have not visit Lowyat forum for some time yet there are many nursery school comments on property.

ok, so the conclusion is -

(1) we are going to have recession ( i personally think it is rubbish )
(2) dont buy property, wait for few years till the property decrease in price. ( if can't afford it, dont give all those lame excuses )
(3) i think there are many COLLEGE STUDENTS or SECONDARY KIDS here in this forum, thus, a lot of times, it transform this forum to become an inappropriate place to discuss real issue.

This post has been edited by a6meister: Aug 8 2008, 12:04 PM

uncle speaking?
hey uncle, what is your view then? if global demand slows & supply of property in Malaysia is too much; isnt it time to burst?
besides, it is good to read and learn from experience people, but not to condemnn straight on the basis of age
if college students & secondary kids dont learn from uncle like you, whr to learn then? book is just merely information

This post has been edited by KVReninem: Aug 8 2008, 01:27 PM

I think uncle brought up a good point... whats the mean age group in Lowyat forum?

Forum Admin, any idea???

Bro, im with ya on this but there are many kids n even adults here cant differentiate a RECESSION n a SLOWDOWN.

Wonder if all these naysayers r actually investors or just college kids that has too much free time

now, now... no need to get personal. people are entitled to their opinions. there is no need to call those with an opinion that is different from yours a kid.

and some people i know who actually can afford it are not buying at the moment based on sound financial advise from actual experts, not lowyat experts.

The constant question on "if I earn so-and-so money and have this-and-that fixed expenses so do I qualify to buy a house" is getting on my nerve too...

Thus seldom see me posting in these topic anymore as I've given piece of my mind so many times.

Regarding property price droppings is like shopping for hand phones maybe not that drastic but similar concept. It doesn't matter because first, it's affordability and 2nd - is it worth it. It's a simple concept but ppl just like to complicate things. Also, have mentioned countless times...it also differed when the said property is meant for own stay and investment. If it's for own stay....f@rk price drop as it shouldn't be seen as investment which I still personally think that it should be liability.

suddenly we have so many "uncles" "experts" "kids" here arguing about recession slowdown

most probably new property price wont be going down...

Garden A (2006, 2007)
Phase 1: RM293k
Phase 2: RM298k
= Difference RM5k

Garden B (2008)
Phase 1: RM308k
Phase 2: RM353k (going to launch 21th this month)
= Difference RM45k

Garden C (2008) - 1 phase only for small garden
Before: RM265k
Now: RM285k
= Difference RM20k

The difference of pricing said thousand words...

Note:
All the houses within the same garden 99% same exterior design and same land size,
Just slightly 5-10% difference for the interior design

This post has been edited by gkl83: Aug 8 2008, 06:45 PM

Actually increase more than that figure(from 2006 till 2008)

Garden D
before: RM398k
after: RM498k

Garden E:
before: RM438k
after: RM520k

Hope it is not bubble

This post has been edited by muscaa: Aug 8 2008, 09:21 PM

Price increase because of demand and also material cost.
But that doesn't meant that price wouldn't drop either.
Thus in the sense of market demand is less and supply is more, than there would be obvious drop in price.

But like I mentioned, it's all about one's affordability and not a forecast on when the price is going to drop.

bcos everyone expected it & told to have mindset of so, if 60/100 say recession, the wouldnt the next 40 be will question or argue it too.

small different, you have to understand the pricing of materials before put to line, the market situation.

If B is price when it is hot cycle, the price eventually higher, try reprice nw, it is still expensive..but later will be a question for them, can they manage to meet the sales target.

if you read the star newspaper today... seems like property price going to be up by 30% around middle of next year...
not sure how true is this...maybe someone just simply say to push the sales of property...or it might be true...

but i think eventually it's still down to supply vs demand...right now we have overseas investors...if they cabut...i think there will be oversupply of high end properties...and the price might then drop...

I am not savvy either about gold investments, just checking it out.

Have you read the gold thread in Finance, Business and Investment House yet?

http://forum.lowyat.net/topic/538081

I am looking at the Public Bank Gold Investment Account -

http://www.pbebank.com/en/en_content/perso...ments/gold.html

The buying and selling rate -
http://www.pbebank.com/en/en_content/perso...goldinvest.html

OK....this is off topic already.

This is what we term as speculation.
Also price increase in property is because of higher material cost in this sense so they forecast a 30% hike in price.
But like you mentioned, it would take a drop in demand, a slow down in economy, a hike in interest rate, a recession, a wrong rumour/hearsay to bring the developer down from Millions to nothing.

In terms of pricing, you have to be aware what the price rises will consist of.

It's without doubt that the cost of building property has gone up, hence the developer selling price for new properties will have to rise.

However, if potential market demand drops, then the market clearing price will be lower.

In the Star today -

http://biz.thestar.com.my/news/story.asp?f...99&sec=business
Condo prices in Mont’ Kiara, Sri Hartamas hit new high

It is chicken and eggs theory as well.

Cost of materials rise, house price need to rise, otherwise developers won't build new houses. Without news houses in the market, supply decrease, so if there is a demand, then house price will go up. House price goes up, developers can earn more from new houses, then build more new houses. Too much new houses built, increase the supply eventually put pressure on the house price. Cycle goes on and on.

It is as same as economy situatin, cyclical in nature, won't boom indefinitely, won't drop like bottomless.

the answer is very simple, if your monthly income can get through the 35% of the total mortgage loan you request, then, just go for it and buy your dream house.

population keep on increasing. land, could not be recycle or replant. with current scenario which inflation up ( i would say is temporaly ), which cause raw materials up, therefore, property price increase, which is unavoidable. once the property market slower, the price of the property will most likely stagnant or decrease (for desperate seller) with few percentage.

there will be no big drops of property price. don't forget, you are not the only one person who likes cheap purchase. everyone likes this theory.

Everyone needs to make sure that the get a FIXED mortgage loan for their house purchase. Interest rates are at its lowest at 6% in Malaysia history. Offering you a fixed monthly installments and lowest rates.

BLR based loan are subject to fluctuations and your monthly installments will be unpredictable.

One of the lowest fixed rate loans are from insurance companies such as AIA and GE.


This post has been edited by LokGP: Aug 16 2008, 06:01 AM

Correction. The lowest interest rates we have seen to date is at 4.45%, and in long term view it can only go lower.

Personally feel that the rates offered by AIA n ING is a rip-off. PPl who took AIA fixed rate@7++ 5 years ago all regret big time as they pay thousands in extra interest every month today. They all got conned into the -> "BLR is at its lowest today, it will sure go up n the future!!!" pitch