good point. i agree that places like bangsar, mk and even ttdi-bu have reached maturity and will enjoy slow but steady price appreciation in the longer term. short term price adjustments are possible.

now, if the primest areas are stagnating or softening slightly in subsale price, what then is the likely scenario for those new ones that started with a high price? herein lies the debate over and over again - true or false - there are always enough people willing to pay higher and higher prices in most places due to inflation, foreign buyers, etc. ?

This is just the beginning, wait until those block after block, and row after row of units which are under construction now get VPed.

When those flippers who bought with credit cards or speculative scheme (i.e. 5k down to buy a million bucks home) flood the market with their empty units en masse, where are they going to find the next greater fools? Will smart money with cash on hand pay their asking price when the whole block of condo is empty? Those millionaires are not dumb, when the tide comes sweeping in, they will be on the other side of the market or I should say smart money already positioned themselves on the hill and watching the herd get slaughtered...


I came across this from other forum, THIS IS JUST THE BEGINNING!

http://www.myrealestate.com.my/viewtopic.p...r=asc&start=800


"Talk about KL Property Bubble, I have seen more and more interesting sales for big units around KLCC.

The Avare launch price was RM 3.1m (RM816 psf). All sold in Oct 2007 and only 40% were sold to Malaysian.

Got people wants to sell below developer price, RM 800 psf at auction price, in order to exit Malaysia market quickly.

Now, auction at RM 2,624,400 (RM 691 psf)! Really 2 6 2 4 4 (pronounce in Cantonese!)... This unit was put for auction in Nov 2011, Feb 2012.. so many rounds like the one in the Troika...

Wonder why ppl still think rich Chinese will come to sapu KL property.... (by the way, the auction unit was bought by Japanese... the auction unit in Troika was Hongkonger... units from the foreigners also kenang auctioned!)"

oPPS...HEHEHE....BIG UNITS OF COURSE GOT PROBLEM LER....THE MAINTENANCE FEE ONLY CAN KILL YOU.

not true, the avare unit belong to a msian, tan swee kuan. this unit has been auction for the 3rd times. i was there during auction and final auctioned at 2.78mil. (732psf). no bidder or lower price cud be due to the bad unit # (13A ), generally msian dun like to invest in big unit (all avare bu is 3800sf), coz difficult to rent out.

there ia another unit (unit # 11) was auctioned at 3.3mil. (868psf)

some klcc condo sold at higher price to foreigners (in the case of my klcc condo) and msian got discounts. so avare ori price maybe lower (not 861psf) for msian.

also few auctioned at lower price dosent mean kl prop has crashed.
i follow auction prop very closely, as far as i know , still BBB and many cash. (10% deposit etc). they dun worried abt bank loan etc. eg avare at 2.78mil and many high priced bungalow , land etc

---

Added on April 13, 2012, 6:10 pmtil date, oni one troika unit up for auction (bu 2347sf), a joint name (fung and koo) , foreigner joint name with a msian??

This post has been edited by lucerne: Apr 13 2012, 06:10 PM

yup kinrara residence, i missed. when first day for lunch as well at the shoplots.
899k for 3 storey, if not mistaken
was wondering who going to buy them

This post has been edited by airline: Apr 13 2012, 07:04 PM

Condotel@Empire City, Damansara Perdana? I think it should call Conned-otel instead

Have a look the thread below, I haven't had a chance to verify it. Comments, anyone?


http://forum.lowyat.net/topic/1566155/+360

"QUOTE(n00b123 @ Jun 14 2011, 02:05 PM)
i got a sms from the agent regarding the launching for the New Condotel@Empire City..

Empire City@Damansara Perdana. Last Phase Open For Booking
Fully Furnish Studio Apartment.
RM360k onwards.
Low Down Payment. 5% early bird discount for a limited time only
No interest during construction *DIBS*

this is very old news d, at least 1 month before i already receive jor ...

360k for 350 sf ..."

