Do U mean the property market is going down soon ?

I think many people still think properties will forever going up and up and maybe that because they have not experience what it's like when property market crash. The last crash was maybe like 10 years ago, but B4 that there we quite a few other crashes.
People nowadays think that once they have paid down payment and made a few mthly instantments, thier future house/condo, etc will surely be built in a year or 2 as stated in the S&P. But thier is risk that the developer might just abandon the project when they ran into financial difficulties. During the last property, lots of development got abandoned....and in fact there are still some buyers who are still fighting to revive the abandon projects.

Saying that properties will forever going up cos population is increasing and land is limited is a falicy...when U travel outside your city, U can see mile and miles of forest...there're a fact lots and lots more land around to be developed.

The property will crash 1 day...I predict probably next year.

He must have his "jalan"; if he can buy 3 properties within 6 years on just a RM2K salary; I can forsee he'll be a millionaire soon. Many people earning a 5 figure income can't even dare/afford to buy a single property.

When did U start seriously looking for a property to buy ?

Sunrise and SP SEtia are just 2 of the dozens of housing developers in Malaysia...so unless many more developers are also doing badly, there is concern that property is crashing. Are the bad/slow payments getting a lot worse recently ?

I'm not surprise cos people do not buy properties yearly, so for most people, it's $0 for property purchase, whereas people will charge probably RM1,000-RM3,000 mthly to their credit cards, so in 1 year it's RM12,000-RM36,000. Pump petrol will be like RM500 mthly.

RM1,000-RM3,000 is definitely not average mthly income for Malaysians.

http://www.freemalaysiatoday.com/category/...cost-of-living/

Country Average Monthly Income in 2012
Malaysia RM5000 (or RM8586 in Kuala Lumpur)
United States of America US$4251 (RM13965)
United Kingdom £2796 (RM15064)
Singapore S$7570 (RM19551)

I think there are just too many property projects being done nowadays, all thinking it's easy money due to the demand fueled by flippers out to make easy money.

Even lots of Bursa counters are getting into the act....especially those who are doing badly in thier current business and they will usually JV with other companies to go into property development, thinking that this move will revive thier bursa stocks.

I believe with the over-supply of properties coupled with flippers leaving will cause the property market to crash likely in 2016 and maybe even earlier in 2015. Many housing projects will get abandon just as what happened around 10 years or so ago.

Yes, it's all paper profits till U have sold the houses, just like U bought a lot of stock that has risen a lot and U take it as U're in profit already.....but U R really only in profit till U sold the stock. And it's damn easy to realize your stock profits...selling is instant if U're trading on9...so U realize your profits instantly...but selling house is a totally different ball game.....takes months or even a year or 2 B4 u get the full payment.

No worries...so many options to pay pay pay.....cash, check, credit card.

FD interests going up and soon BLR will rise as well...property market expected to slow down.

Someone posted this is the FD thread -
"i think it is confirmed OPR will be increased. more likely 0.5%

Why? as my housing loan (this month) increased from rm1601 to rm1894 came as a surprise to me".

Will this happen soon to most existing housing loans ?

He's a developer...he sells properties.....U think he'll say don't buy as prices going down soon ?

By old U mean above 65 years old ? Since old sure not working and still can buy house since no income to pay the housing loan ?

Sure or not, such a great difference between bungalow price and the rental ? Sell the RM2.5m bangalow and put it in FD to earn say only 3% p.a. will give U RM6,250 per mth income, while renting pay just RM1,500 per mth ? Something is definately not right here - too great a difference.

Land is limited to these 3 small areas only...due to good location - e.g. Johor is near Singapore and thus reclaim land just across Spore. Penang is a small island. But not so in other parts of East Malaysia, plenty of land outside the cities/town.

Property U flip, stocks U goreng. But make sure U don't goring till it's smoking.

Few million ringgit Bangsar bangalow selling for RM300K....over 90% drop ? That will never happen.

R U serious ? Where is the location of the bangalow ? 90% drop, hard to believe.

Sure or not ? It's bcpbeancounter's dad bangalow...how U know it is located there ?