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V11 - Property Prices Discussion, Intelligent debates only pls
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bearbearwong
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Jun 8 2013, 11:24 PM
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Hmm rate me am i ddd or ccc or wat..
Saujana villa kajang, asking price 1.4 million, after checking on the sellers backgroung crest and etc,
Price slashed 1m and deal went through, seller can no longer bare loan
The house price outside is realy high, no matter how u say prop go up, in face value, behind, the investors cant bare it anymore it is a fireball...it cuts, burn and extinguish a.k.a lelong
They are merely investing if they hold, it is no more investing your money will be binded under the bank loan
Maybe the price wong go down, but agents, owners need to eat and sleep well, selling at lower price will help
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bearbearwong
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Jun 8 2013, 11:39 PM
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The price issue outside is a real issue, the biggest hurdle is the bank, the askingprice in prop value is not within bank valuation this will not spurr subsales, then there will excessive stocks, what happen next price goes down for sure
However , to qualify my statement i still agree that even in worst economic scenario, still certain property shoots up, but look in totality, the subsales either innumber has declined tremendously, ask the agents and the banks, they will know.
Rental will never be able to cover monthly installment. For coming investors, please bear in mind, a dou le storey in mahkota cheras may be sold rm300k at one point of time, then sold to another at rm450k, and next to 530k, do you really think the property price will ever go up anymore? Most probably not. If it really shoots up potential buyers will choose the other new project eith new design and etc with have far more competative price assuming the current property u want to sell 600k to 700k.
The market is saturated... upon certain limit, it stops no one will piurchase it anymore and you wont sell it at lower price.. then you be stuck with d property forever...
Even if you are purchasing new units, once it cant be sold for one of pricy reason, as time goes by, your units will lose up in as newer projects with different design and addons will defeat it.
Even mcdonalds, kfc, burger king and etc will need to come down with gheir price to suit the market why not prop price? I am ddd..
Ttdi grove kajang osos got some down turns due to some incidents...
A judge once told me
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bearbearwong
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Jun 10 2013, 12:08 AM
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I support Gs, but if the intention is good, it will good. If implementing Gst can help reduce national debt then it begood. Many forms of money taking legally have been seen, such as 1 care, Gst and etc, if they really serve the purpose ...
A clear example, Rm 50 for credit card chargeis totally futile, not even preventing card holders to hold more cards.. instead suddenly increase govern revenue ... and was not channel back to us...
Govern should take stringent measures such as cooling off measures like China did to supress the market property. If the government did not come up with proper guidelines, the investors, agents wil be the receiving ends.. with property waiting to be sell out and end up paying loans instead...
Agents many of them say market for property goes up but the problem is no one seem to be able to buy them... open your eyes manay prejects needless for me to mention allare vacant... and alwayls with a yellow tag For sale and rent..
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