That's a very broad generalization.
The above are personal opinions of cautious investors. Ultimately, no one has a crystal ball. I for one believe the current global has no real strength.

Heard a number of oversea students there not too co-operative noisy at night.

Anyway, crying over spill milk, know it was good location, visited the showroom, $190k tat time, just need one signature and close deal. How cum my pen no ink leh #$%

haha, next time dont forget to bring more pens, that place is good for investment, not good for own stay, inside like united nations, got Korean, Japanese, nigger, indian, malay, chinese .... etc.

if u have been to both its not difficult to understand why.

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Added on May 6, 2010, 11:09 amHumorous yet a fairly accurate generalization.

This post has been edited by Pai: May 6 2010, 11:09 AM

I been to both and still dont understand why?

Mind to elaborate a bit. Thks.

My general perception is that in Msia, I never heard of people (any class) with no place to stay or cannot afford to rent (unlike Tokyo, Shanghai, HK....). Msia still has plenty of land/living space (at least high land and population ratio) and Msia has the most varieties of places to be sheltered. For those lower income group, one can rent a room or share a room (RM200/m up) either in low/medium cost apts, condos, terrace, etc. One even can stay in relatives/friends houses (temporary) for free, of coz sleep mattress in the living room lah, don’t challenge this coz I used to do that. In HK/Japan for e.g. u can’t even do that (a family of 5 stays in a 500sf flat) unless u really thick-faced.

In addition, given Msia economy is not as hot a other regions, less FDI, moderate GDP growth, less hot money, less speculators, and the fact that Msia gov has been having a relax land reserve and property market policy, I think prop price is at its peak now. Of coz price should have been lower if there were less luxury (reluctantly) developments recently.

Honestly, if you have the cash for down payment now no matter for your 1st or 2nd prop, will u hurry? There are heaps of options, right?

One thing I never quite understand about the property market in Malaysia is that the prices of new houses go up all the time, but at the same time, it is not difficult to find reasonably priced houses on the secondary market in areas that are not hot, but in my opinion, still quite okay, for example, Kepong, Cheras etc.

You know how people say that when you buy a new car, its price drops by 30 percent once you drive it off the lot? Okay, it's not quite so bad for property as I can see that there is a big premium for houses that are completed but that have never been lived in before, but it seems to me that houses that have been lived in before don't really command really high prices.

Note I'm not making any sorts of claims here as I admit I know next to nothing about property. It's just something I've observed and I'm curious why it's so. If I'm wrong, do tell me.

Yeah, why is there always good-buy props (old) but no one take up and over-priced props (new launch) selling like hot cakes?

If you invested in stock markets before, you should know why, property is full of speculations in the capital market, at least in Asia. Smelt some speculations in Msia recently but doubt it will be sustainable.

Still reading thru 30+ pages trying to understand millionaires mind. Wow, better than any books. Doshi Milan, give be back my $$. Read thru 30% of ur book too common sense lah.

Some bought up very good point abt US market uncertainty and stuffs. Would say you are right IF you are in Spore. Check out SGX index and compare with DOW, almost identical. Spore market is very volatile, US sneeze the whole country having nightmare next day.

Malaysia market??? All too busy with politics at d moment. Hantam one another. Globalization, apa tu? Who cares? Which ministers ever mentioned abt globalisation? May be Najib slightly smarter start waking up the rest. Tat why we never really recovered since 1997.

There was a global boom before 2008 Olympic games, every where hot. Malaysian market both property and stock, never feel much. Then last yr, US morgage crunch, everyone here seem having plenty of cash waiting to dive ... betul tak... base on quite a number of feedback from friends. Recession, what's tat? You know as chinese saying, danger comes opportunities. Oh best opportunity, once a life time, dont waste ... tats the feedback i got. Believe people here generally are still quite thrifty or stingy, not sure the younger ones, cp to our neighbouring country Spore. Fresh grads in SG generally kiasu kiasi kiabor load upto max loans, reno homes, buy cars ... exactly like the Money Not Enough 1 show and work for the banks for the rest of their life. When recession comes, all in deep ...

Yup KV still got plenty of land. On condition if you dont mind to pay tolls of course. Good locations with schools, highways, shopping centres, public transports just around the corner getting harder to come by each day.

Still reading thru history trying to understand the sentiment and 'foresee' the future if possible.

One of the dream condo Bukit Utama less than a yr ago 630k+, tot crazy price. Original like 400k+. Woke up one morning and found out my my 750k+ already! What's happening actually?!

Pai Sifu, still waiting for your answer leh. Hiding some tricks under the sleeves

Normal lah, bukit utama for 750K, i still don't think it's expensive.. It's post-crisis now, too much monies printed, of coz bounced back lah. We in Msia has little options for investment - only property and stocks. EPF can only do withdrawal to buy prop, not gold, not biz venture, not warrants, not oversea prop... all bump into properties mah...sure hike lah..

Try driving to Bukit Bintang from both condo's in the morning and note the time it'll take you to reach BB.

Ok, got ur point. But compare the residents, landscaping, parking spots ... 2 different world leh. Tat's the case, those dev that have to go thru the D'sara toll lagi worst lor.

What's ur view of this new glomec project near ttdi? Too near to cemetry? Location looks promising except the cemi.

