money is for rolling..LOL

basically, your RM1 can buy RM10 worth property ma. Sometimes if lucky, you will get 100% loan or more. LOL

P/s: yeah, more sq ft of land are gone each year. Not everyone can own a piece of earth.

I'm an economic adviser to central banks in APAC.

then u must be here to collect informations...

I m here to help 
if they have abt RM5k++ then they can rent from me decade after decade.. choices limited to kl, pj & sj 
but every few years i must raise the rental. no choice la, its called inflation 

no idea wat is inflation? ask ur frenz fenz to talk to their nenek moyang or great granma
wat was their regret or was keeping duit in milo tin under katil a goodie option 
the stories u hear wil be almost similar, to wat ur cucu is gonna ask u decades later

those frenz2 like to hav the option to move around location every few years, means they like to do packing all d time
as they can't decide where they like & prefer the flexibility to be choosy 
BUT TIME & TIDE WAITS FOR NO MAN OR WOMAN  ask them to read the fine prints & dun simply pluck from air
I m only a fun consultant to my AWEK 

Actually, this is also a sign that things are heating up too much too fast - when you have such runaway optimism.

I live thru the 1998-2002 crisis, and bought a DS link each in 1998 and 2002 (start and end), so I remember clearly how it was then.

IMO, history is repeating itself.

My house hunting started in 1994.
That time in Shah Alam a DS link 20x 70 going for RM128K (section 7, Worldwide Dev's first project)

That time no money for downpayment, so waited to save money. (Just like 2004, houses still cheap)

In 1996, price shot up to 180-200K. Mouth opened like dying fish.
Bukit Jelutong DS link was going for 280-350K. People queue overnight to buy. No joke.
Every launch I go to, big or small project, same answer - "all sold out"
"But if really interested, Mr Wong there got 5 units. Can ask him-lah."
And Mr Wong will be very happy to pass you one unit, at 30-40% premium.
(Just like now.....)

1997, made my big mistake. I PANIC buy a DS link in the outskirts. 

3 months later, crisis hit hard, same developer launch next phase at 15% lower price
Remember myself and few buyer got very angry and went complain. Waste time, of course. 
In 2000, same house in my row lelonged for 90K. Pity that guy. 

1998, subsale DS link in BJ dropped to 250++. Can only watch with mouth drooling.
2002, I sensed the crisis is ending. Went hunting again.
Bought nice DS link, nice location, above average specs, branded major developer - 200K
Similar unit would have cost at least 250K in 1996, at the peak.

2004 economy got better, price start moving up again.
To compare, Denai Alam first launch at end 2004 is 270K, smaller and lesser spec than my 2002 house. But DA got glamour factor.....

Don't know about you all, but for me, Deja Vu......

Lessons learned :
1.  NEVER NEVER panic buy. You are feeding the speculation frenzy.
2.  If young and can wait, may be good to wait.
     However, wait also got costs. Rates can go up, tenure go down, MRTA go up.
3.  In crisis, prices in prime area can drop a bit (but BJ did recover faster than the rest)

I am a real estate NEGOTIATOR

Now, let me ask "who are you" again?
Do you understand my job?
Do you understand property market (Bolehland context)?
Do you understand property investment portfolio?

who are you to spout nonsense here?
Let me teach you, I make more bucks when market crash / volatile.

We (real estate agent) make money when there is demand and supply >>>>>>>>>>> New Sales Commission
We (real estate agent) make money when there is demand and no supply >>>>>>>>>> 2nd Hand Sales Commission
We (real estate agent) make money when there is supply and no demand >>>>>>>>>>> Rental Commission
We (real estate agent) make no money only when there is NO DEMAND and NO SUPPLY!! 

hi all, I have been staking this forum for a while and despite being of the opinion that the property prices will burst in the near future, especially condos, my bf and I decided to by a subsale condo anyway. let me just share my reasoning with you.

firstly, we are not investors, just normal employees with a fix pay cheque. we currently need some where to stay and my pigeonhole studio is just too small for two.with some luck, despite being very fussy people with different needs, we found a condo that we both like. before a decision to buy was made some of our friends in real estate told us to wait for a year as prices will be more reasonable next year, or for the price we are paying we should buy a freehold landed instead of a leasehold condo. we went ahead with the purchase anyway for the following reasons-

(A) leasehold is not a concern, we not going to live another 90 plus years.

(B) for people like us who are hardly at home, condo is easier to manage and safer.

© and relevant to this thread, a property for own stay is more passion than business sense. even if next year the property price goes down 20%, there is a risk we will not get the unit that we want. since we already found something we both like, it is no point gambling on the uncertain.

