when china recalls its 475B credits.

You are very welcome !

Wrong ! the $$ would just moved to other investment eg stock market, Mutual fund, gold & etc.
Developers can move to other industries just like current plastic mfg, undergarments mfg, college, software co. turn to property developers.
If the is any damage maybe million of foreign worker & black money flow out of our country which could be blessing on disguise.
Prior to the over speculated properties craze, I don't see problem with our economy, so why should there be any.
Unless we follow PIGGS foot step making property speculation as the main mover of the entire economy then we will end up just like them in future.

I guess nobody will know the exact time. Every Mark is watching another Mark, with legs ready to run to the door. Matter of fact, that is why many of us are here: to gauge when the time is or whether it is in fact coming.

If u believe in George Soros's Reflexivity theory (too abstract that I only understand abit after few time readings), the trend has already started! I knew from my earlier experience when my Iris plunged 1 days after I bought them. Selling immediately has never crossed my mind. After I am grown a bit, I realised that, at that time, selling immediately means that I have to admit I have made a big mistake a day earlier. And my earlier decision is not made in a short time. To admit my carefully made decision is a mistake after only a short time, it was (or is still) beyond my brain's abilities to accept! Everybody has gambling nature in him/her. This is required for survivor.

My observation is that, money has already flowed and reached stock market. Many may not realised that this is a Hidden War! Between rich and not-so-rich, between countries via credits and currencies. God bless us all.

QUOTE(zonefinder @ Nov 22 2013, 05:35 PM)
Aiyah, don't frighten folks like that lah icon_rolleyes.gif Let me tell you a bit of my personal experience. I was in Spore in mid 90s. At that time, property there as booming and my contemporaries there never experienced a downturn in property prices ...ever, since independence. Same sentiments..pty prices will never go down...
I bought a condo in 96 close to peak in the market. Market corrected big time the next year in 1997. My condo dropped 25% and stayed at that level for about 6-7 years. Balls oso dropped lah but I held. Prices came back big time in 2005. Sold end 2005 with profit of 60%. Point I'm trying to make here is that if you have holding power and a medium to long term investor or for own use, properties is the best investment out there. cool2.gif

Do u think it is ok ? Maybe somebody can study this:

https://forum.lowyat.net/topic/2959260

This is one of the biggest untold secret of capitalism!

Anybody comments ? I wish that somebody can pls point out the flaws of my logic or model. Only then I can see whether I am on the right track or not.

I like the Minolta in the Fennel, not only that he/she is tenacious, he can give some good points!

While is discussion is ongoing and still waiting for price to come down to your liking, Hillpark Shah Alam is selling well and is going to be the next hot place.

It is a vicious cycle for those not in property.

Which new development did not sell well in the past few years? Rarely have I heard of a new launch that didn't do well. Its not the initial launch sales which are gonna determine if a property development is gonna do well in future or otherwise.

I always use The Twins, Damansara Heights as a key example. Take up rate during launch was very good but see what happened after VP? Despite VP during the height of the boom (bout 3 years ago), today 70% of the units are unoccupied. Original buyers are stuck with the units without being able to sell or rent and many are now resorting to renovating their units in an effort to offload them.

If this can happen to a development in a prime area, what can happen to non prime areas? Yes, property is a vicious cycle for those who aren't smart enough to read the warning signs.

It does have reasons/catalysts for driving price up. For investment or own stay ? Anyone has courage & bullet ? Hot place or not may not be so important now. It is just whether u have the gut. Fear and greed always come together. Your decision will depend on which wins.

I interpret that you are just incapable anything big like buying a property for yourself. Now you are trying very hard to be busy justifying your inaction. That I can still understand.

But to put people down by labeling them as "aren't smart enough".

What we get in return ? who care if u r at wrong track, in fact it is good more people following wrong track, then only selected few can accumulates more wealth. .lol

Why waste your time to discuss something where no one care to listen ? People only want "positive" news which BBB & continue BBB, price will forever UUU like 2009-2012, r u worried ur current holding might be drag down by their mistake (if it is a mistake) ?
If ur theory proven to correct then u can accumulates a few more good buy in near future if not u can unload ur current holding with lucrative return, so just let the forum members here dive into what ever there like.

I do have one or two people around me having to resort to renovating their unit to hope to rent out. I thought it is just isolated cases. Obviously, it is not. Maybe you and I are just a small sub-group? Anybody else have friends or families having the same situation ? This maybe a chance to gain more concrete info ?

The question now is not whether waiting for the price to come down or not, it is whether property investment is still profitable for the next many years to come . Nobody wants to be the victim of bull trap. Frankly speaking, I don't think many will have the courage to pick up a falling knife. That is why many of us belong to the 95% group, and not the 5%.

It is a vicious cycle. Agreed. So, when it is a cycle, it is the turn that make it vicious. When will it turn and when should you jump ship is a million/billion question. Aren't we all here to gain some insight ?

haha. You may just get an answer that will save/make u millions! Isn't this good enough a return for you ? I think for you, decision/opinion has been made. Salute to a brave one!

3 of my friends bought a new SD each with the intention of renting out. The SD will be completed soon and from what I know, it is difficult to get tenants now.

Also, there is this 10 floors building competed some 2 years ago near one of the main shopping areas in town. Since then it has been sitting there empty. There is now a For Sale / Rent sign there.

Cheerio.

Many investors are just focusing on the sales of the new launches. Not many are looking at the subsale market where the reality of the property market can be seen.

increasing no. of cases everywhere, a new reality today. 2014, 2015, will get worse...

buy to flip, can't sell. rent out oso tough...

ok, can keep denying, all is good, bbbb...

Do you know any real life cases ?

plenty... just ask a couple of selling and renting agents that you know a bit, honest speaking ones...