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Financial Is property going to drop?, General property price discussion

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CKHong
post Feb 21 2011, 05:49 PM

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QUOTE(UFO-ET @ Feb 21 2011, 05:46 PM)
You probably never attend a seminar before
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attend seminar .. some need to pay rite ? or izzit all also need to pay one ? i saw some said need pay duno how much .. attend few hour.. 1 to 1 he speak and talk and give advise to u..
tarak luit..

This post has been edited by CKHong: Feb 21 2011, 05:50 PM
TheDoer
post Feb 21 2011, 05:50 PM

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QUOTE(UFO-ET @ Feb 21 2011, 05:32 PM)
When any talk or property seminars talks about scarcity, particularly land issue, we always refer to the prime land, this one must be clear and mustn't challenge the fact, scarcity also means no replacement, can anyone give an example the land where Starhill or KLCC sits on can be duplicated?

Everyone also knows that in outskirt areas llke Terengganu, Sarawak, Sabah etc, land supply isn't an issue...pointless to argue

Investors invest everywhere in the world, they has one main target, speculate the properties in prime location or most potential land by creating wealth
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I can't fault you on finding potential land. But I will not condone people hoping to ride of the optimistic wave.


With regards to duplicating location, yes. Some places can't be duplicated. But yet, other places will develop and increase in price as well. it's not just those areas. So scarcity is an illusion.

Do consider that I am seeing props that are found in the middle of no where, and they are being grabbed like hot cakes, while the taman next door have a string of homes for sale.

From what I am seeing, prime land can over night turn into slums. Consider the old melaka bus station. That place used to be the governing centre of melaka. Now the major shopping complexs have closed down, leaving a few seedy looking ones. There's a grand hotel there that has changed management twice last I counted. The place is like someones body after cancer. If it wasn't for the school nearby, and the government driving traffic into the area, that place would be dead.
godutch
post Feb 21 2011, 05:50 PM

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QUOTE(CKHong @ Feb 21 2011, 03:36 PM)
bubble burst.. i will get a house  smile.gif  its not like we got alot of thing to pay to the bank.. its our 1st properties... scare what ? the one scare is those who owned more properties and each month they have to fork out xx amount of money  biggrin.gif
fearing that price will drop lower > ownself set a limit lur.. those who set too lower.. end up the property price go up .. then its their own fault lo.. ;p  they can also do as below :
Property A : b4 bubble  > 500k    it drop to 400k, the fella wait.. drop till 380k , the fella wait again , it go up to 420k > 
a) the fella kept waiting cus they thought it will drop below 380k > if property keep on increase.. then its their own fault already lo
b) the fella buy at 420k > at least b4 bubble and after bubble.. can save 80k.. also worth what ~

depend on how we all set the limit ~  tongue.gif
problem now is, we kenot afford the properties now.. thats why wait for it to burst.. even if it become more and more expensive.. kenot do anything also what.. we kenot afford it..
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can't agree more, for the genuine buyer, it's just a matter of affordability as house is a basic need. we just want to buy at a fair price not gorenged/speculative price.

when property prices drop to the fair price which could be roughly estimated using the discounted cash flow valuation (yield analysis), i will definitely buy FOR OWN stay. smile.gif
TheDoer
post Feb 21 2011, 05:51 PM

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QUOTE(CKHong @ Feb 21 2011, 05:49 PM)
attend seminar .. some need to pay rite ? or izzit all also need to pay one ? i saw some said need pay duno how much .. attend few hour.. 1 to 1 he speak and talk and give advise to u..
tarak luit..
*
Seminar: "How to get rich..." first of all, join my seminar.

thumbup.gif
godutch
post Feb 21 2011, 05:52 PM

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QUOTE(UFO-ET @ Feb 21 2011, 05:46 PM)
You probably never attend a seminar before
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not interested to help speculators finance their properties and not interested to learn GAMBLING smile.gif


Added on February 21, 2011, 5:53 pm
QUOTE(TheDoer @ Feb 21 2011, 05:51 PM)
Seminar: "How to get rich..."  first of all, join my seminar.

thumbup.gif
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rclxms.gif good one.


This post has been edited by godutch: Feb 21 2011, 05:53 PM
TheDoer
post Feb 21 2011, 05:54 PM

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QUOTE(CKHong @ Feb 21 2011, 05:39 PM)
yeah.. good luck to us.. pray.. we need to pray..
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I'm praying to all the gods now, including the ancient egyption god Ra.

Currently the signs are good.
godutch
post Feb 21 2011, 05:57 PM

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QUOTE(TheDoer @ Feb 21 2011, 05:54 PM)
I'm praying to all the gods now, including the ancient egyption god Ra.

Currently the signs are good.
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noticed auctioned listings are increasing.

let's pray hard and continue to do our search, coz i find sometimes it is possible to see fairly valued (resonable yield/ bank value) properties, but just that don't get the "this is the one feel" as i am looking for a home biggrin.gif
CKHong
post Feb 21 2011, 06:02 PM

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QUOTE(TheDoer @ Feb 21 2011, 05:54 PM)
I'm praying to all the gods now, including the ancient egyption god Ra.

