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 Is the bubble finally bursting? 2014, V2

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bearbearwong
post Jan 14 2014, 08:31 PM

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QUOTE(icemanfx @ Jan 14 2014, 08:24 PM)
Buying for future is a bubble, be it property or commodity.
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Hie we are here again..version 2 liao.. Q1 slowing liaoo.. dat dude got problem one bought amanya maluri for long term at 575k.. 2 room lehh.. rental yeilds he say not much but he say it for long term investment oh.. funny...planning flip 750k studio 2 room.. he is mad.. bubble wont come wor.. empty units but sold how? Hold ahh?..
bearbearwong
post Jan 14 2014, 08:37 PM

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QUOTE(wbyee78 @ Jan 14 2014, 07:26 PM)
Rich people can buy anytime. Poor people don't get to buy all the time.
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They buy all d time.. to invest.. mostly rich staying in high class area.. wont go and stay.. the more they hold the better.. poor will keep renting the invested properties.. dun so confident..even can hold.. money is locked .. rich ppl dun buy cash even they have...incometax sure come one..

If money stuck in invested prop and had to hold.. new prop no chance buy liao... if u guys notice there is a forest reserve after bukit segar a big forest reserve.. who knows development lehh..
bearbearwong
post Jan 14 2014, 08:40 PM

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QUOTE(gspirit01 @ Jan 14 2014, 08:36 PM)
I dun foresee a burst of the whole malaysia. It will be a burst  of certain areas and certain segments, especially those overpriced ones.  Before budget announcements in 25th of october last year, KL already started to decline.  See p5 of the following report to judge yourselves.

http://napic.jpph.gov.my/epsKeyStatistics/...tletWindowsnpbj
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Gs spirit I agree the burst is targeted to inflated high rise and landed in kl and kv mostly... the other mature areas will not be affected or stagnant.. this group of ppl is pure flippers and is our aim.. the low end fliippers will drop out for sure..
bearbearwong
post Jan 14 2014, 09:06 PM

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QUOTE(Minolta @ Jan 14 2014, 08:53 PM)
What is your criteria to define bubble bursting?

Reduction in transaction?
Slowing down of annual price increment?
Reduction in transaction price?
Stagnation in transaction price?

Bear in mind that this year there are new measures significantly affecting the affordability of properties as well as "attractiveness" of property for short-mid term investors.

So what property is cheaper today compared to last year?
Any DS terrace in Bangsar, Tmn Tun, Tmn Desa, DH, Subang, Kota Kemuning, OUG, Puncak Jalil, BK, Ara D, Kelana Jaya, Tmn Mayang, Kajang, Bkt Tinggi, Setia Alam transacted at lower price so far this year compared to last?
Any Condo in MK, Bkt Jalil, Kota D, Subang transacted lower than last year?
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2 mega projects in KV wor.. eco hill & our friendly neighbourhood southville wor.. DSL.. bungloe.. srmi bunglow.. township wor.. DSL selling 430k... flipping to 750k.. so .. u going to buy outskirt KL ? 750K DSL?.. flipping oso wont 750k flipp to how much... 1 million ah..
bearbearwong
post Jan 16 2014, 12:14 AM

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QUOTE(zephyrus9999 @ Jan 15 2014, 04:49 PM)
haha yeah man..

Successful investor will not likely come into these discussions cheering for bubble. In the end of the day, what are they trying to achieve and what do they gain if really crash. Smart people already gearing up on their future plans liao, not stucking up themselves in this forum shouting for bubble. Some pro-bubblers were even sour grape 5 years ago who fought for the same thing until now hahaha
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Bro dont u think it is really serious lehh prices beyond reach to majority.. and government anti speculation RPGT.. 1 million bar.. removal DIBS.. and price hikes yearly.. people coping with food .. education.. work.. luxurious overpriced out skirt KL prop I tink highly unlikely..

u on BBB or DDmBBB ( die die must buy buy buy) ? Mature area can.. outskirt 2 megatownship.. hoh seh liao.. u feel so?
bearbearwong
post Jan 16 2014, 12:19 AM

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[quote=Soros007,Jan 15 2014, 09:42 AM]
Slow down and stagnant - YES;
Bubble ready to burst - NO.
Landed prop with good concept + reasonable price is still a good buy.

quote=puchongite,Jan 15 2014, 09:38 AM]
Wishing for bubble to burst is one thing, whether it is actually bursting is another.

