Do you know how many outside people are preparing fake document and report fake tax just to borrow million and billion from bank? I borrowed million and billion just by submitting fake document. But in my bank account or if I sold the house I got million and billion although I was bankrupt. Do you think people really care and he or she richfag. Secondly, the value of the house I can get valuer I know value and markup high high and get bank loan by just giving duit KOPI. Why cant? Can you see the crisis? Can you see the burst?     

Now increase more...many more will do songlap. You know what, I have a group of friends buying whole end block and

mark up the price and sell high high to people. In the end, the more consumers borrow, they will be more happy.. This

crisis gonna burst all investor to hell.   

I did before I don know??      You come pay me 50k I get you 2 to 3 mil. Wanna try? I can help   

Oh..ada paham dah.. 

Then got dead chicken you oso don wan? die die buy launch units?

http://econsmalaysia.blogspot.com/2014/06/...were-wrong.html

Good bye.... 

I want to read more UUU blog but no more UUU blog and all already DDD....     

Where is the property market heading?
Last updated on 29/05/2014 - 19:21
28/05/2014 - 14:00 ShareThis     
Vincent Lim
OPINION: Three months have passed since the authorities announced several measures to keep property prices in check. Smaller margin of financing, higher property gains tax upon disposal and a ban on the developer interest bearing scheme (DIBS) are some of them.

In the absence of official figures to determine whether such measures are living up to expectations, the next best yardstick is to get a feel from property developers and other players associated with the industry, such as real estate agents, conveyancing lawyers and bankers.

Even if there is a concerted effort to compile such findings, it will always be a few months late and the data may not reflect the true scenario.

Twenty-four years ago, my previous company hired a professional research house to determine the supply, demand and pricing of residential properties in Cheras.

The findings concluded that supply outstripped demand and therefore for the project to succeed, the properties must go below a certain price.

We went against the findings, priced the properties above the average and embarked on a heavy promotional campaign. We sold out within four months of our launch.

In 2004, we carried out a market impact assessment study for our project in Mont Kiara as part of a requirement for our bridging finance facilities. We engaged a property valuer who found the project could, at its best, be sold for around RM380 per sq ft (psf). Again, we went against the report and sold out the project within four months at an average price of RM470 psf.

A year later, the same property valuer was hired to carry out another study for our next project. This time, they determined the figure to be around RM500 psf. You guessed it; we went for an average price of RM570 psf and sold out the first phase. The subsequent three phases continued to be sold out at higher prices.

The scenarios clearly indicate that no one knows where the property market will be heading. One can only make an educated guess. The famous 10-year property cycle that everyone talks about is merely a theory. If it really holds water, then why has the famous Japanese property bubble that burst in the early 1990s not recovered until today?

Property experts will be quick to provide justifications – that Japan is probably an exception; that the prices had gone too high, that it would take 20 years to recover and at the end of that, someone will say it will take 30 years and so on.

With this in mind, I am careful when friends ask my opinion on where the property market is heading. No one can be certain what the future holds. Remember that all property readings are just predictions.

Here are some salient points that one should consider before delving into an uncertain property market:

➤        Never read the property market and its cycle in isolation. Always consider the economy which is highly dependent on four main facets: foreign direct investment, export, domestic consumption and government fiscal spending.

➤        Keep an eye on the unemployment rate. As long as the people are employed, non-performing loans are likely to be kept at bay and property prices will remain stable, if not, continue to rise.

➤        Location and concept no longer dictate property price performance. Property play is beginning to appear like a financial game. As long as banks are willing to lend, property prices will continue to rise. In spite of the wisdom of the Central Bank to curb overheating, the market will eventually adjust itself according to the forces of supply and demand.

➤        Inflation, rising cost of building materials, increased wages and higher land cost, among others, significantly affect property prices in the primary market. The Goods and Services Tax to be introduced in 2015 will have an impact on building materials.

➤        When properties are priced beyond the reach of the buying public, there is a possibility a two-generation loan tenure will be introduced to make repayment affordable. Japan offered a 100-year multi generation property loan in 1990 and Singapore a 50-year tenure in 2012. Such measures, if not curbed, will continue to fuel property prices.

➤        Banks are in the business of lending. Property loans are asset-backed and hence relatively safe. In pursuit of loan growth, banks in collaboration with property developers will come up with creative packages that work within Central Bank guidelines.

