Is this a signal for bubble?? What property is will not be affected much by property bubble?

Low cost hse or flats n mayb apartments

Appartment , hoped so ..wanted to buy one maybe June 2011, any seller wana sell appartment/ condo at 200-250k??

Bank Negara likely to announce property curbs next week

KUALA LUMPUR: Bank Negara is expected to announce next week measures to curb property speculation and a programme to create financial awareness for the youth, said sources.

The introduction of a loan to value requirement for people buying their third house or more has been talked about, but central bank governor Tan Sri Dr Zeti Akhtar Aziz said any new rules regarding property loans would not be a blanket clamp.

“We want to promote house ownership but we want it to be done in an orderly manner and we don’t want speculative activity,’’ she said after a media engagement programme at the Global Islamic Finance Forum.

“So, for first time house owners and perhaps even the second one, any new rules will not apply.’’

Zeti acknowledged there were pockets of property bubbles in the country, but on the whole, steep property rises were not seen throughout the country.

“If we consider there is any imminent risk of a property bubble, of course we will take pre-emptive action. We are not going to wait for the bubble to happen before taking action,’’ she said.

Debate over the implementation of a loan to value ratio has been ongoing and the understanding is that people buying their third house or more would be required to pay a larger downpayment than the current standard minimum of 10% of the value of a home.

On Wednesday, Deputy Finance Minister Datuk Donald Lim Siang Chai told parliament Bank Negara was studying possible policy changes for those taking up loans to buy a third house or more.

He also said prices of properties in several locations in large cities in the country had shot up due to speculation and if the situation was not controlled at an early stage, home prices would go up beyond the consumer’s financial means and may affect socio-economic growth.

Lim said people would also face difficulty in buying houses, which might lead to an increase in debts.

“The loan-to-value ratio will be specific in nature and its implications on the country’s economic growth will be taken into account,” he added.

Zeti said the banking system through its own risk management and governance process was addressing rising property prices and Bank Negara had other pre-emptive areas it might take up.

One example she gave was on financial literacy and management especially for the younger population below the age of 30.

“We want them to be better positioned to manage their finances when they acquire a car and a house in the beginning of the career,’’ she said, adding that the central bank would introduce programmes for those purposes and was ready to deal with any excesses through a wide range of instruments.

Which condo units in TTDI u aware of the price increase?

wonder for joint purchasers, lets say married couple
they both considered second time purchaser if they already jointly own a property?

this is all good. The faster and sharper the price increase, the better. I would like to see some day when the norm for new condos is RM1000psf.
lets see how long this game of musical chair is gonna last.

i kind of have the same feeling,
looking at all the fully booked red stickers and sold out before launch, even no show units, or booking without looking at layout, is it really true that "if dont buy now, u will have no chance to buy later"?

That red stickers and sold out status are all crap. Just business gimmicks used by developers for many years to push up the expectations of the purchasers. Im always in the habit of asking them to show me proof that the units have been sold. They can easily show u the booking forms and cover the names of the purchasers if they are indeed telling the truth.

Were u successfully in getting them to produce the proof? I dun think many developers will show u .. They wil juz say its P&C..

Well i havent really been that interested in new launches. But i think if everyone continously asks and points this out to them, they will realise that the general public knows their tricks. Awareness is everything.

Malaysia has never experienced a property market crash, even in 97/98. Putting all hopes on a market crash, as some forumers seem to be doing, might not be the best move

those will soon find them only afford subsales house, which directly boosting the property market, cause investor need buyers...without buyer, investor die....without investor, developer die.... without developer, economy die........this is property chain. so this group ppls completed the cycle.

if u so confidence about m'sia property...y not buy as much as u can...

maybe u got some unit, so that's y u want it up up up....

plz think, 97/98 condo price still below 100-200k...some just 100k plus....and dsl is around 200-300k....more than 300k can get very nice enviroment...and that time salary still rm2-3k for few year experience.

now condo for 200-300k is so so environment.....for better environment, u need 400-500k, dsl no need to say...no RM500K, no need to think...unless u wanna buy old and leasehold...now few years experience...salary also 3-4k, if good...can hit rm5k

if u not expert, u also can see the big variance there...and plz bear in mind, 97/98...u can eat char kuey tiew include drink rm3-3.50. now char kuey tiew alone already rm4. last time got that many tolls, got also rm1 and below...now shopping mall parking...few hours rm5-8 alr...last time 97/98, got that expensive...if more than rm3, u guys COMPLAIN KAW KAW...and SWEAR KAW KAW....I NEVER GO THAT SHOPPING MALL ANYMORE...

what if feel, once it really hit....it will kena kaw kaw....if u got profit rm50k and above, just sell it...any up will down...if forever up, then there are no more poor ppl...

Try going back to 1970/71 ( the aftermath of May 13 ) and 1987/88 ( recession & Ops Lallang ) for the experience of a property market slump. If the government had not imposed capital controls in 1998 during the Asian financial crisis, and then brought down interest rates sharply, properties would have followed the stock market and crashed as well. During the worst of the crisis in 1998, short term Rgt interest rates went up to 15% as capital fled the country.

This post has been edited by klbull: Oct 30 2010, 07:03 PM

yes & now we all have the symptoms of that now. Things are not look so rosy now & may turn ugly very fast if gov not intervene.

In my opinion current pricing for almost all new launches is very high and there seem to be very many launches as well.

I'm surprised so many people are willing to buy at these prices, but I guess this is what happens when everybody "made" money on property in the last year. People buying from developers are talking about their paper gains and everybody also wants to jump in to get a piece of the action. I'm almost tempted to sell my own house and rent somewhere.

I guess this will continue until there is some action from Bank Negara. Any action from them will probably be the end of this BBB-period as people will start to be afraid that the party is over. Once action is taken I expect prices to stabilize or drop within a year.

Far far area... need to pay toll... nobody want to speculate

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Added on October 31, 2010, 11:32 amThe last group of peoples join the crowd are losers. They just speculating, they just gambling now.

But then, nobody can tells they are last batch until it really happen...

This post has been edited by noproblem: Oct 31 2010, 11:32 AM

well.. property market is ridiculous now.. just went to see an apartment unit in usj.. listing price is already above market value and unrealistic in terms of investment ROI.

viewed the unit, said would give counter offer in couple hours.. Called the agent, and first word she said was unit was sold already. I contacted the tenant of the apartment (well did took some time after the agent left to chit chat with the tenant who's currently renting the place). They said the last viewer offered 270k. Opened cheque immediately for dp and said would transfer remainder within a week.. The tenant says they are investors looking to make a buck by flipping the apartment..

There's just too much liquidity now.. something's gotto change in order to make these investors feel afraid...

Do you mind sharing the name of the apartment?? and the rental yield there?