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

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tnang
post Nov 23 2014, 11:24 AM

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QUOTE(bearbearwong @ Nov 23 2014, 08:58 AM)
facts.. delayed di what.. but good deals still buy.. friends advise, buy before GST or few months after GST , what say you?
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Bearbear if you buy before gst, 2 uuu kena tiok
icemanfx
post Nov 23 2014, 11:27 AM

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QUOTE(jolokia @ Nov 23 2014, 10:38 AM)
Part time or even full time Ice Cream stall assistant wages has always been extremely slow growth, in fact the entire F & B industry wages is among the lowest, as there is huge competition both in business as well as supply of low skills workers which can easily replaced by foreign labour which only ask for half the wages of locals.

A single property change hand even cheapest one is enough for 10 years wages for a ice cream store assistant 10 years wages with 8 hours X 28 working days plus overtime when needed.

SiGH..  cry.gif
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Then where do you find new entrants to property market?

tnang
post Nov 23 2014, 11:29 AM

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QUOTE(bearbearwong @ Nov 23 2014, 09:21 AM)
ask all bank tutup paip, loan dun simply give and increase BLR.. no body buy only loan servicing, when household debt fell then fast reduce BLR or buyers opt for fixed rate
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Bad time more difficult to buy, yes, bank tutup paip.
gunplakk
post Nov 23 2014, 11:30 AM

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QUOTE(icemanfx @ Nov 23 2014, 10:46 AM)
Typical development takes 2 to 4 years to VP, developers have already included gst in projects that VP in 2015 and later.

More likely some developers will advertise for no gst price increase after April 2015.
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so if thats the case, we should wait it out.... since the price is reflective of GST. Planned vs Actuals are never the same... Developer price are on planning basis. Therefore, post actual GST implementation, if the actuals were indeed lower, your prices going into 2016 would be lower.
Jliew168
post Nov 23 2014, 11:34 AM

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QUOTE(icemanfx @ Nov 23 2014, 10:54 AM)
Rm1200 psf is reasonable?
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Yes..depend location

Baskin Robbin rm10 per scope reasonable? Why nestle 1 box only less than rm10?

Why still got people buy Haagen Dazs
SUSjolokia
post Nov 23 2014, 11:35 AM

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QUOTE(icemanfx @ Nov 23 2014, 11:27 AM)
Then where do you find new entrants to property market?
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Most definitely not from Ice Cream Stall Part Time Assistant.. LOL

Sub 5K are Govt business (that is if it materialize) knowing it flip more frequent than making roti canai.
Jliew168
post Nov 23 2014, 11:37 AM

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QUOTE(icemanfx @ Nov 23 2014, 10:46 AM)
Typical development takes 2 to 4 years to VP, developers have already included gst in projects that VP in 2015 and later.

More likely some developers will advertise for no gst price increase after April 2015.
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Yes and Bearbear can blow trumpet claim no price Increase while the price already factor in pre GST tongue.gif
icemanfx
post Nov 23 2014, 11:40 AM

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QUOTE(Jliew168 @ Nov 23 2014, 11:34 AM)
Yes..depend location

Baskin Robbin rm10 per scope reasonable? Why nestle 1 box only less than rm10?

Why still got people buy Haagen Dazs
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What about the studio you mentioned?

Btw, 1 box rm10 "ice cream" is made from palm oil not dairy milk, is not qualified to label as ice cream in the u.s. and e.u.

QUOTE(Jliew168 @ Nov 23 2014, 11:37 AM)
Yes and Bearbear can blow trumpet claim no price Increase while the price already factor in pre GST  tongue.gif
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As you are a supplier/contractor to the building industry, believe you know well developers costs and pricing.

QUOTE(jolokia @ Nov 23 2014, 11:35 AM)
Most definitely not from Ice Cream Stall Part Time Assistant.. LOL

Sub 5K are Govt business (that is if it materialize) knowing it flip more frequent than making roti canai.
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As 5k+ earners are more likely to buy new launch, will there be enough 5k+ earners left to take up vacant subsale units?


This post has been edited by icemanfx: Nov 23 2014, 11:47 AM
Jliew168
post Nov 23 2014, 11:52 AM

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QUOTE(icemanfx @ Nov 23 2014, 11:40 AM)
What about the studio you mentioned?

