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

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AMINT
post May 23 2013, 02:11 PM

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If i am a 100% believer in DDD camp but i am still buying, that means i only fool people around me. If i am a 100% believer in UUU camp but still not buying anything, that means i only fool people. If any of the above occurs, meaning i dont practice what i preach. Hence i will consider myself a liar.

This post has been edited by AMINT: May 23 2013, 03:26 PM
TSkochin
post May 23 2013, 02:14 PM

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QUOTE(tikaram @ May 23 2013, 02:08 PM)
sure you are wrong.

you already said u are  "not well verse with shares" and "most super wealthy people made their millions from shares, and not properties."
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no problem with me being wrong.
only problem is you can't or won't answer a question i post to you earlier.
not wrong for me to ask. and certainly not wrong for you to decline help to those who requested.

SUStikaram
post May 23 2013, 02:18 PM

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QUOTE(kochin @ May 23 2013, 03:14 PM)
no problem with me being wrong.
only problem is you can't or won't answer a question i post to you earlier.
not wrong for me to ask. and certainly not wrong for you to decline help to those who requested.
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i already answer " can we stop all this share things?"

u bring it up again. for me u are not matching yours " no problem with me being wrong."

u are actually 不接纳 that u are wrong. tongue.gif

this is property section. so again. can we stop all this share things?

This post has been edited by tikaram: May 23 2013, 02:23 PM
SUSworgen
post May 23 2013, 02:21 PM

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QUOTE(AMINT @ May 23 2013, 02:11 PM)
If i am a 100% believer in DDD camp but i am still buying, that means i only fool people around me. If i am a 100% believer in UUU camp but still not buying anything, that means i only fool people. If any of the above occurs, meaning i dont practice what i preach. Hence i will consider myself a liar.
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Sorry to say that I ve found 1. Our tic tac fren dont preach what he said but proudly declared to the world. He s living in grey world. I understd he got really nervous while flipping. Funny, he still didnt get the message or maybe still playing dumb?
SUSworgen
post May 23 2013, 02:29 PM

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QUOTE(tikaram @ May 23 2013, 02:18 PM)
i already answer " can we stop all this share things?"

u bring it up again. for me u are not matching yours " no problem with me being wrong."

u are actually  不接纳 that u are wrong. tongue.gif

this is property section. so again. can we stop all this share things?
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Oic. Thn maybe you can share your property investment here instead keep barking on the wrong tree.

This post has been edited by worgen: May 23 2013, 02:39 PM
SUStikaram
post May 23 2013, 02:30 PM

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QUOTE(terryble @ May 23 2013, 12:57 PM)
Bias view~~sinz u have already owned 2 properties~~ tongue.gif

Anyway I am not an expert in property market, below are just my 2 cents based on the basic supply and demand theory~~

Typical Malaysian (in KL to be specific) may find it hard to cope with the current property prices, this is why it makes property below 500k is very attractive and were taken up at an insanely fast speed. Property over 500k is hot as well due to speculation/investment PLUS EXTERNAL DEMAND which is fuelling the higher end market. The demand SEEMS to be good (if not crazy)~~

But banks are slowly closing their tap, getting more stringent in the approval process, more reject loan cases happened, not a healthy sign for demand

At the fundamental level, actual citizens who are really moving into the new property is rather low and slow. If you look at the threads posted here, the occupancy rate for new condos, like scott garden, G-residence, Zest or even Setia Walk some what worries me, after one year still below 70%?

On the supply side, developer are taking advantage of the increasing property price, most of them were RUSHING for new projects, supply is plenty and sales is good, project financing is not a big problem. The downside is that, most of them were aiming for higher end market with prices above RM500k, again, foreigners (external demand) can buy these units upfront with basically no obstacles, sales seems to be no problem again and hence more high end construction, units are getting smaller in order to squeeze more revenue from the piece of land.

At the wider market, China is slowing down, USA is recovering slower than expected, Japan suffering due to strong yen, Europe in never ending deep shit, the macro outcome does not seems good. External demand may be limited in the near future.

