Seems like a lot of people will be hit by johor scheme.

I am tracking some prop from several months back. Condo psf has been dropping! Landed is stagnating or dropping somewhat. However, there are some who actually increase their sell prices, despite their prop have been listing for sometimes. Can't understand the rationales behind. If it is not selling until now, how would increasing their sell prices help ?

My guess that the owner buy more than one prop at many locations. When one falls, it is like dominos!

Just my guess.

Tq for sharing! Looks like many people were trapped!

Somebody must be brave and hv deep pocket to pick up dead chicken!

For monthly rm6200/mon.

Quick est:

Epf n income tax - 600 + 500
Car loan - 800
500k loan - 2500

Remain - 1800 for everything else. Taugh life in big city!

If working for people, 6200 is for manager and above. Poor middle income.

50% of household should live in apt or condo:
http://www.theborneopost.com/2013/03/28/av...me-hits-rm5000/

This post has been edited by gspirit01: Dec 28 2013, 12:03 PM

Like it or not, all of us here are a subset of the whole population. If you believe in statistics, our views here actually do reflect what is the major trend in the market. What I observed so far:

The usual optimistic investors here are not buying in the near future, and waiting for things to get clearer or dead chickens of at least 15 to 20% discount.

The pessimistic investors here are expecting prices to come down, or even a crash. So, they are not buying.

What I can conclude now is that prop prices now are stagnant, pending for next trend. As nobody is taking any action. In fact, future is being shaped now by future buyers and sellers. If people are not buying or supporting at this point, won't the collapse of overcommitted flippers trigger a reverse trend ? For my observation of trading, trading trends are like running train. When it goes up, nothing can stop it rises. Only when it runs out of momentum, it stops. When it comes down, it will run over anyone, anything in its way.

It is simpler to see this in stock market. Buyers and sellers set their prices. Only when one crosses over, deal is made. Flippers are like highly geared speculators. When they are forced sold, it wipes out all queued buys. In this case, queued buys (optimistic investors waiting for dead chicken) won't be there unless there is at least 15-20% discount. All human tries to protect their resources. When prices do reverse, the instinct is to wait for things to settle down, even now. Hence, I doubt that when dead chicken is shown, whether there is anyone picking it up.

Does anybody know that losing a lot of money is actually as painful as cutting yourself bleeding ?

http://www.webmd.com/balance/news/20070502...ally-be-painful

My personal view is that, this round will be different from any events occurred before. Even "if" prices do crash, it does not affect so widely as in 1996, as the degree of population involvement is not as great. The people participating in this properties boom since 2008 is not as many as in 1996, where we have foreign speculators in stock markets, properties speculators, stocks contra, 2nd board stocks, etc. But the mechanism of price movement will be the same. Other than people in property market and politicians, I have not heard anybody saying that Malaysia economy is very good since 2008!

I do believe that GDP is growing. However, GDP figures can be directed into certain direction. In Malaysia, I think, I am not economist, it is directed into infra. But, I wonder whether the money has triggered down or not.

lol

Will pm u when it does.

Anybody read sinchew today ? Total households in malaysia it says is 6.9 mil. Existing house supplies is 4.67mil. Hmm, dun know whether they meant the supplies is available supplies or total supplies or total housings?

It is actually very difficult for him. If the going rate is 660k, he has to sell it for, let say, 560k. It is a loss of 100k for him and not gain of 130k. Majorities won't sell. Very interesting psycology.

Money made, realised or unrealised, is considered owned. Taking an actual loss is psychologically painful. Unless one is professionally trained, normal people is just not built to cut loss. So, the poor guy is trapped until the last minutes, when our cruel repoman above is taking action on him.

I hv no idea how they define household. But the author do say it is enuf for all household in malaysia.

I do feel that is happening as well. Y were they made? It is like how hate-rich was created during china communism era, in another form. The word "flipper" is badly hated in this thread.

Noted. Luckily I am not a flipper.

We discuss this previously. Foreigners' buying accounted 16% of kv prop buying last year.

16% of all transactions. There are few news in sinchew business page 2 about recent star prop expo and iskandar. May worth reading.

Happy New Year to all of you!

I think the two camps here won't be agreeing with the other party ever. In fact, alot of views here are from personal stands, as opinion is already formed by taking positions(buy or sell or hold). In fact, it is like blind men touching the elephant, all of them are partially right.

I think only some concrete numbers will tell the truths. Instead of argueing whether u r right or wrong, why dun you start with household incomes, house/condo supplies, etc, to see whether this prop market will be up or down. If u r blessed with first hand info with people around u, judge their abilities to further invest or start selling, then you get a clear pictures.

When the price curve is in the middle, no one can tell for sure it is going up or down. Only when the price is beyond the reach of most, it will stagnate and fall! Is this prop market beyond reach yet ? Let the number tell u.