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 Is the bubble finally bursting? 2014, V2

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Rabel
post Feb 10 2014, 01:39 PM

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QUOTE(jolokia @ Feb 10 2014, 01:06 PM)
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
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Malaysia, Indonesia n Bangladesh are good friends mah. biggrin.gif biggrin.gif
bearbearwong
post Feb 10 2014, 01:40 PM

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QUOTE(commander571 @ Feb 10 2014, 01:30 PM)
sweat.gif  sweat.gif  sweat.gif  The 2nd biggest joke i have taken today...go on plz... shocking.gif
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so.. hmm we have our answer ... thank you..ignorance is bliss right..
HuiChyr
post Feb 10 2014, 01:44 PM

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QUOTE(TOMEI-R @ Feb 10 2014, 12:21 PM)
Well I think we can all take comments from here with a pinch of salt. Nobody is truly right or wrong. All up to the particular individual on what he/she may think is correct.
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Yup agreed with a pinch of salt .... and pepper for Mr.Jolokia since he like it hot ... hahaha...
Most importantly, to test the market sentiment. No need facts for this, just read their comments. Know their backgrd and vested interest. whistling.gif
bearbearwong
post Feb 10 2014, 01:46 PM

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QUOTE(HuiChyr @ Feb 10 2014, 01:44 PM)
Yup agreed with a pinch of salt .... and pepper for Mr.Jolokia since he like it hot ... hahaha...
Most importantly, to test the market sentiment. No need facts for this, just read their comments. Know their backgrd and vested interest.  whistling.gif
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Amanya sure come di..
HuiChyr
post Feb 10 2014, 01:47 PM

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QUOTE(bearbearwong @ Feb 10 2014, 12:26 PM)
Well you are right.. but there are many case of dual accounts comnenting you know right...

lets not lose focus ON THE PROPERTY MARKET SHALLwe..

Diversion .. personal attacks.. on the individual and subsequently discrediting the said individual and the comments is d last ting we need in this bubble thread..
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Bearbear .... when it comes to push and shove, ppl will attack u personally when they have no other means to "prove" their points. U can either let it slide or have fun with it.... I sure did .... laugh.gif

This post has been edited by HuiChyr: Feb 10 2014, 02:12 PM
bearbearwong
post Feb 10 2014, 01:53 PM

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QUOTE(HuiChyr @ Feb 10 2014, 01:47 PM)
Bearbear .... when it comes to push and shove, ppl will attack u personally when they have no other means to "proof" their points. U can either let it slide or have fun with it.... I sure did .... laugh.gif
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These agents are tumors must clean them completely.. flush them away.. sometimes they are the one sensationazing this threads with fun and laughter..

of course so very very fat cat and some forumers who really sucess.. in prop investment..
HuiChyr
post Feb 10 2014, 01:55 PM

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QUOTE(wbyee78 @ Feb 10 2014, 12:44 PM)
My guess is the biggest impact on the property market would happen in year 2006. Those early flippers, i.e: bought the property before middle of 2011, are still safe. The properties have since appreciated substantially. Those who bought in 2012 and 2013 to flip is at risk of losing money. And bear in mind, those projects are currently ongoing and expected to vp by 2015 and 2016. When so much supplies are ready in 2016, the market would need some time to digest them. The good news is people aren't buying since announcement of budget 2014 last year. Many developers have since delayed the new launching of their developments. This will directly decrease the number of new properties in year 2017. Property market is gonna have rough times till 2016. My 2 cents.
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Aaahhh.... finally some one with COMMON SENSE .... using 'Supply & Demand' to explain.
rclxms.gif rclxms.gif rclxms.gif

Totally agree. Ppl bought at lower price have better chance to hold. Holding power is key to survival now.
HuiChyr
post Feb 10 2014, 01:57 PM

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QUOTE(bearbearwong @ Feb 10 2014, 01:53 PM)
These agents are tumors must clean them completely.. flush them away.. sometimes they are the one sensationazing this threads with fun and laughter..

of course so very very fat cat and some forumers who really sucess.. in prop investment..
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Yup .... many did make good money from prop investment ... most importantly they know when to stop and wait. rolleyes.gif
HuiChyr
post Feb 10 2014, 01:58 PM

