With the introduction of the single currency, interest rates were greatly reduced and those buying property were encouraged to borrow larger amounts of money. As prices continued upward financial institutions offered 100% loans. Newspapers carried advertising for properties urging people to get onto the property ladder as property was seen as a one way bet. In 2006 160,000 Irish people remained unemployed, 21% of all school leavers including those that completed the Leaving Certificate, were unemployed, the construction industry employed one eighth of the population, above the European average. Inflation was higher in Ireland than elsewhere.

Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see... 

Sorry, I have been checking the classified and iproperty to buy a landed property for my own stay - not for flipping.  I notce that the price of the same proeprty that could be on the market for a couple of months, increase by at least 50k - 100k when marketed by a different agent. Now this is the same property. So if the property is marketed by two or three different agents at different stages in time, the agents just put up the price. How can you say then it is because of rising cost of building materials etc? The properties are either old properties (basic) or certainly were not in the process of being renovated when they were put up for sale. So I find the agents play a very significant role in jacking up the prices far beyong the actual market value of the property. Granted, they want to earn higher commission etc, etc - who does not want more $$$ but shouldn't there be some responsibility? How easy for them to raise the prices, and to raise the vendors' impression that the property is worth that much. It's fine when the proeprty is worth its value but more often than not, it is not. It is a very dangereous situation but sad to say nobody sees it or wants to believe it till it is too late. Everyone just adds fuel to the raging fire till it gets out of control. Just my observation.

this is my conversation with a property agent just now for her post of a semi-d selling for RM 450k at KL
Go higher while you still can ! I'm also waiting...

I use picture news.....

tha's y some articles will be missing forever whenever need it for comparison/info.

these articles got theirs values. now have to save inside my own threads somewhere.

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Added on July 24, 2011, 9:16 pm
hmm each transaction about RM250....kekekeke...still can be afforded gua.

yesterday went to Maybank treats fair also spend more than this amount.

oz all the Taikors start the buying spree quietly without sharing more due to scarcity of quality properties ..kekekekeke..check the CLASSIFIED

Other property forum also more quiet now.

The silence below the tragedy???     

Yes i heard it will keep going up for next 10yrs. Dont let the buying stops 

I don't know for certain if a bubble is coming, but I do think that it's time to be a little bit more careful.  Just for fun, i'd like to share some anecdotal evidence on why a bubble MAY be happening

1. If u talk to some bankers around town, they will tell you that 7 out of 10 loans do not meet the valuation given.  In order words, prospective buyers are forced to top up.  In other words, transacted prices r consistently above valuation.

2. Yes, we all know about the escalating prices of 30% blah blah blah....enuf said.

3. There are more people in the property forum vs. the stock market forum, compared to 3 years ago (couldn't resist typing this)

4. Developments are coming up at a frenzied pace now.  Almost frightening really.....with new psf barriers being breached.

5. Again, just based on anecdotal evidence from some bankers - Year 2013 will see the country's highest number of VP-ed units in history.  Fu-yoh! That's when we'll really see if people can flip so easily, or perhaps even service their installments.....

Nego now and get a semid 40x90 just lower than 500k in Klang.
 
Next 6 months will be a good indicator for those prop that over price like mont kiara, setia alam especially terrace and condo. Good luck to all of us.
Next year is good time to buy.. When those have no holding power run out of bullet. Normally will take them 6-9 months to empty their reserve. Bank also need 3-6months notice before auction.
So my calculation is that hot area will have firesale around 2q of 2012.
Now is good time to look around for your love unit and wait for the time.
Same like share, next year is good time to buy bluechip property.
Hope im right here.

It is just the beginning. For business man need money. Do u think they let go of the property or their business.
for the pass few years they have been buying lots of unit. Do you think they still got bullet?

Who else got bullet? Singaporean or malaysian work in singapore? Do u think they not worry that they loss their job like 2008 time? I think few months later it will be buyer market and not sell market. Be patient....

China investor? Worst that they need to cover own problem in china. Hong kong? Same

Antie uncle that buy for their kids. Just no choice but bite the bullet lo..

Do I miss anything here? In short, how many of u still sing the up up song.