the real rgpt is much less than 30%. (if you know how)
so the flipping process will continue and prices will tend higher.
yesterday a developer just launch at 650psf soho units.

many units taken except units with 4 on it

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Added on October 10, 2010, 12:50 amwhat if every one jack up 30% and valuation also jack up by 30% and bank refinance after jack up 30%

then property prices will go higher... cant you see?

anyway, if no one want to buy, those sellers are not in a hurry to sell too...so buyers have no choice but to follow with additional payment of 30% to the government.

can't you see that the government are short of funds and its high time to get more money in thru rakyat's nose and earn praises from the rakyat.

its a double edge sword!!!!
MALAYSIA BOLEH

This post has been edited by 106127: Oct 10 2010, 12:50 AM

I am curious why suddenly every single report on the news and magazine teaches us how to gain wealth from this properties scheme. As far as I recalled, any excellent deal and strategies are always kept secret and never reveal it to the public. And nevertheless, is it really the real time to purchase the real estate. I understand that our properties are still relative cheap (if you are foreigner) compare to our neighbor country. But i think it is getting overboard for our normal malaysian. In some place Rental is poor when compare to actual property price.

http://rockybru.com.my/2010/10/in-kl-prope...g-to-burst.html

This post has been edited by thk38: Oct 10 2010, 01:11 AM

The malaysia property market isn't as hot as u think it is. I suggest you to take a look at KPKT's statistics for the 1st quarter ended 31 march 2010, (Linked below, take a read)

Link provided here : Ehome-KPKT http://ehome.kpkt.gov.my/ehome/laporan/perangkaan.cfm
CLick on Perangkaan Suku Pertama 2010, on page 13, Statistiks Project Lancar mengikut negeri
Just using the Selangor/Wilayah Figures, it's quite easy to tell there's a LOT of units unsold out there.

So after seeing this, what do you intepret out of it? (or do u think it's irrelevant?)

rpgt 30%, property price will up???
huahaha,
u really lighten up my day!

dream on.

This post has been edited by wwwcomment: Oct 10 2010, 10:12 AM

LOL, I first time hear RPGT if being up to 30%, properties price will up 30%.

I propose gov to impose RPGT at 50% then. Good for all property owner.

What i SEEE is, 1 person buying 3 units in KL area from the figure!

BIL. UNIT RUMAH = 85,135

BIL. PEMBELI = 25,635

This post has been edited by terrywoo: Oct 10 2010, 01:13 PM

Do you even know what you are talking about? At the very least, you need to understand the fundamentals of demand and supply.

Mind to tell us how many unit you hold at this moments? Good luck to you young man!

I can't believe my eyes looking at such abnormal theory above
If your theory is proven right then you must be the mother of all economist in the world.
How do you sell a property at 30% jacked up price when speculators with short term goal no longer around to support the upward price momentum ? Even If you can sell at jacked up price, can your buyer jack up another 30% and resell again ? Have you check Malaysia's Gross National Income (per capital) recently ?

This post has been edited by aeiou228: Oct 10 2010, 05:06 PM

The bubble will burst when prices of properties reach sky high and nobody wants to buy anymore. That will be the start of it.

That time, the prices will fall. Anyway, the high prices now are all cuz of speculation! The fact is msia's economy and earning power does not tally with the sky high speculated prices. So yea the bubble will burst whenn ppl cannot afford homes anymore.

But its up to you to buy now or wait. Of cuz if you print $$ , then go ahead and buy buy buy!

But for the majority of average income earners, its your choice to buy a small home now or get a bigger home at a fraction of the price later

well.. see who will be dreaming.
the property prices will stagnant for a few months when 30% rpgt is announce in budget.
after that.. prices will tend higher.

just wait and see.

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Added on October 11, 2010, 1:57 amup 30% is not much. lets wait and see.
300k property will jack up to 390k.

this weekend soho at 650psf sapu almost all.
1.5 million condo launched at 9 utama. many ppl, sales not sure.
UOA project 330psf also sapu kau kau...


and everyone knows there is 30% rgpt.



This post has been edited by 106127: Oct 11 2010, 01:57 AM

edited

This post has been edited by cranx: Oct 11 2010, 02:10 AM

No wait and no see. Would like to know why there will be a 30% hike in property price.
Do you even know how RPGT works?

The tax is only on your gain from selling the property. Not asking you to pay government 30% of the total transaction price.

if u want to wait for prices to drop.. u can continue to wait.

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Added on October 11, 2010, 2:57 amfainted! if you are selling your property at 300k and assume you buy it at 200k, means you want to make 100k. then just jack it up to 390k..
when buyers ask for discount ... sell it at 370k.

so 370k-200k=170k

you will net at around 100k

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Added on October 11, 2010, 2:59 amsince when i say that we need to pay government 30% of the selling price?

This post has been edited by 106127: Oct 11 2010, 02:59 AM

i like ur confidence.
u sound like u can sell at whatever price u like and determine what profit u want.
it is like u are controlling the market.
i salute u.
keep it up.

my area there in Penang the price is quite crazy.

my bro bought the house at RM 267/f, super condo type, 60% foreigners 40% local, now the price is around RM 400/f, which is quite fair because he bought it about 5years ago which the price not yet go up yet. now all fully occupied

now new developers E&0 came out with studio apartment, 1300sf, RM 1.3mil.
link : http://www.pulau-pangkor.com/straits-quay.html

the salesman told us is own 30% foreigners 70% local. 80% sold.
at RM 1000/sf, it's more expensive than landed house at prime areas.

70% locals can u imagine that, for a local to stay there ? it doesnt make any sense for locals at that price. why should i pay RM1000/sf when i can get other luxury condo at RM 400/sf ? the price is totally in twilight zone.


i feel that now the price of new house is very dangerous, especially for speculators, price will increase 15% to 30% after project is completed, but if you take in account that the new property price will keep on increase because developers does sell below the current market price, meaning new projects will be more expensive 30% from market price today, while older property will still be much less. So if you push it higher and higher after 5years, lets say 15% increase per year, you go do the math

lets see, original price = 300k

year 1 = 345k
year 2 = 400k
year 3 = 460k
year 4 = 530k
year 5 = 600k

with growth of 15%, by 5years the price is already doubled, u go ask yourself whether that is sustainable or not flippers just want first level profit, lets say about 15% to 30% profit, but you have to see they started at which year.

developers now are not selling below market price, they are selling somewhere near or higher market price, thats is where the danger sets in

This post has been edited by AllnGap: Oct 11 2010, 09:44 AM

if all those landed property/super condo and shit prices keep going up..

when the gov announce the MRT project..

will it it in way "poke" the bubble.. where by those properties will drop and those , apartment nearer to the mrt and so on start to gain in terms of rental ?

Your statement and calculations above clearly reflects your "true" understanding about 30% RPGT and theory of demand and supply. I salute your braveness. Keep it up.

Buyer will listen and obey what seller want.

You can simply put any price tag, buyers are desperate to buy any house.

I just hope RPGT being set at 50%, so that property price can be jacked up more.

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Added on October 11, 2010, 1:46 pmThat's why I suggested 50%.

Sapu properties out there before RPGT being announced.

This post has been edited by cherroy: Oct 11 2010, 01:46 PM

Lol !! some more, the mark up to cover the RPGT is base the selling price before the "jacked up" price wuor!!