True. I see many business chaplap because spending by household is getting less.

Only property can huat huat huat.

Hoh seh liao!!!!

The day when all other threads in lowyat forum are dead, left with this as the only active thread.

Happy ending from V6

Yeah parents buying for their kids because don't want them to go overseas or other state to work.
Want their kids to settle down fast to start a family.
Or in some cases, parents sell their bungalow or big house which was affordable years ago, and buy a smaller place. The extra are down payments for their kids home.

Some kids are intelligent and make good use of their parent's help to succeed in life. But some just waste the help and spend, spend, spend.

I guess these parents were smart and grabbed some properties several years ago.
However, in the following generation, it will be much harder.

Hey, this make a lot of sense..

Definitely can!
Surrounding me..... ppl who invest in prop..... i would even define as 100% of them planning for their kids... And tat would definitely includes myself too.....
Thats why i always feels tat technology in some way benefits a lot, gaining knowledge & info without travelling (u see the world in computer of course )..... however it also kills a lot of personal touch, the real life ppl, the actual happening surrounding us..... sad for those who dont kno how to catch the balance of it.....

By then bubble already pop.
But one thing I'm sure of is that banker with strong connection to rich ppl and vice versa buy up the properties under water even before it was auction off. And these props are usually good location and rental. Props auction off are the ones that rejected by these rich dudes.

Understandable bcoz long auction list doesn't look good for the banks.

New launcheas though can finish all units some do not. It takes longer time ..

subsales is the one worring.. subsales market are 80% for home stay and not investment.. subsales slowing down could br many factors

a) price too high
b) loan too strict
c) anticipating burst
d) too many new launch choices
e) oversupply
f)etc..

So isn't that a bad scenario?
Sub-sales cannot sell but new launch can?
So question is; these buyers for developers, are they really home stayers or investors/flippers?
General knowledge (not universal though) is that there's price appreciation from new launches bcoz it's like buying from wholeseller or direct from factory. Moreso, loan approval is easier compare to subsale because influence from developer on valuer and banks.

If parents are truly buying for their children now means there will be less demand for property in the future.

I think this thread will continue until 2020 as the properties will still remain strong and growing. I will buy properties now, won't wait until burst coz that time, all people will further trim their pocket and won't spend $$$ on buying properties due to uncertainty (such as interest growing up, job retrenchment and etc). Even I have $$$ during properties burst, I would rather spend on investing in shares rather than buying properties. What properties can do for u when it burst? Lol

Hopefully, this admin won't continue this thread until death.

Oh I see.

There's an auction in Penang with a landed house in good housing area dropping from RM650k to Rm585k to RM527k.

I'm very interested. Unfortunately my wife decided otherwise.

So means, the rich people not interested with that house. Must be very bad fengshui.

i dont kno........ Maybe u r right........
Then what about statistic of prop investors holding prop more then 5yrs, 10yrs or even 20yrs?
What about statistic of prop investors holding more than 1 prop? more than 2 prop, 3 prop?
If 90% of parents couldnt afford to buy for kids, why those launching prop still got snap up? All those are in the 90% group? Msia population increases so fast? If its not the 90% group, they are in the 10% group, all first time house buyers?
If u really wants to kno the real prop market, speak to real ppl instead of reading those statistic or report la..... u'll start to realise there is a great different between statistic, report & those real happening surrounding us.....
If i dont remember wronly, i mentioned this statement before..... One of the main reason i dont really trust those statistic and report mainly because i never found any of that is inline to myself or my circles of friends...... How to depend on it???

All the factor seems like logical

Actually people want to buy new because buying subsale feel like being suiyi although many discount from subsale. Huhu...

Especially if you buy old area (RM200k landed) at high price (RM600k). Imagine you are high class earner living in low class area. Many avoid buying this type of subsale I think.

Sound logical also. But their children will buy for their children's children's children?
But parent house who stay? Maybe sell?

Yes bro. Buy property more important. Trim pocket. No need to spend on expensive food.

Sales before auction.. private treaty.. but the seller must agree first.. nevertheless bank officers.. too can buy..

even then it also take an investors with balls of steel like appreciatove dude to buy at those injury time

This post has been edited by bearbearwong: Jun 16 2014, 12:39 PM

Not ncessarily.
May property portfolio for these rich guys are FULL.
You don't expect them to put 100% of the wealth in property right?

May be this time u really predicted the future trend, demand start reducing after the baby grow up, and this is going to take another decade or more.

The ultra rich guys are of different league compare to most of us. They can buy cash and hold it for years.
They also have the bargaining power on the terms and conditions and prices too.
They take up 10 properties at once for price way, way cheaper than market price. And for only one reason ... these ultra rich are businessmen/women. Their REAL asset is their business. Properties are just to "park" their cash for hedging against inflation or tax. If their businsss go down the hole, they may need to liquidate their properties to pay off or collateralize their properties for cash.

Bankers are not property manager, they are money managers. They prefer cash (or equivalent) to balance their balance sheet.

At "injury" time, the overleveraged will suffer the most. Businessmen (not all) have higher chances to survive.
Look at Tan Sri William Cheng ... owed Rm2 billion since 1997 ... still living the luxury life.

This post has been edited by HuiChyr: Jun 16 2014, 01:05 PM

the pama buy for they children is very minority la... juz my concern is population of none bumi cannot pick up, then the prop market will truely bubble after 2020..

If buy to stay, just buy.

If buy to goreng. Do it.

If buy to rent..... Probably not.