if the markets continue to fall more, i think it will eventually affect the property markets - in a very theoretical sense, when markets drop, people either lose money in the markets or wanting to get in more (so they need cash) - then they will try to force sell the property - forcing prices to fall....etc

sure some might have repeat adver there on ipoperty....but just show you the the fact is take up rate is gone now,if the market still in demanding that would not create the back lush to adver many time in single adver
when this swiss garden service apartment first lounch from the developer....they say all sold out and other site of developer on KLCC lounch first day they say all sold out or take up rate up to 80%.....but as soon as the building VP it all put in the market again within less than a year.....what sort the logic it is?
that mean propety market in malaysia it isnot have the demand....it people create the supplie people create bubble.....

the fact is the fact.....you cannot ignore it or hide you head under the pillow pretend is not there....

also i wonder how worry these fliper is after adver so many time not one buy it....they must be cannot sleep and eat now after this recently the share market tumoir and US might enter double dip and EU conutry still not sort it out they own deft.....

This post has been edited by 2wong: Aug 11 2011, 04:54 PM

agree with you, i'm seeing the same thing at Endah Promenade and Kuchai Avenue, sold out when they first launched !

Now i'm seeing kuchai avenue with less than 50% occupancy and tons on sales. But price is not cheap. Hopefully price will come down yet. Let's wait patiently and see who can hold on till the end.

Wowwww, bolehland statement, salute

one sided opinion, we need more speculators as cheerleaders.
remember, raw material up, land scarce, inflation etc etc. Price can only go one way. UP UP UP.

Aiyoyo! The stock market problems has raised the hopes of those hoping for property price drop, in here, stock forum, even /k/

But the fact is ...... recession not even confirmed yet. This could be just a sharp correction.

Even if recession comes, Malaysian property price didn't drop much.

Whether in stock market or property market, Malaysia has "institutions" that help support prices. Thus our market is far less volatile compared to most countries.

I am not scared even though I, like 90% of stock investors, have been bloodied.

I daydreamed today that if property prices could drop 50%, I'll get myself a nice, roomy landed property in a G&G community or a big, posh apartment unit that faces the lake. But in Malaysia, property prices can't even drop 10% .... 50% how can?

landed maybe not as much as 50% discount (except from desa park city)
i see bloodbath for high density high rise condominiums, or the more recent soho, sovo, sohai etc.

worst case scenario multiple abandon project. speculators will be in deep shit.

Here you go... let the drum beating goes on..

Positive outlook for KLCC area
Aug 11, 2011
The market for luxury residences in the Kuala Lumpur City Centre (KLCC) area remains strong with robust take-up rates for recent launches, according to Eddy Wong, Executive Director of Residential for DTZ Nawawi Tie Leung Sdn Bhd.

Prices witnessed a decrease of about 20 to 30 percent after the global financial crisis in 2008 but have recovered strongly since late 2009, by 30 to 50 percent.

Panorama, a 33-storey luxury property jointly developed by UOL Group Limited and General Corporation Bhd, is one of the properties to benefit from this strong recovery.

Launched in 2008 at an average price of about RM1,000 psf, prices have rebounded to approximately RM1,200 psf. The project is strategically located at Persiaran Hampshire off Jalan Ampang, just five minutes away from the Petronas Twin Towers and the KLCC LRT station.

Another project that has benefited from the recovery is Pavilion Residences. Situated in the shopping district of Jalan Bukit Bintang, Pavilion Residences’ second tower was launched in 2010 at an average price of RM1,300 psf to RM1,400 psf. This represents a price appreciation of between 30 and 40 percent from the RM1,000 psf price attained after launching the first tower three years ago.

Wong noted that the average prices of KLCC residences currently range from RM900 psf to RM1,500 psf, representing a gross yield of approximately five percent per annum.

“While there are some concerns of an oversupply situation in KLCC, rentals have stayed firm, averaging RM4-6.50 psf per month. However, yields have compressed as prices have continued to appreciate,” he added.

Despite the anti-speculation measures, the market outlook remains positive, on the back of new projects in the pipeline.

On the top of the list is the RM4 billion Platinum Park development, covering a site area of 9.1 acres.

Designed by Foster and Partners, Platinum Park consists of three office towers, two residential towers and a hotel. Earlier reports said that it has an indicative price of RM1,600 psf and is expected to soft launch towards the end of 2011.

Time to Tackle Rising Cost of Living
Posted in Blog on August 10th, 2011 by Najib Razak | View Comments

July 27th 2011 marked exactly two years to the day since my administration first introduced the National Key Result Areas. As you all know, these six NKRAs were identified as the core to the Government Transformation Programme, to improve the government delivery system, and to address the urgent short-term and long-term needs of the Rakyat. These NKRAs are: reducing crime, fighting corruption, improving student outcomes, raising living-standards of low-income households, improving basic rural infrastructure, and improving urban public transportation.

