I doubt I am a prop bull. I still invest, but I am not optimistic that the prices will continue to rise as it is next year.

On the other hand, I changed my mind about DDD camp. I doubt the market will crash like you hope it would be.

Slight adjustment downwards are more likely then followed with a period of stagnation until Zeti or Ah jib gor beh tahan and stimulate the market a bit (if they can).

Again, for me, props is always about location location location.

And what type you of props.

Nope. This is to be expected.

But we will see. Malaysia is highly dependent on the building sector to keep the GDP growing.

If the market cools dragging the general economy down with it, I expect Najib will reverse course pretty sharpish.

Especially with cost of goods rising, the last thing he needs is an economic slowdown that will effect jobs.

I for one, are not worried either way.

If the prices drop, good.

I got a few target in mind to acquire actually....

Bearish? Perhaps then. But I can change my mind, can I not?

Also, since when was I ever super bull?

You don't know my portfolio and my holdings, do you?

Anyway, say whatever you want. I know I am fine however the worm turns.

If the prices drop, good. I can acquire some more.

You can keep waiting in the sidelines if you wish. It is a free country after all.

Bro chill bro...this is a forum, not a life and death arena....

Remember your kids at home man!

Whatever in my replies shows that I am worked up?

I think what it means that when BNM implemented the 60-70% LTV, the number of borrowers with multiple housing loans fell and did not go back to the same heights pre-LTV.

This is strange. I thought BNM only implemented the 70% LTV only 1-2 years ago?

Nevermind, it has its intended effect.

I reduces unnecessary borrowings and contains the bubble.

since the price is slowing you can afford to wait...

look see look see first....

Rich folks always sapu everything when there is a firesale.

Stocks, property and companies.

That's why they are the rich

When I mean everything I don't mean "everything".

Everything meaning everything of things worth having.

Anyway, you get my gist.

Point is, if you have a valuable asset, you don't have to,worry whether prop prices will go up or fall.

Just know what you are buying and you will be fine

Aisey....since when does UUU and DDD argument became subprime or not subprime argument wan ah...?

Aiyah this is for sure...next year....very few launches by developers.

Prices will stagnate. Current launches will have difficulty selling all units.

Heck, the subsale prices may also come down abit.

Basically, we will have a slowdown for at least another 6 months

DDD camp happy yet?

Sure....but wait long, long loh.....

Interesting time in store....

Haha bro, now you sound over optimistic here.

Bear in mind the oversupply situation for condos as well.

I think more likely stagnation for a few years at least, gst or no gst

Well, for me I couldn't afford landed.

Anyway, I think landed is riskier than you think.

You couldn't rent it out at a decent rate compared to condos, and there are no guarantees that you can find buyers easily because it is too damn expensive, I mean the newly launched ones.

Holding power is a must.

More likely property prices here has reached its peak and likely correct.

What I don't agree with is a property crash.

Which suburbs?

The desirable ones easily hits 600 to 800k for 20x70.

Way too expensive to invest.

Even semenyih, which is as far as the boondocks you can go, 400k plus for 20x60

Plenty of Chinese emigrate, earn foreign currencies and reinvest some of their monies here.

Why? Because Malaysian props to them is damn cheap

Loads of people here thinks crash ala US during the subprime crisis.

You know, like in Las Vegas, Miami or Detriot.

Firstly, I think property prices will likely correct itself to the level that normal people could maybe afford them. There is still demand for props in this country, just not at this kind of high prices. At what level of correction, well we will have to wait and see.

Secondly, unlike US banks, our banks did not lend out money for mortgages recklessly, the US banks lent out billions to NINJA borrowers. Our banks are much more strict and BNM did a good job controlling them for the past few years.

Thirdly, yes there is demand from overseas for our props. Problem would be the anti foreigner actions taken by the government to stop prices from rising further, like the 1 million bar. Foreigners don't really invest that much here. Around 500k or so the foreigners are interested.

It may surprise you that despite all the griping about unfairness, many Malaysians decide to keep their citizenship instead of relinquishing it. So many also invest props here because to them it is cheap. Whether they come back is another story.