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 Is the bubble finally bursting? 2014, V2

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bearbearwong
post Jan 17 2014, 12:04 PM

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QUOTE(kradun @ Jan 17 2014, 11:49 AM)
like this got possible for huge adjustment meh? the uuu are in the queue, then the ddd already cannot wait to jump in after queue for long time.. this is not demand then what else call demand?
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Demand owayls high.. but whethet can AFFORD or bank will give valuatio according to the flip price is another.. now even u bribe the valuers also no use liao..

furthetmore many the market u targeting are cooping with price hikes and GST coming.. u guys hold sin...
bearbearwong
post Jan 17 2014, 12:08 PM

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QUOTE(kevyeoh @ Jan 17 2014, 11:31 AM)
don't underestimate those who really have holding power....i think it is easily more than you think there is...
so it may not necessarily be fire sales happening...

if you check the market postings on properties for sale, the price more or less still up there....
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Agent.. can transact or not??? Saw a poor guy selling off his bandar mahkota vista.. cheras vista wor.. since 2 years back which is 530k.. every month increase till now 680k.. but haha lelong liao starting at 350k wor.. so many landed waiting to br resell le h
Wiredx
post Jan 17 2014, 12:28 PM

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Ya good point to note, those who can afford asking subsale prices are also flipping today biggrin.gif
bearbearwong
post Jan 17 2014, 12:43 PM

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QUOTE(lamode @ Jan 17 2014, 11:41 AM)
a number of them already re-financed their current property(ties) and the cash is sitting at bank, not only they can hold for years, but can whack if got fire sales.
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Dude.. the longer u hold ahh.. investment better of? U sure this is their intention.. if u mention holding is so good and property price surely shoot up.. why the developer want to launch and sell to you guys? They can just built and wait complete than only sell wat.. same like u guys.. they are richer isnt it?

The many? Is how many.. telling partial truth isnt helpful leh.. those others 'many' suffering from credit cards debt.. personal loan.. renovation loan... bancruptcy.. car loan... house loan.. business failure.. and etc.. who is more 'many'. Agent... u meet few big flippers say many liao.. these flippers target ppl like above mention lor... can afford bo ccris all koyak liao...




This post has been edited by bearbearwong: Jan 17 2014, 12:52 PM
ManutdGiggs
post Jan 17 2014, 12:51 PM

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QUOTE(bearbearwong @ Jan 17 2014, 12:08 PM)
Agent.. can transact or not??? Saw a poor guy selling off his bandar mahkota vista.. cheras vista wor.. since 2 years back which is 530k.. every month increase till now 680k.. but haha lelong liao starting at 350k wor.. so many landed waiting to br resell le h
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Boss, not trying to disagree, but as a repoman, can I ask isit bank acution for tat unit??? Or owner auction???
ManutdGiggs
post Jan 17 2014, 12:52 PM

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QUOTE(bearbearwong @ Jan 17 2014, 12:43 PM)
Dude.. the longer u hold ahh.. investment better of? U sure this is their intention.. if u mention holding is so good and property price surely shoot up.. why the developer want to launch and sell to you guys? They can just built and wait complete than only sell wat.. same like u guys.. they are richer isnt it?
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Dev job is to rollover the cash flow for new launches. In biz, they can just sit on tat stock in hand.
ManutdGiggs
post Jan 17 2014, 01:00 PM

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QUOTE(EddyLB @ Jan 17 2014, 11:20 AM)
Luckily I am more into residential unlike you into commercial  laugh.gif
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Boss, resi or commi doesnt matter actually. Just b prepared for the worst. If market no gd, prop price not moving, or market darn gd, prop price goin up like no tomolo, I'm not selling as ur advise previously. tongue.gif

Interest up??? 2 ways to go. Dump in all reserve fund. Bank ll b happy lo. Or race for the dead chics with super low LTV lo. Both ways oso wont hurt the wallet la. Otherwise, dump into stocks market to buy cheap cheap stock lo cos I blif stock market ll suffer if prop market is gonna b s bad s mentioned here. thumbup.gif

Howeva, I dun think days like darnaharta ll repeat la. If it does, I ll not miss the opportunity like the previous round. Sure I ll go hunt for it fr darnaharta. icon_rolleyes.gif
TScranx
post Jan 17 2014, 01:06 PM

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QUOTE(bearbearwong @ Jan 17 2014, 12:08 PM)
Agent.. can transact or not??? Saw a poor guy selling off his bandar mahkota vista.. cheras vista wor.. since 2 years back which is 530k.. every month increase till now 680k.. but haha lelong liao starting at 350k wor.. so many landed waiting to br resell le h
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you got first hand info, can grab cheap units easily isnt it?
SUSjolokia
post Jan 17 2014, 01:12 PM

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QUOTE(EddyLB @ Jan 17 2014, 11:10 AM)
Hi Rooney,

Of course there are flippers who will sell to you. But the UUU camp may be there to bid just in front of you  laugh.gif

Like you, I am waiting for the market to come down too  icon_rolleyes.gif
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So u r another double agent constantly switching between camp to gain max benefits...hmmm sama gang loh like this ...lol

