How the recent hike in petrol/diesel can affect the properties (residential) value/price? If the petrol/diesel price continue to increase again, what about properties?

Increase for sure....because all building materials price will increase as well.
However there is a limit to the increase, as when ppl start not to able to afford the properties price anymore, the demand will subside, and that is when property price will come down so that supply and demand will sync again.

So we wait till it drops?

@bleeper,
If U can wait, Y not?! It's not a good time to be spending unnecessary now; keep ur $ Or well, I think the G will want U to start spending the $ to further inflate the economy

property prices will drop over the long run as cost of living increases and the demand for property drops.

For me, middle price properties in Malaysia is not going to drop anytime soon, we still have surplus of demands, look at the frens around you, aren't all of them planning to buy a house? We also will not face US kind of property credit crisis because our banks here are relatively much more stricter in approving house loan, so properties in Malaysia is still going on very strong for me, regardless what happens.

Ok ok
Will wait cos now im squatting at my brother's place.
Just thought better if i get my own place ma.

@bleeper,
If U like a place and if U can afford it, go ahead and get it But if U haven't found a place U wanna call home, U might as well hang on and look around a bit.

After some research, U'll know if its worth paying RMX for that property

I see condos now also almost 300k and most of them leasehold. Unless certain areas which have bad traffic like puchong.

well sooner or later it will worth cheaper.I think it is time for the property to slow down; or else bigger bubble will burst..
300k is consider reasonable..but look at the long run can you sustain without income?

Malaysia properties are not in a bubble at all. Only the extra high end areas (e.g. around KLCC), those might be bubbles. But for 300-400K houses, they are not bubbles. The price is there to stand for me....at least for next 3-5 years.

MY gut feel is that there'll be a glut for high rise condos so if that's what Ur looking for, I'll suggest for U to hold on a little longer.

around KLCC is bubble.isnt it a chain reaction.
how do you consider not a bubble, putrajaya? nusajaya under iskandar project?
well all this is speculated..
why not bubble?
300 to 400k ..in west malaysia is alright..but for a place out of nowhere 300 to 400k; it must be sitting on a gold mine.
how about SJ, PJ, Klang?

@KVReninem,
Like I said, it depends on the location. Prices in the town centre's always been high but i find it ridiculous to pay >RM1m to live in a pigeon hole *grins*

As to those in the other regions as U've mentioned... well, I don't know how much it cost but if it's going to be the same price as it is here in KL, I certainly wouldn't go for it, at least not in this period of time where a lot of things are uncertain.

ahhaa...pigeon hole in sky? ok.
now i`m speculating how the FDI get out malaysia in no time ..so will make malaysia suffer abit..due to retard govt system

@KVReninem,
Look on the bright side. At least we do have a Government, not a dictator like in some other countries

I do have the same feeling that property price will drop. If everything increase and people become poorer and the demand to buy house or car will drop. So, the property price should drop as well.

@kb2005,
Sub sale property prices might drop but in the long run, I doubt it'll drop by a lot because raw materials have increased [then again, it depends on how much profit these developers want to make]

This post has been edited by tinkerbel: Jun 6 2008, 01:41 PM

Ya, agree. New project price will go up but the demand will be lower. As for sub-sale, the price will probably drop.

@kb2005,
Having said that, I doubt they can increase it by much; cause it's still v much depending on the amount of $ buyers are willing to pay for a house. The other option I can think of is to use cheaper raw materials but that might pose to be a problem in the long run cause that might reduce construction quality.

Ah well.. as to sub-sale houses.. well, if a person really needs the $ and liquidate, I guess that's when U can get the property at a v good price Just need to find someone who's desperate enough

It is always good to have cash at times like this.