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 Multiple Signs of Malaysia Property Bubble V20

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TSicemanfx
post May 17 2017, 05:46 PM

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Heard a well established plc is vss 800 staffs from its property division.

BrokeBack
post May 17 2017, 05:51 PM

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QUOTE(icemanfx @ May 17 2017, 05:46 PM)
Heard a well established plc is vss 800 staffs from its property division.
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just annnounced la ... u hear wrong also OK because its kopitiam here
kurtkob78
post May 17 2017, 07:41 PM

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got any arrogant property agents nowadays ?
wild_card_my
post May 17 2017, 07:57 PM

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QUOTE(kurtkob78 @ May 17 2017, 07:41 PM)
got any arrogant property agents nowadays ?
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I just had to deal with 2 of them recently... 1 was a newbie, the other a senior

For the senior one the property price was 900k, my client ended up not buying at all. He lost out.. the property was on listing since January. Dumb.
Hollow21
post May 17 2017, 08:03 PM

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QUOTE(BrokeBack @ May 17 2017, 05:51 PM)
just annnounced la ... u hear wrong also OK because its kopitiam here
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Which company?
timo1003
post May 17 2017, 11:18 PM

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QUOTE(wild_card_my @ May 17 2017, 07:57 PM)
I just had to deal with 2 of them recently... 1 was a newbie, the other a senior

For the senior one the property price was 900k, my client ended up not buying at all. He lost out.. the property was on listing since January. Dumb.
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Lol. Same. Dealt with 2 agents concerning two different properties. I ended up buying elsewhere. Many are still in dreamland and/or hoping to net many gullible buyers just like the good 'old days'. Both properties have been for sale since middle of last year. No joke. (this was despite my attempts to negotiate with them with realistic figures from NAPIC and not just relying on their 'asking prices' which are just plucked out of thin air. It was futile, like talking to a brick wall)

This post has been edited by timo1003: May 17 2017, 11:24 PM
alchmiya
post May 18 2017, 10:31 AM

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QUOTE(timo1003 @ May 17 2017, 11:18 PM)
Lol. Same. Dealt with 2 agents concerning two different properties.  I ended up buying elsewhere. Many are still in dreamland and/or hoping to net many gullible buyers just like the good 'old days'. Both properties have been for sale since middle of last year. No joke. (this was despite my attempts to negotiate with them with realistic figures from NAPIC and not just relying on their 'asking prices' which are just plucked out of thin air. It was futile, like talking to a brick wall)
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May I know which area? Condo or landed?
rizts
post May 18 2017, 02:04 PM

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QUOTE(axisresidence17 @ May 15 2017, 08:34 PM)
Id expect 800 sqft apartment to be priced around 250( currently around 300k) in major areas and should be cheaper in outskirt areas 1000sq ft around 300k(currently 400k) and landed to start around 500k depending on locations. This cud be the bottom price unless the economy deteriorate further. But then again prices might also stay at the current level before going up again..

Also logically a studio then would perhaps be just around 200k? (Currently they are from 300k to 400k)

I think prices of global oil would hv an impact too, what do you guys think?

1) what is the bottom price if prices weaken further?
2) is the economy looks like its going to weaken further or the worse is over?
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I will wait till 800sqft priced at 250k.

Now only can afford property 300k below. So sad.. :0

Any Axis Residence wanna let go at 250k?.. hehe...
kurtkob78
post May 18 2017, 02:34 PM

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QUOTE(rizts @ May 18 2017, 02:04 PM)
I will wait till 800sqft priced at 250k.

Now only can afford property 300k below. So sad.. :0

Any Axis Residence wanna let go at 250k?.. hehe...
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nowadays, rumah selangorku 900sqft priced at 250k
pr1ma, 900sqft priced from 300-340k

i dont think any developers will priced below that range.

the only way u can find discounted props is in auction scene. some are 30-40% below asking price
axisresidence17
post May 19 2017, 07:20 PM

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It will be hard to get axis at 250k but Tasik Height is already asking 285k

http://m.mudah.my/view?q=Tasik+height&ca=9...&ad_id=54907574

QUOTE(rizts @ May 18 2017, 02:04 PM)
I will wait till 800sqft priced at 250k.

Now only can afford property 300k below. So sad.. :0

Any Axis Residence wanna let go at 250k?.. hehe...
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TSicemanfx
post May 26 2017, 05:12 PM

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user posted image
http://dbv47yu57n5vf.cloudfront.net/s3fs-p..._new_locked.pdf

It seems MK high rise price only raise at 2% p.a. from 2012 to 2016.

