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 Are property prices going to up further? V4, nothing's gonna stop us now

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sampool
post Feb 20 2012, 10:42 AM

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QUOTE(gjohn @ Feb 20 2012, 10:43 AM)
subsale houses are also getting higher..
i remember when i got my 2nd hand house in front of sunway pyramid PJS 10 1 yr back....230k..now anyone who wants it the price is 350k..huhuh
also when i was looking for a house ..an agent quoted me 250k for a house at PJS7...the 1 near Taylors Uni..now minimum price 550k and max is near 900k to 1mil..huhuhu.....just 1 yr ago..
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basically many agents are help to lift up the price beside developers... this is true.
sampool
post Feb 20 2012, 11:55 AM

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QUOTE(katijar @ Feb 20 2012, 12:42 PM)
but what about bank valuation?  are buyer going to pay cash?
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yes lah... bank wanted to protect them... any correction hppen will not more then 30%... that is y, they only willing to loan 70%.
sampool
post Feb 21 2012, 11:11 AM

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since when Malaysians no keen on buying homes?

it is nonsence question.. because the answer always wanted to buy a home lah... it is similar like ppl who take bus, and ask the person: you still keen on buying car?



sampool
post Feb 23 2012, 10:53 AM

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some ppl will said this time is diffrent..
sampool
post Feb 23 2012, 02:43 PM

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QUOTE(obiey @ Feb 23 2012, 03:32 PM)
Malaysia has to buy high price cars and gov make us hard to take loans.. No sales = no commission.. no buy house.. soon bubble burst.. sad.gif
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if nobody buy house.. mean house suplly suddenly increase, ppl wanted to let go will be difficult, price become cheaper (supply over demand)... lead to hard landing/bubble..
sampool
post Feb 26 2012, 06:12 PM

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QUOTE(trumpfnx @ Feb 26 2012, 03:14 PM)
net income RM2500, buying for property 400k, bank loan 90% = RM360000, 40years, monthly payment around RM1550.

RM2500 - 1550 = RM 950. Still have RM950 for all other expensive and saving.

Not all ppl have car loan, some drive old car from their folks.

The other thing to think about is the d/p. buying a 400k prop needs around 50-60k for cash, usually is get from parents, so no problem.

And if buying prop with DIBS 5/95 / discount, the entry price is even lower and make things work even easier.
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this guy will go bankrupcy very very soon... believe me.. RM950 is not enuf to pay

electrical: RM50
water: RM50
hp: RM50
meals (3 times): RM5 x 3 x 30 = RM450
transportation (LRT/bus/petrol) = RM300

= RM900

Not included furniture, tv, no internet, maintenance fee, insurance (life/house), not $$ for parent, no entertainment, no sport, no car, no gf, etc..

This post has been edited by sampool: Feb 26 2012, 06:17 PM
sampool
post Feb 27 2012, 02:27 PM

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QUOTE(A.B.D. @ Feb 27 2012, 02:35 PM)
just heard on bfm during lunchtime that bank negara won't reverse decision on giving loan based on net income. the interviewer said car sales down 25%???? either that or proton sales down 25% hahaha...and dr zeti said, i'm sorry but they have to expand to other parts of the world if they need to sell more cars

wondering whether got developers in the same situation or not..
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25% drop in cars sales is good sign... less traffic jammed.. flex.gif
sampool
post Feb 28 2012, 02:20 PM

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everyday only eat maggie mee... ???

tumpang ppl car also need to pay back lah... next will be ur turn or u need to belanja them as well lah lah minus another RM30 / month..

This post has been edited by sampool: Feb 28 2012, 02:23 PM
sampool
post Feb 29 2012, 09:28 AM

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QUOTE(GenY @ Feb 29 2012, 01:54 AM)
A very good article, from 2005, before US real estate collapsed  smile.gif

http://www.nytimes.com/2005/12/25/business...agewanted=print

No doubt the property bulls will say Malaysia is different, Malaysia has increasing population, that there's a million overseas Malaysians and millions of China nationals, Singaporeans, Indonesians and Mat Sallehs just waiting to snap up our property, which is still very cheap!
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i like this:


"During a bubble, people don't believe that prices will fall," he said. "This has been proven wrong so many times in the past. But there's something in human nature that makes us unable to learn from history."
sampool
post Feb 29 2012, 03:26 PM

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QUOTE(Patrick-Star @ Feb 29 2012, 04:20 PM)
I just got an sms that a single story house in TTDI, 24X80 is going for sale at RM828K !!!

