interesting video re bubble. quite long video, 46min.


http://www.youtube.com/watch?v=4ECi6WJpbzE

today zaobao (Singapore Chinese newspapar) reported KL is now the best property market in Asia.
http://property.zaobao.com.sg/pages6/overseas101213s.shtml

expected more Chinese, HK, Singapore investors to come over to KL. how to drop??? In fact i have a few Sg, SH, HK fren already asking me to look properties for them.. (sigh now become a free agent and some more need to drive them around..beside nite entertainments )

base on my experience during my stay in Shanghai, the people start talking about buying property since 7-8 years ago and til today the price is still up up. u can hear almost everyone on the street , office, fren, relative etc asking "have u bought a house??" it is differrent from stock market when people on the street start talking stock market, that mean the market will fall soon. base on the above, i think KL property stil will up for several years. i think china property will up further as the RMB is become weaker (compare to other currencies eg RM, SGD etc) - despite various control from govt. when chinese are still buying (house and car), all raw materials /commodities eg steel, cement will up. and msia properties will up too. judge on china /india population, i think this situation will not change in another 10 years. that is why when 1997, 2008 market crash, property still hold and go up further (now peak)... same if the stock market crash in next few years, property market will keep going up due to china/india raw mat/strong housing demand. as far as i understand , there are still millions of chinese people waiting to buy house. many are influence by the media, ad, tv, movie etc for better living standard.. they can live in village /wooden house in the past (Mao's era) but now everyone want to buy nice/modern apartment. (even in kampong!)- i think this is same to india, indonesia, msia etc. unless we all go back to old days - everyone live in kampong house and without renovation, furnishing etc which is now impossible. those days your father/grand can drive a car without air cond but now surely you cant !! living standard is only more demanding not downward. you expect to see more steel and concrete everywhere.

what is the Y axis refer to?
i think we cant use Japan as example and need to benchmark japan house price with USD not Yen as during 70's, 80's , 90's Yen is like a yoyo. (from 350 to today 80) can some one compare Japan house price in USD? eg in 1985 , Yen = 240 and now is 3 x stronger, will the property drop 3x by now?



furthermore Japan population is shrinking and aging...unlike other Asian countries eg China, India, Indonesia, Vietnam etc. With higher pop and standard living, i think we need more new house.. (no more kampong attap house/camps) , . Asian still work very hard to won a house/apartment..this will drive higher properties price

p/s: Japan housing is also different form other Asian - low rise, wood , composite etc

i think we also cant use Euro zone as Euro notes only circulate from 1st Jan 2002 and since then the Euro yoyo from 80-140 (var= 60 !!) , may be someone could benchmark house price with USD? I just return from Germany and the house price is still up up in major cities.
one will ask how about in US?? i can tell u the price in major cities eg NY the price is still up up. likewise in KL, i think the price is sitll up. compare a remote towns in US is something compare with bidor, grik etc or even outskirt of JB eg pasir gudang, pekan nanas etc

"The best flippers property I heard asking for Mont Kiara price but located near airport sitting on a formal dump side!!!"
whihc project is it? i heard some of the sub sales 3-4 storey shops near KLIA is selling close to 1 mil

Attended CIMB mega auction yesterday, the bidders bidding like NO tomorrow, some hot properties end up >2x from the original reserved prices. I think BBB euphoria will last few more years.

exactly, I hv many foreigner fren (SG, HK, SH, TW) asking me to look for KLCC area. they will come during CNY to view properties.

he can either
1. buy a low cost apartment/condo (mostly subsales) and collect rental with good yield , some can earn >10%
2. invest in unit trusts. (buy REITs if he like property)

option 1 is harder work but u can see return ($) immediatly.

it won't be wrong if you invest properties in high populated area. (appreciation or rental); tell me which properties at this area are bad?

so long there r lot of jobs opp, no problem to rent/sell your properties , even a wooden/atap house, new village/kampong house, flat, near cemetery (eg Saputeh/robson, tmn midah/ bdr tun razak/connaught, desa kiara etc)

as someone has mentioned, the property price will up again after crisis, so people just dun care and continue jump into property market. when there is slight drop eg 97, 08, more people will go in (think it is cheap) and push the price up even higher.

if you have a lot of cash, says a few mil?
how about if you pay cash 10 prop (300k each) and reinvest all the collected rentals to UT/ETF (annual return 8%) until u can buy another property with cash again? (u can save on lawyer fees and bank interests by paying cash)
eg if rental income is 20k net/month (2k/mth x 10 prop) + profits from UTs, u can afford to buy a 300k prop again every 1 year.

p/s: in most cases, rental hardly cover the loan interest, based on current inflated properties prices. so it is not wise to have loan for rental income.

i am answering to soul's question. maybe he have lot of cash and dun want bank loan?
if u hv lot of cash i think it is no wise to buy properties (for rental income) with bank loan as i mentioned. any comment from sifu?

HK case is diff -- prop rise if the mrt is underground. msis prop price will drop as it is elevated. oso i think most msian do not like to take elevated mrt/lrt as the stations are so hot. even 100m oso reluctant to walk. eg your home or office is 1km away from the station. i dun mind to walk 1-2km if the wheather is comfortable eg Shanghai, HK, Paris, UK etc. parking at mrt stations is another big problem. In sg there are many parkings nearby eg multistorey + HDB lots

no one will believed. I have seen so many yet to complete projects keep on delaying even the notice boards stated the completion was yester years... eg fly over bridges, road expansion etc. based on msia standard, u need to x2

probably many prop agents convert to represent auctions properties. I heard many agents now dun hv much subsales biz. most buyers now opt for new launch due to lower entry.

if same price, subsales has to pay extra 15-20k for SPA and bank loan legal fee. new launch usually waived