This post has been edited by icemanfx: May 26 2017, 05:12 PM
Battlefield1942
post May 26 2017, 11:26 PM

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QUOTE(Jliew168 @ May 2 2017, 05:18 PM)
bearbearwong how r u ?  brows.gif
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BearbearWong must be dam busy right now with so many workload coming his way.....same as my friend working in jabatan insolvesi.....young, old, middle age all go by bus load to them thank to the banks credit card.
Jliew168
post May 27 2017, 09:38 AM

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QUOTE(Battlefield1942 @ May 26 2017, 11:26 PM)
BearbearWong must be dam busy right now with so many workload coming his way.....same as my friend working in jabatan insolvesi.....young, old, middle age all go by bus load to them thank to the banks credit card.
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bearbearwong bz with something else now..
Mostly kena credit card now is gen y n gen x.. Good to serve them a lesson don't spend future money
. Credit card debt no big deal la, they credit limit normally won't that high and bank can't sue them for bankruptcy. They should contact akpk or bank to restructure the payment to keep a good record
wild_card_my
post May 27 2017, 09:47 AM

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QUOTE(Jliew168 @ May 27 2017, 09:38 AM)
bearbearwong  bz with something else now..
Mostly kena credit card now is gen y n gen x.. Good to serve them a lesson don't spend future money
. Credit card debt no big deal la,  they credit limit normally won't that high and bank can't sue them for bankruptcy. They should contact akpk or bank to restructure the payment to keep a good record
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I actually like Zeti's initiative to control the credit - mortgages, credit cards, etc. Now there is a limit to the maximum cc limit you can get, about 2x of your gross perhaps?
Jliew168
post May 27 2017, 09:50 AM

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QUOTE(wild_card_my @ May 27 2017, 09:47 AM)
I actually like Zeti's initiative to control the credit - mortgages, credit cards, etc. Now there is a limit to the maximum cc limit you can get, about 2x of your gross perhaps?
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I don't know coz not in banking line.. I only use those cc that have cash back or special discount
kevyeoh
post May 27 2017, 12:36 PM

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How you know a lot of ppl kena credit card issue?

QUOTE(Jliew168 @ May 27 2017, 09:38 AM)
bearbearwong  bz with something else now..
Mostly kena credit card now is gen y n gen x.. Good to serve them a lesson don't spend future money
. Credit card debt no big deal la,  they credit limit normally won't that high and bank can't sue them for bankruptcy. They should contact akpk or bank to restructure the payment to keep a good record
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Battlefield1942
post May 27 2017, 02:22 PM

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QUOTE(kevyeoh @ May 27 2017, 12:36 PM)
How you know a lot of ppl kena credit card issue?
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Meet some of them from jabatan insolvesi while they attended course in putrajaya last month for the new act. Just chitchat during lunch break and to my suprise - their workload double since last year! Thanks to the bank who push their problem to jabatan insolvesi. The funny joke with them - hutang along, kenal potong telinga, hidung atau jari, hutang bank - potong gaji saja. Tak bayar - potong credit! Most of the time, we will think those who speculate on house price will get it but this group usually are much smarter and won;t be careless with the bank like waiting for it to default otherwise their credit rating gone down hill and their borrowing rate gone up! To get a loan for a few houses required some solid financial background and won;t be easy to fall but if they fall into jabatan insolvesi. It usually is too big the amount. One of them = 1000 credit card case! I learn from them, our financial rating from CTOS and those like service are important. Keep it clean.

This post has been edited by Battlefield1942: May 27 2017, 02:25 PM
TSicemanfx
post May 31 2017, 11:52 PM

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According to Deutsche Bank’s Mapping the World’s Price 2017 study on the quality of life in 47 countries, Kuala Lumpur is just one place from the bottom – as reported in The Malay Mail Online.

The survey also found residents in Kuala Lumpur to be 13% poorer than last year; with the average salary dropping to US$987 (about RM4279) per month. In comparison, it was US$1,136 (about RM4925) last year.

Falling 14 places down the ladder this year, the city is now beneath Mumbai and Jakarta. In contrast, Wellington was the top city in the index while the last spot went to Manila in the Philippines.

Dragging down KL’s score was its climate, which took last spot in the entire survey. It fared marginally better in the area of safety, where it took the 43rd place. It was 39th for healthcare and 38th for pollution.

http://www.humanresourcesonline.net/averag...-nearly-rm4280/

Mean consumers spending and disposable income could be lowered this year; negative market sentiment persists.

TSicemanfx
post Jun 2 2017, 04:12 AM

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PETALING JAYA (May 30): Looks like more property owners are losing their holding power as 1Q2017 has seen a rise in the number of residential properties put up for auction in the country.

The number of residential properties that went under the hammer in 1Q2017 surged 14.4% to 6,225 cases worth RM1.78 billion from 5,442 cases worth RM1.375 billion registered in the same period a year ago, according to data compiled by AuctionGuru.com.

http://www.theedgeproperty.com.my/content/...14-y-o-y-1q2017

axisresidence17
post Jun 5 2017, 10:22 AM

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14 percent! Wow!

QUOTE(icemanfx @ Jun 2 2017, 04:12 AM)
PETALING JAYA (May 30): Looks like more property owners are losing their holding power as 1Q2017 has seen a rise in the number of residential properties put up for auction in the country.

The number of residential properties that went under the hammer in 1Q2017 surged 14.4% to 6,225 cases worth RM1.78 billion from 5,442 cases worth RM1.375 billion registered in the same period a year ago, according to data compiled by AuctionGuru.com.

http://www.theedgeproperty.com.my/content/...14-y-o-y-1q2017
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