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 is it good time to buy house now?, pls share your thought

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zeusu
post Apr 6 2008, 12:21 AM

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well, last recession, house prices stayed stagnant in Subang/Damansara area, so I guess if there'll be a slowdown, prices will just stay stagant and not go down....but you never know.
abarai
post Apr 6 2008, 11:04 AM

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QUOTE(Pai @ Apr 5 2008, 11:45 PM)
Abarai, care to elaborate what do u meant by a "property correction"?  hmm.gif

How many drop are you expecting from this correction?
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if i can tell you that, i'll be rich!

seriously, i doubt anyone can give a precise answer to that, analyst or not. but property prices all over the world has been correcting in some degree over the past year. starting with the biggest bubbles like US and Britain, now working it's way to smaller one like HK and SG. Msia in a sense, is lucky, becoz we were rather latecomers to the property party, and that too in quite specific segments like the upper-middle and high-end side of things (KLCC area for eg). so common sense will tell you that if a particular property hasn't really risen much during the past few years, it is also unlikely to fall much even if there's a slowdown.

i've read in another forum that KLCC prices recently has stagnated and some ads has already appeared which puts prices per/sqft at less than that of say 1 month ago. however, it's still much higher that the launch prices, so these investors/speculators are not really selling at losses yet (unless they were suckered into buying at the absolute peak). that's why still too early to say if it's a clear correction yet.

property is just like other investments, sentiment driven. so if enough ppl think prices will fall further, ppl will hold back and it will likely become self fulfilling.

so, if you're looking at property as an investment, i think better wait and see. but if you're looking for a home, then don't bother timing the market, just find something you like but keep it affordable and keep your gearing in check.
noproblem
post Apr 6 2008, 11:29 PM

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"so, if you're looking at property as an investment, i think better wait and see. but if you're looking for a home, then don't bother timing the market, just find something you like but keep it affordable and keep your gearing in check."

totally agreed...
acidfreako
post Apr 7 2008, 01:33 AM

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QUOTE(rayanne @ Mar 21 2008, 12:09 PM)
hi all,

do you think it is a good time to buy a house (for living, not investment) at this point of time? concern on malaysia 2008 financial stability, estimate GDP 5.7-6%, msia construction material price increasing(steel etc.), US economy recession, and any other issues you might think of?
house info: asking price 390k, 22x80, 5rooms with auto gate alarm system, freehold located at Bandar Kinrara Nine. Completed on Jan2007,launching price 320k+.

pls share your thought
thanks

p/s:one of the concern is that if you are coming from puchong,u need to make U turn from TPM. i was told by the i&p sales person,the link access to bk5 or 6 golf club will only be build 5-7yrs later. anyone has better update?
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if you are coming from puchong keep right and turn right at the first fly over you see next to shell station on your right.
The road brings u to bandar kinrara 4,5 and at traffic light you can either go straight all the way round bk5 or turn left straight till the end then right turn at traffic light, that will bring you to golf course on your left.


TSrayanne
post Apr 7 2008, 04:41 PM

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thank u all for sharing,keep it up..

acidfreako,
BK9 is way at Caltex station.. no way to access yet even from that fly over at this point of time..
yeehs18
post Apr 7 2008, 04:50 PM

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Dont buy, just buy gold enough.... LOL

Nothing is more seductive than gold pieces... Aye... Get Yall them Gold pieces... Argr.....
Nadia_1510
post Apr 7 2008, 04:53 PM

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its all about location location and location!
safetylance
post Apr 8 2008, 11:27 AM

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QUOTE(tpl66 @ Apr 3 2008, 01:15 PM)
u sure about ? bank valuation is just a, to me a procedures, which they incure u about 150 for the charges. the final selling price is basically rely on the agree price between buyer and seller.
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tpl66,

this only applicable to under construction house or u de 1st owner of the house lar..

for 2nd hse, bank will evaluate it based on the market price & not the price in between u & ur seller..

 

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