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 V11 - Property Prices Discussion, Intelligent debates only pls

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zuiko407
post Jun 7 2013, 01:04 PM

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QUOTE(Rooney1985 @ Jun 7 2013, 12:21 PM)
Not asking for help. Anyway already entered way before 2008. Maybe you need help to leverage on my statements, if so please be a bit more brave and say what you want to say instead of hiding behind other people's words... Or are you intentionally asking a question or asking for comments so that you can use a dup account to answer it?

LoL... sad sad sad... Btw, prices going up soon, you bought any in the recent months? LoL... if not (I have a feeling its a big NO) ... please share why... If yes please share where and how much... rofl!
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This year no buy Rooney, maybe not yet buy ah Rooney, but last year bought 2 when down camp keep saying DDD, early last year bought 1 fire sale at 175k, sold it with 100k more, no joke and it really happened, last quarter bought one shoplot in subsales market (under con that time) with 1.4x mil, my neighbor sold at 1.85mil brother Rooney.
Can I call this 'everytime is good time to buy'? Many people especially inexperienced one doesn't fully understand it, they always confuse themself that everytime is good time = everything can buy or everywhere can buy.
In property market, there have various product and various location with various price tag, if soho are too many then go survey others lor, it's just simple way to make money, no rocket science
zuiko407
post Jun 7 2013, 02:31 PM

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QUOTE(Rooney1985 @ Jun 7 2013, 01:59 PM)
Thanks for sharing events in last year (FIRE SALE) and year before... hope you can answer the question, i.e. bought any in the recent months, if yes please share where and how much and if no, please share why... Thanks... (I take it that its a NO, cos you didn't answer the question in your first reply).
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Well, u expect me buy in every month?? Or must buy in every month?? Of course if i spot a good and right one, will buy.
U still don't get me, you still keep waiting? While u guys keep waiting but some people keep making money, still don't learn it? You thought you're real Rooney who earning 200k pound per week meh?
So my question to u again, since you predict price will drop years ago, did u spot a cheap one?? Did your friends, colleagues, relative get a cheap one???
zuiko407
post Jun 7 2013, 03:11 PM

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QUOTE(CroZz @ Jun 7 2013, 02:51 PM)
Precisely,to add to what you say above, not only you can choose not to share, you can choose exactly what you want to share and again no obligation, not even to explain yourself further if you don't want to. Which is why its so funny to see some folks acting like childish schoolchildren on the forums making childish demands and launching personal attacks that are not constructive.
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Relax la, just joking only
I really hope you willing to share when u get a cheap stuff, RM250psf! RM300psf
zuiko407
post Jun 7 2013, 03:42 PM

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QUOTE(Rooney1985 @ Jun 7 2013, 03:19 PM)
Just want to know reason you didn't buy only ... isit because price too high or no good location or any other reasons? Relax... you bought last year (because fire sale) i.e. not at the current market at the time la... so is it that you haven't bought this year because you haven't found any fire sales (below market)? Curious...

Yea spotted a few that dropped in asking by around 10% (I think this is mid 2011 asking price... please refer to my older post for more information and don't waste time asking me where and which cause I won't reveal. My relative in the midst of negotiating with one owner on price currently, they are currently at 2008 price, but my relative want lower so we see how that discussion goes... please don't ask where cos I won't reveal also... I hope my answer answers your questions... relax la... we're here to share mah...
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Haha! Like that also can!
Do u think the shoplot I bought last quarter also fire sale??? I saw the potential and grab it 3 months before VP.

The apartment actually RM220k market price at that time, the owner was in oversea since long ago and he don't know the market price, it's a unit next to mine which rented out with 1,900/month, the unit was vacant for long and I contact his father for interested to buy and he gave his son's contact number in oversea, after negotiation and we agreed on 175k, the s&p was sent to oversea after I signed and he signed it in Malaysian embassy.

Well! Earning gross 100k not a big amount but If u keep waiting and waiting, price down down down, with this kind of thinking, do u think u can make the profit?? Unless u are real Rooney who earning 200k pound per week.

