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 V11 - Property Prices Discussion, Intelligent debates only pls

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TSkochin
post Jul 3 2013, 08:26 AM

I just hope I do!
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QUOTE(EddyLB @ Jul 3 2013, 08:07 AM)
Was puzzled why nobody talked about women yet  laugh.gif
*
I hear women? Where?smile.gif
Or is it someone's wife?

This post has been edited by kochin: Jul 3 2013, 08:27 AM
TSkochin
post Jul 3 2013, 10:09 AM

I just hope I do!
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QUOTE(Rooney1985 @ Jul 3 2013, 09:51 AM)
biggrin.gif  Very observant... I think so too based on the taxi fares.
*
hehehe.... just like damansara have its damai, jaya, utama, etc.
so does amaya have its saujana and maluri.
kekekeke.

soon there'll be more confusion:
solaris @ dutamas, mk, jelutong, etc
datum @ jelatek, ampang, etc
saville @ bangsar, melawati, okr
pelangi @ damansara, utama, etc
etc, etc, etc.


but i like this most of all.
when people say they stay in G-residence.
i would always ????????
TSkochin
post Jul 3 2013, 02:11 PM

I just hope I do!
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QUOTE(wwwcomment @ Jul 3 2013, 01:59 PM)
since zuiko, tikaram and manut are so rich, you guys shud cooperate and make money, not quarrel over the net.
maybe u guys can be good friends and earn billions since u guys already very successful
*
pls call dr.seuss
TSkochin
post Jul 3 2013, 02:16 PM

I just hope I do!
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QUOTE(blowwater101 @ Jul 3 2013, 02:15 PM)
I am thinking mayb when all of them come out....all just riding a honda ex-5...haha....kidding... tongue.gif
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drool.gif rclxms.gif shocking.gif thumbup.gif sweat.gif
TSkochin
post Jul 3 2013, 02:24 PM

I just hope I do!
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QUOTE(wwwcomment @ Jul 3 2013, 02:21 PM)
sorry not quite undertand.  blush.gif
*
accidentally pressed.
should be directed to appreciativeman for the psychologist comment.
cheers!
TSkochin
post Jul 3 2013, 10:19 PM

I just hope I do!
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QUOTE(EddyLB @ Jul 3 2013, 07:29 PM)
You ask for it...... drool.gif If you don't have patient, fast forward to 3:50

http://www.youtube.com/watch?v=5KkjxXD9ygk

If all property agents in malaysia are like that, how can the property market collapse ? It will only go UUUUU !  thumbup.gif
*
Been there down that [i wish]
TSkochin
post Jul 4 2013, 01:04 PM

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QUOTE(hazairi @ Jul 4 2013, 11:45 AM)
i don't take it as negative mindset.
In every investment, there's a strategy. Yes, I do believe in investing in property / gold or any other commodities.
But from my research, currently is not the right time to invest in property unless you got a bargain price.

For example: Gold reached its all time high, and suddenly it fell about 30%
Property price in US reached its all time high in 2007, and suddenly it fell about 50%
*
mind sharing your views on when you intend to make your move?
i.e. how much % drop from current existing price on property before you make your move?


QUOTE(hazairi @ Jul 4 2013, 12:32 PM)
Just like the stock market. If it goes down, doesn't mean all the company's in KLSE stock prices will go down. There will be a few that will not go down. Same as property.
Right now the keyword would be 'general'.

Generally yes, there are a few properties that is increasing in price. But 'generally', most of the prices is stagnant or down. The statistic department didn't just count your bought properties. The count all properties in KL and Selangor. All transactions.
*
mind sharing your views on the interpretation of the report of housing prices going down.
i.e. how do you gather to your conclusion of general prices dropping in kl and selangor.

thanks.
TSkochin
post Jul 4 2013, 01:11 PM

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QUOTE(Rooney1985 @ Jul 4 2013, 12:56 PM)
I like the reply... its like killing two birds with one stone...

