7 months and only 50% sold and they call that good?

http://www.thestar.com.my/News/Nation/2013...dy-in-2017.aspx

This is another good article share by someone else:
http://www.businessinsider.com/are-you-the...he-table-2011-6

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 ?

According to JPPH statistics;

In 3Q/2013 number of residential property transaction in KL has dropped by 47% and 6% if compared with 3Q/2012 and 2Q/2013 respectively.

It is the calm before storm.

Interest articles, with a lot of similarity. 

http://profit.ndtv.com/news/your-money/art...to-burst-371745

Given number of units under construction, it is almost certain.

This last gold bull trend started in 2000 till 2011........between 1981 to 2000, gold was in a bear

Back in 96 no one expect the economy would collapse in 97-98,  it was full boom, in fact u need to pay to join koperasi & pay large sum under table line up over night to get a house.

Properties was at full boom, every one thought economy would never slow down,  It's thought that Malaysia going to join Hong Kong, Taiwan,  Korea & Singapore as 5th Asia Dragon.

One of my relative supplying building material still expanding his business,  a year later went bankrupt as over expand & developer cabut with goods never pay, house,  car, shop, lorry all confiscated.

One of my bros friend always jokes to us that he bought a invisible condo in the sky, end up paying 35K for nothing  abandoned project was aplenty during late 90's.

U r indeed lucky never get a pay cut or cut your staff pay..lol

I knew some people who lost plenty of money during 98 crisis.  One went bankrupt, and never goes back up until today.  He lost his factory, cars, etc.  If I am not mistaken, he invested in properties.

The other one actually got billed out by family, as he lost too much money in stock market playing margin in 98.  He told me that he wasn't in any mood to work at all during the good time, as he could make hundreds of thousands in days. He was in construction lines.  He said on those days, developers never ask about your prices, they just ask when can you start and whether you have manpower.

A friend bought a house at that time for investment, and left vacant for many yrs.  Only past few years, she managed to sell the house with price she felt ok.

I dun think Malaysia was affected much in 2008.  At least not that I could feel.  I think share market got affected more in 2008.  I think I could only remember NPL was bad, and bank shares are very cheap.  But somehow, nobody dared to buy.

All I know is that during downturn in 1998 and 2008, the sentiment is so bad that most people don't dare to make moves. Those people who are waiting for the price to go down kept on waiting for even lower price. When they finally decided to buy, the bank don't dare to loan them. Or they lost job because the economy is so bad. Although they have money in the bank saved up to buy properties, but because they lost their jobs, the bullet became their emergency funds. At the end, not many transactions during recession

Whereas those investors who buy during good times, continue to buy during bad times. They manage to pick up many good deals. These investors usually have target price and will make the move when their target price is met.

The lesson is set a target price. When the price meet your target, make your move immediately. If you wait and think the market will get lower and lower and even lower, you will never buy anything at all in the end

Anyway, I think the stock market will fall prior to the property market.    Listen closely to the pulse of the share market next year?

More buyers being filtered out from getting a loan doesnt mean property heading south. It shows less qualified buyers at market imo. Thats true color of buyers not about property value itself. Holding power is the key on good location.

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
 

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....

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 ?