Owning a home is not easy in Beijing and shanghai becoz of very very high price. These people are working very very hard and finally can afford to bought a house after alot of sacrifices and sweats, just not long after they bought the house developer drop the price by 20-30%, that is how many years of their saving. imagine u were in their shoe, i think i will throw a bomb to developer office or gomen if i got one in my hand

this is call property bubble... i think the developer/agent over promise to the owners, that the prices will raise, pls buy buy buy now now now....

This post has been edited by sampool: Nov 2 2011, 10:14 AM

If you bought the house for own stay, whether the price drop 30% or 50%, it doesn't matter one, as when you bought, you had already taken into the account your affordability based on the initial purchased price.

Also, property is a form of investment, nobody is forcing anyone to buy the house in the first place.
There is never a guarantee that buying house won't result in losing money.

Bukit Beruntung is a good example. House price drop like hell. But now industrial land cost few times compare to developer price.

same in kv. to many genuine housebuyers, their money is hard earned.
many folks saved for years only finding themselves paying 50% more in the end in the last 2 yrs.

we now know some developers in china have dropped 20-30% in price for new phases.
unlikely we'll see that range in kv, but 5-10% is possible, imo.
we wait and see if there will be a "next cheaper phase" by any developer.
then we'll see if the earlier buyers will go threw bad eggs or bananas at dev.
or in lyn threads!

If there is bubble in China, then it is definately bubble in Malaysia. Coz China has tougher measure to curb speculation like 50% down for second house. And also interest rate is higher in China.

why the comparison mostly more to China? all china, china, china..is it because malaysia looks like china in economy, people, politics, social etc? just curious

Agreed with that, buyer has to know the risk and there will also all kind of possibility even 100% total lost. it is just physiologically imbalance that the property you bought drop so much. It just like the feeling you bought something without discount and seller give discount on next day. This is house and 30% is alot, that is probably 1-2K installment extra .... I would

m said we must look for east side mah... so look forward to china ..... jpn?

This is interesting !!

I am guessing the same, price go up with very steady or slow pace from now. Or stay stagnant or drop the most 10%. Fluctuating between +-10% for medium to lower cost property.

If developer really drop price i think their sales will drop. Buyer will stop buying and waiting the price to drop even further. Previous buyer will throw xxx to dev .. .

i think these are speculators waiting to flip and just to find out that they are trapped.

maybe the malaysian speculators in LYN should share with these chinese speculators to "Live by the sword, Die by the sword"
Why turned amok when things dont go their way? isnt this just pay back time.?

btw, came across this announcement on Bandar Raya where rating agency said its financials weakened due to slower sales. Any one has idea how is sales of it Verdana at Dutamas?

http://www.ram.com.my/pressreleaseview.asp...7d-fcf7ebec64ed

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Added on November 2, 2011, 12:09 pmi heard from a local (beijing) that it's actually easy to own a property in Beijing so long as you are originally born in Beijing coz they get subsidies to own a prop (can get a prop at as low as 10% of the selling price, just need to wait for the allocation fm govt) that's why these group of Beijing people are not bothered at the soaring prices and they welcome it. Only foreigners and people from other states in China migrated to Beijing are affected. any one can verify this?

This post has been edited by godutch: Nov 2 2011, 12:09 PM

as i know cn gov servant getting very very good discount...

Kajang, Cyberjaya bakal berkembang
Oleh Shahrizan Salian
shahrizan@bharian.com.my
2011/11/01


KETUA Pegawai Eksekutif MIDF Amanah Investment Bank Berhad, Datuk Megat Hisham Megat Mahmud (kiri) bersama Boyd dan Soo (kanan) di Kuala Lumpur, semalam.Infrastruktur, jalan raya tingkat nilai hartanah

HARTANAH di kawasan sekitar Cyberjaya dan Kajang dijangkakan mengalami peningkatan paling pantas dari segi harga dalam tempoh 18 bulan akan datang berbanding kawasan lain di Lembah Klang, kata firma penganalisis hartanah, CB Richard Ellis Malaysia Sdn Bhd (CBRE). Pengarah Urusannya, Allan Soo, berkata berdasarkan kaji selidik firma itu, faktor yang menyebabkan peningkatan nilai hartanah di kawasan itu adalah susulan tersedianya infrastruktur serta akses jalan rayanya yang mantap. “Diperhatikan syarikat hartanah utama tempatan sedikit demi sedikit mula membanjiri kawasan sekitar Kajang dan Cyberjaya. Kami menjangkakan kawasan berkenaan akan berkembang lebih pantas berbanding tempat lain di Lembah Klang bagi tahun ini dan tahun depan,” katanya.

