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 Is the bubble finally bursting? 2014, V2

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bearbearwong
post Jan 20 2014, 01:03 AM

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QUOTE(cybermaster98 @ Jan 20 2014, 12:59 AM)
What sense of market sentiment are u getting from the poll? Who are those voting as Option 3 and 4 in your poll? U think those are all actual property investors? Do u know how many of those commenting here are agents? U diverted the whole discussion into a poll which means nothing because this poll (just like all previous ones) are NEVER reflective of actual market conditions. Ask any seasoned contributer in the property section of LYN and they will tell you.

This thread was a mistake not because of the type of discussions but because we have lost a good reference point because of your haste to start a topic and get your name on the board. I had no issue with your thread until my Version 2 was closed cuz that meant a loss of reference. U think this thread is gonna be alive in months to come? You obviously have not had much experience in LYN Property section for sure if ure thinking along these lines. There was no reason for you to start this thread so soon after V1 was closed. Now this will become another one of those 'also rans' type threads about the future of the property market.
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no wonder lahh many agents ahh... no wonder the result tilted in such a way signifies a BBB wave still on the move.. cehhh... but in actual fact sudah DDD... why lehh.. got invisible hands in LYN ?? hmm
bearbearwong
post Jan 20 2014, 01:57 AM

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QUOTE(cranx @ Jan 20 2014, 01:43 AM)
Ok, I sense a lot of frustration and anger in you. Suggest taking a chill pill and relax a little.
This thread will run its course and you can start another critical thread in no time.
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still got 120 pages to go.. sure tired hands typing...
bearbearwong
post Jan 20 2014, 09:00 AM

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QUOTE(Wiredx @ Jan 20 2014, 08:35 AM)
They are just jealous cos they missed the boat [/tongue-in-cheek]
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After a long way back we are still on jealous mode coz we miss d boat... how come... there still plenty of boats wat floating around in developers hand... and coming too..

BBB mode still on loose... must ask government pass more draconian measures.. such as restriction of interest .. I.e cannot sell from 5 years from S&P.. the RPGT calculation start upon expiry of the 5 years resstriction of interest..


bearbearwong
post Jan 20 2014, 11:04 AM

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QUOTE(HELLO HELLO @ Jan 20 2014, 10:18 AM)
HK property tycoon with 50 years property experience said kl property price tooo low untill no logic.... he said invest KL only... and don't invest johor iskandar...
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har.. still damm cheap for foreign investors izzit? for Malaysian too expensive di? even foreign investors still cheap.. they are still ' investors'.. they will target back Malaysian to buy their invested properties am i right... Malaysian cant absorb the original price from developers how they can absorb the market from the foreign investors?

this is just out of logic.. dat means klang valley prop like the 2 megatownship project sure gone lor.. since the 50 years old expert say kl areas only..
bearbearwong
post Jan 20 2014, 11:41 PM

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QUOTE(sampool @ Jan 20 2014, 11:31 PM)
i think because he forget our salary n standard living are few times below hk
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Just to make u believe BBB still on rampage mode.. everyting under the sky can be talk out..

bubble bubble bubble.. in fact. Even bubble come also not going to cost them much.. just dropping few hundred bucks in which they dun bother look back and stop to pick it up.. coz new phase is coming oh

This post has been edited by bearbearwong: Jan 20 2014, 11:57 PM
bearbearwong
post Jan 20 2014, 11:51 PM

