i am more interest on where those US/Europe investors want to park their money.

GOLD

gold it too risky now, i think most of them now park their $ in "safe heaven" eg Singapore, Swiss, Japan (AAA). That is why their currency now shoot up to new high.

http://www.zaobao.com/cg/cg110818_001.shtml

many do not like to park their $ in the weakening USD and Euro due to the crisis. I hope they will park their $ in RM

This post has been edited by lucerne: Aug 18 2011, 11:53 AM

gold almost hitting usd1800/oz. right now is usd1790+. remember only a year back, my gf wanted to buy, it was only usd14xx

how can you compare condo with apartment?

What sort of investment not risky nowdays? Parking money in the bank also risk of devaluation due to super inflation

Park $$ in RM ??... that's the last thing any country would wanna try

hope oni mah...

http://www.themalaysianinsider.com/busines...a-concern-zeti/

hope msia govt will do something or RM will devalue as Zimbawee

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Added on August 18, 2011, 12:33 pmthat is reason why msian now try to sapu as many prop as possible hope to counter RM devaluation. even the developer also go all out to sapu as many landbank coz they know thier $/profits in bank is worthless in next decades. better to borrow more and pay peanut later (to bank) when RM devalue to 1/100, haha.

This post has been edited by lucerne: Aug 18 2011, 12:35 PM

I hope you're joking, right? Potato, potah-toe, tomay-toe, tomato....

well, in the west, it seems like there is no difference between condo and apartment. You won't see "condo" this word in Australia by the way.

If you had the same amount of money, if you were an international investor, would you park your cash in New York financial centre or our KLCC?

Investors can't flood all their cash into Swiss Franc, Yen, Canadian Dollar etc. USD is about 60% of the world currency in circulation, imagine all 60% USD rush to buy the 5% Yen...

They are such a small market, if their currencies go up too much, it will hurt their export, and their central banks will step in and devalue their currencies. The Swiss and Japanese just did last week. We are having a world wide currency war...

GOLD is probably cheaper now than 10 years ago, if you consider the amount of money that has been created.

I'm expecting 200-300% return for GOLD in 5 years, the EURO will not survive in current form, the USD is a doomed currency in longer term.

The world central banks are net buyers of GOLD first time in modern history, China, India, Russia, Mexico, Thailand, they are diversifying if not getting out of the reserve USD.

I beg to differ.... how much is KLCC most expensive apartment??... 35M RINGGIT???

Here are the fat cat investors in the US..... in US dollars of course...

http://www.businessinsider.com/most-expens...mes-2010-4?op=1

Like this comment:-

Steve on May 4, 2:35 PM said:
As a New Yorker, Manhattan life is not for me. The rich may not go for it, but I'll stick with my back yard, less crowded streets, green spaces, view of Jamaica Bay, and more affordable life in the outer boroughs and suburbs. When feeling like a little entertainment in Manhattan, there's always transportation to get me there. The ride doesn't bother me. I'm much more content in the somewhat quiet and solitude of my town, and no, I'm not resentful of their money or lifestyle. Wealth won't get you anywhere in the eyes of the Lord.

Read more: http://www.businessinsider.com/most-expens...1#ixzz1VN4iDRSp


Seriously, those who chase after super hot KLCC/Mont Kiara/KV/Bangsar/... condos/link/SD/mansions thinking outer space or galaxy is the limit ... u don't know what u r missing. All are fools in the eyes of developers/'conment'.

This post has been edited by Bobby C: Aug 18 2011, 05:44 PM

http://www.iproperty.com.my/developments/2...ge_Mansions/#m1 Listing Price: From RM5,055,800 - RM11,630,800

http://www.iproperty.com.my/developments/1...esidences_1/#m1 Listing Price: From RM4,661,910 - RM10,007,730


Most expensive condos in KLCC, RM5mil to RM10mil maybe? Anyone?

You could easily get a decent luxury condo in NYC for say USD1mil-USD3mil? The median house price in the US is about USD177,000 and falling, and most of them are detached houses, as we call bungalow in boleh land.

This post has been edited by debtismoney: Aug 18 2011, 05:58 PM

S$ is super strong. Touching 2.50. Think a prudent government is better than gold. Those working Sg can celebrate liaw

I think when those luxury condo bubbles pop, it will be widespread to the whole property market, it won't be contained to that particular segment only (I'm pretty sure the developers/RE agents will say "it affects the luxury condos only, everything else is business as usual")

Those newly completed expecting >$4000 tenancy agreement will get the first hit.

Those old, matured properties where most owners paid 50% or more of the purchase price, they can still afford to hold for couple of yrs untenanted/subsidizing the interest rate.

2012/2013 will be interesting yrs to watch how sentiment going to turn. Just keep fingers cross, hoping employment rate remain the same or better.

Hey guys, I got a question to ask.

If I had a mortgage which is underwater, say I bought a house for 500k (say 100% loan) and the home valuation is worth 400k now, would the banker come and ask for more cash to cover the difference?

I don't think so. As long as u pay every month bank are ok with it.

you will ended up negative-equity ,that mean once you sell you house pay up all the bill you still own bank money depend how much % you put down and hou much % it fall of the house value you first bought and also you how much you borrow.

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Added on August 18, 2011, 9:47 pmmalaysia govtment cannot let the RM appreciate more othe wise the export will fall to O% then it hurt GDP,donot forget malaysia and other asian country mainly is export economy base on,,,,,,,that is why singapore hurting they exporting firm after thier govtment let the S$ raise too much too quick......
now every country try hard to devalue thier own country just to get the country going during this hard economy time,look swiss frank and japan yen.....US same just print money out and stop rise thier interest rate,thier want Dollar devalue just need other country to buy thir stuff .....that apply to british pound as well as euro
RM will hold on the present rate againt other currency......

This post has been edited by 2wong: Aug 18 2011, 09:47 PM

DJ -500 after half hour trade....2nd round......