V11 - Property Prices Discussion, Intelligent debates only pls
V11 - Property Prices Discussion, Intelligent debates only pls
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Jun 6 2013, 11:10 PM
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#1
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All Stars
21,456 posts Joined: Jul 2012 |
In the last few years; How many of house buyers bought for own use? How many of buyers can sustain installment? How many of buyers bought at "future" price? How much income is needed to pay installment for $300k, $500k, $1m, $2m house? How many of people have these income level? Why average salary didn't go up as fast and high as house price? Why credit card owning is rising? Why certain house price in KL is more expensive than London or Sydney? |
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Jun 7 2013, 06:06 AM
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#2
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21,456 posts Joined: Jul 2012 |
QUOTE(zuiko407 @ Jun 7 2013, 12:27 AM) U still mention USA and japan! You know what happen to their property market or not? Pls check their current status ah boy. What about property market in the U.S? Which State, city and district in particular or in general?This post has been edited by icemanfx: Jun 7 2013, 06:15 AM |
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Jun 7 2013, 05:51 PM
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#3
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21,456 posts Joined: Jul 2012 |
Price went up in the last 5/6 years doesn't mean it will continue to go up in the next 2/3 years be it gold, steel, stock, palm oil, oil, US$, copper or property. Given current income or future (in 2/3 years time) income in Malaysia, are property price sustainable? |
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Jun 7 2013, 05:53 PM
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#4
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21,456 posts Joined: Jul 2012 |
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Jun 7 2013, 11:10 PM
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#5
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21,456 posts Joined: Jul 2012 |
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Jun 7 2013, 11:19 PM
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#6
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Current property hype expect future price rise because of recent increased, which is not dissimilar to stock market pre-1997, oil to reach US$200/barrel, gold to hit US$2,000/oz, palm oil for bio-diesel, US house price before 2008, etc. If investors/speculators in stock, oil, gold, palm oil, property, etc can escape losses at the end of the day, there wasn't a price crash or crisis, and everyone is multimillionaire. |
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Jun 7 2013, 11:38 PM
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#7
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21,456 posts Joined: Jul 2012 |
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Jun 8 2013, 12:04 AM
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#8
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QUOTE(EddyLB @ Jun 7 2013, 11:41 PM) Not disagreeing with you everything goes up, will come down. As I have asked, the crucial factor is "the timing" How certain are you the price will double in 5 years? How many people could afford to buy at that price?When ? I have said it, 1 day, the DDD camp will be right and laugh at the BBB camp But when ? What if the market continue to go up for another 2 years ? Missed the aircond bus again ? What if the market continue to go up for another 5 years ? At that time price doubled, even in year 6 it crash 30%, it is still higher than now. You still make money. Nobody will predicts 100% correctly. It boils down to personal business acumen. In Chinese it is called 眼光. That separate millionaires from the normal person. Millionaires are mostly calculated risk taker No everyone has 眼光. If everyone has it, everyone is multimillionair |
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Jun 8 2013, 12:07 AM
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#9
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Jun 8 2013, 01:40 AM
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#10
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QUOTE(AppreciativeMan @ Jun 8 2013, 12:14 AM) 5 yrs ago ppl says the same statement....... All because loan tenure stretched from conservative 10 years to 20, 25 even 30 years.10 yrs ago ppl also say the same statement... Almost every yr there are ppl say the same statement..... And every yr they'll say this time is different.... Given overall household debt is at alarming high level, BNM will have no choice but to restrict housing loan growth. This post has been edited by icemanfx: Jun 8 2013, 02:00 AM |
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Jun 8 2013, 01:46 AM
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#11
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QUOTE(EddyLB @ Jun 8 2013, 12:16 AM) 50-50 I would say. If you think it wouldn't, then better don't go in. As I said, it is your 眼光 Previous gain doesn't necessary translate to future gain.As for how many people can buy, just look at the following thread.... https://forum.lowyat.net/topic/1936220/+120 A single/highest transact price doesn't necessary represent overall/average market. How many of these TP was inflated for buyer to obtain 100% bank loan? This post has been edited by icemanfx: Jun 8 2013, 02:05 AM |
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Jun 8 2013, 02:49 PM
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#12
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QUOTE(kochin @ Jun 8 2013, 10:07 AM) Story telling time again. Fiction or not, you decide. Don't forget Arabs and foreigners under Malaysia 2nd home program. But question is how many in numbers and percentage?1. A Singaporean who comes to kl occasionally for business. About 3 or 4 times in a month. Bought damai in mk. When asked why, he asked back why not? It is cheaper than me putting up the few nights in M O everytime presendential suite. 2. An indonesian who bought mk props. Only comes like once a month or less. When asked why buy mk? He asked why not? I have many business associates i entertain. It is cheaper for me to house them in my unit than leasing hotel for them. Feel free to disagree. Plenty more stories. This post has been edited by icemanfx: Jun 8 2013, 02:51 PM |