Work hard Rooney, there's plenty of young guy like to earn big buck but no gut to start and don't know where to start

This post has been edited by zuiko407: Jun 7 2013, 03:46 PM
zuiko407
post Jun 7 2013, 04:15 PM

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QUOTE(Rooney1985 @ Jun 7 2013, 03:47 PM)
But you still haven't answered why you haven't bought anything this year??? LoL!!! Are you waiting for fire sale units (i.e. below market) cheap stuff, that why you're always busy asking everyone whether got cheap stuff so that you can swoop in and steal the deal???

btw the after you answer the question above (ask three times already but you still avoiding... sigh)... whats the net of the 100K that you make ah? curious after all transaction cost... LoL.
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Well! Do I need to buy every month or year?? Or is a must for me to buy in every month/year??
Do u think the fire sales is cheap if there's in the market? Honestly I always contact real estate friends and no one are feed back there's cheap stuff, I don't think price will drop in the coming years.
Doesn't matter how much the net profit from 100k, I'll never give up any chance in front of me.
I started invest since 2000, I'm not buying every year too, do I need to explain why didn't buy any in between??

This post has been edited by zuiko407: Jun 7 2013, 04:17 PM
zuiko407
post Jun 7 2013, 04:39 PM

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QUOTE(Rooney1985 @ Jun 7 2013, 04:26 PM)
Relax 407, its okay... if you don't want to answer its fine, but I think I can pretty much figure out your approach... pretty merciless huh? Just wondering you always say price will go up, you cashed out already but not buying so keeping your money in? FD? pillow? lol... I would always expect UP campers to say buy now cos tomorrow price up but you're not buying although you have some cash in hand... and that's when I realise your approach from the two examples and said its pretty merciless.... rofl... good... so if you do buy any in the future at market or above market please do share okay? Thanks in advance... lol!!!

I bet, you're drooling over my relative's target... lol!!!! Sorry can't share and won't.
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Don't realize you're so interested where I park the money, how I spend the money, also don't realize that the market will influence by me when I buy or not buy, or not yet buy!

Luckily you don't ask why this week I didn't go out with girlfriend but last week I did, then i really dont know how to entertain and make u happy.

Hope u can share your purchase, I wanted to know after 5-10% cheaper is really cheap or not? As I said b4, whether 400k cheap or 650psf expensive? and also like to compare with launched price when mr wayne Rooney keep waiting and complain price too expensive during launched.


zuiko407
post Jun 7 2013, 05:02 PM

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QUOTE(Rooney1985 @ Jun 7 2013, 04:50 PM)
Aisey, 407 I'm not interested in you or your targets or your props la.. just wanna teach you a lesson since you ask others so many times please share this and that, so I ask you back the same question... unfortunately you fail to reply with reason instead tell me about last year, year before but not why you didn't buy this year and why you didn't buy market or above market properties since UP campers believe anytime is a good time to buy, but buy fire sales units... rofl...

5-10% is not cheap yet... percentage is just a marker for me... the target is which year of price it drops to as an indicator of rock bottom of whether it will still drop... Already some in the market showing this sign but very very few and must have good contacts to find.

I don't think I have complained in any of my posts that I'm not able to buy because prices are too high... my opinion is that prices are peaked and it is not a true reflection of the value of the property but only a result of speculative activities and I foresee correction... So please don't misunderstand my statements... lol!!! And of course I always say, if you feel price will continue to rise in the near future then please buy now... lol!!!

Chill la 407... I hope you learn not to always ask questions that when posted in reverse back to you, you can't answer... LoL!!!

Its Friday!!! relax and go for happy hours... and some nice young girls ... enjoy life... lol!!!
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Well, u don't get my intention for asking the same question, I'm person who prefer to see the reality, u can say price drop here and there, is always better some people to show prove that he really found a cheap one, and how cheap compare to current price, not below 500k is cheap but 650psf.

Is good to keep asking once a while and get the update, hope some down camp willing to share when they really get one, you know what! Mr Wayne, in V3 some forumer said the condo price in KL should below 200k and the link house should around 250k, bcos he's still earning bangla's salary, so I also wanted to know the current 800k - over million link house be able to drop till what they want, or they have no choice and force to accept when price drop to 780k??

