Property's speculator hinting that there will be a hike of 20% housing price overhere in sabah... Now, an average paid sabahan will take another extra 5yrs++ to paid off the 30yrs++ loan for only a terraced housing.

The star newspaper also mentioned property at penang inflated over 80% for the last 4~5 years, i guess average paid malaysian will need 30++ yrs to paid off their dream home. Rental is only so-so overhere, RM1500 for a terrace housing costing RM300k, not sure if it is better off renting and wait till the property cool off (but government got the scheme "Malaysia as 2nd home" so quite a lot of foreigner came to malaysia to buy asset so price gone up a lot recently)

So many hot free money floating around the globe, everyone afford to hold 2 ~ 3 properties even no tenant or rental income cause just need to pay small amount of monthly loan repayment. Not sure when will FED raise the interest rate in the near future.

Thanks you for the insight of the story. But believe it or not, when you look around the internet and read some of the articlse posted on the blog. You will know that there is a lot of problem arise from the low interest rate which FED kept low for so many year.

Hot money had been pouring into the Real Estate for so long and everyone is waiting it to burst . CHINA, HONG KONG, AUSTRALIA, SINGAPORE, you named it. But understand that the media kept quiet even they knew something was seriously wrong. We have been seeing empty housing, shoplet, flat, condo, for the last few year. SO MAKE SURE YOU KNOW BOTH SIDE OF THE STORY BEFORE YOU VENTURE INTO NEW STUFFS.

DEBT IS ON THE VERGE OF ACCELERATING cause interest rate is on the rise. So better watch out.

I am curious why suddenly every single report on the news and magazine teaches us how to gain wealth from this properties scheme. As far as I recalled, any excellent deal and strategies are always kept secret and never reveal it to the public. And nevertheless, is it really the real time to purchase the real estate. I understand that our properties are still relative cheap (if you are foreigner) compare to our neighbor country. But i think it is getting overboard for our normal malaysian. In some place Rental is poor when compare to actual property price.

http://rockybru.com.my/2010/10/in-kl-prope...g-to-burst.html

This post has been edited by thk38: Oct 10 2010, 01:11 AM