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 Is the bubble finally bursting? 2014, V2

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bearbearwong
post Jan 25 2014, 01:25 PM

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QUOTE(cranx @ Jan 25 2014, 12:15 PM)
That is too much of a generalisation haha, pity utar grads. From what i see flippers come from all walks of life, and yes rich flippers aplenty, they are opportunistic and the intention is never to hold for extended periods of time. Holding vacant properties for many years is a losing proposition. Best approach is to ride on an early wave of bull run, not at the tail end buying over inflated properties then preach holding power for 10, 15 years just to break even. Yes, break even. Many failed to factor interest into the equation.
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I withdraw.. my statement UTARians... really dun want you chinese to self destruct.. over inflated prop.. once bancrupt at gen y and current prop price.. it like never going to make any come back after that.. all is burn..
bearbearwong
post Jan 25 2014, 01:42 PM

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QUOTE(twincharger07 @ Jan 25 2014, 12:45 PM)
Yea.. by limiting it, let the supply suck in by the demand before bull running again.. Anyway the amount of subsale still domanate than primary market.. As there are still ppl hunting for houses every year, and with limited new launches, not bad news for current subsale sellers... ratio of transaction will be more on 2ndary market this year I guess..
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Subdales better than developer sell meh.. I recall all developers project vonfirm sapu bersih.. subsales in older prop maybe.. those upon VP I doubt.. want me to quoto example..


Showtime747
post Jan 25 2014, 01:43 PM

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QUOTE(gspirit01 @ Jan 25 2014, 11:36 AM)
Bro, your link is priced at RM729k end lot 2.5 storey. After bidding, don't know how much leh

The house you mentioned price came down to RM653k is another auction which is 2 storey corner. Different house leh

http://www.iproperty.com.my/propertylistin...k-house-forsale
BTimes
post Jan 25 2014, 01:43 PM

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QUOTE(gspirit01 @ Jan 25 2014, 12:47 PM)
Media, including this one, is such a powerful tool to skew people's thinking. They put in the mental multiple choices for u to choose. If enough people chose an option, it became reality.  What made u blieve that market will stabilise after one to two quaters ?

Who, investors or houseowner or agent or developer, control the market ?
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The cooling measures in Budget 2014 were not overly punishing. My gut feel after looking at similar cooling measures of several countries, and the sentiment across several forums. Many people are still looking for properties to buy for own use or long term investment, not flip.
bearbearwong
post Jan 25 2014, 01:46 PM

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[quote=BTimes,Jan 25 2014, 12:36 PM]DIBS simply skews the demand of the market and creates some froth.  Its removal around Q4 2013 by banks coincided with the Budget 2014 announcement, hence it is reasonable for the market to stabilise for one to two quarters.  It is a good thing that it is removed.

Q1 2014 is a good time to get a property if you are buying for own stay.  After Chinese New Year is usually when buyers return to the market.  If the market is not doing well, most developers will simply delay launches to reduce supply.  The reduction in supply has been the case since Q4 2013 to-date.

Malaysia's working population is quite young and increasing, and projected 2014 GDP will be better than 2013, so it is a matter of time (I think around Q2 2014) when demand catches up again.
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Q3.. LAHH.. the demand.. if no demand.. u know what happen liao.. working population has always been your target.. affordability will be still intact..this arguement has greatly addressed..

if dun catch up means ... market will plunge just like genting incident.. ppl who can hold survive.. those cant die.. and many die just like dat in our case default and bancrupt


This post has been edited by bearbearwong: Jan 25 2014, 01:46 PM
boyslikeboys
post Jan 25 2014, 01:51 PM

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QUOTE(BTimes @ Jan 25 2014, 01:43 PM)
The cooling measures in Budget 2014 were not overly punishing.  My gut feel after looking at similar cooling measures of several countries, and the sentiment across several forums.  Many people are still looking for properties to buy for own use or long term investment, not flip.
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I agree with you. Being a young gen y myself it never come across my mind to flip. Also considering the prime location of my current prop. Why should I flip for short term gain? Not everyone here is to flip...
BTimes
post Jan 25 2014, 01:53 PM

