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

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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.
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..
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Seminar: "How to get rich..." first of all, join my seminar.

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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.
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.

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