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 Are property prices going to up further? V3

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gregy
post Aug 12 2011, 02:56 AM

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QUOTE(2wong @ Aug 11 2011, 04:51 PM)
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.....
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My boss who's got a prop business tells me that most of the time, those "nearly sold out" print ads all BS wan. They reserve many units for flipping. Hope to get the hype going, then when demand goes up, they slowly let go their own units at a good margin above base price. That's how the game has been played all along. Dunno how true but sounds plausible innit?
cranx
post Aug 12 2011, 03:05 AM

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not sure this one posted already or not. from iproperty.
shows the slow down for our neighbor from April to June, not sure how was it for July month. i believe it was even lower.

http://www.iproperty.com.my/news/3938/Priv...-four-month-low

QUOTE
June 2011 saw sales in the private home sector fall to a four-month low. Even though June is a traditionally slow month on the private home front, this year’s performance was affected further by waning buying sentiment due to an economic decline and potential oversupply.

Last month, the number of private home units sold slowed 25% to 1,182 units (from 1,575 units in May). In April, the number was 1,805. Including executive condominium units, a total of 1,394 homes were sold in June. June is usually a quieter time for the housing market because of the school holidays.

Despite the fall, experts still consider the market healthy. Yet this year, the HDB flat supply boom, as well as buyers’ growing dissatisfaction with prices, have further affected sales adversely.

Another factor for the change in buying behaviour is the frequent and insightful blog updates from recently appointed Minister for National Development Khaw Boon Wan on housing issues. “Homebuyers are holding back their purchases, confident that the new minister’s leadership would bring home prices to a more affordable level in the near future,” said Dr Chua Yang Liang, head of research at Jones Lang LaSalle Southeast Asia to The Straits Times, adding that the result is “a more moderate demand for two consecutive months”.

Additionally, one market force that could be driving first-time middle-income buyers away from the private homes sector is HDB’s move to build 25,000 new flats for the current year. “Furthermore, with more than 10,000 new private homes expected to enter the market in the second half of this year, consumers may be waiting for more choices in other locations across the island,” observed PropNex Corporate Communications Manager Adam Tan.

Some experts foresee the coming months to serve up more changes to the Government’s housing policies (such as the swift release of new HDB flats), as well as even more economic troubles. Others noted the monthly sales that record between 1,000 and 1,500 units reflect a healthy, moderate buyer interest. They explain the decline in sales may mean demand for homes can finally attain a steady state.

If their comments turn out to be true, Khaw may be relieved to know that his efforts have proved to be fruitful. In a blog post he wrote earlier this month, in response in inaccurately reported figures, the minister explained, “I am working my guts out to try to calm the market, for the good of all Singaporeans.”

Should the market pick up speed again, analysts expect the authorities to implement even more cooling measures, especially in the suburban segments. Suburban segments constituted 70% of June’s total sales, and are expected to continue making up the bulk of new launches for the rest of this year.

Meanwhile, analysts say developers will need to take another look at their pricing strategies, and price their units more reasonably to stay competitive in a market where supply is increasing and buyers are becoming more choosy and cautious. Last month’s top-sellers included Woodhaven, with 155 units sold at a median price of $981 per sq ft (psf), and The Miltonia Residences, with 149 units at $877 psf.

For this month, one market watcher predicted a modest total sale of 1,000 to 1,200 units, while another expected the number to be around 1,400.

What remains to be seen is how a stable private home sector will affect the HDB sector.


This post has been edited by cranx: Aug 12 2011, 03:08 AM
SUSUFO-ET
post Aug 12 2011, 03:33 AM

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QUOTE(cranx @ Aug 12 2011, 03:05 AM)
not sure this one posted already or not. from iproperty.
shows the slow down for our neighbor from April to June, not sure how was it for July month. i believe it was even lower.

http://www.iproperty.com.my/news/3938/Priv...-four-month-low
*
As an investor, switching their investment portfolio to Bolehland is a wise move, or Thailand & Indonesia.These 3 countries are having greater value appreciation (%) specifically in urban areas.
Look at Johore properties (industry and Service apt) are mainly due to Singapore effect cool.gif

This post has been edited by UFO-ET: Aug 12 2011, 03:33 AM
nkhong
post Aug 12 2011, 04:00 AM

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Dow down 5% yesterday and up 5% today. Really heart attack for those investor. Switching to property investment maybe is better move biggrin.gif ...
kh8668
post Aug 12 2011, 07:58 AM

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QUOTE(cranx @ Aug 12 2011, 01:30 AM)
you should wait.
do not worry, the price wont double in another 2 years time. maybe not even in 10 years time.
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LOL..there is not such rule saying property price cannot be double within 2 years or particular years.

This all is really depend on individual product, internal and external factors.

