Welcome Guest ( Log In | Register )

4 Pages < 1 2 3 4 >Bottom

Outline · [ Standard ] · Linear+

 PROPERTY MARKET TO BE BADLY HIT IN 2018, Tekan the greedy sellers to the max!

views
     
icemanfx
post Nov 25 2017, 09:22 AM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(pearl_white @ Nov 25 2017, 07:46 AM)
How the property market turns out really doesn't matter.  I mean you guys are not the first in the property investment thing.  There were many people before us that done this in M'sia since the 1950s.  Ask yourself, where are they today?

Property developers are in the business (they see it the highest returns) to buy/lease land, build and sell.  They don't own and rent out do they?  Why is that?  Do they see no future possibility in they owning properties for rent?

Just for information, the equilibrium prices for the properties before all this "hype" in the 1990s.

2 level Terrace house (20 x 70/75) - rm150k
2 level Semi-D (40x80) - rm200k
2 level Bungalow (50x100) - rm400k

When supply stablises and when when population mix/growth stablises, what price do you think these properties would go vs. now?
*
Property price rise at about inflation rate in the long term. At 6% p.a, after 22 years is about 3.6 times.

In 2030, the kangkong land will become aging nation. From experience in Japan, demand for property will be less.

https://www.nst.com.my/news/nation/2017/08/...womens-ministry

Property investment is not newly invented or discovered. During the 2011-204 bull run, for reasons, most investors are gen x and y.


This post has been edited by icemanfx: Nov 25 2017, 09:25 AM
icemanfx
post Nov 25 2017, 02:49 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(AskarPerang @ Nov 25 2017, 12:35 PM)
Market crash? See this scene. Today!!!

[attachmentid=9373944]

[attachmentid=9373951]
*
QUOTE(DisneyHome @ Nov 25 2017, 01:32 PM)
This is Aset Kayamas latest launched

The Holmes 2 at Cheras, adjoining between Taman Midah & Permaisuri
*
For every one ak buyer, potentially one fewer buyer in subsale market.

icemanfx
post Nov 25 2017, 05:09 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(urbanite @ Nov 25 2017, 04:51 PM)
A good property investment should also give a a decent rental yield, on top of the capital gain. And not forgetting leveraging also. Initial investment for the RM220k property could well be in the region of RM30k only.
*
Leveraging amplified both profits and losses, is useful in short term investment but could be a burden in the extended period especially when bank interest rate rise.

Low entry cost is a bait by developer, again is useful for short term investment and could be a burden in the long term as it incur higher interest payment.


icemanfx
post Nov 25 2017, 05:21 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(ManutdGiggs @ Nov 25 2017, 03:57 PM)
I concur but with my own views thou.

Anw bitcoin is no different to prop flipper. Many seasoned prop investors dun simply just sell.

Anw again, noone able to bring away athg after the last breath. So noone should bring the cows home 🤣🤣🤣

Lastly I wish there ll b zero supply regardless of price. We dun need a pea brain minister to joke everyday.
*
Hope your Arcadia dpc unit has rented out. Find foods outlet there subpar and not many could afford to dine regularly especially students like me.

This post has been edited by icemanfx: Nov 25 2017, 05:28 PM
icemanfx
post Nov 25 2017, 05:32 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(ManutdGiggs @ Nov 25 2017, 05:28 PM)
U must read the tered to know when I rented out my units. 😂😂😂

Pay attention la
*
Glad to know and good for you.

icemanfx
post Nov 26 2017, 11:35 AM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(myhouse @ Nov 26 2017, 08:45 AM)
"Hope everyone is clearer that when property prices drop drastically, that is a crisis. During a crisis, property is not even going to be the main thing we think about. It’s more of survival; keeping our jobs, minimising expenses etc. Happy viewing and buying ONLY when you are ready. "
*
Property price in sg and HK dropped fairly significantly a few years ago without adverse effects on the aggregate economy. Property price drop doesn't has to associate with economic crisis; similarly, property price rise in 2011 to 2014 was not caused by vibrant economy.


This post has been edited by icemanfx: Nov 26 2017, 11:39 AM
icemanfx
post Nov 26 2017, 01:30 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(hhho @ Nov 26 2017, 11:15 AM)
A picture speaks thousand words.......
There's still lot of buying interest out there.
Don't take the words of these property gurus seriously?
*
Even during economic recession, there will still be property transaction; it is a matter of volume. With liquidity tightening and interest rate rise, transaction volume is likely to slow.

For every buyer in new launch, potentially one fewer buyer for launched project and subsale. Those overhang units is likely to stay for considerable period of time.

icemanfx
post Nov 26 2017, 01:48 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(thecaterpillar @ Nov 26 2017, 01:40 PM)
It just prove that demand is there. Not proving that the buyers will laugh to the bank because of this purchase. Also, not everyone purchase property for investment too..

