1) most probably next year GE...ppl will sell b4 GE...ppl that wanna buy, to be safe..wait till after GE
2) IMO almost all property launched these few years will complete construction in 2012-2013..by that time supply will be more than demand...buyer got upper hand
3) economy no good now..bank negara coming up few rules to tighten loan..buyer hard to get loan approved...seller/investor/speculator will lose out..
4) lot of fresh graduate tend to get PR after complete their study overseas and baby boomer(those in age 50s) will retire soon..they will cash out or sell their properties and migrate for retirement...thus many ppl selling..indirectly means much more supply of property in market.
5) Goverment building PR1MA home...many youngsters wait-and-see approach..means they wont buy at this moment -> seller lose out again...

I would like to know whether next year is buyer market or seller market?

I lol at this statement. Do you have any evidence to support this statement? I know china practice this, yet they have property bubble. But I don't know Malaysia have the same practise of paying cash to buy property. Perhaps I need some enlightenment on this matters   

+1 - the new generation nowadays seems to focus more on fulfilling their lifestyle rather than the basic needs.

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Added on November 27, 2011, 10:27 pm

+1... reminded me when I started off renting a room (sharing) in my early years...

Honda civic is nth..some the house like jungle, the car porch has a 5 series bimmer...some couple even drive slk and Z4, their house small and like rented house...its not easy to equilibrium lifestyle that own big house and big car...its subject to individual preference...

I need advice from all the sifus here.

My tenant wishes to break lease. Its a 2 yrs lease and they have occupied for about 10 months. Can I know what I can claim from them besides forfeiting the 2 months deposit. Must I return the utilities deposit? Must they give 1 months notice before termination? Can I claim back the commission paid to the agent (pro rated)?

Any other advice is most appreciated.
Thanks.

May I know how much is the minimum price to buy a property in here for foreigner ? still 500,000?

wow 2 different answers, I layan google edi and according to MM2H foreigner can purchase min. 500K up (what RomaNce said also)

@kidmad
where did you find the source that foreigner can buy property above 250K ?

500K and 250K is a big gap

Why do people need to work hard or become entrepreneurs? We can simply flip property upon completion and make 50-100% capital gain, not even Apple's products can achieve this percentage gain! Why work 9-5, quit your day job and join the property party! 

Many Real Estate agencies sprung up in the last few short years. Many young adults want to make quick bucks and rush to housing sector, go iproperty and you can see many young faces.

This is causing capital and resource misallocation to the property sector, and economy relies heavily on property boom but not manufacturing base must hit the wall in the long run (see Dubai).

http://biz.sinchew-i.com/node/57597

庭貸款申請挫20.6，貸款批准跌高達27.7%

汽車與住宅產業貸款批准雙雙暴跌近21%

信用卡與個人貸款批准，各按年大跌約50與30%

消費者貸款萎縮高達16.4%，汽車與產業首當其衝，各挫15.5與6.3%
If this trend continues, where do you get the money supply to keep bidding up the property prices?

So what do you mean "when the loan is tighten, it will help to prevent bubble from bursting, but not leading bubble to burst"?

When households are burdened with huge debt load, even banks are willing to lend, but the households simply cannot take on more debt without income growth. This will be causing the credit bubble to burst.
If you want to buy an investment property now, look into the US market. USD200k or RM600k can buy you a 5 bedroom bungalow in decent suburbs. What can you buy in KV with RM600k these days, not even a single storey terrace in TTDI, DSL in Puchong, Shah Alam or Cyberjaya.

The US property market has been heading south over 5 years since the peak in 2005/06, it should be near bottom now. As I said before, we need 5-10 years for a property bubble burst to find a floor.

Did I say USD200k can buy you a brand new 5 bedroom bungalow in the US? Maybe you can buy a brand new but empty 1000sf 3 bedroom apartment/condo with less than USD100k in California.

Nobody is stopping you to leverage yourself to buy property, go get a few credit cards to pay downpayment and don't forget to take advantage of 0% balance transfer. hope this helps, this is worth a lot of cents as I don't usually give free advice.

u mentioned loose criteria form bank, is that what happen now?

30% not enough to pay for expenses? i dun know other ppl but i have no problem on that.

moreover, ppl always pay for commitment first before they spend on expenses once they get their salary.

I found some short videos about petrodollar, you study it and you will understand what I was talking about.

The US controls the world oil supply with their military bases literally, and the whole world needs to trade oil with USD without exception therefore the US can print money whenever they want because there is always a demand for oil. This is the petrodollar system we are having now, the US is ripping off every other countries.