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QUOTE(bearbearwong @ Jan 25 2014, 01:46 PM)

Q3.. LAHH.. the demand.. if no demand.. u know what happen liao.. working population has always been your target.. affordability will be still intact..this arguement has greatly addressed..

if dun catch up means ... market will plunge just like genting incident.. ppl who can hold survive.. those cant die.. and many die just like dat in our case default and bancrupt
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Strange that you like to look for me shakehead.gif
twincharger07
post Jan 25 2014, 01:56 PM

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QUOTE(bearbearwong @ Jan 25 2014, 01:42 PM)
Subdales better than developer sell meh.. I recall all developers project vonfirm sapu bersih.. subsales in older prop maybe.. those upon VP I doubt.. want me to quoto example..
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I SAY.. IN PROPERTY TRANSACTION RATIO, SUBSALE TRANSACTION ALWAYS HIGHER THAN PRIMARY.. THIS YEAE WE MIGHT SEE THE RATIO ON SUBSALE TRANSACTION COULD FURTHER INCREASE.. DONT SKEW MY WORDS .. READ MORE NEWS PAPER, STATISTICS AND UPDATE URSELF.
SUSUFO-ET
post Jan 25 2014, 02:29 PM

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QUOTE(twincharger07 @ Jan 25 2014, 01:56 PM)
I SAY.. IN PROPERTY TRANSACTION RATIO, SUBSALE TRANSACTION ALWAYS HIGHER THAN PRIMARY.. THIS YEAE WE MIGHT SEE THE RATIO ON SUBSALE TRANSACTION COULD FURTHER INCREASE.. DONT SKEW MY WORDS ..  READ MORE NEWS PAPER, STATISTICS AND UPDATE URSELF.
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He..he..
bearbearwong
post Jan 25 2014, 02:42 PM

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QUOTE(boyslikeboys @ Jan 25 2014, 01:51 PM)
I agree with you. Being a young gen y myself it never come across my mind to flip. Also considering the prime location of my current prop. Why should I flip for short term gain? Not everyone here is to flip...
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Dat y this is not owalys directed to ppl who intend own property.. if the market is not fueled with market speculators.. how can u explain most high rise in kl and kv 2 megayownships are sold and vacant? Or maybe u drive around to kv area and see thise vacant units like kajang.. palm walk3.. kajang 2.. jade hills... taman tasik semenyih.. bangi... 2 megatiwnships.. twin palms.. also notice why are there so many yellow tag asking for sale then it would give u a vleater picture.. even you intend to stay prices like 750k outskirt DSL is still very burdenand unreasonable.. this year they want to climb to 800k or more.. this price is inflated.. they reap 200k from this amount .. this a price 10 uears down the road.. if really long term maybe it is a gud deal.. then agai by then your prop 750k.. servicing loan of 3.5 k for 35 years.. lands your prop at 1.5 million.. outskirt OLD DSL... worth it or not..
bearbearwong
post Jan 25 2014, 02:47 PM

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QUOTE(twincharger07 @ Jan 25 2014, 01:56 PM)
I SAY.. IN PROPERTY TRANSACTION RATIO, SUBSALE TRANSACTION ALWAYS HIGHER THAN PRIMARY.. THIS YEAE WE MIGHT SEE THE RATIO ON SUBSALE TRANSACTION COULD FURTHER INCREASE.. DONT SKEW MY WORDS ..  READ MORE NEWS PAPER, STATISTICS AND UPDATE URSELF.
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This can only happen if the subdale price are affordable mr agent... subsales in general are targeted at those new prop... those old prop price also not cheap right.. uwill not buy..

