if the price drop due to poor economy, yr current prop also drop. r u sure u still want to upgrade as u need to folk out more $ while your job is uncertain?
like i said, why u all hope for a crash?  if we work harder/smarter , we earn more and we can upgrade to a better home. since everyone earn more, the economy is good, more investments pouring and more opp for all.  and i like to compare to shanghai again. the ppl there are happy and many upgrade to better home, as they know they will earn more due to their high compentency in workplace and many mnc are coming to hire more ppl to expand biz. now china looking to expand internal consumption, old day=made in china, now= made for china. if u stay in sh long enough u will know how efficient is their ppl. from sales coordinator up to managers.  also their courier service can reach within a day in sh. i found even sg also cant match...no one in sh expect their doc to arrive the next day...cant imagine how hard working the chinese ppl.. bank are open til late nite, all bank open on weekend.. inter bank giro transfer can reach next hour, outstation /province giro can reach few hours later. how we to compete ??

My brother bought his d/s hse in DJ in 1986 for 196k.   Today it is worth about 700k to 750k.   Annual appreciation is abt 6%.  

DJ d/s if remember correctly in 2007/2008 ~RM4xx. So 3-4 yrs ago at this time your bro must be complaining appreciation less than 4%. Now everybody making hoohaa  must buy properties 


In prime areas, much as we want prices to drop, I think it is only wishful thinking.   Prices increased so much, due to inflation.  Much as we lament abt very low income, there are alot of ppl who are paid very well.  I recently interviewd few candidates for managers post, and mind you, people are are below 35 can be earning an annual package of 200k to 300k.  Malaysian high savings rate, meam alot of aunty and uncle have stashed alot of $$$, and due to inflation, and rising prices, people are grabbing hses.

A superlink in wah, so far away from Klang valley, also recently launched for 600k to 700k.  How can u expect prices for SS2 or Damansara Jaya to come down?  Impossible!!!
Agree to some extend. Mature area most owners already paid full, they are not desperate to sell. Unless got into financial problem, may be during downturn. If give discount 10% below market most gone within a week. Only buyers desperate to buy. Bear in mind SS2/DJ mostly are not gated, tat -ve point. +ve points are old hse larger that d/s in new area eg. MD. So price should be flatten aft the recent hike

Land is scarce.  People taste have changed. People who have money, are not just looking for a roof over their head.  They want good neigbourhood, good address, etc.  Therefore, prime areas like Mutiara Damansara or Bandar utama, and the likes, will hold their prices well.

Landed properties, due to low rental yields, are less of a target for speculators.   People buy for own stay, or keep for children.  So, if supply is under control, prices cannot have freefall.  In 2009, my niece wanted to buy a hse, but want to wait for cheap sale.  Good thing she got smart and bought sthg.

In 1997, prices dropped badly, because of high interest rates.  Today, at BLR- 2% (some even BLR-2.4%) and long tenures (in the 80s, tenure is only 10 years to 15 max) of up to 45 years, property bubble will not burst.      A RM1 million loan, only need RM4,200 to service.  Back in 2000, the same loan due to a lower tenur, will need more than 10k a month to service loan instalments.

Do share more on your experience in 1997 on local property. As far as I know (limited knowledge cause overseas), residential properties didn't dropped badly at matured area like BU. Understand shophouses in SS2 highest 1.6M/or 2.4M? plunged below 900k within few mths if not mistaken reading from one article. Friend who bought Riana Green condo in 1996 sold slightly higher price couple yrs later only complained abt the >10% interest rate. Didn't mentioned abt price dropping. Remembered he mentioned aunties/uncles snatching buying like fish market. Sibling who bought new Sunway D'sara d/s for ~390k in 1996/1997 got a rebate cash back of nearly 20% discount of $70k in the coming months. Wat an gain during crisis. Sunway the best developer  .

If need a house, dont wait!!! Don't rush also. Do own study.

Heard the rumor about recession may be happen within 8-12 months... bank division was directed not "too aggressive" on lending...

May I say, property prices are getting back on track. No more going up as fast, or one direction. Only that in order to keep it affordable, I realized 2 things, getting very high density and the unit size also getting smaller.

is Kelana Puteri affected? Kelana also have a few shops inside eg mini market, cafeteria, salon, laundry etc. 
so the quit rent will increase after they obtain the strata title??

---

Added on July 21, 2011, 2:12 pmreally dun understand why MPPJ is so stupid, they can just divide the commercial and residential prop la. hope DBKL is smarter.

good info.
important to note that both thailand and vietnam yield is even worse than ours.
would have love to see jakarta added in the survey.
i'd been stressing this endless time. malaysia price is dirt cheap compared to our neighbours.
st regis at rm1.6k - 2k psf is dirt cheap compared to their name marketed in overseas. no wonder it is a sellout.
foreigners would not hesitate to buy up the brand at a fraction of their original price in thier home country.
on a crude scale, imagine this.
say a coach handbag in malaysia selling at RM3k.
u go say US and the exact same handbag or slight variation of it but still a coach handbag is selling at say USD300. no doubt most people will grab it, right?

just had breakfast with a hongkie today.
told me the highest currently is either HKD60kpsf or HKD30kpsf (i cannot remember).
an average university grad entering the workforce is around HKD12k/mth.
they also crying about affordability of property purchasing.
furthermore their minimum downpayment is 30% and goes higher if property price is higher.

HK actually has twice as much land than Singapore, but most land is controlled by the government. I think HK only developed around 10% of their total land area. It is HK government policy to create high land value, thus translate to high property prices, since the days of the British rule.

The land cost for building an apartment building in HK is around 60% of the total cost, whilst in Msia, the max is only 30%. It is actually the high land cost that causing the high property prices in HK.

