Welcome Guest ( Log In | Register )

229 Pages « < 28 29 30 31 32 > » Bottom

Outline · [ Standard ] · Linear+

 Multiple Signs of Malaysia Property Bubble V20

views
     
TSicemanfx
post Jul 10 2017, 02:09 PM

20k VIP Club
*********
All Stars
21,457 posts

Joined: Jul 2012


QUOTE(scorptim @ Jul 10 2017, 01:26 PM)
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.
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.
*
Conditions i.e u.s qe which lead to property bull run 2011 to 2014 is unlikely to occur in the foreseeable future.

Almost every bull run will end up in economic crisis, kv property is no exceptions. The difference is property is illiquid, price takes years to bottom.

Over supply and rising interest rate could be the worst combination for property investment.

This post has been edited by icemanfx: Jul 10 2017, 02:20 PM
Red_rustyjelly
post Jul 10 2017, 02:15 PM

Enthusiast
*****
Junior Member
867 posts

Joined: Feb 2017


The news/media won't even report even if there is a bubble or crisis. Put it in mind that these news are usually manipulated by people who have $$ so that people won't fear if there is a crisis, and still continue to buy.

By looking with your own eyes, if you slowly survey there are many projects giving heaps of discounts AKA promotion and usually on par with market value or under value, to sell fast.

I am buying these whenever I find one. Don't care whether the news said bubble or not, because they won't say it at all. After all, price falls under market value is always better than those selling at future price.

This post has been edited by Red_rustyjelly: Jul 10 2017, 02:16 PM
scorptim
post Jul 10 2017, 03:24 PM

Enthusiast
*****
Senior Member
700 posts

Joined: Nov 2009
QUOTE(Red_rustyjelly @ Jul 10 2017, 02:15 PM)
The news/media won't even report even if there is a bubble or crisis. Put it in mind that these news are usually manipulated by people who have $$ so that people won't fear if there is a crisis, and still continue to buy.

By looking with your own eyes, if you slowly survey there are many projects giving heaps of discounts AKA promotion and usually on par with market value or under value, to sell fast.

I am buying these whenever I find one. Don't care whether the news said bubble or not, because they won't say it at all. After all, price falls under market value is always better than those selling at future price.
*
That's the right strategy and also what I am doing right now. The only thing is I set a 20% below market threshold. Whenever I see props selling below 20% market price or more that I can afford, I try to snap it up. Not much luck lately tho coz many big sharks also hunting for these dead chickens.

But that icemanfx fella expect prices to drop until blood is knee deep on the streets is something which will never happen, simply because it never happened anywhere without a financial crisis before.
scorptim
post Jul 10 2017, 03:37 PM

Enthusiast
*****
Senior Member
700 posts

Joined: Nov 2009
QUOTE(icemanfx @ Jul 10 2017, 02:09 PM)
Conditions i.e u.s qe which lead to property bull run 2011 to 2014 is unlikely to occur in the foreseeable future.

Almost every bull run will end up in economic crisis, kv property is no exceptions. The difference is property is illiquid, price takes years to bottom.

Over supply and rising interest rate could be the worst combination for property investment.
*
Like I said before, aside from 2011 to 2014 property has had bull runs way before that even without us qe, it's just the rise in property prices was not as crazy as it was in 2011-2014.

The only difference right now is the over supply. But if you look at it, it's not like there's not enough people to consume the excess supply in kv, it's just that people can't afford or are not willing to pay at current price tags.

Look at pr1ma launches and how fast it gets taken up...even those 400k prima units which are in kv are taken up really fast. Now currently property in kv average is around 500k for a 1000+ sq feet 3r2b property (not landed), a 20% drop in price would bring a lot of property to pr1ma property prices. By then, people would start to buy the properties just like how people are Applying for pr1ma property. Needless to say by the time those properties drop to pr1ma prices, a lot of people who applied for prima but didnt qualify will just buy the other properties. Heck even those who already bought prima would regret by then.

