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

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zuiko407
post May 23 2013, 11:19 PM

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QUOTE(tikaram @ May 23 2013, 10:02 PM)
See everyone?
See how jeolous uuu toward Ddd can get fire sales
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I'm waiting someone here to announce when they get a cheap stuff, otherwise they're only shiok sendiri.
Where got cheap stuff nowadays?

matt0618
post May 23 2013, 11:30 PM

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QUOTE(terryble @ May 23 2013, 11:57 AM)
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 event continues, the dooms day wont be very far off.

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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Impressed by your comments and thanks for sharing...
Can see that there are plenty of new projects were launching in these years....especially 2013 (High end condo + landed house more than 50+???). Foresee that, in 2015-2016 there will be thousands and thousands of units being released to the market but I doubts how many of them are gonna be occupied. Having said, supply > demand is a must in next few years.

However, I bet many peoples have predicted this to be happen indeed since few years back yet the property price still grows up crazy. Besides the external demand, I believe it is because nowadays more and more youngster are educated and having stable career which support them afford to get loan and buy/invest in property. Say every year how many students graduated from Uni? mostly they are white collar with satisfying salary after work in 3years. Thought mostly i guess the salary might limited, it still affordable to survive even to support them to get loan in buying a property either for own stay or investment. Additionally, in case the individual's current pay is insufficient to get such amount of loan, his/her partner is able to join as applicants to make it happen. Some more don't forget mostly of these youngster stay and work at KL and therefore it explained why the demand is more than expected.

I agree with you that the property price will at least maintain or grow at reasonable rate. But for me, I wouldn't say the property bubbles is gonna happen so soon unless there is a economy crisis that make everybody lose their job or natural disaster happen.

Anyway, I am a newbie just start interested in property topic lately two weeks. Appreciate if you can share more your thoughts thumbup.gif
I have just booked a unit at CloudTree @ Cheras last two days and I need more advise.... icon_question.gif sweat.gif
zuiko407
post May 23 2013, 11:39 PM

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QUOTE(matt0618 @ May 23 2013, 11:30 PM)
Impressed by your comments and thanks for sharing...
Can see that there are plenty of new projects were launching in these years....especially 2013 (High end condo + landed house more than 50+???). Foresee that, in 2015-2016 there will be thousands and thousands of units being released to the market but I doubts how many of them are gonna be occupied. Having said, supply > demand is a must in next few years.

However, I bet many peoples have predicted this to be happen indeed since few years back yet the property price still grows up crazy. Besides the external demand, I believe it is because nowadays more and more youngster are educated and having stable career which support them afford to get loan and buy/invest in property. Say every year how many students graduated from Uni? mostly they are white collar with satisfying salary after work in 3years. Thought mostly i guess the salary might limited, it still affordable to survive even to support them to get loan in buying a property either for own stay or investment. Additionally, in case the individual's current pay is insufficient to get such amount of loan, his/her partner is able to join as applicants to make it happen. Some more don't forget mostly of these youngster stay and work at KL and therefore it explained why the demand is more than expected.

I agree with you that the property price will at least maintain or grow at reasonable rate. But for me, I wouldn't say the property bubbles is gonna happen so soon unless there is a economy crisis that make everybody lose their job or natural disaster happen.

Anyway, I am a newbie just start interested in property topic lately two weeks. Appreciate if you can share more your thoughts thumbup.gif
I have just booked a unit at CloudTree @ Cheras last two days and I need more advise.... icon_question.gif  sweat.gif
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Good for u to take action right now rather than just keep waiting and waiting, some people been waiting since 2010 till now still got nothing

This post has been edited by zuiko407: May 24 2013, 09:52 AM
joeblows
post May 24 2013, 12:32 AM

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QUOTE(AMINT @ May 23 2013, 09:56 PM)
So? That doesnt prove anything.30% cheaper could be anything. I recently bought at 22% discount. Still doesnt prove anything.
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Since you bought at 22% discount, perhaps you can recommend to your buddy zuiko.

Very lazy to layan him everyday begging people to recommend him "cheap stuff". Not that I don't have, even got projects selling near launch price after completion but we all know he is just NATO, surely will have 1001 excuse like "this project not good blah blah". tongue.gif
SUStikaram
post May 24 2013, 08:18 AM

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QUOTE(joeblows @ May 24 2013, 01:32 AM)
Since you bought at 22% discount, perhaps you can recommend to your buddy zuiko.

