why must wait 2034??? not 2020 geh?

Malaysia Chinese population only 22-23% with 1.8% population growth yearly & dropping.

U r right though Property r 99% Chinese game, there were never much of real demand in property,  mostly buy & wait for water fish,  those day flipper can buy from another flipper & still earn, nowadays very susah aleady.

Let them be lah ! Most just wanna tayang their wealth here, genuine rich man usually quiet about their holding,  after spending entire fortune to buy property (some till need to take public transport), or playing properties for 23 years (probably retired or near retirement) the only place they can earn some egoism is here only lah..  ;-D

More like orgasm

Haha I wish I'm the dev. Most likely I'm oledi goyang LP liao.

Media is media. I will take it with a pinch of salt  if you read chinese, here is another version with more concrete figures.

http://www.nanyang.com/taxonomy/term/688

The survey is on certain markets only izzit... and servey is purely on asking price and not tranascted price?

Slow transaction.. price stagnant or increase..
Good transaction.. price go up all d way

in conclusion price go up.. still BBB mode..

Bo comment meh? Haiyoo... got shock bo

i hope so... possible down 50%... i want to buy. 

down 10% is nothing. 

Construction industry is less than 8% of GDP, high property price means high loan repayment i.e. less disposable income. After shock period, property price crash is beneficial to aggregate economy.

I read in Malaysia German Chambers of Commerce website says Construction contribute only 3.5% to GDP leh..donno which is true.

But I think Malaysia  Construction Sector contribute a significant amount to Indonesia & Bangladesh GDP though ...lol Billions be sent back to their country every year ...wakakaka

As per;
http://www.statistics.gov.my/portal/downlo...n_2005-2012.pdf

In 2012, construction contribute 3.5% of GDP of which 25.2% is residential sector.

Believe many of those who bought in 2011 have also invested more in 2012 and 2013.

Perfect storm expected in 2016, we ain't see nothing yet.

It's human nature to be greedy. Similar mindset to gambler. Once tasted easy money, then "assume" that they can reap the same so call "formula" to make even more. I knew quite a number of people that sold their existing stocks and pour all into the new stock hoping to gain even more.

Yes some went through 1997 and a lot of them that gone bust that time is still quite broke now to worry whether property is going UUU or DDD. What I see now is that a lot "investors" these days did not personally went through that 1997 era and they don't really have much idea of how it is.

Try stepping in new launch venue and you will find most of the "visitors" is usually in their mid 20s to mid 30s to 40. This is of course from my own observation lar.

Well, IF this time did really bust, then it's just another economy cycle. There are bound to have people who will be hurt by that. There are winners and there are losers as well to balance out. For me, I think it is very risky this moment. I'm not a hardcore DDD but the risk to reward ratio is not worthwhile any more for me. The indicators and fundamentals have show signs of weakness and if look into the bigger picture of the whole system, it does looks bleaks to me.

Provided plan is executed and realized.

Provided plan is executed and realized.
Few buy property in cash, hence, most need to service loan repayment and having negative cash flow on property, and many unlikely to sustain for long.

Believe current property frenzy is not dissimilar to stock in 1992 and 1993.

simple explanation why negative cashflow property is not an asset

if your property is rented with positive cashflow
you lose your primary income ... your loan is still paid by the rental stream. no issue

if your property is not rented [i.e negative cash flow]
you still have you primary income ... your loan is still paid by your primary income. no issue

if your property is not rented
you lose your primary income ... your loan cannot be service ... dead in the water.

the issue is losing primary income during a downturn ... can you weather the dry spell until you regain your primary income.
people sometime is so "full of themselves" they don't even want to take job at half their old pay ... wait for dead only.

it really depend on your primary income power to sustain your loan.
some people primary income is share trading ... so F U loh !!

Hello Sifus,
I'm a newcomer, I have read like 80% of the comments in this thread.
Noticed the UUU and DDD ppl are just like ppl in casino.
(just learned these 2 new terms lol)

UUU: Enter a casino thinking they are very lucky and can make handsome profit out of it.
DDD: Enter a casino and hope for a very bad luck banker so they can win their bets.

Ok. I know of this case. Let's see the scenarios yeah.

"Investor A" assuming staying with parents so no need spend $$$ on his/her own housing. His/Her salary is gross RM 6,000 which after deduction shall be around (RM 6000-348.35-14.75-660=) RM 4976.90

He/She bought a property say in 2010 for RM 450,000. Mortgage repayment is RM 1941.85 (Base on 90% loan, 35 years tenure, 4.6% interest).

So now, the his/her Debt Service Ratio (DSR) is 1941.85/4976.90*100=39%

Then he/she rents it out at RM 1,500 (4% yield).

That would be negative cashflow of RM 441.85 per month. Ok la. No big deal.

--------------------

Now he/she use the tenancy agreement of RM 1500 as income documents to bank. So basically his/her nett income is now RM 4976.90+1500= 6476.90

Based on RM 6476.90, and assume DSR is at 70%, he/she is eligible to take a loan with monthly instalment of (6476.90 x 70%)-1941.85= RM 2591.98 which the loan amount comes to RM 540,594

So now with a new property, his/her monthly instalment will be RM 4533.83 for 2 properties.

--------------------

Imagine this particular person with nett salary income of RM 4976.90 have a repayment of RM 4533.83 which left RM 443.07 monthly if the rental income suddenly stop coming in. Just think and see if this person can survive any probability of interest rate hike, vacant unit without tenant or market slightly crash?

There are people like this out there.

And I have not even talk about how genuine is their tenancy agreement (there are chances some of them using fake agreement or inflated rental price). Also imagine those people who leverage on multiple more tenancy agreement to max out their capability. I'm not saying there is a lot of people like this, but I'm very aware that there is a lot people using their tenancy agreement to take higher loan amount.