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

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joeblows
post May 20 2013, 08:50 AM

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QUOTE(newx @ May 19 2013, 04:50 PM)
Agreed. The hyperinflation in Zimbabwe was caused by forceful acquisition of private properties i.e. farm land. As a results, agricultural outputs went down as the original farmers were being displaced from their farms and had not been compensated at all. Subsequently, world powers like USA imposed credit freeze or other form of economic sanctions on the country. With lesser agricultural outputs and economic sanctions, Zimbabwe had little means to generate any revenue.

To become like Zimbabwe, the Malaysian government will need to confiscate our private properties. Now let us answer these two questions:
1. Do we think this is going to happen in Malaysia?
2. Most importantly, do we want this to happen?

You have to be out of your mind to answer Yes to the second question. The imagination of Red Bean Army could never be underestimated. I am being polite when I said imagination.
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Don't need to become like Zimbabwe.

Become like Vietnam can already. Did you know that Vietnam real estate crashed almost 30% (and some around 50% for particular location) in the last 8 months due to oversupply and low demand? LOL.

Is Malaysia better than Vietnam? Not really IMO. All BBBBB camp desperately hope and pray for Singapore ppl to save our prop market lol.
AMINT
post May 20 2013, 09:04 AM

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QUOTE(joeblows @ May 20 2013, 08:50 AM)
Don't need to become like Zimbabwe.

Become like Vietnam can already. Did you know that Vietnam real estate crashed almost 30% (and some around 50% for particular location) in the last 8 months due to oversupply and low demand? LOL.

Is Malaysia better than Vietnam? Not really IMO. All BBBBB camp desperately hope and pray for Singapore ppl to save our prop market lol.
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Vietnam? Well thats a different story imho. There they dont have access to cheap credit like ours. Most banks will only give out tenure for less than 10 years for props. More over, they dont transact in dong for props. Use usd or gold. Most buyers are from 40 years and above. How?
SUStikaram
post May 20 2013, 09:17 AM

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QUOTE(joeblows @ May 20 2013, 09:50 AM)
Don't need to become like Zimbabwe.

Become like Vietnam can already. Did you know that Vietnam real estate crashed almost 30% (and some around 50% for particular location) in the last 8 months due to oversupply and low demand? LOL.

Is Malaysia better than Vietnam? Not really IMO. All BBBBB camp desperately hope and pray for Singapore ppl to save our prop market lol.
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correct.

vietnam is over supply and not able to afford it.

poeple said it is due to bank. we know that vietname bank all the while not lending cheap money. so if the banking never changed how come people can said due to not getting cheap money result drop so much?

it is the oversupply and the affordable problem.

This post has been edited by tikaram: May 20 2013, 09:18 AM
AMINT
post May 20 2013, 09:25 AM

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I forgot to mention also the interest rate in vietnam is superhigh. In between 13-15%. Not like ours. So cheap. In vietnam, many people couldnt afford ler. Best thing is that annual salary increment for most companies also around 15-17%. Unfortunately only for vietnamese.
HiT-AbLe
post May 20 2013, 09:47 AM

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Do we have to pay GST for buying property in case barang naik implements GST?
SUStikaram
post May 20 2013, 09:52 AM

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QUOTE(HiT-AbLe @ May 20 2013, 10:47 AM)
Do we have to pay GST for buying property in case barang naik implements GST?
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indirectly already included on the developer materials price.
HiT-AbLe
post May 20 2013, 10:01 AM

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QUOTE(tikaram @ May 20 2013, 09:52 AM)
indirectly already included on the developer materials price.
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So the sale price won't kena GST, but those building materials will kena tax? If it's the case I can only see the property price will keep increasing.
SUStikaram
post May 20 2013, 10:06 AM

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QUOTE(HiT-AbLe @ May 20 2013, 11:01 AM)
So the sale price won't kena GST, but those building materials will kena tax? If it's the case I can only see the property price will keep increasing.
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no crsytal ball.

some materials tax exempted

developer can use cheaper materials

developer can build smaller size

developer can use techonolgy to build high volumn and reduce cost.

property cycle

affordable issues

interest to go up soon

mrt will increase more supply of land, place hot become not hot soon.

no crystal ball but many people saying buy less than 400k if you really need to buy. Above 400k not able to rent out so easy.

but very sure supply > demand right now, So buy if got staff discount, associate duiscount etc & subsales that below bank valuation is sure win.

people stop buying bcs PRU uncertainty might buy in the next few months. After that depend on economy and consumer pocket. Good luck to flipper with not so deep pocket.

This post has been edited by tikaram: May 20 2013, 11:18 AM
zuiko407
post May 20 2013, 11:07 AM

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QUOTE(joeblows @ May 20 2013, 08:50 AM)
Don't need to become like Zimbabwe.

Become like Vietnam can already. Did you know that Vietnam real estate crashed almost 30% (and some around 50% for particular location) in the last 8 months due to oversupply and low demand? LOL.

Is Malaysia better than Vietnam? Not really IMO. All BBBBB camp desperately hope and pray for Singapore ppl to save our prop market lol.
*
Any update on your targeted 2 storey link at damansara jaya? Drop from 850k to 700k yet?
cranx
post May 20 2013, 11:11 AM

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http://www.theedgemalaysia.com/property/23...ia-pacific.html

Property price correction expected in Asia Pacific.

*Malaysia is likely to see rebound in activity in the property market following the recently concluded general election.

SUSworgen
post May 20 2013, 12:22 PM

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QUOTE(EddyLB @ May 20 2013, 07:11 AM)
More and more down camp people abandon ship ! Now switch to BBB mode  laugh.gif

Or all these while these down camp people playing double faced ? Hoping to create fear so that less people compete with them ?
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tic tac jz a nervous flipper fr up up up camp. he never switch camp. Jz hiding in ddd camp.
SUSworgen
post May 20 2013, 12:52 PM

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QUOTE(joeblows @ May 20 2013, 08:46 AM)
Not doing well?

