Was naive and started to look for a place for own stay only two months ago and only found out that houses have been commoditized and prices are out of control. Speculators are taking away desperate buyers' hard earned $$ just like that. Don't know what to say.

Can't agree more with TheDoer's comments.

I think the government should hv more aggressive policy to stop excessive speculation, keeping an eye on those active property traders that make tonnes of money out out genuine buyers. the 70% cap obviously is not enuf.

But l do believe that whatever "extra and unreasonable gains" that the speculators took away, they will hv to pay it back, if not now in the future.

This post has been edited by godutch: Dec 21 2010, 10:54 AM

Hi TheDoer, looks like we are in the same ship

i was thinking maybe the government should come out with a matrix kind of tax scheme on Property, based on amount of profit as well as holding period of property, something like this:

<1Y <3Y <5Y <7Y <10Y >10Y

<RM 20K 30% 25% 20% 10% 5% 0%
<RM 50K 40% 35% 20% 15% 10% 2%
<RM100K 50% 40% 30% 20% 15% 5%

the figures are for illustration purpose only, i think this will be a better way to curb speculation activity compared to the 70% Cap. Speculators will now think twice before buying big time

I don't quite understand why you are trying so hard to convince people here to buy (price won't drop) and saying no matter what you will not sell.?? no offence. BTW, the point that there are always many buyers vs few sellers, can provide statistics to prove or not? what make you think that people will wanna pay you 40-80% more to buy your property?? are you the only one owning properties in this country?

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Added on January 7, 2011, 1:44 pmCant agree more that consumers are being consumed by debt

This post has been edited by godutch: Jan 7 2011, 01:51 PM

a 50% hike in BLR for a house owner (buying for own stay) should be manageable, just spend less, shop less to mitigate the impact.

But i think 50% hike could be substantial for those who refinanced their homes over the past two years to the max to withdraw money and bought other properties to flip. So i think the adjustment will definitely dependent on the holding power of the so called speculators/investors.

for very high end properties (>700K) i would think that most of the owners are those with stronger holding power but for the middle-high end condos, while the middle class is struggling to get on to move to the wealthy class, they could have taken the unnecessary risk over the past two years. No many born rich rite?? so maybe these properties will be adjusted sooner ?

http://biz.thestar.com.my/news/story.asp?f...92&sec=business

although OPR may only increase in the later part of the year, but BNM could increase the SRR, doe anyone know the impact of SRR on BLR? i think a hike does increase the banks' cost, so the increase could be transferred over to customers (meaning you and me)? Experts pls enlighten.

meanwhile, with neighhouring countries increasing interest rates (unexpectedly) there seems to be more pressure for Malaysia now

This post has been edited by godutch: Jan 14 2011, 10:38 AM

it is 50bps or 0.5%, thanks

yup, i do agree that they are smart middle class investors who did not stretch to the max over the past two years. But i also believe that they are many who did.


btw, came across this news:

http://biz.thestar.com.my/news/story.asp?f...36&sec=business

the target market is definitely for the rich. so, is it a signal that property price appreciation in M'sia is close to the peak and the rich starting to look overseas??? experts pls enlighten

Singapore Developers cut prices following new measures

http://www.propertyguru.com.sg/property-ma...ng-new-measures

will it happen in M'sia soon?

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Added on January 19, 2011, 11:08 amagreed!!

somehow think that this "land is scarce" idea is promoted by developers to gain big profit. Can't compare singapore/HK with M'sia as if i m not mistaken kuala lumpur alone (not klang valley) is bigger than the whole of singapore??

This post has been edited by godutch: Jan 19 2011, 11:09 AM

so potential buyers, hold your horses?

but, maybe need more signs to see the trend ?

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Added on January 19, 2011, 1:27 pm



http://www.themalaysianinsider.com/malaysi...r-set-at-rm3000

High income job = RM3000 monthly salary??? how can a high income family (2 income family) with a monthly household income of RM6K (before tax & EPF) to afford a decent house at the current property price??

This post has been edited by godutch: Jan 19 2011, 01:27 PM

hi, thank you for the advise. Can elaborate more on how to get the statistics ah?

currently i'm only monitoring certain condos that i'm interested in (buying for own stay) and noticed prices have stagnant for a few months, a few condos' prices actually decline a bit (also notice condos that i viewed 2.5 months ago still in the listing), but suspect these could be isolated cases. If like what you said there's a way to have more complete statistics, certainly a good help.

thanks in advance

Growth to slow, inflation trending higher, earnings deteriorating, living cost increasing, property prices????

Investors shun Malaysia as emerging market outlook cools
http://www.themalaysianinsider.com/busines...-outlook-cools/

Asia to see soaring prices in 2011, more modest growth
http://www.themalaysianinsider.com/busines...-modest-growth/

TNB earnings hit by higher coal prices
http://www.themalaysianinsider.com/busines...er-coal-prices/

will TNB use this as an excuse to hike electricity tariff???

This post has been edited by godutch: Jan 21 2011, 11:59 AM

Property talks/seminars are just biased.

Just think about this, how can the instructors or the so called property Sifus earn money from people who attend their talks/seminars if they went and tell people, "no worries, plenty of land", "property prices are going to drop"? then everybody busy selling, no one will attend their talks/seminars, the property sifus then will loss their income to FUND their properties . Yes, i think they earn more money from giving talks then trading property

Is the same as Property developers telling us that property prices will increase 30% in 2011, otherwise who is going to buy their new launches?

This post has been edited by godutch: Feb 21 2011, 05:46 PM

can't agree more, for the genuine buyer, it's just a matter of affordability as house is a basic need. we just want to buy at a fair price not gorenged/speculative price.

when property prices drop to the fair price which could be roughly estimated using the discounted cash flow valuation (yield analysis), i will definitely buy FOR OWN stay.

not interested to help speculators finance their properties and not interested to learn GAMBLING

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Added on February 21, 2011, 5:53 pm good one.


This post has been edited by godutch: Feb 21 2011, 05:53 PM

noticed auctioned listings are increasing.

let's pray hard and continue to do our search, coz i find sometimes it is possible to see fairly valued (resonable yield/ bank value) properties, but just that don't get the "this is the one feel" as i am looking for a home

actually i am not interested in buying auctioned properties either (for own stay ma), but i thot increasing auction listings is a sign that the market will either be stagnant or may be adjusted.

I also noticed certain old condos were being auctioned at quite a hihg price so i suspect these are the properties that some no holding power speculators bought over the past 2 years but couldn't get tenant and in the end could not afford to pay mortgage. But not to say too many of them(so not sure whether these are isolation cases or not), so i am still monitoring while looking for my home sweet home.

Also noted that a house that i was interested to buy 4 months ago still unsold , didn't buy coz was 100K higher than bank value , and now the seller lower the price by about 5%, still too high, am still monitoring

This post has been edited by godutch: Feb 21 2011, 06:18 PM