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 Are property prices going to up further? V4, nothing's gonna stop us now

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PradaLee
post Apr 8 2012, 08:54 AM

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QUOTE(lucerne @ Apr 8 2012, 12:28 AM)
Yes the newcomers (be the outstation or foreigners) will still flock to klcc for work. this newcomer may not like the heavy traffic (if they live outside klcc), or they have no car and need to live near to workplace, or they not familiar with KL and prefer to live within klcc.  (especially foreigner)

when i was living in Shanghai, i chose to live in the city centre (even the rental is much higher than outskirt, 2-3x). coz i am not familiar with outskirt shanghai. travelling by taxi also easier and cheaper.
my colleagues (from other province ) also prefer to buy home not too far from shanghai city centre (where the offices are located). most of them take mrt + short distance taxi to work. very few buy home far from mrt , i mean short distance by taxi or city bus to mrt station. home near to mrt is very much higher price. many still prefer to buy a little further away from mrt. 

i still think that future jobs opportunities will be concentrate in city centre area.  look at big cities like Tokyo, Shanghai, Beijing, Guangzhou, Taipei, Bangkok, Jakarta etc.
there are so many new coming office in KL Sentral, klcc and nearby. many MNC, big local co, GLC will eventually fill these offices. we dont see much office building in outskirt kl. new comers , foreigners, MNC employee still prefer to live near office. driving to work will be expensive, eg traffic jam, oil, car park, car maintenance, time etc.
*
Well written and I fully agree. It is absurd to talk about outskirt taking over KL. If they ever do that, it means KL city center become outskirt and then people come back to KL? rclxub.gif
debtismoney
post Apr 8 2012, 10:24 AM

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QUOTE(kidmad @ Apr 8 2012, 01:17 AM)
1st of all i'm never innocent
2nd yes i'm indeed pointing at you and you are smart enough to know that. Should not you be asking yourself why am i picking on you?

*now look who is talking should we go back to V3 and look into your comments? Now talking about so what if you were wrong? Then you should not have act smart and insisted that the property market would be going down the drain. Again as simple as that if there are anyone who would have followed your "professional" advise.. they would have lost their hard earn cash. You really think someone like me would be listening to you who boasted oneself paying 600k tax?

In fact i don't quite understand your intention in the 1st place. You are picking articles from US and the rest of the world but you've never analyze the market in Malaysia. How much do you actually know about the property market before you first commenting? If i were you, i'll rather be silent and observe instead of babbling blank points which mislead everyone. This is the property talk forum not kopitiam. If you do not have something concrete i recon you not to share your 2 cents worth.

*I'm impressed with the words highlighted in your comment. You are the person and another guy talking about the bubble as if it would happen NEAR FUTURE. While the rest were talking about correction, prevention and continuity of market growth.

*Haha before calling someone else a cry baby why not you look into yourself? to be honest until now i'll still say whatever post coming from you would still be CRAP and RUBBISH. I don't think that's provoking at times you just need to know what VALID POINTS and what are GARBAGE. I guess the best way for me to filter your comments was to put you in my ignore list  tongue.gif
laugh.gif laugh.gif laugh.gif hahaha Kiddo's ultimate workable solution >>> SILENT your opponent when you are in a vulnerable position. Just like BN sent Mr Anwar, Lim Kit Siang, and Lim Guan Eng to jail in order to silent them and eliminate opposition. I guess you won't execute innocent people, wouldn't you? shocking.gif

Great! Filter my posts by adding me to your ignore list. What about digging a hole and burying your head into the sand? So you can live in your own fantasy world without criticism and opposition forever? notworthy.gif

I'm saying we are having a housing bubble in KV NOW not if it would happen in the NEAR FUTURE as you pointed out sweat.gif don't twist what I've said.

I really don't mind you repeatedly talk down my posts are CRAP and RUBBISH, It just won't make you look intelligent. In fact, I'm enjoying seeing how desperate you are rclxms.gif


Once again my apology to others who might feel sarcastic and offended.
A.B.D.
post Apr 8 2012, 10:58 AM

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QUOTE(Bahkuteh @ Apr 8 2012, 01:45 AM)
I think we are in safe hands with Dr Zeti running BNM. To me,she's a 5 star governor n she has made Msia market v sound.

My concern is only for bullshit products like overpriced soho n hotel suites for sale.  rclxub.gif
*
agree on the overpiced shoeboxes in the sky going for RM900-1000++ psf, well only the buyers know exactly what they wanna get out of it.

the worst thing is the spillover effect. even old and dirty walk up apartments which used too be rm100k+ now asking for rm300k+ for 1000sf. doh.gif
DaveMustaine
post Apr 8 2012, 10:32 PM

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Rather than fighting or debating so of you may call it, why don't we make this forum a constructive one. Lets say if the price of property increases in one area, we share it, if the prices decreases in another, we share it too. Then everyone will be happy rclxms.gif rclxms.gif no?

