Multiple Signs of Malaysia Property Bubble V20
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 Jan 19 2019, 09:20 PM
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Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur  
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QUOTE(AskarPerang @ Jan 19 2019, 09:01 PM) Thanks fot the update. My bad. 0.13%. There are resources for this. Regardless it was due for everyone. Some banks do it earlier, others try to be "cool" about it.BIMB actually increased by 0.13% Hearsay PBB and Affin will announce the rate hike soon.  |
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Jan 19 2019, 10:17 PM
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Senior Member
1,590 posts Joined: Oct 2010
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I wonder what the property lelong and overhang data would be for 2018-2019
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Jan 19 2019, 10:23 PM
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All Stars
21,457 posts Joined: Jul 2012 
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QUOTE(langstrasse @ Jan 19 2019, 10:17 PM) I wonder what the property lelong and overhang data would be for 2018-2019 Number of foreclosure is likely to rise this year. |
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Jan 20 2019, 11:46 PM
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#2024
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Junior Member
91 posts Joined: Jan 2003
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In actuality the sales in the auction market isn't that great either way, you can count with your fingers the numbers of transaction done.
I would only start to look when it broke below 200k level, since the memory of the previous housing price collapse isn't that far away I expect price can be far far far far lower. |
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Jan 21 2019, 01:13 AM
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#2025
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Senior Member
4,720 posts Joined: Jan 2003
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For 3rd property and above... sure get 70% loan only right?
QUOTE(ed1torz @ Jan 17 2019, 08:49 AM) when banks stop lending, its a sign that avg. median income cannot cope with the % ltv I just secure a loan and it can only approve with 70% regardless if im going to show them my bond, my fd, my stocks etc... of course 90% is possible but subjective to bank risk because property for them, is like, over valued for now 70% because, to include lelong % ahahha |
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Jan 21 2019, 10:49 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space 
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QUOTE(ed1torz @ Jan 17 2019, 08:49 AM) when banks stop lending, its a sign that avg. median income cannot cope with the % ltv how many houses you have still active with bank loan?I just secure a loan and it can only approve with 70% regardless if im going to show them my bond, my fd, my stocks etc... of course 90% is possible but subjective to bank risk because property for them, is like, over valued for now 70% because, to include lelong % ahahha |
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Jan 23 2019, 07:39 AM
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All Stars
21,457 posts Joined: Jul 2012
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QUOTE(AskarPerang @ Jan 23 2019, 02:54 AM) 1st auction bank valuation price was at 580k. Now drop like 5-6 rounds nobody interested. Currently, almost at half price. A-23A-7, Block A, Pelangi Indah Condominium Reserve price: 🔥🔥RM 308,236🔥🔥 Freehold 1938 sqft (duplex penthouse unit), 1 car park slot Auction : 30-Jan-2019 (Wed) |
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Jan 25 2019, 01:56 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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B-11-7, 11th Floor, Block B, Suite Dex (Menara B), Jalan 3/18A, Taman Mastiara
Reserve price 🔥🔥RM318,865🔥🔥 789 sqft Leasehold until 2111 Auction: 30-Jan-2019 (Wed) *BUMI lot » Click to show Spoiler - click again to hide... « Actual units pics and S&P price of the unit is at: RM632,510 For 789 sqft unit. OMG!!! This post has been edited by AskarPerang: Jan 25 2019, 01:56 PM |
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Jan 25 2019, 02:52 PM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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QUOTE(AskarPerang @ Jan 25 2019, 01:56 PM) B-11-7, 11th Floor, Block B, Suite Dex (Menara B), Jalan 3/18A, Taman Mastiara spa purchase from subsale or developer?Reserve price 🔥🔥RM318,865🔥🔥 789 sqft Leasehold until 2111 Auction: 30-Jan-2019 (Wed) *BUMI lot » Click to show Spoiler - click again to hide... « Actual units pics and S&P price of the unit is at: RM632,510 For 789 sqft unit. OMG!!! |
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Jan 25 2019, 04:15 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(kurtkob78 @ Jan 25 2019, 02:52 PM) spa purchase from subsale or developer? Developer. |
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Jan 25 2019, 04:22 PM
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Senior Member
4,720 posts Joined: Jan 2003
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just following up....has the bubble burst? how to know and confirm when bubble burst? one of my friend commented Johor side, the iskandar property bubble already burst... so i just wonder what's the criteria to confirm bubble burst... iceman...you the expert here on this right?
