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

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

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

Why Singapore currency high they sell the properties?

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

Lol. Those Americans I know all still living comfortably.

Look back this post and your post after 30 years from now. You will be laughing why you said so.

Actually I called up most of the agents, its just their stupid trick to price it lower so tat potential customer calls them juz to be informed tat the asking price has been increased...

I believe to ensure the bubble wont pop we need the following conditions.

1) new launch buyers mostly are own stay buyers with good income
2) large pool of tenants with the ability to pay high rent
3) low interest rates

You said price going up bla bla bla........I can still accept.

But the words in bold - very fake. I know first hand very large amount of bank valuation FAR below asking price and agent asking buyer to top up cash. This is a fact and undeniable. Lets just say......fishy. 

Like this is not fair bro. one owner may sell higher or lower than another. so how do you categorize this? I give u one example. I have been looking for a shoplot in one area (not in KV)
Lot A: asking price RM680K, Rental RM3300/monthly

Lot B (next to A only): asking price RM810K, Rental RM3600/monthly

Lot C (in another row but not so far from Lot A and B): asking price: RM600K, Rental RM2800/month

Bank valuation for all stucked at: RM600K.

So how do you categorize this? You will also pening, I guarantee you.

a) If I buy Lot A, would you say the market has dropped? Valuation is still below asking price. 85% loan only. But ROI is at 5.8%
b) If I buy Lot B, what is your comment pulak? Valuation is still below asking price., Same 85% loan. ROI is at 5.3%
c) If I buy Lot C, what is your comment pulak? Valuation is at par with asking price. Same 85% loan. ROI is at 5.6%
Not easy to categorize this part None of the owners are willing to reduce the price because all said rental can cover installment. All are confident that rental can go even higher.so if one would wanna buy, asking price will be transacted price. owner's way or the highway.

Bro, this is not KL as i mentioned earlier -not in KV.

I haven't increased one of my tenant's rental since 5 years ago. Although someone offered to rent the shop for 20% more. All because he is very prompt, and never never kacau/complain even 1 time unlike my other tenants. I will rather keep good tenant than having headache over 20% more rental. To me, it is not worth it.

Boss dun b shy la. I read thru all ur Genneva posts. Really salute la. Not everyone can do a proper calculation and act smart like u. If u r my biz partner, I can sleep well liao.

Lol!!! I guess that for those who fear/ think that prices will continue to rise forever please go buy now... Lol... What better way to expedite the bubble bursting then to make it even bigger... Faster buy... Hehe...

ya..we got lots of young foreign workers here. They contributed to Malaysia GDP too.

Haha I think he is being sarcastic    Compare to Singapore who only take in filthy rich migrants 

Why didn't they hate Malaysian and Indian? These people took their high pay jobs.

Perhaps Governor Zeti has this chart too.

Interesting Read:



Source

Household debt climbing into the danger zone. 80% is red zone.

Yes, but the entire global economy relies on people to take loans and to consume in order to keep the factories humming and people employed and the gdp growth growing....

Funny to think that humanity has reached a point that are able to produce so much that the greatest fear of people is not enough, but so much that people don't want to buy and consume...