(andrewcha, following Sifu Rooney advice, some apartments < RM150K bearing KL Address
http://www.iproperty.com.my/property/searc...=&au=&sby=&ns=1
4 Critical Signs of a Bubble Market V6, Signs are already there in Malaysia
4 Critical Signs of a Bubble Market V6, Signs are already there in Malaysia
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May 14 2014, 12:29 PM
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#1
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(andrewcha, following Sifu Rooney advice, some apartments < RM150K bearing KL Address
http://www.iproperty.com.my/property/searc...=&au=&sby=&ns=1 |
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May 20 2014, 11:31 AM
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#2
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QUOTE(icemanfx @ May 20 2014, 11:24 AM) Is it true that; All things being equal, same location / areaIf a unit is transacted for $1.5m, similar unit in the same area/block could be valued for $1.5m? Same type of Housing - say Intermediate Double Storey Link Same Size / Built-Up Same land Status Valuation should be similar General asking price of DSL in DPC is something like RM1.8 mln right? Some ask more cos of more extensive reno but generally, there will be a base price |
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May 20 2014, 03:25 PM
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#3
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QUOTE(icemanfx @ May 20 2014, 03:20 PM) So it is possible to push valuation in a particular project/block by transact a few unit at elevated price? if there is enough new people willing to pay high prices for certain location - YES.This explains how Kota Damansara - launched at RM350K, Leasehold can become > RM850K today right. This kind of price is just too high for poor fag like me - but plenty of people still willing to pay that level of price and if their salary can qualify for the Loan, Banks are still willing to lend. |
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May 20 2014, 11:25 PM
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#4
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spoke to some analyst. OPR will definately to go up due to GST but govt may not want 2 rounds of OPR increase.
hence, some say BNM may wait until next year to increase OPR one time only. lets wait and see, most of us have more loans than deposits. OPR increase won't do us any good, be it property speculators, genuine buyers. |
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May 21 2014, 11:02 AM
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#5
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May 21 2014, 11:49 AM
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#6
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May 21 2014, 04:37 PM
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#7
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QUOTE(gogo2 @ May 21 2014, 01:59 PM) Honestly the unit look pretty run down and old.Need at least another RM100k++ to RM150K to make it look like new. For almost RM800K, better buy say at K2, Nadayu 92, Tropocinana Heights or even at Semenyih. Can get Semi-D already. Got more space, lifestyle, newer but of course downside is further from KL |
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May 21 2014, 04:45 PM
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#8
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Wow, really, RM700K is the new low cost house in Penang.
QUOTE(gogo2 @ May 21 2014, 04:41 PM) Make it new also no use because too small. Like living in a flat. What's the point right? Who will buy this? Not making sense at all. At most, SSL should be at RM500K onlyThis is what we call bubble? Another single storey house selling for RM700k meant for poor people to stay one:- http://www.mudah.my/1+sty+terrace+reservoi...ld-26213368.htm Hahaha, somemore posting with fake photo. This post has been edited by cfa28: May 21 2014, 04:47 PM |
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May 21 2014, 04:53 PM
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#9
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QUOTE(gogo2 @ May 21 2014, 04:46 PM) I also post the KL one. Same price. Can add another Toilet. Someone posted at the Reno section. All this price don't know who set one. Agent? So which one of you poor people with RM700k want to stay in a single storey house with 1 toilet? SSL in OKR also at RM600K levels http://www.iproperty.com.my/propertylistin...k-house-forsale http://www.iproperty.com.my/propertylistin...k-house-forsale http://www.iproperty.com.my/propertylistin...k-house-forsale Wonder what will be the final transacted price. Asking price always marked up right. |
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May 21 2014, 05:30 PM
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#10
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QUOTE(bearbearwong @ May 21 2014, 05:26 PM) To me, Size and Age beats Location anytimeA 40-year old house measuring 20 * 70 will always be 20 * 70 and 40-years old But Highways can be built MRT can be built Schools can be built Buy bigger, newer is always better than buying smaller and older |
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May 21 2014, 05:58 PM
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#11
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QUOTE(bcpbeancounter @ May 21 2014, 05:55 PM) 40km from KL is forever 40km. 40 years old can "makeup" become new born baby. True, 40 km is always 40km but measured in time, 40 km can reach in under 30 min during off peak and perhaps just under an hour for peak.look at this one http://www.iproperty.com.my/propertylistin...k-house-forsale the condition is not much better than the few you guy posted. Is it for poor people? Seems acceptable by modern urban standards. The Gains, a bigger house that you look forward to come back to. Space for your kids to run, play |
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May 21 2014, 06:05 PM
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#12
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May 23 2014, 01:00 PM
