The results of this vote may be inconclusive because there are many property agents in LYN together who will vote for UP UP UP despite knowing full well that prices have already started stagnating in some areas.

strongly agree as most of them have multiple accounts. So information in lowyat always need extra salt...cili..suger...viniger...

This post has been edited by tikaram: Mar 18 2013, 03:13 PM

Haha I don't normally participate in online polls. And I also don't quite bother with the polling results.

This post has been edited by puchongite: Mar 18 2013, 03:14 PM

I also will buy.

BUT

What if got 3 units at one go fire sale RM460K at the same time, and your area not fully tenanted? Will you buy? That time needs more thinking.

By the way, I voted for price correction. But my real prediction, short term (12-18mths): Some areas stagnant, some areas minor correction, some areas major correction.

Luxury high rise is headed for major correction unless you own some choice units in TTDI or Bangsar. MK or KLCC could be hit less hard as well. Other locations, good luck.

Penang and Johor should be up. KL maybe. Others I'm not too sure.

Hot areas won't go down...KL, PJ ...nah. (RM300-500k).....But luxury units will always be the first to be hit whenever a down turn occurs. (Unless of course, in major prime area). But the probability a stagnant will occur , but definitely won't be dropping.

Properties in non-hot areas, these will be the ones, that will be see significant drop.

Anyway, we can all talk...nobody knows for sure what will happen.

when ppl like u n me have no better way to invest due to the share market being fully controlled by giant GLC n government investment fund . the property price will keep going up even though it is slow some of the time , because this is the only way for us to protect our monetary value .

+1

daikor... from investment point of view, sounds like a good bargain that cant resist...

but on personal level, I am running out of bullet leaving 1 shot for own stay .. if i stay in Maluri Kepong and got this bargain, why not buy for own stay

hard to predict o, have to see GE

Banker worry since 1997 crisis, they always worry, somehow one day they will be right

+1

Yeah if you worry 20, 30 years. And none of your worries happen then maybe something wrong. Haha.

This post has been edited by Lcsx: Mar 18 2013, 04:49 PM

I was a banker before, how a banker perceive thing is different from normal people, like accountant, their mindset is very much influenced by their job nature, their day in & day out dealing with insolvency, reprocess, auction, defaults in payments, blacklisted and bankruptcy cases, you will tend to hv pessimistic thinking.
I was in-charge of hire purchase and housing loan matters back 17 yrs ago (local bank), almost every month we will hv auction and reprocess cases (car / property), the auction list is full of unwanted property, keep repeating every mth, this will influence our (banker) logic thinking.

This post has been edited by UFO-ET: Mar 18 2013, 05:02 PM

UFO-ET,

Lucky you were not the loan approval officer...

Ya luckily...if not our property mkt already burst and collapse in 2005

But those people are the first pp have the hard data to tell wen bank will increase rate.

Bank base on hard data and evaluate the risk, those data are taken from the ground, banker..

This post has been edited by Nikmon: Mar 18 2013, 05:29 PM

Agreed! adding points

new launch (all types) - up = esp new township phase 1 BBB....latest phase may be on B
subsale non high end - moderate or stagnant = good location nearby LRT/to-be LRT MRT is UP...example Kota Damansara..
completed high end - down = sure down down little bit... huh

I vote up up another 50% then crash

True, I didn't say they are wrong. But in reality, sometimes in property sector, 1 + 1 =/ 2.
This country is full of "dark" money, you will be surprise some people has so much money, all fr funny channels.
A lot of people under declare theirs' income, even they buy a lot of properties, income tax officer never check, my customer (businessman) never declare income tax since 1997 but can buy car and property, a lot of hanky-panky dealings at the back of the door. A young man age 38 declare 120K income can hv 10 mil property in hand.

If you study the total number of houses vs total populations (KV or developed countries like HK, Singapore and Taiwan), it is obviously oversupply already, so far there is no specific % (surplus) to say the mkt is over supply that will lead to bubble burst, if the whole KV has a total of 100 households (4 family members), then
1) How many houses do we need to supply?
2) How many % oversupply will lead to bubble burst?

I dun think anyone has the answer. That is the difficult part.

because of inflation alone i would say there won't be a dip or market correction