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 V11 - Property Prices Discussion, Intelligent debates only pls

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sayo
post Jun 11 2013, 06:41 PM

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QUOTE(eltaria @ Jun 11 2013, 06:21 PM)
Buyers are waiting now too, no? See who buckle first, personally, I see supply > demand at the moment, Condo's everywhere... even existing condos are at 70-80% occupancy and there's still a new newly completed units coming up...

Interesting discussion, although some off topic, I'll say the next 1 year will decide how things go... need to see how well the new units are absorbed in the 1-2 years time.... the pre 2010 owners wont have problem holding out for higher price since their entry is low. It's what happens with the new entrance that may or may not start a snowball effect. All it takes is just a small ball to roll down the hill to trigger the rest.

Just chirping in my 2cents, not really a regular... outsider's view.
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If I may add,(as another outsider to this forum tongue.gif ) buyers are waiting but actually more like priced out..very frustrating but what to do...I ve been looking to buy a place for own stay for some time now..almost a year...but cannot afford..last few years people still can say half a million condo is luxury high end..but within today, its "normal"..but then again i (like many harworking office dwellers sad.gif dont see my income matching it...look at those price and the condition/quality of the condo..really feel there is a disconnect.

I think certain condos can go up like on monthly basis..recently i remembered g residence..within few months already 100k increase for 1168sq ft. From my hunts i realise now a lot of joint husband and wives buying...even at such high prices 600-700 k above ...but after this group buyer capability truly depleted?
sayo
post Jul 8 2013, 08:43 AM

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QUOTE(kidmad @ Jul 8 2013, 01:33 AM)
look whos talking. Pretty disappointed with how the way you put things. Just because you had a different POV and you would categorize them so lowly?? That's your conclusion? Just because you did not make it, it doesn't mean others had not reach there yet. You do not need to drag everyone down to your level to make yourself happier.  smile.gif

like it or  not.. I'm having difficulty finding a apartment for less than rm400k now. So much about lelong unit and so on.. If you really did try it you will know how hard it is for you to get em.. tried to nego a couple and the owners insisted with the firm price. I'm not too sure whether it's the agent or owner but like it or not they are not desperate selling it and that's for sure. If you look at the trend now.. Anything below RM400k is CHEAP. It used to be RM300k previousll.. but for RM300k i can't even find myself something decent now.. While the figures in my banking account is growing but it isn't as quick as the property prices in klang valley... We are running out of land after all. smile.gif look at where they are building the homes now.

Continue waiting and let's see where you get by 2014? All we need is time to prove you wrong.. backdated from 2007 until now.. how long more should the waiting game continue? Ask yourself.
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sokong..sokong...somehow, for most of us waiting for softenng of the market, i ponder with "nervousness"...is it maybe a new paradigm which a lot of us cannot accept ....like how we use to say this place ulu and all and price is unaceptable, but later turn out to be "ong" after few years...and it became norm...

but I think realistically holding power for this batch of new properties( tier 1/2 areas) will be there cause buyers bought it at 250-400 which bank repayments are reasonable. These handed over properties have risen to between 500-900k today. ...But the next batch (flippers /investors) which entered the market within these past year ...well..maybe will face a different scenario. hmm.gif
sayo
post Jul 16 2013, 08:09 PM

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I think the real time when the price is "falling down" is when..............even DDD will be afraid to buy... tongue.gif

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