Ladies & Gentlemen,
Start your engines....

i vote for up

Again?
Up and Up... Buy now if you haven't!

i bought 1 last year and 1 this early year.

a landed maybe for this year once my company launch.

keep me update ya peri kor..

no problem, location still within vicinity of Selangor but with decent price.

peri kor, i am going to raub this weekend. dropping by bentong to eat some kaw poh ice kacang. where's the site?
kekeke.

Development in Mont Kiara for the last 10 yrs shall be used as yardstick to predict what going to happen in the near future.

Slow down and stagnant for the coming years.

Currently many waiting with cash for bargain hunting. Some smart alec already disposed nearly all gains from last 3 yrs waiting for properties/stock to plunge due to uncertainly after GE13.

Unless global recession hit us like what happen in 1997, which many will be out of jobs, pay cut, factories close down or work half a week, lelong like pasar malam then you get mega sale. So you say you want this to happen or not?

Other than tat, many will hold on to dear job, dear properties, hoping and wishing sky is the limit. While non owners watching and waiting to enter.

Tat's current prediction prior GE13.

we dropped the deal for JV, too far too big.

We are now like dengkil, banting, salak tinggi, semenyih and rawang these few spots which having new link of highways connected. D/S price starting rm300k but modern facade.

if location is good, prices will climb up nicely

UP UP UP for 500k and below condo/aprt, 600k and below DSL, anything beyond that, risk is very high.

don't go so far lah.
shah alam still si beh lotsa land.
punt some near elmina lah.
or better yet, accumulate in selayang, templer or gombak area lah.
am sure it would be faster moving and about the same cost.

According to some... only Tropicana Gardens will UP and will still UP.

HAHAHA. Sarcasm.

I vote stagnant on v7, but still slowly up

Vote for up up n up.

Current trend is down and it's probably going down more.
Subsale seems very slow and asking prices are dropping.

I vote for up. Waiting for the price to be adjusted in hot area is like wishing for miracle. Why? Simple because over the pass few years monitoring I only notice the overall price go up and then different is very obvious. Adjusted of 5%-10% compare to yesterday price will make u happy? I guess no because few years back u probably have better chances to buy it at 50% lower than current price but than at that point of time people already start shouting property pop but then again, is like wishing for miracle to happen. And now look back further even for the past few decade u notice what? Yeah, the cheaper price is always in the pass, not in the future.

peri kor... keep me update also.. haha

i vote UP!

depends on PRU13

For high end stagnate and hopefully minor correction...but maybe a big correction, who knows?

mind to further elaborate? pp keep saying investor stop buy and waiting the GE, but why?

so far neither opposition nor BN plan to introduce new policy to curb the property price!!

car sale market is affected is understandable as opposition plan to cut the tax, why property market is affected by GE result???

This post has been edited by Nikmon: Mar 15 2013, 09:08 PM

Look at the sales at Arcadia. They fail to wait till after GE.

This kind of opinion totally doesn't make sense.

Let's break down. OK?



Miracles do happen!



Past few years starting from when, 2008?

It should! RM1M adjusted 10% is savings of RM100k.
Who doesn't want to save 100k? Even 5% at 500K, the savings is 25K, enough to put downpayment on a nice car.

So far the time machine has not been invented yet. So, you can't go back 20 years to buy a DSTH in USJ for 200K, sorry.
We can only look to the future, which says: the signs are obvious for certain prop sectors, but if you wish to deny, no one can stop you.

Upupup regardless of GE13 result...things n building materials are getting expensive day by day

Depending on their policy changes I may revise my opinion if PR win.

More foreigners will invest if PR win.

Price won't move much before or after GE.... It is wat they implement in the policy regardless which party affecting the prop prices....

I think it depends on location.. If you look at location such as Puchong and Kinara area the price is on high end n it keeps rising steadily.. On the other side places like Alam Impian, Setia Alam and Denai Alam the price is kind of stagnant.. Nt too much of increase or decrease in price in recent times..