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#13
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QUOTE(bearbearwong @ May 23 2014, 12:57 PM) congratulations, you are in safe hands for thinking such... kajang /semenyih here worse.. we have townships with 1000 units least supplies coming in 1,000 units every 1 to 2 years at least.Both SEH and EM is > 1,000 acres developemnt MKH Kajang East, Pelangi II, another few hundred acres of develiopemnt But for own stay or Long Temm Ok - Flipping a bit dangerous |
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May 23 2014, 01:13 PM
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#14
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QUOTE(bearbearwong @ May 23 2014, 01:01 PM) that is my view too.. sumore got soutville by mahsing township too.. so scary numbers of units coming in the market.. still got ppl gungho flip.. almost guarenteed almost sold out in 2-days.must go oh dis week to see EM launch.. see how many left.. After that, every week got say 5-units released due to Loan reject and taken by the waiting list Key is not to launch 2,000 units at one go but 400 units every 6-months and see how market absorbs. Each subsequent phase, increase price by 10%, previous buyers all happy and will recommend F&F to buy with the introduce r fee, etc |
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May 23 2014, 03:50 PM
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QUOTE(gtfan @ May 23 2014, 03:43 PM) Normal lar. You see those folks in every property thread, each time after launched, sure got someone post, i have a few units to let go with certain fees. Cannot believe in this day of time, Developer still wanna play sticker game and then call you to offer Loan reject at higher premiums.Reminds me of properties during the mid 90's where huge undertable $$$ are exchanged to get a queue to buy. Remember talam projects...people queue for a few nights I have even notice one developer (i am sure more are like this), before opening their door, when they see a huge crowd outside their office, they will revamp their pricing upwards. One eg. IOI. My recent encounter, country garden, on the launch day at a hotel, all link house sold out. Only got bungalow. I left, pretty piss and waste of time even though a booking fee have been paid to secure a balloting rights months earlier. Next day, some joker started calling my mobile telling me he got special unit to let go but at a premium price. I ignored. After 2 mths when i go collect my refund, guess what, the developer told me, hey we still have link house if you are interested at launch price. Told them off %$$#^&^^%. N thus, i go buy ecohill. That also from loan reject cases. |
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May 23 2014, 04:17 PM
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QUOTE(YuenZhao @ May 23 2014, 04:13 PM) U ppl are so funny, arguing on GDP etc There are strong correlation between Property Prices and GDP.But how does that explain why developers want to increase price and rent? Is Malaysia going to face recession soon? There is also correlation between Recessions and Property Bubble burst Do you think that Malaysia GDP can be positive forever? Regional and International economic outlook is not exactly very rosy right now sister. QUOTE(gogo2 @ May 23 2014, 04:17 PM) Nope. Malaysia won't face recession. Malaysia achieve unprecedented growth rate of 6.7% almost match China one. So no way Malaysia drop into recession. Not only that, DSL in Kajang will be > RM1 mlnFrom what I see, doubling of house price from the current price is achievable in 2018. In 2018, not more RM700psf. All condo will start with RM1000psf. This post has been edited by cfa28: May 23 2014, 04:18 PM |
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May 23 2014, 05:33 PM
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#17
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QUOTE(bcpbeancounter @ May 23 2014, 05:27 PM) will BLR increase so much meh? don scare me le...i owe bank a lot. better sell now. I think more people going to bankcrup when opr increase in Jul this year. Come next year more increase. bubble will pop...now no gain no loss....better sell. Bro, not scaring you. BLR is 100% to go up.The only question is when and by how much. Latest for BLR to go up is by Q1 2015 before GST is implemented to give the retirees more money to cater for GST Quantum is between 0.25% to 0.50% |
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May 23 2014, 05:39 PM
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May 23 2014, 06:13 PM
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QUOTE(bearbearwong @ May 23 2014, 05:57 PM) you also felt sth wrong with those ulu-ulu areas right? prices there match KL.. look at EM and SEH speculated future selling price BBW, you forgot about MKH Projects @ Kajang East and Pelangi Semenyih.more expensive than the canary cherashartamas 3 storey baru selling 1.2 m to 1.6 million.. now maybe 2 million like that https://forum.lowyat.net/topic/2568983/all 22 * 75 before rebate also above RM730K++ already A bit too expensive but do you remember IOI at BPP when it was first launched. Ppl also said expensive. Today, price more than doubled already and Puchond dem Ong. Time will tell but for own stay - no issue, sooner or later Kajang & Semenyih will also ONG. |
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May 23 2014, 06:22 PM
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QUOTE(gtfan @ May 23 2014, 06:18 PM) Most new properties nowadays, rental won't be able to cover installment if loan is taken. Even a rm6mill corner new shoplot will have problem trying to cover it's installment via rental income looking at the entry price. Rental can cover installment if u take 70% financing or less. 50% Financing, rental sure to cover wanSo, what most investors banking on is purely capital appreciation and not rental yield. There are plenty of cash buyers out there especially those in sme businesses. But so many investors greedy, want rental to cover 90% or even 100% loan. This post has been edited by cfa28: May 23 2014, 06:25 PM |
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