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 V10 - Property Prices (Up, Down or .....), and the debate goes on and on and on ...

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prody
post Mar 15 2013, 08:03 PM

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Current trend is down and it's probably going down more.
Subsale seems very slow and asking prices are dropping.
prody
post Mar 15 2013, 10:41 PM

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QUOTE(sishouse2 @ Mar 15 2013, 08:46 PM)
depends on PRU13
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Depending on their policy changes I may revise my opinion if PR win.
prody
post Mar 18 2013, 11:18 AM

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QUOTE(all blacks @ Mar 15 2013, 11:22 PM)
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..
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I don't notice this trend in Puchong and Kinrara. You have any examples?
prody
post Mar 18 2013, 09:29 PM

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QUOTE(all blacks @ Mar 18 2013, 05:30 PM)
You can try looking at the recently VP'ed units such as Emerald and Sapphire... Launching price was around 700K and 6xxK.. Current asking price is 950K-1mil and 940K-980K..

The units was ready around last year May.. So basically 300K increase in 2 years ++ since launch... Not sure if tats called "healthy" appreciation?
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As I was saying: "Subsale seems very slow and asking prices are dropping."

Of course compared to 3 years ago prices are up. But it seems to me in many areas asking prices are dropping compared to 3-6 months ago.
prody
post Mar 18 2013, 11:37 PM

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QUOTE(all blacks @ Mar 18 2013, 09:45 PM)
Actually for the units tat I mentioned, Emerald from 850K went up to 970K in 7 months time period...
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So what is the current asking price for emerald?
prody
post Mar 19 2013, 08:51 AM

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QUOTE(all blacks @ Mar 18 2013, 11:48 PM)
Actually most of the agents told me to skip Emerald as it's a waste of time dy... Because owners has started to ask 950K - 1mil now since the last  transaction..

The agents told me tat Qaseh is a better choice if u r going for 1 mil++ price tag.. Was supposed to view 1 of the cheapest unit last weekend, wic was going for 910K and suddenly the owner didn't wanted to sell the unit.. So looks like he wana join the party too..

Sapphire wic is slightly smaller by 1xx sqft is asking for 940K, if not mistaken the last few units available... so wouldn't be too surprised if asking is more than 950K on wards..
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Maybe 970k was the peak. There seem to be plenty at iproperty asking much less.
prody
post Mar 19 2013, 07:29 PM

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QUOTE(all blacks @ Mar 19 2013, 09:21 AM)
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...
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Sounds a bit expensive to me. smile.gif
Heard agents do that yes.
prody
post Mar 19 2013, 07:29 PM

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QUOTE(zuiko407 @ Mar 19 2013, 05:27 PM)
Almost 14 years in O&G, daily rate
No medical, no bonus, no tax
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Cleaner?
prody
post Mar 19 2013, 08:27 PM

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QUOTE(zuiko407 @ Mar 19 2013, 07:34 PM)
Tea boy
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That would have been my second guess. biggrin.gif
prody
post Mar 21 2013, 12:37 PM

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I do hope they are on time.

BNM 'closely monitoring' household debt levels


prody
post Mar 21 2013, 02:03 PM

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QUOTE(zuiko407 @ Mar 21 2013, 01:16 PM)
This's good news
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Mixed bag, it's good that BNM are closely monitoring.
It's not good that lower incomes are over-leveraging.
prody
post Mar 21 2013, 03:08 PM

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QUOTE(zuiko407 @ Mar 21 2013, 02:15 PM)
I only spot this:-

“Households with incomes less than RM3000 (a month) and below are increasingly over-leveraging, borrowing not for assets like houses or cars, but taking up personal loans."

and this:-

"Speaking after presenting BNM’s annual report at its headquarters in Kuala Lumpur, she said that lower income households only make up 11 percent of the portfolios of commercial banks."
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11% is definitely significant. Just ask the people in Cyprus. smile.gif
prody
post Mar 26 2013, 09:21 AM

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QUOTE(AppreciativeMan @ Mar 25 2013, 02:52 PM)
Correct me if I'm wrong on the following calculation....
140% Debts/Disposable Household Income
If Mr Z debt amt 300,000
Disposable Income = 300,000/1.4 = 214,285 (Annual income after Tax)
Mr Z monthly income = 214,285/12 = 17,857 (after tax)
300,000 monthly payment est 1,500, I'll round off to 2,000
Mr Z income for other expenses after debt payment monthly = 17,857 - 2,000 = 15,857

I'm not into economic study or whatsoever, jus wonder anything wrong on my calculation?  hmm.gif  hmm.gif  hmm.gif

And this does not included or concern on assets value too right? If the asset value 1,000,000 now?  hmm.gif  hmm.gif
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140% is way too high.

Have a look here.

The debt service ratio is very high at 47.8% in 2010.
prody
post Mar 29 2013, 08:44 AM

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» Click to show Spoiler - click again to hide... «



Thanks. Outstanding loan chart does not look pretty.
Any clue if there is one available with a longer timeline?
prody
post Mar 30 2013, 04:34 PM

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QUOTE(White Skin Treasures @ Mar 29 2013, 02:18 PM)
Can I ask a stupid question? Hypothetically - what if the crash really happens, and market value slump by 30%,
- What the rich with holding power will do?
- What will the middle income fully leveraged will do?
- What will the down camp will do - for middle income group with average savings?
- Life goes on for the poor?
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Down camp reporting.

Wait for election. If PR wins will identify what would be a good place to live.
Should be near to future school and near to work.

Then if market slumps start to offer what I think it's worth until somebody accepts.
Lastly sell my own home at reasonable price.
prody
post Mar 30 2013, 07:42 PM

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QUOTE(gark @ Mar 30 2013, 05:21 PM)
Market not gonna slump until all the down camp starts buying... so buy more... but more.. guaranteed road to eternal wealth.  tongue.gif
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Market already slumping when all the down camp starts buying. smile.gif
prody
post Apr 4 2013, 11:03 AM

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QUOTE(AMINT @ Apr 3 2013, 08:57 PM)
Guys, a boss of mine said if opposition wins, property investment will collapse. Agree? I dont coz i think the market drives it. Government has a bit influence but mainly market
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Some things are more important than property prices. smile.gif

I have no clue about what the short term effect would be.
Long term PR winning should be better for Malaysia and thus for property prices.

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