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 Is the bubble finally bursting? 2014, V2

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KChan
post Jan 27 2014, 04:55 PM

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QUOTE(Brad11 @ Jan 27 2014, 04:34 PM)
With holding power, the ball is always in the seller's court. This apply to most affluent/prime/mature residential locations. It's a take it or leave it scenario as there are always people who are willing to pay compared to those who can't afford. My two cents.
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Yup. That's why when market turn to negative, most of the affluent/prime/mature residential locations won't be affected much. Another thing is that those mature locations usually is owner occupied therefore they will defend their preferred location. Those affected badly shall be far away place where there is not much commercial/office activities. Many years ago as I remember, my aunty bought a property in Rawang, the so call promoted upcoming location. But it never materialised and the property price drop below original purchase price. That's the danger and it is still very possible. I even came across some developer launching high end properties in Nilai with high price. That's crazy. Gonna rent it to students a high end property? LOL


QUOTE(UFO-ET @ Jan 27 2014, 04:35 PM)
Agree 50%, if. 650K has taker, the next transacted done at 630K, followed by 600K deal done., then this is a significant drop, we call this situation a 10% correction for that particular period, at that particular sector, location and type of property. Asking price can be any figure, but kenot be taken into consideration of mkt movement.
Btw, I 100% agree that new launch price really crazy.
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Yup, now a days asking price is just asking price. A lot people is happy with their property asking price, but if you ask them to pay that amount to own a same road or same development parcel. How many would buy at the latest asking price? Hmmmm. Anyone can tell me if they buy a second property on the expected asking price?

QUOTE(tienzyee @ Jan 27 2014, 04:36 PM)
+1, developer pushed their profit to maximum possible.
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Sure lar. Riding the trend lar. Most human has herd mentality. If show the development got 30% people buy, the rest will go buy without proper analysis. So developer is laughing all the way to the bank lar. LOL
bearbearwong
post Jan 27 2014, 05:13 PM

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QUOTE(UFO-ET @ Jan 27 2014, 04:35 PM)
Agree 50%, if. 650K has taker, the next transacted done at 630K, followed by 600K deal done., then this is a significant drop, we call this situation a 10% correction for that particular period, at that particular sector, location and type of property. Asking price can be any figure, but kenot be taken into consideration of mkt movement.
Btw, I 100% agree that new launch price really crazy.
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Sumore wat.. fueled by flippers.. developer follow suit..the market follow the flipping price..

U ask investors.. new launches whether it is still worthy of investing or not..
bearbearwong
post Jan 27 2014, 05:17 PM

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QUOTE(tienzyee @ Jan 27 2014, 04:36 PM)
+1, developer pushed their profit to maximum possible.
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That means no room for flipping di ..agree maa. Like echo hill second phase launch berapa? 650k DSL ?
SUSPhilHellmuth
post Jan 27 2014, 05:55 PM

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QUOTE(Brad11 @ Jan 27 2014, 04:34 PM)
With holding power, the ball is always in the seller's court. This apply to most affluent/prime/mature residential locations. It's a take it or leave it scenario as there are always people who are willing to pay compared to those who can't afford. My two cents.
*
agree to this

all bows to holding power flex.gif
kohts
post Jan 27 2014, 06:44 PM

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Survey conducted by sin chew today indicates top prefer investment prefer in 2014 is property. In fact cash value rm has drop much against foreign currency and trend seems continue. Inflation sure to rise further reducing cash value and other type of investment need to be monitor closely, with global economy warming up.

Keeping cash strategy is it a good move.......mmmmmmmm?
twincharger07
post Jan 27 2014, 06:46 PM

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QUOTE(kohts @ Jan 27 2014, 06:45 PM)
Survey conducted by sin chew today indicates top prefer investment prefer in 2014 is property. In fact cash value rm has drop much against foreign currency and trend seems continue. Inflation sure to rise further reducing cash value and other type of investment need to be monitor closely, with global economy warming up.

