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

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ikram_p
post Aug 1 2008, 03:07 PM

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hi, i'm a kns technician

kns, esec or asm wirebonder? yup those spare parts cost in unbelievable price. 15cm x 6cm x 2 cm block of clamp cost rm2500...unbelievable, especially those kns'ses(weak in design for maintanaince, but effience in developing fast output).

actually, i hope the price of property will go down like 20% less. If not, salary for those average people like me will start thinking about migrating to another state such as nilai or seremban or perak...~~~on-semiconductor company or cashem semicon hohoho.

QUOTE(a6meister @ Aug 1 2008, 12:57 PM)
By the way, what is your M&A refer to ?

so, what you are trying to say is, our economy (malaysia), will be directly tarnished by the slowdown of USA, IF THE USA ECONOMY SITUATION DOES NOT IMPROVE ?

i believe, this is pretty common concept among us, which we all know. and, i also do understand that we are FAR FROM RECESSION, AND THE IMPACT OF USA to our economy is, pretty slim.

What is the main products which we export to USA? yes, indeed FURNITURE is one of the list besides semicon. we, in malaysia, the products we export are mainly raw material. besides, mould plastic, chemicals and minerals, are also, our main export to western country, which include USA.

Why do i say, our economy does not have much impact from USA SLOWDOWN? Let me give an example, i am also supplying BONDING MACHINE, which is for the use of flattening of micro chips in SEMICON industry. one of this machine cost roughly 200k USD. my main and only regional market is MALAYSIA and Thailand, but, which SINGAPORE OERLIKON, which is also my Partnership, that based in Switzerland, monopoly the whole Far East Semicon.

We, in Malaysia and especially Thailand, the demand for this Bonding Machine (which is just a size of ATM MACHINE FROM ANY BANK), is high, and consistently. Dont forget, the spare parts of this machine will generate millions of USD annually.

Now, where does all the Bonding Machine and its spare parts come from ? 70% from USA, and the rest from Europe.

So, to me, i am not an economist. I am a mechanical engineer. thus, to put economy in order, i believe, we have to include practical and some theory together, not just by giving and refer to all the data.

Will our property affected by USA slowdown ? it is that simple, if you buy at decent location, you are the winner. I do not quote this baseless, because, i am a property owner, and i personally been through this.
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ikram_p
post Aug 1 2008, 11:54 PM

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QUOTE(a6meister @ Aug 1 2008, 11:13 PM)
correct, are u from CARSEM SEMICON IPOH ? IF U IN THE PRODUCTION LINE, I MIGHT KNOW YOU? Yes, Seremban semicon booming drastically.
Pai, since when we are facing recession ? we do will affected by usa slowdown, but, at the moment, it is very slim. malaysia economy is still in infant stage, Pai. Our property market also in early stage. we are stil growing and learning. dont compare with USA MACRO ECONOMY AND WITH HUNDRED YEARS of development history.

One thing, i agree is, USA indeed is getting worse, but, they will not take too long to recover.


Added on August 1, 2008, 11:18 pm

Muscaa, come on, i really do not know how to response to the quotes. by the way, do you really know what is recession and what is the major challenge our malaysia economy facing? but, dont worry, everyone have different thinking and perception.
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Nope, from area of lembah klang semicon. U must be from asm?
from my understanding of many posts here, it is wise for me 2 wait and to continue saving this year, see wht might 2009 budget will be?
it seem people are unrest this days about the economic, speculator are hinting that economic are going sloping downwards. When people start listening and believing for the worst, it make people like me starting to reschedule own budget. To my understanding, With the will power to buy getting low, people will start buying less, choosy/cerewet and save for the worst.

By then, they will be a property that will % drop in price according to places, as demand are less and unoccupied tenant is growing. I'll believe those average salary like me are comfortable in renting, as if the recession are really going to hit us next year. We might be out of the job!

p/s:If recession hit and worst like 1998, the highly paid manager2 and the those contructor will definitely the first to go...downhill. Their houses/mansion definitely will be under lelong.com.my




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