Flat in damansara perdana? You are refering to flora damansara or condos at damansara perdana?

I don't quite understand why you are trying so hard to convince people here to buy (price won't drop) and saying no matter what you will not sell.?? no offence. 

---

Added on January 7, 2011, 1:44 pm

Cant agree more that consumers are being consumed by debt 

I don't quite understand why you are trying so hard to convince people here to buy (price won't drop) and saying no matter what you will not sell.?? no offence.  BTW, the point that there are always many buyers vs few sellers, can provide statistics to prove or not? what make you think that people will wanna pay you 40-80% more to buy your property?? are you the only one owning properties in this country? 

---

Added on January 7, 2011, 1:44 pm

Cant agree more that consumers are being consumed by debt 

this remind me the time i helped my newbie RE agent to put exactly the same kind of flyers into mail box and also sneak into condo to put in mail box.

this is to get more property listings.
nothing to do with potentail buyers

some ppl like me ask the price for market research, compare selling price around that area and also the actual market value and rental
find the better potential place for investment.

This is out of topic but.  what you said sounds just so wrong.

It's no secret that stocks crash. and when they crash, who do you think lose money? Anybody but yourself? It's always a risk.

You probably will try to call in to sell, but can't get through.

I think many in this thread underestimated how good the rental is, in good locations in Klang Valley. A small room in a good location can fetch RM400-RM700 per month. A studio unit can fetch RM1500-RM2000. And the tenants are young locals, not expats. And when a tenant leaves, a replacement can be found within days. With good rental, there is a huge margin of safety against interest rate hikes. With good demand, an owner can hike up the rent when necessary.

---

Added on January 8, 2011, 11:08 pm

What can one do with a tulip 

But with a property, one can stay inside .... and a roof over one's head is a basic need.

So yours is an apple and an orange comparison 

Tulip has its value - ie decoration LOLz
Anyway, the tulip story had other side of it, ie, demand from the royal family, rare breed etc. They have their hype.
Property wise indeed has an intrinsic value - ie shelter.
However, when its trumped up hype, etc. then there is a danger.

Property risk is that it is long term ie liquidity risk. One cannot just dispose it as easy as stocks. Paperwork, finding the right buyer, etc. Perhaps more like those illiquid counters some which do not even have any shares traded for days/weeks. One cannot say such counter = 0 value. The value is there. Just need to hold on, put queue, wait for the bait to be eaten.

The tulip is a good lesson for mania herd mentality. Thats about it. Replace tulip with dot com. You get the dot com boom and bust. And while tulip never regained its past glory, some dot com company did survive. New ones like Google & Facebook did emerge.

So what about property? My opinion, some are really hyped up.
Location x3? Yeah indeed. Prime area vs non prime vs "future" prime. This may be the distinguishing factor. When the bust cycle comes, future prime may be really a distant future. One may be stuck with it with no gains in the future (inflation adjusted and taking into consideration of interest payments).
Prime areas wont be affected? Or only slightly affected? Doubt so. A bust cycle will bust everything. Only the degree. Perhaps prime area would not be affected as much as other non prime but even this is uncertain. Prime today, may not be prime tomorrow.
2 yrs since this thread started, any drop ar, someone commented. Timing is another uncertain point. That said, once again, the fear is the illiquid part of it. If a bust cycle does come, all the gains which are not locked are merely paper gains. That said, no one knows when the bust cycle would indeed come.
Current property market if using stock terminology - overbought.
Can it be even more overbought? Can, why not? Often happen in stocks, dont see why not in properties. But speculating in stocks in a sense is easier due to the liquidity. That said, if several session of limit downs, tu pening jugak. LOLz!

Nah, I didnt say the bust is now
Only mentioned its overbought.
And yes, its about risk management due to the liquidity issue.

Say, bull run trend.
At beginning of the trend, its weak.
Its strongest in mid of the trend.
At end of the trend is begins to weaken again.

Has the trend ended? Nope.
Did I say it ll end soon? Nope.
When will it end? Well, once again I didnt say when.
LOLz!

Only mentioning that caution is to be taken since this is comparable to illiquid counter. Its easier to execute exit/stops with liquid counters compared to illiquid counters even when bust cycle comes.
Again, I reiterate - the difference in risk management

the complain king (forumers) also got risk, they keep on complain and in the same time price keep on increase.

Great sharing sulifeisgreat! Have to read and reread make sure sink into sub-conscious mind.

Very easy to forget what we read cause 95% of herd follow the same path. All seek bigger salary, bigger houses and the story never ends.

Tat's why one wise man once told me straight, 'please don't ever mention the word UPGRADING!'. It is a famous word in Spore. Think closely, think longer, think further. There are plenty of truth in it. Don't con by the developers/bankers ---->politicians. Plenty of marketing gimmick now esp new launch projects with pretty showrooms, buyers like fishes get caught in the net. Just see what happen after GE, whether will lose steam esp the new launch.

Think many who are complaining also looking for either landed or bigger houses. The story never ends.... 

What you didn't realise is. What happens when everyone starts openning a lemonade stall?  @.@

My above post was not complaining.  Was just saying it's a tragedy when most will just eat the lemon & finds it taste bitter I find it sad for that person, and funny at the same time. Not saying that there aren't real investors out there.

The thing about location is, well, you can make a prediction, but only time will tell whether you're correct. Over the next guys prediction. Some people know their stuff, some people are just guessing. It's not as simple as telling people hey, check location, and everybody starts becoming rich.

Don't call people stupit company lah, you have to ask why having so much cash in the co.

Quick check on YTL, they have nearly RM10 bil cash. So YTL also 'stupit' izzit?

Or Si Hoi Chan. Building 3 pineapple shape condo near The Curve. Total units ~999 all each >$1.5 mil with cash! Yup, built and sell. Not even 10% deposit and progress payment from purchasers. Just imagine how much cash they have in bank. But, my limited insight think they might get into trouble this time. May be also due to wat they did near Persiaran Torpicana, trying to sabo closing the road. Beware, God watching. Harvest what you reap. 

No war war lah.

CNY coming to town. Wanna play war, buy fire crackers, go to the street or your own tamans and go shoot one another . LOL

he can either
1. buy a low cost apartment/condo (mostly subsales) and collect rental with good yield , some can earn >10%
2. invest in unit trusts. (buy REITs if he like property)

option 1 is harder work but u can see return ($) immediatly.