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

no more DIBS = less flipper = less demand = less buyer = less new project = house shortage = increase price for current available units

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?

we have many agent with many dupes accounts.

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

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.

Maybe 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

You mean price will increase?

how?

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

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?

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.

Thanks for all your opinion , I am positive now.very positive indeed

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)

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

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?

Still have one question, can people afford to pay 10% down-payment for overprice property for sub-sale? let say 400k property need 40k..

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.....

these is bad for me

Hi, I don't quite understand your statement as abovestated.

Price increase Dramatically, it doesn't simply Boom up 300% daily/weekly.

Example of the Trend

->Purchase from Developer 650k

->Before O.C. Obtained (According to research/analysis) 15-20% increase to 800k

->After O.C. (Depends on Demand) either it will stuck at 800k, or It goes up by another 5% to 860k

->So that goes on yearly from 2%-5% until supply runs out

what if rpgt suddenrly go up to 200% tomorrow

650 x 2 = dsl house need to sell 650+650+650 =1950k wo.

I don't think government will kill her own people and themselves.

property tycon said " the more the RPGT will be, the price will increase further"

Hi there, 200% tomorrow?

I'm a Property Investor, I do research on the Market, but to be honest and to be frank,

We haven't came across such ridiculous Assumption before as it has exceed twice the Original Selling Price which is impossible.

After rethinking your question over and over again.

Q : If RPGT suddenly go up to 200% tomorrow
A : Subsale Market will gone, no more Foreigner purchase into Malaysia (FDI), no more investments, no more development, the demand will always be there searching for first hand purchase.

As a conclusion, that's the end of the Modern Era.

I feel ridiculous for taking your question seriously.

So within 3 years the prop price increased 30%.
Now let's talk about demand.
Demand is also depending on affordability. We can 'demand' to buy. but if cannot afford also no use, right?
The same situation above; prices went up 30%, but does the average income in Malaysia shoot up by 30% in 3 years?
If not, how to sustain the demand?

Hi there,

First of all, estimated increase of a property yoy is around 2-5%(depends on Location/Type of Property).

If you are talking about an Apartment which cost around 200k, which has significant strong demand. Able to increase up to 50% yoy.

Your question is wide, I need to know what kind of property you are referring to

selective buy and sell

This post has been edited by ecin: Aug 21 2013, 11:39 AM

i ask ridiculous question bcs i get very blur ridiculous info from you.

First of all, how many properties have you invested/harvested?

i am just ikan bilis. not many. relevant meah?

This post has been edited by tikaram: Aug 21 2013, 11:43 AM

Sometimes you need experience to ask a question

okok... i am just thinking buy that 4mil banglow lot in jade hill.... so how it sound now?

I agree with this trend, which I experienced for my two properties that recently VP. The other two that will VP next year are also treading the same trend. It is hard for prices to come down, unless the global economy goes into recession/ depression again. Latest data indicate that US has recovered sufficiently to consider withdrawing the QE. This means US demand for import goods will increase which will benefit our regional economies. KL could be looking at easily 0-5% growth while JB at minimally 10-15% price growth in 2014 for new launches.

Its funny to see each ppl hold on so tightly to their own beliefs.

No need waste time predicting what will happend next year. Concentrade more on increasing current income la. Bubble or not its not a big worry to those with plenty cash reserve.

Quite agreed on what u said so far.
But what do you think about current on-going projects and those completion within 2016?
I think it's still a good investment currently for those still having DIBS now.
But upon 2016 we still need to hold for at least 1-2 years before we sell off.
Since RPTG is going to be increased as predicted.
As I am thinking bout investing in my 2nd property now.

buy it, dont think

With the increased tax and no dibs, property still yields a better % comparing to fd and bonds ( if u consider property as low to medium risk)

Therefore, the BBB continues for the cash rich Malaysians who can still afford the 30% down.... Different goes for the young ones who's trying their luck w 3rd prop though...

RPGT increment will definitely not deterred buying at all... It's just a small fraction of your profit... Not the property price...

This post has been edited by sunrain: Aug 21 2013, 11:52 AM

First, it's called Bungalow Lot, not banglow lot.

