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 Are property prices going to up further? V3

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kh8668
post Sep 5 2011, 09:55 PM

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yeah....u can try to sell all your properties now, and rent a room from others while waiting for the crash with your cash stanby. wink.gif
1ullaby
post Sep 5 2011, 10:02 PM

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kh8668 bro, good to hear these voices actually, it shows some holding back on the ground, all the way bbb den jia lat, good for long term wink.gif
ken8120
post Sep 5 2011, 10:06 PM

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property prices really will drop by at least 30% .my 2 cents..
kh8668
post Sep 5 2011, 10:06 PM

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QUOTE(1ullaby @ Sep 5 2011, 10:02 PM)
kh8668 bro, good to hear these voices actually, it shows some holding back on the ground, all the way bbb den jia lat, good for long term wink.gif
*
hehe..yeah...

buy still can buy but be selective lo. tongue.gif


1ullaby
post Sep 5 2011, 10:11 PM

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QUOTE(ken8120 @ Sep 5 2011, 10:06 PM)
property prices really will drop by at least 30% .my 2 cents..
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I hope so too. tongue.gif

actually so you read that many speculators/investors are prepared in this forum itself, will the support go so low?
the market need to catch the core players offguard, then you'll see some real selling.

drop, perhaps, stagnation, maybe, but sharp drop, many are waiting to pounce la.

marcusho
post Sep 5 2011, 10:27 PM

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QUOTE(1ullaby @ Sep 5 2011, 10:11 PM)
I hope so too. tongue.gif

actually so you read that many speculators/investors are prepared in this forum itself, will the support go so low?
the market need to catch the core players offguard, then you'll see some real selling.

drop, perhaps, stagnation, maybe, but sharp drop, many are waiting to pounce la.
*
If RPGT 30% for 2 years and bank loan calculation on net pay instead of gross pay is implemented today, What is the immediate consequences? Which segment of the market will be most affected? Please speculate.. smile.gif
1ullaby
post Sep 5 2011, 10:32 PM

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QUOTE(marcusho @ Sep 5 2011, 10:27 PM)
If RPGT 30% for 2 years and bank loan calculation on net pay instead of gross pay is implemented today, What is the immediate consequences? Which segment of the market will be most affected? Please speculate.. smile.gif
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This is nothing compared to last yr our 70% ltv or 60-50% ltv seen in other countries.
Our measures are mild la and more can be taken.

Im not here to speculate. Im here advocating a slowdown is good. Am only stating my
opinion on the near term direction of the market.


Added on September 5, 2011, 10:59 pm
QUOTE(kh8668 @ Sep 5 2011, 10:06 PM)
hehe..yeah...

buy still can buy but be selective lo.  tongue.gif
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btw, which one is selectively ya brows.gif

This post has been edited by 1ullaby: Sep 5 2011, 11:00 PM
duckaton
post Sep 5 2011, 11:08 PM

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QUOTE(ken8120 @ Sep 5 2011, 10:06 PM)
property prices really will drop by at least 30% .my 2 cents..
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still it is the price 2 years ago.
property has been appreciating averagiing 10-20% every year.
no point waiting.
wanna buy, just buy.

just dont get burn when zeti decided to increase the blr later.
nkhong
post Sep 5 2011, 11:10 PM

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QUOTE(ken8120 @ Sep 5 2011, 10:06 PM)
property prices really will drop by at least 30% .my 2 cents..
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If 30%. 500k will become 350k. 400k become 280k. Mcm karnival sales. Very tai.
kh8668
post Sep 5 2011, 11:12 PM

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QUOTE(nkhong @ Sep 5 2011, 11:10 PM)
If 30%. 500k will become 350k. 400k become 280k. Mcm karnival sales. Very tai.
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you will not dare to buy property at that time lo... biggrin.gif
TSsampool
post Sep 5 2011, 11:19 PM

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QUOTE(duckaton @ Sep 6 2011, 12:08 AM)
still it is the price 2 years ago.
property has been appreciating averagiing 10-20% every year.
no point waiting.
wanna buy, just buy.

just dont get burn when zeti decided to increase the blr later.
*
blr will only increase in 2012... this yr is feel good mood...
nkhong
post Sep 5 2011, 11:23 PM

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QUOTE(kh8668 @ Sep 5 2011, 11:12 PM)
you will not dare to buy property at that time lo... biggrin.gif
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If got $$$ can buy la. But need to be selective lo. tongue.gif

Imagine, if 400k drop 30% to 280k. Buy it and after 3 or 4 years it back to 400k. More than 40% gain base on 280k.

