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 Property Bubble Burst or Deflate ? V14 (发), Cherroy Most Forwarded Thread

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bearbearwong
post Nov 22 2014, 12:20 PM

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QUOTE(bcpbeancounter @ Nov 22 2014, 11:41 AM)
Ya i max stretch but hav CC limit more than 100k wo... you wan my lelong house?  I discount 50% worry you still cannot afford le....
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u worry 50% discount from asking price got ppl want or not first?
bearbearwong
post Nov 22 2014, 12:21 PM

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QUOTE(bcpbeancounter @ Nov 22 2014, 11:51 AM)
Another classic quote naive king!!!
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there are many buyers wish to be profited X +200k? so naive?
bearbearwong
post Nov 22 2014, 12:22 PM

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QUOTE(AppreciativeMan @ Nov 22 2014, 11:54 AM)
Max stretch needs courage..... more manly leh...... importantly a person takes action.... takes responsibilities of their life regardless success or failure.... they still deserve respect....  flex.gif  flex.gif

As for u....... scare this scare that.... buying one own stay house also so timid..... only talk no action.......  doh.gif  doh.gif

worst than a sissy lor.....  tongue.gif  tongue.gif
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guess courage burns off, AUCTION time is here... after 1 year VP, could be the fastest newly vp auction in hot areas
bearbearwong
post Nov 22 2014, 12:23 PM

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QUOTE(jolokia @ Nov 22 2014, 12:04 PM)
Previously he said Cloud Tree only need 5K deposit, since he already show he have 5K, don't wan owner to earn, don't want pay RPGT (though i donno why is he paying RPGT when never even have a house, morever selling one??) whats keeping him ?? Loan kena rejected by Bank ?? 4.5K nett income cannot get loan for 600K  ?? I thought he says he is professional with LLB can get 70% +10% loan base on his salary ??
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maybe bubble coming kot... u still on 4k salary, go ask banker..
bearbearwong
post Nov 22 2014, 12:24 PM

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QUOTE(ManutdGiggs @ Nov 22 2014, 12:06 PM)
Wateva project oso got auction. Pls find me one tat had no auction???

Just need to make sure u r not the unlucky one lo. Btw 500k budget or stil 700k. Or 300k by 2017???
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you mean after 1 year VP? in hot areas? loans not very low to service meh> last year u say wont be auction, coz velocity opening wor..
Showtime747
post Nov 22 2014, 12:28 PM

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QUOTE(bcpbeancounter @ Nov 22 2014, 11:48 AM)
Lu mai ki siao la....he where got gf? If your daughter wan to marry this kind of man....what you do?
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My daughter more clever than me. She will pick and choose. Nowadays the young women's eyes very sharp. I don't need to worry she will pick guys like bearbear
Showtime747
post Nov 22 2014, 12:31 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:12 PM)
government control maa..
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Just a few months back, you were disappointed by BNM and Ah Jib's government....you forgot liao ? They also control the price of property like cars.

Worse, the UXXO people around ah jib many are developers. You think they will let ah jib reduce the price ? tongue.gif
bearbearwong
post Nov 22 2014, 12:33 PM

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QUOTE(Showtime747 @ Nov 22 2014, 12:31 PM)
Just a few months back, you were disappointed by BNM and Ah Jib's government....you forgot liao ? They also control the price of property like cars.

Worse, the UXXO people around ah jib many are developers. You think they will let ah jib reduce the price ?  tongue.gif
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subsales wor.. developers sales (China too wont allow, but at the end give discounts lor)
bearbearwong
post Nov 22 2014, 12:34 PM

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QUOTE(Showtime747 @ Nov 22 2014, 12:28 PM)
My daughter more clever than me. She will pick and choose. Nowadays the young women's eyes very sharp. I don't need to worry she will pick guys like bearbear
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not simply can pick one, the one choosing needs to have certain quality too... like father like daughter, if father behave like this, haizzz
Showtime747
post Nov 22 2014, 12:34 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:13 PM)
wow big crowd, I support later in KLCC.. same old unsold unwanted properties
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bearbear don't go. Later you go the crowd become bigger, UUU take photo and post here. You indirectly supporting the property market

Market suppose to come down mah....you must do the awareness campaign here...
Showtime747
post Nov 22 2014, 12:36 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:34 PM)
not simply can pick one, the one choosing needs to have certain quality too... like father like daughter, if father behave like this, haizzz
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hahaha, you mean your gf quality so so only, that's why pick someone without a house ?
bearbearwong
post Nov 22 2014, 12:36 PM

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QUOTE(Showtime747 @ Nov 22 2014, 12:34 PM)
bearbear don't go. Later you go the crowd become bigger, UUU take photo and post here. You indirectly supporting the property market

