From your previous replies, I don't see a correlation between your (claimed) qualification and experience with the knowledge in taxation and economics

On second part of your comment, you seemed to be more preoccupied in thinking of losing money in the recession than making money in boom times. You only notice the sadness of "people drown by their investment". How about people making money during property boom ? It has 2 sides for every coin

Not to sound too optimistic, in all types of investment there are instances we lose money. But there are also chances we make money. It is up to the people to judge based on their business acumen. Risk and opportunity is always there for us to grab. Of course you can choose not to grab it.

I notice the conservatives tend to wait for all 10 traffic lights to turn green at once before they move. While entrepreneur will solve the issue when they come to a red light.

Of course, the dare devil who beats the red lights takes more risk and may reach the destination a lot faster. But on the other hand, he may be killed when he jumps the red at the 4th traffic lights

While the conservative never move because the traffic lights will never turn all green simultaneously

Why empty units? most probably is the pricing issue.
There are still demand just that some owners will not release the unit if the price do not meet their target, they don't mind to wait.

Buyers are waiting now too, no? See who buckle first, personally, I see supply > demand at the moment, Condo's everywhere... even existing condos are at 70-80% occupancy and there's still a new newly completed units coming up...

Interesting discussion, although some off topic, I'll say the next 1 year will decide how things go... need to see how well the new units are absorbed in the 1-2 years time.... the pre 2010 owners wont have problem holding out for higher price since their entry is low. It's what happens with the new entrance that may or may not start a snowball effect. All it takes is just a small ball to roll down the hill to trigger the rest.

Just chirping in my 2cents, not really a regular... outsider's view.

This post has been edited by eltaria: Jun 11 2013, 06:24 PM

If I may add,(as another outsider to this forum ) buyers are waiting but actually more like priced out..very frustrating but what to do...I ve been looking to buy a place for own stay for some time now..almost a year...but cannot afford..last few years people still can say half a million condo is luxury high end..but within today, its "normal"..but then again i (like many harworking office dwellers dont see my income matching it...look at those price and the condition/quality of the condo..really feel there is a disconnect.

I think certain condos can go up like on monthly basis..recently i remembered g residence..within few months already 100k increase for 1168sq ft. From my hunts i realise now a lot of joint husband and wives buying...even at such high prices 600-700 k above ...but after this group buyer capability truly depleted?

Saw an "interesting" thread by a self confessed property speculator. What do you guys from BBB and DDD camps think? Legit and do-able?

https://forum.lowyat.net/topic/2843944/+160

This post has been edited by GenY: Jun 11 2013, 06:45 PM

there will be a lot of buyers if you lower down your selling price which you will not going to do that for sure.
if really lower down a lot, do inform me, will get from you.

The thing about the recent rush to buy is... why do people buy in the 1st place?

Ask 7/10 of home buyers recently their reason to buy is not because it's affordable or (they can buy in comfort in relation to their pay) But because they are afraid price will get higher if they dont buy now.
In other words, they're forced to buy now, even though they're living beyond their means, and will need to cut back on spending elsewhere to accommodate this.
Of course, I'm talking about genuine home buyers la in the above case, who need a place to live in. Not flippers who buy with intention to make money.

This creates an artificial surge of temporary demand that in turn encourages flippers to get more aggressive with their own purchasing.

Kinda a vicious cycle, but the above laymen real homeowners are limited (the fuel to the fire) and looking at the next batch of couples who're looking at buying their first home and their average income, the current prices of 500-600k is not gonna be sustainable..

The current batch of new homeowners can ngam ngam afford a 400-500k home on joint ownership. But can the next batch of new homeowners fuel the 600-700k even on joint ownership?

can never tell if u r really a noob, but read on, read the past v threads. u'll b thrilled, entertained or offended.

if u can't afford, there are numerous who will tell u r only lazy and whinning.

even charkoayteowers/hawkers and tuition teachers can buy, why not u?

if u dun buy, foreigners and mysians earning usd outside will buy them all up.

prices will go up non stop, so just borrow and buy.

make the speculators rich!



p/s... just trying to give u a heads up in this thread.

