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

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fridaynite
post Jan 26 2010, 03:46 PM

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Yeah, I believe there will be a minor correction in some parts of Klang Valley. These past few years from 2006, the run up in prices of property in has been phenomenal.

No doubt the demand for property is there but the buy buy buy phenomenon is really driven by speculation to the point where average property prices to annual income ratio is difficult to justify.

The historically low interest package offered by banks last year further feed the speculators appetite, many whom are now way over-leveraged.
fridaynite
post Feb 9 2010, 05:51 PM

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From: Dusk till Dawn


QUOTE(kelvin667 @ Feb 8 2010, 10:09 PM)
look like the dip is beginning now in Q1, get the cash ready boys!!
*
dip is beginning? what makes you say so?

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