for me, i'll buy.
No reason. 6th sense!

Wow so ur confident this bubble wont burst heh???

I never say anything abt bubble, right?
Keep it simple. I'll buy if I like it and afford it. I'm not from Penang, but I think it got potential.

I am tracking prices to buy. Not an agent. Trying to upgrade my house due to wife's demand.

I like stock market investment better. Other than the past few years, I never feel that residential prop investment is a good investment. Of course, commercial is another story.

Depends which "story" u prefer to believe.

http://realtymalaysia.blogspot.com/2013/12...set-to.html?m=1

or

http://www.propertyguru.com.sg/property-ma...oderate-in-2014

In 2 years there in additional 48K house coming, while in 6 years Penang residents expect to increase 300K, base on 4 person per house meaning 75K is needed for next 6 years but in 2 years already 65% ready, so calculate yourself & determine price will up or down.

http://www.themalaysianinsider.com/malaysi...from-trade-pact

Read this particular part which Tun Mahathir comments on our property

He also pointed out that Putrajaya was going about the wrong way to make Malaysia a developed nation by 2020, as spectacular buildings and shining skyscrapers would not help the country.

He said that a lot of the foreign direct investment (FDI) which Malaysia attracted was for the construction of buildings.

"While the sums are huge, I do not think that Malaysia benefits that much. The technology used to design and construct the buildings is not something Malaysia does not already have.

"The construction of such buildings benefits the foreign workers more than it benefits Malaysia.

The foreign workers will pocket their salaries and remit it back to their homeland."

Dr Mahathir said what Malaysia needed to
improve its income was investment in high-tech industries, as higher qualified Malaysians could work in these fields.

He expressed confidence that there were a lot of qualified Malaysians in the market, noting that a few thousand vacancies in the government service attracted more than a million applications.

"For Malaysia to become a developed nation, we need to diversify. The shiny new buildings and skyscrapers do not mean Malaysia is a developed nation, whatever the per capita income may be."

"Good point of view" he may not everyone favorite statesman, but can't denied his sharp vision & foresight.

yeah...and everyone in Malaysia just buy and flip properties...and everyday go eat and drink and party at night...no need to work...

continue buy buy buy and then every one or two years, when no more money...sell and buy and flip again for profit...sorry, not flip la...investment...

I think the Gini coefficient in Malaysia has been increasing rapidly in recent years. The government has not managed the taxes collection and re-distribution well.

Correct me if im wrong but i think the dibs & rebate thing became "the norm" circa 2009/2010 right? That means the mass of people who could just pass borrowing guidelines, but had few other resources, started jumping into the RE market around then. Of course there was already an active RE flipping/investment market by then, mainly in prime areas, but it was only about 4 years ago that it became everyone's game which then pushed prices in ulu places to match PJ/Damansara levels. Therefore those bandwagon jumpers are only being tested for holding power and capability from around late last year. My unscientific deduction lah i think we should see the real effects from end of this year.

Sorry to interrupt.. infact.. the government slaughter iskandar johor project in cold blood when they raise the bar to 1 million.. they know dat a fact the iskandar project was target to singaporean.. those studios and spartment. Cost 380k mostly planned to be resold at 500k mark all burn down.. 2 of my friends burn out.. no joheareans would be stupid enough to buy 2 room studio worth 500k.. right with 600sq..

the government will just skaughtet u guys.. they wont protect the flippers one.. the market is yotally out di really need a great collapse to restart the pyramid system..

Here is an interesting article...

How Can I Protect Myself From a Real Estate Bubble?

To protect yourself, follow these simple tips:

Don't overextend yourself. Buy a house that you can afford with a traditional mortgage where you make principal and interest payments at a fixed interest rate.

Follow the rule of thumb that you should limit your housing costs (including property taxes, principal and interest, and homeowners' insurance) to between 25% and 32% of your family's gross income.

Don't assume that your house will continue to appreciate at the fast pace that it may have in recent years.

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.

Don't buy a house you can't really afford just because you think it's a good investment. The more real estate prices rise, the less likely they'll continue to do so. Eventually the bubble will burst, and you don't want to be caught in "bubble trouble."

Don't indulge in cash-back refinancing and use the equity in your home to buy cars or boats, take vacations, or pay off debt (unless you're committed to avoiding the spending habits that got you into debt in the first place). It could come back to bite you if real estate values decline.

Don't purchase real estate with an interest-only loan if you can't afford the property otherwise. These loans usually have adjustable interest rates, which could make your payments unaffordable. Once the interest-only period ends and you must start paying principal as well as interest, you may not be able to make the payments and could be forced to sell the property at a loss.

Choose a modest home in a good neighborhood rather than buying a home larger or fancier than you need or a bigger home in a less desirable neighborhood.

Avoid buying a house in an area that has appreciated well above the average rate of appreciation in that area over the past few years.

The bottom line: don't panic about a potential real estate bubble, but exercise caution and good financial judgment when buying real estate, choosing your mortgage type, and taking equity out of your home.

Too late for most flippers.

Very good advice. Thanks for sharing.

Very good guidelines

There were too many flippers in 2013. They should be weeded out.

Assuming a unit at $500k MYR = $200k SGD. At a loan of 80% = $160k SGD. Over 30 years loan monthly repayment at 5% interest is about $1k SGD with maintenance fees and taxes. It is still quite okay to hold for own use.

Unlikely to crash there and probably price will stabilise until RTS is nearly completed. By the way most of the buyers are actually Malaysians.

Malaysians who thought they could flip to Singaporeans imo ^

You are right. The rules actually hit these Malaysian flippers harder.

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

Penang is definitely good, no doubt.

Funny statement, talk easy...
I doubt the author understand wat he is talking bout