Financial Is property going to drop?, General property price discussion
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 Feb 2 2010, 08:13 PM
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#1
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Junior Member
171 posts Joined: Sep 2008 
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So far, in Malaysian history, there is no precedence of property collopase. And, there is no guarantee interest rate will rise from here. Maybe 0.5 to 1% increase, if at all. Economy not that vibrant, what's the reason to increase?
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Feb 3 2010, 12:19 PM
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#2
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Junior Member
171 posts Joined: Sep 2008
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So, you are saying there is going to be a double dip? How then can interest rate go up? Stop saying interest rate will go up because you have just read a bunch of recycled articles saying that it must go up. Nobody knows. It might go up and it might go down. Just because we are at historic low int rate level does not mean we can't go down more. We are still much higher in terms of rates compared to sg, hong kong, us and Japan! Japan has been having zero int rates for years. Talk about low rates. Dun believe all u read.
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May 12 2010, 10:41 AM
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#3
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Junior Member
171 posts Joined: Sep 2008
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QUOTE(Bobby C @ May 11 2010, 03:21 PM) Friend of mine bought one property at ss2 last yr ~$800k, aft 5 mths people offered him $1.3M. Who says old properties no value. what kind of prop is that? landed or shoplot? any reno done?Global crisis? Yes, but life still goes on. Unless the whole nation goes into doom mode whereby everyone hiding in own cocoon, unemployment at >20%, may be then doom will happen. But with population growth, your assets/saving/investment growing, would properties free fall in the coming 1-2 yrs? Emm, may 2012 will be dooms day, according some prophets of doom. That’s doesn't really matter anyway, whether you earn hefty on shares, properties all will be doomed anyway, so go enjoy while you can  . |
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