I never said it represents the majority of condo prices in Puchong. Cool bro?

Shouldn't we talk up the prices instead of down, so the BBBlindness can continue?

Personally, I like Puchong, I think it could be the next Subang Jaya/Sunway if not better.

Lol "our property market", you do whatever you have to do to protect your rice bowl, but we shall refrain from personal attack. We are all educated grown ups, aren't we? As I said I would talk up the market as well if I was in the housing industry.

Prices won't fall to 1990 level, a correction down to 2009 level might be a more likely scenario. Some suggest after the federal election the property market would correct, but it doesn't make sense. If BN losses the coming election, they may purposely crash the stock/property markets to make the PR government looks bad, this sounds possible but I doubt BN has the capabilities to manipulate the markets in the long run (4-5 years term before the next election). Don't forget EPF or 1Malaysia fund etc. own a high percentage of KLSE stocks, who controls these funds, BN cronies! So they can manipulate the stock market. It seems like they are bidding up the KLCI now prior to the federal election to make BN looks good. Free market is dead decades ago. When economy turns sour, who will the people blame? No one else but the government.

Timing wise, if the home loan approval/amount continues to shrink for at least 6 months, the housing market shall be heading for a correction. It seems like bolehland has reached debt saturation, it shouldn't be too far away. Cash buyers is a myth, they can't prop up the market as a whole.

http://usa.chinadaily.com.cn/business/2012...nt_15007548.htm

Beijing housing prices 21% down in Q1

"Prices for newly-built residential houses in Beijing averaged at 12,326 yuan ($1,948) per square meter in the first quarter, down 20.7 percent year-on-year, Shanghai Securities News reported on Monday.

As a sluggish scenario looms large in the coming months, discount sales became the first resort for developers to boost their market share. Eight out of the ten top house sellers in the first quarter slashed their prices, according to Chen.

Chen also predicted that the housing market would continue to fall lower and discount sales would also be inevitable in the months to come,

price-cuts would be the only way out for developers, who have been stuck between the pressure of capital turnover and the stubbornly high inventory of commercial houses, Chen added.
Residential housing sales dropped 14.2 percent year-on-year to 18,000 units, a record low since 2007."


Will Chinese investors keep buying property in bolehland while their housing bubble back home is bursting?

This post has been edited by debtismoney: Apr 16 2012, 04:00 PM

See the parabolic/hockey stick chart of house price index in Selangor? Scary! I really doubtful why KL didn't have a similar curve?

My friendly advice is, do not touch anything that has a chart like this... pops pops

hahaha I had a feeling someone would bring this up.

I think less than 1% of population own investment grade gold bullion, nobody talks about it at kopitiam or queue overnight to buy gold right? >>> under owned

Gold production has plateau in the last decade while demand increased substantially, central banks around the world are net buyers of gold first time (since 2010 if not mistaken) in the last few decades >>> under supplied

World paper money supply has increased over 10 times in the last 40 years alone, while world production of gold increased by less than 2% a year on average >>> under priced perhaps


In a money printing environment, I reckon it is unwise not to hold any gold at all. Not to mention the current monetary/petrodollar system is on the verge... that's what I've been talking about for a while.

Funny enough, during a commodity bull run, stock and other financial assets would be in a secular bear market.