Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 Property price/value (Petrol hike), How petrol hike can affect price/value?

views
     
aaronpang
post Jun 9 2008, 03:19 PM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(gkl83 @ Jun 9 2008, 10:12 AM)
i read newspaper yesterday regarding the raw materials (cement, steel bar, etc)...
due to petrol, electric, water hike caused the the citizens having low and middle salary range may no afford to buy houses... government may decide to provide rebate for the developers of the raw material to reduce to house pricing, so citizen afford to buy house later... is it possible for government to do so?
*
To me this is a case of robbing Peter to to pay Paul...

Makes little difference in the end...

Altho right now I've planned some minor renovations I've to quickly confirm and lockdown the prices before it increases sad.gif again doh.gif
aaronpang
post Jun 16 2008, 10:27 AM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(leongal @ Jun 13 2008, 11:14 PM)
i heard from an expert that the property prices would go down soon as some of those who took up loan would not be able to repay the loan, and then let to bank selling off the properties.....and these would lead to cheap buys
*
Auction properties are troublesome and risky for the inexperienced...

With prudent planning, buffer savings and spending cutbacks - majority of existing home buyers will ride through the recent petrol price increases.

Right now the full impact of building materials increase and petrol hike has not been fully realized in the pricing of existing properties.

There's never been a better time to buy new ready build properties. Supply is high and demand is low so why wait for foreclosure/auction houses hmm.gif

Anyway I'm not a investor my views are just casual observations sweat.gif what do you guys think?
aaronpang
post Jun 17 2008, 05:46 PM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(Molotov Cocktail @ Jun 16 2008, 10:10 PM)
Hi, I'm newbie here. This my opinion on how the rise of petrol can affects properties price. I think the price will increase because people tend to seek a property that is in vicinity of their working area to save petrol cost.
*
The rise in price currently is due to increase in the cost of building materials and petrol rather than increased demand from buyers trying to save on petrol.

QUOTE
HOUSE prices need to be raised by 30% due to the hike in building materials and petrol prices, Nanyang Siang Pau reported.

http://thestar.com.my/news/story.asp?file=...6048&sec=nation

QUOTE(geniuz @ Jun 17 2008, 02:57 PM)
is this a good time to buy a new house??
*
Quote from my earlier reply:-

QUOTE(aaronpang @ Jun 16 2008, 10:27 AM)
Right now the full impact of building materials increase and petrol hike has not been fully realized in the pricing of existing properties.

There's never been a better time to buy new ready build properties.
*
and

QUOTE(Pai @ Jun 17 2008, 04:27 PM)
I personally think one should only avoid newbie developers as strong developers usually have the resources to complete a project with or without recession.
*
This post has been edited by aaronpang: Jun 17 2008, 05:51 PM
aaronpang
post Jun 17 2008, 10:53 PM

Cat Exterminator
******
Senior Member
1,979 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(Pai @ Jun 17 2008, 09:31 PM)
being vested, I could only................................  rclxm9.gif
Also a bit regret that I didnt have enuff................. sad.gif
So glad that I choose to invest in properties rather than other instruments  wink.gif
*
It's great you got in early...

There is still good bargains around if can afford... I wished I could but I've decided to keep money in the bank for rainy days this coming year or two.

I hope I won't have to use it sad.gif

QUOTE(yewkhuay @ Jun 17 2008, 10:33 PM)
but i don't it's fair as 30% increase in raw material doesn't mean 30% increase in building cost, they r just using it as excuse to make more profit.
*
I agree they're using increasing materials cost as an excuse... who dunwan to make money brows.gif laugh.gif

Developers also factored not only the materials cost . There is inflation and cost of living... like everyone else they also need to pay toll, petrol, eat out and go shopping nod.gif

This post has been edited by aaronpang: Jun 17 2008, 10:55 PM
« Next Oldest · Property Talk · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0203sec    1.77    6 queries    GZIP Disabled
Time is now: 16th December 2025 - 08:45 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.