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

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tinkerbel
post Jun 6 2008, 12:08 PM

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@bleeper,
If U can wait, Y not?! It's not a good time to be spending unnecessary now; keep ur $ tongue.gif Or well, I think the G will want U to start spending the $ to further inflate the economy tongue.gif
tinkerbel
post Jun 6 2008, 12:11 PM

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@bleeper,
If U like a place and if U can afford it, go ahead and get it smile.gif 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 biggrin.gif
tinkerbel
post Jun 6 2008, 12:21 PM

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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.
tinkerbel
post Jun 6 2008, 12:41 PM

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@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.
tinkerbel
post Jun 6 2008, 01:28 PM

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@KVReninem,
Look on the bright side. At least we do have a Government, not a dictator like in some other countries smile.gif
tinkerbel
post Jun 6 2008, 01:41 PM

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@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 smile.gif [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
tinkerbel
post Jun 6 2008, 01:46 PM

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@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 smile.gif Just need to find someone who's desperate enough biggrin.gif

It is always good to have cash at times like this.
tinkerbel
post Jun 6 2008, 01:51 PM

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@knwong,
Such raw materials haf oredi started increasing - ah well, like we said, property prices might increase but it might not increase v much more from the current price. If people aren't going to be buying the houses, wouldn't developers lower the prices just so they can dispose them and make some $?

In the long run, it will cost developers more to keep those unsold houses, unsold.
tinkerbel
post Jun 6 2008, 02:01 PM

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@nnpjj,
I don't think I'm in position to answer this question cause I haven't checked out the house prices in totality. I do however think if U do compare house prices from last year and this year in the same locations, U probably will find an increase.
tinkerbel
post Jun 6 2008, 02:28 PM

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@Singh_Kalan,
It still doesn't answer the question of whether it's a good time to invest in properties now? smile.gif
tinkerbel
post Jun 8 2008, 11:54 AM

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@Syd G,
I assume Ur job doesn't require U to travel ?
tinkerbel
post Jun 8 2008, 06:03 PM

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@hotlink,
U should ask urself if U need the house now?! If the price is going to remain the same and U don't need the house now, Y get it now and lock ur cash in?

tinkerbel
post Jun 8 2008, 09:31 PM

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@hotlink,
Apologies but I don't quite understand what U mean. What's the difference between this 2-storey and 2-storey semi d? 1 is a semi-d whilst the other isn't?
tinkerbel
post Jun 8 2008, 09:56 PM

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@yewkhuay,
Yeah I think so but in his original post he did say the properties are the same price mah, so how'd I know there's such a difference.

Anyhow, a semi-d <RM300k?! Er.. just where would it be located?
tinkerbel
post Jun 9 2008, 10:28 AM

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@gkl83,
Yes the Govt can do that; in fact, they can just do whatever they want despite troubling their People [ie: increase of fuel]
tinkerbel
post Jun 9 2008, 10:47 AM

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@gkl83,
I don't suppose U need to worry now since prices aren't released. U should ask urself which one U prefer. The prices shouldn't differ much unless there's some kinda wow concept the developer's put in otherwise it's just another area.

In your evaluation, look at things from the macro perspective. If the building's oredi up, chances are raw materials been bought so there's no way the developer's going to be offsetting their cost - or at least that's the excuse U'll hear them give u -- people just wanna make as much $ as they can so if they can sell it to u at a higher price they will!
tinkerbel
post Jun 9 2008, 03:51 PM

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@aaronpang,
Yeah U better get the renovation works completed soon before raw material price increases again biggrin.gif
tinkerbel
post Jun 10 2008, 01:29 PM

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@Syd G,
It's slightly bigger than a shoe box; probably can fit hundred pairs of shoes if lined properly *grins* I call it pigeon hole wink.gif
tinkerbel
post Jun 11 2008, 03:30 PM

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@jeff_ckf,
Not ALL houses in KL fetch that kinda value `k? It's all about location location location!
tinkerbel
post Jun 16 2008, 01:04 PM

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@joe_mamak,
It still is cause it's 'liquid'. With cash, U be able to do and buy what U want during a recession. And if buyer's desperate enough, U get it for a relatively good price.

If U've got ur cash locked up in properties, U will need to liquidate it off first and may lose out in a recession.

This post has been edited by tinkerbel: Jun 16 2008, 01:04 PM

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