Very lazy to layan him everyday begging people to recommend him "cheap stuff". Not that I don't have, even got projects selling near launch price after completion but we all know he is just NATO, surely will have 1001 excuse like "this project not good blah blah".  tongue.gif
*
I just finished that person.

now? harimau yang tak ada taring whistling.gif




rachel_xxx
post May 24 2013, 08:25 AM

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QUOTE(matt0618 @ May 23 2013, 11:30 PM)
Impressed by your comments and thanks for sharing...
Can see that there are plenty of new projects were launching in these years....especially 2013 (High end condo + landed house more than 50+???). Foresee that, in 2015-2016 there will be thousands and thousands of units being released to the market but I doubts how many of them are gonna be occupied. Having said, supply > demand is a must in next few years.

However, I bet many peoples have predicted this to be happen indeed since few years back yet the property price still grows up crazy. Besides the external demand, I believe it is because nowadays more and more youngster are educated and having stable career which support them afford to get loan and buy/invest in property. Say every year how many students graduated from Uni? mostly they are white collar with satisfying salary after work in 3years. Thought mostly i guess the salary might limited, it still affordable to survive even to support them to get loan in buying a property either for own stay or investment. Additionally, in case the individual's current pay is insufficient to get such amount of loan, his/her partner is able to join as applicants to make it happen. Some more don't forget mostly of these youngster stay and work at KL and therefore it explained why the demand is more than expected.

I agree with you that the property price will at least maintain or grow at reasonable rate. But for me, I wouldn't say the property bubbles is gonna happen so soon unless there is a economy crisis that make everybody lose their job or natural disaster happen.

Anyway, I am a newbie just start interested in property topic lately two weeks. Appreciate if you can share more your thoughts thumbup.gif
I have just booked a unit at CloudTree @ Cheras last two days and I need more advise.... icon_question.gif  sweat.gif
*
after work in 3 years my salary still rather depressing and i am white collar. guess i am the minority then.
rachel_xxx
post May 24 2013, 08:30 AM

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QUOTE(zuiko407 @ May 23 2013, 11:19 PM)
I'm waiting someone here to announce when they get a cheap stuff, otherwise they're only shiok sendiri.
Where got cheap stuff nowadays?
*
I believe many investors like to shiok sendiri. Once purchase, that place will be the best, heaven on earth.
If turn out not as per their expectation (hard to rent out, once vp cannot value x2 their purchase price), don't you kacau and undervalue my place. if eventually still the same, that place is hell.

This post has been edited by rachel_xxx: May 24 2013, 08:32 AM
AMINT
post May 24 2013, 08:35 AM

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QUOTE(tikaram @ May 24 2013, 08:18 AM)
I just finished that person.

now? harimau yang tak ada taring whistling.gif
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Is that how u finish a person? Hahah. Funny. Ur words dont carry anything la bro.
zuiko407
post May 24 2013, 09:51 AM

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Well, still no one can prove that they get something cheap, 200psf? 300psf? 350psf?
Nvm, they can just wait and live in their own world..
zuiko407
post May 24 2013, 10:00 AM

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QUOTE(joeblows @ May 24 2013, 12:32 AM)
Since you bought at 22% discount, perhaps you can recommend to your buddy zuiko.

Very lazy to layan him everyday begging people to recommend him "cheap stuff". Not that I don't have, even got projects selling near launch price after completion but we all know he is just NATO, surely will have 1001 excuse like "this project not good blah blah".  tongue.gif
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The 2 storey link at damansara jaya that u targeted, drop from 850k to 700k yet??
Pls update & share
Thanks & regards
zuiko407
post May 24 2013, 10:43 AM

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QUOTE(tikaram @ May 24 2013, 08:18 AM)
I just finished that person.

now? harimau yang tak ada taring whistling.gif
*
Mr tikaram,
Honestly, among the down camp, you're the most difficult person to catch and understand your direction, u keep telling price drop in this topic but in other topic, u keep buying, surveying and keep telling some new launch are good/bad! The most funny is you always thought that all your purchase is superb, ichiban!
Unlike other down camp, their direction is firm, they really hope that price will drop and they wait.
I always curious that u actually own nothing and just enjoy in the forum or u really purchase some!!
Anyway! U make or don't make money, stay under the bridge or bungalow, non my business. Enjoy your life, cheers
AMINT
post May 24 2013, 11:04 AM

