almost any property owner who bough his before 2008, is almost certain to make handsome profits selling it anytime from 2010 till now. No knowledge is needed. NONE. Even idiot can do it as long as he knows how to sign.

That's the best bubble sign.

http://www.bbc.co.uk/news/business-21826176#

For today's reading... still going up for China...

this unit bought direct from developer and the agent was appointed by the developer to sell the unit...

i am not sure if the developer kept the unit previously to try gain more profits...or maybe the developer now needs cash and decided to sell...or there's something wrong with the unit...i really have no idea.... and i don't care as i'm not the buyer...hehe...

Your 1 experience is probably a coincidence. In my experience (and i have invested in a few properties), is that banks valuation will never be the same as the asking price if ure talking about ppl who value the properties correctly. Banks can only match asking prices if asking prices are slightly below market prices. We all know that even though banks know prices are higher but they might evaluate lower to reduce their risks. Back in 2009/2010, banks were valuating mostly according to asking prices but since 2011, they have become very cautious. Even for me with stable finances, i had a problem purchasing a property in 2011. Only CIMB managed to match the asking price.

if they further strict lendings, they might afraid that our economy might head into recession as the global economy outlook seems not promising. If they maintain low interest rates, inflation might shoot up especially the property price.

I would suggest on restricting the loans. Shoot up the interest rates before it crashes further in the future. Just my 2 cents..

the bigger the %, the higher the dilemma. US have similar issues and also most of the countries right now.

well... bnm says suck it boys and girls... prices rose 11% in 2012 vs 2011, speculation here is lower than elsewhere... consturction cost rise is minimal (meaning developers are sucking buyers?)... prices will keep rising... and pls stop saying foreigners are pushing up prices - they're only 2%.

rising home prices, faster rising debt, what's our economy getting into? dangerous times, be careful , be very careful...

Yeahlah, rub it in.

You bumis have it damn easy, no need to think, sweat, risk and do homework and dump all excess to ASB and get above inflation returns while us nons have to crack our heads and worry our hair white and risk investing in order to beat inflation.

Go dai please.

I wouldn't sniff at ASB leh it is offered to me, max 200K or not.

At least bumis have a safe harbour that gives above inflation returns unlike most of us here.

And no, I don't believe that props are bulletproof like ASB

Yes, but ASB case is low risk and comparatively high gain....

Next year bro. Next year.

The arse screwing will now begin since BN just got their mandate...