O no! I became the biggest bear!

My friends told me vietnam prop bubble burst already. Some declined as much as 40-50%!

It did burst in vietnam.

http://www.globalpropertyguide.com/Asia/Vietnam

http://english.sina.com/business/2012/1129/532210.html

This post has been edited by gspirit01: Jan 14 2014, 06:19 PM

Wah! U r more bullish than developers.

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

I am doing the same for a few that I am interested. They show the same trends, mostly stagnant or lower.

Actually, while rental yield and ratio of price to household income are good indicators, a more accurate bubble indicator will be total property sales over gdp. Rental yield gives viability of prop investment, price to household income shows affordability, and sales over gdp shows how hot the market is. Do it for the past record until now, one can tell an accurate view of market.

If major property price correction(notice I didn't say bubble) do happen, no matter what UUU team says, it falls. Just like in the past few years, no matter what DDD team said, the market was still going up. Property market is a cyclical market. UUU team and DDD team will take turn to win, just matter of when.

The most dangerous thing now is that many are not aware whether they are investing or they are speculating. That is nothing wrong with speculating. In fact, many international astute speculators made a lot of money and prude of it. However, for ordinary people, most of the big money were lost because one was speculating but thinking he was investing. Also, speculating associates with high risk and high gain, at this point, the risk of certain segments just went thru the roof.

Not that serious lah! Most homeowners will be ok. Price up or down makes no difference to them. Only those flippers and speculators die only. For that, gomen won't help them.

You are correct, most won't have ball. It is just not profitable if price crashes and maintain the same price for the next three years. Here are from a previous discussion:

Bullets for UUU and DDD

2009
UUU
1. DIBS
2. Easy Loan
3. Materials Up/Inflation
4. No land
5. Not enough supply
6. Friends/family made money
7. We are the cheapest
8. Foreign Investors

DDD
1. Affordability

2010
UUU
1. DIBS
2. Easy Loan
3. Materials Up/Inflation
4. No land
5. Not enough supply
6. Friends/family made money
7. We are the cheapest
8. Foreign Investors

DDD
1. Affordability
2. 70% for 3rd house

2012
UUU
1. DIBS
2. Materials Up/Inflation
3. No land
4. Not enough supply
5. Friends/family made money
6. We are the cheapest
7. Iskandar factors
8. LRT

DDD
1. Affordability
2. 70% for 3rd house
3. Loans control
4. Light RPGT

2013
UUU
1. Materials Up/Inflation/GST
2. No land
3. We are the cheapest
4. LRT

DDD
1. Affordability
2. 70% for 3rd house
3. Loans control
4. Many condo VP/high supply
5. Foreigner Limits
6. Heavy RPGT
7. Friends/family stucked with properties
8. HK/SG start to decline
9. US taper
10. Removal of DIBS

Sentiments has a big impact on buying mood! Just like, when US stock market crashes, KLSE will be affected too. Another example will be, someone went bankrupted investing property in Johor, when you intend to invest in KL, you will be more careful.

Some prop news in mandarin.

http://www.nanyang.com/node/593541?tid=688

http://www.nanyang.com/node/591970?tid=686

This post has been edited by gspirit01: Jan 17 2014, 10:57 PM

I think many people here are wrong to assume that most will suffer if crash come. Actually only those who overcommit will feel the pain. For houseowners or long term investors, price up or down makes no difference. Will price come down, I believe so. Desperate speculators will pull down the price, just like they push up the price previously. What is the percentage of speculators and investors in the market now? From a few threads here, it is more than 50%.
Most taikors here, even if they dun believe there is a crash, they r not buying since last yr.

It takes only 25% of the mentioned 50% to bring down the whole market.

My hunch tells me that our epf money might be in local stock market.

"Foreign funds" r pulling out, index stays the same or goes higher. There is hell of a big hand supporting the market.

R u insane ? No car in kv ? i think u r not married with kids. U can do this in sg or hk or jp, not in my. If u r a girl, pls tell me whether u will go out with a man without a car in kv?

This post has been edited by gspirit01: Jan 22 2014, 01:54 PM

Tq for sharing.

Some developer staff get this kind of discount as well.

I am quite surprised to see u actually voted that.

For those who think prop prices didn't falll, I saw my friend neighbour 2.5 storey house just dropped in auction price again.

540k(bank tho that they wrongly put the price) -> 900k -> 810k -> 729k -> 653k latest.

See whether there is any taker this time.

Sorry for late reply:

http://www.iproperty.com.my/propertylistin...k-house-forsale