Investment 4 Critical Signs of a Bubble Market, Property Investment
Investment 4 Critical Signs of a Bubble Market, Property Investment
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Nov 21 2013, 04:19 PM
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All Stars
21,456 posts Joined: Jul 2012 |
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. |
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Nov 21 2013, 06:24 PM
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Senior Member
3,274 posts Joined: May 2013 |
QUOTE(icemanfx @ Nov 21 2013, 04:19 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. I see foreigner cabuting The foreigner rushing to sell r the flipper, the foreigner rushing to buy is Singaporean who wanna buy a house & stay at JB/Iskandar. By 2014 hehe .. House grab time. |
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Nov 21 2013, 06:28 PM
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608 posts Joined: Apr 2012 |
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Nov 22 2013, 10:22 AM
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
QUOTE(jolokia @ Nov 21 2013, 06:24 PM) I see foreigner cabuting Yes I think 2014 & 2015 will be a good time for bargain hunters in the secondary market.The foreigner rushing to sell r the flipper, the foreigner rushing to buy is Singaporean who wanna buy a house & stay at JB/Iskandar. By 2014 hehe .. House grab time. |
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Nov 22 2013, 10:53 AM
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2,004 posts Joined: Mar 2011 |
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Nov 22 2013, 11:13 AM
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183 posts Joined: Oct 2011 |
QUOTE(kohts @ Nov 21 2013, 03:04 PM) Those which has not bought will have hard time getting loans and no dibs. Those which has bought is enjoying the facilities now. I fail to understand why those who has not bought is the winner. From before until now, banks approve loan base on a person ability to pay base on income track record. It is not given out as wanton as some thinks. Bank more afraid loaners cannot pay, so i also fail to understand why those believe that with the implementation, suddenly a lot of people cannot pay n price collapse. Bank negara in setting the rates also have the data of loaners paying capability n will be fully aware of the npl risk if they increase the rate. New property price will be stagnant which will be the ceiling for subsales. Inf fact it may help flippers as there is no.different in buying subsale or new launches. Sounds reasonable. |
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Nov 22 2013, 11:31 AM
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3,274 posts Joined: May 2013 |
QUOTE(JustNobody @ Nov 22 2013, 10:53 AM) There is possibility but I think not a lot. Don't under estimate holding power of house owner in Malaysia. I would rather believe most have very low holding power base on the long list of auction unit I see recently..lolIf u hold on to something doesn't bring profit in near future, it actually hinders ur money from invest in other more profitable investment, mind u business need liquid assets too row, the entire country not depends on properties industry along to survive. In fact P.I.G.G.S & USA entire economy got turn upside down because too much concentration on properties flipping & ignore other industries. People had become obsessively indulged into properties gambling, if by now never wake up from it, expect same route with Spain. |
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Nov 22 2013, 11:38 AM
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600 posts Joined: Dec 2008 |
QUOTE(jolokia @ Nov 22 2013, 11:31 AM) I would rather believe most have very low holding power base on the long list of auction unit I see recently..lol Agree, more and more auction units available & more auction properties group in FB created recently. In my opinion, if you can afford to repay the loan. I don't see a reason not buying one from the auction market.If u hold on to something doesn't bring profit in near future, it actually hinders ur money from invest in other more profitable investment, mind u business need liquid assets too row, the entire country not depends on properties industry along to survive. In fact P.I.G.G.S & USA entire economy got turn upside down because too much concentration on properties flipping & ignore other industries. People had become obsessively indulged into properties gambling, if by now never wake up from it, expect same route with Spain. |
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Nov 22 2013, 01:30 PM
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219 posts Joined: Jan 2011 |
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Nov 22 2013, 02:12 PM
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4,999 posts Joined: Jan 2003 |
As long as people have jobs, and the economy is in the positive growth region, don't expect prices to fall.
