or if we look from his view mean.

"pls dont buy..lower the demand so i can buy with cheaper price."

hahaha

WAITING FOR THE BUBLE TO BURST OUT ... LOUD !

so many people waiting for bubble burst, maybe it wont burst afterall.

It' s sounds somewhat true.
As the bank negara is start doing their job to tighten the loan rules etc.
And many investors might step back and wait to see what's the situation.

Anyway, I think the peak transaction happens in yr 2010-2011, and normally it waits 2-3yrs (once the new dev is completed) to be seeing the bubble burst.. when the house/condo completely built, with the DIBS, the speculators hope to sell the house with >25% markup of their original buying price..

How many units of properties has been sold and under con from yr 2010-2011? for coming yr 2012-2013 how many of them are completed? Just imagine so many owners will be fighting each others to sell their units for earning (with the rules property price will never fallen).

But I pray hardly the MY economic please stay calm and stable! Else everyone will have a tough time then.

Dude, you do make a lot of sense.

I have been looking at some projects for a couple of years, the developer's selling prices for similar products have jumped 100-200% since 2008/09.

The newly launched Casaman terraces at Desa Park City are selling at about 2mil, all sold out in 5 hours, it looks like insider takers to me.

People are literally queuing overnight to buy properties, this is a big sign of bubble top, it's not gonna end well. Also, the incoming global banking crisis by year end will not help either.

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Added on September 14, 2011, 9:46 pmYour friend is going to live under some bridges.

Easy loan is the root cause of our housing bubble.

This post has been edited by debtismoney: Sep 14 2011, 09:46 PM

Someone is selling a newly built bungalow at RM 12mil. Though not transacted yet.

[quote=debtismoney,Sep 14 2011, 09:40 PM]
Dude, you do make a lot of sense.

I have been looking at some projects for a couple of years, the developer's selling prices for similar products have jumped 100-200% since 2008/09.

The newly launched Casaman terraces at Desa Park City are selling at about 2mil, all sold out in 5 hours, it looks like insider takers to me.

People are literally queuing overnight to buy properties, this is a big sign of bubble top, it's not gonna end well. Also, the incoming global banking crisis by year end will not help either.

U might need to cal some bankers to clearify who is buying all these Casaman houses. I was there and lotsa my frenz bot it. Cash rich. Loan 50%-70%. Stanchart very happy cos they got most of the buyers taking up loan from them. Reason for giving loan to so many buyers is simple. They hav plenty of FD savings with their bank, or they are able to transfer handsome amount of FD to their bank. So stanchart ppl r not afraid of giving out loan to buyers in DP. I think lotsa bankers oso not afraid of doin the same. Buyers there hav no need to beg the bank, instead bankers hav to work hard to secure loan from rich ppl bcos banks oso wan stable loan.

Of cos, there r ppl who r not able to get loan for DP projects. But its like 0.1%??? Correct me if m wrong. Just wanna share some info I hav.

Thanks

they can open and welcome ppl from china to buy property here, solve the problem and property continue to prosper and crony all can change new lamborghini.

whole europe and US banking system on the brink of collapsing.

western countries all experiencing debt issues, on austerity measures, all shrinking and all in bad shape

our Malaysia economy is good based on what ? because the Gov "allow" people to borrow money to buy house and speculate.
Everyone will feel "rich" for a few years because businesses will grow, house price increase so some people make money. You can take money from your house appreciation to buy shares and so on.

But go and ask around and see whether their income got increase or not.
But they are buying house like it's free.

We totally ignore the whole world's economy.
I'm waiting to see people to jump from building within 3years time.

lol. jump from building!

Everyone makes their own decisions. People jump onto the bandwagon without thinking the consequences.

Well, I heard Greece has enough money to last for another 3 weeks, if Greece didn't get a bail out or some sort, it would DEFAULT! Portugal, Italy, Ireland will be next! Be prepared guys.

be prepared to do what? jump from building?

be prepared to queue overnight to buy property

Malaysian property scene escaped the 2008 crisis, which makes everyone think we are somehow isolated and insulated from the global economy.

good read