Previously I felt like most of you, that the market is overheated and a correction could happen this year or next year, but with all the development planned by the government, it will effectively prevent any possible crash till the completion or almost completion of the MRT project, however once the MRT is completed I fully expect a huge crash, like in 1997/1998 when Twin Towers / Commonwealth Games era....

Ha ha you must be kidding, MRT entire project takes 15 yrs, by then "if" nothing happen economy go steady, property price especially landed in prime area would easily 50%-200% up, by then how much does a huge crash (%) you are expecting? Dun wait if you are hoping so...
BTW I think mkt will hv huge crash if World War III between USA & China take on, let's see he he

MRT should be done before 2020...where got 15 years? Crash should be similar or larger than the crash in 1998, but that's my 2 cents....

MRT has 3 lines, total 15 yrs. Dun trust our gomen too much, a simple mini LRT already drag fr 1998 till now just started...

In fact m more interested in "wat will home buyers react when market crash", if I ask now, the answer is certainly ''Buy, Buy, Buy!!"
however in reality, when it happen, most of them choose to hold on or wait & see, hope worsen some more....
My Neighbour who was searching for Kinrara house since 1996, said mkt will crash in 1997, he was correct when price drop fr 260K to 200K, he predicted will drop some more to 185K, I can't wait & bought 228K in 1998, he said riot will happen bcos political instability, will drop back to 190K, since then price has no way back & reach 430K now
Many people has right prediction, the problem is they never act at the right time

Property prices are a direct result of the amount of money flowing into it, right now the government is pumping in huge amounts of money into development, what do you think will be the result? Quite easy to see, really. As long as the inflows continue, property prices should be sustained.

-Edited due to polarization.-

Just like stock market bull run can recede quickly, that applies to property market as well.

This post has been edited by mikro: Feb 17 2011, 11:44 PM

if one day, someone suddenly thought house=toy (of making more $$).... the market will crash crazy with the assumption.

This post has been edited by sampool: Feb 17 2011, 09:23 AM

Properties too close to MRT will face drop in prices
BY THEAN LEE CHENG

17 February 2011

PETALING JAYA: Property consultants, together with sources familiar with the project say that not all properties affected by the Sg Buloh-Kajang line will have a positive impact. In fact, there will be properties that will have an adverse impact. A property developer who has several projects in Kota Damansara said the visual impact, noise and vibration would affect values negatively.

A source who declined to be named said: “If you can hear it, see it and feel the vibration your property will be negatively impacted. You want it (MRT) close, but not too close.”

The 50km line that begins from Sg Buloh will splice through the monorail and light rail transit (LRT) in the city and head south towards Kajang, affecting a total 91,900 properties along the way. Of these, 82,700 units, or 90%, will be residential units with a total population of about 341,000. About 40% of these are located in the Sg Buloh-Semantan area, and 46% in the Cheras-Kajang area.

It will be the country's largest infrastructure project, reportedly costing RM36.6bil.

A source said: “Logically speaking, people should not oppose the MRT or any form of public transport. But, if it is going to affect your standard of living, either by the noise, vibration or visual impact, then it is logical for them to oppose it.

“Imagine this: you live in a quiet, serene area for years, and all of a sudden you have the MRT line running in front or behind your property. Your serenity is broken, your standard of living is negatively impacted, and so will the value of your property.”

The noise level will be tremendous. The MRT begins from 6am to midnight. In time to come, the MRT will run every 1.8 minutes.

The main affected areas are Section 4 and 6 of Kota Damansara; Pelangi Damansara condominium; Taman Tun Dr Ismail; Damansara Utama; Section 17/52 Petaling Jaya; Bukit Bandaraya; Jalan Bukit Ledang; Bukit Damansara; Taman Desa Aman; Taman Connaught; and Taman Koperasi.

According to the executive summary posted on the Department of Environment website, as the line enters Kota Damansara, which is predominantly residential and remains so until TTDI, the line visual, vibration and noise level will be significant to properties in that area. And as the line enters the residential area of Cheras, the visual impact, noise and vibration level will also impact negatively on the property values there.