Keeping cash strategy is it a good move.......mmmmmmmm?
*
can try to open oversea account n keep your $$ there.. but not HSBC for now.. hmm.gif
MishimaZ
post Jan 27 2014, 06:49 PM

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QUOTE(UFO-ET @ Jan 27 2014, 04:39 PM)
Without the bank's support, developer can't do anything, thus I always say banks are the main culprit to goreng the property.
Whenever bank's report claims on mkt overheated, who shd be blamed? Those bank's analyst shd slap their own face
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Not to mention most bankers have zero idea about the construction side hence giving out overvalued loans to developers.

kohts
post Jan 27 2014, 06:59 PM

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QUOTE(twincharger07 @ Jan 27 2014, 06:46 PM)
can try to open oversea account n keep your $$ there.. but not HSBC for now..  hmm.gif
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Have try this before but preciously admin charge n expensive exchange rate set a disadvantage unecessary. Now i try placing into funds with exposure in the develop countries. I dont felt confident in waiting for price drop nor up as both ways have clear disadvantage
twincharger07
post Jan 27 2014, 07:11 PM

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QUOTE(kohts @ Jan 27 2014, 06:59 PM)
Have try this before but preciously admin charge n expensive exchange rate set a disadvantage unecessary. Now i try placing into funds with exposure in the develop countries. I dont felt confident in waiting for price drop nor up as both ways have clear disadvantage
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in general for spore, 5k sgd minimum.. fell below that will impose 2sgd fee monthly..
the drawback is interest rate only 0.xx.. hmm.gif
kohts
post Jan 27 2014, 07:21 PM

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QUOTE(twincharger07 @ Jan 27 2014, 07:11 PM)
in general for spore, 5k sgd minimum.. fell below that will impose 2sgd fee monthly..
the drawback is interest rate only 0.xx..  hmm.gif
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Unless you fly to singapore n withdraw cash and then go to exchanger, direct tt cash to myr account us expensive aside the low interest. Else airticket and time is a cost also

twincharger07
post Jan 27 2014, 07:32 PM

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QUOTE(kohts @ Jan 27 2014, 07:21 PM)
Unless you fly to singapore n withdraw cash and then go to exchanger, direct tt cash to myr account us expensive aside the low interest. Else airticket and time is a cost also
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lol.. can buat direct TT la.. y fly here fly there..
Rabel
post Jan 27 2014, 08:29 PM

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QUOTE(bearbearwong @ Jan 27 2014, 07:32 PM)
Actually.. once prop really bubble.. even no bubble no one rent also making loss di.. holding for 10 years..  if really bubble u guys going to make big lost.. holding power can save yoursrlf from bancrupt.. those no holding or low holding .. haizz..

most prop agent.. are chinese it market really plunge.. like genting bus wiping almost all.. in this case.. bancruptcy due to high entry investment.. photo of bkt beruntung which I have taken shall be furnished in moments.. mind you srlangor.. kota warisan..sepang.. both megatownahip outskirt.. d highest risk
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Ur point is for those no proper planning in investment. For those no such big head butbuy such big hat or no such big backside but eat so much "lau sai" ubat.
If the guys got proper planning in investment. Do u think will he/ she bankruptcy once bubble burst?. N if she/he won't bankruptcy. So , Wat investment strategy should they use?
As I replied to ur previous post. Some of the ppl willing to hold the property instead of cash.
Y?. Nobody will know next crisis will happen in where or Wat. If really happen in curreny ringgit. I think u need to change ur point from beginning of the day.
icemanfx
post Jan 27 2014, 09:33 PM

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QUOTE(Brad11 @ Jan 27 2014, 04:11 PM)
To the main topic. I doubt it will burst...probably go into double bubble mode. Given the rise in cost of living/inflation, prices of property in prime areas will continue to reach for the skies due to its location (look at HK, Japan & SG). Those not so centrally located would potentially follow suit with average increase. If one is to think prices will drop, you may want to continue dreaming. In the end, you may watch your dream of owning a home come to past.
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In inflationary economy, if income increment can't keep up with inflation means less disposable income. Real house price is more likely to drop than rise.

QUOTE(Brad11 @ Jan 27 2014, 04:34 PM)
With holding power, the ball is always in the seller's court. This apply to most affluent/prime/mature residential locations. It's a take it or leave it scenario as there are always people who are willing to pay compared to those who can't afford. My two cents.
*
How many flippers have hold power is remains to be seen. Given stereotype, most flippers holding power is limited dibs period + 6 months.

