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

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epie
post Feb 2 2011, 02:55 PM

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QUOTE(lucerne @ Feb 2 2011, 02:15 PM)
as someone has mentioned, the property price will up again after crisis, so people just dun care and continue jump into property market.  when there is slight drop eg 97, 08,  more people will go in (think it is cheap) and push the price up even higher.
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same like gold i think rclxub.gif
epie
post Feb 3 2011, 10:04 PM

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QUOTE(Onemorething @ Feb 3 2011, 09:25 PM)
Gold is like RE “perception is more powerful than fundamentals.”
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i bought gold @ rm109
and then i heard about bubble in gold...so i let it go @ rm120
now i regret sweat.gif

if u look closely at gold chart u will noticed that the hike starts around year 2000
and a sudden unbelievable hike from last year

i think it is safer to invest in property
besides some people are talking about bubble whistling.gif
epie
post Feb 4 2011, 11:21 AM

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QUOTE(fr33dom @ Feb 4 2011, 09:45 AM)
Really? As I see right now Kajang area housing start increase already... new launches house also need RM4XX K =.=!!

So far I already bought 1 unit in Kajang, when launch that time only RM215k from developer, now buy from owner RM350k .... sad.gif
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i'm quite positive with equine area flex.gif
dunno about kajang though, not really familiar with the place
epie
post Feb 4 2011, 02:20 PM

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QUOTE(Dern @ Feb 4 2011, 12:52 PM)
my my, what an analysis....how about puchong prima my friend ? is it a good area to buy ? i might plan to buy desa idaman or impiana....any comments please ?
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good pick thumbup.gif
nice location...easy to rent out
epie
post Feb 5 2011, 01:14 PM

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QUOTE(Onemorething @ Feb 5 2011, 11:55 AM)
with all big run-ups expect a retracement. GOLD Silver and RE will not go to Zero like the potential for stocks but that's why you balance your portfolio.

11% of all homes are vacant in the USA.  28% of all homes are under water.

Remember Sales fall first. Then listings rise. Then prices erode.  It has always been that way.

I see little to no sales in my high priced area for 6 months, I've seen a listing increase of over 300%.....next!
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therefore it is not wise to predict about timing
u will never know where is the peak nor the bottom
if u know...u can be the richest man on earth
epie
post Feb 6 2011, 10:22 AM

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so wat do u guys suggest...try to catch a falling knife?
epie
post Feb 7 2011, 10:30 AM

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buy only what u can afford...not what u want
epie
post Feb 7 2011, 04:37 PM

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QUOTE(Onemorething @ Feb 7 2011, 12:45 PM)




Added on February 7, 2011, 12:55 pm

Correct, the is no crystal ball but there is common sense.  The key to investing in RE is simply sell on the way upto the top and buy somewhere before the bottom, not when there is blood on the streets either way as that's a play for the insider, someone in the Bilderberg group or Mr. Buffet!

Bubbles are created by these three and you simply need to remove your greed and profits from any run-up known as a bubble.

buying gold at 850 and selling at 1420 along with silver at 12.50 and selling at 28.30 was a good plan.  It ran up another 10-15% but then fell off in the retracement.  Look at RE to do the same but on a longer scale.
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So wat are u saying is we need to w8 for the retracement and then start buying?
epie
post Feb 8 2011, 08:11 PM

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QUOTE(Onemorething @ Feb 8 2011, 08:51 AM)
Correct, based on the RE trend right now specific to Malaysia the run up has occured and is peaked for KL KV (key selected areas) based on lack of sales and increased listings.  This in a normal market for me would indicate a correction even in a minor runup (which is not the case), when affordability is still within reach (which is extremely high right now) and debt to income is still manageable (which we rank amoung the highest in the world at 145%).

Taking the fundamentals off the table, RE has been on an Emotional ride since 2008 and without the cheap money and momentum we have witnessed would not be where it is today, not unlike the last bubbles globally in AUS, CAN, CHINA and back in HK SING MALAY.

Great RE opps in Mongolia, almost like the UAE but not here.

Quite simply dont look at what your neighbor is doing but what the high enders are doing right now.  They all have their houses on the market and listings are up say 300-400% since Sept 2010 with limited to no sales.  This is called trying to take profits from a great run-up off the table and/or divest in RE for this period however the time to sell these props was sooooooo last August.

This supply and demand cycle alone can only do one thing to RE!

I have been through this 3 cycles before, know the signs and can only share my experiences.

Expecting Gold and Silver to retrace as it's doing back to 1150 and 18.50 which will be good buys.  You can start buying small amounts before this on the way down since again, knowone can time the bottom.

Only my opinion and willing to share!
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respect ur opinion and experience bro notworthy.gif
but like i said not so long ago, 1st time i heard about property bubble was back at year 2000...and the one who told me is working as a very important woman in BNM
but the price is still continue to hike
and then i heard again about property bubble in year 2008 and up till now the price again is continue to hike
i wonder if i have waited from 2008, lucky i didnt sweat.gif

i agree wit one of the forumer here which mentioned property bubble happens at different time in a different location thumbup.gif
epie
post Feb 9 2011, 07:49 PM

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QUOTE(UFO-ET @ Feb 9 2011, 06:25 PM)
513? Many more you shd worry? Korea war? another 911? 2012? water world? Islamic countries attack Singapore? Wat else? Better leave the earth
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sometimes when we think about the risks too much, we will miss the opportunities icon_idea.gif
epie
post Feb 9 2011, 11:41 PM

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QUOTE(prody @ Feb 9 2011, 11:26 PM)
sometimes when we don't think about the risks, we lose all our money wink.gif
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maybe u read it wrong, i didnt say don't think about the risks
just dont think about it too much icon_rolleyes.gif
epie
post Feb 10 2011, 10:08 AM

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yeah, let say if the market burst..which we dunno exactly when
do u buy? can u predict the bottom price, people will again keep waiting
wait n wait...and during that time bank oso will tighten their policies to gives loan

for me, buy some, rent some and sell some all the times
better focus on right location rather then right timing

epie
post Feb 11 2011, 07:56 PM

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QUOTE(UFO-ET @ Feb 11 2011, 06:58 PM)
DD vs SS, over supply will cause price to drop, rental will drop too, just imagine, for instance, if MK price drop 30% and rental increase 20%, do you think anyone would be blurr blurr paying high rental? very simple if installment lower than rental, sure buy

why property is more stable, it some how cater for basic needs, it won't happen like stock mkt drop 70%, I remember one of the worst Talam project in Tmn Puncak Jalil, 212K developer price in 2000, 2004 lowest hitting 175K, now back to 300K
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so puncak jalil burst oredi, 15% drop and then 50% hike
still people wanna chase the drop hmm.gif
epie
post Feb 19 2011, 10:13 PM

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QUOTE(surf-it @ Feb 19 2011, 06:10 PM)
Example.

BK5:
2006 - 350k
2011 - 500k

I didn't know our income level/inflation raised by 50k a year....
Sad...
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Example.

Milo Ais:
2006 - 1.60
2011 - 2.20

almost the same by percentage
1 thing for sure our salary wont move like this cry.gif

milo ais price movement vs petrol price

1.92 sen = RM1.60
2.70 sen = RM1.80
1.80 sen = RM2.00
1.90 sen = RM2.20

much more weird rclxub.gif
epie
post Feb 20 2011, 12:06 PM

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property price hike up depends on several factors
Kinrara for example bcos of the surroundings nearby
lots of amenities, roads, ongoing lrt extension etc
and if u look clearly...the location is becoming strategic nowadays

compare to bukit beruntung which the price wont go anywhere
u might get the idea

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