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QUOTE(restful increase @ Jan 20 2014, 10:29 PM)
Properties located within 5 min walk to lrt/mrt and/or big & well run shopping mall will continue to attract tenants & alsi ease of sale...especially if the property is also linked to lrt/mrt with a covered walkway. Despite a perceived bubble, these properties will b able to stand the test of time. By 2017, thr will b a drastic change in the mode of transportation when the LRT extension & mrt line 1 is completed. With the  mrt line 1 is up, it will link sg buloh & kajang to KL CBD. Star reported on 8 jan 2014 that ktm n lrt recorded 40% increase in passengers fr 2012 to 2013 & this trend will continue with the reduction of petrol subsidy. If we think petrol price is expensive now, what do u think d petrol price will be in 2020?  So while some forecast oversupply in highrise service apts, this is a generalisation. Those apartments nearby transportation & malls will continue to have strong demand.
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You are right.. but when the price & rental attain the unaffordable level.. no one rents.. stagnant and crash..
well .. even p3trol us expensive ahead.. electronic cars like partial hybrid and full hybrid will surely produced massly ( coz high rise can be built that fast)..

Maybe u can tell us whether salary in 2020 will be hiw much increase.. and whether can counter inflation..

lastly if the trend u hoping really suffice.. will you buy a studio (which now cost rm450k minimum such like EKOvest cheras.. amanya.... lido residency... oertama residency) in which these studios will climb to 600k by 2015.. for developer sales... u tink you will buy?
bearbearwong
post Jan 21 2014, 07:09 PM

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QUOTE(restful increase @ Jan 21 2014, 06:58 PM)
Yes..by 2020 when mrt lines 1 & 2 & lrt extention all up and running ekoheras, alila@bangsar & kl gateway studio which r now priced rm500k n below will b considered cheap by 2020 standard. Our salary increase may not keep up with inflation rate but our investments in properties strategically located near to lrt & mrt will keep up with d inflation rate or even outstrip it.
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oh investment... means hold in eternity? at some point of time u tend to sell it off right even it a good investment..
actually.. we have yet to see how effective the mrt is.. and because it connect so far apart like KTM will it result in like KTM?
bearbearwong
post Jan 21 2014, 08:48 PM

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QUOTE(restful increase @ Jan 21 2014, 07:59 PM)
Its a safer bet than the other highrise that are located further away fr the transportation rail. Star 8 jan 14 reported 40% increase in passengers for ktm, lrt and monorail users in 2013 in comparison to 2012. This trend will continue.
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when population earn more and accidently bought your MRT high rise say u bought for 575k (like Ucity & vista).. u plan then to sell it off at RM750K lets say... once Vp (and by 2020 according to your calculation taking into account building don't grow old and as new as usual and you wont mind parking RM1.5 MILLIOn by 2020)

means u are paying 6.5 k installment per month for 35 years... u say ok bo.. normally.. for me if i can afford 1.5 million prop would i even bother to take MRT.. High speed train.. KTM... WILL U? come on the public facilities are here to fool and draw ppl to buy when in actual fact even the seller himself wont Utilise the so called public transport.. u are one of the example lor... cant even persuade yourself to buy 1.5 m prop by 2020 how to expect others to buy...

but for rental purposes good.. high rise even in prime area generall have very low appreciation in price coz normally and certainly the price quoted by developers themselves is very high.. but rental purposes ok... but u will have to lock your 600k credit under loan for at least 10 years for long term.. for flipping like seeling upon Vp.. remain vacant for a while
bearbearwong
post Jan 22 2014, 12:00 AM

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QUOTE(restful increase @ Jan 21 2014, 11:21 PM)
I got 2 cars at home but i still use the LRT to go to work & rtn fr work everyday. I consider the LRT such a blessing. Dunno abt u, but the Star paper dated 8 jan 14 has reported 40% increase in ktm, lrt & monorail passengers between 2012 & 2013. The data speaks for itself. In fact by 2017 thr will b a drastic change in the way people travel n commute due to the mrt & lrt extensions..the change is already happening.
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So after u buy a three quater of a million prop u still take train ya... coz the KTM is around.. there is anothet reason for the surge in public transport.. maybe u wanna check their citizenship.. and of course price hike.. ppl already trying to avoid the price hike dat y taking public transport.. u on the other hand banking hard on projects nearby MRT and flipp and factor another 200k.. it defeats their original purpose right...

