All because loan tenure stretched from conservative 10 years to 20, 25 even 30 years.

Given overall household debt is at alarming high level, BNM will have no choice but to restrict housing loan growth.


This post has been edited by icemanfx: Jun 8 2013, 02:00 AM

Previous gain doesn't necessary translate to future gain.

A single/highest transact price doesn't necessary represent overall/average market. How many of these TP was inflated for buyer to obtain 100% bank loan?



This post has been edited by icemanfx: Jun 8 2013, 02:05 AM

Normally ppl show 2 diff kind of respond when they made mistake...

1. admit the mistake, sounds like a loser but normally they gain ppl respect...

2. never admit their mistake, find excuse for their mistake...but ppl will never respect them...

it doesnt matter how he justify the buyer deserve to have a name like waterfish...address your buyer as waterfish is vr immoral...it will just reflect how low the personality of the investor....just like no matter how bad is the guy...if u use rude words to scold the guy, it will just reflect that u are rude ppl...

I dont think I ever replied him impolitely....why I am so polite when i reply him? bcos I stick to 1 standard or 1 principle in forum, even tho I really dont agree with his value, but is doesnt mean that i can use mean words to attack him...i dont expect he understand this as i can see his value in "waterfish"

if 1 ppl attack me, i wont think that is my fault....if 10 ppl attack me, i will think what happen on myself...

I should stop here sorry that i wasted the resources in forum

If you only look at malaysian property, in long run, you can safely say "previous gain is reflective of the future gain". I started in property since 1980s. It has major ups and minor downs, but the price has gone up in a linear trend. Never experience drastic drop like Japan and USA. That is the malaysian property scene for the last 30 years. Even if it drops 30% of its price now, the price is still higher than pre-2007 price. Eg, a DSL increased 100% from RM500k --> RM1m. 30% drop now --> RM700k. Still make RM200k

For the link I posted above, I have a few of the listed properties there. They are the market price now (+-5% I would say) and not single transacted price.

But of course, if you are sure the property market will crash in the near future, then you wait. As said before, the timing.....when ? That is the question that will determine you make money or not

This post has been edited by EddyLB: Jun 8 2013, 09:11 AM

Good answer and thanks for your 33 years experience sharing. Like what china facing now, all people are saying that the property market will crash.. almost 15 years, property price are still jump like rocket. It's impossible the property market drop more than 50% and when this property price start to crash? no one know/ predict? or it wont come?

1. Inflation are good reason for property price jump.
2. Demand especially the city like Selangor, KL, JB and Penang.
1. Most of the children nowaday dun like to stay with family.
2. If Malaysia political are stable then investor will come and foreigner will increase (but it's very disappointed to say that crime are increase day to day... haiz)
3. Malaysia location are strategic compare to other country and it's suitable to stay (no Scourge).
4. Malaysia property price are still affordable compare to other country. Affordable mean that malaysian still manage to pay for housing loan. for those people which got RM 3k and aim for semi-D then are different story.
5. If crash, then share market will start to crash first compare to Property. When Property are crash and i believe whole malaysia economic will have problem. In that time, if you have money u also need to think whether it's suitable time to buy property or not? Maybe that time u more worry the company to fire u ...

That is just my personal comment. for those who want to buy for own stay!!!! What are u still waiting for? Please enjoy it!!! For those who want to wait then you can wait.. nothing wrong ... decision are on u and nobody can decide for u ...

This post has been edited by kelvin2080: Jun 8 2013, 09:50 AM

If Msia loan tenure is still only 10yrs, u kno wat people complaining long ago already?
Why Msia so back dated?
Why Gov didn't make housing loan more affordable for everybody?
And etc etc etc.....

While a country developing, everything will start to change.... U won't get to see wat u see in the past, including debt..... Another similarity while a country developing, u'll see tight fights in political parties..... These are things u can never change.....

In short, Live with the Circumstances.

Story telling time again. Fiction or not, you decide.
1. A Singaporean who comes to kl occasionally for business. About 3 or 4 times in a month. Bought damai in mk. When asked why, he asked back why not? It is cheaper than me putting up the few nights in M O everytime presendential suite.
2. An indonesian who bought mk props. Only comes like once a month or less. When asked why buy mk? He asked why not? I have many business associates i entertain. It is cheaper for me to house them in my unit than leasing hotel for them.