However, I do agree with your opinion... with GST implementation/ BLR increasing... yes prices will be transferred to the consumer/ buyers because in effect the cost of HOLDING properties will increase... BUT it does not mean that consumers/ buyers will have to bear the cost... consumers/ buyers have the CHOICE whether to consume/ buy and at the end of the day if that happens... who bears the cost??? With boleh-land stuck in a middle-income trap and with everything increasing in price, one thing is certain! people will consume less to avoid GST in order to absorb the increase in BLR... For those holding a highly leveraged portfolio of properties, well, this would only mean that their reserves would run out faster than planned if their properties are not tenanted out... Even if they are tenanted out, with increase in cost of living, rents will also increase therefore forcing tenants to vacate and find cheaper dwellings... End of the day, if it doesn't make financial sense to work in city areas, well people will just leave cos whats the point of working hard to pay off other people's debts (rent).

So its not the case that hey BLR increase/ GST increase is pass it on to the consumers, if consumers choose not to you buy it, you have no one to pass the increase in cost to... so you end up with high inventory and wait for bankruptcy... OR you can be the smart investor and business and cash out with a small loss rather then end up with nothing... So foresight is important, and knowledge allows us to have this foresight... I'm sure most of the people here know this, but its just human nature to be greedy. If you guys are free go watch the video documentary on Lehman Brothers... They had a chance to sell-out but they held on and on and on because they didn't believe that they would make a loss.... from 10% loss to 20% loss to 30% loss they refused to sell... until they ended up under Chapter 11 where they finally accepted a 75% loss but it was too late... everything gone...thousands of jobs lost, the same principal applies to all investments in all forms... know when to exit and don't be greedy... no one can fight the market... You just have to know when to ride it and when to stay on the sides... As of now, my OPINION is, its a time to stay on the sides.

Yes there are good deals in the market... I think this is the start... these are the investors who are not super greedy and are cashing out... and its a very very small group.... you see it takes time for people to accept increasing prices... but it also takes time for investors to accept falling values... so they'll hold on to their properties with every single penny in the savings they have because they bring the momentum that they are invincible in their investments unfortunately they are totally ignorant to their opponent... the market... again... no one can fight the market.

biggrin.gif
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agree in general.
but a few pointers. based on your reasonings, only the high end would suffer?
since high end shifts out to med end, and mid end shifts out to low end to cut cost?

another point to add, perception and time.
yes you may hold out from purchasing/consuming for the longest of time due to increased in price.
i.e. when petrol was hike from 1.92 to 2.70 in 2008.
or you may even deprive yourself from teh tarik when they increased their 70 cents to rm1 per cup.
or you mogok because your favourite nasi lemak just increased by 50 cents.

so i take it that it cuts both ways.
either they accept it eventually or they don't.

question now remains whether the market has accepted rm500psf product or they still holding out for drop in price.

This post has been edited by kochin: Jul 4 2013, 01:15 PM
TSkochin
post Jul 4 2013, 01:36 PM

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QUOTE(Rooney1985 @ Jul 4 2013, 01:25 PM)
agree to your add-ons...

Question:

1. Do you realise more and more motorcycles on the streets? I do... effects from increase in petrol over the years?
2. Low priced items (i.e your teh tarik and nasi lemak examples) have a smaller impact... I think you answered this with your first statement that high-end impacted the most and then trickles/ multiplies downwards... the determinant is what price level is considered high end? above 500K, above 800K, above 1M, above 2M? From the market info on sales of new launches can't tell us much, because these buyers have different objectives... mixture for buy for own stay (i.e. accepted new price levels) and buy for flipping (i.e. they don't really care cos they aim to flip it) so the best indicator is... secondary market... and how are sales in secondary market nowadays? From what I know... not good at all
3. Do you realise how many high-street boutiques are having sales nowadays? I remembered years back, there is no such thing, these high street outlets are luxury brands no way they're going to look cheap... now? look at the sales sign boards... HUGE!!! from a business perspective... these are tell tale signs... some people see it and think ohhhh sale lets shop... some people see it and think things aren't looking so good...

Its down to the consumer... if he can afford it the show goes on... I think majority of people have already bought into the market... GST implementation will be the catalyst... BLR increase will be the fuel to fire... we'll see...

biggrin.gif
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A1:
motorcycles increased? yes. snatch thieves also increased. maybe due to nature's course of inflation forcing them to take this route?
but boss in all fairness, cars have increased even more folds. while in old days, 'poorer' people would drive their old junks on the road and majority on kancil, and wira.
now i suspect the ratio of 'lower' end cars have actually decreased as i notice more vios, city on the road although myvi is still the most prominent vehicle. but in terms of ratio, personally think myvi's ratio is lower than kancil at the peak of its time.

