Let work together push it higher.

Calculation looks fine but assumption that household consists of one person may not be true... .... Nice try though... Lol!!! Buy buy buy tomorrow prices going up... Hehe

Does it make a difference in the calculation answer on different number of ppl???
Nice try.....

Of course it does... But lazy want to explain la... Wasting my time lol!!! Buy buy faster buy... I'm hoping prices go up further and people buy more... Hehe...

Agree. Me also didn't care much about that data. But this is a road that we have not taken before. This alone enough to get my attention.

Yes, many economy data is not reliable but which one? At least there's no incentive to report thing like debts figure.

As a hobby in economics, I never trust GDP, CPI and any kind of forecast. But I do look into things like power consumption, debts, bond yield, trade data, ....... This info is not easy to manipulate as there is always a counter part available to cross check.

I need such info in timely manner as it help me in my investment other than property..... a lot of them I have to buy in from my own pocket....

You worry too much, bro

A coincidence story to share.

just chat with 2 different clients today as they still have some properties to off loading. Their props have been in the market for quite a while, I would categorized them as mansions due to the massive built up.

We shared our amazement about the boom property market recently that provide a once in a life time opportunity (we though so) to make tremendous profits selling at today's market (both of them over 50, most props bough min 6, 7 yrs ago). They are not DDD type (never indicate or say so) but I know for sure they sell more than buying recently. At the end of the conversation, both gentlemen felt owing his gratitude to the optimistic market that without it, they aware will never able to make such a handsome and easy profits which according to them, far greater than operating their own business (in percentage wise) minus headache and sleepless nights.

** both clients are already "on the shore" (not from property la), to be fair of sharing the stories. This is not a rare occasion, I meet quite a number of such seasoned businessman and investors with similar attitude to the current markets. No intention to prove who's right who's wrong, just to share as I find it quite amazing myself **

Then tell me whats going wrong in Solaris Dutamas? The small units are as vacant as the bigger ones.

Abang, Developing country have more spending power

sure or not?

My personal opinion,
1. Location
a. this place not really in Mont Kiara zone.
b. too near to the gov offices where u sees thousands of dispatch and others passing the place...
c. u think expat likes Mosque?
d. access, the easy access is from Jln duta, Jln Kuching side.... Although is so near to MK, but getting there through MK is not convenient at all...
2. Project - it hav quite numbers of small size units there.... So it's definitely competitive...
Lastly, I don't see the retail there is doing well in the day......

This post has been edited by AppreciativeMan: Mar 25 2013, 10:48 PM

er...sure or not?

Depending on the election, Malaysia's growth story still has alot of room for expansion.

When consumption increases, GDP increases. One of the best way to increase consumption is via Debt money. Developers will join in to woo more people taking debt money. The challenging part is to woo the Mass Bumiputera segment... and is pretty high credit risk as well.

Malaysia generally (not just KL) is alarmed with high supply rate vs demand rate now. Somebody needs to do some checks.

Btw more projects are coming... (a new list of upcoming 20 more projects just arrived onto my hands... will post the threads when more info - i.e. a new apartment project near Jalan Imbi and today's announced TRC-Prasarana Soho, condo, shopping mall project in Ara Damansara)

This post has been edited by accetera: Mar 26 2013, 01:37 AM

What I got is:

- There are over 60 active projects on mall alone in KV which is going on now ex. those in the pipeline (approval obtained)

- In JB/Iskandar alone, again stress, not Johor, JB/Iskandar alone! The approval in pipeline is nearly 100. I didn't believe initially but the guy is an AR based in JB. later on, came across a friend who recently venture into small project nearby and doubt the figure. He said it is under-counted. Then when I speculated it must be helped by Singaporean, he refuted it and said most buyers are Johorean. Singaporean buyers said him, not that many as commonly believe..... though both statement is from the street, not statistic. but the euphoric feeling is strong felt.

looking forward to the TRC project write-up.
Thanks for sharing.

wow....

this is the best comment for me in 2013 in property lowyat.net

In some ways true.

Judging by the crisis hitting Europe and the US, we middle class Asians actually have it better than than them.

Just like leading and lagging indicators, the effects are lagging on us... In a way, its advantageous to us that precautionary steps before we experience the same as the developed countries. However, bolehland being bolehland lol... you know I know enough la...

Developing countries more spending power... LOL!!!! Aisey... really need to invest in education man... LOL!!!!

This post has been edited by Rooney1985: Mar 26 2013, 08:43 AM

140% is way too high.

Have a look here.

The debt service ratio is very high at 47.8% in 2010.