true.

but how about set up a fund, which will be channel directly to the staff of those companies that closed down or laid off staff.
i read many factory in northern region and hotel closing down for good

those are people needed help more than M40...

anyway, no point discuss as backdoor gomen sure have their agenda to make decision.

Believe it is more productive and important to have conducive business environment e.g cutting down red tapes, lowering cost of doing business, etc than temporary relief.

Facing competition from China, our country have no choice but to change and be more competitive else the recession will prolong.

This post has been edited by icemanfx: Apr 25 2020, 07:30 PM

this period we dont talk about long term plan better

or can do it later.. now 'save' fire

Economic recession, downsizing, retrenchment, pay cut, etc are inevitable. The million dollar questions is how to reverse the downtrend.

No need for a fund, there’s already EIS, we just need to lessen the red tapes involved in applying and approving the applications.


Agreed on this but reality is our cost of business definitely can’t go below China for obvious reasons.

It really depends on what we want to focus on moving forward, until now Malaysia is still too dependent on oil. We’re also lacking resources to be a real big producer country. Perhaps focusing on making malaysia as a hub would be better? I’m like how SG is a financial hub, we could look into something similar but maybe more on a service hub instead, we do have the advantage of being multiracial and multilingual compared to a lot of our neighbors.

Up to 25 months installment or about 12% additional rebate!

https://www.simedarbyproperty.com/stay-home...PaFwI1mcf38BZUA


This post has been edited by icemanfx: Apr 26 2020, 01:26 PM

500 sqft studio rm150k KL got?

you are an agent?

No idea about the market as i was never involved in market directly...all i know is anytime is a good time if you find the one you like which suits you... the places i like i not yet see reduction 50%... not even 10% yet... but it is also a buyer market now... i can make an offer and tarik harga
.. after few months agent call back say owner agree to reduce...

Video: https://www.facebook.com/propertyinsight.co...86873292320156/

Not KL but in Shah Alam Seksyen 13 can get. 290sqft studio at 150k.

- Leasehold
- 13 Units retail downstairs
- Free Shuttle service to MSU, Giant, Aeon and LRT

290sf - 489sf RM 150k-260k
-Studio, 1 bath, 1 Cp , with balcony
-2Room,1 bath, 1 Cp , with balcony

550 sf RM 270k
- 2Room, 1 bath, 1Cp
- Under gov affordable home scheme
- With T&C

810 sf RM 390k
- 3Room, 2Bath, 2Cp, with balcony

Booking rm500

just imagine staying at those >400sf during MCO..
not easy if it is family

Game over

Those no job no holding power but still serve loan
When tenant don't pay then can officially gg

The thread was started in 2016

Ok lo . Let’s be pessimistic and wait end of earth just like this topic starter wish too

Instead of be optimistic things could go right

Property collapse won’t do good to you n me

Economic recession is inevitable. opportunity favour the prepared mind. buy when blood is knee deep on the floor.

This post has been edited by icemanfx: Apr 27 2020, 07:02 PM

It might drop 10-30%

1997 max only drop 30%, some lesser

You may keep you thoughts , no right or wrong

pessimistic is a drug, it doesn’t not relate to age , news or history

Most of not all bought with bank loan, incurring loan interest daily. Price rise slower and lower than loan interest is financial losses. Financial loss could be substantially higher than nominal price drop.

e.g $800k property made about $48k repayment p.a. if price stagnant and subsale sold at $800k after 3 years, would have lost about $144k.

Overhang was not an issue in 1997. Hence, this round price drop is almost certain will be more than 1997.

I am not pessimistic but realistic.

This post has been edited by icemanfx: Apr 27 2020, 08:12 PM

so are u optimistic now and buying props in the near time?