A2:
clueless as i am not actively involved in this at all. you may be right on this. i'm more alarmed at the low occupancy rate of budget friendly place such as midfields, 1120, even scott garden.

A3:
agree. when h&m and uniqlo arrive on our shore. i hear that they never practise sales to push their figures. it's because their branding and pricepoint alone would be sufficient to drive the market. i was lmfao when i can almost see a fortnightly spread on uniqlo's sales offer nowadays. but on the other hand, starbuck chains are getting higher traffic compared to old days. maybe it's just a shift in area they are spending on? i dunno.

but having said all that, i am actually sorta relieved that market is heading towards stagnation. sweat.gif
TSkochin
post Jul 4 2013, 03:23 PM

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https://forum.lowyat.net/topic/2872821/+80#

i like what tat3179 posted.
"I seen the prices stagnate, but never collapse."
TSkochin
post Jul 4 2013, 04:18 PM

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QUOTE(soules83 @ Jul 4 2013, 04:10 PM)
feng shui where got good...according to chinese ancient fengshui...one of the most problem stuff is having shoplots below where you stays...because the shoplots will takeup all the earth energy that can benefit those who stays there...shops need earth energy to create good fortune too like boosting sales and attract customers...another example is house that near to cemetery also bad...because of the thousand of graveyard generate different kind of will so that it can direct where their family future is..but imaging you pickup the signal energy from different family? That will be disaster...you will get sick easily too.

Second, "good buddy" is foreign worker lo....look at the shops nowadays so many foreign worker...

Third, noisy lo...the shop close at 11pm so you will get the noise from 5.30pm to 11pm...walau...
some add on...for example, level one shoplots will get the most sales compare to top one...because of they are the first to pickup the earth energy too...Chinese stuff la.. Hong Kong ppl and China ppl believe those lo.
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hmm.gif
if shops don't do well, then the resi would flourish?

anyway, pavillion residence count, bor?
it fits both your criteria 1 and 2.
got a lot of mat salleh, koreans, japs, etc too.


TSkochin
post Jul 4 2013, 04:57 PM

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QUOTE(Rooney1985 @ Jul 4 2013, 04:54 PM)
Dude when this sort of thing happen in US and Europe I'm thinking most of everyone would be the same... one day is okay... the next day... BOOM.... everything happens so darn fast you don't even know what to do... why? cos never plan... just think I like I buy... sigh...
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wahh..... boss.
you talk as if you were in europe and US first hand to witness it and experienced it.
kekeke.
don't shoot me ah... icon_idea.gif
TSkochin
post Jul 10 2013, 02:03 PM

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QUOTE(ReenaRina @ Jul 9 2013, 05:12 PM)
Hi. I am looking to buy an apartment in Putramas, dutamas(Segambut), Jalan Ipoh/ Jalan Kuching area. At present I am renting a fully furnished unit for RM 2000/ month in Royal Domain Sri Putramas 2 (Off jalan Kuching). As my budget is well below RM 500k ( only because of the property market of course!)  and most decent apartments in these areas are costing beyond RM 500K including Sri Putramas 2, I am sort of in a serious dilemma especially after BNM’s announcement of capping the loan term as well as percentage given.

1. Will the property market take a slight dip? I am now seriously          hunting for a buy, therefore should I wait or should I just go for it?
2. I have seen a unit in Putramas 1 yesterday. It is 1100 Sqft and fully furnished(decent furnishing) with renovation as well as with 2 car parks. The owner is asking for RM480K. is it worth paying that price for that property.

