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 V11 - Property Prices Discussion, Intelligent debates only pls

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Aventador360
post May 31 2013, 11:58 AM

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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.
Aventador360
post Jun 1 2013, 01:13 PM

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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 smile.gif
Aventador360
post Jun 1 2013, 04:59 PM

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

QUOTE(savants @ Jun 1 2013, 04:57 PM)
For own stay ...why not?
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smile.gif
Aventador360
post Jun 2 2013, 06:20 PM

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Yes it probably is but I think I m happy to proceed with MK11.
Thanks.
QUOTE(zuiko407 @ Jun 1 2013, 06:08 PM)
Mk10 better choice
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Aventador360
post Jun 3 2013, 06:29 PM

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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 ??? smile.gif


Aventador360
post Jun 3 2013, 07:28 PM

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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?



QUOTE(Steven83 @ Jun 3 2013, 07:22 PM)
aha...another smart dude  thumbup.gif . We have our account in other country to hedge against RM value drop
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Aventador360
post Jun 3 2013, 07:40 PM

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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. smile.gif

Aventador360
post Jun 5 2013, 03:56 PM

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Can someone please answer if property prices today are higher than they were 10 years ago? In the same vein will they be lower than they are 10 years down the line?
Aventador360
post Jun 5 2013, 04:01 PM

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I am sorry I dont quite understand what you mean?
In 10 years time the prices will be higher or lower than today?
QUOTE(AppreciativeMan @ Jun 5 2013, 03:59 PM)
80%-90% of the years, price is at the highest in that year.
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Aventador360
post Jun 5 2013, 04:07 PM

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If you go back in history have they ever been lower than the previous decade?

QUOTE(prody @ Jun 5 2013, 04:05 PM)
Average property prices now are higher than they were 10 years ago.
Nobody knows if property prices 10 years later will be higher or lower than now.
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Aventador360
post Jun 5 2013, 04:19 PM

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Sorry maybe my question isn't clear. I m sorry but I don't really know how to put it.
If price of property in:-
1993 is lower than 2003.
2003 is lower than 2013 then
2013 is higher/lower than 2023?

QUOTE(AppreciativeMan @ Jun 5 2013, 04:08 PM)
Out of 10 yrs, 8-9 yrs prop prices is at their peak in tat year..... So what would be the price 10yrs time from now?
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This post has been edited by Aventador360: Jun 5 2013, 04:23 PM
Aventador360
post Jun 5 2013, 04:26 PM

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In 1997 the property market crashed to death with me ( in it smile.gif ) but by 2007 it was already higher than it's 1996 high. FYI
Aventador360
post Jun 5 2013, 04:46 PM

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1997-1998 is definitely higher than 1987-1988
smile.gif

QUOTE(prody @ Jun 5 2013, 04:38 PM)
Don't have the data to check. You could check 1997-1998 against 1987-1988.
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Aventador360
post Jun 5 2013, 06:26 PM

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What happens when the property value is less than the loan amount?
Do the banks here recall the loan and auction the property if you dont top up??

This post has been edited by Aventador360: Jun 5 2013, 06:26 PM
Aventador360
post Jun 6 2013, 01:25 PM

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Hi Everyone. I posted this problem on the forum under another heading and didnt get a very helpful response so please bear with me as i post it here on this forum. I know that the subject is irrelevant to property value discussion. In any case this is my dilemma.
I have bought a double storey apartment building of 4 apartments of 2000sf each. The building is on 10,000sf of land. The apartments have strata titles issued. I have plans to gut the building and convert into a double storey bungalow. My problem is how do I get rid of the strata titles and revert back to the original title?
If anyone here can get me on the right direction I would seriously appreciate it. I have been struggling with this for months and getting nowhere. Thanks in Advance.
Aventador360
post Jun 6 2013, 01:47 PM

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Thank you.
QUOTE(tikaram @ Jun 6 2013, 01:35 PM)
Peri Peri Gor can help you.

try the silk residence thread.
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