Therefore now HK ppl are pressuring their Government to release more land for building houses, in order to bring down house prices. Right now, HK government also mulling having a social housing scheme like HDB in order to cool down their over-heated property prices. However, the HK leader is hesitating to think about how not to end up like Tung Chee Hwa shall he proceeds with such plan. 

But then it is difficult for HK to lower their house prices in a free market. Every millionaires in China will like to own a piece of prop there given HK is still a better place for living (if you can afford it). And millionaires in China can easily out-number HK population. 

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

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

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")

Singapore PM warns about risk of second global recession[SIZE=7]
SINGAPORE: Singapore Prime Minister Lee Hsien Loong says the global economy is deeply troubled and in the short-term, there is a risk of relapsing into a second global recession.

He said the economic problems in the United States and in the European Union would take years to resolve, even assuming they muster the political will and consensus needed.

"Singapore is vulnerable to these external problems, so we should be prepared for turbulence ahead. Fortunately, Singapore is in a good position. We have a vibrant economy, a capable and hard-working people and substantial reserves built up prudently over many decades.

"These give us the resilience and the resources to see us through the worst storms," he said in his speech at the swearing-in ceremony of the republic's seventh President Dr Tony Tan Keng Yam at the Istana last night.

On Dr Tan's responsibility, Lee said: "You are taking office at a critical point in Singapore's economic and socio-political development."

"Indeed, protecting our Past Reserves was a major reason for creating the institution of the Elected Presidency.

"Our Past Reserves are our rainy day funds, which are not just for today's Singaporeans, but also for our future generations, our children today and their children tomorrow," he said.

Lee said the president holds the second key and must agree before the government can draw upon Past Reserves.

He said drawing on "our reserves should only be an absolutely last resort. Our first strategy is to ensure a resilient and dynamic economy."

"But our reserves give us confidence that we can weather any crisis, however severe it may be. My Government will continue to be prudent and build up our reserves year-by-year," Lee said.

He said there will surely be future occasions when the government will have to seek the president's approval to draw on our hard-earned Past Reserves again.

"It could conceivably happen within your term as president, if the dangers facing the world economy escalate and precipitate a major crisis.

"In such an eventuality the government will work with you, Mr President, to handle the request and decision deliberately, systematically, and in the best interests of Singaporeans," Lee added. - BERNAMA

oh man, and your calling yourself a financial consultant? facts? where is your facts? figure plugged out from some articles back dated in 2007? Statistics and graph base on UK and US? Do you actually know what your doing in your own field?

I'm not an economic advisor but being a IT consultant i do know what consultancy job is all about. Like all consultancy job... It started with analysis and the 1st part itself you've failed. We do not need to mention other task like risk assessment, ROI, approach and methodology.. etc  I do not know how many times i need to say this, but if you can't guarantee that the market will fall then DO NOT tell anyone else that it will. What's the point keep posting telling everyone base on your so called "facts" which was not even being written / studied by u. If your a so called economic advisor. Do LYN community a favor, give us some analysis from your end and not a no brainer 1 liner and pluck out figures base on US and UK statistics.

I'm not an economic advisor nor any real estate agent. I do not side to flippers and yet i strongly disagree if you are asking each and every single one not to buy. Someone who wants to build a family and you guys asked the fellow to rent instead of buying? Come on do better than that, that's not even close to constructive comment.

I do not look at graph and statistics because it failed me 4 years back and all i can share is my past experience. I've been living here in KLANG VALLEY for 9 years and I've gone through 2007/2008 while working. I've stayed here renting for 4 years and the total amount which i paid and serve the loan for others was more than > RM35k. If i need a home and i do not get it and continue serving the loan for others.. Do you even think it's wise? 4 years for blardy RM35k? You can gurantee that the property will drop more than 40k in 4 years time? As a consultant i can't be sure whether the price will be going up or down, but i can still know how much i've lost for the past 4 years and how much i am going to LOSE if i don't get a home for myself in KV soon.

If you insist that the economy will go down property price will go down, at least PUT YOURSELF in other people's shoe before commenting. Blindly asking ppl not to buy is not the way and as a consultant/advisor we do not make decision for our bosses but instead we tabulate facts and figures, logic reasoning, and your 5 year plan analysis as part of it . If you are indeed a consultant, please practice the professionalism. Don't be the idiot who once told me not to buy despite i need a home.

*Read back V1 and V2. I did comment as well and i am hoping the property price will be going down but unlike you i do not comment unprofessionally because i know some ppl will not take this comment lightly and if they followed your way and it did not happen are they able to claim anything from you asides misery?

haha. my target price range is US$5000-US$8000/oz in 5 years. we'll see a parabolic move before it pops.  we'll see.

Wow, this i did not know it. Got such thing one ka. owe 2 months also all reject? lucky i got no such issue when it comes to this.

http://youtu.be/rQow0Fhua1A

"The FED is printing money like toilet paper and causing inflation. Inflation is a hidden tax that only benefiting people at the top."

Guys, If I told you 200 years ago, we had zero inflation for more than 100 years, would you believe it? It is because we had gold standard, so that savers could save honest money without losing purchasing power, and didn't have to speculate in properties/stocks like we are doing now to "hedge against inflation", and people at the top couldn't steal our wealth through inflation...

do u know that gold is a better conductor than copper?
the wires in IC chips are gold, electronics...
some migrating to copper because copper is cheaper
if not they will continue use gold...

gold is not entirely useless...

http://www.goldelement.info/What-Is-Gold-U...ld-Used-For.php

LOL..u will only hate it if you involve in million dollars investment..other than that, it is nothing.

generate 5%-10% per annum is very good d in capital apprecation, where do you get this from others?