i wonder why must one find a home in the urban place when the air is polluted, the traffic is bad as hell, the stress is beyond control, people behaviors in the city is getting snobbish and sloppy... and still people want to pay for high prices at the location.

If one need to look just outside this area, there are plenty of opportunity even in bukit beruntung and the investment and the knowledge you have can even appreciated by the kampung people . u think all these city livers appreciate your money and help? think!

i wonder why must one find a home in the urban place when the air is polluted, the traffic is bad as hell, the stress is beyond control, people behaviors in the city is getting snobbish and sloppy... and still people want to pay for high prices at the location.

If one need to look just outside this area, there are plenty of opportunity even in bukit beruntung and the investment and the knowledge you have can even appreciated by the kampung people . u think all these city livers appreciate your money and help? think!

i stay in KL, about 5km from KLCC. it saves me a lot of time, of course also save petro and toll money everyday compared to last time when i was staying like 25km away from KL...

all i can say is, i hv more time now...

“Last year and this year, the most sought after homes were priced between RM150,000 and RM180,000,” he pointed out.

! Spending few hours on the road is juz waste of time n petrol and end of the day wen u get back home u will b dam tired n cant do much...


I am wandering where tis guyz is getting all his info's.. Pj can get any condo for tat price huh ? I guess he is talking about area like wangsa maju or sentul mayb..

Since we are still long way from heading into a property buble I guess gomen nt gone do anything bout it then... N developers had realized? Seriously, I can only c the number of new launches increasing   !!! Mayb the developers realized tat they can make more money now since its BBB mode n build more!

A very simple answer in relation to a very complex structure set up by the Legend in the 80'.

Why live in urban when u have cheap accomodation 10-20km from city?
Ans:- Higher salary to achieve high income nation but roads all choke up with 600,000 new vehicles on the road every yr. The cost that rakyat have to bare for The Legend and his Proton Naza cronies. They have to keep pushing up their sales to cover cost since they cannot sell overseas.

How to live 10-20km away from home if you spend 2-3 hrs traveling by cars, 2-4hrs traveling by public transport daily? How to increase productivity?

If we have MRT in the 80' instead of Proton, we could have achieved high income nation by now. Rakyat productivity increase, without Proton global car manufacturers will build their car plants here took away big chunk from Thailand.

And the stories go on and on. You have to look back and search the root of all evils. Now the younger generations are all tight up due to the messy short sighted policies/road maps that were not co-ordinate and implemented in the 80', 90' for the good of future generations. Only for the good of few Legends and their cronies.

100-storey building near Stadium Merdeka? Good luck KL folks. Those who work near KL have to move closer to the city or live in the city.

Take good care of your ownself and family, cronies will never even care if you live on the streets.

have a read on this

http://www.starproperty.my/PropertyGuide/Finance/7698/0/0

World Bank warns of E Asia bubble risk
Tokyo: Tue, 19 Oct 2010

The World Bank warned that rising capital flows to East Asia are fanning fears of asset bubbles and authorities need to be careful not to repeat the mistakes of the Asian financial crisis more than a decade ago.

Asian currencies are appreciating as low yields in developed countries drive capital into the region, the development lender said on Tuesday. This could fan inflation, lead to asset bubbles and harm the banking sector.

"Larger inflows combined with ample domestic liquidity and rising confidence have boosted stock markets, real estate prices and other asset valuations in some countries, precipitating fears of a new bubble," the report said.

"The authorities in East Asia need to take adequate precautions to ensure that they do not repeat the same mistake twice in slightly over a decade."

Intervention to slow currency gains has had limited success and uncoordinated intervention is only adding to global liquidity, the World Bank said.

It added that capital controls were not very effective in controlling long-term investment flows.

Group of 20 finance ministers, meeting in South Korea on Friday, will grapple with the global currency system as developed and emerging countries trade barbs over competitive devaluation. 

Asian countries have a mix of instruments available to deal with rising inflows, such as adjusting monetary policy, withdrawing stimulus and regulating the banking sector to prevent careless borrowing and lending, Vikram Nehru, the World Bank's chief economist for Asia-Pacific, told reporters on Tuesday.

