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 Property Bubble & Its Social Impact V13, LYN famous DDD Vs UUU Thread

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bearbearwong
post Nov 9 2014, 04:43 PM

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QUOTE(Jliew168 @ Nov 9 2014, 04:34 PM)
Demand is lesser and I agree on this point but price is not coming down...

GST, fuel price, construction cost, reduce of subsidies and inflation all contributing to price increase.

Everyone is looking to buy property. If sentiment not high u won't be here discussing property everyday. Almost every gathering with friend n family talking about property. The problem here is affordability.

As I advise u before , this is your first home n don't time market. Focus on afforability , convenience and location.
This because u buy for own stay, even the price increas 30% u won't sell. Up down 20-30% is insignificant value in 15 years.
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has nth to do with completed units and under con units

and due to affordability, transaction low and no one buys, means price peaking already , properties are very obvious targeting working class the 75% showtime say is not

I know dunno because there are choices that matches our affordability, that is why choose here there.. if we are the group can afford this only easy.. now choosing around.. some prices are really not worth it ..
bearbearwong
post Nov 9 2014, 04:46 PM

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QUOTE(HuiChyr @ Nov 9 2014, 04:32 PM)
That's the problem ... even in micro side ...location, convenience and affordability taken into account ... points to high price.
People can't help it but to speculate a bit ...even for own-stay.

Although I agree with your statement on own-stay purpose. The news and current scenario do point to over priced in property. BBW is not the only person thinking like that ... many ppl for own-stay are thinking the same. So the forward force is to deflate the price... Can't blame this ppl to take the chansy.
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really not me only... not huichyer market out there.. the investors themselves also found ridiculous themselves.. some successfully sell off their invested units now faced with same problem, park in all you have profited and debt bound

mere complain, and still buy is ok, now complain and no buy transaction low.. everyone is fear about next year , transaction should pick up before GST in mass .. but no..it never did
bearbearwong
post Nov 9 2014, 04:49 PM

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QUOTE(bcpbeancounter @ Nov 9 2014, 04:38 PM)
yes...i will continue to hold.
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this does not mirror most of the investors out there right or even most of them... the loan rejection case clearly shows that buyers are working class who got caught by DSR 70% and etc factors..

how not to say the prop out there are targetting working class
bearbearwong
post Nov 9 2014, 04:50 PM

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QUOTE(Jliew168 @ Nov 9 2014, 04:47 PM)
Look down on those people who line up there n those wear shirt pant n slipper ah....I don't know which sxhai tell u buy property must wear tie n suits.. brows.gif  doh.gif
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oh not me, my clients, dun small gas, can line and afford to buy not bad already
bearbearwong
post Nov 9 2014, 05:18 PM

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QUOTE(Showtime747 @ Nov 9 2014, 05:15 PM)
?? What is your comment ??

You just want to highlight my comment in red signifying your agreement ?  thumbup.gif
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to me it is like servicing a car, if got ppl offer to buy dying project why not..

say you hold bkt beruntung/semenyih/rawang , got ppl offer faifai sell, hold for what...
bearbearwong
post Nov 9 2014, 05:19 PM

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QUOTE(kradun @ Nov 9 2014, 05:13 PM)
Mayb buyer profile contributed to this result aswell, as this project launch in 2011 with early bird 3% disc but without dibs..  At that time if they look for max cocr then most of them will skip this kind of project..
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see even ownstay ppl also wanted to see potential increment and not "studpid feeling" buying new launch .. subsales
bearbearwong
post Nov 9 2014, 09:20 PM

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QUOTE(kradun @ Nov 9 2014, 05:27 PM)
Bro i buy that time is already consider expansive la.. I use over 300k to buy a studio get laughed by people is just expected result, earlier many advice me not to take it as they think too expansive liao, but now is even more expansive.. My only concern at that time is the money that i fork out, could get what kind of house in my preferred location, in term of size, convenient, comfort of living there.. Pocket not deep enough got to compromise on those that less useful on my next few years..
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chances are really thin for subsales of studio, at least selling 100k on top of ori purchase... long way to go..own stay no problem..
bearbearwong
post Nov 9 2014, 09:31 PM

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QUOTE(ChAOoz @ Nov 9 2014, 06:21 PM)
As long as thread like this exist, it is unlikely bubble will happen. As long as someone is pulling the break even the bull will be hesitant.

