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Financial Is property going to drop?, General property price discussion
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webby88
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 Nov 1 2010, 11:08 PM
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QUOTE(hakon @ Nov 1 2010, 10:14 PM) those who think property going to drop, continue to wait on the side... those who think property going to continue escalating, buy buy buy... personally, i have been waiting for property to drop for a long time... never went down. last year i whack 2 biji condos... both have gone up in value by quite a lot... even if slup, i think won't go below what i put in... so to each, his own. so wait or buy or bye bye? Any announcement from BNM this week? |
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webby88
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Nov 2 2010, 09:12 PM
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QUOTE(matkewl @ Nov 2 2010, 11:17 AM) I agreed with that.. i have planned to buy a house early this year and the agents keep manipulating the prices for the house. Even last month i want to buy a house, but put on hold as my company retrenching 70 people.. Tak tahu bila akan kena.  Economy good mah.. thats why my employer retrencing people.. some more in oil and gas industry. Mmmm................. I tot O&G is super bull now? |
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webby88
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Nov 3 2010, 06:55 PM
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so with BNM 70% LTV policy, will property prices start to drop?
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webby88
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Nov 3 2010, 07:08 PM
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QUOTE(noproblem @ Nov 3 2010, 07:04 PM) I think maybe high speculated areas... but most will stagnant and good areas still slowly increase... developers will suffer and maybe come out 30% discount for their property launch? Developer mark up 30% give discount 30% can get 100% loan. First and second house buyer can get 130% loan? If this is possible, then property can surely fly!!!  |
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webby88
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Dec 23 2010, 09:04 AM
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Prices up or down are driven by herd instinct and they are contagious!!! Buying attracts buying and selling attracts selling. For now, people are still buying as no one panics yet with ltv 70% (some slow down of course but awaiting the signal to buy or sell). As long as there are no panic triggers, the property prices will remain intact and buoyant. Wonder what will be the panic triggers? Could it be some government curb policy, EU economic challenges, political changes, World economy, malaysian economy, regional property bubble threats or a combination, no one knows.
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webby88
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Dec 31 2010, 10:02 PM
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QUOTE(Tohsan @ Dec 31 2010, 04:20 PM) back to TS question, properties still going up til today in prime area, no sign of stopping.  Happy New Year Everyone  Properties in prime area will also hit a plateau. Today, many properties in those area are lacking tenants and some a left vacant for a pretty long time. New property prices is so high that whoever invest in it is forced to up the rentals. When rentals are high, tenancy slows down. This is already visible in many prime areas. |
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