+1
As I'm familiar with TmnDesa... Price don't drop during financial crisis, it jus stagnant... However during up market, they jus follow....
However, can't deny.... For any correction, high end Condo of 660k-800k and above could have higher correction possibilities than condo value 660k and below...
Eg.. High end may move around 20-30%, while medium end (600k or less) could move around 10-20%....

This post has been edited by AppreciativeMan: Mar 15 2013, 11:36 PM

Even if correction happens, most probably the so called "Next prime area" might take the biggest hit for DSL while for condo, most of the recent launches might have huge impact.. With the current inflation level, I don't think many ppl could even afford to pay the rental fees and also maintenance fees in future as living cost is going up too fast..

Nt many young ppl/family could afford high end condos.. It's worrying, landed has always been a good investment as in terms of long term appreciation is guaranteed but downside nt so suitable for rental purpose..

The think I hope is The gov control the property price which make more ppl "affordable" is by lowering the BLR rate. If so, win win solution for us. Lol. Stagnant but lower BLR set. More interesting. Hahaha. More ppl will buy for own stay. Wow

It will or should have to go up for vision 2020. Erm, whats vision 2020 again? My memory fails me. How abt this. Instead of pedicting up down.... Lets guess which area, location will go up or maintain, and not crash. It will be a bit more positive and consttuctive. Just rea, no need mention the dev.... Joey yap time.

Hat are you trying to say? Confused@@

Up up 50-100% then market collapses

It is paper money http://biz.thestar.com.my/news/story.asp?f...51&sec=business

Lol. For current situation, as long as ppl still afford to rent, the market still won't collapse as here got many taikor to own those properties lol. Just worried those taxes if flip become higher. What things need to consider ?

Ha ha ha.........this is not gonna happen. We are already at record lows, plus all the banks profitability will take a big hit.

What's more likely is that BLR is gonna increase........

Maabbnnnnnnnn gov. Now like pepper And salt fuesss it stewpit. I side no on ene. Neitherr bn nor bn. Trust yourself.

Global leaders will crash us. They trying to make it a little easier for us. To accept there is one ruler. So 'together', the leaders have already made that decision. To wind it down or crash it so that they (mere mortals)
may learnnnnnnnnnnnnn..... They call it apocalypse.... I call it divine intervention.

+1
Humans hav limitless ability and capability.... Why depend on someone else to spoon feed u? Go use your time, effort and energy to find better solutions.
'If there is a problem, there is a solution. If there is no solution then that is not a problem, it's a fact.'
So stop worrying and be happy....

Yes b happy ... Lol

Bila nak vote...........? Boring nih

Malaysian... Not malaysia.... BOLEH!

http://biz.thestar.com.my/news/story.asp?f...51&sec=business

Seriously guys.. How does this affect us? Wanna learn. Rq

Can the olden times rules be apply to the future if there is a financial crisis happen in the future?
During olden times, there are no speculation on properties ... but due to the cheap money, many people (local & foreigner) have turn into speculator and renting business which cause the properties price to sky-rocket.

i really think this thread needs a poll... so we can gauge how many up camp and down camp for every version...

Sure price wont drop ?

http://www.propwall.my/classifieds/965722/...e-by-kitty-chan


seems 2013 price is lower to me.. at least for subsale

Mayb some locations but can't b used to judge the overall market situation.. But wat surprised me in recent days is, some of the agents told me tat the price is at the highest/peak so u might want to hold off for a few more months n some told me tat the price has appreciated way to fast in last 1-2 years so if u buy now n if the market crashes then it's not gone end gud for u... So some asking me to monitor the price and some told me to avoid buying now...

I find this couple of agents quite honest in their opinion and they seems to be very professional, quite hard to come across tis type of agents now days..