For the us subprime, there are very few consumer or laymen people that had predicted it. As for Malaysia case, i would say 3 out of 10 is predicting negative outlook for property, hence speculation and overheating are stopped there, the most is a very soft market with low demand moving forward.

Only as someone mentioned above, Malaysia is hit by a contagion economic crisis then yes we can be plunged into recession and possible due to job lost some unable to sustain the installment leading to market collapsed.

So for ddd must start digging and do some homework, look at china, look at europe and look into how QE affected regional property price and what could be the possible impact of its withdrawal. By our self unlikely our property will just go down like this unless government suddenly faced major losses that put us into very deep budget deficit and spooked investor confidence or possible riots etc etc.
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but property is not the only and main investment of a country, correction itself to property market need not require big recessions and etc.. it is shown in countries undergoing correction of property, i am only expecting 10 -20% correction from asking price..
bearbearwong
post Nov 9 2014, 09:43 PM

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QUOTE(Showtime747 @ Nov 9 2014, 09:34 PM)
bearbear, I am still waiting for you to start the prediction thread. I challenge you so many times already. If you no confidence, just tell me. I understand
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bro , actually 1 south, already dropped, first few transaction were tasted at 500k above, few months later after huayang launched 3 more projects just less than 200 meters and start piling, the owners throw price, transected at 450k bigger units, the piling shock the whole building.. glasses and etc

and constructions just started, not to mention dust, danger of cranes and etc, 3-4 years from now i.e 2018-2019, investors got to bare the risk.. and pay..

one of the successful owners informed, and the 6 highways and KTM tracks will be killing for night sleep..
bearbearwong
post Nov 9 2014, 09:53 PM

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QUOTE(bcpbeancounter @ Nov 9 2014, 09:48 PM)
like that you mah don buy lo. as simple as that!  whistling.gif
how about bkt serdang then? i know there are few new condo there
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this area, i do a little bit knowledge, must be the Sanderson isnt and its adjacent projects front and back..

very good, in my view, opposite is bukit jalil already, problem is if access road to bukit jalil is opend (IF) then this will be another leafz, rains and petals heat... otherwise gotta take the old access road really not good
bearbearwong
post Nov 9 2014, 10:04 PM

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QUOTE(jolokia @ Nov 9 2014, 09:56 PM)
Bear2 I suggest you come to One South then see you can hear the sound or not, though my self think Fortune Park & East Lake look nicer but I don't regards this area as noisy as you described, since I frequent pass by this area.

I know you interested in this project as probably the most you can afford, not as high density & as jam as OUG Parklane, somemore many shops nearby.

Hantam One South here would not prevent the price from going up.

Probably the only hinders here is leasehold status.

Some people prefer lived near city & main road some don't thats all.
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that fortune park and east lake is */Negroes nest... stay away..

as for one south, there are already uptake of Iranians.. one thing i found huayang windows are really tight.. if you stay high floor enough it would not be any effect...

for those siding the one south mall, sure not good, lay out bad, and cube and zeva will be constructing soon

for the side facing that nouvell hotel that is where the whole view is blocked as new block coming in.. piling just start,

on the other side gardenz that would be better.. also flexus and one more is constructing but finishing,

overall, this will be high dense if fully occupied, you calculate total units build you will know

i know youa re thinking along the lines like Setia walk like puchong one, but just differ

better chip would be almerin mall & could tree and alam damai condo, 500k entry
bearbearwong
post Nov 9 2014, 10:07 PM

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QUOTE(Showtime747 @ Nov 9 2014, 10:00 PM)
All DDD talk very panlai. When asked to put down some concrete numbers and timing, all telur kecut  doh.gif
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discussion... only.. not angry..

green terraine, whta happen to this project? seems price are illogical..

coz as of now, 1368sq is 600k, but 1468 is 630k and 1500sq is 650k... dunno what is wrong, maybe previous forumers like wybee78 is setting the price, so far really do not command those price... less one month going to a year , still many vacant..my friend still no enter house, dunno going to flip or not enough to do furnishing ..

remember amaya? is now selling 620k for 928sq , location(despite HTC) is much better..