On reading no need you worry.. I can safely assume I read more and highly educated.. the last I check u say singaporean buyers are rich buying prop no problem.. dun fool ppl here agent... u just cant.. rich ppl dun bothet replying here ciz they busy counting cash..
Rabel
post Jan 25 2014, 02:47 PM

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QUOTE(bearbearwong @ Jan 25 2014, 02:42 PM)
Dat y this is not owalys directed to ppl who intend own property.. if the market is not fueled with market speculators.. how can u explain most high rise in kl and kv 2 megayownships are sold and vacant? Or maybe u drive around to kv area and see thise vacant units like kajang.. palm walk3.. kajang 2.. jade hills... taman tasik semenyih.. bangi... 2 megatiwnships.. twin palms.. also notice why are there so many yellow tag asking for sale then it would give u a vleater picture.. even you intend to stay prices like 750k outskirt DSL is still very burdenand unreasonable.. this year they want to climb to 800k or more.. this price is inflated.. they reap 200k from this amount .. this a price 10 uears down the road.. if really long term maybe it is a gud deal.. then agai  by then your prop 750k.. servicing loan of 3.5 k for 35 years.. lands your prop at 1.5 million.. outskirt OLD DSL... worth it or not..
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Hihi wat is reasonable price in ur mind??

bearbearwong
post Jan 25 2014, 02:50 PM

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QUOTE(twincharger07 @ Jan 25 2014, 01:56 PM)
I SAY.. IN PROPERTY TRANSACTION RATIO, SUBSALE TRANSACTION ALWAYS HIGHER THAN PRIMARY.. THIS YEAE WE MIGHT SEE THE RATIO ON SUBSALE TRANSACTION COULD FURTHER INCREASE.. DONT SKEW MY WORDS ..  READ MORE NEWS PAPER, STATISTICS AND UPDATE URSELF.
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At the end u still on BBB mode right... trying to tell if you cant afford new prop go on for subsales.. come on lahh those subsales price are inflatef badly mr agent...
Showtime747
post Jan 25 2014, 02:51 PM

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QUOTE(bearbearwong @ Jan 25 2014, 02:42 PM)
.. how can u explain most high rise in kl and kv 2 megayownships are sold and vacant?

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Because of DIBS + zero entry mah. Many of them are Gen Y in the 20s who, if without DIBS+zero entry, can never afford to buy.

These Gen Y with double household income can genuinely afford the monthly installment one. Some can even afford 2 properties. If without DIBS + zero entry, they can't even afford a single property. 15% deposit just killed the demand from these category of investor

So the demand in the previous 2-3 years are supported by these people. In 2014. the demand from these people are all wiped out
bearbearwong
post Jan 25 2014, 02:55 PM

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QUOTE(Rabel @ Jan 25 2014, 02:47 PM)
Hihi wat is reasonable price in ur mind??
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This is a catchy question... if I say 750 or any other price rather than the developer s price u say I m plucking from the skies.. no justification... you will prove me wrong as u are sellig cheaper..

if I say developer price you say I am sour grape coz I dun get to buy 1 units of that project..

Crystal ball or no ball tell us phase 2 selling price.. my go for echo hill phase 1 subsales us minimum 650k.. those desoerate those not 750k..
Rabel
post Jan 25 2014, 03:03 PM

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QUOTE(bearbearwong @ Jan 25 2014, 02:55 PM)
This is a catchy question... if I say 750 or any other price rather than the developer s price u say I m plucking from the skies.. no justification... you will prove me wrong as u are sellig cheaper..

if I say developer price you say I am sour grape coz I dun get to buy 1 units of that project..

Crystal ball or no ball tell us phase 2 selling price.. my go for echo hill phase 1 subsales us minimum 650k.. those desoerate those not 750k..
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650k sub sale for eco hill phase 1 link house drool.gif drool.gif
Good ROI.
cooleq
post Jan 25 2014, 03:14 PM

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QUOTE(bearbearwong @ Jan 25 2014, 09:13 AM)
U see I know where you coming from... the high end flippers right.. yes can sustain and have cash.. but then again rich flippers has multiple units..their intention is to flip also ( just dat appetite is bigger) ..even they can hold.. it will defeat their original intention of investment ... unless a long term investment.. the longer you hold the more you bleed in intetest.. is a losing game to hold long... and the rich dudes dont have so many ass to stay in all these house..