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Added on May 7, 2010, 6:46 pmGood point

Those who read too much news about volatility around the world esp US / Europe should not forget you are living in Msia when debt to GDP as someone mentioned is 30%. Jap 225%. US 100% something like tat. Meaning Msians generally still not over exposed. Not forgetting, with flex plans offer now, property can be as liquid as you like for short to mid term usage to smoothern any spike. Unlike those funds / stocks, up or down manipulated by the fund managers or unscrupulous management team esp in the US. Bail outs still getting heafty bonus .

This post has been edited by Bobby C: May 7 2010, 06:51 PM

That GLOMAC price is too "premium" for me......

Yesterday, black Friday due to DOW overnight plunged. Blood path everywhere HK, Tokyo, SGX ... KLCI, up 1.02 point

KLCI in its own world, or put it this way. Investors here still not too sophisticated, knowing too much, reacting too fast and follow sentiment, emotion, nightmares.

Yes, we will suffer during global crisis. Question is how serious, how long we can withstand. Believe conservative middle class will ride thru the storms. Those over exposed are the ones need to calculate every moves, everyday. When those over-exposed got into trouble, conservative middle class will come in the wallup at bargain price. Learn from YTL and Spore gomen.

Property is for long term, foundation like civil gound work(piling) being built everyday/month when you pay your loan. Unlike equity, high PE ratio, over value, over rated, over speculated, shorting, no fundamental to support price ect. Tat's the cause of global crunch. In fact it is good, to get rid of bad apples.

Look at HK, before 1997 handover to China, everyone talks about doom and gloom esp the rich ones. Cabut migrating to Ca, Oz. Aft all go back to own mother land wat.

Spore, remember mid 80' when still kid, stayed there few wks. Everyone talks abt doom and gloom and migration to Oz etc. Condo in Orchard if memory right heard the adults said <S$200k or ~S$150. Now?

Pai is right, go for property with strong fundamental.

Unless 1937 happens again, we might not be as bad as some predicts. Check it out, those that predict doom and gloom are the one waiting for property to fall. What is tat saying? Even if doom and gloom, people are reinvesting to support the bottom wat ... same like Sg, HK, aft migrating come back to motherland one day, whether you or you sons & daughters. Unless this place turn into Somalia by the politicians or gomen one day, then thing might be different.

Waaa, ttdi single storey now $600k, madness. 5 yrs ago one new dev 2 sty link at tropicana $400k+. Too bad lah not enough bullets. Or not enough bull guts like future traders

pheww, finish reading 30+ pages. Tats wat my little understanding.

This post has been edited by Bobby C: May 8 2010, 10:41 AM

Property is an asset, everybody need one. if it can't flip, you can rent, if it can't rent, you can move in for own stay.
still remember the previous property market drop was on 1997/98. developers offer free 1 mercedes for buy a bunglow unit. but don't remember those rich investors were stand by to buy cheap stuff at this time, hence the bottom line was supported. after all since year 2000 the property price are going up all the while until now.
same thing happen in US nowadays, the price is dirt cheap but bear in mind the rich investors are get really go into market! the price can be bring up or support in certain level.
for those who waiting the price drop, please wait for next recession, but don't forget during that time, will you secure you job? will you dare to take loan from the bank? and what's the interest rate & condition offer from the bank by then? are you 1 of the cash rich fellow to stand by this moment? if you got your answer, why still waiting?
here is a good statement from one of the forumer; if you don't buy bunglow now, with this price it can only applicable to a semi-D later, if you still wait, with the same price it can only applicable for a link house, still wait again, then only for a condo.
few years ago, semi-d was offer arround 600K, what's the price for a condo nowadays??

When property prices soar, everyone buys expectiing prices to soar further...
When property prices drop, everyone waits expecting prices to drop further...
Herd behaviour...

We may be stuck in the middle now dunno economy going up or down...

However property is proven to be a good asset for inflation hedge.

My view is...don't regard property can make you rich overnight....treat it as an asset which preserves your monies....

Bah, I still haven't received a reply to my question. In the meantime, I still see people posting new threads asking things like, "I want to buy a house. My budget is RM500k. But I absolutely don't want an old house." I'm extremely curious why.

Just because it's old? But everyone renovates before moving in nowadays, right, whether it's an old house or a new one. You repaint, do new kitchens, bathroom fittings, probably make a new ceiling, maybe add wall decorations, wall cabinets in rooms etc. Is there really still such a difference after all that is done?

Any new condos in development?

wankongyew, one of the reasons I can think of - bad maintenance of properties by developer/management causing low trustworthiness to old properties (no use even you have a luxury-renovated unit but the whole project looks like shit). Hence, people tend to bet more on new projects then flip. Unlike properties in Hong Kong, 30-year old flats looks like only 10+ years.

Terrace, old houses, etc (not gated/managed) in Msia have no value at all except the land. Nowadays younger generations (>70s) with upgraded living expectations don't even want to stay there - Bad security, stinky when rubbish trucks pass by, no pedestrian, no facilities, no place for kids to play, gates and doors always locked no different staying in prison, higher maintenance cost, risk of flooding, etc...

mr wan
u should also observe by now tat msians,in general,dont like to read! but they:
-like to give their 2sens worth,whenever there's an
opportunity.
-prefer s/one to give them info altho its readily available,if they care to read.

so, probably no one read your question la!