This post has been edited by bearbearwong: Nov 9 2014, 10:08 PM
bearbearwong
post Nov 9 2014, 10:34 PM

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QUOTE(bcpbeancounter @ Nov 9 2014, 10:21 PM)
halo...do i see it correct? you are saying amaya better?! rclxub.gif
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location only given the velocity and etc..
bearbearwong
post Nov 9 2014, 10:35 PM

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QUOTE(jolokia @ Nov 9 2014, 10:34 PM)
If it does happend I will undercut when it reaches 8-18% so you got no chance to walap at 10-20% wakakaka
Fortune Park & East Lake mostly Middle Eastern lah, very few Negro, even got is those decent one, sometimes can see some sibeh chun ladies in families walk out brows.gif

Alam Damai see the peak hour traffic I straight run away.

Given a choice I prefer North then South KV, morning I can reach City Centre in half an hour & road are more systematic.
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har decent negroes, like sanderson lor... high class negro wor.. allowed to rent..
bearbearwong
post Nov 10 2014, 09:07 AM

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QUOTE(jolokia @ Nov 10 2014, 06:53 AM)
I think the most suffer group is like our kawan Ah Bear who is in his 30s but no saving, previously he enjoy life kaw2 & missed the chansi to walap zero entry DIBS stage, now when govt decide to "bulldozer" the market a bit no more dibs & developer ask for deposit, Ah Bear $Lui not enough, price already too high & he refused to downgrade to smaller unit, even if he agreed also GF no accepting.

Bear2 is like sandwich man, kiap in the middle..LOL

Ah Bear in dilemma, wedding getting closer, market didn't collapsed like he wish, no sign of correction either, he hopes for interest increase again dashed last friday, he push next hope for January again, time against him.

I predict Bear2 will buy next year at the highest peak, paying high interest, after he bought price kaboom down, interest keep on increase, Ah Bear lock with over priced property & can't disposed for next 10-20 years.

Imagined Ah Bear bought at 600K but market selling at 500K, Ah Bear camnot sell as he will to compensate bank, next year drop some more 450K, this is what people called subprime...kekekeke
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bro if with DIBS, rebate scheme where need savings.. one thing for sure I am telling cash in hand more both than 100k less than 200k, that leave us with choice and we need to choose with prudently

I see that the interest not increasing just maintain back the status quo.. getting worse in transaction, you know interest rates no need hide and run, it is definitely an increase next year..

this is going to feel stupid over 10-20 years, bro krandun do not seems to see it .. highest peak doubt.. next year ppl sure give discounts... say only service loan easy even capable, you see Amaya & GT 208, one year serviced, and rental zero.. tell me how? next year have to service too

this speculation has cause prices to end in awkward situations such as apartments selling more expensive than older landed properties, new condos selling more expensive than older landed.. all these because of speculation disproportionate

got question to ask these flippers/investors, how do they derive to their expected profit margin? coz before the 1st transaction banks will definitely not value it at X+200k(extra profit one or more) , agents?

the fear factor by agents/developers failed when bank refuse to play along, many fail trying to apply loans... and the Malaysian are already over stretch, not to mention we overpaid our vehicles (which I have yet) like Honda civic which cost 110k here, 68k other asia, and possibly 58k in US...
bearbearwong
post Nov 10 2014, 09:10 AM

