Well, I thought all indication point point to market slow down? Then we should expect price crash and then we can BBB more!!! I don't think you want to BBB a lot now with current developer price. What you think?

Spending yes. But if household debt is 86.6% from GDP, means its overspending.

Also strike more chance to be bankrupt. If American thinking means a lot of them are not buying house now because scared of Property Price Crash.

then stop giving discount, rebate, free reno, air cond, etc etc la...

[quote=gogo2,Aug 1 2014, 11:02 AM]
Well, I thought all indication point point to market slow down? Then we should expect price crash and then we can BBB more!!! I don't think you want to BBB a lot now with current developer price. What you think?


Yes, you have a point there. But there would only be a price crash if there is a MARKET CRASH. This will see our ringgit value plumetting, sky high inflation rates, costs of living and also loss of business opportuinities. This will also affect our buying power unless of course you have millions of cash stack in your savings. Banks also will decline to give out loans then, how to buy?

prices just cant keep rising and rising - something has to break eventually...

developers can say land prices are rising but if prices are beyond reach of most buyers and the banks are getting stricter, eventually the demand will fall ..

high prices become an affordability issue for most people as salaries are not rising fast enough and with rising inflation, the general population will be priced out of the market..

I think bank approval is being strict is good as it giving chance for 1st time buyer. Hence, for 1st time buyer, it is an opportunities here but not many are daring. That is the problem but sooner or later, they will adapt to it.

As long as there is ENOUGH consumers + speculators + long term "investors" are able to buy up and HOLD the housing supply, the property prices will continue to go up. Due to this, some people will get rich and their wealth will be slowly leaking out to the hands of the consumers (as economy is a big circle as I have always maintain). The consumers will also get "richer" in the long run (in other words, inflation) and will find the housing is affordable in the future. Money depreciates and the savings in the bank at the end does not get much value compare to the assets value.

However, if ENOUGH consumers + speculators + long term "investors" think this is really too much and stop buying the housing supply, the property prices will sure fall. The bubble burst and those which get caught lose big money.

In other words, as in all forms of investment, the outcome is unpredictable. At the end, it all boils down to what the majority of the people is doing. The stock market is the same. Everyone wants to buy then the price goes up, everyone starts to panic and sell and the price goes lower and lower.

Compliance costs crazy means those who benefits from compliance cost being so crazy gets to become rich and buy up the houses.

when banks don't simply give out loans ... you dare to simply buy?

I will have to agree with this but somehow developer will still need to keep their businesses running to pay their loans and workers wages and realizing that their profit margins are currently way too much its either they develop shitty outskirts and make massive marketing for the area, or drop selling prices? As the matter of fact, supply has been over demand over the years but somehow speculation forces has managed to maintain and inflate property prices, no?

We do not believe in our own government, hence to just take what this Redha asswipe say would be an insult to our intelligence.

Don't buy from developer now lah. Many sub-sale got better value, and immediate hand over some more. I will BBB if I see some nice return and easy to rent out property. Cannot time the market lah. We are not god.

There are more bad news in the last 5 years than now. But the last 5 years property still increase price like a rocket. Now the world and malaysia economy is much better than during 2008 sub-prime, 2010 Euro crisis. Property price may not up up up like before, but the chances of down down down is also very small.

Glomac is political link company. Ah Jib may want the price to come down, but under him a lot of people waiting to cari makan. Now the boss of Glomac is telling Ah Jib don't over-do it. Your macai will have a hard time cari makan if you still keep bringing out those policy. This is all about politics and money game. There are other big macai under Ah Jib like Sime, IJM, Gamuda, SP Setia and many many more smaller developers and bumi contractors cari makan in property development sector. The price could stabilise a bit, but if really crash, I think Ah Jib will also crash because his macai all affected

But we still see property in outskirts like "at the tail end of Puchong" or rawang selling at premium KL property prices. Those developers never fails to amaze me.

confirm 2015 crash by GST boh

That chap is from Glomac, a politically linked company. For other companies, Just go to KLSE website and table out the net profit of those developer's profit and loss account. I did that before in bubble thread. The average profit % is around 15%. So Glomac is no different from other property development companies

That REHDA chap is trying to warn Ah Jib lah. Telling him his macai will suffer if he keep surpressing the property market.

+1 these days most buyers are either speculators, flippers or long term investors. When these guys are saturated with their own loans then no more demand. Forget the genuine home buyers or 1st time buyers, they are droping out of the market one by one as we speak depending on their income bracket.

When all is aligned, then i want to see what tune the REHDA guy will play.

With promises of a less than half an hour driving distance to prime cities, hell yeah it is amazing.


Keyword: Politically linked company.

As far as I am concerned they can come out with crocodile tears and claim what's what lah, I don't get easily conned anyway. Seriously, how do they tabulate the 15% of nett profit? I don't believe the figures at all. Might as well be a less established developer this way.

To be frank Najib have to suppress the market, he has allowed property market to soar this half decade. Wait la these many condos in KL to be filled up first.... only resume.

other countries already dropping... how can Malaysia immune only.. we are worse off with disproportionate earnings and most rich dudes are living on debts..

The question is always when it is going to happen? And sometimes external factors suddenly derails it that it either happens sooner, or later, or not even happen at all due to suddenly we all get rich when foreign funds keep pumping into our economy, such as foreign people suddenly want a slice of property market and buy it all up.

actually everybody also demand for the best..

but demand which does not comes with affordability means you only wish to have a property with no ability to buy it..

so demand without affordability= mere wish (everyone wish/demand for the best), this is demand meh?

the question can be answered by yourself.. does the market look healthy now with so many vacant units upon vp like 7-8 months and some 1 year?

[quote=TOMEI-R,Aug 1 2014, 11:06 AM]
[quote=gogo2,Aug 1 2014, 11:02 AM]
Well, I thought all indication point point to market slow down? Then we should expect price crash and then we can BBB more!!! I don't think you want to BBB a lot now with current developer price. What you think?
Yes, you have a point there. But there would only be a price crash if there is a MARKET CRASH. This will see our ringgit value plumetting, sky high inflation rates, costs of living and also loss of business opportuinities. This will also affect our buying power unless of course you have millions of cash stack in your savings. Banks also will decline to give out loans then, how to buy?

[/quote]

nvm about the buyers.. as long property market hits it reset button which it should have.. thing will work out from there.. just need longer time