My conclusion:-

With supply increasing and fundamental demand unable to catch up, if the external demand is, weaken / stopped / regulated then the effect on local market might be great. Local demand is strong for lower end property where working class is struggling to get one. Higher end ones, how many of you are actually buying for own use? Some say rental market in KL is growing, but the supply is even more.

Therefore, with all the above, I believe we are moving towards the property bubble… but of course no one can predict when it will happen, some mentioned it years ago and it never happen and prices continue to grow. But if all this unhealthy e

As a new property owner, I do hope the prices will maintain and grow at a reasonable rate and not the current booming rate.
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I agree with you.

I am down camp.

I said property will drop, that's make me down camp.

But, I never said i won't buy.

So, 2 different things here.

Now i bought price still cheap. Not those 500K

Being down camp so cannot buy fire sales meah? example, Now i bougth for rent wo. exmaple like kepong sentral? now price up after i bought?

http://www.iproperty.com.my/property/searc...u=&ns=1&sby=pdz

This post has been edited by tikaram: May 23 2013, 02:33 PM
SUSworgen
post May 23 2013, 02:38 PM

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QUOTE(tikaram @ May 23 2013, 02:30 PM)
I agree with you.

I am down camp.

I said property will drop, that's make me down camp.

But, I never said i won't buy.

So, 2 different things here.

Now i bought price still cheap. Not those 500K

Being down camp so cannot buy fire sales meah? example, Now i bougth for rent wo. exmaple like kepong sentral? now price up after i bought?

http://www.iproperty.com.my/property/searc...u=&ns=1&sby=pdz
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Ok ok. U ve tried ur best to explain. We understd. U r not a bank robber. U r merely taking the money away fr the bank. Try harder mang.

SUSworgen
post May 23 2013, 02:48 PM

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QUOTE(tikaram @ May 23 2013, 02:30 PM)
I agree with you.

I am down camp.

I said property will drop, that's make me down camp.

But, I never said i won't buy.

So, 2 different things here.

Now i bought price still cheap. Not those 500K

Being down camp so cannot buy fire sales meah? example, Now i bougth for rent wo. exmaple like kepong sentral? now price up after i bought?

http://www.iproperty.com.my/property/searc...u=&ns=1&sby=pdz
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Try not to have too many damaged control. The harder you try to explain, the harder ppl willing to believe u.
TSkochin
post May 23 2013, 03:08 PM

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QUOTE(tikaram @ May 23 2013, 02:30 PM)
I agree with you.

I am down camp.

I said property will drop, that's make me down camp.

But, I never said i won't buy.

So, 2 different things here.

Now i bought price still cheap. Not those 500K

Being down camp so cannot buy fire sales meah? example, Now i bougth for rent wo. exmaple like kepong sentral? now price up after i bought?

http://www.iproperty.com.my/property/searc...u=&ns=1&sby=pdz
*
so are you are happy being wrong?
DaveMustaine
post May 23 2013, 03:09 PM

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BBB = buy
DDD = also buy

BBB=DDD=buy?

What does this means?
SUStikaram
post May 23 2013, 03:16 PM

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QUOTE(kochin @ May 23 2013, 04:08 PM)
so are you are happy being wrong?
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i said property will drop...but it is about overall market will drop.

My finding, I still found those 200k to 300k good location price still low and slowly up and can generate very good rental income which i am more ok with now ( aggressive to more conservative now).

Imaging a low and medium cost apartment 800 sqf in so so location launching 220K now.

But u can find another subsale condo in KL selling 900sqf = 205k and can get rent 1180/ month. bank valuation 260k

Sorry the rest cannot share out. Until I finish nail it.

