Reported..

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Added on June 28, 2011, 11:45 amu misunderstood Kochin's meaning...it is not how much u saved..

it is no point to pray/gambling for prop price to drop. we shud instead sharpen our skills, improve our country/govt competitiveness and so everybody can afford to own many properties. just like Singaporean, Shanghainese etc,, almost everyone can own prop and some even rent out prop to foreigner/outsider etc. why? because they have good people and good govt. p/s: most shanghainese are previoously from other provinces (almost 2/3 of them), they became shanghai resident becos they work harder and earn more $. i also hope that kl can become a great metropolitan like shanghai..

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if our city like sg or sh then sure no problem lah... the world's financial train head!!

This post has been edited by sampool: Jun 28 2011, 11:46 AM

Still want to go on?

Gerald Celente Predicts Economic Armageddon by 2012

has anyone has any opinion on the crash level base on the type of property IF property price does drop.
for example:
how severe for landed property price drop compare to high rise
how severe for large size high rise compare to small size high rise

can refer back to 2008 property prices as reference.

price of landed property are not going to drop within this 2 years based on supply demand. Still plenty of demand in the market now but for next 3 to 4yrs really hard to say .

change of thread title..good one.

assuming the sharp increase started in 2009, assuming property boom and bust cycle is around 6 years, we might be looking at 2014.
those who have waited, you are only half way there, are you going to wait further or take the plunge ?

case study.
http://en.wikipedia.org/wiki/Irish_property_bubble

and the battle rages on.

This post has been edited by kochin: Jun 28 2011, 01:11 PM

Definitely wait. I bought my house in 2005 and was thinking of upgrading to a nicer home in 2010 so had a look at the prices then.
I was pleasantly surprised that my own home had appreciated by about 80%.

Then I had a look at potential places for upgrading and saw that the prices in those places also had increased by a similar margin.

After some thinking I decided it was not worth spending additional x amount to move to a nicer place, which I can use for many years for other things such as child's education, holidays, electronics, food, etc.

I don't mind staying in my current home as I did my research back then to pick a good one. I will definitely stay here unless prices come down in a big way again. It's simply not worth the extra money to upgrade from my current house.

Lazy to search for the earlier published chart. I roughly remember that during year 1997, the high rise price averagely dropped 15% and landed properties depending on type of property whether terrace, semi-D or bungalow(5% to 12%) but the terrace dropped the least. However this time around, it is my own observation that more people goes into property compared to year 1997. Back then, lots of people invested in the share market, interest rates much higher and more bonus for the employees.

During a severe crash, bank would be overcompensated and there would be credit crunch. The market is out of cash and people cannot get loan to finance their purchase. A panic sales in the market could cost the price to drop well below the price before the boom period. At that time, we could be talking about more than 20%.

This post has been edited by GangHo: Jun 28 2011, 01:54 PM

if the price drop due to poor economy, yr current prop also drop. r u sure u still want to upgrade as u need to folk out more $ while your job is uncertain?
like i said, why u all hope for a crash? if we work harder/smarter , we earn more and we can upgrade to a better home. since everyone earn more, the economy is good, more investments pouring and more opp for all. and i like to compare to shanghai again. the ppl there are happy and many upgrade to better home, as they know they will earn more due to their high compentency in workplace and many mnc are coming to hire more ppl to expand biz. now china looking to expand internal consumption, old day=made in china, now= made for china. if u stay in sh long enough u will know how efficient is their ppl. from sales coordinator up to managers. also their courier service can reach within a day in sh. i found even sg also cant match...no one in sh expect their doc to arrive the next day...cant imagine how hard working the chinese ppl.. bank are open til late nite, all bank open on weekend.. inter bank giro transfer can reach next hour, outstation /province giro can reach few hours later. how we to compete ??

It's interesting to know that Irish property tripled during year 2000 to 2006.

A quick calculation reviews that for a combined household income of RM20,000, interest rates of 4%, 30 years repayment. The family could be able to get a loan of RM2,000,000 with a monthly repayment of RM10,000 per month. The question is how many household has got a combined income of RM20,000? Since many has jumped into the property market, the eligibility to get loan would be less now.

Therefore, the ultimate limit of house price in our market could be less than RM2,000,000. And for those who own multiple houses, they might have reached their own limit. Who is going to afford those houses if the house price going up further? As reported in the newspaper, our property market is mainly supported by locals. What then is our buying capacity? If our income is say half of Irish, then our house price limit would be?

Our Pos Msia increased posting fees by 100% recently.

Yet just found out registered mail from KL-Ipoh took more than 1 week like 10 days to arrive. Poslaju for normal post cost nearly RM25 from KL-Spore. Dare no consider normal post may be 2 weeks to send a silly envelop across Sg.

..... what more to add. 1-My Sub-Standard operation procedures lah. Cost more, produce less.

I think it will be good if we have hard data to look at... Does anyone know where we can get hard data on housing price index for the past 20 years? We will be able to see the peaks and troughs... At least, it will provide indicative percentage... I remember reading a report that there has been no "trough" for the past 10 years...

house data must as well supported by salary data... for comparision.

wah!!! u so efficient ya... u are hired!

If both prices drop in similar matter it will be cheaper for me to upgrade.
Of course if my job is uncertain I won't upgrade.
My motto is more like "work to live" instead of "live to work" so I won't go working harder just to give some developer more profits.
I will only upgrade my home if I feel prices are normalized and my job is secure.

A crash is not necessary, but I do wish that the current trend of a slow drop in property prices in Malaysia continues and that the drop in property prices also starts in Klang Valley. Property bubbles are not good for the economy.

Just prediction only ya.....

This post has been edited by sampool: Jun 28 2011, 02:50 PM


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Waaa... What a prediction!!! I don't think it will drop so dramatically...