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 Overall new property price drop next year? , Reason- no more DIBS + Higher Govern Tax

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TSwanted111who
post Aug 21 2013, 10:45 AM, updated 13y ago

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My reason, Heard govern will increase tax and no more DIBS = less flipper = less demand , Another factor that help is a lots of highrise development in Klang valley

Lots of supply + less demand = price drop .

Please kindly share. Thank you
SUSstinky
post Aug 21 2013, 10:54 AM

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no more DIBS = less flipper = less demand = less buyer = less new project = house shortage = increase price for current available units
norman05051984
post Aug 21 2013, 10:59 AM

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IMHO, typical malaysian mentally once property price go up, it will never go down (unless that place got hantu, environment turn to ghetto etc)

I vote for stagnant
TSwanted111who
post Aug 21 2013, 11:02 AM

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QUOTE(norman05051984 @ Aug 21 2013, 10:59 AM)
IMHO, typical malaysian mentally once property price go up, it will never go down (unless that place got hantu, environment turn to ghetto etc)

I vote for stagnant
*
Mind to share why stagnant?
SUStikaram
post Aug 21 2013, 11:06 AM

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QUOTE(wanted111who @ Aug 21 2013, 11:45 AM)
My reason, Heard govern will increase tax and no more DIBS = less flipper = less demand , Another factor that help is a lots of highrise development in Klang valley

Lots of supply + less demand = price drop .

Please kindly share. Thank you
*
we have many agent with many dupes accounts.

u know i know the result won't be accurate.


ProperTYcoon
post Aug 21 2013, 11:09 AM

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You should understand 1 thing,

the trend of Investing in property is an addiction which nothing will be able to stop.

by Removing DIBS and increase RPGT will make the situation worse.
TSwanted111who
post Aug 21 2013, 11:10 AM

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QUOTE(tikaram @ Aug 21 2013, 11:06 AM)
we have many agent with many dupes accounts.

u know i know the result won't be accurate.
*
Maybe nod.gif but beside result i also wanna check on others opinion.I'm into rental play but still it is bad for me if the price drop sad.gif
TSwanted111who
post Aug 21 2013, 11:12 AM

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QUOTE(ProperTYcoon @ Aug 21 2013, 11:09 AM)
You should understand 1 thing,

the trend of Investing in property is an addiction which nothing will be able to stop.

by Removing DIBS and increase RPGT will make the situation worse.
*
You mean price will increase?
SUStikaram
post Aug 21 2013, 11:13 AM

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QUOTE(ProperTYcoon @ Aug 21 2013, 12:09 PM)
You should understand 1 thing,

the trend of Investing in property is an addiction which nothing will be able to stop.

by Removing DIBS and increase RPGT will make the situation worse.
*
how?
ProperTYcoon
post Aug 21 2013, 11:13 AM

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QUOTE(wanted111who @ Aug 21 2013, 11:12 AM)
You mean price will increase?
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That's for very sure, the more the RPGT will be, the price will increase further.

simple theory
SUStikaram
post Aug 21 2013, 11:15 AM

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QUOTE(ProperTYcoon @ Aug 21 2013, 12:13 PM)
That's for very sure, the more the RPGT will be, the price will increase further.

simple theory
*
so during usa property bubble.

usa govt should increase rpgt? solving all the bubble.

wow!. u really property tycoon.

This post has been edited by tikaram: Aug 21 2013, 11:15 AM
TSwanted111who
post Aug 21 2013, 11:16 AM

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QUOTE(ProperTYcoon @ Aug 21 2013, 11:13 AM)
That's for very sure, the more the RPGT will be, the price will increase further.

simple theory
*
I see now, no DIBS , 1st buyer need to pay more + RPGT = cost increase , hence need to flip at higher price. and no matter how expensive, like you mention property investment is an addiction , there will always be buyer. Am I right?
ProperTYcoon
post Aug 21 2013, 11:18 AM

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QUOTE(tikaram @ Aug 21 2013, 11:15 AM)
so during usa property bubble.

usa govt should increase rpgt?  solving all the bubble.

wow!. u really property tycoon.
*
Hi,

Comparing US and Malaysia, understand the Financing Institution at first.

Our Bank Negara Malaysia has implemented the "Strict" rules for Loan Application,

While U.S. approves 2-Generation Loans, which as simple "You might not need any Legit Documents" to get your loan approved that caused the BUBBLE.

Understand 1 more thing, RPGT and DIBS changes the Price of the Property but will never change the Demand.
TSwanted111who
post Aug 21 2013, 11:18 AM

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Thanks for all your opinion , I am positive now.very positive indeed
alexng2208
post Aug 21 2013, 11:18 AM

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QUOTE(stinky @ Aug 21 2013, 10:54 AM)
no more DIBS = less flipper = less demand = less buyer = less new project = house shortage = increase price for current available units
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no more DIBS = less affordable up front over priced homes = more to fundamentally strong locations and market movements = better news for subsale (i hope LOL)
ProperTYcoon
post Aug 21 2013, 11:19 AM

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QUOTE(wanted111who @ Aug 21 2013, 11:18 AM)
Thanks for all your opinion , I am positive now.very positive indeed
*
I'm not very sure about Klang Valley as I'm not Pro in that piece of Field over there.

But 1 thing for sure, if this rule is implemented, you'll get to see higher price in property
SUStikaram
post Aug 21 2013, 11:20 AM

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QUOTE(ProperTYcoon @ Aug 21 2013, 12:18 PM)
Hi,

Comparing US and Malaysia, understand the Financing Institution at first.

Our Bank Negara Malaysia has implemented the "Strict" rules for Loan Application,

While U.S. approves 2-Generation Loans, which as simple "You might not need any Legit Documents" to get your loan approved that caused the BUBBLE.

Understand 1 more thing, RPGT and DIBS changes the Price of the Property but will never change the Demand.
*
dsl now average cost 650k

if the price on a dsl cost rm2 million or cost Rm 300k next year

we still have same demand?


TSwanted111who
post Aug 21 2013, 11:22 AM

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Still have one question, can people afford to pay 10% down-payment for overprice property for sub-sale? let say 400k property need 40k..
asil66
post Aug 21 2013, 11:23 AM

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i think it all depends on the type of properties n location.... i don't think price for landed properties wil drop... but condos n commercial properties, maybe.....
TSwanted111who
post Aug 21 2013, 11:24 AM

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QUOTE(asil66 @ Aug 21 2013, 11:23 AM)
i think it all depends on the type of properties n location.... i don't think price for landed properties wil drop... but condos n commercial properties, maybe.....
*

sad.gif these is bad for me

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