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> Multiple Signs of Malaysia Property Bubble V19

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axisresidence17
post Jun 10 2016, 12:09 AM

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Asking prices still remain high though
axisresidence17
post Jun 16 2016, 10:45 PM

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Asking rental r going down! Lots more high end property on auctions and a worldwide fear of looming recession!
axisresidence17
post Jun 21 2016, 04:59 PM

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QUOTE(forever1979 @ Jun 18 2016, 07:25 AM)
its depends on case to case one. of course u can try, no harm if rejected. u can always increase the price.

i got 1 house, market value RM620K. I put for sale RM600K nego. got 1 direct buyer, not seeing the house but offered RM520K. i declined and say' i can wait'. because the house is rented out. so end up no body losing, because i am renting RM1500, installment & security fee RM1800. He can go for other properties.
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So you hv to top up at least 300 every month? Thats hard!
axisresidence17
post Jun 22 2016, 06:06 AM

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QUOTE(forever1979 @ Jun 22 2016, 05:20 AM)
ur property rental can fully cover ur instalment ?

it is tough for landed.

i find it okay because if can cover, why the tenant dont just buy themselve.
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More than enough if I rent it out.

I guessed the new buyer would have to top up a lot more than if he planned to rent it out too..
axisresidence17
post Jul 1 2016, 09:01 AM

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QUOTE(Showtime747 @ Jul 1 2016, 07:22 AM)
The numbers icemanfx linked is from Napic, a government department which records all actual transacted property sale. It is not a number from Iproperty which seller can put rediculous price

Ie. It is the average price in reality
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The average number is down. But we also have the worst income inequalities too so a small proportion of the population are detached from realities and keep on buying despite the higher prices. If you want real economy look at clothes 70 percent discounts are quite normal now.
axisresidence17
post Jul 12 2016, 07:24 PM

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QUOTE(Showtime747 @ Jul 12 2016, 06:53 PM)
Bro prody and iceman exclude those >1m and <50k in the average price. So, they will say "no, it won't drag the price down"

Showtime747 however use the true average price calculation. So, he will say "yes, it will drag the price down"

I never shift goal post. Unlike "somebody" who "tailor made" their calculation to their liking  brows.gif
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Its a common knowledge that certain transactions are being marked up either to jack up the price of a property in an area or so that buyer do not have to pay 10 percent. I did came across this personally. Also valuers could be off with their valuations. They tend to overvalue new property and undervalue older property in my experience. Hence transacted prices do not necessarily reflect average prices.
axisresidence17
post Jul 12 2016, 07:32 PM

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QUOTE(axisresidence17 @ Jul 12 2016, 07:24 PM)
Its a common knowledge that certain transactions are being marked up either to jack up the price of a property in an area or so that buyer do not have to pay 10 percent. I did came across this personally. Also valuers could be off with their valuations. They tend to overvalue new property and undervalue older property in my experience. Hence transacted prices do not necessarily reflect average prices.
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Statistically speaking, if you want to deal with this problem you'll need to eliminate certain transactions that deviate widely from the mean (thats if I still get my statistic correctly)
axisresidence17
post Jul 12 2016, 07:50 PM

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QUOTE(Showtime747 @ Jul 12 2016, 07:43 PM)
Both the average calculated by me, and the Malaysian house price index prody refers to, are calculated from the same raw data compiled by Napic

So, if your opinion is true, then, both the average price and the housing index prody is talking about, are wrong  biggrin.gif
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It wasnt wrong! But you have to be mindful of the standard deviation used.
axisresidence17
post Jul 12 2016, 07:54 PM

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I'll give u an easy example: three students should have taken a test; one receive 100 fullmark, the other 80, the other score 0 because he did not turn up. So what is the average mark a) without taking into account the standard deviation b) when you take into account the standard deviation
axisresidence17
post Jul 18 2016, 11:25 AM

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Wow!!! This is wayyy under market value..

http://m.mudah.my/view?q=&ca=9_1_s&sa=&cg=...&ad_id=47167891


axisresidence17
post Jul 18 2016, 11:30 AM

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QUOTE(axisresidence17 @ Jul 18 2016, 11:25 AM)
Wow!!! This is wayyy under market value..

http://m.mudah.my/view?q=&ca=9_1_s&sa=&cg=...&ad_id=47167891
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385K? Should be 485K at least! Bubble burst anyone?
axisresidence17
post Jul 19 2016, 05:00 PM

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QUOTE(Showtime747 @ Jul 18 2016, 03:43 PM)
Good find ! Did you call the agent ?