This post has been edited by debtismoney: Apr 13 2012, 07:23 PM

If the housing market plummets, you might lose your rice bowl. Do whatever you have to do to talk up the market (if I were you I would do the same, so peace), but I'm not sure how effective it is. Historically, talking up the market never worked. Why?

Turn on your TV and tune into Bloomberg, MSNBC, FOX News, CNBC, CNNMoney, The STAR, maybe ASTRO as well. 365 days a year, 7 days a week, 24 hours a day, every moment the hosts are saying "NEVER BEEN A BETTER TIME TO BUY, THE STOCKS ARE SO CHEAP, AMAZING TIME TO BUY A HOUSE, LET'S CELEBRATE", even at the peak of every bubble in the past.

By the way, any people in the right mind still expect to hear negative news from the TV/newspaper? The ruling elites are herding us like sheeple, but majority of people don't pay attention to it and are playing iPhone, Facebook you tag me I tag you everyday.

This post has been edited by debtismoney: Apr 13 2012, 10:51 PM

Bro, many people are selling, you want to standout then you have to lower the price. Apart from this case, myself & another friend recently transacted (bought) a prop 8-10% below the asking price.

After the seller hold 6-12 month still can't sell he knows the only way to sell is to compromise unless he wants keep holding. No harm tough for those with holding power as prop can be long term investment. Those with holding power can decide whether to hold or cash out for better prop inv. Those can't hold can only throw.

my friend is actively looking a unit there albeit knowing the location is a bit off..
did not know subsale there is slow...was thinking otherwise.

What's the budget? Can pm me your friend's name & contact. Will pass it to me friend

Bro, respect you even know the names! i prefer to listen to ppl who had the experience. Being there done that instead of someone who keeps talking about bubbling which imo most probably it would not happen until the day our low cost apartment is selling at RM300k. That's what my personal guts are telling me.

Some ppl they can't even do simple calculation. Condo in malaysia are being sold at > RM200k onwards... Any tom d*** and henry with a salary of 3k can easily secure a home loan for it. I don't see where is the crisis. Unless all our condo in KV are being brought up to the price of an average > RM400k. Then that's a different story. Come on! to those who are boosting about their income.. such simple maths calculation you can figure it out on your own? And what is our unemployment rate? Now.. don't even compare ourselves to the Spanish and American.

Yet ppl continue talk about props in US, Europe, benchmarking Klang Valley with Some area in down town texas for goodness sake. If you want to compare at least take an orange and apple to compare them.. Why must you select a durian to compare with?

This post has been edited by kidmad: Apr 14 2012, 12:56 AM

wuhahaha! No doubt, kiddo is really living in his own fantasy land, and head buried in the sand!!!

Is kiddo talking about condo in kampung?? Even condos in Puchong, Seri Kembangan are being sold at above 500psf. Isn't the median house price in KL is about 500k? Shit hole flat might be selling at 200k onwards...

You make me remind of 馬華瘋婆子拖車姐Jessie Ooi http://www.youtube.com/watch?v=VpuZur09OMU very very entertaining indeed!

there are still plenty of condo selling around 200k in KV. i bought a subsales condo in setapak at 180k and now rented at 1.3k

yes, new launch is selling 300psf or even 500psf but they will only ready by 2016-2017, no one know what will happen then. some bet it will rise further due to hi inflation, RM become smaller (BNM printing more $), and another camp say it will collasp due to oversupply. it is up to individual.
for me, i dun think the price will go back to pre 2009 and i strongly believe i will never get a condo at 200k-300k by 2016 time. since i m on rental play, so long the yield is better than REIT i m ok. new condo always has better design, concept, furnishing, materials so they asking for higher selling price/rental. since i bought my old condo at lower price so my yield/rental will be always better than the new condo (and easier to rent out). they r still many ppl coming to KV to find job every year and they need a place to stay. when the home price become so high, they r more likely to rent from me.

