QUOTE(sampool @ Feb 28 2011, 10:20 AM)
last Saturday the cooking oil at Tesco still RM14.xxnow already 17.xx???
Financial Are property prices going to drop? V2, The heated debate continues
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Mar 1 2011, 09:19 AM
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Apr 7 2011, 02:11 PM
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When I looking for doors, kitchenware, bathroom etc, I received news that materials increases 15-20% started from April...So....
This post has been edited by edwardsiow: Apr 7 2011, 02:12 PM |
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Apr 7 2011, 02:34 PM
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unless there is economic crisis happens in Malaysia, if not, property and materials cost will always move upward.....
Added on April 7, 2011, 2:39 pmThe 20-30 years old houses around me with the price 280-350K selling like hot cakes... I just put up my old 2x years old house to sale around 300K, immediately at the same day, a lot of people called in to view the house... Buying the old properties seems like more worth to invest....in my observation... This post has been edited by edwardsiow: Apr 7 2011, 02:39 PM |
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Apr 19 2011, 10:27 AM
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QUOTE(soongkm @ Apr 19 2011, 06:46 AM) That's why you are over reacting lor, cityboy. Because you own a few real estate property in the hope it will always go up and up... Agreed..+1This will not be the case la. Talking back about China, haven't you heard that the real estate prices in 1st tier city, that is cities such as your Shanghai and Beijing, not your ulu-ulu cities, prices are also coming down already... do your research la, not talk with your die die mentality that property will always go up one. Even with the ulu-ulu places in China, do you think they plan to buy that cities and keep it empty for 10 years before people moving in, this is a clear sign of property speculation and you still want to argue against it...and Dongguan is not ulu-ulu like you always like to say la, why the shopping mall is 99% empty since completed in 2005??? No developer or buyers plan to buy a place that is completed and left empty for years...would you want to buy it? Go buy it la, with your philosophy, keep it for 40 years la, it SURE go up one... If you live buy that mentality, then why don't you go to US and sapu all the property. I know one suburb in LA called Victorville. Before the GFC at it's peak, a house there cost USD350k, now selling USD40k also nobody buy. By the way, Victorville is not your ulu-ulu place it is around 45 minutes drive to LA city. Go check it out in the internet. Buy now and keep for like you say 40 years, it will sure go up one... buy low sell high mah, this is the low time to buy, why don't buy. I'm sure you are some sort of working professional, USD40k cash is not a problem to you. Why don't you go and buy now and keep it in the long run to hedge against the inflation? Don't try to talk up the market just because you own a few real estate. |
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Apr 19 2011, 03:25 PM
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Don't always believe and refer to the price of recent transactions record..A lot of developers using "transaction" technique by reserved some units and sell them one by one (sell to own company) to boost up the price and confusing the buyers to believe the property at that area is worth to invest...
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Apr 19 2011, 03:43 PM
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QUOTE(eugene jk @ Apr 19 2011, 03:32 PM) Couldnt agree more... thats one of the famous tactic nowadays... just do a booking without commitment bcos developer belum dapat AP... by the time sign SNP, all drop out 1 by 1 and agent call up 1 by 1 from the waiting list... but at the beginning, when looking at the sales chart it looks blardy good bcos after you book, not necessary have to buy.. there is where developer take advantage to increase price due to the "virtual high demand" You will feel very unbelievable when you visit any new launching projects...they could sell 90% within two weeks...most are "virtual" buyers...Developers had created a "false" environment and "false" market... |
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Apr 19 2011, 03:54 PM
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QUOTE(eugene jk @ Apr 19 2011, 03:46 PM) Msia prop will be "soft landing" soon.. escalation wont happen forever and I dun think price will drop also.. it will just slow down and appreciation wont be as drastic as these few years .. at this time, locals will slowly digest and consume as inflation increases .. Prices will be adjusted when those developers stop to "support" the prices and wait for other people to continue supporting the prices...if the people can't absorb the prices, the prices will drop to a level which people can absorb....like stock market...If you say "Prop price adjust" means "drop", I dont think it will drop overall, probably small segment but not the entire nation.. Overall, prop price wont drop as long as cheap financing still fueling the market.. Property will still appreciate in the long run.. p/s: watchout for BTS which government plan to imposed in 2015.. if this really take off, prop price will soar even higher.. |
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Apr 19 2011, 04:25 PM
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QUOTE(eugene jk @ Apr 19 2011, 04:09 PM) Very unlikely at the moment.. either launch at almost same price or slightly higher within the vicinity... Berjaya wont launch RM400k condo in Bukit Jalil, I&P wont launch RM500k terrace in Kinrara.. Only 1 condition you will see unusual cheap prop in prime area "during a major down turn in econmy" like asian financial crisis and US subprime.. We are "helpless" people...most of us are led by the nose all the time...they are created an environment which the big winners are developers and government..You may find cheaper launching price at outskirts |
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