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QUOTE(zuiko407 @ May 24 2013, 09:51 AM)
Well, still no one can prove that they get something cheap, 200psf? 300psf? 350psf?
Nvm, they can just wait and live in their own world..
*
I bought in nadayu 92.. Semi d. Just sharing
zuiko407
post May 24 2013, 11:07 AM

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QUOTE(AMINT @ May 24 2013, 11:04 AM)
I bought in nadayu 92.. Semi d. Just sharing
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The 3 storey super link is it? How much?
AMINT
post May 24 2013, 11:10 AM

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QUOTE(zuiko407 @ May 24 2013, 11:07 AM)
The 3 storey super link is it? How much?
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If not mistaken rm900k++. Only semi d got sizeable discount currently. I bought another 2.5 storeys link besides the semi d. The future is there. Dijaya tropicana heights is beside it and kajang 2 with shopping mall, mrt, international school etc. Probably may interest u as well bro.

This post has been edited by AMINT: May 24 2013, 11:14 AM
SUSworgen
post May 24 2013, 11:11 AM

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QUOTE(zuiko407 @ May 24 2013, 10:43 AM)
Mr tikaram,
Honestly, among the down camp, you're the most difficult person to catch and understand your direction, u keep telling price drop in this topic but in other topic, u keep buying, surveying and keep telling some new launch are good/bad! The most funny is you always thought that all your purchase is superb, ichiban!
Unlike other down camp, their direction is firm, they really hope that price will drop and they wait.
I always curious that u actually own nothing and just enjoy in the forum or u really purchase some!!
Anyway! U make or don't make money, stay under the bridge or bungalow, non my business. Enjoy your life, cheers
*
Worst part is he still hiding inside ddd camp. He got extreme low integrity. Even after get caught, still in denial mode. Amazing wat a human character he had. But we do enjoy the way he monkeying ard.
SUSworgen
post May 24 2013, 11:14 AM

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QUOTE(tikaram @ May 24 2013, 08:18 AM)
I just finished that person.

now? harimau yang tak ada taring whistling.gif
*
Pls upgarde ur human integrity. Your talk and action goes diff direction.
zuiko407
post May 24 2013, 11:17 AM

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QUOTE(AMINT @ May 24 2013, 11:10 AM)
If not mistaken rm900k++. Only semi d got sizeable discount currently. I bought another 2.5 storeys link besides the semi d. The future is there. Dijaya tropicana heights is beside it and kajang 2 with shopping mall, mrt, international school etc. Probably may interest u as well bro.
*
Sound good bro
SUSworgen
post May 24 2013, 11:43 AM

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QUOTE(Dern @ May 23 2013, 11:02 PM)
at least he is not a hooker mah, or always searching for backside one. you sure you understood ? later make silly statements again...
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Back to ropuc but you always say only, no action. If yes, any advice on property, stocks, option, gold, lynas, mutual fund, or anythings for investment other thn fd. Tq in advance.

P/s: pls dont fail us again.
terryble
post May 24 2013, 12:14 PM

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QUOTE(rachel_xxx @ May 24 2013, 08:25 AM)
after work in 3 years my salary still rather depressing and i am white collar. guess i am the minority then.
*
No worries, you are definitely not the minority, im quite sure a lot of "US" are following your steps~~ i've been working for 5 years+ and i am also quite frustrated with my pay~~

Salary just cant chase up with the property prices~~even the loan is extended to 40 years or until u are 70 years old~~

This post has been edited by terryble: May 24 2013, 12:16 PM
SUStikaram
post May 24 2013, 01:03 PM

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QUOTE(zuiko407 @ May 24 2013, 11:43 AM)
Mr tikaram,
Honestly, among the down camp, you're the most difficult person to catch and understand your direction, u keep telling price drop in this topic but in other topic, u keep buying, surveying and keep telling some new launch are good/bad! The most funny is you always thought that all your purchase is superb, ichiban!
Unlike other down camp, their direction is firm, they really hope that price will drop and they wait.
I always curious that u actually own nothing and just enjoy in the forum or u really purchase some!!
Anyway! U make or don't make money, stay under the bridge or bungalow, non my business. Enjoy your life, cheers
*
u refer to my today post on the klang and the kajang?

are not joeblows prove u wrong?

why never learnt?

offer me something as a reward for the challenge so that i can scan the confirmation. after that everyone can judge if i bought or not.

if not, please don't talk kok here.

see the attachment how i finished amint? i hope u have steel ball.

This post has been edited by tikaram: May 24 2013, 01:10 PM


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