Only if they have liquidated their investment else what they are spending is "future money". If they have liquidated property investment, by default they are no longer in UUU camp.

Until investment is liquidated become hard cash in bank account, it could be a liability.

Provided one have cash flow to sustain it.

Temptation to spend this "gain" prematurely could be hard to resist by most people especially those who have never seen this amount of money before.

Neither U.S, Spanish or Greek gomen wish, want or cause property bubble burst in 2008. Property bubble burst in those countries was largely initiated by many buyers/borrowers couldn't sustain loan repayment.

If loan tenure is over 20 years, statistically, there is over 50% chance BLR will be above 8% at least once.

Whether the gomen have act early and enough to prevent exposure to potential npl is remained to be seen.

BNM OPR is largely determine by macro and international scenario. When time come to crunch, BNM priority is to protect the gomen and banks, borrowers in financial ruin is acceptable collateral damage.

This post has been edited by icemanfx: Nov 21 2013, 03:46 PM

According to a lawyer friend; currently, one group of foreigners are rushing to sell before new rpgt and another group of foreigners who are working here are rushing to buy before 1m minimum limit kick in. Guess, UUU camp can have the market to themselves in the new year.

Current bull run of property market is fueled by cheap and easy credit of U.S. QE. When supply of cheap and easy credit ceased with U.S QE, credit available to new buyers will be more expensive and less i.e. volume of transaction will be reduced.

Many flippers are expecting a quick subsales after taken vp. If credit is not readily available to buyers, these flippers will have no choice but to hold. Given some flippers don't have the ability to hold, some will inevitably fail to keep up with loan repayment i.e. npl. If npl is on the rise, bnm and banks will curtail lending especially in that sector and making credit even harder to come by for buyers. Consequently, more flippers will become npl and the situation deteriorate further.

Given multiple number of property many flippers bought and number of loan given to people who were not qualify pre-2008, over 5% housing loan turn npl when it comes to crunch time is almost certain and understatement.

How many units you have invested?

1mdb is having a huge development at Jalan Imbi/Jalan Tun Razak, which should add stock to bukit bintang area.

According to ecosky thread; dibs is no longer available.
https://forum.lowyat.net/topic/2859532/+2380
It will be interesting to watch the development and implication to the market.


This post has been edited by icemanfx: Nov 23 2013, 11:57 PM

According to gomen statistics, number of transaction up to september 2013 is lower than same period last year but total value has gone up, means most properties transacted were high end.

To BBB, saving on car monthly installment is peanut if compare with profit made. Should be talking of changing new car every year.

Unless the statistic is unreliable, fair to declare the bull run is over and we are at about the peak price (but not sure on which side)?

This post has been edited by icemanfx: Nov 25 2013, 11:20 AM

This is at odd with demand over supply market, or strong property demand is a mirage?

After deducting dibs and discount, NSP (Net Selling Price) could be 20% lower than SPA price.

How many people view;
SPA is inflated price and NSP is real price
or SPA is real price and NSP is price drop?

Valuation should be taken at SPA or NSP?

Singapore’s home-price decline accelerated in October, falling 1.2 percent from the previous month, adding to evidence that the government’s efforts to cool the property market are working.

The city-state’s residential property index fell to 159.1 points last month after declining a revised 0.9 percent in September, according to the National University of Singapore’s Singapore Residential Price Index. The measure tracking prices in the central region decreased 1.4 percent in October.

Record home prices amid low interest rates raised concerns of a housing bubble and prompted the city-state to introduce new taxes and higher minimum down-payments since 2009 to curb speculation in Asia’s second-most expensive housing market. Home sales have been falling in the past four months after the government imposed new rules in June governing how financial institutions grant property loans to individuals.

“The latest statistics is a reflection of the current measures starting to bite the residential market,” said Alice Tan, head of consultancy and research at Knight Frank LLP, in Singapore. “Price quantum is still the key consideration for many prospective homebuyers.”

Home sales fell 19 percent in October to 1,009 units from a month ago, according to data from the Urban Redevelopment Authority released Nov. 15. From the previous year, sales dropped 48 percent, the data showed.

http://www.bloomberg.com/news/2013-11-28/s...erty-curbs.html

Unlike stock or gold, property bubble tend to deflate over 2 to 5 years.

It is not unknown that some investors (and this number is not small) buy multiple units in one shot; they apply bank loan from a few banks at the same time and take up all loan offer at the same time, and hope to sell these dibs units the moment taken vp and profit $$$.

This post has been edited by icemanfx: Nov 28 2013, 11:54 PM

So called shadow, parallel or "dark" economy is about 20% to 40% of GDP, is not small money. These money played a major role in inflating property price in the last few years and many transactions carried out before 30% RPGT kicked in believed to involve these money.