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 V12 - Property prices discussion, For non "UUU" and "DDD" campers only...

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Nomos
post Aug 6 2013, 12:54 PM

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Raya promo that good? How was it last year i wonder. I would have thought taps are drying up by now
accetera
post Aug 6 2013, 01:00 PM

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This Sunday is the official Grand Launch with the Sultan of Johor. According to Iskandar insiders, more than 2,000 units of apartments have been pre-booked.

user posted image
News from TODAY @ Mediacorp Singapore.
https://fbcdn-sphotos-c-a.akamaihd.net/hpho...856238672_o.jpg

source: TODAY
Anon_1986
post Aug 6 2013, 01:00 PM

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QUOTE(Rooney1985 @ Aug 6 2013, 11:19 AM)
Apologies for the off topic on Johor... anyway... here's another good article to read...

http://www.themalaymailonline.com/malaysia...-says-economist

Key points to take away from the article for me was:-

"Debt-fuelled growth has let Malaysia plaster over the cracks of a softening economy already showing the signs that heralded the dotcom crash and Asian financial crisis"

“Asia’s inconvenient truth, in short, is that the rise in debt has masked deteriorating growth fundamentals"

"The troubling question now is: how much would growth have slowed if it wasn’t for the rise in debt?”

I guess for the past few years a lot of funds (debts) have been dumped into properties to churn out overall growth... which does not create value (in terms of productivity) and the question is how in the world are they going to reverse this false value creation in properties (bearing in mind the illiquid nature of these assets) in order to create real sustainable growth fundamentals.
*
The magic of credit growth is that always creates an "illusion" of a sudden explosion in wealth creation, as households magically fast forward income from the next 40 years to be spent today. Those who fail to appreciate the fundamentals behind credit growth tend to mistake the illusion for the real thing, and their optimism leads to even more credit expansion. However, this trend cannot last forever, and the wealth created is destroyed via the process of deleveraging once credit tightens up.

Not all credit is bad of course. Hedge financing is healthy, whereas speculative and ponzi financing are bad. The problem is we don't know how much is bad, how much is good. I've always taken the view that we cannot tell how healthy mortgage debt is from bankruptcy rates when a market is rising faster than interest rates, as rising prices will increase your asset value faster than your debt even if you don't make a single payment. We'll only be able to tell when interest rates start crawling up. Based on recent news I think it is almost certain that rates will start edging up by the end of the year, and the key question is only: how much?
Rooney1985
post Aug 6 2013, 01:09 PM

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QUOTE(Anon_1986 @ Aug 6 2013, 01:00 PM)
The magic of credit growth is that always creates an "illusion" of a sudden explosion in wealth creation, as households magically fast forward income from the next 40 years to be spent today. Those who fail to appreciate the fundamentals behind credit growth tend to mistake the illusion for the real thing, and their optimism leads to even more credit expansion. However, this trend cannot last forever, and the wealth created is destroyed via the process of deleveraging once credit tightens up.

Not all credit is bad of course. Hedge financing is healthy, whereas speculative and ponzi financing are bad. The problem is we don't know how much is bad, how much is good. I've always taken the view that we cannot tell how healthy mortgage debt is from bankruptcy rates when a market is rising faster than interest rates, as rising prices will increase your asset value faster than your debt even if you don't make a single payment. We'll only be able to tell when interest rates start crawling up. Based on recent news I think it is almost certain that rates will start edging up by the end of the year, and the key question is only: how much?
*
Thus its always a good idea to sit down and reflect not on the number of houses/ apartments/ condos you own... but also truly and deeply consider the amount of debt behind all that which needs to be repaid with interest... biggrin.gif

Unless you have plenty of cash and buy with cash... if that's the case then anytime is a good time to buy! lol!!!

whistling.gif
cockee
post Aug 6 2013, 01:25 PM

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QUOTE(accetera @ Aug 6 2013, 12:30 PM)

In the meantime, our best shopping malls are packed with people and people are makaning out. Imagine that day, all the resto in a popular mall was fully booked. Nia mah...

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Bro, I am in a multinational F&B company. We have access to a lot of food retail information, so I can strongly disagree with your statement about makan out.
The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years.

Just to share.


GottliebDaimler
post Aug 6 2013, 01:29 PM

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I work in the government property sector. I'd like to know HOW having the access to all the property prices in the country can help me. Can being a property agent make use of all the available data?
Rooney1985
post Aug 6 2013, 01:33 PM

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QUOTE(cockee @ Aug 6 2013, 01:25 PM)
Bro, I am in a multinational F&B company. We have access to a lot of food retail information, so I can strongly disagree with your statement about makan out.
The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years.

Just to share.
*
thumbup.gif Good share... thanks!... Btw... hows the dessert market looking like??? Was asked to join into one and am curious... Thanks!

This post has been edited by Rooney1985: Aug 6 2013, 01:39 PM
mIssfROGY
post Aug 6 2013, 02:16 PM

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QUOTE(accetera @ Aug 6 2013, 12:30 PM)
Construction and oil/gas. So much work till dono wat to say.

