Property price/value (Petrol hike), How petrol hike can affect price/value?
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 Jun 12 2008, 12:07 AM
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#1
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey 
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QUOTE(hotlink @ Jun 11 2008, 11:32 PM) The location is in Bukit mertajam, penang. The price increase 2k again. The good location now mostly booked by other people already. Waiting for fire sale about two years from now ... |
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Jun 12 2008, 06:00 PM
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#2
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey
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QUOTE(Lawyer1 @ Jun 12 2008, 05:33 PM) Interesting statement ! I have learnt my lessons from previous fire sale, a.k.a 1997 financial crisis. Below is my 'forecast'May I ask how do you know there would be a fire-sale in two years from now ? Because if the said fire-sale does not come along, then you would have incurred opportunity cost. Your money would have earned more elsewhere. 1. People lose jobs. 2. People try to hold on everything because they do not want to admit they cannot afford all these. 3. More people lose jobs. 4. People start to sell anything besides the primary residential properties 5. More and more people lose jobs. 6. Because of losses in other areas, some even lose primary residential properties I hope my 'forecast' is wrong because it is not pretty  Actually I am not the only one who 'predict' this. Read this thread |
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Jun 16 2008, 05:22 PM
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#3
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey
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QUOTE(tinkerbel @ Jun 16 2008, 05:19 PM) @joe_mamak, If you are bullish on commodities, you can consider gold and commodities(CRB) ETF listed in SGX. In the short term, there is 'noise' to curb excessive speculation in oil market.If U want to beat inflation, keeping the $ in FD isn't the best way though it's the safest. But in light of the soft economic situation, I still think CASH is KING Note:commodity stocks and commodity futures behave differently during equity bear market. In equity bear market, a commodity stock follows closer to direction of general market than direction of price of a commodity. This post has been edited by oumind: Jun 16 2008, 05:26 PM |
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Jun 17 2008, 09:56 AM
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#4
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey
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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. You are right. Which housing areas are near office centers?1. KLCC 2. PJ? Anyone interested in housing areas along LRT lines? |
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Jun 17 2008, 03:27 PM
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#5
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey
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QUOTE(agape_ian @ Jun 17 2008, 01:44 PM) The price is going up after the petrol hike! Check the news today! More people will consider used properties espeicailly those near offices or LRT lines?http://thestar.com.my/news/story.asp?file=...6048&sec=nation |
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Jun 19 2008, 09:16 AM
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#6
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey
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Push and pull by bulls and bears is a sign of healthy market
When market sentiment is at extreme, it is time to be on the other side. |
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