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 Multiple Signs of Malaysia Property Bubble V20

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TSicemanfx
post Jul 7 2017, 08:08 PM

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QUOTE(scorptim @ Jul 7 2017, 06:11 PM)
Still bottom will be by 2019, 2020 confirm up balik.

This is based on previous trend even during the bottom during AFC time the property prices started going back up after 2 years.
Mana ada stagnant for many years by 2000 it was already going back up...jliew168 already show you the stats
Yes it's already too late for those flippers who jumped during the bull run. Only those with high holding power can jump during the bull run and then have to hold for about a decade to reap the fruit.

That is the reason I'm telling you to buy before the next bull run which means buying by 2019 at the latest coz 2020 will be the new bull run, then you'd be stuck again like during 2011-2015 coz you missed the bottom.
The reality is that a lot of people not willing to buy at current prices as opposed to not being able to afford to buy. By the time property prices across goes down by 20% (bottom), people will start buying again.

As you said, by 2030 kangkong land will become an aging nation. There may be other investment opportunities but the older people would usually not take the risk and invest in the oldest most stanle form of investment which is property.
Um...in almost every investment, people always aim to buy as close as possible to the bottom. It makes no sense to buy during bull run when you can buy closer to the bottom at 20% cheaper and make extra profit.
Agreed on this, by 2020 will be another bull run. Super bull or not, that one I not sure, but im damn sure it will be another bull run by then.
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kv property bull run 2011 to 2014 was fuelled by cheap and easy credit, a fallout of u.s fed qe. hence, the bull run started and ended with qe. in the foreseeable future, another u.s. fed qe is unlikely. in the contrary, u.s fed is to rise interest rate and likely to shrink its balance sheet, effectively a reversal of qe which may lead to credit crunch in emerging markets.

old age pensioners ability to buy property is limited by availability of bank loan. In ageing nation, there will be more old people selling than young people to buy. hence, property price is likely to remain stagnant.

beside gut feeling, there isn't any data to support the property will turn positive by 2020. in contrary, with mounting oversupply and rising interest rate, 2020 is more likely near the bottom of current down trend and remain stagnant thereafter.

This post has been edited by icemanfx: Jul 7 2017, 08:32 PM
Jliew168
post Jul 7 2017, 10:50 PM

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QUOTE(icemanfx @ Jul 7 2017, 08:08 PM)
kv property bull run 2011 to 2014 was fuelled by cheap and easy credit, a fallout of u.s fed qe. hence, the bull run started and ended with qe. in the foreseeable future, another u.s. fed qe is unlikely. in the contrary, u.s fed is to rise interest rate and likely to shrink its balance sheet, effectively a reversal of qe which may lead to credit crunch in emerging markets.

old age pensioners ability to buy property is limited by availability of bank loan. In ageing nation, there will be more old people selling than young people to buy. hence, property price is likely to remain stagnant.

beside gut feeling, there isn't any data to support the property will turn positive by 2020. in contrary, with mounting oversupply and rising interest rate, 2020 is more likely near the bottom of current down trend and remain stagnant thereafter.
*
If I it mistaken on newspaper last few days mention that more than 50% people on klang Valley still unaforford to own house...

Malaysia only will become aging nation by 2035,
Still have 18 sweet time

TSicemanfx
post Jul 7 2017, 11:17 PM

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QUOTE(Jliew168 @ Jul 7 2017, 10:50 PM)
If I  it mistaken on newspaper last few days mention that more than 50% people on klang Valley still unaforford to own house...

Malaysia only will become aging nation by 2035,
Still have 18 sweet time
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With more affordable housing is coming, demand for non-affordable will be depressed and price is expected to converge to affordable range.

Those who bought during the last bull run 2011-2015 were with 30 years loan tenure mean by the time they finished paying the bank, their house value could be below water.

Jliew168
post Jul 7 2017, 11:41 PM

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QUOTE(icemanfx @ Jul 7 2017, 11:17 PM)
With more affordable housing is coming, demand for non-affordable will be depressed and price is expected to converge to affordable range.

Those who bought during the last bull run 2011-2015 were with 30 years loan tenure mean by the time they finished paying the bank, their house value could be below water.
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Don't silly... Affordable housing not really affordable..
300k for 800 Sq ft not cheap based on material that offer

2011-2015 have many new launching that cater many segment

Price stagnant now but it wil not last long... Another round bull is coming after election.. Good location still indicate UUUUU, medium upper property still in high demand and another 5% cut easily sold off

After 100% increase and drop 15% from top is not crash haha
TSicemanfx
post Jul 7 2017, 11:55 PM

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QUOTE(Jliew168 @ Jul 7 2017, 11:41 PM)
Don't silly... Affordable housing not really affordable..
300k for 800 Sq ft  not cheap based on material that offer

2011-2015 have many new launching that cater many segment

Price stagnant now but it wil not last long... Another round bull is coming after election.. Good location still indicate UUUUU,  medium upper property still in high demand and another 5% cut easily sold off

After 100% increase and drop 15% from top is not crash haha
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if gomen couldn't rouse the bull before g.e, will less likely so after g.e.

until over supply is fully consumed, with interest rate on up trend, uuu is unlikely in the foreseeable future. so called good location is very limited, most purchases are in sub-prime area e.g. cbj. If vendor could off load with a 5% discount, transaction volume should be maintaining and not dropping.

those experienced 100% increase was probably bought gozilla years ago and most new purchase was near the peak price, so 15% price drop could have devastating impact.

