the world is subsidising US.

nowadays we have hypermarket. cheers.

some ppl always say landed property price never drop but I bought mine few years ago with 10%less market price. cheers.

dun worry, malaysia property price is the cheapest in this region.

how can you compare condo with apartment?

Someone: Are property prices going to up further?

Speculator: Yes, definitely.

Investor: Maybe.

House buyer: No.

which project is offering discount now?

i thought all units will sell out during launch? hmm...

Most Expensive house in Manhattan resells for, a loss at $36.5 million

http://forum.lowyat.net/topic/2008355

the prices more like the matket price rather than the auction price. wonder who will bid since cannot view the interior...

if the reserved price is similar to market price, people will just buy from the market. Why should they care about the auction???

this is very funny.

apparently some agents got butthurt here

you wont thank me for caring about your butt or you are not an agent?

This post has been edited by myone1015: Aug 29 2011, 10:41 AM

sounds serious...

Bankers plot course as sovereign debt clouds loom
September 05, 2011

FRANKFURT, Sept 5 – Top European bankers gather in Frankfurt for a two-day conference today to share insights on whether the latest sovereign debt crisis squall could yet turn into a financial market storm.

Predictions of dark clouds over the German city’s annual Banks in Transition conference are a fitting backdrop for the gloom in the capital markets, where fears over sovereign defaults in euro area periphery countries have sent investors scurrying for shelter, halting the takeovers and stock market listings that are the lifeblood of the bloc’s investment banks.

Bank shares dropped sharply early today towards the two-year lows they reached in August, as if to confirm the gathering gloom in the sector. The STOXX Europe 600 Banks index was down 2.99 per cent at 0725 GMT, leading European shares lower.

Deutsche Bank chief executive Josef Ackermann will set the tone on day one of the conference with a review of the macroeconomic and regulatory changes that many bankers say are crimping banks’ ability to earn their way back to health.

Germany’s largest lender and global investment banking player has already warned that reaching its goal of €6.4 billion (RM27 billion) in pre-tax profit for this year was becoming more difficult and required a quick and sustained resolution of the European sovereign debt crisis.

The crisis has kept banks hostage to market concerns about their capital strength and access to funding, concerns that were stoked again last week when the International Monetary Fund said Europe’s lenders needed urgent recapitalisation.

A European source said that the IMF saw a capital shortfall of €200 billion among European lenders.

The chief executives of Commerzbank , Societe Generale and UniCredit will also set out their visions for the way forward in difficult terrain.

As the prospects recede for a near-term return of confidence, some major lenders, including Barclays , HSBC , Goldman Sachs , Credit Suisse and UBS , have begun to slash tens of thousands of high-paying financial sector jobs.

The chief executive of JP Morgan’s investment bank, Jes Staley, will give the view from the other side of the Atlantic.

Deutsche’s Ackermann may also face questions over a report that securities packaged by his bank are among half a dozen deals being examined by Britain’s Serious Fraud Office (SFO). – Reuters


is it happening...?

The highest in Asia.

"Bapa transfomasi" must be damn proud now.

i think only 10-20% can afford to do that...

the rich also have bought very expensive properties. some might need to get loan also. Part of their wealth is also "paper money".

When the stock/property market crash, their "wealth" might disappear too...

You think they keep all their wealth in cash???

too bad, the super rich e.g. li ka sing is only 0.0001% of the population. They won't help you to sustain the property price.