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> Best time to buy house now?

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smartinvestor01
post Nov 10 2018, 03:06 PM

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There are still low price property out there..

The problem, to me, is on the LTV (Loan to Value).

The 3rd loan is 70%, which is a big challenge..
icemanfx
post Nov 10 2018, 03:47 PM

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QUOTE(smartinvestor01 @ Nov 10 2018, 03:06 PM)
There are still low price property out there..

The problem, to me, is on the LTV (Loan to Value).

The 3rd loan is 70%, which is a big challenge..
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If one couldn't save for 10 or 20% down payment may be stretched to make loan repayment. Before 2011, these was considered subprime.

ry8128
post Nov 10 2018, 04:30 PM

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Best time to buy a house will always be now.

Things to consider is should u go for loan or cash. If cash, by all means go ahead, you wont lose. If loan, u nid to recalculate everything..

Anyway, I still feel the stagnant market is gonna end soon smile.gif

Sooner or later it will be back to normal.
icemanfx
post Nov 10 2018, 06:09 PM

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QUOTE(ry8128 @ Nov 10 2018, 04:30 PM)
Best time to buy a house will always be now.

Things to consider is should u go for loan or cash. If cash, by all means go ahead, you wont lose. If loan, u nid to recalculate everything..

Anyway, I still feel the stagnant market is gonna end soon smile.gif

Sooner or later it will be back to normal.
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Property price is unlikely to rise until overhang has reduced substantially and overhang has yet to peak.

puchongite
post Nov 10 2018, 06:30 PM

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QUOTE(ry8128 @ Nov 10 2018, 04:30 PM)
Best time to buy a house will always be now.

Things to consider is should u go for loan or cash. If cash, by all means go ahead, you wont lose. If loan, u nid to recalculate everything..

Anyway, I still feel the stagnant market is gonna end soon smile.gif

Sooner or later it will be back to normal.
*
You are right, you have a feeling. I have different feeling.
ry8128
post Nov 10 2018, 06:54 PM

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QUOTE(puchongite @ Nov 10 2018, 06:30 PM)
You are right, you have a feeling. I have different feeling.
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True, different ppl have different feeling..

Same goes to the ppl who have the feeling property bubble gonna burst every year for the past 10 years smile.gif
CuriousDude
post Nov 10 2018, 06:57 PM

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When one say normal, what does it mean?

Property market boom again like abt 10 years ago? or property market revert to price before the previous general price hike.

Or simply..market pick up with activity like that in 2012?
gld998
post Nov 11 2018, 09:20 AM

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QUOTE(CuriousDude @ Nov 10 2018, 06:57 PM)
When one say normal, what does it mean?

Property market boom again like abt 10 years ago? or property market revert to price before the previous general price hike.

Or simply..market pick up with activity like that in 2012?
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if we all can predict the future, we all be billionaires
leodinouknow
post Nov 11 2018, 10:13 AM

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QUOTE(CuriousDude @ Nov 10 2018, 07:57 PM)
When one say normal, what does it mean?

Property market boom again like abt 10 years ago? or property market revert to price before the previous general price hike.

Or simply..market pick up with activity like that in 2012?
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buy what property? buy toto better if you can predict future
icemanfx
post Nov 11 2018, 12:14 PM

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It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China’s slowdown as tech stocks plunged. Just like that, the region’s equity benchmark erased weekly gains and posted its sixth slide in seven weeks. The MSCI Asia Pacific Index slumped 1.2 percent Friday, worsening the wipeout that already erased $4.3 trillion of market value this year.

It’s anyone’s guess how regional stock markets will do on Monday but it isn’t looking good right now: the S&P 500 Index dropped 0.9 percent Friday and futures contracts on the Nikkei 225 fell. Of note: energy companies were, by far, the biggest decliners, followed by tech shares as Tencent Holdings sank almost 5 percent. Watch for its quarterly results next week — analysts expect the giant will report its slowest revenue increase in more than three years.

One thing that might be worth keeping an eye on is data around China’s consumption — car sales fell for a fifth month and and Ctrip.com International joined the likes of Baidu and Alibaba Group Holding in being unable to avoid the economic slowdown.

Also throwing cold water on the recovery is the U.S. dollar, which resumed its appreciation as the Federal Reserve signaled it’s still ready to increase rates in December. The strong greenback has been a key concern for investors in the region, as it’s weakened local currencies and triggered massive outflows from emerging-market assets. There are also some country-specific news to keep in mind:

https://www.financialexpress.com/market/asi...deeper/1377614/

For those waiting for stock market crash to impact property market.

a major difference between stock and property market is liquidity.


This post has been edited by icemanfx: Nov 11 2018, 12:16 PM
SUSNew Klang
post Nov 11 2018, 12:20 PM

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Crisis is opportunity
icemanfx
post Nov 11 2018, 12:45 PM

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QUOTE(New Klang @ Nov 11 2018, 12:20 PM)
Crisis is opportunity
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Buy when blood is knee deep on the floor.


koja6049
post Nov 11 2018, 01:23 PM

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QUOTE(leodinouknow @ Nov 11 2018, 10:13 AM)
buy what property? buy toto better if you can predict future
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Future can always t predicted although not with 100% certainty. All you have to do is due diligence and some logical thinking.

