I would agree on tat! A decent condo in PJ are almost reaching 1/2 million, but 2 - 3 years ago the same plc was juz in the region of 200K!! Nt sure if its really worth it 1/2 million...

Tropicana Grande condo starting price is already RM 1.6 mil for a 2,283sq ft unit and that too on lease land. Some condos in TTDI have appreciated by almost 40% in the past 1 year.

This post has been edited by cybermaster98: Oct 19 2010, 03:02 PM

TG facing golf course mah, not many condos with golf view. Probably target those got bored staying in landed mansions in Tropicana, or their sons/daughters

Compare to new bu condo, facing HT cables/flats/apartments. No comments. You like it, you buy it.

TTDI condo 40% appreciation? Betul or not. My last check still slower than KD.

Tropicana/KD the entire area leasehold, yet price still appreciate higher than many freehold area, many thanks to development in Mutiara. Yrs ago, many people look down on leasehold. Always talk big on freehold this that. Oh well. Who cares leasehold freehold, just see how ONG is KD now.

This post has been edited by Bobby C: Oct 19 2010, 05:49 PM

Leasehold or freehold doesn't seem to be havin much different nowdays.. Lease for 100 years but r u gone stay there for tat long, most probably 10 - 15 years so I guess most of them dun mine getting a leasehold.. But even if its a leasehold the price in KD is still very high.. The name "Damansara" is driving the price up, similar case wif Sunway "Damansara"...

PJ it's ok, coz prime area. u imagine this new development by Mah Sing, quite ulu place, near Langat area.. on August i saw the price was RM270k, so i called Mah Sing, they say yes, it's RM270k, end of this year launch, so i registered coz within my budget..

then hor, suddenly now october the website change price they put RM350k.. launch also not yet, they sudah jack-up by 80k.. SYIOK AH!
i called and express my shock, then they say "oh coz we have very high response and many ppl interested"

i also speechless when i see they do like this.. very unethical lor..

i'm quite sad with developers attitude i understand it's all business and profit, but 80k within 2 months????

Definitely tat is madness!! 80K is nt a joke n within 2 months for tat location is so dam unethical... Wish our goverment can do something bout it but since tis boleh land we can juz...

You all cant honestly expect this to end well! Again the examples being discussed here are just symptoms related to the problem. RE will correct!

interesting observation by our very own dr doom & gloom
I dun disagree with ur premise, only the timing & location seems suspek
for an example, lets take a walk down history for the heck of it

http://finance.yahoo.com/q/bc?s=DIA&t=5y&l=on&z=l&q=c&c=
1) from feb-oct 2007, market still up
2) feds let lehman die

http://money.cnn.com/2008/09/15/news/econo...eline/index.htm
1) remember the initial rippling of the financial tsunami, see the headlines, still no impact on market yet
2) from sept 2008 onwards, the collapse starts

3) a basic understanding of how sub prime works. any opinion on the outcome for banks, on those who cannot afford homes yet be given loan?
now does bolehland or most nations practice the lax lending standards?
http://blogs.howstuffworks.com/2007/11/28/...e-crisis-works/

4) where were u during 1997? just watching the asia financial crisis & never sent ur capital to work hard for u overseas?
http://www.foreclosuredataonline.com/blog/...d-it-all-start/
"The sub prime mortgage crisis was born in a decade-long housing boom fueled by low interest rates and excess liquidity...
The serious sub prime crisis began in June of 2007 when two Bear Stearns hedge funds collapsed"

5) pls provide links that republicans r responsible for the mess, i wanna learn too
http://winteryknight.wordpress.com/2010/10...-the-recession/
"When US Representative Barney Frank spoke in a packed hearing room on Capitol Hill seven years ago, he did not imagine that his words would eventually haunt a reelection bid.
The issue that day in 2003 was whether mortgage backers Fannie Mae and Freddie Mac were fiscally strong. Frank declared with his trademark confidence that they were, accusing critics and regulators of exaggerating threats to Fannie’s and Freddie’s financial integrity. And, the Massachusetts Democrat maintained, “even if there were problems, the federal government doesn’t bail them out.’’

6) I luv short sellers, coz the FA news took some slow snail time for the masses to be aware, but TA alredi hammering them early yr 2008
http://www.securitiesarbitration.com/lehman-timeline.php
"Lehman also fought a running battle with short sellers. The company accused them of spreading rumors to drive down the stock's price; Lehman's critics responded by questioning whether the firm had come clean about the true size of its losses. As time passed and losses mounted, an increasing number of investors sided with the critics"

7) of coz it is a bit difficult to time the market. someone with this subprime understanding who avoided investment/ banking stocks during 1997 in usa, would have miss the ride up. would it not be better to let the market decide later on, rather than to insist u r right & miss all the opportunities. did properties in bangsar or ttdi fell during 1997 financial crisis?
http://us.ft.com/ftgateway/superpage.ft?ne...420082316410112

Wait for the competition act to implement by next yr. If those developer really joint together to jack up the price then we can only rely on the authorities to take action. Juz keep ur finger cross that bribery/corruption won't happen. If x, watever act oso the same.

http://biz.thestar.com.my/news/story.asp?f...17&sec=business

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Added on October 20, 2010, 7:31 ami used to work for developer and i know how they manipulated those board where they stick with orange stickers and red sticker as sold unit. In actual case they were not sold but they try to sell the one that is harder to sell first. later, when they were sold, they take up those stickers and for sale again and they can tell you that the buyer have complication with loan.
this managers are all scum bag people and never at all honest . i thought this kind of behavior was practice in the third world but somehow it happen before my eye here as well. sigh!

