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 Multiple Signs of Malaysia Property Bubble V12, Areas Klang valley & Johor

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kradun
post Oct 18 2014, 01:32 AM

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QUOTE(Tigerr @ Oct 17 2014, 11:14 PM)
Aiks. Dow jones recovering 1.56% as of now...
something not right hor....bosses, please help answer b4 bbw ask hor...
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hopefully it keep its momentum la.. just on again my bbb mode over this 2 days.. since beginning of this year fork out all saving to put on down payment..
kradun
post Oct 18 2014, 05:23 PM

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QUOTE(jolokia @ Oct 18 2014, 02:38 PM)
Not only share, your property prediction also alway wrong one leh..

Your prediction Green Terrain price wrong,
your prediction interest increased wrong,
your prediction Goodview Height wrong.
your prediction budget will imposed new bulldozer measures wrong.
your prediction share market will drag down property wrong.

Vios also not qualified to get loan..lagi mau beli 728K property ah ? kekeke...

You are right I assume you can at least affford a 70-80K Vios, now I know even that also you cannot afford. .. pengsan. ..wait for PR1MA lah..since new rule stated household income below 10K i am sure you qualified for that, new PR1MA project in Alam Damai, go registered lah, better than live in Sg Long South worry buy food also need pay toll. . cry.gif
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Something fishy there? Prima set qualification household income max cap at rm10k, while early people said rm10k is high income earner only got. Now government so keen to help out on some of the high income earner to ger their home also.. other than that, 10k also cover under prima 400k prop then if household income 10k buy 700-900k prop consider very stretch lo..
kradun
post Oct 18 2014, 10:17 PM

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QUOTE(bearbearwong @ Oct 18 2014, 10:09 PM)
they are my gf sisters, con your head
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This 1 lagi jialat, near relative become enemy.. when relate to money dont relate to relationship, is just either1. That is time bomb can explode anytime..
kradun
post Oct 18 2014, 11:40 PM

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QUOTE(jolokia @ Oct 18 2014, 10:53 PM)
http://idaman2.kpkt.gov.my:8888/idv5/98_eH...MA+LAND+SDN+BHD

Bear2 see this, did I not told you Property is Chinese matter, that why I tell you all those national statistics are irrelevant one, what income cannot catch house price al tolok only.
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what is the content? now u see and now u dont?
kradun
post Oct 19 2014, 01:47 PM

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QUOTE(Showtime747 @ Oct 19 2014, 12:57 PM)
Anything is possible. China now cutting interest rates and start their "QE". Euro also going to start their "QE".

What happen when USA started QE a few years ago ? Everything increase in price  thumbup.gif

bearbear will miss the boat !  rclxm9.gif
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Single big factor kill all other small factors, like what happened in the past. Many bad news to support the property go for downtrend was override with single factor, US QE flooded market with cheap money. The rest negative news suddenly all evaporated into the air.

QUOTE(Tigerr @ Oct 19 2014, 01:07 PM)
5th floor n 3rd floor got difference in price oh. If buy 3rd floor bank ll reject my loan and 5th floor is ngam ngam pass the loan + mrta + legal fees.

If exercise more. Your chance to go hospital pay doctor to play ping pong ball on your heart ll be reduced. tongue.gif
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Playing for long term need to keep high healthy level. lol

QUOTE(Showtime747 @ Oct 19 2014, 01:16 PM)
thumbup.gif

Too bad the student wait and wait, now cannot afford to buy back the same type property. Last time he bought RM200k, sold RM400k. But now cost RM600k. If he buy back, he got to fork out RM200k more  tongue.gif 

The longer he wait, the more his money sit in bank depreciate

I think he regretted big time to be a DDD who time the market  cry.gif
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That is because the greed in them had growth very big after flip, belum cuba belum tahu, sudah cuba hari2 mau. Hope for market auto adjust by assume it need to rebalanced to achieve equilibrium state, but does equilibrium state = every ah chong, muthu, ali also can easily afford to own their house in city? drool.gif
kradun
post Oct 19 2014, 03:24 PM