As long as it's at the right price and location, demand will still be there.
*
There is always demand even during economic recession, it is a matter of volume.


icemanfx
post Nov 26 2017, 04:49 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(thecaterpillar @ Nov 26 2017, 01:07 PM)
Lol. Think again... when u talk about investment, u r putting ur money and hoping for return. When u buy a property, say u pay 10% and the rest loan, u r investing only a fraction on the purchased price. Over the years u add some cost into installment, but what about rental income? So in the end u calculate purchase price vs selling price. The return is not calculated like that, but it's based on the amount u put in and the cost of disposing it...That's ur investment. That's simplistic way of calculating.

Of course the cost is also not in full up front, some is installment, some cost incurred during sale...however, investment wf loan and property upkeep is a commitment, unlike u buying stock. U can just pay one go and wait till u sell for gain. Just wanted to say the comparison the guy did is not right to calculate that way.
*
Subject to tenanted and bank interest rate.

icemanfx
post Nov 27 2017, 10:36 AM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(Showtime747 @ Nov 27 2017, 09:06 AM)
http://www.freemalaysiatoday.com/category/...-working-class/
What's wrong with this unker ? Last time ask us to wait price will come down from RM500k to RM300k.

Now say prices won't fall....

I hold and don't buy this year, now what ? Give us false hope only ?  mad.gif  mad.gif
*
Typical of for the tree and miss the forest, nitpicking will not change the market momentum.

icemanfx
post Nov 27 2017, 10:38 AM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(David_77 @ Nov 27 2017, 10:11 AM)
https://www.facebook.com/theedgemarkets/pos...016179411928457

Strong sign of rate increase in 2018.

Those who can hold - no issue, except maybe cut down on CoffeeBean or movies

Those who can’t hold - better be prepared

Those who still ada bullets - good timing to pick from auctions

Thoughts anyone?
*
Rate rise is a foregone conclusion, it is a matter of quantum.

With household debt closed to 90% of gdp and less than 3% of adults in kangkong land have over us$100k net worth, liquidity tightening will have more profound impact than rate rise.

icemanfx
post Nov 27 2017, 11:58 AM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(brother love @ Nov 27 2017, 11:12 AM)
Raising interest rates is like shooting oneself and will be suicidal..its like askig people to buy and invest wit low rates 1st than raise the rates end up most buyers fail to service their loans and market crash..

Anf dvlopers pls dunt take consumers for fools by building high rise flats udr affordable segment, we want 22x75 landed at Rm300k to Rm400k!!
*
Interest rate and liquidity tightening is almost inevitable. leverage amplified both profits and losses. empirically, those with loan service ratio of above 30% of income are at risks of loan default.

QUOTE(gugukrez @ Nov 27 2017, 11:14 AM)
if price crash.. not to forget.. the bank loan also will crash..
*
Housing loan is only about 30% of local banks loan portfolio; hence, banks could withstand up to certain % of loan impairment without systemic risks.

QUOTE(ameliorate @ Nov 27 2017, 11:43 AM)
Exactly. Those keep delaying their purchase waiting for price crash, did not think through what will happen. Housing is very illiquid. It effects everyone. Be carefull what you wish for...
*
Property price dropped in sg and hk a few years ago didn't have adverse effect on aggregate economy.

QUOTE(Rabel @ Nov 27 2017, 11:55 AM)
Property is for cash rich ppl n cash rich ppl prefer land instead of housing at this market situation
If see the data, 80% of unsold units is above 250k, around 70% if not mistaken unsold units is between 250k to 1 mil.
Poor ppl still poor, middle income ppl become middle lower.
Rich ppl still rich.
*
However, data show; the rich become richer, the poor remain poor and the middle class become the new poor.


This post has been edited by icemanfx: Nov 27 2017, 12:03 PM
icemanfx
post Nov 27 2017, 01:02 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(Rabel @ Nov 27 2017, 12:17 PM)
So middle class ppl need to wait or should not wait ? Wait for price drop or wait for become new poor?
*
QUOTE(David_77 @ Nov 27 2017, 12:22 PM)
Don't wait but buy within means. Don't need to own 10 properties if one knows it will kill him/her in the long run.

But buy now cos if nothing else happen, the inflation rate will cause the price to be higher.
*
Adding debts may make one happy but doesn't necessary make one richer.

QUOTE(BEANCOUNTER @ Nov 27 2017, 12:48 PM)
experts and politicians needs to be practical also....

