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