up 30% is not much. lets wait and see.
300k property will jack up to 390k.

went for a preview of one of these property gurus..
the actual course abt 5k..
is it worth it? ...any opinions from those whove signed up for such courses will be appreciated.thanks

Just a suggestion.

Sellers hold don't sell. Buyers, boycott dont buy.

Let the developers suffer. See how long they can last. Gomen will come to rescue, cronies kaki lang mah!

Some cash rich developer near bu so desperate resort to road closure of old area in order to promote and sell their new launch. Old area will pull down their price mah. Total 900+ unit above 1 mil per unit. Facing high tension cable towers some more. Goreng goreng. Good luck to them 

Hmmm, if the booms peaked every 12 years then 2009 should have been the top.  There was a mild correction after the financial crisis which if the free markets would have been able to work the correction would have fully been realized.  In essence with money printing (QE) on a global scale a false bottom concludes no correction was allowed to occur.

This along with unaffordability and talk about bubbles now are more maintream along with governments stepping in to secure positions.

Mid Terms USA, huge Sovereign Debts and currency debasement matched with trade wars is going to finally take the air out starting Nov 3rd ....correction which wasnt allowed, will happen but to what pace is unknown!

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

Any ideas what is the price increase in Puchong? There is this propertry developer Plenitude building houses for $300k+ last year but after one year increase to $400+ for the same size unit! Just the design change a bit. This is crazy if each year increase $100k, how people are going to afford to buy a house?

Best,
escargo75
http://poweroneminute.blogspot.com

Malaysia will only be marginally effected by government controls if any.  The bubble is in, plain and simple, and is driven not by domestic momentum but the global markets.  Valuations in the stock market in Malaysia are only moving up based on the value of the MYR.

The RE market in KL and KV prime areas will correct based on the next downturn which is unavoidable.  Think Global, be proactive Local.

Where will our children live?
Will they be able to afford to live where you live?

Six years ago, a fresh graduate with good results could earn a starting monthly salary of around RM1600 in a respectable firm.

Back then, a modest 2-story link house in a good area (eg. Damansara Heights) cost around RM500,000.

Today the same fresh graduate could earn up to RM2600, but the cost of link houses almost everywhere else ( Bandar Utama, Desa Park City, etc) has shot up to over a million ringgit.

In very simple mathematical terms, what would have taken an industrious fresh graduate 30-35 years to own a modest home, would now take at least twice as long to own.

Unbelievable. But true.

The cost of home ownership in all areas, particularly in the well-established ones, has far outgrown the increase in real income levels.

Which leads us to the inevitable question - where will our children stay?

Or to put it more precisely, albeit crudely, where will our children be able to afford to stay?

Discounting any inheritance, lottery strike or other windfall, the truth of the matter is, at least for one family who grew up in Damansara Heights, that it took both the husband and wife to work extremely hard, which lead them to be promoted to the highest levels in their respective organization, and still just barely be able to afford a small little bangalow in the same area 20 years after they graduated!

And this is a family that eats and shops very moderately, buy their groceries from hypermarkets, do not club, drink or even hang out over RM10 coffee lattes.

If they had achieved any less success, got stuck in "upper management", or spent more extravagantly, they are convinced there is no way they would have been able to afford to stay in the area!

Does this sound exaggerated?

Not at all.

If today, you can only get an old link-house for the same price as what you would have paid 20 years ago, dare we imagine what we can buy 20 years from now?

Actually, we can - if we are brave enough!

In 20 years, your RM1 million which could buy you a nice bangalow 20 years ago, and an old link house today, will likely only buy you an old, 1200-1600 sf condominium in the same, well-established area.

Will this really happen even with so many condominiums being built?

The answer is yes. For the simple reason that even the number of units of condominiums in a particular area is limited. It will take much longer, but eventually, it will happen.

So what can we do if we would like our children to even have a chance of buying a house in the area they grew up?

Well, the answer is pretty obvious isn't it?

You have to buy the house now, and hold it until they come of age, otherwise, short of a windfall, it will be most unlikely that they will be afford to do so.

Some parents have already realized this, which has accounted for the recent upsurge in transactions, and prices, of old link, semi-detached and bungalow properties in all the well-established areas.

We are no longer in the age of "psf reasonableness", "capital appreciation", "ROI" or "rental yields".

We are really in the age most aptly described by Elvis Presley's 1960 number one hit in the UK and USA...

"It's now or never!"

the final quarter take up rates is very slow for new launches.
and for sub sales, there is  a serious slow down.

Happy New Year ... 

Let's see what happen on Monday KLSE (aka BM) ... 1st day of Trading in 2011

Actually condo prices is going down since a this month around my area ...

1. Too many completed condo/apart this year
2. The guy jumped

Yeah .. it affected the area value i think

Where have you been? Yes, property prices did dropped a lot, i have data to back it up that many ppl who bought properties during the peak of 1996 suffered a drop of 30%-50%. For all bubbles, it usually take 20 years to recover from its previous peak (inflation adjusted).

This even happens recently for those speculators who bought KLCC condos during the peak. One example is K Residence was transacted at the highest RM1,800 psf and lowest at 800 psf (during 2008 global financial crisis). Remember, for every 50% fall in price, it takes 100% gain to recover back to the original price, and it usually takes around 20 years if you bought at the peak!

------------
PropWall

guys... if bubble burst a lot of ppl will die n jump la...
property price drop also ppl going to stay inside ma...
if property price drop do you think my rental will drop?
now i stay in a room in BAndar Utama cost me RM650 per month.. middle room only ...

For your reading pleasure. Just read it with a pinch of salt and don't get too greedy

http://www.starproperty.my/PropertyScene/T...ghtBox/9559/0/0

Prices of new launches range between RM750 and RM2,500 per sq ft (psf).

Gosh! Sporeans are entering the market, hopefully not mass exodus, be it JB, Melaka, KL, Penang dll. Spore gomen impose 16% stamp duty if properties sold within 3-4yrs! So, don't expect properties >$500k to burst any time these coming months! Sigh ... competition more competition!

Disagree with you on this, as KLCC and Mont Kiara have already burst 2 years ago. If anything bursts, it will be the rest of the Klang Valley....which these days seem to cost more than Mont Kiara and sometimes even more than KLCC!! (eg. CentreStage vs. Summer Suites)

In general, foreign investors feel that Malaysia property is cheap, investing property is less risky than stock mkt in Malaysia, we must face the fact that we dun hv Gd government like S'pore, Japan Taiwan or even China, dun expect g'ment can develope rural area anymore, only Penang & KL got hope, for me if keep 300K in RM cash is much much more risky than keep gold or real estate, property in M'sia serve special role to hedge against RM depreciation, if you invest share or insurance, end up you get back RM, I dun know the 100K cash I receive fr Insurance policy by yr 2040 can buy a small Perodua or not?