Whatever your purchase is definitely not a part of my expertise as you might have to consider your "Construction Cost" if you purchase an empty lot.

For more specific, if you are "Thinking" to buy 4mil bungalow lot, what does it has to do with anything here?

Why drop?
Land = Less
Demand > Supply
Population = Increased
Construction Cost = Increased

Went to a forum... was told we need at least another 2 million houses in coming years but we can only produce roughly 150,000 houses. So demand is always higher than supply. Price will continue to increase just depends on how % every year.

once i bought it.

i will scan by booking form.

oh... yes last time i finished you.... u said i never own any property and u got no ball to take my challenge.

if i book. i scan and let other see my 4mil booking. not letting you see only.

This post has been edited by tikaram: Aug 21 2013, 11:53 AM

Hi there,

If you're still having strong holding power to hold all your purchase, you are encouraged to Buy.

But don't worry about DIBS, DIBS means Developer Interest Bearing Scheme, and Developer will come out with something new called

"Developer Rebate Interest Scheme", the Bank Negara is going to say NO for interest bearing but it doesn't says anything about Rebate.

Don't have to worry about the Market, there's always more to come, stay tune

yes, sometime to do with the discussion. just let you got some people are more humble. ( but i don't mean it is me, some)

U have a point there bro. Cause developers will always think of another way to lure the buyers/investors.

Similar to credit cards where bank negara impose the service charge, but still banks are able to go around that some how .

Hence, I am still very positive with the market although hearing plenty of uncertainties currently.

But by doing this, the richer will always be richer and those first time buyers will be getting harder & harder to get their new house (unless they are having financial help from their parents)

congratulation!!! hey price drop soon, you dare to buy?? kekekeke

I was blaming myself for being ridiculous, "feeding the trolls" with fins

now you telling not you to buy!!! come on! you like to simply talk, and talk for fun.. buy this and buy that..but actually buy nothing

Landed property will drop only when petro price increase 1000% or car price increase 1000% or toll increase 1000% or parking fees increase 1000% or road tax increase 1000%

When ppl not afford to drive n jam in the road, condo near public transport become ong ong n expensive.

Sometimes I see you guys fighting also I feel funny .. from one battlefield to another

Semua also tycoon tycoon ... like fighting for amusement only ... lolss

Sometimes like kopitiam thread already..

http://www.starproperty.my/index.php/artic...wards-year-end/

Hi there, there's only 1 tycoon and I have absolute no intention to involve in any argument/fight/whatever you name it.

I'm just sharing my experience/opinion/analysis.

You might agree or disagree, but everyone have their own opinion

I try to post a ads to lease out my apartment at puchong, damn damn many ppl call me n come to view house.

Demand definately very very high in certain area

Impossible that house price will drop, unless there is no job offer at klang valley, the rest is not a concern at all.

Hehe .. no offense ya bro
I geniunely found it funny ... was poking at Zuiko n Tikaram bosses actually
Appreciate your inputs n views btw

1)As i know this tikaram also bought few properties and doing export Banana business.

2) ProperTycoon - Pls advice how to identified someone is factually a tycoon? by nickname, own portfolio, or well known?

3) 1ullaby - Take it easy, we are small ikan bilis to learn how to be a big Fish...haha..

Cheers

oh that bangalow?

yes...it is me who thinking buy it.

but ...not going to let u see my booking form la.

sorry to disappoint you again.

i just signed my offer letter with scb for my sentul condo.

this condo is selling like hot cake.

until newspaper also report.

see how i should finished this person, again!

This post has been edited by tikaram: Aug 21 2013, 01:29 PM


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I no like figthing la.

this zuko ah... suddenly jump and do the attacking ma when i post to propetytycoon.

last time like to check people buy where, buy where. always follow back side.

i did sound a bit stupid, reply him. what to do? u read his posting. very be ta han one.

funny meah?.... okok i stop la.

This post has been edited by tikaram: Aug 21 2013, 12:50 PM

Hi, I have absolute no interest to Identify anyone with any kind of property/background as I do not wish someone to Identify mine as well.

I believe there are private and confidential stuff which sometimes it is meant to share and some are not.

Some people don't do it for security reasons, and some brag for no reasons, there are plenty of people with several kind.

Referring to the topic, stick to the topic and that's it.

