You thought this is stock market? 

i live in town ( tong shin near bukit bintang) bought in 70's by grandma i think not exceed 100k..i think today price is 1 Mil + .. will it means will drop back to 100k? even in bad times i still can sell 1m ..it just mean it wont increase further but property can nver drop

houses at tmn segar cheras use to be 70k 20 years back today is at 400-half mil ..

Yes but dont think it drop below your buying price unless some panick selling like u are bankrupt or need money etc If market burst ..profit lesser loh

show me the drop of transactions but not asking price. LOL...

i got a property last month i ask for selling at 160k. this month i ask for 140k. maybe next month i will ask for 150k. so what?

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 lol when ppl talking about gold std in property thread.

well, to understand and appreciate the value of the gold, you have to understand how our currency works first.

our bnm reserve, and other central bank reserve consist of a basket of currencies and gold. that's their way to preserving and managing their currency.

therefore, it's very simple logic that one goes down (especially currency like USD, EURO - most widely use currency in trading), gold would be their only alternative.

yes. gold has no value, but any other precious material could replace it? consider the culture and acceptance of standard worldwide. gold still holds their value pretty well.

nobody knows what is going to happen in the future but for the past 2 years, those who holding props sleep very soundly and those who yet to buy cannot sleep because getting edgy...fortune may reverse but until then

Not really, still got a lot ppl playing both site....my group of friend all play both game.....now a bit suffer lah....fire kena tangan oledi.

One of my friend earn 400k++ from share market since 2008 - Jun 2011 and then he very tamak lor July 2011 go to refinace 2 prop and cash out 400k and pump in to share market and more "sohai" is almost all the money buy to same counter.....

Now the counter share all the way down from RM1.80 drop to RM1.20++, last week i makan with him...he's want me to belanja......wei...brother he's is Millionaire ler....muka masam sangat lor....

Now needed to serve many loan lor....CC (money cash out to share market), Car loan (new car jz bought this year), 3 props loan (last time only serve 1 housing loan).

Now he's is a little bit scare oledi, think until kepala besar to find solution and call out "lan heng lan di" to help.....

Money for risky investment is money you can afford to loose.. if not then don't play2..

Any insiders or whoever studies the developer's balance sheet know what is the profit margin for a typical housing project? I would have thought is about 30-50% or even more at the moment?

Building materials are normally less than 30% of the total development budget, it shouldn't be an excuse for the sky rocketed prices.

If 30-50% profit margin is true, it is a ripped off! Most of the fortune 500 companies are making less than 10% profit as of revenues.

Mah Sing is paying the Chinese contractor with the 96 units which they are going to build instead of cash payment, it seems like MS can see the risk now and want to get off the hook. If the take up rate were so good, MS wouldn't let go a money sucking opportunity just like that, their insider contractors could easily hang on to the units (as contract payment) and flip it out upon completion. I suspect their own contractors don't dare to take the risk now.

if you went to the properties fair.. there are crowded with ppl still want to sapu units.. who say property price going down.. ?

China Property Prices Fall

Should hit Msia anytime soon

apartments below 300k at setapak area...search in iproperty (the most expensive asking price in Malaysia website. LOL)

Apartment below 300k in cheras area do your search

Apartment below 300k at PJS area..LOL

and more

Of cos tis should b the way in logic. Otherwise how to create history.

the samething I would say.

Last time the 100k could be a big value, everyone feel costly. Now 300k could be a small value, everyone feel cheap.

  Aiya ?? My folks bought Bangsar Bharu link 40 years ago at RM35K from developer. Then can get Bowl of mee at 20cents. Now house cost RM1million +++ and the same mee cost RM 7 to 15, if u compare for same quality. U can get scaled down bowl of mee for RM 4 to 5 depend on which are in KV.

On another note I bought Damansara Perdana RM168,888,00 .. 10 years ago, now market price pushed to just over RM 300K. The point is our salary never keep up with inflation and the value of the currency but properties mostly tracks it eventually. another example when I started work my salary RM1.8K, then can buy car for 12 to 18K, BMW 7 and Merc S class around RM60K. Now how much

You see the point? This thread has been started since 4/5 years ago? If those were not waiting for crash, they should smile at today. some are really missed the opportunities.

Also those who bought earlier, this might be your rewards of your investments / risk-taking.

To those are still waiting, do your own study and always trust yourself, be confident!

Of course, risk at your own as well.

Just bumped into this article just now...

HOW A FINANCIAL PRO LOST HIS HOUSE

By CARL RICHARDS | New York Times – Wed, Nov 9, 2011 2:10 PM EST

http://finance.yahoo.com/news/financial-pr...-191003606.html

I feel its better to teach our children to live within their means/affordability. We have to set a good example. To take an uncalculated risk and then to lose all your saving on an unaffordable property is much worse than not having your own house.