This post has been edited by icemanfx: Jul 8 2017, 06:53 AM
axisresidence17
post Jul 8 2017, 02:03 PM

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QUOTE(icemanfx @ Jul 7 2017, 03:37 PM)
Developer net price is cheaper near vp than when launched.
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373k for 600sq ft in puchong???
axisresidence17
post Jul 8 2017, 02:13 PM

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Compare that to a seri kembangan 3 bedroom condo sold at 224k

http://auctions.com.my/pah/info-recentlysold.asp

This post has been edited by axisresidence17: Jul 8 2017, 02:13 PM
TSicemanfx
post Jul 8 2017, 03:22 PM

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QUOTE(City Dweller @ Jul 8 2017, 02:18 PM)
Talking about gut feeling, seems like u r using a lot of guessworks in your poor arguments as well
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Only death and tax is certainty in life. My likeliness is from study of data available and policy makers' intention.

This post has been edited by icemanfx: Jul 8 2017, 03:57 PM
Zres
post Jul 8 2017, 11:05 PM

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QUOTE(icemanfx @ Jul 8 2017, 03:22 PM)
Only death and tax is certainty in life. My likeliness is from study of data available and policy makers' intention.
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Lol... u are good student, u read (but not analyse) all the data and news like follow a textbook...if study textbook can make ppl rich then everybody is a billionaire ...

That's why u make so many silly comments...hehe
Zres
post Jul 8 2017, 11:06 PM

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QUOTE(City Dweller @ Jul 8 2017, 02:18 PM)
Talking about gut feeling, seems like u r using a lot of guessworks in your poor arguments as well
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Spot on...this comment just make my day...lol

This post has been edited by Zres: Jul 8 2017, 11:06 PM
TSicemanfx
post Jul 8 2017, 11:20 PM

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QUOTE(Zres @ Jul 8 2017, 11:05 PM)
Lol... u are good student, u read (but not analyse) all the data and news like follow a textbook...if study textbook can make ppl rich then everybody is a billionaire ...

That's why u make so many silly comments...hehe
*
QUOTE(Zres @ Jul 8 2017, 11:06 PM)
Spot on...this comment just make my day...lol
*
the herd is blinded by greed.


Veda
post Jul 8 2017, 11:55 PM

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LOL, why are u guys still arguing about properties like it's a life or death issue.

The rich invest in commercials lah, not high rise residential for rental. If poorfags want a slice of the commercial cake, can always invest in Reits.

My take is a financial crisis will hit in the next few years, and after that particularly bad 1-2 years where some ppl will go to 14th floor, overall property prices will start to recover slowly, but high rises will be largely stagnant. But there won't be a repeat of 2009-15 bull run for many years.
scorptim
post Jul 9 2017, 12:02 PM

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QUOTE(icemanfx @ Jul 7 2017, 08:08 PM)
kv property bull run 2011 to 2014 was fuelled by cheap and easy credit, a fallout of u.s fed qe. hence, the bull run started and ended with qe. in the foreseeable future, another u.s. fed qe is unlikely. in the contrary, u.s fed is to rise interest rate and likely to shrink its balance sheet, effectively a reversal of qe which may lead to credit crunch in emerging markets.

old age pensioners ability to buy property is limited by availability of bank loan. In ageing nation, there will be more old people selling than young people to buy. hence, property price is likely to remain stagnant.

beside gut feeling, there isn't any data to support the property will turn positive by 2020. in contrary, with mounting oversupply and rising interest rate, 2020 is more likely near the bottom of current down trend and remain stagnant thereafter.
*
I'm basing on trends from the past even putting aside the super bull run in 2011-2014, back during the AFC crisis also the property sector recovered after 2-3 years and prices start becoming bullish again.

Whether or not there is another us fed qe or not, the property market would recover in 2-3 years. The only difference is that if there is another us fed qe then it will be a super bull run. If not then no super bull but still the prices would start going up although not at such an alarming rate as before.

Younger people are the ones dependent on loans to buy houses not the pensioners. You are forgetting that in kv there are many pensioners who has enough money in their epf to buy properties without a loan. With how epf is managing their money and the current govt, these people are more likely to invest in more conventional investments such as properties.

Furthermore, the excess properties around are unsold due to their prices again not because people can't afford to buy the properties but rather people not willing to pay for the current prices. But say with a 20-30% drop, people would start buying. That drop would come by end 2019 at the latest.