Across the Klang valley, property appreciate averagly at compounded annual growth rate of 5% to 10%. But this does not mean property in some areas could not achieve above 10% per annum growth in value.

Better to do some reasearch in particular area which you want to know.
kochin
post Aug 12 2011, 09:34 AM

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some pointers for debates.

property going up:
1. a lot have been saying foreign investors have not been swooping up our property because not attractive enough. can you imagine when the chinese, middle easterners, westerners does sapu.
2. high income nation as aspired by our politicians. rolleyes.gif
3. improve infrastructure. mrt, high speed rail, etc.
4. inflation
5. increase in construction cost and/or land price nod.gif

property going down:
1. recession
2. pull out of existing FDI
3. political turmoil
4. decrease in construction cost and/or land price hmm.gif

giving the above, which do you think have a higher chance of beating the other?
TSsampool
post Aug 12 2011, 10:11 AM

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my prediction in yr 2012

QUOTE(kochin @ Aug 12 2011, 10:34 AM)
some pointers for debates.

property going up:
1. a lot have been saying foreign investors have not been swooping up our property because not attractive enough. can you imagine when the chinese, middle easterners, westerners does sapu. [ not confirm]

2. high income nation as aspired by our politicians.  rolleyes.gif [not confirm]

3. improve infrastructure. mrt, high speed rail, etc.[not confirm]

4. inflation[not confirm]

5. increase in construction cost and/or land price  nod.gif [ not confirm]


property going down:
1. recession [confirm]
2. pull out of existing FDI[confirm]

3. political turmoil[confirm]

4. decrease in construction cost and/or land price  hmm.gif [confirm]

5. Maya Theory nod.gif [ not confirm]



giving the above, which do you think have a higher chance of beating the other?
*
lch78
post Aug 12 2011, 10:35 AM

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Some relieve?

http://biz.thestar.com.my/news/story.asp?f...62&sec=business
kochin
post Aug 12 2011, 11:02 AM

I just hope I do!
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don't you guys just love it that the bearish camp are so optimistics of a drop?

and the bullish campers are equally confident of keeping the bears at bay.


SUSUFO-ET
post Aug 12 2011, 11:07 AM

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QUOTE(kochin @ Aug 12 2011, 11:02 AM)
don't you guys just love it that the bearish camp are so optimistics of a drop?

and the bullish campers are equally confident of keeping the bears at bay.
*
ya bearish camp is dancing on the street now, but the party is not on yet yawn.gif

Those who (investor) really hopes market crash 20%-50% better spend more time in stock mkt..

This post has been edited by UFO-ET: Aug 12 2011, 11:11 AM
property101
post Aug 12 2011, 11:18 AM

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something just for sharing

http://blog.iproperty.com.my/iproperty-upd...search-h1-2011/
lucerne
post Aug 12 2011, 11:27 AM

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QUOTE(UFO-ET @ Aug 12 2011, 11:07 AM)
ya bearish camp is dancing on the street now, but the party is not on yet  yawn.gif

Those who (investor) really hopes market crash 20%-50% better spend more time in stock mkt..
*
i just dont care, will continue to buy especially commercial prop in busy locations, good rental yield , positive cash flowetc. jsut bought a shop wiht 6% return.

as i said, from the history ppl just love to shop, even 2,000 years ago in china, inland villagers have to go to market to trade, buy neccesities. we chinese know this long ago. the busier the street the higher the trading activities. i will still go for it if the yield are good. shops are limited in every housing area. u can build thousands of houses but still limited frontage for shops. (no go for shops deep inside the taman2)
SUSUFO-ET
post Aug 12 2011, 11:28 AM

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QUOTE(property101 @ Aug 12 2011, 11:18 AM)
very interesting ...
kh8668
post Aug 12 2011, 11:33 AM

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QUOTE(lucerne @ Aug 12 2011, 11:27 AM)
i just dont care, will continue to buy especially commercial prop in busy locations, good rental yield , positive cash flowetc.  jsut bought a shop wiht 6% return.

as i said, from the history ppl just love to shop, even 2,000 years ago in china, inland villagers have to go to market to trade, buy neccesities. we chinese know this long ago. the busier the street the higher the trading activities. i will still go for it if the yield are good. shops are limited in every housing area. u can build thousands of houses but still limited frontage for shops. (no go for shops deep inside the taman2)
*
LOL..good one..


in Aug/September, there will be more than 930 mil (not 25mil) cash to support retail sales in the country. thumbup.gif

..."Putrajaya also made a similar payment last Ramadan, handing out RM500 across the board to all civil servants and pensioners, and amounting to a total of RM934.6 million."

http://www.themalaysianinsider.com/malaysi...for-pensioners/

http://www.gvishnu.com/bonus-payment-civil...pensioner-2011/


This post has been edited by kh8668: Aug 12 2011, 12:00 PM
myone1015
post Aug 12 2011, 12:17 PM

