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 Multiple Signs of Malaysia Property Bubble V20

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Veda
post Apr 12 2017, 10:55 PM

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QUOTE(axisresidence17 @ Apr 12 2017, 08:53 PM)
A lot of developers now are advertising on FB and IG πŸ˜‚πŸ˜‚πŸ˜‚
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Areas like Kajang, Bangi and even overbuilt Jalan Ampang got developer selling property at RM2XXk-RM3XXk range these days. But mostly relatively unknown developers or developers with "mixed" record or got high tensions cables or the project in the worst part of a decent location, so buyers will shoulder a fair amount of risk.


Veda
post Apr 12 2017, 11:10 PM

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QUOTE(icemanfx @ Apr 4 2017, 06:40 PM)
β€œToo many loans are still made where the borrower has the skinniest of income buffers,” Lowe said in the text of a speech to a Reserve Bank of Australia board dinner in Melbourne Tuesday. β€œIn some cases, lenders are assuming that people can live more frugally than in practice they can, leaving little buffer if things go wrong.”

https://www.bloomberg.com/news/articles/201...ky-home-lending

Believe this statement apply to the kangkong land too.
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Threads like this make me think your wet dream of a property mart crash might soon become reality laugh.gif
https://forum.lowyat.net/topic/4264634
https://forum.lowyat.net/topic/4264540

But on the other hand, I've seen ppl with a million ringgit in their bank accounts, the money just lying there not utilized ... and the big malls like Sunway Pyramid and KLCC are full on weekends, so .... confused.gif

My brave prediction is an economic crisis will hit sometime between 2017-2020. I wrote a short essay on why I think so, but deleted it because I want it to catch most ppl unaware. I want to watch the world burn devil.gif

But in the meantime, I hope you are contend with your rented apartment. I'm curious which apartment u are renting, but I guess u are not telling brows.gif
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.
Veda
post Jul 20 2017, 05:20 PM

On my way
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QUOTE(aaron1717 @ Jul 19 2017, 05:19 PM)
no la... asking a valid question also.... recently tgk share market... not as attractive as used to be already.... sometimes put in FD also better than play shares... lol....  laugh.gif  laugh.gif
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Hahaha, where have you been? Shares performed very well this year. I plan to buy more if there's a correction.

You Property Negotiator also play shares meh? Got burned by shares is it? icon_idea.gif
Veda
post Jul 20 2017, 10:45 PM

On my way
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QUOTE(wild_card_my @ Jul 20 2017, 05:40 PM)
Would you say it is currently a bear or a bull market?

Sorry noob question, I am not invested into shares.
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IMHO, we are in a secular bull market, but there may be some weakness in the near term. Basically, it means I am bullish on stocks for the next few years.

But keep in mind a person can still lose money in a bull market if he bought the wrong stocks.



Veda
post Jul 20 2017, 10:48 PM

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QUOTE(party @ Jul 20 2017, 07:14 PM)
My colleague manager diagnose wirh sickness have to stop workin. Recently bought a hse in kl area 750k. Today met said sellin at 920k coz wan go back hometown. When ask if ppl request 750? Her answer...just let it sit till some1 wan to bought near to the price she wan. Not in rush.

So bubble??
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A one off case can show whether it's a bubble? rolleyes.gif

Not to mention the opportunity cost of waiting...
Veda
post Jul 20 2017, 11:06 PM

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I don't recall posting such things .... I think u mistake me for someone else laugh.gif

But I repeat: it could be a one off case. So how could a single case show "how would ppl (if even one minus the ultra rich) have the ability to hold on to property without tnants then????:

QUOTE(party @ Jul 20 2017, 10:55 PM)
I am not saying one ofd case shiw anything. But according to u n many smart alecs economy now is very bad, property crashing so how would ppl (if even one minus the ultra rich) have the ability to hold on to property without tnants then????
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Veda
post Jul 20 2017, 11:09 PM

On my way
****
Senior Member
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Joined: Oct 2009
From: Formerly Perak, now KL
Speaking of HK prop market, I just read this yesterday:

http://www.scmp.com/week-asia/opinion/arti...e-unlucky-seven
QUOTE
From their 1997 high to their eventual 2003 low, residential prices in Hong Kong slumped by 69 per cent, inflicting grievous losses on legions of home-owners.


I'm NOT saying the same applies for Malaysian prop mart or that 2017 is a crisis year ...

QUOTE(iGamer @ Jul 20 2017, 11:01 PM)
I think not true, from what I know, when HK prop bubble burst, banks will demand loan taker to cover the the difference when house market value fall below the outstanding loan amount, if can't top up the difference, bank will rampas your prop. hmm.gif
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