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Multiple Signs of Malaysia Property Bubble V20
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Suarez23
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Sep 27 2018, 04:20 PM
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Getting Started

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Just a question to ask you'll opinion, I had a friend ask me this question and I don't know what is the best answer for him. He has 2 condo is KV that already paid off. Rental for this 2 unit total is RM3600. He himself staying in a landed property in KV. His Condo in KV currently bank value at RM410k and the other one is 550K. He wanted to sell this 2 unit and use the cash to buy Eco Santuary Semi D that cost around 1.6-1.8mil. The house that he currently staying he only owe 330k and he wanted to sell around 1.4-1.5 mil. So he ask me should he sell this 3 property and get a Semi D in Eco sanctuary? I really don't know how to answer him. What i see he has a passive income RM3600 every month, current house he stayed are endlot unit DSL are around 2200SF. Repayment for this DSL house are below 2k. I really don't know what is the best answer for him. What you guys will do if you're him?
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Suarez23
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Sep 28 2018, 01:03 AM
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Getting Started

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Actually the one i really want to see drop price is the food and daily use barang. Those hawker and market sellers keep increasing their price. Haizzz...
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Suarez23
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Sep 29 2018, 08:25 PM
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Getting Started

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QUOTE(icemanfx @ Sep 29 2018, 03:31 PM) Sell so low and yet you still owe bank and you still need to repay bank the remaining.. What's the theory on this? Can someone enlighten me?
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Suarez23
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Nov 26 2018, 10:41 AM
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Getting Started

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Why hope for property to bubble? I rather hope and wish our economy are booming, everyone can make their money. Every can afford a home. Property bubble means economy are no good, even you think you can buy now...but do you dare to commit when you know economy are bad? Of coz minus those who are cash rich la.
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Suarez23
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Nov 27 2018, 12:10 PM
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Getting Started

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QUOTE(icemanfx @ Nov 26 2018, 01:28 PM) Property bubble formed in 2011-2016. As income didn't rise faster and higher than property price, property price become un-affordable to most; hence, disposable income/consumers spending drop when more properties are vped. Where are your bbb/uuu kaki? we need them to give inspiration to property investors. That what i said....When our economy is good, salary will be high and all houses are affordable to everyone. If you have no money, even property is below 100k you also will say high. Like i said, if economy is bad will you dare to commit buying a property or not? You might lose a job, if you do business you might not get your payment in time. So back to square one, property price low but economy no good. So your blood knee low price, how low you want it to be? Price back to the 80s or 90s?? Or 50s...60s? There are times in early 2000 1U houses sub sale are selling 400-500k. Property bubble during that time 1U price down around 330k-400k. I know this because my sister neighbour that time wanted to sell 380K. My sis ask me to buy, but that me no money and just started my career. My sister bought only below 200k. In other words first hand owner are still making decent money. Actually there are many affordable houses in KV, many still can afford to buy their first home. Hope for better economy, better malaysia la, currency strong than HO SEH already...you have look at it in a different perspective.
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Suarez23
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Nov 27 2018, 04:05 PM
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Getting Started

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QUOTE(icemanfx @ Nov 27 2018, 12:45 PM) Cost of doing business in malaysia is expensive due to indirect taxes (e.g levy, etc), inefficiency and leakages, companies couldn't afford to pay high wages. it will take a few years for current gomen to make changes. until changes is made, economy and wages is unlikely to improve significantly. most bought property with bank loan, high house price mean higher bank loan, more is spent on loan interest and repayment, less on disposable income. This is actually what you think.But I still see some of my friends that their salary are in 5 figure. You're right most houses bought with bank loan, but you have to understand that if the market is bad how cheap of the property also you dare not commit. In early 2000 i witness many retrenchment and pay cut during bad times, you dare to commit? Property is on the high side now, but still affordable by many.
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Suarez23
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Dec 7 2018, 04:16 PM
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Getting Started

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QUOTE(icemanfx @ Dec 4 2018, 10:46 PM) Property price is opaque, a price can't generalize the market or vice versa. when blood is knee deep on floor, people will feel it. You really have so much GRUDGE to those who make during bull run ya. All your comment really fill with jealousy. What is ur intention or motive to see such a property collapse? To see the BBB to suffered? Relax la, you need to be as cool as ICE la bro.....
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Suarez23
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Jan 8 2020, 02:04 PM
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Getting Started

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Property bubble or not is hard to say, It depends on which area. If you talk about KLANG VALLEY, most of the property are bought during the 80s, 90s. During 2010 onwards property suddenly shot up. Many of them are already paid off or left minimal years for repayment and their instalment are low. KV property are around 800k-1mil above for a landed property. Can we still hope that the property will bubble to 200-300k for a landed property in KV? All this Aunty Uncle can really hold their price because they bought it cheap.1U, PJ, USJ, PUCHONG all bought new below 200k. New property Yes, today property no longer can flip....just buy and stay. If you hv no money 150k property u'll feel expensive, if you're rich 10million house in Dsara Heights is cheap. Hope for a better Malaysia with a better Economy, so everyone here have the spending power. All you need is to work towards it. Property price 500-600k everyone here hoping for bubble but 500-600k car no-one actually says anything about it.
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Suarez23
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Jan 9 2020, 04:44 PM
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QUOTE(icemanfx @ Jan 9 2020, 05:34 AM) Those bought for own stay, property price rise or drop has no material effect. Until overhang is reduced substantially, price will remain suppressed. As most poorperly investors bought with bank loan; price rise slower than loan interest incurred would be a financial losses. The longer vendors holding on to it, the higher his cost will be. Overstretched investors and developers will buckled. Many auction prices are already substantially cheaper than m.v. and subsale price will likely converge. How many 500-600k cars are sold each year vs overall cars market? What you said now are all new property. Im saying those old property in KV. Im not talking about how many people buying 500-600k car. Im talking about the price tag.
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Suarez23
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Sep 21 2021, 10:38 AM
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Getting Started

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Now at this point of time properties are for own stay. Investor have to take it as a long term investment. Property bubble? Not in matured location, it will never happen. If this really happen, properties drop 50% from today market price....do you think you can compete with this cash rich Investor? They'll grab it before you have a chance to even view the properties.
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