takinh KTM from kajamg to kl srntral is 2.80.. then putra lrt to masjid jamek.. klcc.. anf other prime area.. or take ktm to bandar tasik selatan.. 1.80.. plus star to masjid jamek.. or monorail.. another 1.80?.. so per trip around 4.60.. 2 trips.. 9.20 per day.. per month 22 working day.. roughly rm220 per month.. per year 2600 plus..

u inflated the prop from 575k to 750k.. around 200 k lowest (after deduct RPGT.. legal fees.. stamp duites) rm 100k.. but after factoring around 200k.. relating bekto the issue.. rm2600k per month.. for 30 yearrs 80k public transport fres.. worth it or not? Remember by 30 years servicing loan.. the same 750k studio already cost 1.5 million.. after 30 years.. most forumers here di 50? At least..you sure taking LRT till 30? Youngster and invesyors owayls count ngamngam for everyting. In fact in any event everyone tend to use more than expected..

mrt is a link from KV kajang to sg buloh initially.. whether it hit the target ? Still a question... comparing to singapore is like comparing is like to ask Indonesia to go war with america.. singapore in terms of size is smaller than kv.. effectiveness wise.. mslaysia.. u evaluate yourself...

in a nutshell.. despite the heat.. the advantages and etc.. prop price especially near faclities are targeting the working vlass .. rich dudes wont stay in these area.. even when u rich u move to quiet place.. the issue of affordability still preety much the moving force here.. though some reservation to really mature areas..
bearbearwong
post Jan 22 2014, 12:06 AM

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QUOTE(CK15 @ Jan 21 2014, 09:31 PM)
If my salary is not afford to buy target property now. I won't ask such Q or sit down do nothing. I'll DO this instead:
find one cheap price property with high GROWTH potential (best still with rental income).... keep for few years and sell it with profit to swap my target property.... I never allow IMPOSSIBLE to stop me... find ways to make it happen..  it is PROVEN work so far biggrin.gif
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I understand the logic u painting here.. but the prop price were inflated rates are too fast to catch ... we are not doing nothing.. we also waiting prop to snap for own stay..

I tink prop has it own price.. inflating artifically.. will sure at the end cause havoc.. everyting had it own price the price will increase or stagnant according to time which it is meant to.. and not inflated.. upon VP
bearbearwong
post Jan 22 2014, 12:08 AM

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QUOTE(lilzany @ Jan 21 2014, 09:18 PM)
it is convenience vs jam. mrt is still awesome unless you are rich enough to have a driver which would means having a bungalow in the 5 millions
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If based on your arguements... setia echo hill and southville.. kota warisan... kip sepang how.. mrt extension?
bearbearwong
post Jan 22 2014, 12:15 AM

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QUOTE(AmayaBumibuyer @ Jan 21 2014, 09:10 PM)
So most sgporeans who are well of dont use mrt to work but use cars is it? I dont think so. Didnt i gave example of my family house 3 cars but two of my siblings go to work using lrt? What? U think we are all too poor that was why want to use the lrt?

Dont pick on amaya so much lee. I just got a call from somebody offering 660k for my unit. I just dont want to sell. And somebody bought a unit already if u refer in the other forum. I know everyone wants to buy Amaya but it just that nobody wants to sell. And empty units? Of course we only got keys a few months ago. Some just got 3 months ago. Some still wait for defect to rectify..that is why it is still empty but not for long.
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Oh... 660k dat means good investment for a 2 roomer.. just day no body want to sell.. those agent loiteting around is who... have u describe how amanya surroundings? The old shops? Near forever living HQ..

just wondering.. how much u can rent out wen you sell to potential buyet at 750k ( this price I believe u sure let go) 3.5k loan.. 2 room..
bearbearwong
post Jan 22 2014, 12:16 AM

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QUOTE(tikaram @ Jan 22 2014, 12:14 AM)
My observation.

