LOL! Not applicable to Malaysia honestly.

He's not worried. He's optimistic about Malaysia's future.

Its not a bubble to begin with.

There's no bubble.

LOL! Let me tell you what's going to happen. Richfag properties, harder to buy, richfags resort to low end and medium end properties AS INVESTMENTS. You'll see them grabbing 10-20 units of low cost apartments. Demand for low end and medium end properties increase. Poor and middle class people can't keep up. Poof... The same problem gets aggravated.

Sir, I have tell you that there's no property bubble in Malaysia.

This post has been edited by Flaming_lion: Sep 6 2011, 01:41 PM

In our case, property prices are high simply because of demand for properties. Everybody comes to KL to earn a better income. When everyone comes to KL to earn a better income, everybody wants to stay in KL. When that happens, isn't that increasing demand for properties? Demand goes up and up, while more and more people are moving into KL and Selangor. On top of it, old properties are being made way for newer high-rise properties.

If you say its a bubble, then you'll have to look at those rich people who own like huge numbers of low end and medium end properties. These people buy and sell therefore, inflating the prices of properties. Only then, I would say, its logical to call it a bubble. The problem with KL and Selangor is that, property prices are increasing more and more as more people are moving into KL and Selangor.

Just to prove the point, recently a corner lot near my house was sold for half a million. Its only 18 by 60 and its a double story. Heck, everytime I see a property for sale around my place, in just less than a week, the property would be sold. Interestingly, I don't see them as investors, but I see most of them are either newly weds or retired elders. Does this sound like a freaking bubble to you?

This post has been edited by Flaming_lion: Sep 6 2011, 02:12 PM

Nope.

LOL! Tell you what... You just wait, keep waiting for property prices to fall. Just sit and wait for it. Let's see how long before the "bubble" will burst.

By the looks of it, more and more people are buying properties in KL & Selangor because of the need to work in KL and Selangor. People are coming in from other states to look for better opportunities. Are you telling me that these people will live in huts as illegal squatters?

In Malaysia, what did the government do? They told the banks to offer 30 year loans instead of 25 year loans.

That's the worrying part.

Years ago, you only needed a 10 year loan. Then it became 15, followed by 20 and so on... Today, we're talking about 25 to 35 years loan. That's how exactly we're coping.