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

Stagnant: Sentul & Mutiara Damansara?
Drop: Cheras & Puchong?

Sorry... Wait a minute... Who are those actually bet on the going down side since the first few version anyway? Are they still around here betting on going down?

Remember his name. Tikaram aka tic tac.

Good attempt but no, although I could find some replacements there provided they have potential. Thanks.

woah woah...here goes the games....I will be having fun watching.

Is this discussion referring to new launches or the secondary market?
I notice that new launch prices keep going up but the secondary market is open field depending on the unit and location. I have concerns about continuous stream of new launches when there are so many already built units empty.

am referring to general property prices both new launches and/or secondary market.

I thought we are here " Intelligent debates only pls "

Why your gang Worgen keep talk not so intelligent here?

Can u talk talk to him?

Ok will talk to him. Before that make sure you preach what you said. Dont cakap x serupa bikin. Its really disgusting coming fr an old man like you.

Worgen = Kochin gor?

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faReZheLmi quote:

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!

=============================================================================

@ faReZheLmi

above refer.

Maybe better not buying now...buying later?...more fire sales ma.

This post has been edited by tikaram: May 31 2013, 01:10 PM

This thread will feature a nathan rothschild wannabe coz he will say something else and do something else coz he thinks he can influence market.kekeke

u guy very free ka.... we are not interested on personal attacking la... that one is so yesterday...

i try to ignore u guy.... also keep kacau me..... jangan main main la...

this is " Intelligent debates only "

yalo....secondary slow in Penang...

http://biz.thestar.com.my/news/story.asp?f...11&sec=business

An indicator of where property market is going for 2013???

Cheras & Puchong area is really big.. not all dropping... my area puchong jaya rises every year..

actually who or what party stand to gain the most in the event of a property downturn?

those who had already exit the market?

I wouldn't ask who would gain but rather who would lose the most. My feel, its gonna be the financially weak and greedy property flippers who entered late and are still in the market... current conditions look like a stalemate in asking prices and available funds/ affordability of the market.... If the downturn follows... well... good luck.

Those who bought for own stay and what they can comfortably afford have nothing to fear in the downturn.

Those who bought for own stay on a stretched budget may have to cut back on consumption in situations where job losses arises in the downturn.

Those with ready funds can go on mega sale shopping spree at the expense of the first category (the biggest losers).

Agents will probably be out of jobs as well cos, in downturn everything goes... Its exactly like a situation of mega sale, everything is just on the shelf and its for sale. You don't need sales people to help you out or explain. They're so desperate to sell and recuperate funds that they're not going to share the consideration with agents... Furthermore, those with funds will take an approach of whoever more desperate gets slaughtered more... From the looks of the secondary market it seems that a lot of people stuck and can't get out, like they missed the window to exit... now that its peaked... well... what follows?

Anyone working in developer companies may face retrenchment. Even those in related industries (as per the earlier article on furniture). Those holding developer stocks may also suffer if developer's books are not healthy...

Sooo... before up camp ask questions (which they always love to)... which category you fall into? (Already have a feeling some up camp gonna ask which category I'm in)... But isn't it already obvious?

Anyway... this is not to scare everyone out there... just one of the possible outcomes.. may be opposite... your life, your decision.

This post has been edited by Rooney1985: May 31 2013, 04:17 PM

lol. i am asking who stand to make the most because am trying to see whether there's any opportunity for myself to benefit from a property downturn.
am not really bothered by who loses the most as it wouldn't benefit me in anyway.

as to which category i belong to, i was classified by someone as a DDD camper.
but i would like to term myself as a property enthusiast. it doesn't really bother me so much whether property prices goes north or south or sideways.
i believe some are ridiculously overpriced.
and i can't fathom why some props are not moving north as it should commands.
but in hindsight, i do hope for higher property prices on overall because i dislike the fact that we are cheaper than most of our neighbouring countries. it belittles our purchasing power and our option to migrate (eg a kiasuland fella can buy our props but not necessary vice versa).

This thread will feature a nathan rothschild wannabe coz he will say something else and do something else coz he thinks he can influence market.kekeke

The ones with least exposure to banks, developers and property.

Fair comments... however, purchasing power is more a result of the competitiveness of the country in terms of resource utilisation rather than property prices. Too much corruption, lack of transparency, leakages as well as other factors leading to an unfriendly business environment is reducing the RM's purchasing power... The higher the property prices in Malaysia doesn't mean that you're purchasing power is increasing, it just makes it worst for the locals... for all you know currency exchange may out perform increase in property prices... property prices increase 50% but RM currency drops 80% its still cheaper for foreigners to buy. The Euro zone is already a fine example of this... countries that wannabe great have failed because they just aren't competitive enough to join the big boys.

Kiasu land's currency is larger because for every RM invested there, the returns are higher than in Boleh land... funds are not left idle and people are not lazing around.