Not a concern now but later when stock market corrects ...... hoho ... u see la

haha .. no ler i think you enjoy each others company very much

ps do you really sell bananas? tell the truth la ... may need your advise

This post has been edited by 1ullaby: Aug 21 2013, 01:20 PM

Actually I hope to be big shark hehe

Tapi tak tau how ... sigh

I wanna ask ur opinion on an area ... pm u soon i jln jln there first

Ahhh..... You always said price drop and now u buy! Do u mean that all property price drop but yours is still up??

Referring to the topic, I think the price will be stagnant/increasing subject to gov policies & economy performance. Not really a chance to drop.

According to my father, the price has been increasing all these 30 years except it went down for a while in 1987,then shot up all the way until this year. A double - storey bought for 140k back then was sold for 600+k this year despite the drop in 87. Ofcoz the price is increasing crazily only in these last 4 years.

According to Milan Doshi (property market cycle) , the price goes upward, stagnant for a short period, then climb again.

This post has been edited by clarence1986: Aug 21 2013, 03:32 PM

Sounds legit, this should be directed to the younger generations. The future bread winners, i think without the support of parents on this. Even a down payment is not affordable.

I personally dont think it will go down.
Why? Here are my honest opinions

1) In recent years has price of materials, goods and services gone down or up? Do you see this trend changing next few years?
2) Ringgit is weakening compared to alot of other currencies
3) Still very cheap compared to neighboring countries when we weigh in infrastructure that is available and land value
4) I remember reading the Gov wont take away DIBS but they will keep it in view and monitor it. I also believe without DIBS, the low and middle income will suffer more cause they have to consider more now that they have to start paying earlier.
5) Do you think no DIBS will stop flippers, rich tycoons and foreign investors?
6) A lot of business seems to be picking up in the Asia region causing a healthy growth in FDI. Meaning flow of monies injected into the economy which sonner or later causes inflation based on supply and demand.

Dont quote me... This are just my observations with other countries as well and how inflation works. Remember how much illicit funds flow out of the country... So thats another factor which plays heavily

When ringgit weak, cost of raw material from china also increase

Hi Savants,

R u sure the forum that u went in stated we need at least another 2 million houses in coming years?? Is it logical?? 2 Million houses for who to stay?? Our population grow so fast??

Yup... exactly...
Things has always gone from expensive to siao expensive

Last time Rm 50 can get you one push cart full of groceries.
Nowadays if you can get a bag full of groceries in a recycle bag you will be laughing to your car.

With all these things happening, I don't think it will change anytime soon.
Things will collapse when MNC pull out operations from our country and job unemployment rockets. Only then will I see property getting stagnant and slowing down.

Even then I dont think it will go down for a couple more years.

Reason why MNCs are still interested in Msia is cause we are cheap compared to places like Singapore and any other asia countries cause we have good infra and work culture.

This post has been edited by Neocable: Aug 21 2013, 04:06 PM

Then it means ringgit weak, raw material buy from china increase means house price increase means buyer need absorb. Of coz rising the price lo ... developer wont be so crazy and absorb all the increaments.

Haha jastan we need 2mil for Banglas in 5 years. So yes there is demand. Supply is trying to catch up

Usually the steel and glass are from China

But the actual fact is that how they gonna afford?? The target group is way off!

not only the 10%, the initial cost is 15% from selling price.. 400k prop require ~60k!

U forget they share 30 ppl in a small house. So we will be overpopulated soon.
Then again you can see Banglasia in town...
Btw no offense to any Bangla frens....just that our gov is screwed up

For the question,

How to get 10% downpayment?
2 Solutions

1) Withdraw from Account 2 of EPF

2) Mark-up the Price to get Full Loan

2 Mil residential prop is needed. Thats what i heard

This post has been edited by savants: Aug 21 2013, 04:52 PM

It all based on research and gov static... which i dont have with me now. Many ppl moving in fr urban also expat. We have a total of 50% population which is still under 30 yrs and most is still looking for their 1st house.
The number is scary but this is what being told in the property convention.

data from napic ?

Hmm very interesting stats. Are they reliable?
Cause 50% population under 30yrs is huge.
If that be true demand will overwhelm the supply.

