, can also considered discount 

As for the erosion of my savings because of inflation, there are other ways of investing money la LOL. But for the sellers, paying interest to bank and other fees is a MUST 

Besides, there will be new launches (developers will have to keep lauching to survive, otherwise share price will drop), market will always have supply, more choices for those who can afford to wait. If the income of malaysian are not increasing at the pace of property prices, the buyer pool will shrink forcing an adjustment. Of course, again, this is my view and my stand.

Anyway, i do believe that there are fairly valued properties in the market, we just need to search harder, once find it, then buy all means, grab it

oh, it will be a range of results.
some will keep vacant, keep paying for 5 or more yrs.
some will rent cheap.
some will sell quick.
some will end up lelong.
it's a matter of yr view on how many gorengers have the resources to pay for it all.
me, i think a good %, say 30% are quite poor, overborrow, thanks to the lax banks wanting to make $.

if you get into the specifics, you get nowhere. we should keep to the generalities so as stay relevant to the thread topic. just as there are some props that will thrive come what may, some will die standing! moreover, if there are units "guaranteed" to win, will the price justify a continued "guarantee"?

this thread has been fair, imo. while there are some who try to use it to talk up prop prices, there are others who will want to talk it down. yet some will like to talk it flat or not talk at all. 

ok to keep going this way.

Well most of the inflated property price nowadays have rental yield <5%.

This is utmost unreasonable return, with large capital outlay required, low liquidity and high maintenance.

Bear in mind, the +-5% rental yield doesn't even take in the maintenance cost of condo / maintenance cost of the property.

“If you expect property prices to drop, it will not drop,” Liew told reporters in Kuala Lumpur today.

“The costs don’t allow anymore. The costs have gone up so much.”

Yes, they can afford to own properties but they prefer to own brand new continental cars and changing every 3 years. Only very few are investing into properties.

I f you compare rental rates of property compare to their value, renting is more viable. The owner can't even cover the interest alone