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

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icemanfx
post Nov 13 2014, 07:33 PM

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QUOTE(Jliew168 @ Nov 13 2014, 06:48 PM)
I promise Bearbear la if he still cant get his apartment 4 years later I sell him cheaper a bit la...always talk bad about midfield price also won't drop ga la..

By the way next month or January I got 2 condo expecting VP , one is mirage cyberjaya ( facing putrajaya lake)and another 1 is the capers sentul East ( facing klcc)
Both unit also more than 1450 sq ft...if Bearbear want I sell him cheaper or rent him cheaper la...I bought more than 800k each unit last time
Agent told me can fetch 900 psf but I not so naive believe la. Perhaps Bearbear u can google n see what the market price since  Bearbear is so informative..I only give special discount to Bearbear  tongue.gif

Agent already call me every morning but I don't have time to renovate yet..may be keep until after Chinese New Year.
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If syndicates agents don't call often to convince the herd high price and strong demand, how could syndicate offload their units?


icemanfx
post Nov 14 2014, 12:01 AM

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Before 97 financial crisis, every stock punter thought they were gold finger, could turn stone into gold. Likewise for current flippers.

icemanfx
post Nov 14 2014, 10:42 AM

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QUOTE(Showtime747 @ Nov 14 2014, 10:01 AM)
Despite never before happened for the past 40 years in malaysian property history, the DDD thought they were the great Nostradamus who see a great property crash coming and would turn all buildings back into stone
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Thought this was quoted by UUU a few days ago;
"Past Performance Is Not an Indication of Future Results"

icemanfx
post Nov 14 2014, 10:17 PM

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QUOTE(bcpbeancounter @ Nov 14 2014, 04:47 AM)
Before your mother meet your father kahwin. She tot that she will hav a genious child, mana tao....
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Hope you are not talking about your own children.

icemanfx
post Nov 14 2014, 10:27 PM

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QUOTE(Jliew168 @ Nov 14 2014, 06:44 PM)
user posted image



icemanfx
post Nov 16 2014, 12:23 AM

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QUOTE(edyek @ Nov 15 2014, 10:52 PM)
If they want to buy land, I can advise from my own experience lah... This one sure no problem one.
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How many piece of land is available in bukit ceylon? how much psf?

icemanfx
post Nov 16 2014, 12:54 AM

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According to a recent study in the U.S;

If annual rental is 5% or less of the property price is a poor investment.

Those borrower need over 20 years loan tenure are over stretched.

icemanfx
post Nov 16 2014, 01:03 AM

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QUOTE(zuiko407 @ Nov 16 2014, 01:00 AM)
Why you still lepak in property thread if no interested in property?
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Studying herd behaviour.

icemanfx
post Nov 16 2014, 10:23 AM

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QUOTE(zuiko407 @ Nov 16 2014, 01:14 AM)
You really thought people are stupid! We all knew what u want and what's your situation.
Keep hiding under student identity ya.
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People are not stupid but irrational.


icemanfx
post Nov 16 2014, 11:47 AM

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QUOTE(party @ Nov 16 2014, 02:03 AM)
Then those ppl in China, HK, Japan, S.Korea, Singapore, Aus, and U.S, and basically alot more countries are over streched...They should have die long time ago.

Oh wait...prof only study front news..never researched more deeply.
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QUOTE(**** @ Nov 16 2014, 03:40 AM)
Bear Bear Fails to see the points shown as below :

1. Compared to Westerner, Asians especially in general has huge amount of savings . Asian Parents like Malaysia could easily chip in to help their children to secure s shelter . Western people are total different . Bear Bear with overseas education should be more ware of that .

2. In Malaysia, there was never a property bubble . Malaysia is a relatively young country with high percentage of young population .Land is getting lesser is strategic areas. Over 20 years , freehold properties have tripled on average. The population is still growing .
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May be you like to find out;
how many times property price have crashed in land scarce hk and singapore in the last 30 years.
how many years property price has been depressed in land scare japan.
how much property price has moved in the u.s since 2005.
current property market in 2nd and 3rd tier chinese cities.