One can wish for anything, but when it is not happening, then it's a wishful thinking.
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[/quote]
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[/quote]

Soros hmmm.. remember how soros try kill hong kong 97? Coz china taking bek hong kong... china govetnmnent pump back hong kong so dat it eont collapse (here our beloved government got anti speculation measures.. RPGT.. 1 million bat.. removal DIBS.) u see got chance bo? Burst.. if no ah.. buy lah eco hill phase 2 launcing soon starting launcing mb DSL 600k.. flip to 800k.. hmm 9utskiry DSL 800k?.. u buying or not 800k?
bearbearwong
post Jan 16 2014, 10:48 PM

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QUOTE(nVidiaFX @ Jan 16 2014, 01:58 AM)
After the 2008 crisis. DUDE ANYTHING IS POSSIBLE. GULLIBLE.
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Ya lorr.. now all banks go buy PIDM I surance in return of rm250k max if bank go bust.. good time where bank can go bust...

anyting is posdible.. we are bind by debts.bank loose miney. flippers and developers scopp off man leving the inflated matket evwn they themselves wont buy..
bearbearwong
post Jan 16 2014, 10:51 PM

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QUOTE(chrisw @ Jan 16 2014, 10:06 AM)
The bar still at 500k, if I don't get you wrong..  rolleyes.gif
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500k? U have manage to transfer any prop below 1 million to singaporeans.. S&P signed last year ah? RGPT 30%di ahh??
bearbearwong
post Jan 16 2014, 10:57 PM

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QUOTE(aberdeen @ Jan 16 2014, 12:11 PM)
Why not, if I find a good deal. Just 3 mths ago, received sms early morning from Setia Ecohill, if interested to book, bring along RM20k cheque...I went with my cheque hoping to get one of their terrace house...too late the crowd already too big...all terrace sold out by noon...just within a few hours! The terrace selling from 400+k, I think is a good deal, heard the 2nd phase launch..the terrace will be from 600+k
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Oh u mean those ppl lining up... which later drop off.. oh.. this shows that even you got money also cant buy ohh..
same d same developer in MIVEC.. I ask him new project.. he say I m too busy.. u know why.. project havent launch.. ppl already give cheque di to book new prop... some even give signed cheque with withou limit to let you put..

haizz.. 600k phase 2 maa.. no worries they say aftet CNY launch.. grab 3 to 4 biji.. aftet flipp to 750k walao milionate di.. sure got ppl buy one 750k outskirt sap sap sui lahh.. 3.5k loan nia.. for 35 years.. 2 hours drive during office hours.. to kl city center.. sure hot cakes.. like taman tasik srmenyih srmi D 500k subsales.. next to nottinghamm..
bearbearwong
post Jan 16 2014, 11:03 PM

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Outskirt mana lagi.. 2 mega project township in KV tak tau mehh.. both using trees as oncept mas.. one is south kl one is very echo... many ppl banking hard here new prop DSL sure many banking.. tell u wat.. OFFICEhours.. KLCC via tunrazak to viva mall 1.2 hours di.. viva to leisure mall 30 minutes... from leisure msll to srmenyih.. 40 minutes.. haizz 40 minutes drive claim d developer..
bearbearwong
post Jan 16 2014, 11:47 PM

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QUOTE(chrisw @ Jan 16 2014, 11:28 PM)
Why Singaporean? Do you mean only Singaporean got the purchase power?  rolleyes.gif

Sorry because I really don't get what you meant, I just wish to inform you that the floor price still remained at 500k, not 1M notworthy.gif
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of course not.. not only singaporean.. i mean.. state give u consent to transfer property to foreigner below 500k? in 2014?
bearbearwong
post Jan 17 2014, 12:02 PM

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QUOTE(cheahcw2003 @ Jan 17 2014, 10:58 AM)
i agree to ur statement.