I hope someone can give me some clear insights on these. Thanks so much!
*
given your situation, i would buy.

most agreed that even if property market takes a dip (a dip and not a crash), chances are <RM500k segment would be least affected. even if it did, it should not be too severed. and given that you have said so yourself that it's decent furnishing means you would have saved substantially on the reno + furnishing cost.

let's not forget your present rm2k rent, is considered total loss. it's true that you gained shelter in exchange of rm2k, but paying similiar amounts to your own property makes more sense, right?

however, if you opt for rental still, now might be a good time to pressure your landlord to lower asking rent. SP3 aka Royal Regent is gonna VP real soon and landlord should have some rental pressures. you might one to take this opportunity to squeeze something out of them. eg. lower rates, extra furnishings, etc.

good luck!
TSkochin
post Jul 14 2013, 10:59 AM

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QUOTE(AVFAN @ Jul 14 2013, 01:52 AM)
my read is the flipper rush peaked in 2010, which means the "then" majority has gotten "off the boat" by now, made good money, with some still holding on or facing difficulty in selling.

there are flippers still post 2011 but i believe is less in numbers and total value at any one time. couple that with those bnm measures, the situation is probably not as bad as some might think. but the debt levels reported do lend support that not all is well. which is why i hold the middle ground that if there isn't some global meltdown or a recession arriving, the subsale prices will most likely be flat, +-5 to 10% for the next couple of years at least.

however, if a financial crisis emerges from china or currency attack or what not, i see boland as ill prepared. the difference between now and 1998 is the few hundred billion debt accumulated to keep the 15 years going with another ?? billions illicitly gone out. notice bnm has been saying time and again, "interest rate unchanged due to weak external factors... growth due to robust domestic demand"? in other words, it means malaysians overall have simply been digging deeper into debt to consume to keep the economy going, not unlike greece or portugal to an extent, a fact supported by the fast growth of debt, even now. so if and when the shit hits, it will likely be a lot worse than 1998-1999.
*
I feel that year 2013 still got plenty of flippers and they are more fast and furious than the previous batch.
Among them, let's check out some of the incredible take up rates of:
Lido residency
8kinrara
Temasya qaseh
Trop metro park
Trop gardens
Okr projects
Etc.
TSkochin
post Jul 14 2013, 11:03 AM

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QUOTE(kh8668 @ Jul 14 2013, 12:25 AM)
i noticed the prices are up again all this due to the inflation.  smile.gif
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Inflation is one thing, lack of service providers and suppliers is another.
All contractors are uninterested to undertake new jobs because of their full to the brim jobs at hand.
It is like you want me to quote I quote sky high price. Take it or leave it.
Even headhunter are recruiting like mad.
No wonder job street also hitting more than rm4 per share in the stock market.
Let's just hope it is not a case of the bigger they are the harder they fall scenario.
TSkochin
post Jul 17 2013, 10:58 AM

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QUOTE(Rooney1985 @ Jul 17 2013, 09:52 AM)
http://www.channelnewsasia.com/news/busine...sts/746714.html

you don't see it? ... there it is... coming, coming...

whistling.gif

This reminds me of that scene that's always in disaster movies... a whole bunch of people running away from the disaster (e.g. earthquake, tsunami, etc) and some still standing there looking and asking... what is it? can't see? where? why people running? where? and then BOOM... in your face...

whistling.gif
*
world war z trailer....

cop to brad pitt: sir, please remain in your ca... (BOOM!) thrashed by an oncoming vehicle

rclxms.gif rclxms.gif rclxms.gif thumbup.gif
TSkochin
post Jul 17 2013, 03:47 PM

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QUOTE(Rooney1985 @ Jul 17 2013, 02:53 PM)
Rule of Thumb:

#1 Live to fight another day
#2 Only fight when you confident of winning

whistling.gif
*
Fixed tongue.gif


TSkochin
post Jul 18 2013, 09:03 AM

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QUOTE(barbabas @ Jul 18 2013, 08:39 AM)
Im not labelling but based on the opinions and arguments,  IF I'm a boss I would like to put:

Accetera : Head of Strategic Div
Agentdiary : Head of Risk Div
Kidmad : Head of Business Dev Div
Rooney : Special officer CEO office

Don't angry ah tai kor..joke2 only. Im enjoying all the opinions and articles forwarded even most of the time my views differs. But hey,  nobody's perfect anyway and humbly I do learnt a lot.

What we are talking is about the future, so for me no ones right or wrong. We see things as how we like to see it meaning that our appetite may not be the same.

But knowledge in the other hand is very very crucial. Oh how I love readings them posting that somehow sometime can be very emotional..sob sob..

Salam 1Malaysia ; p
*
who would be the CEO then? hmm.gif

anyway, heads up guys. we are moving into the 12th.

https://forum.lowyat.net/index.php?showtopic=2889415


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