Feel free to disagree.
Plenty more stories.

Since u wrote, I'll add another 2 yet Malaysian....
1. From Johor, a businessman having business around in Msia's state.... Mostly travel with his wife around.... Bought numerous of property in different states, so he and his wife can stays there whenever they travel there.... When asked why? I'm making money on the place I stay instead of paying ppl. Averagely stays 4-6 days in a mth.
2. From Sabah, frequent traveller to KL, a businessman again. Asked why MK prop? Feels more secure and organize in MK environment. Averagely stays 8-10 days in a mth.


This post has been edited by AppreciativeMan: Jun 8 2013, 10:21 AM

Not quite possible to get 100% bank loan by inflating the purchase price as all bank loan required Valuer indicative value and bank has blacklist those valuer simply complicit with agent / buyer to inflate the price.

Generally, M3 Money Supply is the main reason why the property price will NOT crash.

However, property price will crash, certain area/type of property, because
1) Not all young adults can afford own house, especially landed.
2) Our purchasing power is dropping, retail business is suffering now.
3) Banks are tighten their lending due to higher risk of default with higher than expected household debt (>80% of GDP)
4) Supply is more than 'real' demand (speculation of property create short term demand).

Very good experience!

I have been monitoring the housing price since 1996 and till now the property price is still progressively moving upward (except Year 1998). Regretted not to buy in Year 1997 (during asia economic crisis) a decent semi-detached (2nd hand) with very good location and surrounding sold at the price of RM 260K...

Some decisions are crucial in our life...

This post has been edited by Denis: Jun 8 2013, 11:55 AM

Don't forget Arabs and foreigners under Malaysia 2nd home program. But question is how many in numbers and percentage?

This post has been edited by icemanfx: Jun 8 2013, 02:51 PM

Buyers naturally asked for the market price. The question is, how many transacted?

Before Japan and US property crashed, their value were in upward linear trend also. Currently, property in the U.S and U.K. have lower risk and higher up size than Malaysia.

If a person bought the property for his own stay, whether the price increased by over 150% or value is slightly under the water, as long as he could service bank loan, there won't make a difference. The issue with current property hype is many of flippers are ill afford to pay installment or interest payment, and very likely will cause the next property crash.




This post has been edited by icemanfx: Jun 8 2013, 07:15 PM

Guess you are a agent for MK prop? What about other similar properties in the same area?


This post has been edited by icemanfx: Jun 8 2013, 07:16 PM

History always repeat itself, if one can wait, believe opportunity like 1997 will return.

global recession or soros attack esque? 2008 was the closest to global crisis but our property market was hardly affected.

Malaysia economy was largely detached, didn't experience global economy boom prior to 2008, hence was spared.

They will either need to employ a caretaker at each and every location, or travel with a maid or two to dust off before they could sit and sleep on.

There is no doubt, such people exist but how many?

This post has been edited by icemanfx: Jun 8 2013, 07:04 PM

The inflation part reminds me of the GST effect. The coming GST first implementation is once in a life time chance to buy property anytime now until it comes into effect

Residential property is proposed to be exempt supplies. It means developer cannot charge GST to customers. But the building material that is used to build a house is subjected to GST. Ie. the developer needs to pay GST on cement, bricks, steel bar, concrete, wood, tiles, doors, windows, electrical wiring, painting, basically all building materials. But it cannot claim the GST back from the Customs. Theoretically the developer should absord the tax. But does anyone think the developer will be so nice to not increase the selling price to offset the loss in profits ? If I am the developer, I will increase even more than the GST rate to take advantage of the situation

For commercial properties, it is standard rated supplies, so it is confirmed all purchases will be subject to GST. SOHO, SOVO, SOO, SOHAI and all commercial titles are included. Consumers will be charged GST --> price increase

So, if GST if unavoidable in the near future, then the price of property will increase by at least 4%. Any project that you buy in the future will be more expensive with GST.

Still hoping the price to come down ? We need to worry about how much the developers will hike price first

So, it is another timing game. If you time it correctly, then GST will be another opportunity to make money

Introduction of GST will no doubt increase property price but it will as likely cause a recession.