Agree with you.. Although I do think that somehow our country salary growth is lagging behind.. But that is a diff story altogether..

There are 2 type if ppl who complain bout house being expensive that I despise..

Type 1: those who spent like 30-40% of salary in car instalment or don't mind paying 1k plus per month for cars, yet say house very expensive.. Just buy a much cheaper or 2nd car and save the money for house instalment la..

Type 2: those who want cheap house in prime location but yet complain those flat below 200k not for human live one.. If can't afford then they pretty much belong to the same as the "non human" who live in the low cost apt la.. Want to look down on ppl when ownself can't afford also..

Many also have the "tongkat mentality" wanting gov to give cheap house.. Like PR1MA, think in the end since its cheaper, then poorly maintained, then ppl complain again..

In the end is really down to your own mentality and perception.. Do something about it, or just sit there wait and hope property price will drop until the 90s price..

If Malaysia's house is cheap, how come government launch Prima or other affordable house project?

There are 2 type if ppl who said it is cheap.

Type 1: Own a house, maybe more than 2-3, then keep saying the house is cheap and hope to sell more expensive or rent more expensive.

Type 2: Not staying or working in Klang Valley.

Don't think we really hope the price drop until the 90s price, it is impossible. We just want reasonable price, is it wrong?

If you really do a good study, you will find out that the house price hike a lot since 2007/2008. The Previous 5 years before that is OK and acceptable.

This post has been edited by MisterLeaf: Oct 11 2012, 02:49 PM

But a lot of them didn't want to buy back then (it wasn't reasonable back then) ......

Bro, during 90's the home interest is like 9 to 10% that time. Even during year 1999 hit more than 11%. Hush hush to get a loan repayment although house price might be cheap. Quite pathetic too during that time.

Yeah! Betul, Betul, Betul!
Guys, looking forward!

yeah, look forward.

People compare time & price only. They forgot about other factors.

Let them be.

Market will tell. Market is always smarter than us. Need not argue.

They can continue to wait, but it will not come.

Once u missed. Look forward.

IMO, the significant price hike started at 2009 actually, before that property investment is not interesting due to the miniscule capital appreciation in tandem with inflation. Certain older condo even depreciate in value.

The reason that government launch PR1MA and other affordable house is the same reason that they give bumi quotas... people tend to like a piece of the pie even though they dont do much to deserve it... in other word, the "tongkat mentality"... we cant live on subsidies and aid forever...

I think PR1MA concept was good initially... but then they change the criteria for balloting... our country has some good policies, but as always, our implementation is bad... low cost landed in Rawang and Bkt Beruntung just left there for dust... shows that people still choose location over affordability...

I do not think house price is cheap in Msia, but i still think its affordable... I just do not like the fact that people complain about it but not changing their lifestyle nor do anything about it... why i say its still affordable because the unsold properties remain constant for the past years... shows that people are still buying despite the price hike...



I own one house for own stay and yes I'm working in KV... back in the 90s i've already started hearing people saying house price is getting expensive and bubble will come... the price surge was more on year 2009 actually, but there are many underlying factors that cause the surge... like it or not, property growth is part of economic growth, its kind of inevitable for a developing country like Msia...

If you can read chinese, read this news.
http://www.orientaldaily.com.my/index.php?...20:9&Itemid=203

Malaysia real estate speculation TOP 9 in the world.

https://fbcdn-sphotos-c-a.akamaihd.net/hpho...174557400_n.jpg

The data tell the truth. Not from own opinion like talk in coffee shop.

TOP 9, Asia is booming. It also mentioned that MY is the number 5 in Asia, after Hong Kong, China, Singapore, and Philippine .. reasonable la.

I think better our government follow SG govn, all properties under govn so the price under control.

What do you mean by "all properties under govn so the price under control"? Gomen flats yes.

Implement SG Govn property policy

Meaning that SG price is now very cheap? or should push MY property price go on-par with SG?
Like what?

This post has been edited by ecin: Oct 26 2012, 10:59 PM

US announced QE3 until 2015.
prediction everything will up for the next 5-7 years, food, rental etc.
money keep flowing into the market. money usually go to the richman first.

richman will sapu houses in captured area and rent. cannot rent also never mind cause richman got cash flow to support the installment. they are not hurry to sell cheap as increase in rental in market also increase the book value of the property. they are happy to see book value of property increase everyday. they are focusing on their core business, they don bother much on property they buy as long value increasing.

whereas ppl renting houses is in hurry cause they would prefer own a house rather than paying rental help other ppl pay installment.
they will accept to buy property at higher price.

This go no end, house prices continue to rise.

mortgage bankers, valuers, lawyers, business loan banker, the bank, developer, government, all wanna earn money and continue to push hard for lending, expansion, building, favorable tax scale. keep growing.

house price continue to rise.

only will have price adjustment if something wrong in between.. eg the europe crisis/ natural disaster/ tsunami hit Malaysia....

rich foreigner from other high risk country, eg Pakistan, Iran, Bangladesh. like to stay in Malaysia for peaceful environment because their home country keep booming.
Japan, Korean, China, Singapore come to Malaysia buy houses because their country property no room for appreciation/ cannot afford.
US, english, autralian, expatriate come to malaysia work and live in Malaysia.

Malaysia is developing and growing towards so called wawasan 2020.
setia eco city 1200 psf, tun razak exchange, MRT Klang valley, PLC financial result growth, malaysia as oil producer country, petronas proton perodua telekom tenaga genting toto magnum earn so much for the government.

you still think price will down?

Good point definitely won't down. Current foreign ownership still so insignificant. Untapped market.

U get it wrong.

If Malaysia becoming like Singapore, confirm lagi expensive.

Hong Leong downgrades property sector

October 29, 2012


Hong Leong Investment Bank says that with the latest round of Real Property Gains Tax hike, we now expect the sector to be headed for a slowdown in terms of launches, sales and transactions.

KUALA LUMPUR, Oct 29 – Hong Leong Investment Bank downgraded Malaysia’s property sector companies to ‘neutral’ from ‘overweight’, saying an increase in property gains tax is expected to weigh on an already slowing market.

“The most direct and negative impact will be a slowdown in transactions in the secondary market,” the bank said in a research note today.

Property gains tax will rise by five percentage points across the board in 2013 as the government tries to rein in speculation.

“With the latest round of Real Property Gains Tax hike, we now expect the sector to be headed for a slowdown in terms of launches, sales and transactions,” the bank said.

Hong Leong said it expects the affordable segment of the market to perform better than the mid-to-higher end segment and Mah Sing Group and Glomac should be more adaptable to the shift in market conditions.

“Between the two, we prefer Glomac, as their landed townships which are currently selling for RM400,000-RM450,000 which fits the affordable segment definition,” the bank added.

At 1052, both Glomac and Mah Sing were unchanged at RM0.82 per share and RM2.27 per share respectively. The benchmark composite index was up 0.26 per cent at 1676.17. – Reuters