Honestly, I made quite a lot but I'm still interested to make more, hence don't too worry I buy in this year or not! It won't reflect the overall market anyway!
zuiko407
post Jun 7 2013, 05:07 PM

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QUOTE(joeblows @ Jun 7 2013, 04:53 PM)
Apparently got some UUUU camp that doesn't like money, that's why they are cashing out of the market and not buying.

Maybe he wants to become a monk? Like the book "The Monk who sold his Ferrari"? LOL!!
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Oh ya! Since you come back from hiding some where, mind to update how's the link house that u targeted in DAMANSARA JAYA, is DAMANSARA JAYA not kajang, price drop from 850k to 700k yet????

I still remember you mentioned it with so confidence months ago
zuiko407
post Jun 7 2013, 05:17 PM

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QUOTE(kochin @ Jun 7 2013, 05:10 PM)
he mentioned that kah?
aiyoh...
seriously if DJ got 700k provided location is good and not sewerage pond, T-junction, etc. and house condition is also okay (move in condition).
please let me know.
higher a bit also okay.
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Ya, sound interesting too, since he never update, so never happen lor, I think price still above 800k.

Sometime I really don't understand what in their mind? Or they may keep thinking price drop till shock plug already, some said price should drop till their affordable level, some missed the boat said is their turn to make big buck when price drop and bounce back, they thought this's stock market.

Some said price drop 2011/12, then extend to 2012/13, seems like now they're apply for extension of time, last time they sound confidently, nowadays they just joking here, as long as price drop a bit, that's drop and be able to celebrate with open 20 tables in restaurant
zuiko407
post Jun 7 2013, 05:34 PM

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QUOTE(kochin @ Jun 7 2013, 05:19 PM)
bloody hell....
i read your last line and LOL at my workplace and my colleague look at me like i'm crazy.

boss, since you're MK pro.
someone ask me.
ceriaan 900k for 1800+sf.
tenanted at rm4k
ok bor?
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Ceriaan have 3 sizes, 1800sf, 2000sf and 2200sf, 2 blocks.

for 2200sf, it facing each other from block A and B.

for 2000sf from block A, it facing the bungalow at Jln kiara 1, that's the highest demand among the rest, 2000sf from block B, it facing west and the warehouse.

for 1800sf at block B, either facing laman kiara balcony to balcony or kiara 1888, I think facing kiara 1888 will be better.

1800sf at block A, one facing the construction site, Acroris, very noisy. The other one facing segambut dalam, I think that one better choice among the 1800sf.

1800sf was asking 750k last year and 2000sf asking 850k, rental demand very good.

Mine rented to Korean and her husband is mat salleh

zuiko407
post Jun 7 2013, 05:52 PM

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QUOTE(EddyLB @ Jun 7 2013, 05:40 PM)
Wow, 750k to 900k in 1 year. Very good !
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Launched price just 3xx psf, very cheap
zuiko407
post Jun 7 2013, 05:59 PM

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QUOTE(icemanfx @ Jun 7 2013, 05:53 PM)
Then why are there still many units waiting to be rented?
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Try call the agent, call few of them, and make the arrangement for viewing, then u will know the actual status, don't always just refer to iproperty or propwall.
zuiko407
post Jun 10 2013, 11:36 AM

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Both tikaram and Rooney made the topic moving fast, thank you and enjoy your purchase eventhough economy turn bad
zuiko407
post Jun 10 2013, 11:52 AM

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QUOTE(tikaram @ Jun 10 2013, 11:39 AM)
Sharing is caring ma. tongue.gif
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Sharing is good but don't confuse other people ma, here u mentioned so bad, there u keep advise people buying and you yourself also buying!
zuiko407
post Jun 17 2013, 11:32 PM

