bearbearwong - Just curious about your position: are you waiting for a crash to enter and are you already vested in properties?

I have already declared my position (already bought) and my views (up or down are okay,  and both are okay for me although I think prices are very likely to move up).

Not to worry. In paper, it may be fully sold but when project completed, scout the area for actual tenants. Drive around 8 - 9pm on regular days to see if lights are on the houses. This will give a good estimate of real home owners and flippers.

Price may drop when property situation is bad. Then whack a few gems for yourself. 

No body would like to default their loan and I worked in auction division of a bank before and there are many sad stories.
30 % interest of default ? you must be kidding...
Someone that you know of may fall into this and he is not the flipper but the actual property owner that just need a place to call it home.

'Prevention' is important and what our government do on the RPGT and LTV is the correct way to curb the speculation.
Further law should impose on developer on better planning and avoid those SOVO/ SOHO thing already as getting to much in the market, and even extended to non prime area.

I hope I have interpreted correctly that you are not holding on to any property now?  Nothing against you but I'm just studying forum psychology.  Thanks.

This is interesting info, but restricted to bank officers right?  How about the average man in the street?

I know at least 4 of my staffs doing that. And a few more using the shared investments method.
Worst thing abt the shared investment is they are not doing it for one property.. but multiple properties. Sort of like pooled investment.
Advised them repeatedly; this way one person goes down he or she will pull the rest down. None listened. Greed is powerful, I guess

Most of the time dead chickens are bad deals - can't be cooked for much profit. Bear in mind the new rpgt ruling.  How long you must keep the chickens in the freezer. Besides, if the market is flooded with dead chickens everywhere, bad time has arrived. Still dare to grab huh? Foreclosure has arrived. 

    Honestly, I still cannot understand why there is a need to kill off the property market like that! Flipping really got out of hand meh? Shouldn't everyone thank God there exist buyer investors to sustain our property market and economy? Who is complaining? The lower income group or the middle income group? Now what?  Everyone complains! 

Cool bro. U got it wrong. Main pt here. How many gd one do u find in auction. Respect ur profession. And trust the ranking of my relative in bank and auction house. No obligation. Everyone has own skill. Guess u should b one of the best in explaining urself here. Well done. And dun think others r wrong too. Many can b equally successful if not beta. Maybe the diff is how true would it b in the real world. I'm in hk now surveying props. Dun need to tell me bout hk. Thanks.

When the price is not right, ppl won't buy. Simple as that. But 700k for a landed is not too far fetch these days.

Wow ... this tactic is more high tech than mine. Thx for the advise.   
Anyway, land office can easily release the data to us? Asking for name and ic ler .... kind of private info right? 

Hmmm... ? Gotta work hard a bit lor.... I'm sure there will some letting go for other reasons than the property market factors. To be honest, I had seen matured area experiencing declined prices. Just that you have to be close to the community there to get the inside scoop.

I bet u have never been to HK before or have been watching too many HK drama? A fresh graduate with bachelor in HK only earn average 8-10k hk dollar per month and you thought it is easy to secure a government position in HK? A shoe box size middle low cost apartment (500-600sf) in HK island cost at least 3.5 million hk dollar (RM1484377.98) which considered >3X expensive if comparing to our luxury studio unit in kv (same size).

    Just my 2 cents! 

Boss killing flippers is wat I wished long ago. Bravo to zeti to seriously imposing stricter regulations. Howeva killing flippers won't crash the market when genuine buyers coming in with stronger financial but weaker relationship. Flippers usually getting beta access to most developments tat caused many genuine buyers failed in getting their props. So Wats ur take if genuine buyers coming into market later on??? Thanks.

It might no happen too as many genuine buyers think price is at the peak now. But how true is tis claim??? It worth more than the nett worth of Bill gate to guess it rite.

M2c.

Like it or not, all of us here are a subset of the whole population.  If you believe in statistics, our views here actually do reflect what is the major trend in the market.  What I observed so far:

The usual optimistic investors here are not buying in the near future, and waiting for things to get clearer or dead chickens of at least 15 to 20% discount. 

The pessimistic investors here are expecting prices to come down, or even a crash.  So, they are not buying. 

What I can conclude now is that prop prices now are stagnant, pending for next trend. As nobody is taking any action.    In fact, future is being shaped now by future buyers and sellers.  If people are not buying or supporting at this point, won't the collapse of overcommitted flippers trigger a reverse trend ?  For my observation of trading, trading trends are like running train.  When it goes up, nothing can stop it rises.  Only when it runs out of momentum, it stops.  When it comes down, it will run over anyone, anything in its way.

It is simpler to see this in stock market.  Buyers and sellers set their prices.  Only when one crosses over, deal is made.  Flippers are like highly geared speculators.  When they are forced sold, it wipes out all queued buys.  In this case, queued buys (optimistic investors waiting for dead chicken) won't be there unless there is at least 15-20% discount.  All human tries to protect their resources.  When prices do reverse, the instinct is to wait for things to settle down, even now.  Hence, I doubt that when dead chicken is shown, whether there is anyone picking it up.

Does anybody know that losing a lot of money is actually as painful as cutting yourself bleeding ?

http://www.webmd.com/balance/news/20070502...ally-be-painful

Statutory Minimum Wage in HK is HK$30/hour or about HK$6000/month. Fresh grad in HK is marginally better than cleaners and servers?

Haha.. I like your statement "good luck to may the REPOMAN have mercy on you.." on flippers. But for houses, Banks would not send the Repoman, rather they will Auction off your property and sue your ass for the difference owned to them, and the the courts will seal your existing properties (if you have any)and  by the time you know it, you would have become a Bankrupt.  The person who has a big smile on his/her faces then would be the bank panel of lawyers as they will will laughing their way to their bank with a big pay cheque for making you a bankrupt. 

lol

Will pm u when it does.

It is actually very difficult for him. If the going rate is 660k, he has to sell it for, let say, 560k. It is a loss of 100k for him and not gain of 130k.  Majorities won't sell. Very interesting psycology.

Let him rot.. we will scavange his prop and money.. later we will garnis all his bank account.. lastly bancrupt him.