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QUOTE(bearbearwong @ Oct 19 2014, 03:14 PM)
Maybe you can tell us amaya 2 biji monthly service loans and maintenance.. longer you pay loans.. more money in to bank.. profit getting less
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since u know the fact like amaya nobody willing to sell u cheap, it is so obvious their profit is getting lesser over longer period, can u see now how many people not so smart like u go and fire sell their unit? The fact didnt tell u about ur interpretation toward current situation is totally not make sense at all?
kradun
post Oct 19 2014, 08:22 PM

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QUOTE(ManutdGiggs @ Oct 19 2014, 08:15 PM)
Another day is passed. Bro bear u hav any  target yet???
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Morning mean bro bear chance is coming again, tomorrow open market all counter in KLSE will be in red. lol
kradun
post Oct 19 2014, 08:59 PM

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QUOTE(jolokia @ Oct 19 2014, 08:42 PM)
Holiday is pressure day for him, need to come out with 101 excuses not buying property for wedding, Working days is pleasure day for him, can wish KLSE tumbled so that some owner will let go their Green Terrain to him at 450K, but no use also he only have 10K saving for down payment, got chansi also no monee to pay earnest deposit. .sigh

Bear2 says he don't mind burn another 100K next year woh ! what to do no money got dead chicken also no monee to pick up..cham.. doh.gif

Nowadays iceman kelian also, just graduated but not yet found permanent job, he now work as part time waiter, that why off & on post food photo that he served, lucky can pick up some leftovers after function, Money earned from selling property last year dump in to 8X profit NYSE share burned overnight. ...haizz
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burn 100k now can start saving and get it back after 3-4years of hard work..
kradun
post Oct 22 2014, 12:14 AM

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QUOTE(bearbearwong @ Oct 21 2014, 10:05 PM)
miss one word, nobody has "yet", if you are one of the investor and hold a year and more already like amaya, do you forsee that prices will double up and wait for the said?

I think disposing it cheaper and get the cash to reinvest in more modern, newer features will be better. in property, once you were bought at lower price, the limit is always there, newer properties has a higher limits isn't
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So the property price trend only got 1 option la? If the price did not go up double, confirm discount from current price ar? Be realistic a bit, it just constantly go up 4-5% every year already enough to eat up ur big portion of saving. On and on got people willing to sell cheaper than your so called "reasonable market price", no need to wait for every1 also selling the same cheaper price. As long our government don't keep pushing the concept of homeownership we will be pretty safe although have to fork out a big premium to own property in KL. Every1 own a home is just an ideal concept that not going to happen, harder it push to that direction, more not educated subprime loan applicants will board the ship.
kradun
post Oct 22 2014, 12:37 AM

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Even Prof Oswald also said high home ownership is not a good thing to economy, I guess he refer to affordability issue is a good thing as long not go too extreme.

QUOTE
High levels of home ownership are strongly linked to subsequent rises in unemployment because labour mobility becomes reduced, according to new research.

Using data going back to 1950 across all US states except Alaska and Hawaii, Warwick University economics professor Andrew Oswald finds that the lag from ownership levels to unemployment rates can take up to five years to show up.

But he said the linkage, established using data on millions of randomly sampled Americans, was extraordinarily robust.

Doubling home ownership in a state can lead to more than a doubling of the jobless rate.

"I have become convinced that by boosting home ownership we have ruined our labour market," Oswald said.

He conducted his research with David Blanchflower, a professor of economics at Dartmouth College, New Hampshire, who used to be a member of the Bank of England's Monetary Policy Committee.

Oswald said the research may go some way to explaining why Spain, with a home ownership rate of 80%, has unemployment above 25%, whereas Switzerland, with a 30% ownership rate, has a jobless rate of just 3%.

Germany, another nation of renters rather than home owners, also has relatively low unemployment.

Studies carried out independently by a Finnish researcher produced similar findings for the Nordic nation, Oswald said.

Home ownership unwittingly impairs the labour market by deterring people from moving in search of work, a process that is time-consuming and expensive; long commuting times might also discourage a householder from taking a particular job, his research suggests.