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Nov 22 2013, 02:40 PM
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3,274 posts Joined: May 2013 |
QUOTE(Drian @ Nov 22 2013, 02:12 PM) As long as people have jobs, and the economy is in the positive growth region, don't expect prices to fall. Maxis recently announced 500 job cut from their 3300 workforce, Thailand report economy growth slow down to 2.7%, China having slowest economy growth of 7.5%, Indonesia economy expect slow down in 2014 BI up to 7.5%, Hong Kong economy slow down to 2.9%, South Korea economy slowest at 1.6% in 3 years, Japan economy Q3 economy merely growth 0.5%.U should read beyond local feel good media..lol This post has been edited by jolokia: Nov 22 2013, 02:44 PM |
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Nov 22 2013, 02:50 PM
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769 posts Joined: Oct 2006 From: Kajang, Selangor |
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Nov 22 2013, 02:53 PM
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1,864 posts Joined: Apr 2011 |
QUOTE(jolokia @ Nov 22 2013, 02:40 PM) Maxis recently announced 500 job cut from their 3300 workforce, Thailand report economy growth slow down to 2.7%, China having slowest economy growth of 7.5%, Indonesia economy expect slow down in 2014 BI up to 7.5%, Hong Kong economy slow down to 2.9%, South Korea economy slowest at 1.6% in 3 years, Japan economy Q3 economy merely growth 0.5%. U should read beyond local feel good media..lol Faster burst !! Waiting waiting until neck also long long liao |
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Nov 22 2013, 02:54 PM
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1,864 posts Joined: Apr 2011 |
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Nov 22 2013, 02:56 PM
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4,999 posts Joined: Jan 2003 |
QUOTE(jolokia @ Nov 22 2013, 02:40 PM) Maxis recently announced 500 job cut from their 3300 workforce, Thailand report economy growth slow down to 2.7%, China having slowest economy growth of 7.5%, Indonesia economy expect slow down in 2014 BI up to 7.5%, Hong Kong economy slow down to 2.9%, South Korea economy slowest at 1.6% in 3 years, Japan economy Q3 economy merely growth 0.5%. The problem with you guys is that you only assume that can only be two scenarios that can happen. One bubble burst, two bubble doesn't burst but the truth is what could happen and more likely to happen is stagnation or near zero growth until inflation catches up with the price. Even during the US recession a few years ago that was what happen.U should read beyond local feel good media..lol I've said before, as long as interest rates are low, and economic growth is postive people will have very high holding power. This post has been edited by Drian: Nov 22 2013, 03:00 PM |
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Nov 22 2013, 02:57 PM
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4,999 posts Joined: Jan 2003 |
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Nov 22 2013, 03:18 PM
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3,274 posts Joined: May 2013 |
QUOTE(Drian @ Nov 22 2013, 02:56 PM) The problem with you guys is that you only assume that can only be two scenarios that can happen. One bubble burst, two bubble doesn't burst but the truth is what could happen and more likely to happen is stagnation or near zero growth until inflation catches up with the price. Even during the US recession a few years ago that was what happen. 1993 fresh graduate salary starting RM 1500-1800, twenty years later 2013 fresh graduate salary RM 2200 -2500.I've said before, as long as interest rates are low, and economic growth is postive people will have very high holding power. 20 years approx 33% increase 1.65%/year By now if u can't understand why gov only take stringent move to curb property speculation beginning 2014, & think developer had no ideas on the policy before announcement, why less project compare to 2009-2012, why big developer never make noise on these new policy, then I donno what to says to u..zzz Who says price never go down ? iproperty or propertyguru ..lol |
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Nov 22 2013, 03:30 PM
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1,864 posts Joined: Apr 2011 |
QUOTE(jolokia @ Nov 22 2013, 03:18 PM) 1993 fresh graduate salary starting RM 1500-1800, twenty years later 2013 fresh graduate salary RM 2200 -2500. 20 year ago, fresh grad never thought of buying house. Nowadays fresh grads are buying 2 or 3 houses 20 years approx 33% increase 1.65%/year By now if u can't understand why gov only take stringent move to curb property speculation beginning 2014, & think developer had no ideas on the policy before announcement, why less project compare to 2009-2012, why big developer never make noise on these new policy, then I donno what to says to u..zzz Who says price never go down ? iproperty or propertyguru ..lol That day got 1 thread started by 1 student asking how she can buy a house worth RM400k. A student now is thinking of buying a house. That's why price keep on increasing |
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Nov 22 2013, 03:50 PM
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390 posts Joined: Oct 2012 |
QUOTE(jolokia @ Nov 22 2013, 03:18 PM) 1993 fresh graduate salary starting RM 1500-1800, twenty years later 2013 fresh graduate salary RM 2200 -2500. Call it 1983 coz that was what we earned when graduated. That's 30 years with 33% increase. We are now in a Middle Income trap with economy still very much dependent on an agri commodity sector. Having said that, our property prices in the City centre is still lowest in the region so its not like the bubble is bursting at the seams. Consider this as a comparison, Shanghai 5 years ago has apartments costing rm 10m equivalent for a 1500 sq ft apartment with rental at that time only rm 18k equivalent ie a yield of 2%. A 1000 sq ft apartment at Mid Levels Hongkong now probably average rm 7 to 8m and we are not talking top range..20 years approx 33% increase 1.65%/year By now if u can't understand why gov only take stringent move to curb property speculation beginning 2014, & think developer had no ideas on the policy before announcement, why less project compare to 2009-2012, why big developer never make noise on these new policy, then I donno what to says to u..zzz Who says price never go down ? iproperty or propertyguru ..lol |
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Nov 22 2013, 03:50 PM
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Senior Member
4,999 posts Joined: Jan 2003 |
QUOTE(jolokia @ Nov 22 2013, 03:18 PM) 1993 fresh graduate salary starting RM 1500-1800, twenty years later 2013 fresh graduate salary RM 2200 -2500. I've no idea what you're trying to say.20 years approx 33% increase 1.65%/year By now if u can't understand why gov only take stringent move to curb property speculation beginning 2014, & think developer had no ideas on the policy before announcement, why less project compare to 2009-2012, why big developer never make noise on these new policy, then I donno what to says to u..zzz Who says price never go down ? iproperty or propertyguru ..lol What's your point? Interest rates were way higher then in the 1980s/90s. That's why house prices are under control. So as long as interest rates are low, people will hold on to it. And yes during the US recession there was a 1-2 year stagnation. There were tonnes of people in this forum who said house prices will go down and crash but it didn't You can check this forum 3-4 years ago. This post has been edited by Drian: Nov 22 2013, 03:57 PM |
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