Didn't I tell you it will go up to 450? Sold off already la, boy.

LMAO....go read a bit before running your mouth here. ~9% (after minus brokerage fees) in less than 2 months. Your house can ah?  brows.gif
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you sold it? thought you are super bullish on aapl and you sold it? ok la we believe you sold it. excellence since you realize its a falling knife.btw, 9% is underperformed compared to nasdaq, if dont know yet.
those newer propertirles only making min 60% over 3 years. some older one appreciated almost 200% and monthly tenant paying for my installment with positive cash flow. ah boy, pls do some calc on ROI to understd the profit between stocks and properties.
On stock investment, not only depend on fundamental. also depend on vol, moving average, year or month high, stock trend, market sentiment, stock grading, etc. all contributed.for beginner like you, start to appreciate all the factors. by the way, dont get burned if you cont blind blind buy.
joeblows
post May 20 2013, 01:03 PM

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QUOTE(AMINT @ May 20 2013, 09:25 AM)
I forgot to mention also the interest rate in vietnam is superhigh. In between 13-15%. Not like ours. So cheap. In vietnam, many people couldnt afford ler. Best thing is that annual salary increment for most companies also around 15-17%. Unfortunately only for vietnamese.
*
Yep Vietnam interest rate is also higher than Malaysia.

But guess what, their savings rate is higher, lower debt and higher % for bank interest.

Also, their salary increment is high vs inflation. Not like Bolehland. Salary increment >10%, inflation about 7-8% in Vietnam. Bolehland? Inflation >5% (real inflation not what Gahmen says), salary increment stagnant

This post has been edited by joeblows: May 20 2013, 01:04 PM
joeblows
post May 20 2013, 01:07 PM

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QUOTE(worgen @ May 20 2013, 12:52 PM)
you sold it? thought you are super bullish on aapl and you sold it? ok la we believe you sold it.  excellence since you realize its a falling knife.btw,  9% is underperformed compared to nasdaq, if dont know yet.
those newer propertirles only making min 60% over 3 years. some older one appreciated almost 200% and monthly tenant paying for my installment with positive cash flow. ah boy, pls do some calc on ROI to understd the profit between stocks and properties.
On stock investment,  not only depend on fundamental. also depend on vol, moving average, year or month high, stock trend, market sentiment, stock grading, etc. all contributed.for beginner like you, start to appreciate all the factors. by the way, dont get burned if you cont blind blind buy.
*
Lrn2read boy.

QUOTE(joeblows)
Selling at around the 440-450 mark. Target 8% profit in a couple of weeks.

Hard lesson learned from the share market when I was younger and more stupid. Never be too greedy.


Don't troll here la, unlikely you can even afford one prop so free to tcss all day.
SUSworgen
post May 20 2013, 01:15 PM

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QUOTE(joeblows @ May 20 2013, 01:07 PM)
Lrn2read boy.

QUOTE(joeblows)
Selling at around the 440-450 mark. Target 8% profit in a couple of weeks.

Hard lesson learned from the share market when I was younger and more stupid. Never be too greedy.


Don't troll here la, unlikely you can even afford one prop so free to tcss all day.
*
i m learning fr you and happy with 9% blind blind buy. any tips for next BBB? let us know, wish to ride on your luck.

This post has been edited by worgen: May 20 2013, 01:18 PM
SUStikaram
post May 20 2013, 01:36 PM

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QUOTE(cranx @ May 20 2013, 12:11 PM)
http://www.theedgemalaysia.com/property/23...ia-pacific.html

Property price correction expected in Asia Pacific.

*Malaysia is likely to see rebound in activity in the property market following the recently concluded general election.
*
we continue to have bad news. doh.gif


Chinese businessmen say boycott on community’s products “racist”, will hurt economy



KUALA LUMPUR, May 19 ― The call by pro-Umno bloggers and Muslim groups for a boycott of Chinese businesses is racist and will harm the country’s economic growth, according to businessmen from the community.

Malaysia’s gross domestic product (GDP) expanded by 4.1 per cent in the first quarter of the year as a result of weaker exports and slower growth in public spending, compared to 4.7 per cent in the same quarter in 2012 and 6.4 per cent in the last quarter of 2012.


http://my.news.yahoo.com/chinese-businessm...-032851235.html

This post has been edited by tikaram: May 20 2013, 01:37 PM
SUStikaram
post May 20 2013, 01:38 PM

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QUOTE(joeblows @ May 20 2013, 02:07 PM)
Lrn2read boy.

QUOTE(joeblows)
Selling at around the 440-450 mark. Target 8% profit in a couple of weeks.

Hard lesson learned from the share market when I was younger and more stupid. Never be too greedy.


Don't troll here la, unlikely you can even afford one prop so free to tcss all day.
*
+1
rclxms.gif rclxms.gif rclxms.gif rclxms.gif
Rooney1985
post May 20 2013, 01:39 PM

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http://www.starproperty.my/index.php/artic...ng-in-a-valuer/

LMFAO!!!
SUStikaram
post May 20 2013, 01:48 PM

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QUOTE(Rooney1985 @ May 20 2013, 02:39 PM)
Wow!...

look like this guy is good.

I just did what he said last week " If you buy a ready-built matured property which is way below the brand-new high priced property nearby, you have almost certainly made money."

copy from pai book?

This post has been edited by tikaram: May 20 2013, 01:53 PM
zuiko407
post May 20 2013, 01:48 PM

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QUOTE(Rooney1985 @ May 20 2013, 01:39 PM)
BBB baby
Did u find any cheap stuff?

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