of course you have to find the subsale house which the renovation is suit to your preference. you can't buy a bali style house and want to make over to modern style, it will definitely cost you a lot....
one of the good of buying a subsale house is you can see the present and future development, its future potential rather than listen to what the sales guy talk of the future of the new property.
most important you can have a good sleep since the first day of paying the downpayment. if you buy a new property from an unknown, small property company, you will feel the pain...

（吉隆坡17日訊）國內經濟受內需照拂料續保持強勁，通貨膨脹增長溫和不足為患，經濟分析師相信，國家銀行年底前將升息25個基點或0.25%，從3%調高至3.25%。

Interest rate might up .25% to 3.25%, according to analyst.

sos: http://www.chinapress.com.my/node/440811

Hi guys...

MIDDLE CAMP reporting... M camp is also means Make Money Camp regardless of Up or Down.

欠管理费锁水禁停车　3大疑问待研判

Latest news today:

http://www.theedgemalaysia.com/commentary/...ehold-debt.html

Brief summary:

- household debt is at it's all time high in 2012, 83% of GDP
- income didn't increase
- in Asia, it has been noted that Korea, China and Malaysia are the most leveraged economies in terms of magnitude and growth and hence most vulnerable.

Be prepared for the bubble to burst guys.

but if u only have so much money left, will u buy house or buy food to survive?

in the US interest rates almost 0%...but ppl are losing jobs on a daily basis in 2008 and cant service loan, so props of coz go down lo.
U think in Msia if interest rates down to 0% and ppl are losing jobs but props still can sell at 1000sf?? yeah...rich ppl still can buy this no doubt

Then we hav 1998 for us as a benchmark. KLCI went down to just 200++ only but did we hear any property firesales? They were people who lost property due to bankruptcy of course but not because interetst rate increase or interets rate went down.

Thats why i said. We still hav epf as a safeguard. I was imagining the cyprus incident happening here. And if it is that bad, out epf that is in trillions, can still save us.

I m newbie in property....

People suggest government to raise interest rate to reduce speculation...

This report doesn't sound so convincing, RPT-Fitch revises Malaysia's outlook to negative; affirms IDRs at 'A-'/'A' ...

Means the gomen is taking steps to prevent the "crash". No more worry about "crash", right?

To me, real home buyers wouldnt queue up like that, especially for a condo at that price in Sentul which is an area im almost certain many of them havent lived in before. If they were selling DSLs maybe... But these condos? Im not denying the project is attractive. But if these people wanted, they could have bought nice existing condos in the vicinity.

http://my.news.yahoo.com/penang-turns-cons...-085100075.html

Please continue to push the property price up. We are now official Spain nation

Lets see how our job going to further shrink for construction job to replace.

Another side effect from the decrease in the money availability is that it will help push the short term interest rate up. We do not expect to see any credit easing from the government anytime soon as they are serious in reigning in the excessive credit expansion from the past. Due to the past policy on credit easing it resulted in an explosion of household debt which is one of the highest in the region standing at 83% to GDP. The following chart shows Malaysia Loans to Private Sector from July 2011 to May 2013.

As you can see the month of May 2013 tops the chart with the total of MYR 1244470.60 billion loan out to the private which includes the household and business. Hence our Government has no choice but to put a hold on further credit easing and as a result there is less money available for loans.

The decrease in money available in the economy leads to a decrease in investment and spending as the availability of capital becomes more expensive to obtain. Banks which have obligations such as to make available funds for the redemption of Wealth Management products will have no choice but to borrow from the interbank market or KLIBOR (Kuala Lumpur Interbank Offer Rates) which is more expensive or through the issuance of new products. Hence with the difficulty in obtaining finances through the interbank market this will help push the interbank rate higher in the short run. This limiting of access to capital also slows down economic growth as investment decreases.

http://www.malaysia-chronicle.com/index.ph...2#axzz2aznAcibb

http://www.channelnewsasia.com/news/busine...ore/766250.html

Hmmm... is this news telling us something about future property prices in bolehland?

http://blogs.wsj.com/economics/2013/08/05/...adds-to-unease/

tsk tsk tsk... boleh land is really boleh land... with everything dropping from currency to trade surplus somehow they can still find the time and focus to give hand-outs... LoL!!!! How typical... Hmmm... wonder how much longer till we adopt India's approach (raise interest rates) maybe by then it might be too little too late...

In general all is down except foodcourt.
You can get these info from agencies like euromonitor or mindshare.

Is it possible to drop so much? I thought Dubai was a heaven... Lots of investors invested in their properties.

None from China? Indonesia?

 

It is important to look at things in its context.

Property in Malaysia boomed in the past few years. No doubt.
Anyone who purchased anything back in 2008-early 2010 made quick and abnormal profits. We acknowledge.
But economy is dynamic. Strategies that worked 2 years ago might, or not, work now or next year.
When someone are pointing out signs of bubble and its probability of bursting, they are merely interpreting the available data. If you dont understand the info, data and graph, just go learn instead of argue. Even if you understand, doesnt mean u have to agree.
More importantly, not all those pointed to signs of bubble are those who can't afford a home or missed the boat.

From personal experience, I made good money in the past few years from property. But I know economy dynamics will change, thus I balanced my investment portfolio by selling some properties early this year. Yea, that put me in DDD camp.

The way I see it, there is a time for wealth protection, and there is a time for wealth accumulation. My view is 2009-2012 was a period for wealth accumulation from property. From 2013-2018, the game is about wealth protection.
It's like u've won RM30k at the roullete table in the first 15 games. So you're thinking.. "Shud I go on, since I'm on a roll here?"
Some will say "Yes" if they want to accumulate more wealth. Some will say "No" to protect their wealth.

For now, I think there is more compelling reasons to be cautious than to continue. Maybe i can make this choice because my path to more wealth is not limited to properties.

Just my 5cents.

Unfortunately to connect the dots and draw a conclusion is far too outstretch to most people.

So better don't do it if you don't know these stuffs. Just continue to be prudence financially (don't over burdened with debts. New wave against debts is coming near), save money and be prepare for 200 - 300 basis point (or maybe more) interests rate hike at least for mid term, i.e post 2015.