This post has been edited by all blacks: Mar 16 2013, 03:56 AM

Sure drop or no drop nobody will kno.
But if u sees only 1-2 prop differ in those website it doesn't means a drop....
Eg 2009, prop A bank value 700k, advertise selling at 1M....
No buyer.
2012, prop A bank value 750k, advertise selling at 900k.
Above scenario consider price drop or no drop???

Once Singapore drop M'sia FX reference rate. What will happens?

this is very interesting question.

asking price is something the seller has on it mind, doesn't always means its the reality.
i would determine it base on the average transacted price in 2009 vs 2012.
if no transaction happen, then i would take the bank value, 700k vs 750k in this case, its a rise to me.

That article what's mean? Very confusing and lengthy. Haha

I think it means singapore no longer fix its myr ex.rate, hence shifting myr demand afloat outside sg? It may be good if correct.. Dunno.

I vote for stagnant/down within next couple of years, & then back up in the longe term as normal

Means 1 sgd change to more ringgit? Like that we untung ma

Oh....if that's the case than soon you will see Singapore ppl starts to sell off Malaysia property

IMO, coming the year are moderate. If you do a chart for yourself you will get actual result.

Sales of market trend down. Transaction moderate.
Market value still up (for new property).

New property up but subsale will slow.

Why Singapore currency high they sell the properties?

Now is 2.5 RM over 1 SGD, if lets said 4 over 1 SGD after impact
Imaging, what you pay for the building for before was RM800k which is SGD 320k, now when you want to sell it after impact, your house is only SGD 200k. Will the investor love it?

Our props are damn cheap to singaporeans man. I feel like shit due to this. Huhu

http://biz.thestar.com.my/news/story.asp?f...13&sec=business

Yeah...and our property are even cheaper for singaporean after that but still up or down. We dunno.

I vote up too, but some friends here insisted there will be a big big bubble going to burst very soon.......

Anybody have any figures on the development year 2012 vs year 2013? Seems like new development and new launches are really slow most likely due to the tightening by BNM.

What's I'm afraid if they close the pipe too tight, later on the props in 2015 where i think it would be stable by then might turn out the be other way round due to the high demand and low supply scenario.

Why auction and new launch still hot but sub sale so slow How average home buyer think, isn't a sub sale now is more worth where price alway cheaper and ready for move in. Why why why....

This post has been edited by Nikmon: Mar 17 2013, 11:15 AM

Sorry but isnt it newly launched is usually cheaper? Once u get the OC the subsale price usually increase...

So far what I can see is subsale price is higher... thats why new launches hot hot hot!

May I ask your friend when was the last time we have property bubble in malaysia and ask if the price stayed down even if there is bubble?

what's happening in Cyprus is scary to whole E.U. Not a good sign to the world economy and could be contagious.

One of them said the price might drop by half.....some more he is a lawyer.

Boss, you post this hoping someone would answer but I'm sure you know already right?

New launches - low initial cost (low downpayment, DIBS, other discount, pay only interest before completion, etc)
Subsale - high initial cost (10% downpayment for most cases, immediate full monthly installment, renovation costs, etc)

Obviously most people falls under the category who prefer low initial cost, no? Go in low, go out high ma...

You are right. There are plenty of new launches with minimal down payment, some even 0%

If drop half, many contractors and developer will makan rumput or else properties being sapu or shot by investors

Maybe it has been discussed. How will GST be affecting property sale?

Let's say if got a property wanna sell out, what are the things need to be consider? For the buyer and seller, or else I also not clear what are the benefits/ disavantages for the articles @@

Yea... I think you better ask your lawyer friend when in malaysia history got property bubble....

Well, given the benefit of doubt... if there is really bubble happening in the past, did the price recover after that?

Key word is location... for good location I doubt it will drop to half of that value...

Cyprus is not malaysia... who knows ppl in msia damn rich with lots of savings... even if the price drop in half... ppl will just keep...

Never say never... but I doubt property in msia will be hit hard... even in 1997... the property price has already recovered and is on positive earning region...