Don't know whether uuu consider;
co-operatives crisis that resulted host of abandoned projects (and subsequent property price dropped) a property crisis?
abandoned duta hyatt hotel project at jalan ampang/sultan ismail junction the remain of collateral property crisis?

So called huge saving include epf. if individuals saving (i.e cash, saving, stock or any liquid assets) is huge, developers didn't need dibs, low entry cost, etc to move property.

There is no doubt every parents have some saving, most are their retirement fund. If parents have excessive saving, most would have upgrade to a better house, bought a 2nd property for rental income. Counting parents retirement funds as a contingency is family crisis in the making.

Bubble never happen previously doesn't mean will never happen currently or in the future. Most economic crisis (e.g. dotcom, subprime, tulips, kv property) occur because people thought it will never happen.

QUOTE(**** @ Nov 16 2014, 03:10 AM)
Even if the properties of such countries drop till 1/10 of it market value, i bet the likes of iceman and bear bear cannot afford to buy that. whistling.gif
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If you can't afford to buy overseas property doesn't mean others can't afford.

QUOTE(jolokia @ Nov 16 2014, 10:35 AM)
Off load properties too early last year, now can't afford to re enter market with AIs krim potong profit, need to work as part time crew member at Ice Cream Stall..

Now that's not irrational but plain stupidity.
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If one find overloaded boat will not survive stormy weather ahead, shouldn't he de board early at the port? kv property is not the only investment opportunity available.

icemanfx
post Nov 16 2014, 01:38 PM

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QUOTE(party @ Nov 16 2014, 12:06 PM)
Lazy to reply every point so just answer u 1 point.

Go check Japan depressed house price and need how many years to clear off then come back. Google aint going to help you that much if you can't read japanese.
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Don't believe you are lazy but couldn't face the fact including japan property price.

icemanfx
post Nov 16 2014, 02:02 PM

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QUOTE(Showtime747 @ Nov 16 2014, 01:46 PM)
If he thinks 2015 price drop will start, buying in 2015 is the dumbest thing to do !

DDD has been waiting for the moment for years, but he straight away buy at the start of the decline. A person cannot be dumber than that  doh.gif
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If he wish, there is nothing to stop and not wrong for him to defer his purchase.

QUOTE(**** @ Nov 16 2014, 01:49 PM)
He no buy is better, we need to have this kind of people so that they rent houses for their rest of lives .  drool.gif
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Except students and foreigners, as most tenants could afford to buy new unit with low entry cost, there will be a surplus of property for rent. expect residential rental yield to drop below 3%.

icemanfx
post Nov 16 2014, 02:48 PM

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QUOTE(bearbearwong @ Nov 16 2014, 02:35 PM)
Given what is happening in the bond market, opr rate rise could be earlier and more than expected.

icemanfx
post Nov 16 2014, 04:54 PM

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QUOTE(party @ Nov 16 2014, 04:15 PM)
Student and BBW will still say drop. They refuse to accept the reality they can't buy even drop 3% but keep saying crash crash and property market takes years to bottom down.

They still dreaming let them dream liao. Even US, UK property picking up back but they keep saying history crash  crash.
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Guess you didn't know uuu have been shooting me for advocating buying property in the u.s and u.k. is better investment than k.v.

QUOTE(Tigerr @ Nov 16 2014, 04:21 PM)
You want to bet or not? If bet. I bet no opr increase before june. We bet a ice cream treat, ok?
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1 or 2 scoop?

icemanfx
post Nov 16 2014, 05:30 PM

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QUOTE(party @ Nov 16 2014, 05:15 PM)
Did you buy?

You miss my point? My point is that BBW and you even if prop price really crash like you 2 predicted you 2 would not buy and only when price up back then you realize but its late. Btw..price in US and Uk already pick up quite sometime ago only then you supported which kinda provce my points  whistling.gif
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Do you believe a student aka ice cream boy have bought in the u.k or u.s?