Market suppose to come down mah....you must do the awareness campaign here...
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nvm go there walk walk only, if BBB take it good demand even without buying, cou8ld boost them to buy more.. and keep thinking demands are there
zuiko407
post Nov 22 2014, 12:38 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:13 PM)
wow big crowd, I support later in KLCC.. same old unsold unwanted properties
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Make sure you buy, otherwise I help your parent to kill u
bearbearwong
post Nov 22 2014, 12:39 PM

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OUG parklane very irritating... all also selling OUG below 400k.. search also difficult.. how good is the market when everyone is selling but no one is buying?
bearbearwong
post Nov 22 2014, 12:40 PM

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QUOTE(zuiko407 @ Nov 22 2014, 12:38 PM)
Make sure you buy, otherwise I help your parent to kill u
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bro, I am buying... dunno when
Showtime747
post Nov 22 2014, 12:50 PM

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QUOTE(prody @ Nov 22 2014, 11:07 AM)
UUU group doesn't like to do that.

They prefer to think in a simple way:
1: Any price goes up (petrol, electricity, food)
2: Property price goes up because people need more money to cover the items that went up under 1.

They basically think everybody has an infinite supply of money.  doh.gif
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It is not that simple, and you cannot see only from the demand side. You have to look at the supply side also

If the cost increase, there are 2 scenario :

1. Demand can swallow the cost increase
Developer will pass on the cost, and still make the same margin. They continue to build

2. Demand cannot swallow the cost increase
a. Developer can absorb the cost. Their margin is lesser. They continue to build. Try to save cost by giving lesser quality material
b. Developer cannot absorb the cost. This business is no more viable. They stop building


Depends on how a person view the market. Initially, business will try to increase price. They will test the water. So, price will still increase at the beginning stage. If they can't sell, then they will either absorb the cost (for developer's who is cost efficient) or stop building (for developer's who is not cost efficient)

At the end of the day, no matter which scenario 1, 2a or 2b, the losing side will be consumer in inflationary environment and when GST is implemented
Showtime747
post Nov 22 2014, 12:52 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:39 PM)
OUG parklane very irritating... all also selling OUG below 400k.. search also difficult.. how good is the market when everyone is selling but no one is buying?
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The fist few months after VP is like that one lah. You first time see meh ?
SUScunt
post Nov 22 2014, 12:52 PM

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QUOTE(Showtime747 @ Nov 22 2014, 12:50 PM)
It is not that simple, and you cannot see only from the demand side. You have to look at the supply side also

If the cost increase, there are 2 scenario :

1. Demand can swallow the cost increase
Developer will pass on the cost, and still make the same margin. They continue to build

2. Demand cannot swallow the cost increase
a. Developer can absorb the cost. Their margin is lesser. They continue to build. Try to save cost by giving lesser quality material
b. Developer cannot absorb the cost. This business is no more viable. They stop building
Depends on how a person view the market. Initially, business will try to increase price. They will test the water. So, price will still increase at the beginning stage. If they can't sell, then they will either absorb the cost (for developer's who is cost efficient) or stop building (for developer's who is not cost efficient) 

At the end of the day, no matter which scenario 1, 2a or 2b, the losing side will be consumer in inflationary environment and when GST is implemented
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thumbup.gif kids with little education and cannot afford to buy always dream of property crash.
ManutdGiggs
post Nov 22 2014, 12:58 PM

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QUOTE(bearbearwong @ Nov 22 2014, 12:24 PM)
you mean after 1 year VP? in hot areas? loans not very low to service meh>  last year u say wont be auction, coz velocity opening wor..
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After 20 yrs oso got auction. Imagine bear buy subsales but kantoi. Project vp 1970. So can auction boh bro bear???
icemanfx
post Nov 22 2014, 01:00 PM

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QUOTE(Showtime747 @ Nov 22 2014, 12:50 PM)
It is not that simple, and you cannot see only from the demand side. You have to look at the supply side also

If the cost increase, there are 2 scenario :

1. Demand can swallow the cost increase
Developer will pass on the cost, and still make the same margin. They continue to build

2. Demand cannot swallow the cost increase
a. Developer can absorb the cost. Their margin is lesser. They continue to build. Try to save cost by giving lesser quality material
b. Developer cannot absorb the cost. This business is no more viable. They stop building
Depends on how a person view the market. Initially, business will try to increase price. They will test the water. So, price will still increase at the beginning stage. If they can't sell, then they will either absorb the cost (for developer's who is cost efficient) or stop building (for developer's who is not cost efficient) 

At the end of the day, no matter which scenario 1, 2a or 2b, the losing side will be consumer in inflationary environment and when GST is implemented
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Projects launched recently are expected to VP in 2018, means more subsale are available and overhang is unavoidable.

Construction cost (i.e. building materails, labour, subcon profits) for typical condo is about rm150 psf. Any materials cost increased could easily absorbed by the developer. Further, commodities price is on the downward trend, expect cheaper raw materials in the next few years.

This post has been edited by icemanfx: Nov 22 2014, 01:29 PM

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