Just like to poke fun on fellow members here only lah..or else waiting for victims game r quite boring. .zzzzZzzz
ManutdGiggs
post Jan 17 2014, 01:13 PM

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QUOTE(cranx @ Jan 17 2014, 01:06 PM)
you got first hand info, can grab cheap units easily isnt it?
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Like many ddd mentioned. Price is 1 thg affordability is another issue. 1st hand is a bonus, able to grab is another story.

no obligation here. Just m2c.
kohts
post Jan 17 2014, 01:13 PM

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Global super boom coming yo
bearbearwong
post Jan 17 2014, 01:14 PM

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QUOTE(ManutdGiggs @ Jan 17 2014, 12:51 PM)
Boss, not trying to disagree, but as a repoman, can I ask isit bank acution for tat unit??? Or owner auction???
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Unfortunately.. I m not d one handling.. but I guess it is bank auction.. poor guy has a black vios..old model.. I saw it wen I brought by the agent... hehe...
ManutdGiggs
post Jan 17 2014, 01:16 PM

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QUOTE(bearbearwong @ Jan 17 2014, 01:14 PM)
Unfortunately.. I m not d one handling.. but I guess it is bank auction.. poor guy has a black vios..old model.. I saw it wen I brought by the agent... hehe...
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tq for info.

bearbearwong
post Jan 17 2014, 01:17 PM

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QUOTE(ManutdGiggs @ Jan 17 2014, 12:52 PM)
Dev job is to rollover the cash flow for new launches. In biz, they can just sit on tat stock in hand.
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Actually..thete are leh like tan ming 1.88m... east park72... 1.4 m.. developer finish built baru sell... and still vacant leh...
bearbearwong
post Jan 17 2014, 01:23 PM

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QUOTE(cranx @ Jan 17 2014, 01:06 PM)
you got first hand info, can grab cheap units easily isnt it?
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hmm dat owner can by private treaty sell his prop anytime before auction... in auction surely got funny guys bidding against you for no purpose gehh.. then will say.. u open 20k cash cheque to me.. I let u win the bad.. I say u please take the bid... once they won.. say like auction price 350k.. bid till 400k deal seal and sell.. he only park in 35k oni maa... the balance payable he dun pay lor... so forfeit the deposit 35k.. and auction again.. buy some time damm unscruplus.. government come in.. if bidder dun pay balance.. bancrupt the bidder for the balance.. and auction in the name of the bidder...

damm..
SUSUFO-ET
post Jan 17 2014, 01:36 PM

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QUOTE(ManutdGiggs @ Jan 17 2014, 12:52 PM)
Dev job is to rollover the cash flow for new launches. In biz, they can just sit on tat stock in hand.
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Obviously he dun understand how developers run their business

This post has been edited by UFO-ET: Jan 17 2014, 01:38 PM
lamode
post Jan 17 2014, 01:36 PM

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QUOTE(bearbearwong @ Jan 17 2014, 01:23 PM)
hmm dat owner can by private treaty sell his prop anytime before auction... in auction surely got funny guys bidding against you for no purpose gehh.. then will say.. u open 20k cash cheque to me.. I let u win the bad.. I say u please take the bid... once they won.. say like auction price 350k.. bid till 400k deal seal and sell.. he only park in 35k oni maa... the balance payable he dun pay lor... so forfeit the deposit 35k.. and auction again.. buy some time damm unscruplus.. government come in.. if bidder dun pay balance.. bancrupt the bidder for the balance.. and auction in the name of the bidder...

damm..
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exactly, lelong start at 350k doesn't means it won't transacted at 500k.
godlikexioo
post Jan 17 2014, 01:43 PM

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sometime when u need it a house u still need to buy even the price is crazy. i did come across this, it really need a house for married life. That time is just to decide whether to buy a super link GnG in out skirt or a services apartment in PJ/KL both are around the same price. After discussed with family KL/PJ will be more convenient. Luckily, it is a right decision for me. although the distance is just 13km to my office Jalan Tun Razak it will take 30-40mins for me to reach. Sometime the traffic 'Gila' will even cause me 1.5hr++ to reach. Thx god, i not choose to live in out skirt GnG super link, the distance is almost 40km+ to reach Jln Tun Razak, just imagine i may have to trap in a traffic for 2 hrs for normal traffic.. Just to share my experience.
bearbearwong
post Jan 17 2014, 01:45 PM

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QUOTE(UFO-ET @ Jan 17 2014, 01:36 PM)
Obviously he dun understand how developers run their business
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Oh .. so your great view would be "buy now otherwise sure regret".... right but not new prop but subsales prop fromu guys... then flippers also roll wat??
bearbearwong
post Jan 17 2014, 01:49 PM

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QUOTE(lamode @ Jan 17 2014, 01:36 PM)
exactly, lelong start at 350k  doesn't means it won't transacted at 500k.
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Oh 500k.. right lor.. if you tink it is worth it go ahead.. along the way ah.... ccris koyak.. ctos koyak.. want to flip again ahh see got bank want to borrow ir not..

if this happen mostly to flippers I m satisfied liao one flipper down..next

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