QUOTE(Showtime747 @ Nov 19 2014, 10:08 PM)
I told you at any point in time, there are bad news which lead DDD to think the market is going to crash. Subprime, Euro crisis, malaysia MNC closed factories and move out of malaysia, malaysia oil price up to RM2.70 etc etc. All these happened for the past 5-6 years. But property price still high up there
If you really want to see property crash, you have to expect economic crisis like Asian Currency Crisis in 1997/98.
Even crisis happen, only bad property will drop price. Good ones will not be affected much. In 97/98, the effect on price drop is not like 50%. So, your dream house may not be within your reach.
In 1997 crisis, the bubble was the stock market and property was a collateral damage. However, current bubble is property market.
QUOTE(jolokia @ Nov 19 2014, 11:11 PM)
40K buy what ? OUG Parklane cheapesr unit 10% DP already gone lah, legal fees, SnP, Stamp Duty, Some Misc, Renovation, furnishings, Weeding expenses ?
Means flippers will have to hold for long before they could find buyer.
QUOTE(**** @ Nov 20 2014, 12:29 AM)
Aiyo, 300k property , how can stay one ?
1. No luxurious feel.
2. No Facilities to enjoy
3. Not secured.
4. No face to show off among friends
5. Not convenient for travelling ( close to LRT , Mall , whatever crap)
Every malaysian chinese wants the characteristics above plus, no High Tension Cable, New property . How can the property price not high ?
More like gen y, flippers in particular, they ignored older property and bought only contemporary lifestyle property.