QUOTE(cybermaster98 @ Aug 2 2013, 03:00 PM)
Most properties in Klang Valley doubled or even tripled since 2009. But using this as a benchmark to confirm similar increases for future properties is foolhardy and clearly wrong. 2007 - 2011 was the bumper years for property investors. Many became millionaires. From 2011 however the story has begun to change. Property appreciation percentages have already started to drop. Occupancy rates are also dropping together with lower rental yields. Take a drive around MK at night and ull see yourself.
We must all be smart investors and learn to differentiate the 'developer talk' from reality. Most of us here have become so convinced by these smooth talking developers during property fairs and property launches that we have learnt to accept everything they say as gospel truth. Even the Gov is playing down the actual condition of the Malaysian economy. Its common knowledge that the Gov and these developers are in cohorts with each other to boost property prices and increase spending. But now the Gov is beginning to slowly realise that they have overdone it. Thats why BNM is shaking now.
Never follow the herd mentality. It will get you burnt.
Really mk dropping? I here every day woWe must all be smart investors and learn to differentiate the 'developer talk' from reality. Most of us here have become so convinced by these smooth talking developers during property fairs and property launches that we have learnt to accept everything they say as gospel truth. Even the Gov is playing down the actual condition of the Malaysian economy. Its common knowledge that the Gov and these developers are in cohorts with each other to boost property prices and increase spending. But now the Gov is beginning to slowly realise that they have overdone it. Thats why BNM is shaking now.
Never follow the herd mentality. It will get you burnt.
Aug 3 2013, 12:07 PM

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