This post has been edited by tikaram: May 23 2013, 03:18 PM
joeblows
post May 23 2013, 03:23 PM

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QUOTE(kochin @ May 23 2013, 01:59 PM)
boss, while your scenario maybe quite realistic and achievable, but who's to say worgen's scenario might be equally possible as well.
when i illustrated the scenario, i was assuming that a stock investor would be consistently realising 9% gain each quarter for three years straight.
while not impossible but no easy feat as well.
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Not "realistic and achievable" but actually achieved within 2013. Versus your prediction of how property market will be in 2016 when no one even knows how KL will be then.

And comparing buying something on leverage with something that is fully paid upfront is just doh.gif

Why don't you compare buying shares on margin basis 1:4 and selling it when the unit price appreciated 9% would nett one 35% in <3 mths? As a matter of fact, using the same leverage factor would net you gross profit of ~90% on a leverage ratio of 1:10.


joeblows
post May 23 2013, 03:28 PM

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QUOTE(AMINT @ May 23 2013, 02:11 PM)
If i am a 100% believer in DDD camp but i am still buying, that means i only fool people around me. If i am a 100% believer in UUU camp but still not buying anything, that means i only fool people. If any of the above occurs, meaning i dont practice what i preach. Hence i will consider myself a liar.
*
You can be 100% believer in DDD camp and still be buying, why not?

Most people who are in DDD camp also think its mainly the >500k props especially shoebox and studio unit condos and the overpriced GnG style landed selling 1+++M that are going to be very hard hit in the coming years.

If you are only buying 200k-300k low-cost props, then the price may still be sustainable. So why not?
AMINT
post May 23 2013, 03:30 PM

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What the heck. Said in DDD camp but still buying some more and said no issue? Like that, u r not really a believer in DDD market la. Haiya. If u said is true, then dont preach la. DDD = UUU = BBB = SSS = pening
AMINT
post May 23 2013, 03:31 PM

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QUOTE(joeblows @ May 23 2013, 03:28 PM)
You can be 100% believer in DDD camp and still be buying, why not?

Most people who are in DDD camp also think its mainly the >500k props especially shoebox and studio unit condos and the overpriced GnG style landed selling 1+++M that are going to be very hard hit in the coming years.

If you are only buying 200k-300k low-cost props, then the price may still be sustainable. So why not?
*
Well that is ok until someone said dont buy dont buy dont buy coz market going south but he himself buys. tongue.gif
TSkochin
post May 23 2013, 03:34 PM

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QUOTE(joeblows @ May 23 2013, 03:28 PM)
You can be 100% believer in DDD camp and still be buying, why not?

Most people who are in DDD camp also think its mainly the >500k props especially shoebox and studio unit condos and the overpriced GnG style landed selling 1+++M that are going to be very hard hit in the coming years.

If you are only buying 200k-300k low-cost props, then the price may still be sustainable. So why not?
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boss if you define like that, i am also DDD camp liao lor.

AMINT
post May 23 2013, 03:39 PM

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QUOTE(kochin @ May 23 2013, 03:34 PM)
boss if you define like that, i am also DDD camp liao lor.
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So like that DDD camp = UUU camp. Ok this thread answered already. Huhuhu
TSkochin
post May 23 2013, 03:40 PM

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QUOTE(AMINT @ May 23 2013, 03:39 PM)
So like that DDD camp = UUU camp. Ok this thread answered already. Huhuhu
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i nvr say i am uuu camp wor.

AMINT
post May 23 2013, 03:42 PM

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QUOTE(kochin @ May 23 2013, 03:40 PM)
i nvr say i am uuu camp wor.
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I am referring to a general situation, boss. Not you. Coz joeblows' description also put me in DDD camp too
joeblows
post May 23 2013, 03:45 PM

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QUOTE(AMINT @ May 23 2013, 03:31 PM)
Well that is ok until someone said dont buy dont buy dont buy coz market going south but he himself buys. tongue.gif
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Can't speak for tat and tikaram but am not buying. smile.gif

Btw yes, I agree if you think >500k prop going to be hit very hard (approximately majority of property in KV nowadays is >500k anyways) but low-cost will be stagnant then yes, you should be in DDD camp as well.

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