Financial Is property going to drop?, General property price discussion
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 Aug 4 2008, 03:01 PM
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#1
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Junior Member
363 posts Joined: Dec 2006  
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We are just having a discussion here. And the purpose of this thread is to discuss whether property prices would drop.
Got LYN members just waiting to jump in, I suppose.  So anyway, has prices started to drop yet or remain unchanged? I guess the outlook is still uncertain. Bank Negara has so far held off on raising interest rates. But some say it will be only a matter of time. |
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Aug 5 2008, 12:20 AM
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#2
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Junior Member
363 posts Joined: Dec 2006
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QUOTE(hamster9 @ Aug 4 2008, 09:31 PM) depending...i'm having such nice list of properties, especially prime areas for lelong as well... i guess we all   If not, I understand. Thought it wouldn't hurt to ask. |
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Aug 5 2008, 12:23 PM
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#3
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Junior Member
363 posts Joined: Dec 2006
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LokGP,
Thank you for your take on this. |
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Aug 6 2008, 05:59 PM
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#4
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Junior Member
363 posts Joined: Dec 2006
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Gold?
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Aug 9 2008, 12:56 PM
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#5
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Junior Member
363 posts Joined: Dec 2006
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QUOTE(johnsonm @ Aug 7 2008, 04:36 PM) Pai - i was told not to touch NZD, although the interest given is exteremly high. i am looking at AUD & SGD at the moment. just need a few days to think about it. I am not savvy either about gold investments, just checking it out.  joe - gold is a good alternative, but i am not too savvy with gold investments, and i am not aware of the risks involved, so better not! Have you read the gold thread in Finance, Business and Investment House yet? http://forum.lowyat.net/topic/538081 I am looking at the Public Bank Gold Investment Account - http://www.pbebank.com/en/en_content/perso...ments/gold.html The buying and selling rate - http://www.pbebank.com/en/en_content/perso...goldinvest.html OK....this is off topic already.  |
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Aug 11 2008, 01:03 PM
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#6
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Junior Member
363 posts Joined: Dec 2006
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In the Star today -
http://biz.thestar.com.my/news/story.asp?f...99&sec=business Condo prices in Mont’ Kiara, Sri Hartamas hit new high |
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Aug 22 2008, 01:47 AM
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#7
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Junior Member
363 posts Joined: Dec 2006
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QUOTE(Gary1981 @ Aug 20 2008, 11:39 AM) I have doubt whether properties drop? The rumours spread by so call economist, analyst & etc is never can be trust. A year before the rumuors commented BLR will drop due to investor & competitiveness in banking, but now what is the BLR rating? During 1997 recession, ppl are struggling & claim malaysian will be in deep shit under soros deployment, but yet what malaysian still sustain till 2008? Our CI managed to boom up to 1500 points. Also rumuors claim recently US slowdown will dramatically affect malaysia market & will not able to climb up but i would like to see the outcome in years coming. The 1997 financial crisis had a lot of impact on the country. Im not a economist, but just found doubt of the accuracy of ecomonist spread out the rumuous!!!! It isn't so much with Malaysia sustaining or not, but more like life goes on. Besides that, it is a cycle. There will be tough times and then there will be good times. It can't be tough times all the time. PS Speaking of the 1997 financial crisis, 11 years later, how is Malaysia doing? We are not achieving the high growth rates prior to 1997. Our currency in 1997 was at US$1 ~ RM2.6. The government stepped in to impose a fixed exchange rate of US$1 ~ RM3.8 at the height of the crisis. Only now we are at US$1 ~ RM3.3. Meaning the ringgit is still far from pre 1997 rates. Despite all this, life goes on.... |
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Aug 26 2008, 02:47 PM
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#8
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Junior Member
363 posts Joined: Dec 2006
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I think he just bought at RM325,000....
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Aug 30 2008, 02:16 AM
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#9
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Junior Member
363 posts Joined: Dec 2006
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Thanks for the clarification.
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Sep 15 2008, 12:25 PM
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#10
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Junior Member
363 posts Joined: Dec 2006
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Newspaper reports say Exports are up.
Consuming spending is down. <- don't need newspaper also can see already. |
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