Ofcourse there are also other factors, livability, pollution, safety, cleanliness, transport systems etc, etc... unfortunately Bolehland loses out on every front... therefore my conclusion is the prices in Bolehland are at a delusional high and the only way is down??? That's my take la, obviously anything can happen, the govt suddenly cleans up the whole nation in 1 months time... (not impossible) and we really start competing on a global stage.

not really the type of answers i'm trying to look for.

it's true that someone who have least exposure to banks, developers and property may suffer less compared to others who are more vested in those.
but is there any industries or profession which actually benefits correspondingly with direct property downturn?

eg.... when a prop drops 100k, does someone stands to pocket a % of that 100k through other means?

There are industries that profit from downturns... but in regards to your example of the 100K loss?.. no because in the first place this 100K was not added value in the first place but resulting from speculation. If 100K was added to the value in terms of renovations and this was the loss when sold during downturn then the purchaser has made that renovation (i.e. it cost him nothing). However, he would have to consider the total package value as certain price components that went into the property in non value added and paying for non-value added components is what adds to the uncompetitiveness of the nation.

Very interesting question too... this would also mean that any subsequent market transaction that is below the last market transaction would mean that anything above this is consider non-value added pricing (why pay more when one can buy it cheaper)... well once this happens the spiral starts.

Hope that answers your question.

This post has been edited by Rooney1985: May 31 2013, 04:46 PM

humour me along rooney boss for i think you do have some economic flair.

i believe a vast % contributing to our rise in property prices is because of our poor performing currency exchange.
while pricing could be high, what's stopping it to go higher IF our currency performs worse?

on the other hand, if strong economy kicks in, cost of doing businesses might actually go down with better transparency and less corruption.
this in return lowers cost of production including cost of construction.
but this would not translate to lower property prices still as with better economy, i believe consumer would spend more too.
but i do believe they would spend wiser.

can i sum it that poor currency, property price rise in tandem and citizens suffer.
good economy, property price rises in tandem and ties in with citizens' affordability?

This post has been edited by kochin: May 31 2013, 04:50 PM

True to a certain extent that increased property prices are due to currency exchange, but we also have to consider where these resources that go into building are coming from? locally? or imported? if imported by all means factor that into the price.. if locally... well something must be wrong somewhere that the prices are so high (corruption maybe... again not competitive)

If economy together with currency strengthens then well all should be rosy as long as this economic and currency strength is a resulting from competitive advantages... if not then again its just delusional...

I see no reason to disagree with your conclusion... maybe, for good economy, property will rise in terms of foreign currencies... but will remain affordable for citizens... again due to exchange rate (purchasing power).

The ones with lot of cash money, not the young poor guy without any property and money

Please invest in me. zuiko407 I heard you are from this type.

u or z is young and poor... or with lots of cash? which ones?

I just wonder... those ppl that think its going to be bubble soon owns any property?
If yes, why you still owning it?

Im one with properties but little cash only... scary

aiyo AVFAN bro, I very poor one...now looking for investor with cash flow to invest in me

I want....but no enough cash....so I holding cash lo...

You do have a crazy idea to achieve this, don't you? Kind of like short selling eh?

I dont have the cash....

Are you serious on this? But why are you still looking at Tropicana Metro Park, One Amerin Residency@Balakong and CloudTree @ Cheras. You also bought 2 bijis C180, 2 bijis Empire Damansara and 2 bijis JadeHill. You really got 2bijis. Salute.

P/s : all this you bought for friends?
https://forum.lowyat.net/index.php?showtopi...&#entry60744128

This post has been edited by worgen: Jun 1 2013, 07:58 AM

in fact, a lot of places you go will have many empty units....

hhmmm, you're very funny. you do realize in a coin there's 2 situation, yet you say you are only interested to know opportunity instead of losses, when both are actually related side by side. your replies is a bit stupid, no offence. the moment you admitted it wont benefit you anyway, i think it's very obvious you arent a investor or whatever that the people here claim they are.

but you are right on 1 thing, the property some are ridicilous.

Does anyone have any thoughts of MK11 in Mont Kiara? Is it a good buy at 700psf? I know that Kenny Heights is coming up in front of it and will block most of the good views but....it is a pretty nice place, stupid private lift foyer though

For own stay ...why not?

Thanks. That is what I thought too. I just needed to hear it from someone else.

Mk10 better choice

Is MK10 the condo tat had many sports cars lining up for bride???

Not sure about that, mk10 still better choice compare to MK11

No prob. Tq

Yes it probably is but I think I m happy to proceed with MK11.
Thanks.

i 2nd zuiko on this.
mk10 is a much better product compared to mk11.
nevertheless, your choice, your $$$, your decision.
cheers!

Magna Prima graduating to billion-ringgit projects

http://www.starproperty.my/index.php/prope...nggit-projects/

More interesting project coming in Bukit Jalil and Jalan Ampang. Property Price up up up again.

Magna is definitely not a gd dev. Hav been to most of their projects and the finish products r s*cks.

