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Financial Are property prices going to drop? V2, The heated debate continues

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whycare
post Feb 24 2011, 12:41 AM

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QUOTE(whiterival @ Feb 23 2011, 10:51 PM)
I heard that property in the range of 500k-800k will continue to march on and if the BUBLE breaks, it wouldn't be affected that much... coz many stil can afford it... unlike the higher ends one (800k and above)...
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I doubt many people can afford property 500k-800k... For most of us, affording property at 300k is still a problem. Many Malaysian are earning just 3k-4k / month. Buying a 300k will cost them 1.5k in monthly repayment, which is almost half of their salary, excluding maintenance and other fees!!!
whycare
post Feb 24 2011, 08:46 AM

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QUOTE(GlobalKL @ Feb 24 2011, 06:46 AM)

what does it mean? means a lot of people now go for secondary market instead of new launch as new launch is more expensive nowadays...

so if you plan to buy good subsales property, then act fast before grasp by others.
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According to contractors, developers, agents, worldwide raw material price such as concrete, steel, materials, labour are all going up. There's not going to drop anytime soon.

New launches are not going to be cheap anymore like 2-3 years ago.
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