My generation ppl like to drive.

but more n more young generation prefer using lrt n ktm.
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If wat you are saying is correct.. automative can lingkup liao wen mrt open..
bearbearwong
post Jan 22 2014, 12:19 AM

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QUOTE(HELLO HELLO @ Jan 21 2014, 11:37 PM)
Bubble still too small to burst... If burst now banyak pipu no feel... If bubble never grow big for so long... Later slowly adapt n become no bubble Liao.... Then Need to start all over again to blow it up.

This year 2014 maybe macam jamesbond movie title:
Tomorrow bubble never burst.
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The growing anf bursting buble depended solely on you guys.. especially how high it is inflated.. vacant units many to come.. bo takers..
bearbearwong
post Jan 22 2014, 12:22 AM

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QUOTE(kevyeoh @ Jan 21 2014, 09:07 PM)
can you give a real example how can someone make a loss in good time?

past few years property boom, i think you can close eye and basically buy any property without doing any analysis or consideration and you are guaranteed to earn, at least 1% also. there is not a single person i know who lose money in property investment for the past 3-4 years or maybe 5 years...
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I have a few .. bancrupt... and disbarred .. like bukit beruntung & kota warisan.. and some going to bancrupt.. like iskandar project.. semenyih
bearbearwong
post Jan 22 2014, 03:47 PM

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QUOTE(gspirit01 @ Jan 22 2014, 01:46 PM)
R u insane ? No car in kv ? i think u r not married with kids. U can do this in sg or hk or jp, not in my.  If u r a girl, pls tell me whether u will go out with a man without a car in kv?
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Hsizz.. after buying 750k prop all take train.. I tink taxi is a vommercial vehicle.. dat y it is expensive.. dat ppl take own car..

just because wanna sell ur prop say until like dis.. I believe to take train is because no choice.. if onr can afford why he choose take train..
bearbearwong
post Jan 22 2014, 03:48 PM

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QUOTE(robert82 @ Jan 22 2014, 03:02 PM)
for singles yes no problem.
for married ppl, i think that's hard, but doable... but suffering lah
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If 750k. Still doable and sellable
bearbearwong
post Jan 22 2014, 03:57 PM

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QUOTE(MishimaZ @ Jan 22 2014, 09:42 AM)
He bought it earlier at RM400k+, loan should be around RM2k above la (can be below). About renting that is another question la. Since I don't think there is good market for renting because of the exorbitant prices and surrounding environment, though the access to KLCC is okay.
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Oh.. these g r oup of ppl are call investors.. some call them flippers... u know mou...
bearbearwong
post Jan 22 2014, 09:57 PM

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QUOTE(mewhoyou @ Jan 22 2014, 08:22 PM)
Saw Monte Bayu drop 5% in transaction price.... wonder more to come?? biggrin.gif
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aiya 5 % sap sap sui lahh.. add another 0 then maybe they feel something 50%..

3.5 k 2 rooms dude.. possible in 5 years but the said location confirm not amanya residence lor.. dai lou.. u got sick mou 1.7 k per room rental... ask forumer here got takers bo..

1.7 k room per month more expensive than honda city new version leh and only 9 years max.. ur amanya 35 years oh..
bearbearwong
post Jan 22 2014, 10:00 PM

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QUOTE(zephyrus9999 @ Jan 22 2014, 04:26 PM)
I can think of commercial shoplots in 1Shamelin. When it was under construction i knew its a phail project. Bad location to build. Not visible for main busy roads. Most shoppers are also locals who stays nearby. If you visit it, the shoplots are so cramped (more units) due to developer wanna make more profit. Layout also look so cinaman and awkward. Now its like a ghost town inside, only except for the fnb outlets facing the road maybe. Previously Safari lagoon & Warta shopping mall were here, both also failed.
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viva mall leh... one shamelinzz... southgatezzz.. ss2 malzzz.. times square even lowyat many close open.. now newly cheras centralzz... i forsee that giant before RM1.00 toll sure suffering big time... AEON mahkota as well when mahkota mall opens..

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