“Most of the measured noise levels exceeded the recommended limit for suburban residential area and urban residential area,” the executive summary said.

Last week, the Land Public Transport Commission (LPTC) and Prasarana exhibited the alignment at Mid-Valley Megamall. They are seeking a location in Petaling Jaya to exhibit the alignment.

The MRT route will be displayed for three months at local authority offices in the Klang Valley, in Bangsar LRT station and at LPTC in KL Sentral. The environmental impact assessment will be displayed for one month from Feb 14 to March 14

Another opposite view pulak.
http://www.chinapress.com.my/content_new.a...rt=0217bs01.txt

捷運計劃擴散效應強
週邊房產或漲26%

報導：邱佩勛
（吉隆坡16日訊）建材成本與地價一再走高，加上捷運工程帶動，我國房地產價格漲勢洶湧，尤其捷運週遭的房產價格潛在漲幅或介于16%至26%。

往返雙溪毛糯和加影的捷運路線圖日前出爐，整體捷運計劃料每年提高房產總發展值約3億令吉。

分析界看好，在捷運站附近擁有大批地庫的地主，或有金主作后盾的發展商將是大贏家！

馬銀行投銀分析員黃薇芯告訴《中國報》，為迎合捷運目標市場，捷運站附近的房產一般以高密度計劃如中價公寓為主。

“這是我國首項捷運計劃，相信將推高週遭地區的房產和土地價格。”

另一名分析員指出，根據一份學術研究報告，香港距離捷運500公尺的房產價格，比其他地區房價高出16%至26%。

“這項漲幅和我們預測的一致。因為捷運附近的房產更容易售出，行情更好。”

It will rise in general, say +-20% across the board fr now on till completion, however when train starts to operate, then those houses which are 100m+- in radius may hv price drop, 10%-20%

So in short, houses too near to track will increase a bit or no change, the rest sure rise in significant degree

It is common sense actually. Any property which is made to experience loud noise, vibrations or traffic congestion as a result of this MRT will face a drop in value. Its not rocket science. But houses within a 1km radius will appreciate for sure. It has happened in PJ.

What I mean after it drop, the future value will adjusted back to current mkt value

May agree with you on that also....i was also scouting for houses 6 years ago in Kinrara house as to settle down and get married. At that time saw a few house around 300-330K double storey...but did not get to buy cause of budget but now regretted it as it has shoot up to 500K.
So you think property prices will drop...with China sucking most of the minerals/materials worldwide, flash flood in Australia, shortage of food, inflation everywhere....really challenging years ahead for the next generation to own a property.

HK case is diff -- prop rise if the mrt is underground. msis prop price will drop as it is elevated. oso i think most msian do not like to take elevated mrt/lrt as the stations are so hot. even 100m oso reluctant to walk. eg your home or office is 1km away from the station. i dun mind to walk 1-2km if the wheather is comfortable eg Shanghai, HK, Paris, UK etc. parking at mrt stations is another big problem. In sg there are many parkings nearby eg multistorey + HDB lots

agree... near to mrt, also mean the so call millionaire property owners expore to more social risk/issue, likes security issue, traffic issue,.....

http://biz.thestar.com.my/news/story.asp?f...77&sec=business

This post has been edited by sampool: Feb 17 2011, 12:42 PM

MRT impact on price will depend on if the people in the area around the MRT line intend to use it.

If they do, price will increase.
If they don't, price will decrease.

Price of property depends on usability of public utilities nearby?? First time i ever heard of such a hypothesis. Common la! If ppl dont use it then its for a good reason which would mean either a flawed access design or poor locality.

If I don't need to use it, why would I want to have it near my house? What is the advantage?

hey, listen to radio that the MRT only takes 5 years to complete

no one will believed. I have seen so many yet to complete projects keep on delaying even the notice boards stated the completion was yester years... eg fly over bridges, road expansion etc. based on msia standard, u need to x2