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Jun 8 2013, 02:58 PM
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#13
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QUOTE(EddyLB @ Jun 8 2013, 08:59 AM) If you only look at malaysian property, in long run, you can safely say "previous gain is reflective of the future gain". I started in property since 1980s. It has major ups and minor downs, but the price has gone up in a linear trend. Never experience drastic drop like Japan and USA. That is the malaysian property scene for the last 30 years. Even if it drops 30% of its price now, the price is still higher than pre-2007 price. Eg, a DSL increased 100% from RM500k --> RM1m. 30% drop now --> RM700k. Still make RM200k Buyers naturally asked for the market price. The question is, how many transacted?For the link I posted above, I have a few of the listed properties there. They are the market price now (+-5% I would say) and not single transacted price. But of course, if you are sure the property market will crash in the near future, then you wait. As said before, the timing.....when ? That is the question that will determine you make money or not Before Japan and US property crashed, their value were in upward linear trend also. Currently, property in the U.S and U.K. have lower risk and higher up size than Malaysia. If a person bought the property for his own stay, whether the price increased by over 150% or value is slightly under the water, as long as he could service bank loan, there won't make a difference. The issue with current property hype is many of flippers are ill afford to pay installment or interest payment, and very likely will cause the next property crash. This post has been edited by icemanfx: Jun 8 2013, 07:15 PM |
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Jun 8 2013, 02:59 PM
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#14
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QUOTE(AppreciativeMan @ Jun 8 2013, 10:19 AM) Since u wrote, I'll add another 2 yet Malaysian.... Guess you are a agent for MK prop? What about other similar properties in the same area?1. From Johor, a businessman having business around in Msia's state.... Mostly travel with his wife around.... Bought numerous of property in different states, so he and his wife can stays there whenever they travel there.... When asked why? I'm making money on the place I stay instead of paying ppl. Averagely stays 4-6 days in a mth. 2. From Sabah, frequent traveller to KL, a businessman again. Asked why MK prop? Feels more secure and organize in MK environment. Averagely stays 8-10 days in a mth. This post has been edited by icemanfx: Jun 8 2013, 07:16 PM |
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Jun 8 2013, 03:00 PM
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#15
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QUOTE(Denis @ Jun 8 2013, 11:51 AM) Very good experience! History always repeat itself, if one can wait, believe opportunity like 1997 will return.I have been monitoring the housing price since 1996 and till now the property price is still progressively moving upward (except Year 1998). Regretted not to buy in Year 1997 (during asia economic crisis) a decent semi-detached (2nd hand) with very good location and surrounding sold at the price of RM 260K... Some decisions are crucial in our life... |
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Jun 8 2013, 03:24 PM
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#16
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Jun 8 2013, 03:29 PM
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#17
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QUOTE(AppreciativeMan @ Jun 8 2013, 10:19 AM) Since u wrote, I'll add another 2 yet Malaysian.... They will either need to employ a caretaker at each and every location, or travel with a maid or two to dust off before they could sit and sleep on.1. From Johor, a businessman having business around in Msia's state.... Mostly travel with his wife around.... Bought numerous of property in different states, so he and his wife can stays there whenever they travel there.... When asked why? I'm making money on the place I stay instead of paying ppl. Averagely stays 4-6 days in a mth. 2. From Sabah, frequent traveller to KL, a businessman again. Asked why MK prop? Feels more secure and organize in MK environment. Averagely stays 8-10 days in a mth. There is no doubt, such people exist but how many? This post has been edited by icemanfx: Jun 8 2013, 07:04 PM |
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Jun 8 2013, 07:40 PM
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#18
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Jun 8 2013, 07:43 PM
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#19
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QUOTE(kelvin2080 @ Jun 8 2013, 09:44 AM) 1. Inflation are good reason for property price jump. 2. Demand especially the city like Selangor, KL, JB and Penang. 1. Most of the children nowaday dun like to stay with family. 2. If Malaysia political are stable then investor will come and foreigner will increase (but it's very disappointed to say that crime are increase day to day... haiz) 3. Malaysia location are strategic compare to other country and it's suitable to stay (no Scourge). 4. Malaysia property price are still affordable compare to other country. Affordable mean that malaysian still manage to pay for housing loan. for those people which got RM 3k and aim for semi-D then are different story. 5. If crash, then share market will start to crash first compare to Property. When Property are crash and i believe whole malaysia economic will have problem. In that time, if you have money u also need to think whether it's suitable time to buy property or not? Maybe that time u more worry the company to fire u ... |
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Jun 8 2013, 09:52 PM
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#20
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QUOTE(kochin @ Jun 8 2013, 09:11 PM) By all means, pls go ahead and invest overseas. Choices available to foreigners before they invest in Malaysia.Or if you prefer, dabble into forex or equities or precious metals. Pick your poison. Incidentally, as GBP is cheaper than in the last few years, for Malaysian buying in Britain could have double gain. This post has been edited by icemanfx: Jun 8 2013, 10:07 PM |
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