In the meantime, our best shopping malls are packed with people and people are makaning out. Imagine that day, all the resto in a popular mall was fully booked. Nia mah...
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Let me guess...issit coz its puasa month? Fully booked for them to buka puasa?
That day i went to this Absolute Thai in Gardens MV at 630...NOBODY! but fully booked sign is outside...
feeling disatisfied....i ask la issit really fully book? They told me yes......i was like....wat? 1 more hour to buka puasa woh......nobody at all also @@
wahh this restaurant really dunno to do business doh.gif
zuiko407
post Aug 6 2013, 02:16 PM

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QUOTE(accetera @ Aug 6 2013, 01:00 PM)
This Sunday is the official Grand Launch with the Sultan of Johor. According to Iskandar insiders, more than 2,000 units of apartments have been pre-booked.

user posted image
News from TODAY @ Mediacorp Singapore.
https://fbcdn-sphotos-c-a.akamaihd.net/hpho...856238672_o.jpg

source: TODAY
*
Wow! 2000 units have been pre-booked
cockee
post Aug 6 2013, 02:18 PM

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QUOTE(Rooney1985 @ Aug 6 2013, 01:33 PM)
thumbup.gif Good share... thanks!... Btw... hows the dessert market looking like??? Was asked to join into one and am curious... Thanks!
*
Dessert market very wide categorization, bro. It depends on which subsegments you are looking at.
Some is up, some is down. But overall quite low growth.
Besides the softening EO market, the biggest problem is the low barrier of entry. It is highly competitive.
Easy to start, hard to sustain.
Rooney1985
post Aug 6 2013, 02:24 PM

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QUOTE(cockee @ Aug 6 2013, 02:18 PM)
Dessert market very wide categorization, bro. It depends on which subsegments you are looking at.
Some is up, some is down. But overall quite low growth.
Besides the softening EO market, the biggest problem is the low barrier of entry. It is highly competitive. 
Easy to start, hard to sustain.
*
Its a delicacy, sweet, chocolate kind of concept... And I agree with your last point, everything is great when its fresh but just loses it's appeal after awhile... well... we'll see how it goes.. thanks for your advice!
accetera
post Aug 6 2013, 04:49 PM

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The overall retail market is growing... but it is true that if you look more closely most retailers are struggling.

Our growth is from the big players for example in F&B you have to see Starbucks, McDonald's, Chatime, TGI Friday's, Chilli's, etc... so as long as the big players are doing well, in totality wise, I would say we are doing fairly well.


QUOTE(mIssfROGY @ Aug 6 2013, 02:16 PM)
Let me guess...issit coz its puasa month? Fully booked for them to buka puasa?
That day i went to this Absolute Thai in Gardens MV at 630...NOBODY! but fully booked sign is outside...
feeling disatisfied....i ask la issit really fully book? They told me yes......i was like....wat? 1 more hour to buka puasa woh......nobody at all also @@
wahh this restaurant really dunno to do business  doh.gif
*
Yes all fully booked.... i was at The Curve... even the non-halal ones aso crowded. So ended up in Din Tai Fung which was crowded as well.

This post has been edited by accetera: Aug 6 2013, 04:54 PM
bababanana
post Aug 6 2013, 04:57 PM

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4500 unit already prebook
accetera
post Aug 6 2013, 08:23 PM

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QUOTE(bababanana @ Aug 6 2013, 04:57 PM)
4500 unit already prebook
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Really? Sorry I've to under-estimate here.

My friend say the China is going come big to Malaysia next year. Already 20 trips booked to Iskandar. Is this real???
zuiko407
post Aug 6 2013, 08:54 PM

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Wow! More and more good news
zuiko407
post Aug 6 2013, 08:57 PM

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Wow! More and more good news
Minolta
post Aug 6 2013, 10:11 PM

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QUOTE(cockee @ Aug 6 2013, 01:25 PM)
Bro, I am in a multinational F&B company. We have access to a lot of food retail information, so I can strongly disagree with your statement about makan out.
The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years.

Just to share.
*
Would u have information about eating out at hawker stalls, coffee shops, mamaks, small Chinese restaurants without gov tax?
SUSAmayaBumibuyer
post Aug 6 2013, 10:34 PM

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QUOTE(zuiko407 @ Aug 6 2013, 08:54 PM)
Wow! More and more good news
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Yet some people still focusing and emphasizing on the bad and hope Malaysia fall so that they can buy property.

This post has been edited by AmayaBumibuyer: Aug 6 2013, 10:35 PM
accetera
post Aug 6 2013, 11:54 PM

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i-city soho

taken by HYB

user posted image

This post has been edited by accetera: Aug 6 2013, 11:55 PM
zuiko407
post Aug 7 2013, 12:00 AM

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QUOTE(accetera @ Aug 6 2013, 11:54 PM)
i-city soho

taken by HYB

user posted image
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Very reasonable price, bro

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