sigh, nowadays more and more people whining about recession la, retrenchment la...as if these would bring us back to ice age.....my friends, please wake up la, after human going through so many bad times, not to mention the great depression,

has property price ever looked back in long run???
save more and buy more....good for your next generation...

do you serious believe leaving your money in unit trust, stock market or banks would do you good??

you probably would get cheap property soon,
so wait............................... till that day comes, yeah

cheers

Just come back from paying my indah water bill at cyber. noticed that Symphony park dead as hell but another project beside it full piling work ongoing signboard up but nothing listed. anyone know which this is. No its not arc but this one just oppsite indah water. oso saw work started for new project oppsite cyberia and besides cresent 1 and school. sign board say Susuran Timur s/b (Nadayu) they are building show units for super link and condo. looks impressive and its just before symphony hills somemore.

yeah...soon the day will come... lets see

Recession is never forever.
2008 we had severe recession due to global crisis, yet 2009-2010 time, with plenty of stimulus program worldwide, many factories found previous retrenchment was wrong one, because many cannot cope with order coming in, and struggle to hire back.

Also, retrenchment is not across, it is not the like everyone being retrenched, it mostly done selectively, and particular hit hard on lower ranking, production workers.

There is nothing to fear about recession, boom and burst is nature cycle of economy.

Yes, for sure, property price will undergo correction when recession kick in.
But it doesn't mean we must totally fear about recession.
In fact recession can provide opportunity to buy good property, invest even new business start up.

We had experienced the severity of global recession 80's, 90's, 2000-2002, and still go through and property price is higher than before (for prime location).

---

Added on November 24, 2011, 2:08 pmThe day will come, but it will go away in the future as well.


This post has been edited by cherroy: Nov 24 2011, 02:08 PM

http://biz.sinchew-i.com/node/54182

惠譽：家債佔GDP比率偏高‧若全球衰退‧大馬和泰國最先遭殃

[quote=cherroy,Nov 24 2011, 02:07 PM]
Recession is never forever.
2008 we had severe recession due to global crisis, yet 2009-2010 time, with plenty of stimulus program worldwide, many factories found previous retrenchment was wrong one, because many cannot cope with order coming in, and struggle to hire back.

Also, retrenchment is not across, it is not the like everyone being retrenched, it mostly done selectively, and particular hit hard on lower ranking, production workers.

There is nothing to fear about recession, boom and burst is nature cycle of economy.

Yes, for sure, property price will undergo correction when recession kick in.
But it doesn't mean we must totally fear about recession.
In fact recession can provide opportunity to buy good property, invest even new business start up.

We had experienced the severity of global recession 80's, 90's, 2000-2002, and still go through and property price is higher than before (for prime location).

---

Added on November 24, 2011, 2:08 pm

The day will come, but it will go away in the future as well.

what we concern is the high household debt. what is the debt ratio 20 yrs ago? the challenges we do not faced previously doesnt mean that it will not happen in future. we are all now enjoying the future money 'sponsored' by bank

Every economy crisis, we faced different kind of problem and challenge.
Yes, household debt is alarming high, and BNM has been monitoring on it and keen on lowering down.

If now enjoy future money, mean need to pay back in the future, so probably having slower growth or even recession, but it doesn't mean forever.
Recession happened always is to correct previous over or unsustainable issue.

In the future, household income can rise to offset, or no more debt can be built further resulted slower and or economy recession, once this get over, the economy will be bouncing back, and property price will rise again.
Yes, near term seem correction of house price can come in, but it doesn't mean it must crash.

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Added on November 24, 2011, 3:41 pmThe current problem is household debt.

Back before 97, it is high corporate debt across, high leveraged.
But now corporate mostly are cash rich.

At least at corporate front, situation is more healthy.


This post has been edited by cherroy: Nov 24 2011, 03:41 PM

u are right.. i think this is the point everyone is look forward to... hehe

This post has been edited by sampool: Nov 24 2011, 03:45 PM

Only those poor fundamental stocks disappear, while those indeed good stocks, their price is now 2x, 3x or even more than prior 1997 crisis.
So it can be the same for properties.
The correction, can correct unsustainable high price on some property area, but on the other hand, prime and good location properties may also correct due to overall sentiment and trend, but longer term, it may rise even higher after experienced the correction phase.

We need to remember, money will become more only, population will become more only, not less.
So demand for limited land/space property in high concentrated area (Not all property) will become more over the long term future.
So those area properties will tend to skew and creep to the upside over the long term.
Yes, for sometimes, like recession kicking in time, can have a dip/correction, but over the long term, it always tend to go up. It is just a simple demand and supply theory.

Correct. All the while the focus has been on 2012/2013.

Earlier warning is for us to make preparation as property is not liquid asset.

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Added on November 24, 2011, 4:17 pmDear Cherroy,

How to know that our corporate are cash rich GENERALLY? Read ENUF listed company financial reports? Or report from the minister? Financial analysts? Which reliable one? None that I know of.....

My worry is those cash is sunk into property investment and thus not liquid.