Haha, I purposely put homebuyer not investor, unless all the new launch was acquired by investor, but I believe there are some buy for own stay in new launch. maybe some heme buyer may reply why they willing to wait 3-4 years and pay premium.

Our household debt is at it's highest and one of the highest in the world (if compare to disposable income).

When BNM increase interest rates, then we can see many lelongs..

If so, BNM won't simply increase the BLR or else will see many lelings cases and chaotic situation perhaps.

Just because it never happened before doesn't mean that it wouldn't happen.

Just ask the Americans during '07.

They probably asked the same question just before the prices collapsed.

I agree that location is key. But during a downturn all props drop, just a matter of much only.

But if there is a bubble (which I think there is...) and it pops...the question would be how severe and how bad.

BNM won't increase because the Feds won't increase and more importantly, the Chinese won't increase the value of their yuan....

While sticking the fact that unlike but not impossible principle, right now the world is racing to the bottom in terms of money printing and interest setting...

If BNM increases the interest rate above inflation rate, I wouldn't even bother investing and put everything into FD...no need headache....

When in Malaysian history:

a) Did property increase 40-50% in just a few years (2009-2012)?
b) Did you see so many speculators rushing to queue to buy property?
c) Did you see so many "For Sale" signs right after a certain property VP?
d) Did you see so many "Bank Lelong" signs on traffic lights, lamp posts, forums, everywhere?
e) Did you hear of so many ordinary working joe taking loans to own 4, 5, 6 or even 7+ properties? Not business tycoon mind you, ta kung zhai?

Even in 1997 most people will tell you they didn't see so many "Bank Lelong" signs, despite many people having their house possessed by the Bank.

Draw your own conclusions lo.

Just because it never happened before doesn't mean that it wouldn't happen.
~copy from a lawyer~

Not sure up or down after election. Hope will up further which means the economy is good. But that also mean more money needed to buy a house.

If can wait of cause wait until price down to bottom. Just in case its the other way round then just have to accept it.

Recent launches don't see any cheap price. But subsales are not doing very good at certain area. However, there are areas that can't be valued due to its super prime location. Some houses in TTDI are already too expensive but still no one selling. Not sure why.
I'm planning to buy a small size SoHo to work and live there. Any recommendation? Subsales better or new launch???

Reckon arcadia SoHo is not bad. But size is a little bigger than I wish for.

New launch soho at subang height, 450sf, 230k

any ways to measure how many mortgage debt is with non BLR? That will highlight the risk rate...

ok la...when i read the reply...didn't really answer my question...but looks like your lawyer friend trying to imply that the property bubble is happening now, but did not happen in the past at all... well, until it burst... we won't really know if this is a bubble or not...

my main point here is if you can buy and hold over the years...long term... bubble or no bubble...it should be alright as the price sure UP... when you buy the property at the right location...

good points for discussion anyway...i'll try to open my eyes more for the questions you posted below...still haven't really observed much Bank Lelong signs around and For sale, there's always the subsale going on...

Subsale market is at least 2x of primary market (by 2012 total sale). It translates to over 65% of the market share.

No matter how well the new launches may portray, it is less than 40% of the total market.

A slowdown of the subsale is a big enough signal to be more cautious. To no avail drilling on the ox horn point.

To be fair, I don't think previous property bubbles were built on the back of debts so much as the current situation.

I agree that for period of 20 yrs or more.......you should be okay (maybe) but if you see the current market situation is so overheated, it may be worth your while to wait for awhile and buy in at a lower price - particularly for condo. For landed, still should be okay over long term.

People are waiting for post election , hoping for cheaper sub-sale after election.

PR1MA program also reduce the house subsale. Everyone is hoping they are the lucky one that get the PR1MA... A new house at cheaper price...

This post has been edited by moon yuen: Mar 18 2013, 12:54 AM

If the house is new / just get OC & under warranty... It will get good demand, higher than launch priec

But, a lot of subsale is not new ... more than 5 years, OLD DESIGN. no longer warranty.... Crack here & there, water leak bla bla ... People don't like to buy house tht have problems....

