Very good advice. Thanks for sharing.

Actually, a big percentage of prop investors in sg is malaysian, either pr or real malaysian.

http://www.bfm.my/2013-11-22-investing-sin...times-over.html

" Don't buy a house whose price is artificially inflated just because you're afraid you'll miss out on the opportunity to buy before prices go up yet again."

I thought the above statement is quite valid. I read it that dun buy what flippers are selling you or dun buy it for own stay if it is already goreng to very high price.

Maybe I misunderstood it, care to share your view ?

I think bbw had it enuf with the flippers and expensive houses. I think many are like him. If u talk to some young professional friends, malay, chinese, or indian, u will know y.

The market is extremely unhealthy and robbed of many people's well deserved dream!

There is a bungalow project near my relative house in cheras by a famous developer. At first, it was 1.8m. Half way construction, it was 2.8m. Finally it hit 3.8m and sold out. Now, more than 1 yr vp, the whole area is dark at night. So far I hv not seen one staying inside. The banner at the lamp post say 3.6m bank lelong. At peak time, my relative said that some investors told him that the more expensive, the better, as can make more. (I think bbw should know where this is )

I am not too much into market crash. However, market crash is not that difficult in price mechanism. As all asset price are referenced, a small number of property price crash will bring down the whole market with it. Just like the great rise in prop price in the last few years are only brought up by a small percentage of houses. The rest of the houses are not traded at all, but rise in value.

Residential prop investment is tricky. The price can stay the same for the next 3 yrs, the investors still suffer big loss to cover all interest and expenses as it is highly leveraged.

This post has been edited by gspirit01: Jan 12 2014, 01:23 PM

It one of those you guessed. Dun want mention name lah. There might be some developer spies here.

If "the prop u r interested to buy" did not reflect this and can make 2 fold (200%) roi in the last two months, it is definitely proving us wrong here. Our current observation is that the prop price has best stagnant already. Which prop are u referring to ?

Sorry, dun understand. U means, 七 and 十?

Thanks for the quote.

7 如果你只是等待，發生的事情只會是你變老了。
1 0、 寧願做過了後悔，也不要錯過了後悔。

3馬在鬆軟的土地上易失蹄，人在甜言蜜語中易摔跤。

This post has been edited by gspirit01: Jan 12 2014, 08:04 PM

Ic. We hv this discussed previously on COCR. The good time is over.

I read some of the posts too. They all invest based on 6 sense or past history. Not much difference from gambling big or small. Got 50% to get it right. When no price is expensive and the reason to buy is whether it can make more money, isn't this a sign of bubble as well ?

This post has been edited by gspirit01: Jan 12 2014, 09:15 PM

Thanks for sharing.

Many observations agreed with what we have discussed here so far. But, I dun really with their affordability view.

You r referring to Fe.... Projects ?

People are attracted to quick profit making. For RE market, only small percentage will make money in the end, if they can cash in their profit. In property investment, only banks, prop agents, and developers are sure winners.

It is the same as contra stocks. Only when there is a quick and big rise, people can make money. If investor holds, one will lose a lot of money when the prices stagnant or decline slightly due to commissions, expenses, interests. This loss is amplified by leverages.

Without cheap credits, dibs, foreign hot money, and with new rpgt, the market will slow greatly. Unless the above changes, RE market won't hv quick and big rise in the near future.

Corrected:
Has anyone noticed that the transactions of properties are more than 30% of the whole malaysia prop in the last 3-4 years ? And the next 2 yrs, we hv another 15-20% supplies ?

http://napic.jpph.gov.my/epsKeyStatistics/...tletWindowsnpbj

This post has been edited by gspirit01: Jan 13 2014, 12:26 PM

If the data is for the whole malaysia, then the drops are dampened by areas that are not affected by previous rise or drop. An average drop of -20% may mean some prime areas may suffer big drops.

The q3 data showed declines in kl areas. But for selangor, johor and penang, there were still big growths. But, q3 is until 30/09/2013. The effect of the new rulings are not yet captured and won't be clear until q1 2014 result is out. The q3 data just showed that the previous attempt to cool down the prop market has failed. In q3 2013, the prop price in KL has been too expensive, investors were exiting KL and move to more affordable areas like selangor and penang.

For johor, loads of foreign investors and local investors were flooding the johor market. The transactions skyrocketed in q3.

My feelings from these data that the market activities were driven by investors, not homeowner.

This post has been edited by gspirit01: Jan 13 2014, 02:10 PM

Thanks for sharing.

Mostly developer talk as usual. Some are meant to be misleading. But most of them are cautious and implied that high ends more than 1 mils are over.

Thanks for sharing.

Looking at the rules, No wonder the sg prop agents said that there is zero speculation in prop now in sg.

European or US salaries x 2 and expenses by 1/3, this is how much the expat that I knew made in Malaysia. Is this the nice place to live, oh yeah!

Implying more severe fall ?