This post has been edited by DaveMustaine: Apr 8 2012, 10:33 PM
A.B.D.
post Apr 8 2012, 11:12 PM

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QUOTE(Sikit2JadiBukit @ Apr 8 2012, 10:51 PM)
bro, can help share which apartment?
*
sea park apartments, based on what i've seen in iproperty. there are many apartments in pj, not sure if similar case smile.gif
doraemonkiller
post Apr 8 2012, 11:17 PM

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Yesterday met my friend who are in the mortgage field. I asked him regarding overprice of housing properties in KV. He told me that housing property price will fall at the end of this year or the earlier of next year.
kidmad
post Apr 8 2012, 11:43 PM

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QUOTE(DaveMustaine @ Apr 8 2012, 10:32 PM)
Rather than fighting or debating so of you may call it, why don't we make this forum a constructive one. Lets say if the price of property increases in one area, we share it, if the prices decreases in another, we share it too. Then everyone will be happy  rclxms.gif  rclxms.gif  no?
*
Hehe, that's what most of us are likely to be doing. Talking bout prop prices from bangsar to Setia Alam. From North to South. However someone would continue to talk about the downfall of the property price in Euro Zone and Americana. Can't help if they continue to think they are staying there. tongue.gif icon_rolleyes.gif


Added on April 8, 2012, 11:44 pm
QUOTE(A.B.D. @ Apr 8 2012, 11:12 PM)
sea park apartments, based on what i've seen in iproperty. there are many apartments in pj, not sure if similar case  smile.gif
*
Hehe which friend of yours? Is he a big shot in MY? I've being hearing this and hoping this for every year... but it had yet to happen. mad.gif mad.gif mad.gif

This post has been edited by kidmad: Apr 8 2012, 11:44 PM
mellomm
post Apr 9 2012, 12:18 AM

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Interesting to find out wats the secondary sales like for condos. Recent news says that completed sales reported slow compared w landed prop. But u cant help notice that adv for sale has been increasing for condos n apmnts n prices remains. But sales completed data is not there is there.!
SUSUFO-ET
post Apr 9 2012, 01:06 AM

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QUOTE(doraemonkiller @ Apr 8 2012, 11:17 PM)
Yesterday met my friend who are in the mortgage field. I asked him regarding overprice of housing properties in KV. He told me that housing property price will fall at the end of this year or the earlier of next year.
*
If I were you, I will ask him the second question "how many times you hv make the wrong predictions? Since when?", apart fr accountant and valuer, mortgage broker is one of the most conservative people I ever met pertaining to property mkt forcerst (in general). Anyway somehow one day they will predict correctly... cool.gif
cranx
post Apr 9 2012, 01:18 AM

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QUOTE(doraemonkiller @ Apr 8 2012, 11:17 PM)
Yesterday met my friend who are in the mortgage field. I asked him regarding overprice of housing properties in KV. He told me that housing property price will fall at the end of this year or the earlier of next year.
*
mortgage broker? what is his justification behind that statement?
is he facing lower business these days? hmm.gif
kidmad
post Apr 9 2012, 01:20 AM

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QUOTE(UFO-ET @ Apr 9 2012, 01:06 AM)
If I were you, I will ask him the second question "how many times you hv make the wrong predictions? Since when?", apart fr accountant and valuer, mortgage broker is one of the most conservative people I ever met pertaining to property mkt forcerst (in general). Anyway somehow one day they will predict correctly... cool.gif
*
Yup and It's a matter of how many years WOULD it take?
valve_300b
post Apr 9 2012, 02:06 AM

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QUOTE(cranx @ Apr 9 2012, 01:18 AM)
mortgage broker? what is his justification behind that statement?
is he facing lower business these days? hmm.gif
*
well i'm hearing the same thing from my friends who is a housing agent. Business no good. Slow transaction.

bankers are telling me not so bad stories. Business is ok, but definitely not as good as last year. A lot of applicants but approval rate is very low.
humble_tot
post Apr 9 2012, 03:33 AM

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QUOTE(cranx @ Apr 9 2012, 01:18 AM)
mortgage broker? what is his justification behind that statement?
is he facing lower business these days? hmm.gif
*
ya dpc up from 400k to 1.6m, if drop bac 1.5m they say - i told u so


Added on April 9, 2012, 3:41 am
QUOTE(valve_300b @ Apr 9 2012, 02:06 AM)
well i'm hearing the same thing from my friends who is a housing agent. Business no good. Slow transaction.

bankers are telling me not so bad stories. Business is ok, but definitely not as good as last year. A lot of applicants but approval rate is very low.
*
ya net income n responsible financing guide disqualify many ppl - ploan & auto loan affected too.