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QUOTE(jolokia @ Nov 10 2014, 09:01 AM)
Including the one who sold too early last year, now holding petty amount of money go study, but money burned of quickly no choice but to work part time in ice cream stall earning sesame wages, very low possibility can afford another property in near future, so only hope is for market to collapsed, that is merely a dream which will vanish when the alarm clock ring, so is another day of suffering at ice cream stall..  cry.gif
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bro imigine, he disposed off and got extra cash and credit relief, if you are not being able to dispose off, service loans & maintenance, not the same money burn faster meh? sumore credit locked and many plans not moving...

many may say use 30% for installments, this could be well 1 of the properties, unless you have 1, which does not seems to boost the market that much.. after selling that, you are faced with the same speculation activity that you created
bearbearwong
post Nov 10 2014, 09:28 AM

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PROPERTY CURBS: Which should stay & which should go?

Full article: http://www.malaysia-chronicle.com/index.ph...3#ixzz3IgWxvgyq
Follow us: @MsiaChronicle on Twitter



http://www.malaysia-chronicle.com/index.ph...3#axzz3IgWRncKR

This post has been edited by bearbearwong: Nov 10 2014, 09:29 AM
bearbearwong
post Nov 10 2014, 01:15 PM

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QUOTE(AppreciativeMan @ Nov 10 2014, 12:21 PM)
A news or article.... after reading... different ppl can come out with different conclusion.... u dont kno??....  sweat.gif  sweat.gif

Your conclusion is not my conclusion..... and definitely not bbw conclusion too...  whistling.gif  whistling.gif
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yup but the subsales price, occupancy rates are consensus among buyers out there, that is why the low transaction right?
bearbearwong
post Nov 10 2014, 01:29 PM

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QUOTE(HuiChyr @ Nov 10 2014, 01:22 PM)
You compare those example to predicting the market ah????
Those are related one's own effort when to do thing while the market is the action of the mass (not own action) at a certain time.

It's like you ask me to predict when the next time you need go toilet to pee. Then I tell...dont ask me to predict the timing bla bla bla...bcoz it is bullsh!t. If i'm good at predicting, I might as well predict 4 digit toto.

Want to give anology also guna otak la ....  doh.gif
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they have alwayls been like this
bearbearwong
post Nov 10 2014, 03:04 PM

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QUOTE(ykit_88 @ Nov 10 2014, 02:14 PM)
Bro BBW very geng one. Setia alam damn ulu, maluri baru centre.  drool.gif
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ei, kid, u made analogy like this one wor.. I from sabak bernam to Kl, of course setia alam is nearer, later you say your aprents stayin and you are not travelling... what is the relevance bringing sabak bernam in?

what is next? i stay in kedah, kedah to Kl of course sabak bernam nearer right? but you not travelling maa..

sabak bernam there got old town & paparich or nto? I check their websites, did not see any... important this got full or not?

should be gauging the ppl spending in these cafes to buy properties power, that is not correct, to go step further, old town food can cost RM20 per person , what is next, mamak also charging those, does this give rise 800k properties being bought?

if what you analogy is correct, why need time to rebut over here, should be busy entertaining buyers, since so many mamak, old town, paparich full house

these big taikors can buy here, buy there, you follow their herd buy 1 get credit stuck.. if the project so good, why need to give discounts, rebates and etc, ask 10% DP flat, like good view heights one shot ask 74k DP , finihs 6 months later, or D impiana bandar tasik selatan 450k starting service apartment near LRT and MRT, but no discounts/rebates straight 45k, with rebates and etc, it is bound to be an investors ground, look at high rise in KL vacant more than 1 year still with less than 30% occupancy including renters some even worse, they are not outskirt or what not..

the bigger herd you follow they already have a very good residential props in hand, all the buying for outskirt are investment, and they choose only low entry ones despite how rich they are, try ask 10% DP, they will flock away.. they know the best how the market goes..

you are struggling to pay loans installments and maintenance, and sumo roe need to accommodate the lifestyle there in out tolls, no shops except setia alam mall, every roti? every sushi there also cannot tahan ( even got money)...

if you find it struggling to do so, on servicing loans and maintenance, you are hoping buyers to take on a bigger debt i.e 400k + your 300k expected profit debt...

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