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Jan 25 2019, 04:52 PM
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All Stars
18,469 posts Joined: Oct 2010
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QUOTE(AskarPerang @ Jan 25 2019, 04:15 PM) Developer. QUOTE(kevyeoh @ Jan 25 2019, 04:22 PM) just following up....has the bubble burst? how to know and confirm when bubble burst? one of my friend commented Johor side, the iskandar property bubble already burst... so i just wonder what's the criteria to confirm bubble burst... iceman...you the expert here on this right? Where to look for lelong units in Iskandar? |
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Jan 25 2019, 05:14 PM
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All Stars
21,457 posts Joined: Jul 2012
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QUOTE(kevyeoh @ Jan 25 2019, 04:22 PM) just following up....has the bubble burst? how to know and confirm when bubble burst? one of my friend commented Johor side, the iskandar property bubble already burst... so i just wonder what's the criteria to confirm bubble burst... iceman...you the expert here on this right? Property is illiquid, price takes years to bottom; bubble couldn't burst like stocks, btc, gold, etc. |
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Jan 25 2019, 10:06 PM
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All Stars
21,457 posts Joined: Jul 2012
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QUOTE(AskarPerang @ Jan 25 2019, 04:26 PM) The cheapest unit: https://www.lelongtips.com.my/property/5707...ur-for-RM550800 Sub RM 400 psf at mk. Why pay more at other less prestigious area?22-06 sold in lelong today at 550k. Single bidder. Good catch. :thumbsup: All other units in auction today no taker. Guess need to wait price drop below 600k then only got interested buyer. |
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Jan 26 2019, 02:50 AM
Show posts by this member only | IPv6 | Post
#2035
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Junior Member
91 posts Joined: Jan 2003
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QUOTE(kevyeoh @ Jan 25 2019, 04:22 PM) just following up....has the bubble burst? how to know and confirm when bubble burst? one of my friend commented Johor side, the iskandar property bubble already burst... so i just wonder what's the criteria to confirm bubble burst... iceman...you the expert here on this right? Just a few post above you you see 630k property auction for 318k also no demand, do you think this is normal if not burst?People like to lose money or only you see people jump from building and hang themselves to be counted as bubble burst? |
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Jan 26 2019, 09:22 AM
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Senior Member
4,998 posts Joined: Dec 2010
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QUOTE(icemanfx @ Jan 19 2019, 10:23 PM) Number of foreclosure is likely to rise this year. Where is the data to support this statement?Oh yes, you have said that it is not transparent |
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Jan 26 2019, 09:27 AM
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All Stars
21,457 posts Joined: Jul 2012
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QUOTE(New Klang @ Jan 26 2019, 09:22 AM) Where is the data to support this statement? Your favourite bank manager could be the source. If you don't believe him, could talk to legal department.Oh yes, you have said that it is not transparent |
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Jan 26 2019, 11:18 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(kevyeoh @ Jan 25 2019, 04:22 PM) just following up....has the bubble burst? how to know and confirm when bubble burst? one of my friend commented Johor side, the iskandar property bubble already burst... so i just wonder what's the criteria to confirm bubble burst... iceman...you the expert here on this right? QUOTE(MGM @ Jan 25 2019, 04:52 PM) Where to look for lelong units in Iskandar? https://www.lelongtips.com.my/search/iskandar?state=johor |
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Jan 28 2019, 03:01 PM
Show posts by this member only | IPv6 | Post
#2039
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All Stars
21,457 posts Joined: Jul 2012
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 PJ occupancy rate is lower than KL and yet claimed doing relatively well    If this table is correct, occupancy rate in PJ should be higher than 85%  https://www.edgeprop.my/content/1465183/pj-...etter-you-think This post has been edited by icemanfx: Jan 28 2019, 03:05 PM |
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Jan 28 2019, 05:36 PM
Show posts by this member only | IPv6 | Post
#2040
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Senior Member
4,720 posts Joined: Jan 2003
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Trying to understand from Iceman how to define and confirm bubble burst... and when is the right time to buy if it take years to bottom....
QUOTE(Angelic Layer @ Jan 26 2019, 02:50 AM) Just a few post above you you see 630k property auction for 318k also no demand, do you think this is normal if not burst? People like to lose money or only you see people jump from building and hang themselves to be counted as bubble burst? |
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