Financial Is property going to drop?, General property price discussion
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 Jan 18 2011, 02:04 PM
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#1
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Senior Member
820 posts Joined: Jan 2003 
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One rule of investing is buy low, sell high....when you see prices in other parts of Klang Valley launch prices approaching prices of places like Mont Kiara and KLCC, its the time to invest in these sectors instead. MK and KLCC are the two locations that didn't appreciate much during the BBB frenzy last year, don't you think it looks attractive now?
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Jan 18 2011, 02:41 PM
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#2
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Senior Member
820 posts Joined: Jan 2003
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I think the massive urbanisation in the Klang Valley, the development planned by the government and the increase in raw materials price will prevent any property crash from forming...more and more people are moving to KL each year and prime land will only become more and more scarce...
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Jan 19 2011, 10:32 AM
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#3
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Senior Member
820 posts Joined: Jan 2003
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QUOTE(Bobby C @ Jan 19 2011, 09:40 AM) How can, understand foreigners only eligible for property above $500k? Must be Malaysian 'Sporean'. But the $500k cap for foreigners already not valid since property risen 30%. Should cap at above $600k. Probably by 'Singaporean', he means, 'Malaysian with Singapore PR'. Or the Singaporean could have a Malaysian wife....park under her name...RPGT still around understand only 5%, pls correct if wrong.  |
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Jan 20 2011, 01:15 PM
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#4
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Senior Member
820 posts Joined: Jan 2003
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QUOTE(trifecta @ Jan 20 2011, 01:08 PM) When it drops, the first casualties are the flippers of KLCC & Mon Kiara. Disagree with you on this, as KLCC and Mont Kiara have already burst 2 years ago. If anything bursts, it will be the rest of the Klang Valley....which these days seem to cost more than Mont Kiara and sometimes even more than KLCC!! (eg. CentreStage vs. Summer Suites)If they're a whale, it will only be a scratch, if they're Joe/Jane Public who just joint the flipping bandwagon, they might end up in a financial ICU. |
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Jan 20 2011, 02:59 PM
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#5
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Senior Member
820 posts Joined: Jan 2003
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Think Mont Kiara these days is quite a nice place to live in, if don't mind older condos (but well maintained) slightly over 400k can get one...
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Jan 24 2011, 08:52 PM
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#6
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Senior Member
820 posts Joined: Jan 2003
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When I look at the prices these days I really think the bubble should burst soon....really no sense to the prices anymore....I can't understand why anybody would buy the new developments at the current prices..
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Jan 25 2011, 01:33 PM
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#7
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Senior Member
820 posts Joined: Jan 2003
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Nowadays, the property price expensive is one thing...but the problem is the property is expensive and lousy! Like Sunway Nexis....just build 4 walls, windows and a door wanna charge 700+psf....CentreStage is another case....
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Feb 8 2011, 10:54 PM
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#8
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Senior Member
820 posts Joined: Jan 2003
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QUOTE(hwong40k @ Feb 8 2011, 08:17 PM) nice deductions and assumptions. But what about properties not in KL? Like Cyberjaya and JB side? I would really like to know coz I too feel KL property prices have overshot their value and if things continue as it is, we should see slight correction or decrease in price. If things DON'T go well, I would think a worse decline in property prices are due. However, prices in places like Cyberjaya has not really pick up yet I feel so I am interested in them. JB has picked up but new development launches arent as expensive as the value of existing properties there so there are potentials. Prices in Cyberjaya has not really picked up yet?? Hahahahahaha........... |
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Feb 16 2011, 04:03 PM
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#9
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Senior Member
820 posts Joined: Jan 2003
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Previously I felt like most of you, that the market is overheated and a correction could happen this year or next year, but with all the development planned by the government, it will effectively prevent any possible crash till the completion or almost completion of the MRT project, however once the MRT is completed I fully expect a huge crash, like in 1997/1998 when Twin Towers / Commonwealth Games era....
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Feb 16 2011, 04:58 PM
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#10
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Senior Member
820 posts Joined: Jan 2003
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QUOTE(UFO-ET @ Feb 16 2011, 04:24 PM) Ha ha you must be kidding, MRT entire project takes 15 yrs, by then "if" nothing happen economy go steady, property price especially landed in prime area would easily 50%-200% up, by then how much does a huge crash (%) you are expecting? Dun wait if you are hoping so... MRT should be done before 2020...where got 15 years? Crash should be similar or larger than the crash in 1998, but that's my 2 cents....BTW I think mkt will hv huge crash if World War III between USA & China take on, let's see he he |
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Feb 16 2011, 06:46 PM
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#11
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Senior Member
820 posts Joined: Jan 2003
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QUOTE(UFO-ET @ Feb 16 2011, 06:18 PM) MRT has 3 lines, total 15 yrs. Dun trust our gomen too much, a simple mini LRT already drag fr 1998 till now just started... Property prices are a direct result of the amount of money flowing into it, right now the government is pumping in huge amounts of money into development, what do you think will be the result? Quite easy to see, really. As long as the inflows continue, property prices should be sustained.In fact m more interested in "wat will home buyers react when market crash", if I ask now, the answer is certainly ''Buy, Buy, Buy!!" however in reality, when it happen, most of them choose to hold on or wait & see, hope worsen some more.... My Neighbour who was searching for Kinrara house since 1996, said mkt will crash in 1997, he was correct when price drop fr 260K to 200K, he predicted will drop some more to 185K, I can't wait & bought 228K in 1998, he said riot will happen bcos political instability, will drop back to 190K, since then price has no way back & reach 430K now Many people has right prediction, the problem is they never act at the right time  |
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