i am neither agree nor disagree with the property bubble theory

but from the budget we can clearly see the direction

and for those who are waiting for price to go down ask urself this question:
how low is low and how high is high for a single property value

the budget has tell....the game is still on, grab a decent house before the price hit the sky !!

Do fiscal or monetary measures have to be introduced only through the National Budget? We have a central bank tasked with financial and credit regulation that can impose new rules that may affect property prices as it deems prudent. If speculation gets too out of hand, BNM can regulate liquidity through the banking system. They are watching. The government is afraid to rock the boat now for political reasons but it may not have the luxury of choice if the crash emanates overseas in bubble markets before coming here.

This post has been edited by klbull: Oct 16 2010, 11:30 AM

u are right, BNM can change anything regarding to credit regulation...what they cannot do is to impose the rpgt
but from the budget we can clearly see the government is encouraging people to buy house

No 30% or 50% RPGT,
aiseh, cannot jack up 30% or 50%.


Yes, credit issue is one BNM control, they can announce or implement anytime, you don't need to wait budget to announce this kind of measure.

RPGT is under Finance Ministry control, also this can be implemented outside of budget announcement as well.

In fact, a lot of measure doesn't necessary must come from budget announcement, although general will do via budget announcement.
Typically, cigarette price being raised to RM10, prior before budget.

prices will still be JACKed up.
just that the money dont goes into gov coffers

oh shoot.
No 30% property gain tax announced.
my plan to immediately jack up 30% cannot work now.
Hope BNM announce it later, so can jack up the price.

Got 30% RPGT also jack up price, No RPGT increase also jack up price,

hahaha
your friend there is really optimistic
whatever rules come out also will help jack up price...
bravo
maybe can consider borrow loan shark to buy property.

In the context to this country, first they wanna rescue is the political party, forget abt bank, rakyat want ever. Political top reason for policy implementation. Just see how the screw our education system and our future generation. $%#!

Tat's why the gomen always missing the point one. Do they care abt globalization? Do they care abt country competitiveness? Only recently they woke up from their wet dream started talking abt it.

Someone in the forum keeps referring to US. Think missing the point all together. Yes, US sneeze the rest catching cold, we have been hearing the same over and over again.

Question:- Have we ever recovered from Asian financial crisis? After Asian crisis, dotcom burst, then SARS, then 911, then gulf/Afgan war, then oil crisis, then US crisis, then euro crisis, H1N1 ..... bad news aft bad news but life goes on. Unless you intend to go hiding under cocoon resulting unemployment rate shoot up to 10% watever. Property/stock still go up wat even during crisis after crisis!

Have we ever experience property/stock boom in 2008? Apparently global and Asian market having good time prior to the Olympic? Malaysia market, gloomy and boring all the while.

Might turns out to be good thing if US slowing going down, more foreign funds shifted over to Asia, incl. Msia hopefully.

Election coming to town, die die they will keep stock and property up. 1Malaysia mah. Let's all give them Mother of 1Finger in return in the coming election.

This post has been edited by Bobby C: Oct 18 2010, 12:48 PM

All developers currently are raising their prices to take advantage of the current property bubble. I have been going around looking at properties for the past 2 yrs since im looking for my 2nd property. Most properties in prime areas are demand driven and not market driven. This is good news for sellers but very bad news for buyers as they will need extra funds to purchase and also higher downpayment since banks evaluations will always be lower.

For example, a ground floor low rise unit (1400 sq ft) in Kiara Park Condo, TTDI,KL used to cost about RM 470 about 1 year ago. Now the same unit is going for RM680K. Today there is an add in the Star Classifieds for a 2nd floor (walkup low rise) unit going for RM 668K. There were similar renovated units transacted for RM 655K around March/April this year. This condo is about 17 yrs old and yet the prices have appreciated so much in the past few years.

Dijaya Group is selling its Tropicana Phase 5 condo for around RM830K for a 1400 unit although the first 4 blocks were sold for much lower and its currently tenanted to many Africans & Middle Eastern ppl. Tropicana Grande is going for RM1.5 mil upwards. The funny thing is that both these developments are on lease land and yet command such high prices.

Is there a property bubble in the Klang Valley? Yes im sure of it!

Just a suggestion.

Sellers hold don't sell. Buyers, boycott dont buy.

Let the developers suffer. See how long they can last. Gomen will come to rescue, cronies kaki lang mah!

Some cash rich developer near bu so desperate resort to dirty tactic of road closure of old area in order to promote and sell their new launch. Old area will pull down their price at least by half mah. Total 900+ unit above 1 mil per unit. Facing high tension cable towers some more. Goreng goreng. Good luck to them

This post has been edited by Bobby C: Oct 18 2010, 01:04 PM

The problem is most of these inflated priced properties are being sold as we speak. There are filthy rich ppl actaully buying these properties despite its high prices. They wont stop and thats what creates a property bubble.

9 bukit utama
before the insane price hike everywhere, it was rumored to sell @ RM300psf only.

bubble or not, with government support..I dont see prices going down so soon. I believe the game could go on for atleast another 2 years.

as i have said before...
its going up

Well, almost miss your comment, i am pretty much agree on they always save their ass first, their colony, their won interest by using rakyat hard earn money. the US eco indeed very much connected to world eco, nothing we can do about it, property blooming now indicate that our internal $$ power is strong, though some might contribute by foreign investor, but who care? as long as the party is still on, buy a ticket join in n dun miss it.

Mother of 1 finger is good one, perhap it tell them dun simply said '1' when it is not really '1'.

the prices will only goes up but never decrease lor...

For the past 10 years the hse price has been increasing only, even during the previous economy crisis only prime places was affected and other places was stil kind of stable! But the current hse price is juz going insane, nt sure for how long more the price wil b still increasing... I do believe tat there a lot of ppl out there wic stil has the buying power which drives the demand but for how long more... The prices of hse increasing rapidly and I have to admit its very hard to even play the catch up game compared to the increment rate we r getting per year...

To own a property in P.J. area itself has been very challenging as the price shoot up way too high and im only talking about condo as to own any landed property is more of a dream now days... But still budget 2011 doesn't seems to be addressing the rapid increase of prices in the housing sector especially KV areas... Nt sure wat gone happen in near future, as there are a lot of articles on property bubble in Malaysia recently... Its juz getting tougher n tougher to own a decent property in KV area...

No worries mate, just need to change mindset.

What so good abt landed house that everyone's dream to own one? 85% of Spore population stay in government HDB flats but nobody complaining. After retirement, buy a piece land away from the city, you can have all the land that you want.

For city living, have to go with the flow. At present almost all developers are taking advantage to hike up the price like nobody business, it seems the higher the price the higher the demand. Just hope the culprits will burn their own fingers in the end.

Recently managed to assist one relative to find a tenant for her place. Empty for many mths. Agent sleeping. ROI >9%. Price has double ever since. New buyers probably getting half of the same. People still goreng. Oh well.

This post has been edited by Bobby C: Oct 19 2010, 12:56 PM

Its different in Singapore. The condo market there is booming because landed properties are like a diamond mine due to lack of land. Here in Malaysia, we dont have such a lack of land. Land prices in KL have been inflated by unscrupulous developers. All the developers have joined together to raise prices.

Condo's are always more risky compared to landed properties. Its not the same in Singapore where even a basic HDB flat still commands a premium price.

This post has been edited by cybermaster98: Oct 19 2010, 01:50 PM