This post has been edited by hackwire: Oct 20 2010, 07:31 AM

singaporean stay in flats and dun complain??more like can't complain, they are drooling to stay landed but cannot afford

I'm waiting to hear this type of info for confirmation. Just look around town, which developer never do that let us know. Yes, a few, price too high too many volume not choice they have to open book sales. But for the rest of half past six developers including couple of listed companies, many practice the same. Playing hide and seek. Today gone tomorrow for sale again treating buyers like fools. Oh well, many of us become fools at time if u r not aware they are playing with emotion aka sentiment. Telling u first 20% get 10% discount, if miss it today tomorrow price hike 10% etc. Malaysians are treated like fools by the developers and there are no regulation to this practice. Someone in the forum say this is not unscrupulous then what is this. Insider trading in property development is completely OK in this country

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Added on October 20, 2010, 9:39 amYou are right am wrong. Correction, Sporeans are complain freak. No choice lah.

But on serious note, maintenance quality of Spore flats is equivalent to Msian condos. So no choice Msians have to force to buy more expensive condo if they can afford.

This post has been edited by Bobby C: Oct 20 2010, 09:40 AM

Penang properties are all overpriced, normal workers there cannot afford to buy an apartment also.

Just heard that the buy/rent ratio in Canada & Australia is now 1.85x. It means it costs twice as much to live as an owner as it does as a renter. Factor in property taxes and maintenance costs, and it makes even less sense to own if you happen to be, say, a young couple without any money.

We have spoken about the key factor of affordability being 3.5x income. We have looked at KL properties being 8x and up. What do you think the buy/rent ratio is in KL or these highly speculative areas in KV?

I cannot emphasize enough about the fact when RE hits these levels it's all about the emotional purchase for most buyers. Speculators with inside information will always do well however the masses have little idea. The enablers around them such as governement, banks, developers and RE agents and dont forget your friends and family who think RE ownership is somehow an intitlement to having arrived in our culture are part of a Ponzi scheme.

Look around, read the articles, look at the direction of our government and you will see it all is following the same direction of the western world right now. Correction will come, we will buy then and the East will then recovery and take the reins from the west.

To be a contrarian and liquid will prevail....but's it's not for everyone folks and good for us that are! I dont mind the build up of RE, it only means the correction deeper. It only means more under water and less eventual buyers.

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Added on October 20, 2010, 10:17 am“How many flats in China are sitting empty? The media recently floated a story — denied by power companies — that 64.5 million urban electricity meters registered zero consumption over a recent, six-month period. That led to a theory that China has enough empty apartments to house 200 million people….

What especially distinguishes China’s property bubble…is an unprecedented amount of living space. This huge stock of empty flats equals the nation’s quantity bubble.

Quantity bubbles are less common than price bubbles, and they don’t last as long…A quantity bubble is sometimes a construction bubble, and it fizzles out when a building cycle turns over, crashing prices as soon as new supply becomes available….”

http://www.roubini.com/emergingmarkets-mon...mpty_apartments

This post has been edited by Onemorething: Oct 20 2010, 10:17 AM

You need to check your info again on TTDI condos then. The prices in TTDI are demand driven. So no point asking property evaluators. In Kiara Park condo for instance, 1370 sq ft condo's were sold for about RM 470K mid last year. Now the same units are going for 650K+. There were 2 similar low rise units sold for RM650K in April this year. Now there is another unit for sale at RM 688K.

U need to understand the meaning of 'demand driven' first. Big difference from 'market driven'. Demand driven is not a blanket price increase. U will get some choice units going for very high prices and some going for normal prices. But currently the trend in TTDI is more to 'demand' driven. Thats why obtaining a bank loan is quite difficult as banks evaluate based on market prices. The units in Kiara Park & Villa Flora condo's are traded very fast. There are some units that are sold within 2 days of the add appearing in the papers / internet.

Its really crazy in TTDI now and i believe in most high end areas.

Im not surprised. Some condo units in Kiara Park, TTDI appreciated by RM180K in 12 months.

i heard that USA property especially at the center of US are cheaper than malaysian properties ? is this true? People said that the property there is bigger and have land as well? But i foresee the risk of Typhoon and flood for such area.

Yes this is true. I have friends who have lived in California and they told me that you can buy a bungalow house on a hill overlooking the ocean for about USD 500K.

Quite agree with u on the mini Ponzi schemes happening in the country. Mini Ponzi schemes might be under the umbrella of a Pyramid scheme.

Remember in 2005 or 2006 attended FIABCI annual conference in KLCC. Oh well, many renown speakers CEO, COO whatever u name it. Wonder how many time they repeat that sentence, 'There is only one KLCC, there is only one KLCC, blah blah' in the conference. Property market at the peak around twin tower. Porridge cooking hot. So what happen yr or two later.

I can also see KLCC 8km for town wat. Wat so great abt property around KLCC that fetch that price?

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Added on October 20, 2010, 10:53 amDemand driven market driven whatever, put in cinaman term, banks are smart. They dont take the risk, leave the risk to speculators. If property inflated 30% above market value(they know better than us), they loan u 70%. In the event u cannot pay back, they will take away your property with 30% discount. So, banks will always win.


This post has been edited by Bobby C: Oct 20 2010, 10:53 AM

KLCC is icon of Malaysia... that say it all