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QUOTE(lucerne @ Aug 12 2011, 11:27 AM)
i just dont care, will continue to buy especially commercial prop in busy locations, good rental yield , positive cash flowetc.  jsut bought a shop wiht 6% return.

as i said, from the history ppl just love to shop, even 2,000 years ago in china, inland villagers have to go to market to trade, buy neccesities. we chinese know this long ago. the busier the street the higher the trading activities. i will still go for it if the yield are good. shops are limited in every housing area. u can build thousands of houses but still limited frontage for shops. (no go for shops deep inside the taman2)
*
nowadays we have hypermarket. cheers.
kh8668
post Aug 12 2011, 12:40 PM

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QUOTE(myone1015 @ Aug 12 2011, 12:17 PM)
nowadays we have hypermarket. cheers.
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LOL..lifestyle shoplots....have you heard before?
lucerne
post Aug 12 2011, 01:51 PM

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QUOTE(myone1015 @ Aug 12 2011, 12:17 PM)
nowadays we have hypermarket. cheers.
*
yes, i also looking for shops inside or next to hypermarket. u wont go too wrong if u follow the hypermarket coz they'd done all the surveys. they know oni populated area they can survived. same to china 2000 years ago, oni populated area will attract more ppl to exhange goods/trading. (chinese called it 市集)。 u cant do this everywhere u like. same as shops, u just cant buy blindly.

This post has been edited by lucerne: Aug 12 2011, 02:59 PM
lch78
post Aug 12 2011, 03:00 PM

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QUOTE(lucerne @ Aug 12 2011, 12:27 PM)
i just dont care, will continue to buy especially commercial prop in busy locations, good rental yield , positive cash flowetc.  jsut bought a shop wiht 6% return.

as i said, from the history ppl just love to shop, even 2,000 years ago in china, inland villagers have to go to market to trade, buy neccesities. we chinese know this long ago. the busier the street the higher the trading activities. i will still go for it if the yield are good. shops are limited in every housing area. u can build thousands of houses but still limited frontage for shops. (no go for shops deep inside the taman2)
*
QUOTE(lucerne @ Aug 12 2011, 02:51 PM)
yes, i also looking for shops inside or next to hypermarket.  u go go too wrong if u follow the hypermarket coz they'd done all the surveys.  they know oni populated area they can survived. same to china 2000 years ago, oni populated area will attract more ppl to exhange goods/trading. (chinese called it 市集)。 u cant do this everywhere u like. same as shops, u just cant buy blindly.
*
For good commercial props location, you might want to check out Kota Damansara The Strand area. It seems to fit your requirements above. smile.gif

But the price there has appreciated quite substantial over the last few years.
tiensong
post Aug 12 2011, 03:49 PM

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QUOTE(gregy @ Aug 12 2011, 02:56 AM)
My boss who's got a prop business tells me that most of the time, those "nearly sold out" print ads all BS wan. They reserve many units for flipping. Hope to get the hype going, then when demand goes up, they slowly let go their own units at a good margin above base price. That's how the game has been played all along. Dunno how true but sounds plausible innit?
*
Yes...this is how the game played by developer...we are the victims of the game...they lead us by the nose...




ayha2009
post Aug 12 2011, 04:30 PM

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QUOTE(gregy @ Aug 12 2011, 02:56 AM)
My boss who's got a prop business tells me that most of the time, those "nearly sold out" print ads all BS wan. They reserve many units for flipping. Hope to get the hype going, then when demand goes up, they slowly let go their own units at a good margin above base price. That's how the game has been played all along. Dunno how true but sounds plausible innit?
*
This is the marketing strategy... like apple or harry porter.
Business man create the hype to lunch it will small amount. like apple, it lunch ipad/iphone slowly...
Harry porter, the publisher create news that the book will sold out immediately.
This two example create hype that ppl queue up to buy... Only novice will believe them...
ha..ha...


Added on August 12, 2011, 4:35 pm
QUOTE(lch78 @ Aug 12 2011, 03:00 PM)
For good commercial props location, you might want to check out Kota Damansara The Strand area. It seems to fit your requirements above.  smile.gif 

But the price there has appreciated quite substantial over the last few years.
*
Since our friend are so kang... i suggest u look at bandar botanic klang shop opposite jaya jusco...
it have more than 100 shops empty even the location is just 1 minutes oppsite JJ. the shops have been empty 3 years++

In addition, there are another 100 shops build by gamuda and VP end this year..

Do you think good location is always right? unless u have very strong holding power.... ~10 years.
Or else u just have to wait for ppl to rent.... wait wait. wait...

Good location means???? very subjective.... i think... rclxm9.gif

This post has been edited by ayha2009: Aug 12 2011, 04:37 PM

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