Another theory is that home owners are opposed to new businesses opening up in their neighbourhoods – a phenomenon known in Britain as NIMBY, or Not In My Back Yard.

"This suggests that, without politicians being aware of it, high home ownership may slowly erode a country's industrial base," Oswald wrote in a paper for Warwick University and Chatham House, a London think tank.

He said his statistical correlations should be deeply worrying for politicians in those countries that have promoted home ownership through tax breaks and subsidised mortgages.

Britain is due to expand one such home-loan scheme, called Help to Buy, at the start of next year.

"In Britain we have incredibly cheap mortgages and we're giving help-to-buy inducements on top of that in a world where house prices are already rising far above the rate of inflation that the Bank of England says it wants. It's unbelievably illogical," Oswald said. – Reuters, November 1, 2013.
- See more at: http://www.themalaysianinsider.com/busines...h.6Nx171bs.dpuf
kradun
post Oct 22 2014, 09:36 AM

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QUOTE(bearbearwong @ Oct 22 2014, 09:19 AM)
please do, of course there are ppl like this, to expect most of them are say 70% kind of hard to do so.. some areas in kajang really seeing price softening, like from 795k to 780k, then 760k... let see whether got fishing or not..

some areas like bangi avenue has been seeing post like 510k everyday some 500k some 490k... and of course TTDI kajang were maintained at 650k to 700k DSL, unmoved, vped quite long and etc.. wondering how will setia echo hill and it counter part do.. it is further up away
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Baseless assumption of 100% flippers and 70% of them no holding power. Dont you think vped long time ago without plenty of fire sales already more than enough to justify both assumption u make also wrong?
kradun
post Oct 22 2014, 09:43 AM

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QUOTE(bearbearwong @ Oct 22 2014, 09:34 AM)
to buyers, no need to rush, so called increased GST for sub sales property are not applicable one, if they do, that is the agents and owner game, can sell now waiting for wat..

look at BTS projects, like sg long, how many units you want in sg long 2.5 storey 998k, still many.. BTS package like this will deter investors, coz they know developers price launched will be the ceiling price for the next 5 years above..

now we see the max price? those areas they do not dare to go...
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This price more likely targeted upgrader / middle income earner, not target for any ah chong, muthu & ali to buy for it. After GST everything also go up why do the house owner die die must hold the same or lower price? When majority also ask for higher price u think they want to sell u cheap ar?
kradun
post Oct 22 2014, 09:52 AM

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QUOTE(bearbearwong @ Oct 22 2014, 09:42 AM)
then how much are these strong holding powers? strong holding powers are not investors meh?/

low transaction clearly shows there are no demands for properties right or not? with this, how price will go up again? self call price up?? just that no fail investors sharing their story,

as explained, there are ceiling prices for those 300-400k chips upon up.. at least for the next 5 years to come... with ceiling prices, you need to service the loans and maintenance, more years a strong holding power investors servicing these, less profit margin it will get, at the price of say 550k one still cannot sell, still strong holding powers investors want to hold another 5 years to sell at 700k above? 550k not doing well, sell 700k would do better? and risk it by paying more loans and maintenance, by 5 years new launches already how many launched and completed, not to forgotten that investors units are getting old... buyers tends to buy newly vp /new launches units..

holding it longer if it does /cans ell higher price also ok, at least they are credit locked and lesser completion

haven't these been explained off
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This is very logic and applicable if that is their strategy but what you see now is "don't have firesales despite profit of margin getting lower even vped over a year". Some lcly 1 don't even want to entertain you when you are just merely ask for RM5k discount.
kradun
post Oct 22 2014, 10:55 PM

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QUOTE(bearbearwong @ Oct 22 2014, 10:35 PM)
JOlokia learn new thing from you, property market do not need supply and demand, the supplier will increase whatever price they want , and buyer are left with no choice but to buy..