50yrs ago...a landed cost only under 20k
25yrs ago...a landed cost around 200-250k

why they expect NOW everybody (95%) of working population be able to afford 250k homes and house price remains at 250k?
*
At 6% p.a. compounded, $250k after 25 years become $1.07m.

The issue is income didn't rise as fast as inflation, partly due to increasing population, poor improvement in productivity, etc

icemanfx
post Nov 27 2017, 01:35 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(hummels @ Nov 27 2017, 01:19 PM)
everybody should be praying for the property market to be badly hit next year...it is a good thing...not a bad one...
*
Pray or no pray, be it good or bad, long term equilibrium always prevail.

icemanfx
post Nov 27 2017, 02:14 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(kurtkob78 @ Nov 27 2017, 01:49 PM)
Expert did their analysis.

Moody's expects decline in property prices due to supply overhang

https://www.thestar.com.my/business/busines...upply-overhang/
*
“Furthermore, we believe that suspending new property development will not correct the oversupply situation over the next five years, when property projects now in development enter the market,” it said.

Read more at https://www.thestar.com.my/business/busines...J2PzCwoTCSUB.99

With bank interest rate rise and liquidity tightening, it could be the perfect storm.

With household debt at about 90% gdp and less than 3% of adults in the kangkong land have over us$100k net worth; wonder how many could sustain extended period of negative cash flow.


This post has been edited by icemanfx: Nov 27 2017, 02:16 PM
icemanfx
post Nov 27 2017, 02:48 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(David_77 @ Nov 27 2017, 02:20 PM)
Hee... hee... Guess it’s the same for everyone.

Invested wants price to keep going up.
Missed the boats wants price to crash.
Even those not doing investing, wants to be acknowledged for their ‘wisdoms’.
*
For reasons only less than 3% of adults in the kangkong land has over us$100k net worth.

icemanfx
post Nov 27 2017, 04:25 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(Rabel @ Nov 27 2017, 04:13 PM)
This is chicken n egg issue. Income din rise as fast as inflation.....
So, the mean ppl should not wait, should buy early since we know this issue. Do u think for those dun want to buy now, one day their income will rise as fast as inflation?

Better buy 250k now n to work out how to settle the debt as fast as possible better than after 25 yrs buy the 1 mil same house.

Waiting and waiting, may not get the cheaper deal but may get the ppl middle income become poorer
*
The answer is very subjective e.g. at which stage of economy cycle, etc. joining the herd blindly will likely ended up in the slaughter house.

QUOTE(Boldnut @ Nov 27 2017, 03:42 PM)
u dont know him ar? he more like grandpa already... not unker.  laugh.gif

he is a chartered surveyor with 40yrs experience from property valuation. not investor.  icon_idea.gif

property valuation vs property investment IN PRACTICE is 2 diff thing. know how to value for bank doesnt mean know how to spot cheap deals.

if you got problem with dispute, real estate law = find him.
if you ask for advise where to invest, please choose somebody else.  laugh.gif
*
You will be surprised with number of multi-millionaires among chartered surveyor, who knew and took advantages of value buy.


This post has been edited by icemanfx: Nov 27 2017, 04:28 PM
icemanfx
post Nov 27 2017, 04:59 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(David_77 @ Nov 27 2017, 04:28 PM)
Or sell too early and sulk all the way? biggrin.gif
*
Property is illiquid, better to sell when market is frenzy e.g buyers are knocking at the door than in buyer's market. Those hoping to sell at peak price are likely end up holding for extended period.

icemanfx
post Nov 28 2017, 11:53 AM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(5tar5cr3am @ Nov 28 2017, 10:25 AM)
After reading through this thread, I can`t make up my mind whether to proceed in buying my first property or not
It`s a 300k Rumawip

IF the monthly pay is around RM1.5k-1.8k (installment + Maintenance) , it should not be a problem.
What I dont understand is how the "bank negara rate hikes" will affect me?

http://www.theedgemarkets.com/article/stro...ambank-research

Please enlighten.

and does the Flexi or non-flexi affect in anyway? which would be better/

Thanks in advance  notworthy.gif
*
As long as your loan service ratio is below 20% of your income, you should have enough buffer for rate rise.

icemanfx
post Nov 28 2017, 12:12 PM

20k VIP Club
*********
All Stars
21,454 posts

Joined: Jul 2012


QUOTE(BEANCOUNTER @ Nov 28 2017, 11:58 AM)
hehe...if 300k is 20% of his income...he would have aim to buy property at 600k lioa...... devil.gif
*
He may buy $600k home with combined income.

Empirically, loan service ratio exceed 30% of income is stressed.


4 Pages < 1 2 3 4 >Top
 

Change to:
| Lo-Fi Version
0.0398sec    0.64    7 queries    GZIP Disabled
Time is now: 28th November 2025 - 02:52 AM