U are right. Even developers think this way now.

Agree

+1 On that.

What we need is affordable housing for everyone. Not overpriced property 'hyped' by some greedy property owner's and real estate agents to lure ordinary folk into paying through their noses for it.

We now have condos at the edge of town like in Selayang (Near Templers Park) going for Rm500 to Rm600k.

I think people should start moving out of town to be able to afford houses in the future.

Couple with Barang Naik (BN) now to stay, I would reckon it wouldnt look good.

This post has been edited by TOMEI-R: Jan 7 2014, 06:30 PM

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

My parents house semi D here got 3 cars. Two siblings of mine go to work everyday using lRT. U know what u talk about or not? U know how near lrt is to most banks in KL? I am maluri guy la not cheras guy. Never consider myself cheras guy.

IPretigous? Whatever u say lah. If not prestigous, i dont care. Got an apartment that is convenient to go anywhere.

Not only that, we hv too many "investors" in the market. All these high ends were affordable just 3 or 4 yrs back.

I read this as well. Some of them bought their house less than 5 yrs. This will mean they will be paying two "new" house, instead of one new, one old.

Offtopic a bit: while we argue price UUU or DDD, bubble burst or not, please remember that true wealth is not just in monetary value. Property flippers making money until people can't afford a roof over the head may produce broken families and higher crime rate. What's the use of having a lot of wealth when a lot of people around you are trying their best to get it off from you ? So don't forget to invest in people, in developments that sustain a healthy society (school, soup kitchens, orphanage) and infrastructure (transportation). In my opinion property should be only an egg or two of many in your investment basket.

Problem being many sub par flat masquerading as high end condos these days.
Lousy pigeon hole with no selling point priced at RM1000 psf people still buy because in comparison they are affordable.

Property has been the most profitable investment (speculative) instrument for the past few years due to the power of leverage, little or no money down, DIBS.

I totally agree with you.

Now all new projects,mall selling more than RM 1000 psf.. Sub standard but at that prices.

Scary..

Yeah it would be worth something if those flats were fitted with some top end fittings instead of generic stuff

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.

Guys.. anyone bavk from work KL ah.. today mini land slide at mahemeru.. must be a pain right.. from pwtv toviva mall requires 1 hour 30 minutes...
Today I bet sure many cursing like hell.. either heading to rawang direction or even to the south setemban link..

Thanks to our friendly developers.. now everyone can flip.. (formerly thanks to Tony Fernandrz.. now everyone can fly) those staying semenyih will need at least 3 hours to reach from Klcc.. look at this the dev and flippers told you how near semenyih.. seri pajam and echo hill( which highly will be echoing among thrmsrlves once completed).. only 45 minutes away.. come on.. u flippers try it..

also dont forget our friendly neighbourhood.. ya KL SOUTH which is equally far.. prudent house owners.. open eyes big big.. flippers dun just simply buyy.. drstroying market when you guys flip..

the rise in construction matetisls were perpetrated by you all.. the contractors after seeing you bagging 350 k.. of course they will share some.. in actual fact even cinstruction price up.. it still does not justified the flip ftom 440k to 780k when the units you F lippers bought is already COMPLETED...

however.. affordable housing is what we needd

ecohill really ho sher loo..

once inp take over may be like alam sari got ccc no water meter...

Someone has the photo for the slide!

https://forum.lowyat.net/uploads/attach-53/...-1389103942.jpg

Still got ppl in other threads tink set8a echo hill property will jumo to 700k.. even srnenyih tiara east can fly to 1 million.. well done.. next upcoming bukit beruntung...

That JAM

Granted that even there is a shortage of affordable houses but :-

1. This is nothing new.
2. The developers have no plans to fill the gap for it.

Good times or bad times the developers are not interested in it.

No problem.. the existing SOLD but vacant .. is more than enough to hold the market..

actually you just want to address the developers issue I.e they will not bother bad times and demand.. right only.. meaning.. coming projects also exoensive lor.. right...

so if you dont buy now.. then sure property naik right.. so must BBB right.. affordability issue wise.. u agree with us THAT IS IS OVERPRICED and flipping business is OUT of hand..