This post has been edited by humble_tot: Apr 9 2012, 03:53 AM
debtismoney
post Apr 9 2012, 07:17 AM

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QUOTE(kidmad @ Apr 8 2012, 11:43 PM)
Hehe, that's what most of us are likely to be doing. Talking bout prop prices from bangsar to Setia Alam. From North to South. However someone would continue to talk about the downfall of the property price in Euro Zone and Americana. Can't help if they continue to think they are staying there. tongue.gif icon_rolleyes.gif


Added on April 8, 2012, 11:44 pm

Hehe which friend of yours? Is he a big shot in MY? I've being hearing this and hoping this for every year... but it had yet to happen.  mad.gif  mad.gif  mad.gif
*
Ever heard of globalisation? We do not consume what we produce, and we do not produce what we consume.

The whole world is connected in terms of market sentiment, liquidity flow, demand/suppy etc. We are not isolated on an island or head buried in the sand.

When investors from China, Taiwan, Singapore, middle east etc are bidding properties in KV, it would be unwise to ignore the world property market sentiment.


Testing testing 123, someone may not be able to read these as I'm blocked by someone laugh.gif peace
debtismoney
post Apr 9 2012, 07:44 AM

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QUOTE(DaveMustaine @ Apr 8 2012, 10:32 PM)
Rather than fighting or debating so of you may call it, why don't we make this forum a constructive one. Lets say if the price of property increases in one area, we share it, if the prices decreases in another, we share it too. Then everyone will be happy  rclxms.gif  rclxms.gif  no?
*
But the thing is many people with vested interest are active in this forum, i.e., mortgage brokers, RE agents, developers, builders, building material suppliers, hardcore flippers, bankers etc.

When someone says something bad about the property market other than BBBlindness which might affect their rice bowl, the party with vested interest would stand together and rout you out! If I was in RE industry, I would do the same either smile.gif this is just human nature. I believe you get my point.

Constructive discussion is achievable but needs some efforts. Please refrain from personal attacks, shall we? nod.gif nod.gif nod.gif If not we would not bow down to provocative writing.

humble_tot
post Apr 9 2012, 09:26 AM

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bravo, one bro put his hand out. hope another bro will shake his hand.
doraemonkiller
post Apr 9 2012, 05:40 PM

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QUOTE(cranx @ Apr 9 2012, 01:18 AM)
mortgage broker? what is his justification behind that statement?
is he facing lower business these days? hmm.gif
*
I din't ask about his sales. Just we are having gathering and housing property is part of our topics. Ofcoz he won't say the truth to the clients since every salesperson including me are not that stupid to spoil the rice bowl. Just that how we deal things flexibility and in smarter way to satisfy our client.
The good thing is our gomen do take some actions instead of letting this issue getting worse after few years. China gomen did the same thing just in different way.
AVFAN
post Apr 9 2012, 07:19 PM

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QUOTE(debtismoney @ Apr 9 2012, 07:44 AM)
But the thing is many people with vested interest are active in this forum, i.e., mortgage brokers, RE agents, developers, builders, building material suppliers, hardcore flippers, bankers etc.

When someone says something bad about the property market other than BBBlindness which might affect their rice bowl, the party with vested interest would stand together and rout you out! If I was in RE industry, I would do the same either smile.gif this is just human nature. I believe you get my point.

bro, i agree with yr comments. in fact, i understand and appreciate all that u've been saying.

diversity is the spice of life, so stay cool and be yrself!
Chung80
post Apr 10 2012, 10:35 AM

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Govt may double minimum price of houses foreigners can buy

What say you?
TSlearn2earn8
post Apr 10 2012, 11:41 AM

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so the below bolehland fellows stay in deep jungles of taman negara by year 2020 izit hmm.gif
unless the ministry simply pluck out figure from the sky for those job opportunities blink.gif
there must be rakyat, then can come out those analisis tongue.gif

http://thestar.com.my/news/story.asp?file=...2028&sec=nation

There will be 3.3mil job opportunities by the year 2020 and 60% of it requires highly skilled workers.

“We have moved beyond the agricultural and industrial age. It is now the transformation era and we need a workforce which is knowledgeable, technologically-savvy, competent and boasts a competitive edge,” she said at the Akademi Latihan Kemahiran Pekan pre-graduation dinner here Saturday evening.

She said even then, only those with a level three skills certificate were classified as being able to generate good income.



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