You're looking at things too purely from a macro perspective, sometimes you need to look at it from a micro perspective as well.
SUScocbum4
post Jul 10 2017, 04:02 PM

Getting Started
**
Junior Member
57 posts

Joined: Jan 2015
QUOTE(icemanfx @ Jul 10 2017, 01:18 PM)
Bottom is when blood is knee deep on the street and is not there yet.
*
Can't wait to see peasant and their blood and they are cheap
Elite 4% is very high keras cannot shed blood to peasant
SUScocbum4
post Jul 10 2017, 04:09 PM

Getting Started
**
Junior Member
57 posts

Joined: Jan 2015
QUOTE(scorptim @ Jul 10 2017, 03:37 PM)
Like I said before, aside from 2011 to 2014 property has had bull runs way before that even without us qe, it's just the rise in property prices was not as crazy as it was in 2011-2014.

The only difference right now is the over supply. But if you look at it, it's not like there's not enough people to consume the excess supply in kv, it's just that people can't afford or are not willing to pay at current price tags.

Look at pr1ma launches and how fast it gets taken up...even those 400k prima units which are in kv are taken up really fast. Now currently property in kv average is around 500k for a 1000+ sq feet 3r2b property (not landed), a 20% drop in price would bring a lot of property to pr1ma property prices. By then, people would start to buy the properties just like how people are Applying for pr1ma property. Needless to say by the time those properties drop to pr1ma prices, a lot of people who applied for prima but didnt qualify will just buy the other properties. Heck even those who already bought prima would regret by then.

You're looking at things too purely from a macro perspective, sometimes you need to look at it from a micro perspective as well.
*
May be he is looking at nuclear fallout, meteor strike or even massacres, alien invasion to happen, which will definitely crash the property by 20% or more. No longer about economy sexpert views
SUScocbum4
post Jul 10 2017, 04:27 PM

Getting Started
**
Junior Member
57 posts

Joined: Jan 2015
QUOTE(Red_rustyjelly @ Jul 10 2017, 02:15 PM)
The news/media won't even report even if there is a bubble or crisis. Put it in mind that these news are usually manipulated by people who have $$ so that people won't fear if there is a crisis, and still continue to buy.

By looking with your own eyes, if you slowly survey there are many projects giving heaps of discounts AKA promotion and usually on par with market value or under value, to sell fast.

I am buying these whenever I find one. Don't care whether the news said bubble or not, because they won't say it at all. After all, price falls under market value is always better than those selling at future price.
*
Ayam is expecting the current rise in tax/interest rate will only drive the lich elite 4% to put all their moneh into property as it is the best decision they can do to protect their moneh. Ayam do not care about what the sexpert say about the thing is very bad now, bikos they know nothing about it. No QE or no easy credit is not a big deal, pipu today is far more wealthier than the last decade by a whole new level.
Red_rustyjelly
post Jul 10 2017, 04:29 PM

Enthusiast
*****
Junior Member
867 posts

Joined: Feb 2017


QUOTE(cocbum4 @ Jul 10 2017, 04:27 PM)
Ayam is expecting the current rise in tax/interest rate will only drive the lich elite 4% to put all their moneh into property as it is the best decision they can do to protect their moneh. Ayam do not care about what the sexpert say about the thing is very bad now, bikos they know nothing about it. No QE or no easy credit is not a big deal, pipu today is far more wealthier than the last decade by a whole new level.
*
but pipu todeh is very blind to media. yawn.gif
SUScocbum4
post Jul 10 2017, 04:39 PM

Getting Started
**
Junior Member
57 posts

Joined: Jan 2015
QUOTE(Red_rustyjelly @ Jul 10 2017, 04:29 PM)
but pipu todeh is very blind to media.  yawn.gif
*
Only peasant is blinded by the conspiracy Jewish
The elite 4% is behind all this
ck98
post Jul 10 2017, 06:56 PM

New Member
*
Newbie
3 posts

Joined: May 2016
More than 80,000 unit of bumiputra unit unsold in Johor...

Please check Sin Chew daily 7 July 2017
SUSGenY
post Jul 10 2017, 06:58 PM

Getting Started
**
Junior Member
241 posts

Joined: Mar 2010
Talking about trends etc while ignoring fundamentals = voodoo economics? laugh.gif

Your 'prediction' is too simplistic lah, I also have some interest in cycles and have read up on property cycles , economic cycles, emotional cycles, 10 year cycles, 20 year real estate cycles, etc etc. Now even a femes 'property guru' is talking cycles, basically saying the bottom is near and it's now time to BBB.

Having read the various experts' cycle arguments and thus becumming a semi-expert in cycles myself, I believe your "2019, 2020 confirm up balik" prediction is wrong, unless it's a slow, slow climb. Once reason being the huge incoming supply of affordable properties.

