better go buy subsale than auction
less hassle...dunno what are these people think

http://www.starproperty.my/PropertyGuide/Finance/9533/0/0

All these views are given by ppl in the property industry. Should never be believed. All of them are taking care of their own rice bowl by striking fear into ppl by speculating on property prices. Just ignore them and stop puchasing property till end of 2012.

why wait till end of 2012?

because after 2012 you will know whether is end of the world.

Tot 2012 Armageddon end of world. Anyone watched the Hollywood movie? May be wait till 31st Dec 2012 see whether world still around ...

lol@2012

if property continue rising, nobody would be able to afford them.. and when nobody buys..prices have to normalize itself to be in line with the buying power..right..thats what i think anyway.

the funny thing is, land is NOT scarce in Malaysia, we're not Hong Kong and Singapore. so what's the big hoohaa anyway.

LOL. Yes, land not scarce. But many people feel they have the "right" to stay in good locations, don't want to stay in the outskirts, in the middle of nowhere

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Added on January 17, 2011, 11:56 amThe same report also predicted that the land price in those hotspots will increase by up to 500% within 5 years.

This post has been edited by Veda: Jan 17 2011, 11:56 AM

Thats when we'll probably have a reliable feel of the property outlook.

there are certain 'outskirt' area also experiencing incredible hike in price.

Newer parts of Puchong? Desa Park City?

Go to iProperty can search for 'New Property' then sort it by newness at the top. Do this for KL and Selangor. Then think about those who just entered the workforce or middle income group.

So the property prices must come down so that "those who just entered the workforce" can afford to buy property?

The monstrous sense of entitlement of kids nowdays

I wonder whats the salary of middle income group nowadays ?
;p

5k~10k > middle income group ?
cus i think the previous middle income group is being dragged to low income group ~

This post has been edited by CKHong: Jan 17 2011, 03:22 PM

Invest in a car first this year?

I totally dun agree with the statement, urbanization seems growing in accelerated speed everywhere, city's prime land in the whole world are scarce, there is no way back for land price to drop in prime area...looking at the upcoming high rise buildings in the pipeline (about 200 super tall buildings in Klang Valleys), landed property in KV will deem to be super super hot in future

sure boh? some forumers say bubble will pop as whole universe experience RE
better dun buy, wait bubble meletup
after 5 years, prop value up 500% as per news report
once bubble blow, will it drop 50%? izit means 500-50=450%
then, it is a very good choice to wait bubble burst

Personally I think now's nearing the peak of the Seller's market, if not already the peak.
Based on the previous 20 years history, a fall will eventually comes. Perhaps it wont happen in all areas, but generally prices will stop increasing and starts to waver, finally start decreasing

As the music goes on, people continue to BBB mode. The chart keep on going up.
Sometime i just regret that i keep on gather information and miss the opportunity to goes in at the right price.

I say that the current market is the developer that goreng the price up.
No matter how much they jack up the price, people still rush in to buy like there is no tomorrow.
What to do, demand is more than supply.

They're also testing the market now.
If we are in the developer shoe, i will also maximize my profit by jacking up the price.
But i cannot suddenly jack up the price too much, scare the consumer will jump off, so step by step i jacking up the price lo.

Iz like frog in the boiling water, when you cook a frog slowly, it won't realize until it died.
But if you suddenly throw a frog into the hot boil water, it will surely jump off and escape.
The developer is trying to catch fish with a big net woo.

I don't think this is a right statement to describe.
Yes, all developers want to jack up price, take advantage of the situation. Who don't want more money being made

But to say developers cook the frog slowly, is not the right statement.
Developers don't care and don't want to cook the any buyer, they just want to maximise the profit, whether the market sustainable, buyer afford or not is not their concern nor they have the right to concern, they just care about profit being made.
You do business, you don't ask your customer or when you do pricing time, you don't care whether the customer afford to pay or not. You concern the pricing can get enough customer or not only.

It is all about demand and supply. If developers jack up the price 10%, there are still plenty of buyers, then for sure, next time, can jack up another 10%.
Developers don't want to see frog being cooked and die, it affects their future business only. That's why price being hiked step by step.
Also we must take into account of inflation factor, subsidy being removed issue etc.
You do not expect price of properties to plunge in a high inflation environment, this is not something realistic

It is all about demand and supply force. When demand overhelm supply, the only direction is up only, until balance point being achieved, same with vice versa when property price going down time.