Btw, 1 box rm10 "ice cream" is made from palm oil not dairy milk, is not qualified to label as ice cream in the u.s. and e.u.

Both will have its own market...normal will take nestle , richer does not mind pay more for haven Dazs  but also can eat nestle

Middle class will buy something in range 400k -800k , while super rich might not stay in this range property instead more than mil only can consider home, ultra rich minimum can consider liveable might be more than 10mil above...each segment will have own market

Bearbear is Middle class, if stay in low cost flat very malu lah






As you are a supplier/contractor to the building industry, believe you know well developers costs and pricing.

- I think u mistake..I never mention I am in building industry [COLOR=blue]

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SUSjolokia
post Nov 23 2014, 12:06 PM

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QUOTE(icemanfx @ Nov 23 2014, 11:40 AM)
What about the studio you mentioned?

Btw, 1 box rm10 "ice cream" is made from palm oil not dairy milk, is not qualified to label as ice cream in the u.s. and e.u.
As you are a supplier/contractor to the building industry, believe you know well developers costs and pricing.
As 5k+ earners are more likely to buy new launch, will there be enough 5k+ earners left to take up vacant subsale units?
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Most Asian had some degree of lactose intolerance, so too much dairy probably cause them upset stomach.

Buying new launch or secondary depends on one requirements, some need house fast some can wait, some prefer fully build house compare to take risk on abandoned project, some prefer matured location with full amenities, many reason some would ops for secondary.

In the matter of fact more transaction done are secondary compared to new launch if you read those quater or full year report.

This post has been edited by jolokia: Nov 23 2014, 12:08 PM
bcpbeancounter
post Nov 23 2014, 12:15 PM

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QUOTE(icemanfx @ Nov 23 2014, 10:22 AM)
Property is illiquid, asking price and transacted price could be a huge difference, and price takes a few years to bottom.

Construction cost I.e materials, labour, subcon profit, etc of typical condo is about rm150 PSF, impact of gst is marginal besides most of these building materials are already paying higher sales tax. If price will goes up because of gst, current asking price will already included the expected increments and up.
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Your property should be liquid la. Can move anytime to any bridge you like. tongue.gif
Rubbish comments.
bcpbeancounter
post Nov 23 2014, 12:18 PM

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QUOTE(jolokia @ Nov 23 2014, 12:06 PM)
Most Asian had some degree of lactose intolerance, so too much dairy probably cause them upset stomach.

Buying new launch or secondary depends on one requirements, some need house fast some can wait, some prefer fully build house compare to take risk on abandoned project, some prefer matured location with full amenities, many reason some would ops for secondary.

In the matter of fact more transaction done are secondary compared to new launch if you read those quater or full year report.
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Sub sales has its advantage. If buy a fully reno unit, in a way the reno costs are been financed too. For new VP unit, need at least 50k to move in with out reno, 100k to move in if wan simple reno. For bearbear at least 200k cash to reno since he so ai faci.
Jliew168
post Nov 23 2014, 12:25 PM

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QUOTE(bcpbeancounter @ Nov 23 2014, 12:18 PM)
Sub sales has its advantage. If buy a fully reno unit, in a way the reno costs are been financed too. For new VP unit, need at least 50k to move in with out reno, 100k to move in if wan simple reno. For bearbear at least 200k cash to reno since he so ai faci.
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Bearbea combine saving got 200k la....but that haven deduct for house deposit, stamp duty,renovation , dowry, wedding expenses, ang pow for chi mui and back up for coming soon baby Bearbear ..

Prima is best bet in my opinion
party
post Nov 23 2014, 12:27 PM

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I had to give my hats off to both student and BBW.

They seemed like professional and master in every fields/industries be it in theory or practical. Everything they said is correct cause they know everything in the world. whistling.gif
bcpbeancounter
post Nov 23 2014, 12:30 PM

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QUOTE(Jliew168 @ Nov 23 2014, 12:25 PM)
Bearbea combine saving got 200k la....but that haven deduct for house deposit, stamp duty,renovation , dowry, wedding expenses, ang pow for chi mui and back up for coming soon baby Bearbear ..

Prima is best bet in my opinion
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I told him these life challenging things few months ago. He wont listen one la. Buy a house for marry is just a small step. Many more obstacles waiting for him. He in a way is not related to property industry. Realy cant understand why he is so concern on the price up or down.