When buy property, is not simply hentam one. You must look at the development of the area as a whole. Remember when demand is up, property price goes up, very simple logic. So just look at the factors where demand can be driven up, which includes job creation, population increase, shift of demography factors like age, income level, marital status, citizenship status, etc.
icemanfx
post Nov 11 2018, 01:33 PM

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QUOTE(koja6049 @ Nov 11 2018, 01:23 PM)
Future can always t predicted although not with 100% certainty. All you have to do is due diligence and some logical thinking.

When buy property, is not simply hentam one. You must look at the development of the area as a whole. Remember when demand is up, property price goes up, very simple logic. So just look at the factors where demand can be driven up, which includes job creation, population increase, shift of demography factors like age, income level, marital status, citizenship status, etc.
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Population growth is slowing down and Malaysia will become a ageing nation in about 2030.

koja6049
post Nov 11 2018, 01:58 PM

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QUOTE(icemanfx @ Nov 11 2018, 01:33 PM)
Population growth is slowing down and Malaysia will become a ageing nation in about 2030.
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Malaysia still pretty young if you compare to singapore, japan, korea.

http://onlineapps.epu.gov.my/sdg/images/sd..._Projection.pdf

By 2040, there's still >50% in the working age, and 14% in the retirement age. The working people who will still be buying houses.

You'd probably worry in the year 2080 and beyond.
icemanfx
post Nov 11 2018, 02:25 PM

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QUOTE(koja6049 @ Nov 11 2018, 01:58 PM)
Malaysia still pretty young if you compare to singapore, japan, korea.

http://onlineapps.epu.gov.my/sdg/images/sd..._Projection.pdf

By 2040, there's still >50% in the working age, and 14% in the retirement age. The working people who will still be buying houses.

You'd probably worry in the year 2080 and beyond.
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Malaysia an ageing nation by 2030 — Minister

KUCHING: Malaysia is set to be an ageing nation by 2030 when 15 per cent of its total population now become senior citizens by then – given the age group 60 years old and above is classified under that category.

http://www.theborneopost.com/2018/03/13/ma...-2030-minister/

How old age pensioners in SG, Japan and Korea is relevant to local property market?

There is always demand for property even in ageing nation, it is a matter on volume.

By 2040, recently vped condo will be over 20 years old, may not be preferred by those looking for new home.

This post has been edited by icemanfx: Nov 11 2018, 02:44 PM
ManutdGiggs
post Nov 11 2018, 03:11 PM

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QUOTE(icemanfx @ Nov 11 2018, 02:25 PM)
Malaysia an ageing nation by 2030 — Minister

KUCHING: Malaysia is set to be an ageing nation by 2030 when 15 per cent of its total population now become senior citizens by then – given the age group 60 years old and above is classified under that category.

http://www.theborneopost.com/2018/03/13/ma...-2030-minister/

How old age pensioners in SG, Japan and Korea is relevant to local property market?

There is always demand for property even in ageing nation, it is a matter on volume.

By 2040, recently vped condo will be over 20 years old, may not be preferred by those looking for new home.
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Bangsar n ur tunku san House r more than 20yo
koja6049
post Nov 11 2018, 03:41 PM

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QUOTE(icemanfx @ Nov 11 2018, 02:25 PM)
Malaysia an ageing nation by 2030 — Minister

KUCHING: Malaysia is set to be an ageing nation by 2030 when 15 per cent of its total population now become senior citizens by then – given the age group 60 years old and above is classified under that category.

http://www.theborneopost.com/2018/03/13/ma...-2030-minister/

How old age pensioners in SG, Japan and Korea is relevant to local property market?

There is always demand for property even in ageing nation, it is a matter on volume.

By 2040, recently vped condo will be over 20 years old, may not be preferred by those looking for new home.
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Not really. SG's ageing population is now facing oversupply of property. This is due to old people selling their properties in order to obtain more retirement funds. The term is called "downsizing".

Singapore used to have a young foreign workforce to soak up the excess property. But now due to change in their immigration policies, less foreign people are coming in and this results in a downturn in property prices.

You'll only know these things if you lived there. I was in sg for 10+ years biggrin.gif
icemanfx
post Nov 11 2018, 04:38 PM

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QUOTE(oro999 @ Nov 11 2018, 04:01 PM)
What are your thoughts on P2P, will the sceme increase the price?
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P2p funding is from same liquidity pool, p2p cost of funds is higher, unregulated p2p will end up either money game or scam, p2p largely benefits developers.

Property price is unlikely to rise until overhang is reduced substantially and overhang has yet to peak.

This post has been edited by icemanfx: Nov 11 2018, 04:59 PM
icemanfx
post Nov 11 2018, 04:47 PM

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QUOTE(koja6049 @ Nov 11 2018, 03:41 PM)
Not really. SG's ageing population is now facing oversupply of property. This is due to old people selling their properties in order to obtain more retirement funds. The term is called "downsizing".

Singapore used to have a young foreign workforce to soak up the excess property. But now due to change in their immigration policies, less foreign people are coming in and this results in a downturn in property prices.

You'll only know these things if you lived there. I was in sg for 10+ years  biggrin.gif
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Pool of citizens aged 65 and older grew to 14.4% this year, from 9.4% in 2007, as lifespans increase and births stay low

https://www.straitstimes.com/singapore/spor...an-a-decade-ago

So similar property oversupply will occur in this country from about 2030?

This post has been edited by icemanfx: Nov 11 2018, 04:58 PM

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