Nowadays, the property price expensive is one thing...but the problem is the property is expensive and lousy! Like Sunway Nexis....just build 4 walls, windows and a door wanna charge 700+psf....CentreStage is another case....

haha... not everyone wants to open lemonade stall, coz its similar to running a business & its not easy, most went bust!
most rakyat just eat lemon & finds it taste bitter, but they think life is unfair & they hav a right to an easy life
since its a free world, they do hav a right to voice out

no need sympathy for those who eat more than can chew, everyone need to go thru some hard knock in life
agree 'it's not as simple as telling people hey, check location, and everybody starts becoming rich'
look at those who bought those high end condo around klcc, pavilion & etc
since u hav got ur plan ready to invest while waiting for a crash, stick to it

our experience differs & its difficult for a fish to tell a bird how nice it is to live underwater
my target market for tenant r not the high end expats, due to bolehland policies on fdi & etc, most mnc will go elsewhere
I like those local tenant who just started work & wan to stay a nice comfortable location for a short while
students r ok too, coz they hav sponsors who r willing to pay more, so tat they hav a comfy place to study

FYI
"when most will just eat the lemon & finds it taste bitter" was not from my quote, I think you added it when replying to my quote.

This post has been edited by TheDoer: Jan 25 2011, 04:37 PM

no one can stop them buying as long as someone willing to sell, banks are willing to lend money and government is not willing to interfere.
there are many options out there for investment and property investment is one of it.
if we think the housing price is unreasonable, just do other investment and buy when the so called "bubble burst"(if any in near future).
i think can get good property at good location with good price.

it is also depends on risk appetite.

This post has been edited by alfred liew: Jan 26 2011, 04:55 PM

This is true, those properties highly sort by foreigner generally appreciate pretty fast during good time.

students may be a good target market but i don't think local tenants are better that expats tenant( i am referring to those expats with housing allowance given by their company). normally expats tenant are fussy but they don't mind to pay more since their company is paying the rental and they are less likely run away with your furniture plus harassment from loan sharks(as they borrow money from loan sharks).

guys, check out the latest housing affordability survey. Looks like properties in major cities in Australia are the most unaffordable. HK tops the list of course. I would think Malaysia hovers somewhere between 6 to 7 assuming normal median household income of 6k (72k per year) with a house costing 500k. That would put our properties in the 'severely unafforable' category. Hmmm...maybe should invest in the US? :-P

wops, forgot the link - here it is http://www.demographia.com/dhi.pdf (see page 9 on adobe, page 3 on the document itself)

This post has been edited by teoanne: Jan 26 2011, 05:35 PM

median household income of 6k > means hubby and wife total salary ?

yes, husband and wife. but i cincai pluck a number only. i don't know the 'average' household income in Malaysia, so this just is my assumption

That would put our properties in the 'severely unafforable' category

nice one.. but still.. others will keep on saying " bolehland properties still very cheap compare to foreigners.. "

6k household can afford to buy 500k property? (kai wan xiao) , unless 8k and above lah.

Thats the point 222222 (sorry, dunno if enough 2s or not :-P), property prices are rising beyond the means of many Malaysians whose incomes are not rising in tandem. The point is unaffordability. Even working on the basis of 8k (96k per annum) for a 500k property, we are still in the 'severely unaffordable' category.

I always knew US properties were cheap, this confirms that they are dirt cheap.

Note in my previous posting on housing affordability where we find KL props and some selected KV props to be at 8.5x income where national avg. is much less as reflected in this article.

Debt to Household Income at 145% for Malaysians also is a major threat in any correction.

Increases in Listing of 400% with little to no transactions should be a major indicator.

It is what it is, to ignore it only means one thing!

We cannot using average income as indicator to show it is unaffordable.

We must find out how many % of people are earning 8K, how many are earning 10k above, how many earning 2K.

If there is 100k people earn more than 10K, while there is 900k people earn 2k, then your average income is 2.8K only.

But if there is only 5K unit of house around of 500K, while there is 100K afford to buy the 500K house, it is still within the comfort zone, aka affordability.
We cannot use 2.8K average income then conclude, people no longer can afford to buy those 500k house, and bubble already.

The support of those 500k properties come from those people earn more than 8K, so to analyse whether the 500k properties can hold the footing, the right way is to know and analyse how much people earn more than 8K vs 500k properties availability out there, and look at those 2k, 3k one won't give you the right picture. No offence.

There may be a lot of small business owner, SME enterprise etc earn more than 8K or 10K per month as well.
Also, properties owner is not limited to individual, company, listed company also can join in the buyer list as well especially those cash rich company which find no way to use their money.

Yup, expats are fussy. But tat was during moving in stage. Give them 5-star service when they move in, provide hassle free service, stay there check with them everything ok? Happy? If not then rectify on the spot. Then in the coming months, yrs, you be happy happier

Happy tenants, happy landlords. Property guru Renesial Leong is right. May be ladies got better EQ than men.

Downside is foreign expats dropping from peak of nearly 40,000 in the 90' to ~25,000. Nowadays mainly low cost, middle cost foreigners. Middle Eastern type top the list. Like low cost AirAsia type.

So with the influx of new properties in town, wonder how long good ROI can last?

this post was almost 3 years ago...people has start talking about property price drop

This post has been edited by epie: Jan 27 2011, 10:58 AM

wondering so many properties sold out b4 or just right after launching what is the developer going to do with the huge sum of downpayments collected? invested back into property or sharemarket? etc

WoW this question....u are like asking what shud people do with money

You think developer don't need to pay for the construction materials they are going to buy and needed for construction and paying wages for their employee?

Even at 10k Household income I think it's comfortable purchasing brand new 500k property (no children yet of cos) but not subsale properties. With the difference in bank evaluation, S&P and etc costs... it's crazy amount of cash to fork out right at the start.