I think we will definitely be affected with the incoming slowdown (I still believe the world will be heading towards a recession. Sorry guys).

Malaysian govt to consider limiting home purchases
Sep 13, 2011 - HomeGuru.com.my

The Malaysian government may impose a one-house-per-individual restriction, according to Datuk Seri Ismail Sabri Yaakob, Minister of Domestic Trade Cooperatives and Consumerism.

They included staff of the developers and their subsidiary companies, shareholders as well as support staff such as lawyers, architects and bankers, he added.

“It is not illegal as it is merely the registration of potential buyers with no payments being made at all,” Chang said.

Real Estate and Housing Develo­pers Association Malaysia (Rehda) president Datuk Seri Michael Yam acknowledged that developers, at times, gave the opportunity to their regular buyers to obtain prime lots.

“Unfortunately, in any given block a buyer has only a one in five chance of getting a prime unit such as the end lot,” he said.

Yam said developers who were responsible and adhered to good corporate practice would open up the sale of all units in their projects to the public.

“I don’t think developers would be holding the prime lots for their own people and employees as this would require them to give rebates on the property price,” he said, adding that it would also not be financially viable for the developers as it would lessen their cash flow.

Yam said generally, sales should be based on a first-come-first-serve basis, with developers offering units to those who paid first.

He said if the allegations were true, it was not a nice way of marketing property.

The Complete Guide To The Oncoming Spanish Debt Crisis That Everyone Is Terrified Of
1/18
Property Boom: Spain experienced a property boom larger than the US and UK
This property boom saw the price of Spanish real estate rise 80% from 1990 to 2009.
This was due to similar reasons as those for the US and UK booms: relatively low interest rates and an easy credit environment.
Source: The Economist

bro, i think will be otherwise. Unlike CN, MY do not depend that much on US. We are more dependant on our neighbours, JP and a couple of middle east countries. Unlike CN, their factory are mostly supplying to the US market. Wall Mart itself is one of the biggest contributor to CN Factory industry.

Want to buy properties in this current market and still be able to make money? click to find out more for today's deal NOW

http://www.freemen.com.my/propertybubble.htm

Flippers are still buying within their mean as long as their financial statement showed to the bank is REAL. You can flip as long as your income can support you to do so.

The one that cause the family debt ratio so high are those playing with cash flow way aka Robert Rich Dad way. They use tenancy agreement as income prove to loan more. Those with income of 3k to 5k can loan up to 1M or more. Some legends here already exceed 2M with this method.

Even with tenancy agreeement accepted as source of income, I dont think the banks are strictly follow their 1/3 monthly income rules. When bank officers dont follow rules, thats worry me. Remember how subprime happened when loan agent didnt follow rules.

I was told money is just a paper, the bank value is determine by the GOLD reserved. I just feel that our government sudden boost a lot of mega projects is abit scary..where the money comes from???

My dear ...anyway my gov has revenue/income besides borrowings...they get income through taxes, input from Petronas, etc.. Anyhow, the budget 2012 is a 'budget'..When soon they find out less income/less input from Petronas, they've to revise their plan or on hold some of the mega projects...So far, our country deficit is 4.7% as reported. Compared with GREECE...It's still far away ?

So, no point for you to feel scary at this point...

since some advocate fall of paper money, so better the borrow (prop loan) as much as u can and pay peanut later. enjoy life first with your CASH.

so for those without children can continue to spend,  dont care the country to collasp or not..
there are thousands of rich ppl in iceland, greek still enjoy colorful life . same as USA, country broke but still lot of millionaire/billionaire. i dun think they own child/grand child will suffer ..

But take a look at the younger generation. Their financial outlook just like the Americans, Europeans.

That is what Lee Kuan Yew very worry about.

What facts again? all these are commentary only. LOL

the fact is no downturn / discount for property value. 

Dont just listen to all what bankers and the central banks are saying. Are you 100% sure there's no subprime in M'sia? all these subprime blaming news only came out AFTER the market collapsed. people are good at pointing fingers but never learn from experience, that's why technical analysis works, history repeats itself.

What i am saying is that kampung people's savings were also taken into consideration in the calculation of the AVERAGE Msian saving rate and i don't deny the fact that they are Rich speculators around us, but many are not as well. We just need a single digit default to have the prices fall. 

http://www.themalaysianinsider.com/litee/b...-economy-bites/

ermm.... starting to bite?

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

2012 will be a spectacular year.

Malaysia could still face bankruptcy, Idris Jala warns
http://www.themalaysianinsider.com/malaysi...ris-jala-warns/

Pakatan: GST won’t save Malaysia from bankruptcy
http://www.themalaysianinsider.com/malaysi...rom-bankruptcy/

If they keep printing more and more money what will it lead to? Money value going down la! When money value going down what happen? Price of goods will shoot up la same goes to homes and properties. Such simple logic you can't think striaght?

I don't deny property price is stretching and furthermore, but there are people that are rich enough and have decent earning, and with collateral to get a loan out of it to buy the properties.

We cannot look at ourself situation, or just something around us to judge, hey most people cannot afford a 700k loan because most are earning 3-5k.  

at the same time, property price is still heading up.