There is some evidence that capital flows to East Asia are becoming more short-term, Nehru said, but he was confident that Asian governments would not allow inflows to become so short-term that they could reverse quickly, as they did in the 1997 Asian financial crisis.

"We are seeing an effort by developing East Asia to deal with the large amounts of liquidity driven in very large part by the monetary policy easing in the United States," Nehru said. "If this liquidity abundance is sustained and increases, I think they are going have to take further action."   

Policymakers need to be careful that unsterilised currency intervention does not lead to inflation, he added, as it would increase the money supply. -Reuters

BTimes

'Long way to property bubble in Malaysia'
2010/10/21
SHAH ALAM: There is still a long way to reach property bubble in Malaysia, says Housing and Local Government Minister Datuk Wira Chor Chee Heung.

According to the Housing Index for the last 10 years, prices of houses have moved about 37 per cent while in countries like Singapore and Hong Kong, property prices shot passed 35 per cent last year, he said.

He said property prices in Malaysia started to rise since 2008 due to land cost, building materials and vibrancy of the economy as a result of the initiatives and measures taken by the federal government.

"This is also as a result of foreign companies coming into this country to invest in properties. Because of the aggressive policies by the government, a lot of foreign companies set up bases in this country and bought properties for their senior staff and executives," he said when launching Setia City, an integrated green commercial hub in Shah Alam to be developed by SP Setia Bhd.

Chor, however, said it did not mean ordinary people who just joined the workforce are not able to buy houses.

"If you go further up a bit, 10km away from the KL City Centre, you are still able to find a reasonably-priced house. "If you say you can't find houses in the Klang Valley within the RM350,000 range, I will not believe you, but you have to travel a bit further out of the city centre.

"In central Kuala Lumpur, you can't find houses within the range of RM150,000 to RM300,000. Last year and this year, the most sought-after properties are in the range of RM150,000 to RM180,000.

"In central Kuala Lumpur, you can't find houses within the range of RM150,000 to RM300,000.

"This is the result of government efforts to transform Kuala Lumpur into a bustling city. If you find a house at RM200,000 within the Kuala Lumpur City, this means our economy is in bad shape," he said.

Chor said the government was concerned of this and that was why incentives were provided for in the 2011 Budget to assist low-income earners and young people who just joined the workforce to buy houses.

The minister, however, said the government would not control property prices as Malaysia was a free economy.

"The government will intervene if certain things happen that will bring disaster to the economy and the people," he said.
Chor said people have been buying houses since 2008 and he did not deny that there could be some speculation.

"There is also a sudden drop in the number of houses to be built last year and this showed developers are also studying the market situation," he said.

SP Setia president and chief executive officer Tan Sri Liew Kee Sin said there was no where to build houses within the RM350,000 price range except in Johor where land was cheaper.

"Land cost is a factor of the end-product," he said, adding that a large portion of SP Setia's projects were within the price range of RM400,000 to RM1 million. -- Bernama

This guy must be on crack. Or maybe where he's sitting is too high up to see what's happening on ground level.

have a read on this

http://www.starproperty.my/PropertyGuide/Finance/7698/0/0

Nice to see some sound advice. 

This guy must be on crack. Or maybe where he's sitting is too high up to see what's happening on ground level.

i think he know what he talking about, just that he need to delay it until all his aunties/uncles unload the struck properties first 

btw, since when our goven got caution/tell bad news to normal rakyat like us. 
after we all hit right into brick wall & scream for help, then goven will say help is on the way  

as far as i know, the properties price are preparing to go down
recently i got to know a 2.5 storey property in Puchong Jaya although the transaction price there around 650k above but the PBB valuation only around 550k(reason given, PBB said will value it on lowest valuation report)
& another case in Sg. Kapar Klang 1.5 storey, the buyer are first time buyer properties for own stay also cannot get 90% loan, can get max 80% only

It's true that the banks are taking measures now to ensure that they are not overly exposed.  I have checked with 4 different banks on the same property (a DSL in Ipoh) and they are only willing to lend 90% on the value given by their valuers which is something like 20% below the market/asking price.

I checked further and found out that the value given by the banks represents only 2-3% appreciation from the developer prices over the last 5 years.  I guess I will put my buying plan on hold for the time being.  Wait & see first.