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Investment PROPERTY PRICES TO KEEP RISING, Government increases all Prop Biz Costs

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bearbearwong
post Aug 1 2014, 11:44 AM

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QUOTE(JamesPond @ Aug 1 2014, 10:51 AM)
my point of view, price wont be drop.
If i am a business man. I would rather no to do this business and doing it cheap.
I rather can use my money to venture other businesses.
So if people hoping market to drop in near future, chances is low. But if crisis happens. Everything is gone cheap.
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other countries already dropping... how can Malaysia immune only.. we are worse off with disproportionate earnings and most rich dudes are living on debts..
bearbearwong
post Aug 1 2014, 11:47 AM

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QUOTE(JamesPond @ Aug 1 2014, 10:45 AM)
as long as there is a demand. there would be a supply. But I dont agree with recent hike in blr.

previous rate is moderate and current rate is slightly high which is not acceptable in a developed country.
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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?
bearbearwong
post Aug 1 2014, 11:48 AM

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QUOTE(tabletman @ Aug 1 2014, 11:46 AM)
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.
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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?
bearbearwong
post Aug 1 2014, 11:50 AM

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[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?
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[/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
bearbearwong
post Aug 1 2014, 11:54 AM

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QUOTE(JamesPond @ Aug 1 2014, 11:12 AM)
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.
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not necessary the consumer need to adapt.. mb the investors can also adapt to price discounts in future.. coz many empty units and keep servicing the bank with increase interest rates and inflation ...

you really think the market are comprised of strong holding developers/sopecualtors? just wondering why bank negara need to introduce DSR then? since all are strong holding powers right?
bearbearwong
post Aug 1 2014, 12:01 PM

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QUOTE(Kevin Chan @ Aug 1 2014, 11:55 AM)
[attachmentid=4076045]

First they set the trap to lure dumb fish into the cove ... bank offer cheap credit ! (EPF own bank)

[attachmentid=4076041]

Then they constrict the area by panicking then fish so they cluster together ... bubble story/ price increase story/ developer cannot sustain (EPF owned developer)

[attachmentid=4076043]

Then its harvest time ... interest is increase to kill off borrower and transfer their wealth (property) to them self.
Bank lose nothing since they have already pay off the property from the start at the OLD price, Developer has already made their profit and Government already took their cut on stamping.

Then we recycle the entire game by offering easy credit again, the old stock collected get sold off at above purchase price as inflation would naturally push the price up. ohh forget loan can be written off as NPL, pure profit from the asset sale.

if you understand the game then you can play the game ... else you dumb fish loh !  rolleyes.gif
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+1... the fish now are in the hot soups, waiting potential buyers to scoop them out.. if buyers want and they dont sell high price
bearbearwong
post Aug 1 2014, 12:03 PM

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QUOTE(Zelphon @ Aug 1 2014, 11:58 AM)
Market crash is always unexpected..

When everyone keep screaming for market crash.. Property price drop..

DO YOU THINK IT WILL HAPPEN??

When everyone keep saying oversupply, market price drip etc..
Market sentiments is already perceived and all developers, authorities, banks will move in to cool and stabilize the market..

Same thing in Singapore...

Govt implement 9 cooling measures to stablize the mkt...
With the worst of all measures.. TDSR...
Yet property price in general did not fall much...
Only those super high end luxury properties fell in price..
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in fact Singapore property falls.. remember Singapore is a country of limited lands, so property should never be enough like Hong kong, Malaysia over here has many lands, we have yet to reach reclamation zone like hong kong to demonstrate the lack of lands... even then Hong Kong and Singapore property drops

if it so, care to explain why there are so many vacant units upon vp ? even with strict measures?
bearbearwong
post Aug 1 2014, 12:05 PM

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QUOTE(TOMEI-R @ Aug 1 2014, 12:02 PM)
That is provided the "fishes" manage to get a loan for it.  icon_idea.gif
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the fishes before cooling measures are without safeguard like DIBS & easy credits(without DSR 70%) , further more, interest rates on surge already and coming september too and also GST.. which will hit from all angle

the fishes also loses it pools of candidate wherein gov chop off the foreigner to purchase below 1 million

properties below 1 million? they are the most in d market.. making 80% of it..
bearbearwong
post Aug 1 2014, 12:07 PM

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QUOTE(gogo2 @ Aug 1 2014, 12:03 PM)
I think you're right too. But if oversupply is too much, even with anticipation, it would be catastrophic.

But PRIME area won't crash la. Example is Manhattan and San Francisco won't drop much eventhough property crash in USA.

