BBB turn DDD

If demand reduced, developer will not build because they cannot sell at prices which they can make money. So supply also reduced. Lesser new launch, hence buyers have to go for sub-sale. All about supply and demand curve and equilibrium shift. If at a certain point, demand < supply, then price will fall. If supply < demand, then price will increase

The Rehda chairman is just telling people the developer's margin is very thin now that if price decrease instead of increase, they will not build and the supply will decrease

True or not, depends on different individual lah

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

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.

How they tabulate ? These public listed company have to announce their results every quarter. They have to follow international accounting standard. Not simply "claim" some numbers and be able to con people. Just go to see their results in KLSE website. They are all public information.

Like you said, don't insult your own intelligence. Don't rely merely on your "belief". Do some due diligence before you come to your conclusion.

When a person wants something to happen in his favour, he will think of all justification to prove his thinking is right.

There are certainly some accounting fraud cases in the world. But you choose to believe the overwhelming minority to represent the general practice of most responsible companies. 1 company may manipulate the accounting, but look at all the property development companies' on KLSE. A glaring common observation --> their margin is not as good as those people who can't afford a nice house thought.

The article on the first post has detailed out the reasons of erosion of profit margin, but the DDD of LYN refused to believe. Just like all consumers always thought all bosses make tonnes of money. No surprise to me at all.

It is up to you bearbear. It is your money, your choice of house, and you pick the time to buy. It has got nothing to do with me. I thought you are a nice guy and just wanted to remind you the possibility of you not being able to own a house in your lifetime. As I have said numerous times to you (I don't even bother to repeat twice for other people), you are timing the market for your own house (not investment) which is not a very wise strategy. If you still hold on to this mentality, I can guarantee you the price will eventually run away from you once again and you will cry like those people who chose to believe bubble bursting 5 years ago

And you will face more difficulties after that. Just like many DDD who missed the boat since 5 years ago. A condo they eyed used to be RM250k, and now it is RM600k. It will be doubly hard for those who missed the boat to commit something which they had the opportunity to by at 50% less. The same story may apply to you in 5 years time