Yup those cap malaysia larr.. u see they all roting.. those overseas are preffered -.-

if you are really lim kit siang in person.. there goes my vote srlangor 6 votes down..

This post has been edited by bearbearwong: Jan 26 2014, 05:14 PM

Ya hor high rise in kl.. but like you city 575k.. 3 rooms loan.. 2.4k.. reduce sum will be ok.. get 1.5k oso reduce.. u notice flats and low vost are highly occupied..

Wahh.. outskirt prop habis lu ..

Unlike stock and commodities, property is illiquid and foreclosures take time, price won't crash but take years to bottom.

It take a number of events leading to any crisis, seeds are planted and waiting for the perfect storm. Unless the property market defy conventional economic theory, property crisis is inevitable.

Let's cut the rhetoric. What are the events specifically that will cause "property crisis is inevitable" ?

actually property crisis happen before la.. it is not new to us... between 1997 to 2003 is the crisis what ever new launch price will down 10-15% after completed and hand over the key to owner, 2004 start to pick up only... but that time increase 2-3% per annum.

so, if u think prop to down 10-15% is normal... but bankrupt is minority for the NEW flipper or owner.

This post has been edited by sampool: Jan 26 2014, 05:53 PM

10-15% is not a "crisis". I want 30-50%

haha.. u better monitor ioi property share (it is my bench mark)... if it down 50% from now.. then there is hope... if not dun think about it.... 15% is max already in history in general.

Wow really? Can you PM me which company you are working? I know a lot of people in the mid twenties and a degree holder looking for jobs paying atleast above 5k. I shall refer them to your company.

What's the definition of middle class? And what is the income level? Assuming middle class is define from 5000-7000/month, would they rent a 750,000 property at RM 3500? The 3500 is the mortgage repayment just for the 90% loan + maintenance. And that price is probably bare unfurnished unit. If furnish then shall be slightly higher at RM 4000? That's more than half of the gross salary goes toward rental?

Yes a lot of things in BAFIA is illegal. For example it's illegal to for bankers to take our details and sell to property agent, but this goes on so rampantly. The chances for them to be caught is very slim, as there is no mechanism to check and penalise. How many person ever being charge in Court for BAFIA anyway?

All sales person just want to close sales as in Malaysian style. Apa pun boleh. Asalkan got big big commission. And for the bank, they know this is happening and just closing one eye for the sake of profit. I even heard of an insider story that certain banks personnel cheat customer money. But in the end there is no case. As the bank resolve it internally and just ask that particular staff to leave. You think any bank will admit they are part of the fraud and tarnished their own reputation unless of course its a very very large figure transaction?

P/S. I knew a few bankers around.

mid class mean ppl no $$ for down payment (like u said it could be $100k)... but they got $$ for monthly instalment/rental

How could that be ? Isn't property is guaranteed crisis resistant investment ? ..lol

Just those who earlier said oil price would only go up as oil is depleting resources & all the oil production country cannot produce enough oil to meet the demand & expect oil price to exceed USD 200 by 2009 ? What happened in 2008 ? oil price tumbled till today oil price had never regained peak of USD 148 in 2008, so what the explanation ??

Just a few years back everyone is talking how safe is Gold investment, Gold is the best investment & hedge against inflation, so much so that people e saying the world should use gold as currency against ever depreciate USD, so now what happened ? Gold price tumbler no one taking about keeping gold rather than cash.

I bet U when u look back in next few years when over supplied properties price tumbled, then these people u see today talking about property price would never fall, will keep quiet just like those Oil & Gold speculators. ..lol

We need to know what's the income of mid class to be able to do an analysis. For me, I would think mid class is about 5-7k a month gross income. At 7k gross that would only be about 5.7k nett after tax and statutory deduction. They wouldn't go and rent a 2500/month housing. That rental is 43% of their nett salary.

And the 2500/month rental is based on zero cashflow for the owner if he/she bought the property at 500,000k over 35 years of loan.

So if earning 7k can't rent a 500,000 property, then who will rent property that is newly launch at above 700k in Klang Valley? Let's ponder that deeply. I'm still wondering as well cause I for one will not spend so much $$$ on rental. Rather stay at low rental place and spend my money somewhere else.

the majority (especially the big player) wanted oil and gold to drop.. then it will drop....

ask urself is now majority (sp, ms, ioi, uem, me, flipper, owner, etc) want property to go down or not ????

Do they own the HQ buildings for image or financial consideration ?

They can't buy in one location, but they can surely buy in many others. With hundreds/thousands of branches x few hundred shoplots per location being a huge number, bank can surely get some if they really want.

Well, of course I am not a very rich person, but I do wish the income tax office think the same way you are!


Meaning that banks think majorities of the shop/property are over-valued ? All valuers are fools ?

We must be living in a different countries! Or the statistical data done by goment must be all wrong.


Why would a company/bank need to answer to auditor if they just follow the guidelines ? As a minor shareholders of banks myself, I would be satisfied with any answer if profit has been made by any business decisions. But knowing that nature of property investment, especially these few years, do they dare to tell me this ?

Never doubt that there are cases that escape BAFIA and I witness some first hand myself.

P/S I am a ex banker who still keep contact with ex colleague. We always sensationalise fraud cases in banks to our friends as it is a very good story during drinking session. Especially attractive to mui mui zai who loves dramatic plots.

the problem is.. they will say they dont full rental.. 50% enough liao.. other sap sap sui for them.. less 50 % burden here they flip elsewhere

Maybe u can start with some names branch and position..so dat I can house clean these ppl report to attorney general... coz after dis u got new plot to tell and dis time rreal.in life..

True for individual. What if it is a household double income ? They now can afford, right ?

Alright, if double then sure can. Then the questions is, if double income, they could definitely buy a house instead of renting right? And since they can afford to buy for own stay and perhaps have also bought it already. Then who is gonna rent the rest of it from the market?

Left the industry already. Anyway, fraud cases are rare. We just sensationalise them to mui mui zai to get their attention Works everytime

I too doubt that the crisis will be anytime soon. They are many eager young property investors in the market now. Altho I knew that most new launches are not profitable now, these new warriors won't know until a few year later. The only possibility in the new future will be collapse of past flippers after many vps in 2014.