Yes, i am aware of property price in particular area (especially for tigerr) in the u.s and u.k. hence, i believe property investment there is better than kv.

This post has been edited by icemanfx: Nov 16 2014, 05:31 PM
icemanfx
post Nov 16 2014, 06:06 PM

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QUOTE(Tigerr @ Nov 16 2014, 05:43 PM)
Show me the title of your property in uk or US. I ll go there look see if I can get your neighbour unit. U got any title to show?
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Perhaps you should show proof of fund before i introduce r.e agent to you.

icemanfx
post Nov 16 2014, 07:16 PM

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QUOTE(zuiko407 @ Nov 16 2014, 06:24 PM)
Don't bluff la, if tomorrow gold price bounced to USD1800 per ounce, I'm sure u will telling us made tonne of money from gold rather than KV property
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Nope, gold price won't rebouce to us$1800 for a long long time.

QUOTE(bcpbeancounter @ Nov 16 2014, 06:31 PM)
Wah....you still dare to say uk and us prop better than KV.
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KV property is not the only investment opportunity available.

QUOTE(Tigerr @ Nov 16 2014, 06:35 PM)
En. Ais kirim. 1st is I going to buy with loans n not cash purchase. Why need to show u funds???

2nd, introduce RE agent? Not showing your title meh? U dont have property there meh? Or u r one of those who cant afford to buy as like u said??? Got property in uk n US or not jek???
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Guess you haven't bought overseas property before and have little liquidity. Without proof of fund, few re agents will entertain you.

I am flattered that you believe student have overseas property. What flavour ice cream you like? 1 or 2 scoop?

icemanfx
post Nov 17 2014, 02:59 PM

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QUOTE(Tigerr @ Nov 17 2014, 02:33 PM)
Then. Show us your EA form lor
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You should set example to show your ea form, title, proof of fund, etc before asking others.


icemanfx
post Nov 17 2014, 05:13 PM

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QUOTE(Showtime747 @ Nov 17 2014, 02:40 PM)
Definitely will affect malaysia

Remember last time USA in crisis, they also start their QE1, QE2, QE unlimited ?

Then it affected malaysia and the whole world. But I don't mind Japan (China and Euro zone too) do the same thing to us  tongue.gif

QE is like steriod. We know it is bad. But everybody loves it (except maybe DDD) tongue.gif

Hope this round the DDD will not regret 5-6 years later they miss the boat AGAIN like in 2009 !!
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QUOTE(jolokia @ Nov 17 2014, 02:54 PM)
Japan recession, they developer come to Singapore & Malaysia to built property, so new price benchmark.  thumbup.gif

http://www.skyscrapercity.com/showthread.php?p=118168026
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If kv property is half as good as uuu hope; epf, hedge funds, etc would have bought property stocks and property stocks would outperformed all other stocks.

icemanfx
post Nov 17 2014, 05:43 PM

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QUOTE(jolokia @ Nov 17 2014, 05:32 PM)
Ice Cream Boy, EPF bought 5% stake in UOA REIT you know or not ?  shakehead.gif

http://www.thesundaily.my/news/963511

http://www.mole.my/content/epf-property-in...ed-expectations

Teach you so much thing, remember you own me 1 Flavor of the month Chocolate Coconut Flan ah...  tongue.gif
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Guess you missed out your link showed; epf is diversified to overseas property market.

QUOTE(Showtime747 @ Nov 17 2014, 05:35 PM)
Just not too long ago, you claim the property developer company all making obscene gross profit margin like 300% (cost of construction RM150 psf, Selling RM500 psf). That's why the property price is jacked up by these unscrupulous business which make tonnes of money.

You got to make up your mind whether property development companies' GP margin is good or not  rclxub.gif

Don't simply claim 1 thing today, then tomorrow claim the opposite leh. Shoot yourself in the foot ?  tongue.gif
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Believe rm150 psf construction cost is still valid.

jliew is a supplier/contractor to building industry, you can ask him for the number.


This post has been edited by icemanfx: Nov 17 2014, 05:53 PM

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