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 4 Critical Signs of a Bubble Market V7, UUU still trounced DDD

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bearbearwong
post Jun 16 2014, 10:57 AM

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QUOTE(gogo2 @ Jun 16 2014, 10:44 AM)
If you  talk about SoHo/Studio, I think they called it Homestay.

SOHO is not pitstop. Its not really suitable for family with kids. Only for newly weds yes. But I think most wife will kill you if you buy studio as wedding house. Hahaha...

Currently the price is not crash because no transaction or no buyer in the subsale market. I don't know what the buyer waiting for. Crazy la.
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So.. v7 already.. bubble bubble.. picture is getting clearer
bearbearwong
post Jun 16 2014, 12:21 PM

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QUOTE(gogo2 @ Jun 16 2014, 10:59 AM)
Not really clear though.

I see from thread https://forum.lowyat.net/topic/2967053/+260

still got a lot of people buying new property.

Just that subsale got not much transaction. LOL...
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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..
bearbearwong
post Jun 16 2014, 12:33 PM

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QUOTE(HuiChyr @ Jun 16 2014, 12:16 PM)
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.
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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
bearbearwong
post Jun 16 2014, 07:16 PM

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QUOTE(accetera @ Jun 16 2014, 04:13 PM)
Over the weekend, I felt like the BBB scenes are coming back again.

This time, there are people who will buy CASH.
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it is a different group all together, cash buyers. got check how bad was subsales?
bearbearwong
post Jun 16 2014, 07:20 PM

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anybody has idea of the subsales appreciation for those property built after 2010?

after subsales, appreciation still ongoing? and transacted?
bearbearwong
post Jun 16 2014, 07:50 PM

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QUOTE(ManutdGiggs @ Jun 16 2014, 07:49 PM)
One of my factory increase 47% since vp may 2012. American coy tenanted. 15 yrs lease agreement. Not selling thou.

Another factory bot subsales in 07 increase 185%. Last wk buyer offered a historical high price in tat area but i rejected the offer. I'm comfortable with my rental income.

Tis 2 units giving me 57k rental. Instalment is 41k for both. Buy early. Enjoy the fruits.

Hav u decided yet???
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wow merely collecting rentals is better than any other business..

i had, but the said property got land slide problem..
bearbearwong
post Jun 16 2014, 07:55 PM

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QUOTE(kradun @ Jun 16 2014, 07:41 PM)
Appreciate from 30%-70%.
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just to make my self clear again?

developer= 350k
subsales 1st hand to me= 560k
me subsales again = 30%, around 150k minimum
so i sold it at = 560k +150k= 710k?

from developer to 1st hand subsales= period of 3 years or 4 years to sell at 560k
from me subsales to subsequent subsales = also around 3 to 4 years? at 710k?
bearbearwong
post Jun 16 2014, 07:56 PM

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QUOTE(kradun @ Jun 16 2014, 07:54 PM)
he buy when many claim the property bubble ma.. now he deserve such punishment..
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harsh words punishment, that is profiting..

41k monthly installments is not some "kicimiao" looking for investments..
bearbearwong
post Jun 16 2014, 08:06 PM

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QUOTE(kradun @ Jun 16 2014, 07:57 PM)
recently got survey my next prop, thought the prop really so jialat so many auction, then i very free open all the auction listing, over 10++ post but all go back to the same unit number, it look like a lot, but iproperty dont have such option to remove duplicate post by different people.

http://www.iproperty.com.my/property/searc...y=&ns=1&rmp=100

i count it total got 18 auction post for 1 unit of auction property.
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Dis one I notice as well. 1 prop auction.. but many post but the same property.. subsales mkt bo good.. manu agents see got good auction then advertise.. even those waiting for sale by owner and good prop oso many agent..
bearbearwong
post Jun 16 2014, 08:09 PM

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QUOTE(AppreciativeMan @ Jun 16 2014, 08:05 PM)
Who says no affordable housing?
New flat, off Jln Ipoh area (cant disclose detail info)
800sft 3room, only 35k (existing flats renting RM600-RM700 in the area)....
But........
add kopi $$ 25k.....
Still cheap and affordable!
Jus tat not my cup of coffee......  tongue.gif  tongue.gif
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Low cost of course.. 35k only duit agent 25k.. haiyoo.. be agent better than owner
bearbearwong
post Jun 16 2014, 08:40 PM

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QUOTE(CK15 @ Jun 16 2014, 08:17 PM)
In real world, if u got good property, no need advertise, propects on and of asking u to give a price, and they ready to grab.
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+1. but due to mass properties especially new launches, old subsales, merely good property does sometimes maybe ended up no buyers, coz there are just too many property to be considered..

just that agents should refrain marking up prices, this is creating artificial price increase..

and sometimes, cause trouble too, an agent wants to mark up for his commision behind his agency firm, agent enter into a agreement with owner to say mark up 50k for a 500k dsl, agents dun trust the owners, they requested the law firm to release the cheque in 2 pieces i.e 50k under that agents name (without agency name) and remaining to the owners..