IMHO, for house owners, if you find some thing you like, go for it. it might not be there next year.

bro/miss,
very very good post indeed. well written with a lot of supporting facts.
one of your sentences stand out in particular.  A loan of RM500,000 at BLR-2.2% for 25-year tenure is around RM2750/mth - affordable or not?
for example, a household in areas as described by you say PJ area. even stand alone pay check (individual) is already much higher than that not to mention combined or household income. but what i generally feel in today's younger generation mindset is FEAR OF COMMITMENT. am sure they have no qualms in splurging rm3k for the latest ipad + accessories or RM2.5k for the latest smartphone + accessories. at most, they sign up for another 2 years plan or something.
BUT, ask them to commit RM2k for 30 freaking years, they will start balking.
in reality, yes, they can afford it. i think it's more a psychological fear in making such a long commitment.
again, just my humble opinions.

food - budget a bit lor. everyday don't spend more than rm10 or at most rm15 per day. so rm450.
insurance - if no money how to buy insurance. having said that, buy minimum lor. rm150 per month.
car loan - everybody automatically assume this is a compulsory items when IT IS NOT! buy 2nd hand car. the car i'm driving market value is <RM4k. enough said. i assume RM0. if got also for short term base on cheapo car.
car maintenance - petrol + maintenance + insurances + misc. personally (mine is approx <RM500/mth). so i assume the same.
parent - subjective
movie?book?drink?phone?notebook?internet? - are all these mandatory items? cap it at rm300.
rm1.4k excluding $$ for parents/siblings, utilities payments and rental/mortgage.

but not everybody is a cheapskate like me.

breakfast make yourself lor ...
2 telor half masak - 80 sens max
2 slices of gardenia bread with spread (swap between jam, majerin, peanut butter) - 30 sens max
1 small apple / orange - 80 sens max (pasar malam price)

Can do?

That's what I am. no joking 

Don't quite get what you mean but considering someone with RM3k. I calculated before the best bet i can go for is a RM160,000. Anything above please reconsider. Usually only can get walk up apartment but still it's a bargain. I would not use the term as an investment if i were to consider buying a property instead i always think of it as a saving for myself. Imagine this, for eg: i am saving rm1.5k monthly into my bank.. instead of putting in bluntly into my saving account i use this instead to buy a decent place whether for own stay or renting out. If it's for own stay, i save up on rental, if for renting out most likely someone will be paying partially of your loan repayment to the bank for you.

After 5 years even if the home which we purchased did not appreciate! i still get back my savings! that's how the way i see it, but of course you have to endure in order for you to get the initial 10% down payment. I ain't that lucky as compare to some others who already had a home in Klang Valley. I had to fork up extra for accommodation and food. For those who are staying with parents i don't think there is any reason for you not to save and get a home as part of your savings.

No CHANCE of property pricing getting down.
just hoping....

Property Bubble Seminar (Sept 17) 
     

By Geraldine Goon of theedgeproperty.com 
Tuesday, 13 September 2011 14:50   

Event: This seminar explains the mechanics of the property bubble and how this may affect property investments.

Date: Saturday (Sept 17)

Venue: Wisma Pantai, Plaza Pantai, Kuala Lumpur

Contact: Laila 03-2283 1740

The real estate bubble in Australia has taken its next step forward as noted in Agents dump sellers over 'dream 2010' prices

http://globaleconomicanalysis.blogspot.com...?x#echocomments

--REAL estate agents are dumping vendors who are stubbornly holding out for "dream 2010" prices instead of dropping their reserve in order to wrap up a sale

(This situation I should think will happen in malaysia next year......)
With the number of properties in Melbourne at record highs and listings set to increase over the spring, agents throughout the city are telling growing numbers of vendors that they can keep the house and are walking away.

Barry Plant managing director James Hatzimoisis said there came a time in the sale process when agents had to make a commercial decision and drop vendors demanding substantially more than the market was willing to pay.

"There comes a time when you have to make a commercial decision and tell them, 'I don't think I am going to be able to sell your house at that price, so it's best we go our separate ways'."

JPP Buyer Advocates' Catherine Cashmore said agents throughout the city were shedding hundreds of stale listings as they prepared for the traditional spring selling season.

While stock levels are high - RP data puts the volume of Melbourne stock at 52,611, about 34 per cent higher than this time last year - Ms Cashmore said between 10 and 20 per cent of those listings were discretionary vendors who would sell only if they could get their "dream 2010" price.

"An agent only gets paid when they sell a property so if they are investing a lot of time into something they know is not going to sell, then there is no point in wasting time on it," she said.

"We have a market full of vendors who don't need to sell and will only sell if they can get their price. They are perfectly happy to leave their property on the market in the hope that an uneducated buyer will come along and fall in love with it and pay what is on the price tag.

I guess only applicable to rakyat, BN and cronies can get "AP" to own more... 

extra income sources: income from property speculation, credit card, personal loan, ah long etc...