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 V10 - Property Prices (Up, Down or .....), and the debate goes on and on and on ...

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SUStat3179
post Mar 21 2013, 01:25 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:20 PM)
Dear lawyer,
Too easy to make money due to lack of competitive
*
Really?

Well you know what they say...easy come easy go. biggrin.gif
SUStat3179
post Mar 21 2013, 01:27 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:22 PM)
Means that low income keep renting
High income keep buying
tongue.gif
*
Or bank negara tightening the lending spigot and may increase blr..... biggrin.gif

Good luck flipping then....
SUStat3179
post Mar 21 2013, 01:35 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:33 PM)
That's why lack of competitive
Too many pessimistic people
This cannot, that cannot
tongue.gif
*
On the other hand, also too many fools.
This can that can,
When the tide goes, can fly off buildings too! biggrin.gif
SUStat3179
post Mar 21 2013, 01:38 PM

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QUOTE(Nikmon @ Mar 21 2013, 01:33 PM)
BNM forecasting 2-3 inflation in 2013, prepare for BLR increase.
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Unlikely, at least for the short term.

No other central bankers are rising their lending rates and are currently actively devaluing their currencies for competition.

More likely to remain as it is until the forseeable future.
SUStat3179
post Mar 21 2013, 01:41 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:38 PM)
Ya, you're right too, mr professional lawyer
Enjoy your poor life and keep worry where to save enough for children education tongue.gif
*
Haha, I really got to borrow that "never wrong" crystal ball of yours. biggrin.gif

So powderful that you can spot a "poor man" random man in the internets without fail wan hor.... biggrin.gif

Anyway, you must be sweating bullets now since you since my posting seem to disturb you so much.

Why, cannot sleep in your Mont Kiara condo now izzit? biggrin.gif


SUStat3179
post Mar 21 2013, 01:44 PM

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QUOTE(New Klang @ Mar 21 2013, 01:38 PM)
The pessimists are still wondering why record price new launches can still sell out!
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Maybe those "pessimists" are just watching the bulls jostling for chairs while the music still playing leh..who knows? biggrin.gif

After all, how many of them are buying outright using cash and how many of them are relying on DIBS...eh? biggrin.gif
SUStat3179
post Mar 21 2013, 01:52 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:49 PM)
Told u earlier, I don't have crystal ball, I only have $$ in the pocket especially joined the party last few years
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Well...good luck....$$ easy come in...$$ go out... biggrin.gif

Who knows leh...since you now you claim you don't have a crystal ball... biggrin.gif
SUStat3179
post Mar 21 2013, 02:02 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:58 PM)
Thanks for reminder
I'll monitor my account like kak zeti
You have nothing to monitor? Oh no! What have u did in the past? Aggressive a bit la
*
Many things. Who knows leh eh? biggrin.gif

Then again, what does it matter to you? I am only a "poor man" to you mah....right? biggrin.gif

Aggressive ah? Prefer to use my brain oh before investing. How about you?



SUStat3179
post Mar 21 2013, 04:18 PM

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QUOTE(zuiko407 @ Mar 21 2013, 04:10 PM)
Oh no! Increase RPGT!!
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Aiyah Mr Zuiko, RPGT small fry to rich man like you only to youlah.

No need to worry wan...the market will always go up wanlah....right...? biggrin.gif
SUStat3179
post Mar 21 2013, 04:29 PM

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QUOTE(zuiko407 @ Mar 21 2013, 04:20 PM)
I knew you'll reply
smile.gif
*
And I know you will react.... biggrin.gif
SUStat3179
post Mar 21 2013, 07:18 PM

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QUOTE(zuiko407 @ Mar 21 2013, 06:08 PM)
Father of 1
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Coming to 2 actually.
SUStat3179
post Mar 23 2013, 06:42 PM

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Yep. Just bought a unit at e-tiara for 410K yesterday.

Now with 2 props in my belt...I hope my own prediction won't come true....biggrin.gif, but who knows, eh?


SUStat3179
post Mar 23 2013, 07:06 PM

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QUOTE(kh8668 @ Mar 23 2013, 06:47 PM)
Lol I thought you are waiting for market down. Where is etiara?
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I said the market will eventually go down, perhaps soon...

I never said I am NOT buying any props now.

e-tiara is at SS16.

This one special case. Owner desperate to sell, and is below asking price a bit.