But even for new ones, I wonder how many ppl can afford those.. Just try searching for Qaseh kinrara... I wonder if we really have tat many ppl who can afford those 1 mil++ sub sale units..

Quite a number of new landed properties being listed almost everywhere... Curios to c on the outcome.. Bcause almost all the units price are 200K -350K more than launch price..

frankly, KL a lot overpriced...but, how ??

Loan ma, Parents + children + siblings, all combined maybe can buy a landed house lo

But my question is this, should the worst occurs and we experience what the Americans experience during the '08, even thou you have holding power but your props are 30-40 percent underwater, how long must you wait for the prices to even return to the level you bought, much less increase, if it ever does.

For example, some houses in the us never went back to the level it was first sold during the bubble.

Part of a generation of young people in Malaysia will suffer (financial) death by DIBS if the new property launch party continues unabated a couple more years. The late stayers, the late comers and the serial party goers. A speculative generation leveraged to the hilt, never ever having faced extreme adversity, not appreciating debt (and its provider, the bank) is a four letter word that will bite you in the behind when you are down.

The developer, having sold, built and completed his highrise project within 3/4 years, washes his hands and moves on with his fat profits to the next project. He knows he's home free. The face off is between the property buyer/borrower and the bank until the 30/35 year loan is repaid. In a meltdown, banks will look after themselves first. Who's going to look after you?

bingo!

the moment S&P concluded, developers taichi-ed to buyer and lenders.

good point, i have also think of that before...

if you look at US case...it is worse as any ah beng, ah kow, muthu and ahmad can get loan...that is really a big bubble happening cause the buyer's financial is not stable at all...

but on the other hand, the banks here at least are not giving free money away.... in fact yesterday, i just heard from an agent that there are loans getting rejected...well...i don't know if the agents are telling the truth or not but i don't see any reason why the agent want to lie to me about this...

so in my opinion, we can't compare this to the US case...US ppl not much savings...but in Malaysia, lots of ppl got savings and backup... maybe not all but i'm sure we're better off than US....

until that happens in Malaysia, i mean about the dubious loans scheme to anyone...i won't compare this to US... but good point brought up by you to take note of...

I think we need to be clear on a few things. Firstly, property will rise and fall in accordance with cycles. It wont be down forever and neither will it be up for good. There is no question about IF a slump happens. What's more of a concern is the extent of the fall when it does happen.

Right now the concern is mainly in 2015/2016 when about 35,000 residential units come into the market here. How many of purchasers today have the financial muscle to withstand a slump when they get VP of their units? How many can afford to continue paying monthly installments when they can't sell, refinance or rent out their property?

Look at the new developments which have obtained VP in 2012/2013. Look at how many are on sale or waiting for tenants. Its actually shocking. Look at Solaris Dutamas for instance. Despite having Publika below which is doing quite well, there are many original owners who cant sell or rent out their units. The last i checked, there were >500 units for rent and many have been empty since getting VP. Is the actual occupancy even 50% now? Just drive by at night and ull see. And thats a similar sight at many of the new developments.

So the question here is, if this is the state in 2013, what can we expect in 2016 with even more expensive properties? What are your thoughts?

the argument is the usual mysians are rich, can pay, just keep, got backup.... i doubt it - i think most prop buyers today are 'cepat kaya" type. if no profit coming soon, they'll dump and run off! the reality is that hasn't happened yet.

if the trend of subsale market continues for couple more years, many on the subsale market give up. compound that continued buying of new at record prices. the trigger for a corrrection in both subsale and new launch prices most likely will be just that.

There are many deep pocket investors out of your imagination. I recently viewed a few "brand new" condo unit (out of 30+), with electric wire still hanging on the ceiling, but the condo had been VP and tenanted for more than 6 years.