I would say currently developer r "over" profit, though I am not sure is there such terminology, just look at their profit figures 30% increase every quarter, despite building less house compare to 2012 yet their profit keep getting higher, even car dealer, college, software company, under garments manufacturer join in developing houses.

Their cost is actually getting lower & lower, as the selling price getting higher & higher, imagine same launch but can suddenly jack up within weeks of launching.

Anyone believe their "Story" ? ..lol

If cost increase in line with selling price, isn't profit margin should be the same ? remind me of sugar price increased 20sen per kilo, 1 glass of teh tarik also increase 20sen, so it take 1kg sugar to make 1 glass teh tarik ? ..lol

House is meant for consumption (people to live) not for speculating (gambling) ..sigh (who is listening ?) until the flipper burn their hand then cry for government help...lol

This post has been edited by jolokia: Dec 18 2013, 12:29 PM

Bank Negara formulates new measurement for BLR in 2014


KUALA LUMPUR: Bank Negara Malaysia (BNM) is formulating a new interest rate framework for the measurement of the Base Lending Rate (BLR) next year to further enhance the country's financial system.
Governor Tan Sri Dr Zeti Akhtar Aziz said BNM would issue a consultative paper outlining the new reference rate framework to the industry in early January next year, as it needs to adjust and progress towards better serving the economy.
"Of late, there have been indications that the BLR as a reference rate has become less relevant. "It has therefore become less meaningful as a basis for the pricing of loans. Retail lending rates on new loans being offered by the industry are at a substantial discount to the BLR," she told reporters after the launch of the Asian Banking School here today.

Zetri said the BLR is the key element in the financial intermediation process and needs to be improved in term of its efficiency, for the banking industry to continue to meet the ultimate objectives for its existence. - Bernama




BLR up ? or no more (BLR minus rate).

Look like bank can no longer play the BLR go up give more discount tricks, Border line flipper beware.

This post has been edited by jolokia: Dec 18 2013, 02:13 PM

I know someone who bought a few shop lot in Rawang many years ago went bankrupt, as the shoplot literally growing grass..lol

U r born natural developer.

I like the the phrase buy a piece of cheap land then give a fancy name..lol

Build medium cost apartments name it service residence...lot's of those near my taman.

Plant some tree name it Eco this Eco that.. isn't building house is bad for eco system ?

Don't forget split a 700K 1000sf unit into 2 small 500sf unit sell for 500K each...wakakaka

This post has been edited by jolokia: Dec 18 2013, 06:05 PM

http://io9.com/chinas-brand-new-abandoned-...an-m-1238731420

Little Paris & Venice

Oh Paris Wong I found a house for U..

If u read China press today (online edition) developer themselves admit the buying heat is gone, but there always last minute fool like those in stock market, so flipper can still get a few low awareness water fish to unload.

http://www.shanghaidaily.com/article/artic....aspx?id=188731

Hehe...lol

China property price up mean those China/Taiwan/Hong Kong speculators would unload & go back to goreng China property, Malaysia properties price would therefore tumble, is DDD for sure. ..wakakaka

Unlike Spain, Portugal, Australia, Canada, UK, Singapore where many China speculators try to obtain PR or long term visa through buying properties, here in Bolehland foreign speculators prefer hit & run, so expect foreigners cabut before new ruling on RPGT. .

Throwing cat among pigeons & see feathers fly is fun..hehe

http://www.usatoday.com/story/money/busine...vember/4115407/

Wink2

All time high stock market, ringgit against usd all time low, property price all time high, I smell 1997 revisit.

US Federal Reserve hold 30% of our bond compare to only 18% of Thailand bond, so in fact US economy recovery would bring adverse effect on us, as they would go back invest in their own country.

When export market recover meaning businessman need more fund for their business, aka may reduce properties holding thus disposing their holding, DDD & SSS time.

When ever I see people rushing to buy 500sf service apartments with 400K price tag in non business district, I just shake my head & wish them good luck.

Does this people ever calculate rental yield & secondary market demand for such property in non business district ? ...sigh

But as usual all u need is some obasan gossip & social media, plus ask your staff to become actors/actresses to line up long dragon...lol

Flipper hope - Property market get second round up trend.
Invester hope - Property market at worse stagnatation.
Buyer hope - Property market crash while their pocket don't.
Investor advisor hope - Keep on talking interest will not go up nonsense..

Every one have their own agenda.

Obviously over supply ? Spain property market in the making.

No difference ! people like to "hear" their property price go up, though paper/sound of gain.
Very Good ! Jolly Good

Dead Chicken coming

This post has been edited by jolokia: Dec 24 2013, 08:46 AM

Not true lah ! HBA r a bunch of dreamer.

According to developer & REHDA next year properties market will back to full boom, people realised that there is no price drop, so people will continue to BBB & price will UUU for sure, after SPM results all those students will move into KV to work & study, they would sapu all current house either buy or rent, so no worry of oversupply.
People r dead worry over GST will cause house price further going up, so sure buy on 2014, then according to some minister price of goods will drop after GST, people have more spare money sure buy more properties to goreng.

Developers say it took 60 years to build enough house for Malaysia to equalise develop nation, so at lease 60 years property booming.

This post has been edited by jolokia: Dec 24 2013, 09:35 AM

Penang lan all si beh u lui "very loaded" one, typhoon haiyan come also will not let property go auction one.
All those auction r isolated case only, pua tang zhui "wannabe" flipper from mainland maybe...lol

Aiyah. normal lah when people untung sure heboh2, when rugi diam diam loh.

But there are really lot's of loaded Malaysian arround, don't ask me their source of income lah.

Old tricks lah ! If cannot sell increase the price, still cannot sell increase some more, ignorant people would think "wah keep on increasing better buy fast before increase some more, every couple months increase later sure can untung kaya raya..lol

I saw a few iproperty unit price up, up, up later lelong ..wakakaka

Those asking for heaven price properties advertised more than a year also no taker, no need to bother with those dreamer, let them keep on dreaming. ..zzz

Previously seller market it was if u can't afford to pay there r other who can afford, now is buyer market if u not willing to cut price there r other who r willing.

This post has been edited by jolokia: Dec 25 2013, 04:24 PM

Case 1 saw the photo look familiar call up agent to confirm address, Happened to know the neighbour "my relatives" told the house no tenant for nearly 2 years, but alway wanna sell above market price, later went auction,.

Case 2 owner is my colleague friend neighbours.

Case 3 happened to know the agent confirm the unit went auction.

There is a 222 residency condo went on auction before vp, that particular flipper must be really "tam kai" with DIBS also cannot hold..sigh

Anyone know what happened if auction also no taker ? would the bank sue owner or shall I say loan defaulter for bankruptcy, which bank can obtained loan defaulter other properties to cover their losses.

If indeed properties price coming down/ stagnation/demand slows down, surely bank would accelerates auction process.

This post has been edited by jolokia: Dec 26 2013, 09:52 AM

Before getting key.

VP (Vacant Procession)