Is it just me or am I noticing more and more auction properties popping up?

If I recall correctly, it was sometime in late 2010 that I last witness auction properties. Didn't noticed any in 2011, 2012. A few popped up in mid 2013 and now....

Are there any good properties in well established locations and low reserve prices compared to market prices?

My answer is no.

A lot of properties up for auction are located in rural, mid and low end areas.

I am still waiting for properties from good locations for auction i.e. Ara Damansara, Bandar Utama, Bangsar, Sri Hartamas, Ambang Botanic.

Only those worst prop location and high ticket will hit the auction broadcast, better ones taken before real auction.

Bubble Specialists,

Please try harder to blow the bubble bigger.

Logically speaking. If I dun drive, 0% chansi to get accident. If I drive 5hrs a day regardless urban drive or on highway, higher chansi to get accident.

Last time less new launching, less auction props. Recent yrs more launching, more auction props.

Like tis ok boh???

Tapering started. Wait to see the effect.

I think those auction props do not belong to the new launches group?

Keep the new 1 auction old 1 ma. Many ppl do tis wan.

Some get beta price tim.

hmmm, Fast & Furious actor Paul Walker should still be alive then ....

Too bad his fren drive n so happen he is in the car.

If our gomen drive fast n furious leh? n we all in passenger seats?

think bubble tak jadilah since BNM keep pressing the brake...

I think alot will depend on the new rate framework that BNM will announce early next year to replace the current BLR system.

Sama sama pigi holand

Exactly my point!

Baca ini,,,

Property bubble: fact or fantasy?
By Dr. Ernest Y Y Cheong

Read more: Property bubble: fact or fantasy? - RED - New Straits Times

http://www.nst.com.my/red/property-bubble-...antasy-1.143376

Whoa...based on Table 2, low income families spend (food-dine out) RM 100 per month, or RM 3 per day (30 days/mth) ...
Apa diaorang makan ni? It's like a slice of roti canai w/o drinks per meal....

This post has been edited by OPT: Dec 19 2013, 03:27 PM

Thanks.

The scary thing is that article appeared on 14 Dec 2012, a year ago. They were already seeing/sensing something was not right with the RE market.

Rm500k property, how many sft in Klang Valley? Ngam ngam can squeeze in family of 4 ....?

Has this article been quote here already ?

Penang has never been the major concern by the forumers here anyway !

http://limguaneng.com/index.php/2013/12/08...-bubble-enbmcn/

I would prefer the bubble burst to happen sooner bcs it's very difficult to sell when prices are so high. I bought low so I'm fine with it. After selling if buy again will be okay - sell low,buy low. First-time buyers who have been waiting for the bubble will be the happiest. Those who will find themselves in deep shit are those who bought high,can't hold on and have to let go. Wow,sure rugi one big hole.

This post has been edited by TheOwl: Dec 20 2013, 04:52 AM