But I won't waste time going into details. I prefer the UUU crowd to be caught by (unpleasant) surprise brows.gif

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.
*
scorptim
post Jul 10 2017, 07:50 PM

Enthusiast
*****
Senior Member
700 posts

Joined: Nov 2009
QUOTE(GenY @ Jul 10 2017, 06:58 PM)
Talking about trends etc while ignoring fundamentals = voodoo economics? laugh.gif

Your 'prediction' is too simplistic lah, I also have some interest in  cycles and have read up on property cycles , economic cycles, emotional cycles, 10 year cycles, 20 year real estate cycles, etc etc. Now even a femes 'property guru' is talking cycles, basically saying the bottom is near and it's now time to BBB.

Having read the various experts' cycle arguments and thus becumming a semi-expert in cycles myself, I believe your "2019, 2020 confirm up balik" prediction is wrong, unless it's a slow, slow climb. Once reason being the huge incoming supply of affordable properties.

But I won't waste time going into details. I prefer the UUU crowd to be caught by (unpleasant) surprise  brows.gif
*
What fundamentals did I miss? Supply and demand? I thought I've already clarified that the current oversupply is due to people not willing to buy at current prices. But if property prices in kv drop by 20% then the demand would meet the supply. This is based on the take up of pr1ma properties in kv where the prima properties which are around 400k are swept up by people. Since currently there are many kv properties which are priced around 500k, a 20% drop would bring it to pretty much the same price tag as those pr1ma properties. People would start buying by then.

I've also mentioned that 2011 to 2014 was a super bull for the property sector, by 2020 I'm predicting it to be back to bullish, meaning prices would go up. Even slow climb is still a climb, even if the climb mirrors the inflation rate, you still end up paying more than buying during bottom.

What huge incoming supply of affordable properties are you talking about pr1ma? Rumahwip? If you really observe the launching prices of these properties, you will notice that it's not exactly much cheaper than other similar type of properties in the same area. Usually only 20-30% lower than the prices of other similar properties with the same size and location. So when the bottom comes next year or in 2019, when the other normal properties with no restrictions such as pr1ma and rumahwip drops by 20% and becomes almost the same price, it's pretty much a no brainer that people would buy the one without restrictions.
OPT
post Jul 10 2017, 10:55 PM

Wee wang wang
*******
Senior Member
2,065 posts

Joined: Feb 2011
Amboi...tak habis habis lagi laugh.gif

I'm not sure how many of you guys are in the workforce...many many got laid off, so things are not so bright in the near future.

2019/2020? What things will brighten and push up Msia economy in this 1-2 yrs? I don't think Msia is in the radar of investors...

Lets say really economy pick up in the next 1-2 yrs, even those that got employed/still working dare to take the plunge?

Dream on

My 2cents. innocent.gif

This post has been edited by OPT: Jul 10 2017, 10:56 PM
yeezai
post Jul 10 2017, 11:04 PM

-using no way as way-having no limitation as limitation-
*******
Senior Member
2,531 posts

Joined: Feb 2009
From: Land below the wind
End of year and next year is the best time to buy if one still looking for his 1st house ...
TSicemanfx
post Jul 11 2017, 12:35 AM

20k VIP Club
*********
All Stars
21,457 posts

Joined: Jul 2012


QUOTE(scorptim @ Jul 10 2017, 07:50 PM)
What fundamentals did I miss? Supply and demand? I thought I've already clarified that the current oversupply is due to people not willing to buy at current prices. But if property prices in kv drop by 20% then the demand would meet the supply. This is based on the take up of pr1ma properties in kv where the prima properties which are around 400k are swept up by people. Since currently there are many kv properties which are priced around 500k, a 20% drop would bring it to pretty much the same price tag as those pr1ma properties. People would start buying by then.

I've also mentioned that 2011 to 2014 was a super bull for the property sector, by 2020 I'm predicting it to be back to bullish, meaning prices would go up. Even slow climb is still a climb, even if the climb mirrors the inflation rate, you still end up paying more than buying during bottom.

