Malaysian very rich. Hoarding house now!

yaya.. then better buy few houses for children... if ur hv 3 children.. then buy 3 houses, 4 mean 4 houses... BBB...

But.. dun forget to ask which type of houses they like woh... flat, condo, semi-d or banglo... if they like banglo, then just buy the banglo.. u then not need to worry their future... u can enjoy holiday later on.

This post has been edited by sampool: Jul 25 2011, 10:23 PM

Bro, I don't have any kid la. Kid are very expensive nowadays. U should buy some for ur kid.

thread is getting

prices still holding in hot market .. no changes yet .. but a lot more choices now

gold is shotting up to 1.6k and silver also following a bit .. maybe all metal + comodities will follow suit

what's wrong with buying property for a kid? my friends and myself would very much like to that too if we can.
once my friend highlighted, given the choice between buying a education fund versus buying a property for his kid, he would choose property. he reckon when his kid needs to utilise education fund, he believe the property would provide a better tool in terms of return and also hedging against inflation.

All the while our country monetary policy is quite conservative since 1998, only minimum foreign investors being active in our country as compared with neighboring counties.
Since 1998 crisis, our economic progressing in very slow moving pace, it have been stagnant for more than ten years. Don’t you feel little bit of boring and frustration?
Last two years of property booming mainly contributed by market “Real need” by young married couples, at the same time investors also taking opportunity to accelerate the properties price into new height. Luxury housing also in demand is due to Baby Boomer is retiring, they required nice and secure home to enjoy their life style concept retirement.
Few years of property booming with cautious mode, now market is in the process of cooling of period.
Most of the buyers need time to absurd the impact and accept the fact that with the high inflation, higher land cost & etc.. property won’t be cheap in price anymore!
I strongly believed that after the market strengthening process, property price will scale to another level before in turn down or crash.
Real buyers who need a home are caught in the dilemma! Buy now or wait to drop?
God only know the answers!

Kochin,

I agree with you.

I'm getting a house for my kid's education in the future. Although education fund is there, but may not be enough looking at the inflation rate now.

Those days where parents have to fork out their retirement money in their EPF account to sponsor their kids to study. Now, better start planning lor...

Agreed, my parents sold a house to pay for my uni fees .

T_T you're a good parent !
haih.. now thinks like.. we owed our children previous life.. now they're coming back and take everything from us [i not yet married]

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Added on July 26, 2011, 9:42 amwow ! be sure u pay them back with full of love and caring..

This post has been edited by CKHong: Jul 26 2011, 09:42 AM

TQTQ
Well, i believe that when you plan to have a family with kids, i think we are fully responsible for them until they hv their own kids...

Wait till you hv your first kid, and they will make your heart melt ...

haha... but then when they cry in the midnite.. make u can't sleep well.. then thats different case..
or when you tell them to eat.. its like u have to shout them..they might ignore/hate u..
or when you ask them to study, they make so many pattern out..
or when you feed them medicine, they struggle..
etc etc..
haha.. can see all of this cus i got quite a number of... [sister's child is call what ah? LOL]
10 !
but then its not like i dun like children.. just that have to get myself prepared.

This post has been edited by CKHong: Jul 26 2011, 10:33 AM

Agreed 110 percent with the article on market condition at mont kiara

This post has been edited by airline: Jul 26 2011, 01:09 PM

think more people are home owners of MK nowadays.

Price subsales reasonable compare to other Newer launches

Seriously I think the property market is not heading for crash, yields were decent last time and shrinking
nowadays purely because the perceived value towards real estate had appreciated.
We are not getting 2-3% yield like other regional countries, 4-5% is still very easy to achieve.

One question, do you foresee the rents will be surpressed heavily in the future?
Malaysian economy is still fundamentally healthy, i don't see household debt as a great problem
simply because the collaterals are
not rubbish in grade.

reasonable if buyers have a huge lump sum of initial money


This post has been edited by CKHong: Jul 26 2011, 03:15 PM

i share the same sentiment as you.
at first i thought we are heading for a correction and the past 6 months has show that we are very resilient to any correction.
new launches have been very encouragingly received.
it will take me another quarter or two to establish my views.
but the amount of new launches is really

There is simply very little risk or even no risk for the developer to have any launching.

History tells us that developer only goes into trouble when they never manage their cash flow well especially when the money earned are used to buy even more land for further development. With the current ballooning property price, the developer would be able to cover their initial land cost and development cost easily even if their property are not fully sold. As far as balance sheet is concerned, it will always be positive for individual development. The way the developer could lose money is due to the drop in company share prices and if their fundamental is strong and prudent, they should be able to sustain. However, the biggest risk taker is actually the purchaser and when any problem strikes, the purchaser is the one that suffers the most. I do not think that the number of new launching and its prices could be taken as an indicator especially to show that the property market is healthy. And again the history tells us that all crashes are preceded by heavy purchases. It is my believe that our property market would be more affected by regional market performance and global condition rather than the local situation because our national GDP is simply too small for our country not to be affected when the globe coughs.

that's why my hats off to TMS.
their turn over so damn fast.
the interview with their chairman, he quoted he treat land as raw materials. it must be consumed immediately to reduce its liability.
lol.
i think they are the only one that can almost simultanenously launch and announce at bursa of their land pruchase. sometimes even before the announcement!
simply amazing.
low risk (since limited holding time for their landbank)

UOA Development also perform the same way..kekekeke