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QUOTE(bearbearwong @ Feb 10 2014, 01:46 PM)
Amanya sure come di..
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I welcome him with open arms .... hahaha....
Bcoz I'm a frenly fella u see ?..... biggrin.gif
KChan
post Feb 10 2014, 02:11 PM

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Phew finally finish reading 20 pages after just a few days of absent. I think most of the post is way out of topic.
ManutdGiggs
post Feb 10 2014, 02:13 PM

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QUOTE(KChan @ Feb 10 2014, 02:11 PM)
Phew finally finish reading 20 pages after just a few days of absent. I think most of the post is way out of topic.
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CNY effect + kangkung effect!!! flex.gif

Huat ar.


HuiChyr
post Feb 10 2014, 02:14 PM

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QUOTE(KChan @ Feb 10 2014, 02:11 PM)
Phew finally finish reading 20 pages after just a few days of absent. I think most of the post is way out of topic.
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Hahaha ... there r photos of leng lui too ....
Need to rest the mind and jump back to the topic ma.....
icemanfx
post Feb 10 2014, 02:35 PM

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QUOTE(Rabel @ Feb 10 2014, 12:14 PM)
Err, just now ppl post nanyang newspaper link abt property. One article show construction overall contribute 10% to GDP.

Which one is correct ??
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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.


icemanfx
post Feb 10 2014, 02:40 PM

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QUOTE(wbyee78 @ Feb 10 2014, 12:44 PM)
My guess is the biggest impact on the property market would happen in year 2006. Those early flippers, i.e: bought the property before middle of 2011, are still safe. The properties have since appreciated substantially. Those who bought in 2012 and 2013 to flip is at risk of losing money. And bear in mind, those projects are currently ongoing and expected to vp by 2015 and 2016. When so much supplies are ready in 2016, the market would need some time to digest them. The good news is people aren't buying since announcement of budget 2014 last year. Many developers have since delayed the new launching of their developments. This will directly decrease the number of new properties in year 2017. Property market is gonna have rough times till 2016. My 2 cents.
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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.

Rabel
post Feb 10 2014, 02:47 PM

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QUOTE(icemanfx @ Feb 10 2014, 02:35 PM)
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.
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maybe the 10% I mentioned just included industries indirectly involved in construction. Such as logistic, anyway not sure coz the link show overall 10% to GDP.
KChan
post Feb 10 2014, 02:50 PM

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QUOTE(icemanfx @ Feb 10 2014, 02:40 PM)
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.
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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.
Rabel
post Feb 10 2014, 02:53 PM

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QUOTE(icemanfx @ Feb 10 2014, 02:40 PM)
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.
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Hihi, my last bought in mid 2011.
Anyway, for those oredy earned money from 2009 till 2012 n continue roll bk the money to property in 2012 n 2013. I dun think got any issue to them. If they got proper planning even though perfect storm in 2016 ( I oso predict may be got in first half of 2016). Coz they oredy got lump sum of money on hand.
Rabel
post Feb 10 2014, 02:56 PM

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QUOTE(KChan @ Feb 10 2014, 02:50 PM)
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.
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Some go though 1997 crisis. I think they should know the risk in stock market. Really unbelievable.
Minolta
post Feb 10 2014, 03:07 PM

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QUOTE(jolokia @ Feb 10 2014, 09:38 AM)
Mind to share a "correct" calculation ? by bashing the fellow without showing the "right" way is pointless.  whistling.gif
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The right way is to proof that 1/3 out of all postings in an online site are flippers. How to do that? Takes lotsa time and effort to make calls and clarify. This will assertain the actual numbers of postings that are real, fishing postings (well known from that particular site), postings with overlap properties. ASSUMING that 1/3 of all postings for sell means flipping!

Or show proof from a RESPECTABLE article written by someone with inherent knowledge and qualification in similar statistics that one can just ASSUME 1/3 of all for sale postings in ONE online site to represent the numbers of FLIPPERS.
KChan
post Feb 10 2014, 03:10 PM

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QUOTE(Rabel @ Feb 10 2014, 02:56 PM)
Some go though 1997 crisis. I think they should know the risk in stock market. Really unbelievable.
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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.

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