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

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AVFAN
post May 20 2013, 06:44 PM

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QUOTE(joeblows @ May 20 2013, 06:25 PM)
You can increase your price 100% also if you want.

Can't afford is can't afford lo. Especially if people salary do not increase 7%.
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this is where i find it strange that so many say inflation up, tax up, duties up, people will still buy everything like nothing happens!

if and when this 7% or 10% gst strikes, we'll see some shops and restaurants, even eateries closing down. possibly some offices and small factories.

but people will still rush and pay higher and higher for properties?

ok, maybe it's also "can afford is can afford"! tongue.gif

This post has been edited by AVFAN: May 20 2013, 06:52 PM
AVFAN
post May 20 2013, 07:29 PM

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QUOTE(EddyLB @ May 20 2013, 07:06 PM)
Current service tax for restaurant is 6%. Proposed GST is 4%. So, if GST of 4% is imposed, eating in restaurant is in fact cheaper ! I supposed they have more business and make more money instead of closing down ?  laugh.gif

Small eateries is exempt from GST just like the service tax now so they are not affected

Factories and manufacturers are not affected as GST only affects the end users. Factories can actually claim back GST they paid to their suppliers. The only concern is whether their supplier will mark up first before charging the GST
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like that, they shud have done it long time ago - cheaper food, better biz, factories no effect. so, people can keep buying higehr price home?!

i have a simple view only - any incremental gomen tax or duty anywhere will eventually show up on our all our bills, incl food, utilities, services and homes. question is yr priority - with yr income where would you spend more or less it - a new home, a new car, medical, food or education for yr kids.
AVFAN
post May 23 2013, 01:21 AM

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QUOTE(kh8668 @ May 23 2013, 12:06 AM)
The houses will be part of a township comprising 2,090 houses in total, to be launched by 2016. It will be the company’s first major township in north Klang, said Sime Darby group COO Dato’ Wahab Maskan at the launch. The project was launched by Prime Minister Datuk Seri Najib Tun Razak.
Najib with top management from Sime Darby.

Sime  Darby also touts Bandar Bukit Raja as the next township destination in this region. It is located in close proximity to Jalan Meru, Klang Sentral transportation hub, Setia Alam, and established industrial mixed developments.

bandar bukit raja started in 2004, almost 10 yrs lor!

AVFAN
post May 23 2013, 01:27 AM

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QUOTE(37 Exposures @ May 23 2013, 12:56 AM)
Build up 1,310 and 1,380 sq ft for DSL  rclxub.gif 
Is that good?
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built up is small.
probably 8 ft land at the back or long car driveway or more like "1.5 storeys"?
on a psf built up basis, it is not cheap at all.

but at <400k, can la... thousands will ballot for it, i wud think.


if not mistaken, there is another 6xx units planned in the same area, similar kind of dsl but is not pr1ma, price probably 500k, bigger built up.
AVFAN
post May 23 2013, 01:28 AM

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QUOTE(kh8668 @ May 23 2013, 01:26 AM)
normal for 18x65 land size. haha

better than none. same size in setia alam goes for 350-450k now.

this one 2016 launch only, more than market news.  shakehead.gif
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as per last plan i saw, think these are 20x70, no?
AVFAN
post May 23 2013, 01:32 AM

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QUOTE(Selectt @ May 23 2013, 01:23 AM)
avfan, wat do u think of current bandar bukit raja landed? this certainly affects current landed there.
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in the bbr thread, you can tell most flippers are gungho, high profts expected, even now.

to my knowledge, cap appr for smaller units is reasonable, but subselling is slow in the whole area.

big units, same non gng - tougher, i think.

This post has been edited by AVFAN: May 23 2013, 01:33 AM
AVFAN
post May 24 2013, 01:24 PM

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the individual spats aside, here's another warning to the debt problem in boland.

prices keep rising, keep borrowing, no problem...?

QUOTE
Growing consumer debt puts Malaysia’s economy at risk
http://www.themalaysianinsider.com/malaysi...conomy-at-risk/

AVFAN
post May 25 2013, 12:35 PM

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QUOTE(tikaram @ May 25 2013, 11:13 AM)
Evidence from Malaysia” – says a “structural transformation to modernize service trade could pave the way for Malaysia to become a developed country.”
But it warns: “While other developing countries are reaping the benefits of globalization of services, Malaysia has yet to take advantage of this phenomenon.”
Thne incoming government has plenty to think about.

no surprise...
lower and lower edu stds
less and less fdi
more and more brains told to go away
more and more legal and illegal immigrants
more and more cash handouts
more and more debt

it's possible to keep going for some years by pumping more oil and gas until they dry up, i.e. go back to 3rd world economy.

meanwhile, building and speculating props might still work for some time!? tongue.gif
AVFAN
post May 25 2013, 06:05 PM

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QUOTE(accetera @ May 25 2013, 05:38 PM)
According to latest numbers by MIDA, FDI inflows jump 90% y-o-y to approx. US$6 billion in just 1 quarter (3 months).

FDIs in these computations is not the capital inflows that our stock market received (which is even more robust).

Malaysia is also looking at a record-breaking year for foreign exchange reserve as well as tourist arrivals (mainly middle incomers from ASEAN, China, India, Saudi Arabia and South Korea).

Was at a conference lately and apaprently they say more than 470 global MNCs pledge to invest and re-invest in Malaysia (say only).

Amongst them are Cargill, my employer Schlumberger, Standard Chartered, Technip, BASF, Emerson, Siemens, Novartis, Huawei Technologies, The Linde Group, Tesco, Hennes & Mauritz, Finmeccanica, Intel, BMW Malaysia, Citigroup Transaction Services, Flextronics, JP Morgan Chase, General Electric (mainly Oil & Gas division), Capitaland (new project in KL?), Panasonic, Foster Wheeler, British Telecom, AEON & Co., CMA CGM, AECOM, Dairy Farm International/Jadine Matheson (will unveil a new retail venture for Msia), etcccc
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u trust mida?

i rather read foreign reports!

QUOTE
"Despite an overall 7% decline in FDI inflows to the ASEAN, some countries in this group of economies appear to be a bright spot: preliminary data show that inflows to Cambodia, Myanmar, the Philippines, Thailand and Viet Nam grew in 2012," Unctad said.

user posted image
user posted image
http://www.rappler.com/business/20339-fore...rowing-in-asean

AVFAN
post May 29 2013, 07:07 PM

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QUOTE(tikaram @ May 29 2013, 11:44 AM)
A huge RM43 billion problem over non-bank lending

A major problem is brewing in the financial services sector— specifically through the lending of development financial institutions (DFIs), non-banking financial institutions (NBFIs) and credit cooperatives. This is in the form of a near two thirds increase in personal financing last year by these non-bank institutions to RM43 billion last year.

now, add this new warning:
QUOTE
Malaysia’s stock market rise points to a bubble
http://www.themalaysianinsider.com/malaysi...ts-to-a-bubble/


"d-day" may be closer than some of us think.

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