Prima is about 400k to 500k right, giving his 4k salary, a bit over stretch la...not that i dog eye him.

This post has been edited by bcpbeancounter: Nov 23 2014, 12:32 PM
SUSjolokia
post Nov 23 2014, 12:52 PM

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QUOTE(bcpbeancounter @ Nov 23 2014, 12:30 PM)
I told him these life challenging things few months ago. He wont listen one la. Buy a house for marry is just a small step. Many more obstacles waiting for him. He in a way is not related to property industry. Realy cant understand why he is so concern on the price up or down.

Prima is about 400k to 500k right, giving his 4k salary, a bit over stretch la...not that i dog eye him.
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PR1MA house ceiling price currently stand at 400K, seem like can apply 110% loan to cover legal, SnP & other misc fees.

But knowing daily changes policy one can't confirm till it really materialised, just look at the fuel price policy. doh.gif

Don't says i dog eye him again, less than 150K saving even combined lah ! Buy house, furnishings, reno, wedding spending where got enough knowing he often like to "pretending successful" .. laugh.gif

In fact u doubt GF will pay majority share on wedding, if she is dumb enough, her sister will also discourage her, Ah Bear on his own liao.




kradun
post Nov 23 2014, 01:08 PM

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QUOTE(jolokia @ Nov 23 2014, 12:52 PM)
PR1MA house ceiling price currently stand at 400K, seem like can apply 110% loan to cover legal, SnP & other misc fees.

But knowing daily changes policy one can't confirm till it really materialised, just look at the fuel price policy. doh.gif

Don't says i dog eye him again, less than 150K saving even combined lah ! Buy house, furnishings, reno, wedding spending where got enough knowing he often like to "pretending successful" .. laugh.gif

In fact u doubt GF will pay majority share on wedding, if she is dumb enough, her sister will also discourage her, Ah Bear on his own liao.
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Paying 30% downpayment to buy a studio almost intsantly use all this saving.. Dono why bear2 got chance to out of debt faster (since he claim he is highly paid) but will choose to be like those paying mortage for 30-35years tenure.. One thing for sure is take single loan with 70% dsr is definitely expose to higher risk compare to those holding multiple loans exceeded dsr70%.. Single loan dont have chance to rent out cheap to cover interest as that mean need to go back stay with pama..
AppreciativeMan
post Nov 23 2014, 02:09 PM

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U all still havnt understand bbw well ah??..... His money value is different from us la..... His money is bigger than "cow car wheel" mah...... 10k-50k is enough for him to do wonders already...... laugh.gif laugh.gif
ManutdGiggs
post Nov 23 2014, 02:09 PM

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QUOTE(party @ Nov 23 2014, 12:27 PM)
I had to give my hats off to both student and BBW.

They seemed like professional and master in every fields/industries be it in theory or practical. Everything they said is correct cause they know everything in the world. whistling.gif
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Ask Lord. They r same gang I guess. All oso dowsing but with diff motives.

https://m.facebook.com/lordjayel?refsrc=htt....com.my%2F&_rdr

When u hav prob, look for tis 3 musketeers. They 'll help solve the prob. But I stil prefer those former leaders. Eg. Jiao Lang tok down but buying non stop or DIM tok loud enuf telling whole world gold is best but disappeared after gold price went against him.

Quality of those leaders today r somehow disappointing cos repeating the same cow dung eday. Haiz. doh.gif

This post has been edited by ManutdGiggs: Nov 23 2014, 02:14 PM
SUScunt
post Nov 23 2014, 02:19 PM

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Conclusion of year 2014, bear bear wont buy in 2015 ? Why? So many bad news .

1. Petrol is floated in the market , petrol price up, developers wont decrease their selling price . Petrol price is floated higher, developers got 1000 excuses to increase their price.

2. GST is implemented soon, even though property is not charged GST, many costs in construction is charged GST. If developments come out new project, all extra costs will be factored in.

3. Loan interest up, bear bear can only downgrade his target from RM400 to RM300 even worse . Loan interest down, people with many cash will fork out to park under property,pushing price further up .

No matter bear bear still lose in the end, have to stay with daddy and mummy for the rest of his live. Even after he gets married (if he ever will), just have to be sandwiched between wife and parents . Sad to be bear bear .

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