So this means that R&F Princess Cove won't drop price eventhough whole Iskandar drop price.
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prime areas developments are so expensive, where got room to speculate..these buyers are really got holding powers..

target is outskirts investors.. hehe rclxms.gif .. cannot afford prime areas, buy outskirt la, buy property sure untung.. can flip upon vp .. rclxm9.gif

bearbearwong
post Aug 1 2014, 12:10 PM

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QUOTE(TOMEI-R @ Aug 1 2014, 12:06 PM)
Simple economics,

When demand > stocks = High price
When demand < stocks = Low price,

No?
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very hard to understand..

demand . stocks= high price
demand , stock= low price

have you define demand first or not?

demand not supported with affordability, actual power to buy is not a demand

it is mere wish to buy... these ppl who cant afford can demand forever but cant buy..

so does your simple economic taken into these factors?

bearbearwong
post Aug 1 2014, 12:11 PM

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QUOTE(accetera @ Aug 1 2014, 12:08 PM)
Just got news that KLCC will be seeing first RM3,500psf proposed project! (not land psf)
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mature areas... the ritz carlton residence and class AA office touch 3 k psq that day..
bearbearwong
post Aug 1 2014, 12:40 PM

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QUOTE(TOMEI-R @ Aug 1 2014, 12:36 PM)
When I said demand, it means demand from people who could afford to buy. When you could not afford to buy, there is no demand from you. No?  nod.gif
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ok so does the demand from those who can afford more than supplies/ or these ppl are already bought and waiting ppl to buy..


if demand / than supply, there should not be occupancy rates rates so high in KV areas.. the said demands should have snap all the upon vp units.. right?

even now developers units are still unsnapped till VP like OUG parklane, sutera residence, Tiara mutiara 2, V residency, green residence, altitute 236, you vista, ecovest cheras, and etc.. haven't include landed Vp..
bearbearwong
post Aug 1 2014, 12:42 PM

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QUOTE(gogo2 @ Aug 1 2014, 12:37 PM)
That is called Wish.

Normally its DEMAND and SUPPLY.

Not WISH and SUPPLY  laugh.gif
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the price factor.. really the demands are for 800k property? looks like the price are coming from one side the sellers/agents/investors side more.. no one will demands high price.. and cannot get bank valuation too.. demand wor..
bearbearwong
post Aug 1 2014, 01:03 PM

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QUOTE(Zelphon @ Aug 1 2014, 12:48 PM)
True in general..

Demand can come from locals and foreign investors..
No demand from local doesn't mean no demand from foreign investors..
Even when RM 1 million is minimum, if the location is prime.. there will still be demand...

Supply depends on location factors..
if prime location, huge supply... price MAY fall..

if interest rate move up.. people unable to hold and firesale.. then create more supply then price will fall...
this depends on the loans amount given by banks...
I think the banks has been prudent now given the warnings and market sentiments..

If people are able to hold, u can see price fall but not by much...
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haiya why still want to deny, 1 million sure got demand... every class also got demand..

question is is the bubble and our main concern of properties more than 1 million or less?

the huge mass suplies there are below 1 million right?

further, lets narrow down it, could it highly probably the the class be around 450k to 800k?

this is range is also not withing local demands, that is why vacant units are on surge, had it been the range of local demands, there should be not much vacant units left..

those mature areas are starting from 600psq at least or now 700at least.. mature areas has no bearing effect that much they are not the main consumable supplies..

like Rice is the main food, of course there are lot of rice like Siam rice, red indian rice (for diabetis) and etc.. in the market, restaurant a and etc.. the normal rice grade is the most in demand... same like house lor..

why go and target other type of proeprties (more than 1 million), the market for 1 million demand is very low.. no competition.. look at green residence cheras launch 5 months still 2 towers unsold with freebies below 800k nia..
bearbearwong
post Aug 1 2014, 01:45 PM

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QUOTE(Kevin Chan @ Aug 1 2014, 01:23 PM)
Do you support the black chess peace or the white chess peace ?

[attachmentid=4076148]

most likely your choice is wrong ... cause you don't see the actual player, you only see a hand.

There is only 1 player in this chess game, their objective is to sell ticket for you fans to come see.
they play both side.

EPF own Bank, EPF own Developer, EPF own Land ... hmmmmm who own EPF ?
you all fight ... more intense is better ... else you will see who really move the chess peace ...  whistling.gif
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+1 dude is with brains... property up down depend on financial institutions includes many bodies... losers will alwayls be public.. just like company and public listed..
bearbearwong
post Aug 1 2014, 01:51 PM

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QUOTE(Showtime747 @ Aug 1 2014, 01:26 PM)
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.
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showtime, this part of accounting bullet proof meh? did not know corporate governance and Non executive directors, internal audit, and external audit are doing work so well one? bro this is Malaysia... land of dreams where everyting is possible..

how Lehman brothers come down? all also international standard what... how they cheat?

is is not to say we speculate something in proof but to say it is bullet proof is not right...

Accounting manipulation

In March 2010, the report of Anton R. Valukas, the Bankruptcy Examiner, drew attention to the use of Repo 105 transactions to boost the bank's apparent financial position around the date of the year-end balance sheet. The attorney general Andrew Cuomo later filed charges against the bank's auditors Ernst & Young in December 2010, alleging that the firm "substantially assisted... a massive accounting fraud" by approving the accounting treatment.[52]

On April 12, 2010, a New York Times story revealed that Lehman had used a small company, Hudson Castle, to move a number of transactions and assets off Lehman's books as a means of manipulating accounting numbers of Lehman's finances and risks. One Lehman executive described Hudson Castle as an "alter ego" of Lehman. According to the story, Lehman owned one quarter of Hudson; Hudson's board was controlled by Lehman, most Hudson staff members were former Lehman employees.[53]

http://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

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