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> OPR down for 2020, Good or bad

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wsoon82
post Jan 28 2020, 05:05 AM

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QUOTE(icemanfx @ Jan 27 2020, 11:18 PM)
Minister speech was from different event and different date, and minister speech is normally given in press kit. as the event or speech was non political or contentious, it is unlikely for minister to quote wrong number again.

the chart is from statistics department as given by you.
There is no argument that was a growth of urban population since 20 years ago but the growth rate has slowed in the last few years.
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user posted image

From the summary, internal migrants 89.3%+ International migrants 10.7%. Out of 89.3%, interstate migrants 28.5% and intrastate migrants 60.8%. For intrastate migrants, 6.3% urban to rural, 19.8% rural to urban.

Your own summary when posting the news "uuu/bbb used to claim; migration from rural to city increase housing demand in cities." Population in big cities do increase over the years and migration from rural to cities do increase housing demand, you are not trying to mislead the facts and say it is not the case?

Again, don't pusing and try to mislead people. Enough discussion on this. Let's stick to the topic. Opr reduction

This post has been edited by wsoon82: Jan 28 2020, 05:15 AM
icemanfx
post Jan 28 2020, 08:49 AM

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QUOTE(wsoon82 @ Jan 28 2020, 05:05 AM)
user posted image

From the summary, internal migrants 89.3%+ International migrants 10.7%. Out of 89.3%, interstate migrants 28.5% and intrastate migrants 60.8%. For intrastate migrants, 6.3%  urban to rural, 19.8% rural to urban.

Your own summary when posting the news "uuu/bbb used to claim; migration from rural to city increase housing demand in cities."  Population in big cities do increase over the years and migration from rural to cities do increase housing demand, you are not trying to mislead the facts and say it is not the case?

Again, don't pusing and try to mislead people. Enough discussion on this. Let's stick to the topic. Opr reduction
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Dr Shahruddin said 75.45% of the country’s population were living in urban areas and major cities in 2017, making Malaysia one of the most urbanised countries in South-East Asia.
https://www.thestar.com.my/metro/metro-news...on-urban-living

Few potential migrants are now left in rural areas.

Current overhang in cities is undeniable.

This post has been edited by icemanfx: Jan 28 2020, 08:51 AM
gks
post Jan 28 2020, 09:02 AM

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QUOTE(icemanfx @ Jan 28 2020, 08:49 AM)
Dr Shahruddin said 75.45% of the country’s population were living in urban areas and major cities in 2017, making Malaysia one of the most urbanised countries in South-East Asia.
https://www.thestar.com.my/metro/metro-news...on-urban-living

Few potential migrants are now left in rural areas.

Current overhang in cities is undeniable.
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Icy, most overhang are in Johor, Kedah, Penang and Perak. I am wirh you if Kedah also considered as city. KL is not even in top 5.
icemanfx
post Jan 28 2020, 09:05 AM

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QUOTE(gks @ Jan 28 2020, 09:02 AM)
Icy, most overhang are in Johor, Kedah, Penang and Perak. I am wirh you if Kedah also considered as city. KL is not even in top 5.
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What about overhang in subsale/secondary market?
gks
post Jan 28 2020, 09:12 AM

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QUOTE(icemanfx @ Jan 28 2020, 09:05 AM)
What about overhang in subsale/secondary market?
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Can show me the link or source of the numbers? IMO... No such thing as overhang in secondary market...
vckc
post Jan 28 2020, 09:29 AM

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QUOTE(gks @ Jan 28 2020, 09:12 AM)
Can show me the link or source of the numbers? IMO... No such thing as overhang in secondary market...
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If only there is actual data and source backing statements made.

QUOTE(gks @ Jan 28 2020, 09:02 AM)
Icy, most overhang are in Johor, Kedah, Penang and Perak. I am wirh you if Kedah also considered as city. KL is not even in top 5.
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Indeed. Price mismatch.

Take for instance, this one.

https://sales.pr1ma.my/my/property/malay-pr...park-perak-ipoh

251k in Ipoh for an affordable home. Makes you wonder if the developer conducted a feasibility study prior to launching.

If this is launched in KL it will be sold out quick.

This post has been edited by vckc: Jan 28 2020, 09:36 AM
gks
post Jan 28 2020, 09:41 AM

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QUOTE(vckc @ Jan 28 2020, 09:29 AM)
If only there is actual data and source backing statements made.
Indeed. Price mismatch.

Take for instance, this one.

https://sales.pr1ma.my/my/property/malay-pr...park-perak-ipoh

251k in Ipoh for an affordable home. Makes you wonder if the developer conducted a feasibility study prior to launching.

If this is launched in KL it will be sold out quick.
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Just check out the list of available PPAIM projects...

http://www.ppam.gov.my/project/list




icemanfx
post Jan 28 2020, 09:51 AM

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QUOTE(gks @ Jan 28 2020, 09:12 AM)
Can show me the link or source of the numbers? IMO... No such thing as overhang in secondary market...
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Official statistics is not available but one could estimate from past data.
Zwean
post Jan 28 2020, 10:11 AM

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QUOTE(icemanfx @ Jan 28 2020, 09:51 AM)
Official statistics is not available but one could estimate from past data.
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Can you take us through the past data, and explain your logical reasoning step by step with the facts so we know how you come to the conclusion?
wsoon82
post Jan 28 2020, 10:30 AM

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QUOTE(icemanfx @ Jan 28 2020, 08:49 AM)
Dr Shahruddin said 75.45% of the country’s population were living in urban areas and major cities in 2017, making Malaysia one of the most urbanised countries in South-East Asia.
https://www.thestar.com.my/metro/metro-news...on-urban-living

Few potential migrants are now left in rural areas.