So take advantage lah.
SUStat3179
post Mar 23 2013, 08:25 PM

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QUOTE(zuiko407 @ Mar 23 2013, 07:46 PM)
Omg!
U bought the 600sf
U became next greater fool!
Launch price 230k only
U expect 1k psf in future?
tongue.gif
*
Oh noes....end of the world...I am going to jump of 14th floor already. biggrin.gif


SUStat3179
post Mar 23 2013, 08:26 PM

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QUOTE(zuiko407 @ Mar 23 2013, 07:48 PM)
Analysis
There are plenty of upscale developments in the area. Just beside e-Tiara there is Saujana Residency that comprises of 4 blocks of 10-storey serviced suites. Next to Saujana Residency is Empire Subang, an upscale mixed development.

In addition, there is another serviced suite directly next to e-Tiara called Casa Tiara, which comprises of 644 units. There is also Subang Olives project which compromises of serviced apartments, a hotel and an office building.

There is also a problem with parking lots, which residents that have more than 2 cars have to park their cars outside the compound, which seems to be impossible in near future. There is very limited roadside area space in front of the building, that residents have to fight with other residents from other condominiums, as well as workers around the area.

Furthermore, units facing the highway not only have to endure noise from the traffic, but also the passing trains. Worst of all, there are high-tension cables running parallel to the road. In addition, there are much too many students living around the area due to the close proximity to colleges.

Traffic congestion is a huge problem in SS16. Even though the interchange from the Federal highway has been developed to cater the residents in the area, it does not seem capable enough to handle more congestion in the near future.
*
Cheh, you think you are the only guy who follows propwall izzit...
SUStat3179
post Mar 23 2013, 08:37 PM

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QUOTE(zuiko407 @ Mar 23 2013, 08:29 PM)
I'm not familiar with e-tiara, just copy and paste
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I bought there because I subang lang. Easier to manage the unit when rented.

Only concern is that loads more other pricier development in the pipeline.
SUStat3179
post Mar 23 2013, 09:38 PM

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QUOTE(zuiko407 @ Mar 23 2013, 09:24 PM)
Welcome to the world of property investment, that's one the reason I'm confidence price sustainable, the market always support by a group and another, and down camp are willing to support RM665 psf in subang jaya.
I can foresee more and more down camp will quietly buy, feel shame to make announcement due to too hardcore previously
*
Well, I NEVER said that I won't buy in the first place. Oh, i have invested before.

You only assumed that I never invested. biggrin.gif

Secondly, I still think some props are way overpriced and at the risk of bursting.

Anyway, I only invested because it is below market price and below 500k, which I deem safe enough to take the risk.

Also, I don't really flip. I liked the area and the rental yield.

I still won't touch anything above 500k as a general rule.
SUStat3179
post Mar 23 2013, 09:41 PM

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QUOTE(EddyLB @ Mar 23 2013, 09:37 PM)
shakehead.gif  shakehead.gif

You spoke so strongly against buying properties now and suggest better wait for the price to come down. But you actually went against your own words  notworthy.gif  notworthy.gif

I hope other down down down camp here meant what they say and put their money where their mouth is. How to believe what the down camp say in the future ? Somemore dare to tell us....

Bugger....behind the back, they grab properties.... doh.gif No wonder the price is still strong  cry.gif

Better call my agents again tomorrow and BBB  laugh.gif
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I still do. In my opinion, props in kl city centre, mont kiara and damansara are insane.

And I NEVER said that I won't invest. I just said I won't touch anything more than 500k with a barge pole. biggrin.gif

Which is true. I only bought it as it is only 410k @ 617 sq feet.


SUStat3179
post Mar 23 2013, 09:58 PM

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QUOTE(EddyLB @ Mar 23 2013, 09:50 PM)
Twisting and turning.....you are good politician material, like Samy Vellu  laugh.gif

Anyway, I don't think serious investors will take the comments in LYN (of all places.... tongue.gif ) seriously lah.

So bro its alright if you went against your words. Many of the BBB camp are agents anyway so you don't take their comments seriously too.... laugh.gif
*
Whatever makes you happy dude...

Anyway, this is lowyat lah, anyone that takes online opinion without any own thinking and research needs to get their head checked.

There are no absolutes. I never said that the ENTIRE housing market not sustainable. Just most of it.

And my point is, people need to think twice before jumping head first into prop investment than take for granted that props will always go up and up and up.

That is what I think the BBB people are doing.
SUStat3179
post Mar 23 2013, 09:59 PM

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QUOTE(AppreciativeMan @ Mar 23 2013, 09:52 PM)
biggrin.gif  biggrin.gif  biggrin.gif
410k @ 617sf = 664psf @ Subang Jaya SS16
480k @ 725sf = 662psf @ Mont Kiara
Which one price more insane?  tongue.gif
Nevertheless, congrats your upgrade in prop portfolio...  rclxms.gif  rclxms.gif  rclxms.gif
*
And which prop is that in Mont kiara?

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