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QUOTE(icemanfx @ Jun 17 2013, 08:08 PM)
Buying a property with over 15 years loan tenure is not unlike buying a car with 9 years repayment. During 30 years loan tenure, the borrower is almost certain will experience 3 or 4 recession. Unless s/he has the reserved to sustain through the bad time, s/he could be underwater or drown.
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You have too much worry, what a typical mindset of down camp, that's why we have so many down camp here, scared this and scared that, keep waiting until price went up, then complain price unrealistic and hope for price drop.
zuiko407
post Jun 18 2013, 09:31 PM

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QUOTE(Rooney1985 @ Jun 18 2013, 04:13 PM)
Maybe you can follow some gurus' advice here... go for those high-end properties with DIBs and low down-payment then get mother, father, brother, sister EPF all put together, then add in auntie and uncle as guarantor to secure loan... I'm sure chances of playing high end will be there... LMFAO!!!! Oh forgot, then 3-6 months before VP quickly flip (to the long queue of foreigners waiting to buy) for huge profit... Run this cycle 5 times and you're on your way. LOL!!! Btw, if miss one exit cycle, then say bye bye...  biggrin.gif
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You have good imagination
zuiko407
post Jun 20 2013, 05:15 PM

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QUOTE(Rooney1985 @ Jun 20 2013, 01:44 PM)
Very property focused point of view... If we look one layer below the ETP, we will start to ask where the funding for stimulus is coming from??? G funds/ borrowing... if its G-funds we're taking about taxes... higher taxes leading to lower disposable income will definitely not push prices up... unless total income increases (in REAL TERMS)... (historical data shows otherwise). borrowing? borrowing in light of the devaluation and weak fundamentals mean we get less and pay more in terms of conversion and interest... both negative outcomes on ETP and property prices. In view of the gradual withdrawal of QE by US (targeted to be completed by end 2014.. i.e. to commence pretty soon unless they want to shock the whole economy) there's going to be a a credit shortage... this means higher interests on borrowings... means G needs to pay more... in order to G to pay more, G taxes more, when G taxes more people get poorer, when people get poorer how to pay more rent or buy more expensive houses? My bet is more on changes in US and Europe's QE position affecting our property value rather than 2016/17 GE.

You have a point though that the infrastructure in the pipeline will lead to increase in property value... but will there be enough financially capable demand to support that value??? Will boleh land be a market that attracts foreign investments to do business here? Sophisticated businesses? Services not manufacturing... Like Singapore & Hong Kong? I doubt so... Boleh land will remain in limbo... a resource exporter/ manufacturing country trying to break into the category of services but never really entering the ranks of Singapore and Hong Kong.

Even if we take opportunity and buy now??? will there be enough rental demand when economy weakens? If yes, can this demand afford the high rental? These factors relate to capital appreciation as well.

Why (possible reasons/ events) would there be negative effects in 2016/17???
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Mr. Wayne, don't buy, keep the money...
malaysia will collapse soon thumbup.gif
zuiko407
post Jun 20 2013, 05:43 PM

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QUOTE(icemanfx @ Jun 20 2013, 05:33 PM)
Among your friends, how many fall into this group?
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iceman, all your question i have been asked 15 years ago, i would suggest you to start invest, don't scared this and scared that, start learn more from the practical, then you will have more experience, more knowledge and more friends from property investment industry, from there, you'll get all your answer.
trust me! don't just lepak in the forum without any practice, you will never get the answer and keep curious
zuiko407
post Jun 20 2013, 06:02 PM

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QUOTE(icemanfx @ Jun 20 2013, 05:57 PM)
There are other opportunities available that are lower risks and better return than property market in Malaysia. For property, prefer to buy when and where the market is down.
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Without field experience and knowledge, you will still have dozen of question to ask, why! Why? Why? And how? How? How come?
Same problem for u whether in property or other investment

This post has been edited by zuiko407: Jun 20 2013, 06:04 PM
zuiko407
post Jun 21 2013, 08:50 AM

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QUOTE(worgen @ Jun 20 2013, 09:39 PM)
Gold Plummets as Inflation Fears Ebb

http://www.thestreet.com/story/11956078/1/...mp;cm_ven=YAHOO

Gold drop as low as $1,285 an ounce!!  shocking.gif

OMG! what going to happen to ah debt gor?  sweat.gif
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That's cheap
It drop again this morning

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