Current overhang in cities is undeniable.
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You still don't understand, the previous news you shared was misleading with your own conclusion, the problem is you will keep sharing it the next few years.

No doubt population density for big cities are increasing over the years. This will increase the demand, but supply is limited by available land in the cities. The more I talk to you, the more I think I should divert more investment to properties smile.gif

You won't be able to save the world, plan for yourself, it is always better to get prepared and buy when young. Low opr is good to help repay faster if one is discipline.

This post has been edited by wsoon82: Jan 28 2020, 10:32 AM
icemanfx
post Jan 28 2020, 11:40 AM

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QUOTE(Zwean @ Jan 28 2020, 10:11 AM)
Can you take us through the past data, and explain your logical reasoning step by step with the facts so we know how you come to the conclusion?
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How many % of new launch was bought for flipping since 2011? How many of these bought to flip have sold or still remains in the market?

QUOTE(wsoon82 @ Jan 28 2020, 10:30 AM)
You still don't understand, the previous news you shared was misleading with your own conclusion, the problem is you will keep sharing it the next few years.

No doubt population density for big cities are increasing over the years. This will increase the demand, but supply is limited by available land in the cities. The more I talk to you, the more I think I should divert more investment to properties smile.gif

You won't be able to save the world, plan for yourself, it is always better to get prepared and buy when young. Low opr is good to help repay faster if one is discipline.
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As redevelopment is a option, there has never shortage of land for new building even in metropolitan like Shanghai, Beijing, London, NYC, etc. What's more, there are amber land available in kv.

For certain, no matter how much facts is presented, those blinded by greed couldn't be saved.

This post has been edited by icemanfx: Jan 28 2020, 11:43 AM
Zwean
post Jan 28 2020, 11:42 AM

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QUOTE(icemanfx @ Jan 28 2020, 11:40 AM)
How many % of new launch was bought for flipping since 2011? How many of these bought to flip have sold or still remains in the market?
As redevelopment is a option, there has never shortage of land for new building even in metropolitan like Shanghai, Beijing, London, NYC, etc. What's more, there are amber land available in kv.
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Data please.
icemanfx
post Jan 28 2020, 11:44 AM

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QUOTE(Zwean @ Jan 28 2020, 11:42 AM)
Data please.
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Raw data is available from napic and banks. Be friend with your bank manager, ze may give you some estimates.

This post has been edited by icemanfx: Jan 28 2020, 11:45 AM
Zwean
post Jan 28 2020, 11:45 AM

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QUOTE(icemanfx @ Jan 28 2020, 11:44 AM)
Raw data is available from napic and banks. Be friend with your bank manager, ze may give you some estimates.
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In other words you came to the conclusion without any data and reference.
gks
post Jan 28 2020, 11:53 AM

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QUOTE(icemanfx @ Jan 28 2020, 11:44 AM)
Raw data is available from napic and banks. Be friend with your bank manager, ze may give you some estimates.
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Data mentioned... More than. 90% borrowers only have one housing loan.
icemanfx
post Jan 28 2020, 12:06 PM

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QUOTE(Zwean @ Jan 28 2020, 11:45 AM)
In other words you came to the conclusion without any data and reference.
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Mean you don't know me well enough.

QUOTE(gks @ Jan 28 2020, 11:53 AM)
Data mentioned... More than. 90% borrowers only have one housing loan.
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As it is total number include number before 2011. What about numbers from 2011?
Zwean
post Jan 28 2020, 12:18 PM

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QUOTE(icemanfx @ Jan 28 2020, 12:06 PM)
Mean you don't know me well enough.
As it is total number include number before 2011. What about numbers from 2011?
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I don’t need to know you.

What I want is data that you can reference us to, so that we can acknowledge your point of view.

If you can’t even provide the source. Then your argument is invalid.
icemanfx
post Jan 28 2020, 12:28 PM

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QUOTE(Zwean @ Jan 28 2020, 12:18 PM)
I don’t need to know you.

What I want is data that you can reference us to, so that we can acknowledge your point of view.

If you can’t even provide the source. Then your argument is invalid.
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As said data or source is available from napic and banks. Whether you consider my opinion valid or not is irrelevant. As reality is out there.

This post has been edited by icemanfx: Jan 28 2020, 12:31 PM
Zwean
post Jan 28 2020, 12:33 PM

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QUOTE(icemanfx @ Jan 28 2020, 12:28 PM)
As said data or source is available from napic and banks. Whether you consider my opinion valid or not is irrelevant. As reality is out there.
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How do you break down the data and what is the methodology used to analyze them to derive your conclusion?
TSManutdGiggs
post Jan 28 2020, 12:40 PM

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QUOTE(gks @ Jan 28 2020, 09:12 AM)
Can show me the link or source of the numbers? IMO... No such thing as overhang in secondary market...
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There isn't any answer after so many yrs for tis request fr most forumers here.

Suan le bah

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