possible this scenario in bolehsia?

lots of them built all over kv
a good chunk gets taken by cronies and pretenders
rental 1k max

good alternative for those renting now?
add pressure to exisitng condo rental?

sure it is - 100% loan for rm300psf right after millions spent in speech to young to "defend putrajaya".
unless location is good-good, 300psf isn't cheap, is it?
secondary objective may be to keep construction going - a major plank now to keep gdp going.

This post has been edited by AVFAN: Jun 29 2011, 09:30 PM

other than diehards upupup, such is statement is reasonable and logical. "soften" does not mean burst or 30% price decline.
not only earnings growth factored in the dev stock prices, their new selling prices also factored in future inflation.
2 yrs is a long time for bolehsai which is not such a big economy, unlike usa or china that go on for much longer.
new launch price incr will slow down, subsale asking prices will come down.
bought for own stay, no worries; bought low-reasonable price in fair-good areas, no problem.
bought at premium price looking for high subsale price or high rental, may start to get difficult.

in the last 10 years, expat = mainly domestic helpers, constr and plantations workers.
plus some info tech, special projects on 3-4k rental budgets.
plus some gweilos on their own looking for cheap rentals like 4-5k for furnished bungalow.
15-50k rental budget expat an extinct species.
think more mysians on 10-15k rental budget in jakarta now.
20-30k in shanghai, plenty.

This post has been edited by AVFAN: Jul 5 2011, 08:33 PM

the best brains have left since there's nothing much to do here except debate whether props prices will rise or fall!
seriously, if you have the right skills, not hard to find a job there. easily 5 times yr current salary.

we will know by 6pm today. get ready to pay more int for loans, eat less...

blr up 25bp, fd up 10 - usually.

"300kw per hour"... "200 units"
300kwh per month is not that much for many homes. 300kwh in one hour for a month is a lot.
so is it 300kwh, 200kwh per month as threshold?


This post has been edited by AVFAN: Jul 13 2011, 08:42 PM

that other story is not complicated, just need:
. 90% or 100% loan after rebate
. full or partial dibs
. credit card downpayment
. short lock in or no lock in period
. can get privileged or bulk discount
. can sell booking before spa signing

there have been and still many like that, maybe price have gone up, location sucks.
someone said, "if one can create wealth out of nothing, it's hard to resist".
so the fortune hunting continues - until...??

This post has been edited by AVFAN: Jul 17 2011, 10:58 AM

it is not difficult to see some shifts in prop activity in the last year or so:

1 much fewer landed houses projects launched - they are either high end large houses or located in very very new areas (with promises of course)
2 then condos averaging 350-450psfpsf, considered cheap, rush rush buy buy
3 latest now pigeonholes 400sft, 650sqft comercial titles disguised as homes under or sovos (maybe later somo, small opis macam-macam opis) - averaging 400-600psf. entry price 200-300k, everybody say cheap, buy now. doesn't matter where it is or why will support it or what you do with it if not livign there. latest ones in seri kembangan, serdang, nilai, shah alam, cyberjaya, kajang - traditonally houses areas
4 many big time seasoned prop investors have stopped buying but start to sell, vacuum now filled by late, younger comers hungry and ready (some helped by parents)

to me there are 2 questions now in the next 2-3 years:
. we know inflation is going to be bad; if it is so bad, will people then still buy new homes at exorbitant prices or give up the idea?
. will people be willing to pay RM2k or so to rent a soho-sovo pigeon hole in some of those places?

no one knows where all this is going but one thing for sure - as prices rise and mediocre or poor locations become perceived hot sopts (helped by colorful artist impressions and heavily id'ed showunits), the risks have increased dramtically whether you can see it or not.

the mind and heart wants to buy. not just now or yesterday but all the time. the question is can the pocket afford it?
the same new homes in 2006 costs about twice today. unless yr income doubled, the decision isn't obvious.
of course, the answer is to go from 20yr to 40 yr loans - that depends on yr age and attitude towards debt.
if i am buying my first home, for own stay, yes, i will probably just go buy if i have planned for it.

i was highlighting the bbb frenzy now spilling over to "opis" pigeonholes that are not quite "homes".
people are buying them as much as buying houses or condos!
will these oho-sovos apprceciate just like homes?
or are developers cashing in on the final lapse of a run for anything that's concrete, steel and new?

my guess own stay-speculating ratio has gone from 80/20 in 2006 to 20/80 in 2011.
ask around a bit more, get honest answers!
most buyers will say buy for own stay, next thing they do is ask which loan easiest and cheapest to terminate early.

if above is the norm, then there is this new trend of mid20s wanting to buy prop when it was more like mid 30s with some savings before even thinking of buying in the past. which economies in the world permit mid-20s to buy own home easily?
according to report below, there may also be a situation now some fresh grads look for unrealistic pay but with some attitude as described by employers :
can we say high and maybe even unrealistic expectations is another issue besides rising prices?




This post has been edited by AVFAN: Jul 17 2011, 11:06 PM

sorry, i lost you... dun really understand... 2 sen followed by such a strong statement?

landed or highrise bought in 2008-2009, now subsale in market excellent.
to my knowledge, both categories are seeing 50-100% cap appr.
bought in 2010, coming onstream in 2012-2013, probably ok, cap appr 20-30%?
bought in 2011, will be tough.
launches for houses, freehold in particular, rare now. condos still launching. suites-apts-sohos-sovos -- no shortage, buy till you drop.

which ones will perform better from now on, obvious to me.
still gungho about prop price rising, go head and buy highrise now!
developers, bankers and appointed agents are waiting to see where the suckers will come from, make their day!!

This post has been edited by AVFAN: Jul 18 2011, 02:52 PM

agree.
but it does offer a short term window for speculators and developers to make a killing, gomen to drive up gdp numbers.
that, is about to end, imo.

this is a little funny to me. in the past, banks observed rule instalment <1/3 of monthly gross pay. then it went to 1/2, even 2/3 in some cases.
if net pay is used to calculate, what's the difference if banks apply 100%. 120% of monthly net pay?
really, gomen has little heart to slow household lending or slow construction since that's the only big tool they have to keep gdp going.
at the expense of massive future debt problems, of course. gomen of the day does not always care about gomen of the future.

---

Added on July 21, 2011, 10:56 ami dun think the issue is about foreign hot money. there is plenty of hot money in singapore, hongkong and shanghai, not maresia.
foreign funds hot or cold have long shunned local market be it stocks or props due to reasons well known.
bnm probably have increased money supply; gomen bonds and sukuks have been quite a lot.
increase in domestic debt incl household debt riding on top of inflation from subsidy cuts and rising world food+commodty prices is the issue.
the thing that will bring disaster here is debt - not that different from greece, the other pigs and now suspected, italy.

This post has been edited by AVFAN: Jul 21 2011, 10:57 AM

i wouldn't put my hope on those thickheads busy lining own pockets and arresting innocent people.

read a bit more, forget sg or hk. start comparing with other cambodia and kazakhstan, so says adb:

right, younger, next-next generation can still afford and buy.
just dun complain cannot buy in prime-prime areas, cannot buy when 20-25 yrs old!!