Are property prices going to up further? V3
Are property prices going to up further? V3
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Sep 5 2011, 09:55 PM
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Senior Member
5,488 posts Joined: Jun 2008 |
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.
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Sep 5 2011, 10:02 PM
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Senior Member
1,784 posts Joined: Feb 2011 |
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
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Sep 5 2011, 10:06 PM
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Junior Member
95 posts Joined: Sep 2009 |
property prices really will drop by at least 30% .my 2 cents..
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Sep 5 2011, 10:06 PM
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Senior Member
5,488 posts Joined: Jun 2008 |
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Sep 5 2011, 10:11 PM
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Senior Member
1,784 posts Joined: Feb 2011 |
QUOTE(ken8120 @ Sep 5 2011, 10:06 PM) I hope so too. 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. |
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Sep 5 2011, 10:27 PM
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Junior Member
30 posts Joined: Sep 2011 |
QUOTE(1ullaby @ Sep 5 2011, 10:11 PM) I hope so too. 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.. 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. |
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Sep 5 2011, 10:32 PM
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Senior Member
1,784 posts Joined: Feb 2011 |
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.. 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) btw, which one is selectively ya This post has been edited by 1ullaby: Sep 5 2011, 11:00 PM |
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Sep 5 2011, 11:08 PM
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Senior Member
1,216 posts Joined: Mar 2009 From: Cut Throat Land |
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Sep 5 2011, 11:10 PM
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2,442 posts Joined: Jan 2009 |
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Sep 5 2011, 11:12 PM
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5,488 posts Joined: Jun 2008 |
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Sep 5 2011, 11:19 PM
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2,294 posts Joined: Mar 2009 |
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Sep 5 2011, 11:23 PM
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2,442 posts Joined: Jan 2009 |
QUOTE(kh8668 @ Sep 5 2011, 11:12 PM) If got $$$ can buy la. But need to be selective lo. Imagine, if 400k drop 30% to 280k. Buy it and after 3 or 4 years it back to 400k. More than 40% gain base on 280k. This post has been edited by nkhong: Sep 5 2011, 11:42 PM |
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Sep 5 2011, 11:55 PM
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Senior Member
5,488 posts Joined: Jun 2008 |
QUOTE(nkhong @ Sep 5 2011, 11:23 PM) If got $$$ can buy la. But need to be selective lo. the question is you dare or not dare to buy at that time.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. and I do think that the possibility is almost zero lo. let's waiting for a miracle to happen. |
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Sep 6 2011, 12:00 AM
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Senior Member
1,784 posts Joined: Feb 2011 |
QUOTE(kh8668 @ Sep 5 2011, 11:55 PM) the question is you dare or not dare to buy at that time. only season players will even contemplate to take the dip.and I do think that the possibility is almost zero lo. let's waiting for a miracle to happen. others, hard earn money, sure wont risk it one. but same opinion as u, the precursor factors r not there |
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Sep 6 2011, 12:17 AM
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1,360 posts Joined: Mar 2010 |
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Sep 6 2011, 01:27 AM
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Senior Member
1,360 posts Joined: Mar 2010 |
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 |
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Sep 6 2011, 02:35 AM
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Senior Member
650 posts Joined: Oct 2009 From: Formerly Perak, now KL |
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? 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. |
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Sep 6 2011, 08:52 AM
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Senior Member
2,694 posts Joined: Feb 2007 From: KL |
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.. |
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Sep 6 2011, 09:27 AM
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Senior Member
1,548 posts Joined: Apr 2005 |
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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Sep 6 2011, 09:34 AM
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Senior Member
2,694 posts Joined: Feb 2007 From: KL |
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