BBB
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No Im waiting for the price to go diwn to 200k 😂😂😂
axisresidence17
post Jul 20 2016, 10:51 AM

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QUOTE(Showtime747 @ Jul 19 2016, 05:27 PM)
It's good to have big wish, but set yourself a realistic target is better

To me, -20% is already a great price, which you can get if you go to auctions. Good or bad times also got.

For advertisement in Iproperty or mudah, advertising very high or very low price is part of the agent's tactic, depending whether the agent is fishing for buyer or seller
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Im having the liberty to dream smile.gif
axisresidence17
post Jul 20 2016, 04:01 PM

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Wow! RM1000 for Palladium! How could new condo compete??

http://m.mudah.my/view?q=&ca=9_1_u&sa=&cg=...&ad_id=45730983
axisresidence17
post Jul 22 2016, 04:23 PM

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QUOTE(Jliew168 @ Jul 22 2016, 02:27 PM)
Depend what range of property u want to buy la..medium upper (500-800k) is strongest segment and backed by young professional..u hardly see any dead chicken for this price range..if can't sell still can rent out at pretty good rental rate. Almost all young professional budget limit to this level

For something above 1mil especially apartment u still can find pretty good deal as mostly holding by investor that have multiple unit and willing offload at cheaper rate for cash flow

If facey not a problem I think PRIMA or RUMAWIP offer the best rate+ location
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Doubt it..some auction units are currently coming from this range..
axisresidence17
post Jul 23 2016, 04:33 PM

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QUOTE(kradun @ Jul 23 2016, 02:51 PM)
It mean about 63.8% believed that prices of properties will increase in the next 12 months leh.  brows.gif

Just check back the subsales unit that i interested during Feb'14, the price go up by >10%. The margin is not much, but is still far better than i rent from owner and burn my money.  rclxm9.gif
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Lol..I just check the unit Im interested around sept 2014..still asking the same price and still havent been sold!
axisresidence17
post Jul 24 2016, 02:28 PM

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QUOTE(kradun @ Jul 23 2016, 04:49 PM)
Then what had u bought? Since then already lapse 2 years.
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Erkk..my current apartment..already appreciated more than 20 percent but currently look stagnant already..
axisresidence17
post Jul 28 2016, 07:47 AM

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QUOTE(Showtime747 @ Jul 27 2016, 10:28 PM)
Bro, how come you copy and paste the news, but omitted the second last paragraph one ? Selective reading again ? Don't want to read what you don't like ?

It says the MPH index still show a growth at 6.8% (preliminary). That means price of houses still increase despite the slowdown....although at a slower pace

Let me copy and paste the whole article :
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BBB then wink.gif
axisresidence17
post Jul 28 2016, 07:53 AM

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QUOTE(rolling2014 @ Jul 28 2016, 05:46 AM)
Actually the contrasting movements suggest there is no property bubble

1H2016 going down to just 9% of last  year's volume  but prices still going upwards (even at a slower pace) is not characteristic of a bubble

The price is therefore very relevant news..
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Volume just going down 9 percent? For primary market its a lot more than that!
axisresidence17
post Jul 28 2016, 03:15 PM

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QUOTE(Showtime747 @ Jul 28 2016, 08:08 AM)
Bro, I was just pointing out the cold hard numbers. The price of houses did not come down, but is in fact, going up. All this happened even if the market activity is very very slow.

It shows one thing. Slow market activity does not mean price coming down. Price can go up in slow market activity

For me, I expect the price will come down. So I am not BBB now. I was wrong though for the last quarter  sweat.gif
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The market is based on sentiment..BBB wink.gif

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