This post has been edited by AVFAN: Jun 11 2013, 07:40 PM

Hi!

I am new in lowyat. What about the impact of PR1MA on property price?

Read that PR1MA plan to build 40k units.

Inputs please?

Interesting input from everyone on this topic. Been to a few condo launching recently and most of the time im surprise to see early 30 years old pay booking for unit that cost rm 600k. I ask what make them buy... most of them say dont buy now price is going up up in future. They buy with confidence cause most of them make money on property on recent year. Really cant wait for another 2 more years to see this group holding power can go how far.

Almost anyone e.g. obasans and students may make profit in the bull run (e.g. property, stocks, gold, etc). However, only the savvy few escape recession.

Those who were caught in 1987, 1997 and 2008 (in the U.S and Europe) can tell, what you made in the bull run won't be enough to cover the losses.

Given income is not rising half as fast as house price and increase in housing supply, current house price is not sustainable.

it baffles me as well as for the past few years...the rise in income is not correlated to the property price increase....the difference is way too huge....

so that makes me wonder...where in the hell the money comes from? and i bet the buyer mostly are not the normal 9-5 worker? maybe more to businessmen or foreigners?
no data...just my personal thoughts...

I m confused too but he is not going to answer you even on this simple question.

Why are you keep buying when the market is bad. Pls enlighten us here. Are you DDD or UUU? or DUDU?

This post has been edited by worgen: Jun 11 2013, 11:00 PM

Gold Slides to Three-Week Low on Stimulus Concerns

http://finance.yahoo.com/news/gold-slides-...-101100951.html

Any gold expert here? we cant buy property but can we buy gold now?

Australia introduced GST in 2000 and GDP growth rate in 2000 was?

http://www.gstaustralia.com.au/

http://www.tradingeconomics.com/australia/gdp-growth


U.K. introduced VAT in 1973 and GDP growth rate in 1973 was?

http://www.independent.co.uk/news/a-brief-...at-1593926.html

http://www.tradingeconomics.com/united-kingdom/gdp-growth


Singapore introduced GST in 1994 and managed to knock off a few % of GDP growth in the middle of East Asia economy boom.

http://www.iras.gov.sg/irasHome/page04.aspx?id=1852

http://www.tradingeconomics.com/singapore/gdp-growth-annual


Perhaps you could enlighten us why introduction of GST in Malaysia won't knock off a few % from GDP growth? If GST is 7%, how it won't effect the economy or send the economy to recession even if briefly?

This post has been edited by icemanfx: Jun 12 2013, 12:58 AM

From; http://www.abn.org.au/business-resources/k...h-flow-flowing/
If you have customers who are slow to pay bills, it is essential to bring them into line. The sale is not complete until the money is in the bank. The area of greatest sensitivity and an indicator that you have a problem is when debtors extend beyond 45 days.

If you use accrual accounting for your GST reporting, late paying customers are more than just annoying, they’re downright dangerous.

The GST due on your sales must be remitted to the tax office either every month or every quarter (depending on how you are registered), regardless of whether your client has paid the bill or not. If your customer doesn’t pay, you could be out of pocket.

Cash flow management after introduction of GST
http://www.cric.com.au/seaanz/resources/85DreverHartcher.pdf


May be you can advise us what is the average credit terms in Malaysia and why introduction of GST won't have negative impact on companies cash flow in Malaysia in the first year?


This post has been edited by icemanfx: Jun 12 2013, 01:00 AM

Believe it is better to buy repossessed property during recession. In the U.S., U.K., Spain and Greece repossessed property can be bought at 60% of peak value.

Excellent. You are right. But thn why ppl like tikaram feel so bad about property in malaysia (in this thread only), but still buying c180, jadehill, kepong sentral, empire damansara and many more (pls refer to project threads, if you want to know more of his buying), and not in U.S., U.K., Spain and Greece? Tic tac mode of buying is for flipping, theoritically, he can make more money there, right?

This post has been edited by worgen: Jun 12 2013, 07:53 AM