Chinese speaking "只要金錢可以解決的哪會是問題＂(if money can settle one, is not an issue)

This post has been edited by UFO-ET: Apr 7 2012, 01:37 PM

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...

Dun worry, LYN property forum members are constitute a small portion of the total buyer population only, even 100% of the posts saying mkt will crash (or vice versa), do you think mkt will react accordingly? No it won't give much impact at all..Look at Summer Suites, Kinrara Residence and Temasya Glenmarie launching, so many negative comments prior to the launch, but the actual response is overwhelming, I estimate 95% of the house buyers in the mkt never use or heard bout Lowyat forum, our comment dun hv much influence to the mkt movement.
Buyer decides to buy was due to :-
1. Personal needs
2. Investment purpose / long term passive income or short term appreciation gain
3. Effective A&P by developers I.e sales campaign, show house and sales incentives
4. Influence by friends, property talk, seminars or forum like LYN
5. Hedge against inflation / currency depreciation
6. Replacement as Insurance protection (instead of buying insurance policy, some choose to make installment to buy a property)
7. Corporate decision like business expansion acquiring land or factories
8. Special programme MM2H, or torism industry programme, many investors also switch to buy agricultural land for food cultivation
9..Wealth creation - Chinese has tendency to accumulate wealth by way of acquiring lands, property or tangible goods to pass it down to the next generation. Chinese has the character to show off how rich they are, this is bad indeed!

This post has been edited by UFO-ET: Apr 13 2012, 09:23 AM

Precisely, it is indeed too hard to understand property market, it is not 1+1=2 equation. It is not you & me can't afford, he & she can't afford, that's why the price will drop.
I know the fundamental of Malaysia economy is not improving since 2000, and it is getting worse till now, but would the bad economy lead to property mkt crash? I dare not say so. I learn it fr China experience, I had been observing China property mkt for so long, when the whole world say China property mkt will crash right after Beijing Olympic, and solid statistic data and indicators did show that China mkt cannot sustain any longer after 2008, but the fact is it didn't happen. The correction is delayed 4 years!! (only happen in 2012), for those who waited the mkt crash in 2008, will the they benefit fr the current mkt crash? The answer is obviously not.
If purely based on economy indicators to judge a buying decision could be wrong. If I really want to predict the property mkt based on fundamental issue, then I must say, our Malaysia mkt crash shd hv happened by end of 2010! The mkt correction will come but it will be delayed.

This post has been edited by UFO-ET: Apr 13 2012, 09:46 AM

Ni matter how MK is neither CBD nor LCG, it kenot match KLCC, the entire MK is too small, can be easily replaced by another medium size development (100-200 acres). MK won't sustain any longer

This post has been edited by UFO-ET: Apr 15 2012, 02:15 PM

My list of Most Strategic location
1. KLCC
2. PJ Town Centre
3. Bangsar / Damansara Heights
4. Taman Desa
5. Seputeh / Mid Valley
6. MK / Hartamas
7. Ampang / Embassy Road
8. Bukit Jalil
9. Damansara Utama / Kota Damansara
10. Sunway

One more South Africa in Brics

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Added on April 16, 2012, 12:11 am13A floor = 14th floor (Lift / Highrise level)
No. 13A = No.15 (House no), No11A = No. 13

This post has been edited by UFO-ET: Apr 16 2012, 12:12 AM

How to determine "burst"? it is very subjective too, I had said our mkt has experienced multiple "price correction" since 1997 (except 2010-2011), it just happen at different place, different mkt sector at different time. For one to wait for a real mkt collapse, IMHO it will only happen when it comes to mkt depression like wat happen in US in 1929. Are we heading to that? I dun think so. Even in 2011, I hv totally stop considering highrise as a good investment as I am quite sure the strata supply will reach the peak (over supply) by 2014, current number of strata property in KL is 303K unit, it will reach 750K-900K by 2015, which I think is too much unless we hv :-
1) Booming in city population to 2 mil (by 2015) Or
2) Booming in foreign workers (expat)like Singapore
3) Booming in Torism industry (which I think it's still possible but definitely not under the regime of BN hoodlum)

The above three are unlikely to happen

This post has been edited by UFO-ET: Apr 16 2012, 09:08 AM

Say property price drop 100%
Property price = RM 0k (deposit 10% means RM 0k)
Interest = 5%
Duration = 40 years
Loan Monthly Repayment = RM 0.00

Shall we end this chapter fr now...