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This post has been edited by sampool: Aug 5 2011, 10:53 AM

All RED across the globe .... xiao liao la ....

I'm no expert, but I would say, when share markets around the world drops. Companies will have less money to invest. Some may even close shop.

When this happens people will lose their jobs.

When companies close, and people lose their jobs. Other companies and people that support them, also lose business opportunities.

It's a chain effect, that will effect companies in Malaysia. This is what's called an economic crisis.

And when that happens in Malaysia, people who take out big loans, may default on their loan.

Causing a drop in demand and surplus of available props in the market.

2ndly, the scare factor, or the potential for a drop, will scare people into a selling frenzy. To get their props off their hands before they get into trouble.

The difference between the stock market and prop market is the rate of speculation. 1 goes up and down faster than the other.

But they are all the same, over optimism may increase the price beyond it's real value. People with holding power may hold on to their props, hoping that their prop location doesn't turn into a ghost town.

Correct me if I'm wrong.

May be my working area is small.
I found that people from india, indo, philipine flood singapore and malaysia to work.
My logic is that if their country property is higher price than malaysia, i believe their salary/earning is higher. (in average and the topic is focus on city like manila/kl/jakarta).
It's because only higher income can support higher property price. (exclude speculation).

Additionally, do you ever heard of any malaysian go to work in Jakarta/Manila - how many cases as compare?
You can go to cyberjaya and you will found lots of indo, india, philipino..
That concludes my logic and make sense. right?

This post has been edited by ayha2009: Aug 5 2011, 11:23 AM

will the asking price all around can reduce 10% now? let monitor Iproperty these few week?

wa... instant noodles meh?

Din buy anything recently so no gain no lost....
If market sentiment become bad... Anything can happen

all the price jack up by f***ing agent.. u guys agreed? they simply simply jack the price without f***ing knowledge. if base on bank.. how f***ing real market price. my housing area here... terrace house can go for 1.5mil nia ma.. ghost only will buy. 3 years no one interested. HAHA. all agent problem. tell owner can can.. can sell.. sell my cock!

LOL Approve

yup, i agree. most agents are terrible, greedy and cocky. however, the buying power is still with us. if you found unit that u like, just offer them slightly lower than market value and reason with them. Tell them this is my offer and if you can close this sale at my price, get back to me. Otherwise, good luck in your sale. There are plenty of properties out there, so take your time and choose wisely.

back to the topic, i think property price are still going strong for the new development. Lots of newly launch all "sold-out" within the first few days of launching and leftover with those units that is not high demand such as 4th,13th and 14th floor for apartments. Another reason is also because of the discounts given which ease the buyer's financial. Lots of RM3k/5k booking fees with 10% discount which makes it almost 100% loan.

subsale on the other hand is moving slower and there will be a possible of prices dropping slightly lower with the new implementation of 70% LTV. I mean, how many can actually fork out 30% deposit for their 3rd property? An average decent apartment will cost at least RM180k and 30% deposit will sum up to RM54k. Excluding stamping, lawyer, etc fees.

2 years ago, there are plenty double storey houses in USJ that sold at RM3xxk, now the same unit cost almost RM500k! i saw it with my own eyes

This post has been edited by trinityz: Aug 5 2011, 01:11 PM

LOL...good good good...

Let's see how many of us here losing our jobs? Do you foresee you will lose your job in the next 6 months?

Malaysia has severe shortage of labour across.

Highly unlikely, it will happen.
If indeed happens, it just disastrous on the economy already.

Yes, high paid, goyang kaki one, no vacancy.
Skillful jobs, shortage situation is quite acute.

Actually it's not just the agent. It's the prop speculators first. They buy to make a profit, this is why they'll never sell you market rate.

They also represent the people whom will buy those props and crazy prices, because they think they can sell it back again.

haha....6 months...not too fast lah.......

if THE "VIRUS" start from US....i think will take 1 year to reach lah.....

Sorry, I do not really get you...... Are you trying to say that Malaysian salary is higher than India, Philippine and Indonesia? That's why they come into our country to work?

If anybody leaves their own country and family to work in another, the most probable reason is due to higher salary.

India, Philippine and Indonesia are all highly populated countries compared to Malaysia. A smaller country would usually need to import either blue and white collar workers especially when they are lack of experts in certain field and also when the locals become choosy in the blue collar fields.

Malaysian don't go to Jakarta/Manila to work because:-
1) Our country is small, the country is able to provide enough working opportunity(that's why our unemployment is not a concern usually)
2) Singapore provide working opportunity with higher salary earning and better environment(don't have to go so far to other country)
3) There are other more attractive country in work in like China, UAE, US, Australia, UK and etc.

Indians have been working in our country for very long time and due to their up rising economy and salary increase, some has chosen to go back their own country so that they can stay close to their own family. Filipinos and indons salary are generally lower than Malaysian, it's no surprise that they are hired in our country when the local Malaysian demand a higher income.

A Country property price has certain link with the salary and earning and it is not a direct one and it is not consistent comparing across the globe. Hong Kong for instance has one of the highest property price in the world but is their salary highest in the world? The answer is no. America has one of the highest salary in the world but is their property price highest in the world? The answer is no. This is why property price index comes into picture to measure the affordability of the locals to buy their own country property. When the index is too high, like Malaysia, 9.... it tells us that our salary are low compare to the property price.

LOL....after 1 year, upwards trend wil come back then.

I really can't say. But if your company deals with mostly foreign companies, then surely you're company will be effected.

before the last economic crisis, a branded MNC company my friend worked in, invested quite alot in building a new site, acquiring facilites, and getting their employees to shift to the new plant.

2 years later it went bust.

This post has been edited by TheDoer: Aug 5 2011, 02:51 PM

i for one is looking for a decent landed property for own stay. 4 months back the price for a 22"x70" d/s terrace was selling at RM530k and now the similarly sized unit is asking for RM590k! the initial launching price for this unit was RM450k (that was about 8 months back). that is like what, 30% increase since its launch and i think it's really ridiculous i really hope that the price will stay where it is (drop will be even better but very unlikely that will happen) and stop the investors from making crazily lots of money from middle class income earner like myself! damnit!

there are alot SMI/SME not doing well for quite sometime, just that "good news must share, bad news keep to themshelves". Even now those MNC are facing/monitoring collection jor. Dunno about you all, look around, all those big big signboard across KV are emptying. I think company are cutting adver/marketing budget jor

I noted that the chinaman company I worked for did better than the MNC company, because they foresaw the crisis, and started cost cutting measures 2 years before.