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 Is the bubble finally bursting? 2014, V2

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SUSAmayaBumibuyer
post Jan 21 2014, 09:10 PM

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QUOTE(bearbearwong @ Jan 21 2014, 08:48 PM)
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
*
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.
SUSAmayaBumibuyer
post Jan 21 2014, 09:13 PM

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QUOTE(kevyeoh @ Jan 21 2014, 09:09 PM)
i have been asking this same question for a long time...salary increase not keeping up with inflation rate or the property price...so eventually how people can still afford and buy?  hmm.gif  hmm.gif  hmm.gif
*
That is why the rich and well off are buying. That is what i see. But dont fret there are good price in kajang 400k good landed house..but people here still complain and wait for price to crash.
lilzany
post Jan 21 2014, 09:18 PM

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QUOTE(bearbearwong @ Jan 21 2014, 08:48 PM)
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
*
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
CK15
post Jan 21 2014, 09:31 PM

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QUOTE(kevyeoh @ Jan 21 2014, 09:09 PM)
i have been asking this same question for a long time...salary increase not keeping up with inflation rate or the property price...so eventually how people can still afford and buy?  hmm.gif  hmm.gif  hmm.gif
*
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

cheahcw2003
post Jan 21 2014, 09:38 PM

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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...
*
Those who
1) vested in the wrong place, like those who vested in Bkt Beruntung many years ago,
2) Some property got value no market demand, just paper gain and siok sendiri. Can't rent out, negative cash flow, get stucked.
3) buy commercial retail lots, mall dead no crowds, buy office can't rent out, no office tenants.

and the lists go on....
kevyeoh
post Jan 21 2014, 10:08 PM

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alright...probably the ones i know...never have the issues listed below... smile.gif


QUOTE(cheahcw2003 @ Jan 21 2014, 09:38 PM)
Those who
1) vested in the wrong place, like those who vested in Bkt Beruntung many years ago,
2) Some property got value no market demand, just paper gain and siok sendiri. Can't rent out, negative cash flow, get stucked.
3) buy commercial retail lots, mall dead no crowds, buy office can't rent out, no office tenants. 

and the lists go on....
*
restful increase
post Jan 21 2014, 11:21 PM

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QUOTE(bearbearwong @ Jan 21 2014, 08:48 PM)
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
*
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.

HELLO HELLO
post Jan 21 2014, 11:37 PM

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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.

This post has been edited by HELLO HELLO: Jan 21 2014, 11:51 PM
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.
*
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
*
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
*
If based on your arguements... setia echo hill and southville.. kota warisan... kip sepang how.. mrt extension?
SUStikaram
post Jan 22 2014, 12:14 AM

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My observation.

My generation ppl like to drive.

but more n more young generation prefer using lrt n ktm.


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.
*
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.
*

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.
*
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...
*
I have a few .. bancrupt... and disbarred .. like bukit beruntung & kota warisan.. and some going to bancrupt.. like iskandar project.. semenyih
HELLO HELLO
post Jan 22 2014, 12:30 AM

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QUOTE(bearbearwong @ Jan 22 2014, 12:19 AM)
The growing anf bursting buble depended solely on you guys.. especially how high it is inflated.. vacant units many to come.. bo takers..
*
Don't let the bubble exhausted. Need to keep the heat on.
Stay calm and keep blowing.
brother love
post Jan 22 2014, 01:17 AM

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BearbeaRwong has a very good and valid point...developers do overhyped their pojeks eg near MRT...butif u bought 600sf studio for Rm600-700k or even more, do u tink easy to find buyers willing to buy at Rm800k++ for such a small unit wit no rooms?? The rental not even enough to cover the loan....young people cant afford, thosewit big family who can too small space, and finalyy i would rather stay further from office and buy cheaper house than buying such an expensive studio,all in tne name of convenience...andmost people r in sales, so theyneed to drive, near Mrt not such a big atttactio
Rabel
post Jan 22 2014, 02:10 AM

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QUOTE(brother love @ Jan 22 2014, 01:17 AM)
BearbeaRwong has a very good and valid point...developers do overhyped their pojeks eg near MRT...butif u bought 600sf studio for Rm600-700k or even more, do u tink easy to find buyers willing to buy at Rm800k++ for such a small unit wit no rooms?? The rental not even enough to cover the loan....young people cant afford, thosewit big family who can too small space, and finalyy i would rather stay further from office and buy cheaper house than buying such an expensive studio,all in tne name of convenience...andmost people r in sales, so theyneed to drive, near Mrt not such a big atttactio
*
U rather stay further from office n buy cheaper house. rclxms.gif rclxms.gif
U better read carefully bear bear Wong statements from day one before agree his good n valid point.
icemanfx
post Jan 22 2014, 02:24 AM

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QUOTE(AmayaBumibuyer @ Jan 21 2014, 09:10 PM)
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.
*
Some developers or syndicates engaged re agents to call up owners offer to buy at high price, while they are unloading their unsold units at lower price.

Asking price without transaction is syok sendiri, believe demand is better judged by how fast unit is sold.




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