Round 11....
Let's start.

LOL... this is endless... V11...i guess its not too late to join the party!

i like your signature.
you should add
"we only know one's an idiot only when the person open their mouth"

warming here....

u will come at a point some up up up camp saying this again in V11.
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- Anytime is a good time to buy

- Properties prices will always go up in the long-term

- The market cannot collapse because of demand from foreigners

- Mickey mouse units are the trend of the future
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read more here why they said that? http://sg.finance.yahoo.com/news/property-...-151909308.html

Quote of the last day of May 2013

v11 already...huh hebat...

Market to Be More Active after GE13

http://www.theedgemalaysia.com/property/24...after-ge13.html

Price still going up for Landed and High Rise.

anybody notice residential rental rates are slightly creeping up?

and would appreciate admin can pin a thread for lawyer's V3.
V2 ended quite some time ago and i find it very useful.

This post has been edited by kochin: May 31 2013, 09:30 AM

TheEdge didnt mention about Penang? I guess Penang will be similar to GKL.

Only highrise...

I noticed 2 out of the 5 I'm tracking dropped their asking by 10% early this month. Something is brewing in the background... I can feel the fear... LOL!!!!

This post has been edited by Rooney1985: May 31 2013, 09:42 AM

Sg Buloh area going up.

boss,
rental rates or selling price?

personally i would rather target property on uptrend pricing rather than downtrend.
unless you are getting your unit at a super discount from market value, else what is the back-up plan to prevent further decline in prices?

Yes i notice it!

I dont think that property market will collapse. Governement intervention in term of bnm restriction on making loan and 3rd house policy is actually slowing the market a bit. I know its not affecting most of people in this forum but the amateur player already stop buying at the moment.

Having difficulties in applying loan has put some pressure to the owners that want to sell their house. This resulted to most of the owner have to lower down their price bit by bit. For example i managed to buy a house in klang valley 90k below market price. Yes! The demand is there but there is limitation for normal people to buy. Only investor with clean and strong cashflow can enter the market.

Since govt pressure manage to force some of the owner to lower down the value, i believe the bubble wont burst in the near future.

To me - as investor this should be a buying signal because you can take advantage in getting good property at discount price (considering not many people can buy property now due to very strict requirement to make loan).

I believe The cycle will go up soon - maybe in 1-2 years, where many people can easily obtain loan from commercial bank again. And that will be the selling signal where we should dispose to collect our capital and get ready to reinvest!

rising property price..... alarming but not panic mode yet.
rising rental rates..... all hell breaks loose.

well the 10% drop in monetary terms is around 400K to 500K... If I picked them up in the past 6 months I would have to fork out that extra... looking at rental rates is fine... IF I were to pick up the property now, that's already profit to me... converted to 10K rental pm, that's 40 to 50 months rental. In terms of loan payment saved... 450K loan for 20yrs is equivalent to RM2,800 p.m... in terms of FD rates that's around RM1K p.m... So you tell me whether I should look at rental or price first? LoL...

Plan to prevent further decline in prices is... don't buy when the risk of decline is high... (like now)... So in 6 months time, it dropped 10%, lets see what happens in the next three to six months. Like I've always said, I'm in no rush now, just relax la... See who can wait longer... I don't have to pay interest on my funds, however, these fellas have to or will have to very very very soon... LOL... Its nice to see the greedy suffer.

This post has been edited by Rooney1985: May 31 2013, 09:59 AM

i can see that the re negotiators i know now having a lot of free time, much more than few months ago.

good for them, more time for self and family!

4 to 5 mil prop?
ouch.
way beyond my league.

boss, one more Q.
you mentioned 2/5 dropped.
what about the other 3?
increasing or stagnant then?

The other 3 stagnant, but the fella is fishing, sometimes will ask slightly lower (3-5%) then back up (through agents though, so I guess it could be agents at work rather than owner giving green light) ... Those 3 I don't track so closely and ready to drop from list ... Have to find a replacement. Anyway, the principal is the same for other properties as well (in my opinion).

I do prefer commercial lots lo.
Good in renting and also high demand