Better start buying more properties now

Demand from >30yrs old indeed high. There is a lot friends around me asking about house/new launch. Some of them get thru with their parents support but mostly hold back due to price UP UP UP!

I strongly suggest that DIBS should remain but monitor closely. This hell of thing does help youngster hell a lot. Or should they put some trick that only <30yrs old can apply for DIBS?

Dont curi2 makan sendiri - Plz share and lets whack together

Agree and based on another forum-er info, 50% of malaysian still below 30 and buying their 1st house. 60k cash for people below 30 ? not sue to bankruptcy due to PTPTN also considered very good already , need buy car , give family money... how old would they be till they save 60K cash ? and it is only for 400k property - which nowadays buy only condo/service apartment.

that being said, buy more apartments because it would have bigger market pool in the future

This statement is a gem

but sadly nobody give any feedback ... guess most of them who post here is already playing in million ringgit field . 60k cash is just like 60 cent for them , Hope can get some insight regarding these issue from someone to guide young investor (ikan bilis investor)

Price increase = million dollar landed property investor

but for 300-400 k pigeon hole investor how? can someone pls share?

Need parent to support 60k cash? IDK, in my opinion most of them will give these reaction then they will nag.... you work 5 years 1st.... payoff you car loan/PTPTN 1st ... get GF/BF 1st.... married 1st... have kid 1st....you know how many young malaysian go bangkrupt? all sort of rubbish.

if we buy then go sale it at sub-sale , people who buy it from us need 60k cash ... question is can they afford it?
Guess it is a bad news for flipper , Btw when i visit propwall recently i can see alot of puchong setiawalk unit goes under lelong guess flipping fail for those who aren't so lucky

This post has been edited by wanted111who: Aug 21 2013, 11:38 PM

Pm the apartment please...

ei??? what happen? all setiawalk auction in propwall has gone? swear i saw a lot unit few days ago... but i property still have alot of setiawalk auction.... something is fishy here

And the price didn't drop at all, not one bit

This post has been edited by wanted111who: Aug 21 2013, 11:55 PM

Those with family do not like setiawalk due to noise pollution from the bars n pubs ... Demand is really bad for subsale

This post has been edited by sunrisecollector: Aug 21 2013, 11:59 PM

Buy sub-sale with RM 60k cash, i think the amount is decent enough as downpayment but unpredictable. RM 60k cash upfront, many executives age below 30 might unable to fork it now without the parents' help but there are also a lot of people able to fork out such money of RM 60k till RM 100k to buy first first house and also upgrade from existing house where, they can use the fund for renovation and furnitures and etc.

Setiawalk recently has a lot of units leong? Is that true? Profit consider good dy still can get lelong, and not tat no demand at all thats weird. Is that retails or apartments? If retails I know lah, got few units previously, but sapu-ed dy.

still have , try google 'setiawalk auction iproperty' but the price is still high. the auction i saw at propwall fewdays ago is cheaper around RM 3++ PSF. but today it is all gone... not a single one left... i guess SP setia buy it back to maintain the price?

Ya, I just check it but 0 properties appeared in the propwall. Only has shoplots as below via iproperty ads ;

===================================
= = = BANK AUCTION PROPERTY = = =
===================================

BANK LELONG!!
- One of the most popular property in Setia Walk, Puchong!!

-- FREEHOLD
-- Below MARKET VALUE
-- High value appreciation
-- Ideal choice for investment
-- Good location

Grd Floor - 1859sf - RM1,800,000
1st Floor - 1929sf - RM1,300,000
2nd Floor - 2899sf - RM1,000,000
3rd Floor - 2899sf - RM1,000,000
4th Floor - 2899sf - RM1,000,000
5th Floor - 2740sf - RM950,000
6th Floor - 2740sf - RM950,000


~~Reserve Price : RM 950,000.00 - RM 1,800,000.00

~~Property Type : Office/Retail Lot

~~Property Area : 1859.00 sf - 2899.00 sf

~~Auction Date : 15-08-2013

~~Address : [contact agent] , Block I, Setia Walk, Persiaran Wawasan, Pusat Bandar Puchong, 47160 Puchong, Selangor

so free?
Dun assume, proof?