What huge incoming supply of affordable properties are you talking about pr1ma? Rumahwip? If you really observe the launching prices of these properties, you will notice that it's not exactly much cheaper than other similar type of properties in the same area. Usually only 20-30% lower than the prices of other similar properties with the same size and location. So when the bottom comes next year or in 2019, when the other normal properties with no restrictions such as pr1ma and rumahwip drops by 20% and becomes almost the same price, it's pretty much a no brainer that people would buy the one without restrictions.
*
So you are predicting property price will drop by 20%? When this will happen?

wild_card_my
post Jul 11 2017, 01:41 AM

Look at all my stars!!
*******
Senior Member
6,562 posts

Joined: Jan 2003
From: Kuala Lumpur

QUOTE(scorptim @ Jul 10 2017, 03:37 PM)
Like I said before, aside from 2011 to 2014 property has had bull runs way before that even without us qe, it's just the rise in property prices was not as crazy as it was in 2011-2014.

The only difference right now is the over supply. But if you look at it, it's not like there's not enough people to consume the excess supply in kv, it's just that people can't afford or are not willing to pay at current price tags.

Look at pr1ma launches and how fast it gets taken up...even those 400k prima units which are in kv are taken up really fast. Now currently property in kv average is around 500k for a 1000+ sq feet 3r2b property (not landed), a 20% drop in price would bring a lot of property to pr1ma property prices. By then, people would start to buy the properties just like how people are Applying for pr1ma property. Needless to say by the time those properties drop to pr1ma prices, a lot of people who applied for prima but didnt qualify will just buy the other properties. Heck even those who already bought prima would regret by then.

You're looking at things too purely from a macro perspective, sometimes you need to look at it from a micro perspective as well.
*
Btw, how is prima able to sell at 20% discount compared to other developers? Im in mortgage but I dont know much about properties at all - there are too many of them and I couldnt be bothered
scorptim
post Jul 11 2017, 07:40 AM

Enthusiast
*****
Senior Member
700 posts

Joined: Nov 2009
QUOTE(icemanfx @ Jul 11 2017, 12:35 AM)
So you are predicting property price will drop by 20%? When this will happen?
*
Next year or 2019, latest also 2020

QUOTE(wild_card_my @ Jul 11 2017, 01:41 AM)
Btw, how is prima able to sell at 20% discount compared to other developers? Im in mortgage but I dont know much about properties at all - there are too many of them and I couldnt be bothered
*
The margins for developers are damn high wut. Even with 20% discount still profit

TSicemanfx
post Jul 11 2017, 11:28 AM

20k VIP Club
*********
All Stars
21,457 posts

Joined: Jul 2012


QUOTE(scorptim @ Jul 11 2017, 07:40 AM)
Next year or 2019, latest also 2020
The margins for developers are damn high wut. Even with 20% discount still profit
*
Since you are predicting price will drop by 20% by 2020, why not wait until 2019/20 then consider?

This post has been edited by icemanfx: Jul 11 2017, 11:29 AM
party
post Jul 11 2017, 11:32 AM

Enthusiast
*****
Senior Member
816 posts

Joined: May 2013



QUOTE(OPT @ Jul 10 2017, 10:55 PM)
Amboi...tak habis habis lagi  laugh.gif

I'm not sure how many of you guys are in the workforce...many many got laid off, so things are not so bright in the near future.

2019/2020? What things will brighten and push up Msia economy in this 1-2 yrs? I don't think Msia is in the radar of investors...

Lets say really economy pick up in the next 1-2 yrs, even those that got employed/still working dare to take the plunge?

Dream on 

My 2cents. innocent.gif
*
I am in workforce - there are lots of ppl in my company (including my crush cry.gif ) got poached off with higher salary so not sure which country you talking about being "many many got laid off"
scorptim
post Jul 11 2017, 12:29 PM

Enthusiast
*****
Senior Member
700 posts

Joined: Nov 2009
QUOTE(icemanfx @ Jul 11 2017, 11:28 AM)
Since you are predicting price will drop by 20% by 2020, why not wait until 2019/20 then consider?
*
Ayam waiting la, for now ayam just hunting for dead chicken because there are some which started to pop up from time to time, but still not going bbb mode yet. Will monitor prices next year then decide when to on bbb switch.

For now only snap up if super good deal.

229 Pages « < 28 29 30 31 32 > » Top
 

Change to:
| Lo-Fi Version
0.0312sec    0.61    6 queries    GZIP Disabled
Time is now: 15th December 2025 - 11:16 PM