Although we don't like it, but the flippers could make much more in % wise. With DIBS and zero entry cost, flippers could buy a studio for RM300k. Their cost is maybe RM8k (stamp duty for S&P and loan). Upon VP, they flip it for RM400k. Their profit is RM100k. Their capital is RM8k. Their margin is hence 1250%. In effect, they use RM8k to turn it into RM100k 

Seems like a lot of people will be hit by johor scheme.

it is not logical anymore.. high rise which is obviously oversupply and if they cant sell it for half a million and above planning to rent the said property out for 2k-2.5 k so that can cover their loans.. u tell me ppl if really fork out that 2k-2.5 k why not they just purchase it so that they are paying something which they will be owing rather than to ease these flippers...

shop houses now 4 storey lately was a hit selling at RM2M by developers and then 5 M of course by high end flippers come one.. even with 2 M how much are u guys servicing the loan easily 9K pe rmonth.. of course again u will plan to rent it out at least 10k-15 k.

what kind of business you are operating haizzz.. most of the time even in mature area like puchong, shamelin, maluri, taman miharja, Klcc areas, plaza pekeliling and many unlisted needless to say.. only the ground floor is being occupied the 2, 3 4 floors are vacant.. arent you making loss if the are vacant.. the promises and targets propounded by developers and agents are mere tactics to hold you in to purchase the properties.. they themselves also don want to buy haizzz

shopping malls as well cant u guys survey so many shopping malls in KL viva mall, cheras central, 1 shamelin, southgate, spark desa petaling, carrefour, tesco midah, jusco malauri, leisuremall, jusco bandar mahkota, jusco cheras selatan (both of less that 5 kilometers away), mines, one south, and many more all also no tenant/shops open one go and see.. i still havent include the shopping malls inside Kl.. haizz where got good economy survey oversupply mannn

Q4 2013 has been a very slow period for property market after the Budget 2014 announcement, but I see signs of market stirring in last few weeks.  By end of Q1 2014, the buying activity should be quite hot again if there are no new cooling measures announced.  Q2 2014 onward the market should even be hotter as buyers enter the market to avoid the 6% GST in 2015.

Firstly, I think property prices will likely correct itself to the level that normal people could maybe afford them. There is still demand for props in this country, just not at this kind of high prices. At what level of correction, well we will have to wait and see.

Secondly, unlike US banks, our banks did not lend out money for mortgages recklessly, the US banks lent out billions to NINJA borrowers. Our banks are much more strict and BNM did a good job controlling them for the past few years.

Also see many young people buy 700k+ prop with only 3-5k pm net income. N they try to fake the side income add in become 7-8k pm. Hope within 3 years they manage to increase their "real" salary before the project VP.. If not.. Cant sell off in time or rent out....it soon become as auction unit after 3 years.

I very much agree with you.  Malaysia's properties are very cheap comparatively.  The Chinese developers are paying record prices this year for Malaysia land.

Thirdly, yes there is demand from overseas for our props. Problem would be the anti foreigner actions taken by the government to stop prices from rising further, like the 1 million bar. Foreigners don't really invest that much here. Around 500k or so the foreigners are interested.

Open a Sdn Bhd company made fake report...set n pay high income tax with company profit up 1mil. Use it as a prove to loan more money from bank. Sapu all the kl/pj new launch landed prop more than 100 units. When VP sell half of it with double and triple the price. Already made huge profit. Now Remain half sell high n slow to wait for big fish or desperately need a landed prop. This Penang guy did it 2 -3 years ago. Now rich like hell driving beamer n have a hot trophy gf. n become a small player developer buy land join venture built factory.

And another case is a guy pakat with dato n a Malay politician which have a seat in parliment...  Open company n using his malay politician partner name to sapu all the landed/condo projects in big quantity with bumi discount. And sell off after VP with 50%+ higher or double the price... Now the 3 guys also rich like no tomorrow.

At a few sales office I visited, the sales managers told me that their material prices are expected to go up in 2014, and they are planning to increase the price slightly while cutting down the size slightly too in their 2014 launches.

It is logical to expect that 2H 2014 launches will be more expensive than 1H 2014 launch, as more material/fuel/labour/tax costs kick in.  By Q4 2014, I expect most of the GST cost would have factored into the price.

I didn't see a lot of launches in Q4 2013 and this could have contributed to the lower market activity.  If I were buying for own stay, this few months in early next year is the best period to look around for the best deal.

Fresh grads in HK is really 8-10K la....average...

do ground survey u will know...

even oversea grad cant get more then 10K...

Seems like the discussion is fast becoming out of topic.

Is this overdose of information from search engines?

The question is where are the signs of bubble?

Please close this thread if discussions are irrelevant.

The word "flipper" is badly hated in this thread.

With millions in pocket, not so soon la.

Worst is stagnant lo. Collecting rental to wait for the next round is not gonna make anyone a loser.  Will it??? When the next round comes around, many ll start to say 早知

We must wait for the economy to collapse, or BNM increase the interest rate to >3% in order to see dead chicken everywhere on the street.

In the eye of many investors, flippers r not bringing any gd to prop market when average joes oso can buy n flip which due to dibs the past few yrs.

With bnm stepping in to make it darn hard for them to enter the market, it onli take shorter time than u n I can predict to wipe out most prop investor wannabe. And when the true purchasing power take place, rental market ll eventually improve if the price stay. Which mean, stil expensive n many stil not able to enter to buy for own stay but rent. Theoretically la.

Being a flipper is not wrong.
U just need to be smart to get out when market is too hot ...

We discuss this previously. Foreigners' buying accounted 16% of kv prop buying last year.

seremban now hot spot as well.
went back home town (small town) last month, over heard many peoples are aming their bullets (PAMA bullets as well) for properties ard seremban town. reason is the price still cheaper than small town, KL properties price/risk is higher for them...

+1

Gd times got biz closed shop. Bad times got biz expending..
diff timing diff strategy.. apply to biz and property investment.
one needs to review portfolios from time to time to mitigate risk...

I will bet with you they have no guts to do that 

The trend is too mild. It is just correlation to the increase in population and transaction. What I need is a big bump up in the trend to be able to see flippers suffer