Its not as bad as you think.
We are different from Spain and Greece because their cost of labour is far more expensive.
Its true that Spain, Greece, and other EU countries and the Malaysia government spend too much, but because our labour cost is lower, businesses move to low cost regions during a downturn.
Our ringgit going down against the USD is actually also a good thing because it makes our exports even cheaper.
In Australia, they were bragging how high their currency is against the USD, but then came the announcement Ford was pulling out their car manufacturing from Australia. In fact manufacturing in Australia is only relatively small sector.

The Malaysian economy can still be saved by the private sector.
Do you think the MNCs in Malaysia are sitting still while the rest of the world become more competitive?
In Penang, local management in MNCs like Intel, Altera, Sony, Agilent, etc. are working hard to transform even if the government does not.
Working hard to bring in more product lines, jobs, etc.
I admit that MIDA does work hard as well, but you should be thanking the Malaysian Managers in these MNCs to not just say, we are cheap, but we are also capable.
Not just Penang, but elsewhere in Malaysia.

However. I would be extra cautious in property investment in 2013.

Rental are really crazy..some places listed as higher than another place with facilities..rental look like its going down..

What do you mean? some places listed higher but still rental down???

With sarcasm, do you think these people are just pure investors or homebuyers? Hahaha...


bbb mode is back in subang jaya with @cylee pic from empire remix2

This post has been edited by accetera: Aug 2 2013, 10:54 PM

Wow... Looks like buying Vege...

Gosh! How much psf??

Developer sell SOS... but buyers think can be like Hostel for Segi Uni new campus.

The area is very quiet now...

720 sf - RM419,800
688 sf - RM408,800
596 sf - RM350,800
583 sf - RM350,800
450 sf - from RM262,800

If you notice well, a lot of factory worker are moving to property region because of salary issue. Let's don't discuss about Greece yet as Greece crisis has nothing to do with property. Yes, Spain cost of labour is far more expensive but at the same time they having a lot of foreign workers as well. My future prediction is all the private sector are mostly construction. I don't believe that purely construction income are good for our nation as property can't be export. Investor may come and buy the property....all they want but don't forget when they want to sell it...who they can sell it to? In the end, the property are going back to Malaysia. This is a crisis that soon coming. What I highlight is Msia are going Spain way as Spain majority private sector are just construction before the property crisis.

Oh ya, I know the local management are doing it hard. But, statistical won't lie. The MNC are going down after so many year of tried hard. Our MNC industry has been stagnant for more than 10 years before it start drops few years ago.

Anyhow, I will be watching

This post has been edited by Steven83: Aug 2 2013, 11:22 PM

I know what they are and what is their background.

They can't afford to mass around with their property this time, or their people are going to sleep on the street or in Johor So...now they turn to rich China folk or foreign workers that will give better tax rate. The local hates it but they have to live with it, Singapore don't have another way around or it will be game over.

This post has been edited by Steven83: Aug 2 2013, 11:16 PM

preview event held early this morning...


la thea residences 16 sierra puchong south

This post has been edited by accetera: Aug 2 2013, 11:41 PM

yup apartments listed higher or similar rental to a condo. or that the rental within the same building differs widely. so some rental rate is likely to go down. those enter late might not be able to pay their monthly repayment then.

The good for property investment over shares:-
1). Low interest rate 4.3%
2). The profit is calculated based on vested capital not the cost of the house.
3). It is tangible. You can buy for staying or investment. For shares investment, it is intangible.
4). less risky but good for appreciation. (Average 8% p.a. increment at least)

No doubt sifu kochin is good at property investment.

This post has been edited by Nepo: Aug 3 2013, 11:19 AM

Isn't Empire remix on commercial strata? So I would think most are investors hoping to rent out.
I could be wrong.

once upon a time, ppl used to Q for 3 days for new property launches. Now at least you get to ballot.

BUY BUY BUY ppl .... u can at least make 2 or 3x. So far it has only gone up 2-3x, i think it got room to grow another 2x.

All condos will be priced above RM1k psf from the current avg RM500psf. So average 1000sf unit will sell for RM1 million ...

BUY now before it is too late ppl ...

what is 2-3x? sap sap sui oni... shanghai prop price gone up more than 10x in 10 years time. scary or not

Apartment within 3rd ring road in Beijing and Shanghai is over rmb50k psm. Why only rm1k psf in kl not rm2k+ psf?

Maybe hav to change d saying..
Buy at own risk to
Don't buy at own risk?

How many u bought?? 😄😄

😄😄😄

More "sai" to come when Fed taper off.....☔☔☔☔

💣💣💣
💸💸💸
😭😭😭

Bank Bumi merged with another bank to form Bumiputra bank ( ie BCB), and was later merged with 2 banks over 6 years ago to form CIMB with Dato Nasir leading the group.

Since CIMB was formed in 2006, it has acquired southern bank in 2007, and a list of foreign banking entities...