➤        The property industry is treading on dangerous grounds when we see the emergence of inexperience short-term players jumping into the bandwagon, thinking the business is lucrative.

Vincent Lim’s early career covered journalism, marketing and public affairs. This life member of the Harvard Business School Alumni Club of Malaysia recently retired as COO and executive director of a boutique property development company.

This article was first published in the April 5, 2014 issue of The Heat.

- See more at: http://www.theantdaily.com/Hot-Topics/Wher...h.4X0cYShM.dpuf

http://www.cnbc.com/id/101721209
Guys guys.... the reality and facts and crash is freaking near..   

Khazanah absorded Oomno's cronies and glc's debt.
Other ppl's debts , sendiri tangong lor.... 

Hmmm you should read the article first before categorising it.

That blog post is not ddd and in fact has nothing to do with property.

What it says is that the academic studies relied upon to support fiscal austerity for crisis management were wrong. This was long known, as the study only showed correlation not causation, and the latest study (which I did not read) merely confirms this.

Francis Yeoh also speaks out:

Property The Best Investment.... Evar!!!

Well, whatever.

I also agreed previous few years rise has due to a lot of speculation, but at the same time, we have income growth across.

It is almost impossible to have someone work on 2008, after 6 years, did not get payrise at least 20~50% in this 6 years time, somemore we had min wages introduced last year that drive up the wages level especially at low level one.

The rise of property price since 2008 has several factors
1. Low interest rate
2. QE
3. Inflation, people worry about negative real interest rate, hence flocking to hard asset
4. Rise in income, including public sector also get decent payrise in the last few years since 2008. Good bonuses for finance sector and O&G sector etc.

It is not solely on speculation alone.
Yes, speculation did make it "hot" that rise of 100% in 3-4 years which is not something sustainable throughout, but there are fundamental factors that support the property price rise behind as well.

I agreed from 2011 to 2014, rise has a lot to do with speculation, but I do not agree the rise from 2008 is because of speculation.

2008~2010 was the aftermath global financial crisis, generally people are more scared to make huge speculation just after a major crisis, as many may be hit hard by the crisis as well.

I wonder how would mega developments like IJM's Pantai Sentral Park cope when under construction units are completed in 2018? Would investors be cashing in on good appreciation?

welcome the new milionares in 2018, gogo2.. if sold..

By that time...2018.. you already HOLAND lo.. No chance to enjoy.. Poorfag       

Pity you...     

So many versions already.. no need insult feast.. time wil prove who is wrong and right..

the coming obstacles which might hike prop price is GST.. after that ..hmm no one knows.. but prop price gotta settle down after that

You don't know you are at the peak until you roll down.

You don't know how deep the hole until fall into it.

It is easy to look back 1997 crisis, this result this and that,
look back 2008 subprime, see, I told you subprime is bad etc.

But when one actually in it and the outcome is not known yet, you never know how serious the crisis will be, or crisis won't as big or what will be the outcome.

Look at how media and analyst said how bad the Euro crisis, and little economist can give proper solution to solve it.
But now Euro stock market at all time high, Euro stay at elevated level, the Euro debt crisis seems like never happen before.

See how media said how bad China property bubble, how serious shadow banking could be, but after so many years, still little thing happen, life goes on, economy growth still at robust rate.

So when Thailand Baht being hit by international speculators at starting point time, it could be just a hiccup.
Little punters or people expect a crisis was brewing.

Previous statement claim central bankers are economists that have the ability to know crisis ahead, why they fail to acknowledge the 1997 crisis before it exploded?
If those economist central bankers knew ahead, they should shut the door against the currency speculator, and crisis averted in the first place, then we won't have 1997 crisis.

If I have crystal ball to know there is bubble created by Fed, and will pop one day, I will short the market, instead interested to post a statement afterwards, I told you so, or see, xyz economy theory said so.

I will buy put option, put warrant, short the index massively.

Time exactly, predict exactly when bubble pop? It is as easy as guessing a lottery number. 
But may be economist has the ability to predict it, which I ordinary person do not have. 

Few if any politicians would curtail public feel good factor even if it could lead to disaster later, and central bankers won't want to be seen the person to derail economy expansion. Hence, bubble is assured from time to time.

So back to my question, what do you think will happen in 2016-2018? Will we see a slump or a continued boom?