This post has been edited by icemanfx: Jan 27 2014, 11:09 PM
Gizaman
post Jan 27 2014, 09:51 PM

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QUOTE(bearbearwong @ Jan 27 2014, 07:32 PM)
Actually.. once prop really bubble.. even no bubble no one rent also making loss di.. holding for 10 years..  if really bubble u guys going to make big lost.. holding power can save yoursrlf from bancrupt.. those no holding or low holding .. haizz..

most prop agent.. are chinese it market really plunge.. like genting bus wiping almost all.. in this case.. bancruptcy due to high entry investment.. photo of bkt beruntung which I have taken shall be furnished in moments.. mind you srlangor.. kota warisan..sepang.. both megatownahip outskirt.. d highest risk
*
Why you keep saying no one rent? Unless one bought in really new or ulu place, it is very easy to rent out, at least for rental RM2.5k and below. So stick to location and one will not have such problems. By renting, somebody else helps to pay down installments.
Rabel
post Jan 27 2014, 09:52 PM

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QUOTE(Gizaman @ Jan 27 2014, 09:51 PM)
Why you keep saying no one rent? Unless one bought in really new or ulu place, it is very easy to rent out, at least for rental RM2.5k and below. So stick to location and one will not have such problems. By renting, somebody else helps to pay down installments.
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Coz ppl will camping. biggrin.gif biggrin.gif
CK15
post Jan 27 2014, 09:56 PM

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QUOTE(bearbearwong @ Jan 27 2014, 07:32 PM)
Actually.. once prop really bubble.. even no bubble no one rent also making loss di.. holding for 10 years..  if really bubble u guys going to make big lost.. holding power can save yoursrlf from bancrupt.. those no holding or low holding .. haizz..

most prop agent.. are chinese it market really plunge.. like genting bus wiping almost all.. in this case.. bancruptcy due to high entry investment.. photo of bkt beruntung which I have taken shall be furnished in moments.. mind you srlangor.. kota warisan..sepang.. both megatownahip outskirt.. d highest risk
*
boss, let me know if u got kota warisan unit available, am interested. biggrin.gif
coffee on me...
Siao_Lang
post Jan 27 2014, 10:10 PM

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I think for those areas like Semenyih,Rawang, etc... Places that is not that famous.. Maybe those places will be the one bursting.. blink.gif

Cause too expensive already. blink.gif

Correct me if im wrong..
robert82
post Jan 27 2014, 10:16 PM

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QUOTE(Siao_Lang @ Jan 27 2014, 10:10 PM)
I think for those areas like Semenyih,Rawang, etc... Places that is not that famous.. Maybe those places will be the one bursting.. blink.gif

Cause too expensive already. blink.gif

Correct me if im wrong..
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Maybe, but you need to look closely, places like Kajang, Bangi and Semenyih is supporting the surrounding area and quite a huge population is working in Seri Kembangan, Putrajaya, Cyberjaya.

Please bear in mind for maybe 30-40% of the population, the central is always KLCC, cause they work there.
But how many people actually work there?
For others who work in Putrajaya, Cyberjaya, our central is Putrajaya, Cyberjaya.

So, a house in Bandar Utama is unattractive to us, in terms of travel and distance, but a house in Semenyih, Kajang, Bangi is super attractive.

What suits person A might not suit person B and vice versa.

Add the fact the southern didn't really have viable / nice township, suddenly the emergence of townships in Southern KV gives choice and options to those staying/working around this area.


kradun
post Jan 27 2014, 11:01 PM

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tighten ur seat belt for the upcoming unforeseen external impact..

http://www.thestar.com.my/Business/Busines...ysian-equities/
SUSAmayaBumibuyer
post Jan 27 2014, 11:11 PM

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QUOTE(robert82 @ Jan 27 2014, 10:16 PM)
Maybe, but you need to look closely, places like Kajang, Bangi and Semenyih is supporting the surrounding area and quite a huge population is working in Seri Kembangan, Putrajaya, Cyberjaya.

Please bear in mind for maybe 30-40% of the population, the central is always KLCC, cause they work there.
But how many people actually work there?
For others who work in Putrajaya, Cyberjaya, our central is Putrajaya, Cyberjaya.

So, a house in Bandar Utama is unattractive to us, in terms of travel and distance, but a house in Semenyih, Kajang, Bangi is super attractive.

What suits person A might not suit person B and vice versa.

Add the fact the southern didn't really have viable / nice township, suddenly the emergence of townships in Southern KV gives choice and options to those staying/working around this area.
*
Good. Thats what i said. Kajang got affordable landed house around 400k. That price is very right. Definitely no bubble. Anyway manage to rent out my unit at above 2k++ just now for information of some hardcore DDD people here. Now no need to worry installment for that unit.

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