Red_rustyjelly
post Jul 9 2017, 12:08 PM

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QUOTE(scorptim @ Jul 9 2017, 12:02 PM)
... the excess properties around are unsold due to their prices again not because people can't afford to buy the properties but rather people not willing to pay for the current prices.
*
Top KEK. LOL
TSicemanfx
post Jul 9 2017, 01:46 PM

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QUOTE(scorptim @ Jul 9 2017, 12:02 PM)
I'm basing on trends from the past even putting aside the super bull run in 2011-2014, back during the AFC crisis also the property sector recovered after 2-3 years and prices start becoming bullish again.

Whether or not there is another us fed qe or not, the property market would recover in 2-3 years. The only difference is that if there is another us fed qe then it will be a super bull run. If not then no super bull but still the prices would start going up although not at such an alarming rate as before.

Younger people are the ones dependent on loans to buy houses not the pensioners. You are forgetting that in kv there are many pensioners who has enough money in their epf to buy properties without a loan. With how epf is managing their money and the current govt, these people are more likely to invest in more conventional investments such as properties.

Furthermore, the excess properties around are unsold due to their prices again not because people can't afford to buy the properties but rather people not willing to pay for the current prices. But say with a 20-30% drop, people would start buying. That drop would come by end 2019 at the latest.
*
After 1997 AFC, property price rise at about inflation rate. Unlike currently, there wasn't much oversupply.

https://www.nst.com.my/news/2016/05/145726/...ings-retirement
Only a very minority of pensioners could afford to invest in property without bank loan.

Until property price dropped significantly, economic recession and oversupply is fully consumed, price is unlikely to rise. Until these happened, what is the hurry to buy?

This post has been edited by icemanfx: Jul 9 2017, 05:39 PM
SUScocbum4
post Jul 9 2017, 06:05 PM

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QUOTE(icemanfx @ Jul 7 2017, 11:55 PM)
if gomen couldn't rouse the bull before g.e, will less likely so after g.e.

until over supply is fully consumed, with interest rate on up trend, uuu is unlikely in the foreseeable future. so called good location is very limited, most purchases are in sub-prime area e.g. cbj. If vendor could off load with a 5% discount, transaction volume should be maintaining and not dropping.

those experienced 100% increase was probably bought gozilla years ago and most new purchase was near the peak price, so 15% price drop could have devastating impact.
*
The last time 1998 many peasant jump 14th floor obviously not elite 4%, and the property just barely drop less than 10%, jew can expect the impact of 15% drop, Ayam think jew can even loss jew job and worst is jew have no money left to stay online and post non sense in this forum.
scorptim
post Jul 10 2017, 10:08 AM

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QUOTE(Red_rustyjelly @ Jul 9 2017, 12:08 PM)
Top KEK. LOL
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True wut, lets say you can afford 300k prop but 300k can only get you a 500 sq ft condo or a flat. You may not be willing to pay that price for that kinda prop.

Now let's say some of the smaller 800-900 sq ft condo which are selling for 400k drops by 25% and becomes 300k, then the person who afford 300k prop will buy since it's worth the money.

QUOTE(icemanfx @ Jul 9 2017, 01:46 PM)
After 1997 AFC, property price rise at about inflation rate. Unlike currently, there wasn't much oversupply.

https://www.nst.com.my/news/2016/05/145726/...ings-retirement
Only a very minority of pensioners could afford to invest in property without bank loan.

Until property price dropped significantly, economic recession and oversupply is fully consumed, price is unlikely to rise. Until these happened, what is the hurry to buy?
*
Here's the thing, the inflation rate now is higher than before so even if property prices rises with the inflation rate it would still be quite significant. Do you really want to risk missing another bottom then whine when property prices are higher in the future?
Red_rustyjelly
post Jul 10 2017, 11:40 AM

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BBB UUU spoted icon_idea.gif
TSicemanfx
post Jul 10 2017, 01:18 PM

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QUOTE(scorptim @ Jul 10 2017, 10:08 AM)
True wut, lets say you can afford 300k prop but 300k can only get you a 500 sq ft condo or a flat. You may not be willing to pay that price for that kinda prop.

Now let's say some of the smaller 800-900 sq ft condo which are selling for 400k drops by 25% and becomes 300k, then the person who afford 300k prop will buy since it's worth the money.
Here's the thing, the inflation rate now is higher than before so even if property prices rises with the inflation rate it would still be quite significant. Do you really want to risk missing another bottom then whine when property prices are higher in the future?
*
Bottom is when blood is knee deep on the street and is not there yet.


scorptim
post Jul 10 2017, 01:26 PM

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QUOTE(Red_rustyjelly @ Jul 10 2017, 11:40 AM)
BBB UUU spoted  icon_idea.gif
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I'm very practical one, back in 2013 when all the bbb uuu kept saying buy I already said that property market will go ddd in 2-3 yrs time.

Now still not bbb uuu time yet, wait next year or 2019.

QUOTE(icemanfx @ Jul 10 2017, 01:18 PM)
Bottom is when blood is knee deep on the street and is not there yet.
*
If that's your definition of bottom then it will never happen unless there's an economy crisis.

Give me an example of this happening anywhere in the world without an economy crisis. I really don't know what you're basing on to expect such a bottom.


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