Financial Is property going to drop?, General property price discussion
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 Jul 14 2008, 11:02 PM
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#1
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Senior Member
4,719 posts Joined: Jan 2003  
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it might drop but over the long run...i think prices of landed property should at least remain the same and not drop...if it does not go up...
remember... location is the key word... buy a property at a good location...should be good enough to counter the price drop if it ever happens... even if it drops..it won't drop as much as those property at not so good location.... |
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Jul 16 2008, 08:59 AM
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#2
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Senior Member
4,719 posts Joined: Jan 2003
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somehow i can't help but suspect that the developers are taking advantage of current situation to hike up their profit a bit as well instead of purely to cover the cost increase...
 QUOTE(johnsonm @ Jul 15 2008, 02:20 PM) all developers have increased their prices by 20 - 30%. reason being, their cost has increased. if they don't increase their prices, they are building houses for free. but whether the average malaysian can afford these houses is a different matter. for example, if A buys a house from the developer at the increased price, and later on has to sell it because of high interest rates, can he find a buyer at the same price?  |
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Jul 18 2008, 09:38 AM
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#3
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Senior Member
4,719 posts Joined: Jan 2003
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dude...can you share which bank that offer you that nice rate?
QUOTE(nonexno @ Jul 16 2008, 11:18 PM) Bro, Can't you refinance now? Read your contract. You may have to pay penalty but do your P&L and Cash Flow. You might recover after 2 years. The banks are offering BLR - 2.2% now. It would not be that level for long, probably until end of this year. I got a good deal. I refinanced at 3.88% first year and subsequent year of BLR -2.45%. BLR is expected to increase to 7 or 8 percent apparently. Lets see what the Central Bank does! |
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Aug 1 2008, 11:03 PM
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#4
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4,719 posts Joined: Jan 2003
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QUOTE(muscaa @ Aug 1 2008, 09:16 PM) Or the properties eg 2 storey terrace in KL will shoot up to RM1mil? RM1mil? possible, but maybe when? last time a double storey cost RM20k or less...quite long time ago, and some of it cost RM400 to RM500k now...what makes u think it won't go up to RM1mil? |
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Aug 9 2008, 10:50 AM
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#5
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Senior Member
4,719 posts Joined: Jan 2003
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if you read the star newspaper today... seems like property price going to be up by 30% around middle of next year...
not sure how true is this...maybe someone just simply say to push the sales of property...or it might be true... but i think eventually it's still down to supply vs demand...right now we have overseas investors...if they cabut...i think there will be oversupply of high end properties...and the price might then drop... |
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Aug 16 2008, 02:48 PM
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#6
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4,719 posts Joined: Jan 2003
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have we seen in history where fixed interest rate is lower than BLR?
does it happen before? probably way back in '97? i guess those who took AIA/ING fixed loan might have experience of paying 10% in BLR back in those days... so anyone can confirm back then, do we have fixed 6% interest? |
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Mar 20 2010, 09:33 AM
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#7
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Senior Member
4,719 posts Joined: Jan 2003
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oh damn...the property at penang is also crazy... i don't know who's actually buying it but the average people over here is finding it hard to get a decent place to stay....
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Apr 17 2010, 10:11 PM
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#8
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Senior Member
4,719 posts Joined: Jan 2003
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well...i'm quite konpius also now....property price in penang here is rushing up like crazy...easily go up like RM100k within a year! it's really insane! now any new condo...u close eye also RM400k already.... those selling for RM200k like 2-3 yrs back...now become RM400k!!!
and really...i was thinking...those new fellas coming out to work... how to afford buy such a property? really kesian them.... thank god i work earlier a bit and manage to grab one property for myself...or else...now also headache.... dunno where the money comes from... malaysian so rich eh?  it's really insane..... i don't know how my kids going to buy their own property in future.... |
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Aug 21 2010, 02:01 PM
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#9
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Senior Member
4,719 posts Joined: Jan 2003
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pay or buy if you can afford...does not matter what is the price...as long as you like the property...or if you really want to speculate...then just buy also... as long as you are qualified to get the loan and can afford to pay....
if one day the crash come...doesn't matter since you can afford and pay for it anyway....if the crash doesn't come...you either stay..or sell to earn money... simple.... ultimately, it's buyer-seller market...got buyer..got seller also la.... reason the price goes up is because got demand ma.... |
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