I would dare to say the source of strong income is ether high salary worker like O& G or even top management.. and these pppl are ageing and long term investment.. reali a risk as u dun enjoy the fruits before dying.. those group 25 to 40 these are the main category flippers thesr group heavily depend on flipping upon Vp and their foindation I.e savings are normally very disturbing level.. even they can secure the loan.. they will remain poor..

for businesses of high end flipping.. business dun last forever.. I just house cleaned and sell off a datuks paparich in brickfields.. so though is not vonclusive.. even rich ppl are not fool to dip their fingers in trouble water so long ( I.e holding it) as even business are not stable.. anf cant last long..

humans rich poor still want the money in physical form.. flipping can secure them these before.. now this climate..I think no
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C'mon BBW. Wake up from your illusion about property. Same like what you assuming me as a flipper.Until now if I sell one of my properties I still entitled one time of no RPGT in a life time. For me nothing wrong about flipper either because they buy using their hard earn money and still within the law. I have my friend work in Multinational Company,Oil and Gas a flipper and other also want to be a flipper because they have money and work oversea. They don't have much time to be a land lord because the nature of their work which always busy and work in middle east. For me what's wrong to be a flipper even if property bubble they can still survive because they have a lot of cash..
twincharger07
post Jan 25 2014, 03:17 PM

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QUOTE(bearbearwong @ Jan 25 2014, 02:47 PM)
This can only happen if the subdale price are affordable mr agent... subsales in general are  targeted at those new prop... those old prop price also not cheap right.. uwill not buy..

On reading no need you worry.. I can safely assume I read more and highly educated.. the last I check u say singaporean buyers are rich buying prop no problem.. dun fool ppl here agent... u just cant.. rich ppl dun bothet replying here ciz they busy counting cash..
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its always pointless to discuss with you as you always get very personal by giving ppl names, depicting education level, and skewing ppl's words making up assumptions and launch personal attack.. if you want honest discussion, better start to learn respecting others..

on your second post.. i have enough of getting profit since i started venture in prop investment even before subprime started and last purchase was few years ago and already harvested now after the bull run last few yrs.. resting this yr, mayb start enjoying life..

happy property hunting for you..

This post has been edited by twincharger07: Jan 25 2014, 03:19 PM
icemanfx
post Jan 25 2014, 03:20 PM

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QUOTE(twincharger07 @ Jan 25 2014, 01:56 PM)
I SAY.. IN PROPERTY TRANSACTION RATIO, SUBSALE TRANSACTION ALWAYS HIGHER THAN PRIMARY.. THIS YEAE WE MIGHT SEE THE RATIO ON SUBSALE TRANSACTION COULD FURTHER INCREASE.. DONT SKEW MY WORDS ..  READ MORE NEWS PAPER, STATISTICS AND UPDATE URSELF.
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In kv, number of subsale transaction should be higher than new launch as there are more numbers in stock than new supply. Opposite is true for JB.

Believe more accurate way to reflect market sentiment is the average period of time property on market before is sold, and % of transaction against number in stock in respective sector.

bearbearwong
post Jan 25 2014, 03:23 PM

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QUOTE(Showtime747 @ Jan 25 2014, 02:51 PM)
Because of DIBS + zero entry mah. Many of them are Gen Y in the 20s who, if without DIBS+zero entry, can never afford to buy.

These Gen Y with double household income can genuinely afford the monthly installment one. Some can even afford 2 properties. If without DIBS + zero entry, they can't even afford a single property. 15% deposit just killed the demand from these category of investor

So the demand in the previous 2-3 years are supported by these people. In 2014. the demand from these people are all wiped out
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Can afford provided zero credit card.. viva car loan.. of course can moderate life.. and see these ppl who enter the market with DIBs foundatiion created an artificial demand.. fake demand .. as many does not possess enough ability to buy..

worse is with these foundation they only plan to flip upon VP.. and never had a back up plan.. you agents money depended on sales commision..

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