If this is not a bubble ...I dont knwo what is !!!
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but.. some ppl still said it is temp cheap... and expected next year reach to RM1 mil.
sampool
post Mar 1 2012, 09:07 AM

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QUOTE(pjguy @ Mar 1 2012, 01:22 AM)
When pricing keep on going up, everybody knows oneday it would drop. question is WHEN and HOW SERIOUS and this is what everyone wants to know.

I judge it not going to happen at least in few years time only because of one reason - the loan rules is still tight.

When ppl seeing more launching recently compared to lasttime, they start to "foresee" supply might over demand and cause bubble to happen. but if the loan is tight (means only lend money for those who qualify and have no problem to pay for the thier home loan in future) and ppl r able to pay/hold the property, bubble will still not happen.
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wat u said now is exactly match below.

"During a bubble, people don't believe that prices will fall," he said. "This has been proven wrong so many times in the past. But there's something in human nature that makes us unable to learn from history."

example lah.. if one person/agent/developer tell u the house price is RM1mil u won't belive... after 1 week later, another person told u the house price is RM1.1mil, u start to believe, 2 weeks later... another person told u the house is now RM1.3mil... u will believe no doubt.. confirm up up... but, after 1 months a guy said the house now at RM1mil... Do u think u believe the trend or believe the guy said?... u will denied.. 2 months later, another guy (sampool) said it is now RM900k, u still not believe.... until the 3rd guy confirm only u start to believe.... this we call human nature.


u are inside the box/case... and ppl predict wat going to happen precisely is outside of the case, they can see the whole picture clearer.... notworthy.gif

This post has been edited by sampool: Mar 1 2012, 10:05 AM
sampool
post Mar 1 2012, 11:56 AM

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QUOTE(pjguy @ Mar 1 2012, 12:43 PM)
we believe based on reasons but seems u cant give any, so who is in the box now?
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hehe.. i m in the boz few yrs ago, but already outside the box.... maybe jump into the box after few yrs later. i believe in fundamental. tongue.gif
sampool
post Mar 1 2012, 12:01 PM

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QUOTE(kh8668 @ Mar 1 2012, 12:57 PM)
can share what kind of fundamental?  smile.gif


Added on March 1, 2012, 11:58 am

interested to know why you are saying so? mind to share?
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- salary cannot catch up...
- cn goreng, mly majority not goreng... except the agents/developer lah...
- global eco crisis...
sampool
post Mar 1 2012, 12:55 PM

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speechless!
sampool
post Mar 2 2012, 09:20 AM

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to build the uptrend may take 3 years, but to crash just need 3 days.

i can see many young guy below 35 yrs.. is become prop agent as part-time/full-time recently. i felt is unusual, because may tot here senang cari makan/lubang!!!

This post has been edited by sampool: Mar 2 2012, 09:22 AM
sampool
post Mar 2 2012, 09:36 AM

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QUOTE(kh8668 @ Mar 2 2012, 10:33 AM)
why do you think so ? hehehe...

lot of millionaire now below 35 yrs old.
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i agreed.. paper millionaire.
sampool
post Mar 2 2012, 10:41 AM

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Keep keep lower... and lower....

國行打債奏效‧家債降至12.3%‧貸款成長或減半至6.4%

http://biz.sinchew-i.com/node/57597
sampool
post Mar 5 2012, 08:22 AM

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QUOTE(lucerne @ Mar 5 2012, 09:09 AM)
page 53.

"The vast majority (85.8%) of Hong Kong respondents in the survey occupied
landed property, with 7.4% occupying government housing and just 5.7%
occupying privately-owned high-rises or serviced apartments"

higher than Malaysia??


Added on March 5, 2012, 8:15 amwill this happen to Msia next? especially new megacity Cyberjaya/Putrajaya (45min drive from KLCC)

http://www.zaobao.com/gj/gj120305_012.shtml
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now when u talk about putrajaya/cyberjaya... always dun forget dengkil lah. biggrin.gif
sampool
post Mar 5 2012, 09:10 AM

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QUOTE(katijar @ Mar 5 2012, 10:07 AM)
dun worry la, after 20 yrs dengkil prop sure at lest x 2 one... and cyberjaya is a new gold mine.  cool2.gif
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20 yrs... ? sweat.gif
sampool
post Mar 5 2012, 09:30 AM

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QUOTE(katijar @ Mar 5 2012, 10:20 AM)
hmm... too short? haha..
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dengkil surrounded by klia/putrajaya/cyberjaya also need 20 yrs? i think 10 -15 yrs is fair.

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