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 ...

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, $190k tat time, just need one signature and close deal. How cum my pen no ink leh #$% 

If you want to compare to US again.....
Asia is a 'saver's region. Traditionally the Asians save and the US spends. They spend what belongs to the future and Asians save it up for them.
Of course there is some new breed of Asians who Americanized themselves spending the money they can't afford.
So it is the risk they take.
I am always looking for the fella... the ppl who bought 1m with 90% loan lose his job..... always wanting to buy a property from this fella.
This is what the property investers call the 'good buy'. Never that easy to find one these days. The bank will keep it for themselves, or lelong it buy end up selling it at market price.
Those who try to goreng, risk goreng them selves.
Those who choose to 'buy what they cant afford' , esp the ppl who bought 1m with 90% loan and the 'risk' of loosing his job...risk goreng them selves.
Those who want a house for themselves, finds it getting more and more difficult, especially if they... WAIT.

I'm welcome MOF 80% on 2nd purchase, 70% on 3rd purchase and so on. This could be a good move to control speculation on BBB mode.

For 1st house buyer, gov might consider retain 90% MOF.

What does RE stand for as the post posted by onemorething? beside real estate as used in the post.

---

Added on September 1, 2010, 9:22 amSaw in the news that comment from housing minister, the property price is malaysia still very cheap compared to other country i.e. Singapore, HK and China hence it attract more foreign investor to invest in Malaysia property market. He futher explained that the property price will still increase in the near future until a point and will remain constant after that. Even if drop also won't exceed 10%.

Any would like to comment on that??

YES housing prices is very very afordable in malaysia. it is one of the lowest among developing country. every one can buy a house in malaysia easily. those people that are making noise is only great in their "noise" and would like to live in super link, semi D and bungalow.

a basic 3 room flat average 60k with monthly installment RM300. those that are making noise, is just plain CHOOSY

factory worker RM600? are you sure? where can u hire such a cheap factory workers? i need too.
please provide contact.

---

Added on September 3, 2010, 11:57 am
pelangi damansara. rental 550-600 per month. sales price around 60k

is this a 'rule' now? did bank negara announce this officially?

For those who believe in rental, do take a look at this brief explanation from a guru.

http://www.starproperty.my/PropertyGuide/Finance/7358/0/0

May be we should keep our mouth shut so there will be more tenants around .

fresh grads, feldas, gservant, property gurus...lobg Q
more ppl buy more ppl pay tax, send more ppl outerspace, more tower, more bridge..more record.
we are heading hign income country then bank interest rises.

! Spending few hours on the road is juz waste of time n petrol and end of the day wen u get back home u will b dam tired n cant do much...


I am wandering where tis guyz is getting all his info's.. Pj can get any condo for tat price huh ? I guess he is talking about area like wangsa maju or sentul mayb..

Since we are still long way from heading into a property buble I guess gomen nt gone do anything bout it then... N developers had realized? Seriously, I can only c the number of new launches increasing   !!! Mayb the developers realized tat they can make more money now since its BBB mode n build more!

PETALING JAYA: Home buyers are encouraged to take up two-generation loans and financial institutions should support the move.

“The most important thing is for the individual to own a house for his family to live in.

“If loan repayment is extended to the second generation, that means the family will remain intact,” Housing and Local Government Minister Datuk Chor Chee Heung told a press conference here yesterday.

He had earlier launched the MBSB Ultimate mortgage programme by Malaysia Building Society Bhd, which offers loans for customers up to the age of 70 years.

Chor said Budget 2011 encouraged the two-generation loan term, refuting suggestions that stretching the loans that far would be a burden to the younger family members.

“I don’t think it is a burden for the next generation because the repayment is spread over a long time,” he said, adding that the younger generation is financially strong and can even afford to buy another house.

MBSB chief executive officer Datuk Ahmad Zaini Ithman said the idea of offering longer-term housing loans was to preserve the value of assets or investments.

“Ownership in the past meant buying for investment. But now, a house is a place for the family to stay.

“I think more financial institutions should pursue this ap proach,” he said.

now, in 2010 still got freehold condo less than rm200k just 20km for KL.
now, in 2010 still got freehold small dsl around rm200-300k just 20km from KL.

the subjective part is, environment nice or not?
some ppl are choosy, some ppl are not. 

Wednesday, November 24, 2010
M'sian city apartment price 2nd lowest in region
KUALA LUMPUR: The average price of city apartments in Malaysia is the second lowest compared with other countries in the region.

In a statement here yesterday, Global Property Guide (GPG) said according to its research, only Indonesia offered city apartments that were priced lower than those in Malaysia.

In comparison, the average price of city apartments in Singapore is almost eight times more than in Malaysia, beating even Australian prices, which are almost five times higher than Malaysian city apartments.

Other countries surveyed included the Philippines, Cambodia and Thailand, where high-rise residential properties in the city cost more than Malaysia, it said.

it's just absolutely ridiculous to be paying 26% tax for taxable income above RM100k.
next time a guy say he earn rm10k/month, u should feel bad for him. why?
Gross = RM10k
Deduct tax 26% = RM2.6k
Deduct EPF 11% = RM1.1k
Deduct Socso or other staff welfare thingy = RM50
His/her take home is only RM6350.

Wherelse if a guy's pay is say RM7,500, his take home pay would not be too far from him/her.
don't believe, do the math yourself.

Its not about working in countries with lower taxes. Its about seeing your tax money well spent. Taxes in Europe, US, Australia and Singapore are higher than in Malaysia for sure. But the taxes collected are well spent in providing world class transportation networks, education systems and health facilities. Their quality of life is so much better than us. I dont mind paying extra taxes if it means getting these in return.

What do we get in Malaysia? Our hard earned tax money is used to pay higher costs for vehicle purchases and to support a bunch of corrupt politicians who are only interested in lining their pockets with OUR money and building white elephants all over the country to put money into the pockets of their cronies.