I am new here currently i dont have any properties but wanting one.

IMHO housing properties value depends on the demand of the area.
Is not easy banks to approve loans for certain area that is uncertain returns, therefore they will ask buyer intend for investment or own stay. example like rawang area, banks are not approving loans at all for the area, they are afraid buyer unable to pay back & result bank have to lelong & ended up losing money.

Since the booming housing properties market here, many are still unable to buy, due to credit card debts & income factor.
I believe this will result too many owned properties floating in the market without buyer, so it goes back to the generation of renting & slowly if the market economy pick up, this renters will start to purchase. So the cycle will start again.
If the cycle doesn't start, it will become a boarder of rich remains rich & poor remains poor.

Be sure to choose those credible developers who won't abandon the project half-way. I'm one of the victims of abandon projects by Juta Permai (subsidiary of Merge Housing).

Monetary is one aspect we need to look at. Our affordability and ability to get loan and repay it.

However, please, please ... remember. Don't get yourself caught in any abandon housing project, then, not having own home to stay and have to bear with monthly rental. All hard earned money are stuck and have to live at the Mercy of Merge Housing's directors.

Look at Denai Alam, Sime Darby is offering great deal now!

This post has been edited by GHz: Apr 2 2009, 03:13 PM

How good was it? The last time I went to its sales office, their offer was nearly 400K.

These are the benefit that home buyer will gain through this campaign.

Special Down Payment scheme, with initial payments as low as RM3,000.00 and the differential sum payable in instalments of up to 12 months. Payments can be made by cash, credit card & cheque. Bumiputra discount can be used to offset against the differential sum.

Free stamp duty and legal fees. This includes, FREE Stamp Duty on Memorandum of Transfer (MOT), FREE Legal fees and disbursement on Sales & Purchase Agreement (SPA), FREE Legal fees and disbursement on loan documentation, FREE Stamp Duty on loan documents. The saving on this fees is about RM14.5k for a house price of RM350k & it goes as high as RM134k for RM2.5million house.

Early Bird Rebate & it depend on the month of signing Sales & Purchase Agreement with down payment. The Early Bird Rebate will be paid in CASH on vacant possession, after deducting all outstanding dues. Up to RM10k but now only about RM7k

No interest to pay during construction. Saving is about RM9k for for a house price of RM350k & it goes as high as RM71.6k for RM2.5million house.

Fixed BLR-2.3% upon vacant possession for the whole financing period

Any good buys for first home wannabe in johor bahru?

Lets go back to the principle of demand and supply, bearing in mind the construction costs to determine whether the price is go up or down under various economic condition..

that also explain why some properties are even pricey although in current downturn economic situation while the other properties are not..do you realized that high ends properties are less effected even in downturn economy?

How best to explain the situation where a developer is selling their house at costs and thin margin (force selling situation) to attract buyers? they will only consider this way if the demand of their properties are weak while they are facing liquidity pressure to cover their daily operation and debts?

why the demand are weak? - it can be caused by external factor (people doesnt have money) or their properties are really unattractive and valued at lower price than its tagged..

considering the above, lets go back to supply and demand principle, as i believe all factors that mentioned in this thread are not absolutely true or wrong, but entirely depends on situation and your basis of argument.

No argument.

Thanks

So....what are u trying to say?

Is demand > supply? Supply > demand? Or are u sitting on the fence and giving a "mixed" response?

Please elaborate.

I LOLed.

No argument.

Anyone attended any property talks lately and care to share market sentiment? It's quite hard for novices like myself to give an opinion, cos i don't have bird's eye view on the industry... furthermore, when i put my ear to the ground, it's all hearsay and rumours...

there's a cemetery right infront of denai alam.. have you noticed that?
what's your take on this?

Ok, not sure if this is even related but just want to be involved with the topic.

Well, prices for property is declining for US and EU. When I was there earlier this year, my colleagues mentioned the credit crunch. Houses in UK is declining about 20 - 25%.

What makes me curious is that, when will this eventually impact Asia? Or will it ever impact Asia at all? Due to the economy downturn, everything is coming downwards but whether or not this will cause the Malaysia property price to move down or not - nobody seems to know.

Some view it as a virus outbreak spread from US > EU > Asia, they say "it will come." Others advise me that they have speculators there who raise up the house prices ridiculously high and therefore it's plunging down now.

What's your take on this? I'd like to hear some veteran feedback as I am also looking for a place for my own some time end of 09 or early 2010.

Don't you follow the news? Lots of pundits, politicians, economists, etc are saying "the worst is over" and there's "green shoots of recovery".

In Malaysia, there was some drop in prices and demand until April. But since then, the stock market has rallied, real estate agents are reporting that demand has returned and prices are inching up again. Those waiting for a bargain might have missed the boat

This post has been edited by Malefic: Jun 3 2009, 10:46 PM

Yeah, and you read too much of the news....literally. It's so easy to parrot and follow the herd with that view.

No, I dont read any news on all this. In fact, it was never part of my interest until lately.

Personally, I think the price is unlikely to drop but still, I believe many is hoping for it. Yes, share prices are going up but right now is not exactly the best time.

Really not aware of the price drop in Malaysia you mentioned. Mind highlighting which project had a drop in price?

Some examples will be Ayuria and Kiaraville in Mont Kiara and Marc around KLCC. Not spectacular drop, just some price decline. But as I said, you might be too late ... there was a sharp spike in the number of buyers in May and most reasonably priced units have been snapped up.

Same case with my apartment in Subang. The real estate agents say most units have been sold except for a few outrageously priced ones ... they asked me if I want to sell my unit, say got waiting foreign buyer.

I also noticed that the double storey shops in Putra Heights were going for RM760K few months back. Now they are going for RM800K.

Keep this thread long enough and the question will not be valid anymore

Thanks for sharing. I am open to correction and knowledge. I'm not at the level to look at places like MK / KLCC and I'd like to highlight again that I'm very new to all this.

Speaking of Subang, I'm quite interested with the condos at around Subang KTM area but I think it's 100% sold out? I checked at Titijaya website and it stated so. I know there are a few upcoming projects around the area. Also read about Taylors college moving away (dont know where) but that seems like a nice play to buy for personal stay now.