What do you know about mk10 and mk11?

The one in Bukit Jalil is seri Jalil 3 storey link, which almost completed

MK10 still the most exclusive condo in mont Kiara as of now

what are your opinions on the bougainvilla bukit bintang apartment? Apparently KLFID is right on our doorstep so property prices should increase folds then ?

700 sqrt ft is consider as condo!!??

for starters, mk10 site is bigger than mk11 yet having less unit.
mk10, being on slightly elevated ground, have higher height compared to mk11.
it's elevated deck at the podium stretches more than 1km.
each unit comes with steam bath.
and of course, it also scored higher quality rating by bca between these 2.

mk11 main focal was the architectural and it's floating deck podium. some may find it's facade too commercial like.
while mk10 do seems boring but at least it would stand the test of time being the boring old look.
but don't get me wrong, both are good product except i prefer 10 over 11.
11 is more expensive being smaller unit and launched later.

what about seni?
and the upcoming competition from icon, concerto, verdana?

700psf, not 700sf.

hi guys,

which area should avoid condo?
over supply?
anyone have the reference??
is kuchai consideR?

http://www.youtube.com/watch?v=DTTEIOH85Qw

we are been brainwash by developer

good sharing, steven83

good explanation. thx

Mont Kiara. That's what some guru said.

Yes, since the market is overpriced it will (I believe) correct violently and for a short season properties may be underpriced (a la US housing market in 08 and 09).

Someone who has very little (or no) exposure to trouble, will stand to gain easily 100k from buying at the trough and holding.

MK 10 units are big though.

Agree that it is more "value for money" (LOL as if any property is value for money now) than MK 11 but even in any sort of property market, big condo units are slower to shift. An investor needs to be patient.

Rental for bigger unit also typically lower psf than smaller unit and lower demand (due to high cost they have limited takers, mostly expat, as locals who can afford the monthly rent already bought their own residence) and the cost of furnishing is usually far higher.

Just don't buy house. Rent until the banks collapse due to their own terrible lending standards and then get in cheap.

Don't pay a high price just because banks are reckless.

Agreed with you. Pls rent until the banks collapse. Thank you.

Haha. I think many person waiting will collapsed first after seeing more and more properties are beyond reach before the banks collapse

Then let these ppl start collapsing before the bank.

If the banks collapse as severely as some of you insinuate no one will be spared. Please take note of what has happened in Cyprus. All of your immense cash holdings in your accounts will be receive haircuts if lucky and if the banks go under as so many of you are hoping then your deposits are only insured for up to RM250,000.00. SO what exactly are you hoping for and exactly how much money do you have tucked in your mattress ???

hi, im so sorry to change the subject....but i have a question to ask, lets say if i buy now mentari court at sunway for 150k for investment, what is the price 10 yrs down the road. and lets say if i dont wanna sell it after i purchase it, what is the limit price that can be reach...how far it will go.

What makes you think my money is in Malaysian banks?

I don't think so, if the property price are beyond reach. Who will collapsed first? There are so many property for rent....they can even bargain for a cheaper rent. A very clear point is the auction houses are increasing, do you think the bank won't afraid? Do you think investor aren't afraid? Fundamental will judge the future, good show ahead, stay fun with the game and I will be watching the event.

This post has been edited by Steven83: Jun 3 2013, 07:27 PM

aha...another smart dude . We have our account in other country to hedge against RM value drop

You are smart indeed.
The Ringgit has been strengthening against many currencies in the last 12 months.
So which currency are you holding?
The following currencies have weakened against the Ringgit in the last 6 months.
AUD
SGD
STG
USD
I seriously need your counsel.
Gold also has co me down.
I believe that you are the answer to my financial success.
Advise me!
Unless now you are going to say that you are inequities?

Sorry for being a bit rude but I think that if the market collapses then it's going to be pretty dismal for everyone. I hope we all prosper irregardless.

Smart or not I dunno as far as I know is look for opportunity globally. I can't advice much on your status as I not sure about your strategy. Firstly I already left AUD for quite some time and move to other currency and I work on equities instead of putting the cash in the oversea FD. For gold, you could enter now but don't expect to have much gain as US has over sell the gold. The gold can now maintain its status is because of the demand from asian. I'm not specialize in metal stuff, but I feel that if you have the extra. No harm to hold the gold for 1 year, you should be able to see the gain by next year.... but note that nothing is perfect...even comes to property therefore...look at the news and chart often. And...please be careful with any government policy...they are deadly. If u want to know something from me, as return I will want something from you. Therefore you could pm your advice and info to me, we can share our founding.

anything is possible, and I don't hope to see Msia market collapse. But by looking at China company is moving in Msia job market.....I had bad feelings about this...as even China market already slowing down by looking on the data...China won't be as nice as US or JAP or Germany....looks at their human right policy...and how they treat their own people. They going to do a mess on our land soon....THanks to our so so great government.