Beliau berkata demikian ketika membentangkan laporan kaji selidik hartanah suku ketiga Lembah Klang pada majlis makan tengah hari anjuran Malaysian Industrial Development Finance Bhd (MIDF) di Kuala Lumpur, semalam.

Soo berkata, nilai hartanah di kawasan berkenaan, khususnya Cyberjaya berpotensi meningkat lebih tinggi jika pusat beli-belah dibina di situ.

“Kami menjangkakan pusat membeli-belah akan dibina di situ jika nisbah kependudukan di kawasan berkenaan bertambah. Ia mempunyai daya tarikan dari segi kelancaran perjalanan ke situ iaitu sekitar 20 minit saja dari pusat bandar Kuala Lumpur,” katanya.

Sementara itu, Pengerusi Eksekutif CBRE, Christopher Boyd, berkata secara keseluruhannya nilai hartanah di Lembah Klang sudah melepasi paras kemuncaknya sebelum krisis kewangan global tiga tahun lalu, namun ia akan masih meningkat pada kadar terkawal.

“Kita akan lihat harga hartanah terus meningkat sehingga tahun depan, tetapi tidak terlalu cepat seperti beberapa tahun sebelum ini.

“Peningkatan nilai hartanah akan menjadi kurang agresif selepas ini dan kami juga tidak menjangka berlakunya letusan gelembung hartanah di Lembah Klang,” katanya.

Laporan kaji selidik itu mendapati, setakat suku ketiga tahun ini, ada 1.71 juta unit kediaman dibina di Lembah Klang.

Secara purata, saiz isi rumah di Kuala Lumpur adalah 3.72 orang bagi setiap rumah manakala di Selangor pula 3.93 orang.

Kaji selidik itu mendapati, bekalan unit kediaman di Lembah Klang juga dijangkakan berkembang kukuh dalam tempoh lima tahun akan datang, namun pemaju dilihat akan lebih banyak membina unit yang lebih kecil di lokasi lebih baik.

Boyd berkata, nisbah stok unit perumahan yang dibina di Lembah Klang kepada jumlah penduduk adalah lebih tinggi daripada Hong Kong dan Singapura, namun permintaan pasaran yang tinggi dapat menyerap bekalan tambahan itu.

cyberjaya yes ... kajang no with the kampung area still in existing ... Bangi maybe as closer to cyberjaya ...

but still, a friend said " No pork no development " sorry if being too direct ...

yes, kajang got too many land already lah..... prices sustain is a issue....

All I see are a bunch of drug dealers, robbers and thieves, complaining that their investment (tools of their trade) were confiscated.

Where did they expect their ROI to come from in the first place? From suckers whom buy their props at horrible prices of course.

So weighing the 2 complainers, one for living, one for cheating peoples money, who should we side?

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Added on November 2, 2011, 1:35 pmIt's just a gimmick to avoid mass sell.

If they were to say... "Sure continue to raise!" Who'd believe them? So they change their tune and say, "won't increase as much as before, but still increase" to continue attracting speculators.

This post has been edited by TheDoer: Nov 2 2011, 01:35 PM

I recall people were saying housing prices will drop so move to commercial props?

Too me it was simply just more speculation.

And it appears to be correct:

Oversupply of retail and office space - StarProperty.my

i am 100% with you. to those speculators that turned amok, i wud just say serve them right. when they are squeezing the sweat n bloods (the hard earned $) of genuine buyers, they never complain and always think they are smart and the others stupid. We hv more social problems when those who think they are so "smart" start to take advantage of those allegedly not so smart group.


Exactly the point, it is just impossible for someone who has interest in the prop to say negative things which is like a suicide. can u imagine what will happen if mah sing or sunrise come out and say : we are doomed ?

just stay put genuine buyers, and let the speculators to continue to buy and sapu... we shall see what will happen next 1-2 years. if i remember correctly, US prop prices peaked in 2006 and crisis kicked in only >2years later in Nov 08. Greece is in trouble, but the 10X bigger trouble (italy and spain) is looming, emerging countries start to feel the pinch of the slowing demand from the West.

This post has been edited by godutch: Nov 2 2011, 01:59 PM

2012 is the answer...

2012 will be a spectacular year.