well i m not a speculator, but loading up now to buy cheap prop in coming months. can not get one in 1997 but hope to get some good prop in 2012.. especially shops and factory lots.

For speculators, I would suggest u guys start saving a bit. Not need to go all out la. Chinese says, if its belong to u, it ll end up urs. Otherwise no need to blame or force la. (Sori har, my england not so good la)

i'm speculator, 
but i have disposed most of the units, and see what will happen in 2012/13 

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Added on October 17, 2011, 1:26 pmi still believe it won't drop much, because the statement highlighted below proven since many many years ago:-
“Because it is a market that has no shorting mechanism, it has a tendency to rise rather than fall, unless the fundamentals pulling it down are strong,”

Good for u. Smart har boss. Earn how much. Can share ga?

Lucerne kor kor. I didn't mean u la. Sori misund. It's alwiz best choice to buy shops n factories. But location is de main concern. Concept is important too. Old type of shops like shop apartment or shop ofis obsolete. Now ppl need thgs like giza, damen, velocity, icon city etc. But theres a price to pay for to get new concept investment.

i am aiming shop and factory coz during bad times u hv more chances to grab good deals.  i missed opp during 97 crisis where danaharta offered(few years after 97) many factory lot in good locations at great discounts. i didnt see much offer in residential prop during 97.  i guess most ppl has the holding power.  the opposite in US where most ppl has no holding power in residential prop.  shop/factory are still doing ok.

well, don't expect there's a cheap stuff as 1997, i think many people miss understand that there's a forecast heavy drop price at 2012/13, if that's the case; is a financial crisis then!
i'm not expert, but i would say the definition of drop means only a price correction, just give simple example:-
bought a under construction unit with 500k and VP on 2012/13, target to sell at 750-800k and advertise it, due to too many VP in same time and current demand, seller start lower down the price to 680-700k, and finally deal with 600-630k.
another example; a completed project with original launched since 2009 with 500k, current dealed and market price at 750-800k this year, due to the weak market and demand on 2012/13, seller only manage to deal at 720-770k.
i would say the price still remain high, just the escalation curve become flat or stagnant, whoever thinking to buy from developer and for own stay, don't expect any new launch with below market price.
otherwise i'll not keep some rented units if there's a heavy drop next year.

Well said dude. I'm in diff position. I dun own any but I'm managing my bosses props which can fetch handsome return. Factory bot less than 5yrs ago can double de price with 4. Offers at a time. It onli happened in tis few wks. My bosses view r diff. They refuse to sell. They r terbalik a bit wan. Proposed rental increment due to good asking price. Is tis a Gd way too???

Do you friends give you any supportive information to make that statement?

YES, THE PROPERTY PRICE WILL DROP...IT'S TIME ! Consumers, you must be very jual mahal now...the recession is near, let those who invest rugi kau kau, since they sapu a lot of the houses.

YES, THE PROPERTY PRICE WILL DROP...IT'S TIME ! Consumers, you must be very jual mahal now...the recession is near, let those who invest rugi kau kau, since they sapu a lot of the houses.

Assumption is alwiz assumption. 12% was a history long ago. I've no idea if it's gonna happen again or it could b higher than tat sooner or later, or never.

1 more Q, r u ready to face it or runaway fr wat u assumed ll happen? If u hav chosen to live w it, then b a man n face it. Plan A or B or C. Whichever plan u hav. But if u hav chosen to stay away, actually u r living in denial. I would rather face it. No matter wat ll happen, s long s v r ready n well prepared or equipped, I dun c any big prob. Econ cycles come n go. 1984, 1997, 2002/3, 2007, or later, those who r not prepared for raining day ll suffer. Those who r smart enuf ll enjoy n growth their wealth even more. opportunities r for those who r prepared for it.

Life is short. Few 10 yrs of life r not much. Do wat u think is worth doin when v r stil capable. Worries ll only make our life suffer.

Eg. I would rather live 60-70 yrs n eat wateva I like. I ll not live 100 yrs eating food I dun like. In tis case, I hav planned well for my family members. They ll enjoy de fruits when I'm no longer w them. If v plan well, it's not de matter when r v buying or selling, it's where about v r investing.

No obligation boss. Just IMHO.

hehe..what make cost to do business increase? rental is only part of it. Labour cost (import duty per head taxable by government) also part of it. the other factors, can also think of them lo, utilities, marketing, printing, comissions, etc.

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Added on October 17, 2011, 9:54 am

LOL...GDP is just like concurrent income statement. also we need to see how stong the financial support (backup) on individual.

we only can analyse the simple average here. further indept info, we need more accurate data.

1) Again, that is overall in Malaysia. How many are contributing to salary tax atm? only 10% of the people, it means the living standard is still FREAKING LOW! So you tell me, the other 90% of the people with such high living cost now days and yet such puny pays, is there anyway they can live without a debt around them?

2) Most of those who went into bankruptcy, it's not due to Home Loan repayment. The percentage had spoken, those with personal loan, credit card, hire purchase and business loan are the contributing factor. 

*You should choose to fix the problem in the first place. Bringing down the property prices will still leave us in denial.

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Added on October 17, 2011, 10:12 am

GREAT, in this case we can join the others who go bankrupt! oh wait i forgotten to tell you, i am only paying 1/5 of my current nett income to serve my home loan repayment. I guess it's not a problem for me if it goes up to 12%. But what happen if i lose my job? Well.. if it really happen most likely you would lose yours as well. Let's plan together to curb this issue.

"!!!Wait... my job opportunity to wash the toilet and clean the rubbish had been taken by the foreign workers... God Damn!"

*This is one exact example if we do not do the right thing. Now that foreign workers are filling all the spot, i am expecting the employment rate to go down as well for the locals. disappointed with the government management.

Face the fact bro, everyone needs to plan for themselves. If you fail to plan you plan to fail. As simple as that. Those who are doing good in such situation what makes you think that you would be better than them when time comes? I believe most of us who are capable had already planned for the worst to make sure if there is anything happen, i would still have a backup plan. Question is.. Do you have one?

Paper money value is dropping everyday, your RM1 might be RM0.10 next day you know. By the time with 12% interest most likely my net income will be much higher compared to what i have now.

*No one is that dumb, % of interest will increase gradually if it really happen like what you've said, the government is asking for trouble. from 6.5 >>> 12??? well they are asking for RIOTS in whole nation if they do so.
*Those who are renting will not have a place to rent, those who are still serving their loan most likely will just bite on to 1 property and work their ass off in repayment.

-Home loan may not be the number 1 reason for bankruptcy as it is a mortgage. If you can't pay it, they will just sell your house, plus home loan interest rate is not that high compare to personal loan or credit card.

-Exactly. We have to plan. And the plan now is stay away from property market at the moment.

-12% was an exaggerated figure, but my point is, the interest rate will go up soon.

Rates did shoot up to >11% in 1998 very suddenly (yes, almost overnight), but that was because our govt need to fend off a currency attack.

Fortunately, it was quickly re-adjusted down due to 'various reasons' (the rest is history.....)

But the lesson to learn : - that was all it took to spook the market - property price did drop after that b'cos people got fearful.

Only few 'new' launches in 1998 - 2002, and they were all below pre-1997 prices.
So, 2012/2013, will history repeat?

Do we have a trigger coming up? Something that will spook the market badly?

If it does happen, I am worry that it will be much worse,
b'cos unlike 12 years ago, nowadays many people living on credit.