This post has been edited by nkhong: Sep 5 2011, 11:42 PM
kh8668
post Sep 5 2011, 11:55 PM

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QUOTE(nkhong @ Sep 5 2011, 11:23 PM)
If got $$$ can buy la. But need to be selective lo.  tongue.gif

Imagine, if 400k drop 30% to 280k. Buy it and after 3 or 4 years it back to 400k. More than 40% gain base on 280k.
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the question is you dare or not dare to buy at that time.

and I do think that the possibility is almost zero lo. let's waiting for a miracle to happen.
1ullaby
post Sep 6 2011, 12:00 AM

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QUOTE(kh8668 @ Sep 5 2011, 11:55 PM)
the question is you dare or not dare to buy at that time.

and I do think that the possibility is almost zero lo. let's waiting for a miracle to happen.
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only season players will even contemplate to take the dip.

others, hard earn money, sure wont risk it one.

but same opinion as u, the precursor factors r not there
cranx
post Sep 6 2011, 12:17 AM

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QUOTE(nkhong @ Sep 5 2011, 11:10 PM)
If 30%. 500k will become 350k. 400k become 280k. Mcm karnival sales. Very tai.
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problem if the value of property is a lot lesser than the loan balance amount, do you think the bank will ask you to top up the balance?
cranx
post Sep 6 2011, 01:27 AM

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start to run when you see more of these statements from the media.

QUOTE
Property prices in Malaysia have not “skyrocketed”, compared to China, Hong Kong and Singapore, which have recorded price increases of between 40 percent and 60 percent since 2008, said Datuk FD Iskandar FD Mansor Iskandar, Group Managing Director and CEO of Glomac Bhd.

“We are in a highly-regulated industry so it won't be possible to have an asset bubble here,” The Business Times quoted him as saying.

Overall, property prices have been increasing by five to 10 percent annually, which he said is healthy.

“Property prices will continue to appreciate, as land and raw materials become more expensive,” said Iskandar, who is also the acting Deputy President of Real Estate and Housing Developers' Association Malaysia (Rehda).

Iskandar is certain that Glomac will post double-digit growth of 30 percent within the next two years, attributed to the company’s current development projects.

Glomac has unbilled sales of RM550 million as of 30 April 2011 and 13 developing projects across Johor, Kuala Lumpur, Rawang and Sungai Buloh, with a gross development value (GDV) of RM3.8 billion.

Additionally, the Glomac Damansara project in Petaling Jaya, Selangor will continue to contribute to the company’s revenue and net profit.

“The MRT (Mass Rapid Transit) project will instil confidence in buyers and many residential projects are expected to benefit from the implementation,” Iskandar said.


Asset bubble impossible in Malaysia, says Glomac CEO

Veda
post Sep 6 2011, 02:35 AM

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QUOTE(cranx @ Sep 6 2011, 12:17 AM)
problem if the value of property is a lot lesser than the loan balance amount, do you think the bank will ask you to top up the balance?
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Sort of like a margin call for property loans? It's possible if such an unlikely situation happens. There are various clauses in the (obviously lop-sided) loan agreements to safeguard the bank's interests.
hazairi
post Sep 6 2011, 08:52 AM

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Household loan growth in Malaysia accelerated to 12.5 per cent in May, while household loan applications and approvals remain elevated - which may provide a justification for one last hike to pre-empt further build-up of household leverage.

"Household debt at 77 per cent of GDP (gross domestic product) is now the highest in Asia, with debt service approaching half of household income, even before the OPR was raised.


Read more: Malaysia likely to raise key rate: Economists http://www.btimes.com.my/Current_News/BTIM...l#ixzz1X84DgS7R

Household debt is now the highest in Asia? Be prepared guys..
prody
post Sep 6 2011, 09:27 AM

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QUOTE(debtismoney @ Sep 5 2011, 08:11 PM)

-A housing affordability chart carried in the The Edge Financial Daily on August 15 showed that property prices had risen from 5.9 times income in 1989 to 10.9 times income in 2010.
QUOTE(hazairi @ Sep 6 2011, 08:52 AM)

"Household debt at 77 per cent of GDP (gross domestic product) is now the highest in Asia, with debt service approaching half of household income, even before the OPR was raised.


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These numbers are very bad.
hazairi
post Sep 6 2011, 09:34 AM

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QUOTE(prody @ Sep 6 2011, 09:27 AM)
These numbers are very bad.
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wadya expect? The highest in Asia.

My advice to all is if u guys plan to buy property now, think twice.

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