in actual fact agents are placing the fire ball to law firms, relying on a piece of paper agreement btw owner and agents is not a good idea, in the event owners refuses after deal is seal, agents cant do anything practically.. if law firms release 50k to agents, owner will say law firms breach duty releasing to agents without authorization..

the agreement cant be used, agent want to reply will have their license strip off by agency law, your agency company will sue you for conflict of interest too..

i advise agents since you and owners have agreement to pay 50k, we release all monies to owners and you claim from the owners yourself.. since you have agreement, dun drag the firms with you...
bearbearwong
post Jun 16 2014, 08:44 PM

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QUOTE(AppreciativeMan @ Jun 16 2014, 08:16 PM)
read my earlier post la.....  doh.gif  doh.gif
And u mean u NEVER pay kopi money b4??  notworthy.gif  notworthy.gif
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kopi duit i know.. but low cost new units how to kopi lui? give who?

i recall my grandfather when he was alive got low cost too, MCA give one, just ballot and get ur units for some 42k, no see pay duit kopi oh..

lowcost got restrictions:

1) buyers must be household less than 3 k (dunno still valid or not )
2) must be first house
3) and must be at least 5 years before selling

difficult, to sell... state gov current is very good in keeping things running.. last time regime different.. u mean this kopi duit to transfer?
bearbearwong
post Jun 16 2014, 08:48 PM

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QUOTE(SamsengFan @ Jun 16 2014, 08:43 PM)
1st the first cheque to book the property is to be written to agency?(as agent fee) ?
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yup.. under agency firms name... to lock the unit as well
bearbearwong
post Jun 16 2014, 08:52 PM

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QUOTE(gogo2 @ Jun 16 2014, 08:10 PM)
By the way, who pay agent commission? Bank? I think buyer no need to pay commission right?
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in auction properties i believe no.. bank pay the following to get auction but will factor back to the defaulter accounts and proceed to bancrupt:

a) valuation fees normally Khong & Jaafar
b) the auctionners.. this very jialat i heard 2% of the price auction (irregardless sold or no bidders), all auctioneers fighting for this as bank pays good money.. till we have to have a list of auctioneers and follow turns
c) lawyers for preparing the prop to auction

some auctioneers i now very/sipeh fat, high risk of heart attack coz too rich:

a) Property auction house
b) the heritage
c) Ng Chan Mau
d) Ehsan auctioneers
bearbearwong
post Jun 16 2014, 08:53 PM

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QUOTE(gogo2 @ Jun 16 2014, 08:50 PM)
Yessir

1% from each side
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wah so special one... here all purchaser bare.. all factored into already
bearbearwong
post Jun 16 2014, 08:56 PM

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QUOTE(ManutdGiggs @ Jun 16 2014, 08:49 PM)
Stakeholder la. Lawyer oso can b one.
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yes. but a bit different lor..under law firm name they no forfeit.. under agency name, certain amount forfeited or all forfeited if do not follow the 14 days or 21 days after signing the option to purchase
bearbearwong
post Jun 16 2014, 09:05 PM

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QUOTE(Rabel @ Jun 16 2014, 08:48 PM)
notworthy.gif  notworthy.gif  the agent want to make another 50k and the owner oso gong gong.  doh.gif  doh.gif
Lu really pandai lor.
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will you let agent to earn 50k from your property worth 500k?





bearbearwong
post Jun 16 2014, 09:07 PM

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QUOTE(BTimes @ Jun 16 2014, 08:57 PM)
bearbearwong got your property already?
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belum lagi...
bearbearwong
post Jun 16 2014, 09:16 PM

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QUOTE(Rabel @ Jun 16 2014, 09:10 PM)
No
I will pay extra commission if he/she manage to sell better price
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+1, good lor, give extra incentives for agents.. dun agree marking up make property price up too fast..
bearbearwong
post Jun 16 2014, 09:20 PM

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QUOTE(ManutdGiggs @ Jun 16 2014, 09:13 PM)
I ll ask agent to sell at 600k n he keeps the 50k I keep another 50k.
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wah, good lor, i saw 2 owners saying that too.. they say all the wanted is 400k, if agents can sell more, they take..

dat day went Hamphsire residence for loan signing, the units a million but less than 800sq.. China couple sign loan so ma farn 1.6 million loan want sign on their swimming pools, went in also difficult, parking lots at some B4 every floor guard waiting haizzz... rich ppll.. haizzz signing also guard observe from far.. haizzz...

taukeh.. car issue better buy a bigger ones, likelyhood to survive in traffic higher.. not cursing you die, statistic shows that * sedan cars except bus has more chance to live..

consider cars like pajero, toyota fortuner, humvee, land cruisers, bigger cars... also the speed lor.. big cars speed= die too..

This post has been edited by bearbearwong: Jun 16 2014, 09:23 PM

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