i hope you knew & prepare a valid reasons to open a foreign personal currency acc & to transfer large amount outside Malaysia

If this 2 info are truth, we are heading for major bubble burst in 2012...

7 Mil households with already have around 4.5M residential & every Quarter more then 500k residential enter into market

btw i heard Hongkong newly launch properties price are lower then the average price of the surrounding
If yes, then construction materials increase reason doesn't hold water any longer jor

This post has been edited by Iceman74: Oct 16 2011, 09:54 PM

since when we get 100% on what developers promise
maybe after much publicity complained or advertising stunts

cost of doing business increase?? r u sure?
the only things increase substantial are rental(greedy owners including me - cos they peg ROI to minimum FD interest income) & wages. And these 2 are related to each others

up or down by how much, nobody really know
just dun sai lang all into properties investment...leave a cash portion(prefer a huge portion now) for future investments

but then again, the location i looking for, price are softening

[quote=Fazab,Oct 18 2011, 11:56 AM]During the beginning of the US subprime crisis, the reaction by banks were to raise interest rates.

Because they were losing a lot of money (many people overborrowed and cannot pay) they try to cover by charging those who can pay.
This only stop when the US Feds step in to bail out the bank.

True, the situation was 'saved', but at what cost to the country?

Also, US and UK can do quantitative easing - print more money like mad to save the economy - we cannot.

Can this happen in Malaysia? Fortunately our banks are still quite regulated. No funny derivatives and loan bundling.
But if too many people over-borrowed to speculate, it is possible to have a short term mini subprime crisis.

As I keep emphasizing - the question is how many people have been borrowing recklessly.

That will determine how market will go - up still, soft landing, hard landing, crash.

Manutdiggs kor is right. We can only predict. He is optimistic, I am conservative.

We choose what we want to believe in, and act accordingly. Life goes on.

[/quote]

I believe there will be crashing on Credit card overspending soon. Yesterday my wife received a love letter from Citibank to provide income proof for the Rm36k BNM regulation rule to be inforce on 1st Jan 2012.

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Added on October 18, 2011, 12:01 pm
May be culturally different for the older generation.

But take a look at the younger generation. Their financial outlook just like the Americans, Europeans.

That is what Lee Kuan Yew very worry about.

[/quote]

yup, agreed with you. younger generations are more brand/trend/product awareness

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Added on October 18, 2011, 12:08 pm[quote=insaint708,Oct 18 2011, 11:54 AM]
mind to share where is the location you looking for?

[/quote]


Puchong

This post has been edited by Iceman74: Oct 18 2011, 12:08 PM

from http://biz.thestar.com.my/news/story.asp?f...65&sec=business

let me translate it

“We are still positive on the sector for the next year and we hope, despite a prolong European debt crisis, there will be a soft landing. We believe the demand for properties will continue to be buoyant because we have a young population and there is a lot of rural-urban migration,” he said.


Don't worry, soft landing are coming but we have a lot uninformed buyers.


Leong said property purchase was very much driven by two factors job security and sentiment.

as long gov don't lose

The country's savings rate and healthy employment market are the other factors contributing to the strong property sector.

“Beginner homes below RM500,000 will meet buyers' needs,” he said.

If really bad, we launch properties with lower price, so is game on for flippers


In today's market, he said, prices of high-end homes were expected to soften a bit.

for flippers on high end market...gotcha, be prepare to hand on yr trousers

“We expect mid- to high-end uniti to be popular. Semi-detached units priced at about RM1.4mil or thereabouts will be in demand. For bungalows it will be those RM3mil or thereabouts. The location, accessibility and the availability of amenities are other contributing factors to the success of a project,” he said.

We do have same things to offer, why go for 2nd hand


At the same time, the company is also replenishing its land bank. It recently purchased a piece of land in Rawang of about 90ha for RM92mil.


see, we still can get cheap land...muahaha

the problem now is if the price remain stable, can those overleverage flippers absorb the instalment fully on longer terms if they do not reduce the asking price. Maybe a very short duration drop in properties price will do good things more then bad.

i believe you dun know the true meaning of flipping

let said you have 500k cash, either you can buy 1 unit cash or 10 units on 10% downpayment & the rest on loan

after VP, you can dispose & net gain 50k on each units for 9 units (50k x 9units = 450k)
all the profit goes to the last unit & settled the loan
end result you will still have1 unit & RM450k cash from the disposal

Your friend unutilise the chance given but dun follow me cos it hell of the ride for 2/3 years b4 VP...

haha...now in stampede mode, hope not in stampede mode during down cycle

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Added on October 19, 2011, 2:45 pmearning Millions in properties still consider normal ppl ar
me more "char" then consider what ar

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Added on October 19, 2011, 2:58 pmMalaysia Banks strict
What you see in reports are diluted by majority of small creditors, it need just a small minority big creditors get into trouble, then you will know the answer above

This post has been edited by Iceman74: Oct 19 2011, 02:58 PM

if declare 60k/year & buy shop...good luck
they will need a lot good luck

I'm not saying i dun believe you. Just that these ppl haven't being visited by IRB for teh tarik session.
The few cases happened to clients around me, some have to sell shoplot/condo to settled the penalty.
Mostly visited by IRB will not go back emptyhanded. Me waitiing for the teh tarik session also but i prepare for it.

Like the old chinese said, never see a ghost, never afraid of dark

u need to know the respective country tax law to fully take advantage of it.
That's why you have to paid top dollars to accountant/tax agent or marry 1

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Added on October 19, 2011, 8:01 pmnot to mention marry 1 with alike thinking

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Added on October 19, 2011, 8:03 pmwe safe..RM3 for a meal, that very hard to beat it
mana can cari this meal
look like "mix rice" vendor around that shop can close shop jor

This post has been edited by Iceman74: Oct 19 2011, 08:05 PM

Roy, i know is do-able until in yr case, 4th properties
the only problem is after that, in current enviroment is suicide to continue unless you can purchase properties that can generate at least 30% positive cashflow or increase yr income.

really respect you if you do continue...
me slowdown to enjoy life now, take it as it goes