How much rental are you asking for? Maybe should lower your expectation for the time being until occupancy rates there improve.

too many units studio at verve suites thats why

do u have any facts and figures to support your points? in my opinion, property price will still up over time, it could be increase in a slower pace, but it will still increase over time, push by the infation, demand and supply, the growth of urban population.

If I am not wrong, property price always upward, except in year 1998(stock crashed). Correct me if i am wrong.

furthermore, GST implementation by next year...would further infla the property price

why does the increase of GST have any impact on the property price?

just wanna ask.. if property is going down.. should i buy house now when the bank offer higher BLR- or waits to the property value drop?

thanks

another quick question, if property market do crash, would it go lower than developer selling price?

The problem with waiting for property value to drop is you could be in for a very long wait.

And during the 97/98 economic crisis, banks were reluctant to give loans. The same thing happened (and is happening) in the US.

This is my opinion only but if a person is buying for own stay, try to find a property that she can comfortably afford instead of waiting for price to drop. There are still reasonably priced property in the not-so-hot areas.

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Added on April 28, 2010, 12:51 amDepends on the magnitude of the crash, and whether the developer price is reasonable or insane in the first place It happened in the US in the current crisis.

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Added on April 28, 2010, 12:57 amGenerally true. But I read that some investors in Malaysia and Singapore, who bought at the peak before 97/98, waited more than 10 years before the market price of their properties recovered to their purchase price.

This post has been edited by Moolah: Apr 28 2010, 03:28 AM

Same was true for the HK market!

if its happening now then buy, if not u shouldn't wait! Good property wait for no one!

impose of GST will cause the final price increase, so everything u buy will be Price + GST, then will cause the inflation getting more serious.
Property is one of the best hedge against inflation, so demand of property will be more, which will push up the prop price.

you're right, those waiting for property price drop is just a dream.

I think property prices will not go down, unless it is being forced into auction due to default by house buyers.

This may be happening if everyone is trying to ride on the cheap loan available, such as free interest while under construction, and hold on to the property in hope of appreciation to be sold once the property is completed. Unfortunately, once the property is completed, the owner realises that everyone was also buying at that point in time in hope of appreciation. If the location is not good, there is no real buyer, no demand, and therefore the housebuyers start defaulting as a result of not being able to rent out. Banks take over the property after default, and put on auction with 20% below market value reserved price.

By the way, I am looking for new property around RM350k. Any recommendation please PM me. Location must be accessible and maximum 30 minutes away from KL.

Try subsale at OUG or Kinrara.. Don't think can get new property within strategic location as mention. Unless try high rise. .

If you want to know where RE is headed in the US, follow this link....read it carefully, watch for a repeat of late 2008.

Buying property anywhere in world when rates are on the rise is just foolish. You simply wait out the rate rise just before the top when those in overleveraged positions default or bail driving property pricing down for the whole period, guessing 3-5 years then you have the potential to move back in.

http://pragcap.com/updating-our-outlook-on-housing

I'm sorry but under the GREAT GLOBAL RESET, I just dont see enough SE Asian buyers, or any buyers globally being better positioned to purchase as less will qualify, unemployment will rise and household income to cover your needs only, if you are the avg. Malaysian I dont see it.

This post has been edited by Onemorething: May 4 2010, 02:30 PM

if you always follow property price in pj, u will find out second hand condo price in pj going down a little bit, about 1%~5% compare with dec 2009 for example pelangi utama dec 2009 selling price for 1000 square ft is about 360k~380k, now is about 330k~360k.

Understand from recent news landed property rises 15-20% within this 1 yr. My oh my, what's happening here?!?!?! Experts /sifus / gurus all wrong.

Pelangi Utama 360/sqft!!! My oh my, compare to Riana Green only around 280/sqft. What's happening? Looks like speculators are stirring the market. Recession / inflation / deflation / depression what else, more like halocination ...

pelangi utama more expensive compare with riana green due to location, it's easy to rent out with high rental. rental price is about 2k+

This post has been edited by cloudwan0: May 5 2010, 01:28 PM

People who wish prop price to drop = People who don't own a property
People who wish prop price to rise = People who have a property