On this date this year, I announced a seventh NKRA: to tackle the rising cost of living. This decision was made in the cabinet meeting earlier that morning, in view of the global and domestic rise in prices of food and various essential materials. In two years since the NKRAs were announced, the cost of living in Malaysia has risen to affect a majority of the population, in varying degrees. Many are feeling the pinch, but are not quite aware that this phenomenon is occurring worldwide, and hitting many other countries fairly hard. The fact is that so many global factors have affected our cost of living.

In 2007-2008, a dramatic worldwide increase in food and fuel prices had occurred, but was quelled shortly after when fuel prices lowered. However, prices climbed again in mid-2010.In recent years, major commodities producers have been facing unpredictable weather conditions, one reason due to climate change. Droughts and floods have resulted in bad crops and shortage of essential produce such as wheat and sugar. Countries like Russia, Canada, and Australia, major exporters of wheat, had less to export, which drives up the global price of the commodity. When these exporting countries announce their lower production levels, and consequently lower exports, it also causes panic buying in the market, forcing the prices up further.

These are some of the factors that have caused prices of goods to rise, affecting poor and developing countries the most. However, we must face facts: the world prices will not return to the levels of five years ago. We are not the only ones faced with this problem, and we are certainly not the worst affected. Nonetheless, it is the Government’s duty to do what it can to manage these rising costs and seek ways to slow its effect on the Rakyat. The Government continues to provide subsidies in your daily travels, meals and health bills, among others.

In this respect, this is where the seventh and newest NKRA comes in. We will look into ways to improve the agriculture supply chain to ensure minimal food loss during the production and supply process. We will continue with the price control system and manage our subsidies, which are already among the highest in the world. We will expand Rakyat-focused initiatives such as the 1Malaysia Clinic, Kedai Rakyat 1Malaysia and most recently, the 1Malaysia Rakyat Menu. The latter is a programme to encourage food vendors to offer a package menu with a maximum price of RM2 for breakfast and RM4 for lunch at participating restaurants.

The upcoming 2012 National Budget will definitely focus on the management of Rakyat’s living cost. We will devise the best strategies possible to ease Rakyat’s burden while at the same time manage the country’s economic development.

We will work hard to ensure the Rakyat’s concerns in living costs are managed amid these trying global challenges.

ic.. that mean it will fall back to the levels of 4 yrs and 11 months ago lah... hehe

LOL....maybe YES if got government to subsidise....

__--The market for luxury residences in the Kuala Lumpur City Centre (KLCC) area remains strong with robust take-up rates for recent launches, according to Eddy Wong, Executive Director of Residential for DTZ Nawawi Tie Leung Sdn Bhd.____

yet again another prime exmple take up rate very strong when it launches or perhap sold out.....but after VP thier all floodly in the market what is the point
as i say about the demand market is not there anymore, nobody buy it to stay/living there ,all these people about create a supplies after VP
and create big bubble in the market
how much the price you want to up and up and up,700K,million,2 million or few million.....then again ask you self how much salary you currently increasing over the last 2 year....itis something wrong some where as far as i can see...

From your note, KLCC this high end area is not suitable to you. also a lot of local people. lol...include me la...

Guys might know which gf is suitable to be their life partners (wives), but some are always not.

Property is like a gf for the guy. Some are suitable for own-sayed but some might be for investment purposes. but still, have to depend on how "powerful" you're.

This post has been edited by kh8668: Aug 11 2011, 10:11 PM

ppl treat house as their gf.... then married to house... no wonder cn population is dropping like no tomorrow...

Lol....yu wanna start up a family, minimum requirement now got your own shelter/roof.

and no worries, this is only an example. tonnes of examples can be used.

and i agreed with you, population is growing not that fast now. many of people now are married late, and some are even choose to not have babies. that'y you see how incoming supply of so many small units. of course, price also not cheap.

But I still believe, even though smaller household size/family size, people still opt for large residential unit, at least 3 bedroom type.



This post has been edited by kh8668: Aug 11 2011, 10:24 PM

That is the problem, every one rush to buy when new launch and hoping can get gain after VP or sell during construction.
I looking those selling near developer price, I dont see it will drop below but at least 20% higher of developer price. Those newly launch might has difficulity as it has higher lauching price compare those 3 or 2 years ago.
But it is interesting to know how strong with their holding power.

I m looking for landed property for own stay. Should I wait or buy now at crazy price?...KNN Putra avenue selling price now over rm800k already. Almost 100% above launch price. Ready crazy.

you should wait.
do not worry, the price wont double in another 2 years time. maybe not even in 10 years time.

2 years shouldnt be double. 10 years very hard to say.

ya its normal to double or more every ten year