ha ha ha.. so funny reading this thread.. 

Coming to 2 actually.

Indeed many predictions already done since 2008.
"....soon" - when?
"Will crash..." - when?

2008/2009 subprime
2010 - Budget - LTV 70%
2011 - Budget - RPGT 10%/5%
2012 - Budget - RPGT 15%/10%
BTS proposal
PIGS Crisis
Loan approved based on nett income
GE13

Many hv details analysis on how the above will lead to property correction / crash, but after the incident happen, these people silent, dun bother to analyse why the mkt did not react positively. Sigh..

Ya agree, you understand the fundamental, pessimistic guy. Keep on yr research, pls come to Puchong more, dun forget to check the Qaseh sale, big discount for you by I&P, only for you.
P/s : I hv waiting for mths to get yr clarification, if you choose to ignore it, I rest my case and I forgive you.

My advice to you, a single trip to a place won't make you an expert, I stay in Puchong for 15 yrs and I dare not to claim to know Puchong well, and you talk like an expert, you are Good.

Hahahaha I suddenly feel very funny. For all you know, people like debtismoney, joeblow etc are buying properties behind our back trying to catch the last train. And people like zuiko, amint etc are also selling their properties in fear of the bubble burst

 

Don't be so smug.

I said I am not familiar with your development, not that I don't know mont kiara  .

Anyway, I checked the props all and non of your condos is selling below 500k for both I-zen 1 & 2.

So yeah to me it is overpriced sub sale wise.

For all I know that you have bought your props before the prices shoot up to insane levels.

The prop I bought could give at least 12% return now, provided you bought it 5 years ago.

Now at best 5.3%.

So yeah, I still say the prop prices is too high.

Not impossible, but close to it.

The prices just went up too much for rentals to cover.

Me, I just buy it partly to give it to my daughter so that she may have own place to live in when she grows up.

Rental is bare minimum only frankly. Only saving grace is that it should be easy to rent out.

Even at 410k it is still overpriced. But hey, what can you do? See an opportunity and just grab it.

At least it is not that insanely high.

gross

More importantly, potential cap appreciation and rental increase.

I am investing in mine because I am betting on the success of SJCC and the kencana square offices across the federal highway.

If the SJCC is completed, there will be offices and shopping mall right across e-tiara and hopefully my rental also could shoot up.

Right now the tenant is renting only rm1900, but I think could go rm2000 now.

I am aiming for 2.4k after the SJCC and LRT goes online...

I dont have debts lah.....and I am close to the life style I want  and I think there are lots of ppl like me.

Once my kids finish uni.. I should be finincially independent

P/s: some ppl just dont like to use debt leverage.

Even the rich use leveraging to multiply their wealth. Must understand the risk that's all. Leveraging is not necessary a bad thing.

I learnt
When you are a tycoon, whatever shxx you say will be a golden rule.

lol..
This is your failure  in your personal character :-

1). You don't know who am I and you believe I m not tycoooooooooooon.
2). You assume other people also think as you.

Come on Man, don't look down other people and don't assume anything IF YOU ARE NOT CERTAIN.
The world is soooooooooo big and you are soooooooooo small.

Agree... the debate just goes on.. but one thing I notice is that the price has been stagnant for 2 years
There are 3 groups....
First group belongs to property investor, speculator, property agent, someone relate to developer which want up up to the moon
Second group belongs to genuine home buyer which want down down till correction
Third group belongs to observer

But Property Talk section have a lot of the first group people... so... property price have to go up... interest rate have to go down... genuine buyer have to buy whatever price because buy for own living (   )... interest rate have to go down... foreigner have to come and goreng more

Pity the genuine buyer whom want a place call home...   

It's easier to find desperate buyer than desperate seller.... At least till now....

the expected slow growth on loan is a major indicator for price reverse.

Agree fully. The chance of rate up is getting higher as days go. The spread between real mortgage rate (not BLR) and 10 yrs MGS is in the narrowest in history[U]! And the recent spike of foreigner holding (on local bonds) has breached 30% due to fled of fund from area like Europe to emerging market. But it is a double edge sword and tend to fly here and there regularly that govt have little control over, unlike the EPF ....

Warning upfront for flippers (especially those with limited resources) hoping to VP in 2014-16 and sell. You might face price pressure (fighting for dwindling buyers) and higher installment cost. A war to fight from 2 fronts with limited bullets. Ask Hitler, he knows it.

1. Since they're rich and with holding power, they'll continue holding it and probably purchase more
2. Since they're fully leverage, that will means they are in trouble. They'll have to cut their lost and if its insufficient then they may go into bankruptcy.
3. If u are asking on 'middle income with average down camp group' then I'll see still no action from them.
Reason 1: Prop price may be cheaper but they may still need almost the same amt (or could be more) of cash to purchase prop
Eg 500k prop,
90% LTV, cash up front 50k
70% LTV, cash up front 150k
If market has a correction of 30%, bear in mind that bank will give lower valuation preparing for the worst too..
500k - 30% = 350k, bank value will be easily 10-15% different.
If bank value 300k,
90% LTV, cash up front (350k-300k) + (300k x 10%) = 80k
70% LTV, cash up front (350k-300k) + (300k x 30%) = 140k
Reason 2: Fear. When bank gives lower value, greater fear will occur tat price going down further, or what if they lose their job at this time and etc.
4. Who knows.... Maybe it become opportunities to them.....