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 V11 - Property Prices Discussion, Intelligent debates only pls

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prody
post Jun 5 2013, 09:03 AM

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QUOTE(AMINT @ Jun 5 2013, 01:04 AM)
Ya maybe la. I also didnt wanna point out subsale price earlier (even though mr.joeblows bashed me for doing so) because all the subsales i have all increased in price. So i just quoted the same units from developer also increased in price, apatah lagi for subsales for good props. I think the difference here is good props vs bad props. Bad aka tahi props of course dont have good demand. Good props do. I am getting irritated by agents who keep calling me to sell some of my props and i can tell u the price that they r offering keep increasing month after month.
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What are the subsales which increased in transacted price?
What is the difference between transacted price and asking price?


prody
post Jun 5 2013, 09:44 AM

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QUOTE(AMINT @ Jun 5 2013, 09:11 AM)
The ones that increased in price for subsales: ayu series (setia alam) and nadayu 92. Those are based on transacted price, not asking price. Asking price is the price that the sellers are asking for while the transacted price is the price that the buyers have agreed upon. The developments i quoted were based on the props i bought and not from someone else
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Thanks. smile.gif
I meant to ask if the asking price for those developments is higher or lower now than the latest transaction price you have.
prody
post Jun 5 2013, 11:59 AM

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QUOTE(AMINT @ Jun 5 2013, 11:03 AM)
I am talking about monthly basis bro. This is the updated one. Keep rising
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It's possible that cheaper landed in outskirts still can increase a bit.

Investors like to buy two instead of one I suppose. smile.gif

More expensive landed doesn't seem to be moving.
prody
post Jun 5 2013, 12:45 PM

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QUOTE(sylar111 @ Jun 5 2013, 12:11 PM)
If house price drop. Own Stay also will cry. You had the opportunity to make some money and you blew it just because of "Own stay"
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I'm own stay and would not cry.

Trying to sell my house but nobody even wants to come view at these crazy prices.
prody
post Jun 5 2013, 01:34 PM

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QUOTE(tikaram @ Jun 5 2013, 01:08 PM)
u already said crazy price.... lower down abit la.... sure got people view one....

can also pm me? I might able to help your buyer get valuation high price...FOC one.  smile.gif
*
Must sell at crazy price now, since next plan would be to rent for a while.
I'll only sell at normal price once my target houses also drop to normal price.

The problem is there are no buyers. smile.gif
prody
post Jun 5 2013, 02:22 PM

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QUOTE(AMINT @ Jun 5 2013, 01:50 PM)
My normal principle: buy around rm400-600k. Anything i.buy above that i would expect a slow sale but bigger margin.
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Yeah, the higher the price, the lower the pool of potential buyers.

prody
post Jun 5 2013, 03:05 PM

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QUOTE(sylar111 @ Jun 5 2013, 02:59 PM)
Are you saying that no one is buying right now?
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Nope, there are people buying.

But they are mainly buying new.
prody
post Jun 5 2013, 03:45 PM

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QUOTE(Drian @ Jun 5 2013, 03:15 PM)
I remember 3 years ago people were spelling doomsday for the property market.  Until now, nothing happened.
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If 100% of the people are right 100% of the time it would be a boring world.
prody
post Jun 5 2013, 04:05 PM

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QUOTE(Aventador360 @ Jun 5 2013, 03:56 PM)
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?
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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.
prody
post Jun 5 2013, 04:38 PM

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QUOTE(Aventador360 @ Jun 5 2013, 04:07 PM)
If you go back in history have they ever been lower than the previous decade?
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Don't have the data to check. You could check 1997-1998 against 1987-1988.
prody
post Jun 5 2013, 04:40 PM

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QUOTE(Aventador360 @ Jun 5 2013, 04:19 PM)
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?
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Nobody knows. smile.gif
prody
post Jun 5 2013, 04:42 PM

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QUOTE(AMINT @ Jun 5 2013, 04:35 PM)
dont u think it is already bad enough now that banks only give LTV70% for 3rd house onwards? Still I dont see the aftermath effect just yet. If LTV70% is lifted, all hell will break lose on prop appreciation.
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Banks should put more restrictions in place. My wishlist:
1 Higher RPGT
2 Lower LTV, maybe 4th house 50%, 5th house 30%, 6th house and above 10%.


prody
post Jun 5 2013, 04:56 PM

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QUOTE(kochin @ Jun 5 2013, 04:52 PM)
how high do you wish for rpgt?
anyway rpgt still means profit to the investor. unless he's selling at a loss.
and some tricky bastards do have creative accountants working for them.
if set too high, might damper growth.
perhaps more viable to lengthened the period? say 10% or 20% until 10 years?

lower LTV?
again, some creative investors can always opt to free up their liabilities through transferring 'profitable' assets into a company account, and they are able to reset their LTV quota.
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First 5 years 50% will do. 10 or 20% is too low.

It's no problem to hamper growth. Growth because of extreme housing price increases is not real growth anyway.

I know some people will get around rules, but not everybody will. There will be some effect.
prody
post Jun 5 2013, 04:58 PM

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QUOTE(wwwcomment @ Jun 5 2013, 04:54 PM)
for me eventhough the price is up every year, if it is up with a precentage lower than inflasion, then it should be considered as down.
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Yes, a boring 3% a year housing price increase is good.
prody
post Jun 5 2013, 05:06 PM

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QUOTE(ngaisteve1 @ Jun 5 2013, 05:04 PM)
think 3% p.a. increase not enough to cover bank loan interest which is around 4.2%
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There's no problem with that for me.
prody
post Jun 5 2013, 05:07 PM

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QUOTE(kochin @ Jun 5 2013, 05:05 PM)
that might work.
i have no problem with this.
at least reduces flippers.  thumbup.gif
*
Might? smile.gif LOL
prody
post Jun 6 2013, 08:59 AM

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QUOTE(kochin @ Jun 5 2013, 05:12 PM)
yeah lah.
but so many creative people at work nowadays.

5 years? sap sap sui.
there's launches stretching to 48 months delivery now.
so only need to hold one additional year.

some also allow free maintenance for 2 years.

coupled with DIBS, renovation loan, blah blah blah.
the average joe can still leverage to the max.

may i suggest:
1. no dibs (goes together with no creative financing nor funny rebates)
2. 20% downpayment ... period (no financing, no rebates, no discount, etc). if insist on discount, pay 20% of absolute final price. no subsidy into mark up price
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Main effect would be psychological.
Raising it so such a level would make a definite statement by the government that they want the market to cool down.

Number 1 is a good addition.
For number 2 I would stick to 10% downpayment. 20% would be a bit unfair to people who actualy buy houses to live in them.

prody
post Jun 6 2013, 09:04 AM

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QUOTE(Steven83 @ Jun 5 2013, 05:59 PM)
hahaha....during the 2008 -2012 times, the property price rise more than 3% per annum. Even better then you work in a factory or so. Funny when I saw the price hike like money fall from the sky.
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Yeah, no kidding. I also saw my house asking price shoot up like crazy at some point after years of slow increments.


prody
post Jun 12 2013, 01:50 PM

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QUOTE(malibuchong @ Jun 11 2013, 06:54 PM)
there will be a lot of buyers if you lower down your selling price which you will not going to do that for sure.
if really lower down a lot, do inform me, will get from you. icon_rolleyes.gif
*
Yeah, no point to lower it down a lot at this moment.

But things may change in the future, will keep it in mind. smile.gif

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