On top of that we also need to catagorize the investors/ flipper groups according to property price range.
1) those soho, sovo, sofo, studio investment which price range of upto RM350K
2) mass market apartment/condo from 350K to 700K
3) mass market landed from 400k to 800K
4) higher end of condo/ landed from 800k to 1.5mil
5) luxurious property above 1.5mil

which catagory would more likely to have firesales in terms of % ????
In general, ppl believe those richer investors at category 4) and 5) tends to have better holding power to weather the storm. Dear all forumers, what is your view?
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I tink even low end flippers venture to trouble waters like landed and bunglow in outskirt.. why.. their logic is bigger risk bigger return... the eco hill project and southville and iskandar.. rawang 2... many low end taking big risk.. in hope upon completion sell of... (coz they make an anology like this):

"Hmm 430k plus DSL wor.. cheap cheap lahh..compared to the high rise 500k above (in which they themselves feel expensive and wont buy) still cheap maas... if I flip to 750k (inclusive of RPGT 30%..legal fees.. stamp duities .. and etc minimum oso need to sell 550k. Plus 200k profit).. surely ppl will buy Maa.. a high rise oso 575k ( like u city/vista/amanya maluri/lido residency/pertama residency) surely ppl will choose landed.. I got a good deal leh 430k plus plus.."

they failed to reliase that high rise 500k above otransacted numbers are low.. those outskirt is GOD DAMM FAR.. however developers say 40 or 45 minutes LEISURE DRIVE .. but never mention it was traffic clear... (poor flippers only went to the said location first time which is d registration.. never drive before during peak... but because world class developers building JUST WHACK.. SURE UNTUNG). In actual fact from office concentrated areas like KLCC ..masjid jamek.. pj.. mont kiara and etc.. to reach kajang or bangi or rawang.. dat it self neec 1.5 hours coz stuck in jam duting peak hours..and additional 30 minutes to their house.. respectively.. ( be realiastic shall we.. market you targeting is working middle class working).. which I doubt coz many but NOT all already become flippers..


they also fail to pursuade themselves that the flipped price is no longer AFFORDABLE.. paying 3.5 k perminth for 35 years ( outskirt DSL) surely they will say many can afford 3.5 k just because u cant..dioes not mean many others cant... those can already or mostly flipping....

and come on 750k.. you your yoursrlf wont buy lahhh outskirt DSL.. right??

That dude mentioning that they have high holding power... yup you can.. well investment wise holding longer us is good ah.. bank interest jalan.... they mostly prefer sell off once completed... the longer u hold.. the prop become old.. design colour fade... they tell you hold longer is deceiving one.. if phase 2 open and you still holding phase 1 unsold.. haha.. ppl buy phase 2 lu... nevertheless if you holding long tetm.. good their credit is locked.. and surely cant flip ..

those rich ahh.. appetite problem... u tink invest 1 house meh... one project 3 house.. they have many houses dat is the problem... they need to hold so many dats I say they are the same... upon VP fast fast sell... but never consider alk the above problem.. sold but vacant.. alot of example... couple with govetnment measures hmm good to know government want slaughtet u flippers as well


bearbearwong
post Jan 17 2014, 12:04 PM

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QUOTE(kradun @ Jan 17 2014, 11:49 AM)
like this got possible for huge adjustment meh? the uuu are in the queue, then the ddd already cannot wait to jump in after queue for long time.. this is not demand then what else call demand?
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Demand owayls high.. but whethet can AFFORD or bank will give valuatio according to the flip price is another.. now even u bribe the valuers also no use liao..

