Carrefour also need to made a exit & end up in Japanese hand AEON. .lol

Asian r now the king in everything, from electronic, car, even sapu all these kwailou properties in Europe, Australia, North America, soon we have Spanish labour & French maid ..wakakaka

This post has been edited by jolokia: Jan 7 2014, 09:58 AM

Affordable house is tax payer responsibility ever since it been set at 400K by PR1MA.

You r not suppose to use your brain when flipping property, just blindly buy & blindly flip, "sure" make money one (someday).

After calculating recent property price & rental yield sure you wouldn't buy.

I just saw a 2 storey terrace in Cheras asking for 380-400K with rental expected below RM 1000/month.

When i read people is trying to refinance their newly bought house to cash in to flip another house, i know Bubble burst shouldn't be too long.

This post has been edited by jolokia: Jan 7 2014, 06:39 PM

500-600sf 2 room 1 bathroom selling 400K, paying commercial rate electric & water, named service residence, sharing parking lot with shopper, located at the edge of KL surrounding by illegal factory & recycle centre, bad air quality, noisy enviroment, madness jam during peak hour.

Some how I feel that is a cheap apartment on top of shop lot which used to cost less than 120K 5-6 years ago.

The house cost less than 140K initially, should I say mini double storey 2+1 room 15'X55' public transport need long walk.

So potential of renting is low I guess, working couples usually prefer condo for security reasons.

Assume KL average income 5K/month aka 60K/annum, so 60K X 6 years = 360 K most if not all the new launching in KL already exceed that amount so it's a Bubble without a doubt. .lol

This post has been edited by jolokia: Jan 9 2014, 08:31 AM

When inflation hit people have less disposable income, which mean they spend less, when people spend less business suffered, when business & consumers have less $$ they stop thing like properties flipping, many would try to reduce their holding, when most do not have much $$ either they would only buy when the price is really low or just ignore any offer, less people interested in buying property mean price will eventually drop.

Those who says property price would go up during high inflation probably missed their basic economy class or think fellow forum members in LYF PT r only hold PMR cert at best.

Already said a dozen times property is not a stand alone sector, when other sectors suffering don't expect a shinning property market.

I on the other hand totally disagree with BTimes, our currency is way better than 1998 which hit RM 4 per dollars before controlled at RM 3.8 which then never showed any sudden surge in properties nor goods price at large, our currency dropped as much as 50% in year yet we fdid not see property price jump the same.
BTimes is just trying to justify real estate price surge not cause by artificiality demand by flippers rather genuine demand & rising cost, I am sure he would have says the same for artificial oil demand in 2008 which eventually proven to be nothing but a hoax.
BTimes intention is to create white terror on current buyer to give up their stand & pay the over inflated price for properties so that his bunch of flippers can escape the current dead trap & avoid losses or bankruptcy.
Only ignorant buyer would not see the properties market heat is all over, previous flipper r waiting for their judgement day.
Those who doesn't need a house urgently & wait for BTimes & his bunch to see how strong ia their holding power during turbulence year of 2014-2015 people with strong holding power usually just keep quiet & wait rather than brouhaha "faster buy before price go up again" ...lol only desperado do that. .rofl

Coolster,

80% apply to individual case by case or across the board for all borrower ? new or secondary properties ?

I thought when bank is borrowing less meaning only genuine cash strong buyer r eligible, not those zero entry flipper, how come u said bubble burst mari ?

Now economy slow down, construction also slow, time to flush them out, if not they will create crime mah !
I remember seeing those old 70-80s Hong Kong movies where the contractor will phone the immigration after their illegal mainland China workers finish works & asking for pay..lol
1 worker RM 110 smartcard to change from PATI to PADI, imagine 3 millions = 330 millions Huat loh !