Currently the signs are good.
*
+10 !! ahahah.. depend on u liao.. since u pray to all the gods ! (when someone meets the end of the road.. and no place to go.. they will pray to god)
new properties now.. hard to get 100% fully sold.. especially the higher level one.. a good sign maybe ? smile.gif
plus need to blame those developers.. simply stick a red note stating all already sold..
after few months then increase few puluh k.. then say " aiya.. some of the buyers.. kenot get bank loan leh.. ok la.. now i release the unit .. who wanna buy.. come come.. its very hot.. super hot !! "
they not boring one oh.. keep on using the same technique.. =.=


Added on February 21, 2011, 6:05 pm
QUOTE(godutch @ Feb 21 2011, 05:57 PM)
noticed auctioned listings are increasing.

let's pray hard and continue to do our search, coz i find sometimes it is possible to see fairly valued (resonable yield/ bank value) properties, but just that don't get the "this is the one feel" as i am looking for a home  biggrin.gif
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sad.gif too bad i dun like auctioned home.. duno inside how teruk it'll be.. sad.gif
somemore.. (duno how true is it) they all said, there's insider inside the auction.. they will try to raise the price of that property by joining the auction..
but duno what happen if they won the auction tongue.gif

This post has been edited by CKHong: Feb 21 2011, 06:08 PM
godutch
post Feb 21 2011, 06:16 PM

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QUOTE(CKHong @ Feb 21 2011, 06:02 PM)
+10 !!  ahahah.. depend on u liao.. since u pray to all the gods ! (when someone meets the end of the road.. and no place to go.. they will pray to god)
new properties now.. hard to get 100% fully sold.. especially the higher level one.. a good sign maybe ? smile.gif
plus need to blame those developers..  simply stick a red note stating all already sold..
after few months then increase few puluh k.. then say " aiya.. some of the buyers.. kenot get bank loan leh.. ok la.. now i release the unit .. who wanna buy.. come come.. its very hot.. super hot !! "
they not boring one oh.. keep on using the same technique..  =.=


Added on February 21, 2011, 6:05 pm

sad.gif too bad i dun like auctioned home.. duno inside how teruk it'll be..    sad.gif
somemore.. (duno how true is it) they all said, there's insider inside the auction.. they will try to raise the price of that property by joining the auction..
but duno what happen if they won the auction tongue.gif
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actually i am not interested in buying auctioned properties either (for own stay ma), but i thot increasing auction listings is a sign that the market will either be stagnant or may be adjusted.

I also noticed certain old condos were being auctioned at quite a hihg price so i suspect these are the properties that some no holding power speculators bought over the past 2 years but couldn't get tenant and in the end could not afford to pay mortgage. But not to say too many of them(so not sure whether these are isolation cases or not), so i am still monitoring while looking for my home sweet home.

Also noted that a house that i was interested to buy 4 months ago still unsold , didn't buy coz was 100K higher than bank value rclxub.gif , and now the seller lower the price by about 5%, still too high, am still monitoring smile.gif

This post has been edited by godutch: Feb 21 2011, 06:18 PM
CKHong
post Feb 21 2011, 06:32 PM

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QUOTE(godutch @ Feb 21 2011, 06:16 PM)
actually i am not interested in buying auctioned properties either (for own stay ma), but i thot increasing auction listings is a sign that the market will either be stagnant or may be adjusted.

I also noticed certain old condos were being auctioned at quite a hihg price so i suspect these are the properties that some no holding power speculators bought over the past 2 years but couldn't get tenant and in the end could not afford to pay mortgage. But not to say too many of them(so not sure whether these are isolation cases or not), so i am still monitoring while looking for my home sweet home.

Also noted that a house that i was interested to buy 4 months ago still unsold , didn't buy coz was 100K higher than bank value  rclxub.gif , and now the seller lower the price by about 5%, still too high, am still monitoring smile.gif
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wah wah.. they changed to 5% liao ! nice one
the properties i'm eyeing.. macam 60k++ higher.. where got so much downpayment money to pay oh...
10% from the properties
SNP, doc fee's, lawyer fee
+ 60k ++ higher than bank value.. T_T

teoanne
post Feb 21 2011, 07:30 PM

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Property prices expected to go up, up and up with MRT in place :-)

http://www.theedgeproperty.com/news-a-view...excitement.html
leeziliang
post Feb 21 2011, 07:36 PM

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For me, property prices wont drop, it will just slow down the price hiking. Of course, those sell with financial problem, it is another say. But now people are super rich, when they will bankrupt? tongue.gif just my one cent~
ivanachang
post Feb 21 2011, 09:59 PM

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prices already dropping if you know where to look tongue.gif
supply > demand slowly
CKHong
post Feb 21 2011, 10:27 PM

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the condo near my working space.. i can see that there's 2 condo that the occupancy is less than 50%
supply > demand i say biggrin.gif
our country need more people to spend $$
so we need those super rich fella to buy more properties
ivanachang
post Feb 21 2011, 10:35 PM

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yup .. condo is way way too many .. and the next one is tongue.gif go guess laugh.gif
TheDoer
post Feb 22 2011, 12:34 AM

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QUOTE(leeziliang @ Feb 21 2011, 07:36 PM)
For me, property prices wont drop, it will just slow down the price hiking. Of course, those sell with financial problem, it is another say. But now people are super rich, when they will bankrupt? tongue.gif just my one cent~
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As I mentioned before, it's not about people who go bankcrupt lar. It's about speculators, finding it less attractive, and harder to sustain their "investment". If however they delay and are stuborn, then they may find themselves in bad debt. That's a risk they take themselves.
cherroy
post Feb 22 2011, 12:40 AM

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