furthetmore many the market u targeting are cooping with price hikes and GST coming.. u guys hold sin...
bearbearwong
post Jan 17 2014, 12:08 PM

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QUOTE(kevyeoh @ Jan 17 2014, 11:31 AM)
don't underestimate those who really have holding power....i think it is easily more than you think there is...
so it may not necessarily be fire sales happening...

if you check the market postings on properties for sale, the price more or less still up there....
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Agent.. can transact or not??? Saw a poor guy selling off his bandar mahkota vista.. cheras vista wor.. since 2 years back which is 530k.. every month increase till now 680k.. but haha lelong liao starting at 350k wor.. so many landed waiting to br resell le h
bearbearwong
post Jan 17 2014, 12:43 PM

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QUOTE(lamode @ Jan 17 2014, 11:41 AM)
a number of them already re-financed their current property(ties) and the cash is sitting at bank, not only they can hold for years, but can whack if got fire sales.
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Dude.. the longer u hold ahh.. investment better of? U sure this is their intention.. if u mention holding is so good and property price surely shoot up.. why the developer want to launch and sell to you guys? They can just built and wait complete than only sell wat.. same like u guys.. they are richer isnt it?

The many? Is how many.. telling partial truth isnt helpful leh.. those others 'many' suffering from credit cards debt.. personal loan.. renovation loan... bancruptcy.. car loan... house loan.. business failure.. and etc.. who is more 'many'. Agent... u meet few big flippers say many liao.. these flippers target ppl like above mention lor... can afford bo ccris all koyak liao...




This post has been edited by bearbearwong: Jan 17 2014, 12:52 PM
bearbearwong
post Jan 17 2014, 01:14 PM

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QUOTE(ManutdGiggs @ Jan 17 2014, 12:51 PM)
Boss, not trying to disagree, but as a repoman, can I ask isit bank acution for tat unit??? Or owner auction???
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Unfortunately.. I m not d one handling.. but I guess it is bank auction.. poor guy has a black vios..old model.. I saw it wen I brought by the agent... hehe...
bearbearwong
post Jan 17 2014, 01:17 PM

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QUOTE(ManutdGiggs @ Jan 17 2014, 12:52 PM)
Dev job is to rollover the cash flow for new launches. In biz, they can just sit on tat stock in hand.
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Actually..thete are leh like tan ming 1.88m... east park72... 1.4 m.. developer finish built baru sell... and still vacant leh...
bearbearwong
post Jan 17 2014, 01:23 PM

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QUOTE(cranx @ Jan 17 2014, 01:06 PM)
you got first hand info, can grab cheap units easily isnt it?
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hmm dat owner can by private treaty sell his prop anytime before auction... in auction surely got funny guys bidding against you for no purpose gehh.. then will say.. u open 20k cash cheque to me.. I let u win the bad.. I say u please take the bid... once they won.. say like auction price 350k.. bid till 400k deal seal and sell.. he only park in 35k oni maa... the balance payable he dun pay lor... so forfeit the deposit 35k.. and auction again.. buy some time damm unscruplus.. government come in.. if bidder dun pay balance.. bancrupt the bidder for the balance.. and auction in the name of the bidder...

damm..
bearbearwong
post Jan 17 2014, 01:45 PM

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QUOTE(UFO-ET @ Jan 17 2014, 01:36 PM)
Obviously he dun understand how developers run their business
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Oh .. so your great view would be "buy now otherwise sure regret".... right but not new prop but subsales prop fromu guys... then flippers also roll wat??
bearbearwong
post Jan 17 2014, 01:49 PM

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QUOTE(lamode @ Jan 17 2014, 01:36 PM)
exactly, lelong start at 350k  doesn't means it won't transacted at 500k.
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Oh 500k.. right lor.. if you tink it is worth it go ahead.. along the way ah.... ccris koyak.. ctos koyak.. want to flip again ahh see got bank want to borrow ir not..

if this happen mostly to flippers I m satisfied liao one flipper down..next

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