How on earth can an empire just print paper money at will, and force the whole world to work hard and accept it forever? The answer is it won't last forever, all empires crumble eventually due to excessive debt.

If Iran starts to trade oil in other currency, the US must and will attack Iran, just like Iraq and Libya.

If the west can't get out of the depression/high unemployment, they must and will lead you to another world war. Historically, this seems like the most effective way to restart the world economy. I feel sad to say this, but this is the world we are living in... let's pray     
http://www.youtube.com/watch?v=wha9lTKN7Zg&feature=related

http://www.youtube.com/watch?v=oUHmxBEZeU0&feature=related

Wat? The balloting is over? I receive SMS that it will be postponed? So many buyers in SPS sales office today...

I believe what you meant is that bubble is still building up and long way to go before popping.
To say there is no bubble at all is kidding yourself.

It is no point arguing actually. For if you really believe in the fundamental of our economy, the country going towards high income nation, it is good to buy and continue buying as sound investment. And even better NOT to defend against the doom sayers. Join them and say the market is going down, good way of reducing your competitors mah!

Impressive rise of property prices over the past few years was due to 2 main culprit. Loose lending from the banks and developers selling at a premium while offering DIBS. Revised RPGT plays a role as well, somewhat. That is all.

In the long run of course prices go up, though what we are seeing right now is very dangerous. Consumer debt is at an all time high, and almost everyone (especially the very young ones) jump right into real estate which created a lot of demand, i do not know for sure it is the majority but A LOT of them has absolutely NO WAY of repaying the monthly installment. It doesn't help either when there is a group of people leverage to the max and buy up huge inventory to flip. (artificial demand).

*True Story: The seasoned investors are quietly exiting the market already, waiting for correction (crash) to come right back into the market. Below case took the limelight though with such major sell off.

http://forum.lowyat.net/topic/2255629

well regardless of what he or other ppl sayin, am buying n just bot 1 last mth. my view is we can still buy for d right property instead of bbb. what i think is right now may turn out wrong but at least it is a calculated risk that i'll accept d consequence.

if most people cannot survive and losing job (income), the chain reaction will be triggered and affect people along the economy chain....

In this case, not only property, most investment will be tough to sustain....including gold.

So, if we are using a typical massive economy downturn as a extreme test case, well, you will end up not invest anything because, the value of most thing will be significantly reduced....

Focusing the discussion on the direct impact may be better...

Opps... am I teaching you?

BTW, my tax return last year touches 6 mil gross

still BBB mode in HK, Macau, Indonesia??
how about Malaysia?

http://www.theedgeproperty.com/global-mark...at-top-end.html
http://www.theedgeproperty.com/global-mark...-in-a-year.html
http://www.theedgeproperty.com/global-mark...developers.html

after so many post on this same message i think the 'advisors' should guide others how to 'afford' things right? so many ppl share info freely in lowyat.net, why not elaborate further.

is there a page dedicated to a list of easy money lenders, clear instructions on how to to zero down on houses/apartments? just a thought ya.. 

Yesterday balloting of Temasya Glenmarie still attracted 4,000 application(with bank draft of RM50K each) for house priced RM1-RM1.8M with only 100 over units available. Since some put in multiple application, i would say there are at least 1,000 buyer ready to buy it. At this location, price don't seem to slow down.

No point La... No way we are sure of the prop market now..wait for any big news..
Prop drop already happen in most area.. If u ask most agent.
Just decided to visit this forum in six months time.
See it clearer.

I hear people refer to reports by so called experts who say the property market is still oK - semua ok. I would take these reports with a grain of salt (actually you better take a few spoon full). I mean I have read with my own eyes in a reputable investment magazine, some so called experts recommend buying lousy stocks like Proton and TNB (credibility out the window). Please remember this so called experts have a vested interest in people continuing to buy properties. What I mean to say is - go ahead and read these reports , but learn to observe all the economic indicators around you. with your own eyes. Eg more than half the income earners earn less than RM3K a month. Local income has not caught up with property, goods and services price rise. I believe that most of the buyers jacking up the price are speculators and also Malaysians working overseas with much higher income - Especially in Singapore. In my company alone a dozen or so engineers are attracted by the pay package in Singapore. I think there are still opportunities for investing- Sepang (near KLIA), Semenyih and maybe even Nilai / Seremban. Anyway - tread cautiously and good luck to all of us.