I work in a CASH RICH public listed company b4. Now the share price, sigh...........

This post has been edited by GangHo: Nov 24 2011, 04:21 PM

guys, be prepared for another round of property price up up up...LOL

Reason?

Another round of QE coming?

Opps...no reasons to be given. QE is not going to affect most of the Malaysian. Ours is stimulus packages which our gomen said no need a new one.LOL

by the way, shared this as seen at the edge website; WOW...DPC condo 750psf now.


Northshore Condominium, Desa Parkcity, Kuala Lumpur (SOLD)

Land area: N/A; Built-up area: 904 sq ft; 1+1 room studio; 1 bathroom; freehold

RM678,000

This basic unit overlooks the hillside of Country Heights Damansara and parts of Desa Parkcity. This is on a high floor and ideal for a bachelor pad. Situated within Desa Parkcity, a guarded community with amenities such as neighbourhood mall and is linked via the LDP to the rest of Petaling Jaya and beyond.

Sale concluded by: Andrew Tan of Reapfield Properties; 012-273 8998

===

The Northshore Garden Condominium, Desa Parkcity, Kuala Lumpur (SOLD)

Land area: N/A; Built-up area: 2,454 sq ft; 4+1 bedrooms; freehold

RM1,650,000

This is a lower-mid floor unit, with unfettered views of the surrounding Desa Parkcity hillside and beyond. Genting Highlands and the KLCC are visible on a clear day. The unit itself has a grand and spacious living hall and views of the pool below. The condo overlooks the township's breathtaking lake and park grounds. A great unit for owners to transform into a swanky family home. Desa Parkcity enjoys connectivity to greater PJ via the Damansara-Puchong Highway.

Sale concluded by: Andrew Tan of Reapfield Properties; 012-273 8998

This post has been edited by kh8668: Nov 24 2011, 04:34 PM

Stimulus package from government?

(1) Our minister warns us of possible bankruptcy.
(2) The election is coming. Whatever promised depends on.......you know I know........
(3) Our country/government financial health is in good shape?? I'm doubtful.....

The comforting truth I know is we have a fair bit of Malaysian earning Big money outside the country. However, there are still the remaining that is working within, they have to brace themselves for the worst. The prevalent trend in recent human development is GREED and SELFISH. When the 90% is in trouble, the 10% will fold their arm waiting the reap the biggest profit. Even between siblings.

Repost: http://biz.sinchew-i.com/node/54182

This post has been edited by GangHo: Nov 24 2011, 04:46 PM

Hmmm...I usually do not trust what our government said. But those are official statements; what to do. choose to trust LOL

I see a lot of $$$ in the malaysian market. Lot of people are waiting to buy their first property. Very very strong demands. Of course, a lot are also waiting for cheap property to buy. But I just can wish them good luck and keep their eyes around.

Majority well run listed company are cash rich, you can see many from audited financial report of listed company.
It is totally different situation vs prior 1997, whereby most company under significant leveraged.
Dividend yield is reasonable high for most well run listed company.

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Added on November 24, 2011, 4:52 pmNot only this, a lot of company here are earning foreign money, through export, and take in money from overseas.
You can see from the foreign currency reserves of BNM, keep on escalating now already exceed USD100 billion.

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Added on November 24, 2011, 4:56 pmOne can have pessimistic view based on whatever reason etc, but reality is that the demand out there is still rather strong.
Even in the latest GDP report, does state this.

May be many cash rich person/company fear about inflation?
I don't know.

But logically sense tell me, you cannot have one front worry on inflation, and another front expect to see property price crash.

This post has been edited by cherroy: Nov 24 2011, 04:57 PM

(1) Public listed company in Malaysia constitute only small percentage of the total companies in Malaysia.
(2) Other companies are either directly owned or indirectly owned. Their performances? Unknown to public.
(3) Audited financial reports(no bias? totally independence?) I'm doubtful.
(4) Financial reports are closely linked to the desired share price?? what do you think?

What will happen to the employees during bad times even though company is cash rich??

In my opinion, we are lack of financial analyst that is overwhelming knowledgeable that is able to convince us of total market situation. I hope for this genius(like Nouriel Roubini, Thomas L. Friedman, Donald Trump & etc) to come out to serve its countryman.

This post has been edited by GangHo: Nov 24 2011, 07:49 PM

optimist lives happier as the pesismist all keep thinking 2012 is the end of the world....

dear optimists,

stay true to yourself...hero can only be found in a economic crisis...

get rich or die trying....dont die....looking only

hahaha

actually what good does a property price drop have for everyone. when property price drops, does those hoping to buy cheer out loud? and i would like to ask again, how much drop till you're willing to buy the rop that you are eyeing? 10%, 25%, 50%?
i would really like to know the answer from those cheering for a price drop.
me myself feels that property is rather highly priced. so i only vowed to work harder and smarter so that i can finally buy my dream home. as a nation, hell i would like bolehland to have the highest property price in the world! that way, we would be like the new switzerland! lol

2012.... u also belief in maya theory...