Totally agree

" wait till the cloud is clear" - m curious how you define it?
You mean the economy is good sentimen, everyone has job, GDP growth steadily, gomen is performing & Malaysia become high income nation etc...at the same time, no inflation, house price drop 30%, land is cheap and developer build affordable house etc... ??
M worry the dawn will never come..
For me, I only see storm in the past 15 yrs, I just know I need to survive through no matter how bad is the mkt condition.
"wait" is not the medicine

This post has been edited by UFO-ET: Jan 18 2012, 08:47 PM

I notice that there are 3 situations :

1. Economy is booming (up), property market bullish (up)
2. Economy is gloomy (down), property market bullish (up) / stagnant
3. Economy is gloomy (down), property market bearish (down) / stagnant

Have we ever come across this situation :-

Economy is booming (up), property market bearish (down)?

Seems like many people are waiting for property mkt to crash, but at the same time hoping that the economy is good. unemployment rate is low, no inflation, stock market is shinning, I think this situation will never happen, in short, when property mkt really crash say 30% drop, not many people have the guts to collect cheap stocks, when SARS happen in HK, one of the affected apartment price slashed 50% in a mth time, no one dare to pick except investors, the price back to normal after 6 mths.

Market will hv correction, my question is dare you enter?
Those who ever gone through 1997 crisis shd understand and feel it, it's nightmare.

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Added on January 18, 2012, 9:23 pm

This post has been edited by UFO-ET: Jan 19 2012, 09:49 AM

Just look at stock market back 15 yrs ago, when we can hardly monitor the massa screen online, investor has to go to stock broking firm to watch real time trading, you just compare the crowd during the Bull & Bear market will know, every investor knows, buy low and sell high, however talk is easy, when the KLSE composite hit below 400 mark, tat is the sign of BBBBBB signal, a history golden opportunity to buy in, but my remiser told me 95% of those players all lari kuat-kuat, bayang pun tak ala (including myself), we even heard that Maybank will close down business...

When mkt crash, you hardly can take the pressure, you hv Fear!! I am waiting to see, when recession hit and property mkt crash, how many of those will enter the mkt?

This post has been edited by UFO-ET: Jan 19 2012, 12:12 AM

"will I dare" proves that you are among the 5%, I know. Gong Xi Gong Xi!

"older homes which are usually smaller in size"
I think he means old single / double storey is smaller than new single / double storey, or old SD is smaller than new SD, apple to apple comparison, it is true, nowadays developer is trying to maximize the land by pushing the building length to the max. In Kinrara, 4000 units of old 2-storey average built up area fr 1300sf-1700sf, the latest 2-storey (same land size) are reaching at least 1745sf - 2433sf, everywhere is the same.

In China, the authority has new rule, for certain prime province, no bungalow / detached house project will be approved anymore. Land is scarce

he he.....
Have to convert both Property Price and rental into RM, end result is still the same, Sg is still lower than KL yor

Market will crash, it's a matter of time!
Property will over supply, it's a matter of time!
The gomen will change, it's a matter of time!
I remember few forummers said property will burst (it's a matter of time) in 2008, I think they are still waiting, if the mkt really crash by 2012/2013/2014, wat would be their reaction? Perhaps they will say...
- "You see, the mkt is crashing, I tell you already it will happen!"

Sometimes we just "wait" TOO long to fulfill our prediction!

You really hv reading problem, open yr eye big big and read again lah, little girl...so sian

This post has been edited by UFO-ET: Jan 21 2012, 07:49 PM

You dun even understand the meaning of "WILL", or you purposely ignore it I dunno, let me say again, you hv reading problem, back to school to learn again to polish yr reading skill ya little girl... very sian!
Wishing you Selamat DEEPAVALI New Year lor

This post has been edited by UFO-ET: Jan 21 2012, 10:52 PM

From what I understand, big developer's margin is quite low, net profit after tax shd stand somewhere 9%-15 max. There are a lot of hidden costs. my cousin is a GM of a developer in Penang, he says that his company nett profit is bout 11% only. Outsiders dun really understand their operational cost.

This post has been edited by UFO-ET: Feb 1 2012, 07:21 PM

When?

Ya I believe developers hv low nett margin...

This post has been edited by UFO-ET: Feb 4 2012, 09:35 AM

It is quite hard to understand a particular developer's accounting system, some developers are applying different method in calculating their cost and revenue, like SHL, is totally different fr SPS, SHL will record all the cost in the 1st financial year while big firms like TMS and SPS are allocating the cost over the construction years equally, unless you can examine the detailed items in the financial report, otherwise it is very hard to justify the actual profit of each developer. All I can say is developer's nett profit is quite low (<15%), but since they hv bridging loan to finance the project, initial cash is quite minimum, even 12% is considered good enough.

This post has been edited by UFO-ET: Feb 9 2012, 02:49 AM

Tomolo...

HKD 12K hard to survive in HK lah..you need at least HKD 20K

Ya my fren couple who hv combined earning of HKD 38K also move out of HK, tak boleh tahan...

Malisiya polisi earn more than that lah....
Everytime you get caught, they will hv special eye contact with you, we hv the BEST cops in the WORLD!!

Good argument!

well said! Buying a hse is easy, but to continue serving the installment, maintenance & repair works is quite challenging, one must hv some reserve to prepare for the worst scenario, I am surprise that our fresh grads are so daring & high risk taking. IMHO, for normal people who earn normal fix income, for the 1st 5 yrs of working, invest in stock mkt or unit trust is more appropriate.
In short 400K property for RM2800 income is too much to swallow...