1. Mostly with parents support in case of major top up. New launch easy entry, DIBS, few years later salary already triple sure can afford.

4. So true, very much similar to US before the bubble pops.

5. 2013 will be interesting, don't think the game could last until 2013 though.

Alright, US Debt Deal is settled. No QE3, therefore stocks worldwide are taking the hits now. US consumers save more now so probably US economy will moderates and that will impact on Malaysia economy.

With inflationary pressures gone, I think Malaysia economy will start to adjust back to normal, interest rates hike will stop (hopefully) and properties prices hike will not see the growth we have seen for the past 2-3 years (maybe except for certain hot areas).

I guess after September, we shall see clearer direction on this.

everyone were talking bout the bubble...will it be safe for me to start investing a property around 300-400k @ KL right now>?

This post has been edited by junfu1988: Aug 3 2011, 02:11 PM

Preferably <300k

KL ...below <300K....ehm.....

KL among top cities in Asia for retail property investment
Aug 3, 2011 - HomeGuru.com.my
Commercial properties in Asia will continue to perform well in the second half of 2011, according to Pacific Star Group, one of Asia’s leading property investment firms.

Within the commercial segment, the group’s top bet is retail real estate, with Kuala Lumpur, along with Hong Kong and Singapore, among the top three destinations for retail property investment in the region.

Leslie Chua, Senior Vice President and Head of Research and Strategic Planning at Pacific Star Group, said the domestic factors in Malaysia “are at play”.

“Strong wage growth and positive retail sentiment have boosted retail spending and real estate fundamentals in Kuala Lumpur,” he said.

“Hong Kong is supported by tourist spending especially from outbound Mainland Chinese visitors. Singapore likewise is enjoying a surge in visitors attracted especially to its integrated resorts.”

Among the key factors supporting retail properties are tightening employment conditions and increasing tourism inflows to Asia.

Meanwhile, the group also picked office properties, as the region’s rapid economic growth is fuelling a stable upturn in the office segment.

“We expect office rents to remain firm because of positive business confidence and encouraging pre-commitments for new developments. Companies are actively looking to hire new staff, particularly in Singapore and Greater China,” said Chua.

lovely assessment...
my wages little growth. and today, my usual chicken horfun stall at an eatery in sunway bungkus due to poor buisness from the working class whose wages probably also little growth. eat less buy more props?

This post has been edited by AVFAN: Aug 3 2011, 03:53 PM

must check with those hypermarket whether sales of maggie/cintan instant noodles have gradually increased recently ....

didn't you realised nestle and mamee share price have gone up steadily?

This show how expensive is m'sia market.... given the 9x reported in the paper.


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Buying Asian property risky but not in KL, says report
Aug 03, 2011

Kuala Lumpur’s residential market has been rated as a regional standout as key Asian capital cities face challenges from government-imposed cooling measures, said property investment consultancy Pacific Star in its mid-year report.

The report said that governments in China, Hong Kong and Singapore have been bent on curbing inflation and cooling the residential market through a combination of tightening measures, higher interest rates and management of supply and demand but this was not always the case in Malaysia.

“Although fundamentals for Asian residential real estate remain intact, residential investment at this juncture carries a disproportionate amount of policy risk,” said Pacific Star.

“We view that the Kuala Lumpur market will stand out given that policy risk is relatively low and economic conditions are generally healthy.”

The report noted that the sharp rise in the equity market in Malaysia this year has also helped to support residential demand.

“In particular, the pace of rate hikes in Malaysia has been more measured and will support residential purchases,” said Pacific Star. While the report will be welcome news to property investors, aspiring homeowners are unlikely to be happy that the Malaysian government appears to be lagging behind its regional counterparts in tackling residential property prices which have largely outpaced income growth.

The price of residential properties in and around the Klang Valley had increased by up to 30 per cent last year thanks to a combination of low interest rates and ample liquidity.

While Malaysia does not have a housing affordability index, a rough calculation shows the average price of a KL residential property is now about RM485,000, or roughly nine times that of the average urban household annual income of RM54,000 and a possible sign that the market is experiencing a bubble.

The Demographia International Housing Affordability Survey rates markets whose property prices are 5.1 times median income or more, as “severely unaffordable”.

The National House Buyers Association (HBA) had warned in May that an entire generation of young adults risk being locked out of the property market due to runaway house prices.

Malaysia’s central bank, Bank Negara has raised its key overnight policy rate (OPR) four times since the start of 2010, to the current level of three per cent which is still below the pre-crisis level of 3.5 per cent and the statutory reserve requirement rate of three per cent is also below the pre-crisis level of four per cent.

“Although Bank Negara Malaysia has initiated monetary tightening, inflation is expected to stay above 3.0 per cent, which implies a negative real policy rate,” said Pacific Star. –Malaysian Insider

So is time for us to purchase few units in kl for our future kids? Still can't so sure.... some ppl stay as far as seremban to travel daily to work. Do we need to be so rush to buy houses?

just buy where you like and within your reach...but not simply buy ....

lai lai lai.. sharing these...free info.

This post has been edited by kh8668: Aug 3 2011, 11:12 PM


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petaling really active with so many exchange of props.

Don't buy because it is too remote.

Don't forgot u need to renovate, repair and these sort of expenses due to wear and tear...

are this for real....kl is like a abandoned city with development way far behind Selangor

Affordable housing: speculation does its damage
Aug 04, 2011

Speculation continues to do its damage at a time when the increasing population and diminishing sites are pushing prices of houses beyond the reach of the working class, especially in the Klang Valley.

Even as low and medium income earners struggle to pay the rent, speculators are buying a third or even fourth house which they don't need but want to own to resell at a higher price.

That is why real estate professionals are asking the government to extend the requirement of 30 per cent down payment to include the purchase of a second house.

Bank Negara made the 30 per cent down payment obligatory for third and subsequent purchases last November, but this is not enough, they said.

They also want the government to reintroduce the real property gains tax on a sliding scale, and to require sellers, and not just buyers, to pay stamp duty.

The generally accepted maximum price of houses regarded as affordable is already high at RM220,000.

With increasing prices of goods to contend with as well, people who do not already have a house cannot be blamed if they think they will never own a home.

Datuk Seri Najib Tun Razak said recently that the government would, over the coming months, undertake a programme in concert with the private sector to offer quality homes to be fast tracked via the industrial building system.

"The government will provide the site, and the developer will implement the project based on the industrial building system. I’ve also said that if possible, they (the private sector) turn this into a corporate social responsibility project and not for profit," the Prime Minister said.

Najib launched the "My First Home" scheme on March 8, under which people aged 35 and below, with a monthly salary of less than RM3,000, are eligible to buy a house priced at RM220,000 and below with 100 per cent financing.

Housing and local government minister Chor Chee Heung has meanwhile assured the public that the government is monitoring the spike in house prices, and said that it will not hesitate to implement measures to keep them under control.

"My First Home" is only a part of the affordable housing scheme.

Another segment is the low-cost housing scheme, but many feel that the specifications for each unit should be clear and ensure that it is liveable if not comfortable.

The political will is there, but the other players must do their part, including the speculators who must stifle their greed, or be forced to do so, and the corporations, which must demonstrate all their talk on caring.- Bernama

KL very expensive nowadays. Mostly luxury condos and bungalows are built. How many can afford?

is hard to buy...but once bought...u might earn big buck in the future...>.< as long as bubble don't burst

This post has been edited by junfu1988: Aug 4 2011, 12:41 PM