This post has been edited by jolokia: Jan 10 2014, 10:18 PM

Correct Malaysia is the only country in the world that which properties would "never ever" faced price drop, all those problems faced by other countries like US, PIGGS, Singapore will never happened here, our country will become developed nation by 2018 & income per capital will double, triple every few years, soon we will overtake Japan, South Korea, Hong Kong, Singapore, Taiwan & become Asia No.1 super power economy.
Our bank negara have so much money that they can compensate every flipper who loss money in properties flipping.
If those American, Spanish had consult our Bank Negara they would not end up where they r today, because we have secret fomula for indestructible properties market.

This post has been edited by jolokia: Jan 11 2014, 04:28 PM

Depends which "story" u prefer to believe.

http://realtymalaysia.blogspot.com/2013/12...set-to.html?m=1

or

http://www.propertyguru.com.sg/property-ma...oderate-in-2014

In 2 years there in additional 48K house coming, while in 6 years Penang residents expect to increase 300K, base on 4 person per house meaning 75K is needed for next 6 years but in 2 years already 65% ready, so calculate yourself & determine price will up or down.

http://www.themalaysianinsider.com/malaysi...from-trade-pact

Read this particular part which Tun Mahathir comments on our property

He also pointed out that Putrajaya was going about the wrong way to make Malaysia a developed nation by 2020, as spectacular buildings and shining skyscrapers would not help the country.

He said that a lot of the foreign direct investment (FDI) which Malaysia attracted was for the construction of buildings.

"While the sums are huge, I do not think that Malaysia benefits that much. The technology used to design and construct the buildings is not something Malaysia does not already have.

"The construction of such buildings benefits the foreign workers more than it benefits Malaysia.

The foreign workers will pocket their salaries and remit it back to their homeland."

Dr Mahathir said what Malaysia needed to
improve its income was investment in high-tech industries, as higher qualified Malaysians could work in these fields.

He expressed confidence that there were a lot of qualified Malaysians in the market, noting that a few thousand vacancies in the government service attracted more than a million applications.

"For Malaysia to become a developed nation, we need to diversify. The shiny new buildings and skyscrapers do not mean Malaysia is a developed nation, whatever the per capita income may be."

"Good point of view" he may not everyone favorite statesman, but can't denied his sharp vision & foresight.

If everyone learn to be a smart investors & do not buy over inflated property from flippers, flippers would be begging under the bridge today with a coconut bowl. .lol

Offcoz flippers don't like wise advise from experts. .

Totally ultra rubbish posting, how do flipper add value to society ?
Snatch thief also work hard daily & take risks, corrupt gov officer also work hard & take risk, r they contributing & add value to society as well ?
By criticising those who post negative comments on flipper too doesn't seem to add any cents in to your savings account I supposed.

R U serious ? lol

Without flipper every one can get a good property with reasonable price, many flippers bribe the developers staff to hold on to good property before launch, causing genuine buyer lack of good choice, this in fact allowed developer jack up the price further, thus eventually kills the entire economy as people have less nett disposable income to spend on other sectors, this is what happened now in Hong Kong & Singapore, as if wasn't flippers that destroyed the US & Spain economy during 2008 real estate subprime crisis which still can't solved till today.

I prefer 3 ..lol

Germany VAT at 17% & reduced VAT at 7% for things like food, books, medical, transport, newspaper & etc

In Germany income tax also difference for Single, Married, Single Parent,
Married people pay less tax compare to Single. ..lol

There is "No" supply of 200-300K new condo in KV main as far as i see.. sigh

Your personal vendetta again him is making u look like a sour plum at time.

U seem like finding every Good Excuse for damage control over Flipper, making them Hero out of Zero..

Malaysia GDP 17K usd .... wakakaka

Our gov announced our GDP merely 10-11K USD & hopping to achieve 15K usd by 2018-2020 to become "developed nation" ..

So this figure is proven nothing but a hoax...lol

http://data.worldbank.org/indicator/NY.GDP.PCAP.CD

PPP Purchasing Power Parity is not suppose to convert into local currency when comparing between country, which is why I said the so call properties affordability figure is nothing but developer bullcrap, one supposed to use a basket if product not base on real estate alone, size of land in a country & population will also determine the price, btw isn't our car is among the most expensive in the world.

This post has been edited by jolokia: Jan 14 2014, 02:35 PM