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

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PradaLee
post Jan 19 2012, 09:17 PM

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QUOTE(shanelai @ Jan 18 2012, 10:43 PM)
How about property in sg? For the same amount, you able to generate higher rental yield after conversion.
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Can you give an example how Sg properties can give higher rental yield? after conversion?
PradaLee
post Feb 3 2012, 08:39 AM

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QUOTE(cheekykoon @ Feb 2 2012, 11:15 PM)
International publication cannot Anyhow publish lor... If FDI is not coming in, of course the country is in trouble. But Malaysia FDI is rising and will stimulate the economy.


Added on February 2, 2012, 11:26 pm

Read this one too...
http://www.propertyshowrooms.com/malaysia/...all_311903.html
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Quoted: "The value of prime residential property in Kuala Lumpur in Malaysia fell by 5.6 per cent over the course of 2011."

Did prime property prices fall last year? I thought they went up? And up by quite a lot some more. Where they get such data?
PradaLee
post Feb 13 2012, 10:54 PM

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QUOTE(Fazab @ Feb 13 2012, 08:47 PM)
I am not sure how this will help to answer the question.
To answer the question, two pieces of data are needed :
1.  KL House prices (subsale and new) increase within the last 5 years =  50 - 70%  (? am I correct?)
2.  KL Salary level increase within the last 5 years = ? %

If data 2 >= data 1 then everything okey dokey.

In my days, max loan margin 20%, max tenure 25 years. Now can go to 95% for 40 years.

We are repeating what happened in UK - houses prices increase b'cos buyers willing to take bigger debts.
When there is crisis, price drop drop drop. Then EPF goes in and pick up dead London chickens  biggrin.gif

Malaysia is not economically unique. What happened elsewhere can happen here also.
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Max loan margin 20%? When was that? means buy RM400k house loan RM80k only?
PradaLee
post Feb 14 2012, 10:29 PM

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QUOTE(debtismoney @ Feb 14 2012, 09:32 PM)
hmm... I haven't posted for a while

It seems like our banks are starting to issue 40 years home loan with nothing down (100% margin). Banks are even offering overdraft facility tied to mortgages, or use home mortgages as personal ATM when home prices go up to buy another house, a bigger car or plasma screen that can be seen from the moon (sounds familiar? home equity extraction or personal housing ATM happened in the US before their housing bubble burst).

Hmm... this will create an economy boom and keep inflating the property prices for sometime. until the oversupply due to heavy speculation comes home to roost. Everyone q overnight to buy property and wants to flip it out upon completion, if everyone thinks the same way, who will be the next sucker?

Sigh... easy and cheap credit will never end well. Mark my words.
http://www.pbebank.com/en/en_content/perso...oans/5home.html

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/LOA-Loans

http://www1.uob.com.my/personal/loans/prop...i_mortgage.html
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Care to share which bank so daring?
PradaLee
post Feb 15 2012, 04:58 PM

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QUOTE(sampool @ Feb 15 2012, 04:01 PM)
if & if only lah :-
Q4 2011  --> Down
Q1 2012  --> Down
Q2 2012  --> Down
Q3 2012  --> Down
Q4 2012  --> More ppl will declare b....upcy
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Bankruptcy so easy meh? doh.gif I think down 8 more quarters is still above my purchase price. wink.gif
PradaLee
post Mar 9 2012, 07:07 PM

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QUOTE(debtismoney @ Mar 9 2012, 06:24 PM)
I love to read these stuff, it's very entertaining indeed!

Please ask your buddy reporter to write more and publish in main stream media, so we can have more laugh here  thumbup.gif


Added on March 9, 2012, 6:27 pm

I have no idea about the price movement in MK, this is what the article says anyway.
該行指出,過去數年來,住宅房產新供應成長大幅度縮減,不過,屋價卻沒有相應揚升。2001年的常年住宅,包括巴生河流域地區的供應成長介於12至13%,惟2010年卻萎縮至2至3%水平。該行預估目前完整磚屋住宅短缺接近200萬間

Also what is the population in KV, 6 million? I presume the 2 million "housing shortage" is refer to nationwide? It just doesn't make sense if only for KV, 2 million homes are sufficient to house 6 million people.
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It says shortage of 2 million houses/condos in Klang Valley. So maybe, there are only 4 mil units now. Need another 2 milion units! Shocking isn't it? And people are talking about oversupply.
PradaLee
post Mar 14 2012, 08:17 AM

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QUOTE(doraemonkiller @ Mar 13 2012, 11:27 PM)
When there is economic recession, gomen will photostat paper money to pay debts and boost economy. This is the reason why people put their money on golds to maintain their wealth.
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Some put money in gold, some put in property. Both also will go up.
PradaLee
post Apr 8 2012, 08:54 AM

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QUOTE(lucerne @ Apr 8 2012, 12:28 AM)
Yes the newcomers (be the outstation or foreigners) will still flock to klcc for work. this newcomer may not like the heavy traffic (if they live outside klcc), or they have no car and need to live near to workplace, or they not familiar with KL and prefer to live within klcc.  (especially foreigner)

when i was living in Shanghai, i chose to live in the city centre (even the rental is much higher than outskirt, 2-3x). coz i am not familiar with outskirt shanghai. travelling by taxi also easier and cheaper.
my colleagues (from other province ) also prefer to buy home not too far from shanghai city centre (where the offices are located). most of them take mrt + short distance taxi to work. very few buy home far from mrt , i mean short distance by taxi or city bus to mrt station. home near to mrt is very much higher price. many still prefer to buy a little further away from mrt. 

i still think that future jobs opportunities will be concentrate in city centre area.  look at big cities like Tokyo, Shanghai, Beijing, Guangzhou, Taipei, Bangkok, Jakarta etc.
there are so many new coming office in KL Sentral, klcc and nearby. many MNC, big local co, GLC will eventually fill these offices. we dont see much office building in outskirt kl. new comers , foreigners, MNC employee still prefer to live near office. driving to work will be expensive, eg traffic jam, oil, car park, car maintenance, time etc.
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Well written and I fully agree. It is absurd to talk about outskirt taking over KL. If they ever do that, it means KL city center become outskirt and then people come back to KL? rclxub.gif
PradaLee
post Apr 16 2012, 08:34 AM

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QUOTE(DeepValue @ Apr 16 2012, 12:45 AM)




These are some to share for now...  notice i said if we can turn back time.. at the moment i think more careful consideration is needed before more measures are implemented. The bubble has already burst.  I suspect if anything, there will be more curbs post election as policymakers for sure is taking into account that the election is a 'risk point'.
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A bit contradictory. If the bubble already burst, why do we need more curbs? Maybe you meant the bubble has already formed, waiting to burst?

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