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....

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

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

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.

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.

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?

Unless you rent it out or sell it off, any profit or loss is really on paper.

If the owner still hasn't managed to flip it off in 6 years, he must either be really really stubborn or the price hasn't appreciated beyond his purchase price in 6 years. Quite difficult to understand really.

Any statistic to support ur view?

How about those bought late 2011?

Why not wait till downturn and save that even 30-40%?

30% of 300K = 90K.

You've just saved yourself RM90k, adding in interest savings and everything it could be as much as RM150k over the course of 20-30 years.

That 150K you can use to treat yourself to a brand new nice Toyota Camry.

So, why not wait?

It's precisely because we don't have that many years in our lives that one should be very very cautious about buying something on 20-30 yrs loan especially when price is at record high.

You would not wanna throw 30 years of your hard earn money down the toilet because too greedy and buy in when the market is high right.

Ask the Americans how it feels like to be working hard on 2 jobs to pay off your house mortgage but the value is actually underwater....

Yes, i got that a lot too. 1) that was 1 year old price. Now owner wanna sell higher 2) my staff put the price wrongly. Cannot be so cheap. Now market is at this price that i am telling u maa.

Mind sharing the price tag and the location? Curios to noe y actually they decided to sell at developers price... But actually tat should be the case since developer always puts in "Future price" during launch.. nt add  another few hundred K's on top of tat price tag..

Appreciate your compliment. One thing I learn the hard way from the 3 years writing blog is that most readers like to ridicule honest analysis 

What I have seen happened with family in 82' and 97' really a nightmare that I vow never to see it from my home.

Been in this industry since early 2000 and consider myself not lazy spending spare time to learn finance and economics. All I can tell is assets class opportunity is always moving from one to another from time to time. Real estate in Malaysia is near its end at least for mid term.

Thus, I sold most last year and urging close friends and family to realize profit first. I walk my talk. Always believe paper 'profit' is just a mirage. It is like masturbation, period.

believe it or not... i know someone who actually just bought a landed property from an agent and according to that agent, the price quoted is based on the actual developer's price about 1-2 years ago...this landed property just obtained OC....

and comparing to other similar listing from other 'flippers', the selling price quoted by other owners or flippers is about RM180k more expensive...

weird eh...but for once, this agent actually sold this landed unit for about more or less the same price compared to 1-2 years ago...

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sorry but sometimes i worry to buy this kind of house also ... dunno whether got anything "wrong" with or/and inside the house or not...

Aiya, the only argument you have left is "pessimistic guy".    Show us some substance, why you ignore the depressed secondary market? Why you never mentioned the official falling property prices? Why you don't bother to look at the huge volume of empty units listed for sale?

It is because you are a real estate agent who could not tell the truth, no?

Qaseh again? Go talk to I&P, and see how many units in the secondary markets waiting for the next greater fool. You should go suck up those empty units and make a handsome profit, walk the talk, will you?

If leverage 50%, at wat age can a person effort to buy hse? Nt talking bout ppl from rich family or sponsored dp..

By the time u save the other 50%, do u think the hse will be at the same price?

Think again... unless u r cash rich or earning five figures monthly wic will allow u to save super fast... In average how many percentage of ppl even belong to this category.. Ntg wrong wif leveraging debt, but play safe.. nt to stretch too far..

Very true

As for myself, the house I am staying > fully paid up. No debt on the house.

400 K cash > my kids education fund ( IMO, MY best performing investment fund !)

Have some equities (divident play).

But as i said, depend on your risk appetite. And dont be envious of the ppl next to you " that make a few million on speculating property". If they make it, congratulated them.

For me, its most important that I can sleep well at night

Just my 4 cp !