wondering why still got suppliers/dealers wound up and close shop? supplier call price too high.. it just the same with business isn't, no demands still increase price? new thing we learn but only for property..
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They did not increase price whatever they want la, just slightly only ma, don't simply said like OUG parkland RM10mil now also people buy ma.. Transactions down a bit after cooling measure, u said like zero transaction no body buy house nowadays, just got thunder u already see whole Klang Valley in flood ar?
kradun
post Oct 22 2014, 11:47 PM

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QUOTE(bearbearwong @ Oct 22 2014, 10:59 PM)
izzit? cooling measures was last year 2013 my friend... choose whatever you wanted to believe, big 4 of law firms handling these sub sales already faced slowdown 3 months ago and counting, business was bad..

btw how was the example I shown this morning? works just fine to time investors?

btw, where have you invested? can share the project with US?
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I do not buy for invest, just buy for own stay.. I willing to compromise, so I just studio apartment less than 500sqft as my home..
kradun
post Oct 22 2014, 11:58 PM

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QUOTE(bearbearwong @ Oct 22 2014, 11:50 PM)
oh, different preception i see, 500sq studio.. hmm scott garden? duplex units, can get below 500k..now
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I bought early this year Feb, then wait wait wait end of jun only got my key.. My choice of units are all those properties below 350k, don't 1 to burden myself so much.. If not because of my wife, I buy Flora Damansara already, because I need to relocate to northern PJ for daily convenient..
kradun
post Oct 23 2014, 12:20 AM

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QUOTE(bearbearwong @ Oct 23 2014, 12:05 AM)
oh I see, well good for you, you got a property to live on.. well to be honest, my office lawyers of 6 years practice, simply can get around 7-8 at least not including extra income, husband petronas contract workers, average around 15k to 18k salary monthly..but dunno for how long

but stay in 550sq too, in Malays areas flat bought 100, renovated nicely like new one and stay, and 5 floors walked apartments too.

only bought new launch for 200k less in batu cave believe already vp, now looking for another condo below 400k and close deal..

but the way you speech sounds different,
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I never speech different wor.. All this while I just look at those property price at below RM350k.. Price already this low more likely for it to go up instead of go down, even at turtle speed.. In future want rent out cheap also can cover by top up a bit, no need to jump from 14th floor, many people can afford to rent..
kradun
post Oct 23 2014, 09:43 PM

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QUOTE(tnang @ Oct 23 2014, 08:09 PM)
Only problem is born at wrong time
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Not necessary also.. May b later house price uuu to another high that make people feel the price now is so cheap leh..
kradun
post Oct 24 2014, 09:06 AM

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QUOTE(bcpbeancounter @ Oct 24 2014, 08:43 AM)
Now many people buy for kids. Not sure you aware of this.
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I also buy for not yet born kids ma, although my wife not even pregnant yet.. Cannot like those taikor buy few expansive props in 1 go, but still able to afford for few apartmens..
kradun
post Oct 27 2014, 09:14 AM

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QUOTE(bearbearwong @ Oct 27 2014, 08:49 AM)
I am alwayls ready... looks like more property will remain vacant... after this

very well, within category, only hope is upgrading folks to take on the 500k to 800k section..

Malaysia are very weak, still cant breach 1 million section not even that 800k also cant... be it landed or highrise..

I m pretty sure you are below 10k category , your property is 250k too right? but now become 600k?

WHEN middle income professionals are unable to afford their own home based on a single income and have to team up with either a spouse or another person to qualify for a mortgage loan, then it is a sign that the unaffordability of our housing market has become critical.

nah I didnt say one, CHnag say one affordability is critical, and middle class professional.. rclxms.gif

“severely unaffordable”, even more out of reach than residents in Singapore, Japan and the United States.
in which Singapore is suffering correction, Usa property bubble

I am sure some joes will say do not over rely on the news, reality, is under table cases are not many, but undeclared income are a lot, damm alot
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Jolokia just point out fall under 10k income category dont go dream to buy anything exceed 360k property. U see u have go beyond that by double up the target price? In this case buy oug parkland is already consider financially stress, if buy 700k is totally consider fall under category of subprime applicant.

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