Based on my analysis, many area in Puchong and Seri Kembangan new condo are below 500psf, except for high end. e.g Parklane OUG - freehold at 360psf, Zefer about 450psf, lot of old condo still below 300psf. Even most of our landed for terrace in not so prime(Puchong, Shah Alam, Klang) are <300psf.

I do hope most of the argument much have data to support, not to shoot only, yes, everyone have opinion in up or down or even stagnant, that is market. very mislead lot of reader...

Ever heard of SetiaWalk? Duet Residence?

Don't worry, the "shooting" is only between kiddo and myself. As I'm the lucky one chosen by kiddo. Peace.

Duet at Bandar Kinrara - >500psg, high-end,
Setiawalk by SPsetia - High-end,

both are more for own stay then investment.

always look to good bargain, in my monitor list like rimba, OUG parklane, bandar Bestari KSL, Setia Alam.

investment is talking about strategy and analysis. look at what in near future, history is for guideline and reference only.

The main point is condos in Puchong are being sold at above 500psf. Full stop.

"both are more for own stay then investment."?? Once they get vacant possession, see how many units will be put on the market for subsale, owner occupied rather than flipping? I really doubt it.

http://www.iproperty.com.my/property/searc...m=&wv=&wa=&pg=1

Btw, there are 130 units at SetiaWalk listed for sale. Owner occupied?

I thought you guys in the housing sector like to talk up the prices, but now talking down the prices instead? something fishy is happening behind the scene.


http://www.iproperty.com.my/developments/2...@_SetiaWalk/#m1

Trigon Luxury Residences @ SetiaWalk
Built Up:968 - 1776 sq. ft.
Listing Price:From RM583,800 - RM1,438,500

Bro, 1438500/1776 = 810psf

This post has been edited by debtismoney: Apr 14 2012, 01:44 PM

The whole point is the Avare unit was auctioned at -10% below the developer launch price. Who cares the name of the previous owner?

It doesn't mean the KL property market has crashed, but it is heading for a correction might be a better phrase.

This post has been edited by debtismoney: Apr 14 2012, 01:19 PM

exactly what i'm thinking. Those subsale condo at the moment (900 - 1k psf) selling around the region of 200k > 300k would be the best bet. You won't go wrong with them. After that when those 500 psf were up. Let's see whether the malaysian market can accept small spaces. haha

honestly, i don't have much time to watch CNN, CNBC for 7 days a week. appreciate if you can update the latest info everyday via forum, it's good to know as a GENERAL Info.

being invest since year 2000, started from passive income play and leverage wisely, and super active flipper for last 2 year, now back to passive income way and also long term commercial and land investment for next generation/retirement, i'm happy when someone remind me watching CNN everyday is so important as a local property investor, maybe i have to start now if no one willing to share in forum.

my sifu, an old timer investor, recently managed to sell the land to a developer with 22mil which bought 2.5 years ago with 9.x mil. i'm 100% sure he don't watch CNN because i don't think he can understand CNN's English standard, he also don't care much about GENERAL info like Iran going to have war or petrol dollar by USA, Gold monetary system etc.

When construction materials in high demand by China for preparation of olympic game 2008, price shooting up especially the steel and timber, when Pak lah declare 0% RPGT since April 2007, we can foresee the incline curve has begin. In property investment, understanding and knowing the particular location in details is very important, type of property; commercial, residential etc.. we may not tell you the market status from Canada till USA, from UK till Spain, but we know where the right location, right property type and price level.

i can see you started do some survey in properties, started knowing some units surrounding KLCC in auction, some developer charge 1000/sf in pj area etc, it always good to do survey before to have good start, grab some units when bubble burst and wait for price bounce back also a good idea especially those missed the golden era since 2009. in the history of share market, many became overnight millionaire when KLCI bounce back from the bottom in year 2008.

please remind that keep update any GENERAL info in daily whatever you get from TV news or google search. Many thanks....